Financial Statements — SLNO
Balance Sheet
(in millions USD)| Metric | 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 | 133.03 | 246.66 | 76.50 | 81.33 | 48.41 | 57.02 | 42.85 | 52.44 | 19.37 | 7.87 | 19.75 | 24.07 | 28.97 | 28.19 | 33.60 | 41.61 |
| Short-term Investments | 122.57 | 252.27 | 210.34 | 208.62 | 208.36 | 209.10 | 106.78 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 47.14 | 25.51 | 24.62 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Inventory | 17.31 | 6.67 | 2.36 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Assets | 326.38 | 534.85 | 316.79 | 308.92 | 258.20 | 267.50 | 151.22 | 53.66 | 20.50 | 9.13 | 20.57 | 24.89 | 29.98 | 28.89 | 34.54 | 42.53 |
| Property, Plant & Equipment | 0.20 | 0.15 | 0.17 | 0.17 | 0.20 | 0.02 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 |
| Intangible Assets | 4.37 | 5.35 | 5.83 | 6.32 | 7.29 | 7.78 | 8.26 | 9.24 | 9.72 | 10.21 | 11.18 | 11.67 | 12.15 | 13.12 | 13.61 | 14.10 |
| Total Non-current Assets* | 282.01 | 65.04 | 15.52 | 9.18 | 38.51 | 36.63 | 17.61 | 9.89 | 10.45 | 10.41 | 11.41 | 11.97 | 12.57 | 13.68 | 14.23 | 14.18 |
| Total Assets | 608.39 | 599.90 | 332.31 | 318.09 | 296.71 | 304.13 | 168.84 | 63.55 | 30.94 | 19.54 | 31.98 | 36.86 | 42.55 | 42.57 | 48.78 | 56.71 |
| Accounts Payable | 12.39 | 8.15 | 6.22 | 5.48 | 6.24 | 3.72 | 8.02 | 3.22 | 3.44 | 2.78 | 2.32 | 2.41 | 2.41 | 3.86 | 3.35 | 4.67 |
| Total Current Liabilities | 58.05 | 33.25 | 20.94 | 15.73 | 14.96 | 9.15 | 13.46 | 28.99 | 8.80 | 7.76 | 7.34 | 7.25 | 7.31 | 9.04 | 8.36 | 9.51 |
| Long-term Debt | 49.87 | 49.83 | 49.85 | 49.84 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Liabilities* | 54.54 | 71.84 | 71.22 | 70.10 | 17.05 | 14.22 | 11.99 | 11.34 | 9.72 | 9.14 | 9.44 | 9.31 | 8.77 | 13.32 | 12.98 | 9.63 |
| Total Liabilities | 112.59 | 105.09 | 92.17 | 85.83 | 32.01 | 23.37 | 25.45 | 40.33 | 18.52 | 16.90 | 16.78 | 16.55 | 16.09 | 22.36 | 21.34 | 19.14 |
| Retained Earnings | (399.99) | (474.73) | (500.74) | (496.03) | (396.28) | (319.66) | (297.81) | (265.11) | (254.25) | (245.78) | (231.94) | (225.80) | (219.08) | (210.53) | (202.39) | (191.40) |
| Total Stockholder Equity | 495.80 | 494.81 | 240.14 | 232.26 | 264.70 | 280.76 | 143.39 | 23.22 | 12.43 | 2.64 | 15.20 | 20.31 | 26.46 | 20.20 | 27.44 | 37.57 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | 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 | Q2
2021 |
|---|
| Total Revenue | 94.60 | 91.73 | 66.02 | 32.66 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Cost of Revenue | 1.20 | 0.86 | 1.14 | 0.70 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Gross Profit | 93.41 | 90.87 | 64.88 | 31.96 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Research & Development | 11.27 | 9.56 | 8.40 | 9.15 | 13.52 | 21.49 | 30.14 | 12.34 | 14.60 | 8.69 | 6.04 | 5.14 | 5.32 | 3.81 | 3.77 | 3.70 | 3.99 | 3.73 | 4.97 | 5.59 |
| Selling, General & Admin | 50.37 | 40.88 | 33.75 | 28.24 | 29.26 | 37.30 | 49.20 | 10.89 | 8.47 | 4.14 | 3.32 | 3.17 | 2.85 | 2.40 | 2.33 | 2.47 | 2.64 | 2.60 | 2.77 | 2.46 |
| Total Operating Expenses | 63.33 | 52.15 | 43.91 | 39.18 | 45.74 | 59.12 | 80.21 | 24.87 | 23.48 | 13.91 | 10.38 | 8.62 | 8.47 | 5.61 | 6.24 | 6.78 | 5.77 | 3.00 | 8.29 | 11.09 |
| Operating Income | 31.28 | 39.58 | 22.11 | (6.52) | (45.74) | (59.12) | (80.21) | (24.87) | (23.47) | (13.91) | (10.38) | (8.62) | (8.47) | (5.61) | (6.23) | (6.78) | (5.77) | (3.00) | (8.29) | (11.08) |
| Pretax Income | 34.91 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Tax Provision | 3.54 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net Income | 31.38 | 43.36 | 26.01 | (4.71) | (43.77) | (55.98) | (76.62) | (21.85) | (21.40) | (11.30) | (10.86) | (8.47) | (8.36) | (5.49) | (6.13) | (6.72) | (5.72) | (2.83) | (8.14) | (10.99) |
| Basic EPS | 0.60 | 0.95 | 0.49 | (0.09) | (0.95) | (1.39) | (1.83) | (0.57) | (0.59) | 0.28 | (0.95) | (0.81) | (0.88) | (0.27) | (0.76) | (0.06) | -- | -- | -- | -- |
| Diluted EPS | 0.59 | 0.96 | 0.47 | (0.09) | (0.95) | (1.39) | (1.83) | (0.57) | (0.59) | 0.28 | (0.95) | (0.81) | (0.88) | (0.27) | (0.76) | (0.06) | -- | -- | -- | -- |
Cash Flow Statement
(in millions USD)| Metric | 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 | Q2
2021 |
|---|
| Operating Cash Flow | 25.98 | 48.70 | 43.45 | (12.61) | (32.75) | (23.99) | (14.93) | (17.65) | (12.53) | (6.31) | (6.33) | (5.57) | (6.73) | (5.14) | (4.66) | (4.62) | (6.36) | (6.86) | (5.41) | (8.01) |
| Capital Expenditures | 0.04 | 0.06 | 0.00 | 0.01 | 0.01 | 0.01 | 0.19 | 0.01 | 0.01 | -- | -- | -- | -- | 0.01 | 0.00 | 0.01 | -- | 0.01 | 0.01 | 0.00 |
| Free Cash Flow* | 25.94 | 48.65 | 43.45 | (12.62) | (32.76) | (24.00) | (15.12) | (17.66) | (12.54) | -- | -- | -- | -- | (5.15) | (4.66) | (4.63) | -- | (6.88) | (5.41) | (8.01) |
| Investing Cash Flow | 37.98 | (125.36) | (91.44) | (7.91) | 22.94 | 6.44 | 4.04 | (120.92) | (115.24) | -- | -- | -- | -- | (0.01) | 0.00 | (0.01) | -- | (0.01) | -0.00 | 0.00 |
| Financing Cash Flow | (1.04) | (99.90) | 218.15 | 15.69 | 3.22 | 57.06 | 2.28 | 152.75 | 0.94 | 123.56 | 39.40 | 17.06 | -- | 0.00 | 0.34 | (0.28) | 14.03 | -0.00 | 0.00 | 0.00 |
* Derived from reported values
