Financial Statements — FEAM
Balance Sheet
(in millions USD)| Metric | Q3
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 |
|---|
| Cash & Equivalents | 25.39 | 4.03 | 0.57 | 5.47 | 7.99 | 0.82 | 6.85 | 36.17 | 2.05 | 11.80 | 41.14 |
| Total Current Assets | 25.75 | 4.58 | 1.14 | 5.92 | 10.00 | 1.45 | 8.11 | 38.06 | 3.49 | 13.07 | 44.35 |
| Property, Plant & Equipment | 39.78 | 58.67 | 45.06 | 50.56 | 3.00 | 63.64 | 68.62 | 3.08 | 3.01 | 3.06 | 2.93 |
| Total Non-current Assets* | 52.37 | 68.83 | 57.47 | 62.80 | 86.97 | 73.38 | 77.67 | 73.57 | 83.65 | 82.67 | 30.55 |
| Total Assets | 78.12 | 73.41 | 58.61 | 68.72 | 96.96 | 74.83 | 85.77 | 111.63 | 87.14 | 95.74 | 74.90 |
| Accounts Payable | 3.87 | 6.06 | 5.81 | 7.34 | 7.12 | 9.32 | 7.39 | 11.31 | 8.85 | 9.10 | 6.08 |
| Total Current Liabilities | 3.96 | 6.15 | 5.90 | 7.43 | 7.27 | 9.43 | 7.51 | 11.47 | 8.96 | 9.22 | 6.20 |
| Long-term Debt | 0.00 | 0.03 | 0.00 | 0.01 | 63.27 | 72.84 | 72.43 | 36.23 | 42.41 | 40.96 | 0.17 |
| Total Non-current Liabilities* | 1.11 | 1.00 | 1.09 | 1.10 | 64.23 | 73.80 | 76.17 | 37.00 | 43.19 | 41.75 | 0.79 |
| Total Liabilities | 5.08 | 7.15 | 6.99 | 8.52 | 71.50 | 83.23 | 83.68 | 48.47 | 52.15 | 50.98 | 6.98 |
| Retained Earnings | (265.27) | (221.84) | (253.14) | (242.25) | (183.88) | (227.12) | (212.86) | (127.74) | (157.97) | (147.36) | (94.13) |
| Total Stockholder Equity | 73.04 | 66.26 | 51.62 | 60.20 | 25.46 | (8.40) | 2.09 | 63.16 | 34.99 | 44.76 | 67.92 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q3
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 |
|---|
| Research & Development | -- | 0.00 | 0.00 | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.14 | 0.05 | 0.01 | 0.04 | 0.05 | -- |
| Selling, General & Admin | 3.16 | 3.10 | 3.27 | 2.95 | 3.43 | 7.58 | 3.00 | 3.28 | 4.80 | 6.77 | 6.00 | 7.40 | 6.04 | 10.12 | 30.98 |
| Total Operating Expenses | 12.29 | 9.57 | 10.20 | 10.91 | 10.74 | 15.06 | 4.21 | 11.03 | 12.91 | 8.69 | 8.28 | 8.89 | 7.71 | 13.35 | -- |
| Operating Income | (12.29) | (9.57) | (10.20) | (10.90) | (10.73) | (15.06) | (4.20) | (11.03) | (12.91) | (8.69) | (8.28) | (8.89) | (7.71) | (13.36) | (32.99) |
| Interest Expense | 0.00 | 0.00 | 1.87 | 0.01 | 0.01 | 1.85 | 0.82 | 2.43 | 2.15 | 1.81 | 2.24 | 1.74 | 1.79 | -0.00 | 0.00 |
| Pretax Income | (12.13) | (9.53) | 5.28 | (10.89) | (10.69) | (16.12) | (25.90) | (14.26) | (12.86) | (10.25) | (10.11) | (10.62) | (9.37) | (13.24) | -- |
| Tax Provision | 0.00 | 0.18 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Net Income | (12.13) | (9.71) | 5.28 | (10.89) | (10.69) | (16.12) | (25.90) | (14.26) | (12.86) | (10.25) | (10.11) | (10.62) | (9.37) | (13.24) | (32.97) |
| Basic EPS | (0.35) | 1.10 | 0.73 | (0.48) | (0.51) | (0.24) | (0.44) | (0.21) | (0.20) | (0.24) | (0.23) | (0.24) | (0.21) | (0.32) | -- |
| Diluted EPS | (0.35) | 1.10 | (0.97) | (0.48) | (0.51) | (0.24) | (0.44) | (0.21) | (0.20) | (0.24) | (0.23) | (0.24) | (0.21) | (0.32) | -- |
Cash Flow Statement
(in millions USD)| Metric | Q3
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 |
|---|
| Operating Cash Flow | (13.79) | (6.23) | (17.41) | (5.22) | (4.30) | (7.23) | (7.96) | (5.30) | (6.37) | (6.57) | (24.13) | (7.89) | (6.89) | (5.23) | (23.39) |
| Capital Expenditures | 6.56 | 0.02 | 0.10 | 1.30 | 0.92 | 0.00 | 0.09 | 0.00 | 0.01 | 0.02 | 0.33 | 0.00 | 0.05 | -0.00 | 1.22 |
| Free Cash Flow* | (20.35) | (6.25) | (17.51) | (6.53) | (5.22) | (7.23) | (8.05) | (5.30) | (6.39) | (6.59) | (24.46) | (7.89) | (6.94) | (5.22) | (24.61) |
| Investing Cash Flow | (7.32) | (0.57) | 1.41 | (1.36) | (1.45) | (1.31) | (5.88) | (0.38) | (0.40) | (9.27) | (30.04) | (1.85) | (1.63) | (6.79) | (4.61) |
| Financing Cash Flow | 42.66 | 6.61 | 17.94 | 1.69 | 7.38 | 5.45 | 13.18 | (0.34) | 8.73 | (0.01) | 59.28 | (0.01) | (0.01) | 2.09 | 28.53 |
* Derived from reported values
