Financial Statements — ADAG
Balance Sheet
(in millions USD)| Metric | Q2
2025 | Q2
2024 |
|---|
| Cash & Equivalents | 62.83 | 95.67 |
| Short-term Investments | 0.00 | 0.00 |
| Total Current Assets | 65.36 | 98.80 |
| Property, Plant & Equipment | 0.90 | 1.44 |
| Total Non-current Assets* | 1.15 | 1.98 |
| Total Assets | 66.52 | 100.78 |
| Accounts Payable | 3.63 | 3.37 |
| Short-term Debt | 6.64 | 15.97 |
| Total Current Liabilities | 28.52 | 39.52 |
| Long-term Debt | 0.42 | 4.56 |
| Total Non-current Liabilities* | 0.09 | 4.67 |
| Total Liabilities | 28.60 | 44.19 |
| Retained Earnings | (324.65) | (294.76) |
| Total Stockholder Equity | 37.91 | 56.59 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2
2025 | Q2
2024 |
|---|
| Total Revenue | -- | 17.30 |
| Research & Development | 12.02 | 14.72 |
| Selling, General & Admin | 3.67 | 3.60 |
| Operating Income | (15.69) | (18.32) |
| Interest Expense | -- | 0.43 |
| Pretax Income | (13.48) | (17.01) |
| Tax Provision | 0.00 | 0.00 |
| Net Income | (13.48) | (17.01) |
| Basic EPS | (0.23) | (0.31) |
| Diluted EPS | (0.23) | (0.31) |
Cash Flow Statement
(in millions USD)| Metric | Q2
2025 | Q2
2024 |
|---|
| Operating Cash Flow | (11.13) | (13.37) |
| Capital Expenditures | 0.00 | 0.01 |
| Free Cash Flow* | (11.13) | (13.39) |
| Investing Cash Flow | 0.24 | 0.45 |
| Financing Cash Flow | (11.60) | (1.44) |
* Derived from reported values
