Financial Statements — TIVC
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 | 2.11 | 7.22 | 3.45 | 1.18 | 0.67 | 2.19 | 3.69 | 1.67 | 5.17 | 2.66 | 5.17 | 6.33 | 9.05 | 10.80 |
| Accounts Receivable | -- | -- | 0.02 | 0.01 | 0.01 | 0.01 | 0.02 | 0.07 | 0.13 | 0.01 | 0.06 | 0.10 | 0.09 | 0.12 |
| Inventory | 0.75 | 0.75 | 0.00 | 0.28 | 0.31 | 0.73 | 0.77 | 0.77 | 0.93 | 0.99 | 0.94 | 0.76 | 0.83 | 0.45 |
| Total Current Assets | 3.38 | 8.65 | 3.74 | 1.84 | 1.26 | 3.16 | 4.66 | 2.83 | 6.46 | 4.00 | 6.48 | 7.59 | 10.37 | 12.00 |
| Property, Plant & Equipment | 12.34 | 12.64 | 0.01 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.10 | 0.02 | 0.01 | 0.02 |
| Goodwill | 3.46 | 3.46 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Intangible Assets | 2.24 | 2.24 | 2.24 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Assets* | 29.09 | 29.56 | 2.49 | 2.67 | 2.52 | 0.23 | 0.12 | 0.46 | 0.55 | 0.60 | 0.62 | 0.61 | 0.65 | 0.70 |
| Total Assets | 32.47 | 38.22 | 6.23 | 4.51 | 3.78 | 3.39 | 4.78 | 3.29 | 7.01 | 4.60 | 7.10 | 8.21 | 11.03 | 12.69 |
| Accounts Payable | 0.64 | 0.63 | 0.47 | 0.23 | 0.44 | 0.33 | 0.45 | 0.55 | 0.64 | 0.83 | 1.09 | 1.60 | 1.92 | 0.63 |
| Total Current Liabilities | 3.05 | 2.62 | 0.64 | 0.82 | 0.74 | 0.56 | 0.59 | 0.99 | 1.00 | 1.16 | 1.57 | 2.02 | 2.38 | 1.10 |
| Total Non-current Liabilities* | 17.54 | 17.05 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.14 | 0.24 | 0.28 | 0.32 | 0.41 | 0.46 | 0.50 |
| Total Liabilities | 20.59 | 19.67 | 0.64 | 0.82 | 0.74 | 0.56 | 0.59 | 1.13 | 1.24 | 1.44 | 1.90 | 2.44 | 2.84 | 1.60 |
| Retained Earnings | (66.51) | (59.03) | (49.62) | (46.97) | (45.04) | (42.06) | (40.63) | (39.37) | (35.64) | (33.88) | (31.76) | (27.39) | (24.80) | (21.79) |
| Total Stockholder Equity | 4.25 | 11.06 | 5.59 | 3.69 | 3.04 | 2.83 | 4.19 | 2.15 | 5.77 | 3.16 | 5.21 | 5.77 | 8.19 | 11.09 |
* 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 |
|---|
| Total Revenue | -- | -- | -- | 0.15 | 0.09 | 0.07 | 0.18 | 0.13 | 0.14 | 0.33 | 0.36 | 0.28 | 0.16 | 0.38 | 0.41 | 0.48 | 0.53 | 0.32 |
| Cost of Revenue | -- | -- | -- | 0.29 | 0.03 | 0.02 | 0.42 | 0.08 | 0.11 | 0.17 | 0.35 | 0.17 | 0.10 | 0.26 | 0.37 | 0.41 | 0.40 | 0.30 |
| Gross Profit | -- | -- | -- | (0.14) | 0.05 | 0.05 | (0.24) | 0.04 | 0.03 | 0.17 | 0.01 | 0.11 | 0.06 | 0.11 | 0.04 | 0.06 | 0.13 | 0.02 |
| Research & Development | 2.70 | 1.85 | 1.28 | 0.86 | 0.66 | 0.34 | 0.33 | 0.42 | 0.30 | 0.26 | 0.36 | 0.34 | 0.47 | 0.49 | 0.44 | 0.40 | 0.50 | 0.20 |
| Selling, General & Admin | 3.72 | 3.78 | -- | 1.07 | 0.91 | 1.04 | 0.73 | 0.82 | 0.73 | 0.89 | 1.15 | 1.05 | 1.27 | 1.28 | 1.36 | 1.76 | 1.52 | 0.58 |
| Total Operating Expenses | 6.42 | 5.63 | 2.02 | 2.34 | 1.99 | 1.56 | 1.30 | 1.48 | 1.24 | 1.65 | 2.25 | 1.87 | 2.19 | 2.23 | 2.30 | 2.65 | 3.14 | 1.08 |
| Operating Income | (6.42) | (5.63) | (1.97) | (2.48) | (1.93) | (1.51) | (1.54) | (1.43) | (1.21) | (1.48) | (2.24) | (1.76) | (2.12) | (2.12) | (2.26) | (2.58) | (3.02) | (1.06) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.22 | 0.27 |
| Pretax Income | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (1.36) |
| Net Income | (7.10) | (6.20) | (2.85) | (2.60) | (1.93) | (1.50) | (1.48) | (1.43) | (1.27) | (1.48) | (2.24) | (1.76) | (2.12) | (2.12) | (2.25) | (2.58) | (3.02) | (2.24) |
| Basic EPS | (2.17) | (2.23) | (1.16) | (1.97) | (2.19) | (2.52) | (18.12) | (0.23) | (0.32) | (1.01) | (8.74) | (1.48) | (0.07) | (0.11) | (0.22) | (0.27) | (0.32) | (0.23) |
| Diluted EPS | -- | -- | -- | -- | (2.19) | (2.52) | (18.12) | (0.23) | (0.32) | (1.01) | (8.74) | (1.48) | (0.07) | (0.11) | (0.22) | (0.27) | (0.32) | (0.58) |
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 |
|---|
| Operating Cash Flow | (5.28) | (5.01) | (2.29) | (2.00) | (1.83) | (0.89) | (1.36) | (1.41) | (1.29) | (1.67) | (1.77) | (1.87) | (2.44) | (2.43) | (2.23) | (2.77) | (0.54) | (0.66) |
| Capital Expenditures | 0.06 | 0.01 | 0.03 | 0.01 | 0.00 | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.02 | 0.09 | 0.00 | 0.01 | 0.00 | 0.01 |
| Free Cash Flow* | (5.34) | (5.02) | (2.31) | (2.01) | (1.83) | -- | -- | -- | -- | -- | (1.77) | (1.87) | (2.46) | (2.52) | (2.23) | (2.78) | (0.54) | (0.67) |
| Investing Cash Flow | (0.06) | (0.01) | (0.15) | (0.01) | (0.02) | (0.53) | -- | -- | -- | -- | 0.00 | 0.00 | (0.02) | (0.09) | 0.00 | -0.00 | (0.01) | (0.01) |
| Financing Cash Flow | 0.23 | (0.04) | 11.63 | 4.27 | 2.36 | 0.08 | 1.18 | (0.10) | 3.31 | (0.06) | 0.00 | 4.38 | (0.04) | 4.17 | (0.58) | 0.87 | 1.57 | 0.22 |
* Derived from reported values
