Financial Statements — APYX
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 | 31.14 | 25.14 | 29.30 | 31.01 | 28.01 | 32.68 | 37.28 | 22.13 | 18.48 | 16.26 | 14.83 | 20.06 | 26.23 | 30.90 | 34.67 | 39.54 |
| Accounts Receivable | 12.76 | 13.00 | 11.25 | 11.65 | 13.04 | 12.71 | 12.49 | 12.65 | 12.07 | 9.97 | 9.09 | 10.34 | 12.36 | 11.44 | 8.99 | 7.68 |
| Inventory | 9.54 | 9.15 | 8.19 | 7.69 | 9.00 | 9.32 | 9.80 | 11.29 | 11.17 | 10.95 | 12.04 | 9.68 | 7.02 | 6.04 | 5.27 | 4.46 |
| Total Current Assets | 54.80 | 48.79 | 49.92 | 51.85 | 52.16 | 56.67 | 61.93 | 50.15 | 52.89 | 52.68 | 46.31 | 50.53 | 54.81 | 59.88 | 61.58 | 63.04 |
| Property, Plant & Equipment | 2.24 | 2.39 | 2.05 | 1.91 | 1.91 | 1.92 | 1.78 | 2.09 | 2.12 | 2.11 | 6.81 | 6.84 | 6.66 | 6.41 | 6.47 | 6.60 |
| Total Non-current Assets* | 6.35 | 6.77 | 6.55 | 6.54 | 8.56 | 8.72 | 8.79 | 9.30 | 9.54 | 4.10 | 8.96 | 8.95 | 8.19 | 7.89 | 8.02 | 8.05 |
| Total Assets | 63.03 | 57.37 | 58.19 | 60.16 | 60.72 | 65.39 | 70.71 | 59.45 | 62.43 | 56.78 | 55.27 | 59.47 | 63.00 | 67.77 | 69.60 | 71.10 |
| Accounts Payable | 2.63 | 3.22 | 2.89 | 2.31 | 1.91 | 2.35 | 2.10 | 2.05 | 2.66 | 1.91 | 2.07 | 2.59 | 2.56 | 3.04 | 2.80 | 2.28 |
| Total Current Liabilities | 9.45 | 10.98 | 10.57 | 9.51 | 9.56 | 10.64 | 10.56 | 10.29 | 19.03 | 18.53 | 11.19 | 11.35 | 11.60 | 11.71 | 10.75 | 9.73 |
| Long-term Debt | 37.50 | 37.50 | 37.50 | 37.50 | 37.50 | 33.63 | 33.41 | 9.01 | 8.89 | 8.78 | -- | -- | -- | -- | -- | -- |
| Total Non-current Liabilities* | 40.49 | 40.31 | 40.17 | 40.01 | 39.97 | 39.83 | 39.70 | 15.57 | 6.67 | 2.04 | 1.86 | 1.96 | 1.55 | 1.40 | 1.17 | 1.20 |
| Total Liabilities | 49.94 | 51.29 | 50.73 | 49.52 | 49.52 | 50.47 | 50.25 | 25.86 | 25.70 | 20.57 | 13.05 | 13.31 | 13.15 | 13.11 | 11.92 | 10.93 |
| Retained Earnings | (91.23) | (87.82) | (85.84) | (82.06) | (73.28) | (68.58) | (62.02) | (44.84) | (40.21) | (39.22) | (29.69) | (23.92) | (18.50) | (10.55) | (6.33) | (2.28) |
| Total Stockholder Equity | 12.83 | 5.85 | 7.25 | 10.51 | 11.04 | 14.75 | 20.25 | 33.35 | 36.60 | 36.05 | 41.99 | 45.91 | 49.56 | 54.35 | 57.36 | 60.04 |
* 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 | 12.49 | 19.16 | 12.88 | 11.37 | 9.43 | 14.22 | 11.49 | 12.15 | 10.24 | 14.66 | 11.98 | 13.57 | 12.14 | 12.61 | 9.11 | 10.29 | 12.49 | 16.82 | 11.83 | 11.22 |
| Cost of Revenue | 4.57 | 7.17 | 4.58 | 4.29 | 3.77 | 5.26 | 4.53 | 4.66 | 4.30 | 5.73 | 4.00 | 4.29 | 4.57 | 4.37 | 3.36 | 3.38 | 4.27 | 4.67 | 3.78 | 3.69 |
| Gross Profit | 7.93 | 12.00 | 8.30 | 7.08 | 5.67 | 8.96 | 6.95 | 7.49 | 5.95 | 8.93 | 7.98 | 9.28 | 7.57 | 8.24 | 5.76 | 6.91 | 8.22 | 12.15 | 8.06 | 7.53 |
| Research & Development | 0.77 | 0.94 | 0.80 | 0.82 | 0.80 | 1.12 | 1.14 | 1.42 | 1.40 | 1.25 | 1.28 | 1.20 | 1.12 | 1.25 | 1.06 | 1.07 | 1.16 | 0.95 | 1.18 | 1.08 |
| Selling, General & Admin | 3.58 | 4.63 | 3.66 | 4.14 | 3.38 | 4.83 | 4.29 | 4.84 | 4.90 | 6.72 | 4.84 | 5.38 | 5.26 | 5.81 | 4.67 | 4.54 | 5.47 | 6.02 | 4.61 | 4.26 |
| Total Operating Expenses | 8.84 | 11.99 | 9.13 | 9.66 | 8.72 | 12.01 | 10.59 | 13.04 | 12.56 | 14.71 | 12.62 | 13.21 | 13.18 | 14.17 | 11.54 | 12.89 | 14.09 | 13.84 | 12.02 | 11.58 |
| Operating Income | (0.91) | 0.01 | (0.83) | (2.57) | (3.05) | (3.05) | (3.63) | (5.55) | (6.61) | (5.78) | (4.64) | (1.24) | (5.61) | (5.93) | (5.78) | (5.98) | (5.87) | (1.69) | (3.97) | (4.04) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | 1.43 | 1.40 | 1.12 | 0.59 | 0.54 | 0.23 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 |
| Pretax Income | (2.00) | (1.15) | (1.88) | (3.69) | (4.12) | (4.57) | (4.66) | (6.54) | (7.54) | (9.54) | (4.99) | (0.95) | (5.80) | (5.91) | (5.74) | (5.35) | (5.90) | (1.88) | (4.16) | (3.94) |
| Tax Provision | 0.14 | 0.09 | 0.08 | 0.05 | 0.05 | 0.09 | 0.06 | 0.05 | 0.05 | 0.09 | (0.32) | 0.07 | (2.27) | 0.15 | 0.05 | 0.10 | 0.07 | 0.13 | 0.07 | 0.11 |
| Net Income | (2.11) | (1.30) | (1.98) | (3.78) | (4.15) | (4.63) | (4.70) | (6.56) | (7.58) | (9.61) | (4.63) | (0.99) | (3.48) | (6.05) | (5.76) | (5.43) | (5.94) | (2.00) | (4.22) | (4.05) |
| Basic EPS | (0.05) | (0.03) | (0.05) | (0.09) | (0.10) | (0.11) | (0.14) | (0.19) | (0.22) | (0.28) | (0.13) | (0.03) | (0.10) | (0.17) | (0.17) | (0.16) | (0.17) | (0.06) | (0.12) | (0.12) |
| Diluted EPS | -- | -- | -- | -- | -- | -- | -- | (0.19) | (0.22) | (0.28) | (0.13) | (0.03) | (0.10) | (0.17) | (0.17) | (0.16) | (0.17) | (0.06) | (0.12) | (0.12) |
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 | (0.57) | (2.53) | (3.54) | (1.23) | (0.70) | (2.94) | (4.44) | (4.33) | (6.34) | (2.21) | 3.70 | (4.85) | (1.88) | (4.53) | (5.36) | (5.87) | (4.52) | 0.21 | (3.60) | (5.01) |
| Capital Expenditures | 0.06 | 0.28 | 0.52 | 0.27 | 0.06 | 0.25 | 0.15 | 0.29 | 0.04 | 0.09 | 0.17 | 0.16 | 0.11 | 0.14 | 0.19 | 0.40 | 0.28 | 0.33 | 0.17 | 0.03 |
| Free Cash Flow* | (0.63) | (2.80) | (4.05) | (1.50) | (0.76) | (3.18) | (4.59) | (4.62) | (6.38) | (2.31) | 3.52 | (5.01) | (1.99) | (4.67) | (5.55) | (6.27) | (4.80) | (0.12) | (3.77) | (5.03) |
| Investing Cash Flow | (0.06) | (0.28) | (0.52) | (0.26) | (0.05) | (0.24) | (0.15) | (0.29) | (0.04) | (0.09) | (0.17) | 7.11 | (0.11) | (0.14) | (0.19) | (0.40) | (0.28) | (0.33) | (0.17) | (0.03) |
| Financing Cash Flow | 0.08 | 9.49 | 0.05 | 0.03 | 0.03 | 6.76 | -0.00 | -0.00 | -0.00 | 23.84 | 0.16 | 0.05 | 8.11 | (0.01) | 0.13 | 0.00 | 0.10 | (0.04) | (0.03) | 0.16 |
* Derived from reported values
