Financial Statements — PROF
Balance Sheet
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 |
|---|
| Cash & Equivalents | 38.27 | 50.30 | 24.83 | 35.20 | 46.43 |
| Inventory | 10.46 | 9.00 | 8.34 | 8.35 | 6.80 |
| Total Current Assets | 58.86 | 69.53 | 41.52 | 48.81 | 59.91 |
| Property, Plant & Equipment | 0.56 | 0.68 | 0.34 | 0.28 | 0.31 |
| Intangible Assets | 0.12 | 0.13 | 0.12 | 0.18 | 0.21 |
| Total Non-current Assets* | 3.52 | 3.93 | 0.78 | 0.86 | 0.95 |
| Total Assets | 62.39 | 73.46 | 42.31 | 49.67 | 60.86 |
| Accounts Payable | 0.96 | 2.14 | 0.72 | 0.95 | 1.05 |
| Total Current Liabilities | 9.11 | 10.61 | 9.94 | 5.72 | 5.30 |
| Long-term Debt | 4.51 | 4.50 | 4.48 | 4.46 | 4.49 |
| Total Non-current Liabilities* | 3.46 | 3.43 | 0.22 | 4.68 | 4.78 |
| Total Liabilities | 12.58 | 14.03 | 10.16 | 10.41 | 10.07 |
| Retained Earnings | (304.33) | (294.79) | (279.57) | (271.59) | (255.89) |
| Total Stockholder Equity | 49.81 | 59.42 | 32.14 | 39.26 | 50.79 |
* 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 |
|---|
| Total Revenue | 2.48 | 5.34 | 5.98 | 5.06 | 1.98 | 2.34 | 4.03 |
| Cost of Revenue | 0.54 | 1.51 | 1.99 | 1.36 | 0.59 | 0.77 | 1.21 |
| Gross Profit | 1.95 | 3.83 | 3.99 | 3.93 | 1.62 | 1.85 | 2.96 |
| Research & Development | 5.65 | 5.26 | 4.27 | 5.42 | 6.10 | 4.81 | 4.65 |
| Selling, General & Admin | 7.36 | 6.59 | 7.09 | 7.43 | 9.33 | 8.21 | 6.66 |
| Total Operating Expenses | 13.01 | 11.85 | 11.36 | 12.84 | 15.42 | 13.02 | 11.31 |
| Operating Income | (11.07) | (8.02) | (7.37) | (8.91) | (13.81) | (11.17) | (8.35) |
| Pretax Income | (9.48) | (7.03) | (8.15) | (7.86) | (15.63) | (10.68) | (5.18) |
| Tax Provision | 0.06 | 0.03 | 0.03 | 0.12 | 0.06 | 0.04 | (0.24) |
| Net Income | (9.54) | (7.05) | (8.17) | (7.98) | (15.69) | (10.72) | (4.95) |
| Basic EPS | (0.26) | 0.19 | 0.27 | 0.26 | 0.52 | 0.36 | 0.19 |
| Diluted EPS | (0.26) | 0.19 | 0.27 | 0.26 | 0.52 | 0.36 | 0.19 |
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 |
|---|
| Operating Cash Flow | (11.34) | (8.58) | (6.57) | (9.61) | (13.74) | (8.28) |
| Financing Cash Flow | -- | -- | 41.43 | 0.00 | 0.00 | (0.29) |
