Financial Statements — CLIR
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 | Q3 2022 | Q2 2022 | Q1 2022 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 7.74 | 10.49 | 12.34 | 12.87 | 14.49 | 15.97 | 4.62 | 7.24 | 7.60 | 5.33 | 5.88 | 9.01 | 6.67 | 8.84 | 10.64 | 10.73 |
| Short-term Investments | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.93 | 3.16 | 3.90 | -- | -- | -- | -- | -- |
| Accounts Receivable | 0.17 | 0.32 | 0.03 | 0.14 | 0.75 | 0.14 | 0.57 | 0.09 | 0.04 | 0.05 | 0.04 | -- | 0.03 | -- | -- | 0.12 |
| Total Current Assets | 8.78 | 11.75 | 13.18 | 13.50 | 15.99 | 16.70 | 5.54 | 7.81 | 9.15 | 8.86 | 10.61 | 10.10 | 7.34 | 9.30 | 11.30 | 11.43 |
| Property, Plant & Equipment | 0.17 | 0.22 | 0.25 | 0.22 | 0.25 | 0.27 | 0.25 | 0.41 | 0.48 | 0.52 | 0.43 | 0.48 | 0.49 | 0.66 | 0.68 | 0.76 |
| Intangible Assets | 0.37 | 0.39 | 0.41 | 0.46 | 0.50 | 0.43 | 0.37 | 0.36 | 0.39 | 0.44 | 0.44 | 0.29 | 0.32 | 0.34 | 0.38 | 0.42 |
| Total Non-current Assets* | 1.06 | 1.00 | 1.05 | 1.04 | 1.10 | 1.13 | 1.08 | 1.19 | 1.25 | 1.31 | 1.25 | 1.30 | 1.31 | 1.61 | 1.98 | 2.06 |
| Total Assets | 9.84 | 12.75 | 14.23 | 14.53 | 17.09 | 17.83 | 6.62 | 9.00 | 10.40 | 10.17 | 11.86 | 11.40 | 8.64 | 10.91 | 13.28 | 13.49 |
| Accounts Payable | 1.75 | 1.98 | 1.56 | 1.17 | 1.49 | 0.45 | 0.62 | 0.41 | 0.43 | 0.40 | 0.29 | 0.36 | 0.29 | 0.27 | 0.45 | 0.44 |
| Total Current Liabilities | 2.17 | 3.58 | 3.70 | 2.40 | 2.14 | 1.80 | 2.00 | 2.87 | 3.04 | 1.37 | 0.83 | 0.95 | 0.79 | 1.08 | 1.08 | 0.87 |
| Long-term Debt | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.25 |
| Total Non-current Liabilities* | 0.04 | 0.09 | 0.12 | 0.10 | 0.13 | 0.14 | 0.16 | 0.19 | 0.20 | 0.21 | 0.24 | 0.25 | 0.29 | 0.40 | 0.45 | 0.76 |
| Total Liabilities | 2.21 | 3.67 | 3.82 | 2.49 | 2.27 | 1.94 | 2.16 | 3.05 | 3.24 | 1.58 | 1.07 | 1.20 | 1.08 | 1.49 | 1.54 | 1.63 |
| Retained Earnings | (106.70) | (104.20) | (102.77) | (101.09) | (97.85) | (96.70) | (94.82) | (92.76) | (91.43) | (89.95) | (87.20) | (85.89) | (84.25) | (81.54) | (79.18) | (76.89) |
| Total Stockholder Equity* | 7.62 | 9.08 | 10.41 | 12.04 | 14.82 | 15.89 | 4.46 | 5.95 | 7.16 | 8.59 | 10.80 | 10.19 | 7.56 | 9.42 | 11.74 | 11.87 |
* Derived from reported values
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 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 0.19 | 3.67 | 1.03 | 0.13 | 0.40 | 0.59 | 1.86 | 0.05 | 1.10 | 1.27 | 0.09 | 0.15 | 0.89 | 0.05 | 0.32 | 0.00 | 0.00 | 0.05 | 0.19 | 0.00 |
| Cost of Revenue | 0.58 | 2.87 | 0.66 | 0.08 | 0.21 | 0.50 | 1.31 | 0.00 | 0.67 | 0.72 | 0.06 | 0.02 | 0.79 | 0.06 | 0.20 | 0.00 | 0.23 | 0.05 | 0.28 | 0.51 |
| Gross Profit* | (0.39) | 0.81 | 0.37 | 0.06 | 0.20 | 0.09 | 0.55 | 0.04 | 0.44 | 0.56 | 0.02 | 0.13 | 0.11 | (0.01) | 0.12 | 0.00 | (0.22) | 0.00 | (0.09) | (0.50) |
| Research & Development | 0.25 | 0.42 | 0.31 | 0.25 | 0.45 | 0.46 | 0.33 | 0.40 | 0.28 | 0.30 | 0.09 | 0.19 | 0.16 | 0.11 | 0.10 | 0.19 | 0.11 | 0.24 | 1.14 | 0.47 |
| Selling, General & Admin | 1.64 | 1.21 | 1.81 | 1.65 | 2.01 | 1.30 | 1.66 | 1.78 | 1.41 | 1.41 | 1.43 | 1.57 | 1.65 | 1.39 | 1.46 | 1.47 | 1.41 | 0.98 | 1.13 | 1.57 |
| Total Operating Expenses | 1.89 | 1.63 | 2.12 | 1.89 | 2.45 | 1.75 | 1.98 | 2.18 | 1.69 | 1.71 | 1.52 | 1.76 | 1.81 | 1.50 | 1.56 | 1.66 | 1.52 | 1.23 | 2.27 | 2.04 |
| Operating Income | (2.28) | (0.83) | (1.75) | (1.84) | (2.26) | (1.67) | (1.43) | (2.14) | (1.25) | (1.15) | (1.50) | (1.63) | (1.70) | (1.50) | (1.43) | (1.66) | (1.52) | (1.23) | (2.36) | (2.54) |
| Net Income | (2.19) | (0.31) | (1.43) | (1.68) | (2.08) | (1.16) | (1.15) | (1.87) | (1.11) | (0.95) | (1.33) | (1.48) | (1.43) | (1.32) | (1.31) | (1.64) | (1.49) | (1.23) | (2.35) | (2.29) |
| Basic EPS | (0.39) | (0.89) | (0.03) | (0.03) | (0.04) | (0.02) | (0.02) | (0.04) | (0.03) | (0.02) | (0.03) | (0.04) | (0.04) | (0.03) | (0.03) | (0.05) | (0.05) | -- | (0.07) | -- |
| Diluted EPS | (0.39) | -- | -- | (0.03) | (0.04) | -- | -- | (0.04) | (0.03) | (0.02) | (0.03) | (0.04) | (0.04) | (0.03) | (0.03) | (0.05) | (0.05) | -- | (0.07) | -- |
* Derived from reported values
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 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | (1.35) | (1.28) | (1.83) | (0.51) | (1.11) | (0.41) | (1.43) | (1.52) | (1.00) | (1.45) | (1.27) | 0.05 | (0.55) | (0.73) | (0.92) | (1.84) | (1.50) | (1.16) | (1.87) | (2.16) |
| Capital Expenditures | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 | 0.02 | -- | -- | -- | -- | -- | 0.01 | 0.00 | 0.00 | 0.01 | 0.01 | 0.04 | (0.03) |
| Free Cash Flow* | -- | (1.28) | (1.83) | (0.51) | (1.11) | (0.44) | (1.43) | (1.54) | -- | -- | -- | -- | -- | (0.73) | (0.92) | (1.84) | (1.51) | (1.17) | (1.91) | (2.13) |
| Investing Cash Flow | (0.06) | (0.02) | (0.02) | (0.02) | (0.04) | (0.04) | (0.06) | (0.08) | (0.03) | (0.10) | 0.91 | 2.24 | (0.55) | 1.30 | (3.94) | (0.03) | (0.01) | (0.08) | (0.04) | (0.01) |
| Financing Cash Flow | (0.03) | -0.00 | 0.00 | 0.00 | (0.02) | 0.01 | 0.00 | 12.96 | (0.02) | 0.00 | 0.00 | 0.00 | (0.01) | 0.00 | 1.74 | 4.22 | 0.58 | 0.00 | 0.11 | 2.08 |
* Derived from reported values