Financial Statements — BGMS
Balance Sheet
(in millions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 3.34 | 3.84 | 4.28 | 3.45 | 2.98 | 2.80 | 5.94 | 6.00 | 11.44 | 23.71 | 29.08 | 29.64 | 40.22 | 43.64 | 47.78 |
| Accounts Receivable | 1.19 | 0.73 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Inventory | 0.95 | 1.37 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Assets | 5.62 | 6.44 | 4.38 | 3.71 | 4.91 | 4.84 | 11.11 | 7.71 | 18.97 | 27.92 | 32.08 | 36.58 | 43.38 | 46.20 | 50.46 |
| Property, Plant & Equipment | 0.14 | 0.13 | 0.00 | 0.00 | 0.00 | 0.01 | 0.02 | 0.01 | 0.03 | 0.04 | 0.05 | 0.06 | 0.07 | 0.07 | 0.17 |
| Goodwill | 1.57 | 1.57 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Assets* | 0.20 | 1.71 | 0.02 | 0.02 | 0.47 | 1.33 | 1.38 | 0.48 | 3.09 | 3.11 | 3.27 | 3.05 | 1.62 | 0.13 | 1.35 |
| Total Assets | 7.56 | 8.16 | 4.40 | 3.73 | 5.38 | 6.17 | 12.50 | 8.19 | 22.06 | 31.02 | 35.35 | 39.63 | 45.00 | 46.33 | 51.82 |
| Accounts Payable | 0.26 | 0.47 | 0.22 | 0.11 | 4.13 | 5.20 | 1.57 | 4.74 | 2.51 | 0.98 | 2.21 | 2.85 | 1.52 | 1.20 | 0.87 |
| Total Current Liabilities | 0.80 | 1.00 | 0.76 | 0.66 | 6.35 | 8.35 | 8.15 | 7.19 | 7.34 | 4.35 | 5.03 | 6.20 | 3.59 | 3.12 | 2.77 |
| Total Non-current Liabilities* | 0.01 | 0.06 | 0.01 | 0.01 | 0.00 | 0.02 | 0.05 | 0.01 | 0.08 | 0.11 | 0.11 | 0.02 | 0.04 | 0.00 | 1.00 |
| Total Liabilities | 0.80 | 1.06 | 0.77 | 0.67 | 6.35 | 8.37 | 8.20 | 7.19 | 7.42 | 4.46 | 5.14 | 6.22 | 3.64 | 3.12 | 3.77 |
| Retained Earnings | (454.61) | (444.26) | (441.78) | (440.46) | (436.44) | (431.23) | (423.01) | (434.48) | (411.96) | (398.74) | (393.64) | (389.07) | (379.66) | (374.68) | (369.55) |
| Total Stockholder Equity | 6.76 | 7.10 | 3.63 | 3.06 | (0.97) | (2.21) | 4.30 | 0.61 | 10.15 | 22.07 | 30.21 | 33.41 | 41.36 | 43.22 | 48.05 |
* 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 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Total Revenue | 0.78 | 0.67 | 0.08 | -- | -- | 0.00 | 0.01 | 0.03 | 0.03 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Research & Development | -- | (0.05) | 0.01 | 0.07 | 0.82 | 0.88 | 0.95 | 2.80 | 3.52 | 5.24 | 2.02 | 5.67 | 6.70 | 4.41 | 4.21 | 4.95 | 4.59 | 4.22 | 4.10 | 2.57 |
| Selling, General & Admin | 0.39 | 1.25 | 1.00 | 1.25 | 4.21 | 0.95 | 1.24 | 1.58 | 1.87 | 1.63 | 1.63 | 1.65 | 2.14 | 2.05 | 1.58 | 1.61 | 1.94 | 1.78 | 2.00 | 1.74 |
| Total Operating Expenses | 1.02 | 1.75 | 1.07 | 1.32 | 5.04 | 1.83 | 2.19 | 4.38 | 5.39 | 6.86 | 3.65 | 7.32 | 8.85 | 6.47 | 5.79 | 6.56 | -- | -- | -- | -- |
| Operating Income | (0.25) | (1.08) | (0.99) | (1.32) | (5.04) | (1.83) | (2.18) | (4.36) | (5.36) | (6.84) | (3.64) | (7.32) | (8.85) | (6.47) | (5.78) | (6.56) | (6.53) | (6.00) | (6.10) | (4.30) |
| Pretax Income | (0.17) | (0.61) | (0.99) | (1.32) | (0.08) | (1.86) | (2.17) | (4.30) | (5.69) | (6.70) | (3.67) | (7.12) | (9.00) | (6.11) | (5.56) | (5.25) | (6.49) | (5.98) | (6.09) | (4.16) |
| Tax Provision | 0.03 | 0.01 | 0.00 | 0.00 | -- | 1.19 | (0.21) | (1.35) | (0.42) | (0.67) | (0.41) | (1.32) | (1.58) | (1.01) | (0.98) | (1.14) | (1.20) | (1.00) | (0.96) | (0.69) |
| Net Income | (0.20) | (0.61) | (0.99) | (1.32) | (0.08) | (3.05) | (1.96) | (2.95) | (5.27) | (6.03) | (5.45) | (5.80) | (7.42) | (5.10) | (4.57) | (4.11) | (5.29) | (4.99) | (5.13) | (3.48) |
| Basic EPS | -- | (4.16) | (1.31) | (0.98) | 0.00 | 216.16 | -- | -- | -- | -- | (0.44) | (0.47) | (0.60) | (0.42) | (0.46) | (0.42) | (0.54) | -- | -- | -- |
| Diluted EPS | -- | (4.16) | (1.31) | (0.98) | 0.00 | 216.16 | -- | (2.27) | -- | -- | (0.44) | (0.47) | (0.60) | (0.42) | (0.46) | (0.42) | (0.54) | -- | -- | -- |
Cash Flow Statement
(in millions USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
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 | Q1
2021 |
|---|
| Operating Cash Flow | (0.28) | (0.03) | (0.43) | (1.06) | (3.25) | (1.36) | (6.63) | (0.48) | (3.91) | (8.63) | (3.57) | (6.86) | (5.17) | (6.97) | (1.91) | (6.77) | (4.55) | (6.21) | (4.21) | (3.57) |
| Capital Expenditures | 0.00 | -- | -- | -- | -- | -- | 0.00 | -- | 0.00 | 0.01 | (0.01) | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | (0.06) | 0.08 |
| Free Cash Flow* | (0.28) | -- | -- | -- | -- | -- | (6.63) | -- | (3.91) | (8.64) | (3.56) | (6.87) | (5.17) | (6.97) | (1.92) | (6.78) | (4.55) | (6.22) | (4.15) | (3.64) |
| Investing Cash Flow | -0.00 | -- | -- | -- | -- | -- | 0.00 | -- | 0.00 | (0.01) | 0.00 | (0.01) | 0.00 | 0.00 | -0.00 | -0.00 | -0.00 | (0.01) | 0.06 | (0.08) |
| Financing Cash Flow | 0.11 | (0.26) | -0.00 | 1.88 | 3.65 | 1.61 | 6.21 | (0.08) | 1.00 | (0.15) | 6.21 | (0.05) | 0.04 | 1.53 | 1.47 | (0.05) | 0.89 | 2.90 | (0.05) | 18.00 |
* Derived from reported values
