Financial Statements — ALT
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 | 97.60 | 61.24 | 183.11 | 49.10 | 31.47 | 57.13 | 78.98 | 86.86 | 102.35 | 104.69 | 127.47 | 135.86 | 179.95 | 174.86 | 174.10 | 149.93 |
| Short-term Investments | 233.94 | 149.54 | -- | 100.72 | 107.91 | 107.78 | 103.05 | 53.92 | 57.60 | 61.04 | 74.36 | 48.90 | -- | 25.02 | 43.72 | 76.57 |
| Total Current Assets | 334.68 | 216.62 | 188.42 | 155.26 | 145.76 | 171.19 | 187.52 | 152.96 | 169.53 | 173.11 | 211.00 | 195.50 | 191.09 | 218.26 | 238.62 | 245.19 |
| Property, Plant & Equipment | 0.21 | 0.34 | 0.36 | 0.38 | 0.45 | 0.48 | 0.54 | 0.77 | 0.88 | 1.01 | 1.17 | 1.24 | 1.34 | 4.72 | 4.75 | 5.20 |
| Intangible Assets | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 12.42 | 12.42 | 12.42 | 0.57 | 0.54 | 0.46 |
| Total Non-current Assets* | 0.95 | 1.83 | 1.93 | 2.00 | 2.11 | 2.16 | 0.84 | 13.61 | 13.78 | 13.97 | 14.27 | 14.40 | 14.57 | 18.64 | 18.64 | 19.06 |
| Total Assets | 335.63 | 218.45 | 190.35 | 157.26 | 147.86 | 173.35 | 188.36 | 166.57 | 183.32 | 187.08 | 225.28 | 209.91 | 205.66 | 236.91 | 257.26 | 264.25 |
| Accounts Payable | 1.53 | 4.80 | 0.85 | 1.08 | 1.13 | 2.69 | 3.76 | 3.05 | 4.04 | 5.24 | 1.42 | 2.87 | 2.21 | 0.01 | 1.42 | 0.42 |
| Total Current Liabilities | 11.32 | 12.61 | 9.22 | 9.80 | 8.64 | 15.16 | 11.33 | 11.87 | 11.44 | 14.95 | 15.74 | 13.85 | 19.12 | 19.13 | 9.10 | 9.82 |
| Long-term Debt | 34.51 | 14.45 | 14.33 | -- | -- | -- | -- | 4.31 | 4.17 | 4.40 | 4.51 | 1.53 | 1.67 | 1.57 | 1.62 | 1.72 |
| Total Non-current Liabilities* | 40.32 | 20.24 | 19.76 | 5.30 | 5.85 | 5.66 | 4.09 | 4.31 | 4.17 | 4.40 | 4.51 | 1.53 | 1.67 | 8.52 | 6.89 | 7.99 |
| Total Liabilities | 51.64 | 32.85 | 28.98 | 15.10 | 14.49 | 20.82 | 15.42 | 16.18 | 15.60 | 19.35 | 20.25 | 15.37 | 20.79 | 27.64 | 15.98 | 17.81 |
| Retained Earnings | (672.05) | (622.12) | (603.11) | (580.96) | (538.21) | (515.36) | (490.72) | (434.69) | (414.02) | (397.96) | (356.22) | (332.71) | (312.60) | (269.28) | (235.77) | (210.94) |
| Total Stockholder Equity | 283.99 | 185.60 | 161.37 | 142.16 | 133.38 | 152.53 | 172.94 | 150.40 | 167.71 | 167.73 | 205.03 | 194.54 | 184.87 | 209.26 | 241.28 | 246.44 |
* 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 | -- | 0.03 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.04 | 0.36 | 0.01 | 0.02 | (0.11) | 0.00 | 0.01 | 0.03 | 3.28 | 0.16 | 0.14 |
| Research & Development | 16.19 | 18.41 | 14.96 | 17.24 | 15.83 | 19.78 | 19.80 | 21.16 | 21.49 | 16.91 | 18.39 | 13.25 | 17.25 | 19.18 | 20.26 | 15.99 | 15.10 | 20.19 | 29.21 | 13.27 |
| Selling, General & Admin | 8.05 | 10.51 | 5.90 | 5.69 | 5.99 | 5.09 | 4.97 | 5.60 | 5.31 | 4.33 | 4.51 | 4.76 | 4.53 | 3.81 | 4.49 | 4.41 | 4.43 | 3.78 | 4.16 | 3.66 |
| Total Operating Expenses | 24.24 | 28.92 | 20.86 | 22.93 | 21.82 | 24.87 | 24.77 | 26.75 | 26.80 | 33.66 | 22.90 | 18.01 | 21.78 | 22.98 | 24.75 | 20.40 | 19.53 | 27.26 | 33.36 | 25.00 |
| Operating Income | (24.24) | (28.89) | (20.86) | (22.92) | (21.81) | (24.87) | (24.77) | (26.74) | (26.79) | (33.62) | (22.54) | (18.01) | (21.76) | (23.09) | (24.75) | (20.39) | (19.50) | (23.98) | (33.20) | (24.86) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.03 | 0.00 | 0.00 | (0.18) | 0.06 | 0.07 | 0.06 | (0.06) | 0.03 | 0.02 |
| Pretax Income | (22.56) | (27.36) | (19.01) | (22.15) | (20.26) | (23.18) | -- | -- | -- | (31.64) | (20.67) | -- | -- | (21.66) | (23.71) | -- | -- | (23.89) | (33.51) | (24.83) |
| Tax Provision | -- | 0.00 | 0.00 | 0.00 | (0.68) | -- | 0.00 | 0.00 | 0.00 | -- | -- | 0.00 | 0.00 | 0.00 | (0.20) | 0.00 | -- | -- | 0.00 | 0.00 |
| Net Income | (22.56) | (27.36) | (19.01) | (22.15) | (19.57) | (23.18) | (22.84) | (24.64) | (24.39) | (31.64) | (20.67) | (16.06) | (20.07) | (21.66) | (23.52) | (20.11) | (19.43) | (23.89) | (33.51) | (24.83) |
| Basic EPS | (0.18) | (0.26) | (0.21) | (0.27) | (0.26) | (0.33) | (0.32) | (0.35) | (0.34) | (0.55) | (0.39) | (0.32) | (0.40) | (0.47) | (0.48) | (0.42) | (0.44) | (0.56) | (0.81) | -- |
| Diluted EPS | (0.18) | (0.26) | (0.21) | (0.27) | (0.26) | (0.33) | (0.32) | (0.35) | (0.34) | (0.56) | (0.39) | (0.32) | (0.39) | (0.47) | (0.48) | (0.42) | (0.44) | (0.56) | (0.81) | -- |
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 | (20.94) | (19.45) | (11.90) | (19.35) | (16.84) | (18.26) | (27.12) | (18.11) | (16.36) | (16.53) | (20.49) | (19.38) | (19.41) | (17.31) | (15.05) | (16.70) | (13.53) | (21.97) | (17.78) | (18.93) |
| Capital Expenditures | 0.02 | 0.00 | 0.00 | 0.01 | -- | -- | -- | -- | -- | 0.00 | 0.00 | -0.00 | 0.05 | 0.04 | 0.06 | 0.02 | 0.01 | 0.15 | 0.07 | 7.69 |
| Free Cash Flow* | (20.96) | (19.45) | (11.90) | (19.36) | -- | -- | -- | -- | -- | (16.53) | (20.49) | (19.38) | (19.46) | (17.34) | (15.11) | (16.72) | (13.53) | (22.11) | (17.85) | (26.62) |
| Investing Cash Flow | (3.69) | (79.16) | (149.32) | 101.11 | (5.10) | 13.63 | 1.20 | (3.70) | (39.52) | (7.96) | 4.40 | 3.99 | 13.30 | 0.98 | (25.40) | (48.97) | (0.01) | 24.87 | 18.41 | 25.08 |
| Financing Cash Flow | 78.47 | 81.13 | 39.35 | 52.24 | 34.12 | 10.09 | 0.27 | (0.05) | (0.26) | 72.75 | 0.59 | 13.07 | (0.30) | (0.04) | 32.06 | 21.58 | 3.18 | 12.54 | 0.12 | 18.02 |
* Derived from reported values
