Financial Statements — LAW
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 |
|---|
| Cash & Equivalents | 10.89 | 17.65 | 28.80 | 21.67 | 34.53 | 76.55 | 130.01 | 148.68 | 157.65 | 178.92 | 187.64 | 213.12 | 228.19 | 238.58 | 258.48 | 47.03 |
| Short-term Investments | 90.51 | 85.39 | 84.68 | 92.82 | 84.28 | 50.25 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 27.95 | 26.83 | 24.23 | 23.86 | 22.33 | 23.99 | 25.33 | 24.50 | 27.10 | 24.58 | 23.85 | 22.20 | 24.31 | 24.93 | 23.18 | 21.20 |
| Total Current Assets | 141.58 | 142.52 | 153.06 | 142.92 | 145.60 | 157.10 | 160.15 | 178.57 | 191.05 | 207.21 | 216.37 | 241.76 | 255.45 | 267.17 | 288.22 | 72.55 |
| Property, Plant & Equipment | 7.71 | 7.39 | 8.03 | 7.67 | 7.54 | 9.24 | 9.23 | 9.52 | 9.18 | 8.64 | 7.80 | 7.49 | 7.23 | 5.85 | 4.95 | 4.49 |
| Goodwill | 5.90 | 5.90 | 5.90 | 5.90 | 5.90 | 5.90 | 5.90 | 5.90 | 5.90 | 5.90 | 5.90 | 5.90 | 5.90 | 5.90 | -- | -- |
| Intangible Assets | 0.12 | 0.16 | 0.25 | 0.30 | 0.34 | 0.47 | 0.54 | 0.61 | 0.75 | 0.82 | 0.89 | 1.03 | 1.10 | 1.17 | -- | -- |
| Total Non-current Assets* | 19.81 | 19.85 | 21.70 | 21.96 | 22.43 | 37.28 | 37.85 | 38.71 | 39.20 | 25.20 | 24.91 | 25.45 | 25.90 | 13.91 | 6.60 | 6.36 |
| Total Assets | 161.39 | 162.37 | 174.76 | 164.87 | 168.03 | 194.38 | 198.00 | 217.28 | 230.25 | 232.42 | 241.28 | 267.21 | 281.35 | 281.08 | 294.81 | 78.91 |
| Accounts Payable | 4.24 | 2.70 | 3.46 | 3.12 | 5.41 | 3.41 | 4.04 | 2.00 | 6.49 | 5.12 | 6.55 | 6.84 | 8.57 | 7.55 | 7.95 | 6.14 |
| Total Current Liabilities | 37.51 | 34.00 | 38.99 | 21.17 | 19.41 | 20.98 | 20.47 | 17.00 | 21.08 | 19.96 | 20.38 | 22.28 | 22.95 | 19.60 | 20.72 | 16.45 |
| Total Non-current Liabilities* | 3.72 | 4.43 | 5.14 | 5.81 | 6.45 | 6.14 | 6.64 | 7.13 | 8.12 | 8.57 | 9.10 | 10.15 | 10.56 | 0.65 | 0.10 | 0.40 |
| Total Liabilities | 41.23 | 38.42 | 44.13 | 26.98 | 25.86 | 27.12 | 27.11 | 24.12 | 29.20 | 28.54 | 29.48 | 32.43 | 33.51 | 20.25 | 20.82 | 16.85 |
| Retained Earnings | (360.08) | (351.42) | (333.30) | (319.63) | (308.82) | (272.23) | (263.07) | (251.19) | (234.54) | (233.51) | (218.59) | (179.54) | (159.48) | (139.31) | (118.36) | (109.13) |
| Total Stockholder Equity | 120.16 | 123.95 | 130.63 | 137.90 | 142.17 | 167.26 | 170.89 | 193.15 | 201.04 | 203.88 | 211.80 | 234.78 | 247.84 | 260.83 | 273.99 | (98.79) |
* 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 | 43.15 | 41.88 | 41.17 | 40.92 | 38.11 | 36.65 | 37.00 | 36.27 | 36.01 | 35.57 | 35.74 | 34.94 | 34.28 | 33.13 | 32.54 | 34.48 | 33.71 | 34.47 | 33.81 | 29.85 |
| Cost of Revenue | 11.03 | 10.80 | 10.23 | 10.01 | 9.68 | 9.50 | 9.53 | 9.74 | 9.29 | 8.85 | 8.69 | 8.94 | 9.04 | 8.28 | 8.07 | 8.63 | 8.49 | 8.97 | 8.79 | 7.83 |
| Gross Profit | 32.11 | 31.08 | 30.94 | 30.91 | 28.42 | 27.15 | 27.47 | 26.53 | 26.72 | 26.72 | 27.05 | 26.00 | 25.24 | 24.85 | 24.47 | 25.84 | 25.22 | 25.50 | 25.02 | 22.03 |
| Research & Development | 14.93 | 14.70 | 14.95 | 13.42 | 13.97 | 14.26 | 13.79 | 12.76 | 12.89 | 12.08 | 10.53 | 12.07 | 13.26 | 15.77 | 16.07 | 15.69 | 15.18 | 12.32 | 10.64 | 9.65 |
| Selling, General & Admin | 9.52 | 10.39 | 9.99 | 16.92 | 11.02 | 10.98 | 9.51 | 9.66 | 10.72 | 11.16 | 9.89 | 0.13 | 10.92 | 12.30 | 10.25 | 10.91 | 11.07 | 8.52 | 8.16 | 8.27 |
| Total Operating Expenses | 41.33 | 41.18 | 40.18 | 45.37 | 40.23 | 39.76 | 53.60 | 37.40 | 39.10 | 39.05 | 34.73 | 28.90 | 42.23 | 47.13 | 44.49 | 45.91 | 45.18 | 37.26 | 33.97 | 31.09 |
| Operating Income | (9.22) | (10.09) | (9.24) | (14.46) | (11.81) | (12.61) | (26.13) | (10.88) | (12.38) | (12.33) | (7.68) | (2.90) | (16.99) | (22.28) | (20.02) | (20.07) | (19.96) | (11.76) | (8.95) | (9.06) |
| Pretax Income | (8.52) | (9.48) | (8.25) | (13.52) | (10.60) | (11.26) | (25.18) | (9.04) | (10.73) | (10.50) | (5.56) | (0.97) | (14.86) | (20.32) | (18.61) | (20.02) | (20.13) | (11.82) | (9.14) | (9.19) |
| Tax Provision | 0.14 | 0.14 | 0.26 | 0.14 | 0.21 | 0.14 | 0.02 | 0.12 | 0.11 | 0.09 | 0.28 | 0.06 | 0.06 | 0.04 | 0.08 | 0.04 | 0.04 | 0.03 | (0.03) | 0.03 |
| Net Income | (8.66) | (9.62) | (8.50) | (13.66) | (10.81) | (11.39) | (25.20) | (9.16) | (10.83) | (10.58) | (5.84) | (1.03) | (14.91) | (20.36) | (18.69) | (20.06) | (20.17) | (11.85) | (9.11) | (9.22) |
| Basic EPS | (0.13) | (0.15) | (0.13) | (0.22) | (0.18) | (0.19) | (0.43) | (0.15) | (0.18) | (0.17) | (0.09) | (0.02) | (0.25) | (0.34) | (0.31) | (0.34) | (0.35) | (0.20) | (0.12) | (0.19) |
| Diluted EPS | (0.13) | (0.15) | (0.13) | (0.22) | (0.18) | (0.19) | (0.43) | (0.15) | (0.18) | (0.17) | (0.09) | (0.02) | (0.25) | (0.34) | (0.31) | (0.34) | (0.35) | (0.20) | (0.12) | (0.19) |
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 | (1.07) | (11.68) | 0.76 | (0.98) | (4.22) | (10.50) | 2.09 | (2.86) | (0.65) | (7.33) | 3.18 | (6.90) | (7.05) | (14.75) | (9.36) | (14.47) | (10.79) | (11.38) | (2.85) | (8.62) |
| Capital Expenditures | 1.15 | 0.70 | 0.51 | 1.06 | 0.97 | 0.53 | 0.56 | 0.88 | 0.66 | 0.69 | 1.27 | 1.09 | 1.65 | 0.84 | 0.65 | 1.86 | 1.24 | 0.63 | 0.77 | 0.89 |
| Free Cash Flow* | (2.22) | (12.38) | 0.26 | (2.03) | (5.19) | (11.02) | 1.53 | (3.73) | (1.31) | (8.02) | 1.90 | (7.99) | (8.71) | (15.60) | (10.01) | (16.33) | (12.03) | (12.01) | (3.62) | (9.51) |
| Investing Cash Flow | (5.50) | 9.59 | (9.87) | 7.96 | (8.63) | (7.66) | (25.88) | (50.81) | (0.66) | (0.69) | (1.27) | (15.09) | (1.65) | (2.02) | (0.65) | (1.86) | (1.24) | (5.94) | (0.77) | (0.89) |
| Financing Cash Flow | (0.18) | 0.09 | (0.04) | 0.15 | (0.01) | (0.08) | 0.01 | 0.21 | (17.37) | (2.85) | (0.01) | 0.72 | (0.01) | 1.17 | 0.13 | 1.27 | 1.64 | 0.42 | 0.62 | 220.96 |
* Derived from reported values
