Financial Statements — MLSS
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 | -- | 1.20 | 1.35 | 1.27 | 2.25 | 4.78 | 5.75 | 4.01 | 2.17 | 3.70 | 2.28 | 9.81 | 10.96 | 13.25 | 14.49 | 15.98 | 16.95 |
| Short-term Investments | -- | -- | -- | -- | -- | 0.00 | 0.00 | 1.00 | 2.45 | 1.98 | 4.43 | 9.70 | 0.00 | 12.40 | 14.30 | 14.80 | 15.00 |
| Accounts Receivable | -- | -- | -- | -- | -- | 0.55 | 0.39 | 0.66 | 0.59 | 0.79 | 0.91 | 1.09 | 0.83 | 1.06 | 0.97 | 0.81 | 0.98 |
| Inventory | 3.09 | 3.49 | 4.13 | 3.90 | 4.16 | 3.71 | 3.33 | 2.86 | 2.48 | 2.19 | 2.04 | 1.55 | 1.51 | 1.80 | 1.68 | 1.48 | 2.02 |
| Total Current Assets | 8.12 | 7.35 | 8.11 | 7.63 | 8.62 | 10.70 | 11.49 | 10.81 | 9.97 | 10.50 | 11.58 | 14.51 | 15.71 | 18.23 | 19.16 | 20.11 | 21.66 |
| Property, Plant & Equipment | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 |
| Intangible Assets | 0.04 | 0.06 | 0.10 | 0.11 | 0.13 | 0.16 | 0.16 | 0.17 | 0.19 | 0.20 | 0.21 | 0.24 | 0.25 | 0.26 | 0.30 | 0.31 | 0.32 |
| Total Non-current Assets* | 0.23 | 0.61 | 0.38 | 0.42 | 0.46 | 0.48 | 0.51 | 0.54 | 0.61 | 0.65 | 0.69 | 0.76 | 0.80 | 0.84 | 0.92 | 0.95 | 0.98 |
| Total Assets | 8.35 | 7.96 | 8.49 | 8.05 | 9.09 | 11.17 | 12.01 | 11.35 | 10.58 | 11.15 | 12.27 | 15.28 | 16.51 | 19.07 | 20.08 | 21.06 | 22.64 |
| Accounts Payable | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 1.28 | 1.39 | 1.01 | 0.74 | 0.58 | 0.69 |
| Total Current Liabilities | 4.40 | 4.86 | 5.03 | 3.77 | 4.44 | 3.76 | 3.83 | 3.64 | 3.28 | 3.11 | 2.65 | 3.68 | 3.39 | 3.83 | 3.53 | 2.95 | 3.04 |
| Total Non-current Liabilities* | 0.48 | 0.82 | 0.90 | 0.94 | 0.18 | 0.20 | 0.23 | 0.25 | 0.31 | 0.34 | 0.37 | 0.42 | 0.45 | 0.47 | 0.52 | 0.54 | 0.56 |
| Total Liabilities | 4.88 | 5.68 | 5.94 | 4.71 | 4.63 | 3.95 | 4.05 | 3.89 | 3.59 | 3.45 | 3.02 | 4.10 | 3.84 | 4.30 | 4.05 | 3.49 | 3.60 |
| Retained Earnings | (135.67) | (134.62) | (132.68) | (131.53) | (130.05) | (126.02) | (124.56) | (124.78) | (121.40) | (119.93) | (117.72) | (114.44) | (112.46) | (109.61) | (106.58) | (104.54) | (101.86) |
| Total Stockholder Equity | 3.47 | 2.28 | 2.55 | 3.34 | 4.46 | 7.22 | 7.95 | 7.46 | 7.25 | 7.95 | 9.48 | 11.39 | 12.87 | 14.94 | 16.16 | 17.69 | 19.14 |
* 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 | 2.84 | 2.16 | 2.06 | 2.36 | 2.32 | 2.23 | 2.01 | 2.51 | 1.85 | 2.25 | 2.26 | 2.06 | 2.91 | 2.60 | 2.24 | 2.22 | 1.65 | 2.70 | 2.85 | 2.11 |
| Cost of Revenue | 0.93 | 0.60 | 0.56 | 0.72 | 0.71 | 0.58 | 0.50 | 0.68 | 0.44 | 0.57 | 0.75 | 0.56 | 1.02 | 0.71 | 1.16 | 0.76 | 0.97 | 1.02 | 1.07 | 0.75 |
| Gross Profit | 1.91 | 1.56 | 1.50 | 1.64 | 1.62 | 1.65 | 1.51 | 1.84 | 1.41 | 1.68 | 1.51 | 1.50 | 1.89 | 1.89 | 1.09 | 1.45 | 0.68 | 1.68 | 1.78 | 1.36 |
| Research & Development | 0.01 | -- | 0.01 | 0.02 | 0.05 | 0.37 | 0.22 | 0.23 | 0.31 | 0.09 | 0.18 | 0.17 | 0.21 | 0.14 | 0.25 | 0.17 | 0.27 | 0.46 | 0.49 | 0.36 |
| Selling, General & Admin | 2.95 | 2.37 | 2.55 | 2.74 | 3.03 | 3.26 | 3.33 | 3.06 | 2.87 | 3.04 | 3.30 | 2.82 | 3.94 | 3.07 | 2.83 | 3.28 | 3.28 | 3.12 | 3.01 | 2.97 |
| Total Operating Expenses | 2.97 | 2.39 | 2.58 | 2.78 | 3.10 | 3.65 | 3.55 | 3.31 | 3.19 | 3.14 | 3.49 | 3.01 | 4.17 | 3.23 | 3.10 | 3.47 | 3.57 | 3.60 | 3.32 | 3.34 |
| Operating Income | (1.06) | (0.83) | (1.08) | (1.13) | (1.48) | (2.00) | (2.04) | (1.47) | (1.78) | (1.47) | (1.98) | (1.51) | (2.28) | (1.34) | (2.01) | (2.01) | (2.88) | (1.91) | (1.54) | (1.98) |
| Pretax Income | (1.06) | (0.84) | (1.09) | (1.15) | (1.48) | (1.99) | (2.04) | (1.46) | 0.22 | (1.44) | (1.96) | (1.48) | (2.23) | (1.32) | (1.99) | (1.99) | (2.88) | (1.92) | (1.55) | (1.99) |
| Tax Provision | -- | -- | -- | -- | 0.00 | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income | (1.06) | (0.84) | (1.09) | (1.15) | (1.48) | (1.99) | (2.04) | (1.46) | 0.22 | (1.44) | (1.94) | (1.47) | (2.22) | (1.31) | (1.97) | (1.97) | (2.86) | (1.90) | (1.12) | (2.04) |
| Basic EPS | (0.01) | (0.01) | (0.02) | (0.01) | (0.02) | (0.02) | (0.02) | (0.02) | 0.00 | (0.02) | (0.03) | (0.02) | (0.03) | (0.02) | (0.02) | (0.03) | (0.04) | (0.03) | (0.02) | (0.03) |
| Diluted EPS | (0.01) | (0.01) | (0.01) | (0.01) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (0.03) | (0.04) | (0.03) | (0.02) | (0.03) |
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 | (0.59) | 0.09 | (0.23) | 0.08 | (1.76) | (1.01) | (1.51) | (0.97) | 0.78 | (1.22) | (1.25) | (1.05) | (1.02) | (2.00) | (1.09) | (1.14) | (2.29) | (1.51) | (0.39) | (1.56) |
| Capital Expenditures | 0.00 | 0.00 | 0.00 | 0.01 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | -- | 0.00 | -0.00 | 0.01 |
| Free Cash Flow* | (0.59) | 0.09 | (0.23) | 0.07 | -- | -- | -- | -- | -- | -- | -- | -- | -- | (2.00) | (1.09) | (1.15) | -- | (1.51) | (0.38) | (1.57) |
| Investing Cash Flow | -0.00 | -0.00 | -0.00 | (0.01) | -0.00 | -0.00 | -0.00 | 0.00 | 0.97 | 2.00 | (0.51) | (0.48) | 2.45 | (4.43) | -0.00 | -0.00 | 0.00 | 0.00 | 0.00 | (0.01) |
| Financing Cash Flow | 1.46 | -0.00 | -0.00 | -0.00 | 0.80 | -0.00 | -0.00 | -0.00 | -0.00 | 0.24 | 2.57 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | 0.66 | 0.08 |
* Derived from reported values
