TESI Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	0.07	0	0.03	0.03	0.03
Cash & Short-Term Investments	0.07	0	0.03	0.03	0.03
Cash Growth	2087.92%	-91.20%	26.98%	-20.64%	-
Accounts Receivable	1.17	1.21	0.66	0.52	0.41
Other Receivables	0.18	0.25	0.01	0.2	0.43
Receivables	1.35	1.46	0.67	0.72	0.84
Prepaid Expenses	0.19	0.18	0.24	0.13	0.09
Other Current Assets	-	-	0.53	-	-
Total Current Assets	1.62	1.65	1.48	0.87	0.96
Property, Plant & Equipment	12.43	13.15	7.35	5.84	3.44
Goodwill	12.33	12.44	-	-	-
Other Intangible Assets	0.53	0.55	0.62	0.69	-
Other Long-Term Assets	0.02	0.02	12.73	0.01	0.01
Total Assets	26.93	27.81	22.18	7.41	4.41
Accounts Payable	6.6	6.91	2.85	0.67	0.31
Accrued Expenses	2.01	1.54	0.7	0.09	0.07
Short-Term Debt	0.53	4.47	3.6	-	3.66
Current Portion of Long-Term Debt	10.94	5.43	3.91	1.1	1.24
Current Portion of Leases	0.17	0.21	0.39	0.1	0.09
Other Current Liabilities	1.8	0.25	0.96	0.03	0.03
Total Current Liabilities	22.05	18.81	12.41	1.98	5.4
Long-Term Debt	0.1	5.55	3.17	2.79	0.84
Long-Term Leases	5.48	0.32	1.29	0.12	0.21
Total Liabilities	35.62	24.68	16.88	4.88	6.44
Common Stock	0	0	0	2.53	-2.04
Additional Paid-In Capital	169.13	167.77	155.38	-	-
Retained Earnings	-177.82	-172.49	-150.08	-	-
Total Common Equity	-8.69	-4.71	5.3	2.53	-2.04
Shareholders' Equity	-8.69	3.13	5.3	2.53	-2.04
Total Liabilities & Equity	26.93	27.81	22.18	7.41	4.41
Total Debt	17.22	15.98	12.36	4.09	6.04
Net Cash (Debt)	-17.15	-15.98	-12.33	-4.07	-6
Net Cash Per Share	-0.08	-0.07	-0.07	-0.27	-
Filing Date Shares Outstanding	41.25	39.54	25.39	15.13	-
Total Common Shares Outstanding	39.54	28.21	15.13	15.13	-
Working Capital	-20.43	-17.16	-10.94	-1.11	-4.44
Book Value Per Share	-0.22	-0.17	0.35	0.17	-
Tangible Book Value	-21.56	-17.7	4.68	1.84	-2.04
Tangible Book Value Per Share	-0.55	-0.63	0.31	0.12	-
Machinery	9.16	9.33	4.43	4.13	2.25
Leasehold Improvements	0.13	0.13	0.02	0.02	0.02

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