Financial Statements — VRAX
Balance Sheet
(in millions USD)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 |
|---|
| Cash & Equivalents | 4.23 | 3.59 | 9.35 | 0.02 |
| Inventory | 0.09 | 0.06 | -- | 0.02 |
| Total Current Assets | 4.89 | 4.38 | 9.63 | 0.05 |
| Total Non-current Assets* | 1.53 | 1.10 | 0.18 | 0.00 |
| Total Assets | 6.43 | 5.48 | 9.81 | 0.05 |
| Total Current Liabilities | 0.67 | 0.17 | 0.91 | 1.25 |
| Total Non-current Liabilities* | 0.29 | 0.18 | 0.00 | 0.00 |
| Total Liabilities | 0.96 | 0.35 | 0.91 | 1.25 |
| Retained Earnings | (24.59) | (18.53) | (11.79) | (6.34) |
| Total Stockholder Equity | 5.46 | 5.14 | 8.90 | (1.20) |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 |
|---|
| Total Revenue | 0.01 | 0.16 | 0.01 | 0.00 |
| Cost of Revenue* | 0.06 | 0.11 | 0.01 | 0.01 |
| Gross Profit | (0.05) | 0.05 | -0.00 | (0.01) |
| Research & Development | 1.78 | 1.56 | 0.40 | 0.43 |
| Selling, General & Admin | 4.33 | 4.59 | 5.31 | 1.29 |
| Total Operating Expenses | 6.11 | 6.55 | 5.73 | 1.73 |
| Operating Income | (6.16) | (6.50) | (5.73) | (1.73) |
| Pretax Income | (6.20) | (6.74) | (5.46) | (1.75) |
| Tax Provision | (0.14) | -- | -- | -- |
| Net Income | (6.07) | (6.74) | (5.46) | (1.75) |
| Basic EPS | (1.62) | (3.36) | (0.51) | -- |
| Diluted EPS | (1.62) | (3.36) | (0.51) | -- |
* Derived from reported values
Cash Flow Statement
(in millions USD)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 |
|---|
| Operating Cash Flow | (4.56) | (6.25) | (4.18) | (0.81) |
| Investing Cash Flow | (0.60) | (1.16) | (0.18) | -- |
| Financing Cash Flow | 5.81 | 1.65 | 13.69 | 0.81 |
