Financial Statements — NXTS
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 | 7.62 | 4.30 | 6.04 | 3.14 | 2.72 | 2.75 | 4.47 | 3.49 | 1.93 | 2.97 | 4.60 | 6.69 | 4.38 | 5.64 | 7.77 | 9.31 | 0.37 |
| Short-term Investments | 1.26 | 1.90 | 0.24 | 0.27 | 0.23 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | -- | 0.13 | 0.00 | 0.20 | 0.20 | 0.15 | 0.16 | 0.15 | 0.05 | 0.11 | 0.28 | 0.05 | 0.03 | 0.20 | 0.04 | 0.05 | 0.16 |
| Inventory | -- | -- | 0.02 | 0.02 | 0.02 | 0.05 | 0.11 | 0.10 | 0.09 | 0.09 | 0.09 | 0.08 | 0.04 | 0.03 | 0.02 | 0.02 | 0.02 |
| Total Current Assets | 10.40 | 8.22 | 8.66 | 5.02 | 4.34 | 3.37 | 5.46 | 4.42 | 2.85 | 3.96 | 5.28 | 7.51 | 5.00 | 6.20 | 8.51 | 10.10 | 0.70 |
| Property, Plant & Equipment | 0.09 | 0.09 | 0.04 | 0.04 | 0.05 | 0.05 | 0.06 | 0.06 | 0.05 | 0.06 | 0.09 | 0.12 | 0.11 | 0.11 | 0.06 | 0.05 | 0.05 |
| Goodwill | -- | 6.29 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Intangible Assets | 4.23 | 4.33 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Assets* | 8.30 | 8.18 | 2.37 | 2.74 | 3.03 | 0.07 | 0.08 | 0.10 | 2.41 | 2.21 | 0.19 | 0.38 | 0.39 | 0.42 | 0.33 | 0.17 | 0.18 |
| Total Assets | 18.69 | 16.40 | 11.03 | 7.75 | 7.37 | 5.82 | 7.48 | 6.27 | 5.25 | 6.16 | 5.47 | 7.89 | 5.39 | 6.62 | 8.84 | 10.27 | 0.88 |
| Accounts Payable | 0.03 | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.16 | 0.42 | 0.39 | 0.40 | 0.35 | 0.48 | 0.59 | 0.25 | 0.33 | 0.24 |
| Short-term Debt | 0.22 | 0.36 | 1.04 | 1.04 | 0.00 | -- | 1.20 | -- | -- | -- | -- | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 |
| Total Current Liabilities | 2.80 | 1.74 | 2.06 | 1.06 | 0.98 | 0.52 | 1.59 | 0.56 | 0.63 | 0.59 | 0.67 | 0.66 | 0.78 | 0.99 | 0.85 | 1.20 | 0.90 |
| Total Non-current Liabilities* | 14.11 | 1.80 | 0.29 | 1.14 | 2.69 | 0.00 | 0.00 | 0.01 | 0.00 | 0.01 | 0.02 | 0.21 | 0.23 | 0.27 | 0.16 | 0.16 | 0.85 |
| Total Liabilities | 16.91 | 3.54 | 2.35 | 2.20 | 3.67 | 0.52 | 1.59 | 0.57 | 0.63 | 0.60 | 0.70 | 0.87 | 1.00 | 1.26 | 1.02 | 1.36 | 1.76 |
| Retained Earnings | (56.28) | (45.14) | (39.83) | (40.26) | (35.75) | (33.18) | (30.92) | (30.13) | (27.63) | (25.26) | (24.55) | (21.44) | (19.68) | (18.43) | (15.54) | (14.25) | (12.77) |
| Total Stockholder Equity | 1.91 | 12.97 | 8.93 | 5.77 | 3.94 | 5.44 | 5.97 | 5.77 | 4.59 | 5.68 | 4.89 | 7.11 | 4.48 | 5.44 | 7.89 | 8.97 | (0.84) |
* 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 | -- | -- | -- | 0.00 | 0.00 | 0.07 | 0.14 | 0.01 | 0.02 | 0.04 | 0.11 | 0.00 | 0.04 | 0.12 | 0.22 | 0.05 | 0.03 | 0.09 | 0.19 | 0.07 |
| Cost of Revenue | -- | -- | -- | 0.00 | 0.00 | 0.01 | 0.05 | 0.08 | 0.01 | 0.03 | (0.02) | 0.00 | 0.03 | 0.04 | 0.08 | 0.02 | 0.01 | 0.04 | 0.07 | 0.05 |
| Gross Profit | -- | -- | -- | 0.00 | -0.00 | 0.05 | 0.09 | (0.07) | 0.01 | 0.02 | 0.12 | -0.00 | 0.01 | 0.08 | 0.14 | 0.03 | 0.02 | 0.05 | 0.12 | 0.02 |
| Research & Development | 0.37 | 0.28 | 0.10 | 0.05 | 0.01 | 0.02 | 0.12 | 0.12 | 0.01 | 0.12 | 0.11 | 1.69 | 0.02 | 0.12 | 0.25 | 0.20 | 0.11 | 0.21 | 0.18 | 0.07 |
| Selling, General & Admin | 1.26 | 1.90 | 0.49 | 1.24 | 2.77 | 0.60 | 0.91 | 1.29 | 0.81 | 0.74 | 2.09 | 1.10 | 0.74 | 1.63 | 1.20 | 1.48 | 1.04 | 1.00 | 1.42 | 1.17 |
| Total Operating Expenses* | -- | -- | -- | 1.33 | 2.83 | 0.67 | 3.28 | 0.47 | 0.30 | 0.31 | 2.26 | 2.86 | 0.85 | 1.82 | 1.57 | 1.79 | 1.30 | 1.39 | 1.66 | 1.31 |
| Operating Income | (1.87) | (8.22) | 0.55 | (1.33) | (2.83) | (0.62) | (1.00) | (1.55) | (0.87) | (0.90) | (2.14) | (2.86) | (0.84) | (1.74) | (1.43) | (1.77) | (1.28) | (1.35) | (1.54) | (1.29) |
| Pretax Income | (11.18) | (7.45) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Tax Provision | (0.02) | (0.02) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net Income | (11.14) | (6.58) | 1.27 | 0.43 | (4.51) | (1.19) | (1.37) | (2.26) | (0.79) | (0.77) | (1.73) | (2.37) | (0.71) | (1.71) | (1.39) | (1.76) | (1.26) | (1.33) | (1.56) | (1.29) |
| Basic EPS | (13.66) | (10.74) | (3.74) | 0.45 | (0.18) | (0.07) | -- | (0.39) | (0.23) | (0.26) | 7.68 | (1.78) | (0.10) | (0.37) | (0.25) | (0.48) | (0.44) | (0.47) | -- | -- |
| Diluted EPS | (13.66) | (10.74) | (9.01) | 0.97 | (0.18) | (0.39) | (0.01) | (0.39) | (0.23) | (0.26) | 10.12 | (1.78) | (0.10) | -- | -- | -- | -- | -- | -- | -- |
* 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 | (0.54) | (1.42) | (1.50) | (0.97) | (0.53) | (0.81) | (0.49) | (0.89) | (1.03) | (1.01) | (0.97) | (0.62) | (0.53) | (1.11) | (0.97) | (1.77) | (1.27) | (1.09) | (0.93) | (1.46) |
| Capital Expenditures | 0.00 | 0.07 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.02 | 0.01 | 0.02 | 0.05 | 0.02 |
| Free Cash Flow* | (0.54) | (1.49) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (0.97) | (1.79) | (1.28) | (1.11) | (0.98) | (1.47) |
| Investing Cash Flow | (0.11) | (0.45) | (1.33) | (0.27) | (0.45) | (1.18) | (0.52) | (1.21) | (0.16) | -- | -0.00 | (0.42) | (1.10) | -- | (0.02) | (0.02) | 0.00 | (0.02) | (0.06) | (0.03) |
| Financing Cash Flow | 3.95 | 2.20 | 0.76 | 4.16 | 1.40 | 2.53 | 0.45 | 0.39 | 2.17 | 0.04 | -- | -- | -- | -- | -0.00 | 4.10 | -0.00 | -0.00 | (0.02) | (0.02) |
* Derived from reported values