Financial Statements — AQB
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 | 0.44 | 0.95 | 0.73 | 1.37 | 0.50 | 0.73 | 2.59 | 16.77 | 42.84 | 72.78 | 127.01 | 118.89 | 75.51 | 118.18 | 132.35 | 210.90 |
| Short-term Investments | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 29.35 | 103.37 | 79.63 | 71.69 | -- |
| Accounts Receivable | -- | 0.00 | 2.47 | 0.88 | 0.53 | 0.05 | 1.03 | 0.61 | -- | -- | -- | -- | -- | -- | -- | -- |
| Inventory | -- | -- | -- | -- | 0.47 | 0.12 | 0.47 | 1.94 | 2.35 | 2.38 | 2.10 | 1.92 | 1.68 | 1.22 | 2.66 | 2.11 |
| Total Current Assets | 10.23 | 1.48 | 3.95 | 6.72 | 37.34 | 36.74 | 4.33 | 22.43 | 48.57 | 77.44 | 133.15 | 154.61 | 182.25 | 200.23 | 207.98 | 213.48 |
| Property, Plant & Equipment | -- | 22.67 | 22.67 | 22.67 | 80.19 | 90.23 | 170.34 | 168.66 | 160.17 | 127.36 | 88.00 | 63.98 | 37.83 | 30.01 | 29.16 | 27.90 |
| Intangible Assets | -- | -- | -- | -- | 0.19 | 0.20 | 0.20 | 0.21 | 0.21 | 0.21 | 0.22 | 0.22 | 0.23 | 0.24 | 0.24 | 0.24 |
| Total Non-current Assets* | 0.02 | 22.70 | 22.71 | 22.71 | 80.44 | 90.70 | 171.86 | 170.12 | 161.64 | 128.84 | 89.53 | 65.53 | 39.40 | 31.12 | 30.29 | 29.06 |
| Total Assets | 10.25 | 24.17 | 26.65 | 29.43 | 117.79 | 127.44 | 176.18 | 192.55 | 210.22 | 206.29 | 222.69 | 220.14 | 221.65 | 231.35 | 238.27 | 242.54 |
| Accounts Payable | 0.23 | 3.07 | 3.32 | 10.08 | 11.75 | 12.88 | 13.11 | 9.90 | 20.88 | 10.84 | 15.54 | 6.88 | 2.91 | 1.95 | 1.98 | 1.56 |
| Total Current Liabilities | 8.59 | 11.93 | 13.03 | 12.45 | 12.38 | 18.70 | 16.79 | 11.38 | 24.23 | 13.92 | 17.06 | 8.41 | 4.15 | 2.64 | 2.55 | 2.00 |
| Long-term Debt | 3.79 | 7.91 | 8.51 | 1.09 | 5.65 | 10.49 | 8.36 | 8.57 | 8.89 | 8.95 | 8.38 | 8.86 | 9.14 | 9.37 | 9.35 | 9.08 |
| Total Non-current Liabilities* | 3.79 | 0.00 | 0.01 | 0.02 | 5.33 | 5.40 | 5.54 | 7.97 | 6.64 | 6.73 | 7.82 | 8.32 | 8.63 | 8.92 | 9.02 | 8.90 |
| Total Liabilities | 12.38 | 11.93 | 13.04 | 12.46 | 17.71 | 24.09 | 22.34 | 19.36 | 30.87 | 20.65 | 24.88 | 16.73 | 12.78 | 11.56 | 11.57 | 10.89 |
| Retained Earnings | (389.46) | (374.13) | (372.74) | (369.37) | (285.66) | (282.25) | (231.74) | (212.15) | (206.02) | (199.51) | (186.95) | (181.51) | (175.98) | (164.80) | (157.93) | (152.70) |
| Total Stockholder Equity | (2.13) | 12.24 | 13.61 | 16.97 | 100.07 | 103.34 | 153.85 | 173.19 | 179.34 | 185.64 | 197.81 | 203.41 | 208.87 | 219.80 | 226.70 | 231.64 |
* 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 | -- | -- | -- | -- | -- | -- | 0.05 | 0.18 | 0.48 | 0.55 | 0.73 | 0.79 | 0.40 | 0.45 | 0.65 | 1.07 | 0.96 | 0.42 | 0.46 | 0.23 |
| Research & Development | -- | -- | -- | -- | -- | (0.03) | 0.05 | 0.06 | 0.12 | 0.22 | 0.18 | 0.18 | 0.12 | 0.31 | 0.22 | 0.21 | 0.17 | 0.63 | 0.58 | 0.43 |
| Selling, General & Admin | 0.62 | (0.73) | 1.41 | 1.77 | 1.56 | 1.29 | 1.89 | 3.45 | 2.50 | 4.60 | 2.33 | 3.07 | 3.00 | 2.31 | 2.26 | 2.83 | 2.38 | 2.56 | 2.18 | 2.58 |
| Operating Income | (0.62) | 2.02 | (1.48) | (3.29) | (1.26) | (48.61) | (2.36) | (49.52) | (10.95) | (8.32) | (6.07) | (6.44) | (6.48) | (6.11) | (5.54) | (5.57) | (5.10) | (6.04) | (6.81) | (5.18) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | 0.21 | 0.11 | 0.06 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.08 | 0.08 | 0.08 | 0.08 |
| Pretax Income* | (1.20) | (14.14) | (1.38) | (3.37) | 0.40 | (84.12) | (3.40) | (50.51) | (11.16) | (8.42) | (6.14) | (6.51) | (6.49) | (6.07) | (5.44) | -- | -- | -- | -- | -- |
| 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 | -- | -- | -- | -- | -- |
| Net Income | (1.20) | (14.14) | (1.38) | (3.37) | 0.40 | (84.12) | (3.40) | (50.51) | (11.16) | (8.42) | (6.14) | (6.51) | (6.49) | (6.07) | (5.44) | (5.54) | (5.11) | (6.07) | (6.86) | (5.23) |
| Basic EPS | (0.26) | (3.64) | (0.36) | (0.87) | 0.10 | (21.79) | (0.88) | (13.08) | (2.90) | (5.39) | (1.60) | (0.09) | (0.09) | -- | -- | -- | -- | -- | -- | -- |
| Diluted EPS | (0.26) | (3.64) | (0.36) | (0.87) | 0.10 | (21.79) | (0.88) | (13.08) | (2.90) | (5.39) | (1.60) | (0.09) | (0.09) | -- | -- | -- | -- | -- | -- | -- |
* Derived from reported values
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 | (1.02) | (3.18) | (1.65) | (1.55) | (2.36) | (1.16) | (4.00) | (4.33) | (4.37) | (5.77) | (6.22) | (6.10) | (6.14) | (3.05) | (6.70) | (5.93) | (5.33) | (5.36) | (4.65) | (5.94) |
| Capital Expenditures | -- | -- | -- | -- | -- | 0.21 | 0.67 | 0.87 | 1.17 | 2.63 | 19.67 | 23.66 | 22.93 | 22.59 | 14.41 | 24.71 | 5.76 | 1.51 | 1.72 | 1.23 |
| Free Cash Flow* | -- | -- | -- | -- | -- | (1.38) | (4.68) | (5.20) | (5.54) | (8.41) | (25.89) | (29.76) | (29.07) | (25.65) | (21.11) | (30.64) | (11.09) | (6.87) | (6.38) | (7.17) |
| Investing Cash Flow | -- | 0.02 | 2.47 | 0.91 | 3.72 | 0.77 | 8.68 | (0.72) | (1.17) | (2.63) | (19.67) | (23.66) | (22.94) | (22.59) | 14.98 | 49.43 | (7.47) | (23.72) | (9.67) | (72.93) |
| Financing Cash Flow | 0.96 | 2.70 | (0.60) | 0.00 | (0.23) | 0.12 | (4.91) | 2.19 | (0.07) | (0.16) | (0.18) | (0.18) | 0.21 | 0.27 | (0.16) | (0.12) | (0.16) | (0.15) | 0.16 | 0.31 |
* Derived from reported values