Financial Statements — CRDF
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 | 8.54 | 10.14 | 10.78 | 24.10 | 13.04 | 25.50 | 18.66 | 15.23 | 19.37 | 15.02 | 18.72 | 20.97 | 20.05 | 13.17 | 10.58 | 14.66 |
| Short-term Investments | 37.51 | 50.46 | 60.17 | 55.79 | 44.63 | 34.82 | 48.53 | 66.13 | 70.06 | 81.95 | 95.59 | 101.04 | 109.31 | 120.88 | 129.47 | 110.92 |
| Accounts Receivable | 0.19 | 0.25 | 0.53 | 0.41 | 0.62 | 0.45 | 0.39 | 0.20 | 0.16 | 0.68 | 0.65 | 0.55 | 0.45 | 0.40 | 0.31 | 0.24 |
| Total Current Assets | 47.34 | 61.80 | 73.70 | 82.71 | 59.33 | 62.25 | 69.99 | 83.91 | 92.73 | 101.75 | 119.76 | 127.41 | 135.81 | 137.77 | 142.87 | 128.57 |
| Property, Plant & Equipment | 0.49 | 0.67 | 0.74 | 0.81 | 0.99 | 1.10 | 1.20 | 1.32 | 1.36 | 1.32 | 1.30 | 1.14 | 0.55 | 0.38 | 0.42 | 0.50 |
| Total Non-current Assets* | 1.83 | 1.98 | 2.04 | 2.10 | 3.56 | 3.81 | 4.05 | 4.55 | 4.72 | 4.80 | 3.88 | 3.85 | 3.40 | 3.54 | 0.86 | 1.00 |
| Total Assets | 49.17 | 63.78 | 75.74 | 84.81 | 62.90 | 66.05 | 74.04 | 88.45 | 97.46 | 106.55 | 123.63 | 131.26 | 139.20 | 141.31 | 143.73 | 129.57 |
| Accounts Payable | 5.48 | 2.44 | 6.01 | 3.63 | 4.64 | 5.11 | 5.19 | 2.18 | 2.94 | 2.91 | 1.43 | 1.52 | 1.26 | 0.40 | 0.54 | 0.80 |
| Total Current Liabilities | 14.46 | 14.71 | 16.67 | 13.29 | 12.53 | 12.52 | 11.84 | 9.02 | 9.12 | 8.15 | 8.24 | 8.48 | 6.66 | 5.04 | 4.58 | 4.48 |
| Total Non-current Liabilities* | 0.00 | 0.28 | 0.46 | 0.64 | 0.98 | 1.14 | 1.30 | 1.61 | 1.75 | 1.90 | 2.17 | 2.31 | 2.44 | 2.73 | 0.24 | 0.28 |
| Total Liabilities | 14.46 | 14.99 | 17.13 | 13.93 | 13.50 | 13.66 | 13.14 | 10.63 | 10.88 | 10.05 | 10.42 | 10.79 | 9.10 | 7.77 | 4.82 | 4.76 |
| Retained Earnings | (442.37) | (422.81) | (411.56) | (397.61) | (372.39) | (360.54) | (348.76) | (330.20) | (320.47) | (309.32) | (289.83) | (281.26) | (270.81) | (250.36) | (243.44) | (236.68) |
| Total Stockholder Equity | 34.71 | 48.79 | 58.61 | 70.88 | 49.39 | 52.39 | 60.89 | 77.83 | 86.58 | 96.50 | 113.21 | 120.47 | 130.10 | 133.54 | 138.92 | 124.82 |
* 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 | 0.04 | 0.24 | 0.12 | 0.12 | 0.11 | 0.15 | 0.17 | 0.16 | 0.21 | 0.16 | 0.14 | 0.11 | 0.08 | 0.13 | 0.09 | 0.09 | 0.07 | 0.13 | 0.09 | 0.07 |
| Selling, General & Admin | 6.13 | 3.00 | 3.90 | 3.32 | 4.01 | 3.01 | 3.13 | 3.22 | 3.13 | 2.73 | 2.94 | 4.30 | 3.08 | 3.08 | 3.08 | 3.09 | 3.94 | 3.84 | 2.93 | 2.84 |
| Total Operating Expenses | 12.89 | 8.07 | 12.09 | 14.90 | 14.49 | 12.72 | 12.77 | 12.71 | 11.14 | 10.49 | 10.96 | 12.32 | 12.14 | 9.52 | 9.09 | 10.53 | 11.15 | 9.66 | 7.08 | 6.96 |
| Operating Income | (12.85) | (7.83) | (11.97) | (14.78) | (14.38) | (12.57) | (12.60) | (12.54) | (10.93) | (10.33) | (10.82) | (12.21) | (12.05) | (9.39) | (8.99) | (10.44) | (11.07) | (9.53) | (7.00) | (6.89) |
| Net Income | (12.34) | (7.22) | (11.26) | (13.94) | (13.43) | (11.79) | (11.85) | (11.78) | (10.01) | (9.34) | (9.73) | (11.15) | (11.22) | (8.70) | (8.57) | (10.44) | (10.99) | (9.44) | (6.91) | (6.76) |
| Basic EPS | (0.18) | (0.11) | (0.17) | (0.21) | (0.20) | (0.22) | (0.25) | (0.26) | (0.22) | (0.21) | (0.22) | (0.25) | (0.25) | (0.20) | (0.20) | (0.24) | (0.25) | (0.24) | (0.17) | (0.17) |
| Diluted EPS | (0.18) | (0.11) | (0.17) | (0.21) | (0.20) | (0.22) | (0.25) | (0.26) | (0.22) | (0.21) | (0.22) | (0.25) | (0.25) | (0.20) | (0.20) | (0.24) | (0.25) | (0.24) | (0.17) | (0.17) |
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 | (12.29) | (5.97) | (10.83) | (8.33) | (12.79) | (10.27) | (10.46) | (9.23) | (7.74) | (7.14) | (7.96) | (7.13) | (8.66) | (9.39) | (7.49) | (6.69) | (10.25) | (7.39) | (5.46) | (4.30) |
| Capital Expenditures | -- | 0.00 | 0.02 | 0.03 | -- | 0.00 | 0.00 | 0.00 | 0.08 | 0.01 | 0.32 | 0.25 | 0.01 | 0.08 | 0.45 | 0.31 | 0.17 | 0.11 | 0.10 | -- |
| Free Cash Flow* | -- | (5.97) | (10.85) | (8.35) | -- | (10.27) | (10.46) | (9.23) | (7.82) | (7.15) | (8.27) | (7.38) | (8.67) | (9.46) | (7.93) | (7.01) | (10.42) | (7.50) | (5.56) | -- |
| Investing Cash Flow | 3.26 | 10.75 | 10.16 | (4.98) | (14.58) | 4.51 | (9.43) | 14.02 | 4.64 | 13.56 | 3.82 | 11.48 | 7.33 | 7.02 | 5.16 | 7.61 | 18.36 | (8.79) | 8.05 | (19.00) |
| Financing Cash Flow | 0.11 | 2.55 | 0.03 | 0.00 | 0.00 | 44.19 | 7.43 | 2.06 | 0.11 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.08 | 0.00 | 0.00 | 14.96 | 0.00 | 19.23 |
* Derived from reported values
