Financial Statements — VEEE
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | -- | 1.65 | -- | -- | 7.71 | 11.14 | 13.93 | 16.14 | 12.40 | 26.34 | 21.02 | 19.98 | 5.91 | 5.06 | 8.98 | 0.41 |
| Short-term Investments | -- | -- | -- | -- | -- | 0.00 | 1.00 | 0.98 | 11.13 | 1.00 | 1.49 | -- | 1.00 | 3.00 | 3.00 | -- |
| Accounts Receivable | 0.24 | 0.58 | -- | -- | 0.20 | 0.13 | 0.12 | 0.09 | 0.51 | 0.57 | 0.63 | 0.00 | -- | 0.01 | 0.21 | 0.02 |
| Inventory | 3.17 | 2.55 | 2.46 | 2.68 | 2.38 | 3.34 | 4.15 | 3.89 | 8.13 | 5.58 | 4.80 | 4.39 | 4.37 | 3.21 | 2.45 | 1.54 |
| Total Current Assets | 8.58 | 9.60 | 10.05 | 13.39 | 12.20 | 15.38 | 19.58 | 21.78 | 32.72 | 33.94 | 28.56 | 26.25 | 12.32 | 12.61 | 15.63 | 2.90 |
| Property, Plant & Equipment | 0.04 | 0.04 | 0.05 | 0.05 | 0.08 | 14.22 | 13.51 | 13.89 | 10.05 | 9.56 | 6.15 | 4.77 | 4.36 | 3.43 | 2.23 | 1.64 |
| Total Non-current Assets* | 12.08 | 13.62 | 8.84 | 8.96 | 11.35 | 14.76 | 14.17 | 14.68 | 11.55 | 11.64 | 8.34 | 8.98 | 8.70 | 7.90 | 7.00 | 3.41 |
| Total Assets | 20.65 | 23.22 | 18.89 | 22.36 | 23.55 | 30.14 | 33.75 | 36.45 | 44.28 | 45.58 | 36.90 | 35.22 | 21.02 | 20.50 | 22.63 | 6.31 |
| Accounts Payable | 1.23 | 1.51 | 1.41 | 2.03 | 1.51 | 1.96 | 2.78 | 1.49 | 3.63 | 2.47 | 2.72 | 1.93 | 2.26 | 1.97 | 1.69 | 1.19 |
| Total Current Liabilities | 3.63 | 3.23 | 2.44 | 3.20 | 3.02 | 3.84 | 4.56 | 2.90 | 5.33 | 4.51 | 3.85 | 4.00 | 3.98 | 3.12 | 2.90 | 2.04 |
| Long-term Debt | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | -- | -- |
| Total Non-current Liabilities* | 2.61 | 2.74 | 0.53 | 0.53 | 2.87 | 3.09 | 3.25 | 3.42 | 3.74 | 3.88 | 1.37 | 1.45 | 1.55 | 1.65 | 2.44 | 2.54 |
| Total Liabilities | 6.25 | 5.97 | 2.96 | 3.73 | 5.89 | 6.93 | 7.81 | 6.31 | 9.07 | 8.39 | 5.22 | 5.44 | 5.52 | 4.77 | 5.34 | 4.58 |
| Retained Earnings | (38.99) | (36.09) | (31.41) | (28.66) | (27.00) | (21.49) | (18.98) | (16.03) | (11.52) | (9.66) | (8.32) | (4.45) | (3.75) | (3.21) | (1.21) | (0.82) |
| Total Stockholder Equity* | 14.41 | 17.25 | 15.93 | 18.62 | 17.66 | 17.39 | 19.62 | 22.25 | 25.87 | 27.27 | 27.75 | 29.78 | 15.50 | 15.73 | 17.29 | 1.73 |
* 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 | 3.13 | 3.96 | 3.02 | 3.43 | 4.76 | 3.61 | 1.88 | 2.90 | 4.33 | 5.28 | 8.35 | 8.08 | 8.12 | 8.88 | 8.77 | 8.81 | 8.52 | 5.89 | 5.15 | 4.12 |
| Cost of Revenue | 3.31 | 3.77 | 2.91 | 3.47 | 4.10 | 3.08 | 2.97 | 3.05 | 4.12 | 5.00 | 6.64 | 5.54 | 5.86 | 5.66 | 7.33 | 5.48 | 5.07 | 3.45 | 3.29 | 2.51 |
| Gross Profit | (0.18) | 0.20 | 0.11 | (0.05) | 0.65 | 0.54 | (1.09) | (0.15) | 0.20 | 0.28 | 1.71 | 2.54 | 2.26 | 3.22 | 1.44 | 3.33 | 3.45 | 2.43 | 1.86 | 1.61 |
| Research & Development | -- | -- | -- | -- | -- | -- | 0.00 | 0.09 | 0.34 | 0.15 | 0.42 | 0.06 | 0.26 | 0.70 | 0.26 | 0.28 | 0.17 | 0.22 | 0.15 | 0.06 |
| Selling, General & Admin | 0.60 | 0.86 | 0.65 | 0.65 | 0.61 | 0.60 | 0.88 | 0.76 | 0.76 | 0.69 | 0.81 | 0.98 | 0.91 | 1.02 | 0.73 | 0.71 | 0.64 | 0.68 | 0.64 | 0.51 |
| Total Operating Expenses | 2.84 | 2.33 | 2.76 | 2.73 | 2.33 | 2.22 | 3.27 | 2.84 | 4.86 | 2.82 | 5.50 | 5.31 | 5.30 | 5.59 | 5.09 | 4.19 | 3.92 | 3.48 | 3.21 | 1.93 |
| Operating Income | (3.02) | (2.14) | (2.65) | (2.78) | (1.68) | (1.68) | (4.36) | (2.99) | (4.66) | (2.54) | (3.79) | (2.78) | (3.04) | (2.37) | (3.64) | (0.86) | (0.47) | (1.05) | (1.35) | (0.32) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.05 | -- | -- | -- | -- |
| Pretax Income* | -- | -- | -- | -- | -- | -- | -- | (2.51) | (2.95) | (1.69) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Tax Provision | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net Income | (2.90) | (2.09) | (2.59) | (2.76) | (1.65) | (1.61) | (3.90) | (2.51) | (2.95) | (1.69) | (1.02) | (2.44) | (1.90) | (1.83) | (3.18) | (0.89) | (0.54) | (1.19) | (0.81) | (0.38) |
| Basic EPS | (5.07) | (12.93) | (1.19) | (1.23) | (0.87) | (1.08) | (0.35) | (0.26) | (0.31) | (0.18) | (0.30) | (0.20) | (0.14) | -- | -- | -- | (0.25) | -- | -- | -- |
| Diluted EPS | (5.07) | (12.93) | (1.19) | (1.23) | (0.87) | (1.08) | (0.35) | (0.26) | (0.31) | (0.18) | (11.10) | -- | (0.14) | -- | -- | -- | (0.25) | -- | -- | -- |
* Derived from reported values
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 | (1.61) | (1.66) | (1.75) | (2.65) | (0.75) | (1.74) | (2.33) | (2.41) | (0.48) | (1.75) | -0.00 | (3.50) | (1.20) | (2.23) | (1.56) | (1.39) | (0.05) | (1.15) | (1.20) | (0.75) |
| Capital Expenditures | 0.13 | 0.11 | 0.14 | 0.48 | 0.71 | 0.83 | 1.30 | 1.33 | 1.72 | 1.99 | 2.75 | 0.79 | 0.88 | 0.74 | 0.97 | 0.58 | 1.08 | 0.73 | 0.72 | 0.62 |
| Free Cash Flow* | (1.74) | (1.77) | (1.89) | (3.13) | (1.45) | (2.57) | (3.63) | (3.74) | (2.21) | (3.74) | (2.75) | (4.29) | (2.08) | (2.98) | (2.53) | (1.97) | (1.13) | (1.88) | (1.92) | (1.37) |
| Investing Cash Flow | (0.13) | (0.11) | 0.36 | (0.45) | (0.71) | (0.79) | (1.29) | (0.32) | (1.72) | 1.48 | 4.43 | (10.41) | (0.41) | (0.24) | (0.88) | 0.42 | 0.92 | (0.65) | (0.71) | (6.72) |
| Financing Cash Flow | (0.01) | 5.79 | 0.12 | (0.16) | 2.50 | (0.05) | (0.02) | (0.05) | (0.05) | (0.08) | (0.07) | (0.03) | 6.92 | -0.00 | 5.97 | 15.04 | (0.03) | (0.12) | (0.09) | 16.04 |
* Derived from reported values