Financial Statements — XTIA
Balance Sheet
(in millions USD)| Metric | 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 | 15.19 | 32.20 | 20.05 | 8.01 | 0.51 | 5.78 | 1.80 | 13.49 | 15.68 | 15.25 | 63.15 | 65.76 | 60.85 | 66.79 | 24.91 | 46.27 |
| Short-term Investments | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 15.04 | 43.22 | 45.30 | 50.06 |
| Accounts Receivable | 9.05 | 2.10 | 0.34 | 0.57 | 0.61 | 0.46 | 0.80 | 1.56 | 1.80 | 3.00 | 2.88 | 2.77 | 3.45 | 3.43 | 2.69 | 1.24 |
| Inventory | 19.41 | 1.43 | 2.49 | 2.32 | -- | -- | 0.00 | 3.36 | 3.23 | 2.18 | 2.70 | 1.58 | 1.77 | 1.54 | 1.92 | -- |
| Total Current Assets | 50.34 | 36.68 | 24.21 | 12.53 | 10.13 | 15.17 | 11.55 | 22.56 | 23.68 | 23.66 | 72.28 | 79.84 | 89.87 | 116.99 | 76.48 | 100.44 |
| Property, Plant & Equipment | 0.42 | 0.24 | 0.26 | 0.22 | 0.24 | 0.23 | 0.25 | 1.01 | 1.01 | 1.05 | 1.31 | 1.35 | 1.41 | 1.48 | 1.50 | 1.44 |
| Goodwill | 11.54 | 9.16 | 9.14 | 12.42 | 12.74 | 12.33 | 12.40 | 0.00 | 0.00 | -- | 0.00 | 0.00 | 7.66 | 24.02 | 23.89 | 6.37 |
| Intangible Assets | 9.11 | 1.17 | 1.22 | 1.31 | 4.78 | 4.84 | 5.02 | 2.30 | 2.57 | 2.81 | 28.17 | 30.13 | 32.00 | 34.78 | 36.53 | 14.20 |
| Total Non-current Assets* | 28.01 | 11.25 | 1.74 | 1.82 | 5.54 | 5.65 | 5.92 | 4.68 | 5.13 | 5.66 | 32.49 | 34.70 | 36.66 | 39.74 | 97.93 | 28.38 |
| Total Assets | 78.34 | 47.93 | 35.45 | 27.13 | 29.28 | 34.04 | 30.78 | 27.65 | 30.45 | 29.91 | 108.60 | 117.85 | 137.23 | 191.04 | 174.41 | 128.83 |
| Accounts Payable | 3.41 | 2.56 | 2.69 | 3.87 | -- | -- | -- | 1.92 | 1.67 | 1.77 | 2.56 | 0.90 | 1.07 | 1.39 | 1.73 | 1.38 |
| Short-term Debt | 10.57 | -- | -- | 2.66 | 2.62 | 2.50 | 0.84 | 11.17 | 13.80 | 14.97 | 6.18 | 1.91 | 2.41 | 3.25 | 4.25 | 4.25 |
| Total Current Liabilities | 90.95 | 35.58 | 21.84 | 12.52 | 22.04 | 23.04 | 16.65 | 19.58 | 23.66 | 23.43 | 20.73 | 14.65 | 15.53 | 20.17 | 22.27 | 11.56 |
| Long-term Debt | 10.57 | -- | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Liabilities* | 1.02 | 0.16 | 0.25 | 0.27 | 0.38 | 0.42 | 0.47 | 0.19 | 0.25 | 0.30 | 0.88 | 1.05 | 1.12 | 6.48 | 6.66 | 1.35 |
| Total Liabilities | 91.97 | 35.73 | 22.08 | 12.79 | 22.42 | 23.47 | 17.12 | 19.77 | 23.91 | 23.73 | 21.61 | 15.70 | 16.65 | 26.66 | 28.93 | 12.91 |
| Retained Earnings | (197.59) | (140.74) | (127.29) | (106.43) | (79.71) | (75.27) | (60.56) | (347.97) | (337.55) | (330.59) | (299.12) | (281.46) | (261.54) | (212.59) | (178.93) | (193.55) |
| Total Stockholder Equity | (26.61) | 10.45 | 12.41 | 13.93 | 6.87 | 10.58 | 13.67 | 10.18 | 8.40 | 7.69 | 33.17 | 53.03 | 76.05 | 122.43 | 142.74 | 115.86 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | 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 | Q2
2021 |
|---|
| Total Revenue | 27.70 | 18.92 | 2.48 | 0.60 | 0.48 | 1.03 | 0.92 | 1.03 | 0.22 | (2.61) | 2.02 | 2.06 | 3.10 | 5.29 | 4.18 | 4.72 | 5.23 | 5.14 | 4.45 | 3.45 |
| Cost of Revenue | 22.55 | 15.90 | 1.41 | 0.12 | 0.15 | 0.47 | 0.40 | 0.37 | 0.08 | (0.17) | 0.45 | 0.39 | 0.79 | 1.45 | 1.25 | 1.40 | 1.39 | 1.41 | 1.19 | 0.90 |
| Gross Profit | 5.15 | 3.03 | 1.08 | 0.48 | 0.34 | 0.56 | 0.52 | 0.66 | 0.14 | (2.44) | 1.57 | 1.67 | 2.31 | 3.83 | 2.92 | 3.33 | 3.85 | 3.73 | 3.26 | 2.56 |
| Research & Development | 1.20 | (0.41) | 1.99 | 1.95 | 1.71 | 1.16 | 1.23 | 1.15 | 0.46 | (2.03) | 2.35 | 2.05 | 1.98 | 4.02 | 4.64 | 4.91 | 4.09 | 4.94 | 3.25 | 3.22 |
| Selling, General & Admin | 11.75 | 10.41 | 11.11 | 3.95 | 7.38 | 5.60 | 2.29 | 12.41 | 1.72 | 1.37 | 3.75 | 4.24 | 5.61 | 7.91 | 5.15 | 6.90 | 6.11 | 14.78 | 8.57 | 8.83 |
| Total Operating Expenses | 15.54 | 9.51 | 15.89 | 11.61 | 10.74 | 10.53 | 4.74 | 14.59 | 9.02 | 0.57 | 10.65 | 8.32 | 10.50 | 20.19 | 13.32 | 23.22 | 13.91 | 38.18 | 15.72 | 15.85 |
| Operating Income | (10.39) | (6.48) | (14.81) | (11.13) | (10.40) | (9.96) | (4.22) | (13.93) | (8.88) | (3.01) | (9.08) | (6.66) | (8.18) | (16.35) | (10.39) | (19.89) | (10.06) | (34.45) | (12.46) | (13.29) |
| Pretax Income | (31.75) | (5.86) | (13.44) | (20.85) | (12.89) | (13.86) | (4.43) | (14.70) | (2.60) | (6.31) | (10.84) | (7.32) | (9.84) | (16.57) | (17.99) | (20.35) | (11.46) | (40.91) | (34.80) | 16.70 |
| Tax Provision | -- | -0.00 | 0.00 | 0.01 | (0.01) | 0.00 | 0.00 | 0.01 | 0.00 | (2.46) | 0.00 | 0.01 | 2.48 | (0.15) | 0.00 | (0.02) | 0.10 | (2.76) | (0.85) | 2.19 |
| Net Income | (35.27) | (21.58) | (13.45) | (20.86) | (12.87) | (13.86) | (4.43) | (14.71) | (2.60) | (11.72) | (10.38) | (6.97) | (16.87) | (14.72) | (17.59) | (19.87) | (11.21) | (37.72) | (33.64) | 14.76 |
| Basic EPS | (1.00) | 3.10 | (0.61) | (2.93) | (3.80) | (161.10) | (0.13) | (1.05) | (0.50) | (74.69) | (0.16) | (0.19) | (1.38) | (23.62) | (10.21) | (0.16) | (0.13) | (0.41) | (0.29) | 0.13 |
| Diluted EPS | (1.00) | 3.10 | (0.61) | (2.93) | (3.80) | (161.10) | (0.13) | (1.05) | (0.50) | (74.69) | (0.16) | (0.19) | (1.38) | (23.62) | (10.21) | (0.16) | (0.13) | (0.41) | (0.29) | 0.13 |
Cash Flow Statement
(in millions USD)| Metric | 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 | Q2
2021 |
|---|
| Operating Cash Flow | (10.45) | (6.25) | (8.37) | (6.74) | (15.24) | (8.00) | (6.11) | (5.64) | (2.55) | (4.12) | (9.28) | (6.30) | (9.50) | (7.02) | (7.40) | (4.22) | (15.32) | (13.11) | (9.85) | (8.50) |
| Capital Expenditures | 0.13 | 0.09 | 0.02 | 0.06 | 0.05 | 0.01 | 0.04 | 0.01 | 0.01 | 0.03 | 0.10 | 0.04 | 0.01 | 0.02 | 0.08 | 0.06 | 0.08 | 0.09 | 0.11 | 0.04 |
| Free Cash Flow* | (10.58) | (6.34) | (8.40) | (6.80) | (15.29) | (8.02) | (6.15) | (5.65) | (2.56) | (4.15) | (9.38) | (6.34) | (9.51) | (7.04) | (7.48) | (4.28) | (15.40) | (13.20) | (9.96) | (8.54) |
| Investing Cash Flow | (0.82) | (18.64) | (0.02) | (0.06) | (0.04) | (0.02) | (0.04) | (0.05) | 2.96 | (4.06) | (1.35) | (0.10) | (0.38) | (0.36) | (0.31) | 9.24 | 27.81 | (0.80) | 1.14 | (10.53) |
| Financing Cash Flow | 9.51 | 9.64 | 20.88 | 18.52 | 19.17 | 11.64 | 0.87 | 9.67 | 1.39 | 2.02 | 8.47 | 6.83 | 4.89 | (35.49) | 5.07 | (0.06) | (4.10) | (0.39) | 50.48 | (2.32) |
* Derived from reported values
