Tantalus Systems Holding 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	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	9.82	13.22	5.15	5.85	14.2	4.65
Cash & Short-Term Investments	9.82	13.22	5.15	5.85	14.2	4.65
Cash Growth	-4.74%	156.50%	-11.92%	-58.81%	205.61%	-13.42%
Accounts Receivable	7.57	10.01	7.87	9.04	5.34	8.9
Other Receivables	-	-	-	0	0.05	1.21
Receivables	7.57	10.01	7.87	9.04	5.4	10.1
Inventory	6.17	4.83	6.63	5.69	5.69	4.59
Prepaid Expenses	1.44	1.83	1.47	1.53	1.14	1.38
Restricted Cash	-	-	0.67	0.67	-	-
Total Current Assets	25	29.89	21.8	22.79	26.43	20.72
Property, Plant & Equipment	2.73	2.77	3.34	4.14	4.44	2.43
Goodwill	3.45	3.45	3.45	3.45	-	-
Other Intangible Assets	4.87	5.44	6.21	6.98	0.16	0.37
Total Assets	36.04	41.55	34.8	37.36	31.03	23.53
Accounts Payable	8.57	7.99	7.8	7.3	4.82	7.13
Accrued Expenses	5.58	6.69	5.25	3.2	2.8	3.75
Short-Term Debt	-	3.68	8.5	8.1	8.1	8.08
Current Portion of Long-Term Debt	1.4	1.53	-	1.1	-	-
Current Portion of Leases	0.77	0.84	0.86	0.86	0.73	0.73
Current Unearned Revenue	5.01	6.05	4.18	4.62	3.15	4.26
Other Current Liabilities	1.2	0.96	0.68	4.32	1.36	1.31
Total Current Liabilities	22.53	27.74	27.27	29.5	20.95	25.26
Long-Term Debt	5.58	5.37	2.89	1.16	-	-
Long-Term Leases	1.09	1.39	2.12	2.62	3.28	0.58
Long-Term Unearned Revenue	0.04	0.1	0.2	0.5	-	-
Total Liabilities	29.24	34.61	32.48	33.78	24.24	25.84
Common Stock	95.22	94.58	88.14	88.14	86.93	71.48
Retained Earnings	-132.99	-131.82	-129.2	-127.51	-122.31	-115.29
Comprehensive Income & Other	44.57	44.18	43.37	42.95	42.17	41.51
Shareholders' Equity	6.8	6.94	2.32	3.58	6.79	-2.31
Total Liabilities & Equity	36.04	41.55	34.8	37.36	31.03	23.53
Total Debt	8.85	12.82	14.37	13.84	12.11	9.39
Net Cash (Debt)	0.97	0.4	-9.21	-7.99	2.1	-4.74
Net Cash Per Share	0.02	0.01	-0.21	-0.18	0.05	-0.14
Filing Date Shares Outstanding	51.45	50.85	44.6	44.6	44.5	38.86
Total Common Shares Outstanding	51.43	50.85	44.6	44.6	43.63	33.67
Working Capital	2.47	2.15	-5.47	-6.7	5.47	-4.54
Book Value Per Share	0.13	0.14	0.05	0.08	0.16	-0.07
Tangible Book Value	-1.51	-1.95	-7.34	-6.85	6.63	-2.69
Tangible Book Value Per Share	-0.03	-0.04	-0.16	-0.15	0.15	-0.08
Machinery	-	9.67	9.51	9.24	9.07	8.93
Leasehold Improvements	-	1.88	1.64	1.64	1.62	1.62

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.