Financial Statements — WHWK
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 | Q1 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 85.23 | 34.79 | 37.93 | 144.94 | 227.57 | 30.54 | 41.14 | 53.78 | 68.80 | 68.16 | 34.05 | 134.82 | 118.74 | 129.85 | 161.38 | 36.82 | 39.01 |
| Short-term Investments | 104.75 | 88.25 | 124.67 | 32.26 | 3.49 | 32.08 | 37.43 | 34.49 | 50.53 | 66.73 | 117.13 | 48.19 | -- | -- | -- | -- | -- |
| Accounts Receivable | -- | -- | 0.00 | 0.00 | 0.00 | 6.54 | 5.92 | 4.93 | 5.72 | 3.68 | 5.57 | 2.26 | 2.06 | 2.71 | 14.15 | -- | -- |
| Inventory | -- | -- | 0.00 | 0.00 | 0.00 | 5.47 | 6.10 | 5.94 | 3.62 | 3.46 | 3.80 | 0.73 | 0.73 | 0.20 | -- | -- | -- |
| Total Current Assets | 192.41 | 125.55 | 165.04 | 178.67 | 232.61 | 77.32 | 93.01 | 102.57 | 132.88 | 144.92 | 164.93 | 189.86 | 124.34 | 135.62 | 162.02 | 37.39 | 41.00 |
| Property, Plant & Equipment | 0.00 | 0.00 | 0.00 | 0.01 | 0.03 | 5.98 | 6.00 | 5.69 | 3.60 | 3.01 | 2.23 | 0.46 | 0.36 | 0.10 | 0.01 | -- | 0.10 |
| Intangible Assets | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 3.74 | 3.88 | -- | -- |
| Total Non-current Assets* | 1.58 | 1.68 | 1.98 | 2.15 | 1.39 | 8.38 | 8.62 | 8.50 | 6.78 | 6.31 | 5.72 | 4.24 | 4.30 | 6.70 | 6.75 | 0.03 | 0.16 |
| Total Assets | 193.99 | 127.23 | 167.02 | 180.82 | 234.00 | 85.70 | 101.62 | 111.07 | 139.66 | 151.23 | 170.65 | 194.10 | 128.64 | 142.32 | 168.77 | 37.42 | 41.16 |
| Accounts Payable | 1.11 | 1.75 | 1.63 | 3.34 | 3.66 | 1.37 | 2.27 | 3.10 | 2.61 | 2.90 | 6.51 | 3.92 | 3.62 | 4.01 | 5.21 | 2.20 | 2.09 |
| Total Current Liabilities | 11.07 | 11.06 | 9.85 | 8.76 | 12.27 | 15.81 | 22.15 | 19.88 | 20.52 | 13.00 | 17.75 | 17.89 | 12.60 | 11.51 | 11.57 | 2.21 | 2.13 |
| Total Non-current Liabilities* | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.02 | 0.68 | 0.74 | 0.95 | 6.81 | 6.92 | 7.10 | 7.31 | 6.18 | 6.28 | 0.00 | 0.00 |
| Total Liabilities | 11.07 | 11.06 | 9.85 | 8.76 | 12.27 | 16.83 | 22.83 | 20.61 | 21.46 | 19.81 | 24.67 | 25.00 | 19.91 | 17.69 | 17.85 | 2.21 | 2.13 |
| Retained Earnings | (392.08) | (375.44) | (330.00) | (312.25) | (259.64) | (314.38) | (301.83) | (287.25) | (252.69) | (236.39) | (218.42) | (189.28) | (174.81) | (156.54) | (126.69) | (155.40) | (150.99) |
| Total Stockholder Equity | 182.93 | 116.18 | 157.17 | 172.07 | 221.73 | 68.87 | 78.79 | 90.46 | 118.20 | 131.42 | 145.99 | 169.11 | 108.73 | 124.63 | 150.93 | 35.22 | 39.03 |
* 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 7.15 | 7.24 | 7.21 | 6.18 | 5.35 | 6.33 | 5.96 | 6.20 | 5.87 | 5.23 | 4.25 | 3.44 | 2.31 | 1.00 | 0.12 |
| Cost of Revenue* | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.76 | 0.79 | 0.80 | 0.78 | 0.65 | 0.93 | 0.70 | 0.66 | 0.53 | 0.22 | 0.59 | 0.34 | 0.18 | -- | 0.12 |
| Gross Profit* | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 6.39 | 6.45 | 6.41 | 5.55 | 4.70 | 5.40 | 5.26 | 10.88 | 5.34 | 5.01 | 3.65 | 3.10 | 2.13 | -- | 0.00 |
| Research & Development | 12.89 | 17.23 | 19.02 | 14.35 | 48.81 | 8.79 | 14.35 | 10.00 | 13.09 | 13.59 | 12.77 | 11.89 | 13.32 | 10.96 | 9.37 | 8.77 | 7.73 | 6.79 | 10.97 | 5.75 |
| Selling, General & Admin | 5.22 | 6.29 | 5.87 | 5.20 | 5.94 | 12.82 | 11.05 | 7.19 | 7.89 | 10.62 | 10.35 | 11.22 | 11.78 | 11.21 | 11.11 | 9.91 | 10.01 | 9.15 | 4.92 | 7.40 |
| Total Operating Expenses* | 18.11 | 23.52 | 24.89 | 19.55 | 54.75 | 21.60 | 25.40 | 19.82 | 25.09 | 24.21 | 23.11 | 23.11 | 47.25 | 22.16 | 20.48 | 18.69 | 21.46 | 15.94 | 14.65 | 87.31 |
| Operating Income | (18.11) | (23.52) | (24.89) | (19.55) | (54.75) | (15.22) | (18.95) | (13.41) | (15.58) | (19.51) | (17.71) | (17.85) | (19.55) | (16.82) | (15.47) | (15.04) | (18.36) | (13.81) | (13.53) | (87.31) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.16 |
| Pretax Income | (16.64) | (22.19) | -- | -- | -- | -- | -- | -- | -- | -- | (16.27) | (16.30) | (17.97) | -- | (13.92) | (14.47) | (18.26) | (13.86) | (15.99) | (87.09) |
| Tax Provision | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | (0.01) | 0.00 | 0.01 | -- | 0.00 | 0.00 |
| Net Income | (16.64) | (22.19) | (23.25) | (17.75) | (52.61) | 73.02 | (18.27) | (12.55) | (14.58) | (18.29) | (16.27) | (16.30) | (17.97) | (15.22) | (13.91) | (14.47) | (18.27) | (13.86) | (14.15) | (87.09) |
| Basic EPS | (0.20) | (0.32) | (1.15) | (0.26) | (0.76) | 1.84 | (0.68) | (0.46) | (0.54) | (0.68) | (0.60) | (0.60) | (0.67) | (0.57) | (0.48) | (0.68) | (0.87) | -- | -- | -- |
| Diluted EPS | (0.20) | (0.32) | (1.14) | (0.26) | (0.76) | 1.83 | (0.68) | (0.46) | (0.54) | (0.68) | (0.60) | (0.60) | (0.67) | (0.57) | (0.48) | (0.68) | (0.87) | -- | -- | -- |
* 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 | (14.53) | (22.21) | (17.23) | (15.38) | (52.96) | (11.86) | (15.05) | (15.69) | (9.16) | (19.65) | (9.64) | (11.95) | (16.76) | (21.31) | (11.31) | (8.19) | (10.72) | (19.41) | (12.43) | (4.10) |
| Capital Expenditures | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.55 | 0.19 | 0.19 | 0.54 | 0.74 | 0.82 | 1.10 | 0.69 | 1.37 | 0.08 | 0.10 | 0.24 | 0.02 | -- | -- |
| Free Cash Flow* | (14.53) | (22.21) | (17.23) | (15.38) | (52.96) | (12.41) | (15.24) | (15.87) | (9.70) | (20.39) | (10.46) | (13.05) | (17.45) | (22.68) | (11.39) | (8.30) | (10.96) | (19.44) | -- | -- |
| Investing Cash Flow | (16.87) | 19.43 | 16.85 | (91.63) | (28.83) | 115.50 | 13.13 | 5.09 | (3.57) | 10.56 | 3.65 | 12.67 | 50.56 | 16.33 | (84.38) | (48.24) | (0.24) | (0.02) | (0.05) | 25.20 |
| Financing Cash Flow | 81.84 | 0.00 | 0.03 | 0.00 | (0.85) | 95.20 | 0.05 | 0.00 | 0.09 | (0.01) | 0.08 | (0.07) | 0.31 | 0.01 | (0.11) | 72.52 | (0.09) | 0.30 | 0.09 | 141.61 |
* Derived from reported values