Financial Statements — MRT
Balance Sheet
(in millions USD)| Metric | Q2
2025 | Q2
2024 | Q1
2023 | Q3
2022 | Q1
2022 | Q3
2021 | Q2
2021 |
|---|
| Cash & Equivalents | 4.21 | 8.97 | 0.14 | 0.31 | 0.50 | 0.65 | 0.00 |
| Accounts Receivable | 0.76 | 0.30 | -- | -- | -- | -- | -- |
| Inventory | 2.09 | 2.21 | -- | -- | -- | -- | -- |
| Total Current Assets | 10.93 | 14.19 | 0.18 | 0.42 | 0.63 | 0.77 | -- |
| Property, Plant & Equipment | 4.13 | 9.44 | -- | -- | -- | -- | -- |
| Intangible Assets | 0.44 | 0.69 | -- | -- | -- | -- | -- |
| Total Non-current Assets* | 6.28 | 10.82 | 150.32 | 147.23 | 146.84 | 146.76 | -- |
| Total Assets | 17.22 | 25.00 | 150.50 | 147.65 | 147.47 | 147.53 | 0.43 |
| Accounts Payable | 1.93 | 2.06 | 3.37 | 2.66 | -- | 0.02 | 0.02 |
| Short-term Debt | -- | 9.00 | -- | -- | -- | -- | -- |
| Total Current Liabilities | 11.16 | 15.51 | 3.37 | 2.66 | 1.86 | 0.05 | 0.41 |
| Long-term Debt | 82.99 | 60.15 | -- | -- | -- | -- | -- |
| Total Non-current Liabilities* | 79.22 | 60.67 | 5.03 | 5.03 | 5.03 | 5.03 | 0.00 |
| Total Liabilities* | 90.38 | 76.18 | 8.40 | 7.69 | 6.89 | 5.08 | 0.41 |
| Retained Earnings | (158.77) | (87.48) | (5.34) | (4.40) | (3.38) | (1.30) | (0.01) |
| Total Stockholder Equity | (73.16) | (51.17) | (5.34) | (4.40) | (3.38) | (1.30) | 0.01 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2
2025 | Q2
2024 | Q1
2023 | Q4
2022 | Q3
2022 | Q1
2022 | Q3
2021 | Q2
2021 |
|---|
| Total Revenue | 14.56 | 8.41 | -- | -- | -- | -- | -- | -- |
| Cost of Revenue | 7.37 | 9.89 | -- | -- | -- | -- | -- | -- |
| Gross Profit | 6.96 | (1.48) | -- | -- | -- | -- | -- | -- |
| Research & Development | 1.11 | 0.61 | -- | -- | -- | -- | -- | -- |
| Selling, General & Admin | 12.18 | 9.05 | 0.36 | 0.58 | 1.03 | 0.50 | 0.15 | -- |
| Total Operating Expenses | 23.73 | 26.01 | -- | -- | -- | -- | -- | -- |
| Operating Income | (12.54) | (18.22) | -- | -- | -- | -- | -- | -- |
| Pretax Income | (19.28) | (21.87) | -- | -- | -- | -- | -- | -- |
| Net Income | (19.28) | (21.87) | 1.22 | 0.93 | (1.77) | (0.31) | (0.14) | (0.01) |
| Basic EPS | (0.26) | (0.38) | -- | -- | -- | -- | -- | -- |
| Diluted EPS | (0.26) | (0.38) | -- | -- | -- | -- | -- | -- |
Cash Flow Statement
(in millions USD)| Metric | Q2
2025 | Q2
2024 | Q1
2023 | Q4
2022 | Q3
2022 | Q1
2022 | Q3
2021 | Q2
2021 |
|---|
| Operating Cash Flow | (5.01) | (10.48) | (0.11) | (0.06) | (0.30) | (0.01) | (0.37) | 0.00 |
| Capital Expenditures | 0.28 | 0.09 | -- | -- | -- | -- | -- | -- |
| Free Cash Flow* | (5.29) | (10.57) | -- | -- | -- | -- | -- | -- |
| Investing Cash Flow | (0.48) | (0.73) | -- | -- | -- | -- | (146.62) | -- |
| Financing Cash Flow | 4.55 | 0.76 | -- | -- | -- | -- | 147.64 | -- |
* Derived from reported values
