Financial Statements — PALI
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 | 125.17 | 132.63 | 5.23 | 5.42 | 7.23 | 8.04 | 11.35 | 11.28 | 15.31 | 16.40 | 13.30 | 13.99 | 4.98 | 6.64 | 14.10 | 12.65 | 6.56 |
| Accounts Receivable | 0.50 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.25 | -- | -- | -- | 0.00 | 0.06 | 0.03 |
| Total Current Assets | 127.26 | 133.24 | 6.83 | 6.45 | 7.89 | 8.87 | 12.31 | 12.01 | 16.27 | 17.41 | 14.31 | 15.16 | 7.42 | 8.26 | 16.09 | 14.73 | 8.76 |
| Property, Plant & Equipment | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
| Intangible Assets | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.14 |
| Total Non-current Assets* | 0.06 | 0.07 | 0.14 | 0.22 | 0.30 | 0.47 | 0.56 | 0.64 | 0.80 | 0.88 | 0.95 | 1.11 | 0.39 | 0.09 | 0.18 | 0.22 | 0.16 |
| Total Assets | 127.32 | 133.32 | 6.97 | 6.67 | 8.19 | 9.34 | 12.87 | 12.65 | 17.07 | 18.29 | 15.26 | 16.27 | 7.81 | 8.35 | 16.27 | 14.95 | 8.91 |
| Accounts Payable | 1.84 | 2.70 | 1.43 | 1.37 | 0.75 | 0.37 | 0.51 | 0.46 | 0.95 | 0.92 | 0.71 | 1.73 | 1.04 | 1.15 | 1.38 | 1.41 | -- |
| Total Current Liabilities | 5.25 | 5.62 | 3.48 | 3.97 | 2.78 | 2.68 | 2.84 | 2.47 | 2.65 | 2.34 | 1.32 | 3.51 | 2.86 | 1.86 | 2.92 | 3.85 | 1.01 |
| Long-term Debt | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.57 | 1.14 | -- |
| Total Non-current Liabilities* | 0.32 | 0.33 | 0.28 | 0.08 | 0.08 | 0.05 | 0.09 | 0.12 | 0.34 | 0.16 | 0.20 | 0.32 | 0.74 | 1.69 | 9.43 | 20.54 | 0.17 |
| Total Liabilities | 5.57 | 5.95 | 3.76 | 4.05 | 2.86 | 2.73 | 2.92 | 2.59 | 2.99 | 2.49 | 1.52 | 3.84 | 3.60 | 3.56 | 12.35 | 24.39 | 1.19 |
| Retained Earnings | -- | -- | -- | 141.00 | 138.20 | 132.60 | (129.10) | (125.00) | 118.50 | 114.90 | 111.50 | 105.20 | 101.20 | 98.80 | (95.71) | (103.80) | (240.53) |
| Total Stockholder Equity | 121.75 | 127.36 | 3.21 | 2.62 | 5.33 | 6.61 | 9.95 | 10.06 | 14.08 | 15.80 | 13.75 | 12.43 | 4.21 | 4.79 | 3.92 | (9.44) | 7.73 |
* 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 | 0.50 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.25 | 0.00 | 0.00 | 0.00 | 0.00 | -- | 0.00 |
| Research & Development | 6.00 | 6.00 | -- | -- | -- | -- | -- | 16.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Selling, General & Admin | 4.80 | 4.35 | 3.81 | 1.53 | 1.17 | 1.36 | 1.30 | 1.46 | 1.58 | 1.46 | 1.56 | 1.67 | 1.43 | 1.54 | 1.51 | 2.08 | 2.26 | 2.93 | 2.77 | 2.39 |
| Total Operating Expenses | 12.20 | 10.75 | 9.98 | 2.92 | 2.84 | 2.31 | 3.38 | 3.59 | 4.21 | 3.67 | 3.15 | 3.78 | 3.61 | 2.78 | 3.85 | 4.41 | 3.57 | 3.89 | 3.79 | 3.02 |
| Operating Income | (11.70) | (10.75) | (9.98) | (2.92) | (2.84) | (2.31) | (3.38) | (3.59) | (4.21) | (3.67) | (3.15) | (3.78) | (3.61) | (2.53) | (3.85) | (4.41) | (3.57) | (3.89) | (3.79) | (3.02) |
| Interest Expense | -- | -- | -- | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 1.72 | 0.03 |
| Net Income | (10.57) | (9.60) | (8.90) | (2.87) | (2.78) | (2.23) | (3.34) | (3.49) | (4.08) | (3.53) | (2.97) | (3.60) | (3.39) | (2.34) | (3.72) | (3.99) | (2.34) | (4.20) | (0.67) | 8.09 |
| Basic EPS | (0.05) | (0.05) | 1.13 | (0.38) | (0.58) | (0.47) | 0.04 | (2.32) | (3.32) | (4.59) | (0.24) | (0.49) | (0.53) | (0.54) | (16.16) | (0.08) | (0.12) | -- | 0.64 | 0.42 |
| Diluted EPS | (0.05) | (0.05) | 1.13 | (0.38) | (0.58) | (0.47) | 0.04 | (2.32) | (3.32) | (4.59) | (0.24) | (0.49) | (0.53) | (0.54) | (16.16) | (0.08) | (0.12) | -- | 0.74 | 0.42 |
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 | (7.60) | (3.89) | (3.14) | (3.55) | (1.82) | (2.33) | (2.38) | (3.13) | (3.50) | (3.18) | (2.75) | (2.66) | (2.20) | (3.53) | (3.31) | (3.04) | (3.25) | (3.76) | (3.05) | (2.75) |
| Capital Expenditures | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | -- | 0.00 | 0.00 | 0.00 | -- | -- | -- | -- | -- | 0.00 | 0.00 |
| Free Cash Flow* | -- | -- | -- | -- | -- | -- | (2.38) | (3.13) | (3.50) | -- | (2.75) | (2.66) | (2.20) | -- | -- | -- | -- | -- | (3.05) | (2.75) |
| Investing Cash Flow | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | -- | 0.00 | 0.00 | -0.00 | -- | (0.01) | 0.00 | 0.00 | -- | 0.00 | (0.35) |
| Financing Cash Flow | 0.15 | 3.13 | 131.33 | 3.36 | 0.00 | (0.26) | 4.16 | (0.18) | 3.58 | 2.02 | (0.13) | 1.57 | 5.31 | 4.44 | 1.71 | 12.05 | 1.59 | (0.09) | (0.55) | 4.55 |
* Derived from reported values
