Financial Statements — NCEL
Balance Sheet
(in millions USD)| Metric | Q2
2025 | Q2
2024 | Q2
2023 | Q2
2022 | Q2
2021 |
|---|
| Cash & Equivalents | 3.07 | 0.55 | 1.65 | 1.35 | 7.09 |
| Total Current Assets | 4.04 | 1.19 | 2.25 | 2.02 | 8.24 |
| Property, Plant & Equipment | 0.01 | 0.00 | 0.01 | 0.02 | 0.03 |
| Total Non-current Assets* | 0.30 | 0.00 | 0.02 | 0.04 | 0.03 |
| Total Assets | 4.34 | 1.19 | 2.27 | 2.06 | 8.27 |
| Accounts Payable | 1.02 | 4.58 | 3.11 | 2.52 | 0.53 |
| Short-term Debt | -- | -- | -- | -- | 0.15 |
| Total Current Liabilities | -- | 7.72 | 3.89 | 3.41 | 1.19 |
| Long-term Debt | -- | -- | -- | -- | 0.00 |
| Total Non-current Liabilities* | -- | 2.74 | 2.66 | 2.69 | 2.83 |
| Total Liabilities | 1.46 | 10.46 | 6.56 | 6.10 | 4.02 |
| Retained Earnings | (74.81) | (72.41) | (65.81) | (50.35) | (34.36) |
| Total Stockholder Equity | 2.88 | (9.27) | (4.29) | (4.04) | 4.25 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2
2025 | Q2
2024 | Q2
2023 | Q2
2022 | Q2
2021 |
|---|
| Research & Development | 0.14 | 0.27 | 4.38 | 5.54 | 1.86 |
| Selling, General & Admin | 1.64 | 1.78 | 3.17 | 3.14 | 2.68 |
| Total Operating Expenses | 2.20 | 2.05 | 7.55 | 8.69 | 4.54 |
| Operating Income | (2.20) | (2.05) | (7.55) | (8.69) | (4.54) |
| Net Income | (2.22) | (2.04) | (7.61) | (8.64) | (4.60) |
| Basic EPS | (1.05) | (1.94) | (0.20) | (0.54) | -- |
| Diluted EPS | (1.05) | (1.94) | (0.20) | (0.54) | -- |
Cash Flow Statement
(in millions USD)| Metric | Q2
2025 | Q2
2024 | Q2
2023 | Q2
2022 | Q2
2021 |
|---|
| Operating Cash Flow | (2.07) | (1.53) | (7.30) | (7.67) | (9.73) |
| Capital Expenditures | -- | -- | -- | 0.03 | 0.03 |
| Free Cash Flow* | -- | -- | -- | (7.70) | (9.77) |
| Investing Cash Flow | -- | -- | -- | (0.03) | (0.03) |
| Financing Cash Flow | 3.48 | 1.19 | -- | 3.59 | 16.79 |
* Derived from reported values
