Financial Statements — UTSI
Balance Sheet
(in billions USD)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Cash & Equivalents | 0.03 | 0.04 | 0.05 | 0.05 | 0.05 | 0.03 | 0.03 |
| Short-term Investments | 0.00 | 0.00 | -- | -- | -- | -- | -- |
| Accounts Receivable | -- | 0.00 | 0.01 | 0.01 | 0.03 | 0.05 | 0.08 |
| Inventory | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 |
| Total Current Assets | 0.05 | 0.06 | 0.07 | 0.08 | 0.10 | 0.11 | 0.14 |
| Property, Plant & Equipment | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Non-current Assets* | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Total Assets | 0.06 | 0.07 | 0.08 | 0.09 | 0.11 | 0.12 | 0.15 |
| Accounts Payable | 0.00 | 0.01 | 0.01 | 0.01 | 0.02 | 0.03 | 0.03 |
| Total Current Liabilities | 0.02 | 0.02 | 0.02 | 0.03 | 0.04 | 0.04 | 0.05 |
| Total Non-current Liabilities* | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 0.02 | 0.02 | 0.03 | 0.03 | 0.04 | 0.04 | 0.05 |
| Retained Earnings | (1.27) | (1.26) | (1.26) | (1.25) | (1.25) | (1.24) | (1.22) |
| Total Stockholder Equity | 0.04 | 0.05 | 0.05 | 0.06 | 0.07 | 0.08 | 0.10 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Total Revenue | 8.98 | 10.88 | 15.75 | 14.05 | 15.92 | 24.31 | 65.62 |
| Cost of Revenue | 7.93 | 7.97 | 11.36 | 11.39 | 17.00 | 20.78 | 41.47 |
| Gross Profit | 1.05 | 2.91 | 4.39 | 2.67 | (1.07) | 3.53 | 24.16 |
| Research & Development | 4.64 | 5.09 | 5.88 | 4.76 | 6.89 | 8.08 | 14.47 |
| Selling, General & Admin | -- | -- | -- | -- | -- | 18.69 | 15.83 |
| Total Operating Expenses | 9.61 | 10.24 | 11.20 | 7.05 | 4.24 | 26.77 | 30.29 |
| Operating Income | (8.56) | (7.33) | (6.81) | (4.39) | (5.32) | (23.24) | (6.14) |
| Interest Expense | -- | -- | -- | -- | -- | 0.01 | 0.02 |
| Pretax Income | (6.33) | (3.68) | (2.58) | (2.94) | (2.53) | (25.46) | (3.94) |
| Tax Provision | 1.62 | 0.68 | 1.27 | 2.06 | 3.29 | (1.78) | (0.03) |
| Net Income | (7.95) | (4.37) | (3.85) | (5.00) | (5.83) | (23.68) | (3.91) |
| Basic EPS | (0.87) | (0.48) | (0.42) | (0.55) | (0.16) | (0.66) | (0.11) |
| Diluted EPS | (0.87) | (0.48) | (0.42) | (0.55) | (0.16) | (0.66) | (0.11) |
Cash Flow Statement
(in millions USD)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Operating Cash Flow | (8.82) | (4.46) | (4.48) | 7.28 | 19.83 | (3.40) | (24.15) |
| Capital Expenditures | 0.42 | 0.16 | 0.26 | 0.25 | 0.35 | 0.12 | 0.51 |
| Free Cash Flow* | (9.24) | (4.61) | (4.73) | 7.03 | 19.48 | (3.51) | (24.65) |
| Investing Cash Flow | (1.04) | (0.16) | (0.25) | (0.25) | 1.75 | 1.98 | (0.51) |
| Financing Cash Flow | 0.00 | 0.00 | 0.00 | 0.01 | -- | (0.37) | (0.99) |
* Derived from reported values
