Financial Statements — LRMR
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 | Q1 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 92.69 | 177.91 | 90.14 | 20.59 | 21.13 | 35.07 | 32.31 | 110.13 | 38.72 | 94.32 | 111.52 | 86.05 | 19.74 | 62.56 | 71.53 | 70.63 | 62.19 |
| Total Current Assets | 160.67 | 204.98 | 183.22 | 145.56 | 165.49 | 213.26 | 231.13 | 230.95 | 98.48 | 106.48 | 113.46 | 127.13 | 56.74 | 64.88 | 81.25 | 74.04 | 86.13 |
| Property, Plant & Equipment | 0.64 | 0.56 | 0.71 | 0.80 | 0.86 | 0.78 | 0.84 | 0.60 | 0.60 | 0.68 | 0.75 | 0.91 | 0.99 | 1.07 | 1.14 | 1.21 | 1.00 |
| Total Non-current Assets* | 4.63 | 3.53 | 4.13 | 4.43 | 4.69 | 5.77 | 6.03 | 17.25 | 5.47 | 5.24 | 5.44 | 5.89 | 6.11 | 6.34 | 6.69 | 6.90 | 6.89 |
| Total Assets | 165.30 | 208.51 | 187.35 | 149.99 | 170.18 | 219.02 | 237.16 | 248.21 | 103.95 | 111.72 | 118.91 | 133.01 | 62.85 | 71.22 | 87.94 | 80.93 | 93.02 |
| Accounts Payable | 7.60 | 8.58 | 11.10 | 4.17 | 2.27 | 1.69 | 2.92 | 1.92 | 0.76 | 2.34 | 0.70 | 0.85 | 0.43 | 2.42 | 1.77 | 1.46 | 3.23 |
| Total Current Liabilities | 34.17 | 47.76 | 45.12 | 26.65 | 22.13 | 16.29 | 21.16 | 12.84 | 6.56 | 7.28 | 8.01 | 9.42 | 7.72 | 8.87 | 10.31 | 7.69 | 8.38 |
| Total Non-current Liabilities* | 3.75 | 2.72 | 3.20 | 3.49 | 3.77 | 4.34 | 4.60 | 4.52 | 4.68 | 4.51 | 4.66 | 4.93 | 5.08 | 5.25 | 5.57 | 5.72 | 5.86 |
| Total Liabilities | 37.92 | 50.48 | 48.31 | 30.13 | 25.90 | 20.62 | 25.76 | 17.36 | 11.24 | 11.79 | 12.67 | 14.35 | 12.80 | 14.12 | 15.87 | 13.41 | 14.24 |
| Retained Earnings | (497.23) | (464.44) | (372.33) | (324.62) | (298.44) | (240.33) | (224.83) | (203.21) | (175.56) | (166.50) | (158.13) | (142.18) | (133.86) | (125.19) | (107.12) | (90.31) | (77.70) |
| Total Stockholder Equity | 127.38 | 158.03 | 139.04 | 119.85 | 144.27 | 198.40 | 211.40 | 230.84 | 92.71 | 99.93 | 106.24 | 118.66 | 50.06 | 57.11 | 72.07 | 67.53 | 78.78 |
* 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Research & Development | 28.00 | 25.03 | 59.37 | 44.93 | 23.37 | 26.55 | 26.74 | 13.92 | 19.68 | 12.94 | 10.65 | 6.59 | 5.88 | 4.56 | 7.22 | 5.58 | 5.64 | 5.81 | 6.29 | 14.03 |
| Selling, General & Admin | 6.35 | 6.09 | 4.64 | 4.57 | 4.42 | 4.64 | 4.56 | 4.35 | 4.92 | 3.80 | 3.51 | 3.75 | 3.75 | 3.08 | 3.22 | 2.93 | 3.04 | 3.08 | 2.79 | 2.70 |
| Total Operating Expenses | 34.35 | 31.12 | 64.02 | 49.50 | 27.79 | 31.19 | 31.29 | 18.26 | 24.60 | 16.73 | 14.16 | 10.34 | 9.62 | 7.64 | 10.44 | 8.51 | 8.69 | 8.89 | 9.09 | 16.73 |
| Operating Income | (34.35) | (31.12) | (64.02) | (49.50) | (27.79) | (31.19) | (31.29) | (18.26) | (24.60) | (16.73) | (14.16) | (10.34) | (9.62) | (7.64) | (10.44) | (8.51) | (8.69) | (8.89) | (9.09) | (16.73) |
| Pretax Income* | -- | -- | (62.50) | (47.71) | (26.18) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Tax Provision | -- | -- | 0.00 | 0.00 | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net Income | (32.78) | (29.61) | (62.50) | (47.71) | (26.18) | (29.28) | (28.82) | (15.50) | (21.63) | (14.65) | (12.99) | (9.06) | (8.37) | (6.53) | (9.43) | (8.32) | (8.67) | (8.94) | (9.13) | (16.80) |
| Basic EPS | -- | -- | -- | (0.61) | (0.41) | (0.46) | (0.47) | (0.24) | (0.34) | (0.27) | (0.29) | (0.21) | (0.19) | (0.15) | (0.04) | (0.37) | (0.47) | (0.49) | (0.47) | (0.92) |
| Diluted EPS | -- | -- | -- | (0.61) | (0.41) | (0.46) | (0.47) | (0.24) | (0.34) | (0.27) | (0.29) | (0.21) | (0.19) | (0.15) | (0.04) | (0.37) | (0.47) | (0.49) | (0.47) | (0.92) |
* Derived from reported values
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 | (44.03) | (44.61) | -- | -- | (19.38) | (26.54) | (21.81) | (24.55) | (13.99) | (10.41) | (9.34) | (9.20) | (7.36) | (7.55) | (6.67) | (5.88) | (7.49) | (7.53) | (7.92) | (12.20) |
| Capital Expenditures | 0.13 | -- | 0.00 | 0.02 | 0.02 | 0.05 | 0.18 | 0.06 | 0.27 | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.10 | -- | 0.01 | 0.29 |
| Free Cash Flow* | (44.16) | -- | -- | -- | (19.40) | (26.59) | (21.99) | (24.61) | (14.26) | -- | -- | -- | -- | -- | (6.67) | (5.88) | (7.59) | -- | (7.93) | (12.49) |
| Investing Cash Flow | (40.91) | 29.00 | -- | -- | 18.84 | 14.45 | 19.20 | 27.27 | (63.49) | (68.36) | (2.63) | (46.43) | (9.84) | 92.25 | (52.23) | (3.38) | (35.34) | -- | 6.49 | (6.79) |
| Financing Cash Flow | (0.43) | 108.12 | -- | -- | 0.00 | -- | 0.04 | 0.03 | (0.33) | 162.15 | 0.00 | 0.03 | -- | -- | (0.32) | 75.57 | -- | -- | 0.00 | 19.89 |
* Derived from reported values