ModuLink Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	-1.27	-0.28	0.01
Depreciation & Amortization	0.02	0	-
Other Operating Activities	-	0.04	0.01
Change in Accounts Receivable	0.39	-0.01	-0.2
Change in Accounts Payable	-0.02	0	0.02
Change in Unearned Revenue	0.04	0.15	-
Change in Other Net Operating Assets	-0.39	-0.25	0.41
Operating Cash Flow	-1.24	-0.35	0.25
Capital Expenditures	-0.04	-0.03	-
Investment in Securities	-	-0	-
Other Investing Activities	-0.02	-	-
Investing Cash Flow	-0.05	-0.03	-
Issuance of Common Stock	1.07	-	-
Other Financing Activities	-0.01	0.39	-
Financing Cash Flow	1.06	0.39	-
Net Cash Flow	-0.23	0.02	0.25
Free Cash Flow	-1.27	-0.37	0.25
Free Cash Flow Margin	-98.36%	-90.60%	15.52%
Levered Free Cash Flow	-0.8	-0.4	-
Unlevered Free Cash Flow	-0.79	-0.4	-
Change in Working Capital	0.02	-0.1	0.23

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