Financial Statements — ACON
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 |
|---|
| Cash & Equivalents | 19.00 | 11.34 | 12.83 | 14.75 | 1.31 | 1.17 | 2.13 | 0.17 | 0.61 | 0.46 | 2.67 | 3.80 | 0.06 |
| Accounts Receivable | 0.04 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.02 | 0.03 | 0.01 | 0.01 |
| Total Current Assets | 19.38 | 11.90 | 13.44 | 15.16 | 1.90 | 1.85 | 2.54 | 0.36 | 0.80 | 0.68 | 2.88 | 4.39 | 0.57 |
| Property, Plant & Equipment | 0.02 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 |
| Intangible Assets | 1.24 | 1.28 | 1.31 | 1.32 | 1.29 | 1.24 | 1.19 | 1.18 | 1.20 | 1.18 | 1.22 | 1.22 | 1.23 |
| Total Non-current Assets | 1.26 | 1.30 | 1.31 | 1.32 | 1.29 | 1.24 | 1.19 | 1.18 | 1.21 | 1.19 | 1.22 | 1.23 | 1.24 |
| Total Assets | 20.64 | 13.20 | 14.75 | 16.48 | 3.19 | 3.09 | 3.73 | 1.54 | 2.00 | 1.86 | 4.10 | 5.62 | 1.81 |
| Accounts Payable | 0.59 | 0.27 | 0.28 | 0.52 | 0.33 | 0.18 | 0.20 | 0.69 | 0.61 | 0.54 | 0.72 | 1.18 | 2.59 |
| Total Current Liabilities | 0.99 | 0.70 | 0.56 | 0.70 | 0.68 | 1.45 | 1.22 | 2.37 | 1.99 | 0.74 | 1.17 | -- | -- |
| Total Non-current Liabilities* | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- |
| Total Liabilities* | 0.99 | 0.70 | 0.56 | 0.70 | 0.68 | 1.45 | 1.22 | 2.37 | 1.99 | 0.74 | 1.17 | 1.38 | 8.74 |
| Retained Earnings | (61.35) | (56.61) | (54.90) | (53.30) | (49.27) | (47.92) | (46.68) | (43.02) | (42.02) | (40.55) | (38.58) | (36.95) | (33.11) |
| Total Stockholder Equity | 19.65 | 12.50 | 14.19 | 15.78 | 2.51 | 1.64 | 2.51 | (0.83) | 0.01 | 1.13 | 2.93 | 4.24 | (6.93) |
* 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 |
|---|
| Total Revenue | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.03 | 0.02 | 0.02 | 0.01 | 0.01 |
| Cost of Revenue | 0.02 | 0.02 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.02 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.01 | -0.00 | (0.01) | (0.01) | (0.01) | (0.01) | (0.01) | -0.00 | -0.00 | 0.01 | 0.01 | 0.00 | -0.00 | (0.01) |
| Research & Development | 0.32 | 0.26 | 0.30 | 0.27 | 0.20 | 0.25 | 0.20 | 0.20 | 0.24 | 0.22 | 0.20 | 0.25 | 0.20 | 0.22 | 0.29 | 0.35 | 0.20 |
| Selling, General & Admin | 1.77 | 1.11 | 0.90 | 1.13 | 0.99 | 1.21 | 0.86 | 0.70 | 0.85 | 0.72 | 0.77 | 0.95 | 0.81 | 0.43 | 1.18 | 1.88 | 0.49 |
| Total Operating Expenses | 2.99 | 1.99 | 1.84 | 1.74 | 1.49 | 1.80 | 1.29 | 1.12 | 1.27 | 1.12 | 1.16 | 1.40 | 1.19 | 0.80 | 1.63 | 2.36 | 0.77 |
| Operating Income | (2.99) | (1.99) | (1.83) | (1.74) | (1.49) | (1.81) | (1.30) | (1.14) | (1.28) | (1.13) | (1.16) | (1.41) | (1.18) | (0.79) | (1.63) | (2.37) | (0.77) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | 0.34 | 0.39 | 0.17 | 0.05 | 0.00 | 0.00 | 0.00 | 1.34 | 0.16 |
| Pretax Income | (2.85) | (1.89) | (1.71) | (1.60) | (2.04) | (1.99) | (1.37) | (1.24) | (2.40) | (1.27) | (1.00) | (1.46) | -- | -- | -- | -- | -- |
| 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 | 0.00 | 0.00 | 0.00 |
| Net Income | (2.85) | (1.89) | (1.71) | (1.60) | (2.04) | (1.99) | (1.37) | (1.24) | (2.40) | (1.27) | (1.00) | (1.46) | (1.18) | (0.79) | (1.63) | (3.71) | (0.94) |
| Basic EPS | (1.34) | 1.39 | (2.93) | (2.75) | (9.32) | (7,479.26) | (0.15) | (0.15) | (0.44) | (8.37) | (0.12) | (0.18) | (0.15) | (0.10) | (0.21) | -- | -- |
| Diluted EPS | (1.34) | 1.39 | (2.93) | (2.75) | (9.32) | (7,479.26) | (0.15) | (0.15) | (0.44) | (8.37) | (0.12) | (0.18) | (0.15) | (0.10) | (0.21) | -- | -- |
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 |
|---|
| Operating Cash Flow | (2.64) | (1.63) | (1.16) | (1.87) | (2.51) | (0.92) | (1.06) | (1.05) | (2.24) | (0.73) | (0.95) | (0.95) | (1.01) | (0.77) | (0.83) | (2.82) | (0.26) |
| Capital Expenditures | -- | 0.01 | 0.01 | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | -- |
| Free Cash Flow* | -- | (1.64) | (1.17) | (1.87) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (2.82) | -- |
| Investing Cash Flow | (0.05) | (0.04) | (0.04) | (0.04) | (0.08) | (0.06) | (0.10) | (0.09) | (0.06) | (0.03) | (0.01) | (0.06) | (0.01) | (0.05) | (0.01) | 0.01 | (0.13) |
| Financing Cash Flow | 9.68 | 2.34 | (0.28) | -0.00 | 16.89 | 0.13 | 1.30 | 0.19 | 3.41 | 1.63 | 0.52 | 1.17 | 0.00 | (0.37) | 0.00 | 6.55 | 0.00 |
* Derived from reported values
