Financial Statements — BRLS
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 0.50 | 0.13 | 0.21 | 0.19 | 0.72 | 3.13 | 8.21 | 0.07 | 0.00 | 0.06 | 0.52 | 0.73 | 0.95 | 1.75 |
| Accounts Receivable | 1.74 | 2.57 | 2.32 | 1.78 | 2.91 | 2.55 | 4.77 | -- | -- | -- | -- | -- | -- | -- |
| Inventory | 3.53 | 6.00 | 7.00 | 7.75 | 8.75 | 7.66 | 6.80 | -- | -- | -- | -- | -- | -- | -- |
| Total Current Assets | 6.82 | 9.47 | 9.93 | 10.57 | 13.43 | 15.15 | 22.18 | 0.08 | 0.00 | 0.09 | 0.74 | 0.97 | 1.25 | 1.76 |
| Property, Plant & Equipment | 43.51 | 44.33 | 44.78 | 45.27 | 46.07 | 46.06 | 45.97 | -- | -- | -- | -- | -- | -- | -- |
| Goodwill | -- | 1.92 | 1.92 | 1.92 | 1.92 | 1.92 | 1.92 | -- | -- | -- | -- | -- | -- | -- |
| Intangible Assets | 0.30 | 0.38 | 0.35 | 0.33 | 0.25 | 0.21 | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Assets* | 44.12 | 46.83 | 47.34 | 47.83 | 48.48 | 48.45 | 48.15 | 21.53 | 21.13 | 20.77 | 177.01 | 176.22 | 175.99 | 175.95 |
| Total Assets | 50.95 | 56.30 | 57.27 | 58.40 | 61.91 | 63.59 | 70.33 | 21.61 | 21.14 | 20.85 | 177.76 | 177.19 | 177.24 | 177.71 |
| Accounts Payable | 17.36 | 14.03 | 13.99 | 13.05 | 8.60 | 6.86 | 7.24 | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 71.85 | 64.12 | 39.42 | 35.87 | 30.30 | 28.66 | 28.81 | 6.11 | 4.71 | 3.98 | 1.57 | 0.78 | 0.54 | 0.07 |
| Total Non-current Liabilities* | 1.80 | 5.13 | 27.02 | 27.35 | 26.54 | 25.04 | 25.32 | 21.53 | 21.13 | 20.77 | 177.01 | 176.22 | 175.97 | 175.95 |
| Total Liabilities* | 73.65 | 69.25 | 66.45 | 63.22 | 56.84 | 53.69 | 54.13 | 27.63 | 25.84 | 24.74 | 178.59 | 177.00 | 176.51 | 176.02 |
| Retained Earnings | (113.28) | (103.36) | (99.58) | (94.98) | (85.03) | (80.19) | (73.90) | (6.02) | (4.71) | (3.89) | (1.47) | (1.25) | (0.96) | (0.03) |
| Total Stockholder Equity | (22.70) | (12.95) | (9.17) | (4.83) | 5.07 | 9.90 | 16.20 | (6.02) | (4.71) | (3.89) | (0.83) | 0.19 | 0.73 | 1.70 |
* 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 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 7.78 | 9.31 | 7.36 | 7.58 | 7.22 | 7.06 | 8.08 | 5.48 | 8.48 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Cost of Revenue* | 6.53 | 8.25 | 6.06 | 6.67 | 5.95 | 6.51 | 6.41 | 4.90 | 7.65 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Gross Profit | 0.84 | 1.06 | 1.04 | 0.51 | 0.90 | 0.25 | 1.27 | 0.42 | 0.24 | -- | -- | 178.53 | 178.53 | 3.45 | 0.00 | 0.00 | 172.50 | 172.50 |
| Research & Development | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.06 | 0.05 | 0.04 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Selling, General & Admin | 2.90 | 3.89 | 2.97 | 2.51 | 3.82 | 4.87 | 1.99 | 5.61 | 7.22 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Operating Expenses* | 2.90 | 3.89 | 2.97 | 3.87 | 3.82 | 4.87 | 17.72 | 5.61 | 7.22 | -- | 0.72 | 179.23 | 180.65 | 4.20 | 1.04 | 0.54 | 173.07 | 172.53 |
| Operating Income | (2.06) | (2.84) | (1.92) | (3.36) | (2.92) | (4.62) | (3.62) | (5.19) | (6.97) | (1.12) | (1.20) | (0.70) | (2.12) | (0.75) | (1.04) | -- | (0.57) | (0.01) |
| Interest Expense | 1.45 | 1.64 | 1.86 | 1.23 | 1.26 | -- | -- | -- | 1.46 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Pretax Income | (3.51) | (6.49) | (3.78) | (4.59) | (4.19) | -- | -- | -- | (8.43) | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Tax Provision | -- | (0.08) | 0.00 | 0.01 | -- | (0.15) | 0.00 | 0.01 | -0.00 | 0.00 | 0.00 | -- | -- | -- | -- | -- | -- | -- |
| Net Income | (3.51) | (6.41) | (3.78) | (4.60) | (4.19) | (5.77) | (4.83) | (6.30) | (8.43) | (0.84) | (0.92) | (0.45) | (0.73) | 0.76 | (0.23) | (0.29) | (0.55) | (0.01) |
| Basic EPS | (0.16) | (0.72) | (0.18) | 0.21 | (0.20) | (0.24) | (0.23) | (0.29) | (0.49) | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Diluted EPS | (0.16) | (0.72) | (0.18) | 0.21 | (0.20) | (0.24) | (0.23) | (0.29) | (0.49) | -- | -- | -- | -- | -- | -- | -- | -- | -- |
* 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 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | (0.12) | (2.84) | (0.19) | (2.20) | (1.37) | (0.82) | (3.27) | (4.23) | (6.77) | (0.40) | (0.61) | (0.69) | (0.64) | (1.44) | (0.27) | (0.22) | (0.17) | 0.02 |
| Capital Expenditures | -- | -- | -- | -- | 0.02 | 0.13 | 0.45 | 0.51 | 0.55 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Free Cash Flow* | -- | -- | -- | -- | (1.39) | (0.95) | (3.72) | (4.75) | (7.32) | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Investing Cash Flow | -- | -0.00 | (0.03) | -0.00 | (0.03) | (0.20) | (0.50) | (0.72) | (0.49) | (0.11) | (0.12) | (0.12) | 159.16 | -- | -- | -- | -- | (175.95) |
| Financing Cash Flow | 0.54 | 2.78 | 0.15 | 2.21 | 0.94 | 0.95 | 1.36 | (0.12) | 7.85 | 0.53 | 0.80 | 0.75 | (159.14) | 1.60 | 0.06 | 0.09 | 0.02 | 177.68 |
* Derived from reported values