Financial Statements — LUCD
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | -- | -- | 47.33 | 31.12 | 25.24 | 14.49 | 24.92 | 24.77 | 24.05 | 32.57 | 39.52 | 26.93 | -- | -- | -- |
| Accounts Receivable | 1.09 | 0.69 | 0.55 | 0.37 | 0.06 | 0.04 | 0.16 | 0.05 | 0.02 | 0.04 | 0.03 | 0.03 | -- | 0.09 | 0.20 |
| Inventory | 0.48 | 0.47 | 0.49 | 0.51 | 0.48 | 0.65 | 0.68 | 0.41 | -- | -- | -- | -- | -- | -- | -- |
| Total Current Assets | 36.62 | 31.36 | 49.84 | 33.83 | 27.54 | 16.82 | 27.95 | 27.58 | 27.30 | 35.75 | 41.72 | 29.85 | 35.88 | 52.33 | 2.50 |
| Property, Plant & Equipment | 0.81 | 0.91 | 0.86 | 0.95 | 1.04 | 0.94 | 1.05 | 1.24 | 1.28 | 1.39 | 1.50 | 1.50 | 1.27 | 1.10 | -- |
| Intangible Assets | 0.11 | 0.21 | 0.42 | 0.53 | 0.63 | 0.84 | 0.95 | 1.05 | 1.93 | 2.44 | 2.94 | 3.95 | 4.46 | 5.71 | -- |
| Total Non-current Assets* | 2.32 | 2.72 | 3.36 | 4.84 | 5.26 | 5.77 | 6.17 | 4.47 | 5.94 | 6.74 | 7.40 | 8.53 | 9.53 | 9.73 | 0.79 |
| Total Assets | 38.95 | 34.08 | 53.20 | 38.67 | 32.80 | 22.60 | 34.11 | 32.05 | 33.24 | 42.49 | 49.13 | 38.38 | 45.40 | 62.06 | 3.30 |
| Accounts Payable | 0.67 | 1.08 | 0.75 | 0.83 | 0.83 | 1.14 | 0.90 | 0.97 | 0.99 | 0.64 | 0.63 | 1.10 | 2.41 | 4.46 | 0.31 |
| Total Current Liabilities | 27.52 | 29.39 | 26.21 | 29.43 | 36.57 | 14.25 | 15.98 | 19.98 | 30.22 | 26.68 | 23.39 | 9.70 | 7.88 | 14.11 | -- |
| Long-term Debt | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 24.28 |
| Total Non-current Liabilities* | 0.50 | 0.70 | 1.16 | 1.38 | 1.60 | 2.01 | 2.15 | 0.18 | 0.46 | 0.73 | 0.83 | 1.14 | 1.28 | 1.46 | -- |
| Total Liabilities | 28.02 | 30.08 | 27.36 | 30.81 | 38.17 | 16.26 | 18.13 | 20.15 | 30.69 | 27.42 | 24.22 | 10.84 | 9.16 | 15.57 | 27.43 |
| Retained Earnings | (312.68) | (297.96) | (258.07) | (247.67) | (239.78) | (192.22) | (179.85) | (168.85) | (139.91) | (125.70) | (114.32) | (83.15) | (68.80) | (54.17) | (30.60) |
| Total Stockholder Equity | 10.93 | 4.00 | 25.84 | 7.86 | (5.38) | 6.34 | 15.98 | 11.89 | 2.56 | 15.07 | 24.91 | 27.53 | 36.24 | 46.49 | (24.13) |
* 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 | 1.47 | 1.26 | 1.50 | 1.21 | 1.16 | 0.83 | 1.20 | 1.17 | 0.98 | 1.00 | 1.04 | 0.78 | 0.16 | 0.45 | 0.11 | 0.08 | 0.00 | 0.19 | 0.30 | 0.20 |
| Cost of Revenue* | 1.45 | 1.63 | -- | -- | 1.56 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 100.00 | 0.37 | 0.44 | 0.14 |
| Gross Profit | 0.03 | (0.37) | -- | -- | (0.40) | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.11 | 0.08 | 0.00 | (0.18) | (0.14) | 0.06 |
| Research & Development | 1.19 | 1.21 | 1.72 | 1.27 | 1.25 | 1.43 | 1.45 | 1.67 | 1.37 | 1.50 | 1.53 | 1.62 | 1.83 | 2.28 | 2.44 | 2.70 | 3.44 | 2.88 | 3.48 | 2.19 |
| Selling, General & Admin | 5.76 | 5.43 | 6.48 | 5.61 | 5.62 | 6.16 | 5.86 | 5.36 | 4.87 | 4.07 | 4.59 | 4.32 | 3.83 | 6.51 | 5.00 | 5.66 | 7.31 | 5.72 | 5.05 | 3.40 |
| Total Operating Expenses | 12.83 | 11.75 | 8.84 | 12.97 | 12.55 | 13.32 | 13.57 | 12.87 | 12.17 | 11.79 | 12.49 | 11.91 | 11.74 | 14.76 | 15.58 | 14.43 | 14.62 | 11.92 | 11.10 | 6.57 |
| Operating Income | (12.80) | (12.11) | (14.01) | (11.76) | (11.38) | (12.49) | (12.37) | (11.69) | (11.19) | (10.79) | (11.45) | (11.13) | (11.58) | (14.32) | (15.10) | (14.35) | (14.62) | (12.10) | (11.24) | (6.51) |
| Interest Expense | -- | -- | -- | 0.00 | 0.01 | 0.01 | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 | 0.15 | 0.22 | 0.03 | -- | -- | -- | -- | -- | -- |
| Pretax Income | (11.69) | (13.91) | (16.27) | (10.40) | (4.44) | (26.91) | (11.54) | (12.37) | (11.00) | (10.61) | (10.83) | (14.21) | (11.38) | (16.25) | (14.93) | (14.35) | (14.62) | (12.27) | (11.31) | (6.96) |
| Tax Provision | 0.00 | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net Income | (11.69) | (13.91) | (16.27) | (10.40) | (4.44) | (26.91) | (11.54) | (12.37) | (11.00) | (10.61) | (10.83) | (14.21) | (11.38) | (16.25) | (14.93) | (14.35) | (14.62) | (12.27) | (11.31) | (6.96) |
| Basic EPS | (0.08) | (0.17) | 0.01 | (0.10) | (0.08) | (0.52) | (0.17) | (0.25) | (0.23) | (0.40) | (0.25) | (0.34) | (0.27) | (0.40) | (0.40) | (0.39) | (0.41) | (0.35) | -- | -- |
| Diluted EPS | -- | -- | -- | (0.10) | (0.08) | (0.52) | (0.17) | (0.25) | (0.23) | (0.40) | (0.25) | (0.34) | (0.27) | -- | -- | -- | -- | -- | -- | -- |
* 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 | (11.30) | (12.10) | (12.58) | (10.89) | (10.55) | (12.46) | (9.87) | (10.18) | (11.48) | (12.61) | (9.98) | (8.78) | (7.01) | (7.04) | (4.26) | (6.35) | (13.30) | (5.78) | (9.88) | (7.79) |
| Capital Expenditures | 0.02 | 0.22 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.02 | 2.50 | 0.32 | 0.24 | 0.15 | 0.82 | 0.04 |
| Free Cash Flow* | (11.32) | (12.32) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (7.06) | (6.75) | (6.67) | (13.54) | (5.92) | (10.70) | (7.83) |
| Investing Cash Flow | (0.02) | (0.21) | (0.05) | (0.03) | (0.02) | (0.09) | (0.26) | (0.35) | 0.00 | (0.04) | (0.17) | (0.01) | (0.01) | (0.02) | (0.20) | (1.32) | (2.44) | (0.15) | (0.82) | (0.04) |
| Financing Cash Flow | 16.85 | 5.49 | 0.00 | 27.13 | 16.46 | 15.44 | 18.00 | 0.09 | 11.63 | 18.52 | 5.00 | 0.28 | 0.08 | 24.11 | 0.00 | 1.92 | 0.50 | 0.19 | 64.34 | 7.74 |
* Derived from reported values