Financial Statements — FIEE
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 | 4.58 | 5.91 | 4.50 | 0.01 | 0.19 | 0.63 | 1.03 | 0.47 | 0.28 | 0.80 | 1.44 | 4.22 | 10.05 | 18.86 | 0.81 | 0.40 |
| Accounts Receivable | 1.42 | 0.19 | -- | -- | -- | -- | 0.02 | 3.00 | 1.93 | 3.19 | 6.21 | 6.27 | 5.20 | 11.58 | 9.25 | 8.65 |
| Inventory | -- | -- | -- | -- | -- | -- | 9.95 | 10.49 | 18.47 | 22.77 | 30.31 | 34.34 | 31.35 | 23.24 | 19.58 | 17.98 |
| Total Current Assets | 6.24 | 6.73 | 5.20 | 0.10 | 0.22 | 0.65 | 1.08 | 14.09 | 21.43 | 27.71 | 38.79 | 45.77 | 47.74 | 54.64 | 30.70 | 28.23 |
| Property, Plant & Equipment | 0.90 | 0.32 | 0.27 | 0.07 | 0.19 | 0.26 | 0.35 | 0.56 | 0.62 | 0.55 | 0.74 | 0.71 | 0.81 | 0.82 | 0.63 | 0.65 |
| Goodwill | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 |
| Intangible Assets | 3.21 | 1.17 | 1.27 | -- | -- | -- | 0.03 | 0.04 | 0.04 | 0.05 | 0.17 | 0.20 | 0.23 | 0.30 | 0.33 | 0.36 |
| Total Non-current Assets* | 5.60 | 1.78 | 1.85 | 0.25 | 0.22 | 0.30 | 0.43 | 1.19 | 1.34 | 1.25 | 1.75 | 1.86 | 1.94 | 1.90 | 1.96 | 2.11 |
| Total Assets | 11.84 | 8.51 | 7.05 | 0.36 | 0.43 | 0.95 | 1.50 | 15.28 | 22.76 | 28.95 | 40.53 | 47.64 | 49.68 | 56.54 | 32.66 | 30.34 |
| Accounts Payable | 0.26 | 0.15 | -- | 0.10 | 0.31 | 0.26 | 0.40 | 10.20 | 8.73 | 5.34 | 6.93 | 11.35 | 8.21 | 11.04 | 12.20 | 10.05 |
| Total Current Liabilities | 2.94 | 4.60 | 4.12 | 0.85 | 0.99 | 1.36 | 1.42 | 14.40 | 15.17 | 15.65 | 19.12 | 22.41 | 20.57 | 23.74 | 24.98 | 22.15 |
| Total Non-current Liabilities* | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 | 0.00 | 0.00 | 0.75 | 0.69 | 0.91 | 0.74 | 0.64 | 0.50 | 0.75 | 0.65 | 0.16 |
| Total Liabilities | 2.94 | 4.60 | 4.12 | 0.86 | 0.99 | 1.36 | 1.42 | 15.14 | 15.86 | 16.55 | 19.87 | 23.04 | 21.07 | 24.49 | 25.63 | 22.31 |
| Retained Earnings | (95.27) | (97.96) | (97.71) | (97.07) | (96.84) | (96.22) | (95.73) | (91.32) | (84.50) | (78.91) | (70.31) | (66.25) | (61.82) | (57.49) | (59.19) | (57.63) |
| Total Stockholder Equity | 8.90 | 3.91 | 2.93 | (0.50) | (0.56) | (0.40) | 0.08 | 0.14 | 6.90 | 12.40 | 20.67 | 24.59 | 28.61 | 32.05 | 7.03 | 8.03 |
* 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 | 2.12 | 4.21 | 1.94 | 0.04 | 0.00 | -- | 0.00 | 0.00 | 0.64 | 1.46 | 6.70 | 7.19 | 10.75 | 10.63 | 13.83 | 12.86 | 13.30 | 10.48 | 15.04 | 14.89 |
| Cost of Revenue | 0.63 | 0.50 | 0.29 | 0.04 | 0.00 | -- | 0.00 | 0.00 | 0.43 | 1.09 | 9.69 | 6.71 | 8.14 | 8.51 | 10.75 | 10.33 | 9.11 | 5.63 | 10.54 | 10.42 |
| Gross Profit | 1.49 | 3.71 | 1.65 | 0.00 | -0.00 | -- | 0.00 | 0.00 | 0.21 | 0.37 | (3.00) | 0.49 | 2.61 | 2.11 | 3.08 | 2.54 | 4.19 | 4.84 | 4.49 | 4.48 |
| Research & Development | 0.04 | 0.00 | 0.00 | 0.02 | -- | -- | -- | -- | 0.07 | 0.09 | 0.69 | 1.19 | 1.48 | 1.60 | 1.31 | 1.37 | 1.54 | 1.60 | 1.79 | 1.39 |
| Selling, General & Admin | 1.00 | 0.68 | 1.72 | 0.60 | 0.34 | -- | 0.63 | 0.57 | 1.02 | (0.15) | 0.96 | 1.17 | 1.33 | 1.13 | 1.92 | 1.62 | 1.45 | 1.11 | 1.37 | 1.33 |
| Total Operating Expenses | 1.07 | 1.05 | 1.75 | 0.64 | 0.37 | -- | 0.63 | 0.49 | 3.48 | (0.15) | 3.72 | 5.95 | 6.53 | 6.47 | 7.04 | 6.82 | 6.65 | 2.63 | 6.66 | 5.92 |
| Operating Income | 0.43 | 2.66 | (0.10) | (0.64) | (0.37) | -- | (0.63) | (0.49) | (3.27) | 0.15 | (6.72) | (5.46) | (3.93) | (4.35) | (3.95) | (4.29) | (2.45) | (1.74) | 1.79 | (1.44) |
| Interest Expense | -- | 0.00 | 0.00 | 0.00 | 0.00 | -- | 0.00 | -0.00 | -0.00 | 0.03 | 0.10 | 0.11 | 0.14 | 0.13 | 0.09 | 0.09 | 0.08 | 0.08 | -- | -- |
| Pretax Income | 0.49 | 2.65 | (0.11) | (0.64) | (0.37) | -- | (0.63) | (0.49) | (3.27) | 0.15 | (6.82) | (5.57) | (4.07) | (4.48) | (4.05) | (4.38) | (2.53) | (1.78) | 1.71 | (1.52) |
| Tax Provision | 0.14 | 0.31 | 0.14 | -- | 0.00 | -- | 0.00 | -0.00 | (0.01) | 0.02 | -0.00 | 0.02 | -- | 0.04 | 0.02 | 0.05 | 0.01 | 0.02 | 0.01 | 0.03 |
| Net Income | 0.35 | 2.34 | (0.25) | (0.64) | (0.37) | 4.37 | (0.63) | (0.49) | (3.26) | (1.15) | (6.82) | (5.60) | (4.07) | (4.52) | (4.06) | (4.43) | (2.54) | (1.80) | 1.70 | (1.55) |
| Basic EPS | 0.03 | 0.39 | (0.04) | (0.13) | (0.10) | -- | (0.21) | (0.16) | (1.11) | 0.23 | (3.61) | (2.96) | (2.16) | (0.09) | (0.09) | (0.10) | (0.06) | -- | 0.04 | (0.04) |
| Diluted EPS | 0.02 | 0.37 | (0.04) | (0.13) | (0.10) | -- | (0.21) | (0.16) | (1.11) | 0.23 | (3.61) | (2.96) | (2.16) | -- | (0.09) | -- | -- | -- | 0.04 | (0.04) |
Cash Flow Statement
(in millions USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | 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 | Q1
2021 |
|---|
| Operating Cash Flow | 0.07 | 1.16 | 2.31 | 0.54 | (0.37) | (0.90) | (0.40) | (2.48) | 1.14 | 1.23 | 1.14 | 1.35 | (0.71) | (2.91) | (4.24) | (4.31) | (4.26) | (4.81) | (0.24) | (4.97) |
| Capital Expenditures | 0.52 | 0.18 | (1.39) | 1.40 | -- | -- | -- | -- | 0.00 | -0.00 | 0.16 | 0.01 | 0.02 | 0.12 | 0.02 | 0.12 | 0.05 | 0.25 | 0.04 | 0.26 |
| Free Cash Flow* | (0.45) | 0.98 | 3.70 | (0.86) | -- | -- | -- | -- | 1.14 | 1.23 | 0.98 | 1.34 | (0.73) | (3.04) | (4.25) | (4.43) | (4.31) | (5.06) | (0.28) | (5.23) |
| Investing Cash Flow | (0.52) | (3.97) | (0.91) | -- | -- | -- | -- | -- | 0.00 | 0.00 | (0.25) | (0.13) | (0.10) | (0.14) | (0.19) | (0.27) | (0.05) | (0.34) | (0.04) | (0.26) |
| Financing Cash Flow | 1.97 | 0.00 | 0.00 | 3.95 | 0.35 | 0.47 | 0.00 | 2.80 | (0.90) | (1.54) | (3.29) | 0.95 | (0.10) | 0.27 | (1.41) | 2.06 | (1.99) | 22.95 | 0.64 | 4.85 |
* Derived from reported values
