Financial Statements — SOPA
Balance Sheet
(in millions USD)| Metric | 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 |
|---|
| Cash & Equivalents | 6.55 | 8.22 | 7.09 | 4.22 | 0.83 | 1.62 | 8.22 | 10.84 | 13.76 | 22.99 | 28.01 | 30.97 | 5.72 |
| Accounts Receivable | 1.34 | 1.06 | 0.86 | 0.76 | 0.78 | 1.34 | 1.30 | 1.24 | 0.86 | 0.57 | 0.05 | 0.05 | 0.09 |
| Inventory | 0.08 | 0.13 | 0.16 | 0.29 | 0.29 | 0.38 | 0.84 | 0.20 | 0.23 | 0.26 | 0.34 | 0.27 | 0.00 |
| Total Current Assets | 26.63 | 22.58 | 16.15 | 9.81 | 5.58 | 5.54 | 12.05 | 14.59 | 16.86 | 27.97 | 32.95 | 37.08 | 5.98 |
| Property, Plant & Equipment | 0.34 | 0.35 | 0.36 | 0.50 | 0.53 | 0.60 | 0.73 | 0.81 | 0.83 | 0.65 | 0.10 | 0.08 | 0.01 |
| Goodwill | 0.08 | 0.08 | 0.08 | 0.09 | 0.09 | 0.09 | 0.22 | 0.18 | -- | 7.28 | 0.45 | 0.45 | -- |
| Intangible Assets | 5.03 | 5.31 | 5.41 | 5.65 | 5.85 | 5.95 | 6.29 | 6.78 | 6.68 | 4.17 | 3.28 | 3.20 | 4.80 |
| Total Non-current Assets | 6.30 | 6.61 | 6.76 | 7.17 | 7.44 | 7.73 | 8.69 | 9.38 | 9.21 | 12.74 | 4.55 | 4.54 | 5.34 |
| Total Assets | 32.93 | 29.19 | 22.91 | 16.98 | 13.02 | 13.28 | 20.74 | 23.97 | 26.07 | 40.72 | 37.50 | 41.62 | 11.32 |
| Accounts Payable | 3.40 | 9.58 | 4.61 | 2.94 | 1.77 | 1.83 | 1.82 | 1.73 | 1.46 | 1.21 | 0.90 | 0.20 | 0.10 |
| Short-term Debt | -- | -- | -- | -- | -- | -- | 0.02 | 0.02 | 0.03 | 0.21 | 0.06 | -- | -- |
| Total Current Liabilities | 18.96 | 26.50 | 23.30 | 15.94 | 10.35 | 9.37 | 9.87 | 10.20 | 9.35 | 12.72 | 2.71 | 1.70 | 1.09 |
| Total Non-current Liabilities* | 0.64 | 0.45 | 0.49 | 0.49 | 0.56 | 0.66 | 0.92 | 1.07 | 10.51 | 13.07 | 3.13 | 2.21 | 1.45 |
| Total Liabilities* | 19.60 | 26.94 | 23.79 | 16.43 | 10.91 | 10.03 | 10.79 | 11.26 | 10.06 | 12.75 | 2.91 | 2.06 | 26.74 |
| Retained Earnings | (116.61) | (111.49) | (112.00) | (106.09) | (104.71) | (102.72) | (93.61) | (89.75) | (86.43) | (71.36) | (61.41) | (53.90) | (28.12) |
| Total Stockholder Equity | 13.91 | 2.45 | (0.66) | 0.86 | 2.39 | 3.52 | 10.37 | 13.12 | 16.02 | 27.96 | 34.59 | 39.56 | (15.42) |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | 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 | 1.38 | 2.50 | 1.47 | 1.87 | 1.68 | 1.71 | 1.85 | 1.67 | 2.27 | 2.19 | 2.04 | 2.64 | 2.05 | 0.50 | 0.45 | 0.42 | 0.08 |
| Cost of Revenue | 0.01 | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 | 0.02 | 0.04 | 0.08 | 0.12 | 0.24 | 0.64 | 0.61 | 0.46 | 0.40 | 0.45 | 0.16 |
| Gross Profit | 0.89 | 1.41 | 0.47 | 0.54 | 0.37 | 0.46 | 0.49 | 0.64 | 0.56 | 0.58 | 0.69 | 0.67 | 0.31 | -0.00 | (0.01) | (0.03) | (0.08) |
| Research & Development | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 |
| Selling, General & Admin | 6.00 | 1.49 | 2.27 | 3.60 | 1.49 | 2.46 | 3.24 | 5.47 | 4.46 | 3.88 | 5.99 | 7.44 | 9.93 | 7.35 | 5.84 | 18.98 | 8.29 |
| Total Operating Expenses | 6.13 | 1.57 | 2.33 | 3.64 | 1.54 | 2.62 | 3.38 | 5.60 | 4.71 | 3.99 | 6.14 | 10.51 | 10.41 | 7.62 | 6.58 | 19.25 | 8.35 |
| Operating Income | (5.24) | (0.15) | (1.87) | (3.10) | (1.17) | (2.16) | (2.89) | (4.95) | (4.14) | (3.42) | (5.45) | (9.84) | (10.10) | (7.62) | (6.60) | (19.27) | (8.42) |
| Interest Expense | -- | -- | -- | -- | -- | -- | 0.00 | -0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.01 | 0.01 |
| Pretax Income | (5.21) | 0.55 | (1.85) | (4.05) | (1.33) | (1.94) | (2.84) | (5.46) | (3.92) | (3.31) | (5.39) | (9.77) | (10.06) | (7.59) | (6.59) | (19.33) | (8.43) |
| Tax Provision | 0.07 | 0.00 | 0.00 | 0.02 | 0.05 | 0.00 | 0.00 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income | (5.12) | 0.48 | (1.84) | (4.07) | (1.38) | (1.94) | (2.84) | (5.66) | (3.86) | 8.70 | (5.39) | (9.77) | (10.06) | (7.59) | (6.59) | (19.34) | (8.43) |
| Basic EPS | (0.84) | 0.09 | (0.44) | (1.03) | (0.48) | (0.73) | (1.21) | (0.17) | (0.14) | (0.12) | (0.20) | (0.38) | (0.39) | (0.31) | (0.30) | -- | -- |
| Diluted EPS | (0.89) | 0.10 | (0.44) | (1.03) | (0.48) | (0.73) | (1.21) | (0.17) | (0.14) | (0.12) | (0.20) | (0.38) | (0.39) | (0.31) | (0.30) | -- | -- |
Cash Flow Statement
(in millions USD)| Metric | 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 | (16.72) | (1.77) | (4.03) | 3.65 | 2.05 | (0.86) | (2.36) | (4.09) | (2.93) | (2.87) | (4.02) | (3.57) | (5.43) | (2.89) | (2.56) | (8.17) | (2.64) |
| Capital Expenditures | -0.00 | 0.00 | -- | 0.02 | 0.01 | -- | -- | 0.03 | (0.06) | 0.05 | 0.19 | 0.12 | 0.39 | 0.03 | 0.03 | -- | -- |
| Free Cash Flow* | (16.72) | (1.78) | -- | 3.63 | 2.04 | -- | -- | (4.12) | (2.87) | (2.93) | (4.21) | (3.69) | (5.82) | (2.92) | (2.59) | -- | -- |
| Investing Cash Flow | 0.00 | -0.00 | -- | (0.02) | (0.01) | -- | -- | (0.04) | (0.08) | (0.03) | (0.19) | (0.12) | 0.52 | -0.00 | (0.23) | (0.05) | (0.20) |
| Financing Cash Flow | 15.19 | 3.02 | 3.44 | (0.31) | 1.46 | 0.34 | (0.01) | (0.13) | (0.01) | (0.10) | (0.54) | 0.00 | (0.17) | (0.18) | 10.53 | 25.80 | 8.02 |
* Derived from reported values
