Financial Statements — BNCWZ
Balance Sheet
(in millions USD)| Metric | Q3
2026 | Q2
2026 | Q1
2026 | 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 | 11.32 | 32.54 | 3.02 | 8.71 | 10.30 | 11.33 | 11.60 | 13.34 | 14.20 | 15.95 | 21.08 | 20.61 | 22.03 | 2.28 | 1.64 | 3.27 |
| Accounts Receivable | -- | -- | -- | 0.06 | 0.07 | 0.03 | 0.02 | 0.27 | 0.29 | 0.06 | 0.08 | 0.14 | 0.19 | 0.03 | 0.23 | 0.03 |
| Inventory | 3.86 | 3.49 | 3.37 | 0.02 | 0.02 | 0.02 | 0.25 | 0.32 | 0.40 | 0.44 | 0.61 | 0.40 | 1.01 | 0.48 | 0.44 | 0.52 |
| Total Current Assets | 22.46 | 58.09 | 7.30 | 9.20 | 11.04 | 12.22 | 12.32 | 14.25 | 15.41 | 16.92 | 22.88 | 24.12 | 25.06 | 3.95 | 4.31 | 5.88 |
| Property, Plant & Equipment | 0.27 | 0.27 | 0.30 | 0.00 | 0.01 | 0.01 | 0.02 | 0.05 | 0.05 | 0.06 | 0.08 | 0.08 | 0.08 | 0.10 | 0.12 | 0.14 |
| Goodwill | 4.17 | 4.03 | 4.22 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.63 | 0.63 | 0.63 | 0.63 |
| Intangible Assets | 4.92 | 0.21 | 0.08 | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 |
| Total Non-current Assets | 414.32 | 558.37 | 11.83 | 0.24 | 0.30 | 0.33 | 0.36 | 0.45 | 0.48 | 0.51 | 0.58 | 0.62 | 1.27 | 0.96 | 1.02 | 1.08 |
| Total Assets | 436.77 | 616.46 | 19.13 | 9.44 | 11.34 | 12.55 | 12.68 | 14.70 | 15.89 | 17.44 | 23.46 | 24.74 | 26.32 | 4.91 | 5.33 | 6.96 |
| Accounts Payable | 6.28 | 5.51 | 2.99 | 0.51 | 0.36 | 0.89 | 0.36 | 0.57 | 0.80 | 1.16 | 2.26 | 1.04 | 1.39 | 1.67 | 1.91 | 1.79 |
| Total Current Liabilities | 8.57 | 11.25 | 8.31 | 1.13 | 0.97 | 1.41 | 1.03 | 1.17 | 1.55 | 2.39 | 6.91 | 7.18 | 7.11 | 5.12 | 6.37 | 8.23 |
| Total Non-current Liabilities | 63.32 | 120.33 | 3.92 | 0.10 | 0.17 | 0.20 | 0.23 | 0.29 | 0.32 | 0.35 | 0.41 | 0.43 | 0.46 | 0.55 | 0.60 | 0.66 |
| Total Liabilities | 71.89 | 131.58 | 12.23 | 1.23 | 1.13 | 1.61 | 1.26 | 1.46 | 1.87 | 2.74 | 7.32 | 7.61 | 7.57 | 5.67 | 6.97 | 8.89 |
| Retained Earnings | 129.42 | 235.99 | (47.65) | (41.40) | (39.32) | (38.58) | (38.11) | (36.20) | (35.40) | (34.71) | (33.01) | (31.97) | (30.20) | (28.38) | (27.97) | (28.24) |
| Total Stockholder Equity | 364.88 | 484.89 | 7.81 | 8.21 | 10.20 | 10.94 | 11.42 | 13.24 | 14.02 | 14.70 | 16.14 | 17.13 | 18.75 | (3.36) | (1.64) | (1.93) |
Income Statement
(in millions USD) (except per-share rows)| Metric | Q3
2026 | Q2
2026 | Q1
2026 | 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 | Q1
2021 |
|---|
| Total Revenue | 7.33 | 7.14 | 6.96 | 0.71 | 0.42 | 0.39 | 1.76 | 0.23 | 0.25 | 0.91 | 1.06 | 4.68 | 1.46 | 5.06 | 3.01 | 1.74 | 3.06 | 3.71 | 4.51 | 2.37 |
| Cost of Revenue | 5.57 | 5.05 | 3.21 | 0.67 | 0.59 | 0.46 | 1.58 | 0.39 | 0.54 | 1.02 | 0.99 | 3.83 | 1.31 | 4.47 | 2.71 | 1.65 | 2.50 | 2.96 | 3.23 | 2.02 |
| Gross Profit | 1.76 | 2.09 | 1.37 | 0.04 | (0.17) | (0.07) | 0.18 | (0.15) | (0.29) | (0.10) | 0.08 | 0.85 | 0.15 | 0.60 | 0.31 | 0.09 | 0.55 | 0.75 | 1.28 | 0.34 |
| Research & Development | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.08 | 0.07 | 0.06 | 0.06 | 0.14 | 0.15 | 0.10 | 0.11 | 0.11 |
| Selling, General & Admin | 6.00 | 21.67 | 6.94 | 1.11 | 0.85 | 0.68 | 0.65 | 0.76 | 0.69 | 0.68 | 0.75 | 1.02 | 1.08 | 1.29 | 1.08 | 1.31 | 1.17 | 0.87 | 0.89 | 0.74 |
| Total Operating Expenses | 166.07 | (87.71) | 7.01 | 1.11 | 0.85 | 0.68 | 0.66 | 0.77 | 0.71 | 0.70 | 0.78 | 1.30 | 1.43 | 1.66 | 2.08 | 1.70 | 1.52 | 1.19 | 1.17 | 1.03 |
| Operating Income | (164.31) | 89.81 | (5.64) | (1.07) | (1.02) | (0.75) | (0.48) | (0.92) | (1.00) | (0.81) | (0.70) | (0.45) | (1.28) | (1.06) | (1.77) | (1.61) | (0.97) | (0.44) | 0.12 | (0.69) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -0.00 | 0.00 | 0.00 | 0.00 |
| Pretax Income | (124.96) | 301.80 | (5.91) | (1.07) | (1.02) | (0.74) | (0.47) | (0.92) | (0.99) | (0.80) | (0.69) | (0.43) | (1.27) | (1.04) | (1.76) | (1.42) | (0.40) | (0.41) | 0.27 | (0.79) |
| Tax Provision | (18.39) | 18.16 | (0.06) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net Income | (106.57) | 283.64 | (5.85) | (1.07) | (1.02) | (0.74) | (0.47) | (0.92) | (0.99) | (0.80) | (0.69) | (0.43) | (1.27) | (1.04) | (1.76) | (1.42) | (0.40) | (0.41) | 0.27 | (0.79) |
| Basic EPS | (1.92) | 5.18 | (6.94) | (1.33) | (2.51) | (0.94) | (0.66) | (0.11) | (0.12) | (0.10) | (0.09) | (0.05) | (0.07) | (0.13) | (0.23) | (0.41) | -- | -- | 0.00 | -- |
| Diluted EPS | (1.92) | 5.15 | (6.94) | (1.33) | (2.51) | (0.94) | (0.66) | (0.11) | (0.12) | (0.10) | (0.09) | -- | -- | -- | (0.23) | -- | -- | -- | 0.00 | -- |
Cash Flow Statement
(in millions USD)| Metric | Q3
2026 | Q2
2026 | Q1
2026 | 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 | Q1
2021 |
|---|
| Operating Cash Flow | (7.99) | (22.39) | (1.73) | (0.75) | (0.84) | (1.03) | (0.27) | (0.91) | (0.83) | (0.85) | (1.75) | (2.69) | (2.45) | 0.49 | (1.42) | 0.19 | (1.45) | (0.62) | (1.63) | 0.48 |
| Capital Expenditures | 0.00 | 0.01 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.02 | 0.00 | 0.01 | 0.05 | 0.00 | 0.00 | 0.01 |
| Free Cash Flow* | (7.99) | (22.40) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (2.45) | 0.47 | (1.42) | 0.18 | (1.50) | (0.62) | (1.63) | 0.47 |
| Investing Cash Flow | (0.42) | (174.59) | (10.64) | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | (0.02) | 0.00 | (0.01) | (0.04) | 0.00 | -0.00 | (0.01) |
| Financing Cash Flow | (12.75) | 226.46 | 3.91 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 19.70 | 1.37 | 1.26 | 0.00 | 0.51 |
* Derived from reported values
