Financial Statements — SKYT
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 | 12.58 | 22.23 | 30.90 | 49.37 | 51.23 | 20.68 | 18.36 | 20.00 | 17.35 | 16.18 | 13.84 | 9.32 | 10.97 | 6.44 | 8.46 | 64.60 | 4.22 |
| Accounts Receivable | 92.74 | 89.19 | 85.06 | 32.02 | 39.11 | 60.56 | 52.24 | 57.90 | 43.49 | 77.08 | 67.02 | 49.05 | 49.91 | 47.70 | 35.09 | 33.40 | 26.73 |
| Inventory | 26.23 | 25.58 | 20.30 | 13.39 | 14.22 | 14.43 | 14.61 | 15.56 | 16.65 | 16.02 | 14.37 | 12.19 | 11.87 | 13.11 | 30.91 | 29.17 | 31.23 |
| Total Current Assets | 179.72 | 182.08 | 238.63 | 155.94 | 150.35 | 139.98 | 120.67 | 142.99 | 124.00 | 118.46 | 107.85 | 77.43 | 79.57 | 74.41 | 78.33 | 130.76 | 70.19 |
| Property, Plant & Equipment | 498.08 | 510.12 | 517.48 | 161.58 | 162.84 | 162.97 | 156.93 | 157.28 | 165.82 | 169.54 | 175.37 | 183.65 | 187.14 | 187.36 | 184.14 | 179.44 | 173.17 |
| Intangible Assets | 13.67 | 10.01 | 8.97 | 8.44 | 7.79 | 7.22 | 6.80 | 6.32 | 4.84 | 5.22 | 5.32 | 6.09 | 6.58 | 5.49 | 4.02 | 4.03 | 4.35 |
| Total Non-current Assets* | 542.75 | 550.83 | 548.40 | 178.76 | 176.41 | 175.10 | 169.75 | 169.29 | 175.71 | 180.27 | 184.98 | 193.52 | 197.08 | 197.27 | 193.36 | 187.99 | 182.13 |
| Total Assets | 722.47 | 732.90 | 787.03 | 334.69 | 326.76 | 315.08 | 290.42 | 312.28 | 299.71 | 298.74 | 292.83 | 270.95 | 276.65 | 271.68 | 271.69 | 318.75 | 252.31 |
| Accounts Payable | 36.28 | 59.71 | 51.34 | 15.35 | 11.69 | 30.22 | 18.98 | 25.92 | 14.38 | 14.18 | 13.93 | 19.12 | 13.85 | 6.01 | 12.21 | 15.88 | 15.85 |
| Short-term Debt | 182.50 | 172.00 | 143.37 | 23.61 | 21.54 | 19.55 | 23.88 | 32.61 | 45.25 | 54.23 | 52.21 | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 318.05 | 354.13 | 355.87 | 147.60 | 127.32 | 160.04 | 133.92 | 148.78 | 127.93 | 130.43 | 122.60 | 73.04 | 64.76 | 55.22 | 55.19 | 66.98 | 75.50 |
| Long-term Debt | 70.85 | 37.52 | 40.44 | 42.07 | 38.63 | 41.28 | 42.39 | 39.30 | 41.97 | 97.20 | 96.08 | 73.73 | 78.23 | 68.76 | 35.60 | 66.35 | 90.38 |
| Total Non-current Liabilities | 218.63 | 190.92 | 231.41 | 135.13 | 140.00 | 86.48 | 99.67 | 104.10 | 103.95 | 105.42 | 112.76 | 161.83 | 174.25 | 168.95 | 131.44 | 156.30 | 181.42 |
| Total Liabilities | 536.67 | 545.05 | 587.28 | 282.73 | 267.33 | 246.53 | 233.60 | 252.88 | 231.88 | 235.85 | 235.35 | 234.87 | 239.02 | 224.17 | 186.63 | 223.28 | 256.92 |
| Retained Earnings | (33.74) | (27.36) | (7.28) | (149.32) | (139.34) | (131.32) | (132.83) | (130.93) | (114.88) | (107.31) | (98.72) | (91.03) | (84.09) | (71.08) | (27.44) | (13.57) | (6.59) |
| Total Stockholder Equity | 177.35 | 180.22 | 192.81 | 45.24 | 53.41 | 56.16 | 51.46 | 51.34 | 62.88 | 59.32 | 56.49 | 36.45 | 38.01 | 48.19 | 86.17 | 96.90 | (2.82) |
* 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 | 156.38 | 160.69 | 171.04 | 150.74 | 59.06 | 61.30 | 75.49 | 93.82 | 93.33 | 79.64 | 79.15 | 71.62 | 69.81 | 66.09 | 38.53 | 52.33 | 47.41 | 48.12 | 39.77 | 35.03 |
| Cost of Revenue | 121.17 | 128.53 | 145.49 | 114.52 | 48.16 | 47.04 | 56.19 | 73.58 | 76.22 | 66.66 | 67.14 | 57.48 | 53.14 | 49.63 | 55.16 | 44.05 | 45.33 | 49.06 | 36.24 | 36.85 |
| Gross Profit | 35.21 | 32.15 | 25.55 | 36.22 | 10.90 | 14.26 | 19.30 | 20.24 | 17.11 | 12.98 | 12.01 | 14.15 | 16.67 | 16.47 | (16.62) | 8.28 | 2.08 | (0.94) | 3.53 | (1.83) |
| Research & Development | 5.66 | 5.00 | 3.63 | 4.37 | 3.37 | 3.25 | 4.22 | 3.43 | 3.38 | 4.01 | 2.87 | 2.23 | 2.40 | 2.67 | 1.23 | 2.58 | 2.36 | 2.28 | 1.67 | 2.25 |
| Selling, General & Admin | 27.64 | 32.43 | 21.85 | 24.00 | 14.01 | 15.03 | 12.43 | 12.10 | 12.33 | 11.17 | 15.09 | 16.11 | 17.82 | 14.90 | 9.95 | 10.78 | 10.80 | 11.69 | 6.71 | 9.63 |
| Total Operating Expenses* | 33.30 | 37.43 | 25.48 | 28.37 | 17.38 | 18.28 | 16.64 | 8.64 | 15.71 | 15.18 | 17.96 | 18.34 | 20.22 | 17.56 | 11.03 | 13.36 | 13.16 | 13.97 | 11.03 | 10.21 |
| Operating Income | 1.91 | (5.28) | 0.07 | 7.85 | (6.48) | (4.02) | 2.65 | 4.71 | 1.40 | (2.20) | (5.95) | (4.19) | (3.55) | (1.09) | (27.65) | (5.08) | (11.08) | (14.91) | (5.60) | (12.04) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 2.39 | 2.90 | 2.51 | 2.95 | 2.47 | 0.84 | 1.33 | 1.04 | 1.03 | 1.41 | 0.73 |
| Pretax Income | (5.14) | (11.44) | (3.92) | 113.32 | (8.11) | (5.83) | 0.68 | 2.72 | (1.08) | (4.59) | (8.85) | (6.70) | (6.50) | (3.57) | (28.49) | (6.41) | (12.12) | (15.94) | (6.76) | (12.77) |
| Tax Provision | 0.02 | (0.28) | 2.72 | (31.83) | 0.74 | 0.38 | 0.23 | 0.09 | (0.13) | 0.04 | (0.45) | (0.10) | 0.03 | 0.00 | (2.32) | 0.09 | 0.06 | (0.19) | 4.63 | 0.19 |
| Net Income | (6.38) | (12.31) | (7.78) | 144.01 | (9.98) | (7.34) | (0.68) | 1.51 | (1.90) | (5.73) | (10.32) | (7.57) | (8.59) | (4.27) | (27.04) | (6.94) | (13.00) | (16.61) | (12.30) | (13.87) |
| Basic EPS | (0.13) | (0.25) | (0.15) | 2.98 | (0.21) | (0.15) | (0.01) | 0.03 | (0.04) | (0.12) | (0.23) | (0.16) | (0.19) | (0.10) | (0.16) | (170,000.00) | (320,000.00) | (0.42) | -- | (0.36) |
| Diluted EPS | (0.13) | (0.25) | (0.15) | 2.95 | (0.21) | (0.15) | (0.01) | 0.03 | (0.04) | (0.12) | (0.23) | (0.16) | (0.19) | (0.10) | (0.16) | (170,000.00) | (320,000.00) | (0.42) | -- | (0.36) |
* Derived from reported values
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 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | (14.34) | 27.90 | (36.07) | (47.19) | (1.67) | 55.97 | (1.28) | 14.32 | 9.35 | (3.92) | 31.74 | (3.65) | (6.92) | (11.09) | 7.85 | (3.07) | (10.79) | 4.53 | (6.43) | (22.39) |
| Capital Expenditures | 9.46 | 9.05 | 6.10 | 0.83 | 2.64 | 14.77 | (5.95) | 11.81 | 0.83 | 1.26 | 4.75 | 1.26 | (0.24) | 2.85 | 5.86 | 1.05 | 4.41 | 20.26 | 16.88 | 7.72 |
| Free Cash Flow* | (23.80) | 18.85 | (42.17) | (48.02) | (4.30) | 41.20 | 4.67 | 2.51 | 8.52 | (5.18) | 26.99 | (4.91) | (6.68) | (13.94) | 1.99 | (4.12) | (15.21) | (15.73) | (23.31) | (30.11) |
| Investing Cash Flow | (13.71) | (10.10) | (6.08) | (88.19) | (3.59) | (15.18) | 4.59 | (12.57) | (1.15) | (2.07) | (6.01) | (1.26) | (0.16) | (3.06) | (5.86) | (1.05) | (4.81) | (22.46) | (17.19) | (7.86) |
| Financing Cash Flow | 18.40 | (18.79) | 34.49 | 116.90 | 3.40 | (8.39) | (5.15) | 0.58 | (9.84) | 7.61 | (24.69) | 6.08 | 9.42 | (2.03) | (3.64) | 8.66 | 9.12 | 6.96 | (32.52) | 90.63 |
* Derived from reported values