HeartBeam, Inc. (BEAT)
HeartBeam, Inc. is a development stage company, which engages in cardiovascular diagnostic technology. Its electrocardiogram (ECG) collection device provides physicians with cardiac diagnostic information for a patient that is outside of a medical institution. The device sends ECG signals to the patient's smartphone and on to a cloud-based software expert system. The company was founded by Branislav Vajdic in 2015 and is headquartered in Santa Clara, CA.
Sector: Surgical & Medical Instruments & Apparatus
Industry: Medical - Specialties
HeartBeam, Inc.
NASDAQ:BEATHealthcare · Medical - Specialties
+2.06%$0.5500
AH$0.5600+1.82%vs close
Mkt Cap$30.99M
Float52.59M
O/S56.35M
Vol
$ Vol
RVOL
Inst Own14.7%
Earnings
Dilution
Financials Summary
Revenue$0
Net Income-$21.02M
Total Assets$5.84M
Free Cash Flow-$14.59M
Debt & Equity
Equity 100%
Total Debt$0
Total Equity$2.6M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:10Reverse splitAug 18, 200510 shares → 1
Balance Sheet Details
Assets$5.84M
Liabilities$3.24M
Accounts Receivable$0
Accounts Payable$1.05M
Inventory$103K
PP&E (Net)$1.1M
Goodwill$0
Intangible Assets$0
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $399.47M | $286.78M | $208.33M | $178.51M | $166.58M | $129.5M | $111.49M | $119.02M | $119.92M | $140.62M | $120.45M | $72.99M | $33.92M | $30.94M | $22.23M | $7.92M |
| YoY Growth | - | - | - | - | - | - | - | 39.3% | 37.7% | 16.7% | 7.2% | 28.6% | 16.2% | -6.3% | -0.8% | -14.7% | 16.7% | 65.0% | 115.2% | 9.6% | 39.2% | 180.6% | - |
| Cost of Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $148.99M | $114.41M | $78.88M | $71.96M | $73.11M | $50.43M | $45.59M | $49.08M | $47.49M | $48.69M | $39.91M | $25.53M | $12.7M | $0 | $16.97M | $5.66M |
| Gross Profit | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $250.49M | $172.37M | $129.45M | $106.56M | $93.46M | $79.07M | $65.9M | $69.95M | $72.43M | $91.93M | $80.54M | $47.47M | $21.22M | $30.94M | $5.26M | $2.26M |
| Gross Margin | - | - | - | - | - | - | - | 62.7% | 60.1% | 62.1% | 59.7% | 56.1% | 61.1% | 59.1% | 58.8% | 60.4% | 65.4% | 66.9% | 65.0% | 62.6% | 100.0% | 23.7% | 28.5% |
| Research and Development | $13.45M | $11.05M | $6.8M | $5.68M | $255K | $133K | $41K | $11.21M | $11.1M | $8.36M | $7.11M | $7.4M | $7.34M | $4.66M | $5.7M | $4.9M | $5.81M | $4M | $3.78M | $3.63M | $0 | $2.41M | $4.44M |
| Selling, General, and Administrative | $7.69M | $8.84M | $8.52M | $7.35M | $2.03M | $655K | $253K | $155.28M | $123.92M | $85.23M | $75.87M | $74.61M | $63.34M | $59.03M | $62.83M | $63.99M | $73.81M | $63.03M | $0 | $0 | $0 | $7.7M | $3.53M |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $12.08M | $18.58M | $19.98M | -$1.06M | $43.44M | $22.08M | $0 | $15.25M | $7.02M |
| Total Operating Expenses | $21.14M | $19.89M | $15.31M | $13.03M | $2.29M | $788K | $294K | $166.48M | $135.02M | $93.59M | $82.98M | $82M | $70.67M | $63.69M | $80.61M | $87.47M | $99.6M | $65.97M | $47.22M | $25.71M | $0 | $25.36M | $14.98M |
| Operating Income (EBIT) | -$21.14M | -$19.89M | -$15.31M | -$13.03M | -$2.29M | -$788K | -$294K | $84M | $37.35M | $35.86M | $23.58M | $11.46M | $8.4M | $2.21M | -$10.66M | -$15.04M | -$7.67M | $14.57M | $242K | -$4.49M | $30.94M | -$20.1M | -$12.73M |
| Operating Margin | - | - | - | - | - | - | - | 21.0% | 13.0% | 17.2% | 13.2% | 6.9% | 6.5% | 2.0% | -9.0% | -12.5% | -5.5% | 12.1% | 0.3% | -13.2% | 100.0% | -90.4% | -160.6% |
| Interest Expense | $0 | $0 | $0 | $66K | $2.17M | $280K | $242K | $9.43M | $4.9M | $0 | $0 | $0 | $0 | $299K | $0 | $3K | $12K | $170K | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $122K | $446K | $675K | $66K | $2K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $124K | $439K | $675K | $69K | -$2.14M | -$280K | -$242K | -$42.5M | -$47.75M | -$20.09M | -$15.68M | -$23.57M | -$15.5M | -$15.32M | -$50.51M | -$4.56M | -$12.8M | -$3.88M | $0 | $0 | $0 | $0 | $0 |
| Income Before Tax (EBT) | -$21.02M | -$19.45M | -$14.64M | -$12.96M | -$4.43M | -$1.07M | -$536K | $41.5M | -$10.4M | $15.77M | $7.9M | -$12.11M | -$7.1M | -$13.11M | -$61.18M | -$19.6M | -$20.47M | $10.69M | $0 | $0 | $0 | $0 | $0 |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$370K | $6.75M | -$37.67M | $468K | -$2.31M | $215K | -$905K | $244K | $262K | $5K | $1.48M | $0 | $0 | $42.4M | $848K | -$46K |
| Net Income | -$21.02M | -$19.45M | -$14.64M | -$12.96M | -$4.43M | -$1.07M | -$536K | $42.82M | -$15.96M | $53.44M | $7.43M | -$9.79M | -$7.32M | -$12.2M | -$61.42M | -$19.86M | -$20.48M | $9.21M | -$358K | -$7.64M | -$11.46M | -$20.95M | -$12.68M |
| Net Income Margin | - | - | - | - | - | - | - | 10.7% | -5.6% | 25.6% | 4.2% | -5.9% | -5.7% | -10.9% | -51.6% | -16.6% | -14.6% | 7.6% | -0.5% | -22.5% | -37.1% | -94.2% | -160.0% |
| Supplementary Data | |||||||||||||||||||||||
| EPS | -0.62 | -0.73 | -0.72 | -1.59 | -0.56 | -0.14 | -0.10 | 1.20 | -0.53 | 1.91 | 0.27 | -0.37 | -0.29 | -0.49 | -2.51 | -0.82 | -0.86 | 0.50 | -0.02 | -0.53 | -4.04 | -7.33 | -5.23 |
| Diluted EPS | -0.62 | -0.73 | -0.72 | -1.59 | -0.56 | -0.14 | -0.10 | 1.20 | -0.53 | 1.75 | 0.26 | -0.37 | -0.29 | -0.49 | -2.51 | -0.82 | -0.86 | 0.41 | -0.02 | -0.51 | -4.04 | -7.33 | -5.23 |
| Weighted Average OS | 33.71M | 26.65M | 20.33M | 8.17M | 7.81M | 8.17M | 8.17M | 35.78M | 30.39M | 27.92M | 27.12M | 26.45M | 25.54M | 24.93M | 24.43M | 24.11M | 23.77M | 18.35M | 14.43M | 14.43M | 2.84M | 2.86M | 2.42M |
| EBITDA | -$20.98M | -$19.44M | $675K | $69K | -$2.26M | $0 | $0 | $92.05M | $24.25M | $30.04M | $20.38M | $444K | $5.21M | -$3.43M | -$49.05M | -$7.52M | -$9.52M | $19.55M | $4.19M | -$4.99M | -$11.46M | -$20.95M | -$12.68M |
| EBITDA Margin | - | - | - | - | - | - | - | 23.0% | 8.5% | 14.4% | 11.4% | 0.3% | 4.0% | -3.1% | -41.2% | -6.3% | -6.8% | 16.2% | 5.7% | -14.7% | -37.1% | -94.2% | -160.0% |
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 2004 | FY 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 | 2004-12-31 | 2003-12-31 |
| Assets | ||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||
| Cash and Cash Equivalents | $4.38M | $2.38M | $16.19M | $3.59M | $13.19M | $24K | $5K | $80.89M | $36.02M | $23.05M | $18.99M | $20.01M | $22.15M | $18.3M | $18.53M | $18.7M | $49.15M | $58.17M | $18.09M | $3.91M | $5.72M | $10.11M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $27.95M | $26.78M | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $4.38M | $2.38M | $16.19M | $3.59M | $13.19M | $24K | $5K | $80.89M | $36.02M | $23.05M | $18.99M | $20.01M | $22.15M | $18.3M | $46.48M | $45.48M | $49.15M | $58.17M | $18.09M | $3.91M | $5.72M | $10.11M |
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $52.63M | $38.49M | $26.86M | $24.18M | $24.55M | $17.12M | $20.31M | $22.59M | $28.02M | $40.88M | $39.43M | $22.85M | $10.5M | $0 | $0 |
| Inventory | $103K | $0 | $0 | $0 | $0 | $0 | $0 | $7.32M | $5.33M | $5.18M | $2.38M | $2.57M | $2.55M | $2.89M | $2.01M | $1.46M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $202K | $393K | $0 | $0 | $0 | $0 | $0 | $5.82M | $10.27M | $4.48M | $1.5M | $2.35M | $2.43M | $1.92M | $1.51M | $3.09M | $2.82M | $1.06M | $430K | $386K | $0 | $0 |
| Total Current Assets | $4.68M | $2.77M | $16.82M | $4.04M | $14M | $51K | $7K | $146.66M | $90.11M | $59.56M | $47.05M | $49.47M | $44.26M | $43.42M | $72.6M | $78.05M | $92.86M | $98.66M | $41.37M | $14.79M | $5.72M | $10.11M |
| Long-Term Assets | ||||||||||||||||||||||
| Property, Plant & Equipment Net | $1.1M | $450K | $256K | $0 | $0 | $0 | $56.38M | $48.38M | $49.19M | $25.82M | $25.55M | $21.7M | $18.78M | $19.85M | $15.04M | $22M | $28.24M | $18.77M | $15.09M | $1.78M | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $301.32M | $238.81M | $223.1M | $41.07M | $29.83M | $29.6M | $16.47M | $16.45M | $3.36M | $49.36M | $46M | $46M | $41.16M | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $129.6M | $129.65M | $141.71M | $33.47M | $19.98M | $22.72M | $7.31M | $9.66M | $2.54M | $3.76M | $939K | $1.82M | $2.81M | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $12.63M | $19.98M | $17.68M | $36.64M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $56K | $56K | $50K | $0 | $806K | $0 | -$500K | $3.32M | $2.77M | $2.42M | $1.73M | $1.29M | $731K | $627K | $1.43M | $3.52M | $286K | $524K | $2.6M | $600K | $0 | $0 |
| Total Long-Term Assets | $1.16M | $506K | $306K | $0 | $806K | $0 | $0 | $440.14M | $434.45M | $139.42M | $77.1M | $75.31M | $43.29M | $46.59M | $22.38M | $78.64M | $75.47M | $67.11M | $61.66M | $2.38M | $0 | $0 |
| Other Assets | $0 | $0 | $0 | $0 | -$806K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $22.8M | $22.15M |
| Total Assets | $5.84M | $3.28M | $17.13M | $4.04M | $14M | $51K | $7K | $586.8M | $524.56M | $198.98M | $124.14M | $124.78M | $87.55M | $90.01M | $94.97M | $156.69M | $168.32M | $165.77M | $103.04M | $17.17M | $22.8M | $22.15M |
| Liabilities | ||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||
| Accounts Payable | $1.05M | $531K | $556K | $1.66M | $587K | $474K | $24.2M | $18.16M | $13.23M | $12.43M | $8.5M | $13.2M | $8.72M | $6.35M | $4.09M | $7.13M | $7.16M | $3.84M | $3.97M | $1.64M | $0 | $0 |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $4.29M | $42K | $5.13M | $2.05M | $1.25M | $1.25M | $938K | $0 | $0 | $0 | $0 | $0 | $72K | $1.14M | $26.58M | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | -$310 | $3.08M | $4.3M | $3.97M | $2.63M | $2.25M | $1.95M | $2.19M | $872K | $408K | $393K | $461K | $466K | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $636K | $0 | $0 | $52K | -$24K | $23.26M | $31.38M | $13.86M | $11.52M | $18.94M | $8.38M | $9.95M | $10.45M | $9.88M | $9.92M | $10.29M | $6.42M | $5.29M | $0 | $0 |
| Total Current Liabilities | $3.24M | $1.62M | $1.19M | $1.67M | $588K | $4.84M | $354K | $49.62M | $50.95M | $31.51M | $23.89M | $35.32M | $19.04M | $18.49M | $15.42M | $17.42M | $17.47M | $14.66M | $12M | $33.5M | $0 | $0 |
| Long-Term Liabilities | ||||||||||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $3.38M | $193.42M | $197.31M | $23.91M | $21.94M | $23.07M | $0 | $0 | $0 | $0 | $0 | $0 | $1.66M | $2.91M | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $854K | $1.16M | $1.5M | $965K | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.23M | $1.26M | $767K | $866K | $705K | $3.19M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $33.27M | $26.6M | $4.65M | $1.15M | $1.45M | $910K | $656K | $0 | $0 | $0 | $33K | $116.25M | $611K | $0 | $0 |
| Total Long-Term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $3K | $226.69M | $223.9M | $28.56M | $24.33M | $25.78M | $1.68M | $1.52M | $1.56M | $4.35M | $1.5M | $998K | $117.91M | $3.52M | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $25.57M | $14.15M |
| Total Liabilities | $3.24M | $1.62M | $1.19M | $1.67M | $588K | $4.84M | $3.73M | $276.32M | $274.86M | $60.07M | $48.22M | $61.1M | $20.72M | $20.01M | $16.98M | $21.76M | $18.97M | $15.66M | $129.9M | $37.03M | $25.57M | $14.15M |
| Stockholders' Equity | ||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $4K | $3K | $3K | $1K | $1K | $0 | $1K | $33K | $32K | $28K | $27K | $27K | $26K | $25K | $25K | $24K | $24K | $24K | $1.4M | $1.19M | $0 | $0 |
| Retained Earnings | -$77.29M | -$56.27M | -$36.83M | -$22.19M | -$9.22M | -$4.8M | -$3.73M | -$115.86M | -$158.68M | -$142.72M | -$196.16M | -$203.59M | -$193.79M | -$186.47M | -$174.27M | -$112.85M | -$92.99M | -$72.52M | -$81.72M | -$75.96M | $0 | $0 |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$67.2M | -$71.9M | -$60.07M | -$54.58M | -$49.85M | -$43.45M | -$61.08M | -$54.35M | -$45.62M | -$44.25M | -$34.2M | -$27.92M | -$14.1M | $0 | $0 |
| Other Stockholders' Equity | $79.89M | $57.92M | $52.76M | $24.56M | $22.63M | $11K | $0 | $426.31M | $409.4M | $281.61M | $272.06M | $267.24M | $260.6M | $256.45M | $252.25M | $247.75M | $242.32M | $222.61M | $53.46M | $54.92M | -$2.76M | $8M |
| Total Equity | $2.6M | $1.65M | $15.94M | $2.37M | $13.41M | -$4.79M | -$3.73M | $310.49M | $250.76M | $138.91M | $75.93M | $63.68M | $66.83M | $70M | $78M | $134.93M | $149.35M | $150.12M | -$26.87M | -$19.86M | -$2.76M | $8M |
| Minority Interest | $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 | $5.84M | $3.28M | $17.13M | $4.04M | $14M | $51K | $7K | $586.8M | $525.62M | $198.98M | $124.14M | $124.78M | $87.55M | $90.01M | $94.97M | $156.69M | $168.32M | $165.77M | $103.04M | $17.17M | $22.8M | $22.15M |
| Supplementary Data | ||||||||||||||||||||||
| Total Debt | $0 | $0 | $0 | $0 | $0 | $4.29M | $3.42M | $198.55M | $199.36M | $25.16M | $23.19M | $24.01M | $656K | $0 | $0 | $0 | $0 | $121K | $2.79M | $29.49M | $0 | $0 |
| Net Debt | -$4.38M | -$2.38M | -$16.19M | -$3.59M | -$13.19M | $4.27M | $3K | $117.66M | $163.33M | $2.11M | $4.21M | $4M | -$21.5M | -$18.3M | -$18.53M | -$18.7M | -$49.15M | -$58.05M | -$15.3M | $25.58M | -$5.72M | -$10.11M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Operating Activities | ||||||||||||||||||||
| Net Income | -$21.02M | -$19.45M | -$14.64M | -$12.96M | -$4.43M | -$1.07M | -$536K | $42.82M | -$15.96M | $53.44M | $7.43M | -$9.79M | -$7.32M | -$12.2M | -$61.42M | -$19.86M | -$20.48M | $9.21M | -$358K | -$7.64M |
| Depreciation & Amortization | $40K | $7K | $15.31M | $13.03M | $0 | $788K | $294K | $40.17M | $28.56M | $14.27M | $12.49M | $12.55M | $12.32M | $9.38M | $12.13M | $12.07M | $10.94M | $8.69M | $4.55M | $2.66M |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$2.29M | $6.05M | -$38.14M | $245K | -$2.5M | $53K | -$1.03M | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $5.15M | $4.3M | $3.21M | $1.12M | $192K | $10K | $0 | $0 | $7.68M | $6.5M | $4.95M | $4.04M | $3.3M | $3.75M | $4.01M | $3.94M | $16.63M | $3.39M | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$40.92M | -$19.1M | -$25.55M | -$7.68M | -$12.79M | -$4.6M | -$3.63M | -$6.65M | -$3.06M | -$21.44M | -$29.73M | $0 | $0 |
| Inventory | -$103K | $0 | $0 | $0 | $0 | $0 | $0 | -$1.99M | $665K | -$753K | $188K | $299K | $340K | -$885K | -$548K | -$71.14M | -$65.89M | $492K | $0 | $0 |
| Accounts Payable | $0 | $428K | -$471K | $1.53M | $0 | $0 | $0 | $3.76M | -$9.62M | $3.15M | -$4.7M | $47K | $2.37M | $552K | -$3.03M | -$1.18M | $3.32M | -$134K | $0 | $0 |
| Other Working Capital | $1.72M | $243K | -$191K | $361K | -$1.14M | $182K | $76K | $97.04M | $39.15M | $28.05M | $21.2M | $1.38M | $2.17M | -$28.28M | $6.78M | $60.63M | $75.38M | $84M | $48.09M | -$2.89M |
| Total Working Capital Change | $1.61M | $671K | -$662K | $1.89M | -$1.14M | $182K | $76K | $57.88M | $11.1M | $4.9M | $9.01M | -$11.06M | $283K | -$32.24M | -$3.46M | -$14.75M | -$8.62M | $54.63M | $48.09M | -$2.89M |
| Other Non-Cash Items | $226K | $0 | -$15.31M | -$13.03M | $2.14M | -$512K | -$52K | -$75.09M | -$13.65M | -$2.11M | -$19.77M | $15.58M | $2.62M | $38.1M | $53.77M | $28.95M | $9.44M | -$65.61M | -$52.52M | $4.97M |
| Net Cash from Operating | -$13.99M | -$14.47M | -$12.09M | -$9.95M | -$3.23M | -$600K | -$218K | $72.75M | $23.78M | $38.85M | $14.35M | $8.81M | $11.26M | $5.74M | $5.03M | $10.36M | $7.9M | $10.31M | -$238K | -$2.91M |
| Investing Activities | ||||||||||||||||||||
| Capital Expenditures | -$600K | -$201K | -$256K | $0 | $0 | $0 | $0 | -$24.64M | -$13.7M | -$10.9M | -$13.6M | -$12.78M | -$8.17M | -$5.96M | -$3.95M | -$5.25M | -$19.94M | -$11.8M | -$13.05M | -$914K |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $3.76M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.32M | $0 | $0 | $0 | $0 | -$11.94M | -$49.66M | -$36.94M | $0 | $0 | $0 | $0 |
| Sales of Investments | -$3.76M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $39.64M | $47.9M | $9.75M | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$4.21M | -$162.17M | -$25.28M | $0 | -$14.1M | $0 | -$28.16M | $0 | -$9.85M | $0 | -$4.84M | -$45.91M | $0 |
| Net Cash from Investing | -$600K | -$201K | -$256K | $0 | $0 | $0 | $0 | -$28.85M | -$177.19M | -$36.18M | -$13.6M | -$26.88M | -$8.17M | -$6.42M | -$5.71M | -$42.29M | -$19.94M | -$16.64M | -$58.96M | -$914K |
| Financing Activities | ||||||||||||||||||||
| Debt Repaid | - | - | - | - | -$1.72M | -$639K | -$66K | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $16.59M | $730K | $24.99M | $348K | $14.71M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $10K | $36K | $46.48M | $102.18M | $168K |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$180 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $136K | $0 | $2K | $0 | $0 | $0 | $601K | $166.46M | $1.43M | -$1.77M | $15.93M | $763K | $440K | $509K | $1.48M | $3.02M | $46.41M | $73.38M | $4.98M |
| Net Cash from Financing | $16.59M | $866K | $24.99M | $350K | $16.4M | $619K | $206K | $601K | $166.46M | $1.43M | -$1.77M | $15.93M | $763K | $440K | $509K | $1.48M | $3.02M | $46.41M | $73.38M | $4.98M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $371K | -$81K | -$31K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $2M | -$13.81M | $12.64M | -$9.6M | $13.17M | $19K | -$12K | $44.87M | $12.97M | $4.07M | -$1.02M | -$2.14M | $3.85M | -$233K | -$174K | -$30.45M | -$9.02M | $40.08M | $14.18M | $1.15M |
| Supplementary Data | ||||||||||||||||||||
| Operating Cash Flow | -$13.99M | -$14.47M | -$12.09M | -$9.95M | -$3.23M | -$600K | -$218K | $72.75M | $23.78M | $38.85M | $14.35M | $8.81M | $11.26M | $5.74M | $5.03M | $10.36M | $7.9M | $10.31M | -$238K | -$2.91M |
| Capital Expenditure | -$600K | -$201K | -$256K | $0 | $0 | $0 | $0 | -$24.64M | -$13.7M | -$10.9M | -$13.6M | -$12.78M | -$8.17M | -$5.96M | -$3.95M | -$5.25M | -$19.94M | -$11.8M | -$13.05M | -$914K |
| Free Cash Flow | -$14.59M | -$14.67M | -$12.35M | -$9.95M | -$3.23M | -$600K | -$218K | $48.11M | $10.09M | $27.95M | $750K | -$3.97M | $3.09M | -$219K | $1.08M | $5.12M | -$12.03M | -$1.5M | -$13.29M | -$3.83M |
| Cash at Beginning | $2.43M | $16.24M | $3.59M | $13.19M | $24K | $5K | $17K | $36.02M | $23.05M | $18.99M | $20.01M | $22.15M | $18.3M | $18.53M | $18.7M | $49.15M | $58.17M | $18.09M | $3.91M | $2.76M |
| Cash at End | $4.44M | $2.43M | $16.24M | $3.59M | $13.19M | $24K | $5K | $80.89M | $36.02M | $23.05M | $18.99M | $20.01M | $22.15M | $18.3M | $18.53M | $18.7M | $49.15M | $58.17M | $18.09M | $3.91M |