Financial Statements — IVF
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 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 1.96 | 3.84 | 4.71 | 6.64 | 8.42 |
| Accounts Receivable | 0.25 | 0.27 | 0.24 | 0.17 | 0.26 | 0.26 | 0.18 | 0.12 | 0.07 | 0.10 | 0.07 | 0.06 | 0.06 | 0.05 | 0.05 | 0.53 |
| Inventory | 0.22 | 0.19 | 0.21 | 0.22 | 0.24 | 0.25 | 0.27 | 0.25 | 0.28 | 0.27 | 0.28 | 0.28 | 0.29 | 0.29 | 0.25 | 0.27 |
| Total Current Assets | 5.73 | 1.14 | 1.40 | 1.57 | 1.96 | 2.40 | 1.72 | 1.79 | 0.84 | 2.81 | 0.94 | 2.55 | 4.42 | 5.33 | 7.23 | 9.58 |
| Property, Plant & Equipment | 0.47 | 0.41 | 0.43 | 0.45 | 0.42 | 0.44 | 0.41 | 0.77 | 0.66 | 0.42 | 0.46 | 0.47 | 0.49 | 0.85 | 0.13 | 0.13 |
| Goodwill | 6.52 | 5.88 | 5.88 | 8.89 | 5.88 | 5.88 | 5.88 | 8.22 | -- | -- | -- | -- | -- | -- | -- | -- |
| Intangible Assets | 1.37 | 1.43 | 1.54 | 17.90 | 3.48 | 9.56 | 9.77 | 1.75 | -- | -- | 0.13 | 0.13 | 0.13 | 0.02 | 0.02 | 0.02 |
| Total Non-current Assets* | 18.92 | 17.70 | 17.92 | 30.17 | 15.06 | 15.36 | -- | 17.68 | 5.80 | 3.34 | 3.74 | 3.88 | 4.10 | 2.82 | 2.70 | 0.61 |
| Total Assets | 24.66 | 18.83 | 19.32 | 31.74 | 17.02 | 17.75 | -- | 19.48 | 6.64 | 6.15 | 4.68 | 6.42 | 8.52 | 8.15 | 9.93 | 10.19 |
| Accounts Payable | 1.67 | 2.39 | 2.23 | 4.79 | 2.66 | 2.38 | 2.80 | 1.85 | 1.84 | 1.85 | 0.69 | 0.47 | 0.46 | 0.52 | 0.31 | -- |
| Total Current Liabilities | 6.36 | 9.24 | 12.46 | 18.72 | 8.66 | 7.95 | -- | 4.88 | 4.47 | 4.45 | 1.66 | 1.28 | 1.08 | 2.14 | 1.72 | 1.86 |
| Long-term Debt | 0.66 | 1.98 | 4.81 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Liabilities* | 3.28 | 3.74 | 4.22 | 5.71 | 8.39 | 8.44 | -- | 14.22 | 3.88 | 1.61 | 1.73 | 1.79 | 1.85 | 3.65 | 3.86 | 2.73 |
| Total Liabilities | 9.63 | 12.98 | 16.69 | 24.43 | 17.04 | 16.39 | -- | 19.10 | 8.34 | 6.06 | 3.39 | 3.07 | 2.93 | 5.79 | 5.57 | 4.59 |
| Retained Earnings | (96.92) | (93.09) | (90.20) | (84.87) | (63.54) | (61.91) | (59.41) | (55.82) | (54.57) | (52.33) | (47.02) | (44.47) | (41.67) | (38.75) | (36.51) | (34.69) |
| Total Stockholder Equity* | 15.02 | 5.85 | 2.63 | 3.34 | (0.02) | 1.36 | -- | 0.37 | (1.71) | 0.09 | 1.29 | 3.36 | 5.59 | 2.36 | 4.36 | 5.60 |
* 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 | 2.02 | 1.58 | 1.76 | 1.86 | 1.64 | 1.71 | 1.43 | 1.84 | 1.58 | 1.38 | 0.97 | 0.32 | 0.35 | 0.28 | 0.24 | 0.15 | 0.16 | 3.05 | 0.22 | 0.21 |
| Cost of Revenue* | 0.01 | -- | -- | -- | 1.06 | 1.02 | 0.99 | 0.86 | 0.85 | 0.93 | 0.58 | -- | 0.06 | 0.07 | 0.10 | 0.06 | 0.06 | 0.04 | 0.02 | 0.01 |
| Gross Profit | 2.01 | -- | -- | -- | 0.57 | 0.67 | 0.44 | 0.97 | 0.73 | 0.46 | 0.39 | -- | 0.28 | 0.20 | 0.13 | 0.07 | 0.10 | 3.00 | 0.20 | 0.19 |
| Research & Development | -- | -- | -- | -- | 0.27 | 0.48 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.08 | 0.07 | 0.07 | 0.18 | 0.19 | 0.10 | 0.06 | 0.06 | 0.03 |
| Selling, General & Admin | 2.18 | 0.82 | 2.13 | 2.19 | 1.31 | 3.48 | 1.51 | 2.65 | 1.44 | 1.68 | 1.26 | 2.04 | 2.51 | 2.84 | 2.48 | 2.56 | 2.69 | 2.43 | 2.42 | 2.05 |
| Total Operating Expenses | 3.60 | -- | -- | -- | 17.68 | 8.36 | 1.75 | 2.88 | 1.67 | 2.96 | 1.86 | 2.38 | 2.58 | 2.92 | 2.65 | 2.75 | 2.80 | 2.50 | 2.47 | 2.08 |
| Operating Income | (1.59) | 14.50 | (1.64) | (2.99) | (17.11) | (3.98) | (1.30) | (1.90) | (0.95) | (1.51) | (0.89) | (2.07) | (2.31) | (2.72) | (2.53) | (2.68) | (2.70) | 0.50 | (2.27) | (1.89) |
| Interest Expense | -- | -- | -- | -- | (0.31) | -- | -- | -- | 0.18 | 0.18 | 0.35 | 0.18 | 0.22 | 0.06 | 0.00 | 0.00 | 0.00 | 0.19 | 0.09 | 0.09 |
| Pretax Income | -- | 17.77 | (2.64) | (3.21) | (17.40) | (3.68) | (1.60) | (2.25) | (1.59) | (1.97) | (1.25) | (2.24) | -- | (2.76) | (2.55) | (2.80) | -- | -- | -- | (1.82) |
| Tax Provision | 0.00 | -- | -- | -- | -- | (0.05) | 0.03 | 0.00 | 0.00 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income | (5.54) | 2.01 | (2.64) | (5.28) | (17.40) | (3.62) | (1.63) | (2.25) | -- | (1.99) | (1.25) | (2.24) | (2.55) | (2.77) | (2.55) | (2.80) | (2.77) | (0.14) | (2.24) | (1.82) |
| Basic EPS | (3.38) | (188.04) | (0.77) | (13.30) | (12.53) | (28.73) | (0.42) | (0.62) | (0.42) | (1.17) | (0.70) | (3.06) | (0.20) | (0.23) | (0.21) | (0.23) | (0.23) | 0.03 | (0.24) | (0.17) |
| Diluted EPS | (3.38) | (188.04) | (0.77) | (13.30) | (12.53) | (28.73) | (0.42) | (0.62) | (0.42) | (1.17) | (0.70) | (3.06) | (0.20) | (0.23) | (0.21) | (0.23) | (0.23) | 0.03 | (0.24) | (0.17) |
* 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 | (1.92) | 0.03 | (1.78) | (1.72) | (3.55) | (0.62) | (0.64) | (1.46) | (0.26) | (0.71) | (1.25) | (1.64) | (1.15) | (1.00) | (1.65) | (1.87) | (2.08) | (1.51) | (1.61) | (1.17) |
| Capital Expenditures | -- | 0.01 | 0.01 | 0.01 | 0.01 | 0.08 | 0.00 | 0.06 | 0.05 | 0.08 | 0.11 | 0.26 | -- | -0.00 | 0.00 | 0.00 | 0.01 | (0.33) | 0.74 | -- |
| Free Cash Flow* | -- | 0.01 | (1.78) | (1.73) | (3.56) | (0.70) | (0.64) | (1.51) | (0.31) | (0.79) | (1.36) | (1.91) | -- | (1.00) | (1.65) | (1.88) | (2.08) | (1.18) | (2.35) | -- |
| Investing Cash Flow | (0.21) | (2.71) | (0.01) | (0.02) | (0.01) | 0.39 | 0.00 | (0.01) | (0.02) | 0.03 | (2.26) | (0.26) | (0.01) | 0.01 | -0.00 | -0.00 | (0.08) | (0.92) | (0.32) | (0.61) |
| Financing Cash Flow | 4.95 | 4.40 | 1.59 | 1.44 | 3.66 | 0.49 | 0.17 | 1.93 | 0.53 | (0.14) | 4.45 | (0.17) | 3.26 | 0.80 | (0.03) | 0.00 | 0.32 | 3.40 | 0.00 | 0.00 |
* Derived from reported values