Financial Statements — WRAP
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 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 4.78 | 7.26 | 5.97 | 4.18 | 6.17 | 4.87 | 2.06 | 3.18 | 4.93 | 11.69 | 9.50 | 3.64 | 5.01 | 9.86 | 13.05 | 0.00 |
| Short-term Investments | -- | -- | -- | -- | -- | 0.00 | 2.50 | 5.00 | 10.00 | 6.50 | 6.50 | 24.86 | 24.96 | 30.00 | 30.00 | 0.04 |
| Accounts Receivable | 3.38 | 1.99 | 1.82 | 0.91 | 0.66 | 0.78 | 3.26 | 2.35 | 4.32 | 1.95 | 1.15 | 1.41 | 4.24 | 3.26 | 2.62 | 0.00 |
| Inventory | 4.31 | 4.64 | 5.46 | 5.90 | 6.08 | 6.31 | 6.49 | 6.37 | 5.82 | 6.52 | 5.63 | 2.03 | 1.87 | 2.28 | 2.84 | 0.00 |
| Total Current Assets | 13.20 | 14.47 | 13.58 | 11.32 | 13.49 | 12.24 | 15.01 | 17.72 | 25.83 | 27.38 | 23.64 | 32.64 | 36.81 | 45.93 | 49.34 | 0.04 |
| Property, Plant & Equipment | 0.09 | 0.11 | 0.14 | 0.09 | 0.11 | 0.21 | 0.29 | 0.41 | 0.53 | 0.59 | 0.66 | 0.91 | 0.94 | 0.89 | 0.51 | 0.00 |
| Goodwill | -- | -- | -- | -- | -- | 1.64 | 1.61 | 1.61 | 1.61 | -- | -- | -- | -- | -- | -- | -- |
| Intangible Assets | 1.18 | 1.17 | 1.73 | 1.84 | 1.92 | 2.02 | 2.11 | 2.19 | 2.92 | 2.23 | 2.27 | 1.60 | 1.64 | 1.43 | 1.40 | 0.00 |
| Total Non-current Assets* | 2.14 | 2.25 | 4.66 | 4.29 | 4.48 | 6.54 | 6.76 | 7.06 | 5.83 | 3.48 | 3.60 | 3.20 | 3.30 | 2.74 | 2.01 | 0.00 |
| Total Assets | 15.34 | 16.72 | 18.24 | 15.61 | 17.97 | 18.79 | 21.76 | 24.77 | 31.67 | 30.86 | 27.24 | 35.84 | 40.11 | 48.67 | 51.34 | 0.05 |
| Accounts Payable | 0.76 | 0.79 | 0.60 | 0.58 | 0.49 | 1.28 | 1.14 | 1.09 | 1.55 | 1.93 | 1.38 | 1.36 | 1.73 | 1.50 | 1.28 | 0.00 |
| Total Current Liabilities | 1.64 | 1.91 | 1.91 | 2.00 | 13.83 | 10.65 | 16.15 | 18.45 | 10.82 | 10.82 | 3.39 | 2.56 | 2.76 | 3.06 | 2.58 | 0.00 |
| Total Non-current Liabilities | 0.35 | 0.38 | 2.20 | 1.85 | 1.58 | 1.73 | 1.77 | 1.84 | 0.28 | 0.26 | 0.29 | 0.41 | 0.44 | 0.15 | 0.01 | 0.00 |
| Total Liabilities | 1.99 | 2.29 | 4.11 | 3.85 | 15.41 | 12.38 | 17.92 | 20.29 | 11.10 | 11.08 | 3.68 | 2.97 | 3.20 | 3.21 | 2.59 | 0.00 |
| Retained Earnings | (123.53) | (121.11) | (111.96) | (109.03) | (105.14) | (97.28) | (98.96) | (98.06) | (79.39) | (76.41) | (71.40) | (59.98) | (55.19) | (44.53) | (38.54) | (0.03) |
| Total Stockholder Equity | 13.35 | 14.43 | 14.13 | 11.76 | 2.57 | 6.41 | 3.84 | 4.48 | 20.57 | 19.77 | 23.56 | 32.87 | 36.91 | 45.46 | 48.76 | 0.04 |
* 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 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Total Revenue | 2.05 | 1.11 | 1.40 | 1.49 | 0.20 | 0.35 | 0.58 | 0.43 | 1.25 | 1.33 | 0.44 | 3.25 | 1.03 | 0.62 | 0.97 | 1.46 | 3.99 | 1.81 | 1.93 | 0.00 |
| Cost of Revenue | 0.51 | 0.42 | 0.67 | 0.61 | 0.53 | 0.17 | 0.46 | 0.36 | 0.59 | 0.64 | 0.88 | 1.45 | 0.53 | 0.36 | 0.71 | 0.93 | 1.71 | 1.09 | 1.25 | 0.00 |
| Gross Profit | 1.55 | 0.69 | 0.73 | 0.88 | 0.49 | 0.60 | 0.41 | 0.24 | 0.98 | 0.84 | (0.29) | 2.18 | 0.67 | 0.35 | 0.46 | 0.67 | 1.34 | 0.71 | (0.06) | 0.00 |
| Research & Development | 0.15 | 0.11 | (0.65) | 0.17 | 0.16 | 0.38 | 0.38 | 0.53 | 0.68 | 0.76 | 0.58 | 0.61 | 1.00 | 1.07 | 1.48 | 1.50 | 2.97 | 2.08 | 1.16 | 0.00 |
| Selling, General & Admin | 3.64 | 5.36 | 5.33 | 3.48 | 3.18 | 4.14 | 4.66 | 3.33 | 3.48 | 4.22 | 5.76 | 4.32 | 4.75 | 3.54 | 3.76 | 4.61 | 9.04 | 4.65 | 6.58 | 0.00 |
| Total Operating Expenses | 3.80 | 5.46 | 4.68 | 3.64 | 3.34 | 4.52 | 5.04 | 3.86 | 4.15 | 4.97 | 6.34 | 4.93 | 5.75 | 4.61 | 5.24 | 6.10 | 12.01 | 6.73 | 7.74 | 0.01 |
| Operating Income | (2.25) | (4.77) | (3.95) | (2.76) | (2.86) | (3.92) | (4.63) | (3.63) | (3.17) | (4.14) | (6.63) | (2.75) | (5.08) | (4.26) | (4.78) | (5.43) | (10.67) | (6.02) | (7.80) | (0.01) |
| Net Income | (2.26) | (4.54) | (3.94) | (2.77) | (3.73) | 0.11 | (7.60) | 1.99 | (0.38) | 0.12 | (18.40) | (2.78) | (5.01) | (4.03) | (4.78) | (5.43) | (5.23) | (5.99) | (13.23) | (0.01) |
| Basic EPS | (0.04) | (0.09) | (0.08) | (0.06) | (0.07) | -- | (0.18) | 0.04 | (0.02) | 0.00 | (0.43) | (0.07) | (0.12) | (0.10) | (0.12) | (0.13) | -- | -- | (0.20) | (0.14) |
| Diluted EPS | (0.04) | (0.09) | (0.08) | (0.06) | (0.07) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
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 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Operating Cash Flow | (2.43) | (1.25) | (2.66) | (2.61) | (1.94) | (3.07) | (1.21) | 0.33 | (3.52) | (3.72) | (3.78) | (12.14) | 2.29 | (3.07) | (1.36) | (4.85) | (4.49) | (3.47) | (10.25) | -0.00 |
| Capital Expenditures | 0.01 | 0.01 | 0.01 | 0.09 | 0.01 | 0.00 | -0.00 | 0.00 | -0.00 | 0.01 | 0.10 | 0.07 | 0.05 | 0.02 | 0.09 | 0.08 | 0.18 | 0.44 | 0.37 | 0.00 |
| Free Cash Flow* | (2.44) | (1.25) | (2.67) | (2.70) | (1.95) | (3.07) | (1.20) | 0.33 | (3.52) | (3.74) | (3.88) | (12.21) | 2.24 | (3.08) | (1.44) | (4.93) | (4.68) | (3.92) | (10.62) | -0.00 |
| Investing Cash Flow | (0.05) | (0.06) | (0.14) | (0.10) | (0.05) | (0.10) | (0.05) | 2.47 | 2.47 | 2.42 | 2.41 | (4.37) | (0.11) | 7.24 | (0.01) | 4.85 | (0.43) | (1.04) | (5.46) | (0.01) |
| Financing Cash Flow | 0.00 | 5.10 | 0.31 | 4.50 | 0.00 | 5.73 | 0.00 | 0.00 | (0.06) | 0.53 | 0.40 | 9.75 | 0.00 | 0.00 | 0.00 | 0.08 | -0.00 | 1.33 | 12.13 | 0.00 |
* Derived from reported values
