Financial Statements — NEON
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 | 21.32 | 23.23 | 11.59 | 13.24 | 14.99 | 17.60 | 13.11 | 14.27 | 18.47 | 20.29 | 20.98 | 11.30 | 12.43 | 15.13 | 5.50 | 6.61 | 8.15 |
| Accounts Receivable | 0.43 | 0.53 | 0.65 | -- | -- | -- | 1.25 | 1.07 | 0.93 | 1.30 | 1.94 | 1.01 | 1.10 | 1.14 | 0.76 | 1.22 | 1.33 |
| Inventory | -- | -- | -- | -- | -- | -- | 0.21 | 0.49 | 4.31 | 3.67 | 3.85 | 4.34 | 4.40 | 3.55 | 2.40 | 2.09 | 1.68 |
| Total Current Assets | 22.38 | 24.43 | 32.19 | 14.41 | 16.26 | 19.56 | 15.09 | 16.59 | 24.46 | 25.92 | 27.42 | 17.33 | 18.46 | 20.54 | 9.25 | 10.57 | 11.97 |
| Property, Plant & Equipment | 0.12 | 0.14 | 0.16 | 0.10 | 0.10 | 0.08 | 0.08 | 0.20 | 0.20 | 0.21 | 0.28 | 0.28 | 0.35 | 0.32 | 0.49 | 0.66 | 0.81 |
| Total Non-current Assets* | 1.26 | 0.48 | 0.63 | 0.65 | 0.71 | 0.08 | 0.10 | 0.33 | 0.35 | 0.37 | 27.81 | 17.79 | 19.11 | 21.31 | 10.23 | 11.86 | 13.52 |
| Total Assets | 23.63 | 24.91 | 32.82 | 15.06 | 16.97 | 19.64 | 15.19 | 16.92 | 24.82 | 26.30 | 27.81 | 17.79 | 19.11 | 21.31 | 10.23 | 11.86 | 13.52 |
| Accounts Payable | 0.25 | 0.37 | 0.53 | 0.23 | 0.40 | 0.21 | 0.32 | 0.49 | 0.51 | 0.51 | 0.31 | 0.36 | 0.28 | 0.80 | 0.64 | 0.75 | 0.49 |
| Total Current Liabilities | 2.06 | 2.05 | 5.93 | 2.22 | 2.12 | 1.64 | 1.87 | 1.86 | 1.81 | 1.97 | 1.84 | 1.80 | 2.10 | 2.64 | 3.10 | 3.43 | 3.15 |
| Total Non-current Liabilities* | 0.81 | 0.01 | 0.09 | 0.19 | 0.28 | 0.00 | 0.00 | 0.01 | 0.02 | 0.05 | 0.06 | 0.10 | 0.15 | 0.20 | 0.06 | 0.11 | 0.30 |
| Total Liabilities | 2.87 | 2.06 | 6.02 | 2.41 | 2.40 | 1.64 | 1.87 | 1.87 | 1.84 | 2.01 | 1.90 | 1.90 | 2.25 | 2.84 | 3.16 | 3.54 | 3.45 |
| Retained Earnings | (219.56) | (217.45) | (213.50) | (227.68) | (225.81) | (222.48) | (221.39) | (219.70) | (211.69) | (210.42) | (208.92) | (206.34) | (205.54) | (203.99) | (201.10) | (199.38) | (197.73) |
| Total Stockholder Equity | 20.76 | 22.85 | 26.80 | 12.65 | 14.58 | 18.00 | 13.32 | 15.05 | 22.98 | 24.28 | 25.91 | 20.33 | 21.11 | 22.57 | 10.70 | 11.82 | 13.40 |
* 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 | 0.48 | 0.61 | 0.52 | 0.43 | 0.60 | 0.51 | (0.17) | 0.84 | 1.42 | 1.01 | 0.99 | 1.00 | 1.20 | 1.25 | 1.87 | 1.22 | 1.27 | 1.32 | 1.49 | 0.96 |
| Cost of Revenue | 0.01 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | (0.79) | 0.02 | 0.49 | 0.40 | 4.23 | 0.23 | 0.04 | 0.05 | 0.56 | 0.08 | 0.11 | 0.06 | 0.36 | 0.10 |
| Gross Profit | 0.47 | 0.61 | 0.52 | 0.42 | 0.59 | 0.50 | 0.62 | 0.82 | 0.94 | 0.62 | (3.24) | 0.78 | 1.16 | 1.21 | 1.31 | 1.14 | 1.16 | 1.26 | 1.13 | 0.86 |
| Research & Development | 1.00 | 0.91 | 0.94 | 0.79 | 1.07 | 0.98 | 0.75 | 0.82 | 0.98 | 0.90 | 1.14 | 0.83 | 1.06 | 0.80 | 1.00 | 0.79 | 1.15 | 1.02 | 0.01 | 1.01 |
| Selling, General & Admin | 1.05 | 1.17 | 1.38 | 0.86 | 1.03 | 0.85 | 0.65 | 0.73 | 1.23 | 1.16 | 1.05 | 0.89 | 1.04 | 1.38 | 1.13 | 0.96 | 1.05 | 1.01 | 2.34 | 1.03 |
| Total Operating Expenses | 2.79 | 2.68 | 2.88 | 2.12 | 2.70 | 2.47 | 1.88 | 2.04 | 2.75 | 2.87 | 2.85 | 2.23 | 2.79 | 2.78 | 2.56 | 2.10 | 2.84 | 2.65 | 2.99 | 2.69 |
| Operating Income | (2.32) | (2.07) | (2.36) | 13.81 | (2.11) | (1.96) | (1.26) | (1.23) | (1.81) | (2.25) | (6.09) | (1.46) | (1.63) | (1.57) | (1.25) | (0.96) | (1.69) | (1.39) | (1.86) | (1.82) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (0.16) | -- | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Pretax Income | (2.14) | (1.86) | (2.11) | 13.93 | (1.98) | (1.81) | (1.05) | (1.05) | (1.68) | (2.07) | (5.90) | (1.23) | (1.46) | (1.41) | (1.14) | (0.96) | (1.67) | (1.39) | (1.86) | (1.82) |
| Tax Provision | 0.00 | 0.00 | 0.00 | 0.00 | (0.01) | (0.01) | 0.01 | (0.01) | 0.01 | 0.01 | 0.02 | 0.04 | 0.05 | 0.01 | 0.01 | 0.03 | 0.03 | 0.04 | 0.04 | 0.03 |
| Net Income | (2.11) | (1.86) | (2.09) | 14.18 | (1.87) | (1.73) | (1.60) | (1.09) | (1.69) | (2.08) | (5.92) | (1.27) | (1.51) | (1.42) | (1.10) | (0.80) | (1.55) | (1.44) | -- | (1.72) |
| Basic EPS | (0.13) | (0.11) | (0.13) | 0.85 | (0.11) | (0.10) | (0.09) | (0.07) | (0.11) | (0.14) | (0.93) | 0.08 | 0.10 | 0.09 | (0.63) | 0.06 | 0.11 | 0.10 | -- | -- |
| Diluted EPS | -- | -- | -- | -- | (0.11) | (0.10) | (0.09) | (0.07) | (0.11) | (0.14) | (0.38) | (0.08) | (0.10) | (0.10) | (0.09) | (0.06) | -- | -- | -- | -- |
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 | (1.90) | (2.11) | (5.62) | (1.53) | (1.75) | (1.36) | (1.16) | (1.29) | (1.22) | (1.91) | (2.21) | (1.78) | (0.62) | (1.70) | (1.11) | (0.48) | (2.93) | (2.28) | (2.70) | (1.57) |
| Capital Expenditures | 0.00 | 0.01 | 0.00 | 0.08 | (0.02) | 0.04 | 0.00 | 0.02 | 0.04 | -- | 0.07 | 0.01 | 0.04 | -- | -- | -- | -- | -- | -- | 0.00 |
| Free Cash Flow* | (1.90) | (2.12) | (5.62) | (1.60) | (1.72) | (1.40) | (1.16) | (1.32) | (1.26) | -- | (2.27) | (1.79) | (0.65) | -- | -- | -- | -- | -- | -- | (1.57) |
| Investing Cash Flow | -0.00 | (0.01) | 19.39 | (0.07) | 0.03 | (0.04) | -0.00 | 0.00 | 0.15 | -- | (0.06) | (0.02) | (0.04) | -- | 0.00 | (0.01) | (0.04) | -0.00 | 0.00 | 0.00 |
| Financing Cash Flow | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | 5.79 | -0.00 | (0.01) | (0.01) | (0.02) | (0.02) | 7.84 | 4.66 | (0.05) | (0.04) | (0.06) | 14.41 | 0.46 |
* Derived from reported values
