Financial Statements — PULM
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 | 2.17 | 3.32 | 4.79 | 5.83 | 7.71 | 10.78 | 12.38 | 16.30 | 21.34 | 25.79 | 30.75 | 40.68 | 42.91 | 47.53 | 53.49 | 56.90 | 63.45 |
| Accounts Receivable | -- | -- | -- | -- | 0.02 | 0.02 | 0.64 | 0.57 | 0.84 | 0.42 | 0.74 | 0.48 | 0.65 | 1.11 | 0.01 | 1.77 | 0.09 |
| Total Current Assets | 3.24 | 4.49 | 4.97 | 6.14 | 8.04 | 11.45 | 15.64 | 17.58 | 23.23 | 27.38 | 32.80 | 43.23 | 45.85 | 50.61 | 54.44 | 60.47 | 64.49 |
| Property, Plant & Equipment | -- | -- | -- | -- | -- | -- | -- | 1.11 | 1.17 | 0.28 | 0.20 | 0.27 | 0.31 | 0.32 | 0.35 | 0.38 | 0.33 |
| Goodwill | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 3.58 | 3.58 |
| Total Non-current Assets* | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.06 | 0.14 | 12.81 | 13.54 | 4.01 | 3.26 | 3.23 | 3.55 | 3.70 | 1.31 | 4.96 | 5.36 |
| Total Assets | 3.25 | 4.50 | 4.98 | 6.15 | 8.05 | 11.51 | 15.78 | 30.39 | 36.77 | 31.39 | 36.06 | 46.45 | 49.40 | 54.30 | 55.75 | 65.43 | 69.85 |
| Accounts Payable | 0.53 | 0.65 | 0.07 | 0.38 | 0.66 | 0.37 | 0.39 | 0.72 | 0.71 | 0.93 | 0.58 | 1.16 | 0.73 | 1.23 | 0.88 | 1.51 | 0.92 |
| Total Current Liabilities | 0.69 | 0.91 | 0.25 | 0.55 | 0.90 | 0.59 | 2.47 | 3.14 | 4.43 | 3.60 | 4.73 | 6.32 | 5.60 | 5.38 | 5.13 | 6.92 | 7.09 |
| Total Non-current Liabilities* | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8.23 | 12.46 | 4.35 | 4.32 | 5.08 | 5.36 | 6.17 | 5.42 | 5.42 | 6.12 |
| Total Liabilities | 0.69 | 0.91 | 0.25 | 0.55 | 0.90 | 0.59 | 2.47 | 11.37 | 16.89 | 7.94 | 9.05 | 11.40 | 10.96 | 11.55 | 10.56 | 12.34 | 13.20 |
| Retained Earnings | (304.53) | (303.49) | (301.39) | (300.51) | (298.96) | (295.17) | (292.58) | (286.77) | (285.51) | (281.74) | (277.92) | (269.26) | (264.21) | (259.61) | (250.61) | (242.42) | (238.57) |
| Total Stockholder Equity | 2.56 | 3.59 | 4.73 | 5.60 | 7.15 | 10.92 | 13.31 | 19.02 | 19.88 | 23.45 | 27.01 | 35.05 | 38.44 | 42.76 | 45.19 | 53.09 | 56.65 |
* 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 | 0.37 | 1.55 | 5.89 | 2.20 | 1.75 | 1.84 | 1.50 | 1.71 | 1.87 | 1.33 | 1.16 | 0.46 | 1.07 |
| Research & Development | 0.00 | 0.00 | -0.00 | 0.01 | 0.01 | 0.02 | 0.01 | 0.81 | 2.83 | 3.51 | 3.52 | 3.96 | 4.17 | 3.87 | 4.47 | 5.29 | 4.34 | 4.15 | 2.96 | 4.03 |
| Selling, General & Admin | 1.04 | 1.29 | 0.91 | 0.86 | 1.53 | 1.83 | 1.95 | 2.21 | 2.00 | 1.63 | 0.91 | 1.73 | 1.67 | 2.21 | 1.57 | 1.69 | 1.55 | 1.97 | 1.54 | 1.66 |
| Total Operating Expenses | 1.05 | 1.29 | 0.91 | 0.87 | 1.55 | 1.85 | 1.96 | 3.02 | 7.45 | 5.14 | 4.43 | 5.69 | 5.84 | 6.08 | 6.03 | 6.97 | 5.89 | 6.12 | 4.50 | 9.26 |
| Operating Income | (1.05) | (1.29) | (0.91) | (0.87) | (1.55) | (1.85) | (1.95) | (2.66) | (5.90) | 0.75 | (2.22) | (3.94) | (3.99) | (4.58) | (4.32) | (5.10) | (4.56) | (4.96) | (4.04) | (8.19) |
| Pretax Income* | -- | -- | (0.93) | (0.88) | (1.55) | (1.81) | -- | (2.59) | (5.81) | 0.83 | -- | (3.77) | -- | -- | -- | -- | -- | -- | -- | -- |
| Tax Provision | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | -- | 0.00 | 0.00 | 0.00 | -- | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- |
| Net Income | (1.04) | (1.17) | (0.93) | (0.88) | (1.55) | (1.81) | (1.99) | (2.59) | (5.81) | 0.83 | (2.08) | (3.77) | (3.82) | (4.45) | (4.22) | (5.05) | (4.59) | (4.97) | (4.03) | (8.18) |
| Basic EPS | (0.29) | (0.32) | (1.25) | (0.24) | (0.42) | 0.50 | (0.55) | (0.71) | (1.59) | 0.23 | (0.58) | (1.03) | (1.04) | (1.22) | (1.14) | (1.45) | (1.36) | -- | -- | -- |
| Diluted EPS | (0.29) | (0.32) | (1.25) | (0.24) | (0.42) | 0.50 | (0.55) | (0.71) | (1.59) | 0.23 | (0.57) | (1.03) | (1.04) | -- | -- | -- | -- | -- | -- | -- |
* 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 | (1.11) | (1.07) | (0.71) | (1.03) | (1.88) | (1.81) | (1.26) | (3.06) | (3.68) | (2.72) | (2.01) | (4.14) | (4.90) | (4.93) | (5.05) | (3.60) | (4.56) | (6.14) | (4.40) | (3.31) |
| Capital Expenditures | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.24 | 0.15 | 0.31 | 0.31 | 0.06 | -- | 0.01 | 0.00 | 0.07 | 0.01 | 0.03 | 0.10 |
| Free Cash Flow* | -- | -- | -- | -- | -- | -- | (1.26) | (3.06) | (3.92) | (2.87) | (2.32) | (4.45) | (4.96) | -- | (5.05) | (3.60) | (4.63) | (6.15) | (4.42) | (3.41) |
| Investing Cash Flow | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | (0.24) | (0.15) | (0.30) | (0.31) | (0.06) | -- | (0.01) | 0.00 | (0.07) | (0.01) | (0.03) | (0.10) |
| Financing Cash Flow | (0.05) | 1.00 | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.05 | 0.00 | 1.38 | 0.00 | (0.15) | 6.19 | 0.00 |
* Derived from reported values