Financial Statements — IPWR
Balance Sheet
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 41.29 | 16.41 | 8.39 | 11.11 | 13.70 | 18.66 | 20.06 | 20.24 | 10.76 | 12.68 | 14.52 | 18.45 | 20.02 | 21.73 | 24.49 | 25.72 | 26.79 |
| Accounts Receivable | 0.03 | 0.02 | 0.03 | 0.01 | 0.01 | 0.00 | 0.00 | 0.14 | 0.10 | 0.20 | 0.07 | 0.05 | 0.15 | 0.26 | 0.26 | 0.13 | 0.13 |
| Inventory | 0.06 | 0.04 | 0.07 | 0.08 | 0.09 | 0.06 | 0.08 | 0.11 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Assets | 41.60 | 16.80 | 8.67 | 11.42 | 14.11 | 19.02 | 20.46 | 20.76 | 11.24 | 13.43 | 15.02 | 18.95 | 20.43 | 22.11 | 24.85 | 25.99 | 27.09 |
| Property, Plant & Equipment | 0.45 | 0.48 | 0.41 | 0.38 | 0.39 | 0.45 | 0.35 | 0.35 | 0.34 | 0.28 | 0.23 | 0.15 | 0.05 | 0.06 | 0.06 | 0.06 | 0.03 |
| Intangible Assets | 2.57 | 2.74 | 2.68 | 2.68 | 2.62 | 2.61 | 2.59 | 2.60 | 2.56 | 2.54 | 2.02 | 2.03 | 2.04 | 2.04 | 2.04 | 2.05 | 2.00 |
| Total Non-current Assets* | 3.45 | 3.66 | 3.55 | 3.52 | 3.49 | 3.58 | 2.96 | 3.13 | 3.12 | 3.05 | 2.50 | 2.46 | 2.38 | 2.40 | 2.43 | 2.45 | 2.08 |
| Total Assets | 45.05 | 20.46 | 12.23 | 14.95 | 17.59 | 22.60 | 23.42 | 23.89 | 14.36 | 16.48 | 17.52 | 21.41 | 22.81 | 24.51 | 27.28 | 28.44 | 29.17 |
| Accounts Payable | 0.44 | 0.76 | 0.23 | 0.15 | 0.16 | 0.08 | 0.23 | 0.38 | 0.06 | 0.11 | 0.07 | 0.02 | 0.02 | 0.38 | 0.06 | 0.16 | 0.11 |
| Total Current Liabilities | 1.49 | 1.50 | 0.89 | 0.90 | 0.70 | 0.91 | 0.88 | 0.96 | 0.82 | 0.79 | 0.50 | 0.66 | 0.58 | 0.76 | 0.74 | 0.74 | 0.59 |
| Total Non-current Liabilities* | 1.08 | 1.15 | 1.26 | 1.31 | 1.37 | 1.47 | 1.07 | 1.22 | 1.32 | 1.35 | 1.03 | 1.10 | 1.11 | 1.17 | 1.24 | 1.25 | 1.04 |
| Total Liabilities | 2.58 | 2.65 | 2.15 | 2.21 | 2.07 | 2.38 | 1.95 | 2.18 | 2.14 | 2.14 | 1.53 | 1.76 | 1.69 | 1.93 | 1.98 | 1.99 | 1.62 |
| Retained Earnings | (125.09) | (121.68) | (116.15) | (113.21) | (110.17) | (104.87) | (102.18) | (99.52) | (94.64) | (91.90) | (89.62) | (85.20) | (83.50) | (81.81) | (78.49) | (77.25) | (76.06) |
| Total Stockholder Equity | 42.47 | 17.81 | 10.07 | 12.74 | 15.53 | 20.22 | 21.47 | 21.71 | 12.22 | 14.33 | 15.99 | 19.65 | 21.12 | 22.58 | 25.30 | 26.45 | 27.54 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Total Revenue | 0.01 | 0.00 | 0.00 | 0.02 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.08 | 0.06 | 0.00 | 0.14 | 0.00 | 0.02 | 0.01 | 0.05 | 0.13 | 0.13 | 0.12 |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.03 | 0.00 | 0.03 | 0.01 | 0.00 | 0.02 | 0.07 | 0.05 | 0.00 | 0.11 | 0.00 | 0.02 | 0.01 | 0.05 | 0.13 | 0.13 | 0.12 |
| Gross Profit | 0.00 | 0.00 | 0.00 | -0.00 | -0.00 | (0.02) | -0.00 | -0.00 | (0.02) | 0.01 | 0.02 | -0.00 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Research & Development | 1.43 | 2.03 | 0.79 | 1.79 | 1.90 | 1.57 | 1.59 | 1.68 | 1.56 | 1.37 | 1.41 | 1.69 | 1.21 | 1.44 | 1.03 | 0.78 | 0.73 | 0.83 | 0.50 | 0.60 |
| Selling, General & Admin | 1.66 | 1.22 | 1.01 | 0.96 | 0.90 | 0.90 | 0.91 | 0.89 | 0.95 | 0.85 | 0.85 | 0.85 | 0.93 | 0.89 | 0.77 | 0.77 | 0.73 | 0.85 | 0.70 | 0.50 |
| Total Operating Expenses | 3.62 | 3.69 | 1.95 | 3.02 | 3.14 | 2.81 | 2.76 | 2.90 | 2.87 | 2.54 | 2.50 | 2.84 | 2.41 | 2.64 | 1.99 | 1.76 | 1.70 | 1.90 | 1.41 | 1.23 |
| Operating Income | (3.62) | (3.69) | (1.95) | (3.02) | (3.14) | (2.82) | (2.76) | (2.90) | (2.89) | (2.53) | (2.48) | (2.84) | (2.39) | (2.64) | (1.99) | (1.76) | (1.70) | (1.90) | (1.41) | (1.23) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.01 | 0.01 |
| Net Income | (3.41) | (3.63) | (1.90) | (2.94) | (3.04) | (2.70) | (2.60) | (2.69) | (2.66) | (2.47) | (2.41) | (2.74) | (2.28) | (2.53) | (1.89) | (1.70) | (1.69) | (1.90) | (1.42) | (1.24) |
| Basic EPS | (0.20) | (0.33) | (0.21) | (0.32) | (0.33) | (0.30) | (0.27) | (0.31) | (0.31) | (0.39) | (0.39) | (0.44) | (0.37) | (0.41) | (0.31) | (0.28) | (0.27) | (0.31) | (0.23) | (0.20) |
| Diluted EPS | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (0.37) | (0.41) | (0.31) | (0.28) | (0.27) | (0.31) | (0.23) | (0.20) |
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Operating Cash Flow | (2.44) | (2.03) | (2.16) | (2.55) | (2.36) | (2.07) | (2.55) | (2.22) | (2.10) | (1.88) | (1.95) | (1.77) | (1.65) | (1.76) | (1.87) | (1.43) | (1.66) | (1.42) | (1.29) | (1.19) |
| Capital Expenditures | 0.01 | 0.14 | 0.01 | 0.07 | 0.03 | 0.01 | 0.00 | 0.13 | 0.03 | 0.03 | 0.04 | 0.08 | 0.07 | 0.04 | 0.06 | 0.11 | 0.00 | 0.01 | 0.00 | 0.01 |
| Free Cash Flow* | (2.45) | (2.18) | (2.17) | (2.62) | (2.39) | (2.08) | (2.55) | (2.35) | (2.13) | (1.90) | (2.00) | (1.85) | (1.72) | (1.80) | (1.94) | (1.54) | (1.67) | (1.43) | (1.29) | (1.20) |
| Investing Cash Flow | (0.11) | (0.25) | (0.07) | (0.16) | (0.15) | (0.07) | (0.06) | (0.21) | (0.14) | (0.10) | (0.12) | (0.15) | (0.18) | (0.07) | (0.11) | (0.14) | (0.04) | (0.03) | (0.05) | (0.04) |
| Financing Cash Flow | 27.43 | 12.57 | (0.03) | (0.01) | (0.08) | (0.01) | (0.20) | 1.02 | 2.06 | 13.74 | -- | -- | -- | -- | (0.13) | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 |
* Derived from reported values
