Financial Statements — LITB
Balance Sheet
(in millions USD)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Cash & Equivalents | 23.63 | 17.95 | 66.43 | 88.58 | 55.94 | 61.48 | 37.74 |
| Accounts Receivable | 1.36 | 0.98 | 0.63 | 0.70 | 1.63 | 1.30 | 1.36 |
| Inventory | 4.94 | 3.64 | 5.77 | 14.26 | 12.00 | 9.92 | 7.36 |
| Total Current Assets | 34.13 | 26.97 | 84.98 | 115.98 | 83.90 | 84.81 | 57.38 |
| Property, Plant & Equipment | 1.31 | 2.19 | 2.79 | 2.95 | 3.31 | 3.81 | 3.50 |
| Goodwill | 27.80 | 26.66 | 27.39 | 28.18 | 30.44 | 29.75 | 27.92 |
| Intangible Assets | 2.18 | 2.75 | 3.60 | 5.63 | 8.23 | 9.42 | 8.52 |
| Total Non-current Assets* | 37.87 | 42.40 | 41.33 | 48.84 | 111.47 | 73.22 | 55.82 |
| Total Assets | 72.00 | 69.37 | 126.31 | 164.81 | 195.37 | 158.03 | 113.20 |
| Accounts Payable | 12.31 | 10.38 | 15.85 | 26.52 | 23.54 | 16.95 | 17.64 |
| Short-term Debt | 0.72 | 0.69 | -- | -- | -- | -- | -- |
| Total Current Liabilities | 73.99 | 77.56 | 132.51 | 154.11 | 109.93 | 96.85 | 71.67 |
| Total Non-current Liabilities* | 1.99 | 4.99 | 2.18 | 6.83 | 21.56 | 11.80 | 9.65 |
| Total Liabilities | 75.99 | 82.55 | 134.69 | 160.94 | 131.49 | 108.65 | 81.32 |
| Retained Earnings | (253.93) | (262.20) | (259.32) | (249.22) | (192.07) | (204.57) | (217.89) |
| Total Stockholder Equity* | (3.98) | (13.17) | (8.38) | 3.88 | 63.88 | 49.38 | 31.88 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Total Revenue | 224.32 | 255.29 | 629.43 | 503.57 | 446.10 | 398.15 | 243.63 |
| Cost of Revenue | 78.44 | 101.80 | 269.50 | 228.49 | 239.39 | 222.00 | 146.03 |
| Gross Profit | 145.88 | 153.49 | 359.93 | 275.08 | 206.71 | 176.15 | 97.60 |
| Research & Development | 10.27 | 15.53 | 19.11 | 19.45 | 20.34 | 15.16 | 17.87 |
| Selling, General & Admin | 19.56 | 25.74 | 34.08 | 36.30 | 39.73 | 33.16 | 37.81 |
| Total Operating Expenses | 137.91 | 155.71 | 370.33 | 289.32 | 222.82 | 172.30 | 113.65 |
| Operating Income | 7.97 | (2.22) | (10.39) | (14.24) | (16.11) | 3.86 | (16.05) |
| Interest Expense | -- | -- | 0.00 | 0.01 | 0.01 | 0.09 | 0.07 |
| Pretax Income | 8.22 | (2.53) | (9.55) | (69.29) | 23.26 | 16.76 | (0.95) |
| Tax Provision | (0.06) | (0.04) | 0.04 | (12.71) | 9.80 | 3.42 | 0.11 |
| Net Income | 8.28 | (2.49) | (9.59) | (56.58) | 13.13 | 13.32 | 1.00 |
| Basic EPS | 0.04 | (0.01) | (0.04) | (0.25) | 0.06 | 0.06 | 0.01 |
| Diluted EPS | 0.04 | (0.01) | (0.04) | (0.25) | 0.06 | 0.06 | (0.06) |
Cash Flow Statement
(in millions USD)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Operating Cash Flow | 6.21 | (48.16) | (20.71) | 35.83 | (1.77) | 29.31 | 1.88 |
| Capital Expenditures | 0.04 | 0.78 | 1.15 | 0.82 | 1.01 | 2.23 | 0.92 |
| Free Cash Flow* | 6.17 | (48.94) | (21.86) | 35.01 | (2.78) | 27.08 | 0.97 |
| Investing Cash Flow | 0.01 | (2.26) | (1.08) | 2.05 | (1.74) | (1.84) | (0.68) |
| Financing Cash Flow | (0.72) | (0.59) | (2.29) | (0.04) | (1.32) | (3.69) | (0.55) |
* Derived from reported values
