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Financial Statements — QIND
Balance Sheet
(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 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 0.15 | 0.17 | 0.43 | 0.97 | 0.30 | 0.36 | 0.23 | 0.22 | 0.10 | 0.11 | 1.71 | 1.71 | 1.23 | 1.31 | 0.00 | 0.01 | 0.01 | 0.02 | 0.01 | 0.03 |
| Accounts Receivable | 5.34 | 5.30 | 5.31 | 4.04 | 3.83 | 3.09 | 3.21 | 2.35 | 2.11 | 2.70 | -- | 60.41 | -- | -- | -- | -- | -- | -- | -- | -- |
| Inventory | 0.26 | 0.21 | 0.20 | 0.92 | 0.94 | 1.08 | 1.22 | 1.11 | 1.10 | 1.41 | 60.41 | 1.54 | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Assets | 7.37 | 7.30 | 7.04 | 8.60 | 7.91 | 7.59 | 7.47 | 6.35 | 5.87 | 7.24 | 2.36 | 116.69 | 110.22 | 111.60 | 37.45 | 0.02 | 0.02 | 0.02 | 0.01 | 0.03 |
| Property, Plant & Equipment | 0.59 | 0.55 | 0.50 | 0.33 | 0.03 | 0.03 | 0.05 | 0.07 | 0.09 | 0.01 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Goodwill | 8.41 | 8.41 | 8.41 | 8.41 | 8.41 | 8.41 | 8.41 | 8.48 | 8.48 | 8.48 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Assets* | 9.72 | 9.60 | 9.58 | 11.38 | 10.86 | 10.71 | 10.64 | 10.71 | 10.64 | 9.99 | 6.50 | 88.52 | 89.79 | 89.09 | 1.00 | 18.22 | 0.00 | 0.21 | 0.19 | 0.19 |
| Total Assets | 17.09 | 16.90 | 16.62 | 19.97 | 18.77 | 18.30 | 18.11 | 17.06 | 16.50 | 17.23 | 8.86 | 205.20 | 200.02 | 200.69 | 38.45 | 18.24 | 0.02 | 0.23 | 0.19 | 0.22 |
| Accounts Payable | 1.00 | 1.06 | 1.16 | 1.04 | 1.42 | 1.69 | 2.12 | 1.12 | 0.89 | 50.19 | 0.17 | 43.30 | 38.92 | 44.55 | 33.14 | 16.53 | 0.01 | 0.21 | 0.19 | 0.16 |
| Total Current Liabilities | 18.13 | 18.04 | 16.75 | 15.77 | 13.86 | 12.62 | 11.36 | 10.12 | 8.71 | 7.19 | 5.78 | 143.65 | 141.79 | 144.69 | 33.23 | 16.64 | 0.39 | 0.60 | 0.58 | 0.50 |
| Long-term Debt | -- | -- | -- | 0.30 | 0.14 | 0.08 | -- | -- | 0.43 | 0.36 | 0.33 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Liabilities* | 0.37 | 0.38 | 1.55 | 2.55 | 3.64 | 4.71 | 4.75 | 4.98 | 5.96 | 7.57 | 2.33 | 28.35 | 29.31 | 29.13 | 1.10 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities* | 18.50 | 18.42 | 18.30 | 18.31 | 17.49 | 17.34 | 16.11 | 15.11 | 14.68 | 14.77 | 8.11 | 172.00 | 171.11 | 173.81 | 34.33 | 16.64 | 0.39 | 0.60 | 0.58 | 0.50 |
| Retained Earnings | (22.69) | (22.66) | (22.67) | (19.09) | (18.83) | (18.63) | (17.23) | (16.79) | (16.32) | (16.43) | (16.63) | (7.45) | (8.42) | (9.44) | (10.99) | (10.99) | (12.93) | (12.76) | (12.62) | (8.00) |
| Total Stockholder Equity* | (1.42) | (1.52) | (1.68) | 1.66 | 1.27 | 0.97 | 2.00 | 1.95 | 1.83 | 38.41 | 0.74 | 33.20 | 28.91 | 3.23 | 4.12 | (1.60) | (0.38) | (0.37) | (0.39) | (0.28) |
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* 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 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 3.53 | 3.67 | 5.16 | 3.52 | 4.01 | 3.62 | 2.11 | 2.66 | 3.32 | 3.09 | 21.60 | 18.16 | (37.34) | 19.13 | 18.22 | -- | -- | -- | -- | -- |
| Cost of Revenue | 2.50 | 2.67 | 3.86 | 2.30 | 2.69 | 2.67 | 1.62 | 1.58 | 2.07 | 1.94 | 13.66 | 12.70 | 18.62 | 12.48 | 12.83 | -- | -- | -- | -- | -- |
| Gross Profit | 1.03 | 1.00 | 1.30 | 1.21 | 1.32 | 0.96 | 0.49 | 1.08 | 1.25 | 1.14 | 7.94 | 5.45 | 9.64 | 6.65 | 5.38 | -- | -- | -- | -- | -- |
| Research & Development | -- | 0.01 | -- | -- | -- | 0.00 | -- | -- | -- | -- | 0.01 | -- | -- | -- | -- | -- | -- | 0.01 | -- | -- |
| Selling, General & Admin | 0.77 | 0.70 | 0.79 | 1.40 | 0.82 | 1.85 | 0.03 | 0.98 | 0.79 | 0.62 | 2.40 | 2.37 | 4.12 | 3.76 | 3.30 | 0.04 | 0.08 | 0.08 | 0.09 | 0.08 |
| Total Operating Expenses | 0.90 | 0.82 | 0.97 | 1.50 | 0.88 | 1.90 | 0.59 | 1.19 | 0.83 | 0.67 | 3.33 | 2.43 | 4.12 | 3.79 | 3.37 | 0.18 | 0.15 | 4.62 | 0.22 | 0.19 |
| Operating Income | 0.13 | 0.18 | 0.34 | (0.29) | 0.44 | (0.95) | (0.10) | (0.11) | 0.42 | 0.47 | 4.61 | 3.02 | 5.52 | 2.85 | 2.02 | (0.18) | (0.15) | (4.62) | (0.22) | (0.19) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | (1.82) | (1.01) | (0.97) | (3.84) | (0.41) | 0.41 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Pretax Income* | (0.01) | 0.03 | (3.54) | (0.23) | (0.14) | (1.38) | (0.29) | (0.43) | 0.15 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Tax Provision | 0.02 | 0.02 | 0.04 | 0.04 | 0.06 | 0.03 | 0.08 | 0.04 | 0.04 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net Income | (0.03) | 0.01 | (3.58) | (0.26) | (0.20) | (1.41) | (0.37) | (0.47) | 0.11 | 0.21 | 2.85 | 2.03 | 2.57 | 2.43 | 1.95 | -- | (0.15) | (4.62) | (0.22) | (0.19) |
| Basic EPS | 0.00 | 0.00 | (0.02) | 0.00 | 0.00 | (0.01) | 0.00 | 0.00 | 0.00 | 0.02 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Diluted EPS | 0.00 | 0.00 | (0.02) | 0.00 | 0.00 | (0.01) | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.02 | 0.05 | 0.02 | (0.02) | 0.00 | -- | -- | -- | -- |
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* 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 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | (0.03) | (0.31) | (0.73) | (1.34) | (0.18) | (0.33) | 2.83 | (1.59) | (1.36) | 1.27 | 1.82 | 2.21 | (44.32) | (0.12) | (0.14) | (0.05) | (0.08) | (0.09) | (0.11) | (0.13) |
| Capital Expenditures | 0.05 | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Free Cash Flow* | (0.08) | -- | -- | -- | -- | -- | -- | -- | -- | 1.27 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Investing Cash Flow | (0.10) | (0.08) | (0.17) | (0.99) | (0.02) | (0.20) | (0.89) | 0.77 | 0.11 | -0.00 | 0.63 | (0.70) | (88.09) | (0.79) | -- | -- | -- | -- | -- | -- |
| Financing Cash Flow | 0.11 | 0.13 | 0.35 | 3.01 | 0.14 | 0.67 | (1.94) | 0.94 | 1.37 | (1.30) | (1.97) | (1.58) | 44.83 | 0.90 | 0.14 | 0.05 | 0.09 | 0.07 | 0.13 | 0.12 |
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* Derived from reported values