Financial Statements — CRMD
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 | 178.09 | 48.49 | 159.31 | 66.29 | 35.29 | 28.54 | 35.18 | 53.31 | 19.70 | 25.27 | 43.25 | 48.93 | 45.39 | 66.32 | 73.09 | 76.21 |
| Short-term Investments | 0.00 | 8.09 | 31.40 | 11.22 | 10.74 | 17.07 | 23.37 | 33.27 | 32.70 | 30.33 | 15.75 | 15.69 | 16.30 | 5.65 | 5.16 | 4.96 |
| Accounts Receivable | 154.81 | 158.57 | 42.91 | 54.61 | 17.39 | 0.21 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Inventory | 30.73 | 28.92 | 9.63 | 7.49 | 6.65 | 4.01 | 2.32 | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.05 | 0.07 | 0.09 |
| Total Current Assets | 383.11 | 259.54 | 248.06 | 144.86 | 73.15 | 53.19 | 63.41 | 89.06 | 54.62 | 56.78 | 59.66 | 65.36 | 62.50 | 72.99 | 79.69 | 83.06 |
| Property, Plant & Equipment | 6.17 | 4.35 | 1.64 | 1.73 | 1.90 | 1.92 | 1.91 | 1.59 | 1.60 | 1.61 | 1.50 | 1.45 | 1.46 | 1.37 | 0.11 | 0.11 |
| Goodwill | 30.00 | 17.52 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Intangible Assets | 368.77 | 254.61 | 1.74 | 1.79 | 1.90 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Assets* | 432.52 | 491.33 | 4.54 | 4.72 | 4.43 | 4.54 | 4.61 | 2.37 | 2.41 | 2.45 | 2.41 | 2.39 | 2.43 | 2.40 | 1.17 | 1.20 |
| Total Assets | 815.64 | 750.86 | 252.60 | 149.58 | 77.59 | 57.73 | 68.02 | 91.43 | 57.03 | 59.23 | 62.08 | 67.75 | 64.93 | 75.39 | 80.86 | 84.26 |
| Accounts Payable | 12.83 | 20.45 | 5.82 | 1.93 | 1.34 | 3.34 | 2.83 | 2.39 | 2.90 | 1.45 | 1.77 | 2.50 | 1.74 | 1.11 | 0.94 | 1.50 |
| Total Current Liabilities | 128.78 | 133.64 | 31.71 | 34.39 | 18.48 | 11.11 | 9.53 | 7.67 | 7.39 | 4.67 | 5.06 | 5.27 | 4.29 | 5.21 | 3.12 | 3.05 |
| Total Non-current Liabilities* | 249.81 | 243.09 | 0.26 | 0.30 | 0.39 | 0.44 | 0.48 | 0.56 | 0.59 | 0.63 | 0.70 | 0.74 | 0.77 | 0.83 | 0.86 | 0.89 |
| Total Liabilities | 378.59 | 376.73 | 31.97 | 34.69 | 18.87 | 11.55 | 10.01 | 8.23 | 7.98 | 5.31 | 5.76 | 6.01 | 5.06 | 6.05 | 3.99 | 3.94 |
| Retained Earnings | (137.97) | (190.60) | (299.16) | (318.99) | (353.09) | (350.32) | (336.17) | (306.95) | (297.20) | (285.93) | (267.15) | (260.30) | (252.69) | (237.87) | (229.30) | (224.67) |
| Total Stockholder Equity | 437.05 | 374.13 | 220.63 | 114.89 | 58.71 | 46.18 | 58.01 | 83.20 | 49.05 | 53.93 | 56.31 | 61.74 | 59.87 | 69.34 | 76.87 | 80.32 |
* 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 | 127.43 | 128.62 | 101.55 | 39.74 | 39.08 | 31.21 | 11.46 | 0.81 | -- | -- | -- | -- | -- | 0.03 | 0.01 | 0.02 | 0.01 | 0.06 | 0.04 | 0.01 |
| Cost of Revenue | 12.01 | 11.06 | 7.57 | 1.86 | 1.60 | 1.18 | 0.69 | 0.51 | 0.82 | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.05 | 0.03 | 0.01 |
| Gross Profit | 105.12 | 107.31 | 93.08 | 37.87 | 37.48 | 30.03 | 10.77 | 0.30 | (0.82) | -- | -- | -- | -- | 0.03 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | (0.01) |
| Research & Development | 7.21 | 8.60 | 5.10 | 2.44 | 3.19 | 1.73 | 0.73 | 0.65 | 0.84 | 2.29 | 2.66 | 4.79 | 3.41 | 2.84 | 2.34 | 3.21 | 2.29 | 3.24 | 4.74 | 2.52 |
| Selling, General & Admin | 21.72 | 23.57 | 25.45 | 9.50 | 9.69 | 7.11 | 6.58 | 7.56 | 15.05 | 13.38 | 7.80 | 7.01 | 7.61 | 5.58 | 4.63 | 5.05 | 4.75 | 4.55 | 3.84 | 3.36 |
| Total Operating Expenses | 41.46 | 48.18 | 41.73 | 18.33 | 17.36 | 17.10 | 14.06 | 15.60 | 15.89 | 15.67 | 10.47 | 11.80 | 11.02 | 8.42 | 6.97 | 8.26 | 7.04 | 7.79 | 8.58 | 5.88 |
| Operating Income | 63.66 | 59.13 | 51.35 | 19.54 | 20.13 | 12.94 | (3.29) | (15.30) | (16.70) | (15.67) | (10.47) | (11.80) | (11.02) | (8.39) | (6.96) | (8.24) | (7.03) | (7.78) | (8.56) | (5.88) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 | 0.00 |
| Pretax Income | 55.65 | 56.45 | 52.58 | 20.35 | 20.64 | 13.46 | (2.78) | (14.15) | (15.86) | -- | -- | -- | -- | (8.21) | (6.85) | (8.19) | -- | (7.79) | (8.57) | (5.88) |
| Tax Provision | 17.04 | 42.43 | (55.99) | 0.52 | -- | 0.00 | 0.00 | 0.00 | (1.39) | -- | -- | -- | -- | 0.00 | 0.00 | (0.59) | -- | 0.00 | 0.00 | (1.25) |
| Net Income | 38.60 | 14.02 | 108.56 | 19.83 | 20.64 | 13.46 | (2.78) | (14.15) | (14.47) | (14.75) | (9.74) | (11.27) | (10.57) | (8.21) | (6.85) | (7.60) | (7.03) | (7.79) | (8.57) | (4.63) |
| Basic EPS | 0.48 | 0.22 | 1.42 | 0.29 | 0.32 | 0.25 | (0.05) | (0.25) | (0.25) | (0.25) | (0.17) | (0.25) | (0.24) | (0.20) | (0.17) | (0.19) | (0.18) | -- | -- | -- |
| Diluted EPS | 0.43 | 0.20 | 1.26 | 0.28 | 0.30 | 0.25 | (0.05) | (0.25) | (0.25) | (0.25) | (0.17) | (0.25) | (0.24) | (0.20) | (0.17) | (0.19) | -- | -- | -- | -- |
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 | 42.38 | 94.46 | 30.86 | 29.99 | 19.74 | (5.61) | (13.65) | (14.04) | (17.31) | (10.75) | (8.70) | (8.57) | (10.39) | (6.15) | (6.00) | (5.46) | (6.74) | (5.87) | (5.50) | (3.09) |
| Capital Expenditures | 0.73 | 1.72 | 0.51 | 0.02 | 0.01 | 0.01 | 0.01 | 0.03 | 0.06 | 0.30 | 0.01 | 0.01 | 0.01 | 0.13 | 0.08 | 0.01 | 0.00 | 0.63 | 0.78 | 0.01 |
| Free Cash Flow* | 41.65 | 92.74 | 30.35 | 29.97 | 19.73 | (5.62) | (13.66) | (14.07) | (17.37) | (11.04) | (8.71) | (8.58) | (10.41) | (6.28) | (6.07) | (5.47) | (6.75) | (6.50) | (6.28) | (3.10) |
| Investing Cash Flow | 2.97 | 3.30 | (291.32) | (20.21) | (0.19) | (0.30) | 6.32 | 6.27 | 8.94 | 0.60 | (0.59) | (2.39) | (14.69) | -0.00 | (0.11) | 0.59 | (4.19) | (7.13) | (1.27) | (0.21) |
| Financing Cash Flow | (12.10) | (1.41) | 150.53 | 83.24 | 6.09 | 11.28 | 14.07 | 1.06 | (0.10) | 0.47 | 42.90 | 5.35 | 7.20 | 6.05 | 0.44 | 8.41 | 3.00 | 0.00 | 0.00 | 0.18 |
* Derived from reported values
