Financial Statements — MASS
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 | 63.02 | 67.56 | 62.80 | 61.75 | 79.16 | 45.03 | 46.81 | 104.60 | 118.21 | 133.00 | 161.21 | 193.70 | 212.99 | 223.12 | 138.82 | 141.31 | 148.96 |
| Short-term Investments | 38.51 | 44.18 | 49.25 | 56.83 | 45.15 | 26.66 | 30.57 | 29.60 | 29.68 | 19.69 | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 11.71 | 9.87 | 11.00 | 6.21 | 6.93 | 16.66 | 10.99 | 7.49 | 12.89 | 10.31 | 8.17 | 15.23 | 11.10 | 6.32 | 8.29 | 5.32 | 4.37 |
| Inventory | 14.37 | 13.24 | 15.33 | 15.46 | 12.74 | 17.83 | 18.59 | 16.36 | 15.93 | 14.14 | 13.37 | 11.73 | 11.18 | 9.63 | 8.27 | 7.95 | 6.82 |
| Total Current Assets | 132.02 | 142.01 | 144.94 | 147.87 | 149.00 | 108.93 | 110.44 | 161.87 | 179.83 | 181.08 | 187.95 | 223.88 | 238.68 | 242.98 | 157.49 | 157.19 | 162.96 |
| Property, Plant & Equipment | 4.61 | 4.14 | 4.15 | 1.65 | 1.51 | 3.67 | 3.56 | 3.22 | 2.85 | 2.94 | 3.05 | 2.76 | 2.42 | 2.18 | 1.59 | 1.61 | 0.97 |
| Goodwill | 11.06 | -- | -- | -- | -- | 10.14 | 40.22 | 10.14 | 9.93 | 10.19 | 10.22 | 9.20 | -- | -- | -- | -- | -- |
| Intangible Assets | 45.12 | 35.68 | 37.14 | 37.25 | 37.97 | 46.68 | 47.30 | 7.47 | 7.74 | 8.16 | 8.41 | 7.97 | -- | -- | -- | -- | -- |
| Total Non-current Assets* | 65.52 | 44.68 | 45.94 | 43.84 | 47.02 | 11.15 | 9.46 | 8.97 | 9.53 | 10.08 | 10.62 | 25.40 | 8.32 | 8.24 | 8.82 | 9.30 | 8.79 |
| Total Assets | 197.54 | 186.70 | 190.87 | 191.70 | 196.03 | 178.28 | 208.77 | 189.79 | 208.48 | 210.83 | 218.41 | 249.28 | 247.00 | 251.23 | 166.30 | 166.48 | 171.75 |
| Accounts Payable | 2.71 | 2.42 | 1.81 | 3.59 | 3.85 | 1.90 | 1.97 | 1.47 | 2.58 | 1.49 | 1.74 | 1.66 | 1.23 | 2.16 | 1.99 | 1.00 | 1.69 |
| Total Current Liabilities | 49.42 | 39.66 | 41.48 | 29.71 | 19.56 | 25.72 | 21.72 | 19.33 | 22.32 | 20.19 | 18.66 | 19.08 | 15.43 | 13.66 | 13.06 | 11.18 | 9.25 |
| Long-term Debt | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 15.00 | 15.00 | 15.00 | 15.00 | 15.00 | 15.00 | 15.00 |
| Total Non-current Liabilities* | 21.35 | 12.86 | 13.10 | 13.18 | 17.04 | 21.53 | 30.70 | 13.57 | 16.22 | 16.18 | 19.14 | 33.70 | 30.45 | 30.76 | 30.47 | 28.64 | 29.19 |
| Total Liabilities | 70.77 | 52.52 | 54.57 | 42.88 | 36.60 | 47.24 | 52.42 | 32.90 | 38.55 | 36.37 | 37.80 | 52.78 | 45.88 | 44.42 | 43.53 | 39.82 | 38.44 |
| Retained Earnings | (247.16) | (235.27) | (227.49) | (212.51) | (199.20) | (223.36) | (194.06) | (181.52) | (163.17) | (156.08) | (146.73) | (124.41) | (118.15) | (110.05) | (97.17) | (91.99) | (84.56) |
| Total Stockholder Equity | 126.77 | 134.17 | 136.30 | 148.82 | 159.42 | 131.04 | 156.36 | 156.89 | 169.93 | 174.46 | 180.61 | 196.50 | 201.12 | 206.80 | 122.78 | 126.67 | 133.31 |
* 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 | 16.07 | 13.38 | 17.38 | 14.01 | 13.04 | 11.78 | 18.82 | 16.77 | 14.05 | 9.99 | 14.35 | 14.30 | 12.09 | 9.49 | 11.64 | 15.80 | 11.11 | 8.31 | 15.84 | 12.55 |
| Cost of Revenue | 7.73 | 6.50 | 8.23 | 6.65 | 6.66 | 6.24 | 9.72 | 8.44 | 6.63 | 4.99 | 7.08 | 6.43 | 6.30 | 5.10 | 5.72 | 6.46 | 4.47 | 4.18 | 6.71 | 5.73 |
| Gross Profit | 8.34 | 6.88 | 9.15 | 7.36 | 6.37 | 5.54 | 9.10 | 8.33 | 7.42 | 5.00 | 7.28 | 7.87 | 5.79 | 4.38 | 5.92 | 9.34 | 6.63 | 4.13 | 9.13 | 6.81 |
| Research & Development | 3.60 | 3.47 | 3.50 | 3.84 | 4.41 | 3.83 | 6.54 | 6.79 | 6.38 | 5.79 | 5.44 | 5.54 | 5.53 | 5.40 | 4.66 | 4.67 | 4.29 | 3.91 | 3.75 | 3.30 |
| Selling, General & Admin | 11.11 | 9.91 | 8.82 | 9.13 | 10.34 | 10.24 | 13.76 | 13.38 | 14.60 | 11.90 | 11.54 | 11.42 | 11.21 | 12.00 | 11.60 | 11.83 | 10.71 | 9.74 | 8.92 | 8.79 |
| Total Operating Expenses | 21.15 | 19.77 | 6.06 | 23.68 | 21.53 | 16.57 | 29.36 | 38.55 | 20.98 | 17.69 | 16.99 | 16.96 | 16.73 | 17.40 | 16.26 | 16.49 | 15.00 | 13.65 | 12.66 | 12.09 |
| Operating Income | (12.81) | (12.88) | 3.09 | (16.32) | (15.16) | (11.03) | (20.25) | (30.22) | (13.56) | (12.69) | (9.71) | (9.09) | (10.94) | (13.02) | (10.34) | (7.15) | (8.37) | (9.52) | (3.53) | (5.28) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | (0.35) | 0.00 | 0.55 | 0.06 | 0.03 | 0.02 | 0.02 | 0.04 | 0.03 |
| Pretax Income | (11.95) | -- | 4.21 | (14.88) | (12.84) | -- | (19.52) | (29.37) | (12.62) | (10.99) | (7.43) | (7.18) | (9.42) | -- | -- | -- | -- | -- | -- | -- |
| Tax Provision | (0.05) | -- | (0.17) | 0.03 | 0.07 | -- | (0.07) | (0.07) | (0.07) | (0.07) | -0.00 | (0.09) | (0.07) | -- | -- | -- | -- | -- | -- | -- |
| Net Income | (11.89) | (11.95) | 4.17 | (14.98) | (13.31) | 43.60 | (19.45) | (29.29) | (12.55) | (10.92) | (7.43) | (7.09) | (9.35) | (12.53) | (9.79) | (6.26) | (8.10) | (9.41) | (3.46) | (5.18) |
| Basic EPS | (0.32) | (0.32) | 0.09 | (0.41) | (0.37) | 1.23 | (0.58) | (0.84) | (0.37) | (0.33) | (0.23) | (0.22) | (0.29) | (0.39) | (0.31) | (0.20) | (0.26) | (0.30) | (0.11) | (0.19) |
| Diluted EPS | (0.32) | (0.32) | 0.09 | (0.41) | (0.37) | 1.23 | (0.58) | (0.84) | (0.37) | (0.33) | (0.23) | (0.22) | (0.29) | (0.39) | (0.31) | (0.20) | (0.26) | (0.30) | (0.11) | (0.19) |
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 | 3.17 | 1.21 | 1.32 | (4.20) | (5.78) | (15.02) | (2.24) | (5.61) | (13.04) | (9.36) | (1.93) | (4.60) | (7.88) | (10.65) | (5.12) | (4.94) | (10.41) | (0.47) | (9.22) | (2.92) |
| Capital Expenditures | 0.16 | 0.04 | (0.01) | 0.68 | 0.12 | 0.16 | 0.19 | 0.16 | (0.65) | 0.90 | 0.33 | 0.21 | 0.32 | 1.19 | 0.61 | 0.74 | 0.07 | 0.62 | 0.05 | 0.06 |
| Free Cash Flow* | 3.01 | 1.17 | 1.33 | (4.88) | (5.91) | (15.18) | (2.43) | (5.76) | (12.39) | (10.26) | (2.26) | (4.81) | (8.20) | (11.83) | (5.73) | (5.68) | (10.48) | (1.08) | (9.27) | (2.98) |
| Investing Cash Flow | (7.32) | (1.99) | 6.81 | 5.21 | (11.59) | 50.31 | 0.78 | 3.79 | (45.11) | (5.78) | 4.64 | (9.91) | (19.94) | (1.18) | (0.61) | (14.51) | (0.07) | (0.62) | (0.05) | (0.06) |
| Financing Cash Flow | 0.97 | (2.17) | (0.41) | (0.02) | (0.08) | (0.19) | 0.53 | 0.02 | 0.37 | (1.29) | 0.10 | (0.25) | (0.40) | (15.38) | 0.41 | 0.17 | 0.47 | 0.13 | 94.53 | 0.48 |
* Derived from reported values
