Financial Statements — RCEL
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 | 9.14 | 8.31 | 15.42 | 12.22 | 14.87 | 18.64 | 17.45 | 16.95 | 50.85 | 37.49 | 28.05 | 23.61 | 34.74 | 23.54 | 114.88 | 59.77 | 65.75 |
| Short-term Investments | 2.00 | 5.95 | 7.89 | 3.47 | 10.95 | 25.77 | 36.60 | 51.23 | 9.26 | 28.56 | 45.40 | 60.56 | 49.62 | 59.84 | -- | -- | -- |
| Accounts Receivable | 9.87 | 9.89 | 9.01 | 11.34 | 12.05 | 10.29 | 8.72 | 7.08 | 5.88 | 5.75 | 4.50 | 3.55 | 3.88 | 3.48 | 2.23 | 1.94 | 2.36 |
| Inventory | 5.29 | 6.12 | 7.24 | 7.54 | 8.40 | 6.23 | 6.71 | 7.17 | 4.38 | 3.06 | 2.81 | 1.96 | 2.02 | 1.80 | 1.79 | 2.29 | 1.66 |
| Total Current Assets | 28.39 | 31.65 | 41.37 | 36.25 | 47.97 | 63.93 | 72.96 | 85.99 | 73.93 | 77.50 | 82.76 | 91.72 | 91.81 | 90.68 | 123.71 | 65.45 | 71.40 |
| Property, Plant & Equipment | 7.68 | 8.21 | 9.88 | 9.69 | 9.89 | 9.15 | 7.02 | 4.30 | 1.86 | 1.60 | 1.33 | 1.23 | 1.25 | 1.17 | 1.64 | 1.49 | 1.35 |
| Intangible Assets | 5.20 | 5.39 | 5.15 | 5.25 | 5.39 | 0.54 | 0.49 | 0.49 | 0.41 | 0.40 | 0.41 | 0.40 | 0.38 | 0.37 | 0.42 | 0.38 | 0.37 |
| Total Non-current Assets* | 19.38 | 19.90 | 22.36 | 21.88 | 21.59 | 17.13 | 14.87 | 11.40 | 7.09 | 8.84 | 9.86 | 8.21 | 10.86 | 15.81 | 4.38 | 3.86 | 4.02 |
| Total Assets | 47.78 | 51.54 | 63.73 | 58.13 | 69.56 | 81.05 | 87.83 | 97.38 | 81.01 | 86.33 | 92.62 | 99.93 | 102.67 | 106.49 | 128.09 | 69.31 | 75.42 |
| Accounts Payable | 6.42 | 7.22 | 8.11 | 7.27 | 8.68 | 4.19 | 4.16 | 4.48 | 3.02 | 3.84 | 3.75 | 3.12 | 2.50 | 2.40 | 3.64 | 2.79 | 3.57 |
| Total Current Liabilities | 68.71 | 66.67 | 61.83 | 62.60 | 22.96 | 17.14 | 13.79 | 11.86 | 11.84 | 13.81 | 11.49 | 9.51 | 7.89 | 6.50 | 7.07 | 7.87 | 7.72 |
| Long-term Debt | -- | -- | 0.00 | 42.22 | 41.46 | 42.55 | 40.99 | 41.30 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Liabilities* | 6.90 | 8.04 | 8.56 | 8.38 | 51.11 | 51.46 | 49.73 | 52.12 | 5.57 | 2.65 | 2.78 | 2.16 | 2.06 | 2.18 | 2.08 | 1.84 | 2.21 |
| Total Liabilities | 75.61 | 74.71 | 70.39 | 70.98 | 74.06 | 68.60 | 63.51 | 63.99 | 17.41 | 16.45 | 14.27 | 11.67 | 9.95 | 8.68 | 9.14 | 9.71 | 9.93 |
| Retained Earnings | (426.67) | (419.01) | (396.78) | (383.59) | (373.67) | (348.22) | (332.02) | (316.63) | (290.90) | (282.19) | (271.81) | (257.23) | (251.65) | (245.39) | (216.78) | (210.78) | (205.14) |
| Total Stockholder Equity | (27.84) | (23.17) | (6.67) | (12.89) | (4.57) | 12.23 | 23.92 | 32.57 | 62.98 | 68.65 | 77.56 | 87.99 | 92.56 | 97.82 | 118.94 | 59.60 | 65.49 |
* 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 | Q2
2021 |
|---|
| Total Revenue | 21.49 | 19.06 | 17.43 | 16.90 | 18.23 | 18.33 | 18.21 | 19.39 | 15.18 | 11.10 | 14.20 | 13.65 | 11.75 | 10.55 | 9.46 | 9.09 | 8.34 | 7.54 | 8.77 | 5.10 |
| Cost of Revenue | 3.94 | 3.52 | 3.31 | 3.19 | 3.47 | 2.83 | 2.28 | 3.19 | 2.11 | 1.51 | 1.80 | 2.11 | 2.20 | 1.67 | 1.35 | 1.53 | 1.39 | 1.78 | 2.15 | 0.82 |
| Gross Profit | 17.77 | 15.73 | 14.31 | 13.88 | 14.95 | 15.68 | 16.13 | 16.36 | 13.08 | 9.59 | 12.40 | 11.53 | 9.55 | 8.88 | 8.11 | 7.56 | 6.95 | 5.76 | 6.62 | 4.28 |
| Research & Development | 5.08 | 5.63 | 5.69 | 3.75 | 5.12 | 6.28 | 4.85 | 5.43 | 4.89 | 5.19 | 6.77 | 4.39 | 5.08 | 4.59 | 3.38 | 3.80 | 3.06 | 3.62 | 4.11 | 3.36 |
| Selling, General & Admin | 5.97 | 6.06 | 7.09 | 7.23 | 6.67 | 6.39 | 7.12 | 9.59 | 7.52 | 8.96 | 7.75 | 6.12 | 6.17 | 8.30 | 5.32 | 5.00 | 5.47 | 7.53 | 5.42 | 3.40 |
| Total Operating Expenses | 24.62 | 24.53 | 24.72 | 23.03 | 26.10 | 27.51 | 26.08 | 30.16 | 28.71 | 26.80 | 24.73 | 21.05 | 21.24 | 19.42 | 15.04 | 14.21 | 13.86 | 15.98 | 13.18 | 10.36 |
| Operating Income | (6.85) | (8.80) | (10.41) | (9.15) | (11.15) | (11.83) | (9.96) | (13.81) | (15.62) | (17.21) | (12.27) | (9.31) | (11.16) | (9.91) | (5.91) | (5.75) | (6.36) | (9.49) | (5.99) | (5.63) |
| Interest Expense | 1.46 | 1.42 | 1.25 | 1.27 | 1.25 | 1.23 | 1.30 | 1.36 | 1.35 | 1.36 | 1.12 | 0.01 | 0.01 | 0.00 | 0.01 | 0.01 | 0.00 | 0.01 | 0.00 | 0.00 |
| Pretax Income | (7.63) | (10.62) | (11.64) | (13.17) | (9.92) | (13.85) | (11.57) | (16.23) | (15.36) | (18.63) | (7.05) | (8.70) | (10.37) | (9.19) | (5.33) | (5.58) | (6.26) | (9.46) | (5.99) | (5.63) |
| Tax Provision | 0.03 | (0.01) | (0.02) | 0.02 | 0.00 | 0.01 | 0.02 | (0.03) | 0.03 | 0.03 | 0.01 | 0.01 | 0.01 | 0.03 | 0.02 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 |
| Net Income | (7.66) | (10.61) | (11.62) | (13.19) | (9.92) | (13.86) | (11.59) | (16.20) | (15.39) | (18.66) | (7.06) | (8.71) | (10.38) | (9.22) | (5.35) | (5.59) | (6.26) | (9.46) | (6.00) | (5.64) |
| Basic EPS | (0.25) | (0.35) | (0.37) | (0.46) | (0.38) | (0.53) | (0.44) | (0.62) | (0.60) | (0.73) | 0.28 | 0.34 | 0.41 | 0.37 | 0.22 | 0.22 | 0.25 | 0.38 | 0.26 | 0.26 |
| Diluted EPS | (0.25) | (0.35) | (0.37) | (0.46) | (0.38) | (0.53) | (0.44) | (0.62) | (0.60) | (0.73) | 0.28 | 0.34 | 0.41 | 0.37 | 0.22 | 0.22 | 0.25 | 0.38 | 0.26 | 0.26 |
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 | (3.50) | (10.07) | (5.44) | (5.22) | (10.23) | (10.31) | (8.08) | (7.21) | (12.78) | (20.86) | (10.86) | (8.97) | (9.10) | (9.07) | (3.44) | (2.78) | (3.51) | (9.37) | (3.95) | (7.29) |
| Capital Expenditures | 0.11 | 0.02 | (0.67) | 0.93 | 0.52 | 0.22 | 1.61 | 3.76 | 2.65 | 1.15 | 0.30 | 0.50 | 0.30 | 0.28 | 0.07 | 0.10 | 0.21 | 0.06 | 0.12 | 0.34 |
| Free Cash Flow* | (3.60) | (10.09) | (4.76) | (6.15) | (10.75) | (10.53) | (9.69) | (10.97) | (15.43) | (22.01) | (11.16) | (9.48) | (9.40) | (9.36) | (3.51) | (2.88) | (3.72) | (9.43) | (4.07) | (7.63) |
| Investing Cash Flow | 3.89 | 2.04 | 0.01 | (5.34) | 7.02 | 10.77 | 2.47 | 7.39 | 12.43 | 15.07 | (57.30) | 21.76 | 18.36 | 18.79 | (3.16) | (8.33) | 14.76 | (22.60) | (0.20) | (0.40) |
| Financing Cash Flow | 0.44 | 6.10 | 0.25 | 13.77 | 0.56 | 0.36 | 1.02 | 1.01 | 0.85 | 0.63 | 39.43 | 0.60 | 0.17 | 0.17 | 0.90 | 0.00 | 0.00 | 0.00 | 0.03 | 0.07 |
* Derived from reported values
