Etherstack Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	2.26	0.14	2.06	1.92	3.04
Cash & Short-Term Investments	2.26	0.14	2.06	1.92	3.04
Cash Growth	1561.03%	-93.40%	7.46%	-36.87%	-27.32%
Accounts Receivable	2.47	2.68	4.02	2.82	1.85
Other Receivables	-	0.64	0.58	0.6	0.59
Receivables	2.47	3.33	4.61	3.42	2.44
Inventory	0.2	0.24	0.29	0.43	0.32
Total Current Assets	4.93	3.7	6.96	5.77	5.8
Property, Plant & Equipment	1.9	0.88	0.6	0.95	1.13
Other Intangible Assets	9.44	8.77	8.16	7.06	5.36
Long-Term Accounts Receivable	0.21	0.41	0.5	0.17	0.28
Total Assets	16.48	13.75	16.22	13.95	12.56
Accounts Payable	0.74	0.84	0.42	0.45	0.87
Accrued Expenses	1.36	1.54	1.81	2.17	2.2
Current Portion of Long-Term Debt	-	0.2	-	-	-
Current Portion of Leases	0.3	0.19	0.22	0.23	0.24
Current Income Taxes Payable	0.17	0.22	0.09	0.11	0.11
Current Unearned Revenue	1.48	1.15	1.02	1.36	2.05
Total Current Liabilities	4.05	4.13	3.56	4.33	5.46
Long-Term Debt	2.47	2.44	2.43	-	-
Long-Term Leases	0.37	0.48	0.05	0.27	0.41
Long-Term Unearned Revenue	0.43	0.35	0.32	0.25	0.17
Pension & Post-Retirement Benefits	0.07	0.04	0.04	0.02	0.01
Total Liabilities	7.38	7.44	6.4	4.87	6.04
Common Stock	0.8	0.75	0.75	0.75	0.75
Additional Paid-In Capital	19.4	16.04	16.04	16.02	15.69
Retained Earnings	-12.86	-12.16	-8.78	-9.3	-11.52
Comprehensive Income & Other	1.76	1.69	1.81	1.62	1.6
Shareholders' Equity	9.1	6.32	9.83	9.08	6.51
Total Liabilities & Equity	16.48	13.75	16.22	13.95	12.56
Total Debt	3.13	3.31	2.7	0.51	0.64
Net Cash (Debt)	-0.87	-3.17	-0.64	1.41	2.39
Net Cash Growth	-	-	-	-41.02%	-23.22%
Net Cash Per Share	-0.01	-0.02	-0.00	0.01	0.02
Filing Date Shares Outstanding	141.55	132.17	131.69	131.02	130.72
Total Common Shares Outstanding	141.55	132.16	131.91	130.76	130.72
Working Capital	0.88	-0.43	3.4	1.44	0.34
Book Value Per Share	0.06	0.05	0.07	0.07	0.05
Tangible Book Value	-0.34	-2.45	1.67	2.02	1.15
Tangible Book Value Per Share	-0.00	-0.02	0.01	0.02	0.01
Machinery	2.37	1.04	0.99	0.86	0.82
Construction In Progress	-	-	-	-	0.35
Leasehold Improvements	-	0.35	0.39	0.39	0.03

Source: S&P Global Market Intelligence. Standard template. Financial Sources.