Financial Statements — QTI
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 |
|---|
| Cash & Equivalents | 10.92 | 6.90 | 1.74 | 2.04 | 3.01 | 1.56 | 4.60 | 5.64 | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 7.40 | 6.35 | 3.24 | 3.65 | 2.78 | 0.26 | 0.67 | 0.48 | -- | -- | -- | -- | -- | -- | -- |
| Inventory | 9.87 | 6.83 | 5.24 | 3.23 | 2.87 | 3.18 | 3.35 | 4.12 | -- | -- | -- | -- | -- | -- | -- |
| Total Current Assets | 29.42 | 21.20 | 11.29 | 10.67 | 9.81 | 5.78 | 9.49 | 11.43 | 0.13 | 0.05 | 0.47 | 0.84 | 0.59 | 0.91 | 2.78 |
| Property, Plant & Equipment | 0.79 | 0.32 | 0.13 | 0.17 | 0.16 | 0.12 | 0.14 | 0.15 | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Assets* | 1.21 | 0.83 | 0.83 | 0.96 | 1.05 | 1.18 | 1.29 | 1.42 | 23.01 | 32.50 | 31.83 | 40.87 | 232.62 | 232.32 | 232.65 |
| Total Assets | 30.63 | 22.03 | 12.12 | 11.63 | 10.86 | 6.96 | 10.78 | 12.86 | 23.14 | 32.55 | 32.30 | 41.72 | 233.21 | 233.23 | 235.42 |
| Accounts Payable | 3.01 | 2.93 | 2.02 | 1.60 | 0.87 | 0.77 | 0.55 | 0.71 | 0.62 | 0.45 | 0.36 | 0.23 | 0.28 | 0.21 | 1.23 |
| Total Current Liabilities | 9.50 | 8.53 | 12.74 | 6.31 | 5.28 | 5.43 | 15.27 | 4.37 | 8.93 | 8.02 | 6.40 | 2.65 | 1.57 | 0.83 | 1.53 |
| Long-term Debt | 11.40 | 10.10 | 15.12 | 10.14 | 10.16 | 10.48 | 11.66 | 11.69 | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Liabilities* | 18.89 | 9.70 | 8.45 | 5.65 | 25.79 | 11.18 | 1.67 | 13.40 | 2.78 | 2.78 | 2.78 | 9.22 | 9.26 | 9.38 | 9.64 |
| Total Liabilities | 28.38 | 18.23 | 21.20 | 11.96 | 31.07 | 16.61 | 16.94 | 17.77 | 11.72 | 10.80 | 9.19 | 11.87 | 10.83 | 10.22 | 11.17 |
| Retained Earnings | (67.50) | (56.43) | (51.64) | (47.08) | (43.08) | (32.12) | (28.50) | (22.07) | (16.53) | (15.97) | (14.55) | (11.03) | (10.15) | (9.30) | (8.05) |
| Total Stockholder Equity | 2.25 | 3.80 | (9.08) | (0.32) | (20.21) | (9.65) | (6.16) | (4.91) | (11.48) | (10.66) | (8.72) | (11.02) | (10.15) | (9.30) | (8.05) |
* 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 | Q3
2021 |
|---|
| Total Revenue | 7.44 | 6.53 | 8.28 | 4.19 | 3.66 | 2.80 | 0.85 | 0.96 | 1.71 | 1.36 | (0.04) | 0.02 | -- | -- | -- | -- | -- | -- | -- |
| Cost of Revenue | 4.38 | 3.86 | 5.13 | 2.39 | 1.83 | 0.99 | 0.45 | 0.35 | 0.84 | 0.60 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Gross Profit | 3.06 | 2.67 | 3.14 | 1.80 | 1.83 | 1.81 | 0.40 | 0.61 | 0.87 | 0.76 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Research & Development | 1.62 | 1.72 | 1.24 | 0.94 | 0.90 | 0.85 | 0.77 | 0.93 | 0.93 | 0.64 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Selling, General & Admin | 3.30 | 3.30 | 2.60 | 2.52 | 1.97 | 2.00 | 1.68 | 2.01 | 2.17 | 5.70 | 0.74 | 0.78 | 1.64 | 1.77 | 1.59 | 1.10 | 0.97 | 0.61 | 0.14 |
| Total Operating Expenses | 4.92 | 5.02 | 3.84 | 3.45 | 2.87 | 2.85 | 2.45 | 2.93 | 3.09 | 6.34 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating Income | (1.86) | (2.35) | (0.70) | (1.65) | (1.04) | (1.04) | (2.05) | (2.33) | (2.22) | (5.58) | (0.74) | (0.78) | (1.64) | (1.77) | (1.59) | (1.10) | (0.97) | (0.61) | (0.14) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.06 | 0.06 | 0.06 | 0.04 | 0.02 | 0.01 | -- | -- | -- |
| Pretax Income | (11.07) | -- | (1.39) | (4.56) | (4.00) | -- | 0.17 | (3.62) | (1.25) | (4.30) | (0.49) | (0.44) | (1.31) | (1.37) | (1.27) | (0.11) | (0.55) | (0.36) | (0.20) |
| Tax Provision | 0.00 | -- | -0.00 | 0.00 | 0.00 | -- | -- | -- | -- | -- | 0.08 | 0.12 | 0.10 | 0.10 | 0.10 | 0.29 | 0.09 | 0.01 | 0.00 |
| Net Income | (11.07) | (3.41) | (1.39) | (4.56) | (4.00) | (11.14) | 0.18 | (3.62) | (1.25) | (4.30) | (0.57) | (0.56) | (1.42) | (1.47) | (1.37) | (0.40) | (0.64) | (0.37) | (0.20) |
| Basic EPS | (0.75) | (0.25) | (1.00) | (0.47) | (0.14) | (0.40) | 0.09 | (0.17) | (0.30) | (0.33) | (0.11) | (0.13) | (0.26) | (0.28) | (0.25) | -- | -- | -- | -- |
| Diluted EPS | (0.75) | (0.25) | (1.00) | (0.47) | (0.14) | (0.40) | 0.09 | (0.17) | (0.30) | (0.33) | (0.11) | (0.13) | (0.26) | (0.28) | (0.25) | -- | -- | -- | -- |
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 | Q3
2021 |
|---|
| Operating Cash Flow | (4.84) | (3.65) | (3.10) | (0.88) | (1.44) | (3.54) | (1.23) | (1.85) | (0.98) | (5.98) | (0.62) | (0.23) | (0.54) | (0.55) | (0.60) | (0.29) | (0.14) | (0.23) | (0.03) |
| Capital Expenditures | 0.17 | 0.02 | 0.08 | 0.00 | 0.05 | -- | 0.05 | 0.01 | 0.03 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Free Cash Flow* | (5.01) | (3.67) | (3.18) | (0.88) | (1.49) | -- | (1.28) | (1.86) | (1.01) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Investing Cash Flow | (0.17) | (0.02) | (0.08) | 0.00 | (0.05) | -- | (0.05) | (0.01) | (0.03) | -- | 0.00 | 9.91 | (0.30) | 10.31 | (0.48) | 192.72 | -- | -- | (232.30) |
| Financing Cash Flow | 9.04 | 0.16 | 11.91 | 0.57 | 0.52 | 5.35 | 0.91 | (1.18) | (0.03) | 11.43 | 0.50 | (9.56) | 0.50 | (9.48) | 0.68 | (192.04) | 0.00 | 0.05 | 234.38 |
* Derived from reported values
