Financial Statements — SLS
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 | 138.34 | 107.10 | 44.32 | 25.30 | 28.40 | 21.03 | 9.15 | 18.42 | 3.97 | 13.81 | 23.90 | 21.35 | 26.99 | 14.25 | 26.28 | 29.92 | 28.03 |
| Accounts Receivable | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 1.00 | -- | -- | -- |
| Total Current Assets | 142.51 | 111.17 | 49.05 | 29.45 | 31.97 | 24.04 | 12.30 | 21.50 | 5.20 | 15.58 | 26.02 | 22.61 | 28.74 | 17.84 | 28.97 | 34.58 | 31.43 |
| Goodwill | 1.91 | 1.91 | 1.91 | 1.91 | 1.91 | 1.91 | 1.91 | 1.91 | 1.91 | 1.91 | 1.91 | 1.91 | 1.91 | 1.91 | 1.91 | 1.91 | 1.91 |
| Total Non-current Assets* | 2.88 | 3.01 | 2.50 | 2.86 | 2.98 | 2.47 | 2.82 | 2.93 | 2.88 | 2.99 | 3.08 | 3.40 | 3.47 | 3.60 | 8.98 | 9.05 | 9.14 |
| Total Assets | 145.38 | 114.18 | 51.56 | 32.31 | 34.96 | 26.51 | 15.12 | 24.43 | 8.09 | 18.57 | 29.10 | 26.00 | 32.21 | 21.43 | 37.95 | 43.62 | 40.58 |
| Accounts Payable | 3.09 | 3.63 | 2.31 | 3.34 | 3.76 | 4.55 | 6.33 | 7.41 | 4.34 | 3.73 | 3.10 | 2.13 | 3.34 | 2.84 | 2.55 | 2.28 | 2.35 |
| Total Current Liabilities | 7.57 | 6.46 | 5.93 | 6.00 | 6.89 | 10.61 | 12.05 | 14.44 | 11.74 | 13.42 | 15.51 | 12.55 | 12.19 | 10.68 | 5.32 | 4.24 | 5.97 |
| Total Non-current Liabilities* | 0.16 | 0.31 | 0.00 | 0.16 | 0.31 | 0.00 | 0.16 | 0.31 | 0.18 | 0.30 | 0.42 | 0.85 | 0.97 | 6.73 | 6.03 | 5.97 | 5.86 |
| Total Liabilities | 7.73 | 6.77 | 5.93 | 6.16 | 7.20 | 10.61 | 12.21 | 14.75 | 11.91 | 13.72 | 15.94 | 13.40 | 13.15 | 17.41 | 11.35 | 10.21 | 11.83 |
| Retained Earnings | (293.00) | (283.39) | (267.33) | (260.54) | (253.94) | (241.39) | (234.28) | (226.81) | (209.11) | (199.84) | (191.00) | (170.78) | (163.76) | (155.35) | (132.00) | (124.92) | (120.31) |
| Total Stockholder Equity | 137.66 | 107.41 | 45.63 | 26.15 | 27.76 | 15.89 | 2.91 | 9.68 | (3.83) | 4.84 | 13.17 | 12.60 | 19.06 | 4.03 | 26.61 | 33.42 | 28.74 |
* 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 | 0.00 | -- | -- | -- | 0.00 | -- | -- | -- | 0.00 | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 |
| Cost of Revenue* | 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 | 0.00 | 0.10 | 0.00 | 0.00 |
| Gross Profit | 0.00 | -- | -- | -- | 0.00 | -- | -- | -- | 0.00 | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.90 | 0.00 | 0.00 |
| Research & Development | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 3.39 | 4.54 |
| Selling, General & Admin | 4.36 | 4.12 | 3.53 | 2.87 | 3.00 | 2.86 | 2.48 | 2.97 | 2.44 | 4.53 | 3.08 | 3.55 | 3.13 | 4.11 | 3.60 | 2.86 | 3.09 | 3.02 | 2.53 | 2.44 |
| Total Operating Expenses | 19.88 | -- | -- | -- | 12.94 | -- | -- | -- | 9.05 | -- | 8.18 | 9.36 | 20.33 | 11.28 | 9.45 | 7.15 | 8.62 | 17.64 | 11.62 | 6.98 |
| Operating Income | (10.63) | (9.25) | (8.26) | (7.08) | (6.87) | (6.06) | (6.92) | (7.33) | (7.62) | (9.64) | (8.18) | (9.36) | (9.05) | (11.28) | (9.45) | (7.15) | (8.62) | (16.73) | (11.62) | (6.98) |
| Net Income | (9.60) | (8.41) | (7.66) | (6.79) | (6.60) | (5.81) | (6.74) | (7.11) | (7.47) | (9.57) | (8.14) | (9.27) | (8.84) | (11.10) | (9.12) | (7.02) | (8.41) | (16.74) | (6.60) | (7.08) |
| Basic EPS | (0.05) | (0.05) | (0.05) | (0.06) | (0.07) | (0.07) | (0.06) | (0.10) | (0.13) | (0.21) | (0.23) | (0.33) | (0.31) | (0.47) | (0.33) | (0.34) | (0.41) | (1.05) | (0.42) | (0.45) |
| Diluted EPS | (0.05) | (0.05) | (0.05) | (0.06) | (0.07) | (0.07) | (0.06) | (0.10) | (0.13) | (0.21) | (0.23) | (0.33) | (0.31) | (0.47) | (0.33) | (0.34) | (0.41) | (1.05) | (0.42) | (0.45) |
* 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 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Operating Cash Flow | (7.59) | (8.85) | (4.92) | (7.07) | (7.33) | (9.07) | (7.15) | (7.81) | (9.68) | (10.76) | (4.82) | (6.89) | (7.57) | (12.13) | (5.15) | (5.75) | (5.76) | (7.15) | (4.98) | (5.88) |
| Investing Cash Flow | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | -- | 0.00 | (3.00) | (2.50) | -- | 0.00 | 0.00 | (4.50) | -- | -- | -- |
| Financing Cash Flow | 38.83 | 44.15 | 32.39 | 26.09 | 4.23 | 23.58 | 0.01 | 19.69 | 0.41 | 26.65 | 3.39 | 0.05 | (0.03) | 18.90 | 0.93 | 0.11 | 23.00 | 0.05 | 0.05 | 2.24 |
