Financial Statements — GRI
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 | 11.05 | 4.06 | 5.12 | 3.28 | 4.75 | 6.35 | 4.09 | 3.49 | 4.80 | 1.67 | 4.73 | 5.22 | 2.54 | 5.88 | 10.46 | 12.98 |
| Total Current Assets | 11.28 | 4.70 | 5.58 | 3.93 | 5.32 | 6.88 | 4.43 | 4.37 | 5.59 | -- | 5.57 | 7.84 | 5.76 | 9.92 | 11.40 | 14.34 |
| Property, Plant & Equipment | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 |
| Total Non-current Assets* | 0.06 | 0.09 | 0.10 | 0.11 | 0.14 | 0.15 | 0.16 | 0.04 | 0.05 | -- | 0.00 | 0.17 | 0.19 | 0.22 | 0.24 | 0.26 |
| Total Assets | 11.34 | 4.78 | 5.68 | 4.04 | 5.46 | 7.03 | 4.59 | 4.40 | 5.64 | 2.10 | 5.57 | 8.01 | 5.94 | 10.14 | 11.65 | 14.60 |
| Accounts Payable | 0.30 | 1.32 | 1.30 | 1.36 | 1.14 | 1.24 | 0.64 | 0.99 | 0.31 | 0.53 | 1.19 | 1.81 | 1.23 | 0.49 | 0.89 | 1.35 |
| Total Current Liabilities | 0.79 | 2.76 | 2.31 | 2.78 | 1.72 | 2.22 | 1.68 | 2.18 | 1.60 | -- | 2.11 | 4.32 | 2.54 | 1.31 | 1.67 | 2.43 |
| Total Non-current Liabilities* | 0.00 | 0.03 | 0.04 | 0.06 | 0.08 | 0.10 | 0.11 | 0.00 | 0.00 | -- | 0.00 | 0.02 | 0.05 | 0.10 | 0.12 | 0.15 |
| Total Liabilities | 0.79 | 2.79 | 2.35 | 2.84 | 1.80 | 2.31 | 1.79 | 2.18 | 1.60 | 2.07 | 2.11 | 4.34 | 2.58 | 1.41 | 1.79 | 2.57 |
| Retained Earnings | (53.69) | (49.04) | (45.68) | (42.79) | (37.79) | (35.67) | (33.42) | (29.53) | (27.39) | (31.32) | (27.34) | (26.31) | (24.54) | (18.81) | (17.55) | (15.24) |
| Total Stockholder Equity | 10.55 | 1.99 | 3.32 | 1.21 | 3.66 | 4.72 | 2.80 | 2.23 | 4.04 | 0.03 | 3.46 | 3.67 | 3.36 | 8.73 | 9.85 | 12.03 |
* 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 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Research & Development | 0.36 | 1.53 | 1.77 | 1.88 | 1.64 | 0.83 | 1.13 | 0.88 | 0.93 | 1.29 | 1.19 | 0.88 | (0.12) | (0.36) | (0.02) | 0.28 | 1.27 | 2.00 | 0.22 | 1.20 |
| Selling, General & Admin | 1.64 | 1.13 | 1.60 | 1.02 | 1.41 | 1.13 | 1.00 | 1.38 | 0.96 | (0.62) | 1.25 | 5.05 | 2.47 | 1.75 | 1.42 | 1.23 | 1.36 | 1.10 | 1.04 | 1.11 |
| Total Operating Expenses | 2.00 | 2.66 | 3.37 | 2.90 | 3.05 | 1.95 | 2.13 | 2.26 | 1.90 | 0.67 | 2.44 | 5.93 | 2.35 | 1.38 | 1.40 | 1.51 | 2.63 | 3.09 | 1.25 | 2.31 |
| Operating Income | (2.00) | (2.66) | (3.36) | (2.90) | (3.05) | (1.95) | (2.13) | (2.26) | (1.89) | (0.66) | (2.44) | (5.93) | (2.35) | (1.38) | (1.40) | (1.51) | (2.63) | (3.09) | (1.25) | (2.31) |
| Tax Provision | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net Income | (2.00) | (2.66) | (3.36) | (2.89) | (3.05) | (1.95) | (2.12) | (2.25) | (1.89) | (1.76) | (2.14) | (6.75) | (2.40) | (1.58) | (1.03) | (1.77) | (2.63) | (3.10) | (1.26) | (2.31) |
| Basic EPS | (1.61) | (113.41) | (1.28) | (1.31) | (5.80) | (49.16) | (0.67) | (4.92) | (0.46) | (19.61) | (0.52) | (2.79) | (5.33) | (0.01) | (0.09) | (0.20) | (0.39) | (0.46) | (0.18) | (0.34) |
| Diluted EPS | (1.61) | (113.41) | (1.28) | (1.31) | (5.80) | (49.16) | (0.67) | (4.92) | (0.46) | (19.61) | (0.52) | (2.79) | (5.33) | (0.01) | (0.09) | (0.20) | (0.39) | (0.46) | (0.18) | (0.34) |
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 | (3.68) | (2.97) | (2.31) | (3.17) | (1.74) | (2.00) | (2.27) | (2.14) | (2.20) | (5.56) | (1.31) | -0.00 | (2.12) | (1.37) | (1.85) | (1.62) | (2.29) | (1.58) | (1.29) | (2.49) |
| Capital Expenditures | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | -- | 0.00 | 0.00 | 0.01 | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 |
| Free Cash Flow* | -- | -- | -- | -- | -- | (2.00) | (2.27) | (2.14) | -- | (5.56) | (1.31) | (0.01) | -- | -- | -- | -- | -- | (1.58) | (1.29) | (2.49) |
| Investing Cash Flow | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | -- | 0.00 | 0.00 | (0.01) | 0.00 | 0.42 | 1.33 | 0.88 | 1.15 | (0.58) | (3.27) | 0.00 |
| Financing Cash Flow | 6.50 | 7.15 | 1.25 | 5.01 | (0.01) | 2.28 | 0.66 | 4.40 | 4.49 | 3.88 | 0.00 | 6.92 | 0.00 | 0.00 | 0.03 | 3.42 | (0.02) | (0.02) | (0.02) | (0.03) |
* Derived from reported values
