Financial Statements — EQ
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 | 61.32 | 33.12 | 11.50 | 14.50 | 15.45 | 11.06 | 11.57 | 34.38 | 25.62 | 24.50 | 25.73 | 23.81 | 26.24 | 77.16 | 73.53 | 50.86 |
| Accounts Receivable | -- | -- | -- | -- | 5.01 | 5.89 | 5.05 | 3.77 | 3.74 | 3.42 | -- | -- | -- | -- | -- | -- |
| Total Current Assets | 62.28 | 33.58 | 11.95 | 16.22 | 33.65 | 41.89 | 42.48 | 53.91 | 57.36 | 70.22 | 46.78 | 60.48 | 72.08 | 92.17 | 99.57 | 106.62 |
| Property, Plant & Equipment | 0.21 | 0.17 | 0.20 | 0.23 | 0.29 | 0.33 | 0.36 | 0.31 | 0.33 | 0.36 | 0.42 | 0.45 | 0.46 | 0.24 | 0.25 | 0.22 |
| Total Non-current Assets* | 0.81 | 0.93 | 0.45 | 0.51 | 0.81 | 0.97 | 1.12 | 1.31 | 1.41 | 1.57 | 1.86 | 1.99 | 2.15 | 0.30 | 0.27 | 0.22 |
| Total Assets | 63.08 | 34.51 | 12.40 | 16.73 | 34.46 | 42.86 | 43.60 | 55.23 | 58.76 | 71.79 | 48.63 | 62.47 | 74.24 | 92.47 | 99.84 | 106.84 |
| Accounts Payable | 1.30 | 1.08 | 4.81 | 3.06 | 3.67 | 4.49 | 2.78 | 3.64 | 3.03 | 5.69 | 2.47 | 5.09 | 4.21 | 2.67 | 1.82 | 2.32 |
| Total Current Liabilities | 3.35 | 3.09 | 7.23 | 6.00 | 11.06 | 20.17 | 22.21 | 28.20 | 25.22 | 32.02 | 14.93 | 15.19 | 13.11 | 7.78 | 4.98 | 7.42 |
| Long-term Debt | -- | -- | -- | -- | -- | -- | -- | -- | -- | 7.64 | 10.33 | 10.28 | 10.23 | 10.12 | 10.07 | 10.01 |
| Total Non-current Liabilities* | 0.25 | 0.47 | 0.11 | 0.15 | 0.22 | 0.26 | 0.30 | 2.92 | 6.57 | 10.50 | 5.54 | 7.02 | 8.49 | 8.89 | 10.08 | 7.54 |
| Total Liabilities | 3.60 | 3.57 | 7.34 | 6.15 | 11.28 | 20.43 | 22.50 | 31.12 | 31.78 | 42.52 | 20.47 | 22.21 | 21.61 | 16.67 | 15.06 | 14.96 |
| Retained Earnings | (221.52) | (212.43) | (208.20) | (202.46) | (188.01) | (188.01) | (188.47) | (183.40) | (179.69) | (176.34) | (175.18) | (161.52) | (147.39) | (99.36) | (89.07) | (79.92) |
| Total Stockholder Equity | 59.49 | 30.94 | 5.06 | 10.58 | 23.18 | 22.43 | 21.09 | 24.11 | 26.98 | 29.27 | 28.16 | 40.27 | 52.63 | 75.80 | 84.77 | 91.88 |
* 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 | -- | -- | -- | 24.54 | -- | 4.39 | 12.16 | 13.85 | 10.69 | 9.21 | 8.87 | 9.12 | 8.88 | -- | -- | -- | -- | -- | -- | -- |
| Research & Development | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 7.55 | 6.97 | 5.99 |
| Selling, General & Admin | 2.62 | 2.43 | 3.27 | 2.15 | 2.95 | 1.78 | 3.28 | 3.15 | 3.74 | 3.23 | 3.52 | 3.11 | 3.72 | 5.19 | 4.47 | 4.06 | 3.52 | 2.84 | 2.90 | 2.86 |
| Total Operating Expenses | 5.61 | 3.96 | 4.58 | 6.23 | 8.87 | 9.09 | 12.84 | 13.95 | 13.48 | 12.41 | 12.49 | 12.72 | 12.99 | 13.72 | 13.24 | 13.55 | 37.33 | 10.39 | 9.86 | 8.84 |
| Operating Income | (5.61) | (3.96) | (4.57) | (6.23) | (8.87) | (4.70) | (0.68) | (0.10) | (2.79) | (3.20) | (3.62) | (3.59) | (4.11) | 2.04 | (13.24) | (13.55) | (37.33) | (10.39) | (9.86) | (8.84) |
| Pretax Income | -- | -- | -- | -- | -- | -- | -- | -- | (2.73) | (2.33) | (3.21) | (3.33) | (3.88) | 2.77 | -- | -- | -- | -- | -- | -- |
| Tax Provision | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.36 | 0.00 | 0.00 | 0.00 | 0.02 | 0.50 | 0.01 | 0.06 | 0.00 | -- | -- | -- | -- | -- | -- |
| Net Income | (5.31) | (3.77) | (4.23) | (5.74) | (8.65) | (5.79) | (0.01) | 0.47 | (2.73) | (2.34) | (3.71) | (3.34) | (3.94) | 2.77 | (13.65) | (14.13) | (37.42) | (10.62) | (10.28) | (9.16) |
| Basic EPS | (0.06) | 0.07 | (0.06) | (0.16) | (0.24) | (0.16) | 0.00 | 0.01 | (0.08) | (0.06) | (0.11) | (0.10) | (0.11) | 0.10 | (0.40) | (0.41) | -- | -- | -- | -- |
| Diluted EPS | (0.06) | 0.07 | (0.06) | (0.16) | (0.24) | (0.16) | 0.00 | 0.01 | (0.08) | (0.06) | (0.11) | (0.10) | (0.11) | 0.10 | (0.40) | (0.41) | -- | -- | -- | -- |
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 | (4.30) | (3.13) | (8.43) | (3.01) | (8.17) | (3.30) | (7.66) | 0.73 | (8.80) | (5.66) | (1.91) | (6.21) | (7.99) | 27.73 | (13.06) | (11.26) | (12.13) | (10.13) | (7.01) | (6.99) |
| Capital Expenditures | 0.00 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.06 | 0.02 | 0.04 | 0.02 | -- | -- | 0.00 | 0.00 | 0.05 | 0.22 | 0.00 | 0.03 | 0.02 |
| Free Cash Flow* | (4.30) | (3.18) | (8.43) | (3.01) | (8.17) | (3.30) | (7.66) | 0.67 | (8.82) | (5.70) | (1.92) | -- | -- | 27.72 | (13.06) | (11.31) | (12.36) | (10.13) | (7.04) | (7.02) |
| Investing Cash Flow | -0.00 | (0.03) | 0.00 | 0.00 | 4.50 | 6.00 | 12.00 | (1.35) | (2.83) | (5.57) | 10.99 | 15.00 | (25.18) | 6.98 | 15.00 | 8.69 | (11.98) | (16.89) | 10.47 | 28.97 |
| Financing Cash Flow | 35.35 | 0.28 | 30.07 | (0.02) | 0.09 | 0.07 | 0.00 | 0.09 | -- | 0.08 | (0.26) | (7.62) | (1.43) | (1.36) | 0.00 | 0.14 | -- | 0.23 | 0.17 | 0.70 |
* Derived from reported values
