Financial Statements — NPCE
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 | 12.54 | 14.78 | 20.65 | 22.86 | 27.02 | 15.42 | 12.84 | 13.00 | 9.72 | 7.86 | 6.72 | 5.69 | 5.70 | 7.49 | 26.63 | 31.25 | 13.84 |
| Short-term Investments | 39.16 | 39.20 | 39.37 | 39.28 | 39.24 | 41.41 | 42.69 | 45.95 | 51.63 | 55.72 | 60.90 | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 14.93 | 14.79 | 14.94 | 13.55 | 15.44 | 11.56 | 11.24 | 11.63 | 11.28 | 10.88 | 9.19 | 7.88 | 8.47 | 9.06 | 6.61 | 7.71 | 8.20 |
| Inventory | 18.11 | 16.69 | 18.14 | 16.35 | 13.58 | 12.08 | 11.36 | 11.42 | 9.76 | 10.01 | 10.75 | 8.58 | 8.42 | 8.10 | 7.16 | 6.97 | 7.04 |
| Total Current Assets | 86.19 | 86.98 | 95.33 | 93.74 | 97.48 | 82.59 | 80.23 | 84.25 | 83.97 | 86.51 | 90.16 | 104.37 | 112.46 | 122.42 | 140.49 | 146.40 | 47.09 |
| Property, Plant & Equipment | 1.24 | 1.28 | 1.11 | 1.16 | 1.16 | 1.04 | 1.00 | 1.05 | 0.95 | 0.98 | 1.02 | 0.89 | 0.95 | 0.86 | 0.62 | 0.43 | 0.48 |
| Total Non-current Assets* | 10.80 | 11.92 | 11.93 | 12.37 | 12.73 | 13.71 | 14.16 | 14.60 | 15.33 | 15.72 | 16.11 | 16.10 | 6.08 | 6.56 | 0.77 | 0.57 | 3.24 |
| Total Assets | 96.99 | 98.90 | 107.26 | 106.11 | 110.21 | 96.30 | 94.39 | 98.85 | 99.30 | 102.23 | 106.27 | 120.47 | 118.54 | 128.98 | 141.26 | 146.97 | 50.32 |
| Accounts Payable | 4.20 | 4.51 | 4.59 | 4.72 | 4.05 | 2.16 | 2.29 | 3.27 | 1.21 | 1.81 | 1.83 | 1.18 | 1.50 | 2.23 | 1.25 | 0.97 | 1.48 |
| Total Current Liabilities | 17.43 | 16.17 | 19.61 | 17.14 | 14.71 | 14.78 | 12.59 | 13.11 | 12.82 | 11.51 | 9.88 | 9.42 | 11.40 | 12.06 | 8.67 | 7.61 | 10.81 |
| Long-term Debt | 59.01 | 59.02 | 58.75 | 58.62 | 59.79 | 59.27 | 59.02 | 58.04 | 55.89 | 54.85 | 53.86 | 51.95 | 51.02 | 50.12 | 49.58 | 49.35 | 49.56 |
| Total Non-current Liabilities* | 67.68 | 68.28 | 69.13 | 69.53 | 71.23 | 71.70 | 71.92 | 71.40 | 70.12 | 69.50 | 68.91 | 67.65 | 54.24 | 54.10 | 50.87 | 50.69 | 54.53 |
| Total Liabilities | 85.11 | 84.44 | 88.74 | 86.68 | 85.94 | 86.48 | 84.50 | 84.51 | 82.94 | 81.01 | 78.78 | 77.07 | 65.64 | 66.16 | 59.55 | 58.30 | 65.34 |
| Retained Earnings | (565.30) | (559.10) | (549.69) | (546.19) | (537.54) | (525.70) | (520.25) | (512.73) | (497.61) | (490.35) | (481.23) | (459.71) | (447.92) | (435.23) | (413.08) | (404.99) | (396.50) |
| Total Stockholder Equity | 11.88 | 14.45 | 18.52 | 19.44 | 24.27 | 9.82 | 9.89 | 14.34 | 16.36 | 21.23 | 27.49 | 43.41 | 52.90 | 62.82 | 81.71 | 88.67 | (156.44) |
* 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 | 22.83 | 22.07 | 26.59 | 27.35 | 23.52 | 22.52 | 21.47 | 21.06 | 19.26 | 18.12 | 18.01 | 16.43 | 16.51 | 14.47 | 12.79 | 11.16 | 10.20 | 11.37 | 11.00 | 10.34 |
| Cost of Revenue | 3.92 | 4.02 | 6.01 | 6.19 | 5.39 | 5.18 | 5.28 | 5.64 | 5.12 | 4.78 | 4.47 | 4.19 | 4.54 | 4.10 | 3.99 | 3.19 | 2.73 | 3.12 | 2.92 | 2.83 |
| Gross Profit | 18.91 | 18.05 | 20.58 | 21.17 | 18.13 | 17.34 | 16.19 | 15.42 | 14.13 | 13.34 | 13.55 | 12.23 | 11.97 | 10.37 | 8.80 | 7.97 | 7.47 | 8.26 | 8.08 | 7.51 |
| Research & Development | 6.90 | 7.19 | 7.03 | 6.58 | 6.85 | 7.44 | 6.05 | 5.75 | 6.07 | 5.78 | 5.38 | 4.80 | 5.34 | 5.26 | 5.09 | 5.61 | 5.67 | 5.58 | 5.35 | 4.33 |
| Selling, General & Admin | 5.03 | 4.84 | 4.38 | 4.59 | 6.07 | 15.05 | 13.79 | 13.91 | 14.30 | 15.10 | 13.22 | 13.39 | 14.48 | 13.43 | 13.57 | 12.55 | 12.77 | 12.44 | 11.75 | 9.42 |
| Total Operating Expenses | 24.05 | 23.62 | 22.35 | 23.77 | 24.96 | 22.49 | 19.84 | 19.66 | 20.36 | 20.89 | 18.60 | 18.18 | 19.83 | 18.69 | 18.66 | 18.16 | 18.44 | 18.02 | 17.09 | 13.75 |
| Operating Income | (5.14) | (5.57) | (1.77) | (2.60) | (6.82) | (5.15) | (3.65) | (4.24) | (6.23) | (7.54) | (5.05) | (5.95) | (7.85) | (8.32) | (9.86) | (10.20) | (10.97) | (9.76) | (9.01) | (6.24) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 2.26 | 2.24 | 2.19 | 2.13 | 1.97 | 1.94 | 1.91 | 1.85 | 1.83 | 1.86 | 1.83 |
| Pretax Income* | -- | (6.69) | (2.73) | (3.50) | (8.65) | (6.59) | -- | (5.45) | (7.51) | (8.93) | -- | (7.26) | (9.12) | (10.37) | -- | (11.78) | (12.69) | (11.46) | -- | (8.08) |
| 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 |
| Net Income | (6.20) | (6.69) | (2.73) | (3.50) | (8.65) | (6.59) | (5.25) | (5.45) | (7.51) | (8.93) | (6.20) | (7.26) | (9.12) | (10.37) | (11.15) | (11.78) | (12.69) | (11.46) | (10.69) | (8.08) |
| Basic EPS | (0.18) | (0.20) | (0.08) | (0.11) | (0.26) | (0.21) | (0.16) | (0.19) | (0.26) | (0.32) | (0.22) | (0.28) | (0.36) | (0.41) | (0.44) | (0.48) | (0.52) | (0.47) | 31.38 | (0.34) |
| Diluted EPS | (0.18) | (0.20) | (0.08) | (0.11) | (0.26) | (0.21) | (0.16) | (0.19) | (0.26) | (0.32) | (0.22) | (0.28) | (0.36) | (0.41) | (0.44) | (0.48) | (0.52) | (0.47) | 31.38 | (0.34) |
* 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 | Q4
2021 | Q3
2021 |
|---|
| Operating Cash Flow | (3.90) | (5.90) | 0.51 | (1.94) | (2.09) | (7.48) | (4.80) | (1.72) | (3.90) | (7.53) | (3.34) | (2.30) | (4.36) | (9.70) | (7.84) | (6.97) | (10.66) | (11.39) | (8.20) | (4.42) |
| Capital Expenditures | 0.13 | 0.12 | 0.10 | 0.03 | 0.17 | 0.04 | 0.04 | 0.10 | 0.06 | 0.10 | 0.03 | 0.01 | 0.00 | 0.13 | 0.10 | 0.03 | 0.16 | 0.31 | 0.15 | 0.18 |
| Free Cash Flow* | (4.03) | (6.02) | 0.41 | (1.97) | (2.25) | (7.52) | (4.84) | (1.82) | (3.96) | (7.63) | (3.37) | (2.31) | (4.36) | (9.83) | (7.94) | (7.01) | (10.82) | (11.70) | (8.36) | (4.60) |
| Investing Cash Flow | (0.12) | (0.12) | (0.10) | (0.03) | (0.17) | (0.04) | 1.96 | 1.40 | 3.24 | 2.40 | 3.47 | 4.19 | 5.30 | 10.07 | 8.90 | 6.97 | 8.24 | (0.31) | (0.15) | (0.19) |
| Financing Cash Flow | 1.18 | (0.17) | 0.64 | (0.23) | (1.91) | 21.11 | 0.85 | 2.90 | 0.51 | 0.07 | 8.21 | (0.03) | 0.20 | (0.25) | (0.14) | (0.01) | 0.64 | 0.00 | 0.91 | 0.00 |
* Derived from reported values
Dividends Per Share
(USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 |
|---|
| Dividends Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
