Financial Statements — QNCX
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 | 115.98 | 18.16 | 6.45 | 16.83 | 7.77 | 2.68 | 7.89 | 21.81 | 20.82 | 20.62 | 42.27 | 21.58 | 33.53 | 40.16 | 62.21 | 74.05 | 85.32 |
| Short-term Investments | 0.00 | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | -- | -- | -- | -- | -- | -- | -- | -- | 0.50 | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Assets | 123.41 | 25.58 | 29.20 | 37.35 | 33.83 | 51.72 | 63.44 | 70.44 | 85.17 | 88.55 | 92.49 | 98.28 | 99.37 | 96.35 | 119.43 | 135.84 | 149.89 |
| Property, Plant & Equipment | 0.51 | 0.55 | 0.62 | 0.57 | 0.45 | 0.21 | 0.25 | 0.23 | 0.01 | 0.01 | 0.01 | 0.38 | 0.36 | 0.23 | 0.30 | 0.39 | 0.38 |
| Goodwill | -- | -- | 0.00 | -- | -- | 0.00 | 0.00 | 17.25 | 0.00 | 0.00 | 0.00 | 0.00 | 0.83 | -- | -- | -- | -- |
| Intangible Assets | 0.00 | 0.00 | 0.46 | 0.47 | 0.44 | 0.46 | 0.45 | 62.25 | 0.00 | 0.00 | 0.00 | 5.90 | 5.90 | -- | -- | -- | -- |
| Total Non-current Assets* | 0.58 | 1.04 | 80.70 | 79.86 | 73.26 | 74.80 | 71.39 | 88.85 | 0.21 | 0.29 | 0.83 | 11.50 | 18.49 | 19.78 | 27.99 | 25.55 | 24.64 |
| Total Assets | 124.00 | 26.62 | 109.90 | 117.21 | 107.09 | 126.52 | 134.83 | 159.29 | 85.39 | 88.84 | 93.32 | 109.78 | 117.86 | 116.13 | 147.42 | 161.39 | 174.52 |
| Accounts Payable | 4.64 | 5.39 | 3.40 | 1.76 | 3.01 | 1.62 | 2.40 | 2.07 | 0.41 | 0.35 | 1.65 | 1.18 | 1.87 | 3.73 | 2.88 | 7.19 | 2.85 |
| Total Current Liabilities | 8.50 | 8.77 | 26.04 | 7.47 | 8.36 | 5.43 | 10.32 | 9.84 | 2.25 | 1.95 | 3.12 | 4.95 | 5.95 | 9.71 | 14.15 | 18.54 | 17.87 |
| Long-term Debt | -- | -- | 0.00 | 16.99 | 15.27 | 14.90 | 13.83 | 13.52 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Liabilities* | 7.01 | 2.18 | 82.80 | 98.01 | 80.15 | 76.16 | 77.54 | 75.28 | 0.00 | 0.00 | 0.00 | 0.30 | 0.38 | 0.04 | 0.61 | 0.77 | 0.17 |
| Total Liabilities | 15.51 | 10.95 | 108.84 | 105.47 | 88.51 | 81.59 | 87.86 | 85.12 | 2.25 | 1.95 | 3.12 | 5.25 | 6.33 | 9.75 | 14.76 | 19.31 | 18.04 |
| Retained Earnings | (500.03) | (424.54) | (420.99) | (407.55) | (391.50) | (364.01) | (358.52) | (330.79) | (310.75) | (305.40) | (300.51) | (282.73) | (274.80) | (258.24) | (213.20) | (191.49) | (169.74) |
| Total Stockholder Equity | (35.32) | 15.67 | 1.06 | 11.74 | 18.58 | 44.93 | 46.97 | 74.18 | 83.13 | 86.88 | 90.20 | 104.53 | 111.53 | 106.38 | 132.65 | 142.08 | 156.48 |
* 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 |
|---|
| Research & Development | 5.46 | 6.85 | 12.60 | 8.08 | 6.55 | 8.15 | 5.83 | 4.92 | 4.15 | 3.70 | 3.43 | 1.43 | 1.35 | 3.23 | 2.77 | 2.45 | 7.20 | 12.76 | 15.21 | 14.04 |
| Selling, General & Admin | 16.63 | 4.27 | 3.64 | 3.28 | 3.34 | 4.79 | 4.28 | 3.63 | 4.70 | 4.97 | 4.97 | 4.66 | 4.23 | 3.83 | 3.50 | 4.34 | 9.06 | 9.11 | 8.33 | 7.64 |
| Total Operating Expenses | 79.78 | 14.59 | 19.35 | 13.43 | 10.43 | 14.86 | 12.01 | 5.86 | 28.19 | 11.22 | 9.99 | 6.09 | 5.58 | 12.96 | 6.27 | 7.62 | 16.26 | 21.86 | 23.55 | 21.68 |
| Operating Income | (79.78) | (14.59) | (19.35) | (13.43) | (10.43) | (14.86) | (12.01) | (5.86) | (28.19) | (11.22) | (9.99) | (6.09) | (5.58) | (12.96) | (6.27) | (7.62) | (16.26) | (21.86) | (23.54) | (21.68) |
| Pretax Income | -- | -- | -- | -- | -- | (14.98) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Tax Provision | 0.08 | (5.34) | 3.15 | (0.05) | 0.07 | 0.05 | 0.01 | 0.01 | 0.04 | 0.03 | 0.45 | 0.00 | 0.00 | (0.25) | 0.00 | 0.00 | (0.28) | -- | -- | -- |
| Net Income | (75.49) | 35.91 | (39.46) | (13.44) | (16.05) | (15.03) | (12.46) | (5.49) | (27.73) | (11.15) | (8.89) | (5.35) | (4.89) | (12.25) | (5.53) | (7.92) | (16.56) | (21.64) | (23.40) | (21.71) |
| Basic EPS | (12.31) | 72.00 | (15.00) | (5.00) | (6.80) | (6.80) | (5.60) | (2.60) | (12.80) | (5.20) | (4.20) | (3.00) | (2.80) | (6.80) | (2.60) | (4.40) | (10.20) | -- | -- | -- |
| Diluted EPS | (12.31) | 57.60 | (15.00) | (5.00) | (6.80) | (6.80) | (5.60) | (2.60) | (12.80) | (5.20) | (4.20) | (3.00) | (2.80) | (6.80) | (2.60) | (4.40) | (10.20) | -- | -- | -- |
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 | (18.89) | (7.63) | (10.48) | (9.93) | (11.41) | (9.60) | (7.55) | (7.26) | (8.74) | (8.35) | (6.08) | (4.82) | (3.83) | (3.57) | (5.83) | (6.70) | (15.41) | (16.09) | (14.42) | (17.34) |
| Capital Expenditures | 0.00 | 0.00 | 0.00 | 0.07 | 0.13 | 0.15 | 0.13 | 0.05 | 0.04 | 0.04 | 0.02 | 0.00 | 0.00 | 0.14 | 0.08 | 0.05 | 0.00 | 0.01 | 0.04 | 0.00 |
| Free Cash Flow* | (18.89) | (7.63) | (10.48) | (10.00) | (11.54) | (9.75) | (7.68) | (7.31) | (8.78) | (8.39) | (6.10) | (4.82) | (3.83) | (3.70) | (5.91) | (6.75) | (15.41) | (16.10) | (14.46) | (17.34) |
| Investing Cash Flow | 8.00 | 12.00 | 8.07 | (1.78) | 6.04 | 10.90 | 10.87 | 7.11 | (4.98) | 8.91 | 5.39 | 3.64 | (20.32) | 5.54 | 18.67 | (8.83) | (5.25) | 13.41 | 20.92 | 0.77 |
| Financing Cash Flow | 108.93 | 9.44 | 2.03 | 1.38 | 14.41 | 0.09 | 0.00 | (5.00) | 0.04 | 0.19 | 0.06 | 0.01 | 0.03 | 0.05 | (0.02) | -0.00 | 0.11 | 0.62 | 0.99 | 4.71 |
* Derived from reported values
