Income Statement
Balance Sheet
Cash Flow
| Line Item | Q4 2025Dec 31, 2025 | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 |
|---|---|---|---|---|---|
| Total Revenue | 27.1M | 17.7M | 4.2M | 16.9M | 39.9M |
| Operating Revenue | 27.1M | 17.7M | 4.2M | 16.9M | 39.9M |
| Cost Of Revenue | 17.6M | 12.8M | 3.7M | 18.1M | 39.3M |
| Gross Profit | 9.5M | 4.9M | 557,000 | -1.2M | 584,000 |
| Selling General And Administration | 18.9M | 15.7M | 14.8M | 15.3M | 15.3M |
| Other Operating Expenses | 12.7M | 15.9M | 11.9M | 9.6M | 8.3M |
| Operating Expense | 31.6M | 31.6M | 26.7M | 25.0M | 23.6M |
| Operating Income | -22.1M | -26.7M | -26.2M | -26.2M | -23.0M |
| EBIT | -22.1M | -26.7M | -26.2M | -26.2M | -23.0M |
| Interest Income | -1.0M | 1.1M | 1.3M | 596,000 | 1.8M |
| Interest Income Non Operating | -1.0M | 1.1M | 1.3M | 596,000 | 1.8M |
| Net Interest Income | -1.0M | 1.1M | 1.3M | 596,000 | 1.8M |
| Other Income Expense | 2.3M | 8.6M | 3.0M | -1.9M | -12.2M |
| Special Income Charges | 4,000 | 1.8M | 3.1M | 355,000 | -5.5M |
| Restructuring And Mergern Acquisition | 0.00 | 0.00 | 0.00 | -- | 5.6M |
| Gain On Sale Of Security | 2.8M | 7.1M | 170,000 | -2.1M | -6.5M |
| Earnings From Equity Interest | -573,000 | -327,000 | -280,000 | -141,000 | -- |
| Pretax Income | -20.9M | -16.9M | -21.8M | -27.5M | -33.4M |
| Tax Provision | 57,000 | 84,000 | 26,000 | -1.1M | -- |
| Tax Effect Of Unusual Items | 599,130 | 1.9M | 694,050 | -69,280 | 0.00 |
| Net Income From Continuing And Discontinued Operation | -20.8M | -16.7M | -21.8M | -26.3M | -32.9M |
| Net Income From Continuing Operation Net Minority Interest | -20.8M | -16.7M | -21.8M | -26.3M | -32.9M |
| Net Income Including Noncontrolling Interests | -20.9M | -17.0M | -21.8M | -26.3M | -33.0M |
| Minority Interests | 153,000 | 269,000 | 28,000 | 27,000 | 55,000 |
| Net Income Common Stockholders | -20.8M | -16.7M | -21.8M | -26.3M | -32.9M |
| Net Income | -20.8M | -16.7M | -21.8M | -26.3M | -32.9M |
| EBITDA | -20.7M | -25.3M | -24.8M | -24.9M | -21.9M |
| Normalized EBITDA | -23.5M | -34.2M | -28.1M | -23.2M | -9.8M |
| Reconciled Depreciation | 1.4M | 1.4M | 1.3M | 1.3M | 1.1M |
| Basic EPS | -- | -- | -0.10 | -0.13 | -- |
| Diluted EPS | -- | -- | -0.10 | -0.13 | -- |
| Basic Average Shares | -- | -- | 219.8M | 207.7M | -- |
| Diluted Average Shares | -- | -- | 219.8M | 207.7M | -- |
| Total Unusual Items | 2.9M | 9.0M | 3.3M | -1.7M | -12.0M |
| Total Unusual Items Excluding Goodwill | 2.9M | 9.0M | 3.3M | -1.7M | -12.0M |
| Tax Rate For Calcs | 0.21 | 0.21 | 0.21 | 0.04 | 0.00 |
| Normalized Income | -23.0M | -23.8M | -24.4M | -24.6M | -20.9M |
| Diluted NI Availto Com Stockholders | -20.8M | -16.7M | -21.8M | -26.3M | -32.9M |
| Gain On Sale Of Ppe | 4,000 | 1.8M | 3.1M | 355,000 | 64,000 |
| Net Income Continuous Operations | -20.9M | -17.0M | -21.8M | -26.3M | -33.0M |
| Net Non Operating Interest Income Expense | -1.0M | 1.1M | 1.3M | 596,000 | 1.8M |
| Reconciled Cost Of Revenue | 17.6M | 12.8M | 3.7M | 18.1M | 39.3M |
| Total Expenses | 49.2M | 44.4M | 30.4M | 43.1M | 62.9M |
| Total Operating Income As Reported | -22.1M | -26.7M | -26.2M | -26.2M | -28.6M |
| Line Item | Q4 2025Dec 31, 2025 | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 64.7M | 94.0M | 71.5M | 73.0M | 38.6M |
| Cash Cash Equivalents And Short Term Investments | 861.8M | 235.3M | 197.9M | 162.6M | 119.5M |
| Other Short Term Investments | 797.1M | 141.3M | 126.4M | 89.6M | 80.9M |
| Accounts Receivable | 16.0M | 8.0M | 328,000 | 13.7M | 29.0M |
| Receivables | 18.0M | 12.1M | 7.8M | 20.4M | 37.8M |
| Inventory | 73.5M | 74.4M | 76.5M | 67.7M | 66.5M |
| Other Current Assets | 5.3M | 5.2M | 6.7M | 6.2M | 6.5M |
| Current Assets | 958.7M | 326.9M | 288.9M | 256.9M | 230.2M |
| Gross PPE | 430.0M | 414.1M | 398.1M | 384.4M | 374.3M |
| Accumulated Depreciation | -48.0M | -49.7M | -47.0M | -44.0M | -40.7M |
| Net PPE | 382.1M | 364.4M | 351.1M | 340.4M | 333.5M |
| Goodwill And Other Intangible Assets | 4.4M | 4.5M | 4.5M | 4.6M | 4.8M |
| Other Intangible Assets | 4.4M | 4.5M | 4.5M | 4.6M | 4.8M |
| Investments And Advances | 37.8M | 32.4M | 30.0M | 21.0M | 15.9M |
| Long Term Equity Investment | -- | 24.2M | 22.0M | -- | -- |
| Other Investments | 27.5M | -- | -- | -- | 15.9M |
| Other Non Current Assets | 29.0M | 30.1M | 27.9M | 27.9M | 27.6M |
| Total Non Current Assets | 453.2M | 431.4M | 413.6M | 393.9M | 381.8M |
| Total Assets | 1.4B | 758.3M | 702.5M | 650.8M | 612.0M |
| Current Debt And Capital Lease Obligation | -- | -- | -- | -- | 693,000 |
| Accounts Payable | 5.3M | 5.0M | 4.9M | 6.8M | 7.5M |
| Payables | 5.4M | 6.1M | 5.8M | 7.3M | 9.2M |
| Payables And Accrued Expenses | 25.0M | 20.3M | 22.2M | 23.9M | 31.4M |
| Current Accrued Expenses | 19.6M | 14.2M | 16.3M | 16.6M | 22.2M |
| Current Deferred Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 813,000 |
| Other Current Liabilities | 5.5M | 2.6M | 2.5M | 2.4M | 1.8M |
| Current Liabilities | 31.2M | 28.4M | 35.7M | 42.3M | 59.3M |
| Long Term Debt | 675.7M | -- | -- | -- | -- |
| Long Term Debt And Capital Lease Obligation | 675.7M | -- | -- | -- | 1.5M |
| Long Term Capital Lease Obligation | -- | -- | -- | -- | 1.5M |
| Other Non Current Liabilities | 954,000 | 1.1M | 1.2M | 1.5M | 1.5M |
| Total Non Current Liabilities Net Minority Interest | 698.0M | 22.3M | 22.0M | 23.1M | 21.0M |
| Total Liabilities Net Minority Interest | 729.3M | 50.8M | 57.7M | 65.4M | 80.3M |
| Common Stock | 1.2B | 1.2B | 1.1B | 1.0B | 937.9M |
| Capital Stock | 1.2B | 1.2B | 1.1B | 1.0B | 937.9M |
| Retained Earnings | -489.7M | -468.9M | -452.1M | -430.3M | -404.0M |
| Gains Losses Not Affecting Retained Earnings | -2.9M | -2.4M | -3.0M | -6.7M | -6.1M |
| Other Equity Adjustments | -2.9M | -2.4M | -3.0M | -6.7M | -6.1M |
| Common Stock Equity | 678.4M | 703.2M | 640.2M | 580.8M | 527.8M |
| Stockholders Equity | 678.4M | 703.2M | 640.2M | 580.8M | 527.8M |
| Total Equity Gross Minority Interest | 682.6M | 707.6M | 644.8M | 585.4M | 531.7M |
| Minority Interest | 4.2M | 4.3M | 4.6M | 4.6M | 3.9M |
| Total Capitalization | 1.4B | 703.2M | 640.2M | 580.8M | 527.8M |
| Net Tangible Assets | 674.0M | 698.8M | 635.6M | 576.2M | 523.0M |
| Tangible Book Value | 674.0M | 698.8M | 635.6M | 576.2M | 523.0M |
| Working Capital | 927.4M | 298.5M | 253.2M | 214.6M | 170.9M |
| Invested Capital | 1.4B | 703.2M | 640.2M | 580.8M | 527.8M |
| Total Debt | 675.7M | -- | -- | -- | 2.2M |
| Net Debt | 611.0M | -- | -- | -- | -- |
| Share Issued | 240.4M | 236.9M | 229.4M | 214.8M | 198.7M |
| Ordinary Shares Number | 240.4M | 236.9M | 229.4M | 214.8M | 198.7M |
| Allowance For Doubtful Accounts Receivable | -- | -- | -- | -- | -- |
| Capital Lease Obligations | -- | -- | -- | -- | 2.2M |
| Construction In Progress | 9.3M | 5.3M | 1.5M | 2.0M | 3.2M |
| Current Capital Lease Obligation | -- | -- | -- | -- | 693,000 |
| Current Deferred Liabilities | 0.00 | 0.00 | 0.00 | 0.00 | 813,000 |
| Current Provisions | 788,000 | 5.6M | 11.0M | 15.9M | 24.6M |
| Gross Accounts Receivable | -- | -- | -- | -- | -- |
| Held To Maturity Securities | 10.2M | 8.2M | 8.0M | -- | 0.00 |
| Interest Payable | 1.3M | -- | -- | -- | 0.00 |
| Investmentin Financial Assets | 10.2M | 8.2M | 8.0M | -- | 0.00 |
| Investments In Other Ventures Under Equity Method | -- | 24.2M | 22.0M | -- | -- |
| Land And Improvements | 7.4M | 1.0M | 1.0M | 1.0M | 1.0M |
| Long Term Provisions | 21.4M | 21.2M | 20.9M | 21.6M | 19.5M |
| Machinery Furniture Equipment | 72.7M | 72.0M | 71.7M | 71.0M | 69.5M |
| Non Current Accounts Receivable | -- | -- | -- | -- | -- |
| Non Current Deferred Liabilities | -- | -- | -- | -- | 0.00 |
| Non Current Deferred Revenue | -- | -- | -- | -- | 0.00 |
| Notes Receivable | -- | -- | -- | -- | 0.00 |
| Other Properties | -- | -- | -- | -- | -- |
| Other Receivables | -- | 390,000 | 114,000 | -- | -- |
| Raw Materials | 29.3M | 38.7M | 30.1M | 26.7M | 24.1M |
| Taxes Receivable | 2.0M | 3.6M | 7.3M | 6.7M | 8.7M |
| Total Tax Payable | 109,000 | 1.1M | 929,000 | 519,000 | 1.7M |
| Work In Process | 44.2M | 35.6M | 46.4M | 41.0M | 42.4M |
| Line Item | Q4 2025Dec 31, 2025 | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 |
|---|---|---|---|---|---|
| Operating Cash Flow | -16.2M | -28.5M | -25.9M | -18.8M | -36.0M |
| Cash Flow From Continuing Operating Activities | -16.2M | -28.5M | -25.9M | -18.8M | -36.0M |
| Depreciation Amortization Depletion | 1.4M | 1.4M | 1.3M | 1.3M | 1.1M |
| Stock Based Compensation | 3.8M | 3.3M | 2.9M | 2.6M | 1.6M |
| Change In Working Capital | 2.4M | -9.5M | -118,000 | 9.2M | -2.8M |
| Change In Receivables | -5.2M | -4.3M | 12.6M | 17.4M | -13.4M |
| Change In Inventory | 2.9M | 3.5M | -7.0M | -180,000 | 6.3M |
| Change In Payables And Accrued Expense | 6.3M | -955,000 | -4.7M | -9.1M | -2.0M |
| Change In Other Current Assets | -1.5M | -7.0M | -524,000 | 852,000 | 7.6M |
| Other Non Cash Items | -2.1M | -5.6M | -5.2M | -6.7M | -2.0M |
| Capital Expenditure | -19.0M | -15.0M | -9.3M | -8.6M | -2.5M |
| Purchase Of PPE | -19.0M | -15.0M | -9.3M | -8.6M | -2.5M |
| Net PPE Purchase And Sale | -19.0M | -15.0M | -9.3M | -8.6M | -2.5M |
| Purchase Of Investment | -776.1M | -53.1M | -102.9M | -42.9M | -56.9M |
| Sale Of Investment | 115.6M | 42.9M | 57.2M | 27.8M | 66.4M |
| Net Investment Purchase And Sale | -660.6M | -10.2M | -45.7M | -15.1M | 9.5M |
| Investing Cash Flow | -679.5M | -23.3M | -51.8M | -23.4M | -9.7M |
| Cash Flow From Continuing Investing Activities | -679.5M | -23.3M | -51.8M | -23.4M | -9.7M |
| Issuance Of Capital Stock | 45.3M | 75.0M | 74.3M | 77.6M | 11.8M |
| Net Common Stock Issuance | 45.3M | 75.0M | 74.3M | 77.6M | 11.8M |
| Financing Cash Flow | 667.0M | 75.8M | 74.3M | 77.8M | 12.0M |
| Cash Flow From Continuing Financing Activities | 667.0M | 75.8M | 74.3M | 77.8M | 12.0M |
| Effect Of Exchange Rate Changes | -742,000 | 818,000 | 2.2M | -1.1M | -1.5M |
| Changes In Cash | -28.7M | 24.0M | -3.5M | 35.6M | -33.7M |
| Beginning Cash Position | 116.6M | 91.8M | 93.2M | 58.6M | 66.7M |
| End Cash Position | 87.2M | 116.6M | 91.8M | 93.2M | 58.6M |
| Free Cash Flow | -35.2M | -43.5M | -35.2M | -27.4M | -38.5M |
| Interest Paid Supplemental Data | 68,000 | 37,000 | 52,000 | 56,000 | -- |
| Change In Prepaid Assets | -64,000 | -812,000 | -439,000 | 236,000 | -1.2M |
| Common Stock Issuance | 45.3M | 75.0M | 74.3M | 77.6M | 11.8M |
| Earnings Losses From Equity Investments | 573,000 | 327,000 | 280,000 | 141,000 | -- |
| Gain Loss On Investment Securities | -1.3M | 95,000 | -262,000 | -188,000 | -606,000 |
| Gain Loss On Sale Of PPE | -- | -- | -- | -- | -64,000 |
| Net Foreign Currency Exchange Gain Loss | -41,000 | 264,000 | 93,000 | 1.4M | -554,000 |
| Net Income From Continuing Operations | -20.9M | -17.0M | -21.8M | -26.3M | -33.0M |
| Net Intangibles Purchase And Sale | 0.00 | -- | -- | -- | 0.00 |
| Net Other Financing Charges | -79.2M | -122,000 | 0.00 | 95,000 | 0.00 |
| Net Other Investing Changes | 4,000 | 1.8M | 3.1M | 355,000 | 64,000 |
| Operating Gains Losses | -780,000 | -1.1M | -3.0M | 1.0M | -1.0M |
| Other Cash Adjustment Outside Changein Cash | -- | -- | -- | -- | 27.0M |
| Proceeds From Stock Option Exercised | 869,000 | 947,000 | 34,000 | 123,000 | 198,000 |
| Purchase Of Intangibles | 0.00 | -- | -- | -- | 0.00 |
| Unrealized Gain Loss On Investment Securities | -- | -- | -- | -- | 0.00 |