Financial Statements — ETON
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 | 19.66 | 37.12 | 25.38 | 17.42 | 20.26 | 17.69 | 16.66 | 22.07 | 21.57 | 14.71 | 13.38 | 17.05 | 15.23 | 22.71 | 25.80 | 25.11 |
| Accounts Receivable | 13.41 | 13.08 | 14.45 | 16.40 | 5.59 | 4.87 | 4.24 | 3.50 | 3.08 | 2.87 | 1.50 | 0.83 | 0.80 | 0.39 | 0.30 | 0.30 |
| Inventory | 14.47 | 16.86 | 23.79 | 13.62 | 1.94 | 2.07 | 2.32 | 1.05 | 0.82 | 0.44 | 0.48 | 0.53 | 0.51 | 0.33 | 1.24 | 1.35 |
| Total Current Assets | 53.25 | 72.00 | 68.44 | 49.96 | 29.75 | 25.43 | 24.26 | 27.16 | 26.33 | 19.12 | 16.42 | 19.78 | 18.75 | 25.86 | 29.08 | 30.27 |
| Property, Plant & Equipment | 0.37 | 0.29 | 0.02 | 0.02 | 0.03 | 0.05 | 0.06 | 0.04 | 0.05 | 0.06 | 0.07 | 0.09 | 0.11 | 0.13 | 0.16 | 0.18 |
| Intangible Assets | 43.74 | 31.88 | 32.88 | 33.88 | 5.85 | 6.12 | 6.39 | 4.21 | 4.39 | 4.57 | 4.97 | 3.11 | 4.24 | 0.46 | 0.50 | 0.54 |
| Total Non-current Assets* | 44.47 | 32.51 | 33.23 | 34.07 | 6.09 | 6.39 | 6.53 | 4.37 | 4.60 | 4.81 | 5.10 | 3.27 | 4.45 | 0.74 | 0.83 | 0.91 |
| Total Assets | 97.71 | 104.51 | 101.68 | 84.03 | 35.84 | 31.82 | 30.79 | 31.53 | 30.93 | 23.93 | 21.52 | 23.05 | 23.20 | 26.61 | 29.91 | 31.19 |
| Accounts Payable | 13.49 | 14.26 | 12.14 | 4.87 | 2.68 | 2.13 | 2.26 | 1.71 | 2.30 | 1.23 | 1.05 | 1.30 | 2.13 | 3.27 | 1.52 | 1.76 |
| Short-term Debt | 11.81 | 2.78 | 2.77 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 44.18 | 44.18 | 38.60 | 25.35 | 19.73 | 18.22 | 15.30 | 10.39 | 9.59 | 7.49 | 4.66 | 3.81 | 3.48 | 5.36 | 3.11 | 3.20 |
| Long-term Debt | 18.94 | 27.59 | 27.41 | 29.99 | -- | -- | -- | 4.20 | 4.55 | 5.11 | 5.68 | 5.99 | 6.33 | 5.55 | 5.86 | 6.18 |
| Total Non-current Liabilities* | 22.92 | 37.20 | 39.12 | 34.23 | 0.13 | 0.14 | 0.00 | 4.24 | 4.62 | 5.19 | 5.68 | 5.99 | 6.33 | 5.59 | 6.06 | 6.43 |
| Total Liabilities | 67.10 | 81.38 | 77.72 | 59.58 | 19.86 | 18.36 | 15.30 | 14.63 | 14.21 | 12.69 | 10.34 | 9.80 | 9.81 | 10.95 | 9.17 | 9.63 |
| Retained Earnings | (110.94) | (113.98) | (112.05) | (109.46) | (107.29) | (107.92) | (104.88) | (101.81) | (101.23) | (105.79) | (104.05) | (101.00) | (99.44) | (95.15) | (89.06) | (87.04) |
| Total Stockholder Equity | 30.62 | 23.13 | 23.96 | 24.45 | 15.98 | 13.46 | 15.49 | 16.89 | 16.73 | 11.24 | 11.18 | 13.24 | 13.38 | 15.66 | 20.74 | 21.56 |
* 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 | 24.27 | 21.28 | 22.46 | 18.93 | 17.28 | 11.65 | 10.32 | 9.07 | 7.97 | 7.31 | 7.03 | 12.00 | 5.30 | 8.50 | 3.22 | 7.36 | 2.18 | 6.09 | 0.78 | 3.07 |
| Cost of Revenue* | 9.53 | 8.18 | 14.60 | 7.00 | 7.42 | 5.17 | 4.02 | 3.45 | 2.96 | 3.68 | 2.63 | 2.32 | 1.96 | 2.27 | 1.20 | 2.75 | 0.72 | 0.28 | 0.62 | 0.14 |
| Gross Profit | 14.74 | 13.10 | 7.86 | 11.92 | 9.86 | 6.48 | 6.30 | 5.63 | 5.01 | 3.63 | 4.40 | 9.68 | 3.35 | 6.23 | 2.02 | 4.61 | 1.46 | 5.81 | 0.16 | 2.93 |
| Research & Development | 1.88 | 1.78 | 1.11 | 3.71 | 1.16 | (0.87) | 0.51 | 2.97 | 0.65 | 1.05 | 0.62 | 1.13 | 0.54 | 0.94 | 0.74 | 0.69 | 1.62 | 0.68 | 2.68 | 1.99 |
| Selling, General & Admin | 10.45 | 8.86 | 8.11 | 9.69 | 9.17 | 6.72 | 5.29 | 5.59 | 5.16 | 4.58 | 4.34 | 4.67 | 5.35 | 4.22 | 4.17 | 5.26 | 4.93 | 3.82 | 3.33 | 3.27 |
| Total Operating Expenses | 12.32 | 10.64 | 9.22 | 13.40 | 10.33 | 5.85 | 5.79 | 8.56 | 5.81 | 5.62 | 4.95 | 5.80 | 5.88 | 5.17 | 4.91 | 5.95 | 6.55 | 4.50 | 6.01 | 5.26 |
| Operating Income | 2.41 | 2.46 | (1.36) | (1.47) | (0.47) | 0.63 | 0.51 | (2.93) | (0.80) | (1.99) | (0.55) | 3.88 | (2.53) | 1.06 | (2.89) | (1.34) | (5.09) | 1.31 | (5.85) | (2.33) |
| Interest Expense | 1.14 | -- | 1.21 | 1.20 | 1.16 | -- | 0.21 | 0.22 | 0.24 | 0.36 | 0.81 | 0.27 | 0.27 | 0.26 | 0.23 | 0.22 | 0.25 | 0.28 | 0.25 | 0.25 |
| Pretax Income | 1.57 | 1.41 | (1.95) | (2.52) | (1.50) | (0.51) | 0.50 | (2.99) | (0.81) | (2.01) | (0.58) | 4.56 | (2.66) | 0.91 | (3.04) | (1.56) | (5.33) | 1.04 | (6.09) | (2.02) |
| Tax Provision | 0.02 | (0.07) | (0.03) | 0.07 | 0.07 | 0.09 | (0.13) | 0.05 | 0.00 | 0.25 | 0.00 | 0.00 | 0.00 | -- | -- | -- | -- | -- | -- | -- |
| Net Income | 1.55 | 1.48 | (1.93) | (2.58) | (1.57) | (0.60) | 0.63 | (3.04) | (0.81) | (2.26) | (0.58) | 4.56 | (2.66) | 0.91 | (3.04) | (1.56) | (5.33) | 1.04 | (6.09) | (2.02) |
| Basic EPS | 0.06 | 0.06 | (0.07) | (0.10) | (0.06) | (0.02) | 0.02 | (0.12) | (0.03) | 99.80 | (0.02) | 0.18 | (100.00) | 0.03 | (0.12) | (0.06) | (0.21) | -- | -- | (0.08) |
| Diluted EPS | 0.05 | -- | (0.07) | -- | -- | -- | 0.02 | (0.12) | (0.03) | -- | (0.02) | 0.18 | -- | -- | (0.12) | (0.06) | (0.21) | -- | -- | (0.08) |
* Derived from reported values
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 | 7.41 | (11.55) | 12.03 | 7.96 | 2.09 | (0.76) | 2.95 | 1.25 | (2.47) | 0.39 | 0.87 | 7.10 | (1.55) | 2.84 | (1.70) | 2.46 | 1.22 | (5.12) | (2.95) | (0.37) |
| Capital Expenditures | 0.08 | 0.05 | 0.28 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.01 | 0.02 | 0.00 | 0.00 | 0.00 |
| Free Cash Flow* | 7.33 | (11.60) | 11.74 | 7.96 | 2.09 | (0.78) | 2.95 | 1.25 | (2.49) | 0.39 | 0.87 | 7.10 | (1.55) | 2.83 | (1.70) | 2.45 | 1.21 | (5.12) | (2.95) | (0.37) |
| Investing Cash Flow | (15.07) | (0.05) | (0.28) | 0.00 | 0.00 | (38.13) | 0.00 | 0.00 | (1.88) | (0.77) | 0.00 | 0.00 | 0.00 | (0.01) | (2.00) | (0.76) | (0.01) | (3.25) | -0.00 | 0.00 |
| Financing Cash Flow | 1.39 | 0.42 | 0.00 | 0.00 | 0.39 | 33.57 | (0.38) | (0.22) | (0.38) | (0.29) | (0.37) | (0.25) | (0.05) | 0.10 | 0.04 | 0.12 | (0.38) | 0.07 | (0.14) | 0.36 |
* Derived from reported values