Latest reported quarter: Q2, ended Jun 2026
| Line item | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|---|
| Total Operating Revenue | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Operating Expense | $18.39M | $170.63M | $22.29M | $4.96M | $4.85M |
| Selling and Admin Expenses | $9.21M | $19.71M | $11.33M | $2.79M | $2.32M |
| -General & Admin Expense | $9.21M | $19.71M | $11.33M | $2.79M | $2.32M |
| Research & Development | $9.18M | $150.91M | $10.96M | $2.17M | $2.54M |
| Operating Profit | -$18.39M | -$170.63M | -$22.29M | -$4.96M | -$4.85M |
| Net Non-Operating Interest Income (Expense) | $2.26M | $392,000.00 | $1.21M | $220,000.00 | $283,000.00 |
| Non-Operating Interest Income | $2.26M | $392,000.00 | $1.24M | $223,000.00 | $289,000.00 |
| Other Income (Expense) | $120,000.00 | -$1,000.00 | -$4,000.00 | $20,000.00 | -$1,000.00 |
| Other Non-Operating Income (Expenses) | $120,000.00 | -$1,000.00 | -$4,000.00 | -$1,000.00 | – |
| Pretax Profit | -$16.01M | -$170.24M | -$21.09M | -$4.72M | -$4.57M |
| Net Profit | -$16.01M | -$170.24M | -$21.09M | -$4.72M | -$4.57M |
| Profit from Continuing Operations | -$16.01M | -$170.24M | -$21.09M | -$4.72M | -$4.57M |
| Net Income to Parent Company | -$16.01M | -$170.24M | -$21.09M | -$4.72M | -$4.57M |
| Net Income to Common Stockholders | -$16.01M | -$170.24M | -$21.09M | -$4.72M | -$4.57M |
| Basic EPS | -$2.84 | -$131.45 | -$16.72 | -$3.74 | -$3.62 |
| Diluted EPS | -$2.84 | -$131.45 | -$16.72 | -$3.74 | -$3.62 |
| Non-Operating Interest Expense | – | – | $32,000.00 | $3,000.00 | $6,000.00 |
| Special Income (Charges) | – | – | $0.00 | $21,000.00 | -$1,000.00 |
| -Less:Impairment of Capital Assets | – | – | $0.00 | – | – |
| -Gain on Sale of Property/Plant/Equipment | – | – | – | – | -$1,000.00 |
| Line item | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|---|
| Total Assets | $189.31M | $205.38M | $22.90M | $22.90M | $27.59M |
| Total Current Assets | $188.66M | $204.23M | $21.51M | $21.51M | $25.79M |
| Cash and Cash Equivalents & Short-Term Investments | $186.44M | $202.79M | $21.18M | $21.18M | $25.04M |
| -Cash and Cash Equivalents | $26.90M | $152.33M | $8.67M | $8.67M | $10.56M |
| -Short Term Investments | $159.54M | $50.47M | $12.52M | $12.52M | $14.48M |
| Prepaid Assets | $1.36M | $974,000.00 | $231,000.00 | $231,000.00 | $496,000.00 |
| Other Current Assets | $858,000.00 | $465,000.00 | $92,000.00 | $92,000.00 | $248,000.00 |
| Total Non-Current Assets | $648,000.00 | $1.15M | $1.40M | $1.40M | $1.80M |
| Net PPE | $568,000.00 | $982,000.00 | $1.38M | $1.38M | $1.79M |
| -Gross PPE | $1.17M | $1.56M | $1.92M | $1.92M | $2.30M |
| -Accumulated Depreciation | -$606,000.00 | -$581,000.00 | -$540,000.00 | -$540,000.00 | -$510,000.00 |
| Other Non-Current Assets | $80,000.00 | $167,000.00 | $18,000.00 | $18,000.00 | $18,000.00 |
| Total Liabilities | $16.35M | $342.67M | $4.31M | $4.31M | $4.58M |
| Total Current Liabilities | $9.58M | $14.19M | $4.25M | $4.25M | $4.44M |
| Payables | $2.15M | $3.42M | $689,000.00 | $689,000.00 | $306,000.00 |
| -Accounts Payable | $2.15M | $3.42M | $689,000.00 | $689,000.00 | $306,000.00 |
| Current Accrued Expenses | $5.25M | $5.43M | $715,000.00 | $715,000.00 | $1.02M |
| Short-Term Debt and Capital Lease Obligation | $592,000.00 | $1.04M | $1.45M | $1.45M | $1.88M |
| -Current Capital Lease Obligation | $592,000.00 | $1.04M | $1.45M | $1.45M | $1.88M |
| Other Current Liabilities | $175,000.00 | $136,000.00 | $77,000.00 | $77,000.00 | $80,000.00 |
| Total Non-Current Liabilities | $6.77M | $328.48M | $59,000.00 | $59,000.00 | $146,000.00 |
| Long Term Debt and Capital Lease Obligation | $0.00 | $1,000.00 | $59,000.00 | $59,000.00 | $146,000.00 |
| -Long Term Capital Lease Obligation | $0.00 | $1,000.00 | $59,000.00 | $59,000.00 | $146,000.00 |
| Convertible preferred securities | $6.77M | $328.48M | – | – | – |
| Other Non-Current Liabilities | $1,000.00 | – | – | – | – |
| Total Equity | $172.96M | -$137.29M | $18.59M | $18.59M | $23.01M |
| Stockholders' Equity | $172.96M | -$137.29M | $18.59M | $18.59M | $23.01M |
| Capital Stock | $2,000.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| -Common Stock | $2,000.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| -Preferred Stock | $0.00 | – | $0.00 | $0.00 | $0.00 |
| Additional Paid-In Capital | $642.40M | $316.11M | $301.73M | $301.73M | $301.43M |
| Retained Earnings | -$469.38M | -$453.37M | -$283.14M | -$283.14M | -$278.42M |
| Gains/Losses Not Affecting Retained Earnings | -$63,000.00 | -$24,000.00 | $1,000.00 | $1,000.00 | -$3,000.00 |
| Line item | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$15.67M | -$10.73M | -$20.45M | -$3.86M | -$3.59M |
| Net cash flow from continuing operations | -$15.67M | -$10.73M | -$20.45M | -$3.86M | -$3.59M |
| Net Income from Continuing Operations | -$16.01M | -$170.24M | -$21.09M | -$4.72M | -$4.57M |
| Depreciation & Depletion & Amortization | $25,000.00 | $30,000.00 | $139,000.00 | $34,000.00 | $34,000.00 |
| Other Non-Cash Items | $389,000.00 | $133.34M | $1.51M | $374,000.00 | $366,000.00 |
| Change in Working Capital | -$3.52M | $13.32M | -$1.59M | $286,000.00 | $469,000.00 |
| -Change in Prepaid Assets | -$384,000.00 | $10.74M | $243,000.00 | $266,000.00 | $331,000.00 |
| -Change in Payables and Accrued Expense | $243,000.00 | -$104,000.00 | $233,000.00 | $77,000.00 | $1.38M |
| -Change in Other Current Assets | -$304,000.00 | $442,000.00 | $80,000.00 | $178,000.00 | -$126,000.00 |
| -Change in Other Current Liabilities | -$430,000.00 | -$407,000.00 | -$1.59M | -$399,000.00 | -$386,000.00 |
| Net cash flow from investing | -$108.07M | -$31.44M | $19.77M | $2.08M | $1.74M |
| Net Cash Flow from Continuing Investing Activities | -$108.07M | -$31.44M | $19.77M | $2.08M | $1.74M |
| Net PPE Purchase and Sale | $0.00 | -$6,000.00 | $234,000.00 | $0.00 | $0.00 |
| Net Business Purchase and Sale | $0.00 | $6.46M | – | – | – |
| Net Investment Purchase and Sale | -$108.07M | -$37.89M | $19.54M | $2.08M | $1.74M |
| Financing Cash Flow | -$1.68M | $185.83M | -$645,000.00 | -$111,000.00 | -$152,000.00 |
| Net Cash Flow from Continuing Financing Activities | -$1.68M | $185.83M | -$645,000.00 | -$111,000.00 | -$152,000.00 |
| Net Issuance Payments Of Debt | -$18,000.00 | -$62,000.00 | -$648,000.00 | -$113,000.00 | -$152,000.00 |
| Net Preferred Stock Issuance | -$1.76M | $184.86M | – | – | – |
| Proceeds from Stock Option Exercised | $98,000.00 | $1.03M | $7,000.00 | $2,000.00 | $0.00 |
| Ending Cash Balance | $26.90M | $152.33M | $8.67M | $8.67M | $10.56M |
| Net Change in Cash | -$125.42M | $143.66M | -$1.33M | -$1.89M | -$2.00M |
| Beginning Cash Balance | $152.33M | $8.67M | $9.99M | $10.56M | $12.56M |
| Free Cash Flow | -$15.67M | -$10.74M | -$20.47M | -$3.86M | -$3.59M |
| -Change In Other Working Capital | – | $2.65M | -$562,000.00 | $164,000.00 | – |
| Net Common Stock Issuance | – | – | -$1,000.00 | $0.00 | $0.00 |
| Net Other Financing Charges | – | – | -$3,000.00 | $0.00 | $0.00 |
| Gain/Loss from Continuing Operations | – | – | – | – | $1,000.00 |
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