Financial Statements — VS
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 |
|---|
| Cash & Equivalents | 1.36 | 0.42 | 1.41 | 1.68 | 2.43 | 0.47 | 0.91 | 2.89 | 2.17 | 3.19 | 5.28 | 1.03 |
| Accounts Receivable | 1.60 | 0.19 | -- | 0.33 | -- | 0.00 | 0.01 | 0.01 | -- | -- | -- | -- |
| Total Current Assets | 3.05 | 0.72 | 2.77 | 3.84 | 2.73 | 1.24 | 1.83 | 3.35 | 2.58 | 3.64 | 5.72 | 1.45 |
| Property, Plant & Equipment | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | -- | -- | -- | -- |
| Goodwill | -- | -- | -- | -- | -- | -- | -- | -- | -- | 6.58 | 6.58 | 6.58 |
| Intangible Assets | 1.26 | 0.94 | 0.30 | -- | -- | -- | 6.39 | -- | -- | -- | -- | -- |
| Total Non-current Assets* | 1.26 | 0.94 | 0.30 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | -- | -- | -- | -- |
| Total Assets | 4.31 | 1.66 | 3.07 | 3.84 | 2.73 | 1.24 | 1.83 | 3.36 | -- | -- | -- | -- |
| Accounts Payable | 0.76 | 0.46 | 0.00 | 0.03 | 0.00 | 0.03 | 0.02 | 0.16 | -- | -- | -- | -- |
| Total Current Liabilities | 0.76 | 0.46 | 0.00 | 0.03 | 0.00 | 0.03 | 0.03 | 0.18 | 2.09 | 2.29 | 2.94 | 3.59 |
| Total Non-current Liabilities* | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | (7.69) | (7.72) | (7.56) | 2.09 | 2.29 | 2.94 | 3.60 |
| Total Liabilities* | 0.76 | 0.46 | 0.00 | 0.03 | 0.00 | (7.66) | (7.68) | (7.38) | -- | -- | -- | -- |
| Retained Earnings | (141.48) | (141.95) | (140.30) | (139.77) | (140.44) | (138.67) | (138.11) | (136.76) | (129.78) | (128.42) | (126.38) | (113.96) |
| Total Stockholder Equity | 11.84 | 9.61 | 11.14 | 11.65 | 10.84 | 8.90 | 9.51 | 10.74 | 5.61 | 7.18 | 9.38 | 14.14 |
* 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 | Q3
2022 |
|---|
| Total Revenue | 0.01 | 0.02 | 2.16 | 0.00 | 0.03 | 0.20 | 0.00 | 0.00 | 0.06 | 0.03 | -- | 0.02 | 0.06 | 0.16 | 0.32 |
| Cost of Revenue* | (1.48) | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.02 | 0.02 | 0.02 | -- | -- | -- | -- | -- |
| Gross Profit | 1.49 | 0.02 | 0.00 | 0.00 | 1.97 | 0.19 | 0.00 | 0.00 | 0.03 | 0.00 | -- | -- | -- | -- | -- |
| Research & Development | -- | -- | 0.02 | 0.01 | 0.01 | 0.01 | 0.13 | 0.01 | 0.72 | 0.04 | -- | -- | -- | -- | -- |
| Selling, General & Admin | 0.90 | 0.84 | 1.15 | 0.74 | 1.03 | 1.36 | 0.88 | 0.52 | 1.63 | 1.46 | -- | 0.17 | 0.22 | 0.12 | 0.29 |
| Total Operating Expenses | 0.90 | 0.84 | 1.18 | 0.76 | 1.03 | 1.36 | 1.01 | 0.53 | 2.34 | 1.50 | -- | -- | -- | -- | -- |
| Operating Income | 0.59 | (0.82) | (1.17) | (0.76) | 0.94 | (1.17) | (1.01) | (0.53) | (2.31) | (1.50) | -- | -- | -- | -- | -- |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.02 | 0.02 | 0.02 | 0.03 |
| Pretax Income | 0.59 | (0.82) | (1.17) | (0.76) | 0.94 | (1.16) | (1.02) | (0.53) | (2.31) | (1.50) | -- | -- | -- | -- | -- |
| Tax Provision | -- | -- | -- | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net Income | 0.47 | (0.68) | (0.96) | (0.54) | 0.67 | (0.96) | (0.51) | (0.53) | (1.50) | (1.50) | (5.49) | -- | -- | -- | -- |
| Basic EPS | 0.10 | (0.14) | (0.20) | (0.11) | 0.14 | (0.20) | (0.25) | (0.22) | (3.18) | (0.53) | -- | (0.13) | (0.19) | (0.14) | (1.79) |
| Diluted EPS | 0.10 | (0.14) | -- | -- | 0.14 | (0.20) | (0.25) | (0.22) | (3.18) | (0.53) | -- | (0.13) | (0.19) | (0.14) | (0.13) |
* 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 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 |
|---|
| Operating Cash Flow | (0.48) | 0.14 | (0.57) | 0.02 | (0.87) | (0.64) | (0.72) | (0.47) | (1.99) | (1.80) | (4.36) | (3.51) | (2.26) | (7.07) |
| Investing Cash Flow | (0.33) | (0.33) | (0.31) | (0.30) | -- | -- | -- | -0.00 | -0.00 | (0.01) | (0.01) | (0.01) | (0.01) | (2.14) |
| Financing Cash Flow | 1.70 | -- | -- | -- | -- | -- | -- | (0.18) | (0.83) | 6.37 | 5.36 | 5.54 | 6.37 | 8.56 |
