Financial Statements — SDAWW
Balance Sheet
(in millions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q2
2023 |
|---|
| Cash & Equivalents | 13.48 | 23.70 | 24.31 | 39.22 | 20.24 | 20.89 | 38.11 |
| Short-term Investments | 21.85 | 21.64 | 21.40 | 21.23 | 21.78 | 20.91 | 20.99 |
| Accounts Receivable | 46.10 | 75.34 | 97.62 | 83.69 | 77.13 | 76.63 | 74.59 |
| Total Current Assets | 192.87 | 220.05 | 223.38 | 227.17 | 196.47 | 190.84 | 177.29 |
| Property, Plant & Equipment | 23.46 | 24.77 | 25.60 | 26.55 | -- | -- | 15.04 |
| Intangible Assets | 0.41 | -- | -- | -- | -- | -- | -- |
| Total Non-current Assets | 66.10 | 53.93 | 54.15 | 49.52 | 55.58 | 53.10 | 46.73 |
| Total Assets | 258.96 | 273.98 | 277.53 | 276.68 | 252.06 | 243.94 | 224.02 |
| Accounts Payable | 46.92 | 65.98 | 76.51 | 66.93 | 55.00 | 52.12 | -- |
| Short-term Debt | 82.08 | 87.54 | 83.06 | 84.36 | 83.36 | -- | -- |
| Total Current Liabilities | 150.55 | 172.41 | 177.07 | 168.21 | 152.49 | 144.68 | 125.97 |
| Long-term Debt | 1.41 | -- | -- | -- | -- | -- | -- |
| Total Non-current Liabilities | 15.27 | 12.79 | 14.31 | 18.86 | 24.36 | 29.82 | 44.16 |
| Total Liabilities | 165.82 | 185.21 | 191.38 | 187.07 | 176.85 | 174.50 | 170.13 |
| Retained Earnings | (198.60) | (202.87) | (202.78) | (198.79) | (191.47) | (189.31) | (103.20) |
| Total Stockholder Equity | 33.17 | 29.13 | 29.35 | 34.82 | 17.73 | 15.62 | 9.25 |
Income Statement
(in millions USD) (except per-share rows)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q2
2023 |
|---|
| Total Revenue | 131.17 | 338.08 | 222.31 | 102.60 | 312.71 | 203.09 | 98.81 |
| Research & Development | 1.17 | 3.44 | 1.77 | 0.92 | 33.63 | 32.21 | 4.02 |
| Selling, General & Admin | 1.27 | 17.68 | 15.19 | 5.42 | 44.08 | 40.54 | 4.02 |
| Total Operating Expenses | -- | -- | -- | -- | 371.08 | 261.70 | -- |
| Operating Income | 3.01 | 1.71 | (1.19) | (2.96) | (58.37) | (58.61) | 1.13 |
| Interest Expense | -- | -- | 0.15 | -- | -- | -- | -- |
| Pretax Income | 2.01 | (3.29) | (5.24) | (3.73) | (60.64) | (59.87) | 1.99 |
| Tax Provision | 0.45 | 0.84 | 0.29 | (0.08) | 0.93 | 0.27 | 0.85 |
| Net Income | 1.56 | (4.13) | (5.53) | (3.65) | (64.75) | (62.58) | 1.14 |
| Basic EPS | 0.01 | -- | -- | (0.03) | (0.68) | (0.67) | (0.04) |
| Diluted EPS | 0.01 | -- | -- | (0.03) | (0.68) | (0.67) | (0.04) |
Cash Flow Statement
(in millions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q2
2023 |
|---|
| Operating Cash Flow | (7.94) | (11.07) | (9.26) | (9.26) | 1.18 | (2.62) | (20.52) |
| Capital Expenditures | 0.02 | 0.26 | 0.02 | 0.02 | 0.56 | 0.25 | 0.58 |
| Free Cash Flow* | (7.95) | (11.33) | (9.28) | (9.28) | 0.62 | (2.87) | (21.10) |
| Investing Cash Flow | (2.76) | (9.01) | (7.61) | (0.14) | (9.79) | (7.29) | 0.90 |
| Financing Cash Flow | (1.31) | 16.27 | 13.98 | 23.14 | (2.33) | 0.21 | 35.49 |
* Derived from reported values
