Financial Statements — CTNT
Balance Sheet
(in millions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 |
|---|
| Cash & Equivalents | 0.71 | 0.15 | 0.19 | 0.32 | 5.29 | 6.29 | 0.90 | 0.70 | 0.59 |
| Accounts Receivable | 0.00 | 0.01 | 0.02 | 0.06 | 3.29 | 5.13 | 4.94 | 5.60 | 2.15 |
| Inventory | -- | -- | -- | -- | -- | -- | 0.20 | 5.34 | 6.96 |
| Total Current Assets | 48.38 | 9.74 | 9.92 | 10.25 | 12.42 | 13.62 | 7.84 | 12.65 | 10.83 |
| Property, Plant & Equipment | 0.35 | 0.37 | 0.38 | 0.39 | 0.41 | 0.42 | 0.06 | -- | -- |
| Goodwill | 0.48 | 0.48 | 1.04 | 1.04 | 0.57 | 0.57 | 0.45 | -- | -- |
| Intangible Assets | 0.77 | 0.82 | 1.01 | 1.03 | 0.48 | 0.49 | 0.51 | -- | -- |
| Total Non-current Assets* | 2.62 | 3.06 | 3.98 | 4.26 | 4.41 | 2.65 | 2.10 | 0.25 | 0.31 |
| Total Assets | 51.00 | 12.80 | 13.90 | 14.51 | 16.83 | 16.28 | 9.93 | 12.90 | 11.14 |
| Accounts Payable | 0.01 | 0.00 | 0.00 | 0.03 | 0.01 | 0.00 | 0.05 | 0.09 | -- |
| Short-term Debt | -- | -- | -- | -- | -- | 1.00 | -- | -- | 0.09 |
| Total Current Liabilities | 1.12 | 1.30 | 0.98 | 0.92 | 0.84 | 1.24 | 1.54 | 5.14 | 7.71 |
| Long-term Debt | 0.60 | 0.62 | 0.63 | 0.64 | 0.65 | 0.66 | 0.67 | 0.69 | 0.69 |
| Total Non-current Liabilities* | 0.98 | 1.36 | 1.54 | 1.71 | 2.04 | 1.22 | 1.27 | 0.82 | 0.84 |
| Total Liabilities | 2.10 | 2.66 | 2.52 | 2.63 | 2.87 | 2.46 | 2.82 | 5.96 | 8.55 |
| Retained Earnings | (8.95) | (7.26) | (5.95) | (5.43) | (2.53) | (0.71) | (0.10) | 0.55 | 0.42 |
| Total Stockholder Equity | 48.89 | 10.14 | 11.38 | 11.88 | 13.95 | 13.81 | 7.12 | 6.94 | 2.59 |
* 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 |
|---|
| Total Revenue | 0.09 | 0.09 | 0.36 | 0.35 | 0.48 | (1.41) | 0.06 | 0.29 | 1.51 | 5.84 | 10.04 | 12.22 |
| Cost of Revenue | 0.07 | 0.06 | 0.32 | 0.32 | 0.42 | (1.50) | 0.03 | 0.26 | 1.48 | 5.16 | 8.87 | 10.97 |
| Gross Profit | 0.02 | 0.03 | 0.04 | 0.03 | 0.06 | 0.09 | 0.03 | 0.03 | 0.03 | 0.68 | 1.17 | 1.25 |
| Selling, General & Admin | 0.77 | 1.02 | 0.80 | 0.81 | 1.00 | 0.91 | 1.10 | 0.87 | 0.77 | 0.51 | 0.53 | 0.57 |
| Total Operating Expenses | 0.78 | 1.31 | 1.61 | 0.82 | 1.02 | (0.29) | 2.48 | 0.88 | 0.85 | 0.58 | 0.71 | 0.71 |
| Operating Income | (0.76) | (1.27) | (1.56) | (0.78) | (0.96) | 0.38 | (2.45) | (0.85) | (0.82) | 0.11 | 0.45 | 0.55 |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | 0.06 | 0.18 | 0.29 | 0.33 |
| Pretax Income | (0.61) | (1.07) | (1.31) | (0.50) | (0.75) | 0.64 | (2.38) | (0.86) | (0.85) | (0.05) | 0.17 | 0.21 |
| Tax Provision | 0.00 | -0.00 | 0.01 | 0.00 | 0.01 | 0.84 | (0.56) | (0.25) | (0.25) | (0.01) | 0.04 | 0.06 |
| Net Income | (0.62) | (1.07) | (1.31) | (0.51) | (0.75) | (2.15) | (1.82) | (0.61) | (0.61) | (0.04) | 0.12 | 0.16 |
| Basic EPS | (4.53) | (0.32) | (0.41) | (0.16) | (0.23) | (1.53) | (1.06) | (0.03) | (0.03) | 0.00 | 0.01 | 0.01 |
| Diluted EPS | (4.53) | (0.32) | (0.41) | (0.16) | (0.23) | (1.53) | (1.06) | (0.03) | (0.03) | 0.00 | 0.01 | 0.01 |
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 |
|---|
| Operating Cash Flow | (2.46) | (0.74) | (0.60) | (0.43) | 1.77 | (0.36) | (0.23) | (0.87) | 1.70 | 2.74 | (1.27) | 4.15 |
| Capital Expenditures | -- | -- | -- | -- | -- | -- | 0.00 | 0.37 | -- | -- | -- | -- |
| Free Cash Flow* | -- | -- | -- | -- | -- | -- | (0.23) | (1.23) | -- | -- | -- | -- |
| Investing Cash Flow | (37.14) | 0.87 | 0.45 | 0.37 | (3.03) | (3.16) | (2.06) | (0.86) | (0.05) | -- | -- | -- |
| Financing Cash Flow | 40.08 | (0.06) | 0.12 | (0.07) | (0.07) | (0.12) | 1.28 | 7.12 | (1.18) | (2.34) | 1.39 | (3.61) |
* Derived from reported values
