Financial Statements — LSF
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 | 22.97 | 10.25 | 5.08 | 3.93 | 6.99 | 7.91 | 7.65 | 7.10 | 7.14 | 10.48 | 11.79 | 20.92 | 24.44 | 27.16 | 30.93 | 34.71 | 51.50 |
| Accounts Receivable | 10.78 | 6.90 | 1.98 | 2.75 | 2.32 | 1.81 | 1.17 | 2.06 | 2.19 | 1.81 | 2.91 | 1.55 | 1.18 | 1.26 | 0.96 | 0.79 | 0.77 |
| Inventory | 28.27 | 17.34 | 9.98 | 11.03 | 9.51 | 6.16 | 6.40 | 5.63 | 6.55 | 5.86 | 5.39 | 8.82 | 8.74 | 9.86 | 10.34 | 10.78 | 7.69 |
| Total Current Assets | 65.33 | 37.49 | 18.39 | 19.22 | 20.21 | 17.34 | 16.53 | 16.05 | 17.60 | 19.90 | 22.90 | 33.28 | 37.35 | 41.73 | 53.37 | 57.80 | 72.29 |
| Property, Plant & Equipment | 2.72 | 0.09 | 0.06 | 0.09 | 0.11 | 0.08 | 0.10 | 0.10 | 0.14 | 0.16 | 0.23 | 4.21 | 4.38 | 4.50 | 4.14 | 3.79 | 3.50 |
| Goodwill | 31.82 | 16.70 | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 6.49 | 6.49 | -- |
| Intangible Assets | 42.00 | 19.92 | 0.12 | 0.82 | 0.85 | 0.94 | 0.99 | 1.03 | 1.14 | 1.19 | 1.24 | 2.97 | 3.08 | 3.03 | 4.83 | 4.94 | -- |
| Total Non-current Assets* | 80.38 | 37.39 | 0.46 | 1.21 | 1.28 | 1.41 | 1.51 | 1.59 | 1.79 | 1.89 | 2.06 | 14.28 | 14.87 | 16.00 | 18.02 | 17.86 | 6.32 |
| Total Assets | 145.72 | 74.88 | 18.86 | 20.43 | 21.49 | 18.75 | 18.04 | 17.65 | 19.39 | 21.79 | 24.95 | 47.56 | 52.21 | 57.73 | 71.39 | 75.66 | 78.61 |
| Accounts Payable | 0.03 | 0.05 | 3.25 | 4.07 | 4.69 | 1.68 | 1.94 | 1.72 | 1.87 | 2.28 | 2.39 | 0.83 | 0.41 | 0.97 | 1.55 | 1.57 | 1.60 |
| Total Current Liabilities | 21.45 | 11.74 | 5.98 | 6.96 | 8.04 | 5.54 | 5.25 | 4.76 | 6.12 | 6.19 | 6.11 | 5.69 | 4.95 | 5.32 | 3.55 | 3.65 | 3.47 |
| Long-term Debt | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.05 | 0.05 | 0.05 |
| Total Non-current Liabilities* | 2.99 | 0.28 | 0.07 | 0.09 | 0.12 | 0.16 | 0.18 | 0.21 | 0.28 | 0.31 | 0.33 | 4.13 | 4.27 | 4.41 | 0.14 | 0.09 | 0.05 |
| Total Liabilities | 24.44 | 12.02 | 6.05 | 7.05 | 8.16 | 5.70 | 5.43 | 4.97 | 6.39 | 6.50 | 6.44 | 9.82 | 9.22 | 9.73 | 3.69 | 3.74 | 3.52 |
| Retained Earnings | (111.42) | (109.62) | (109.61) | (108.64) | (108.27) | (107.72) | (107.55) | (107.31) | (106.44) | (103.79) | (100.28) | (80.58) | (74.84) | (69.94) | (48.91) | (43.56) | (37.26) |
| Total Stockholder Equity | 11.03 | 13.52 | 12.81 | 13.37 | 13.33 | 13.05 | 12.60 | 12.68 | 13.00 | 15.29 | 18.51 | 37.74 | 42.99 | 48.00 | 67.70 | 71.92 | 75.09 |
* 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 |
|---|
| Total Revenue | 41.29 | 13.94 | 13.35 | 12.90 | 11.99 | 11.65 | 11.61 | 11.78 | 10.00 | 9.91 | 9.21 | 9.18 | 7.72 | 8.11 | 8.97 | 8.84 | 8.67 | 9.34 | 9.32 | 10.87 |
| Cost of Revenue | 28.78 | 9.30 | 8.80 | 8.19 | 7.21 | 6.77 | 7.12 | 6.71 | 5.83 | 5.94 | 5.49 | 6.33 | 5.85 | 6.24 | 9.38 | 6.77 | 7.10 | 7.39 | 7.15 | 7.67 |
| Gross Profit | 12.52 | 4.64 | 4.55 | 4.70 | 4.78 | 4.88 | 4.48 | 5.06 | 4.18 | 3.96 | 3.72 | 2.85 | 1.88 | 1.87 | (0.41) | 2.07 | 1.58 | 1.95 | 2.17 | 3.20 |
| Research & Development | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.01 | 0.04 | 0.08 | 0.08 | 0.09 | 0.12 | 0.12 | 0.10 | 0.17 | 0.24 |
| Selling, General & Admin | 7.25 | 3.88 | 3.08 | 2.70 | 2.20 | 2.24 | 2.37 | 2.62 | 2.15 | 2.16 | 1.75 | 2.21 | 2.62 | 3.00 | 11.75 | 4.38 | 2.64 | 11.83 | 4.40 | 4.25 |
| Total Operating Expenses | 14.38 | 7.66 | 6.35 | 5.70 | 5.18 | 5.10 | 4.96 | 5.33 | 4.52 | 5.05 | 3.67 | 5.63 | 5.53 | 6.18 | 15.25 | 7.89 | 6.50 | 15.90 | 9.19 | 8.51 |
| Operating Income | (1.86) | (3.02) | (1.80) | (1.00) | (0.40) | (0.22) | (0.48) | (0.27) | (0.34) | (1.09) | 0.05 | (2.79) | (3.66) | (4.30) | (15.66) | (5.82) | (4.93) | (13.95) | (7.02) | (5.31) |
| Pretax Income | (1.81) | (2.97) | (1.77) | (0.97) | (0.35) | (0.14) | (0.39) | (0.16) | (0.24) | (0.98) | 0.14 | (2.65) | (3.51) | (4.13) | (15.54) | (5.74) | (4.90) | (14.13) | (6.95) | (5.30) |
| Tax Provision | -0.00 | (4.73) | (0.01) | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.04 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.01 | (0.10) | 0.05 |
| Net Income | (1.81) | 1.75 | (1.76) | (0.98) | (0.36) | (0.16) | (0.40) | (0.17) | (0.24) | (1.02) | 0.14 | (2.65) | (3.51) | (4.14) | (15.56) | (5.74) | (4.90) | (14.14) | (6.89) | (5.35) |
| Basic EPS | (0.25) | 0.12 | (0.17) | (0.09) | (0.03) | (0.02) | (0.03) | (0.02) | (0.02) | (0.11) | 0.02 | (0.28) | (0.38) | (0.45) | (1.69) | (0.63) | (0.54) | (1.55) | (0.77) | (0.59) |
| Diluted EPS | (0.25) | 0.11 | -- | -- | -- | -- | -- | -- | -- | -- | 0.02 | (0.28) | (0.38) | (0.45) | (1.69) | (0.63) | (0.54) | (1.55) | (0.77) | (0.59) |
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 | 1.45 | (3.83) | 0.07 | 1.25 | (2.83) | (1.27) | 0.34 | 0.31 | 0.64 | (0.42) | 0.16 | (3.47) | (1.41) | (6.05) | (3.18) | (3.60) | (3.93) | (3.60) | (7.85) | (3.29) |
| Capital Expenditures | 0.04 | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.02 | 0.02 | 0.42 | 0.70 | 0.52 | 0.52 |
| Free Cash Flow* | 1.41 | (3.84) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (3.19) | (3.61) | (4.35) | (4.30) | (8.37) | (3.81) |
| Investing Cash Flow | (48.71) | (40.21) | -0.00 | 0.00 | (0.01) | (0.07) | (0.01) | (0.01) | (0.01) | 0.00 | 0.12 | 0.32 | 0.11 | 0.14 | (0.01) | 0.07 | 1.10 | 7.81 | (0.55) | (0.60) |
| Financing Cash Flow | 59.94 | 49.24 | (0.03) | (0.16) | (0.14) | -0.00 | (0.02) | 0.07 | (0.09) | 0.00 | -0.00 | -0.00 | (0.01) | -0.00 | (0.02) | 0.00 | 0.11 | 0.01 | 0.39 | 0.09 |
* Derived from reported values
