Financial Statements — CELUW
Balance Sheet
(in millions USD)| Metric | 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 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 0.12 | 0.86 | 0.29 | 0.13 | 0.47 | 1.90 | 0.27 | 3.08 | 8.53 | 42.65 | 38.00 | 48.04 | 72.72 | 0.00 | 0.03 |
| Inventory | 2.56 | 4.41 | 6.20 | 3.96 | 2.92 | 3.70 | 4.93 | 5.74 | 5.48 | 5.24 | 24.66 | 14.72 | 5.75 | -- | -- |
| Total Current Assets | 10.60 | 17.26 | 22.08 | 14.50 | 17.73 | 22.86 | 16.50 | 18.04 | 25.00 | 63.10 | 75.45 | 75.74 | 91.28 | 0.06 | 0.10 |
| Property, Plant & Equipment | 57.22 | 58.67 | 60.13 | 63.21 | 64.73 | 66.27 | 70.65 | 72.62 | 74.06 | 77.03 | 77.54 | 77.96 | 91.01 | -- | -- |
| Goodwill | 7.35 | 7.35 | 7.35 | 7.35 | 7.35 | 7.35 | 7.35 | 90.06 | 90.06 | 123.30 | 123.30 | 123.30 | 123.30 | -- | -- |
| Intangible Assets | 7.43 | 7.81 | 8.18 | 8.92 | 9.30 | 9.76 | 10.85 | 11.41 | 11.95 | 13.05 | 13.60 | 14.15 | 15.24 | -- | -- |
| Total Non-current Assets* | 103.64 | 103.02 | 106.80 | 114.34 | 117.76 | 120.96 | 140.69 | 228.38 | 337.41 | 374.02 | 353.88 | 358.46 | 357.01 | 128.36 | 291.83 |
| Total Assets | 114.24 | 120.28 | 128.88 | 128.84 | 135.49 | 143.82 | 157.19 | 246.42 | 362.42 | 437.12 | 429.34 | 434.20 | 448.29 | 128.42 | 291.93 |
| Accounts Payable | 24.59 | 24.40 | 23.31 | 15.40 | 13.73 | 12.98 | 12.93 | 12.45 | 8.76 | 9.22 | 10.23 | 10.42 | 7.03 | 6.18 | 5.04 |
| Short-term Debt | -- | -- | -- | 42.61 | 41.00 | 39.80 | 14.01 | 16.82 | 30.95 | 39.26 | -- | -- | -- | -- | -- |
| Total Current Liabilities | 65.31 | 69.23 | 58.69 | 76.17 | 67.90 | 66.04 | 84.63 | 64.98 | 66.46 | 69.22 | 32.94 | 26.03 | 29.21 | 7.29 | 5.16 |
| Long-term Debt | 35.67 | -- | -- | -- | -- | -- | -- | 17.03 | 4.75 | -- | -- | -- | -- | -- | -- |
| Total Non-current Liabilities* | 69.02 | 76.55 | 75.69 | 35.39 | 39.78 | 46.53 | 42.31 | 62.94 | 140.33 | 203.66 | 246.25 | 318.26 | 322.86 | 40.16 | 34.60 |
| Total Liabilities | 134.33 | 145.78 | 134.38 | 111.56 | 107.68 | 112.57 | 126.95 | 127.92 | 206.79 | 272.88 | 279.19 | 344.30 | 352.07 | 47.45 | 39.77 |
| Retained Earnings | (967.10) | (944.02) | (919.50) | (886.39) | (870.29) | (863.80) | (851.34) | (757.46) | (709.51) | (669.93) | (674.73) | (722.55) | (659.64) | (47.41) | (39.58) |
| Total Stockholder Equity | (20.09) | (25.50) | (5.51) | 17.28 | 27.81 | 31.25 | 30.25 | 118.50 | 155.63 | 164.24 | 150.15 | 89.91 | 96.22 | (47.40) | (39.58) |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | 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 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 4.10 | 5.28 | 5.74 | 11.43 | 18.13 | 9.30 | 12.11 | 14.68 | 12.11 | 3.79 | 2.94 | 3.94 | 4.13 | 4.14 | 3.78 | 5.94 | 4.86 | 10.62 | 3.20 | -- |
| Cost of Revenue* | 7.37 | 3.90 | 5.24 | 3.55 | 7.34 | 3.88 | 2.12 | 1.64 | 9.61 | 3.60 | 0.80 | 2.00 | 5.25 | 7.21 | 3.18 | 4.03 | 4.66 | 2.31 | -- | -- |
| Gross Profit | (3.27) | 1.38 | 0.49 | 7.87 | 10.79 | 5.41 | 9.99 | 13.04 | 2.50 | 0.18 | 2.14 | 1.93 | (1.12) | (3.08) | 0.60 | 1.91 | 0.20 | 8.31 | -- | -- |
| Research & Development | 3.35 | 4.60 | 3.35 | 3.73 | 3.83 | 3.92 | 3.80 | 5.84 | (0.27) | 5.18 | 8.60 | 16.95 | 10.99 | 20.35 | 25.35 | 21.67 | 24.69 | 23.77 | -- | -- |
| Selling, General & Admin | 15.06 | 9.31 | 12.63 | 14.26 | 16.06 | 12.65 | 15.91 | 14.03 | 13.07 | 10.75 | 12.83 | 13.93 | 19.08 | 14.91 | 15.57 | 16.46 | 13.21 | 21.64 | -- | -- |
| Total Operating Expenses | 18.79 | 14.28 | 16.36 | 18.36 | 20.07 | 16.94 | 20.16 | 20.42 | (10.81) | 99.44 | 44.61 | 65.80 | (18.60) | 2.57 | 39.95 | 43.52 | 15.15 | 2.53 | 3.30 | -- |
| Operating Income | (22.06) | (12.90) | (15.86) | (10.49) | (9.28) | (11.53) | (10.18) | (7.38) | 13.32 | (99.26) | (42.48) | (63.87) | 17.49 | (5.65) | 4.18 | (41.61) | (116.37) | 10.90 | (1.54) | (2.05) |
| Pretax Income | (24.36) | (23.08) | (24.52) | (19.75) | (13.29) | (16.10) | (6.49) | (22.01) | 9.56 | (93.88) | (47.95) | (64.02) | 24.45 | 4.78 | 47.84 | (62.87) | (180.93) | 49.94 | (7.09) | 37.99 |
| Tax Provision | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | -- | (0.02) | 0.02 | -- | 0.02 | 0.00 | 0.04 | (0.04) |
| Net Income | (24.36) | (23.08) | (24.52) | (19.75) | (13.29) | (16.10) | (6.49) | (22.01) | 9.55 | (93.88) | (47.95) | (64.02) | 24.43 | 4.80 | 47.83 | (62.87) | (180.95) | 49.94 | (7.13) | 38.03 |
| Basic EPS | (0.85) | (0.88) | (1.02) | (0.84) | (0.58) | (0.73) | (0.30) | (1.03) | (9.84) | (0.50) | (0.27) | (0.41) | 0.17 | 0.03 | 0.34 | -- | -- | 0.47 | -- | -- |
| Diluted EPS | (0.85) | (0.88) | (1.02) | (0.84) | (0.58) | (0.73) | (0.30) | (1.03) | (9.84) | (0.50) | (0.27) | (0.41) | 0.16 | 0.03 | 0.32 | -- | -- | 0.40 | -- | -- |
* Derived from reported values
Cash Flow Statement
(in millions USD)| Metric | 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 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | (5.10) | (4.16) | (1.00) | (2.99) | 1.59 | (0.14) | (3.45) | (4.40) | (4.34) | (8.32) | (11.03) | (14.99) | (29.58) | (37.72) | (36.32) | (34.25) | (32.04) | (77.22) | (0.38) | (0.45) |
| Capital Expenditures | -- | -- | -- | -- | 0.06 | 0.04 | 0.03 | 0.04 | 0.58 | 0.23 | 0.03 | 0.21 | 0.78 | 1.56 | 1.44 | 1.45 | 2.30 | 3.90 | -- | -- |
| Free Cash Flow* | -- | -- | -- | -- | 1.54 | (0.18) | (3.48) | (4.44) | (4.92) | (8.55) | (11.06) | (15.20) | (30.36) | (39.28) | (37.76) | (35.71) | (34.35) | (81.12) | -- | -- |
| Investing Cash Flow | -- | -- | -- | -- | (1.56) | (0.04) | 2.14 | (0.04) | (0.58) | (0.23) | (0.03) | (3.21) | (0.78) | (1.56) | (1.44) | (1.45) | (2.30) | (3.01) | (0.63) | 0.04 |
| Financing Cash Flow | 11.22 | 3.48 | 1.63 | 2.32 | 0.64 | (0.08) | (0.09) | 6.23 | (0.01) | 5.74 | 5.61 | 12.76 | 1.69 | 43.94 | 27.72 | 46.50 | (1.01) | 98.47 | 0.99 | 0.12 |
* Derived from reported values