Financial Statements — MIST
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 | 169.73 | 71.32 | 46.69 | 42.50 | 45.09 | 12.80 | 13.26 | 10.13 | 9.88 | 32.59 | 73.95 | 37.29 | 63.24 | 92.24 | 111.43 | 97.79 | 71.86 |
| Short-term Investments | 0.88 | 112.90 | 35.90 | 0.92 | 10.87 | 63.62 | 69.99 | 79.35 | 65.87 | 55.00 | 27.00 | 39.95 | 23.00 | 8.00 | 15.00 | 38.00 | 58.00 |
| Accounts Receivable | 2.72 | 1.61 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Inventory | 4.72 | 1.83 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Assets | 180.33 | 192.25 | 86.67 | 46.17 | 60.48 | 80.99 | 87.36 | 93.97 | 84.80 | 94.57 | 108.51 | 82.92 | 90.50 | 104.97 | 132.76 | 144.39 | 137.24 |
| Property, Plant & Equipment | 0.47 | 0.50 | 0.14 | 0.16 | 0.18 | 0.20 | 0.22 | 0.25 | 0.27 | 0.28 | 0.27 | 0.30 | 0.23 | 0.19 | 0.24 | 0.26 | 0.28 |
| Total Non-current Assets* | 1.30 | 1.48 | 1.08 | 1.25 | 1.41 | 1.72 | 1.87 | 2.03 | 2.32 | 2.45 | 2.57 | 2.85 | 0.80 | 0.83 | 1.02 | 1.11 | 1.20 |
| Total Assets | 181.63 | 193.73 | 87.75 | 47.42 | 61.89 | 82.71 | 89.23 | 96.00 | 87.12 | 97.02 | 111.08 | 85.77 | 91.30 | 105.80 | 133.78 | 145.50 | 138.44 |
| Accounts Payable | 8.45 | 10.02 | 10.04 | 8.77 | 12.42 | 4.68 | 4.00 | 3.58 | 7.58 | 6.29 | 7.42 | 6.04 | 4.09 | 4.41 | 5.59 | 5.07 | 5.56 |
| Total Current Liabilities | 22.18 | 20.94 | 10.52 | 9.28 | 12.96 | 5.26 | 4.57 | 4.13 | 8.11 | 6.81 | 7.96 | 6.52 | 4.26 | 4.61 | 5.85 | 5.33 | 5.82 |
| Long-term Debt | 59.21 | 58.19 | 56.21 | 55.24 | 54.29 | 52.43 | 51.53 | 50.64 | 48.92 | 48.07 | 47.32 | -- | -- | -- | -- | -- | -- |
| Total Non-current Liabilities* | 141.22 | 136.74 | 56.73 | 55.88 | 55.05 | 53.44 | 52.69 | 51.95 | 50.50 | 49.80 | 49.18 | 2.09 | 0.38 | 0.43 | 0.51 | 0.57 | 0.64 |
| Total Liabilities | 163.41 | 157.69 | 67.25 | 65.16 | 68.01 | 58.69 | 57.25 | 56.08 | 58.61 | 56.61 | 57.15 | 8.61 | 4.64 | 5.04 | 6.36 | 5.90 | 6.45 |
| Retained Earnings | (485.28) | (456.67) | (413.19) | (401.27) | (388.31) | (355.18) | (345.74) | (336.38) | (312.42) | (297.33) | (281.29) | (251.53) | (236.97) | (220.33) | (189.43) | (175.21) | (175.98) |
| Total Stockholder Equity | 18.22 | 36.05 | 20.50 | (17.74) | (6.12) | 24.01 | 31.98 | 39.92 | 28.50 | 40.41 | 53.94 | 77.16 | 86.66 | 100.76 | 127.42 | 139.59 | 131.99 |
* 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 | 0.56 | 0.24 | -- | -- | 0.00 | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Cost of Revenue* | 0.03 | 0.01 | -- | -- | 0.00 | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Gross Profit | 0.53 | 0.22 | -- | -- | 0.00 | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Research & Development | 3.51 | 3.25 | 5.52 | 3.94 | 3.67 | 4.98 | 3.94 | 3.96 | 2.82 | 3.64 | 5.45 | 6.72 | 8.62 | 10.26 | 10.58 | 9.83 | 10.66 | 8.77 | 10.92 | 9.73 |
| Selling, General & Admin | 22.65 | 4.82 | 5.09 | 3.26 | 3.76 | 5.17 | 4.00 | 3.74 | 5.05 | 3.95 | 3.37 | 4.23 | 4.45 | 3.89 | 4.12 | 4.03 | 3.92 | 3.64 | 3.79 | 2.96 |
| Total Operating Expenses | 26.16 | 23.89 | -- | -- | 12.53 | 20.52 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating Income | (25.63) | (23.66) | (17.26) | (11.83) | (12.53) | (20.52) | (12.35) | (9.62) | (9.66) | (10.48) | (13.80) | (15.36) | (16.44) | (15.50) | (13.76) | (15.03) | (16.81) | (14.05) | (16.92) | (14.27) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.87 | 0.86 | 0.84 | 0.82 | -- | -- | -- | -- | -- | -- | -- |
| Pretax Income | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (16.88) | (14.22) |
| Net Income | (28.61) | (26.07) | (17.41) | (11.92) | (12.97) | (20.76) | (12.36) | (9.44) | (9.36) | (10.35) | (13.61) | (15.08) | (16.04) | (14.95) | (13.18) | (14.56) | (16.65) | (14.01) | (16.88) | (14.22) |
| Basic EPS | (0.21) | (0.20) | (0.12) | (0.12) | (0.20) | (0.31) | (0.18) | (0.14) | (0.14) | (0.21) | (0.32) | (0.35) | (0.37) | (0.35) | (0.32) | (0.34) | (0.39) | (0.33) | (0.40) | -- |
| Diluted EPS | (0.21) | (0.20) | (0.12) | (0.12) | (0.20) | (0.31) | (0.18) | (0.14) | (0.14) | (0.21) | (0.32) | (0.35) | (0.37) | (0.35) | -- | (0.34) | (0.39) | (0.33) | (0.40) | -- |
* 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 | (22.71) | (16.05) | (12.77) | (9.75) | (12.57) | (13.95) | (6.84) | (7.02) | (6.05) | (8.93) | (9.80) | (12.16) | (10.56) | (13.90) | (12.86) | (11.57) | (14.08) | (13.95) | (12.38) | (9.39) |
| Capital Expenditures | 0.03 | 0.05 | 0.28 | 0.00 | 0.01 | 0.01 | 0.02 | 0.00 | 0.01 | -- | 0.03 | 0.02 | 0.03 | 0.03 | 0.11 | 0.10 | 0.06 | -- | -- | -- |
| Free Cash Flow* | (22.74) | (16.10) | (13.06) | (9.75) | (12.58) | (13.96) | (6.86) | (7.02) | (6.06) | -- | (9.83) | (12.18) | (10.59) | (13.94) | (12.97) | (11.68) | (14.14) | -- | -- | -- |
| Investing Cash Flow | 111.99 | (80.03) | 2.70 | (34.98) | 9.94 | 33.58 | 19.33 | 6.48 | 9.48 | (27.01) | 13.68 | (10.86) | (28.03) | 29.97 | (17.01) | (17.05) | (15.06) | (8.00) | 15.00 | 23.00 |
| Financing Cash Flow | 9.13 | 94.35 | 36.43 | 48.92 | 0.04 | 0.14 | 0.02 | 0.07 | (0.30) | 32.32 | 0.00 | 0.31 | (2.77) | 50.25 | 0.23 | 2.67 | 0.14 | 0.05 | 0.09 | 0.02 |
* Derived from reported values