Financial Statements — FLGC
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 | Q2
2022 |
|---|
| Cash & Equivalents | 1.98 | 13.10 | 1.47 | 3.68 | 4.21 | 6.13 | 4.16 | 4.76 | 1.78 | 5.26 | 10.27 |
| Accounts Receivable | 0.78 | 2.29 | 5.09 | 4.05 | 3.92 | 3.28 | 3.22 | 3.54 | 4.85 | 6.73 | -- |
| Inventory | 1.61 | 2.48 | 4.80 | 4.79 | 7.86 | 6.75 | 9.25 | 10.64 | 8.68 | 10.31 | 9.30 |
| Total Current Assets | 11.25 | 18.09 | 13.20 | 13.22 | 21.29 | 21.36 | 21.77 | 23.86 | 22.26 | 27.88 | 27.16 |
| Property, Plant & Equipment | 0.12 | 0.15 | 0.41 | 0.35 | 0.52 | 0.81 | 0.79 | 0.90 | 0.95 | 4.97 | -- |
| Goodwill | -- | -- | 4.70 | 4.53 | 2.15 | 2.29 | -- | 0.00 | 0.00 | 23.37 | -- |
| Intangible Assets | -- | -- | 2.72 | 2.68 | 3.78 | 4.03 | 0.91 | 5.42 | 5.72 | 17.47 | -- |
| Total Non-current Assets* | 33.94 | 55.93 | 9.47 | 9.18 | 8.00 | 8.72 | 2.51 | 7.74 | 8.22 | 49.16 | -- |
| Total Assets | 45.19 | 74.02 | 22.67 | 22.40 | 29.28 | 30.08 | 24.27 | 31.60 | 30.48 | 77.04 | -- |
| Accounts Payable | 2.48 | 2.96 | 3.81 | 3.87 | 6.65 | 4.62 | 5.01 | 6.71 | 6.62 | 6.32 | -- |
| Total Current Liabilities | 8.10 | 8.70 | 13.81 | 12.59 | 20.89 | 18.38 | 19.32 | 16.58 | 17.83 | 15.50 | 8.55 |
| Long-term Debt | 3.16 | 0.06 | 0.33 | 0.28 | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Liabilities* | 0.29 | 0.40 | 4.84 | 5.05 | 3.20 | 3.43 | 1.82 | 1.90 | 2.42 | 7.93 | -- |
| Total Liabilities | 8.39 | 9.10 | 18.64 | 17.64 | 24.10 | 21.81 | 21.14 | 18.48 | 20.25 | 23.43 | -- |
| Retained Earnings | (314.45) | (167.88) | (161.31) | (158.90) | (152.01) | (148.24) | (145.62) | (133.73) | (138.27) | (93.98) | (71.51) |
| Total Stockholder Equity* | 36.80 | 64.92 | 4.02 | 4.76 | 4.25 | 7.31 | 3.14 | 14.32 | 10.93 | 54.05 | 62.47 |
* 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 | Q2
2022 |
|---|
| Total Revenue | 7.27 | (0.65) | 9.75 | 14.80 | 11.79 | 13.33 | 12.47 | 15.68 | 18.03 | 17.19 | 17.32 | 21.46 | 20.11 | 13.58 | (14.92) |
| Cost of Revenue | 4.13 | 3.75 | 9.41 | 11.97 | 8.90 | 10.69 | 9.63 | 12.52 | 14.18 | 13.83 | 12.38 | 17.50 | 14.63 | 9.83 | -- |
| Gross Profit | 3.15 | (4.40) | 0.34 | 2.83 | 2.89 | 2.64 | 2.84 | 3.17 | 3.85 | 3.36 | 4.94 | 3.96 | 5.48 | 3.74 | -- |
| Research & Development | -- | -- | -- | 0.07 | 0.11 | 0.19 | 0.12 | 0.06 | 0.05 | 0.03 | 0.01 | 0.01 | 0.02 | 0.03 | -- |
| Selling, General & Admin | -- | (0.31) | 0.47 | 0.76 | 0.47 | 0.49 | 0.42 | 0.59 | 0.44 | 0.09 | 0.34 | 0.69 | 0.53 | 1.53 | 2.43 |
| Total Operating Expenses | 65.80 | 143.44 | 3.60 | 5.40 | 3.87 | 8.57 | 6.53 | 6.71 | 6.34 | 10.04 | 5.48 | 44.02 | 8.55 | 23.49 | -- |
| Operating Income | (62.65) | (147.84) | (3.27) | (2.57) | (0.98) | (5.93) | (3.69) | (3.54) | (2.48) | (6.68) | (0.54) | (40.06) | (3.08) | (19.75) | -- |
| Interest Expense | 0.07 | -- | 0.21 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Pretax Income | (36.67) | (108.56) | (3.61) | (2.46) | (0.72) | (6.18) | (3.96) | (2.69) | (3.25) | (6.79) | 0.58 | (38.11) | (3.97) | (16.81) | (32.72) |
| Tax Provision | (0.01) | 0.05 | 0.02 | (0.05) | 0.04 | (0.11) | (0.16) | (0.04) | 0.13 | (0.39) | (0.05) | (1.12) | (0.07) | (1.54) | 0.00 |
| Net Income | (36.66) | (109.90) | (6.66) | (2.41) | (0.76) | (6.13) | (3.77) | (2.63) | (3.37) | (9.81) | 1.24 | (44.56) | (3.90) | (12.95) | -- |
| Basic EPS | (3.68) | (34.29) | (9.05) | (0.11) | (0.04) | (0.43) | (0.28) | (0.21) | (0.38) | (0.82) | 0.18 | (6.58) | -- | -- | (0.42) |
| Diluted EPS | (3.68) | (34.29) | (9.05) | (0.11) | (0.04) | (0.43) | (0.28) | (0.21) | (0.38) | (0.82) | 0.16 | (6.58) | -- | -- | -- |
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 | Q2
2022 |
|---|
| Operating Cash Flow | (3.85) | (3.16) | 0.10 | (2.89) | (2.73) | (1.35) | (2.08) | (0.26) | (1.34) | (1.13) | 0.52 | (3.46) | (4.32) | (10.48) |
| Capital Expenditures | 0.00 | 0.03 | 0.01 | 0.07 | 0.02 | 0.00 | 0.02 | 0.03 | 0.09 | (0.04) | 0.01 | 0.09 | 0.10 | -- |
| Free Cash Flow* | (3.85) | (3.19) | 0.09 | (2.95) | (2.75) | (1.35) | (2.10) | (0.29) | (1.43) | (1.09) | 0.51 | (3.55) | (4.43) | -- |
| Investing Cash Flow | 0.00 | (2.81) | (0.01) | (1.07) | 0.44 | 0.00 | 0.24 | 0.06 | (0.09) | 0.04 | (0.08) | (0.09) | (0.10) | (16.18) |
| Financing Cash Flow | 0.57 | (0.72) | 10.56 | 1.51 | 0.00 | 3.38 | (0.26) | 2.18 | 1.19 | 0.70 | 2.33 | 0.13 | (0.02) | (0.52) |
* Derived from reported values
