Financial Statements — LEDS
Balance Sheet
(in millions USD)| Metric | Q3
2026 | 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 | 5.98 | 3.98 | 2.89 | 2.44 | 2.38 | 1.25 | 1.68 | 1.61 | 2.32 | 3.04 | 3.86 | 4.51 | 3.02 | 3.71 | 4.08 | 1.67 | 2.09 | 2.69 |
| Accounts Receivable | 2.19 | 1.65 | 1.87 | 0.16 | 0.28 | 0.26 | 0.67 | 0.75 | 0.90 | 0.98 | 0.53 | 0.61 | 1.71 | 1.44 | 0.81 | 1.07 | 0.80 | 0.59 |
| Inventory | 4.74 | 4.89 | 3.92 | 11.93 | 13.53 | 3.72 | 3.67 | 3.75 | 3.90 | 4.21 | 4.26 | 3.68 | 4.10 | 4.33 | 4.25 | 3.62 | 2.91 | 2.77 |
| Total Current Assets | 13.87 | 12.45 | 10.25 | 17.72 | 18.24 | 5.49 | 6.38 | 6.44 | 7.34 | 8.47 | 8.88 | 9.01 | 9.06 | 9.83 | 9.54 | 7.19 | 6.62 | 6.89 |
| Property, Plant & Equipment | 2.26 | 2.35 | 2.50 | 2.93 | 2.60 | 2.61 | 2.79 | 3.00 | 3.17 | 3.36 | 3.63 | 3.83 | 4.48 | 4.81 | 5.04 | 5.46 | 5.55 | 5.62 |
| Intangible Assets | 0.11 | 0.11 | 0.11 | 0.09 | 0.09 | 0.09 | 0.09 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.11 | 0.11 | 0.12 | 0.13 | 0.12 | 0.09 |
| Total Non-current Assets* | 3.67 | 3.81 | 3.99 | 5.46 | 4.94 | 4.91 | 5.14 | 5.58 | 5.82 | 6.11 | 6.32 | 6.55 | 7.37 | 7.84 | 7.93 | 8.45 | 8.51 | 7.05 |
| Total Assets | 17.54 | 16.26 | 14.23 | 23.18 | 23.19 | 10.40 | 11.51 | 12.02 | 13.16 | 14.58 | 15.20 | 15.57 | 16.43 | 17.67 | 17.47 | 15.64 | 15.13 | 13.93 |
| Accounts Payable | 4.87 | 2.16 | 1.59 | 10.85 | 0.45 | 0.34 | 0.20 | 0.18 | 0.41 | 0.54 | 0.51 | 0.21 | 0.61 | 1.00 | 0.76 | 0.53 | 0.44 | 0.42 |
| Total Current Liabilities | 13.49 | 13.64 | 10.92 | 17.57 | 17.97 | 7.11 | 6.78 | 6.64 | 9.90 | 9.75 | 9.53 | 9.40 | 9.35 | 9.60 | 9.37 | 9.79 | 9.18 | 9.15 |
| Long-term Debt | 0.08 | 0.19 | 0.31 | 0.57 | 0.63 | 0.74 | 0.97 | 1.11 | 1.24 | 1.49 | 1.63 | 1.72 | 2.08 | 2.29 | 2.43 | 2.71 | 2.78 | 2.85 |
| Total Non-current Liabilities* | 0.98 | 1.11 | 1.25 | 1.62 | 1.62 | 1.71 | 1.97 | 2.29 | 2.51 | 2.81 | 2.99 | 3.11 | 3.59 | 3.89 | 3.95 | 4.27 | 4.32 | 2.94 |
| Total Liabilities | 14.46 | 14.76 | 12.16 | 19.19 | 19.59 | 8.82 | 8.75 | 8.93 | 12.41 | 12.55 | 12.52 | 12.51 | 12.94 | 13.49 | 13.32 | 14.07 | 13.51 | 12.09 |
| Retained Earnings | (189.63) | (191.16) | (190.55) | (188.62) | (188.84) | (189.23) | (188.12) | (187.80) | (187.24) | (185.76) | (185.01) | (184.47) | (182.82) | (181.90) | (181.73) | (179.38) | (179.31) | (179.06) |
| Total Stockholder Equity | 3.08 | 1.50 | 2.07 | 3.99 | 3.60 | 1.58 | 2.72 | 3.04 | 0.70 | 1.99 | 2.63 | 3.01 | 3.45 | 4.13 | 4.12 | 1.53 | 1.59 | 1.81 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q3
2026 | 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 |
|---|
| Total Revenue | 9.07 | 1.06 | 2.57 | 13.23 | 17.65 | 10.87 | 1.26 | 1.32 | 1.32 | 0.89 | 1.65 | 1.45 | 1.68 | 1.15 | 1.70 | 1.63 | 1.78 | 2.18 | 1.47 | 1.37 |
| Cost of Revenue | 6.61 | 1.06 | 2.55 | 13.00 | 16.71 | 9.87 | 1.00 | 1.17 | 0.78 | 0.77 | 1.41 | 1.41 | 1.44 | 0.89 | 1.23 | 1.29 | 1.45 | 1.65 | 1.26 | 1.22 |
| Gross Profit | 2.46 | 0.01 | 0.02 | 0.23 | 0.94 | 1.00 | 0.26 | 0.15 | 0.54 | 0.11 | 0.25 | 0.04 | 0.24 | 0.26 | 0.46 | 0.34 | 0.34 | 0.52 | 0.20 | 0.15 |
| Research & Development | 0.36 | 0.28 | 0.36 | 0.36 | 0.29 | 0.28 | 0.22 | 0.22 | 0.32 | 0.25 | 0.37 | 0.32 | 0.37 | 0.30 | 0.37 | 0.43 | 0.36 | 0.30 | 0.40 | 0.46 |
| Selling, General & Admin | 0.68 | 0.57 | 0.70 | 0.85 | 0.71 | 0.61 | 0.70 | 0.76 | 0.70 | 0.69 | 0.74 | 0.79 | 0.85 | 0.67 | 0.75 | 0.98 | 0.81 | 0.75 | 0.78 | 1.54 |
| Total Operating Expenses | 1.05 | 0.85 | 1.03 | 1.22 | 1.00 | 0.89 | 0.92 | 0.98 | 1.02 | 0.94 | 1.06 | 1.11 | 1.22 | 0.96 | 1.12 | 1.40 | 1.11 | 0.90 | 1.18 | 2.00 |
| Operating Income | 1.42 | (0.84) | (1.01) | (0.99) | (0.06) | 0.11 | (0.66) | (0.82) | (0.47) | (0.83) | (0.82) | (1.07) | (0.98) | (0.70) | (0.65) | (1.07) | (0.77) | (0.38) | (0.98) | (1.85) |
| Pretax Income | 1.52 | (0.60) | (0.74) | (1.19) | 0.22 | 0.39 | (0.55) | (0.56) | (0.32) | (0.56) | (0.60) | (0.88) | (0.76) | (0.55) | (0.51) | (1.14) | (0.91) | (0.15) | (0.52) | (1.84) |
| Net Income | 1.52 | (0.60) | (0.74) | (1.19) | 0.22 | 0.39 | (0.55) | (0.56) | (0.32) | (0.56) | (0.60) | (0.88) | (0.76) | (0.54) | (0.51) | (1.14) | (0.92) | (0.17) | (0.52) | (1.83) |
| Basic EPS | 0.18 | (0.07) | (0.09) | (0.15) | 0.03 | 0.05 | (0.08) | (0.05) | (0.04) | (0.11) | (0.12) | (0.18) | (0.15) | (0.11) | (0.11) | (0.25) | (0.20) | (0.04) | -- | -- |
| Diluted EPS | 0.18 | (0.07) | (0.09) | (0.15) | 0.03 | 0.05 | (0.08) | (0.05) | (0.04) | (0.11) | (0.12) | (0.18) | (0.15) | (0.11) | (0.11) | (0.25) | (0.20) | (0.04) | -- | -- |
Cash Flow Statement
(in millions USD)| Metric | Q3
2026 | 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 |
|---|
| Operating Cash Flow | 2.20 | 1.20 | 0.36 | 0.27 | 0.69 | 1.41 | (0.16) | 0.21 | 0.11 | (0.60) | (0.08) | (0.34) | (0.56) | (0.48) | 0.40 | 0.36 | (0.83) | (0.42) | (0.61) | (0.91) |
| Capital Expenditures | 0.09 | 0.01 | 0.03 | 0.02 | 0.31 | 0.12 | 0.12 | 0.04 | 0.01 | 0.02 | 0.05 | (0.01) | 0.13 | 0.02 | 0.06 | 0.21 | 0.02 | 0.02 | 0.03 | 0.01 |
| Free Cash Flow* | 2.11 | 1.19 | 0.33 | 0.25 | 0.38 | 1.29 | (0.28) | 0.16 | 0.10 | (0.62) | (0.13) | (0.33) | (0.69) | (0.50) | 0.33 | 0.14 | (0.85) | (0.44) | (0.64) | (0.92) |
| Investing Cash Flow | (0.09) | (0.01) | -0.00 | (0.02) | (0.31) | (0.14) | (0.12) | (0.05) | (0.01) | (0.02) | (0.01) | (0.09) | (0.14) | (0.03) | (0.06) | (0.22) | 0.02 | 0.12 | (0.03) | (0.01) |
| Financing Cash Flow | (0.11) | (0.11) | (0.12) | (0.12) | (0.15) | (0.11) | (0.24) | (0.11) | (0.10) | (0.12) | (0.11) | (0.10) | (0.11) | (0.12) | (0.11) | 0.88 | (0.13) | (0.13) | (0.13) | 4.05 |
* Derived from reported values
