Financial Statements — LVO
Balance Sheet
(in millions USD)| Metric | Q1 2027 | Q3 2025 | Q2 2025 | Q1 2025 | Q1 2024 | Q3 2023 | Q2 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 8.63 | 8.62 | 11.72 | 11.89 | 4.99 | 6.25 | 3.61 | 12.40 | 16.48 | 11.09 | 17.35 | 20.74 | 24.57 |
| Accounts Receivable | 8.83 | 9.85 | 7.65 | 8.33 | 16.00 | 16.06 | 17.18 | 17.87 | 15.04 | 12.71 | 16.21 | 8.56 | 12.75 |
| Inventory | 0.73 | 1.42 | 1.46 | 1.16 | 2.45 | 2.09 | 2.28 | 2.90 | 2.92 | 2.72 | 2.75 | -- | 2.39 |
| Total Current Assets | 21.77 | 21.20 | 22.31 | 22.95 | 26.83 | 26.16 | 26.23 | 35.54 | 41.56 | 28.47 | 39.40 | 33.48 | 42.85 |
| Property, Plant & Equipment | 3.24 | 3.21 | 2.52 | 1.77 | 3.14 | 3.63 | 2.99 | 4.75 | 4.70 | 4.56 | 4.23 | 3.62 | 4.61 |
| Goodwill | 21.71 | 21.71 | 21.71 | 21.71 | 23.38 | 23.38 | 23.38 | 23.38 | 22.92 | 23.38 | 24.08 | 21.52 | 22.92 |
| Intangible Assets | 1.03 | 1.32 | 1.51 | 1.65 | 6.15 | 7.90 | 8.00 | 13.54 | 14.89 | 10.68 | 17.76 | 17.68 | 16.41 |
| Total Non-current Assets* | 26.96 | 31.06 | 31.51 | 25.99 | 37.56 | 39.67 | 39.17 | 47.11 | 48.03 | 43.91 | 51.84 | 47.53 | 49.54 |
| Total Assets | 48.73 | 52.26 | 53.82 | 48.94 | 64.39 | 65.83 | 65.40 | 82.64 | 89.58 | 72.38 | 91.25 | 81.01 | 92.39 |
| Accounts Payable | 28.51 | 30.56 | 29.14 | 26.26 | 25.95 | 23.75 | 24.99 | 43.40 | 38.04 | 36.30 | 30.70 | 20.74 | 38.28 |
| Total Current Liabilities | 34.95 | 39.26 | 35.45 | 33.96 | 50.86 | 47.68 | 46.66 | 57.87 | 59.18 | 54.19 | 47.55 | 45.30 | 54.98 |
| Long-term Debt | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 7.97 |
| Total Non-current Liabilities* | 18.82 | 23.55 | 26.38 | 27.08 | 10.99 | 8.96 | 10.42 | 27.62 | 27.78 | 27.96 | 28.27 | 22.52 | 30.89 |
| Total Liabilities | 53.77 | 62.81 | 61.83 | 61.03 | 61.85 | 56.64 | 57.08 | 85.49 | 86.96 | 82.15 | 75.82 | 67.82 | 85.87 |
| Retained Earnings | (290.12) | (279.26) | (274.95) | (269.14) | (225.41) | (235.95) | (233.62) | (205.02) | (193.23) | (212.50) | (154.57) | (145.84) | (177.99) |
| Total Stockholder Equity | (13.68) | (18.97) | (16.23) | (20.84) | (2.29) | (4.69) | (5.98) | (2.84) | 2.62 | (9.78) | 15.43 | 13.20 | 6.51 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q1 2027 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 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 | 19.35 | 19.29 | 20.26 | 18.76 | 19.21 | 30.90 | 27.77 | 25.55 | 31.25 | 28.53 | 23.43 | 32.90 | 21.92 | 23.22 | 21.04 | 19.12 | 14.56 | 38.77 |
| Cost of Revenue* | 15.41 | 13.34 | 16.45 | 16.17 | 16.83 | 23.01 | 19.56 | 18.30 | 23.27 | 20.55 | 18.33 | 27.67 | 16.06 | 15.38 | -- | -- | 20.77 | 30.94 |
| Gross Profit* | 3.94 | 5.94 | 3.81 | 2.60 | 2.38 | 7.89 | 8.20 | 7.25 | 7.98 | 7.98 | 5.11 | 5.23 | 5.86 | 7.84 | -- | -- | (6.21) | 7.83 |
| Research & Development | 0.97 | 1.13 | 0.31 | 0.44 | 0.93 | 1.30 | 1.25 | 1.24 | 0.69 | 1.44 | 2.10 | -- | -- | 1.62 | -- | -- | -- | -- |
| Selling, General & Admin | 5.54 | 5.72 | 4.20 | 5.71 | 4.08 | 4.97 | 5.06 | 4.66 | 5.88 | 6.35 | 6.51 | 8.55 | 9.25 | 2.21 | 6.07 | 5.16 | 5.62 | 9.38 |
| Total Operating Expenses* | 7.62 | 16.70 | 5.76 | 7.17 | 6.42 | 9.03 | 8.46 | 8.11 | 8.73 | 10.50 | 31.69 | 42.86 | 31.59 | 7.60 | 29.87 | 26.72 | 21.69 | 48.73 |
| Operating Income | (3.68) | (10.76) | (1.95) | (4.57) | (4.03) | (1.14) | (0.25) | (0.86) | (0.75) | (2.51) | (8.26) | (9.97) | (9.67) | 0.24 | (8.83) | (7.59) | (7.13) | (9.96) |
| Pretax Income | (3.09) | (11.10) | (4.09) | (5.66) | (3.86) | (2.93) | (0.08) | (9.94) | (2.24) | (7.95) | (8.62) | (11.83) | (15.23) | 1.35 | (15.72) | (8.73) | (10.19) | (8.05) |
| Tax Provision | 0.01 | (0.24) | 0.02 | 0.04 | 0.00 | (0.28) | 0.44 | (4.53) | (0.01) | (0.02) | 0.22 | (0.04) | 0.00 | -0.00 | (0.35) | 0.00 | 0.00 | 0.00 |
| Net Income | (2.59) | (10.45) | (4.07) | (5.54) | (3.59) | (2.30) | (0.51) | (5.41) | (1.57) | (7.58) | (8.83) | (11.79) | (15.24) | 1.35 | (15.37) | (8.73) | (10.19) | (8.05) |
| Basic EPS | (0.21) | (0.10) | (0.37) | (0.52) | (0.04) | (0.10) | (0.01) | (0.07) | (0.03) | (0.09) | (1.20) | -- | -- | 0.02 | -- | -- | -- | -- |
| Diluted EPS | -- | -- | -- | -- | -- | -- | (0.01) | (0.07) | (0.03) | (0.04) | -- | -- | -- | 0.02 | -- | -- | -- | -- |
* Derived from reported values
Cash Flow Statement
(in millions USD)| Metric | Q1 2027 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | 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 | (2.09) | (4.27) | (2.26) | (3.21) | (3.05) | 1.22 | 0.78 | 3.85 | (0.04) | 1.10 | (3.24) | (6.98) | (0.03) | (0.41) | (4.19) | (4.91) | 0.83 |
| Capital Expenditures | 0.85 | 0.93 | 0.65 | 0.82 | 1.02 | 0.63 | 0.40 | 0.83 | 1.26 | 0.86 | 0.93 | 1.96 | 0.77 | 0.98 | 0.72 | 1.51 | 1.02 |
| Free Cash Flow* | (2.94) | (5.19) | (2.91) | (4.03) | (4.07) | 0.59 | 0.38 | 3.02 | (1.31) | 0.25 | (4.18) | (8.94) | (0.80) | (1.39) | (4.90) | (6.42) | (0.19) |
| Investing Cash Flow | 2.06 | (0.99) | (0.65) | (5.82) | (1.02) | (0.63) | (0.40) | (0.98) | (1.80) | (0.86) | (1.08) | (1.26) | (0.78) | (0.98) | 0.41 | (0.22) | (1.10) |
| Financing Cash Flow | 3.30 | (1.47) | (0.19) | 8.86 | 11.84 | (4.01) | (0.22) | (0.23) | (2.99) | 0.25 | 0.24 | 6.99 | (1.00) | 2.57 | 0.38 | 7.47 | 6.21 |
* Derived from reported values