| Supplemental Quarterly Information (Unaudited) |
26. Supplemental Quarterly Information (Unaudited)
The following tables reflect the Company’s unaudited condensed consolidated statements of operations for each of the quarterly periods in 2024 and 2023:
| Schedule of supplemental quarterly information |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended, |
|
| (Amounts in USD thousands, except share and per share amounts) |
|
December 31,
2024 |
|
|
September 30,
2024 |
|
|
June 30,
2024 |
|
|
March 31,
2024 |
|
| Revenue, net |
|
$ |
(244 |
) |
|
$ |
128 |
|
|
$ |
654 |
|
|
$ |
2,738 |
|
| Cost of revenues |
|
|
(592 |
) |
|
|
(336 |
) |
|
|
(83 |
) |
|
|
(477 |
) |
| Gross profit / (loss) |
|
|
(836 |
) |
|
|
(208 |
) |
|
|
571 |
|
|
|
2,261 |
|
| Income from grants |
|
|
(512 |
) |
|
|
137 |
|
|
|
424 |
|
|
|
838 |
|
| Research and development expenses |
|
|
(704 |
) |
|
|
(411 |
) |
|
|
(695 |
) |
|
|
(1,415 |
) |
| Administrative and selling expenses |
|
|
(7,364 |
) |
|
|
(3,135 |
) |
|
|
2,374 |
|
|
|
(6,193 |
) |
| Sublease income |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
145 |
|
| Amortization of intangible assets |
|
|
(26 |
) |
|
|
(1 |
) |
|
|
(1 |
) |
|
|
(1 |
) |
| Credit loss – customer contracts |
|
|
692 |
|
|
|
(4,309 |
) |
|
|
- |
|
|
|
- |
|
| Operating loss |
|
|
(8,750 |
) |
|
|
(7,927 |
) |
|
|
2,673 |
|
|
|
(4,365 |
) |
| Fair value change of warrant liability |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
59 |
|
| Finance income / (expenses), net |
|
|
(235 |
) |
|
|
(14 |
) |
|
|
(54 |
) |
|
|
(232 |
) |
| Foreign exchange gains / (losses), net |
|
|
1,565 |
|
|
|
(1,672 |
) |
|
|
(156 |
) |
|
|
(9 |
) |
| Loss contingency |
|
|
147 |
|
|
|
- |
|
|
|
36 |
|
|
|
(4,907 |
) |
| Net gains/ (losses) on disposal/write-offs of property, plant and equipment and intangible assets |
|
|
6,500 |
|
|
|
- |
|
|
|
(12,714 |
) |
|
|
(21 |
) |
| Other income / (expenses), net |
|
|
3 |
|
|
|
(2 |
) |
|
|
2 |
|
|
|
4 |
|
| Income taxes |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
55 |
|
| Income (loss) from continuing operations |
|
$ |
(770 |
) |
|
$ |
(9,615 |
) |
|
$ |
(10,213 |
) |
|
$ |
(9,416 |
) |
| Income (loss) from discontinued operations |
|
|
(1,073 |
) |
|
|
(8,907 |
) |
|
|
(1,060 |
) |
|
|
60 |
|
| Net income / (loss) |
|
|
(1,843 |
) |
|
|
(18,522 |
) |
|
|
(11,273 |
) |
|
|
(9,356 |
) |
| Net income / (loss) per share |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic loss per share from continuing operations |
|
$ |
(0.29 |
) |
|
$ |
(3.65 |
) |
|
$ |
(3.88 |
) |
|
$ |
(3.64 |
) |
| Basic weighted average number of shares |
|
|
2,636,508 |
|
|
|
2,636,508 |
|
|
|
2,634,179 |
|
|
|
2,584,918 |
|
| Diluted loss per share from continuing operations |
|
$ |
(0.29 |
) |
|
$ |
(3.65 |
) |
|
$ |
(3.88 |
) |
|
$ |
(3.64 |
) |
| Diluted weighted average number of shares |
|
|
2,636,508 |
|
|
|
2,636,508 |
|
|
|
2,634,179 |
|
|
|
2,584,918 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended, |
|
| (Amounts in USD thousands, except share and per share amounts) |
|
December 31,
2023 |
|
|
September 30,
2023 |
|
|
June 30,
2023 |
|
|
March 31,
2023 |
|
| Revenue, net |
|
$ |
1,314 |
|
|
$ |
112 |
|
|
$ |
21 |
|
|
$ |
89 |
|
| Cost of revenues |
|
|
(5,628 |
) |
|
|
(807 |
) |
|
|
(183 |
) |
|
|
(346 |
) |
| Gross profit / (loss) |
|
|
(4,314 |
) |
|
|
(695 |
) |
|
|
(162 |
) |
|
|
(257 |
) |
| Income from grants |
|
|
794 |
|
|
|
242 |
|
|
|
360 |
|
|
|
186 |
|
| Research and development expenses |
|
|
(2,822 |
) |
|
|
(1,197 |
) |
|
|
(1,774 |
) |
|
|
(1,774 |
) |
| Administrative and selling expenses |
|
|
(18,039 |
) |
|
|
(8,000 |
) |
|
|
4,932 |
|
|
|
(7,718 |
) |
| Sublease income |
|
|
139 |
|
|
|
139 |
|
|
|
138 |
|
|
|
127 |
|
| Amortization of intangible assets |
|
|
319 |
|
|
|
(117 |
) |
|
|
(188 |
) |
|
|
(221 |
) |
| Credit loss – customer contracts |
|
|
(985 |
) |
|
|
(3 |
) |
|
|
(60 |
) |
|
|
- |
|
| Impairment loss – intangible assets and goodwill |
|
|
- |
|
|
|
- |
|
|
|
(9,763 |
) |
|
|
- |
|
| Operating loss |
|
|
(24,908 |
) |
|
|
(9,631 |
) |
|
|
(6,517 |
) |
|
|
(9,657 |
) |
| Fair value change of warrant liability |
|
|
39 |
|
|
|
(134 |
) |
|
|
98 |
|
|
|
391 |
|
| Finance income / (expenses), net |
|
|
626 |
|
|
|
(72 |
) |
|
|
(487 |
) |
|
|
37 |
|
| Foreign exchange gains / (losses), net |
|
|
(6 |
) |
|
|
(22 |
) |
|
|
185 |
|
|
|
(56 |
) |
| Net gains/ (losses) on disposal/write-offs of property, plant and equipment and intangible assets |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Other income / (expenses), net |
|
|
(1 |
) |
|
|
(113 |
) |
|
|
(798 |
) |
|
|
42 |
|
| Income taxes |
|
|
(122 |
) |
|
|
81 |
|
|
|
1 |
|
|
|
122 |
|
| Net loss from continuing operations |
|
$ |
(24,372 |
) |
|
$ |
(9,891 |
) |
|
$ |
(7,518 |
) |
|
$ |
(9,121 |
) |
| Income (loss) from discontinued operations |
|
|
(1,360 |
) |
|
|
(1,955 |
) |
|
|
(14,313 |
) |
|
|
(2,867 |
) |
| Net income / (loss) |
|
|
(25,732 |
) |
|
|
(11,846 |
) |
|
|
(21,831 |
) |
|
|
(11,988 |
) |
| Net loss per share |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic loss per share from continuing operations |
|
$ |
(11.41 |
) |
|
$ |
(4.92 |
) |
|
$ |
(4.22 |
) |
|
$ |
(5.26 |
) |
| Basic weighted average number of shares |
|
|
2,136,840 |
|
|
|
2,012,382 |
|
|
|
1,780,574 |
|
|
|
1,733,439 |
|
| Diluted loss per share from continuing operations |
|
$ |
(11.41 |
) |
|
$ |
(4.92 |
) |
|
$ |
(4.22 |
) |
|
$ |
(5.26 |
) |
| Diluted weighted average number of shares |
|
|
2,136,840 |
|
|
|
2,012,382 |
|
|
|
1,780,574 |
|
|
|
1,733,439 |
|
|