Financial Statements — ARTL
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 | 10.27 | 1.72 | 2.07 | 0.75 | 4.36 | 0.88 | 1.20 | 2.64 | 5.72 | 6.92 | 7.14 | 12.12 | 10.35 | 10.05 | 10.71 | 7.39 |
| Short-term Investments | -- | 0.00 | 0.00 | 0.00 | 0.50 | 4.72 | 6.41 | 10.23 | 8.27 | 8.57 | -- | -- | 11.95 | 0.00 | 0.51 | -- |
| Total Current Assets | 10.42 | 1.83 | 2.23 | 1.38 | 4.99 | 6.17 | 8.19 | 13.43 | 14.60 | 16.39 | 20.30 | 22.28 | 24.59 | 10.30 | 11.41 | 7.50 |
| Property, Plant & Equipment | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 |
| Intangible Assets | 2.04 | 2.04 | 2.04 | 2.04 | 2.04 | 2.04 | 2.04 | 2.04 | 2.04 | 2.04 | 2.04 | 2.04 | 2.04 | 2.04 | 2.04 | 2.04 |
| Total Non-current Assets* | 2.10 | 2.44 | 2.12 | 2.13 | 2.15 | 2.16 | 2.17 | 2.07 | 2.28 | 2.09 | 2.11 | 2.12 | 2.12 | 2.04 | 2.04 | 2.04 |
| Total Assets | 12.52 | 4.27 | 4.36 | 3.52 | 7.14 | 8.33 | 10.35 | 15.50 | 16.88 | 18.48 | 22.42 | 24.41 | 26.70 | 12.34 | 13.44 | 9.54 |
| Accounts Payable | 4.04 | 3.87 | 4.84 | 2.51 | 0.63 | 0.86 | 0.61 | 0.84 | 0.52 | 0.70 | 0.41 | 0.43 | 0.80 | -- | -- | -- |
| Total Current Liabilities | 5.83 | 4.86 | 5.71 | 2.80 | 0.70 | 0.94 | 0.72 | 0.92 | 0.60 | 0.83 | 0.48 | 0.53 | 0.88 | 0.42 | 0.59 | 0.49 |
| Total Non-current Liabilities* | 0.02 | 0.04 | 0.05 | 0.06 | 0.08 | 0.09 | 0.10 | 0.00 | 0.01 | 0.02 | 0.03 | 0.04 | 0.05 | 0.00 | 0.00 | 0.00 |
| Total Liabilities* | 5.85 | 4.90 | 5.76 | 2.86 | 0.78 | 1.03 | 0.82 | 0.92 | 0.61 | 0.84 | 0.51 | 0.57 | 0.92 | 0.42 | 0.59 | 0.49 |
| Retained Earnings | (65.97) | (58.85) | (55.73) | (52.51) | (46.36) | (45.23) | (42.79) | (37.24) | (34.79) | (33.19) | (27.68) | (25.35) | (22.90) | (15.02) | (12.77) | (10.90) |
| Total Stockholder Equity | 6.67 | (0.63) | (1.41) | 0.65 | 6.36 | 7.30 | 9.54 | 14.58 | 16.27 | 17.64 | 21.90 | 23.84 | 25.78 | 11.92 | 12.86 | 9.05 |
* 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Research & Development | 0.77 | 0.89 | 1.27 | 1.87 | 1.38 | 2.48 | 0.33 | 1.69 | 1.51 | 2.12 | 1.59 | 0.75 | 1.24 | 1.73 | 1.08 | 1.06 | 0.46 | 0.63 | 0.95 | 0.66 |
| Selling, General & Admin | 1.92 | 1.89 | 1.81 | 1.28 | 1.00 | 1.34 | 0.87 | 0.83 | 1.08 | 1.12 | 1.03 | 1.03 | 1.06 | 1.75 | 1.32 | 1.42 | 1.48 | 1.04 | 1.07 | 1.01 |
| Total Operating Expenses | 2.69 | 2.79 | 3.09 | 3.15 | 2.38 | 3.81 | 1.20 | 2.51 | 2.59 | 3.24 | 2.61 | 1.78 | 2.29 | 3.48 | 2.39 | 2.47 | 1.95 | 1.89 | 2.25 | 1.87 |
| Operating Income | (2.69) | (2.79) | (3.09) | (3.15) | (2.38) | (3.81) | (1.19) | (2.51) | (2.59) | (3.24) | (2.61) | (1.78) | (2.29) | (3.48) | (2.39) | (2.47) | (1.95) | (1.89) | (2.25) | (1.87) |
| Interest Expense | 0.10 | 0.01 | 0.11 | 0.07 | -- | -- | -- | -- | -- | 0.00 | 0.00 | -- | -- | 0.00 | 0.01 | -- | -- | -- | -- | -- |
| Pretax Income* | -- | (4.17) | (3.12) | (3.22) | (2.37) | (3.78) | (1.13) | (2.43) | (2.48) | (3.07) | (2.45) | (1.60) | (2.17) | (3.34) | (2.33) | (2.45) | (1.96) | -- | -- | -- |
| 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 | 0.00 | -- | -- | -- |
| Net Income | (2.96) | (4.17) | (3.12) | (3.22) | (2.37) | (3.78) | (1.13) | (2.43) | (2.48) | (3.07) | (2.45) | (1.60) | (2.17) | (3.34) | (2.33) | (2.45) | (1.96) | (1.89) | (2.25) | (1.87) |
| Diluted EPS | (4.00) | (2.22) | (3.97) | (5.61) | (0.72) | (1.17) | (0.35) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
* 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 | (1.19) | (2.91) | (3.50) | (0.51) | (1.60) | (2.57) | (0.78) | (2.06) | (2.94) | (2.60) | (1.80) | (1.62) | (2.19) | (2.29) | (1.70) | (1.97) | (2.05) | (1.54) | (1.78) | (1.50) |
| Capital Expenditures | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 |
| Free Cash Flow* | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (1.78) | (1.50) |
| Investing Cash Flow | -- | 0.19 | (0.25) | 0.00 | 0.00 | 0.50 | 4.25 | 1.75 | 1.27 | 2.74 | (1.83) | 0.40 | 2.20 | 1.80 | (3.08) | 3.99 | 0.26 | -- | -- | (0.51) |
| Financing Cash Flow | 10.86 | 1.61 | 3.44 | 1.82 | 0.00 | 0.06 | 0.00 | 0.00 | 0.06 | 0.03 | 0.54 | 0.00 | -- | 0.13 | 0.00 | (0.13) | 0.00 | 1.60 | 0.62 | 5.32 |
* Derived from reported values