Key quarterly metrics and trend context:
- Revenue: None reported in QQ1 2026 (revenue and cost of revenue both listed as null in the data provided).
- Operating Income: -0.848 million USD for QQ1 2026, showing a continued operating loss but a modest quarterly deterioration/improvement relative to prior periods as indicated by a QoQ change listed as 11.66% (the negative sign remains, so the QoQ percentage reflects the rate of change in negative territory).
- Net Income: -8.360 million USD for QQ1 2026, with YoY and QoQ changes shown as -720.65% and -174.52% respectively, indicating a much larger annual loss versus the prior year, and a largerquarterly loss versus the prior quarter.
- EPS (Diluted): -1.23 USD for QQ1 2026, with YoY -823.53% and QoQ -179.55%.
Observations on profitability and cash flow:
- EBITDA: -0.848 million USD, with total other income/expenses net at -7.51179 million USD.
- Net income loss is dominated by non-operating items rather than core operations, given the null revenue and substantive other income/expense line.
- Cash flow from operating activities: -1.99398 million USD; cash at period-end: 13.1783 million USD; cash at beginning: 15.1722 million USD; net change in cash: -1.99386 million, with foreign exchange effects contributing +0.000123 million.
- Free cash flow: -1.99398 million USD (reflecting the operating cash flow and lack of meaningful investing cash flow activity in the period).
- Balance sheet liquidity: total current assets 19.1063 million USD versus total current liabilities 1.060865 million USD, yielding a robust current ratio (~18x) under the quarter’s reported figures.
- Net debt position: net debt is negative (net cash) at -13.1783 million USD, indicating liquidity headroom despite ongoing operating losses.