Financial Statements — RR
Balance Sheet
(in millions USD)| Metric | Q3
2026 | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 |
|---|
| Cash & Equivalents | 301.96 | 250.65 | 138.02 | 32.89 | 11.13 | 19.83 | 9.20 | 8.20 | 7.54 |
| Short-term Investments | 37.63 | 111.93 | 190.47 | 52.62 | 30.71 | 16.07 | -- | -- | -- |
| Accounts Receivable | 0.92 | 0.79 | 1.89 | 1.69 | 1.68 | 2.12 | 3.13 | 3.75 | 3.14 |
| Inventory | 2.72 | 2.46 | 1.71 | 1.48 | 1.49 | 1.40 | 0.40 | 0.29 | 0.65 |
| Total Current Assets | 344.78 | 366.16 | 332.42 | 88.85 | 45.14 | 39.46 | 12.73 | 12.41 | 11.50 |
| Property, Plant & Equipment | 27.18 | 5.88 | 5.76 | 5.16 | 0.82 | 0.80 | 0.02 | 0.02 | 0.02 |
| Intangible Assets | 0.17 | 5.37 | 5.73 | 11.53 | 9.38 | 9.58 | -- | -- | -- |
| Total Non-current Assets* | 28.61 | 17.24 | 17.95 | 18.48 | 12.04 | 11.97 | 0.65 | 0.81 | 0.81 |
| Total Assets | 373.39 | 383.40 | 350.36 | 107.33 | 57.18 | 51.42 | 13.38 | 13.22 | 12.31 |
| Accounts Payable | 0.35 | 0.47 | 0.13 | 0.34 | 0.30 | 0.53 | 1.01 | 0.16 | 0.06 |
| Short-term Debt | -- | -- | -- | -- | -- | 0.05 | 2.39 | 2.05 | 0.05 |
| Total Current Liabilities | 3.68 | 4.04 | 6.93 | 0.74 | 0.60 | 0.99 | 3.89 | 2.91 | 0.84 |
| Long-term Debt | 0.10 | 0.11 | 0.11 | -- | -- | -- | -- | -- | -- |
| Total Non-current Liabilities* | 0.42 | 0.54 | 0.44 | 0.64 | 0.72 | 0.56 | 0.41 | 0.09 | 0.13 |
| Total Liabilities | 4.10 | 4.58 | 7.37 | 1.38 | 1.32 | 1.56 | 4.30 | 3.00 | 0.96 |
| Retained Earnings | (70.64) | (60.66) | (60.39) | (20.10) | (16.03) | (11.49) | (4.98) | (3.67) | (2.55) |
| Total Stockholder Equity | 369.04 | 378.57 | 339.69 | 106.03 | 55.90 | 49.89 | 9.08 | 10.22 | 11.35 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q3
2026 | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 |
|---|
| Total Revenue | 1.37 | 1.50 | 1.07 | 1.44 | 1.18 | 1.17 | 1.26 | 0.53 | 1.44 | 1.17 | 1.11 | 5.39 |
| Cost of Revenue | 0.57 | 0.84 | 1.04 | 2.36 | 0.30 | 0.45 | 0.12 | 0.11 | 0.43 | 0.49 | 0.50 | 1.22 |
| Gross Profit | 0.80 | 0.67 | 0.03 | (0.91) | 0.88 | 0.71 | 1.13 | 0.42 | 1.01 | 0.68 | 0.61 | 4.17 |
| Research & Development | 0.95 | 1.06 | 1.13 | 1.97 | 0.53 | 0.32 | 0.48 | 0.39 | 0.39 | 0.41 | 0.83 | 0.39 |
| Selling, General & Admin | 3.05 | 4.29 | 8.21 | 1.14 | 4.56 | 4.96 | 4.30 | 2.71 | 1.29 | 1.02 | 1.44 | 0.98 |
| Total Operating Expenses | 14.07 | 5.70 | 12.40 | 2.94 | 5.38 | 5.65 | 5.03 | 3.39 | 1.91 | 1.63 | 2.87 | 1.39 |
| Operating Income | (13.27) | (5.03) | (12.37) | (3.86) | (4.51) | (4.94) | (3.90) | (2.97) | (0.89) | (0.94) | (2.26) | 2.78 |
| Pretax Income | (9.98) | (0.28) | (10.15) | (37.05) | (4.10) | (4.56) | (3.57) | (2.96) | (1.00) | (1.12) | (2.75) | 2.10 |
| Tax Provision | 0.01 | -- | -- | (0.10) | 0.01 | -- | -- | 0.00 | 0.32 | -- | -- | -- |
| Net Income | (9.98) | (0.28) | (10.14) | (36.92) | (4.06) | (4.54) | (3.55) | (2.96) | (1.31) | (1.12) | (2.75) | 2.20 |
| Basic EPS | (0.04) | 0.00 | (0.05) | -- | (0.04) | (0.04) | (0.04) | -- | (0.02) | (0.02) | (0.04) | 0.03 |
| Diluted EPS | (0.04) | 0.00 | (0.05) | -- | (0.04) | (0.04) | (0.04) | -- | (0.02) | (0.02) | (0.04) | 0.03 |
Cash Flow Statement
(in millions USD)| Metric | Q3
2026 | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 |
|---|
| Operating Cash Flow | (1.54) | (0.42) | (1.61) | 2.29 | (3.12) | (4.48) | (3.60) | (2.94) | 0.42 | (1.33) | (1.21) |
| Capital Expenditures | 21.43 | 0.25 | 0.07 | 0.64 | 4.39 | 0.04 | 0.08 | -- | -- | -- | -- |
| Free Cash Flow* | (22.97) | (0.66) | (1.68) | 1.65 | (7.51) | (4.51) | (3.68) | -- | -- | -- | -- |
| Investing Cash Flow | 52.90 | 78.26 | (124.19) | (14.65) | (26.40) | (14.75) | (0.38) | (22.87) | 0.17 | (0.01) | (0.02) |
| Financing Cash Flow | (0.04) | 34.78 | 78.25 | 165.05 | 51.29 | 10.53 | 9.24 | 31.17 | 0.42 | 2.00 | 8.34 |
* Derived from reported values
