Financial Statements — SMSI
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 | 2.80 | 1.74 | 1.39 | 1.40 | 2.29 | 1.51 | 5.63 | 6.16 | 7.98 | 6.42 | 8.72 | 19.00 | 5.36 | 9.83 | 32.37 | 29.94 | 89.25 |
| Accounts Receivable | 2.62 | 2.90 | 2.58 | 2.87 | 3.24 | 3.41 | 3.82 | 4.30 | 10.29 | 11.87 | 11.19 | 9.48 | 11.56 | 12.06 | 12.62 | 14.94 | 8.33 |
| Total Current Assets | 6.80 | 5.97 | 5.06 | 5.87 | 6.96 | 6.42 | 11.51 | 12.26 | 21.21 | 21.64 | 23.23 | 29.57 | 19.43 | 24.09 | 46.91 | 46.92 | 98.49 |
| Property, Plant & Equipment | 0.16 | 0.27 | 0.37 | 0.42 | 0.47 | 0.62 | 0.70 | 0.79 | 1.00 | 1.12 | 1.27 | 1.77 | 2.13 | 2.41 | 3.21 | 3.19 | 2.16 |
| Goodwill | -- | -- | 0.00 | 0.00 | 11.05 | 11.05 | 11.05 | 11.05 | 35.04 | 35.04 | 35.04 | 35.04 | 35.04 | 35.04 | 39.59 | 40.09 | 12.27 |
| Intangible Assets | 16.14 | 17.32 | 19.77 | 21.04 | 22.32 | 24.93 | 26.27 | 27.72 | 31.90 | 33.35 | 34.85 | 37.87 | 39.41 | 40.99 | 38.24 | 41.26 | 10.40 |
| Total Non-current Assets* | 19.09 | 19.83 | 22.07 | 23.72 | 36.40 | 39.76 | 41.48 | 43.18 | 71.10 | 73.03 | 75.03 | 79.93 | 81.41 | 84.42 | 87.79 | 90.50 | 31.20 |
| Total Assets | 25.89 | 25.79 | 27.13 | 29.58 | 43.36 | 46.18 | 52.99 | 55.44 | 92.31 | 94.67 | 98.26 | 109.50 | 100.85 | 108.51 | 134.71 | 137.43 | 129.68 |
| Accounts Payable | 1.83 | 1.57 | 2.28 | 1.77 | 1.67 | 2.05 | 2.34 | 2.22 | 3.03 | 3.34 | 3.12 | 3.63 | 3.77 | 3.15 | 4.33 | 3.37 | 2.64 |
| Total Current Liabilities | 4.70 | 4.36 | 6.52 | 6.27 | 5.67 | 6.41 | 7.54 | 7.19 | 12.18 | 16.61 | 20.25 | 12.77 | 10.16 | 9.34 | 25.01 | 12.71 | 8.43 |
| Total Non-current Liabilities | 3.86 | 3.10 | 0.72 | 0.90 | 1.13 | 2.02 | 2.55 | 2.81 | 3.24 | 3.57 | 4.13 | 13.35 | 3.76 | 4.98 | 5.88 | 5.24 | 5.60 |
| Total Liabilities* | 8.56 | 7.45 | 7.24 | 7.17 | 6.80 | 8.43 | 10.09 | 10.00 | 15.42 | 20.18 | 24.37 | 26.11 | 13.92 | 14.33 | 30.89 | 17.95 | 14.03 |
| Retained Earnings | -- | -- | -- | -- | (359.82) | (350.25) | (343.88) | (336.95) | (299.24) | (294.10) | (288.44) | (273.58) | (267.77) | (259.27) | (248.26) | (229.66) | (224.45) |
| Total Stockholder Equity | 17.33 | 18.34 | 19.89 | 22.41 | 36.56 | 37.75 | 42.90 | 45.44 | 76.89 | 74.49 | 73.88 | 83.38 | 86.93 | 94.18 | 103.82 | 119.47 | 115.66 |
* 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 | 4.34 | 4.22 | 3.98 | 4.35 | 4.42 | 4.62 | 4.97 | 4.65 | 5.14 | 5.80 | 8.59 | 11.00 | 10.34 | 10.93 | 11.41 | 11.70 | 12.67 | 12.74 | 14.68 | 16.44 |
| Cost of Revenue | 0.81 | 0.91 | 0.94 | 1.14 | 1.17 | 1.26 | 1.21 | 1.32 | 1.61 | 1.99 | 2.16 | 2.53 | 2.59 | 3.28 | 3.33 | 3.63 | 3.62 | 3.64 | 4.10 | 3.69 |
| Gross Profit | 3.53 | 3.31 | 3.04 | 3.21 | 3.25 | 3.36 | 3.76 | 3.33 | 3.53 | 3.81 | 6.43 | 8.47 | 7.75 | 7.65 | 8.08 | 8.07 | 9.06 | 9.10 | 10.58 | 12.75 |
| Research & Development | 1.37 | 1.85 | 2.51 | 2.60 | 2.75 | 2.86 | 2.76 | 3.64 | 3.70 | 3.99 | 3.87 | 3.70 | 3.71 | 5.87 | 6.73 | 7.52 | 8.21 | 7.40 | 4.88 | 8.16 |
| Selling, General & Admin | 2.00 | 2.11 | 2.35 | 2.27 | 2.67 | 2.72 | 2.37 | 2.72 | 2.74 | 2.76 | 3.33 | 2.93 | 3.04 | 3.48 | 3.76 | 4.33 | 4.03 | 4.05 | 4.17 | 5.14 |
| Total Operating Expenses | 5.90 | 6.68 | 7.40 | 7.70 | 18.20 | 8.57 | 8.22 | 9.83 | 10.51 | 35.26 | 12.13 | 10.65 | 10.99 | 14.58 | 15.23 | 16.39 | 17.54 | 16.08 | 14.61 | 31.21 |
| Operating Income | (2.37) | (3.37) | (4.36) | (4.49) | (14.95) | (5.21) | (4.46) | (6.51) | (6.98) | (31.45) | (5.69) | (2.18) | (3.24) | (6.93) | (7.15) | (8.32) | (8.48) | (6.98) | (4.03) | (18.46) |
| Pretax Income | (2.65) | (3.90) | (4.63) | (4.53) | (15.06) | (5.18) | (4.44) | (6.37) | (6.93) | (30.97) | (6.58) | (5.12) | (5.66) | (6.88) | (7.82) | (5.78) | (8.46) | (6.98) | (3.95) | (18.46) |
| Tax Provision | 0.00 | 0.00 | (0.08) | 0.00 | 0.00 | 0.00 | (0.05) | 0.00 | 0.00 | 0.04 | 0.13 | 0.01 | 0.00 | 0.01 | 0.15 | 0.03 | 0.03 | 0.02 | 0.06 | 0.14 |
| Net Income | (2.65) | (3.90) | (4.55) | (4.53) | (15.06) | (5.18) | (4.39) | (6.37) | (6.93) | (31.01) | (6.71) | (5.13) | (5.66) | (6.89) | (7.97) | (5.81) | (8.49) | (7.00) | (4.01) | (18.61) |
| Basic EPS | (0.52) | (0.15) | (0.15) | (0.25) | (0.78) | (0.28) | 0.54 | (0.54) | (0.66) | (3.28) | (0.10) | (0.08) | (0.09) | (0.11) | (0.15) | (0.10) | (0.15) | (0.13) | -- | (0.34) |
| Diluted EPS | (0.52) | (0.15) | (0.15) | (0.25) | (0.78) | (0.28) | 0.54 | (0.54) | (0.66) | (3.28) | (0.10) | (0.08) | (0.09) | (0.11) | (0.15) | (0.10) | (0.15) | (0.13) | -- | (0.34) |
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 | (0.88) | (3.75) | (2.19) | (2.14) | (2.27) | (0.60) | (4.93) | (3.81) | (4.21) | (1.34) | (1.02) | 1.54 | (2.16) | (5.33) | (4.78) | (2.85) | (5.04) | (6.59) | (15.19) | 0.78 |
| Capital Expenditures | 0.06 | 0.01 | 0.04 | 0.02 | 0.03 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | -0.00 | 0.01 | -- | -- | (0.04) | (0.03) | 0.05 | 0.06 | 0.09 | 0.40 |
| Free Cash Flow* | (0.94) | (3.76) | (2.22) | (2.16) | (2.30) | (0.61) | (4.93) | (3.82) | (4.21) | (1.35) | (1.02) | 1.54 | -- | -- | (4.75) | (2.82) | (5.09) | (6.65) | (15.28) | 0.38 |
| Investing Cash Flow | (0.01) | (0.01) | (0.04) | 0.28 | 0.96 | -0.00 | -0.00 | (0.01) | (0.01) | 0.19 | 0.07 | (0.01) | 0.07 | 0.00 | 0.11 | 0.04 | 0.02 | (0.05) | 0.03 | (0.40) |
| Financing Cash Flow | 1.95 | 4.01 | 2.32 | 1.85 | 0.42 | 0.09 | 6.23 | (0.30) | 3.69 | 0.18 | 0.10 | 0.03 | (0.22) | 0.03 | (0.30) | 16.46 | 0.54 | 0.39 | (1.13) | 2.05 |
* Derived from reported values
