Financial Statements — EU
Balance Sheet
(in millions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 |
|---|
| Cash & Equivalents | 41.56 | 91.93 | 26.90 | 29.70 |
| Accounts Receivable | 5.04 | -- | -- | -- |
| Inventory | 9.93 | 10.99 | 9.68 | 6.18 |
| Total Current Assets | 133.52 | 129.14 | 49.92 | 54.04 |
| Property, Plant & Equipment | 40.51 | 37.47 | 31.68 | 28.72 |
| Intangible Assets | 0.12 | 0.13 | 0.14 | 0.14 |
| Total Non-current Assets* | 318.14 | 312.77 | 309.46 | 308.57 |
| Total Assets | 451.66 | 441.90 | 359.38 | 362.61 |
| Short-term Debt | -- | 0.00 | 10.05 | 10.05 |
| Total Current Liabilities | 12.05 | 9.47 | 19.72 | 18.36 |
| Long-term Debt | 110.22 | 109.32 | -- | -- |
| Total Non-current Liabilities* | 158.41 | 154.68 | 44.74 | 44.32 |
| Total Liabilities | 170.46 | 164.15 | 64.46 | 62.68 |
| Retained Earnings | (202.30) | (186.18) | (181.42) | (175.09) |
| Total Stockholder Equity | 254.78 | 248.57 | 264.68 | 267.86 |
* 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 |
|---|
| Total Revenue | 18.30 | 12.38 | 8.88 | 3.66 | 18.24 | 13.36 |
| Cost of Revenue | 18.36 | 7.68 | 4.99 | 2.53 | 18.26 | 13.65 |
| Gross Profit | (0.06) | 4.69 | 3.89 | 1.13 | (0.02) | (0.29) |
| Selling, General & Admin | 10.15 | 12.61 | 11.88 | 10.09 | 8.03 | 7.17 |
| Total Operating Expenses | (10.02) | 21.52 | 17.93 | 20.41 | 15.60 | 19.29 |
| Operating Income | 9.96 | (16.82) | (14.04) | (19.28) | (15.63) | (19.58) |
| Pretax Income | 2.32 | (22.78) | (6.33) | (8.84) | (25.57) | (18.57) |
| Tax Provision | (0.19) | (0.36) | 0.06 | 0.00 | (0.18) | (0.28) |
| Net Income | 5.40 | (21.52) | (4.76) | (6.33) | (24.24) | (16.24) |
| Basic EPS | 0.03 | (0.11) | (0.03) | (0.03) | (0.13) | (0.09) |
| Diluted EPS | 0.03 | (0.11) | (0.03) | (0.03) | (0.13) | (0.09) |
Cash Flow Statement
(in millions USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 |
|---|
| Operating Cash Flow | (21.43) | 12.94 | (20.30) | (9.89) | (7.73) |
| Capital Expenditures | -- | 5.78 | 6.03 | 4.22 | 3.96 |
| Free Cash Flow* | -- | 7.15 | (26.33) | (14.11) | (11.70) |
| Investing Cash Flow | (5.97) | (32.51) | (7.46) | 5.60 | (7.71) |
| Financing Cash Flow | 17.95 | (19.56) | 97.75 | 1.13 | 5.42 |
* Derived from reported values
