FLUENT 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	4.41	40.11	10.52	8.36	9.02
Cash & Short-Term Investments	4.41	40.11	10.52	8.36	9.02
Cash Growth	-89.00%	281.20%	25.86%	-7.37%	166.04%
Accounts Receivable	0.84	0.42	0.22	0.03	0.03
Receivables	0.84	0.42	0.22	0.03	0.03
Inventory	15.6	18.84	9.85	9.97	12.28
Prepaid Expenses	1.63	1.4	0.51	0.86	1.2
Restricted Cash	4.5	-	-	-	-
Other Current Assets	1.75	0.67	1.1	0.02	1.01
Total Current Assets	28.72	61.43	22.19	19.24	23.54
Property, Plant & Equipment	83.5	98.93	59.59	62.21	53.33
Long-Term Investments	-	-	-	-	2.73
Goodwill	1.53	1.53	1.53	1.53	1.53
Other Intangible Assets	33.11	37.59	93.59	94.29	95.82
Long-Term Deferred Tax Assets	-	1.04	-	-	-
Long-Term Deferred Charges	-	0.21	-	-	-
Other Long-Term Assets	1.73	6.26	0.91	0.77	0.63
Total Assets	148.58	206.99	177.8	178.03	182.46
Accounts Payable	6.94	6.33	5.53	6.93	8.52
Accrued Expenses	9.9	8.42	9.78	5.53	5.85
Short-Term Debt	0.92	0.45	0.09	-	-
Current Portion of Long-Term Debt	0.34	0.31	0.12	0.74	0.62
Current Portion of Leases	5.47	4.75	2.87	2.12	2.5
Current Income Taxes Payable	-	1	22.01	13.95	2.12
Other Current Liabilities	1.63	7.11	9.11	8.68	3.96
Total Current Liabilities	25.2	28.37	49.51	37.96	23.56
Long-Term Debt	67.15	75.26	61.19	56.97	53.67
Long-Term Leases	65.98	51.73	37.24	33.92	21.09
Long-Term Deferred Tax Liabilities	4.05	4.82	17.4	20.29	21.56
Other Long-Term Liabilities	67.15	55.81	3.88	1.33	-
Total Liabilities	229.54	215.98	169.22	150.47	119.89
Common Stock	206.63	206.42	183.69	180.95	180.66
Retained Earnings	-330.71	-258.21	-217.82	-195.07	-157.65
Comprehensive Income & Other	43.12	42.81	42.72	41.68	39.56
Total Common Equity	-80.96	-8.98	8.59	27.56	62.57
Shareholders' Equity	-80.96	-8.98	8.59	27.56	62.57
Total Liabilities & Equity	148.58	206.99	177.8	178.03	182.46
Total Debt	139.86	132.49	101.52	93.76	77.88
Net Cash (Debt)	-135.45	-92.38	-91	-85.4	-68.86
Net Cash Per Share	-0.25	-0.30	-0.31	-0.34	-0.30
Filing Date Shares Outstanding	637.76	472.31	299.53	264.96	251.92
Total Common Shares Outstanding	637.76	472.31	299.53	264.96	251.92
Working Capital	3.51	33.06	-27.31	-18.72	-0.03
Book Value Per Share	-0.13	-0.02	0.03	0.10	0.25
Tangible Book Value	-115.6	-48.1	-86.53	-68.26	-34.78
Tangible Book Value Per Share	-0.18	-0.10	-0.29	-0.26	-0.14
Land	-	-	0.21	0.21	0.21
Machinery	19.35	19.86	15.26	13.55	12.5
Construction In Progress	1.94	21.17	0.89	1.63	1.46
Leasehold Improvements	68.65	51.6	42.43	37.64	32.29

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