Financial Statements — MSGM
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 | 3.95 | 5.86 | 4.13 | 2.37 | 1.05 | 0.75 | 0.53 | 1.25 | 1.18 | 1.97 | 5.79 | 3.22 | 5.22 | 12.37 | 22.16 | 28.30 | 49.78 |
| Total Current Assets | 6.39 | 9.06 | 6.34 | 4.76 | 2.72 | 2.36 | 2.18 | 4.15 | 2.85 | 4.10 | 8.04 | 6.19 | 8.44 | 16.87 | 27.85 | 33.46 | 56.21 |
| Property, Plant & Equipment | 0.05 | 0.05 | 0.03 | 0.03 | 0.04 | 0.09 | 0.14 | 0.18 | 0.31 | 0.39 | 0.47 | 0.67 | 0.72 | 0.72 | 0.69 | 0.45 | 0.22 |
| Goodwill | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 4.87 | 4.98 | 5.10 | 0.20 |
| Intangible Assets | 4.27 | 4.13 | 3.69 | 3.33 | 3.26 | 4.46 | 4.80 | 5.35 | 6.30 | 6.77 | 8.05 | 9.46 | 9.88 | 9.26 | 21.51 | 19.66 | 9.32 |
| Total Non-current Assets* | 4.93 | 4.82 | 3.76 | 3.40 | 3.35 | 4.62 | 5.03 | 5.67 | 8.56 | 9.24 | 14.06 | 14.57 | 16.55 | 16.71 | 27.18 | 25.21 | 9.75 |
| Total Assets | 11.32 | 13.88 | 10.10 | 8.15 | 6.06 | 6.97 | 7.21 | 9.82 | 11.41 | 13.34 | 22.10 | 20.76 | 25.00 | 33.58 | 55.03 | 58.67 | 65.95 |
| Accounts Payable | 0.66 | 1.18 | 0.97 | 1.03 | 2.73 | 2.60 | 1.76 | 1.51 | 1.32 | 0.88 | 1.04 | 1.01 | 0.31 | 0.59 | 0.50 | 0.27 | 0.42 |
| Total Current Liabilities | 3.45 | 3.91 | 3.30 | 2.57 | 4.64 | 4.77 | 4.13 | 8.78 | 7.96 | 6.70 | 6.93 | 10.39 | 5.28 | 6.77 | 6.18 | 5.80 | 3.81 |
| Total Non-current Liabilities* | 2.62 | 1.41 | 0.01 | 0.01 | 0.01 | 0.03 | 0.05 | 0.06 | 2.95 | 3.22 | 3.87 | 3.42 | 4.70 | 4.63 | 3.80 | 0.92 | 0.91 |
| Total Liabilities | 6.08 | 5.32 | 3.31 | 2.58 | 4.65 | 4.80 | 4.18 | 8.83 | 10.91 | 9.92 | 10.80 | 13.81 | 9.98 | 11.40 | 9.98 | 6.71 | 4.72 |
| Retained Earnings | (84.62) | (84.55) | (85.70) | (86.49) | (90.75) | (86.34) | (86.35) | (88.67) | (90.74) | (87.25) | (79.08) | (69.05) | (60.53) | (53.13) | (30.98) | (24.42) | (18.64) |
| Total Stockholder Equity | 3.88 | 7.05 | 5.85 | 4.82 | 0.65 | 4.09 | 4.30 | 2.06 | 0.41 | 3.28 | 11.12 | 6.72 | 14.78 | 21.81 | 43.80 | 50.60 | 57.28 |
* 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 | 3.54 | 4.03 | 3.85 | 3.10 | 2.59 | 1.76 | 1.97 | 1.80 | 1.88 | 3.03 | 1.75 | 1.69 | 1.74 | 1.73 | 3.77 | 1.22 | 2.01 | 3.32 | 8.22 | 2.14 |
| Cost of Revenue | 0.64 | 0.52 | 0.58 | 0.60 | 0.45 | 0.47 | 1.07 | 0.72 | 0.77 | 0.67 | 0.67 | 0.83 | 0.87 | 1.25 | 1.49 | 0.60 | 0.86 | 2.01 | 4.89 | 0.95 |
| Gross Profit | 2.90 | 3.51 | 3.27 | 2.50 | 2.14 | 1.29 | 0.90 | 1.09 | 1.11 | 2.36 | 1.07 | 0.86 | 0.87 | 0.48 | 2.28 | 0.62 | 1.15 | 1.31 | 3.33 | 1.19 |
| Research & Development | 0.74 | 0.51 | 0.47 | 0.42 | 0.27 | 0.60 | 0.60 | 0.85 | 0.87 | 1.06 | 1.49 | 1.57 | 1.79 | 2.40 | 2.70 | 2.63 | 2.68 | 2.40 | 3.54 | 3.02 |
| Selling, General & Admin | 1.32 | 1.70 | 1.96 | 1.14 | 0.87 | 1.17 | 1.33 | 1.95 | 1.41 | 2.19 | 1.91 | 1.53 | 3.15 | 2.78 | 2.98 | 4.01 | 3.35 | 3.42 | 2.77 | 3.13 |
| Total Operating Expenses | 2.26 | 2.46 | 2.70 | 1.71 | 1.27 | 1.89 | 2.06 | 3.02 | 2.55 | 3.58 | 3.79 | 3.53 | 9.49 | 5.89 | 7.47 | 8.17 | 7.84 | 16.91 | 10.12 | 7.58 |
| Operating Income | 0.64 | 1.06 | 0.57 | 0.80 | 1.97 | (0.09) | (0.66) | (1.93) | 2.06 | (1.22) | (2.72) | (2.66) | (8.61) | (5.41) | (5.19) | (7.55) | (6.69) | (15.60) | (6.79) | (6.39) |
| Interest Expense | 0.02 | 0.00 | -0.00 | 0.00 | 0.00 | 0.01 | 0.03 | 0.03 | 0.03 | 0.03 | 0.10 | 0.23 | 0.24 | 0.20 | 0.51 | 0.24 | 0.19 | 0.20 | 0.19 | 0.16 |
| Net Income | 0.40 | 0.32 | 0.84 | 0.79 | 4.26 | 1.04 | (3.50) | 0.01 | 2.38 | (1.63) | 3.71 | (3.49) | (8.17) | (5.10) | (4.93) | (8.52) | (7.41) | (15.14) | (7.01) | (6.56) |
| Basic EPS | 0.08 | 0.06 | 0.14 | 0.14 | 0.82 | 0.33 | (1.21) | 0.00 | 0.87 | (0.60) | 11.69 | (1.28) | (3.02) | (2.33) | (21.51) | (7.29) | (0.63) | (1.30) | -- | -- |
| Diluted EPS | 0.08 | 0.06 | 0.14 | 0.14 | 0.82 | 0.33 | (1.21) | 0.00 | 0.87 | (0.60) | 11.66 | (1.28) | (3.02) | -- | -- | -- | -- | -- | -- | -- |
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 | 1.12 | 1.65 | 1.74 | 2.06 | (0.03) | 0.31 | (2.14) | 0.67 | (0.52) | (0.85) | (2.81) | (1.26) | (3.17) | (5.68) | (2.60) | (4.87) | (6.46) | (5.59) | (4.22) | (5.46) |
| Capital Expenditures | 0.01 | 0.02 | 0.01 | 0.00 | -- | -- | -0.00 | 0.00 | 0.03 | -- | 0.00 | 0.00 | 0.01 | 0.02 | 0.03 | 0.07 | 0.10 | 0.10 | 0.09 | 0.32 |
| Free Cash Flow* | 1.11 | 1.63 | 1.73 | 2.05 | -- | -- | (2.14) | 0.67 | (0.55) | -- | (2.82) | (1.26) | (3.18) | (5.70) | (2.62) | (4.95) | (6.56) | (5.69) | (4.31) | (5.78) |
| Investing Cash Flow | (0.39) | (0.65) | (0.45) | (0.31) | (0.37) | -- | 1.21 | 0.00 | (0.03) | -- | 4.24 | -0.00 | (0.01) | (0.02) | (0.03) | (0.07) | (0.10) | (0.10) | (0.09) | (0.52) |
| Financing Cash Flow | (2.66) | (0.06) | (0.44) | (0.15) | 1.80 | (0.15) | 0.00 | 0.88 | 0.00 | (0.05) | (0.15) | (0.15) | (0.47) | 10.71 | 0.62 | 2.07 | (1.13) | 0.15 | 0.05 | (0.07) |
* Derived from reported values
