Financial Statements — BYSI
Balance Sheet
(in millions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q2
2024 | Q2
2023 | Q2
2022 | Q1
2021 |
|---|
| Cash & Equivalents | 4.04 | 12.48 | 9.54 | 6.53 | 8.40 | 13.49 | 30.74 | 90.57 |
| Short-term Investments | 3.83 | 0.14 | -- | 2.00 | 5.96 | 1.90 | 21.20 | -- |
| Total Current Assets | 13.50 | 24.41 | 25.71 | 31.53 | 14.92 | 25.79 | 55.73 | 94.37 |
| Property, Plant & Equipment | 0.15 | 0.18 | 0.20 | 0.22 | 1.49 | 1.80 | 1.91 | 0.18 |
| Total Non-current Assets | 4.90 | 5.07 | 5.33 | 5.58 | 5.98 | 7.09 | 8.04 | 2.72 |
| Total Assets | 18.41 | 29.48 | 31.04 | 37.10 | 20.90 | 32.88 | 63.77 | 97.09 |
| Accounts Payable | 0.65 | 0.30 | 0.27 | 0.36 | 2.12 | 1.50 | 1.16 | 1.57 |
| Total Current Liabilities | 12.37 | 12.89 | 11.73 | 12.67 | 8.19 | 6.82 | 11.11 | 12.63 |
| Long-term Debt | -- | -- | -- | -- | -- | -- | -- | 2.16 |
| Total Non-current Liabilities | 36.39 | 36.40 | 36.86 | 37.11 | 38.99 | 40.74 | 40.92 | 8.90 |
| Total Liabilities | 48.76 | 49.29 | 48.59 | 49.77 | 47.17 | 47.57 | 52.03 | 21.53 |
| Retained Earnings | (410.59) | (406.29) | (404.75) | (402.95) | (403.56) | (388.00) | (360.49) | (294.81) |
| Total Stockholder Equity | (34.49) | (31.77) | (30.22) | (28.31) | (30.18) | (18.09) | 8.11 | 72.51 |
Income Statement
(in millions USD) (except per-share rows)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q2
2024 | Q2
2023 | Q2
2022 | Q1
2021 |
|---|
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.88 | 0.68 | 0.34 |
| Research & Development | 1.08 | 1.47 | 1.04 | 1.00 | 0.87 | 0.47 | 0.00 | 9.21 | 13.99 | 11.31 |
| Selling, General & Admin | 1.16 | 1.12 | 0.75 | 0.95 | 1.74 | 1.23 | 0.00 | 5.15 | 7.49 | 6.45 |
| Operating Income | (2.23) | (2.60) | (1.79) | (1.95) | (2.61) | (1.70) | (0.01) | (13.48) | (20.81) | (17.42) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.02 | 0.02 |
| Pretax Income | (2.16) | (2.49) | (1.72) | (1.86) | (2.56) | (1.82) | (0.01) | (13.27) | (19.87) | (17.44) |
| Tax Provision | 0.19 | 0.02 | 0.03 | 0.02 | 0.02 | (0.10) | 0.00 | (0.01) | 0.29 | 0.00 |
| Net Income | (2.16) | (2.14) | (1.54) | (1.81) | 4.48 | (1.73) | (0.01) | (12.72) | (18.49) | (16.99) |
| Basic EPS | (0.05) | (0.05) | (0.04) | (0.04) | 0.11 | (0.05) | (0.19) | (0.33) | (0.47) | -- |
| Diluted EPS | -- | -- | (0.03) | (0.10) | -- | -- | -- | -- | -- | -- |
Cash Flow Statement
(in millions USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q1
2021 |
|---|
| Operating Cash Flow | (3.28) | (5.50) | (4.19) | (5.87) | (4.20) | (18.94) |
| Capital Expenditures | 0.00 | 0.00 | 0.00 | 0.00 | 0.05 | 0.01 |
| Free Cash Flow* | (3.28) | (5.50) | (4.19) | (5.87) | (4.25) | (18.95) |
| Investing Cash Flow | 4.48 | (5.15) | (2.20) | 10.85 | 6.30 | (0.01) |
| Financing Cash Flow | (4.16) | 1.97 | 3.00 | 0.00 | -- | (0.08) |
* Derived from reported values
