| Schedule of Changes in Accounts Receivable from Continuing Operations |
The following table presents changes in the Company’s accounts receivable from continuing operations for the three months ended March 31, 2026 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance as of
December 31,
2025 |
|
|
Additions (a) |
|
|
Deductions |
|
|
Balance as of
March 31,
2026 |
|
Accounts receivable |
|
$ |
1,078 |
|
|
$ |
7,355 |
|
|
$ |
(6,040 |
) |
|
$ |
2,393 |
|
(a)The Company assumed accounts receivable as part of the Numed and Renergen acquisitions totaling $0.2 million and $3.2 million, respectively (Note 14).
|
| Reconciliation of Total Assets by Segment |
The following table shows total assets by segment and a reconciliation to the condensed consolidated financial statements as of March 31, 2026 and December 31, 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
March 31,
2026 |
|
|
December 31,
2025 |
|
Segment assets: |
|
|
|
|
|
|
Specialist isotopes and related services |
|
$ |
431,494 |
|
|
$ |
321,190 |
|
Nuclear fuels |
|
|
90,676 |
|
|
|
94,252 |
|
Helium and LNG |
|
|
65,499 |
|
|
|
— |
|
Discontinued operations |
|
|
— |
|
|
|
82,578 |
|
Total assets |
|
$ |
587,669 |
|
|
$ |
498,020 |
|
|
| Schedule of Information from the Consolidated Statements of Operations and Comprehensive Loss |
Select information from the consolidated statements of operations and comprehensive loss as of the three months ended March 31, 2026 and 2025 is as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues |
|
|
Net Income (Loss) Before
Allocation to Noncontrolling Interest |
|
|
|
Three Months Ended March 31, |
|
|
Three Months Ended March 31, |
|
Segment |
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Specialist isotopes and related services |
|
$ |
3,386 |
|
|
$ |
1,102 |
|
|
$ |
(10,590 |
) |
|
$ |
(6,367 |
) |
Nuclear fuels |
|
|
200 |
|
|
|
— |
|
|
|
(6,113 |
) |
|
|
(2,094 |
) |
Helium and LNG |
|
|
594 |
|
|
|
— |
|
|
|
(10,003 |
) |
|
|
— |
|
|
|
$ |
4,180 |
|
|
$ |
1,102 |
|
|
$ |
(26,706 |
) |
|
$ |
(8,461 |
) |
|
| Schedule of Reconciliation of Total Segment Revenue to Total Consolidated Revenue and of Total Segment Gross Profit and Segment Operating Income to Total Consolidated Income Before Income Taxes |
A reconciliation of total segment revenue to total consolidated revenue and of total segment gross profit and segment operating income to total consolidated income before income taxes, for the three months ended March 31, 2026 and 2025, is as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, 2026 |
|
|
|
Specialist isotopes and related services |
|
|
Nuclear fuels |
|
|
Helium and LNG |
|
|
Total |
|
Sales from external customers |
|
$ |
3,386 |
|
|
$ |
— |
|
|
$ |
594 |
|
|
$ |
3,980 |
|
Collaboration revenue |
|
|
— |
|
|
|
200 |
|
|
|
— |
|
|
|
200 |
|
Less: cost of sales |
|
|
(1,694 |
) |
|
|
— |
|
|
|
(820 |
) |
|
|
(2,514 |
) |
Segment gross profit |
|
|
1,692 |
|
|
|
200 |
|
|
|
(226 |
) |
|
|
1,666 |
|
Personnel expenses |
|
|
7,587 |
|
|
|
3,248 |
|
|
|
1,131 |
|
|
|
11,966 |
|
Professional fees |
|
|
3,482 |
|
|
|
2,197 |
|
|
|
531 |
|
|
|
6,210 |
|
Other segment expenses |
|
|
5,356 |
|
|
|
911 |
|
|
|
2,111 |
|
|
|
8,378 |
|
Segment operating loss |
|
|
(14,733 |
) |
|
|
(6,156 |
) |
|
|
(3,999 |
) |
|
|
(24,888 |
) |
Foreign exchange transaction loss |
|
|
(38 |
) |
|
|
(43 |
) |
|
|
(3,644 |
) |
|
|
(3,725 |
) |
Change in fair value of investments |
|
|
1,126 |
|
|
|
— |
|
|
|
— |
|
|
|
1,126 |
|
Change in fair value of convertible notes payable |
|
|
89 |
|
|
|
(657 |
) |
|
|
— |
|
|
|
(568 |
) |
Interest income (expense), net |
|
|
2,085 |
|
|
|
744 |
|
|
|
(1,511 |
) |
|
|
1,318 |
|
Loss before income tax benefit |
|
$ |
(11,471 |
) |
|
$ |
(6,112 |
) |
|
$ |
(9,154 |
) |
|
$ |
(26,737 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, 2025 |
|
|
|
Specialist isotopes and related services |
|
|
Nuclear fuels |
|
|
Total |
|
Sales from external customers |
|
$ |
1,102 |
|
|
$ |
— |
|
|
$ |
1,102 |
|
Less: cost of sales |
|
|
(775 |
) |
|
|
— |
|
|
|
(775 |
) |
Segment gross profit |
|
|
327 |
|
|
|
— |
|
|
|
327 |
|
Personnel expenses |
|
|
3,300 |
|
|
|
591 |
|
|
|
3,891 |
|
Professional fees |
|
|
1,968 |
|
|
|
376 |
|
|
|
2,344 |
|
Other segment expenses |
|
|
1,699 |
|
|
|
345 |
|
|
|
2,044 |
|
Segment operating loss |
|
|
(6,640 |
) |
|
|
(1,312 |
) |
|
|
(7,952 |
) |
Foreign exchange transaction loss |
|
|
(61 |
) |
|
|
— |
|
|
|
(61 |
) |
Change in fair value of share liability |
|
|
12 |
|
|
|
— |
|
|
|
12 |
|
Change in fair value of convertible notes payable |
|
|
— |
|
|
|
(957 |
) |
|
|
(957 |
) |
Interest income, net |
|
|
251 |
|
|
|
175 |
|
|
|
426 |
|
Loss before income tax expense |
|
$ |
(6,438 |
) |
|
$ |
(2,094 |
) |
|
$ |
(8,532 |
) |
|