Financial Statements — LRDC
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 | 0.26 | 0.53 | 0.23 | 0.03 | 0.01 | 0.11 | 0.00 | 0.04 | 0.00 | 0.01 | 0.10 | 0.12 | 0.15 | 0.33 | 0.82 | 1.87 | 1.04 | 0.95 |
| Accounts Receivable | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.03 | 0.15 | -- | -- | -- |
| Total Current Assets | 0.35 | 0.63 | 0.48 | 1.68 | 1.93 | 2.03 | 2.33 | 0.07 | 0.21 | 0.04 | -- | 0.14 | 1.02 | 1.57 | 1.15 | 2.04 | 1.08 | 1.27 |
| Property, Plant & Equipment | 1.06 | 1.06 | 1.10 | 3.76 | 2.97 | 2.60 | 4.71 | 4.68 | 4.64 | 4.58 | 4.54 | 4.45 | 1.35 | 1.04 | 0.91 | 0.68 | -- | -- |
| Total Non-current Assets* | 1.07 | 1.07 | 1.12 | 3.80 | 3.01 | 2.64 | 4.94 | 4.98 | 4.94 | 4.95 | -- | 4.86 | 1.70 | 1.39 | 1.25 | 1.02 | 0.39 | 0.45 |
| Total Assets | 1.42 | 1.70 | 1.60 | 5.47 | 4.94 | 4.67 | 7.26 | 5.05 | 5.15 | 4.99 | -- | 5.00 | 2.72 | 2.96 | 2.40 | 3.06 | 1.46 | 1.72 |
| Accounts Payable | 2.28 | 2.13 | 2.12 | 2.45 | 2.59 | 2.56 | 2.04 | 2.05 | 2.18 | 1.92 | -- | 1.68 | 0.30 | 0.09 | 0.19 | 0.22 | 0.08 | 0.08 |
| Total Current Liabilities | 14.72 | 14.02 | 13.84 | 16.26 | 15.35 | 14.79 | 12.19 | 9.82 | 10.10 | 9.01 | -- | 6.93 | 4.03 | 3.74 | 2.56 | 2.14 | 2.59 | 3.23 |
| Long-term Debt | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.61 | 1.23 | 1.23 |
| Total Non-current Liabilities* | 0.94 | 0.95 | 1.10 | 1.09 | 1.10 | 1.12 | 0.98 | 0.99 | 0.53 | 0.68 | 1.38 | 1.46 | 1.01 | 1.10 | 1.18 | 2.80 | 1.17 | 0.55 |
| Total Liabilities | 15.65 | 14.97 | 14.94 | 17.35 | 16.45 | 15.90 | 13.16 | 10.81 | 10.63 | 9.69 | -- | 8.39 | 5.04 | 4.84 | 3.75 | 4.94 | 3.75 | 3.78 |
| Retained Earnings | (31.39) | (30.17) | (26.86) | (24.42) | (24.01) | (23.19) | (17.22) | (16.88) | (16.20) | (14.29) | -- | (12.84) | (11.19) | (10.74) | (10.20) | (10.73) | (11.14) | (10.91) |
| Total Stockholder Equity* | (14.24) | (13.26) | (13.34) | (11.88) | (11.51) | (11.23) | (5.90) | (5.76) | (5.48) | (4.70) | -- | (3.39) | (2.32) | (1.88) | (1.35) | (1.88) | (2.29) | (2.06) |
* Derived from reported values
Income Statement
(in millions USD)| Metric | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.29 | -- | 0.00 | 0.10 | 0.29 | 0.29 | 0.29 | 1.38 |
| Cost of Revenue* | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- | -- | 0.37 | -- | -- | (0.25) | 0.37 | 0.57 | 0.59 | 0.56 | 1.23 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | -- | -- | -- | (0.28) | -- | -- | 0.25 | (0.28) | (0.29) | (0.31) | (0.28) | 0.15 |
| Research & Development | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 1.50 | -- | -- | -- | -- |
| Selling, General & Admin | 0.63 | 2.63 | 0.56 | 0.46 | 0.45 | 0.46 | 0.46 | 0.46 | 0.69 | 1.18 | 0.52 | 0.41 | 0.47 | 0.59 | 0.94 | 0.07 | 0.11 | 0.06 | 0.05 | 0.02 |
| Total Operating Expenses | 1.07 | 2.97 | 0.69 | 1.35 | 0.60 | 0.71 | 0.67 | 0.56 | 0.77 | 1.35 | 0.63 | 0.59 | 0.62 | 0.93 | 1.05 | 0.15 | 0.22 | 0.16 | 0.12 | 0.10 |
| Operating Income | (1.07) | (2.96) | (0.69) | (1.35) | (0.60) | (0.71) | (0.66) | (0.55) | (0.77) | (1.35) | (0.63) | (0.59) | (0.62) | (0.93) | (0.80) | (0.43) | (0.50) | (0.47) | (0.40) | 0.05 |
| Interest Expense | 0.15 | 0.31 | 0.28 | 0.13 | 0.12 | 0.10 | 0.13 | 0.11 | 0.10 | 0.10 | 0.16 | 0.10 | 0.10 | 0.08 | 0.09 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 |
| Net Income | (1.22) | (3.31) | (0.95) | (1.48) | (0.42) | (0.82) | (0.47) | (0.34) | (0.69) | (1.12) | (0.79) | (0.70) | (1.62) | -- | (0.79) | (0.45) | (0.54) | 0.88 | (0.36) | 0.41 |
* Derived from reported values
Cash Flow Statement
(in millions USD)| Metric | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | 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 | (0.25) | (0.65) | (0.86) | 1.85 | (2.64) | (0.60) | (0.25) | (0.19) | (0.22) | (0.07) | (0.34) | (0.42) | (0.48) | (0.40) | (0.40) | (0.06) | (0.47) | (0.27) | (0.63) | (0.55) |
| Capital Expenditures | -- | -- | -- | 1.88 | (0.76) | 0.30 | 1.76 | 0.04 | 0.06 | 0.06 | 0.00 | 0.00 | 0.00 | 0.00 | 0.76 | 0.32 | 0.18 | 0.10 | 0.04 | 0.23 |
| Free Cash Flow* | -- | -- | -- | (0.03) | (1.89) | (0.90) | (2.01) | (0.23) | (0.28) | (0.14) | (0.34) | (0.42) | (0.48) | (0.40) | (1.16) | (0.38) | (0.65) | (0.37) | (0.67) | (0.78) |
| Investing Cash Flow | (0.02) | -- | -- | (2.51) | 1.38 | (0.30) | (1.76) | (0.04) | 0.11 | (0.06) | (0.02) | 0.01 | (0.04) | (0.95) | (0.82) | (0.32) | (0.18) | (0.10) | (0.02) | 0.15 |
| Financing Cash Flow | 1.79 | -- | 1.00 | (0.61) | 0.92 | 0.85 | 1.96 | 2.08 | 0.14 | 0.13 | 0.36 | 0.32 | 0.50 | 1.36 | 0.33 | 0.04 | 1.16 | -- | (0.01) | 1.23 |
* Derived from reported values