Financial Statements — SMWB
Balance Sheet
(in millions USD)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 |
|---|
| Cash & Equivalents | 72.42 | 63.87 | 71.73 | 77.81 | 128.88 |
| Short-term Investments | -- | -- | -- | -- | 0.00 |
| Accounts Receivable | 54.06 | 50.98 | 47.87 | 38.14 | 31.02 |
| Total Current Assets | 150.34 | 141.36 | 146.39 | 142.18 | 187.69 |
| Property, Plant & Equipment | 22.04 | 25.92 | 28.63 | 31.82 | 6.36 |
| Goodwill | 38.81 | 25.27 | 12.87 | 12.87 | 11.32 |
| Intangible Assets | 6.77 | 5.58 | 4.79 | 9.56 | 11.62 |
| Total Non-current Assets* | 56.46 | 60.31 | 64.64 | 72.65 | 39.31 |
| Total Assets | 261.15 | 242.91 | 239.01 | 246.05 | 227.00 |
| Accounts Payable | 13.87 | 12.40 | 8.42 | 7.14 | 11.30 |
| Total Current Liabilities | 196.57 | 177.19 | 184.19 | 180.93 | 134.15 |
| Total Non-current Liabilities* | 41.25 | 38.21 | 39.28 | 43.16 | 7.94 |
| Total Liabilities | 237.82 | 215.40 | 223.47 | 224.09 | 142.09 |
| Retained Earnings | (397.49) | (364.56) | (353.10) | (323.73) | (240.06) |
| Total Stockholder Equity | 23.33 | 27.51 | 15.55 | 21.95 | 84.91 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 |
|---|
| Total Revenue | 282.60 | 249.91 | 218.02 | 193.23 | 137.67 |
| Cost of Revenue | 57.80 | 54.81 | 47.09 | 53.27 | 31.75 |
| Gross Profit | 224.80 | 195.10 | 170.93 | 139.96 | 105.92 |
| Research & Development | 72.60 | 55.60 | 56.16 | 59.90 | 44.38 |
| Selling, General & Admin | 52.09 | 43.69 | 42.38 | 45.28 | 33.80 |
| Total Operating Expenses | 248.36 | 204.76 | 199.74 | 227.82 | 172.02 |
| Operating Income | (23.56) | (9.66) | (28.81) | (87.86) | (66.11) |
| Interest Expense | -- | -- | -- | -- | 1.89 |
| Pretax Income | (28.77) | (9.53) | (27.87) | (83.14) | (68.00) |
| Tax Provision | 4.16 | 1.93 | 1.51 | 0.52 | 0.98 |
| Net Income | (32.94) | (11.46) | (29.37) | (83.66) | (68.98) |
| Basic EPS | (0.39) | (0.14) | (0.38) | (1.10) | (1.30) |
| Diluted EPS | (0.39) | (0.14) | (0.38) | (1.10) | (1.30) |
Cash Flow Statement
(in millions USD)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 |
|---|
| Operating Cash Flow | 14.64 | 30.17 | (3.04) | (46.06) | (27.62) |
| Capital Expenditures | 1.49 | 1.43 | 1.56 | 28.26 | 2.31 |
| Free Cash Flow* | 13.15 | 28.74 | (4.60) | (74.32) | (29.94) |
| Investing Cash Flow | (13.23) | (18.70) | (2.59) | (33.01) | 7.36 |
| Financing Cash Flow | 6.91 | (18.84) | 1.19 | 29.12 | 125.25 |
* Derived from reported values
