Financial Statements — SMXT
Balance Sheet
(in millions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 |
|---|
| Cash & Equivalents | 4.31 | 5.72 | 1.92 | 0.60 | 0.87 | 1.36 | 4.93 |
| Short-term Investments | -- | -- | -- | 6.25 | 7.71 | 7.69 | 7.00 |
| Accounts Receivable | 12.28 | 13.39 | 3.45 | 4.28 | 4.59 | 4.42 | 3.98 |
| Inventory | 1.72 | 1.61 | 1.59 | 2.30 | 1.52 | 1.56 | 1.25 |
| Total Current Assets | 80.46 | 42.06 | 21.54 | 21.55 | 24.17 | 24.70 | 27.27 |
| Property, Plant & Equipment | 0.13 | 0.15 | 0.16 | 0.18 | 0.22 | 0.24 | 0.27 |
| Goodwill | -- | 0.00 | 0.00 | 0.00 | 0.00 | 7.38 | 7.43 |
| Total Non-current Assets* | 25.74 | 16.60 | 16.70 | 17.04 | 18.88 | 26.40 | 27.43 |
| Total Assets | 106.19 | 58.66 | 38.24 | 38.59 | 43.05 | 51.09 | 54.69 |
| Accounts Payable | 60.97 | 26.07 | 3.91 | 3.95 | 13.50 | 13.33 | 12.95 |
| Short-term Debt | 18.10 | 16.50 | 20.90 | 21.00 | 19.90 | 17.90 | 8.00 |
| Total Current Liabilities | 98.02 | 57.50 | 39.80 | 39.02 | 37.72 | 34.88 | 36.39 |
| Total Non-current Liabilities* | 19.58 | 12.94 | 13.55 | 15.45 | 16.26 | 19.03 | 18.88 |
| Total Liabilities | 117.60 | 70.44 | 53.35 | 54.47 | 53.98 | 53.91 | 55.28 |
| Retained Earnings | (110.22) | (109.04) | (106.78) | (104.88) | (99.68) | (90.06) | (87.90) |
| Total Stockholder Equity | (11.41) | (11.78) | (15.11) | (15.87) | (10.94) | (2.81) | (0.59) |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 |
|---|
| Total Revenue | 14.83 | 46.57 | 30.60 | 6.88 | 6.93 | 6.44 | 6.33 | 4.45 | 5.76 | 12.24 |
| Cost of Revenue | 11.78 | 45.32 | 29.65 | 6.28 | 5.51 | 5.50 | 5.07 | 3.87 | 6.23 | 9.30 |
| Gross Profit | 3.05 | 1.25 | 0.96 | 0.60 | 1.42 | 0.93 | 1.26 | 0.59 | (0.46) | 2.95 |
| Selling, General & Admin | 2.91 | 2.44 | 2.92 | 2.30 | 2.50 | 2.61 | 3.68 | 2.90 | 18.25 | 2.81 |
| Total Operating Expenses | 2.95 | 2.51 | 3.06 | 2.37 | 2.57 | 2.73 | 11.28 | 2.99 | 18.42 | 3.00 |
| Operating Income | 0.10 | (1.26) | (2.11) | (1.77) | (1.16) | (1.80) | (10.03) | (2.40) | (18.88) | (0.05) |
| Interest Expense | 0.30 | 0.28 | 0.36 | 0.36 | 0.37 | -- | -- | -- | -- | -- |
| Pretax Income | (0.31) | (1.32) | (2.77) | (2.00) | (1.36) | (2.19) | (9.57) | (2.28) | (19.27) | (0.13) |
| Tax Provision | (0.01) | (0.45) | (0.52) | (0.11) | (0.06) | 1.72 | 0.06 | (0.11) | 0.00 | (0.21) |
| Net Income | (0.31) | (0.87) | (2.26) | (1.90) | (1.30) | (3.90) | (9.62) | (2.16) | (19.27) | 0.08 |
| Basic EPS | (0.01) | (0.24) | (0.04) | (0.04) | (0.03) | (0.96) | (0.21) | -- | (0.46) | -- |
| Diluted EPS | (0.01) | (0.24) | (0.04) | (0.04) | (0.03) | (0.96) | (0.21) | -- | (0.46) | -- |
Cash Flow Statement
(in millions USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 |
|---|
| Operating Cash Flow | (4.19) | (2.52) | 3.40 | 0.22 | (0.60) | (1.31) | 0.20 | (1.62) | (6.40) |
| Capital Expenditures | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | -- |
| Free Cash Flow* | -- | -- | -- | -- | -- | (1.31) | 0.20 | (1.62) | -- |
| Investing Cash Flow | 0.55 | 5.20 | 0.50 | 0.04 | 0.09 | 1.38 | (0.02) | (0.69) | (6.99) |
| Financing Cash Flow | (0.01) | (0.33) | (0.07) | 1.18 | 0.38 | (0.55) | (0.36) | (1.36) | 15.57 |
* Derived from reported values
