Financial Statements — STI
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 27.68 | 0.04 | 0.16 | 0.11 | 1.17 | 1.19 | 0.26 | 1.82 | 0.00 | 0.01 | 0.10 | 0.57 | 0.66 | 1.27 |
| Accounts Receivable | 0.05 | 0.02 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- | -- | -- | -- | -- |
| Inventory | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | -- | -- | -- | -- | -- | -- |
| Total Current Assets | 28.44 | 1.36 | 1.01 | 1.22 | 2.61 | 2.04 | 1.63 | 3.51 | 0.11 | 0.16 | 0.29 | 0.79 | 0.94 | 1.47 |
| Property, Plant & Equipment | 1.93 | 1.97 | 2.07 | 2.12 | 2.05 | 2.14 | 2.19 | 2.26 | -- | -- | -- | -- | -- | -- |
| Intangible Assets | 2.00 | 2.00 | 2.00 | 1.99 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Assets* | 3.92 | 3.97 | 4.07 | 4.11 | 4.04 | 4.06 | 4.91 | 4.99 | 42.49 | 41.75 | 130.17 | 126.80 | 126.28 | 126.16 |
| Total Assets | 32.37 | 5.33 | 5.09 | 5.34 | 6.65 | 6.10 | 6.54 | 8.50 | 42.61 | 41.91 | 130.46 | 127.59 | 127.22 | 127.62 |
| Accounts Payable | 2.68 | 5.55 | 4.24 | 3.46 | 3.09 | 2.07 | 3.40 | 2.87 | 1.26 | 1.21 | 0.89 | 0.40 | 0.14 | 0.51 |
| Total Current Liabilities | -- | -- | -- | 19.43 | -- | -- | -- | -- | 4.28 | 3.50 | 2.74 | 0.53 | 0.27 | 0.66 |
| Total Non-current Liabilities* | -- | -- | -- | 0.00 | -- | -- | -- | -- | 4.32 | 4.32 | 4.32 | 4.32 | 4.32 | 4.32 |
| Total Liabilities | 10.69 | 13.60 | 22.49 | 19.43 | 18.84 | 24.89 | 24.70 | 49.13 | 8.60 | 7.82 | 7.07 | 4.86 | 4.60 | 4.98 |
| Retained Earnings | (167.69) | (164.80) | (112.89) | (108.80) | (106.69) | (104.34) | (97.70) | (119.72) | (8.45) | (7.61) | (6.11) | (3.71) | (3.35) | (3.33) |
| Total Stockholder Equity* | 21.68 | (8.27) | (17.41) | (14.09) | (12.18) | (18.79) | (18.16) | (40.63) | (8.45) | (7.61) | (6.11) | (3.71) | (3.35) | (3.33) |
* 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 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 0.12 | 0.09 | 0.00 | 0.01 | 0.00 | -- | 0.01 | 0.00 | 0.00 | 0.00 | -- | -- | -- | -- | -- | -- | -- |
| Cost of Revenue* | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- | -- | -- | -- | -- | -- |
| Gross Profit | 0.12 | 0.08 | 0.00 | 0.01 | 0.00 | -- | 0.01 | 0.00 | 0.00 | 0.00 | -- | -- | -- | -- | -- | -- | -- |
| Research & Development | 0.37 | 0.40 | 1.15 | 0.52 | 0.40 | 1.35 | 0.79 | 0.46 | 0.40 | 0.73 | -- | -- | -- | -- | -- | -- | -- |
| Selling, General & Admin | 1.12 | 1.46 | 5.11 | 1.22 | 1.39 | 1.78 | 1.63 | 3.73 | 2.53 | 3.03 | 0.49 | 0.51 | 1.01 | 0.21 | 0.32 | 0.16 | 0.12 |
| Total Operating Expenses | 1.49 | 1.86 | 6.26 | 1.75 | 1.79 | 3.13 | 2.41 | 4.19 | 2.93 | 3.76 | 0.52 | 0.54 | 1.04 | 0.24 | 0.35 | 0.19 | 0.12 |
| Operating Income | (1.37) | (1.77) | (6.26) | (1.74) | (1.79) | (3.13) | (2.41) | (4.19) | (2.93) | (3.76) | -- | -- | -- | -- | -- | -- | -- |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | -- | -- | -- | -- | -- | -- | -- |
| Pretax Income | (2.89) | (1.43) | (43.99) | (4.09) | (2.11) | 9.19 | (8.77) | -- | -- | -- | 0.03 | 0.92 | 0.32 | 0.83 | 0.22 | -0.00 | -- |
| Tax Provision | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.11 | 0.29 | 0.28 | 0.21 | 0.11 | 0.02 | -- |
| Net Income | (2.89) | (1.43) | (43.99) | (4.09) | (2.11) | -- | (11.54) | (6.64) | 22.02 | (29.77) | (0.09) | 0.62 | 0.05 | 0.62 | 0.11 | (0.02) | (0.11) |
| Basic EPS | (0.35) | (0.18) | (12.17) | (1.33) | (0.70) | 3.06 | (0.06) | (0.07) | 0.25 | (0.38) | -- | -- | -- | -- | -- | -- | (0.02) |
| Diluted EPS | (0.35) | (0.18) | (12.15) | (1.33) | (0.70) | 3.04 | 3.12 | -- | 0.23 | (0.38) | -- | -- | -- | -- | -- | -- | -- |
* 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 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | (3.97) | (0.14) | (0.93) | (0.35) | (0.91) | (2.34) | (1.70) | (2.14) | (1.50) | (2.04) | (0.57) | (1.05) | (0.52) | (0.03) | (0.09) | (0.61) | -0.00 |
| Capital Expenditures | -- | -- | -- | 0.00 | 0.12 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Free Cash Flow* | -- | -- | -- | (0.35) | (1.03) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Investing Cash Flow | (0.02) | (0.02) | (0.03) | (0.03) | (0.14) | (0.04) | (0.06) | (0.03) | (0.07) | (0.09) | (0.20) | 89.87 | (1.03) | 0.00 | 0.00 | 0.00 | (125.97) |
| Financing Cash Flow | 31.63 | -- | 1.00 | 0.43 | -0.00 | 0.20 | 3.92 | 3.10 | 0.00 | 3.95 | 0.77 | (88.91) | 1.11 | 0.00 | 0.00 | 0.00 | 127.24 |
* Derived from reported values