Financial Statements — CTSO
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 | 4.81 | 7.54 | 10.20 | 11.59 | 5.69 | 8.46 | 8.61 | 8.36 | 13.15 | 19.05 | 22.55 | 30.16 | 43.02 | 61.04 | 65.61 | 68.47 |
| Accounts Receivable | 7.15 | 7.43 | 7.74 | 7.67 | 6.63 | 7.82 | 6.77 | 6.18 | 7.02 | 5.53 | 4.96 | 5.17 | 4.58 | 5.24 | 5.75 | 5.02 |
| Inventory | 4.48 | 4.00 | 3.71 | 3.02 | 3.25 | 4.32 | 3.74 | 2.98 | 2.05 | 1.73 | 3.54 | 4.98 | 5.45 | 4.53 | 3.69 | 3.11 |
| Total Current Assets | 17.76 | 21.31 | 22.99 | 25.41 | 16.60 | 21.96 | 19.99 | 19.26 | 23.64 | 28.16 | 32.38 | 41.65 | 55.85 | 72.75 | 77.08 | 79.63 |
| Property, Plant & Equipment | 7.51 | 8.19 | 8.47 | 8.72 | 9.27 | 9.42 | 9.75 | 10.28 | 10.50 | 10.70 | 10.71 | 10.22 | 7.85 | 3.80 | 3.06 | 2.40 |
| Intangible Assets | 2.95 | 3.59 | 3.74 | 3.70 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Assets* | 22.81 | 24.44 | 25.00 | 25.37 | 31.21 | 31.47 | 27.08 | 28.31 | 28.80 | 29.30 | 29.89 | 29.56 | 27.42 | 22.32 | 21.11 | 7.84 |
| Total Assets | 40.56 | 45.75 | 47.99 | 50.78 | 47.80 | 53.43 | 47.07 | 47.58 | 52.44 | 57.46 | 62.27 | 71.21 | 83.27 | 95.07 | 98.19 | 87.48 |
| Accounts Payable | 3.13 | 3.04 | 3.39 | 3.33 | 2.34 | 3.05 | 2.40 | 3.44 | 2.84 | 2.99 | 2.35 | 2.13 | 4.83 | 3.36 | 2.17 | 1.68 |
| Total Current Liabilities | 16.30 | 10.11 | 9.84 | 9.74 | 8.43 | 10.34 | 13.42 | 11.97 | 10.35 | 10.44 | 10.12 | 10.55 | 14.67 | 11.07 | 10.80 | 9.76 |
| Long-term Debt | 16.96 | 14.57 | 14.38 | 14.19 | 13.81 | 13.67 | 4.43 | 5.03 | 5.02 | 5.01 | -- | -- | -- | -- | -- | -- |
| Total Non-current Liabilities* | 22.07 | 26.62 | 26.56 | 26.50 | 26.37 | 26.35 | 14.72 | 17.09 | 18.00 | 18.07 | 13.01 | 13.09 | 13.17 | 13.39 | 13.01 | 0.46 |
| Total Liabilities | 38.37 | 36.73 | 36.40 | 36.24 | 34.80 | 36.69 | 28.14 | 29.06 | 28.35 | 28.51 | 23.13 | 23.65 | 27.84 | 24.46 | 23.81 | 10.22 |
| Retained Earnings | (317.34) | (306.71) | (303.54) | (305.49) | (295.34) | (293.01) | (288.86) | (276.67) | (267.48) | (261.32) | (253.23) | (241.03) | (230.15) | (211.88) | (205.47) | (200.79) |
| Total Stockholder Equity | 2.19 | 9.02 | 11.59 | 14.54 | 13.00 | 16.74 | 18.93 | 18.51 | 24.09 | 28.96 | 39.14 | 47.56 | 55.43 | 70.61 | 74.38 | 77.26 |
* 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 | 8.86 | 9.23 | 9.49 | 9.62 | 8.73 | 6.52 | 9.39 | 9.89 | 9.79 | 8.67 | 8.81 | 9.42 | 9.45 | 9.39 | 8.11 | 8.50 | 8.69 | 10.78 | 9.76 | 12.02 |
| Cost of Revenue | 2.73 | 2.43 | 2.82 | 2.80 | 2.52 | (0.25) | 4.11 | 3.39 | 3.22 | 3.36 | 3.20 | 3.40 | 3.99 | 3.63 | 4.49 | 3.55 | 2.28 | 3.12 | 2.46 | 2.71 |
| Gross Profit | 6.13 | 6.80 | 6.67 | 6.81 | 6.21 | 6.77 | 5.28 | 6.50 | 6.57 | 5.31 | 5.61 | 6.02 | 5.46 | 5.76 | 3.62 | 4.94 | 6.41 | 7.66 | 7.30 | 9.31 |
| Research & Development | 1.02 | -- | -- | -- | -- | -- | 1.85 | 1.52 | 2.25 | 4.10 | 3.75 | 3.67 | 4.21 | 3.40 | 3.29 | 4.18 | 4.24 | 6.14 | 4.26 | 3.70 |
| Selling, General & Admin | 8.15 | 9.44 | 8.61 | 9.17 | 8.43 | 11.84 | 7.00 | 7.58 | 8.57 | 9.31 | 8.10 | 7.72 | 8.46 | 7.95 | 8.74 | 8.44 | 9.16 | 10.44 | 7.78 | 9.82 |
| Total Operating Expenses | 9.17 | 11.19 | 9.53 | 10.43 | 10.09 | 10.82 | 9.68 | 9.92 | 11.50 | 14.72 | 12.96 | 12.58 | 13.35 | 12.11 | 12.63 | 13.30 | 14.20 | 17.22 | 12.70 | 14.24 |
| Operating Income | (3.04) | (4.38) | (2.86) | (3.61) | (3.89) | (4.05) | (4.40) | (3.42) | (4.93) | (9.41) | (7.35) | (6.56) | (7.89) | (6.36) | (9.02) | (8.36) | (7.79) | (9.56) | (5.41) | (4.92) |
| Pretax Income | -- | (5.50) | (3.57) | -- | (1.48) | (9.57) | (2.33) | (4.14) | (6.36) | (6.65) | (9.19) | (6.15) | (7.33) | (1.86) | (12.20) | (10.88) | (8.97) | (10.04) | (6.41) | (4.68) |
| Tax Provision | 0.00 | 0.00 | (0.40) | 0.00 | 0.00 | (1.69) | 0.00 | -- | -- | -- | -- | -- | -- | (1.09) | 0.00 | 0.00 | 0.00 | (0.74) | 0.00 | 0.00 |
| Net Income | (5.13) | (5.50) | (3.17) | 1.95 | (1.48) | (7.88) | (2.33) | (4.14) | (6.36) | (5.83) | (9.19) | (6.15) | (7.33) | (0.77) | (12.20) | (10.88) | (8.97) | (9.31) | (6.41) | (4.68) |
| Basic EPS | (0.08) | (0.09) | (0.05) | 0.03 | (0.02) | (0.14) | (0.04) | (0.08) | (0.12) | (0.12) | (0.21) | (0.14) | (0.17) | (0.01) | (0.28) | (0.25) | (0.21) | (0.22) | (0.15) | -- |
| Diluted EPS | (0.08) | (0.09) | (0.05) | 0.03 | (0.02) | (0.14) | (0.04) | (0.08) | (0.12) | (0.12) | (0.21) | (0.14) | (0.17) | (0.01) | (0.28) | (0.25) | (0.21) | (0.22) | (0.15) | -- |
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 | (1.16) | (4.82) | (2.58) | (1.51) | (3.46) | (2.34) | (2.46) | (4.79) | (4.83) | (6.41) | (5.21) | (6.93) | (3.11) | (5.34) | (6.73) | (8.04) | (8.12) | (5.49) | (4.13) | (2.04) |
| Capital Expenditures | 0.01 | 0.11 | 0.02 | 0.04 | 0.00 | -- | -- | -- | 0.05 | 0.10 | 0.14 | (0.21) | 0.51 | 0.21 | 0.64 | 4.52 | 0.71 | 1.53 | 0.89 | 0.79 |
| Free Cash Flow* | (1.17) | (4.93) | (2.59) | (1.55) | (3.47) | -- | -- | -- | (4.87) | (6.50) | (5.35) | (6.72) | (3.62) | (5.55) | (7.37) | (12.56) | (8.83) | (7.02) | (5.03) | (2.82) |
| Investing Cash Flow | (0.05) | (0.29) | 0.06 | (0.13) | (0.05) | (0.12) | (0.30) | (0.12) | (0.13) | (0.14) | (0.26) | 0.14 | (0.68) | (0.21) | (0.72) | (4.69) | (0.85) | (1.67) | (1.02) | (0.98) |
| Financing Cash Flow | -- | 2.48 | 0.00 | -0.00 | 6.83 | 0.17 | (0.10) | 9.83 | (0.57) | 12.21 | 0.65 | 0.93 | 0.68 | 5.00 | 0.00 | 0.00 | (0.04) | (0.08) | 0.59 | 0.13 |
* Derived from reported values
