Financial Statements — NIXXW
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 | 0.33 | 1.03 | 0.12 | 0.94 | 0.29 | 2.22 | 0.26 | 0.31 | 0.30 | 0.44 | 0.24 | 0.01 | 1.71 | 0.91 | -- | 0.09 | 0.66 |
| Short-term Investments | 1.44 | 2.11 | 0.03 | 0.10 | 0.14 | 0.14 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 3.40 | 1.71 | 1.05 | 0.43 | 1.31 | 0.04 | 0.04 | 0.06 | 0.07 | 1.40 | 1.99 | 4.52 | 4.26 | 4.84 | 5.16 | 2.92 | 1.78 |
| Total Current Assets | 5.30 | 5.08 | 1.27 | 1.62 | 1.83 | 2.55 | 0.81 | 0.87 | 2.67 | 2.11 | 2.57 | 4.94 | 6.37 | 6.20 | 10.82 | 3.40 | 2.63 |
| Property, Plant & Equipment | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.02 | 0.03 | 0.04 | 0.05 | 0.06 | 0.07 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Goodwill | 0.00 | 0.00 | 2.41 | 2.41 | 2.41 | 7.10 | 7.10 | 7.10 | 7.10 | 7.10 | 7.10 | 7.10 | 7.68 | 7.68 | 9.16 | 4.93 | 3.52 |
| Intangible Assets | 9.79 | 10.51 | 12.41 | 9.23 | 7.53 | 1.61 | 1.84 | 2.11 | 5.46 | 5.78 | 2.27 | 6.64 | 8.58 | 8.73 | 9.36 | 5.65 | 6.49 |
| Total Non-current Assets* | 9.79 | 10.51 | 14.81 | 11.63 | 9.94 | 8.70 | 8.96 | 9.25 | 8.77 | 9.10 | 9.43 | 13.81 | 16.26 | 16.42 | 18.53 | 11.15 | 10.13 |
| Total Assets | 15.09 | 15.59 | 16.08 | 13.25 | 11.77 | 11.25 | 9.77 | 10.11 | 11.43 | 11.20 | 12.00 | 18.75 | 22.63 | 22.62 | 29.35 | 14.56 | 12.76 |
| Accounts Payable | 4.56 | 3.08 | 2.11 | 1.59 | 2.48 | 1.26 | 1.30 | 1.24 | 1.34 | 1.39 | 1.76 | 1.58 | 1.34 | 1.19 | 0.81 | 1.17 | 0.75 |
| Total Current Liabilities | 6.82 | 5.49 | 5.49 | 6.52 | 6.21 | 4.42 | 7.16 | 7.15 | 9.55 | 8.34 | 8.36 | 9.04 | 8.84 | 6.80 | 7.55 | 21.00 | 25.46 |
| Long-term Debt | -- | -- | 0.00 | 1.20 | 1.20 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.06 | 0.07 |
| Total Non-current Liabilities* | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 1.03 | 0.23 | 0.63 | 2.09 | 3.17 | 0.06 | 0.09 |
| Total Liabilities | 6.82 | 5.49 | 5.49 | 6.52 | 6.21 | 4.42 | 7.16 | 7.15 | 9.55 | 9.34 | 9.38 | 9.26 | 9.47 | 8.89 | 10.71 | 21.07 | 25.55 |
| Retained Earnings | (115.56) | (113.26) | (109.90) | (107.74) | (103.57) | (91.52) | (78.21) | (77.20) | (75.09) | (74.06) | (73.07) | (62.52) | (56.23) | (55.04) | (44.93) | (37.28) | (40.81) |
| Total Stockholder Equity | 8.27 | 10.10 | 10.40 | 6.56 | 5.36 | 6.83 | 2.61 | 2.97 | 1.88 | 1.86 | 2.62 | 9.49 | 13.16 | 13.73 | 18.63 | (6.51) | (12.79) |
* 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 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 16.09 | 29.09 | 51.13 | 31.91 | 13.47 | 1.40 | 0.12 | 0.14 | 0.13 | 0.22 | (2.33) | 0.18 | 2.04 | 3.29 | 4.42 | 6.97 | 7.11 | 6.87 | 6.26 | 4.38 |
| Cost of Revenue | -- | -- | -- | -- | -- | -- | -0.00 | 0.00 | 0.00 | 0.00 | (1.69) | 0.25 | 1.60 | 2.56 | 3.49 | 4.78 | 4.18 | 4.18 | 3.95 | 2.95 |
| Gross Profit | -- | -- | -- | -- | -- | -- | 0.12 | 0.14 | 0.13 | 0.22 | (0.64) | (0.07) | 0.44 | 0.74 | 0.94 | 2.19 | 2.93 | 2.69 | 2.30 | 1.43 |
| Research & Development | 0.00 | 0.00 | 0.02 | 0.19 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.08 | 0.08 | 0.24 | 0.21 | 0.47 | 0.09 | 0.59 | -- | -- |
| Selling, General & Admin | 0.82 | 0.57 | (0.20) | 1.28 | 2.25 | 3.93 | 1.86 | 5.36 | 0.80 | 0.89 | 0.87 | 1.53 | 0.89 | 2.83 | 6.06 | 0.07 | 4.10 | 5.10 | 4.88 | 3.06 |
| Total Operating Expenses* | 17.71 | 30.32 | 53.22 | 34.08 | 16.19 | 6.17 | 7.55 | 5.63 | 1.12 | 1.27 | 1.26 | 2.03 | 1.38 | 3.54 | 5.79 | 7.61 | 5.26 | 6.82 | 8.86 | 3.89 |
| Operating Income | (1.62) | (1.22) | (2.09) | (2.16) | (2.73) | (4.78) | (7.42) | (5.49) | -- | -- | (1.90) | (2.09) | (0.94) | (2.80) | (4.86) | (5.42) | (2.33) | (4.13) | (6.56) | (2.45) |
| Interest Expense | -- | -- | -- | -- | -- | -- | (0.62) | 0.10 | 0.15 | 0.37 | (1.76) | 0.62 | 0.65 | 0.51 | 0.63 | 0.21 | 0.06 | 0.07 | -- | 1.59 |
| Pretax Income | (2.30) | 0.54 | (2.10) | (2.20) | (4.26) | (4.54) | (7.25) | (13.31) | (0.98) | (1.05) | (2.13) | (1.31) | (0.98) | (3.32) | (5.17) | -- | (1.19) | (4.18) | (7.65) | 3.53 |
| 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 | (2.30) | 0.54 | (4.09) | (2.16) | (4.17) | (4.54) | (7.49) | (13.31) | (1.02) | (0.78) | (1.33) | (1.03) | (0.98) | (3.32) | (5.48) | (5.63) | (1.19) | (4.18) | (7.65) | (6.28) |
| Basic EPS | (0.08) | 0.02 | (0.11) | (0.10) | (0.22) | (0.30) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (0.56) | 0.99 |
| Diluted EPS | (0.08) | 0.02 | (0.11) | (0.10) | (0.22) | (0.30) | (0.41) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (0.56) | (0.69) |
* Derived from reported values
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 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | (0.98) | (0.38) | (0.52) | (1.02) | (1.19) | (1.84) | (2.39) | (0.48) | (0.55) | (0.67) | 0.93 | (0.16) | (0.18) | (1.53) | (2.29) | (2.92) | (0.54) | (1.20) | (5.10) | (0.57) |
| Capital Expenditures | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | -- | -- | -- | 0.07 | -- | -- | -- | -- |
| Free Cash Flow* | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (0.16) | -- | -- | -- | (3.00) | -- | -- | -- | -- |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | (0.40) | 0.00 | 1.51 | 0.15 | 0.10 | 0.00 | 0.00 | 0.00 | -- | 1.05 | (0.63) | (0.76) | 0.00 | (2.04) | 0.22 |
| Financing Cash Flow | 0.28 | 1.23 | 0.58 | 0.20 | 1.84 | 0.00 | 2.70 | 0.94 | 0.35 | (0.13) | (0.21) | 0.01 | 0.39 | 0.82 | 2.18 | 1.85 | 2.11 | (0.48) | 12.40 | (0.23) |
* Derived from reported values