Financial Statements — XAGEW
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 | 0.04 | 0.31 | 1.11 | 1.55 | 0.77 | 1.14 | 2.20 | 0.89 | 7.97 | 0.01 | 0.02 | 0.38 | 0.55 | 0.59 | 0.85 | 0.00 |
| Accounts Receivable | 0.02 | 0.05 | 0.05 | 0.05 | 0.09 | -- | -- | -- | 14.40 | -- | -- | -- | -- | -- | -- | -- |
| Inventory | 0.61 | 0.73 | 1.01 | 1.17 | 1.38 | 0.10 | 0.11 | -- | 9.81 | -- | -- | -- | -- | -- | -- | -- |
| Total Current Assets | 0.71 | 1.26 | 2.84 | 3.24 | 2.79 | 1.88 | 4.10 | 5.19 | 38.87 | 0.06 | 0.13 | 0.53 | 0.62 | 0.76 | 1.13 | -- |
| Property, Plant & Equipment | 0.08 | 0.09 | 0.12 | 0.12 | 0.14 | 0.13 | 0.15 | 0.17 | 0.29 | -- | -- | -- | -- | -- | -- | -- |
| Goodwill | -- | -- | -- | -- | -- | -- | -- | -- | 19.31 | -- | -- | -- | -- | -- | -- | -- |
| Intangible Assets | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 22.89 | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Assets* | 0.34 | 0.38 | 0.46 | 0.48 | 0.54 | 0.56 | 0.93 | 0.99 | 43.35 | 160.24 | 158.37 | 155.36 | 154.66 | 154.46 | 154.44 | -- |
| Total Assets | 1.06 | 1.64 | 3.30 | 3.72 | 3.34 | 2.44 | 5.03 | 6.18 | 82.22 | 160.30 | 158.50 | 155.89 | 155.28 | 155.21 | 155.58 | 0.32 |
| Accounts Payable | 5.04 | 5.05 | 4.17 | 4.59 | 4.60 | 4.21 | 4.10 | 4.28 | 17.79 | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 9.59 | 8.35 | 6.84 | 6.91 | 6.60 | 6.17 | 5.78 | 6.91 | 37.71 | 4.11 | 2.62 | 0.83 | 1.06 | 0.65 | 0.12 | 0.30 |
| Long-term Debt | -- | -- | -- | -- | -- | -- | -- | -- | 9.36 | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Liabilities* | 0.16 | 0.19 | 0.44 | 0.54 | 0.54 | 0.33 | 0.63 | 0.67 | 23.60 | 0.00 | 0.00 | 5.41 | 5.41 | 5.41 | 5.41 | -- |
| Total Liabilities | 9.75 | 8.54 | 7.28 | 7.46 | 7.14 | 6.51 | 6.41 | 7.57 | 61.31 | 4.11 | 2.62 | 6.24 | 6.47 | 6.05 | 5.53 | -- |
| Retained Earnings | (79.09) | (77.21) | (73.69) | (72.26) | (70.38) | (67.96) | (65.08) | (61.77) | (61.66) | (2.40) | (1.31) | (5.37) | (5.64) | (5.30) | (4.39) | (0.01) |
| Total Stockholder Equity | (8.70) | (6.89) | (3.98) | (3.74) | (3.81) | (4.06) | (1.37) | (1.39) | 20.92 | (2.40) | (1.31) | (5.37) | (5.64) | (5.30) | (4.39) | -- |
* 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 | Q3
2021 | Q2
2021 |
|---|
| Total Revenue | 0.40 | 0.39 | 0.47 | 0.43 | 0.50 | 0.51 | 0.02 | 0.02 | 0.01 | 0.00 | -- | 3.73 | 0.00 | -- | -- | -- | -- | -- | -- | -- |
| Cost of Revenue | 0.16 | 0.15 | 0.21 | 0.17 | 0.20 | 0.24 | 0.00 | 0.00 | 0.00 | -- | -- | 1.54 | -- | -- | -- | -- | -- | -- | -- | -- |
| Gross Profit | 0.24 | 0.24 | 0.27 | 0.25 | 0.30 | 0.27 | 0.02 | 0.02 | 0.01 | -- | -- | 2.18 | -- | -- | -- | -- | -- | -- | -- | -- |
| Research & Development | 0.07 | 0.06 | 0.14 | 0.23 | 0.23 | 0.20 | 0.19 | 0.33 | 0.10 | 0.43 | (0.74) | 1.67 | -- | -- | -- | -- | -- | -- | -- | -- |
| Selling, General & Admin | 0.68 | -- | -- | 1.43 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.09 | -- |
| Total Operating Expenses | 0.96 | 1.57 | 2.54 | 1.73 | 2.16 | 1.78 | 1.02 | 1.44 | 1.20 | 1.38 | (4.14) | 7.32 | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating Income | (0.72) | (1.33) | (2.27) | (1.47) | (1.86) | (1.51) | (1.01) | (1.42) | (1.19) | (1.38) | 1.11 | (5.14) | (1.16) | (0.76) | (0.71) | (0.12) | (0.29) | (0.54) | (0.09) | -- |
| Interest Expense | -- | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Pretax Income | (1.88) | (1.43) | (2.05) | (1.43) | (1.89) | (1.51) | (1.01) | (2.88) | (3.30) | (3.55) | (6.37) | (11.46) | 0.71 | 0.92 | 0.63 | 0.57 | (0.08) | -- | -- | -- |
| Tax Provision | 0.00 | 0.00 | 0.04 | 0.00 | 0.00 | 0.00 | (0.10) | 0.00 | 0.00 | 0.00 | (0.73) | 0.00 | 0.39 | 0.34 | 0.39 | (0.27) | 0.27 | -- | -- | -- |
| Net Income | (1.88) | (1.43) | (2.08) | (1.43) | (1.89) | (1.51) | (0.91) | (2.88) | (3.30) | (3.27) | (4.87) | (11.46) | 0.32 | 0.58 | 0.24 | 0.84 | (0.35) | (0.53) | 0.04 | (0.01) |
| Basic EPS | (0.76) | (0.75) | (0.92) | (0.83) | (1.56) | (1.52) | (0.05) | (0.14) | (0.16) | (0.14) | 1.35 | (0.62) | -- | -- | -- | -- | -- | -- | -- | -- |
| Diluted EPS | -- | (0.75) | (0.92) | (0.83) | (1.56) | (1.52) | (0.05) | (0.14) | (0.16) | (0.14) | 1.35 | (0.62) | -- | -- | -- | -- | -- | -- | -- | -- |
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 | Q3
2021 | Q2
2021 |
|---|
| Operating Cash Flow | (0.22) | (0.49) | (0.31) | (1.43) | (0.84) | (0.75) | (0.77) | (1.40) | (1.14) | (1.08) | (3.14) | (5.03) | (0.01) | (0.17) | (0.19) | (0.10) | (0.04) | (0.15) | (0.37) | (0.01) |
| Capital Expenditures | -- | -- | 0.00 | 0.01 | -- | -- | -- | -- | 0.03 | -- | 0.00 | 0.03 | -- | -- | -- | -- | -- | -- | -- | -- |
| Free Cash Flow* | -- | -- | (0.31) | (1.45) | -- | -- | -- | -- | (1.17) | -- | (3.14) | (5.06) | -- | -- | -- | -- | -- | -- | -- | -- |
| Investing Cash Flow | 0.00 | -- | -0.00 | 0.00 | (0.01) | (0.15) | 0.00 | 0.00 | 0.00 | (0.75) | (0.66) | 0.63 | -- | -- | -- | 0.00 | -- | -- | -- | -- |
| Financing Cash Flow | (0.05) | 0.09 | (0.10) | 0.99 | 1.63 | 1.52 | (0.21) | 0.34 | 2.44 | (0.20) | (1.25) | 12.41 | -- | -- | 0.00 | (0.07) | (0.03) | -- | 155.66 | 0.01 |
* Derived from reported values
