Financial Statements — XPON
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 |
|---|
| Cash & Equivalents | 1.54 | 3.06 | 4.29 | 0.68 | 1.09 | 3.33 | 0.90 | 2.26 | 2.91 | 3.60 | 5.73 | 8.12 | 10.39 | 0.80 |
| Short-term Investments | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 5.02 | -- | -- | -- |
| Accounts Receivable | 0.64 | 0.62 | 0.57 | 0.72 | 0.59 | 0.44 | 0.35 | 0.24 | 0.47 | 0.41 | 0.63 | 0.28 | 0.80 | 0.58 |
| Inventory | 2.05 | 2.43 | 3.63 | 5.14 | 6.04 | 3.37 | 3.36 | 3.78 | 4.16 | 4.97 | 3.93 | 5.04 | 2.76 | 2.30 |
| Total Current Assets | 5.32 | 6.61 | 9.56 | 7.38 | 8.08 | 8.77 | 5.55 | 6.63 | 7.86 | 9.32 | 11.75 | 13.91 | 15.45 | 4.50 |
| Property, Plant & Equipment | 0.28 | 0.30 | 0.35 | 0.38 | 0.45 | 0.51 | 0.75 | 0.79 | 0.97 | 1.03 | 1.10 | 1.06 | 0.85 | 0.58 |
| Total Non-current Assets* | 0.82 | 0.92 | 1.13 | 1.23 | 1.16 | 1.36 | 3.20 | 3.38 | 3.82 | 4.02 | 4.20 | 4.41 | 4.48 | 4.17 |
| Total Assets | 6.14 | 7.53 | 10.69 | 8.61 | 9.24 | 10.13 | 8.76 | 10.02 | 11.68 | 13.33 | 15.95 | 18.32 | 19.93 | 8.67 |
| Accounts Payable | 0.35 | 0.42 | 0.52 | 0.68 | 0.37 | 0.33 | 0.43 | 0.28 | 0.44 | 0.22 | 1.13 | 0.15 | 0.21 | 0.34 |
| Short-term Debt | 0.01 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.05 | 0.05 | 0.05 | 0.07 | -- | -- |
| Total Current Liabilities | 0.96 | 1.03 | 1.04 | 5.81 | 5.38 | 6.77 | 4.05 | 4.02 | 1.97 | 1.35 | 2.82 | 1.09 | 1.26 | 2.20 |
| Long-term Debt | 0.16 | 0.19 | 0.21 | 0.21 | 0.22 | 0.24 | 0.25 | 0.26 | 0.36 | 0.37 | 0.42 | 0.52 | 0.58 | 2.12 |
| Total Non-current Liabilities* | 0.36 | 0.45 | 0.63 | 0.73 | 0.67 | 0.81 | 2.18 | 2.33 | 2.89 | 3.53 | 3.20 | 4.15 | 4.32 | 4.91 |
| Total Liabilities | 1.32 | 1.48 | 1.68 | 6.54 | 6.05 | 7.58 | 6.23 | 6.34 | 4.85 | 4.88 | 6.02 | 5.24 | 5.58 | 7.11 |
| Retained Earnings | (43.85) | (42.57) | (36.37) | (37.10) | (35.73) | (34.32) | (25.51) | (23.29) | (18.91) | (17.10) | (15.62) | (12.17) | (10.89) | (6.80) |
| Total Stockholder Equity | 4.82 | 6.05 | 9.01 | 2.07 | 3.20 | 2.54 | 2.52 | 3.68 | 6.83 | 8.45 | 9.93 | 13.08 | 14.36 | 1.56 |
* 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 |
|---|
| Total Revenue | 2.03 | 1.57 | 2.22 | 2.39 | 2.99 | 2.05 | 1.99 | 1.39 | 1.28 | 0.97 | 0.86 | 1.89 | 1.73 | 1.51 | 1.42 | 1.38 | 2.20 | 2.16 |
| Cost of Revenue | 1.37 | 1.17 | 2.55 | 1.85 | 2.37 | 1.55 | 1.55 | 1.22 | 0.95 | 0.75 | 0.65 | 1.42 | 1.27 | 1.06 | 1.10 | 0.98 | 1.50 | 1.29 |
| Gross Profit | 0.66 | 0.40 | (0.33) | 0.54 | 0.62 | 0.50 | 0.44 | 0.17 | 0.33 | 0.22 | 0.21 | 0.47 | 0.45 | 0.44 | 0.32 | 0.40 | 0.71 | 0.86 |
| Research & Development | 0.03 | 0.14 | 0.29 | 0.07 | 0.08 | 0.11 | 0.07 | 0.07 | 0.08 | 0.08 | -- | 0.15 | 0.09 | 0.08 | 0.12 | -- | -- | 0.01 |
| Selling, General & Admin | 1.96 | 2.17 | 4.87 | 3.54 | 1.97 | 1.65 | 1.62 | 2.10 | 2.00 | 2.19 | 2.38 | 2.29 | 1.95 | 2.12 | 1.76 | 1.66 | 3.62 | 1.20 |
| Total Operating Expenses | 1.96 | 2.17 | 4.87 | 3.54 | 1.97 | 1.65 | 1.62 | 6.29 | 4.19 | 2.19 | 4.20 | 2.29 | 1.95 | 0.30 | 1.76 | 0.73 | 0.42 | 0.32 |
| Operating Income | (1.30) | (1.77) | (5.20) | (3.00) | (1.35) | (1.15) | (1.18) | (1.93) | (1.68) | (1.97) | (2.18) | (1.82) | (1.50) | (1.68) | (1.44) | (1.26) | (2.92) | (0.33) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.25 | 0.03 | 0.03 | 0.03 | 0.04 | 0.03 | 0.03 | 1.18 | 0.36 |
| Pretax Income | (1.28) | (1.76) | (4.44) | 0.72 | (1.37) | (1.15) | (0.25) | (8.81) | (2.22) | (2.19) | (2.18) | (1.81) | (1.48) | (1.98) | (1.48) | (1.28) | (4.09) | (0.70) |
| Tax Provision | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.00 | 0.00 | 0.00 | 0.00 | -- | -- | -- | -- | (0.01) | 0.00 | 0.00 | 0.00 |
| Net Income | (1.28) | (1.76) | (4.44) | 0.72 | (1.37) | (1.15) | (0.25) | (8.81) | (2.22) | (2.19) | (2.19) | (1.81) | (1.48) | (1.98) | (1.47) | (1.28) | (4.09) | (0.70) |
| Basic EPS | (1.34) | (0.17) | (5.64) | 0.12 | (0.41) | (0.37) | 691.20 | (24.55) | (0.30) | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Diluted EPS | (1.34) | (0.17) | (5.40) | 0.10 | (0.41) | (0.37) | 691.20 | (24.55) | (0.30) | -- | -- | -- | -- | -- | -- | -- | -- | -- |
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 |
|---|
| Operating Cash Flow | (1.48) | (1.13) | (2.42) | (2.10) | (0.40) | (1.23) | (2.91) | (3.24) | (1.73) | (1.67) | (1.32) | (0.69) | (2.10) | (1.42) | (0.77) | (1.97) | (3.23) | 0.51 |
| Capital Expenditures | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.01 | 0.00 | (0.01) | 0.02 | 0.01 | 0.13 | 0.30 | 0.11 | 0.03 |
| Free Cash Flow* | -- | -- | -- | -- | -- | -- | -- | -- | -- | (1.68) | (1.32) | (0.67) | (2.12) | (1.43) | (0.90) | (2.27) | (3.34) | 0.47 |
| Investing Cash Flow | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | (0.01) | 0.04 | 0.00 | 0.08 | 0.00 | 0.01 | 0.01 | (0.01) | (0.13) | (0.24) | (0.11) | (0.03) |
| Financing Cash Flow | (0.04) | 1.22 | 1.10 | 5.70 | (0.01) | 1.77 | 0.14 | 5.62 | 0.37 | (0.07) | 2.35 | (0.01) | (0.04) | (0.04) | (0.01) | (0.06) | 12.93 | (0.45) |
* Derived from reported values
