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Financial Statements — SEER
Balance Sheet
(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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 26.08 | 47.32 | 47.29 | 44.97 | 37.93 | 52.45 | 40.75 | 37.62 | 31.95 | 54.40 | 32.50 | 36.40 | 56.40 | 48.39 | 53.21 | 68.07 | 79.02 | 225.33 | 232.81 | 331.40 |
| Accounts Receivable | -- | -- | -- | -- | -- | -- | -- | -- | -- | 4.83 | -- | -- | -- | 4.74 | 4.32 | 4.54 | 3.34 | 2.79 | 2.50 | 1.17 |
| Inventory | 7.66 | 8.08 | 7.80 | 8.13 | 7.51 | 7.07 | 7.44 | 6.94 | 7.58 | 5.81 | 4.49 | 4.22 | 5.26 | 3.72 | 4.63 | 5.92 | 6.84 | 3.55 | 4.14 | 2.56 |
| Total Current Assets | 166.10 | 181.59 | 201.53 | 214.36 | 225.64 | 255.27 | 253.32 | 264.10 | 299.69 | 324.15 | 330.51 | 346.12 | 335.38 | 367.38 | 434.98 | 450.47 | 466.76 | 457.46 | 411.70 | 514.27 |
| Property, Plant & Equipment | 12.18 | 13.49 | 14.75 | 15.47 | 16.50 | 17.04 | 18.58 | 20.68 | 20.44 | 21.18 | 22.19 | 21.73 | 22.12 | 18.68 | 19.41 | 16.08 | 15.35 | 13.65 | 13.09 | 12.59 |
| Total Non-current Assets* | 90.54 | 90.54 | 94.55 | 94.25 | 96.85 | 91.99 | 113.27 | 119.32 | 106.92 | 97.81 | 105.76 | 98.73 | 125.81 | 105.41 | 52.95 | 49.74 | 49.54 | 69.63 | 127.44 | 13.57 |
| Total Assets | 256.64 | 272.13 | 296.08 | 308.61 | 322.49 | 347.26 | 366.60 | 383.42 | 406.61 | 421.96 | 436.27 | 444.85 | 461.20 | 472.79 | 487.93 | 500.21 | 516.30 | 527.09 | 539.14 | 527.84 |
| Total Current Liabilities | 11.27 | 10.24 | 15.69 | 15.04 | 11.79 | 13.20 | 15.33 | 14.38 | 17.04 | 12.83 | 13.22 | 12.52 | 15.81 | 11.75 | 12.58 | 13.62 | 15.02 | 11.15 | 13.42 | 9.55 |
| Total Non-current Liabilities* | 19.69 | 20.41 | 21.09 | 21.75 | 22.41 | 23.06 | 23.70 | 24.31 | 24.88 | 25.58 | 26.14 | 26.66 | 27.27 | 28.04 | 28.35 | 28.83 | 29.23 | 29.48 | 22.80 | 3.09 |
| Total Liabilities | 30.96 | 30.65 | 36.78 | 36.79 | 34.20 | 36.26 | 39.03 | 38.70 | 41.91 | 38.41 | 39.37 | 39.17 | 43.08 | 39.80 | 40.94 | 42.44 | 44.26 | 40.63 | 36.22 | 12.64 |
| Retained Earnings | (499.71) | (482.81) | (465.97) | (449.98) | (431.74) | (412.32) | (392.37) | (370.63) | (349.30) | (326.45) | (305.77) | (287.97) | (266.89) | (243.45) | (219.50) | (196.97) | (172.99) | (150.18) | (126.53) | (106.79) |
| Total Stockholder Equity | 225.68 | 241.48 | 259.31 | 271.81 | 288.29 | 311.01 | 327.57 | 344.73 | 364.70 | 383.56 | 396.90 | 405.68 | 418.12 | 432.99 | 446.99 | 457.77 | 472.04 | 486.46 | 502.92 | 515.20 |
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* 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 3.10 | 2.79 | 4.20 | 4.12 | 4.05 | 4.21 | 4.00 | 4.03 | 3.07 | 3.07 | 4.44 | 4.16 | 4.01 | 4.05 | 4.61 | 3.96 | 3.62 | 3.31 | 3.07 | 2.15 |
| Cost of Revenue | 1.60 | 1.81 | 2.02 | 2.01 | 1.94 | 2.14 | 1.98 | 2.09 | 1.34 | 1.71 | 2.44 | 2.01 | 1.73 | 1.99 | 2.31 | 2.01 | 2.01 | 2.07 | 1.63 | 0.99 |
| Gross Profit | 1.51 | 0.98 | 2.18 | 2.11 | 2.11 | 2.06 | 2.03 | 1.94 | 1.73 | 1.36 | 2.00 | 2.16 | 2.28 | 2.07 | 2.30 | 1.95 | 1.61 | 1.24 | 1.43 | 1.17 |
| Research & Development | 8.21 | 8.81 | 9.74 | 10.80 | 11.99 | 11.35 | 12.62 | 12.97 | 12.73 | 12.27 | 11.17 | 13.23 | 14.15 | 14.47 | 12.63 | 11.56 | 10.87 | 10.73 | 8.21 | 7.75 |
| Selling, General & Admin | 10.14 | 9.43 | 9.83 | 10.66 | 10.66 | 11.44 | 12.89 | 13.30 | 16.09 | 14.29 | 13.07 | 14.77 | 16.07 | 15.04 | -- | 15.45 | 14.17 | 14.30 | -- | 11.86 |
| Total Operating Expenses | 18.35 | 18.24 | 19.57 | 21.46 | 22.64 | 22.79 | 25.51 | 26.26 | 28.83 | 26.55 | 24.23 | 28.00 | 30.22 | 29.51 | 27.24 | 27.01 | 25.04 | 25.03 | 21.31 | 19.60 |
| Operating Income | (16.84) | (17.26) | (17.39) | (19.35) | (20.53) | (20.73) | (23.49) | (24.32) | (27.10) | (25.19) | (22.23) | (25.84) | (27.94) | (27.44) | (24.95) | (25.07) | (23.43) | (23.79) | (19.87) | (18.43) |
| Pretax Income | (16.89) | (16.83) | (15.97) | (18.21) | (19.38) | (19.85) | (21.64) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Tax Provision | 0.01 | 0.01 | 0.03 | 0.02 | 0.05 | 0.10 | 0.10 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net Income | (16.90) | (16.84) | (15.99) | (18.23) | (19.42) | (19.95) | (21.74) | (21.33) | (22.85) | (20.68) | (17.80) | (21.09) | (23.43) | (23.96) | (22.52) | (23.98) | (22.81) | (23.65) | (19.74) | (18.39) |
| Basic EPS | -- | -- | -- | -- | -- | -- | -- | (0.35) | (0.35) | (0.32) | (0.27) | (0.33) | (0.37) | (0.38) | (0.36) | (0.38) | (0.37) | (0.38) | (0.33) | (0.30) |
| Diluted EPS | -- | -- | -- | -- | -- | -- | -- | (0.35) | (0.35) | (0.32) | (0.27) | (0.33) | (0.37) | (0.38) | (0.36) | (0.38) | (0.37) | (0.38) | (0.33) | (0.30) |
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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 | (9.57) | (15.43) | (10.81) | (7.57) | (14.66) | (11.42) | (11.46) | (14.13) | (10.07) | (10.46) | (10.19) | (14.41) | (15.13) | (19.33) | (14.26) | (13.37) | (14.00) | (19.15) | (12.37) | (8.76) |
| Capital Expenditures | 0.01 | 0.27 | 0.29 | 0.28 | 0.57 | 0.65 | (0.54) | 2.19 | 1.17 | 0.75 | 1.84 | 4.20 | 1.15 | 0.12 | 4.97 | 2.69 | 1.53 | 1.08 | 1.33 | 2.65 |
| Free Cash Flow* | (9.58) | (15.70) | (11.10) | (7.85) | (15.23) | (12.07) | (10.92) | (16.32) | (11.24) | (11.21) | (12.03) | (18.61) | (16.28) | (19.45) | (19.23) | (16.06) | (15.53) | (20.23) | (13.70) | (11.40) |
| Investing Cash Flow | (11.47) | 18.08 | 12.98 | 16.60 | 7.36 | 24.61 | 15.85 | 26.44 | (8.78) | 32.35 | 6.11 | (5.62) | 22.94 | 14.48 | (2.71) | 2.25 | (133.18) | 10.92 | (87.49) | (31.13) |
| Financing Cash Flow | (0.20) | (2.61) | 0.14 | (1.99) | (7.22) | (1.50) | (1.26) | (6.64) | (3.60) | 0.00 | 0.18 | 0.03 | 0.21 | 0.03 | 2.11 | 0.17 | 0.87 | 0.75 | 1.27 | 0.61 |
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* Derived from reported values
Dividends Per Share
(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 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividends Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
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