Financial Statements — POLA
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 | 0.18 | 0.03 | 0.00 | 0.18 | 0.07 | 0.50 | 1.12 | 0.21 | 0.30 | 0.29 | 0.12 | 0.36 | 2.66 | 4.19 | 7.71 | 8.54 | 11.36 |
| Accounts Receivable | 0.57 | 1.51 | 0.86 | 2.03 | 1.69 | 2.95 | 2.31 | 1.28 | 1.58 | 3.72 | 3.22 | 1.22 | 3.99 | 3.62 | 3.52 | 4.88 | 2.71 |
| Inventory | 9.23 | 9.55 | 10.89 | 12.99 | 13.13 | 15.03 | 15.78 | 16.22 | 19.16 | 17.69 | 16.88 | 15.63 | 11.99 | 10.49 | 8.60 | 8.22 | 8.55 |
| Total Current Assets | 10.04 | 11.16 | 11.82 | 15.24 | 14.96 | 18.65 | 19.59 | 20.95 | 24.76 | 25.54 | 24.85 | 24.32 | 25.81 | 24.34 | 24.73 | 25.66 | 25.76 |
| Property, Plant & Equipment | 0.10 | 0.11 | 0.14 | 0.16 | 0.18 | 0.22 | 0.24 | 0.28 | 0.42 | 0.51 | 0.42 | 0.66 | 0.77 | 0.89 | 1.09 | 1.21 | 1.35 |
| Total Non-current Assets* | 0.16 | 0.28 | 0.52 | 1.31 | 1.63 | 2.27 | 2.59 | 2.92 | 3.63 | 2.78 | 2.95 | 1.16 | 1.44 | 1.73 | 2.26 | 2.55 | 2.84 |
| Total Assets | 10.20 | 11.45 | 12.35 | 16.55 | 16.59 | 20.92 | 22.18 | 23.86 | 28.40 | 28.31 | 27.80 | 25.48 | 27.25 | 26.07 | 26.99 | 28.21 | 28.60 |
| Accounts Payable | 2.47 | 2.62 | 1.51 | 0.86 | 0.71 | 0.35 | 0.60 | 1.19 | 1.99 | 1.43 | 1.02 | 0.43 | 0.14 | 0.54 | 0.21 | 0.37 | 0.43 |
| Total Current Liabilities | -- | 9.06 | 9.45 | 9.49 | 9.14 | 8.52 | 9.44 | 11.28 | 11.45 | 10.15 | 8.97 | 5.87 | 5.67 | 3.61 | 3.37 | 5.29 | 4.50 |
| Long-term Debt | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.45 | 0.05 | 0.12 | 0.57 | -- | -- |
| Total Non-current Liabilities* | -- | 0.00 | 0.00 | 0.08 | 0.20 | 0.84 | 1.19 | 1.54 | 2.16 | 1.54 | 1.76 | 0.08 | 0.19 | 0.33 | 0.78 | 1.02 | 1.34 |
| Total Liabilities | 9.35 | 9.06 | 9.45 | 9.56 | 9.34 | 9.36 | 10.63 | 12.82 | 13.61 | 11.68 | 10.73 | 5.96 | 5.86 | 3.94 | 4.15 | 6.31 | 5.84 |
| Retained Earnings | (41.48) | (39.65) | (35.96) | (31.87) | (31.60) | (27.29) | (27.30) | (27.80) | (22.50) | (20.66) | (20.22) | (17.77) | (15.39) | (14.65) | (13.94) | (14.88) | (14.02) |
| Total Stockholder Equity | 0.86 | 2.39 | 2.90 | 6.98 | 7.26 | 11.56 | 11.55 | 11.05 | 14.79 | 16.63 | 17.07 | 19.52 | 21.39 | 22.13 | 22.84 | 21.90 | 22.76 |
* 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 | 1.02 | 1.73 | 0.60 | 1.27 | 2.71 | 1.72 | 2.62 | 4.91 | 4.66 | 1.78 | 3.61 | 1.91 | 5.59 | 4.19 | 6.37 | 1.71 | 4.27 | 3.71 | 4.62 | 4.14 |
| Cost of Revenue | 1.36 | 0.59 | 2.75 | 3.53 | 1.78 | 1.40 | 4.16 | 3.49 | 2.83 | 2.18 | 5.03 | 2.02 | 4.11 | 3.44 | 5.96 | 1.95 | 3.21 | 2.80 | 3.05 | 3.17 |
| Gross Profit | (0.34) | 1.14 | (2.15) | (2.26) | 0.93 | 0.32 | (1.54) | 1.42 | 1.83 | (0.40) | (1.43) | (0.11) | 1.48 | 0.76 | 0.41 | (0.25) | 1.06 | 0.91 | 1.57 | 0.97 |
| Research & Development | 0.13 | 0.17 | 0.18 | 0.16 | 0.15 | 0.16 | 0.18 | 0.17 | 0.20 | 0.22 | 0.24 | 0.30 | 0.34 | 0.35 | 0.32 | 0.32 | 0.35 | 0.48 | 0.50 | 0.53 |
| Selling, General & Admin | 1.08 | 0.78 | 0.84 | 0.81 | 0.71 | 1.00 | 0.91 | 0.96 | 0.91 | 1.13 | 1.05 | 0.99 | 1.14 | 1.11 | 1.08 | 1.48 | 1.04 | 1.13 | 0.27 | 0.82 |
| Total Operating Expenses | 1.33 | 1.11 | 1.19 | 1.62 | 1.04 | 1.42 | 1.36 | 1.38 | 1.37 | 1.58 | 1.55 | 1.57 | 1.79 | 1.79 | 1.73 | 2.13 | 1.79 | 2.01 | 1.14 | 1.73 |
| Operating Income | (1.67) | 0.02 | (3.33) | (3.88) | (0.11) | (1.10) | (2.90) | 0.04 | 0.46 | (1.98) | (2.97) | (1.67) | (0.31) | (1.03) | (1.32) | (2.38) | (0.72) | (1.11) | 0.43 | (0.76) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.16 | 0.18 | 0.17 | 0.13 | 0.08 | 0.02 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 |
| Pretax Income | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.41 | 0.94 |
| Net Income | (1.83) | (0.18) | (3.51) | (4.08) | (0.27) | (1.26) | (3.05) | 0.01 | 0.50 | (2.14) | (3.15) | (1.84) | (0.44) | (1.11) | (1.34) | (2.38) | (0.74) | (1.12) | 0.41 | 0.94 |
| Basic EPS | (0.49) | (0.05) | (1.35) | (1.63) | (0.11) | (0.50) | (1.77) | 0.00 | 0.03 | (0.12) | (0.29) | (0.14) | 0.03 | (0.09) | (0.08) | (0.19) | (0.06) | (0.10) | -- | 0.07 |
| Diluted EPS | (0.49) | (0.05) | (1.35) | (1.63) | (0.11) | (0.50) | (1.77) | 0.00 | 0.03 | (0.12) | (0.23) | (0.14) | 0.03 | -- | -- | (0.19) | -- | -- | -- | 0.07 |
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 | 0.02 | (2.19) | (0.47) | 0.40 | (0.40) | (0.58) | (0.14) | (0.59) | 1.18 | (0.99) | (0.35) | (0.28) | (1.65) | (1.16) | (1.97) | (2.22) | (1.46) | (0.85) | (2.49) | (0.76) |
| Capital Expenditures | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.02 | -- | 0.00 | 0.00 | 0.19 | -- | 0.00 | 0.01 | 0.01 | 0.01 | 0.06 | 0.01 |
| Free Cash Flow* | -- | -- | -- | -- | -- | -- | (0.14) | (0.59) | 1.16 | -- | (0.35) | (0.28) | (1.84) | -- | (1.97) | (2.23) | (1.47) | (0.85) | (2.55) | (0.77) |
| Investing Cash Flow | -- | -- | -- | -- | -- | -- | -0.00 | 0.00 | (0.02) | -- | 0.00 | 0.00 | (0.19) | -- | 0.00 | (0.01) | (0.01) | (0.01) | (0.06) | (0.01) |
| Financing Cash Flow | 0.14 | 2.02 | 0.67 | (0.57) | 0.51 | 0.15 | 0.14 | (0.03) | (0.25) | 0.65 | 0.60 | 0.28 | 2.02 | 1.06 | 1.82 | (0.06) | (0.06) | (0.06) | (0.06) | (0.06) |
* Derived from reported values
