Financial Statements — FCUV
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 | 6.01 | 0.41 | 1.11 | 2.20 | 5.37 | 0.01 | 0.08 | 1.41 | 1.36 | 2.57 | 6.06 | 6.66 | 7.74 | -- | -- | -- |
| Accounts Receivable | 0.01 | 0.01 | 0.00 | 0.01 | 0.00 | 0.02 | 0.08 | 0.17 | 0.10 | 0.06 | 0.14 | 0.17 | 0.23 | 0.30 | 0.14 | 0.35 |
| Inventory | 0.09 | 0.14 | 0.14 | 0.06 | 0.48 | 0.50 | 0.41 | 0.30 | 0.09 | 0.09 | 0.05 | 0.06 | 0.05 | 0.02 | 0.01 | 0.02 |
| Total Current Assets | 6.78 | 0.77 | 1.54 | 2.50 | 5.97 | 0.65 | 0.72 | 2.04 | 1.80 | 3.00 | 6.59 | 7.34 | 8.27 | 10.01 | 1.74 | 2.32 |
| Property, Plant & Equipment | 0.06 | 0.07 | 0.08 | 0.08 | 0.06 | 4.02 | 4.05 | 4.12 | 4.16 | 4.20 | 4.27 | 4.31 | 4.34 | 4.38 | 4.41 | 4.45 |
| Intangible Assets | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | -- | -- | -- | -- | -- | -- |
| Total Non-current Assets* | 1.01 | 0.11 | 0.14 | 0.16 | 0.26 | 4.20 | 4.25 | 4.36 | 4.42 | 4.49 | 4.47 | 4.56 | 4.68 | 4.43 | 4.48 | 4.53 |
| Total Assets | 7.80 | 0.88 | 1.67 | 2.67 | 6.23 | 4.86 | 4.97 | 6.40 | 6.22 | 7.49 | 11.06 | 11.90 | 12.96 | 14.44 | 6.22 | 6.85 |
| Accounts Payable | 0.45 | 0.69 | 0.79 | 0.71 | 0.55 | 1.06 | 0.75 | 0.29 | 0.31 | 0.21 | 0.17 | 0.19 | 0.33 | 0.37 | 0.23 | 0.34 |
| Short-term Debt | -- | -- | -- | -- | 0.08 | 0.23 | 0.25 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 0.51 | 0.71 | 0.83 | 0.77 | 0.76 | 3.66 | 2.55 | 1.41 | 0.43 | 0.40 | 2.28 | 0.31 | 0.62 | 0.63 | 0.57 | 0.76 |
| Total Non-current Liabilities* | 0.06 | 0.00 | 0.00 | 0.00 | 0.02 | 0.03 | 0.06 | 0.14 | 0.14 | 0.16 | 0.20 | 0.25 | 0.19 | 0.09 | 1.76 | 1.85 |
| Total Liabilities | 0.57 | 0.71 | 0.83 | 0.77 | 0.78 | 3.70 | 2.60 | 1.54 | 0.58 | 0.56 | 2.48 | 0.56 | 0.81 | 0.72 | 2.34 | 2.61 |
| Retained Earnings | (32.50) | (29.71) | (28.54) | (27.03) | (23.82) | (25.26) | (23.90) | (20.96) | (20.00) | (18.98) | (16.81) | (15.87) | (14.81) | (12.22) | (10.88) | (10.40) |
| Total Stockholder Equity | 1.75 | 0.17 | 0.85 | 1.90 | 5.45 | 1.16 | 2.36 | 4.85 | 5.64 | 6.93 | 8.58 | 11.34 | 12.15 | 13.72 | 3.88 | 4.24 |
* 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 | 0.05 | 0.00 | 0.03 | 0.04 | 0.19 | 0.09 | 0.07 | 0.02 | 0.22 | 0.22 | 0.32 | 0.22 | 0.24 | 0.07 | 0.06 | 0.06 | 0.16 | 0.17 | 0.63 | 0.26 |
| Cost of Revenue* | 0.03 | 0.05 | 0.03 | 0.05 | 0.16 | 0.09 | 0.04 | 0.03 | 0.22 | 0.43 | 0.20 | 0.15 | 0.18 | 0.09 | 0.04 | -- | -- | -- | 0.52 | 0.21 |
| Gross Profit | 0.02 | (0.05) | -0.00 | (0.01) | 0.03 | (0.01) | 0.03 | (0.01) | -0.00 | (0.14) | 0.12 | 0.07 | 0.06 | (0.02) | 0.02 | -- | -- | -- | 0.11 | 0.05 |
| Research & Development | 0.26 | (0.21) | 0.29 | 0.47 | 0.37 | 0.43 | 0.31 | 0.30 | 0.34 | 0.46 | 0.31 | 0.34 | 0.28 | 0.20 | 0.13 | 0.17 | 0.56 | 0.05 | 0.06 | 0.05 |
| Selling, General & Admin | 0.49 | 0.85 | 0.44 | 0.50 | 0.28 | 0.38 | 0.59 | 0.63 | 0.53 | 0.53 | 0.41 | 0.36 | 0.44 | (0.24) | 0.60 | 0.82 | 0.90 | 0.40 | 0.32 | 0.34 |
| Total Operating Expenses | 1.29 | 0.85 | 1.18 | 1.53 | 1.30 | 1.75 | 1.78 | 1.37 | 1.32 | 1.48 | 1.15 | 1.14 | 1.30 | 0.89 | 0.99 | 1.27 | 2.08 | 2.07 | 0.87 | 0.72 |
| Operating Income | (1.27) | (0.90) | (1.18) | (1.54) | (1.27) | (1.75) | (1.75) | (1.38) | (1.32) | (1.62) | (1.03) | (1.07) | (1.24) | (1.10) | (0.97) | (1.21) | (1.92) | (0.88) | (0.76) | (0.66) |
| Pretax Income | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (0.97) | (1.02) | (1.11) | (1.05) | (0.94) | (1.06) | (1.87) | (0.72) | (1.34) | (0.48) |
| Tax Provision | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income | (1.25) | (0.86) | (1.17) | (1.51) | (1.25) | (1.96) | 1.44 | (1.37) | (1.32) | (1.62) | (0.97) | (1.02) | (1.11) | (1.05) | (0.94) | (1.06) | (1.87) | (0.72) | (1.34) | (0.48) |
| Basic EPS | (1.48) | (6.54) | (0.16) | (0.20) | (0.17) | (0.46) | 0.02 | (0.02) | (0.02) | (0.03) | (0.01) | (0.02) | (0.02) | (0.03) | (0.02) | (0.02) | (0.04) | -- | -- | -- |
| Diluted EPS | (1.48) | -- | -- | -- | (0.17) | (0.46) | 0.02 | (0.02) | (0.02) | (0.03) | (0.01) | (0.02) | (0.02) | (0.03) | (0.02) | (0.02) | (0.04) | -- | -- | -- |
* 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 | (1.15) | (1.39) | (1.06) | (1.43) | (1.22) | (1.00) | (1.94) | (0.83) | (0.89) | (0.93) | (1.00) | (0.77) | (0.84) | (0.52) | (0.69) | (0.85) | (0.90) | (0.73) | (0.53) | (0.53) |
| Capital Expenditures | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.01 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | -0.00 | 0.01 | 0.03 | 0.02 | 0.01 | -- |
| Free Cash Flow* | (1.15) | (1.39) | (1.06) | (1.43) | (1.24) | (1.00) | (1.94) | (0.83) | (0.90) | (0.93) | (1.00) | (0.78) | (0.85) | (0.53) | (0.69) | (0.86) | (0.93) | (0.75) | (0.54) | -- |
| Investing Cash Flow | (0.62) | (0.16) | -0.00 | -0.00 | (0.02) | (0.01) | 7.14 | -0.00 | (0.01) | -0.00 | 0.01 | (0.02) | 0.06 | (0.03) | 0.09 | (0.24) | (0.03) | (0.02) | (0.01) | -- |
| Financing Cash Flow | (0.15) | 9.08 | 0.37 | 0.35 | (0.14) | (0.74) | 0.13 | 0.78 | 0.55 | (0.05) | 1.03 | (0.42) | (1.00) | (1.16) | 0.00 | 0.00 | 0.00 | (0.11) | 8.69 | -0.00 |
* Derived from reported values