Financial Statements — AIRG
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 | 7.13 | 7.09 | 7.68 | 7.40 | 7.35 | 8.42 | 7.17 | 9.99 | 9.27 | 9.84 | 9.19 | 9.45 | 18.66 | 18.95 | 20.24 | 21.46 |
| Accounts Receivable | 11.27 | 12.89 | 11.83 | 11.37 | 11.80 | 8.64 | 9.64 | 6.27 | 8.63 | 8.15 | 9.45 | 9.82 | 8.18 | 10.35 | 11.64 | 9.85 |
| Inventory | 4.07 | 3.66 | 3.72 | 3.76 | 2.62 | 3.14 | 2.59 | 3.95 | 4.80 | 4.48 | 9.35 | 8.62 | 8.72 | 6.55 | 4.55 | 2.41 |
| Total Current Assets | 23.84 | 25.24 | 24.55 | 24.03 | 23.27 | 21.31 | 20.82 | 22.25 | 24.38 | 24.20 | 29.99 | 29.72 | 37.00 | 37.35 | 38.20 | 35.67 |
| Property, Plant & Equipment | 1.59 | 1.72 | 1.80 | 1.91 | 2.13 | 2.22 | 2.31 | 2.45 | 2.54 | 2.68 | 2.82 | 2.95 | 2.65 | 2.70 | 2.77 | 2.47 |
| Goodwill | 10.85 | 10.85 | 10.85 | 10.85 | 10.85 | 10.85 | 10.85 | 10.85 | 10.85 | 10.85 | 10.85 | 10.85 | 10.85 | 10.85 | 10.85 | 10.85 |
| Intangible Assets | 3.00 | 3.63 | 4.22 | 5.01 | 6.01 | 6.75 | 7.49 | 8.98 | 9.72 | 10.46 | 11.96 | 12.72 | 13.47 | 14.99 | 15.75 | 16.52 |
| Total Non-current Assets* | 19.55 | 1.72 | 1.80 | 1.91 | 2.13 | 2.22 | 2.31 | 2.45 | 2.54 | 2.68 | 2.82 | 2.95 | 2.65 | 2.70 | 2.77 | 2.47 |
| Total Assets | 43.39 | 45.54 | 45.52 | 46.12 | 43.25 | 42.44 | 42.80 | 46.30 | 49.51 | 50.42 | 58.29 | 59.05 | 67.00 | 69.19 | 71.14 | 69.36 |
| Accounts Payable | 7.07 | 7.94 | 7.06 | 7.87 | 7.44 | 5.84 | 7.16 | 5.43 | 5.66 | 6.74 | 7.83 | 7.06 | 7.04 | 5.89 | 6.11 | 4.85 |
| Total Current Liabilities | 11.51 | 11.83 | 11.79 | 11.40 | 12.10 | 10.31 | 11.65 | 9.51 | 11.21 | 10.66 | 14.37 | 14.73 | 21.86 | 19.04 | 18.99 | 9.51 |
| Total Non-current Liabilities* | 3.87 | 3.98 | 3.95 | 4.39 | 0.34 | 0.54 | 0.63 | 1.02 | 1.23 | 1.46 | 1.91 | 2.06 | 2.32 | 2.38 | 2.57 | 9.46 |
| Total Liabilities | 15.38 | 15.81 | 15.74 | 15.79 | 12.44 | 10.85 | 12.29 | 10.54 | 12.43 | 12.12 | 16.28 | 16.80 | 24.17 | 21.42 | 21.56 | 18.96 |
| Retained Earnings | (95.53) | (91.19) | (90.23) | (88.75) | (85.25) | (83.49) | (80.98) | (73.04) | (71.16) | (68.95) | (62.87) | (61.57) | (59.95) | (52.79) | (49.72) | (47.11) |
| Total Stockholder Equity | 28.02 | 29.74 | 29.79 | 30.33 | 30.81 | 31.59 | 30.51 | 35.77 | 37.08 | 38.30 | 42.01 | 42.25 | 42.82 | 47.77 | 49.59 | 50.40 |
* 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 | 11.51 | 12.13 | 14.02 | 13.62 | 12.01 | 15.08 | 16.10 | 15.18 | 14.23 | 10.07 | 13.70 | 15.83 | 16.44 | 19.89 | 19.20 | 19.29 | 17.52 | 14.14 | 15.46 | 17.30 |
| Cost of Revenue | 6.54 | 0.00 | 0.10 | 0.00 | 0.10 | 0.28 | 0.10 | 0.10 | 0.02 | 0.10 | 0.10 | 0.10 | 0.10 | 0.11 | 0.08 | 0.16 | 0.16 | 0.34 | 9.91 | 10.00 |
| Gross Profit | 4.97 | 5.44 | 6.11 | 5.84 | 5.16 | 6.36 | 6.71 | 6.15 | 5.58 | 2.93 | 5.24 | 6.28 | 6.32 | 5.88 | 7.44 | 7.49 | 7.16 | 4.87 | 5.55 | 7.30 |
| Research & Development | 2.25 | 2.35 | 2.14 | 2.55 | 2.50 | 2.77 | 2.86 | 3.12 | 3.12 | 3.17 | 2.30 | 2.59 | 2.45 | 2.24 | 2.90 | 2.96 | 3.24 | 2.79 | 2.70 | 2.73 |
| Selling, General & Admin | 2.51 | 3.21 | 2.79 | 2.87 | 3.29 | 3.27 | 3.28 | 3.19 | 2.93 | 3.00 | 3.14 | 3.60 | 3.79 | 4.30 | 3.00 | 3.26 | 3.49 | 3.36 | 3.31 | 3.26 |
| Total Operating Expenses | 7.09 | 7.86 | 7.08 | 7.84 | 8.26 | 8.34 | 8.53 | 8.65 | 8.21 | 8.42 | 7.15 | 8.49 | 9.11 | 9.16 | 8.71 | 9.11 | 9.58 | 9.33 | 8.59 | 10.03 |
| Operating Income | (2.11) | (2.42) | (0.97) | (2.00) | (3.10) | (1.98) | (1.81) | (2.50) | (2.63) | (5.49) | (1.91) | (2.21) | (2.79) | (3.28) | (1.26) | (1.61) | (2.43) | (4.46) | (3.05) | (2.73) |
| Pretax Income | (1.82) | (2.42) | (0.95) | (1.46) | (1.52) | (1.97) | (1.80) | (2.48) | (2.59) | (5.44) | (1.88) | (2.21) | (2.78) | (3.27) | (1.25) | (1.62) | (2.44) | (4.48) | (3.04) | (2.74) |
| Tax Provision | 0.07 | 0.03 | 0.01 | 0.01 | 0.02 | (0.01) | (0.04) | 0.03 | (0.14) | 0.04 | 0.00 | 0.00 | 0.08 | 0.05 | (0.05) | -0.00 | 0.09 | 0.17 | 0.03 | (0.13) |
| Net Income | (1.90) | (2.44) | (0.96) | (1.47) | (1.55) | (1.96) | (1.76) | (2.51) | (2.45) | (5.48) | (1.88) | (2.20) | (2.86) | (3.22) | (1.30) | (1.62) | (2.52) | (4.65) | (3.07) | (2.61) |
| Basic EPS | (0.15) | (0.21) | (0.08) | (0.12) | (0.13) | (0.17) | (0.16) | (0.23) | (0.23) | (0.53) | (0.18) | (0.21) | (0.28) | (0.31) | (0.13) | (0.16) | (0.25) | (0.47) | (0.30) | (0.26) |
| Diluted EPS | (0.15) | (0.21) | (0.08) | (0.12) | (0.13) | (0.17) | (0.16) | (0.23) | (0.23) | (0.53) | (0.18) | (0.21) | (0.28) | (0.31) | (0.13) | (0.16) | (0.25) | (0.47) | (0.30) | (0.26) |
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 | (0.76) | 0.19 | (0.41) | 0.13 | (1.02) | (0.03) | (1.18) | (1.20) | (1.12) | (1.94) | 0.64 | (0.57) | (1.43) | 2.36 | 0.10 | (2.17) | 4.15 | (4.25) | (1.34) | (1.66) |
| Capital Expenditures | 0.06 | 0.10 | 0.01 | 0.02 | 0.04 | 0.00 | 0.03 | 0.09 | 0.06 | 0.17 | 0.07 | 0.02 | 0.09 | 0.13 | 0.46 | 0.05 | 0.13 | 0.19 | 0.13 | 0.35 |
| Free Cash Flow* | (0.81) | 0.09 | (0.42) | 0.11 | (1.07) | (0.03) | (1.21) | (1.29) | (1.18) | (2.11) | 0.57 | (0.58) | (1.52) | 2.23 | (0.36) | (2.22) | 4.02 | (4.44) | (1.47) | (2.01) |
| Investing Cash Flow | (0.14) | (0.10) | (0.23) | (0.02) | (0.04) | -0.00 | (0.03) | (0.09) | (0.06) | (0.17) | (0.07) | (0.01) | (0.09) | (0.13) | (0.46) | (0.04) | (0.13) | (0.19) | (0.13) | (0.35) |
| Financing Cash Flow | 0.72 | 0.17 | 0.07 | 0.16 | (0.04) | 1.20 | 0.09 | 2.54 | 0.47 | 0.00 | 0.07 | 0.02 | (0.54) | 0.48 | 0.10 | (7.00) | 0.12 | 0.00 | 0.19 | 0.79 |
* Derived from reported values
