Financial Statements — CENN
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 | Q2
2022 |
|---|
| Cash & Equivalents | 3.61 | 4.44 | 5.99 | 8.54 | 21.82 | 16.23 | 20.26 | 44.65 | 60.39 | 91.85 | 279.04 |
| Short-term Investments | -- | 0.00 | 0.00 | 0.00 | 0.01 | 4.15 | 4.20 | -- | -- | -- | -- |
| Accounts Receivable | 1.18 | 1.60 | 3.24 | 3.10 | 4.56 | 7.87 | 4.58 | 4.65 | 2.65 | 2.73 | -- |
| Inventory | 21.99 | 24.29 | 25.44 | 25.28 | 35.88 | 41.27 | 43.77 | 43.08 | 41.80 | 36.55 | 3.46 |
| Total Current Assets | 44.95 | 52.29 | 58.60 | 62.94 | 84.78 | 91.59 | 94.73 | 110.16 | 123.49 | 147.18 | 286.19 |
| Property, Plant & Equipment | 15.70 | 16.73 | 17.27 | 17.59 | 20.18 | 20.08 | 20.20 | 20.13 | 18.51 | 17.27 | -- |
| Goodwill | -- | -- | -- | -- | 0.23 | 0.22 | 0.22 | -- | -- | -- | -- |
| Intangible Assets | 6.09 | 6.16 | 6.24 | 6.20 | 6.62 | 6.49 | 6.64 | 6.38 | 6.44 | 4.56 | -- |
| Total Non-current Assets | 28.30 | 60.42 | 65.80 | 66.40 | 75.06 | 76.17 | 78.30 | 81.71 | 82.56 | 73.89 | 8.93 |
| Total Assets | 73.25 | 112.71 | 124.40 | 129.34 | 159.84 | 167.75 | 173.04 | 191.86 | 206.05 | 221.07 | -- |
| Accounts Payable | 4.85 | 3.72 | 3.92 | 4.81 | 6.16 | 6.63 | 6.56 | 4.84 | 3.36 | 2.90 | -- |
| Short-term Debt | 0.00 | 0.91 | 1.22 | 0.24 | 0.26 | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 26.58 | 27.35 | 32.62 | 31.01 | 31.44 | 30.94 | 27.24 | 26.18 | 26.53 | 30.01 | 14.05 |
| Long-term Debt | 3.04 | 0.00 | 0.00 | 0.34 | 0.36 | 0.37 | -- | -- | -- | -- | -- |
| Total Non-current Liabilities | 9.04 | 9.21 | 12.03 | 24.90 | 31.53 | 32.81 | 33.26 | 33.67 | 32.63 | 28.53 | 0.10 |
| Total Liabilities | 35.62 | 36.57 | 44.65 | 55.91 | 62.98 | 63.75 | 60.50 | 59.85 | 59.16 | 58.54 | -- |
| Retained Earnings | (395.78) | (341.14) | (334.43) | (324.54) | (301.41) | (292.44) | (283.25) | (260.96) | (244.86) | (230.78) | (213.65) |
| Total Stockholder Equity | 37.55 | 76.03 | 79.63 | 73.32 | 96.71 | 103.85 | 112.54 | 132.01 | 146.89 | 162.53 | 280.97 |
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 | Q2
2022 |
|---|
| Total Revenue | 1.21 | 4.96 | 4.57 | 6.41 | 2.14 | 2.85 | 16.73 | 8.32 | 3.39 | 8.61 | 5.76 | 4.24 | 3.47 | 1.81 | 6.57 |
| Cost of Revenue | 0.98 | 7.68 | 4.47 | 6.43 | 1.82 | 0.53 | 12.69 | 7.10 | 3.38 | 8.41 | 5.05 | 3.09 | 3.28 | 2.22 | -- |
| Gross Profit | 0.24 | (2.72) | 0.10 | (0.02) | 0.32 | 2.33 | 4.04 | 1.22 | 0.01 | 0.20 | 0.72 | 1.15 | 0.19 | (0.41) | -- |
| Research & Development | 0.48 | 0.86 | 0.52 | 0.65 | 0.78 | 0.87 | 1.48 | 1.09 | 1.73 | 3.12 | 1.63 | 2.14 | 1.57 | 2.75 | -- |
| Selling, General & Admin | 3.41 | 6.15 | 4.09 | 5.17 | 4.93 | 4.38 | 7.93 | 7.65 | 6.36 | 10.05 | 9.07 | 9.29 | 7.36 | 6.38 | -- |
| Total Operating Expenses | 4.22 | 8.68 | 6.98 | 8.08 | 6.50 | 5.56 | 14.44 | 10.04 | 9.41 | 14.24 | 13.33 | 14.17 | 10.80 | 20.40 | -- |
| Operating Income | (3.98) | (11.40) | (6.87) | (8.10) | (6.17) | (3.23) | (10.40) | (8.82) | (9.39) | (14.04) | (12.62) | (13.02) | (10.60) | (20.81) | -- |
| Interest Expense | -- | -- | -- | -- | -- | -- | 0.03 | 0.10 | (0.07) | (0.54) | -- | -- | -- | -- | -- |
| Pretax Income | (4.08) | (48.97) | (6.39) | (8.20) | (5.37) | (6.70) | (8.99) | (9.20) | (9.26) | (13.08) | (16.10) | (14.05) | (11.11) | (73.91) | (33.17) |
| Tax Provision | (0.01) | (0.01) | (0.01) | (0.02) | (0.01) | 0.01 | (0.01) | -0.00 | (0.03) | (0.02) | -0.00 | 0.03 | 0.00 | 0.09 | 0.03 |
| Net Income | (3.91) | (50.73) | (6.71) | (9.89) | (5.65) | (17.48) | (8.97) | (9.18) | (9.23) | (13.06) | (16.10) | (14.07) | (10.96) | (73.28) | -- |
| Basic EPS | (2.66) | (86.65) | (0.14) | (0.28) | (0.18) | (0.56) | (0.29) | (0.30) | (0.30) | (25.80) | -- | -- | -- | -- | -- |
| Diluted EPS | (2.66) | (86.65) | (0.14) | (0.28) | (0.18) | (0.56) | (0.29) | (0.30) | (0.30) | (25.80) | -- | -- | -- | -- | -- |
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 | Q2
2022 |
|---|
| Operating Cash Flow | (2.81) | (1.84) | (1.42) | (4.41) | (4.95) | (8.45) | (0.20) | (3.85) | (8.86) | (12.87) | (10.09) | (18.14) | (17.36) | (5.40) |
| Capital Expenditures | 0.00 | -- | 0.10 | 0.12 | 0.52 | 0.13 | 0.06 | 0.34 | 0.33 | 0.31 | 2.25 | 2.51 | 2.58 | -- |
| Free Cash Flow* | (2.81) | -- | (1.52) | (4.53) | (5.47) | (8.58) | (0.26) | (4.18) | (9.19) | (13.17) | (12.34) | (20.64) | (19.94) | -- |
| Investing Cash Flow | 0.11 | (0.28) | 0.02 | (0.10) | (0.50) | (0.79) | 5.21 | (0.66) | 0.31 | (3.47) | (2.93) | (4.49) | (5.49) | (13.06) |
| Financing Cash Flow | 1.68 | 2.16 | (0.20) | 1.77 | 1.17 | (0.01) | 0.78 | 0.46 | 0.00 | 0.00 | 54.12 | (0.73) | (39.58) | 232.28 |
* Derived from reported values
