Financial Statements — CV
Balance Sheet
(in millions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 |
|---|
| Accounts Receivable | 1.93 | 1.87 | 1.85 |
| Inventory | 3.49 | 3.19 | 3.04 |
| Total Current Assets | 24.50 | 24.05 | 7.80 |
| Property, Plant & Equipment | 0.62 | 0.64 | 0.68 |
| Total Non-current Assets* | 1.45 | 1.62 | 1.75 |
| Total Assets | 25.95 | 25.66 | 9.55 |
| Accounts Payable | 1.36 | 1.35 | 1.16 |
| Total Current Liabilities | 5.36 | 4.64 | 4.22 |
| Total Non-current Liabilities* | 0.36 | 0.58 | 0.69 |
| Total Liabilities | 5.73 | 5.22 | 4.91 |
| Retained Earnings | (162.70) | (148.27) | (140.35) |
| Total Stockholder Equity | 20.22 | 20.44 | (138.99) |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 |
|---|
| Total Revenue | 2.79 | 3.92 | 3.54 | 3.32 |
| Cost of Revenue | 1.46 | 1.96 | 1.62 | 1.50 |
| Gross Profit | 1.33 | 1.95 | 1.91 | 1.81 |
| Research & Development | 4.43 | 5.72 | 6.09 | 3.39 |
| Selling, General & Admin | 1.90 | 1.75 | 2.07 | 1.22 |
| Total Operating Expenses | 8.42 | 9.42 | 9.93 | 6.46 |
| Operating Income | (7.09) | (7.46) | (8.02) | (4.65) |
| Pretax Income | (7.03) | (7.37) | (7.92) | (4.62) |
| Tax Provision | 0.00 | 0.02 | 0.00 | 0.00 |
| Net Income | (7.03) | (7.39) | (7.92) | (4.62) |
| Basic EPS | (0.15) | 0.02 | (0.17) | (2.02) |
| Diluted EPS | (0.15) | 0.02 | (0.17) | (2.02) |
Cash Flow Statement
(in millions USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 |
|---|
| Operating Cash Flow | (6.07) | (7.69) | (5.67) | (9.51) |
| Capital Expenditures | 0.05 | 0.01 | 0.01 | 0.07 |
| Free Cash Flow* | (6.11) | (7.69) | (5.68) | (9.58) |
| Investing Cash Flow | (0.05) | (0.01) | (0.01) | (0.07) |
| Financing Cash Flow | 13.95 | 0.02 | 22.39 | 1.20 |
* Derived from reported values
