Financial Statements — TNON
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 | 1.68 | 4.61 | 3.44 | 7.85 | 10.31 | 9.16 | 1.97 | 4.39 | 3.37 | 5.85 | 3.18 | 3.15 | 7.88 | 4.68 |
| Short-term Investments | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.49 | 1.74 | 9.38 | 8.14 | 0.00 |
| Accounts Receivable | 1.95 | 1.97 | 1.31 | 0.77 | 0.89 | 0.88 | 0.68 | 0.57 | 0.77 | 0.60 | 0.32 | 0.14 | 0.08 | 0.06 |
| Inventory | 0.78 | 0.81 | 1.36 | 0.69 | 0.61 | 0.61 | 0.61 | 0.63 | 0.47 | 0.57 | 0.42 | 0.81 | 0.63 | 0.60 |
| Total Current Assets | 4.81 | 7.62 | 6.55 | 9.88 | 11.99 | 11.19 | 4.09 | 5.95 | 4.96 | 7.93 | 5.84 | 13.67 | 16.86 | 5.43 |
| Property, Plant & Equipment | 0.77 | 0.90 | 0.66 | 0.84 | 0.70 | 0.91 | 0.90 | 0.99 | 0.96 | 0.95 | 0.85 | 0.29 | 0.24 | 0.22 |
| Goodwill | 2.41 | 2.41 | 2.41 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Intangible Assets | 0.46 | 0.47 | 0.50 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Assets* | 5.12 | 5.22 | 3.82 | 1.23 | 1.40 | 1.85 | 1.92 | 2.07 | 2.36 | 1.93 | 1.79 | 1.27 | 1.27 | 1.72 |
| Total Assets | 9.92 | 12.84 | 10.37 | 11.11 | 13.39 | 13.04 | 6.01 | 8.02 | 7.32 | 9.86 | 7.63 | 14.94 | 18.13 | 7.15 |
| Accounts Payable | 0.63 | 0.65 | 0.63 | 0.89 | 0.50 | 1.09 | 1.11 | 0.27 | 0.76 | 0.91 | 0.93 | 0.42 | 0.35 | 0.43 |
| Total Current Liabilities | 8.31 | 7.41 | 3.04 | 2.56 | 2.19 | 3.18 | 3.40 | 2.26 | 3.09 | 6.87 | 2.75 | 1.27 | 2.24 | 15.40 |
| Total Non-current Liabilities* | 3.36 | 3.54 | 2.53 | 1.84 | 1.82 | 1.67 | 1.77 | 2.13 | 1.72 | 2.09 | 2.40 | 0.72 | 0.78 | 0.84 |
| Total Liabilities | 11.67 | 10.94 | 5.57 | 4.40 | 4.02 | 4.85 | 5.17 | 4.40 | 4.80 | 8.95 | 5.16 | 1.99 | 3.02 | 16.24 |
| Retained Earnings | (88.83) | (84.78) | (78.47) | (75.13) | (72.36) | (65.66) | (62.47) | (58.65) | (51.94) | (48.61) | (44.32) | (31.59) | (28.42) | (22.93) |
| Total Stockholder Equity | (1.74) | 1.90 | 4.80 | 6.71 | 9.38 | 8.19 | 0.83 | 3.62 | 2.52 | 0.90 | 2.47 | 12.95 | 15.11 | (22.74) |
* 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 | 1.28 | 1.38 | 1.48 | 1.17 | 0.56 | 0.73 | 0.77 | 0.89 | 0.90 | 0.72 | 0.81 | 0.94 | 0.74 | 0.43 | 0.28 | 0.21 | 0.14 | 0.07 |
| Cost of Revenue | 0.47 | 0.43 | 0.46 | 0.40 | 0.32 | 0.40 | 0.42 | 0.47 | 0.43 | 0.25 | 0.25 | 0.41 | 0.55 | 0.48 | 0.48 | 0.30 | 0.27 | 0.28 |
| Gross Profit | 0.81 | 0.95 | 1.02 | 0.77 | 0.25 | 0.32 | 0.35 | 0.42 | 0.47 | 0.47 | 0.56 | 0.54 | 0.19 | (0.05) | (0.21) | (0.09) | (0.14) | (0.20) |
| Research & Development | 0.77 | 0.66 | 0.53 | 0.43 | 0.50 | 0.69 | 0.57 | 0.66 | 0.71 | 0.67 | 0.69 | 0.74 | 0.90 | 0.83 | 0.81 | 0.80 | 0.66 | 0.56 |
| Selling, General & Admin | 1.53 | 1.71 | 1.63 | 2.20 | 1.48 | 1.66 | 1.89 | 1.76 | 2.19 | 1.93 | 1.67 | 1.65 | 1.73 | 1.98 | 1.94 | 1.73 | 2.72 | 1.04 |
| Total Operating Expenses | 4.17 | 4.22 | 3.88 | 4.17 | 3.10 | 4.00 | 3.53 | 3.63 | 4.34 | 3.98 | 3.70 | 3.91 | 4.52 | 4.84 | 7.72 | 3.17 | 5.32 | 1.88 |
| Operating Income | (3.35) | (3.28) | (2.87) | (3.39) | (2.86) | (3.68) | (3.17) | (3.21) | (3.87) | (3.51) | (3.14) | (3.38) | (4.32) | (4.89) | (7.93) | (3.26) | (5.46) | (2.08) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.03 | 0.02 | 0.00 | 0.09 | -- | -- | -- | -- | -- |
| Net Income | (4.05) | (3.48) | (2.83) | (3.34) | (2.77) | (3.62) | (3.09) | (3.18) | (3.83) | (3.58) | (3.13) | (3.33) | (4.28) | (4.83) | (7.90) | (3.17) | (5.49) | (2.35) |
| Basic EPS | (12.35) | (0.31) | 2.45 | (0.40) | (0.36) | (1.01) | (187.60) | (3.63) | (1.02) | (1.25) | (222.95) | (1.46) | (0.33) | (0.43) | (26.95) | (0.28) | (0.65) | -- |
| Diluted EPS | (12.35) | 0.31 | 2.45 | (0.40) | (0.36) | (1.01) | (187.60) | (3.63) | (1.02) | (1.25) | (222.95) | (1.46) | (0.33) | (0.43) | (26.95) | (0.28) | (0.65) | -- |
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 | (2.76) | (2.96) | (2.22) | (3.82) | (2.21) | (2.48) | (2.78) | (2.34) | (2.42) | (2.34) | (2.28) | (3.15) | (3.18) | (3.58) | (3.38) | (3.41) | (2.76) | (2.46) |
| Capital Expenditures | 0.17 | 0.06 | 0.19 | (0.11) | 0.19 | 0.12 | (0.04) | 0.10 | 0.12 | 0.12 | -- | 0.06 | 0.13 | 0.08 | 0.60 | 0.08 | 0.04 | 0.13 |
| Free Cash Flow* | (2.93) | (3.02) | (2.42) | (3.71) | (2.41) | (2.60) | (2.74) | (2.45) | (2.54) | (2.46) | -- | (3.21) | (3.30) | (3.66) | (3.99) | (3.49) | (2.80) | (2.59) |
| Investing Cash Flow | (0.17) | (0.06) | (0.19) | (0.64) | (0.19) | -- | 0.04 | (0.10) | 0.00 | (0.12) | (0.09) | 0.44 | 1.13 | 4.67 | 2.34 | (1.32) | (8.18) | 4.28 |
| Financing Cash Flow | 0.00 | 3.87 | 2.73 | 0.06 | (0.06) | 6.26 | 0.11 | 9.64 | 0.00 | 4.37 | 1.37 | 0.27 | 4.71 | (0.04) | (0.02) | 0.00 | 14.19 | (0.05) |
* Derived from reported values
Dividends Per Share
(USD)| Metric | Q3
2023 |
|---|
| Dividends Per Share | 1.00 |
