Financial Statements — OWLT
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 | 30.95 | 35.46 | 23.76 | 21.83 | 16.31 | 21.50 | 15.36 | 18.40 | 15.17 | 24.75 | 24.77 | 23.17 | 37.26 | 68.74 | 114.90 | 0.47 | 0.83 |
| Accounts Receivable | 33.13 | 19.86 | 28.58 | 24.37 | 16.52 | 17.15 | 16.90 | 11.60 | 9.42 | 12.98 | 15.40 | 20.52 | 23.99 | 16.64 | 24.58 | -- | -- |
| Inventory | 15.66 | 18.19 | 14.53 | 11.38 | 11.81 | 10.60 | 8.10 | 7.74 | 11.04 | 12.39 | 14.74 | 23.79 | 29.39 | 24.71 | 10.23 | -- | -- |
| Total Current Assets | 88.32 | 82.45 | 71.64 | 60.74 | 48.42 | 52.28 | 42.53 | 40.02 | 37.53 | 51.75 | 59.86 | 73.58 | 93.93 | 116.74 | 156.79 | 0.70 | 1.11 |
| Property, Plant & Equipment | 0.87 | 0.78 | 0.37 | 0.28 | 0.21 | 0.22 | 0.41 | 0.87 | 1.79 | 2.25 | 2.76 | 1.38 | 1.71 | 1.74 | 1.89 | -- | -- |
| Intangible Assets | 2.02 | 1.75 | 1.22 | 0.98 | 1.05 | 0.87 | 2.22 | 2.21 | 2.22 | 2.25 | 2.27 | 2.33 | 2.40 | 2.10 | 0.59 | -- | -- |
| Total Non-current Assets* | 5.25 | 4.31 | 3.23 | 2.80 | 2.98 | 3.85 | 3.37 | 3.81 | 4.76 | 5.52 | 6.07 | 7.11 | 7.96 | 7.38 | 3.49 | 230.10 | 230.09 |
| Total Assets | 93.57 | 86.76 | 74.86 | 63.54 | 51.40 | 56.13 | 45.90 | 43.83 | 42.29 | 57.26 | 65.93 | 80.68 | 101.88 | 124.12 | 160.28 | 230.80 | 231.20 |
| Accounts Payable | 12.14 | 11.78 | 17.66 | 12.90 | 12.71 | 11.52 | 17.51 | 16.06 | 18.36 | 22.76 | 30.84 | 28.49 | 27.59 | 23.52 | 16.46 | -- | -- |
| Total Current Liabilities | 53.84 | 48.14 | 62.94 | 52.80 | 40.70 | 35.69 | 42.15 | 39.46 | 41.10 | 48.38 | 50.72 | 72.13 | 72.86 | 71.57 | 56.32 | 4.77 | 3.46 |
| Long-term Debt | 0.00 | 1.95 | 2.93 | 3.38 | 3.85 | 4.59 | 2.11 | 4.03 | 7.26 | 7.20 | 8.30 | 12.00 | 11.09 | 13.62 | 18.93 | -- | -- |
| Total Non-current Liabilities* | 0.90 | 2.77 | 50.53 | 55.23 | 22.70 | 29.83 | 24.58 | 26.16 | 26.22 | 30.61 | 31.17 | 4.13 | 7.48 | 22.73 | 26.98 | 33.39 | 26.51 |
| Total Liabilities | 54.74 | 50.91 | 113.46 | 108.02 | 63.40 | 65.52 | 66.73 | 65.62 | 67.33 | 78.99 | 81.89 | 76.26 | 80.35 | 94.30 | 83.30 | 38.16 | 29.97 |
| Retained Earnings | (311.07) | (311.21) | (298.68) | (302.82) | (265.17) | (259.14) | (253.53) | (252.38) | (248.73) | (243.09) | (234.62) | (203.26) | (183.90) | (172.18) | (119.37) | (15.32) | (6.73) |
| Total Stockholder Equity | 23.14 | 21.01 | (54.14) | (59.16) | (25.81) | (21.46) | (33.43) | (32.93) | (31.95) | (27.32) | (20.48) | 4.42 | 21.54 | 29.82 | 76.97 | 5.00 | 5.00 |
* 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 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Total Revenue | 33.87 | 22.46 | 26.55 | 31.99 | 26.06 | 21.10 | 22.12 | 20.70 | 14.75 | 20.49 | 9.18 | 13.09 | 10.74 | 17.36 | 18.35 | 21.54 | 11.96 | 31.51 | -- | 21.91 |
| Cost of Revenue | 12.04 | 10.22 | 13.93 | 15.79 | 12.68 | 9.78 | 10.58 | 10.45 | 8.20 | 9.52 | 5.85 | 7.86 | 6.58 | 12.75 | 11.73 | 12.78 | 8.64 | 16.62 | -- | -- |
| Gross Profit | 21.82 | 12.24 | 12.63 | 16.20 | 13.38 | 11.33 | 11.55 | 10.25 | 6.55 | 10.96 | 3.33 | 5.23 | 4.15 | 4.61 | 6.62 | 8.76 | 3.32 | 14.88 | -- | -- |
| Research & Development | 4.56 | 3.96 | 3.64 | 3.79 | 3.75 | 2.90 | 2.56 | 2.35 | 2.35 | 2.54 | 2.43 | 2.75 | 2.89 | 7.07 | 7.77 | 8.55 | 4.51 | 6.32 | -- | -- |
| Selling, General & Admin | 9.57 | 9.30 | 8.65 | 6.27 | 7.23 | 7.09 | 9.79 | 6.29 | 6.05 | 11.84 | 5.45 | 6.12 | 8.87 | 9.67 | 9.49 | 10.28 | 12.11 | 9.25 | 1.72 | 3.59 |
| Total Operating Expenses | 20.08 | 17.73 | 17.51 | 14.98 | 15.30 | 14.00 | 16.37 | 12.50 | 12.29 | 18.37 | 11.21 | 11.95 | 15.11 | 26.43 | 26.99 | 30.45 | 24.06 | 28.64 | -- | -- |
| Operating Income | 1.74 | (5.49) | (4.89) | 1.22 | (1.92) | (2.67) | (4.82) | (2.24) | (5.75) | (7.41) | (7.88) | (6.71) | (10.96) | (21.82) | (20.36) | (21.70) | (20.74) | (13.76) | (1.72) | (3.59) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | (0.02) | 0.16 | 0.19 | 0.13 | 0.05 | 2.81 | -- | 0.20 | 0.23 | 0.26 | 0.48 | -- | -- |
| Pretax Income | (0.61) | (3.33) | (9.22) | 4.14 | (37.61) | 3.04 | (5.61) | (1.12) | 3.27 | (9.02) | (5.64) | (8.46) | (11.87) | (19.37) | (11.69) | (28.75) | (19.50) | (34.44) | (8.59) | 1.52 |
| Tax Provision | 0.01 | 0.01 | (0.03) | 0.01 | 0.03 | 0.01 | 0.00 | 0.02 | 0.00 | 0.03 | 0.00 | 0.01 | 0.00 | -0.00 | 0.03 | 0.01 | 0.00 | (0.01) | 0.00 | 0.00 |
| Net Income | (0.62) | (3.34) | -- | 4.13 | (37.65) | 3.03 | (5.61) | (1.15) | 3.27 | (9.05) | (5.64) | (8.47) | (11.87) | (19.36) | (11.72) | (28.76) | (19.50) | (34.46) | (8.59) | 1.52 |
| Basic EPS | (0.05) | (0.15) | (0.22) | 0.17 | (2.37) | 0.11 | (0.61) | (0.30) | 0.15 | (0.81) | (0.84) | (1.19) | (0.11) | (0.17) | (0.11) | (0.26) | (0.17) | -- | -- | -- |
| Diluted EPS | (0.05) | (0.25) | -- | (0.06) | (2.37) | 0.11 | (0.61) | (0.30) | (0.51) | (0.15) | (0.84) | (1.19) | (0.11) | (0.17) | (0.11) | (0.26) | (0.17) | -- | -- | -- |
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Operating Cash Flow | (0.09) | (5.05) | (0.45) | (2.17) | (2.24) | (5.92) | (7.86) | (3.33) | (3.34) | (1.58) | (5.19) | (7.38) | (9.37) | (15.89) | (28.26) | (27.40) | (5.85) | (33.90) | (0.36) | (0.44) |
| Capital Expenditures | 0.54 | 0.02 | 0.20 | 0.01 | 0.06 | 0.00 | -0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.01 | 0.06 | 0.19 | 0.23 | 0.09 | 0.88 | -- | -- |
| Free Cash Flow* | (0.63) | (5.06) | (0.65) | (2.18) | (2.31) | (5.93) | (7.85) | (3.34) | (3.34) | (1.58) | (5.20) | (7.38) | (9.38) | (15.96) | (28.45) | (27.63) | (5.94) | (34.79) | -- | -- |
| Investing Cash Flow | (0.94) | (0.41) | (0.49) | (0.25) | (0.09) | (0.11) | (0.60) | (0.07) | (0.05) | (0.03) | (0.01) | (0.01) | (0.01) | (0.16) | (0.54) | (0.70) | (0.46) | (1.56) | -- | -- |
| Financing Cash Flow | (3.43) | 5.46 | 17.89 | 4.36 | 7.85 | 2.01 | 14.98 | 0.37 | 5.23 | 3.00 | (4.38) | 7.38 | 22.92 | 1.97 | (2.67) | 1.78 | (13.53) | 134.17 | 0.00 | (0.02) |
* Derived from reported values
