Financial Statements — SMTI
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 | 15.42 | 13.59 | 14.94 | 16.96 | 20.69 | 16.28 | 6.15 | 2.83 | 6.24 | 6.06 | 7.29 | 10.29 | 12.68 | 16.14 | 22.37 | 24.39 | 27.33 |
| Accounts Receivable | 12.57 | 13.62 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 5.42 | 3.84 | 0.10 | 0.17 | -- | -- |
| Inventory | 3.46 | 3.12 | 3.39 | 3.51 | 3.16 | 3.01 | 3.56 | 4.23 | 5.02 | 4.42 | 3.43 | 3.73 | 2.31 | 2.17 | 1.55 | 1.54 | 1.18 |
| Total Current Assets | 32.20 | 31.20 | 31.23 | 33.67 | 36.84 | 31.91 | 20.81 | 17.19 | 19.38 | 18.18 | 19.01 | 20.57 | 19.83 | 22.49 | 27.23 | 28.92 | 31.54 |
| Property, Plant & Equipment | 0.43 | 0.46 | 0.42 | 8.90 | 2.06 | 1.00 | 1.12 | 1.19 | 1.33 | 1.24 | 1.34 | 1.47 | 1.51 | 1.58 | 1.58 | 1.67 | 1.67 |
| Goodwill | 3.60 | 3.60 | 3.60 | 3.60 | 3.60 | 3.60 | 3.60 | 3.60 | 3.60 | 3.60 | 3.60 | 3.28 | -- | -- | -- | -- | -- |
| Intangible Assets | 17.28 | 17.86 | 21.10 | 40.99 | 42.01 | 42.03 | 42.98 | 43.95 | 45.99 | 30.14 | 30.84 | 32.22 | 8.76 | 4.62 | 4.84 | 3.79 | 3.77 |
| Total Non-current Assets | 36.95 | 38.08 | 39.86 | 65.10 | 59.54 | 56.64 | 52.57 | 53.73 | 56.10 | 40.10 | 40.96 | 40.90 | 26.65 | 11.44 | 10.70 | 9.87 | 7.48 |
| Total Assets | 69.15 | 69.28 | 71.09 | 98.77 | 96.38 | 88.55 | 73.38 | 70.91 | 75.47 | 58.28 | 59.97 | 61.48 | 46.48 | 33.93 | 37.93 | 38.78 | 39.02 |
| Accounts Payable | 1.40 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.89 | 0.73 | 0.93 | 0.32 | 0.31 | 0.28 |
| Short-term Debt | -- | -- | -- | -- | -- | -- | -- | 3.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 12.49 | 13.70 | 17.36 | 14.88 | 13.28 | 14.34 | 11.57 | 12.75 | 13.23 | 9.88 | 10.60 | 9.21 | 6.93 | 5.23 | 4.16 | 3.75 | 3.13 |
| Long-term Debt | 46.48 | 46.23 | 45.09 | 44.22 | 43.40 | 30.08 | 14.37 | 9.70 | 9.69 | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Liabilities | 48.72 | 48.56 | 47.59 | 48.50 | 46.43 | 34.75 | 20.42 | 15.15 | 18.15 | 7.43 | 7.89 | 7.62 | 4.10 | 0.19 | 0.35 | 0.38 | 0.41 |
| Total Liabilities | 61.21 | 62.26 | 64.95 | 63.38 | 59.71 | 49.09 | 31.98 | 27.90 | 31.38 | 17.31 | 18.49 | 16.83 | 11.03 | 5.42 | 4.51 | 4.13 | 3.55 |
| Retained Earnings | (74.89) | (74.50) | (73.69) | (43.29) | (41.31) | (36.25) | (33.39) | (29.90) | (27.80) | (26.74) | (24.91) | (19.12) | (21.66) | (18.42) | (11.41) | (9.39) | (8.21) |
| Total Stockholder Equity | 7.94 | 7.03 | 6.15 | 35.40 | 36.67 | 39.78 | 41.71 | 43.29 | 44.32 | 41.15 | 41.62 | 45.46 | 36.20 | 29.03 | 33.42 | 34.66 | 35.98 |
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 | 28.14 | 27.80 | 27.52 | 26.33 | 25.83 | 23.43 | 26.31 | 21.67 | 20.16 | 18.54 | 17.69 | 16.02 | 15.75 | 15.52 | 15.32 | 13.04 | 9.67 | 7.81 | 7.03 | 5.82 |
| Cost of Revenue | 1.98 | 1.92 | 1.87 | 1.87 | 1.94 | 1.83 | 2.25 | 1.99 | 2.01 | 1.89 | 1.79 | 1.75 | 2.19 | 2.13 | 2.37 | 2.23 | 0.96 | 0.81 | 0.78 | 0.52 |
| Gross Profit | 26.16 | 25.87 | 25.64 | 24.46 | 23.89 | 21.60 | 24.06 | 19.68 | 18.15 | 16.65 | 15.90 | 14.27 | 13.57 | 13.40 | 12.95 | 10.82 | 8.71 | 7.01 | 6.25 | 5.31 |
| Research & Development | 1.15 | 0.76 | 1.67 | 1.03 | 1.26 | 1.11 | 2.41 | 1.36 | 0.99 | 0.95 | 0.65 | 0.99 | 1.18 | 1.32 | 1.03 | 1.06 | 1.07 | 0.20 | 0.30 | 0.04 |
| Selling, General & Admin | 5.73 | 4.87 | 15.85 | 19.88 | 21.55 | 21.44 | 22.42 | 18.99 | 18.96 | 16.19 | 16.34 | 13.88 | 13.81 | 12.97 | 14.11 | 12.06 | 10.43 | 9.38 | 9.16 | 6.92 |
| Total Operating Expenses | 24.38 | 23.23 | 19.17 | 21.52 | 23.92 | 23.68 | 24.43 | 21.60 | 21.03 | 18.18 | 16.13 | 15.18 | 15.43 | 14.61 | 16.09 | 13.94 | 11.91 | 9.78 | 9.66 | 7.16 |
| Operating Income | 1.78 | 2.65 | 6.47 | 2.94 | (0.03) | (2.08) | (0.37) | (1.92) | (2.88) | (1.53) | (0.23) | (0.91) | (1.87) | (1.22) | (3.14) | (3.12) | (3.19) | (2.78) | (3.41) | (1.85) |
| Interest Expense | 1.81 | 1.80 | 1.83 | 1.82 | 1.79 | 1.32 | 1.29 | 0.93 | 0.64 | 0.27 | 0.29 | 0.19 | 0.00 | 0.00 | 0.11 | 0.11 | 0.06 | -- | 0.00 | 0.00 |
| Pretax Income | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (0.26) | (1.09) | (1.87) | -- | (4.16) | (3.23) | -- | -- | -- | -- |
| Tax Provision | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (4.14) | -- | 0.00 | (1.70) | -- | -- | -- | -- |
| Net Income | (0.45) | 0.46 | (1.61) | (30.41) | (2.01) | (3.53) | (1.54) | (2.86) | (3.50) | (1.76) | (0.24) | (1.06) | (1.83) | (1.18) | 0.01 | (1.53) | (3.26) | (3.16) | (3.56) | (2.05) |
| Basic EPS | (0.05) | 0.05 | (0.20) | (3.52) | (0.23) | (0.41) | (0.18) | (0.34) | (0.41) | (0.21) | (0.03) | (0.13) | (0.22) | (0.14) | 0.01 | (0.18) | (0.42) | (0.41) | -- | -- |
| Diluted EPS | (0.05) | 0.05 | (0.32) | (3.40) | (0.23) | (0.41) | (0.18) | (0.34) | (0.41) | (0.21) | (0.03) | (0.13) | (0.22) | -- | -- | 0.09 | -- | -- | -- | -- |
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 | 2.04 | (2.47) | 3.95 | 2.18 | 2.66 | (2.00) | 0.93 | 2.05 | (1.41) | (1.59) | (0.85) | 1.06 | (1.72) | (1.74) | (0.65) | (1.64) | (1.15) | (2.11) | (1.78) | (1.43) |
| Capital Expenditures | 0.01 | 0.04 | 0.08 | 1.06 | 1.76 | 1.72 | 0.07 | 0.01 | 0.06 | 0.07 | 0.05 | 0.17 | 0.01 | 0.03 | 0.05 | 0.01 | 0.04 | 0.04 | 0.14 | 0.00 |
| Free Cash Flow* | 2.03 | (2.51) | 3.86 | 1.12 | 0.90 | (3.72) | 0.86 | 2.04 | (1.47) | (1.66) | (0.90) | 0.89 | (1.73) | (1.77) | (0.70) | (1.66) | (1.19) | (2.16) | (1.93) | (1.44) |
| Investing Cash Flow | (0.01) | (0.04) | (2.45) | (3.42) | (3.93) | (5.18) | (0.13) | (6.36) | (0.06) | (0.07) | (0.05) | (10.11) | (0.01) | (0.03) | (0.38) | (0.75) | (2.09) | (0.29) | (1.49) | (0.58) |
| Financing Cash Flow | (0.21) | (0.48) | 0.14 | (0.77) | (2.47) | 11.99 | (1.20) | 14.43 | 4.79 | (0.66) | (0.19) | 9.22 | 0.51 | 0.10 | (0.30) | 0.00 | (0.22) | (0.10) | (0.44) | 0.00 |
* Derived from reported values
