Financial Statements — FTEK
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 | 9.11 | 13.68 | 10.59 | 11.82 | 12.27 | 10.40 | 11.38 | 13.48 | 15.13 | 15.70 | 24.08 | 31.31 | 34.17 | 35.16 | 36.19 | 35.71 |
| Short-term Investments | 12.47 | 12.18 | 12.42 | 9.97 | 8.16 | 9.67 | 11.87 | 14.80 | 12.86 | 11.07 | 2.47 | -- | -- | -- | -- | -- |
| Accounts Receivable | 4.11 | 4.83 | 6.29 | 5.64 | 9.20 | 8.65 | 7.10 | 7.70 | 6.78 | 6.76 | 6.66 | 6.42 | 4.80 | 5.06 | 3.40 | 4.60 |
| Inventory | 0.36 | 0.40 | 0.62 | 0.53 | 0.44 | 0.46 | 0.54 | 0.33 | 0.53 | 0.51 | 0.39 | 0.41 | 0.36 | 0.13 | 0.19 | 0.16 |
| Total Current Assets | 27.15 | 31.95 | 31.01 | 29.15 | 30.92 | 30.30 | 32.19 | 37.35 | 36.59 | 35.38 | 34.30 | 40.98 | 41.46 | 42.31 | 41.44 | 42.39 |
| Property, Plant & Equipment | 4.89 | 4.82 | 4.85 | 4.98 | 4.60 | 4.57 | 4.57 | 4.36 | 4.37 | 4.37 | 4.51 | 4.56 | 4.55 | 5.29 | 5.09 | 5.04 |
| Goodwill | 2.12 | 2.12 | 2.12 | 2.12 | 2.12 | 2.12 | 2.12 | 2.12 | 2.12 | 2.12 | 2.12 | 2.12 | 2.12 | 2.12 | 2.12 | 2.12 |
| Intangible Assets | 0.62 | 0.31 | 0.32 | 0.32 | 0.33 | 0.34 | 0.34 | 0.38 | 0.38 | 0.40 | 0.41 | 0.42 | 0.45 | 0.48 | 0.52 | 0.53 |
| Total Non-current Assets* | 17.33 | 15.96 | 15.99 | 17.56 | 50.12 | 48.99 | 49.45 | 50.32 | 49.61 | 50.28 | 49.68 | 49.12 | 49.62 | 51.04 | 50.06 | 51.04 |
| Total Assets | 44.49 | 47.91 | 47.00 | 46.71 | 50.12 | 48.99 | 49.45 | 50.32 | 49.61 | 50.28 | 49.68 | 49.12 | 49.62 | 51.04 | 50.06 | 51.04 |
| Accounts Payable | 2.14 | 2.40 | 2.12 | 1.59 | 3.27 | 2.94 | 1.85 | 2.87 | 3.10 | 3.65 | 2.63 | 2.35 | 2.24 | 1.35 | 1.40 | 1.47 |
| Total Current Liabilities | 4.99 | 5.91 | 5.33 | 4.29 | 5.32 | 4.48 | 4.53 | 5.43 | 5.13 | 5.18 | 4.37 | 4.03 | 3.98 | 4.01 | 3.55 | 3.89 |
| Long-term Debt | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 1.56 |
| Total Non-current Liabilities* | 0.94 | 0.99 | 1.01 | 0.98 | 0.94 | 0.94 | 0.96 | 0.80 | 0.83 | 0.51 | 0.48 | 0.51 | 0.51 | 0.58 | 0.61 | 0.63 |
| Total Liabilities | 5.93 | 6.90 | 6.34 | 5.27 | 6.25 | 5.43 | 5.49 | 6.23 | 5.96 | 5.68 | 4.85 | 4.54 | 4.49 | 4.60 | 4.16 | 4.52 |
| Retained Earnings | (123.15) | (120.60) | (120.90) | (120.21) | (117.59) | (117.67) | (117.25) | (116.99) | (117.45) | (116.40) | (115.59) | (115.90) | (115.55) | (114.30) | (114.98) | (114.20) |
| Total Stockholder Equity | 38.56 | 41.01 | 40.66 | 41.44 | 43.86 | 43.57 | 43.96 | 44.09 | 43.65 | 44.60 | 44.83 | 44.58 | 45.13 | 46.44 | 45.90 | 46.52 |
* 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 | 6.08 | 7.25 | 7.49 | 5.56 | 6.38 | 5.28 | 7.85 | 7.04 | 4.96 | 6.35 | 7.99 | 5.46 | 7.29 | 7.02 | 8.02 | 6.37 | 5.54 | 6.45 | 7.56 | 5.22 |
| Cost of Revenue | 3.44 | 4.01 | 3.83 | 3.03 | 3.42 | 3.05 | 4.44 | 4.09 | 2.93 | 3.10 | 4.38 | 3.47 | 4.48 | 4.02 | 4.35 | 3.69 | 3.25 | 3.21 | 3.84 | 2.64 |
| Gross Profit | 2.64 | 3.23 | 3.66 | 2.53 | 2.96 | 2.24 | 3.41 | 2.95 | 2.03 | 3.24 | 3.61 | 2.00 | 2.81 | 3.00 | 3.67 | 2.68 | 2.29 | 3.24 | 3.72 | 2.58 |
| Research & Development | 0.52 | 0.50 | 0.45 | 0.49 | 0.57 | 0.41 | 0.36 | 0.42 | 0.38 | 0.37 | 0.51 | 0.41 | 0.22 | 0.18 | 0.21 | 0.29 | 0.22 | 0.26 | 0.34 | 0.32 |
| Selling, General & Admin | 3.72 | 4.16 | 3.21 | 3.35 | 3.34 | 3.95 | 3.23 | 3.25 | 3.35 | 3.68 | 2.97 | 2.92 | 3.25 | 3.07 | 3.27 | 2.87 | 3.05 | 3.20 | 2.80 | 2.96 |
| Total Operating Expenses | 4.24 | 4.66 | 3.66 | 3.84 | 3.91 | 4.35 | 3.59 | 3.67 | 3.72 | 4.04 | 3.48 | 3.33 | 3.46 | 3.25 | 3.48 | 3.16 | 3.27 | 3.46 | 3.14 | 3.27 |
| Operating Income | (1.60) | (1.42) | 0.00 | (1.31) | (0.95) | (2.12) | (0.18) | (0.71) | (1.69) | (0.80) | 0.13 | (1.33) | (0.66) | (0.25) | 0.19 | (0.48) | (0.98) | (0.22) | 0.58 | (0.69) |
| Interest Expense | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | -0.00 | 0.01 | 0.01 |
| Pretax Income | (1.36) | (1.19) | 0.31 | (0.68) | (0.74) | (1.82) | 0.08 | (0.41) | 0.29 | (0.47) | 0.46 | (1.04) | (0.41) | (0.36) | 0.31 | (0.35) | (1.00) | (0.24) | 0.68 | (0.77) |
| Tax Provision | -0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.06 | 0.00 | 0.01 | 0.01 | 0.07 | 0.00 | 0.00 | 0.00 | 0.05 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 |
| Net Income | (1.35) | (1.20) | 0.30 | (0.69) | (0.74) | (1.88) | 0.08 | (0.42) | 0.28 | (0.54) | 0.46 | (1.04) | (0.41) | (0.40) | 0.31 | (0.36) | (1.00) | (0.24) | 0.68 | (0.78) |
| Basic EPS | (0.04) | (0.05) | 0.01 | (0.02) | (0.02) | (0.06) | 0.00 | (0.01) | 0.01 | (0.03) | 0.02 | (0.03) | (0.01) | (0.02) | 0.01 | (0.01) | (0.03) | 0.00 | 0.02 | (0.03) |
| Diluted EPS | (0.04) | (0.05) | 0.01 | (0.02) | (0.02) | (0.06) | 0.00 | (0.01) | 0.01 | (0.02) | 0.01 | (0.03) | (0.01) | (0.02) | 0.01 | (0.01) | (0.03) | 0.00 | 0.02 | (0.03) |
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 | (0.85) | (1.57) | 3.10 | (0.02) | 1.51 | (1.65) | 0.88 | (1.59) | (1.07) | 0.31 | 0.37 | (0.99) | 1.01 | (1.55) | 0.73 | (1.57) | (1.75) | 0.19 | 0.34 | 0.45 |
| Capital Expenditures | 0.32 | 0.44 | 0.13 | 0.04 | 0.07 | 0.06 | 0.11 | 0.09 | 0.11 | 0.22 | 0.10 | 0.07 | 0.03 | 0.02 | 0.05 | 0.09 | 0.05 | (0.50) | 0.35 | 0.23 |
| Free Cash Flow* | (1.17) | (2.01) | 2.97 | (0.06) | 1.44 | (1.71) | 0.77 | (1.68) | (1.19) | 0.09 | 0.28 | (1.07) | 0.98 | (1.57) | 0.68 | (1.66) | (1.80) | 0.69 | -0.00 | 0.22 |
| Investing Cash Flow | (1.91) | (0.22) | 0.07 | (0.99) | 1.69 | (2.06) | 0.92 | 0.69 | (5.00) | 3.78 | (1.94) | 0.43 | (8.71) | 0.48 | (9.82) | (0.08) | (0.05) | 0.50 | (0.35) | (0.23) |
| Financing Cash Flow | (0.03) | 0.00 | 0.00 | (0.20) | (0.02) | 0.00 | 0.00 | (0.09) | 0.00 | 0.00 | 0.00 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 | (0.02) | 0.00 | 0.00 | 0.00 |
* Derived from reported values
