Financial Statements — STEX
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 | 5.61 | 6.86 | -- | -- | -- | 0.62 | 2.10 | 0.42 | 0.40 | 1.30 | 1.40 | 0.90 | 5.10 | 8.70 | 17.54 | 15.50 | 22.48 |
| Short-term Investments | 12.86 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 0.05 | -- | -- | -- | 0.11 | 0.08 | 0.05 | 0.01 | 0.01 | 0.02 | 0.02 | 0.01 | -- | -- | 0.10 | 0.20 | -- |
| Inventory | -- | -- | -- | -- | -- | -- | -- | -- | 0.22 | 0.19 | 0.35 | 1.69 | 2.03 | 2.03 | 1.88 | 0.73 | 0.65 |
| Total Current Assets | 34.55 | 45.90 | 14.99 | 3.00 | 3.99 | 0.85 | 2.39 | 0.74 | 1.05 | 1.99 | 2.15 | 3.09 | 7.74 | 11.00 | 20.00 | 16.95 | 23.33 |
| Property, Plant & Equipment | 0.01 | 0.01 | 0.04 | 0.05 | 0.07 | 0.11 | 0.14 | 0.18 | 0.59 | 0.62 | 0.63 | 0.69 | 0.60 | 0.66 | 0.56 | 0.39 | 0.38 |
| Goodwill | 68.52 | 69.76 | 69.89 | 58.69 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Intangible Assets | 40.24 | 42.42 | 45.41 | 47.92 | 0.27 | 0.27 | 0.28 | 0.28 | 0.29 | 0.30 | 0.30 | 0.31 | 0.32 | 0.32 | 0.33 | 0.34 | 0.34 |
| Total Non-current Assets* | 125.03 | 127.41 | 115.52 | 106.72 | 0.43 | 0.57 | 0.72 | 0.85 | 2.10 | 2.06 | 3.05 | 1.93 | 1.85 | 1.54 | 1.67 | 1.08 | 1.18 |
| Total Assets | 159.58 | 173.32 | 130.51 | 109.72 | 4.42 | 1.42 | 3.11 | 1.59 | 3.15 | 4.05 | 5.20 | 5.01 | 9.59 | 12.54 | 21.67 | 18.03 | 24.52 |
| Accounts Payable | 1.46 | 3.18 | 9.77 | 7.57 | 1.51 | 1.45 | 2.60 | 4.82 | 3.47 | 2.91 | 2.39 | 2.09 | 1.45 | 2.34 | 2.17 | 3.03 | 3.46 |
| Total Current Liabilities | 1.71 | 3.30 | 125.60 | 113.20 | 1.68 | 1.70 | 2.98 | 5.23 | 3.91 | 3.33 | 2.81 | 2.54 | 1.90 | 2.71 | 2.57 | 3.38 | 3.90 |
| Total Non-current Liabilities* | 10.66 | 10.67 | 11.74 | 0.00 | 0.00 | 0.00 | 0.02 | 0.56 | 0.19 | 0.28 | 0.37 | 0.54 | 0.61 | 0.32 | 0.42 | 0.02 | 0.06 |
| Total Liabilities | 12.37 | 13.97 | 137.34 | 113.20 | 1.68 | 1.70 | 2.99 | 5.79 | 4.10 | 3.61 | 3.18 | 3.08 | 2.51 | 3.03 | 2.99 | 3.41 | 3.95 |
| Retained Earnings | (779.36) | (764.81) | (294.11) | (278.53) | (258.16) | (254.25) | (252.33) | (248.42) | (238.97) | (234.40) | (223.31) | (209.02) | (202.64) | (196.88) | (180.28) | (173.02) | (165.32) |
| Total Stockholder Equity | 145.61 | 158.99 | (6.96) | (3.62) | 2.61 | (0.40) | (0.01) | (4.32) | (1.16) | 0.24 | 1.98 | 1.82 | 6.86 | 9.39 | 18.14 | 14.14 | 19.88 |
* 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 | 0.15 | -- | -- | -- | 0.01 | 0.01 | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.01 | 0.14 | 0.14 | 0.01 | 0.01 | 0.01 | 0.11 |
| Cost of Revenue* | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | -- | -- | 0.03 | 0.03 | 0.00 | 0.00 | 0.00 | 0.04 |
| Gross Profit | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.01 | 0.00 | -- | -- | 0.11 | 0.11 | 0.01 | 0.01 | 0.01 | 0.07 |
| Research & Development | -- | -- | 0.00 | 0.01 | 0.02 | 0.01 | 0.10 | 0.16 | 0.34 | 0.24 | 1.18 | 1.15 | 1.71 | 1.06 | 1.12 | 1.73 | 1.35 | 1.62 | 1.35 | 1.32 |
| Selling, General & Admin | 13.84 | 34.25 | 40.16 | 4.62 | 19.79 | 2.96 | 1.07 | 2.76 | 4.91 | 2.88 | 4.91 | 2.82 | 9.11 | 6.25 | 5.90 | 4.77 | 4.30 | 6.40 | 7.60 | 6.51 |
| Total Operating Expenses | 15.31 | 35.75 | 41.63 | 6.11 | 20.36 | 2.98 | 1.20 | 2.95 | 5.31 | 3.45 | 6.18 | 4.05 | 10.91 | 7.39 | 7.11 | 6.59 | 5.72 | 8.07 | 9.01 | 7.87 |
| Operating Income | (15.16) | (35.75) | (41.63) | (6.11) | (20.36) | (2.98) | (1.18) | (2.95) | (5.29) | (3.44) | (6.17) | (4.05) | (10.91) | (7.39) | (7.00) | (6.49) | (5.72) | (8.06) | (9.00) | (7.80) |
| Interest Expense | -- | 12.18 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Pretax Income | (15.06) | (47.26) | (424.50) | (16.35) | (20.37) | (2.80) | (1.10) | (1.91) | (3.91) | (3.41) | (6.13) | (4.05) | (11.13) | (7.38) | (7.00) | (6.48) | (5.72) | (8.06) | (9.00) | (7.25) |
| Tax Provision | (0.50) | (0.56) | (0.49) | (0.76) | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income | (14.55) | (46.69) | (424.01) | (15.58) | (20.37) | (2.81) | (1.10) | (1.91) | (3.91) | (3.40) | (6.05) | (4.57) | (11.09) | (7.33) | (6.96) | (6.37) | (5.76) | (7.96) | (8.64) | (7.25) |
| Basic EPS | (0.08) | (0.27) | (8.30) | (0.47) | (0.74) | (0.14) | 0.03 | (0.12) | (0.30) | (0.36) | (3.62) | (0.06) | -- | -- | -- | -- | -- | -- | -- | -- |
| Diluted EPS | (0.08) | (0.27) | (8.30) | (0.47) | (0.74) | (0.14) | 0.03 | (0.12) | (0.30) | (0.36) | (3.62) | (0.06) | -- | -- | -- | -- | -- | -- | -- | -- |
* Derived from reported values
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 | (11.74) | (10.18) | (3.02) | (5.02) | (1.28) | (1.11) | (0.47) | (1.49) | (1.48) | (1.31) | (2.94) | (3.83) | (4.89) | (5.65) | (4.11) | (4.95) | (6.70) | (5.94) | (5.73) | (6.76) |
| Capital Expenditures | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.06 | 0.08 | 0.05 | 0.06 | 0.05 | 0.01 | 0.06 | 0.14 | 0.22 |
| Free Cash Flow* | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (2.95) | (3.89) | (4.97) | (5.69) | (4.17) | (5.00) | (6.71) | (6.00) | (5.87) | (6.97) |
| Investing Cash Flow | 10.66 | (1.50) | (24.47) | (0.14) | 0.37 | -- | -- | -- | -- | -- | -0.00 | (0.06) | (0.08) | (0.04) | (0.06) | (0.05) | -0.00 | (0.05) | (0.14) | (0.22) |
| Financing Cash Flow | (0.24) | (1.64) | 36.78 | 13.40 | 0.00 | 4.70 | 0.00 | 0.00 | 3.17 | 1.54 | 2.75 | 3.03 | 4.81 | 6.75 | 3.64 | 0.81 | 3.12 | 3.00 | -0.00 | 9.01 |
* Derived from reported values