AREN (AREN)
The Arena Group Holdings, Inc.
AMEX:ARENCommunication Services · Internet Content & Information
Mkt Cap-
Float12.82M
O/S-
Inst Own-
SI3.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$134.83M
Net Income$124.86M
Total Assets$112.6M
Free Cash Flow$29.66M
Debt & Equity
Debt 105%
Total Debt$100.05M
Total Equity-$4.83M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:100Reverse splitMar 7, 2016100 shares → 1
Balance Sheet Details
Assets$112.6M
Liabilities$117.43M
Accounts Receivable$22.27M
Accounts Payable$1.68M
Inventory$0
PP&E (Net)$2.09M
Goodwill$42.58M
Intangible Assets$22.41M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 |
| Revenue | $134.83M | $125.91M | $143.63M | $220.94M | $189.14M | $128.03M | $53.34M | $5.7M | $77K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.59M | $3.43M | $2.36M | $5.83M | $5.16M | $9.14M | $5.93M | $6.24M | $6.15M | $4.93M | $2.28M |
| YoY Growth | 7.1% | -12.3% | -35.0% | 16.8% | 47.7% | 140.0% | 835.8% | 7303.3% | - | - | - | - | - | - | - | - | - | - | - | -24.4% | 45.3% | -59.5% | 13.0% | -43.5% | 54.0% | -4.9% | 1.5% | 24.6% | 116.4% | - |
| Cost of Revenue | $66.48M | $70.19M | $88.36M | $132.92M | $110.53M | $103.06M | $47.3M | $7.64M | $1.59M | $390 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $555K | $657K | $894K | $3.99M | $1.79M | $3.9M | $3.49M | $3.56M | $3.41M | $2.18M | $884K |
| Gross Profit | $68.35M | $55.72M | $55.27M | $88.01M | $78.61M | $24.97M | $6.04M | -$1.94M | -$1.51M | -$390 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.04M | $2.77M | $1.47M | $1.84M | $3.38M | $5.24M | $2.44M | $2.68M | $2.73M | $2.75M | $1.4M |
| Gross Margin | 50.7% | 44.3% | 38.5% | 39.8% | 41.6% | 19.5% | 11.3% | -34.1% | -1965.9% | - | - | - | - | - | - | - | - | - | - | 78.6% | 80.8% | 62.1% | 31.6% | 65.4% | 57.3% | 41.2% | 42.9% | 44.5% | 55.8% | 61.2% |
| Research and Development | $0 | $0 | $8.78M | $9.46M | $0 | $8.55M | $6.19M | $1.18M | $115K | $412K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $444K | $318K | $994K | $1.66M | $2.51M | $3.51M | $4.18M | $5.58M | $6.6M | $3.4M | $2.47M |
| Selling, General, and Administrative | $24.09M | $42.95M | $66.89M | $124.54M | $137.54M | $79.6M | $42.3M | $12.01M | $4.72M | $1.77M | $226K | $254K | $261K | $251K | $250K | $276K | $334K | $243K | -$199K | $1.49M | $803K | $1.14M | $2.44M | $3.47M | $4.08M | $5.56M | $6.59M | $6.22M | $3.7M | $2.07M |
| Other | $3.47M | $4.9M | -$2.94M | $9.9M | $25.35M | $7.73M | -$1.64M | -$3.37M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $74K | $399K | -$1.49M | -$363K | $0 | $1.52M | $498K | $839K | $839K | $0 | $131K | $155K | $357K |
| Total Operating Expenses | $27.56M | $47.85M | $72.73M | $143.9M | $162.89M | $95.88M | $46.85M | $12.07M | $4.84M | $2.18M | $226K | $254K | $261K | $251K | $250K | $276K | $334K | $317K | $199K | $441K | $758K | $2.13M | $5.62M | $6.48M | $8.43M | $10.58M | $12.17M | $12.95M | $7.25M | $4.89M |
| Operating Income (EBIT) | $40.79M | $7.87M | -$17.46M | -$55.88M | -$84.28M | -$70.91M | -$40.81M | -$14.01M | -$6.35M | -$2.18M | -$226K | -$254K | -$261K | -$251K | -$250K | -$276K | -$334K | -$100K | -$199K | $1.6M | $2.01M | -$667K | -$3.78M | -$3.11M | -$3.2M | -$8.14M | -$8.82M | -$10.22M | -$4.39M | -$3.5M |
| Operating Margin | 30.3% | 6.2% | -12.2% | -25.3% | -44.6% | -55.4% | -76.5% | -245.8% | -8246.4% | - | - | - | - | - | - | - | - | - | - | 61.6% | 58.7% | -28.3% | -64.8% | -60.1% | -35.0% | -137.1% | -141.3% | -166.2% | -88.9% | -153.3% |
| Interest Expense | $11.36M | $14.67M | $17.96M | $11.43M | $10.45M | $16.5M | $10.46M | $2.51M | $0 | $0 | $32K | $26K | $43K | $67K | $75K | $73K | $57K | $74K | -$5.16M | $104K | $10K | $0 | $0 | $0 | $119K | $47K | $1.35M | $124K | $42K | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $6K | $381K | $14K | $22K | $411 | $27K | $32K | $26K | $43K | $67K | $75K | $0 | $0 | $74K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $45K | $0 | $241K | $0 | $88K |
| Other Income (Expense) | -$11.66M | -$15.29M | -$19.56M | -$12.57M | -$7.33M | -$18.11M | -$17.23M | -$12.15M | $65K | -$4K | $29K | $19K | $84K | $821K | -$12K | $72K | $63K | $74K | $84K | -$9K | $0 | $111K | $528K | $287K | -$119K | $527K | -$676K | -$24K | $73K | $57K |
| Income Before Tax (EBT) | $29.13M | -$7.42M | -$37.02M | -$68.45M | -$91.61M | -$89.02M | -$58.04M | -$26.16M | -$6.28M | -$2.19M | -$196K | -$235K | -$176K | $570K | -$262K | -$203K | -$271K | -$169K | -$116K | $1.69M | $0 | -$556K | -$3.25M | -$2.82M | -$3.31M | -$7.61M | -$10.17M | -$10.24M | -$4.43M | -$3.44M |
| Income Tax Expense | $520K | $249K | $197K | -$1.06M | -$1.67M | $211K | -$19.54M | -$92K | $0 | $0 | $800 | $800 | $800 | $1K | $800 | $800 | $800 | $800 | $30K | -$95K | $10K | $0 | $0 | $0 | $0 | $0 | -$13K | $27K | $50K | $10K |
| Net Income | $124.86M | -$100.71M | -$55.58M | -$70.86M | -$89.94M | -$89.23M | -$38.5M | -$26.07M | -$6.28M | -$2.19M | -$197K | -$236K | -$177K | $568K | -$263K | -$204K | -$272K | -$175K | $4.93M | $1.59M | $2M | -$556K | -$3.25M | -$2.82M | -$3.31M | -$8.9M | -$10.16M | -$10.27M | -$4.48M | -$3.45M |
| Net Income Margin | 92.6% | -80.0% | -38.7% | -32.1% | -47.6% | -69.7% | -72.2% | -457.3% | -8162.0% | - | - | - | - | - | - | - | - | - | - | 61.2% | 58.4% | -23.6% | -55.7% | -54.6% | -36.3% | -149.9% | -162.7% | -167.1% | -90.8% | -151.2% |
| Supplementary Data | ||||||||||||||||||||||||||||||
| EPS | 2.63 | -2.85 | -2.49 | -4.02 | -7.87 | -50.18 | -22.84 | -21.95 | -9.27 | -14.35 | -0.47 | -0.59 | -0.45 | 1.53 | -0.73 | -0.58 | -0.79 | -0.59 | 23.67 | 8.80 | 8.80 | -2.72 | -16.62 | -16.04 | -20.29 | -107.99 | -282.94 | -404.50 | -263.62 | -173.47 |
| Diluted EPS | 2.62 | -2.85 | -2.49 | -4.02 | -7.87 | -50.18 | -22.84 | -21.95 | -9.27 | -5.08 | -0.47 | -0.59 | -0.45 | 1.33 | -0.73 | -0.58 | -0.79 | -0.59 | 20.52 | 4.40 | 6.60 | -2.72 | -13.40 | -16.04 | -20.29 | -107.99 | -282.94 | -404.50 | -263.62 | -173.47 |
| Weighted Average OS | 47.47M | 35.41M | 22.32M | 17.63M | 11.43M | 2.09M | 1.69M | 1.19M | 678,146 | 152,421 | 415,861 | 401,225 | 393,204 | 372,262 | 360,891 | 353,078 | 343,235 | 298,044 | 208,115 | 206,007 | 204,929 | 204,371 | 195,528 | 175,672 | 163,310 | 82,388 | 35,892 | 25,384 | 16,987 | 19,881 |
| EBITDA | $49.37M | $19.34M | $10.79M | -$28.03M | -$55.99M | -$47.69M | -$36.84M | -$22.29M | -$5.76M | -$2.19M | -$196K | -$235K | -$176K | $570K | -$163K | -$203K | -$271K | -$169K | -$146K | $1.69M | $2.02M | -$646K | -$3.54M | -$2.4M | -$1.95M | -$6.68M | -$8.08M | -$8.8M | -$3.99M | -$3.27M |
| EBITDA Margin | 36.6% | 15.4% | 7.5% | -12.7% | -29.6% | -37.3% | -69.1% | -391.0% | -7480.5% | - | - | - | - | - | - | - | - | - | - | 65.2% | 58.9% | -27.4% | -60.7% | -46.5% | -21.4% | -112.6% | -129.4% | -143.1% | -80.9% | -143.6% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 |
| Assets | ||||||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $10.34M | $4.36M | $9.28M | $13.87M | $9.35M | $9.03M | $9.47M | $2.41M | $619K | $598K | $546K | $542K | $100K | $114K | $423K | $40K | $211K | $3.32M | $3.1M | $1.33M | $159K | $1.32M | $143K | $82K | $800K | $276K | $2.92M | $224K | $9.09M | $6M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.78M | $1.93M | $2.53M | $2.66M | $2.49M | $4.02M | $4.02M | $1.12M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.02M | $0 | $0 |
| Cash and Short-Term Investments | $10.34M | $4.36M | $9.28M | $13.87M | $9.35M | $9.03M | $9.47M | $2.41M | $619K | $598K | $2.32M | $2.48M | $2.63M | $2.77M | $2.91M | $4.06M | $4.23M | $4.44M | $3.1M | $1.33M | $159K | $1.32M | $143K | $82K | $800K | $276K | $2.92M | $2.25M | $9.09M | $6M |
| Accounts Receivable | $22.27M | $31.26M | $31.88M | $34.93M | $22.81M | $17.29M | $16.99M | $6.24M | $53K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $17K | $38K | $59K | $111K | $1.51M | $583K | $925K | $634K | $1.91M | $1.43M | $601K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $309K | $302K | $646K | $487K | $1.7M | $2.05M | $4.08M | $3.33M | $3.01M | $1.9M | $1.03M |
| Other Current Assets | $1.29M | $2.47M | $46.33M | $26.65M | $42.04M | $44.03M | $15.1M | $224K | $3.01M | $0 | $30K | $29K | $32K | $36K | $22K | $47K | $50K | $63K | $51K | $250K | $51K | $32K | $113K | $288K | $227K | $329K | $527K | $464K | $474K | $129K |
| Total Current Assets | $35.63M | $40.23M | $90.4M | $78.69M | $77.67M | $73.85M | $45.02M | $9.53M | $3.86M | $720K | $2.35M | $2.5M | $2.66M | $2.81M | $2.94M | $4.1M | $4.28M | $4.5M | $3.15M | $1.9M | $551K | $2.06M | $854K | $3.59M | $3.66M | $5.61M | $7.41M | $7.62M | $12.89M | $7.76M |
| Long-Term Assets | ||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $2.09M | $2.49M | $504K | $1.11M | $1.16M | $19.42M | $10.53M | $69K | $2.69M | $548K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $9K | $0 | $5K | $35K | $362K | $416K | $1.08M | $1.54M | $1.99M | $826K | $251K |
| Goodwill | $42.58M | $42.58M | $42.58M | $39.34M | $19.62M | $16.14M | $16.14M | $7.32M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $22.41M | $30.9M | $36.18M | $69.3M | $66.66M | $78.86M | $91.4M | $20.11M | $2.65M | $20K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $498K | $1.34M | $634K | $3.01M | $1.43M | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $42K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $61K | $434K | $262K | $350K | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $9.9M | $151K | $19.22M | $15.27M | $8.87M | $25.94M | $33.85M | $120K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $25K | $21K | $0 | $0 | $0 | $11K | $10K | $12K | $13K | $273K | $13K | $18K |
| Total Long-Term Assets | $76.97M | $76.12M | $98.48M | $125.02M | $96.31M | $140.36M | $151.97M | $27.62M | $2.71M | $568K | $0 | $0 | $0 | $0 | $1M | $0 | $0 | $0 | $25K | $30K | $0 | $5K | $35K | $373K | $924K | $2.49M | $4.17M | $5.54M | $5.04M | $269K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $112.6M | $116.35M | $188.88M | $203.72M | $173.98M | $214.2M | $196.99M | $37.16M | $6.57M | $1.29M | $2.35M | $2.5M | $2.66M | $2.81M | $3.94M | $4.1M | $4.28M | $4.5M | $3.18M | $1.93M | $551K | $2.07M | $889K | $3.96M | $4.59M | $8.09M | $11.58M | $13.17M | $17.93M | $8.03M |
| Liabilities | ||||||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||||||
| Accounts Payable | $1.68M | $4.84M | $7.8M | $12.86M | $11.98M | $8.23M | $9.58M | $4.94M | $162K | $154K | $10K | $18K | $18K | $0 | $5K | $5K | $14K | $5K | $5K | $87K | $1.77M | $2.17M | $1.96M | $2.23M | $1.74M | $1.1M | $2.7M | $2.37M | $1.55M | $801K |
| Short-Term Debt | $0 | $0 | $129.81M | $114.58M | $17.73M | $7.18M | $2.94M | $1.42M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $43K | $114K | $897K | $268K | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $645K | $779K | $1.06M | $802K | $0 | $0 | $0 | $0 | $0 | $0 | $682 | $0 | $0 | $0 | $800 | $31K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $78K | $348K | $439K | $273K |
| Current Unearned Revenue | $3.25M | $6.35M | $16.94M | $58.7M | $54.03M | $61.63M | $32.16M | $396K | $31K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $23K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $828K | $96.62M | $50.41M | $1.97M | $3.74M | $5.18M | $41.09M | $8.75M | $73K | $137K | $76K | $71K | $76K | $109K | $81K | $8K | $0 | $22K | $42K | $1.04M | $1.46M | $4.07M | $2.9M | $3.95M | $2.6M | $3.08M | $486K | $733K | $470K | $192K |
| Total Current Liabilities | $17M | $122.26M | $236.02M | $216.36M | $116.41M | $107.56M | $87.54M | $21.85M | $416K | $346K | $86K | $89K | $94K | $125K | $102K | $38K | $49K | $65K | $89K | $1.31M | $4.15M | $7.81M | $6.1M | $7.04M | $4.96M | $5.04M | $3.97M | $4.96M | $3.28M | $1.71M |
| Long-Term Liabilities | ||||||||||||||||||||||||||||||
| Long-Term Debt | $99.65M | $121.09M | $0 | $0 | $64.37M | $62.19M | $112.31M | $7.58M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.7M | $142K | $0 | $0 | $103K | $87K | $143K | $153K | $151K | $170K | $0 |
| Long-Term Unearned Revenue | $43K | $403K | $542K | $19.7M | $15.28M | $23.5M | $31.18M | $253K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $733K | $802K | $599K | $465K | $362K | $211K | $0 | -$455K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $43K | $168K | $10.71M | $17.49M | $28.45M | $2.75M | $242K | $457K | $3.17M | $168K | $168K | $168K | $168K | $168K | $168K | $168K | $177K | $200K | $221K | $168K | $168K | $168K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $100.42M | $124.42M | $11.85M | $39.5M | $109.25M | $108.54M | $146.35M | $8.29M | $3.17M | $168K | $168K | $168K | $168K | $168K | $168K | $168K | $177K | $200K | $221K | $2.87M | $310K | $168K | $0 | $103K | $87K | $143K | $153K | $151K | $170K | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.96M | $0 | $0 | $0 | $0 | $0 | $0 | -$801K |
| Total Liabilities | $117.43M | $246.68M | $247.87M | $255.87M | $225.66M | $216.1M | $233.89M | $29.83M | $3.58M | $515K | $254K | $257K | $263K | $294K | $271K | $207K | $226K | $265K | $310K | $4.18M | $4.46M | $7.98M | $6.1M | $7.14M | $5.05M | $5.18M | $4.12M | $5.11M | $3.45M | $1.71M |
| Stockholders' Equity | ||||||||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $13.89M | $18.42M | $168K | $18.05M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $168K | $168K | $0 | $0 | $168K | $168K | $250K | $312K | $974K | $29 | $35 | $0 | $0 |
| Common Stock | $482K | $475K | $237K | $182K | $126K | $104K | $371K | $358K | $285K | $220K | $93K | $89K | $87K | $83K | $80K | $78K | $77K | $75K | $46K | $458K | $451K | $451K | $449K | $420K | $383K | $232K | $143K | $57K | $55K | $34K |
| Retained Earnings | -$354.5M | -$479.36M | -$378.65M | -$323.07M | -$252.21M | -$162.27M | -$73.04M | -$34.54M | -$8.47M | -$2.19M | -$62.53M | -$62.33M | -$62.09M | -$61.92M | -$60.68M | -$60.42M | -$60.21M | -$59.94M | -$59.77M | -$64.69M | -$66.28M | -$68.29M | -$67.73M | -$64.48M | -$61.66M | -$58.31M | -$45.8M | -$34.22M | -$23.58M | -$19.1M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $39K | $0 | $0 | $0 | $5K | $8K | -$14K | -$3K | -$25K | $11K | $6K | $3K | $0 | $0 | $0 | $0 | $0 | -$1.22M | -$1.29M | -$536K | -$487K | $207K | $26K | $9K |
| Other Stockholders' Equity | $349.2M | $348.56M | $319.42M | $270.74M | $200.41M | $160.27M | $35.77M | $41.51M | $11.17M | $2.74M | $64.53M | $64.49M | $64.4M | $64.35M | $64.27M | $64.24M | $64.2M | $64.1M | $62.59M | $61.99M | $61.92M | $61.92M | $62.07M | $60.88M | $60.82M | $60.99M | $53.11M | $42.23M | $38.01M | $25.39M |
| Total Equity | -$4.83M | -$130.33M | -$58.99M | -$52.15M | -$51.68M | -$1.9M | -$36.9M | $7.33M | $2.98M | $773K | $2.1M | $2.25M | $2.4M | $2.51M | $3.67M | $3.9M | $4.06M | $4.24M | $2.87M | -$2.25M | -$3.91M | -$5.91M | -$5.21M | -$3.18M | -$463K | $2.91M | $7.46M | $8.06M | $14.48M | $6.32M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $112.6M | $116.35M | $188.88M | $203.72M | $173.98M | $214.2M | $196.99M | $37.16M | $6.57M | $1.29M | $2.35M | $2.5M | $2.66M | $2.81M | $3.94M | $4.1M | $4.28M | $4.5M | $3.18M | $1.93M | $551K | $2.07M | $889K | $3.96M | $4.59M | $8.09M | $11.58M | $13.17M | $17.93M | $8.03M |
| Supplementary Data | ||||||||||||||||||||||||||||||
| Total Debt | $100.05M | $123.69M | $131.49M | $116.85M | $83.26M | $90.32M | $117.87M | $9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.7M | $142K | $0 | $0 | $103K | $87K | $186K | $268K | $1.05M | $439K | $0 |
| Net Debt | $89.71M | $119.33M | $122.21M | $102.98M | $73.92M | $81.28M | $108.39M | $6.59M | -$619K | -$598K | -$546K | -$542K | -$100K | -$114K | -$423K | -$40K | -$211K | -$3.32M | -$3.1M | $1.37M | -$17K | -$1.32M | -$143K | $21K | -$713K | -$90K | -$2.65M | $824K | -$8.65M | -$6M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 |
| Operating Activities | ||||||||||||||||||||||||||||||
| Net Income | $124.86M | -$100.71M | -$55.58M | -$70.86M | -$89.94M | -$89.23M | -$38.5M | -$26.07M | -$6.28M | -$2.19M | -$197K | -$236K | -$177K | $568K | -$263K | -$204K | -$272K | -$175K | -$146K | $1.59M | $2M | -$556K | -$3.25M | -$2.82M | -$3.31M | -$8.9M | -$10.16M | -$10.27M | -$4.48M | -$3.45M |
| Depreciation & Amortization | $8.89M | $12.09M | $27.71M | $27.11M | $25.17M | $24.83M | $10.74M | $2.46M | $525K | $390 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5K | $21K | $237K | $706K | $1.24M | $1.45M | $1.42M | $1.42M | $508K | $221K |
| Deferred Income Tax | -$69K | $203K | $134K | -$1.2M | -$1.67M | $211K | -$19.54M | -$92K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $485K | $3.03M | $19.06M | $31.34M | $30.49M | $14.64M | $10.36M | $4.34M | $1.63M | $2.65M | $50K | $65K | $56K | $63K | $69K | $50K | $50K | $53K | $21K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||||||||
| Accounts Receivable | $8.23M | $10.48M | -$11.6M | -$2.04M | -$3.88M | $362K | -$1.69M | -$1.38M | -$53K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | -$39.88M | -$547K | $32K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$6K | $244K | -$159K | $663K | $373K | $1.75M | -$851K | -$996K | -$1.11M | -$895K | -$283K |
| Accounts Payable | -$4.95M | -$3.73M | -$2.66M | -$6.54M | $3.75M | -$1.4M | $3.32M | $1.63M | $8K | $116K | -$8K | $0 | $15K | -$5K | $500 | -$9K | $9K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$99.56M | $17.72M | -$10.38M | $6.52M | $5.9M | $972K | $4.19M | $101K | $17K | -$188K | -$684 | $0 | $4K | -$14K | $8K | -$20K | -$13K | -$234K | $0 | -$1.52M | -$3.15M | $1.75M | $1.2M | $917K | $288K | $616K | $1.1M | $579K | -$67K | -$278K |
| Total Working Capital Change | -$96.28M | $24.47M | -$24.64M | -$2.05M | $5.77M | -$70K | -$34.05M | -$201K | $4K | -$71K | -$9K | $3K | $18K | -$19K | $8K | -$29K | -$4K | -$234K | -$233K | -$1.53M | -$2.9M | $1.59M | $1.86M | $1.29M | $2.03M | -$235K | $102K | -$531K | -$961K | -$561K |
| Other Non-Cash Items | $1.37M | $44.84M | $8.55M | $4.35M | $15.45M | $17.32M | $14.03M | $12.14M | -$65K | $1.01M | $3K | $7K | -$41K | -$754K | $87K | $992 | $13K | $11K | -$2.32M | -$1.45M | -$263K | $23K | $1.34M | -$150K | -$6K | $1.67M | $263K | $707K | $510K | $357K |
| Net Cash from Operating | $39.25M | -$16.08M | -$24.77M | -$11.3M | -$14.73M | -$32.29M | -$56.95M | -$7.42M | -$4.19M | -$1.14M | -$153K | -$161K | -$144K | -$142K | -$99K | -$183K | -$213K | -$345K | -$2.68M | -$1.39M | -$1.16M | $1.08M | $186K | -$972K | -$44K | -$6.01M | -$8.38M | -$8.67M | -$4.42M | -$3.43M |
| Investing Activities | ||||||||||||||||||||||||||||||
| Capital Expenditures | -$9.59M | -$54K | -$3.77M | -$530K | -$377K | -$1.21M | -$2.69M | -$2.19M | -$2.04M | -$429K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$23K | -$9K | $0 | $0 | -$20K | -$14K | -$17K | -$461K | -$410K | -$1.75M | -$377K | -$41K |
| Acquisitions | $0 | $0 | -$500K | -$35.33M | -$7.95M | -$315K | -$16.33M | -$18.04M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.22M | -$711K | -$1.87M | -$3.47M | -$1.79M | -$5M | -$7.08M | -$1.11M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$2.02M | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $2.45M | $0 | $0 | $0 | $0 | $0 | $947K | $1.38M | $1.31M | $2M | $3.3M | $3.27M | $5.01M | $4.18M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.04M | $0 | $0 | $0 |
| Other Investing Activities | $0 | -$5.12M | $1.06M | -$5.18M | -$4.82M | -$3.4M | $0 | -$3.37M | -$1.98M | $2.23M | $0 | $0 | $0 | $0 | -$1M | $726K | $371K | $0 | $3.47M | $5K | $0 | $6K | $9K | $46K | $59K | $487K | $143K | -$488K | -$548K | -$4K |
| Net Cash from Investing | -$9.59M | -$5.17M | -$3.21M | -$38.59M | -$13.15M | -$4.93M | -$19.02M | -$23.59M | -$2.04M | $519K | $157K | $603K | $129K | -$167K | $481K | $12K | -$2.9M | -$1.11M | $3.45M | -$4K | $0 | $6K | -$11K | $33K | $41K | $26K | $1.77M | -$4.26M | -$924K | -$45K |
| Financing Activities | ||||||||||||||||||||||||||||||
| Debt Repaid | $23.65M | - | -$8M | -$28.8M | -$5.09M | -$10.57M | -$55.33M | -$17.31M | - | - | - | - | - | - | - | - | - | - | - | -$2.56M | $8K | - | - | - | $90K | $62K | $730K | -$609K | $23K | - |
| Common Stock Issuance | $0 | $12M | $11.5M | $32.06M | $20M | $0 | $0 | $1.25M | $6.25M | $3K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.75M | $0 | $0 | $0 | $3K | $0 | $0 | $632K | $96K | $3.66M | $23K | $8.46M | $6.14M |
| Common Stock Repurchases | -$29K | $0 | $0 | $0 | $0 | $0 | -$256K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.19M | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.8M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | -$1.29M | -$2.12M | -$8.55M | -$1.71M | -$1.25M | $28.9M | -$159K | $3M | $1.21M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$58K | $1M | $0 | $0 | $94K | $4K | $190K | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Financing | -$23.68M | $16.33M | $22.89M | $54.42M | $28.19M | $37.28M | $82.92M | $29.91M | $9.25M | $1.22M | $0 | $0 | $0 | -$1.8M | $0 | $0 | $0 | $1.69M | $1M | $2.56M | -$8K | $96K | $4K | $190K | $542K | $3.38M | $9.19M | $3.93M | $8.44M | $7.14M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.8M | $0 | $0 | $0 | -$11K | $0 | $0 | $0 | $0 | -$118K | $31K | -$15K | -$40K | $109K | $130K | $18K | $3K |
| Net Change in Cash | $5.98M | -$4.92M | -$5.09M | $4.52M | $316K | $62K | $6.95M | -$1.09M | $3.02M | $598K | $3K | $442K | -$14K | -$309K | $383K | -$171K | -$3.11M | $223K | $1.77M | $1.17M | -$1.17M | $1.18M | $61K | -$718K | $524K | -$2.64M | $2.69M | -$8.87M | $3.09M | $3.66M |
| Supplementary Data | ||||||||||||||||||||||||||||||
| Operating Cash Flow | $39.25M | -$16.08M | -$24.77M | -$11.3M | -$14.73M | -$32.29M | -$56.95M | -$7.42M | -$4.19M | -$1.14M | -$153K | -$161K | -$144K | -$142K | -$99K | -$183K | -$213K | -$345K | -$2.68M | -$1.39M | -$1.16M | $1.08M | $186K | -$972K | -$44K | -$6.01M | -$8.38M | -$8.67M | -$4.42M | -$3.43M |
| Capital Expenditure | -$9.59M | -$5.17M | -$3.77M | -$5.71M | -$5.2M | -$4.96M | -$2.69M | -$2.19M | -$2.04M | -$429K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$23K | -$9K | $0 | $0 | -$20K | -$14K | -$17K | -$461K | -$410K | -$1.75M | -$377K | -$41K |
| Free Cash Flow | $29.66M | -$21.25M | -$28.55M | -$17.01M | -$19.93M | -$37.26M | -$59.64M | -$9.61M | -$6.23M | -$1.57M | -$153K | -$161K | -$144K | -$142K | -$99K | -$183K | -$213K | -$345K | -$2.7M | -$1.39M | -$1.16M | $1.08M | $165K | -$986K | -$61K | -$6.47M | -$8.79M | -$10.42M | -$4.8M | -$3.47M |
| Cash at Beginning | $4.36M | $9.28M | $14.37M | $9.85M | $9.54M | $9.47M | $2.53M | $3.62M | $598K | $0 | $542K | $100K | $114K | $423K | $40K | $211K | $3.32M | $3.1M | $1.33M | $159K | $1.32M | $143K | $82K | $800K | $276K | $2.92M | $224K | $9.09M | $6M | $2.34M |
| Cash at End | $10.34M | $4.36M | $9.28M | $14.37M | $9.85M | $9.53M | $9.47M | $2.53M | $3.62M | $598K | $546K | $542K | $100K | $114K | $423K | $40K | $211K | $3.32M | $3.1M | $1.33M | $159K | $1.32M | $143K | $82K | $800K | $276K | $2.92M | $224K | $9.09M | $6M |