Byrna Technologies Inc. (BYRN)
Byrna Technologies Inc. (BYRN) specializes in less-lethal defense technology, focusing on the creation and manufacturing of non-lethal munitions and associated security equipment. The company's primary offerings include a line of Byrna-branded handheld personal protection instruments, such as the Byrna SD and Byrna SD .68 caliber models, which are specifically designed for both civilians and private security professionals. Complementing these devices, Byrna also provides related products like Byrna HD magazines, shoulder-fired launchers, and various projectiles. Its comprehensive catalog further extends to a range of accessories and safety gear, notably the Byrna Banshee, Byrna Shield, compressed carbon dioxide cartridges, aiming systems, holsters, and branded apparel. Incorporated in 2005 and headquartered in Andover, Massachusetts, the firm conducts its business in the United States and South Africa. It previously operated as Security Devices International, Inc., changing its name to Byrna Technologies Inc. in March 2020.
Sector: Miscellaneous Electrical Machinery, Equipment & Supplies
Industry: Aerospace & Defense
Byrna Technologies Inc.
NASDAQ:BYRNIndustrials · Aerospace & Defense
+2.41%$3.83
CLOSED · Nov 6Prev close$3.74+2.41%Close$3.830.00%AH close$3.83
AH$3.83+0.00%vs close
Mkt Cap$89.64M
Float17.39M
O/S23.4M
VOL212K sh
$ Vol$797K
RVOL0.42×
Inst Own46.3%
SI11.6%
Dilution
Financials Summary
Revenue$118.12M
Net Income$9.69M
Total Assets$84.49M
Free Cash Flow-$9.2M
Debt & Equity
Debt 6%
Equity 94%
Total Debt$3.96M
Total Equity$65.76M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:10Reverse splitApr 27, 202110 shares → 1
Balance Sheet Details
Assets$84.49M
Liabilities$18.73M
Accounts Receivable$10.84M
Accounts Payable$15.86M
Inventory$32.69M
PP&E (Net)$9.77M
Goodwill$2.26M
Intangible Assets$3.09M
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 | 2018-11-30 | 2017-11-30 | 2016-11-30 | 2015-11-30 | 2014-11-30 | 2013-11-30 | 2012-11-30 | 2011-11-30 | 2010-11-30 | 2009-11-30 | 2008-11-30 | 2007-11-30 | 2006-11-30 | 2005-11-30 |
| Revenue | $118.12M | $85.76M | $42.64M | $48.04M | $42.16M | $16.57M | $924K | $250K | $293K | $154K | $151K | $42K | $30K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY Growth | 37.7% | 101.1% | -11.2% | 13.9% | 154.5% | 1692.1% | 269.4% | -14.5% | 89.9% | 2.0% | 255.5% | 41.1% | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | $46.65M | $32.98M | $19M | $21.76M | $19.27M | $9.06M | $775K | $186K | $191K | $95K | $116K | $27K | $17K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $71.47M | $52.77M | $23.65M | $26.28M | $22.89M | $7.51M | $149K | $64K | $101K | $59K | $35K | $15K | $13K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Margin | 60.5% | 61.5% | 55.5% | 54.7% | 54.3% | 45.3% | 16.1% | 25.6% | 34.6% | 38.3% | 23.2% | 35.7% | 42.3% | - | - | - | - | - | - | - | - |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $215K | $196K | $947K | $2.03M | $2.63M | $1.34M | $458K | $80K |
| Selling, General, and Administrative | $0 | $0 | $0 | $0 | $0 | $0 | $3.4M | $2.13M | $1.92M | $1.72M | $2.31M | $2.62M | $1.7M | $2.06M | $625K | $1.37M | $942K | $1.83M | $3.67M | $1.2M | $109K |
| Other | $59.63M | $46.1M | $31.44M | $34.01M | $26.18M | $11.82M | $37K | $23K | $45K | $47K | $47K | $46K | $38K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $59.63M | $46.1M | $31.44M | $34.01M | $26.18M | $11.82M | $3.44M | $2.15M | $1.97M | $1.77M | $2.35M | $2.67M | $1.74M | $1.86M | $831K | $2.32M | $2.98M | $4.48M | $5.02M | $1.66M | $189K |
| Operating Income (EBIT) | $11.84M | $6.67M | -$7.79M | -$7.73M | -$3.29M | -$4.31M | -$3.29M | -$2.04M | -$1.92M | -$1.69M | -$2.14M | -$2.65M | -$1.72M | -$1.86M | -$831K | -$2.32M | -$2.98M | -$4.48M | -$5.02M | -$1.66M | -$189K |
| Operating Margin | 10.0% | 7.8% | -18.3% | -16.1% | -7.8% | -26.0% | -355.7% | -814.7% | -656.0% | -1098.6% | -1416.8% | -6249.8% | -5728.1% | - | - | - | - | - | - | - | - |
| Interest Expense | $0 | $0 | $0 | $0 | $34K | $988K | $1.54M | $303K | $641K | $232K | $231K | $74K | $652K | $158K | $70K | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $410K | $1.02M | $693K | $201K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $6K | $2K | $0 | $0 | $0 | $8K | $74K | $191K | $0 | $0 |
| Other Income (Expense) | -$97K | $413K | -$237K | $80K | -$152K | -$7.95M | -$1.12M | -$115K | -$881K | -$232K | -$231K | -$67K | -$300K | -$157K | -$70K | $0 | $8K | $74K | $191K | $0 | $0 |
| Income Before Tax (EBT) | $11.74M | $7.08M | -$8.03M | -$7.65M | -$3.44M | -$12.26M | -$4.41M | -$2.15M | -$2.8M | -$1.92M | -$2.37M | -$2.72M | -$2.02M | -$2.02M | -$902K | -$2.32M | -$2.97M | -$4.4M | -$4.83M | -$1.66M | -$189K |
| Income Tax Expense | $2.05M | -$5.71M | $165K | $234K | -$160K | $293K | $0 | -$235K | $0 | $0 | $231K | $0 | $0 | $158K | $0 | $0 | -$8K | $0 | $0 | $0 | $0 |
| Net Income | $9.69M | $12.79M | -$8.19M | -$7.88M | -$3.28M | -$12.55M | -$4.41M | -$2.15M | -$2.8M | -$1.92M | -$2.55M | -$2.72M | -$2.02M | -$2.02M | -$902K | -$2.32M | -$2.97M | -$4.4M | -$4.83M | -$1.66M | -$189K |
| Net Income Margin | 8.2% | 14.9% | -19.2% | -16.4% | -7.8% | -75.8% | -477.0% | -860.6% | -957.3% | -1249.3% | -1689.0% | -6408.7% | -6725.8% | - | - | - | - | - | - | - | - |
| Supplementary Data | |||||||||||||||||||||
| EPS | 0.43 | 0.57 | -0.37 | -0.35 | -0.22 | -0.99 | -0.57 | -0.23 | -0.49 | -0.35 | -0.51 | -0.58 | -0.55 | -0.72 | -0.35 | -1.25 | -2.03 | -3.07 | -3.54 | -1.93 | -0.28 |
| Diluted EPS | 0.40 | 0.55 | -0.37 | -0.35 | -0.22 | -0.99 | -0.57 | -0.23 | -0.49 | -0.35 | -0.51 | -0.58 | -0.55 | -0.72 | -0.35 | -1.25 | -2.03 | -3.07 | -3.54 | -1.93 | -0.28 |
| Weighted Average OS | 22.67M | 22.50M | 21.92M | 22.36M | 19.61M | 12.68M | 10.35M | 9.44M | 5.77M | 5.47M | 5.04M | 4.69M | 3.66M | 2.80M | 2.61M | 1.86M | 1.47M | 1.43M | 1.36M | 862,325 | 680,840 |
| EBITDA | $13.87M | $8.57M | -$6.76M | -$6.8M | -$2.92M | -$11.03M | -$2.82M | -$1.83M | -$2.11M | -$1.65M | -$2.09M | -$2.6M | -$1.33M | -$1.84M | -$820K | -$2.31M | -$2.97M | -$4.47M | -$5.02M | -$1.66M | -$189K |
| EBITDA Margin | 11.7% | 10.0% | -15.9% | -14.1% | -6.9% | -66.6% | -305.1% | -730.2% | -722.5% | -1068.4% | -1385.6% | -6128.3% | -4434.4% | - | - | - | - | - | - | - | - |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 | 2018-11-30 | 2017-11-30 | 2016-11-30 | 2015-11-30 | 2014-11-30 | 2013-11-30 | 2012-11-30 | 2011-11-30 | 2010-11-30 | 2009-11-30 | 2008-11-30 | 2007-11-30 | 2006-11-30 | 2005-11-30 |
| Assets | |||||||||||||||||||||
| Current Assets | |||||||||||||||||||||
| Cash and Cash Equivalents | $13.73M | $16.83M | $20.5M | $20.07M | $56.31M | $3.18M | $1.08M | $1.18M | $1.97M | $193K | $1.85M | $1.09M | $1.84M | $232K | $115K | $247K | $55K | $2.17M | $5.29M | $1.46M | $126 |
| Short-Term Investments | $1.75M | $8.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $15.48M | $25.73M | $20.5M | $20.07M | $56.31M | $3.17M | $1.08M | $1.18M | $1.97M | $193K | $1.85M | $1.09M | $1.84M | $232K | $115K | $247K | $55K | $2.17M | $5.29M | $1.46M | $126 |
| Accounts Receivable | $10.84M | $2.63M | $2.94M | $5.92M | $1.66M | $834K | $438K | $19K | $36K | $83K | $67K | $37K | $66K | $7K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $32.69M | $19.97M | $13.89M | $15.46M | $6.61M | $4.82M | $960K | $129K | $157K | $7K | $44K | $120K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $4.68M | $2.62M | $868K | $1.2M | $92K | $6.39M | $75K | $151K | $0 | -$50K | $26K | $34K | -$45K | $25K | $11K | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $63.7M | $50.96M | $38.2M | $42.65M | $66.16M | $16.61M | $2.86M | $2.23M | $2.17M | $283K | $2.02M | $1.31M | $1.91M | $272K | $233K | $286K | $87K | $2.21M | $5.33M | $1.47M | $126 |
| Long-Term Assets | |||||||||||||||||||||
| Property, Plant & Equipment Net | $9.77M | $5.86M | $6.77M | $8M | $4.35M | $3.04M | $518K | $319K | $27K | $50K | $97K | $144K | $152K | $145K | $18K | $29K | $30K | $25K | $24K | $0 | $0 |
| Goodwill | $2.26M | $2.26M | $2.26M | $2.26M | $816K | $651K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $3.09M | $3.34M | $3.58M | $3.87M | $3.67M | $811K | $99K | $106K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $1.47M | $0 | $0 | $92K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $4.13M | $5.84M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $1.55M | $3.67M | $28K | $272K | $318K | $16K | $92K | $0 | $0 | $37K | $36K | $107K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Assets | $20.79M | $20.96M | $14.11M | $14.4M | $9.15M | $4.61M | $709K | $425K | $27K | $87K | $133K | $251K | $152K | $145K | $18K | $29K | $30K | $25K | $24K | $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 |
| Total Assets | $84.49M | $71.92M | $52.31M | $57.05M | $75.31M | $21.22M | $3.57M | $2.66M | $2.19M | $406K | $2.17M | $1.56M | $2.06M | $417K | $252K | $315K | $117K | $2.24M | $5.35M | $1.47M | $126 |
| Liabilities | |||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||
| Accounts Payable | $15.86M | $7.71M | $2.62M | $3.8M | $2.79M | $4.07M | $601K | $126K | $193K | $86K | $70K | $36K | $48K | $0 | $450K | $0 | $0 | $0 | $18K | $104K | $5K |
| Short-Term Debt | $734K | $0 | $0 | $0 | $0 | $76K | $2.76M | $978K | $40K | $1.12M | $0 | $0 | $0 | $0 | $136K | $0 | $0 | $0 | $0 | $4K | $8K |
| Current Income Tax Payable | $0 | $570K | $834K | $896K | $940K | $1.05M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $496K | $1.79M | $1.84M | $458K | $720K | $4.84M | $11K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $957K | $540K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $692K | $219K | $0 | $0 | $0 |
| Total Current Liabilities | $17.09M | $15.44M | $8.65M | $8.92M | $8.18M | $11.8M | $3.68M | $2.33M | $974K | $1.36M | $173K | $161K | $107K | $150K | $705K | $788K | $692K | $219K | $175K | $108K | $24 |
| Long-Term Liabilities | |||||||||||||||||||||
| Long-Term Debt | $1.61M | $0 | $0 | $0 | $0 | $115K | $1.87M | $167K | $892K | $0 | $1.16M | $1.4M | $0 | $1.19M | $732K | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $25K | $17K | $91K | $340K | $405K | $59K | $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 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | -$1.61M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $1.64M | $2.12M | $1.35M | $2.13M | $1.04M | $1M | $1.87M | $167K | $892K | $0 | $1.16M | $1.4M | $0 | $1.19M | $732K | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.24M | $0 | $0 | -$48K | $0 | $0 | $0 | $0 | $0 | -$18K | -$108K | -$13K |
| Total Liabilities | $18.73M | $17.55M | $9.99M | $11.05M | $9.22M | $12.81M | $5.55M | $2.5M | $1.87M | $1.4M | $1.57M | $1.56M | $107K | $1.34M | $1.44M | $788K | $692K | $219K | $175K | $108K | $24K |
| 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 |
| Common Stock | $25K | $25K | $24K | $23K | $23K | $149K | $104K | $102K | $93K | $55K | $55K | $47K | $47K | $31K | $27K | $26K | $15K | $14K | $14K | $11K | $7K |
| Retained Earnings | -$47.1M | -$56.78M | -$69.58M | -$61.38M | -$53.5M | -$50.22M | -$37.66M | -$33.25M | -$31.1M | -$28.3M | -$26.59M | -$24.04M | -$21.32M | -$19.3M | -$17.28M | -$16.37M | -$14.05M | -$11.08M | -$6.68M | -$1.85M | -$189K |
| Comprehensive Income & Other | -$687K | -$649K | -$1.06M | -$620K | -$16K | $28K | -$38K | -$34K | -$33K | -$57K | -$47K | -$32K | -$99K | -$61K | -$40K | -$30K | -$21K | -$11K | -$3K | $0 | $0 |
| Other Stockholders' Equity | $112.83M | $111.13M | $111.87M | $107.35M | $119.57M | $58.48M | $35.57M | $33.31M | $31.33M | $27.25M | $27.13M | $23.99M | $23.23M | $18.34M | $16.06M | $15.88M | $13.46M | $13.08M | $11.84M | $3.2M | $158K |
| Total Equity | $65.76M | $54.37M | $42.32M | $45.99M | $66.1M | $8.41M | -$1.98M | $157K | $327K | -$994K | $594K | -$3K | $1.95M | -$926K | -$1.18M | -$473K | -$575K | $2.02M | $5.18M | $1.36M | -$24K |
| Minority Interest | $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 | $84.49M | $71.92M | $52.31M | $57.05M | $75.31M | $21.22M | $3.57M | $2.66M | $2.19M | $406K | $2.17M | $1.56M | $2.06M | $417K | $252K | $315K | $117K | $2.24M | $5.35M | $1.47M | $126 |
| Supplementary Data | |||||||||||||||||||||
| Total Debt | $3.96M | $2.64M | $1.9M | $2.55M | $1.09M | $1.28M | $4.63M | $1.15M | $933K | $1.15M | $1.4M | $1.4M | $0 | $1.19M | $868K | $0 | $0 | $0 | $0 | $4K | $8K |
| Net Debt | -$9.77M | -$14.19M | -$18.6M | -$17.52M | -$55.21M | -$1.9M | $3.55M | -$37K | -$1.03M | $961K | -$452K | $314K | -$1.84M | $960K | $753K | -$247K | -$55K | -$2.17M | -$5.29M | -$1.46M | $8K |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 | 2018-11-30 | 2017-11-30 | 2016-11-30 | 2015-11-30 | 2014-11-30 | 2013-11-30 | 2012-11-30 | 2011-11-30 | 2010-11-30 | 2009-11-30 | 2008-11-30 | 2007-11-30 | 2006-11-30 | 2005-11-30 |
| Operating Activities | |||||||||||||||||||||
| Net Income | $9.69M | $12.79M | -$8.19M | -$7.88M | -$3.28M | -$12.55M | -$4.41M | -$2.15M | -$2.8M | -$1.92M | -$2.37M | -$2.72M | -$2.02M | -$2.02M | -$902K | -$2.32M | -$2.97M | -$4.4M | -$4.83M | -$1.66M | -$189K |
| Depreciation & Amortization | $2.12M | $1.49M | $1.26M | $855K | $487K | $242K | $54K | $23K | $45K | $47K | $47K | $46K | $38K | $21K | $11K | $9K | $9K | $9K | $3K | $0 | $0 |
| Deferred Income Tax | $1.7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.23M | $0 | $0 | $0 |
| Stock-Based Compensation | $3.07M | $3.4M | $5.38M | $5.42M | $3.15M | $1.68M | $732K | $1.71M | $427K | $78K | $639K | $752K | $0 | $929K | $0 | $290K | $178K | $1.23M | $2.8M | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||
| Accounts Receivable | -$7.37M | $491K | $2.19M | -$4.25M | -$336K | -$433K | -$419K | $16K | -$3K | $7K | -$31K | $13K | -$20K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | -$12.7M | -$5.85M | $542K | -$9.17M | -$1.45M | -$4.49M | -$875K | $28K | -$150K | $37K | $76K | -$120K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $2.76M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$3.54M | -$1.97M | -$352K | $11K | -$166K | -$1.29M | -$226K | -$1.15M | $44K | -$23K | $2K | $15K | -$6K | $0 | -$323K | $89K | $487K | $35K | $38K | $83K | $16K |
| Total Working Capital Change | -$20.85M | -$7.33M | $2.38M | -$13.41M | -$1.95M | -$6.21M | -$1.52M | -$1.1M | -$109K | $21K | $46K | -$93K | -$26K | $0 | -$323K | $89K | $487K | $35K | $38K | $83K | $16K |
| Other Non-Cash Items | $2.7M | $1.38M | $3.07M | $1.19M | -$2.84M | $19.38M | $1.37M | -$75K | $966K | $118K | -$101K | $78K | $280K | $704K | $43K | $431K | $4K | $1.23M | $114K | $1.06M | $65K |
| Net Cash from Operating | -$1.57M | $11.74M | $3.89M | -$13.83M | -$4.44M | $2.54M | -$3.78M | -$1.6M | -$1.47M | -$1.66M | -$1.74M | -$1.94M | -$1.73M | -$1.29M | -$1.17M | -$1.5M | -$2.3M | -$3.13M | -$1.87M | -$519K | -$107K |
| Investing Activities | |||||||||||||||||||||
| Capital Expenditures | -$7.62M | -$2.35M | -$903K | -$3.25M | -$1.84M | -$1.43M | -$246K | -$312K | -$22K | $0 | $0 | -$38K | -$45K | -$147K | $0 | -$8K | -$14K | -$10K | -$27K | $0 | $0 |
| Acquisitions | $67K | $0 | $0 | -$1.88M | -$4.04M | -$489K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$1.74M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $8.84M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$6K | -$8.88M | -$2.08M | $0 | $0 | -$80K | $0 | -$110K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$459K | -$11.23M | -$2.98M | -$5.14M | -$5.88M | -$2M | -$246K | -$422K | -$22K | $0 | $0 | -$38K | -$45K | -$147K | $0 | -$8K | -$14K | -$10K | -$27K | $0 | $0 |
| Financing Activities | |||||||||||||||||||||
| Debt Repaid | - | - | - | - | - | -$53K | -$4.03M | -$1.23M | $431K | - | - | -$1.24M | $30K | - | -$878K | - | - | - | $4K | - | - |
| Common Stock Issuance | $296K | $0 | $0 | $0 | $55.95M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $160K | $1.7M | $197K | $12K | $5.78M | $821K | $99K |
| Common Stock Repurchases | -$1.1M | -$4.7M | -$456K | -$17.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$50K | $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 |
| Other Financing Activities | -$526K | $149K | $34K | $456K | $1.3M | $7.71M | $0 | $0 | $3.67M | -$37K | $2.52M | $13K | $3.42M | $1.56M | $0 | $30K | $0 | $0 | $0 | $1.17M | $0 |
| Net Cash from Financing | -$1.33M | -$4.55M | -$422K | -$17.04M | $57.25M | $7.77M | $4.03M | $1.23M | $3.24M | -$37K | $2.52M | $1.25M | $3.39M | $1.56M | $1.04M | $1.7M | $197K | $12K | $5.72M | $1.98M | $107K |
| Forex Effect | $261K | $371K | -$61K | -$326K | -$189K | $171K | -$19K | $344 | $27K | $39K | -$19K | -$33K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$3.1M | -$3.67M | $430K | -$36.33M | $46.74M | $8.48M | -$8K | -$783K | $1.77M | -$1.66M | $766K | -$757K | $1.61M | $118K | -$132K | $192K | -$2.11M | -$3.13M | $3.83M | $1.46M | $126 |
| Supplementary Data | |||||||||||||||||||||
| Operating Cash Flow | -$1.57M | $11.74M | $3.89M | -$13.83M | -$4.44M | $2.54M | -$3.77M | -$1.6M | -$1.47M | -$1.66M | -$1.74M | -$1.94M | -$1.73M | -$1.29M | -$1.17M | -$1.5M | -$2.3M | -$3.13M | -$1.87M | -$519K | -$107K |
| Capital Expenditure | -$7.62M | -$2.35M | -$903K | -$3.25M | -$1.84M | -$1.43M | -$246K | -$312K | -$22K | $0 | $0 | -$38K | -$45K | -$147K | $0 | -$8K | -$14K | -$10K | -$27K | $0 | $0 |
| Free Cash Flow | -$9.2M | $9.39M | $2.99M | -$17.08M | -$6.28M | $1.11M | -$4.02M | -$1.91M | -$1.49M | -$1.66M | -$1.74M | -$1.98M | -$1.78M | -$1.44M | -$1.17M | -$1.51M | -$2.31M | -$3.14M | -$1.9M | -$519K | -$107K |
| Cash at Beginning | $16.83M | $20.5M | $20.07M | $56.4M | $9.66M | $1.17M | $1.18M | $1.97M | $193K | $1.85M | $1.09M | $1.84M | $232K | $115K | $247K | $55K | $2.17M | $5.29M | $1.46M | $126 | $0 |
| Cash at End | $13.73M | $16.83M | $20.5M | $20.07M | $56.4M | $9.66M | $1.17M | $1.18M | $1.97M | $193K | $1.85M | $1.09M | $1.84M | $232K | $115K | $247K | $55K | $2.17M | $5.29M | $1.46M | $126 |