Financial Statements — FLNA
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 | 86.57 | 106.08 | 112.38 | 117.33 | 148.98 | 207.29 | 124.17 | 142.35 | 168.44 | 187.47 | 174.66 | 197.23 | 209.69 | 241.52 | 278.25 | 282.19 |
| Total Current Assets | 87.96 | 108.91 | 114.82 | 120.15 | 202.55 | 222.12 | 134.00 | 150.18 | 174.53 | 195.00 | 183.27 | 204.20 | 222.20 | 251.92 | 279.56 | 283.77 |
| Property, Plant & Equipment | 20.40 | 20.82 | 20.56 | 20.78 | 21.14 | 21.36 | 21.60 | 22.08 | 22.33 | 22.61 | 23.13 | 22.16 | 20.86 | 20.70 | 0.08 | 0.01 |
| Intangible Assets | -- | -- | -- | -- | 0.07 | 0.08 | 0.12 | 0.27 | 0.39 | 0.50 | 0.74 | 0.86 | 0.94 | 1.21 | -- | -- |
| Total Non-current Assets* | 20.40 | 20.82 | 20.56 | 20.78 | 21.20 | 21.45 | 21.72 | 22.35 | 22.72 | 23.11 | 24.01 | 23.18 | 21.99 | 22.33 | 1.75 | 0.28 |
| Total Assets | 108.37 | 129.73 | 135.38 | 140.93 | 223.75 | 243.57 | 155.72 | 172.53 | 197.25 | 218.11 | 207.29 | 227.38 | 244.19 | 274.25 | 281.31 | 284.05 |
| Accounts Payable | -- | -- | -- | -- | -- | -- | -- | -- | 10.34 | 8.24 | 3.53 | 4.76 | 3.33 | 2.35 | 1.91 | 0.86 |
| Total Current Liabilities | 40.12 | 48.05 | 47.33 | 13.24 | 57.03 | 54.59 | 77.12 | 17.41 | 17.90 | 13.91 | 8.31 | 8.72 | 6.79 | 6.33 | 4.64 | 2.65 |
| Total Non-current Liabilities* | 0.11 | 0.12 | 0.08 | 0.08 | 0.08 | 0.00 | 0.00 | 0.00 | 0.00 | 0.20 | 0.26 | 0.29 | 0.31 | 0.36 | 0.19 | 0.21 |
| Total Liabilities* | 40.23 | 48.17 | 47.41 | 13.32 | 57.11 | 54.59 | 77.12 | 17.41 | 17.90 | 14.11 | 8.57 | 9.01 | 7.10 | 6.68 | 4.83 | 2.86 |
| Retained Earnings | (506.41) | (483.54) | (472.74) | (428.51) | (377.51) | (349.57) | (355.73) | (359.85) | (334.20) | (307.82) | (264.42) | (244.16) | (224.83) | (193.13) | (183.57) | (178.45) |
| Total Stockholder Equity | 68.14 | 81.57 | 87.97 | 127.62 | 166.64 | 188.97 | 78.60 | 155.12 | 179.35 | 204.01 | 198.72 | 218.37 | 237.09 | 267.57 | 276.48 | 281.19 |
* 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Research & Development | 4.54 | 3.85 | 3.96 | 5.12 | 13.67 | 20.53 | 17.68 | 15.20 | 16.23 | 18.73 | 23.60 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Selling, General & Admin | 6.62 | 9.70 | 7.91 | 40.28 | 10.92 | 8.96 | 12.95 | 46.20 | 3.70 | 4.06 | 4.28 | 3.81 | 4.39 | 3.29 | 2.82 | 2.97 | 2.92 | 4.10 | 1.71 | 1.24 |
| Total Operating Expenses | 11.17 | 13.55 | 11.86 | 45.39 | 24.59 | 29.49 | 30.62 | 61.40 | 19.93 | 22.79 | 27.88 | 28.78 | 26.51 | 20.94 | 21.35 | 19.92 | 17.82 | 14.44 | 9.75 | 5.14 |
| Operating Income | (11.17) | (13.55) | (11.86) | (45.39) | (24.59) | (29.49) | (30.62) | (61.40) | (19.93) | (22.79) | (27.88) | (28.78) | (26.51) | (20.94) | (21.34) | (19.92) | (17.82) | (14.44) | (9.75) | (5.14) |
| Pretax Income* | (10.33) | (12.54) | (10.81) | (44.22) | (23.40) | (27.60) | (27.94) | 6.16 | 25.04 | -- | (25.65) | (26.38) | (24.27) | -- | (20.26) | (19.33) | (17.53) | -- | -- | -- |
| Tax Provision | 0.00 | 0.00 | 0.00 | 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 | (10.33) | (12.54) | (10.81) | (44.22) | (23.40) | (27.60) | (27.94) | 6.16 | 25.04 | (20.92) | (25.65) | (26.38) | (24.27) | (19.13) | (20.26) | (19.33) | (17.53) | (14.17) | (9.56) | (5.12) |
| Basic EPS | (0.21) | (0.26) | (0.22) | (0.92) | (0.48) | (0.66) | (0.58) | 0.13 | 0.58 | (0.50) | (0.61) | (0.63) | -- | -- | -- | -- | -- | -- | -- | -- |
| Diluted EPS | -- | (0.26) | (0.22) | (0.92) | (0.48) | (0.58) | (0.58) | 0.13 | (0.43) | -- | -- | (0.63) | (0.58) | -- | -- | -- | -- | -- | -- | -- |
* 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 | (8.88) | (9.75) | (6.22) | (4.95) | (11.34) | (61.26) | (18.30) | (18.24) | (19.13) | (22.32) | (26.53) | (19.92) | (13.25) | (21.32) | (21.55) | (11.11) | (23.53) | (7.99) | (14.76) | (5.14) |
| Capital Expenditures | -- | 0.50 | 0.08 | 0.00 | 0.00 | 0.06 | 0.02 | 0.03 | 0.00 | 0.04 | 0.02 | (0.01) | 0.36 | (0.33) | 1.16 | 1.47 | 0.43 | 0.10 | 22.04 | 0.07 |
| Free Cash Flow* | -- | (10.25) | (6.30) | (4.95) | (11.34) | (61.32) | (18.31) | (18.27) | (19.13) | (22.36) | (26.55) | (19.92) | (13.61) | (20.98) | (22.71) | (12.58) | (23.95) | (8.09) | (36.80) | (5.21) |
| Investing Cash Flow | -- | (0.50) | (0.08) | 0.00 | 0.00 | (0.06) | (0.02) | (0.03) | 0.00 | (0.04) | (0.02) | 0.01 | (0.36) | 0.34 | (1.16) | (1.47) | (0.42) | (0.10) | (22.04) | (0.07) |
| Financing Cash Flow | (0.05) | (0.33) | 0.00 | 0.00 | 0.09 | 0.92 | 0.00 | 101.39 | 22.16 | 1.14 | 0.46 | 0.89 | 0.06 | 47.34 | 0.14 | 0.12 | 0.21 | 0.00 | 0.08 | 1.27 |
* Derived from reported values