Financial Statements — CCCC
Balance Sheet
(in millions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 61.27 | 58.81 | 78.16 | 51.29 | 59.65 | 49.55 | 57.30 | 46.00 | 162.75 | 281.15 | 94.91 |
| Short-term Investments | -- | -- | -- | -- | -- | 264.10 | 250.48 | 245.17 | 239.33 | 184.77 | 218.57 |
| Accounts Receivable | 2.88 | 6.54 | 2.16 | 8.03 | 10.34 | 1.49 | 1.71 | 1.77 | 4.85 | 6.21 | 3.66 |
| Total Current Assets | 245.37 | 206.86 | 224.73 | 232.54 | 273.23 | 325.46 | 318.37 | 302.95 | 412.29 | 477.56 | 322.01 |
| Property, Plant & Equipment | 4.49 | 5.13 | 5.54 | 5.48 | 6.21 | 7.42 | 6.34 | 3.03 | 3.32 | 3.65 | 4.01 |
| Total Non-current Assets* | 83.49 | 58.62 | 71.80 | 86.99 | 102.83 | 135.98 | 174.11 | 212.54 | 95.62 | 50.86 | 52.00 |
| Total Assets | 328.86 | 265.49 | 296.53 | 319.52 | 376.06 | 461.44 | 492.48 | 515.49 | 507.91 | 528.42 | 374.01 |
| Accounts Payable | 0.77 | 1.33 | 2.22 | 0.68 | 1.50 | 2.37 | 4.45 | 3.41 | 3.75 | 4.47 | 3.74 |
| Total Current Liabilities | 27.25 | 35.95 | 44.46 | 40.82 | 43.29 | 45.27 | 46.15 | 46.99 | 48.69 | 44.17 | 37.65 |
| Long-term Debt | -- | -- | -- | -- | 10.34 | 11.30 | 11.12 | 10.94 | 10.59 | 10.41 | 10.23 |
| Total Non-current Liabilities* | 67.36 | 75.14 | 78.01 | 83.56 | 90.11 | 97.99 | 101.73 | 103.97 | 60.44 | 67.83 | 72.65 |
| Total Liabilities | 94.61 | 111.08 | 122.46 | 124.38 | 133.40 | 143.26 | 147.88 | 150.96 | 109.13 | 111.99 | 110.30 |
| Retained Earnings | (763.82) | (718.21) | (686.04) | (660.02) | (599.13) | (358.70) | (326.75) | (299.33) | (252.06) | (227.37) | (204.79) |
| Total Stockholder Equity | 234.25 | 154.41 | 174.06 | 195.14 | 242.66 | 318.18 | 344.59 | 364.53 | 398.78 | 416.43 | 263.71 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Total Revenue | 6.15 | 11.02 | 11.23 | 6.46 | 7.24 | 15.36 | 2.85 | 6.75 | 13.83 | 7.65 | 20.08 | 8.50 | 17.21 | -- |
| Research & Development | 24.61 | 24.98 | 25.99 | 26.20 | 27.07 | 31.84 | 30.65 | 29.66 | 31.32 | 26.20 | 26.55 | 24.30 | 23.29 | 20.53 |
| Selling, General & Admin | 9.33 | 9.18 | 8.92 | 8.77 | 9.33 | 11.77 | 10.50 | 9.58 | 9.90 | 12.82 | 8.78 | 8.45 | 8.61 | 7.41 |
| Total Operating Expenses | 33.94 | 34.16 | 45.64 | 34.96 | 36.40 | 43.61 | 41.15 | 39.24 | 41.22 | 39.02 | 35.33 | 32.75 | 31.90 | 27.94 |
| Operating Income | (27.78) | (23.14) | (34.41) | (28.50) | (29.16) | (28.24) | (38.29) | (32.49) | (27.38) | (31.37) | (15.25) | (24.25) | (22.12) | (20.51) |
| Pretax Income | -- | (20.36) | (32.17) | (26.02) | (26.32) | (24.67) | -- | -- | -- | (31.62) | (15.66) | (24.68) | (22.58) | (20.97) |
| Tax Provision | 0.00 | 0.12 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- | (0.17) | (0.17) |
| Net Income | (25.13) | (20.49) | (32.17) | (26.02) | (26.32) | (24.67) | (37.18) | (31.96) | (27.41) | (31.62) | (15.66) | (24.68) | (22.58) | (20.97) |
| Basic EPS | (0.20) | (0.09) | (0.44) | (0.37) | (0.37) | (0.35) | (0.76) | (0.65) | (0.56) | (0.65) | (0.31) | (0.51) | (0.51) | (0.49) |
| Diluted EPS | (0.20) | (0.09) | (0.44) | (0.37) | (0.37) | (0.35) | (0.76) | (0.65) | (0.56) | -- | -- | -- | -- | -- |
Cash Flow Statement
(in millions USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Operating Cash Flow | (29.94) | (22.14) | (31.21) | (12.06) | (33.28) | (18.12) | (29.13) | (28.02) | (22.19) | (26.60) | (25.67) | (18.36) | (18.00) | (24.93) |
| Capital Expenditures | 0.06 | 0.01 | 0.41 | 0.19 | -- | 0.00 | 1.49 | 3.31 | 0.53 | 0.17 | 0.11 | 0.00 | (0.11) | 0.42 |
| Free Cash Flow* | (30.01) | (22.16) | (31.62) | (12.24) | -- | (18.12) | (30.62) | (31.32) | (22.72) | (26.77) | (25.78) | (18.36) | (17.89) | (25.35) |
| Investing Cash Flow | 16.15 | (80.73) | 4.09 | 38.92 | 29.13 | (53.40) | 9.28 | 19.91 | 33.23 | (4.00) | (59.41) | (100.63) | 32.43 | (61.73) |
| Financing Cash Flow | 0.46 | 118.67 | 7.77 | 0.00 | (0.05) | 34.58 | 0.05 | 0.36 | 0.26 | 0.48 | 0.47 | 0.58 | 170.50 | (0.15) |
* Derived from reported values
