Latest reported quarter: Q2, ended Jun 2026
| Line item | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|---|
| Total Revenue as Reported | $1.01M | $494,000.00 | $1.91M | $310,000.00 | $429,000.00 |
| Total Operating Revenue | $1.01M | $494,000.00 | $1.91M | $310,000.00 | $429,000.00 |
| Cost of Revenue | $233,000.00 | $114,000.00 | $569,000.00 | $91,000.00 | $123,000.00 |
| Gross Profit | $776,000.00 | $380,000.00 | $1.34M | $219,000.00 | $306,000.00 |
| Operating Expense | $31.77M | $24.39M | $95.48M | $29.43M | $22.57M |
| Selling and Admin Expenses | $8.40M | $6.93M | $26.12M | $9.67M | $5.76M |
| Research & Development | $23.37M | $17.46M | $69.12M | $19.51M | $16.81M |
| Operating Profit | -$31.00M | -$24.01M | -$94.14M | -$29.21M | -$22.27M |
| Net Non-Operating Interest Income (Expense) | -$131,000.00 | -$27,000.00 | $636,000.00 | $699,000.00 | -$15,000.00 |
| Non-Operating Interest Expense | $131,000.00 | $27,000.00 | $73,000.00 | $10,000.00 | $15,000.00 |
| Other Income (Expense) | $2.35M | $1.63M | -$725,000.00 | -$515,000.00 | $71,000.00 |
| Gain on Sale of Security | -$69,000.00 | -$94,000.00 | -$725,000.00 | -$129,000.00 | -$76,000.00 |
| Other Non-Operating Income (Expenses) | $2.42M | $1.72M | – | – | $147,000.00 |
| Pretax Profit | -$28.78M | -$22.41M | -$94.23M | -$29.02M | -$22.21M |
| Tax | $0.00 | $492,000.00 | $0.00 | $0.00 | $0.00 |
| Net Profit | -$28.78M | -$22.90M | -$94.23M | -$29.02M | -$22.21M |
| Profit from Continuing Operations | -$28.78M | -$22.90M | -$94.23M | -$29.02M | -$22.21M |
| Minority Interests | $317,000.00 | $126,000.00 | -$81,000.00 | $179,000.00 | $35,000.00 |
| Net Income to Parent Company | -$29.09M | -$23.02M | -$94.14M | -$29.20M | -$22.24M |
| Net Income to Common Stockholders | -$29.09M | -$23.02M | -$94.14M | -$29.20M | -$22.24M |
| Basic EPS | -$0.30 | -$0.28 | -$2.55 | -$0.75 | -$0.62 |
| Diluted EPS | -$0.30 | -$0.28 | -$2.55 | -$0.75 | -$0.62 |
| Other Operating Expenses | – | – | $242,000.00 | – | – |
| Non-Operating Interest Income | – | – | $709,000.00 | – | – |
| Special Income (Charges) | – | – | $0.00 | – | – |
| Line item | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|---|
| Total Assets | $272.51M | $294.72M | $23.00M | $23.00M | $19.07M |
| Total Current Assets | $260.65M | $286.67M | $15.68M | $15.68M | $11.22M |
| Cash and Cash Equivalents & Short-Term Investments | $256.87M | $282.70M | $12.58M | $12.58M | $9.12M |
| -Cash and Cash Equivalents | $256.87M | $282.70M | – | – | – |
| Receivables | $548,000.00 | $231,000.00 | $311,000.00 | $311,000.00 | $234,000.00 |
| -Accounts Receivable | $548,000.00 | $231,000.00 | $32,000.00 | $32,000.00 | $234,000.00 |
| Prepaid Assets | $1.30M | $1.64M | $1.23M | $1.23M | $880,000.00 |
| Inventory | $8,000.00 | $122,000.00 | $152,000.00 | $152,000.00 | $436,000.00 |
| Restricted Cash | $518,000.00 | $511,000.00 | – | – | – |
| Other Current Assets | $1.41M | $1.46M | – | – | $555,000.00 |
| Total Non-Current Assets | $11.86M | $8.05M | $7.32M | $7.32M | $7.85M |
| Net PPE | $8.25M | $7.95M | $7.26M | $7.26M | $7.27M |
| -Gross PPE | $8.25M | $7.95M | $7.26M | $7.26M | $7.27M |
| Goodwill and Other Intangible Assets | $97,000.00 | $105,000.00 | $65,000.00 | $65,000.00 | $70,000.00 |
| Other Non-Current Assets | $3.51M | – | – | – | $514,000.00 |
| Total Liabilities | $20.84M | $16.31M | $23.25M | $23.25M | $15.72M |
| Total Current Liabilities | $18.36M | $13.69M | $21.37M | $21.37M | $13.43M |
| Payables | $8.95M | $6.59M | $16.58M | $16.58M | $8.22M |
| -Accounts Payable | $5.10M | $3.79M | $11.09M | $11.09M | $4.28M |
| -Total Tax Payable | $3.85M | $2.80M | $5.49M | $5.49M | $3.95M |
| Current Accrued Expenses | $5.61M | $4.89M | $3.43M | $3.43M | $4.26M |
| Short-Term Debt and Capital Lease Obligation | $1.03M | $1.31M | $582,000.00 | $582,000.00 | $720,000.00 |
| -Current Debt | $404,000.00 | $707,000.00 | $16,000.00 | $16,000.00 | $96,000.00 |
| -Current Capital Lease Obligation | $624,000.00 | $604,000.00 | $566,000.00 | $566,000.00 | $624,000.00 |
| Current Provisions | $538,000.00 | $526,000.00 | $506,000.00 | $506,000.00 | – |
| Total Non-Current Liabilities | $2.48M | $2.62M | $1.88M | $1.88M | $2.28M |
| Long Term Debt and Capital Lease Obligation | $2.29M | $2.42M | $1.70M | $1.70M | $1.63M |
| -Long Term Debt | $47,000.00 | $18,000.00 | $22,000.00 | $22,000.00 | $26,000.00 |
| -Long Term Capital Lease Obligation | $2.25M | $2.41M | $1.68M | $1.68M | $1.61M |
| Other Non-Current Liabilities | $183,000.00 | $193,000.00 | $35,000.00 | $35,000.00 | $40,000.00 |
| Total Equity | $251.67M | $278.41M | -$253,000.00 | -$253,000.00 | $3.36M |
| Stockholders' Equity | $251.39M | $278.45M | -$93,000.00 | -$93,000.00 | $3.70M |
| Capital Stock | $10,000.00 | $10,000.00 | $4,000.00 | $4,000.00 | $4,000.00 |
| -Common Stock | $10,000.00 | $10,000.00 | $4,000.00 | $4,000.00 | $4,000.00 |
| -Preferred Stock | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Additional Paid-In Capital | $684.17M | $682.22M | $380.71M | $380.71M | $355.27M |
| Retained Earnings | -$422.65M | -$393.56M | -$370.53M | -$370.53M | -$341.33M |
| Gains/Losses Not Affecting Retained Earnings | -$10.15M | -$10.22M | -$10.28M | -$10.28M | -$10.25M |
| Minority Interests | $283,000.00 | -$34,000.00 | -$160,000.00 | -$160,000.00 | -$339,000.00 |
| -Taxes Receivable | – | – | $0.00 | $0.00 | – |
| -Other Receivables | – | – | $279,000.00 | $279,000.00 | – |
| Current Deferred Assets | – | – | $1.41M | $1.41M | – |
| Non-Current Liabilities | – | – | $12,000.00 | $12,000.00 | $503,000.00 |
| Employee Benefits | – | – | $130,000.00 | $130,000.00 | $110,000.00 |
| Line item | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$20.80M | -$28.68M | -$77.80M | -$18.53M | -$18.25M |
| Net cash flow from continuing operations | -$20.80M | -$28.68M | -$77.80M | -$18.53M | -$18.25M |
| Net Income from Continuing Operations | -$28.78M | -$22.90M | -$94.23M | -$29.02M | -$22.21M |
| Gain/Loss from Continuing Operations | $104,000.00 | $94,000.00 | $744,000.00 | $133,000.00 | $83,000.00 |
| Depreciation & Depletion & Amortization | $469,000.00 | $429,000.00 | $1.66M | $423,000.00 | $417,000.00 |
| Other Non-Cash Items | $0.00 | -$8,000.00 | -$29,000.00 | -$8,000.00 | -$13,000.00 |
| Change in Working Capital | $5.29M | -$8.11M | $6.26M | $6.91M | $1.97M |
| -Change in Receivables | $90,000.00 | -$940,000.00 | -$515,000.00 | -$894,000.00 | $1.39M |
| -Change in Inventory | $114,000.00 | $30,000.00 | $362,000.00 | $285,000.00 | $12,000.00 |
| -Change in Payables and Accrued Expense | $5.09M | -$7.20M | $6.42M | $7.52M | $567,000.00 |
| Net cash flow from investing | -$648,000.00 | -$182,000.00 | -$596,000.00 | -$397,000.00 | -$772,000.00 |
| Net Cash Flow from Continuing Investing Activities | -$648,000.00 | -$182,000.00 | -$596,000.00 | -$397,000.00 | -$772,000.00 |
| Net PPE Purchase and Sale | -$648,000.00 | -$137,000.00 | -$1.95M | -$397,000.00 | -$772,000.00 |
| Net Intangibles Purchase and Sale | $0.00 | -$45,000.00 | $1.36M | $0.00 | $0.00 |
| Financing Cash Flow | -$877,000.00 | $299.51M | $20.56M | $22.38M | -$294,000.00 |
| Net Cash Flow from Continuing Financing Activities | -$877,000.00 | $299.51M | $20.56M | $22.38M | -$294,000.00 |
| Net Issuance Payments Of Debt | -$316,000.00 | -$563,000.00 | -$1.24M | -$85,000.00 | -$294,000.00 |
| Net Common Stock Issuance | $0.00 | $308.27M | $25.82M | $25.20M | $0.00 |
| Net Other Financing Charges | -$561,000.00 | -$8.20M | -$4.03M | -$2.73M | $0.00 |
| Ending Cash Balance | $260.89M | $283.21M | $12.58M | $12.58M | $9.12M |
| Net Change in Cash | -$22.32M | $270.65M | -$57.84M | $3.46M | -$19.32M |
| Beginning Cash Balance | $283.21M | $12.58M | $70.46M | $9.12M | $28.44M |
| Effect of Exchange Rate Changes | $6,000.00 | -$15,000.00 | -$38,000.00 | -$1,000.00 | -$1,000.00 |
| Free Cash Flow | -$21.45M | -$28.86M | -$79.76M | -$18.92M | -$19.02M |
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