Financial Statements — SLSN
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 | 1.05 | 0.57 | 0.43 | 4.11 | 1.82 | 2.93 | 2.36 | 2.02 | 1.19 | 2.20 | 1.09 | 0.51 | 0.66 | 0.90 | 1.38 | 1.08 | 1.82 |
| Accounts Receivable | 9.35 | 6.38 | 9.71 | 11.05 | 9.09 | 8.73 | 5.93 | 5.23 | 3.20 | 5.72 | 4.38 | 5.37 | 6.54 | 5.27 | 4.72 | 3.40 | 3.83 |
| Inventory | 12.96 | 17.56 | 18.87 | 19.83 | 21.91 | 15.04 | 13.87 | 13.28 | 10.12 | 8.41 | 8.12 | 9.60 | 8.95 | 8.56 | 6.33 | 5.62 | 5.00 |
| Total Current Assets | 25.27 | 26.41 | 32.79 | 38.77 | 35.90 | 29.76 | 24.26 | 22.08 | 15.55 | 17.37 | 14.53 | 16.45 | 17.35 | 15.74 | 13.13 | 10.81 | 11.30 |
| Property, Plant & Equipment | 14.79 | 14.75 | 13.94 | 13.56 | 13.11 | 10.23 | 9.26 | 8.81 | 8.61 | 8.46 | 8.24 | 6.54 | 5.72 | 5.00 | 4.01 | 3.43 | 3.00 |
| Total Non-current Assets* | 21.17 | 21.38 | 21.20 | 21.19 | 21.11 | 18.29 | 16.59 | 16.43 | 16.80 | 16.93 | 16.95 | 17.60 | 17.14 | 16.72 | 5.70 | 5.22 | 4.90 |
| Total Assets | 46.44 | 47.79 | 53.99 | 59.96 | 57.02 | 48.05 | 40.85 | 38.50 | 32.35 | 34.30 | 31.48 | 34.05 | 34.49 | 32.46 | 18.83 | 16.04 | 16.20 |
| Accounts Payable | 4.97 | 4.67 | 4.83 | 6.89 | 9.17 | 6.56 | 5.58 | 6.22 | 6.27 | 4.96 | 6.03 | 5.40 | 4.37 | 4.95 | 2.44 | 2.62 | 2.45 |
| Total Current Liabilities | 26.01 | 12.69 | 17.86 | 22.54 | 32.88 | 23.29 | 13.77 | 12.18 | 17.66 | 19.38 | 16.86 | 14.09 | 13.53 | 11.43 | 9.47 | 7.99 | 9.01 |
| Long-term Debt | -- | -- | -- | -- | -- | -- | -- | -- | 1.00 | -- | 1.00 | -- | -- | -- | -- | -- | 0.95 |
| Total Non-current Liabilities | 7.27 | 18.14 | 18.90 | 19.23 | 8.98 | 9.59 | 15.16 | 15.38 | 10.76 | 9.76 | 10.02 | 12.54 | 12.97 | 13.28 | 1.62 | 1.78 | 3.11 |
| Total Liabilities* | 33.28 | 30.83 | 36.76 | 41.77 | 41.86 | 32.88 | 28.93 | 33.55 | 28.42 | 29.14 | 26.88 | 26.63 | 26.50 | 24.71 | 11.09 | 9.76 | 12.12 |
| Retained Earnings | (103.31) | (99.40) | (98.80) | (97.68) | (100.35) | (99.87) | (102.91) | (103.77) | (102.53) | (101.10) | (101.43) | (98.08) | (97.33) | (97.38) | (97.05) | (98.42) | (98.46) |
| Total Stockholder Equity | 13.15 | 16.97 | 17.23 | 18.19 | 15.16 | 15.17 | 11.92 | 4.95 | 3.93 | 5.16 | 4.60 | 7.42 | 7.99 | 7.75 | 7.74 | 6.28 | 4.08 |
* 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 | 15.33 | 12.96 | 12.48 | 14.60 | 20.36 | 14.63 | 12.57 | 16.87 | 13.05 | 9.87 | 8.01 | 7.96 | 11.87 | 9.46 | 8.26 | 9.68 | 11.22 | 8.16 | 7.37 | 7.92 |
| Cost of Revenue | 10.58 | 9.62 | 9.05 | 11.23 | 14.48 | 11.24 | 9.80 | 10.76 | 9.31 | 6.29 | 7.54 | 6.43 | 8.20 | 7.31 | 7.30 | 7.19 | 8.49 | 5.99 | 6.20 | 4.95 |
| Gross Profit | 4.75 | 3.34 | 3.43 | 3.37 | 5.88 | 3.38 | 2.77 | 6.10 | 3.74 | 3.58 | 0.47 | 1.53 | 3.68 | 2.15 | 0.96 | 2.49 | 2.74 | 2.17 | 1.17 | 2.98 |
| Research & Development | 0.95 | 1.04 | 1.03 | 1.08 | 0.96 | 1.02 | 1.09 | 0.97 | 0.86 | 0.91 | 0.79 | 1.06 | 0.99 | 1.00 | 0.73 | 0.85 | 0.80 | 0.67 | 0.56 | 0.64 |
| Selling, General & Admin | 3.68 | 2.80 | 2.21 | 3.07 | 3.01 | 2.11 | 1.90 | 1.93 | 1.83 | 1.56 | 1.58 | 1.70 | 2.11 | 2.15 | 2.09 | 2.28 | 1.82 | 1.40 | 0.90 | 0.94 |
| Total Operating Expenses | 4.63 | 3.84 | 3.25 | 4.15 | 3.97 | 3.13 | 2.99 | 2.90 | 2.69 | 2.47 | 2.37 | 2.75 | 3.10 | 3.15 | 2.82 | 3.13 | 2.61 | 2.06 | 1.47 | 4.66 |
| Operating Income | 0.12 | (0.50) | 0.19 | (0.78) | 1.91 | 0.26 | (0.22) | 3.20 | 1.05 | 1.11 | (1.90) | (1.22) | 0.58 | (1.00) | (1.85) | (0.63) | 0.12 | 0.11 | (0.30) | 1.40 |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | 0.15 | 0.19 | 0.22 | 0.22 | 0.21 | 0.25 | 0.16 | 0.15 | 0.12 | 0.07 | 0.04 | 0.06 | 0.04 |
| Pretax Income | (0.16) | (0.77) | (0.15) | (1.12) | 3.06 | 0.08 | (0.33) | 3.05 | 0.86 | 0.89 | (2.12) | (1.44) | 0.33 | (1.16) | (2.00) | (0.75) | 0.05 | 0.06 | (0.36) | 1.36 |
| Tax Provision | -- | -- | (0.32) | 0.00 | 0.39 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net Income | (0.16) | (0.77) | 0.16 | (1.12) | 2.67 | 0.08 | (0.56) | 3.05 | 0.86 | 0.89 | (2.13) | (1.44) | 0.33 | (1.16) | (1.98) | (0.75) | 0.05 | 0.06 | (0.39) | 1.36 |
| Basic EPS | 0.00 | (0.01) | 0.01 | (0.02) | 0.04 | 0.00 | (0.01) | 0.04 | 0.02 | 0.02 | (0.05) | (0.03) | 0.01 | (0.02) | (0.03) | (0.02) | 0.00 | 0.00 | 0.01 | 0.03 |
| Diluted EPS | 0.00 | (0.01) | 0.00 | (0.02) | 0.04 | 0.00 | 0.00 | 0.04 | 0.01 | 0.02 | (0.05) | (0.03) | 0.01 | (0.02) | (0.03) | (0.02) | 0.00 | 0.00 | 0.01 | 0.03 |
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 | 0.19 | 1.52 | 1.82 | (2.51) | (0.65) | (7.22) | 2.19 | 4.20 | (0.56) | (3.85) | (2.65) | 2.61 | (1.18) | (0.78) | 0.75 | 0.98 | (1.61) | (1.77) | 2.05 | (0.22) |
| Capital Expenditures | -- | -- | -- | -- | -- | -- | 2.59 | 1.40 | 0.48 | 0.09 | 0.20 | 0.04 | 0.79 | 0.02 | 1.02 | 0.67 | 0.75 | 0.38 | 0.43 | 0.94 |
| Free Cash Flow* | -- | -- | -- | -- | -- | -- | (0.40) | 2.80 | (1.04) | (3.94) | (2.85) | 2.56 | (1.97) | (0.80) | (0.28) | 0.31 | (2.36) | (2.15) | 1.62 | (1.16) |
| Investing Cash Flow | (0.47) | (0.53) | (0.45) | (0.42) | (1.41) | 0.13 | (2.59) | (1.40) | (0.48) | (0.08) | (0.20) | (0.04) | (0.79) | (0.02) | (1.02) | (0.67) | (0.75) | (0.38) | (0.43) | (0.94) |
| Financing Cash Flow | 0.75 | (1.70) | (0.51) | (0.75) | 4.35 | 7.50 | (1.11) | (2.23) | 1.38 | 4.24 | 3.38 | (3.57) | 3.07 | (0.29) | 1.95 | (0.47) | 2.12 | 2.39 | (2.35) | 1.46 |
* Derived from reported values
