CERUS CORP (CERS)
Cerus Corporation operates as a biotechnology firm dedicated to advancing and marketing the INTERCEPT Blood System. This proprietary technology significantly enhances the safety of transfusable blood components by neutralizing biological threats, thereby reducing the risk of blood-borne pathogens. The company's product line includes INTERCEPT systems specifically engineered to deactivate pathogens in donated platelets and plasma. It also offers a dedicated INTERCEPT Blood System for the inactivation of harmful agents in red blood cell components. Furthermore, Cerus markets an INTERCEPT Blood System for Cryoprecipitation, which leverages its plasma technology to produce two key pathogen-reduced blood products: a cryoprecipitated fibrinogen complex for treating and controlling bleeding, particularly massive hemorrhages stemming from fibrinogen deficiency, and pathogen-reduced, cryoprecipitate-reduced plasma. Cerus distributes these platelet and plasma systems globally through a combination of its direct sales force and an extensive network of distributors, reaching markets in North America, Europe, the Commonwealth of Independent States, the Middle East, and Latin America. Established in 1991, Cerus Corporation maintains its corporate headquarters in Concord, California.
Sector: Surgical & Medical Instruments & Apparatus
Industry: Medical - Devices
Cerus Corporation
NASDAQ:CERSHealthcare · Medical - Devices
-6.56%$2.28
AH$2.28+0.00%vs close
Mkt Cap$459.48M
Float192.48M
O/S201.52M
Vol
$ Vol
RVOL
Inst Own74.4%
SI8.6%
Earnings
Dilution
Financials Summary
Revenue$206.13M
Net Income-$15.63M
Total Assets$221.86M
Free Cash Flow$8.52M
Debt & Equity
Debt 60%
Equity 40%
Total Debt$96.95M
Total Equity$64.22M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in CERS's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$221.86M
Liabilities$156.89M
Accounts Receivable$30.37M
Accounts Payable$28.01M
Inventory$56.1M
PP&E (Net)$19.33M
Goodwill$1.32M
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 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Revenue | $206.13M | $180.27M | $156.37M | $162.05M | $130.86M | $91.92M | $74.65M | $60.91M | $43.57M | $37.18M | $34.22M | $36.5M | $39.66M | $36.7M | $33.04M | $23.11M | $17.98M | $16.51M | $11.04M | $35.58M | $24.37M | $13.91M | $9.66M | $8.49M | $4.54M | $1.85M | $2.4M | $2.9M | $6.9M |
| YoY Growth | 14.3% | 15.3% | -3.5% | 23.8% | 42.4% | 23.1% | 22.6% | 39.8% | 17.2% | 8.6% | -6.2% | -8.0% | 8.1% | 11.0% | 43.0% | 28.5% | 8.9% | 49.5% | -69.0% | 46.0% | 75.2% | 43.9% | 13.8% | 87.2% | 145.0% | -22.9% | -17.2% | -58.0% | - |
| Cost of Revenue | $93.84M | $80.75M | $69.97M | $74.95M | $63.48M | $41.16M | $33.42M | $31.63M | $22.53M | $20.3M | $23.46M | $21.18M | $22.6M | $20.62M | $18.54M | $12.05M | $12.58M | $9.67M | $5.23M | $1.54M | $0 | $0 | $0 | $0 | $0 | -$634K | -$600K | -$700K | -$700K |
| Gross Profit | $112.29M | $99.52M | $86.4M | $87.09M | $67.38M | $50.76M | $41.23M | $29.27M | $21.04M | $16.89M | $10.76M | $15.33M | $17.05M | $16.08M | $14.51M | $11.06M | $5.4M | $6.84M | $5.82M | $34.04M | $24.37M | $13.91M | $9.66M | $8.49M | $4.54M | $2.48M | $3M | $3.6M | $7.6M |
| Gross Margin | 54.5% | 55.2% | 55.3% | 53.7% | 51.5% | 55.2% | 55.2% | 48.1% | 48.3% | 45.4% | 31.4% | 42.0% | 43.0% | 43.8% | 43.9% | 47.9% | 30.0% | 41.4% | 52.7% | 95.7% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 134.3% | 125.0% | 124.1% | 110.1% |
| Research and Development | $67.72M | $58.91M | $67.64M | $64.11M | $63.69M | $64.41M | $60.38M | $42.56M | $33.71M | $31.32M | $25.64M | $21.69M | $15.19M | $7.6M | $7.18M | $5.2M | $6.37M | $10.21M | $14.96M | $29.51M | $24.13M | $27.65M | $52.48M | $56.42M | $48.25M | $34.82M | $22.5M | $29.8M | $19.6M |
| Selling, General, and Administrative | $80.91M | $75.89M | $75.52M | $83.33M | $81.29M | $67.02M | $66.2M | $56.84M | $52.41M | $48.75M | $45.99M | $37.78M | $29.96M | $25.66M | $23.05M | $21.58M | $21.87M | $27.16M | $24.57M | $14.01M | $9.58M | $10.22M | $11.02M | $11.35M | $10.17M | $7.16M | $4.8M | $3.8M | $3.2M |
| Other | -$27.66M | -$21.05M | -$26.7M | -$26.27M | -$28.66M | -$22.33M | -$19.13M | $1.75M | $3.86M | -$1.28M | $71K | $130K | $266K | $31K | $202K | $67K | $155K | $0 | $9.45M | $0 | $0 | $0 | $0 | $0 | $0 | $634K | $600K | $700K | $700K |
| Total Operating Expenses | $120.97M | $113.75M | $116.45M | $121.17M | $116.32M | $109.1M | $107.46M | $84.26M | $78.57M | $78.19M | $71.83M | $59.68M | $45.35M | $33.38M | $30.43M | $26.84M | $28.39M | $37.37M | $48.98M | $43.52M | $33.71M | $37.88M | $63.5M | $67.77M | $58.41M | $42.62M | $27.9M | $34.3M | $23.5M |
| Operating Income (EBIT) | -$8.68M | -$14.22M | -$30.05M | -$34.08M | -$48.94M | -$58.33M | -$66.23M | -$54.99M | -$57.53M | -$61.45M | -$61.08M | -$44.35M | -$28.3M | -$17.3M | -$15.92M | -$15.96M | -$23.83M | -$30.53M | -$43.17M | -$9.48M | -$9.34M | -$26.83M | -$53.84M | -$59.28M | -$53.88M | -$40.13M | -$24.9M | -$30.7M | -$15.9M |
| Operating Margin | -4.2% | -7.9% | -19.2% | -21.0% | -37.4% | -63.5% | -88.7% | -90.3% | -132.0% | -165.3% | -178.5% | -121.5% | -71.4% | -47.1% | -48.2% | -69.1% | -132.5% | -185.0% | -390.9% | -26.6% | -38.3% | -192.8% | -557.0% | -698.2% | -1188.0% | -2168.2% | -1037.5% | -1058.6% | -230.4% |
| Interest Expense | $8.34M | $8.88M | $8.39M | $5.83M | $4.92M | $3.75M | $6.07M | $4.01M | $3.02M | $2.44M | $1.71M | $599K | $520K | $551K | $964K | $689K | $302K | $10K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $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 Income (Expense) | -$6.6M | -$6.53M | -$7.27M | -$8.26M | -$5.12M | -$1.24M | -$4.75M | -$2.35M | $832K | -$1.28M | $1.54M | $5.94M | -$14.82M | $1.63M | -$1.06M | -$953K | -$302K | $1.35M | $4.07M | $4.7M | $22.41M | -$4.33M | -$4.43M | $2.08M | $4.61M | $4.1M | $0 | $1.2M | $1.2M |
| Income Before Tax (EBT) | -$15.28M | -$20.76M | -$37.32M | -$42.34M | -$54.06M | -$59.57M | -$70.98M | -$57.34M | -$56.7M | -$62.73M | -$59.54M | -$38.37M | -$43.12M | -$15.68M | -$16.98M | -$16.91M | -$24.67M | $0 | -$52.62M | -$4.78M | $12.75M | -$31.15M | -$4.43M | -$57.19M | -$49.27M | -$36.03B | $0 | -$29.5M | -$14.7M |
| Income Tax Expense | $354K | $205K | $325K | $488K | $319K | $284K | $263K | $229K | $3.89M | $175K | -$3.67M | $195K | $218K | $242K | $0 | $0 | $228K | -$1.35M | $2.14M | $0 | -$22.41M | $0 | $53.84M | $0 | $100K | $4.1B | -$2.3M | -$1.1M | $0 |
| Net Income | -$15.63M | -$20.92M | -$37.49M | -$42.78M | -$54.37M | -$59.86M | -$71.24M | -$57.56M | -$60.59M | -$62.91M | -$55.87M | -$38.57M | -$43.34M | -$15.92M | -$16.98M | -$16.91M | -$24.14M | -$29.18M | -$45.3M | -$4.78M | $13.06M | -$31.15M | -$58.27M | -$57.19M | -$49.37M | -$36.03M | -$22.6M | -$29.6M | -$14.7M |
| Net Income Margin | -7.6% | -11.6% | -24.0% | -26.4% | -41.6% | -65.1% | -95.4% | -94.5% | -139.1% | -169.2% | -163.2% | -105.7% | -109.3% | -43.4% | -51.4% | -73.2% | -134.2% | -176.8% | -410.2% | -13.4% | 53.6% | -223.9% | -602.9% | -673.6% | -1088.6% | -1946.7% | -941.7% | -1020.7% | -213.0% |
| Supplementary Data | |||||||||||||||||||||||||||||
| EPS | -0.08 | -0.11 | -0.21 | -0.24 | -0.32 | -0.37 | -0.51 | -0.44 | -0.56 | -0.62 | -0.58 | -0.52 | -0.64 | -0.29 | -0.35 | -0.42 | -0.69 | -0.90 | -1.42 | -0.18 | 0.58 | -1.41 | -3.01 | -3.61 | -3.27 | -2.75 | -2.04 | -3.17 | -1.76 |
| Diluted EPS | -0.08 | -0.11 | -0.21 | -0.24 | -0.32 | -0.37 | -0.51 | -0.44 | -0.56 | -0.62 | -0.58 | -0.50 | -0.64 | -0.29 | -0.35 | -0.42 | -0.69 | -0.90 | -1.42 | -0.17 | 0.55 | -1.41 | -3.01 | -3.61 | -3.27 | -2.75 | -2.04 | -3.17 | -1.76 |
| Weighted Average OS | 190.59M | 184.56M | 180.27M | 176.54M | 171.28M | 163.95M | 139.83M | 130.83M | 108.19M | 101.46M | 96.07M | 74.77M | 67.57M | 54.52M | 48.05M | 40.30M | 34.75M | 32.43M | 31.87M | 26.87M | 22.35M | 22.14M | 19.37M | 15.83M | 15.11M | 13.09M | 11.10M | 9.33M | 8.35M |
| EBITDA | -$5.51M | -$10.02M | -$26.34M | -$33.52M | -$45.99M | -$52.72M | -$64.61M | -$51.88M | -$51.87M | -$58.47M | -$56.13M | -$36.55M | -$42.23M | -$14.38M | -$15.1M | -$15.38M | -$22.92M | -$28.53M | -$43.17M | -$4.06M | -$8.69M | -$23.01M | -$50.54M | -$56.78M | -$52.69M | -$39.51M | -$24.29M | -$30M | -$15.2M |
| EBITDA Margin | -2.7% | -5.6% | -16.8% | -20.7% | -35.1% | -57.4% | -86.6% | -85.2% | -119.0% | -157.2% | -164.0% | -100.1% | -106.5% | -39.2% | -45.7% | -66.5% | -127.4% | -172.8% | -390.9% | -11.4% | -35.7% | -165.4% | -523.0% | -668.8% | -1161.7% | -2134.3% | -1012.2% | -1034.4% | -220.3% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Assets | |||||||||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $19.96M | $20.27M | $11.65M | $35.59M | $48.76M | $36.59M | $34.99M | $28.86M | $13.68M | $22.56M | $71.02M | $22.78M | $29.48M | $26.7M | $25.5M | $28.95M | $17.29M | $10.3M | $19.63M | $46.29M | $5.78M | $39.17M | $23.16M | $22.43M | $64.5M | $71.87M | $3.5M | $6.2M | $11.6M |
| Short-Term Investments | $62.92M | $60.19M | $54.2M | $66.57M | $80.6M | $97M | $50.73M | $88.72M | $47.01M | $49.07M | $36.86M | $28.51M | $28.19M | $0 | $287K | $1.06M | $2.64M | $12.28M | $37.23M | $47.13M | $40.02M | $56.16M | $86.84M | $41.88M | $58.96M | $18.39M | $36.9M | $0 | $0 |
| Cash and Short-Term Investments | $82.88M | $80.45M | $65.85M | $102.15M | $129.36M | $133.59M | $85.72M | $117.58M | $60.7M | $71.63M | $107.88M | $51.29M | $57.68M | $26.7M | $25.78M | $30.01M | $19.93M | $22.58M | $56.85M | $93.42M | $45.8M | $95.33M | $110.01M | $64.32M | $123.46M | $90.26M | $40.4M | $6.2M | $11.6M |
| Accounts Receivable | $30.37M | $29.78M | $35.5M | $34.43M | $25.13M | $21.17M | $16.88M | $8.75M | $12.41M | $6.87M | $5.79M | $5.49M | $6.13M | $4.44M | $6.1M | $4.79M | $3.63M | $7.15M | $7.77M | $5.28M | $5.2M | $4.54M | $5.74M | $2.93M | $1.6M | $267K | $0 | $0 | $4.4M |
| Inventory | $56.1M | $38.15M | $39.87M | $29M | $26.79M | $23.25M | $19.49M | $13.54M | $14.46M | $12.53M | $10.81M | $14.96M | $13.06M | $10.18M | $6.44M | $5.96M | $7.71M | $11.11M | $7.06M | $1.83M | $0 | -$4.53M | -$5.74M | -$2.88M | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $5.03M | $3.64M | $3.22M | $4.56M | $0 | $0 | $0 | $0 | $2.33M | $1.8M | $4.75M | $1.93M | $442K | $2.04M | $605K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $512K | $300K | $13.9M | $10.2M |
| Total Current Assets | $174.38M | $152.02M | $144.44M | $170.14M | $187.1M | $183.43M | $128.11M | $146.9M | $89.9M | $94.11M | $130.44M | $74.87M | $78.15M | $44M | $39.74M | $41.76M | $32.36M | $42.04M | $73.9M | $102.74M | $51.01M | $99.87M | $115.75M | $67.25M | $125.06M | $91.04M | $40.7M | $20.1M | $26.2M |
| Long-Term Assets | |||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $19.33M | $15.54M | $19.35M | $23.48M | $25.18M | $26.99M | $29.02M | $8.13M | $2.12M | $2.98M | $3.55M | $3.78M | $2.19M | $1.7M | $2.03M | $2.39M | $1.22M | $1.84M | $1.32M | $1.63M | $1.24M | $947K | $2.55M | $5.55M | $3.01M | $2.99M | $1M | $700K | $1M |
| Goodwill | $1.32M | $1.32M | $1.32M | $1.32M | $1.32M | $1.32M | $1.32M | $1.32M | $1.32M | $1.32M | $1.32M | $1.32M | $1.32M | $1.32M | $1.32M | $1.32M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $132K | $334K | $536K | $738K | $940K | $1.14M | $1.34M | $1.55M | $1.75M | $1.95M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.73M | $247K | -$150K | -$122K | -$115K | -$89K | -$62K | $0 | -$189.3M | $0 | $2.33M | $2M | $11M | $6M | $1.18M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$2.73M | -$247K | $150K | $122K | $115K | $89K | $62K | $0 | $189.3M | $182.1M | $179.6M | $166.3M | $147.9M | $139.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $26.83M | $32.04M | $32.64M | $23.15M | $23.9M | $9.68M | $6.96M | $6.78M | $4.38M | $4.33M | $3.23M | $665K | $378K | $363K | $532K | $756K | -$181.19M | $1.12M | $2.98M | $11.45M | $6.42M | $85K | $156K | $152K | $188K | $127K | $100K | $100K | $100K |
| Total Long-Term Assets | $47.48M | $48.9M | $53.31M | $47.95M | $50.4M | $37.98M | $37.43M | $16.56M | $8.35M | $9.37M | $9.03M | $6.9M | $5.23M | $4.92M | $5.63M | $6.41M | $2.13M | $5.3M | $4.31M | $13.07M | $7.66M | $2.21M | $2.71M | $5.7M | $3.2M | $3.12M | $1.1M | $800K | $1.1M |
| 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 |
| Total Assets | $221.86M | $200.92M | $197.75M | $218.09M | $237.5M | $221.41M | $165.53M | $163.46M | $98.24M | $103.48M | $139.47M | $81.77M | $83.38M | $48.92M | $45.37M | $48.17M | $34.49M | $47.34M | $78.21M | $115.82M | $58.66M | $102.08M | $118.46M | $72.95M | $128.26M | $94.16M | $41.8M | $20.9M | $27.3M |
| Liabilities | |||||||||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||||||||
| Accounts Payable | $28.01M | $21.7M | $23.84M | $33M | $35.61M | $24.21M | $22.18M | $18.59M | $10.97M | $8.59M | $5.22M | $9.88M | $5.67M | $7.19M | $4.68M | $3.23M | $4.42M | $7.96M | $10.11M | $6.67M | $2.09M | $1.48M | $4.64M | $10.56M | $8.25M | $6.07M | $2.01M | $14.1M | $1.3M |
| Short-Term Debt | $43.34M | $19.3M | $20M | $56.16M | $14.7M | $8.52M | $5.02M | $7.86M | $0 | $6.93M | $2.96M | $0 | $3.37M | $4.83M | $2.52M | $1.75M | $0 | $0 | $30K | $84K | $4.89M | $34.5M | $55.85M | $35K | $31K | $32K | $31K | $0 | $100K |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $1.27M | $1.4M | $2M | $589K | $673K | $577K | $570K | $498K | $445K | $149K | $554K | $399K | $181K | $77K | $111K | $248K | $345K | $445K | $1.5M | $586K | $11.13M | $13.22M | $614K | $718K | $927K | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $18.26M | $11.94M | $11.82M | $17.58M | $18.51M | $16M | $12.7M | $14.96M | $4.34M | $4.12M | $7.94M | $14.98M | $27.68M | $10.83M | $10.01M | $8.46M | $2.74M | $445K | $0 | $586K | $0 | $22.09M | $0 | $0 | $0 | $6.05M | $6.66M | $5.5M | $3.4M |
| Total Current Liabilities | $100.8M | $63.61M | $67.52M | $117.06M | $78.56M | $59.97M | $50.34M | $52.68M | $23.13M | $26.89M | $21.89M | $29M | $39.42M | $25.61M | $21.11M | $19.7M | $12.91M | $12.9M | $18.32M | $14.81M | $23.32M | $76.09M | $65.94M | $16.76M | $16.45M | $12.16M | $8.7M | $19.6M | $4.8M |
| Long-Term Liabilities | |||||||||||||||||||||||||||||
| Long-Term Debt | $40.55M | $64.86M | $59.8M | $13.64M | $54.72M | $39.59M | $39.41M | $22.01M | $29.8M | $12.44M | $16.85M | $9.87M | $0 | $2.9M | $4.7M | $3.13M | $0 | $0 | $0 | $0 | $0 | $4.5M | $0 | $0 | $51K | $84K | $115K | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $100K | $100K | $0 | -$115K | $0 | -$62K | $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 | -$100K | $150K | $122K | $115K | $89K | $62K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $5.39M | $3.89M | $3.24M | $3.5M | $2.34M | $1.17M | $327K | $4.25M | $6.38M | $6.21M | $5.8M | $1.08M | $1.07M | $1.24M | $1.24M | $1.59M | $115K | $163K | -$0 | $0 | $0 | $0 | $0 | $0 | $4.95M | -$84K | -$15K | $0 | $0 |
| Total Long-Term Liabilities | $56.09M | $80.41M | $76.78M | $32.47M | $73.33M | $57.63M | $58.15M | $26.26M | $36.17M | $18.8M | $22.81M | $11.07M | $1.16M | $4.2M | $5.94M | $4.73M | $130K | $163K | $2K | $32K | $68K | $4.5M | $0 | $16K | $5.05M | $84K | $100K | $5M | $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 | $0 | -$5M | $0 |
| Total Liabilities | $156.89M | $144.02M | $144.3M | $149.53M | $151.88M | $117.61M | $108.48M | $78.94M | $59.3M | $45.69M | $44.7M | $40.06M | $40.59M | $29.81M | $27.05M | $24.43M | $13.04M | $13.06M | $18.32M | $14.85M | $23.39M | $80.59M | $65.94M | $16.78M | $21.5M | $12.24M | $8.8M | $19.6M | $4.8M |
| Stockholders' Equity | |||||||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $189K | $0 | $0 | $9.5M | $9.5M | $9.5M | $9.5M | $9.5M | $9.5M | $9.5M | $9.5M | $9.5M | $9.5M | $9.5M | $14.5M | $14.5M | $5M | $0 |
| Common Stock | $192K | $186K | $181K | $177K | $174K | $168K | $144K | $136K | $115K | $103K | $99K | $80K | $72K | $56K | $51K | $47K | $39K | $33K | $32K | $32K | $23K | $22K | $22K | $16K | $16K | $14K | $0 | $0 | $0 |
| Retained Earnings | -$1.08B | -$1.07B | -$1.04B | -$1.01B | -$964.34M | -$909.97M | -$850.11M | -$778.87M | -$721.3M | -$660.72M | -$597.81M | -$541.94M | -$503.19M | -$459.85M | -$443.94M | -$426.95M | -$410.04M | -$385.91M | -$356.73M | -$311.42M | -$306.64M | -$319.71M | -$288.55M | -$230.29M | -$173.09M | -$123.73M | -$87.5M | -$64.4M | -$34.9M |
| Comprehensive Income & Other | -$156K | -$400K | -$1.27M | -$2.79M | -$149K | $674K | $114K | -$281K | -$97K | $103K | $7.29M | -$31K | $7K | -$8.32M | $0 | $108K | $58K | $212K | $75K | -$22K | -$295K | -$324K | -$10.32M | -$7.1M | -$4.6M | -$3.53M | -$2.9M | -$2.3M | -$1.7M |
| Other Stockholders' Equity | $1.15B | $1.12B | $1.1B | $1.07B | $1.05B | $1.01B | $907.02M | $863.25M | $760.13M | $718.4M | $692.48M | $583.57M | $545.91M | $478.9M | $462.2M | $450.64M | $431.45M | $420.15M | $416.58M | $412.36M | $341.89M | $341.17M | $341.06M | $286.44M | $279.83M | $205.63M | $120.5M | $65.7M | $57.4M |
| Total Equity | $64.22M | $56.15M | $52.65M | $67.61M | $84.62M | $103.81M | $57.05M | $84.52M | $38.94M | $57.79M | $94.77M | $41.71M | $42.8M | $19.11M | $18.31M | $23.73M | $21.45M | $34.28M | $59.89M | $100.97M | $35.27M | $21.49M | $52.53M | $56.17M | $106.75M | $81.92M | $33M | $1.3M | $22.5M |
| Minority Interest | $741K | $751K | $794K | $952K | $998K | $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 | $221.12M | $200.17M | $196.95M | $217.14M | $236.5M | $221.41M | $165.53M | $163.46M | $98.24M | $103.48M | $139.47M | $81.77M | $83.38M | $48.92M | $45.37M | $48.17M | $34.49M | $47.34M | $78.21M | $115.82M | $58.66M | $102.08M | $118.46M | $72.95M | $128.26M | $94.16M | $41.8M | $20.9M | $27.3M |
| Supplementary Data | |||||||||||||||||||||||||||||
| Total Debt | $96.95M | $98.1M | $96M | $87.24M | $87.59M | $66.89M | $64.45M | $29.87M | $29.8M | $19.38M | $19.87M | $9.87M | $3.37M | $7.72M | $7.22M | $4.89M | $24K | $0 | $32K | $116K | $4.96M | $39M | $55.85M | $51K | $82K | $116K | $100K | $5M | $100K |
| Net Debt | $76.98M | $77.83M | $84.35M | $51.65M | $38.83M | $30.3M | $29.46M | $1.01M | $16.11M | -$3.19M | -$51.15M | -$12.91M | -$26.12M | -$18.97M | -$18.28M | -$24.05M | -$17.26M | -$10.3M | -$19.59M | -$46.17M | -$819K | -$169K | $32.69M | -$22.38M | -$64.42M | -$71.76M | -$3.4M | -$1.2M | -$11.5M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Operating Activities | |||||||||||||||||||||||||||||
| Net Income | -$15.63M | -$20.96M | -$37.49M | -$42.83M | -$54.38M | -$59.86M | -$71.24M | -$57.56M | -$60.59M | -$62.91M | -$55.87M | -$38.76M | -$43.34M | -$15.92M | -$16.98M | -$16.91M | -$24.14M | -$29.18M | -$45.3M | -$4.78M | $13.06M | -$31.15M | -$58.27M | -$57.19M | -$49.37M | -$36.03M | -$22.6M | -$29.6M | -$14.7M |
| Depreciation & Amortization | $1.43M | $1.85M | $2.6M | $2.98M | $3.15M | $3.11M | $2.4M | $1.45M | $1.81M | $1.82M | $1.7M | $1.42M | $557K | $744K | $922K | $845K | $915K | $651K | $774K | $716K | $652K | $2.15M | $3.29M | $2.5M | $1.19M | $634K | $600K | $700K | $700K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $462K | $0 | $0 | $4K | $3.71M | $28K | -$3.82M | $26K | $27K | $62K | -$600K | -$291K | $0 | $0 | -$2.37M | $0 | $0 | -$193K | $401K | -$673K | $0 | -$7.27M | $0 | $0 | $0 |
| Stock-Based Compensation | $22.87M | $22.87M | $20.27M | $24.46M | $23.57M | $18.03M | $13.31M | $10.39M | $9.36M | $8.06M | $6.73M | $5.15M | $3.27M | $2.54M | $1.85M | $1.83M | $2.05M | $2.15M | $2.6M | $0 | $0 | $193K | -$401K | $673K | $0 | $7.09M | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||||||||
| Accounts Receivable | -$396K | $5.5M | -$1.1M | -$9.2M | -$4.21M | -$4.13M | -$8.07M | $3.66M | -$5.55M | -$1.07M | -$301K | $632K | -$1.68M | $1.65M | -$1.3M | -$1.17M | $696K | $660K | -$2.49M | $0 | $0 | $4K | -$25K | $241K | $0 | -$267.02M | $0 | $0 | $0 |
| Inventory | -$14.68M | $7.03M | -$14.95M | -$1.77M | -$19.61M | -$4.03M | -$6.04M | $806K | -$2.09M | -$1.78M | $3.99M | $3.03M | -$1.81M | -$3.74M | -$487K | $2.02M | $3.37M | -$4.05M | -$5.23M | $0 | $0 | $18.84M | -$48.04M | -$4.51M | -$1.12M | -$1.07B | $0 | $0 | $0 |
| Accounts Payable | $5.72M | -$1.48M | -$7.33M | -$4.91M | $12.2M | $1.98M | $4.94M | $5.68M | $2.49M | $3.26M | -$3.87M | -$973K | -$1.51M | $2.51M | $1.45M | -$1.19M | $102K | -$2.15M | $3.44M | $0 | $0 | -$2.96M | -$5.38M | $3.24M | $0 | $1.26B | $0 | $0 | $0 |
| Other Working Capital | $2.52M | -$5.83M | -$8.65M | -$179K | $2.22M | $1.97M | -$3.13M | $3.07M | $1.54M | -$1.36M | $2.93M | -$2.77M | $2.56M | $274K | -$486K | $606K | $1.5M | -$2.59M | -$873K | -$3.16M | -$6.78M | $71K | $49.82M | $36K | $4.54M | $78.88M | -$10.8M | $19.1M | -$2.8M |
| Total Working Capital Change | -$6.83M | $5.23M | -$32.03M | -$16.05M | -$9.4M | -$4.2M | -$12.3M | $13.22M | -$3.61M | -$950K | $2.75M | -$76K | -$2.44M | $692K | -$827K | $266K | $5.67M | -$8.13M | -$5.15M | -$3.16M | -$6.78M | $15.95M | -$3.63M | -$991K | $3.42M | $3.54M | -$10.8M | $19.1M | -$2.8M |
| Other Non-Cash Items | $9.52M | $2.37M | $3.49M | $5.82M | $2.67M | $1.11M | $2.33M | $1.25M | -$2.92M | $417K | -$2.62M | -$7.57M | $15.13M | -$2.04M | $5K | $152K | $840K | -$34K | $12.05M | -$7.46M | -$21.88M | $322K | -$10K | $33K | $756K | -$1K | -$500K | $100K | $200K |
| Net Cash from Operating | $11.36M | $11.36M | -$43.17M | -$25.61M | -$33.92M | -$41.81M | -$65.5M | -$31.25M | -$52.23M | -$53.53M | -$51.13M | -$39.81M | -$26.8M | -$13.92M | -$15.63M | -$14.11M | -$14.66M | -$34.55M | -$37.4M | -$14.69M | -$14.95M | -$12.73M | -$58.62M | -$55.65M | -$44M | -$32.03M | -$33.3M | -$9.7M | -$16.6M |
| Investing Activities | |||||||||||||||||||||||||||||
| Capital Expenditures | -$2.84M | -$2.84M | -$4.6M | -$2M | -$910K | -$1.61M | -$8.94M | -$1.14M | -$353K | -$563K | -$722K | -$2.11M | -$663K | -$81K | -$158K | -$1.71M | -$191K | -$1.19M | -$700K | -$1.11M | -$856K | -$594K | -$297K | -$5.03M | -$1.24M | -$2.62M | -$700K | -$300K | -$400K |
| Acquisitions | $0 | $0 | $0 | -$10.46M | $910K | $0 | $0 | $0 | -$3.47M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $191K | $1.19M | $700K | $0 | $0 | $0 | $10K | $0 | $25K | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$42.98M | -$42.98M | -$2.49M | -$29.64M | -$52.07M | -$98.79M | -$43.91M | -$80.7M | -$68.79M | -$82.81M | -$90.41M | -$25.98M | -$30.01M | $0 | $0 | $0 | -$499K | -$2.29M | -$44.48M | -$42.31M | -$5M | -$76.83M | -$191.69M | -$100.16M | -$78.89M | -$18.66M | -$71.9M | -$29.3M | -$32M |
| Sales of Investments | $37.68M | $37.68M | $15.71M | $40.1M | $65.66M | $50.85M | $81.03M | $38M | $69.57M | $63.45M | $92.64M | $24.91M | $1.63M | $287K | $666K | $1.63M | $10.13M | $27.37M | $54.48M | $35.48M | $21.17M | $107.19M | $83.09M | $53.03M | $11M | $37.15M | $48.6M | $25.6M | $22M |
| Other Investing Activities | $0 | $0 | $0 | $10.46M | -$910K | $0 | $0 | -$42.7M | $3.47M | -$19.36M | -$104K | -$175K | -$15K | -$1K | $55K | -$11K | -$191K | -$1.19M | -$700K | $0 | $51K | -$1.24M | $63.64M | $64.2M | $27.32M | -$1K | $100K | $0 | $0 |
| Net Cash from Investing | -$8.13M | -$8.13M | $8.62M | $8.46M | $12.69M | -$49.56M | $28.18M | -$43.85M | $421K | -$19.92M | $1.41M | -$3.35M | -$29.06M | $205K | $563K | -$87K | $9.44M | $23.89M | $9.3M | -$7.94M | $15.36M | $28.52M | -$45.25M | $12.04M | -$41.78M | $15.87M | -$23.9M | -$4M | -$10.4M |
| Financing Activities | |||||||||||||||||||||||||||||
| Debt Repaid | - | -$5M | -$4.83M | -$212K | -$15M | - | -$8.33M | $133K | -$10.38M | $622K | -$9.89M | -$6.37M | $4.47M | -$353K | -$2.2M | $34K | $5K | -$65K | $84K | $4.54M | $34.5M | $19K | -$49.97M | $31K | $33K | $31K | - | $100K | $100K |
| Common Stock Issuance | $560K | $667K | $0 | $4.08M | $2.74M | $76.53M | $26.93M | $85.04M | $30.2M | $22.12M | $75.3M | $18.49M | $61.42M | $14.23M | $9.27M | $19.29M | $12.21M | $1.29M | $1.52M | $67.67M | $693K | $226K | $54.63M | $1.57M | $78.44M | $85.17M | $54.7M | $8.3M | $32.6M |
| Common Stock Repurchases | $0 | $0 | -$175K | -$104K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$500K | $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 | -$639K | $0 | $0 | $0 |
| Other Financing Activities | $4.73M | $0 | $925K | $0 | $10.37M | $11.75M | $3.21M | $7.85M | $2.43M | $3.07M | $12.77M | $11.59M | $1.68M | $332K | $143K | $230K | $0 | -$25K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1K | -$100K | $100K | $100K |
| Net Cash from Financing | $4.96M | $4.96M | $10.67M | $4.19M | $34.29M | $91.78M | $43.49M | $92.75M | $43M | $24.57M | $97.95M | $36.45M | $58.64M | $14.91M | $11.62M | $25.86M | $12.21M | $1.33M | $1.44M | $63.13M | -$33.81M | $207K | $104.59M | $1.54M | $78.41M | $84.5M | $54.6M | $8.3M | $32.6M |
| Forex Effect | -$191K | -$191K | -$128K | -$727K | -$919K | $1.07M | -$339K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1K | $0 | $0 | $0 | $0 | $1K | -$100K | $0 | $0 |
| Net Change in Cash | $8M | $8M | -$24M | -$13.69M | $12.14M | $1.48M | $5.83M | $17.66M | -$8.81M | -$48.89M | $48.24M | -$6.7M | $2.79M | $1.2M | -$3.45M | $11.66M | $6.98M | -$9.32M | -$26.66M | $40.51M | -$33.39M | $16M | $730K | -$42.07M | -$7.37M | $68.33M | -$2.7M | -$5.4M | $5.6M |
| Supplementary Data | |||||||||||||||||||||||||||||
| Operating Cash Flow | $11.36M | $11.36M | -$43.17M | -$25.61M | -$33.92M | -$41.81M | -$65.5M | -$31.25M | -$52.23M | -$53.53M | -$51.13M | -$39.81M | -$26.8M | -$13.92M | -$15.63M | -$14.11M | -$14.66M | -$34.55M | -$37.4M | -$14.69M | -$14.95M | -$12.73M | -$58.62M | -$55.65M | -$44M | -$32.03M | -$33.3M | -$9.7M | -$16.6M |
| Capital Expenditure | -$2.84M | -$2.84M | -$4.6M | -$2M | -$910K | -$1.61M | -$8.94M | -$1.14M | -$353K | -$563K | -$722K | -$2.11M | -$663K | -$81K | -$158K | -$1.71M | -$191K | -$1.19M | -$700K | -$1.11M | -$856K | -$594K | -$297K | -$5.03M | -$1.24M | -$2.62M | -$700K | -$300K | -$400K |
| Free Cash Flow | $8.52M | $8.52M | -$47.77M | -$27.61M | -$34.83M | -$43.43M | -$74.43M | -$32.39M | -$52.59M | -$54.09M | -$51.85M | -$41.92M | -$27.46M | -$14M | -$15.79M | -$15.82M | -$14.86M | -$35.74M | -$38.1M | -$15.79M | -$15.8M | -$13.32M | -$58.91M | -$60.69M | -$45.24M | -$34.65M | -$34M | -$10M | -$17M |
| Cash at Beginning | $13.36M | $13.36M | $37.36M | $51.04M | $38.9M | $37.42M | $31.59M | $13.93M | $22.74M | $71.63M | $22.78M | $29.48M | $26.7M | $25.5M | $28.95M | $17.29M | $10.3M | $19.63M | $46.29M | $5.78M | $39.17M | $23.16M | $22.43M | $64.5M | $71.87M | $3.54M | $6.2M | $11.6M | $6M |
| Cash at End | $21.36M | $21.36M | $13.36M | $37.36M | $51.04M | $38.9M | $37.42M | $31.59M | $13.93M | $22.74M | $71.02M | $22.78M | $29.48M | $26.7M | $25.5M | $28.95M | $17.29M | $10.3M | $19.63M | $46.29M | $5.78M | $39.17M | $23.16M | $22.43M | $64.5M | $71.87M | $3.5M | $6.2M | $11.6M |