Financial Statements — SWAG
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 |
|---|
| Cash & Equivalents | 7.41 | 7.65 | 6.70 | 13.07 | 4.24 | 10.04 | 11.87 | 10.67 | 9.44 | 15.27 | 10.60 | 12.30 | 28.20 | 40.00 | 0.80 |
| Short-term Investments | 5.19 | 5.12 | 5.06 | 5.00 | 7.94 | 6.93 | 9.60 | 10.71 | 10.26 | 10.28 | 10.27 | 9.68 | -- | -- | -- |
| Accounts Receivable | 20.27 | 17.44 | 16.63 | 22.06 | 18.30 | 13.75 | 12.02 | 14.21 | 16.53 | 13.96 | 11.91 | 10.30 | 11.34 | 9.84 | 7.27 |
| Inventory | 10.78 | 8.55 | 7.74 | 6.74 | 7.66 | 4.77 | 3.97 | 4.23 | 6.90 | 5.82 | 5.67 | 7.12 | 5.96 | 6.15 | 3.91 |
| Total Current Assets | 47.04 | 42.93 | 39.33 | 50.13 | 42.23 | 38.64 | 40.85 | 42.04 | 48.23 | 49.63 | 41.52 | 40.69 | 46.91 | 57.71 | 13.11 |
| Property, Plant & Equipment | 1.62 | 1.78 | 1.95 | 1.62 | 1.68 | 1.73 | 1.72 | 1.66 | 1.41 | 1.29 | 1.19 | 0.80 | 0.70 | 0.65 | 0.60 |
| Goodwill | 2.32 | 2.32 | 2.32 | 2.32 | 2.32 | 2.54 | -- | 0.09 | -- | -- | -- | -- | -- | -- | -- |
| Intangible Assets | -- | -- | 3.81 | 3.93 | 4.04 | 4.30 | 2.94 | 3.03 | 10.31 | 10.71 | 5.65 | 5.46 | 3.98 | 4.11 | 1.98 |
| Total Non-current Assets* | 9.81 | 10.23 | 10.93 | 11.09 | 9.93 | 10.18 | 5.74 | 3.15 | 13.07 | 13.48 | 7.62 | 7.13 | 5.62 | 5.78 | 3.75 |
| Total Assets | 56.85 | 53.16 | 50.26 | 61.22 | 52.16 | 48.81 | 46.60 | 47.95 | 61.30 | 63.11 | 49.15 | 47.81 | 52.53 | 63.49 | 16.86 |
| Accounts Payable | 11.21 | 9.99 | 7.46 | 9.51 | 8.99 | 6.19 | 3.88 | 3.35 | 4.86 | 3.01 | 2.94 | 2.85 | 1.79 | 4.00 | 5.80 |
| Total Current Liabilities | 23.95 | 19.56 | 17.32 | 26.62 | 19.24 | 14.92 | 10.66 | 10.64 | 16.92 | 19.49 | 8.40 | 6.60 | 10.47 | 18.70 | 12.99 |
| Long-term Debt | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.76 | 0.46 | -- | -- | -- | -- |
| Total Non-current Liabilities | 1.43 | 2.20 | 2.75 | 2.76 | 1.65 | 1.59 | 1.65 | 2.06 | 5.74 | 5.65 | 2.05 | 2.74 | 1.86 | 2.19 | 1.99 |
| Total Liabilities* | 25.38 | 21.76 | 20.07 | 29.38 | 20.89 | 16.51 | 12.31 | 12.70 | 22.67 | 25.14 | 10.45 | 9.34 | 12.33 | 20.90 | 14.97 |
| Retained Earnings | (6.44) | (6.74) | (7.73) | (6.49) | (7.13) | (6.16) | (4.12) | (3.09) | 0.24 | (0.45) | 0.39 | 0.18 | 0.87 | 1.32 | 1.89 |
| Total Stockholder Equity | 31.47 | 31.40 | 30.20 | 31.83 | 31.27 | 32.30 | 34.28 | 35.25 | 38.64 | 37.97 | 38.70 | 38.47 | 40.20 | 42.59 | 1.89 |
* 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 | 33.36 | 31.25 | 28.94 | 25.98 | 32.58 | 28.69 | 26.99 | 20.14 | 16.69 | 18.83 | 23.45 | 19.30 | 17.47 | 15.78 | 18.31 | 13.58 | 14.81 | 12.26 | 12.63 | 10.95 |
| Cost of Revenue | 23.34 | 21.61 | 20.13 | 18.91 | 22.71 | 20.21 | 18.21 | 14.19 | 11.23 | 13.21 | 14.74 | 12.93 | 12.39 | 11.08 | 12.97 | 9.33 | 11.05 | 9.04 | 8.95 | 7.22 |
| Gross Profit | 10.02 | 9.64 | 8.81 | 7.07 | 9.87 | 8.48 | 8.78 | 5.95 | 5.47 | 5.61 | 8.71 | 6.37 | 5.08 | 4.69 | 5.34 | 4.25 | 3.76 | 3.22 | 3.67 | 3.72 |
| Selling, General & Admin | 9.94 | 9.00 | 8.84 | 8.85 | 9.47 | 9.02 | 9.72 | 8.14 | 6.58 | 6.28 | 6.94 | 5.94 | 6.35 | 6.08 | 4.92 | 4.90 | 4.23 | 4.02 | 4.03 | 2.68 |
| Total Operating Expenses | 9.94 | 9.00 | 8.84 | 8.85 | 9.47 | 9.02 | 9.72 | 8.14 | 6.58 | 6.28 | 7.75 | 5.94 | 6.35 | 6.08 | 4.92 | 4.90 | 4.23 | 4.02 | 3.94 | 2.69 |
| Operating Income | 0.09 | 0.65 | (0.04) | (1.78) | 0.40 | (0.53) | (0.94) | (2.18) | (1.11) | (0.66) | 0.96 | 0.43 | (1.27) | (1.39) | 0.42 | (0.65) | (0.47) | (0.81) | (0.27) | 1.04 |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.01 | 0.00 | 0.00 | 0.07 | -- |
| Pretax Income | 0.33 | 0.79 | 0.36 | (1.31) | 0.76 | (0.43) | (0.59) | (2.04) | (1.02) | (0.49) | 0.97 | 0.89 | (1.15) | (1.06) | 0.60 | (0.86) | (0.49) | (0.72) | (0.41) | 1.02 |
| Tax Provision | 0.02 | 0.05 | 0.12 | (0.07) | 0.11 | (0.04) | 0.00 | -0.00 | 0.00 | -- | 0.50 | 0.21 | (0.31) | (0.36) | (0.31) | (0.17) | (0.04) | (0.18) | (0.38) | 0.29 |
| Net Income | 0.31 | 0.74 | 0.24 | (1.24) | 0.64 | (0.39) | (0.59) | (2.04) | (1.02) | (0.49) | 0.46 | 0.68 | (0.84) | (0.69) | 0.90 | (0.69) | (0.45) | (0.55) | (0.03) | 0.72 |
| Basic EPS | 0.02 | 0.04 | 0.02 | (0.07) | 0.03 | (0.02) | (0.02) | (0.11) | (0.06) | (0.03) | 0.05 | 0.04 | (0.05) | (0.04) | 0.04 | (0.03) | (0.02) | (0.03) | 0.00 | -- |
| Diluted EPS | 0.02 | 0.04 | 0.02 | (0.07) | 0.03 | (0.02) | (0.02) | (0.11) | (0.06) | (0.03) | 0.05 | 0.04 | (0.05) | (0.04) | 0.01 | (0.02) | (0.01) | (0.02) | (0.01) | -- |
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 | 0.38 | 1.18 | 0.16 | (5.37) | 6.43 | (5.89) | 1.33 | (2.74) | 2.11 | 2.06 | 0.83 | (5.71) | 5.92 | (3.59) | 4.10 | (3.91) | (9.71) | 7.10 | (3.94) | (1.89) |
| Capital Expenditures | 0.02 | 0.00 | 0.12 | 0.50 | 0.08 | 0.12 | 0.09 | 0.14 | 0.18 | 0.19 | 0.20 | 0.79 | -- | -- | 0.28 | 0.16 | 0.10 | 0.09 | 0.07 | 0.31 |
| Free Cash Flow* | 0.36 | 1.18 | 0.04 | (5.87) | 6.35 | (6.01) | 1.24 | (2.88) | 1.93 | 1.87 | 0.63 | (6.51) | -- | -- | 3.83 | (4.07) | (9.81) | 7.01 | (4.02) | (2.21) |
| Investing Cash Flow | (0.09) | (0.25) | 0.10 | (0.57) | 2.90 | 0.81 | (2.05) | 1.11 | 0.98 | (0.57) | (1.91) | (0.10) | (1.04) | (0.68) | (0.83) | (10.09) | (0.10) | (0.63) | -- | -- |
| Financing Cash Flow | (0.53) | (0.04) | (0.21) | (0.43) | (0.49) | (0.04) | 0.04 | (0.21) | (0.70) | (0.06) | (0.30) | (0.02) | (0.20) | (0.38) | (0.32) | (1.91) | (1.99) | 1.31 | 35.45 | 2.36 |
* Derived from reported values
