Qualstar Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	1.5	1.87	2.4	2.28	2.77	4.09
Short-Term Investments	1.22	0.94	0.04	0.14	0.03	-
Cash & Short-Term Investments	2.72	2.81	2.45	2.42	2.8	4.09
Cash Growth	7.14%	14.97%	1.24%	-13.75%	-31.62%	-1.49%
Accounts Receivable	0.63	0.68	0.68	2.17	1.64	1.35
Other Receivables	0.04	0.04	0.02	-	-	-
Receivables	0.9	0.9	0.81	2.28	1.64	1.35
Inventory	2.66	2.2	2.8	2.87	3.04	2.28
Prepaid Expenses	0.27	0.18	0.19	0.24	0.14	0.3
Restricted Cash	-	-	-	-	-	0.1
Total Current Assets	6.54	6.09	6.24	7.8	7.62	8.13
Property, Plant & Equipment	0.22	0.26	0.41	0.14	0.33	0.42
Long-Term Deferred Tax Assets	0.03	0.03	0.03	0.03	0.03	0.03
Other Long-Term Assets	0.04	0.04	0.05	0.06	0.02	0.02
Total Assets	6.84	6.42	6.73	8.03	8.04	8.61
Accounts Payable	0.73	0.35	0.51	1.48	0.95	0.98
Accrued Expenses	0.12	0.13	0.13	0.23	0.19	0.21
Current Portion of Leases	0.16	0.15	0.14	0.1	0.17	0.12
Current Unearned Revenue	0.54	0.46	0.66	0.58	0.69	0.62
Other Current Liabilities	0.06	0.05	0.04	0.04	0.08	0.14
Total Current Liabilities	1.61	1.14	1.46	2.42	2.07	2.07
Long-Term Leases	0.05	0.09	0.25	-	0.1	0.2
Long-Term Unearned Revenue	0.58	0.54	0.42	0.57	0.51	0.45
Other Long-Term Liabilities	0.03	0.03	0.03	0.03	0.03	0.03
Total Liabilities	2.27	1.8	2.15	3.02	2.7	2.75
Common Stock	17.72	17.71	17.73	17.7	18.22	18.79
Retained Earnings	-13.15	-13.09	-13.16	-12.69	-12.88	-12.93
Shareholders' Equity	4.57	4.62	4.58	5.01	5.34	5.86
Total Liabilities & Equity	6.84	6.42	6.73	8.03	8.04	8.61
Total Debt	0.21	0.25	0.38	0.1	0.26	0.32
Net Cash (Debt)	2.51	2.57	2.06	2.32	2.54	3.77
Net Cash Growth	14.69%	24.38%	-11.08%	-8.66%	-32.70%	9.49%
Net Cash Per Share	0.60	0.59	0.48	0.49	0.46	0.65
Filing Date Shares Outstanding	4.14	4.14	4.23	4.34	4.88	5.65
Total Common Shares Outstanding	4.14	4.14	4.23	4.34	4.88	5.65
Working Capital	4.94	4.95	4.78	5.38	5.55	6.06
Book Value Per Share	1.10	1.11	1.08	1.15	1.09	1.04
Tangible Book Value	4.57	4.62	4.58	5.01	5.34	5.86
Tangible Book Value Per Share	1.10	1.11	1.08	1.15	1.09	1.04
Machinery	0.65	0.65	0.65	0.65	0.64	0.64
Leasehold Improvements	0.12	0.12	0.12	0.12	0.12	0.12

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