Financial Statements — LITS
Balance Sheet
(in millions USD)| Metric | Q3
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 7.54 | 20.47 | 8.76 | 10.11 | 2.37 | 5.17 | 3.37 | 8.81 | 10.92 | 11.11 | 12.55 | 14.65 | 9.74 | 9.88 | 10.96 |
| Short-term Investments | -- | 0.00 | 0.00 | 19.95 | 54.18 | 54.31 | 78.83 | 103.22 | 113.26 | 157.93 | 173.20 | 123.71 | 154.88 | 170.27 | 165.18 |
| Accounts Receivable | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- | -- | -- | 10.00 | -- | -- | -- |
| Total Current Assets | 10.98 | 20.78 | 10.91 | 13.24 | 59.37 | 66.17 | 88.42 | 120.48 | 133.45 | 183.47 | 200.73 | 148.91 | 176.56 | 194.03 | 203.93 |
| Property, Plant & Equipment | -- | 0.00 | 0.00 | 0.01 | 1.06 | 1.14 | 1.23 | 1.37 | 1.46 | 1.44 | 1.41 | 1.62 | 1.57 | 1.64 | 1.66 |
| Total Non-current Assets* | 46.81 | 0.00 | 72.03 | 100.10 | 11.89 | 12.37 | 12.83 | 13.70 | 14.15 | 10.96 | 8.74 | 14.68 | 9.56 | 9.85 | 10.08 |
| Total Assets | 57.79 | 20.78 | 82.94 | 113.34 | 71.26 | 78.54 | 101.25 | 134.19 | 147.60 | 194.43 | 209.46 | 163.58 | 186.12 | 203.88 | 214.01 |
| Accounts Payable | 0.25 | 0.18 | 0.33 | 0.50 | 3.18 | 1.38 | 3.22 | 4.39 | 4.07 | 8.26 | 6.26 | 8.42 | 5.57 | 5.56 | 6.38 |
| Total Current Liabilities | 0.95 | 1.24 | 1.09 | 1.07 | 9.62 | 8.04 | 8.56 | 23.62 | 22.65 | 23.96 | 22.67 | 23.44 | 33.38 | 37.01 | 31.49 |
| Total Non-current Liabilities* | 0.00 | 0.00 | 0.00 | 0.00 | 10.62 | 11.01 | 11.33 | 76.21 | 76.57 | 102.67 | 113.46 | 102.84 | 107.78 | 93.37 | 100.20 |
| Total Liabilities | 0.95 | 1.24 | 1.09 | 1.07 | 20.23 | 19.05 | 19.89 | 99.83 | 99.23 | 126.62 | 136.13 | 126.28 | 141.16 | 130.38 | 131.68 |
| Retained Earnings | (462.30) | (401.48) | (438.60) | (407.80) | (369.81) | (360.69) | (349.62) | (395.97) | (380.53) | (358.10) | (349.37) | (390.78) | (322.09) | (290.78) | (279.33) |
| Total Stockholder Equity | 56.84 | 19.54 | 81.85 | 112.27 | 51.03 | 59.49 | 81.36 | 34.35 | 48.37 | 67.81 | 73.33 | 37.31 | 44.96 | 73.50 | 82.33 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q3
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Total Revenue | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 65.30 | 1.46 | 5.89 | 32.74 | 11.41 | 9.69 | 11.83 | 8.73 | 19.38 | 2.42 | 9.17 | 3.83 |
| Cost of Revenue* | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 27.29 | 0.00 | 0.00 | 0.00 | 0.41 | 0.49 | 0.51 |
| Gross Profit | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (17.60) | 11.83 | 7.76 | 19.38 | 2.01 | 8.67 | 3.33 |
| Research & Development | 0.03 | 0.08 | 0.37 | 0.05 | 0.01 | 3.94 | 5.22 | 3.91 | 3.49 | 2.57 | 15.10 | 15.31 | 21.84 | 22.32 | 21.53 | 19.46 | 16.29 | 17.88 | 22.22 | 13.00 |
| Selling, General & Admin | 2.74 | 2.80 | 2.40 | 3.31 | 3.10 | 4.14 | 4.61 | 8.02 | 6.53 | 9.97 | 7.18 | 8.50 | 5.77 | 8.93 | 7.93 | 7.49 | 6.63 | 6.22 | 5.65 | 5.92 |
| Total Operating Expenses | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 13.57 | 29.46 | 27.86 | 22.93 | 24.10 | 27.87 | 18.91 |
| Operating Income | (21.61) | (2.88) | (2.77) | (29.87) | (3.74) | (18.98) | (9.83) | (11.93) | 55.28 | (11.08) | (16.39) | 8.93 | (16.20) | (21.56) | (17.62) | (18.22) | (3.55) | (22.09) | (19.20) | (15.59) |
| Net Income | (23.69) | (2.69) | (2.57) | (30.80) | (3.64) | (18.41) | (9.13) | (11.06) | 56.37 | (10.19) | (15.44) | 10.25 | (16.06) | (8.72) | (12.16) | (16.62) | 3.55 | (31.31) | (11.45) | (2.09) |
| Basic EPS | (0.66) | (0.40) | (0.39) | (0.82) | (0.12) | (2.76) | (1.37) | (1.66) | 8.46 | (1.51) | (2.32) | 0.08 | (0.21) | (0.07) | (0.10) | (0.12) | (0.05) | (0.28) | (0.10) | (0.02) |
| Diluted EPS | (0.66) | (0.40) | (0.39) | (0.82) | (0.12) | (2.76) | (1.37) | (1.66) | 8.46 | (1.51) | (2.32) | 0.08 | (0.21) | (0.07) | (0.14) | (0.12) | (0.11) | (0.28) | (0.16) | (0.13) |
* Derived from reported values
Cash Flow Statement
(in millions USD)| Metric | Q3
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Operating Cash Flow | (7.96) | (2.46) | (18.38) | (1.93) | (4.51) | (18.00) | (2.93) | (11.05) | (18.49) | (11.30) | (12.13) | (29.05) | (15.50) | (16.95) | (16.29) | (14.78) | (11.26) | (15.65) | 4.05 | (9.11) |
| Capital Expenditures | -- | 0.00 | 0.00 | 0.00 | -- | -- | -- | -- | 0.00 | -- | -- | -- | 0.31 | 0.11 | 0.06 | 0.06 | 0.01 | 0.00 | 0.06 | 0.64 |
| Free Cash Flow* | -- | (2.46) | (18.38) | (1.93) | -- | -- | -- | -- | (18.49) | -- | -- | -- | (15.81) | (17.07) | (16.35) | (14.84) | (11.26) | (15.65) | 3.99 | (9.76) |
| Investing Cash Flow | (97.33) | 0.00 | 35.15 | 0.57 | (100.00) | 19.54 | 0.12 | 24.52 | 4.96 | 19.40 | 10.03 | 24.27 | 20.11 | 15.16 | (28.38) | 13.74 | 9.99 | 15.39 | (5.14) | 4.48 |
| Financing Cash Flow | 94.82 | 0.00 | (96.61) | 0.01 | 96.61 | (0.21) | 0.00 | (11.66) | 0.00 | 0.00 | 0.00 | (0.04) | 0.02 | 0.36 | 48.67 | (0.04) | 0.07 | 0.13 | 0.02 | 3.26 |
* Derived from reported values
Dividends Per Share
(USD)| Metric | Q2
2024 |
|---|
| Dividends Per Share | 1.75 |
