BROADWIND, INC. (BWEN)
Broadwind, Inc., a company based in Cicero, Illinois, specializes in the production and sale of various structures, equipment, and components. Its primary focus is on serving the clean technology sector and other specialized industrial applications, mainly within the United States. The company's operations are divided into three core business units: 1. Heavy Fabrications: This segment manufactures large-scale fabricated parts for a diverse range of industrial customers, with a significant emphasis on producing steel towers and related adapter components for wind turbine manufacturers. 2. Gearing: This division designs and supplies a broad spectrum of gearing products, including gearboxes and complete systems. These are critical for heavy industries such as onshore and offshore oil and gas drilling and fracking, surface and subterranean mining, wind power generation, steel production, material handling, and other infrastructure developments. It also provides heat treatment services for both new equipment (OEMs) and existing machinery (aftermarket). 3. Industrial Solutions: This segment offers comprehensive supply chain management along with a variety of products and services. These include instrumentation and control systems, valve assemblies, sensor devices, fuel system components, electrical junction boxes and wiring harnesses, energy storage solutions, and electromechanical devices. The segment also provides light fabrication, inventory control, kitting, assembly services, specialized packaging, and the fabrication of panels and sub-assemblies, specifically catering to the combined cycle natural gas turbine market. Broadwind, Inc. markets its products and services to clients in the energy, mining, and infrastructure sectors, utilizing both its internal sales team and independent sales representatives. The company adopted its current name in May 2020, having previously operated as Broadwind Energy, Inc.
Sector: Nonferrous Foundries (Castings)
Industry: Industrial - Machinery
Broadwind, Inc.
NASDAQ:BWENIndustrials · Industrial - Machinery
-1.69%$2.90
AH Close$2.89-0.34%vs close
AH Close$2.89-0.34%vs close
Mkt Cap$68.61M
Float20.49M
O/S23.66M
Inst Own34.1%
SI3.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$158.05M
Net Income$5.24M
Total Assets$116.81M
Free Cash Flow-$19.02M
Debt & Equity
Debt 30%
Equity 70%
Total Debt$28.28M
Total Equity$66.29M
Shares Outstanding
Short Interest
Split History2 splits · 1 reverse
- 1:10Reverse splitAug 23, 201210 shares → 1
- 15:1Forward splitSep 8, 20051 share → 15
Balance Sheet Details
Assets$116.81M
Liabilities$50.52M
Accounts Receivable$19.3M
Accounts Payable$17.36M
Inventory$42.01M
PP&E (Net)$51.36M
Goodwill$0
Intangible Assets$741K
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Revenue | $158.05M | $143.14M | $203.48M | $176.76M | $145.62M | $198.5M | $178.22M | $125.38M | $146.78M | $180.84M | $199.16M | $241.27M | $215.71M | $210.71M | $185.85M | $136.9M | $197.83M | $217.32M | $29.8M | $4.02M | $1.97M | $0 | $0 | $0 | $0 | $0 |
| YoY Growth | 10.4% | -29.7% | 15.1% | 21.4% | -26.6% | 11.4% | 42.1% | -14.6% | -18.8% | -9.2% | -17.5% | 11.8% | 2.4% | 13.4% | 35.8% | -30.8% | -9.0% | 629.2% | 640.9% | 104.5% | - | - | - | - | - | - |
| Cost of Revenue | $142.58M | $121.95M | $170.97M | $166.05M | $140.11M | $180.5M | $162.81M | $122.31M | $138.63M | $162.7M | $191.29M | $223.78M | $203.37M | $203.87M | $178.67M | $134.95M | $186.03M | $183.95M | $25.86M | $4.52M | $4.01M | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $15.47M | $21.19M | $32.51M | $10.71M | $5.51M | $18M | $15.41M | $3.06M | $8.16M | $18.14M | $7.87M | $17.49M | $12.35M | $6.84M | $7.19M | $1.95M | $11.8M | $33.37M | $3.94M | -$494K | -$2.04M | $0 | $0 | $0 | $0 | $0 |
| Gross Margin | 9.8% | 14.8% | 16.0% | 6.1% | 3.8% | 9.1% | 8.6% | 2.4% | 5.6% | 10.0% | 4.0% | 7.2% | 5.7% | 3.2% | 3.9% | 1.4% | 6.0% | 15.4% | 13.2% | -12.3% | -103.8% | - | - | - | - | - |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $43K | $63K | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $15.02M | $16.3M | $20.7M | $16.59M | $17.37M | $0 | $16.09M | $13.63M | $13.83M | $15.79M | $18.27M | $21.18M | $21.41M | $21.63M | $26.32M | $27.4M | $34.83M | $41.55M | $5.72M | $1.53M | $782K | $7K | $615 | $2K | $6K | $25K |
| Other | $0 | $661K | $664K | $725K | $733K | $17.58M | $1.68M | $2.35M | $3K | $49K | $425K | $226K | $1M | $1.27M | $859K | $2.99M | $10.4M | $13.57M | $1.75M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $15.02M | $16.96M | $21.37M | $17.32M | $18.11M | $17.58M | $17.77M | $15.51M | $15.59M | $16.23M | $18.71M | $21.63M | $22.97M | $23.39M | $27.18M | $30.4M | $45.23M | $55.11M | $7.47M | $1.58M | $845K | $7K | $615 | $2K | $6K | $25K |
| Operating Income (EBIT) | $451K | $4.22M | $11.14M | -$6.61M | -$12.59M | $422K | -$2.36M | -$25.07M | -$7.43M | $1.91M | -$11.91M | -$5.93M | -$13.21M | -$17.3M | -$20.43M | -$69.23M | -$115.64M | -$21.74M | -$3.54M | -$2.32M | -$2.89M | -$7K | -$615 | -$2K | -$6K | -$25K |
| Operating Margin | 0.3% | 3.0% | 5.5% | -3.7% | -8.6% | 0.2% | -1.3% | -20.0% | -5.1% | 1.1% | -6.0% | -2.5% | -6.1% | -8.2% | -11.0% | -50.6% | -58.5% | -10.0% | -11.9% | -57.7% | -146.8% | - | - | - | - | - |
| Interest Expense | $3.39M | $3.08M | $3.2M | $3.22M | $1.13M | $1.98M | $2.31M | $1.5M | $798K | $625K | $799K | $656K | $985K | $1.71M | $1.12M | $1.17M | $2.52M | $2.86M | $1.24M | $411K | $222K | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $351K | $584K | $400K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $4.88M | -$3M | -$3.25M | -$3.09M | $15.47M | -$1.86M | -$2.19M | $859K | -$795K | -$576K | -$374K | -$4.92M | $2.89M | -$2.94M | -$245K | -$160K | $3.93M | -$2.48M | -$866K | -$503K | -$235K | -$745K | $0 | $0 | $0 | $0 |
| Income Before Tax (EBT) | $5.33M | $1.23M | $7.89M | -$9.7M | $2.87M | -$1.44M | -$4.55M | -$24.21M | -$8.23M | $1.33M | -$12.28M | -$6.4M | -$10.32M | -$17.88M | -$20.67M | -$69.91M | -$111.71M | -$24.22M | -$4.4M | -$2.57M | -$2.9M | $0 | $0 | $0 | $0 | $0 |
| Income Tax Expense | $87K | $74K | $241K | $35K | $25K | $48K | $38K | -$205K | -$5.04M | -$2K | -$36K | -$232K | $72K | $26K | $68K | -$160K | -$1.59M | $1.06M | -$1.04M | $664K | $235K | $7K | $615 | $2K | $6K | $25K |
| Net Income | $5.24M | $1.15M | $7.65M | -$9.73M | $2.85M | -$1.49M | -$4.52M | -$24.15M | -$3.64M | $319K | -$21.81M | -$6.17M | -$10.5M | -$17.91M | -$21.95M | -$85.17M | -$110.12M | -$25.29M | -$3.36M | -$2.73M | -$3.12M | -$7K | -$615 | -$2K | -$6K | -$25K |
| Net Income Margin | 3.3% | 0.8% | 3.8% | -5.5% | 2.0% | -0.7% | -2.5% | -19.3% | -2.5% | 0.2% | -10.9% | -2.6% | -4.9% | -8.5% | -11.8% | -62.2% | -55.7% | -11.6% | -11.3% | -68.0% | -158.8% | - | - | - | - | - |
| Supplementary Data | ||||||||||||||||||||||||||
| EPS | 0.23 | 0.05 | 0.36 | -0.48 | 0.15 | -0.09 | -0.28 | -1.56 | -0.24 | 0.02 | -1.49 | -0.42 | -0.73 | -1.27 | -1.89 | -8.01 | -11.40 | -2.81 | -0.65 | -0.81 | -1.37 | -0.00 | -0.00 | -0.00 | -0.00 | -0.01 |
| Diluted EPS | 0.23 | 0.05 | 0.36 | -0.48 | 0.15 | -0.09 | -0.28 | -1.56 | -0.24 | 0.02 | -1.49 | -0.42 | -0.73 | -1.27 | -1.89 | -8.01 | -11.40 | -2.81 | -0.65 | -0.81 | -1.07 | -0.00 | -0.00 | -0.00 | -0.00 | -0.01 |
| Weighted Average OS | 22.87M | 21.90M | 21.19M | 20.30M | 18.73M | 16.75M | 16.13M | 15.47M | 15.05M | 14.84M | 14.68M | 14.71M | 14.43M | 14.06M | 11.62M | 10.63M | 9.66M | 8.99M | 5.15M | 3.38M | 2.27M | 2.71M | 3.15M | 3.15M | 3.15M | 3.15M |
| EBITDA | $15.03M | $10.99M | $17.47M | -$417K | $10.34M | $6.7M | $5.26M | -$13.52M | $1.57M | $8.82M | -$2.29M | $6.51M | $5.52M | $367K | -$5.02M | -$52.28M | -$7.35M | $503K | $361K | -$1.74M | -$2.64M | -$701K | -$615 | -$2K | -$6K | -$25K |
| EBITDA Margin | 9.5% | 7.7% | 8.6% | -0.2% | 7.1% | 3.4% | 3.0% | -10.8% | 1.1% | 4.9% | -1.2% | 2.7% | 2.6% | 0.2% | -2.7% | -38.2% | -3.7% | 0.2% | 1.2% | -43.3% | -134.4% | - | - | - | - | - |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Assets | ||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||
| Cash and Cash Equivalents | $456K | $7.72M | $1.1M | $12.73M | $852K | $3.37M | $2.42M | $1.18M | $78K | $18.7M | $6.44M | $12.15M | $24.94M | $516K | $13.34M | $15.33M | $4.83M | $15.25M | $5.78M | $125K | $166K | $0 | $0 | $0 | $0 | $0 |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.17M | $6.18M | $8.02M | $1.14M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $456K | $7.72M | $1.1M | $12.73M | $852K | $3.37M | $2.42M | $1.18M | $78K | $21.87M | $12.62M | $20.17M | $26.08M | $516K | $13.34M | $15.33M | $4.83M | $15.25M | $5.78M | $125K | $166K | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $19.3M | $16.82M | $27.74M | $18.97M | $15.44M | $17.59M | $18.31M | $17.45M | $13.64M | $11.87M | $9.78M | $20.01M | $18.73M | $20.04M | $25.31M | $21.43M | $21.92M | $36.71M | $13.54M | $160K | $180K | $0 | $0 | $0 | $0 | $0 |
| Inventory | $42.01M | $39.95M | $37.41M | $44.26M | $33.38M | $26.72M | $31.86M | $22.67M | $19.28M | $21.16M | $24.22M | $34.92M | $37.14M | $21.99M | $23.36M | $17.74M | $9.04M | $41.9M | $12.98M | $288K | $283K | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $2.5M | $2.37M | $3.5M | $3.29M | $0 | $0 | $0 | $1.78M | $580K | $847K | $4.49M | $1.81M | $2.05M | $8.37M | $8.93M | $7.02M | $2.01M | $500K | $2.1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $64.27M | $66.87M | $69.75M | $79.26M | $52.33M | $50.59M | $54.71M | $43.08M | $35.38M | $58.19M | $52.63M | $77.74M | $86.33M | $54.75M | $74.97M | $64.99M | $43.49M | $98.22M | $34.75M | $588K | $638K | $0 | $0 | $0 | $0 | $0 |
| Long-Term Assets | ||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $51.36M | $59.41M | $62.72M | $61.72M | $61.68M | $64.52M | $62.92M | $49.09M | $55.69M | $54.61M | $51.91M | $62.95M | $69.08M | $79.89M | $87.77M | $106.32M | $136.25M | $144.71M | $58.89M | $2.8M | $2.68M | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4.99M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $9.71M | $30.95M | $27.61M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $741K | $1.4M | $2.06M | $2.73M | $3.45M | $4.19M | $4.92M | $6.6M | $16.08M | $4.57M | $5.02M | $5.46M | $5.9M | $7.45M | $9.21M | $10.07M | $37.25M | $105.59M | $84.02M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$403K | -$1.5M | -$139K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $403K | $1.5M | $139K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $441K | $606K | $630K | $839K | $585K | $385K | $314K | $398K | $207K | $294K | $351K | $464K | $2.38M | $816K | $944K | $2.13M | $3.34M | $275K | $543K | $508K | $16K | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Assets | $52.54M | $61.42M | $65.41M | $65.28M | $65.72M | $69.09M | $68.15M | $56.09M | $76.97M | $59.47M | $57.27M | $68.88M | $77.36M | $88.16M | $97.92M | $118.52M | $186.55M | $281.53M | $171.07M | $3.31M | $2.69M | $0 | $0 | $0 | $0 | $0 |
| 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 |
| Total Assets | $116.81M | $128.29M | $135.16M | $144.54M | $118.05M | $119.68M | $122.87M | $99.17M | $112.35M | $117.66M | $109.91M | $146.62M | $163.69M | $142.91M | $172.89M | $183.51M | $230.04M | $379.75M | $205.82M | $3.89M | $3.33M | $0 | $0 | $0 | $0 | $0 |
| Liabilities | ||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||
| Accounts Payable | $17.36M | $16.08M | $20.73M | $26.25M | $16.46M | $18.18M | $21.88M | $11.62M | $11.76M | $15.85M | $13.82M | $17.55M | $27.54M | $16.38M | $17.36M | $22.34M | $14.71M | $40.23M | $10.14M | $1.62M | $1.17M | $0 | $700 | $85 | $1K | $0 |
| Short-Term Debt | $5.04M | $5.83M | $5.9M | $1.17M | $6.65M | $1.41M | $12.92M | $12.9M | $15.01M | $0 | $3.25M | $1.03M | $201K | $1.31M | $2.2M | $2.54M | $20.87M | $14.03M | $38.43M | $5.06M | $3.89M | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $143K | $564K | $43K | $1K | $78K | $61K | $66K | $221K | $226K | $283K | $284K | $636K | $810K | $636K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $2.69M | $18.04M | $16.5M | $34.55M | $12.08M | $18.82M | $22.72M | $23.51M | $9.79M | $18.01M | $9.94M | $22.62M | $22.99M | $4.06M | $17.33M | $6.51M | $6.96M | $10.39M | $97K | $1.53M | $585K | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $44K | -$3.89M | $12K | $1.16M | $661K | $909K | $980K | $674K | $1.86M | $4.28M | $5.63M | $6.61M | $749K | $3.86M | $4.83M | $9.29M | $13.74M | $26.88M | $1.33M | $1.08M | $209K | $40K | $32K | $32K | $29K | $25K |
| Total Current Liabilities | $31.68M | $43.56M | $53.61M | $70.18M | $42.68M | $47.97M | $64.29M | $51.85M | $40.98M | $43.25M | $36.76M | $51.67M | $60.53M | $33.84M | $48.44M | $44.5M | $52.74M | $85.74M | $62.45M | $8.4M | $5.86M | $40K | $33K | $32K | $30K | $25K |
| Long-Term Liabilities | ||||||||||||||||||||||||||
| Long-Term Debt | $5.09M | $7.74M | $6.25M | $7.14M | $177K | $9.38M | $505K | $1.41M | $797K | $2.6M | $2.6M | $2.65M | $2.75M | $2.96M | $4.8M | $9.67M | $15.78M | $25.79M | $18.01M | $807K | $897K | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $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 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $403K | $1.5M | $139K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $4K | $15K | $15K | $26K | $167K | $104K | $44K | $1.97M | $3.56M | $2.19M | $3.06M | $3.49M | $3.89M | $2.17M | $825K | $1.33M | $2.23M | $1.04M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $18.83M | $25.33M | $25.52M | $28.09M | $21.23M | $31.05M | $17.81M | $3.95M | $5.29M | $5.83M | $5.66M | $6.57M | $7.84M | $5.77M | $6.6M | $12.81M | $21.7M | $31.85M | $18.83M | $807K | $897K | $0 | $0 | $0 | $0 | $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 | $0 | $0 | $0 | $0 |
| Total Liabilities | $50.52M | $68.89M | $79.14M | $98.27M | $63.91M | $79.02M | $82.11M | $55.8M | $46.28M | $49.08M | $42.41M | $58.24M | $68.36M | $39.6M | $55.03M | $57.31M | $74.44M | $117.59M | $81.28M | $9.21M | $6.75M | $40K | $33K | $32K | $30K | $25K |
| Stockholders' Equity | ||||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $24K | $23K | $22K | $21K | $20K | $17K | $17K | $16K | $15K | $15K | $15K | $15K | $15K | $14K | $140K | $107K | $97K | $96K | $76K | $35K | $0 | $32K | $2K | $2K | $2K | $2K |
| Retained Earnings | -$335.1M | -$340.35M | -$341.5M | -$349.15M | -$339.42M | -$342.26M | -$340.78M | -$336.25M | -$312.11M | -$308.47M | -$308.79M | -$286.98M | -$280.81M | -$270.31M | -$252.4M | -$230.46M | -$145.28M | -$35.16M | -$9.88M | -$6.61M | -$3.88M | -$42K | -$35K | -$34K | -$32K | -$27K |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $401.37M | $399.72M | $397.49M | $395.4M | $393.53M | $382.91M | $381.52M | $379.6M | $378.16M | $377.03M | $376.26M | $375.34M | $376.13M | $373.61M | $370.12M | $356.55M | $300.78M | $297.22M | $134.34M | $1.26M | $450K | -$29K | $0 | $0 | $0 | $0 |
| Total Equity | $66.29M | $59.4M | $56.02M | $46.27M | $54.13M | $40.66M | $40.76M | $43.36M | $66.07M | $68.58M | $67.49M | $88.38M | $95.33M | $103.31M | $117.86M | $126.2M | $155.59M | $262.16M | $124.54M | -$5.31M | -$3.42M | -$40K | -$33K | -$32K | -$30K | -$25K |
| 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 |
| Total Liabilities and Equity | $116.81M | $128.29M | $135.16M | $144.54M | $118.05M | $119.68M | $122.87M | $99.17M | $112.35M | $117.66M | $109.91M | $146.62M | $163.69M | $142.91M | $172.89M | $183.51M | $230.04M | $379.75M | $205.82M | $3.89M | $3.33M | $0 | $0 | $0 | $0 | $0 |
| Supplementary Data | ||||||||||||||||||||||||||
| Total Debt | $28.28M | $35.53M | $35.42M | $33.12M | $31.55M | $35.61M | $32.56M | $14.88M | $17.51M | $4.1M | $5.85M | $4.11M | $5.08M | $7.12M | $8.94M | $14.98M | $39.93M | $43.92M | $56.74M | $5.87M | $4.79M | $0 | $0 | $0 | $0 | $0 |
| Net Debt | $27.82M | $27.81M | $34.32M | $20.39M | $30.7M | $32.24M | $30.14M | $13.7M | $17.44M | -$14.6M | -$590K | -$8.04M | -$19.85M | $6.61M | -$4.4M | -$349K | $35.1M | $28.67M | $50.96M | $5.74M | $4.63M | $0 | $0 | $0 | $0 | $0 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Operating Activities | ||||||||||||||||||||||||||
| Net Income | $5.24M | $1.15M | $7.65M | -$9.73M | $2.85M | -$1.49M | -$4.59M | -$24M | -$3.18M | $1.33M | -$12.25M | -$6.17M | -$10.39M | -$17.91M | -$20.74M | -$69.75M | -$110.12M | -$25.29M | -$3.36M | -$2.73M | -$3.12M | -$7K | -$615 | -$2K | -$6K | -$25K |
| Depreciation & Amortization | $6.31M | $6.68M | $6.38M | $6.06M | $6.34M | $6.28M | $7.5M | $9.18M | $9M | $6.91M | $9.18M | $12.18M | $14.86M | $16.54M | $14.53M | $16.46M | $25.73M | $21.87M | $3.54M | $327K | $245K | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | -$10K | $0 | -$10K | -$13K | -$2K | -$4K | -$30K | -$307K | -$5.04M | -$909K | -$982K | -$168K | -$1.57M | $26K | $68K | $1.34M | -$1.09M | $506K | $139K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $1.9M | $2.36M | $2.21M | $2.19M | $2.73M | $1.29M | $1.96M | $803K | $1.13M | $753K | $919K | $1.05M | $1.82M | $3.36M | $1.91M | $1.75M | $1.87M | $1.78M | $142K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||||
| Accounts Receivable | -$2.58M | $10.92M | -$8.85M | -$3.51M | $2.58M | $374K | -$792K | -$3.78M | $884K | -$2.14M | $7.22M | -$1.27M | $1.81M | $5.11M | -$4.89M | $1.2M | $14.65M | -$16.36M | -$4.79M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | -$2.48M | -$2.54M | $6.86M | -$10.88M | -$6.65M | $5.14M | -$9.19M | -$2.94M | $7.06M | $3.06M | $6.92M | $2.22M | -$15.15M | $1.37M | -$5.62M | -$8.91M | $32.86M | -$28.42M | $715K | -$5K | $49K | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $1.36M | -$4.39M | -$6.01M | $9.93M | -$1.74M | -$3.32M | $9.77M | $801K | -$5.29M | $989K | -$3.63M | -$8.58M | $11.67M | -$1.17M | -$5.01M | $7.57M | -$25.01M | $21.59M | $2.99M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$17.03M | -$257K | -$15.3M | $22.66M | -$9.35M | -$3.46M | -$34K | $12.56M | -$12.62M | $6.55M | -$14.01M | $3.06M | $22.54M | -$10.89M | $7.88M | $95K | -$19.07M | $20.94M | $491K | $856K | $1.09M | -$700 | $615 | -$1K | $1K | $0 |
| Total Working Capital Change | -$20.73M | $3.73M | -$23.3M | $18.19M | -$15.15M | -$1.27M | -$250K | $6.64M | -$9.96M | $8.45M | -$3.48M | -$4.56M | $20.86M | -$5.58M | -$7.63M | -$52K | $3.42M | -$2.24M | -$591K | $851K | $1.14M | -$700 | $615 | -$1K | $1K | -$25K |
| Other Non-Cash Items | -$8.1M | -$119K | $124K | -$54K | -$9.59M | $513K | -$66K | $9.73M | -$1.29M | $753K | $1.1M | $163K | $681K | $685K | $709K | $36.79M | $82.18M | $1.01M | $2K | $846K | $208K | $0 | $0 | $3K | $4K | $49K |
| Net Cash from Operating | -$15.38M | $13.81M | -$6.95M | $16.64M | -$12.83M | $5.33M | $4.52M | $2.04M | -$9.35M | $17.3M | -$5.51M | $2.5M | $26.25M | -$2.88M | -$11.15M | -$13.47M | $1.99M | -$2.36M | -$132K | -$710K | -$1.53M | -$8K | $0 | $0 | $0 | -$25K |
| Investing Activities | ||||||||||||||||||||||||||
| Capital Expenditures | -$3.63M | -$3.62M | -$6.41M | -$3.1M | -$1.71M | -$1.55M | -$1.84M | -$2.32M | -$6.69M | -$6.62M | -$2.79M | -$6.5M | -$6.95M | -$5.74M | -$4.71M | -$6.89M | -$11.84M | -$83.72M | -$5.85M | -$408K | -$1.1M | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $1K | $676K | -$16.45M | -$615K | -$2.86M | $0 | $250K | $375K | $952K | $0 | $0 | -$23.02M | -$76.47M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$19.22M | -$8.06M | -$15.09M | -$1.98M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.17M | $22.23M | $9.91M | $8.21M | $840K | $0 | $0 | $1.84M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $12.52M | $159K | $21K | $0 | $33K | $0 | $0 | $676K | $72K | $1.07M | $4.02M | $1.06M | $13.5M | $659K | $1.17M | -$75K | -$684K | $40K | -$5.85M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $8.89M | -$3.46M | -$6.38M | -$3.1M | -$1.67M | -$1.55M | -$1.84M | -$1.65M | -$19.89M | -$3.16M | $212K | -$12.32M | $5.65M | -$4.7M | -$2.59M | -$5.13M | -$12.52M | -$106.7M | -$82.33M | -$408K | -$1.1M | $0 | $0 | $0 | $0 | $0 |
| Financing Activities | ||||||||||||||||||||||||||
| Debt Repaid | $4.42M | -$1.06M | $2.23M | -$5M | $1.02M | -$7.35M | $1.96M | -$485K | $187K | $3.34M | -$2.05M | $934K | $7.51M | $4.6M | $977K | $863K | $864K | $6.5M | -$1.08M | $91K | -$995K | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $230K | $9.31M | $232K | $0 | $0 | $0 | $19K | $0 | $9K | $18K | $0 | $11.7M | $53.35M | $675K | $117.6M | $65.4M | $0 | -$8K | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | -$256K | $0 | $0 | $0 | -$1.42M | -$139K | $0 | -$52K | $0 | $0 | $0 | -$1.84M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $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 Financing Activities | $3.9M | -$150K | -$783K | -$549K | $0 | $0 | $0 | $0 | $0 | $19K | $0 | -$201K | $0 | $0 | $0 | -$3M | $1.68M | $214K | $153K | $0 | -$8K | $8K | $0 | $0 | $0 | $0 |
| Net Cash from Financing | -$772K | -$3.73M | $1.7M | -$1.67M | $11.98M | -$2.83M | -$1.44M | $807K | $10.66M | -$3.32M | $2.05M | -$2.97M | -$7.49M | -$5.24M | $11.22M | $29.63M | $109K | $118.53M | $88.12M | $1.08M | $2.8M | $8K | $0 | $0 | $0 | $0 |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $5K | -$105K | -$76K | $1.4M | -$2.37M | $0 | $0 | $0 | $530K | -$403K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$7.26M | $6.62M | -$11.63M | $11.88M | -$2.52M | $956K | $1.24M | $1.1M | -$18.66M | $12.22M | -$5.62M | -$12.79M | $24.42M | -$12.82M | -$1.99M | $10.63M | -$10.42M | $9.47M | $5.66M | -$41K | $166K | $0 | $0 | $0 | $0 | -$25K |
| Supplementary Data | ||||||||||||||||||||||||||
| Operating Cash Flow | -$15.38M | $13.81M | -$6.95M | $16.64M | -$12.83M | $5.33M | $4.52M | $2.04M | -$9.35M | $17.3M | -$5.51M | $2.5M | $26.25M | -$2.88M | -$11.15M | -$13.47M | $1.99M | -$2.36M | -$132K | -$710K | -$1.53M | -$8K | $0 | $0 | $0 | -$25K |
| Capital Expenditure | -$3.63M | -$3.62M | -$6.41M | -$3.1M | -$1.71M | -$1.55M | -$1.84M | -$2.32M | -$6.69M | -$6.62M | -$2.79M | -$6.5M | -$6.95M | -$5.74M | -$4.71M | -$6.89M | -$11.84M | -$83.72M | -$5.85M | -$408K | -$1.1M | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | -$19.02M | $10.19M | -$13.35M | $13.54M | -$14.53M | $3.78M | $2.68M | -$279K | -$16.04M | $10.68M | -$8.3M | -$4M | $19.3M | -$8.62M | -$15.86M | -$20.37M | -$9.85M | -$86.08M | -$5.99M | -$1.12M | -$2.63M | -$8K | $0 | $0 | $0 | -$25K |
| Cash at Beginning | $7.72M | $1.1M | $12.73M | $852K | $3.37M | $2.42M | $1.18M | $78K | $18.74M | $6.52M | $12.06M | $24.94M | $516K | $13.34M | $15.33M | $4.7M | $15.25M | $5.78M | $125K | $166K | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash at End | $456K | $7.72M | $1.1M | $12.73M | $852K | $3.37M | $2.42M | $1.18M | $78K | $18.74M | $6.44M | $12.15M | $24.94M | $516K | $13.34M | $15.33M | $4.83M | $15.25M | $5.78M | $125K | $166K | $0 | $0 | $0 | $0 | -$25K |