Financial Statements — TCRT
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 | 0.12 | 0.35 | 1.94 | 2.88 | 0.32 | 1.68 | 2.46 | 4.14 | 11.94 | 18.32 | 23.50 | 37.81 | 60.01 | 68.26 | 91.73 | 76.75 | 100.06 |
| Accounts Receivable | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.91 | 0.00 | 1.11 | 1.51 | 7.63 | 5.01 |
| Total Current Assets | 0.67 | 0.97 | 2.69 | 3.74 | 1.07 | 3.55 | 4.68 | 6.04 | 12.87 | 18.78 | 38.18 | 55.51 | 61.36 | 69.77 | 96.55 | 89.41 | 112.71 |
| Property, Plant & Equipment | 0.07 | 0.08 | 0.10 | -- | -- | 0.00 | 0.00 | 0.00 | 5.53 | 7.21 | 7.89 | 9.05 | 9.67 | 10.31 | 11.66 | 11.61 | 11.09 |
| Total Non-current Assets* | 0.85 | 0.91 | 1.04 | 1.00 | 1.05 | 0.00 | 0.00 | 0.00 | 6.57 | 9.15 | 10.45 | 11.84 | 12.57 | 15.22 | 17.21 | 17.36 | 15.76 |
| Total Assets | 1.52 | 1.88 | 3.72 | 4.74 | 2.12 | 3.55 | 4.68 | 6.04 | 19.44 | 27.93 | 48.64 | 67.34 | 73.93 | 84.99 | 113.76 | 106.77 | 128.47 |
| Accounts Payable | 0.73 | 0.40 | 0.84 | 0.81 | 0.83 | 0.46 | 0.37 | 0.60 | 1.30 | 1.48 | 1.38 | 1.98 | 0.47 | 0.61 | 1.46 | 0.98 | 4.19 |
| Total Current Liabilities | 0.86 | 0.60 | 0.92 | 1.07 | 1.06 | 0.83 | 0.91 | 1.24 | 4.68 | 5.05 | 17.06 | 32.87 | 26.78 | 21.23 | 28.17 | 13.59 | 18.96 |
| Long-term Debt | -- | -- | -- | -- | -- | -- | -- | 0.00 | -- | -- | -- | 0.00 | 4.47 | 10.32 | 12.17 | -- | -- |
| Total Non-current Liabilities* | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.86 | 1.23 | 2.07 | 2.36 | 6.98 | 14.64 | 16.88 | 4.89 | 3.87 |
| Total Liabilities | 0.86 | 0.60 | 0.92 | 1.07 | 1.06 | 0.83 | 0.91 | 1.24 | 5.54 | 6.28 | 19.13 | 35.23 | 33.75 | 35.87 | 45.06 | 18.48 | 22.83 |
| Retained Earnings | (926.58) | (925.63) | (923.73) | (922.57) | (921.52) | (919.70) | (918.58) | (917.45) | (907.92) | (899.45) | (890.67) | (871.47) | (862.57) | (852.64) | (831.06) | (808.32) | (785.65) |
| Total Stockholder Equity | 0.65 | 1.29 | 2.80 | 3.66 | 1.06 | 2.72 | 3.77 | 4.80 | 13.90 | 21.65 | 29.51 | 32.11 | 40.18 | 49.12 | 68.71 | 88.28 | 105.64 |
* 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 2.91 | 0.00 | -- | 0.00 | 0.40 |
| Research & Development | 0.39 | 0.43 | 0.36 | 0.47 | 0.19 | 0.35 | (0.09) | 0.14 | 0.18 | 0.13 | 0.93 | 3.66 | 5.19 | 6.50 | 5.61 | 7.89 | 5.94 | 5.58 | 8.22 | 14.52 |
| Selling, General & Admin | 0.56 | 0.59 | 0.55 | 0.72 | 0.85 | 0.75 | 0.85 | 1.01 | 0.99 | 1.62 | 2.43 | 3.58 | 3.05 | 3.17 | 2.93 | 3.28 | 3.43 | 3.51 | 2.10 | 8.17 |
| Total Operating Expenses | 0.95 | 1.01 | 0.91 | 1.19 | 1.04 | 1.09 | 0.76 | 1.15 | 1.17 | 1.74 | 7.95 | 8.66 | 7.99 | 9.67 | 8.53 | 11.18 | 9.23 | 9.09 | 11.05 | 22.69 |
| Operating Income | (0.95) | (1.01) | (0.91) | (1.19) | (1.04) | (1.09) | (0.75) | (1.15) | (1.17) | (1.74) | (7.95) | (8.66) | (7.98) | (9.67) | (8.52) | (8.26) | (9.23) | (9.09) | (11.05) | (22.30) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 1.07 | 0.85 | 0.89 | 0.84 | 0.74 | -- | -- | -- |
| Net Income | (0.95) | (1.01) | (0.89) | (1.16) | (1.05) | (1.07) | (0.74) | (1.13) | (1.13) | (1.68) | (7.84) | (8.48) | (8.77) | (10.05) | (9.16) | (8.85) | (9.93) | (9.79) | (11.79) | (22.73) |
| Basic EPS | (0.41) | (0.59) | (0.35) | (0.55) | (0.63) | (0.67) | (1.40) | (0.70) | (0.71) | (0.11) | (2.08) | (0.04) | (0.04) | (0.04) | (0.04) | (0.04) | (0.05) | -- | -- | -- |
| Diluted EPS | (0.41) | (0.59) | (0.35) | (0.55) | (0.63) | (0.67) | (1.40) | (0.70) | (0.71) | (0.11) | (2.08) | (0.04) | (0.04) | (0.04) | (0.04) | (0.04) | (0.05) | -- | -- | -- |
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 | (0.30) | (1.03) | (0.55) | (0.84) | (0.70) | (0.77) | (0.59) | (0.78) | (1.68) | (1.92) | (7.38) | (6.37) | (7.00) | (9.38) | (7.13) | (6.14) | (8.19) | (7.77) | (15.13) | (9.58) |
| Capital Expenditures | -- | -- | 0.00 | 0.10 | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.14 | 0.06 | 0.12 | 0.01 | 0.06 | 0.03 | 0.36 | 0.37 |
| Free Cash Flow* | -- | -- | (0.55) | (0.94) | -- | -- | (0.59) | (0.78) | (1.68) | (1.92) | (7.38) | (6.37) | (7.14) | (9.44) | (7.25) | (6.16) | (8.24) | (7.80) | (15.48) | (9.95) |
| Investing Cash Flow | -- | -- | -0.00 | (0.10) | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 1.50 | 0.00 | (0.13) | (0.02) | (0.09) | (0.01) | (0.06) | (0.03) | (0.36) | (0.37) |
| Financing Cash Flow | 0.07 | -- | 0.00 | 0.00 | 3.26 | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | (11.98) | (6.16) | 8.47 | (2.11) | 0.00 | 0.00 | (0.19) | 24.93 |
* Derived from reported values
