Financial Statements — CREX
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 | 1.83 | 0.31 | 0.57 | 1.15 | 0.87 | 4.09 | 2.90 | 8.38 | 3.26 | 3.91 | 0.82 | 2.84 | 5.99 | 2.77 | 3.00 | 3.54 |
| Accounts Receivable | 14.50 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 7.19 | 8.19 | 8.81 | 2.59 | 1.93 | 3.81 |
| Inventory | 6.56 | 4.31 | 1.06 | 1.79 | 3.05 | 3.00 | 3.07 | 2.31 | 1.15 | 1.48 | 3.11 | 2.64 | 2.02 | 1.95 | 2.07 | 2.13 |
| Total Current Assets | 26.09 | 16.99 | 13.11 | 16.88 | 15.97 | 17.54 | 16.32 | 17.51 | 11.69 | 13.04 | 12.95 | 17.19 | 19.14 | 9.01 | 8.64 | 10.15 |
| Property, Plant & Equipment | 2.58 | 0.38 | 0.35 | 0.34 | 0.37 | 0.42 | 0.46 | 0.51 | 0.45 | 0.25 | 0.19 | 0.14 | 0.15 | 1.16 | 1.14 | 1.25 |
| Goodwill | 52.15 | 26.45 | 26.45 | 26.45 | 26.45 | 26.45 | 26.45 | 26.45 | 26.45 | 26.45 | 26.09 | 26.09 | 16.01 | 7.53 | 7.53 | 7.53 |
| Intangible Assets | -- | 15.38 | 21.69 | 22.31 | 23.52 | 23.75 | 23.99 | 23.98 | 23.94 | 23.82 | 23.75 | 23.23 | 26.45 | 3.37 | 3.51 | 3.65 |
| Total Non-current Assets* | 24.99 | 44.27 | 50.54 | 50.11 | 51.60 | 52.02 | 51.89 | 52.18 | 52.24 | 52.07 | 51.76 | 51.32 | 43.74 | 12.77 | 12.94 | 13.28 |
| Total Assets | 138.25 | 61.27 | 63.65 | 66.99 | 67.56 | 69.55 | 68.21 | 69.69 | 63.93 | 65.10 | 64.71 | 68.52 | 62.88 | 21.78 | 21.58 | 23.43 |
| Accounts Payable | 10.88 | 8.71 | 6.17 | 4.66 | 6.45 | 5.21 | 4.79 | 3.34 | 2.89 | 3.09 | 3.04 | 5.05 | 4.88 | 1.55 | 0.91 | 1.55 |
| Short-term Debt | -- | -- | -- | -- | -- | -- | 12.77 | 4.21 | 4.20 | -- | 0.40 | -- | -- | -- | -- | -- |
| Total Current Liabilities | 35.62 | 16.47 | 13.03 | 13.75 | 27.52 | 26.73 | 38.74 | 19.66 | 17.76 | 16.86 | 13.44 | 16.54 | 16.86 | 5.88 | 4.62 | 8.03 |
| Long-term Debt | 47.47 | 22.00 | 19.90 | 23.02 | 10.71 | 13.55 | 12.77 | 14.79 | 15.78 | 17.37 | -- | 13.39 | 13.03 | 5.64 | 6.66 | 6.48 |
| Total Non-current Liabilities* | 61.49 | 22.91 | 21.18 | 23.38 | 11.75 | 14.59 | 0.62 | 22.62 | 22.31 | 23.16 | 24.87 | 25.54 | 26.96 | 6.14 | 7.25 | 7.12 |
| Total Liabilities | 97.11 | 39.38 | 34.21 | 37.12 | 39.27 | 41.32 | 39.36 | 42.29 | 40.08 | 40.02 | 38.31 | 42.08 | 43.82 | 12.02 | 11.87 | 15.15 |
| Retained Earnings | (72.59) | (63.16) | (55.30) | (53.49) | (54.02) | (54.07) | (53.45) | (54.76) | (52.83) | (51.41) | (49.07) | (48.52) | (49.78) | (50.53) | (50.19) | (51.21) |
| Total Stockholder Equity | 13.06 | 21.89 | 29.44 | 29.87 | 28.29 | 28.24 | 28.85 | 27.40 | 23.86 | 25.08 | 26.40 | 26.44 | 19.06 | 9.77 | 9.71 | 8.29 |
* 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 | 16.35 | 23.92 | 10.55 | 13.03 | 9.73 | 11.01 | 14.44 | 13.12 | 12.29 | 14.46 | 11.57 | 9.20 | 9.94 | 26.21 | 5.01 | 5.67 | 6.46 | 3.12 | 2.22 | 1.30 |
| Cost of Revenue | 10.75 | 12.45 | 5.77 | 8.01 | 5.28 | 6.14 | 7.85 | 6.33 | 6.52 | 6.97 | 6.27 | 4.90 | 4.86 | 11.81 | 3.81 | 4.61 | 5.38 | 2.54 | 1.59 | 0.87 |
| Gross Profit | 5.60 | 11.47 | 4.78 | 5.02 | 4.45 | 4.87 | 6.59 | 6.79 | 5.76 | 7.49 | 5.30 | 4.30 | 5.09 | 4.67 | 4.51 | 4.66 | 3.89 | 1.90 | 2.35 | 1.88 |
| Research & Development | -- | -- | -- | -- | -- | -- | -- | -- | 0.51 | 0.44 | 0.39 | 0.38 | 0.37 | 0.35 | 0.24 | 0.42 | 0.24 | 0.10 | 0.23 | 0.06 |
| Selling, General & Admin | 8.90 | 8.98 | 4.96 | 5.19 | 3.93 | 5.57 | 3.93 | 4.53 | 3.03 | 2.67 | 2.63 | 2.60 | 2.90 | 3.79 | 2.79 | 2.56 | 2.75 | 1.98 | 1.85 | 1.67 |
| Total Operating Expenses | 11.80 | 11.01 | 12.05 | 6.35 | 5.18 | 5.58 | 5.45 | 6.20 | 5.84 | 5.52 | 5.14 | 5.00 | 5.18 | 5.88 | 4.80 | 4.63 | 4.91 | 3.42 | 2.75 | 2.29 |
| Operating Income | (6.21) | 0.46 | (7.27) | (1.33) | (0.72) | (0.71) | 1.14 | 0.59 | (0.08) | 1.98 | 0.16 | (0.70) | (0.09) | (1.21) | (0.28) | 0.03 | (1.01) | (1.52) | (0.40) | (0.41) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | 0.66 | 0.67 | 0.73 | 0.79 | 0.80 | 0.79 | 0.76 | 0.75 | 0.45 | 0.19 | 0.19 | 0.18 |
| Pretax Income | (7.99) | (0.79) | (7.94) | (1.84) | 3.47 | (2.96) | 0.25 | (0.59) | (0.10) | 1.43 | (1.95) | (1.38) | (0.96) | (1.30) | (0.56) | 1.32 | 2.51 | (1.71) | (0.34) | 1.03 |
| Tax Provision | (0.53) | 1.18 | (0.08) | (0.03) | 0.10 | (0.12) | 0.19 | 0.03 | 0.01 | 0.01 | (0.01) | 0.05 | 0.04 | 0.03 | (0.01) | 0.05 | 0.00 | 0.01 | 0.00 | 0.01 |
| Net Income | (7.46) | (1.96) | (7.86) | (1.82) | 3.37 | (2.84) | 0.05 | (0.61) | (0.11) | 1.42 | (1.93) | (1.42) | (1.00) | (1.33) | (0.55) | 1.26 | 2.50 | (1.72) | (0.34) | 1.02 |
| Basic EPS | (0.74) | (0.21) | (0.75) | (0.17) | 0.32 | (0.28) | 0.01 | (0.06) | (0.01) | 0.20 | (0.22) | (0.19) | (0.14) | 0.08 | (0.03) | 0.06 | 0.17 | (0.15) | (0.03) | 0.09 |
| Diluted EPS | -- | -- | (0.75) | (0.17) | 0.32 | (0.28) | 0.01 | (0.06) | (0.01) | 0.20 | (0.22) | (0.19) | (0.14) | 0.08 | (0.03) | 0.06 | 0.17 | (0.15) | (0.03) | 0.09 |
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 | (1.72) | (6.92) | (1.61) | 0.77 | (2.45) | (1.37) | 0.54 | 2.27 | 1.94 | (3.14) | 1.96 | 2.48 | 3.87 | 0.34 | (0.99) | (1.26) | 1.20 | 0.84 | -0.00 | (0.34) |
| Capital Expenditures | 0.18 | 0.10 | 0.10 | 0.10 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.02 | 0.07 | 0.19 | 0.03 | 0.03 | 0.09 | 0.02 | 0.01 | 0.01 | 0.00 | 0.01 |
| Free Cash Flow* | (1.91) | (7.01) | (1.71) | 0.67 | (2.46) | (1.37) | 0.54 | 2.27 | 1.93 | (3.16) | 1.89 | 2.29 | 3.84 | 0.32 | (1.08) | (1.29) | 1.19 | 0.83 | -0.00 | (0.35) |
| Investing Cash Flow | (0.55) | (38.50) | (0.71) | (0.64) | (0.62) | (0.50) | (0.81) | (0.66) | (0.83) | (0.89) | (0.93) | (1.17) | (1.03) | (1.21) | (0.72) | (1.58) | (17.97) | (0.73) | (0.23) | (0.09) |
| Financing Cash Flow | 2.52 | 46.66 | 2.06 | (3.16) | 3.18 | 2.04 | (2.95) | (0.42) | (1.12) | (1.44) | 4.09 | (1.95) | (0.56) | 1.68 | (0.31) | (0.31) | 19.87 | 0.00 | 0.00 | (0.10) |
* Derived from reported values
