Financial Statements — MTVA
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 | 12.63 | 13.73 | 14.28 | 17.59 | 11.19 | 21.67 | 27.93 | 15.99 | 25.84 | 28.69 | 30.81 | 6.36 | 8.85 | 11.56 | 6.98 | 9.51 | 13.04 |
| Total Current Assets | 13.07 | 14.16 | 14.65 | 18.32 | 11.96 | 21.94 | 28.52 | 16.76 | 26.15 | 29.17 | 31.48 | 7.55 | 10.08 | 13.26 | 7.84 | 10.47 | 13.89 |
| Property, Plant & Equipment | 0.01 | 0.01 | 0.02 | 0.03 | 0.03 | 0.04 | 0.04 | 0.05 | 0.04 | 0.01 | 0.01 | 0.00 | 0.01 | 0.10 | 0.12 | 0.13 | 0.14 |
| Total Non-current Assets* | 0.20 | 0.23 | 0.12 | 0.14 | 0.17 | 0.21 | 0.23 | 0.25 | 0.28 | 0.01 | 0.01 | 0.00 | 0.01 | 0.20 | 0.23 | 0.25 | 0.27 |
| Total Assets | 13.27 | 14.39 | 14.77 | 18.46 | 12.13 | 22.15 | 28.75 | 17.02 | 26.43 | 29.18 | 31.49 | 7.56 | 10.08 | 13.46 | 8.08 | 10.72 | 14.16 |
| Accounts Payable | 0.92 | 1.01 | 2.60 | 2.88 | 3.05 | 1.02 | 2.63 | 2.08 | 1.98 | 0.97 | 1.12 | 1.08 | 0.66 | 0.78 | 0.95 | 0.35 | 0.47 |
| Total Current Liabilities | 6.35 | 5.19 | 8.43 | 8.82 | 7.71 | 9.11 | 9.71 | 6.83 | 4.72 | 3.98 | 10.98 | 1.62 | 1.25 | 1.50 | 1.90 | 1.18 | 0.94 |
| Total Non-current Liabilities* | 0.10 | 0.12 | 0.00 | 0.02 | 0.04 | 0.08 | 0.10 | 0.12 | 0.15 | 0.00 | 0.00 | 0.00 | 0.00 | 0.04 | 0.05 | 0.06 | 0.07 |
| Total Liabilities | 6.45 | 5.32 | 8.43 | 8.84 | 7.75 | 9.19 | 9.81 | 6.94 | 4.88 | 3.98 | 10.98 | 1.62 | 1.25 | 1.53 | 1.95 | 1.24 | 1.01 |
| Retained Earnings | (157.97) | (152.65) | (146.90) | (143.52) | (139.53) | (130.68) | (125.03) | (114.98) | (102.95) | (99.13) | (98.40) | (91.12) | (88.01) | (84.70) | (77.25) | (73.79) | (69.87) |
| Total Stockholder Equity | 6.82 | 9.07 | 6.33 | 9.62 | 4.38 | 12.95 | 18.94 | 10.08 | 21.55 | 25.20 | 20.51 | 5.94 | 8.83 | 11.93 | 6.13 | 9.48 | 13.15 |
* 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 |
|---|
| Research & Development | 3.48 | 2.10 | 0.24 | 1.91 | 2.32 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Selling, General & Admin | 1.91 | 1.92 | 1.81 | 1.56 | 1.98 | 1.56 | 1.53 | 1.74 | 2.01 | 1.98 | 1.80 | 1.60 | 1.44 | 1.88 | 1.92 | 2.53 | 2.24 | 1.96 | 2.58 | 2.07 |
| Total Operating Expenses | 5.39 | 4.03 | 2.05 | 3.48 | 4.30 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating Income | (5.38) | (4.03) | (2.05) | (3.47) | (4.30) | (3.89) | (5.58) | (6.26) | (10.08) | (6.88) | (5.67) | (3.89) | (3.81) | (2.52) | (10.43) | (3.10) | (3.22) | (2.87) | (4.58) | (3.46) |
| Pretax Income | (5.32) | (3.82) | (1.93) | (3.38) | (3.99) | (3.67) | (5.17) | (5.65) | (10.05) | (6.71) | (5.31) | (3.82) | (0.73) | (2.60) | (4.68) | (3.11) | (3.30) | (2.87) | (4.58) | (3.46) |
| Tax Provision | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income | (5.32) | (3.82) | (1.93) | (3.38) | (3.99) | (3.67) | (5.17) | (5.65) | (10.05) | (6.71) | (5.31) | (3.82) | (0.73) | (2.60) | (4.68) | (3.11) | (3.30) | (2.87) | (4.58) | (3.46) |
| Basic EPS | (0.90) | (0.79) | (6.59) | (0.14) | (0.26) | (0.36) | 0.16 | (0.55) | (1.85) | (1.32) | (2.29) | (0.09) | (0.02) | (0.06) | (1.70) | (3.50) | (0.12) | (0.11) | (0.17) | (0.16) |
| Diluted EPS | (0.90) | (0.79) | (6.59) | (0.14) | (0.26) | (0.36) | 0.16 | (0.55) | (1.85) | (1.32) | (2.29) | (0.09) | (0.02) | (0.06) | (1.70) | (3.50) | (0.12) | (0.11) | (0.17) | (0.16) |
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 | (3.76) | (4.26) | (4.86) | (2.95) | (3.07) | (4.82) | (5.43) | (5.59) | (7.25) | (6.44) | (3.39) | (2.81) | (2.04) | (2.55) | (1.81) | (2.36) | (2.72) | (4.83) | (2.90) | (2.51) |
| Capital Expenditures | -- | -- | 0.00 | 0.00 | 0.00 | -- | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.04 | 0.00 | 0.00 | -- | -- | -- | -- | 0.00 | 0.00 |
| Free Cash Flow* | -- | -- | (4.86) | (2.95) | (3.07) | -- | (5.43) | (5.59) | (7.25) | (6.45) | (3.40) | (2.85) | (2.04) | (2.55) | -- | -- | -- | -- | (2.90) | (2.51) |
| Investing Cash Flow | -- | -- | 0.00 | 0.00 | -0.00 | -- | 0.00 | 0.00 | -0.00 | -0.00 | (0.01) | (0.04) | 0.00 | -0.00 | 0.00 | 0.00 | 0.01 | -- | (0.58) | 0.00 |
| Financing Cash Flow | 2.67 | 7.71 | 0.86 | (0.36) | 9.47 | (0.01) | (0.22) | (0.68) | 19.20 | -- | 0.00 | 0.00 | (0.08) | -- | 28.82 | (0.13) | -- | -- | 12.89 | (0.02) |
* Derived from reported values
