Financial Statements — MNOV
Balance Sheet
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 25.42 | 27.33 | 32.56 | 34.26 | 36.57 | 42.28 | 44.34 | 47.14 | 51.51 | 52.88 | 52.51 | 65.23 | 67.70 | 75.03 | 77.79 | 76.30 |
| Short-term Investments | -- | -- | -- | -- | -- | -- | -- | -- | -- | 39.98 | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 0.00 | 0.25 | 0.00 | 0.13 | -- | -- | -- | -- | 1.00 | -- | -- | -- | -- | -- | -- | 4.00 |
| Total Current Assets | 25.92 | 28.15 | 32.92 | 35.12 | 37.68 | 43.27 | 45.51 | 47.86 | 53.00 | 53.52 | 53.15 | 65.96 | 68.83 | 76.16 | 78.91 | 81.47 |
| Property, Plant & Equipment | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.03 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.06 | 0.07 | 0.05 |
| Goodwill | 9.60 | 9.60 | 9.60 | 9.60 | 9.60 | 9.60 | 9.60 | 9.60 | 9.60 | 9.60 | 9.60 | 9.60 | 9.60 | 9.60 | 9.60 | 9.60 |
| Total Non-current Assets* | 14.51 | 14.56 | 14.66 | 14.70 | 14.75 | 14.85 | 14.90 | 15.03 | 15.14 | 15.20 | 25.24 | 15.28 | 15.34 | 15.46 | 14.77 | 14.63 |
| Total Assets | 40.43 | 42.70 | 47.58 | 49.82 | 52.43 | 58.12 | 60.40 | 62.89 | 68.14 | 68.72 | 78.39 | 81.24 | 84.18 | 91.62 | 93.68 | 96.10 |
| Accounts Payable | 0.95 | 0.85 | 0.75 | 0.57 | 0.72 | 0.71 | 0.67 | 0.80 | 0.74 | 0.55 | 0.55 | 0.64 | 0.67 | 0.64 | 0.61 | 0.43 |
| Total Current Liabilities | 2.96 | 3.10 | 3.34 | 2.65 | 2.13 | 2.60 | 2.49 | 2.51 | 2.80 | 2.82 | 4.53 | 3.84 | 2.98 | 4.20 | 2.47 | 1.83 |
| Total Non-current Liabilities* | 0.20 | 0.20 | 0.28 | 0.32 | 0.37 | 0.46 | 0.50 | 0.55 | 0.67 | 0.72 | 0.76 | 0.79 | 0.83 | 0.94 | 1.98 | 1.90 |
| Total Liabilities | 3.16 | 3.30 | 3.61 | 2.97 | 2.50 | 3.05 | 3.00 | 3.06 | 3.47 | 3.54 | 5.29 | 4.63 | 3.81 | 5.14 | 4.45 | 3.73 |
| Retained Earnings | (443.65) | (441.34) | (435.95) | (432.90) | (429.62) | (423.94) | (421.08) | (418.46) | (413.64) | (412.92) | (404.13) | (400.48) | (396.45) | (390.98) | (387.40) | (383.11) |
| Total Stockholder Equity | 37.27 | 39.41 | 43.96 | 46.86 | 49.93 | 55.07 | 57.41 | 59.83 | 64.67 | 65.18 | 73.11 | 76.61 | 80.36 | 86.48 | 89.23 | 92.37 |
* 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 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Total Revenue | 0.46 | 0.19 | 0.15 | 0.12 | 0.13 | -- | -- | -- | -- | -- | 0.00 | 1.00 | -- | -- | -- | 4.00 | -- | 0.00 | 0.04 | 0.00 |
| Research & Development | 0.90 | 1.20 | 1.50 | 1.50 | 2.00 | 1.70 | 1.80 | 1.80 | 1.50 | 1.70 | 1.60 | 0.70 | 1.60 | 1.80 | 2.40 | 2.50 | 2.00 | 1.80 | 2.00 | 2.30 |
| Selling, General & Admin | 1.83 | 1.59 | 1.55 | 1.81 | 1.44 | 1.36 | 1.28 | 1.45 | 1.40 | 1.35 | 0.84 | 1.35 | 1.56 | 1.22 | 1.44 | 1.52 | 1.30 | 0.33 | 1.55 | 1.78 |
| Total Operating Expenses | 3.00 | 3.02 | 3.24 | 3.50 | 3.74 | 3.20 | 3.18 | 3.31 | 3.05 | 3.14 | 2.49 | 2.15 | 3.30 | 3.23 | 3.90 | 4.09 | 3.41 | 2.10 | 3.64 | 4.31 |
| Operating Income | (2.54) | (2.84) | (3.09) | (3.38) | (3.61) | (3.20) | (3.18) | (3.31) | (3.05) | (3.14) | (2.49) | (1.15) | (3.30) | (3.23) | (3.90) | (4.09) | (3.41) | (2.10) | (3.60) | (4.31) |
| Net Income | (2.31) | (2.59) | (2.80) | (3.05) | (3.28) | (2.86) | (2.81) | (2.85) | (2.63) | (2.75) | (2.06) | (0.72) | (2.87) | (3.00) | (3.65) | (4.03) | (3.39) | (2.08) | (3.58) | (4.28) |
| Basic EPS | (0.05) | (0.05) | (0.05) | (0.06) | (0.07) | (0.06) | (0.06) | (0.06) | (0.05) | (0.06) | (0.04) | (0.01) | (0.06) | (0.06) | (0.07) | (0.08) | -- | -- | -- | -- |
| Diluted EPS | (0.05) | (0.05) | (0.05) | (0.06) | (0.07) | (0.06) | (0.06) | (0.06) | (0.05) | (0.06) | (0.04) | (0.01) | (0.06) | (0.06) | (0.07) | (0.08) | -- | -- | -- | -- |
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 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Operating Cash Flow | (1.92) | (3.47) | (2.02) | (1.70) | (2.31) | (3.78) | (1.93) | (2.03) | (2.81) | (3.87) | (0.50) | (6.93) | (3.18) | (4.01) | (2.72) | (2.46) | (3.73) | (3.64) | (3.02) | 1.13 |
| Capital Expenditures | 0.00 | 0.01 | 0.00 | 0.00 | -- | -- | -0.00 | 0.00 | 0.00 | -- | -0.00 | 0.02 | 0.02 | -- | -- | -- | -- | 0.00 | 0.00 | 0.03 |
| Free Cash Flow* | (1.92) | (3.48) | (2.02) | (1.71) | -- | -- | (1.93) | (2.03) | (2.81) | -- | (0.50) | (6.95) | (3.20) | -- | -- | -- | -- | (3.64) | (3.02) | 1.10 |
| Investing Cash Flow | 0.00 | (0.01) | 0.00 | -0.00 | -- | -- | 0.00 | 0.00 | -0.00 | -- | 0.00 | 39.91 | 39.93 | (30.01) | (10.00) | -- | -- | 0.00 | -0.00 | (0.03) |
| Financing Cash Flow | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.01 | -- | 0.04 | 0.25 | 0.39 |
* Derived from reported values
