Financial Statements — CAPS
Balance Sheet
(in millions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 |
|---|
| Cash & Equivalents | 0.42 | 0.73 | 0.77 | 1.74 |
| Accounts Receivable | 6.90 | 5.77 | 5.49 | 4.52 |
| Inventory | 18.06 | 12.17 | 9.59 | 9.78 |
| Total Current Assets | 25.98 | 19.11 | 16.53 | 16.71 |
| Property, Plant & Equipment | 2.00 | 1.70 | 1.47 | 1.53 |
| Goodwill | 18.46 | 26.03 | 23.29 | 23.29 |
| Intangible Assets | 1.74 | -- | -- | -- |
| Total Non-current Assets | 27.82 | 39.37 | 35.35 | 35.50 |
| Total Assets | 53.80 | 58.48 | 51.89 | 52.21 |
| Accounts Payable | -- | 5.48 | 3.60 | 4.38 |
| Total Current Liabilities | 27.43 | 20.02 | 16.97 | 14.66 |
| Long-term Debt | 13.18 | 11.66 | 9.61 | 8.78 |
| Total Non-current Liabilities | 15.15 | 11.31 | 8.64 | 10.58 |
| Total Liabilities | 42.57 | 31.33 | 25.61 | 25.24 |
| Retained Earnings | (219.95) | (201.25) | (199.23) | (198.53) |
| Total Stockholder Equity | 11.22 | 27.16 | 26.27 | 26.97 |
Income Statement
(in millions USD) (except per-share rows)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 |
|---|
| Total Revenue | 12.64 | 12.48 | 13.99 | 13.19 | 8.16 | 10.52 |
| Cost of Revenue* | 9.67 | 9.39 | 10.40 | 9.72 | 6.57 | 8.24 |
| Gross Profit | 2.97 | 3.08 | 3.25 | 3.13 | 1.33 | 2.07 |
| Selling, General & Admin | 4.47 | 4.86 | 0.09 | 3.39 | 2.75 | 2.42 |
| Total Operating Expenses* | 4.47 | 11.61 | 4.02 | 3.39 | 2.46 | 2.42 |
| Operating Income | (1.50) | (8.53) | (0.77) | (0.26) | (1.43) | (0.35) |
| Pretax Income | (1.91) | (9.61) | (2.01) | (0.70) | (1.73) | (0.68) |
| Tax Provision | 0.00 | -- | 0.01 | 0.00 | 0.02 | 0.42 |
| Net Income | (1.91) | (16.79) | (2.01) | (0.70) | (1.73) | (1.10) |
| Basic EPS | (0.21) | (3.17) | (0.35) | (0.13) | (0.47) | (7.20) |
| Diluted EPS | -- | -- | (0.35) | (0.13) | (0.47) | (7.20) |
* Derived from reported values
Cash Flow Statement
(in millions USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 |
|---|
| Operating Cash Flow | (2.79) | (0.42) | 2.22 | 0.11 | (2.29) |
| Capital Expenditures | 0.03 | 0.12 | 0.00 | 0.02 | 0.10 |
| Free Cash Flow* | (2.82) | (0.54) | 2.22 | 0.09 | (2.39) |
| Investing Cash Flow | (0.03) | (4.47) | (2.44) | (0.02) | (0.10) |
| Financing Cash Flow | 2.51 | 4.97 | 2.40 | 0.74 | 4.02 |
* Derived from reported values
