COMPUGEN LTD (CGEN)
Compugen Ltd., an Israeli-based company established in 1993 and headquartered in Holon, is a clinical-stage enterprise focused on the discovery, development, and commercialization of therapeutic and product candidates. Its operations extend across Israel, the United States, and Europe. The company’s core activities center around its immuno-oncology pipeline, which includes several investigational treatments: COM701, an anti-PVRIG antibody currently undergoing Phase I clinical studies for solid tumors. COM902, a therapeutic antibody designed to target TIGIT, which is also in Phase I clinical trials as a monotherapy for advanced malignancies. Bapotulimab, an antibody targeting ILDR2, presently in Phase I clinical development for solid tumor indications. AZD2936, an innovative bispecific antibody targeting both TIGIT and PD-1, advancing through Phase I/II clinical studies for patients with advanced or metastatic non-small cell lung cancer. Additionally, Compugen maintains earlier-stage immuno-oncology programs, with a particular emphasis on myeloid targets. To further its research and development, Compugen actively fosters strategic alliances. It has a collaboration agreement with Bayer Pharma AG for the research, development, and commercialization of antibody-based therapeutics that modulate immune checkpoint regulators. Another key partnership is with Bristol-Myers Squibb, aimed at evaluating the safety and tolerability of COM701 when administered alongside Bristol-Myers Squibb's PD-1 immune checkpoint inhibitor, Opdivo, in patients with advanced solid tumors. The company also collaborates with Johns Hopkins School of Medicine to investigate novel T cell and myeloid checkpoint targets, and has a distinct research collaboration with Johns Hopkins University specifically dedicated to myeloid science. Furthermore, Compugen holds a licensing agreement with AstraZeneca for the development of bi-specific and multi-specific immuno-oncology antibody products.
Sector: Biological Products, (No Diagnostic Substances)
Industry: Biotechnology
Compugen Ltd.
NASDAQ:CGENHealthcare · Biotechnology
-2.94%$1.98
AH$1.98+0.00%vs close
Mkt Cap$187.56M
Float94.61M
O/S94.73M
Vol
$ Vol
RVOL
Inst Own14.8%
SI2.7%
Earnings
Dilution
Financials Summary
Revenue$72.76M
Net Income$35.34M
Total Assets$156.87M
Free Cash Flow$31.33M
Debt & Equity
Debt 3%
Equity 97%
Total Debt$2.96M
Total Equity$102.73M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in CGEN's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$156.87M
Liabilities$54.14M
Accounts Receivable$294K
Accounts Payable$2.35M
Inventory$0
PP&E (Net)$3.2M
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 | FY 2002 | FY 2001 | FY 2000 | FY 1999 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Revenue | $72.76M | $27.86M | $33.46M | $7.5M | $6M | $2M | $0 | $17.8M | $0 | $712K | $9.28M | $12.37M | $3.55M | $242K | -$424K | $1.11M | $250K | $338K | $180K | $215K | $646K | $4.03M | $8.83M | $11.1M | $11.36M | $6.89M | $3.24M |
| YoY Growth | 161.1% | -16.7% | 346.1% | 25.0% | 200.0% | - | - | - | - | -92.3% | -25.0% | 248.5% | 1366.5% | -157.1% | -138.0% | 346.0% | -26.0% | 87.8% | -16.3% | -66.7% | -84.0% | -54.4% | -20.5% | -2.3% | 64.9% | 112.9% | - |
| Cost of Revenue | $9.25M | $7.93M | $2M | $975K | $680K | $60K | $989K | $1.03M | $1.59M | $223K | $1.63M | $3.34M | $2.51M | $201K | $424K | $224K | $0 | $7K | $0 | $6K | $148K | $1.1M | $2.27M | $2.82M | $3.46M | $478K | -$769K |
| Gross Profit | $63.51M | $19.93M | $31.45M | $6.53M | $5.32M | $1.94M | -$989K | $16.77M | -$1.59M | $489K | $7.64M | $9.02M | $1.04M | $41K | -$848K | $891K | $250K | $331K | $180K | $209K | $498K | $2.93M | $6.55M | $8.28M | $7.91M | $6.41M | $4.01M |
| Gross Margin | 87.3% | 71.5% | 94.0% | 87.0% | 88.7% | 97.0% | - | 94.2% | - | 68.7% | 82.4% | 73.0% | 29.3% | 16.9% | 200.0% | 79.9% | 100.0% | 97.9% | 100.0% | 97.2% | 77.1% | 72.7% | 74.2% | 74.6% | 69.6% | 93.1% | 123.8% |
| Research and Development | $22.76M | $24.81M | $34.47M | $30.65M | $28.69M | $22.76M | $19.82M | $30.32M | $28.58M | $24.55M | $21.25M | $15.07M | $12.28M | $9.44M | $6.78M | $5.23M | $5.05M | $8.74M | $8.39M | $9.81M | $10.47M | $12.32M | $13.31M | $14.17M | $15.98M | $12.17M | $6.68M |
| Selling, General, and Administrative | $9.43M | $10.02M | $9.97M | $11.25M | $11.7M | $10.68M | $9.06M | $9.68M | $8.82M | $8.52M | $7.32M | $6.29M | $5.81M | $4.14M | $5.2M | $3.54M | $2.83M | $4.5M | $4.25M | $4.39M | $4.91M | $6.19M | $7.46M | $9.15M | $10.95M | $9.18M | $4.32M |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $281K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.86M |
| Total Operating Expenses | $32.19M | $34.83M | $44.45M | $41.9M | $40.39M | $33.44M | $28.88M | $39.99M | $37.41M | $33.07M | $28.56M | $21.36M | $18.08M | $13.58M | $11.98M | $8.77M | $7.88M | $13.24M | $12.64M | $14.2M | $15.38M | $18.5M | $20.77M | $23.32M | $26.92M | $21.35M | $12.85M |
| Operating Income (EBIT) | $31.33M | -$14.89M | -$12.99M | -$35.37M | -$35.07M | -$31.5M | -$28.88M | -$23.23M | -$37.41M | -$32.58M | -$20.92M | -$12.34M | -$17.04M | -$13.54M | -$11.98M | -$7.88M | -$7.63M | -$12.91M | -$12.46M | -$13.99M | -$14.88M | -$15.58M | -$14.22M | -$15.04M | -$19.02M | -$16.18M | -$8.85M |
| Operating Margin | 43.1% | -53.4% | -38.8% | -471.7% | -584.6% | -1574.8% | - | -130.5% | - | -4576.3% | -225.5% | -99.8% | -480.2% | -5595.9% | 2825.2% | -706.5% | -3051.6% | -3820.1% | -6922.2% | -6508.4% | -2303.1% | -386.8% | -161.1% | -135.6% | -167.4% | -234.7% | -273.3% |
| Interest Expense | $0 | $34K | $31K | $27K | $25K | $42K | $32K | $620K | $508K | $705K | $755K | $330K | $141K | $240K | -$306K | $241K | $65K | $154K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $4.41M | $5.24M | $3.24M | $1.44M | $894K | $1.76M | $935K | $643K | $523K | $728K | $815K | $346K | $169K | $301K | $0 | $0 | $0 | $502K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $4.07M | $5.18M | $3.21M | $1.74M | $871K | $1.8M | $820K | $628K | $339K | $1.1M | $1.15M | $1.76M | $3.46M | -$86K | $0 | $675K | $3.79M | $401K | $1M | $1.94M | $900K | $1.85M | $2.77M | $2.84M | -$348K | $1.3M | -$18K |
| Income Before Tax (EBT) | $35.4M | -$9.71M | -$9.78M | -$33.64M | -$34.2M | -$29.7M | -$28.06M | -$22.6M | -$37.07M | -$31.49M | -$19.77M | -$10.73M | -$13.58M | -$13.63M | -$12M | -$7.44M | -$3.84M | -$12.51M | -$11.46M | -$13.88M | -$14.66M | -$15.14M | -$13.55M | -$13.4M | -$19.37M | -$14.87M | -$8.87M |
| Income Tax Expense | $54K | $4.52M | $8.97M | $58K | $0 | $0 | -$722K | $0 | $0 | $20K | $390K | $360K | $500K | $0 | $0 | -$1.35M | $0 | -$37K | $32K | -$1.08M | -$1.12M | -$2.29M | -$3.44M | -$2.84M | -$3.53M | -$1.59M | -$701K |
| Net Income | $35.34M | -$14.23M | -$18.75M | -$33.69M | -$34.2M | -$29.7M | -$27.34M | -$22.6M | -$37.07M | -$31.51M | -$20.16M | -$11.09M | -$14.08M | -$13.63M | -$12M | -$7.2M | -$3.83M | -$12.53M | -$12.11M | -$13.02M | -$13.98M | -$13.72M | -$11.44M | -$12.2M | -$15.14M | -$13.4M | -$8.13M |
| Net Income Margin | 48.6% | -51.1% | -56.1% | -449.3% | -570.0% | -1484.9% | - | -127.0% | - | -4425.0% | -217.3% | -89.7% | -396.8% | -5631.4% | 2831.1% | -646.0% | -1532.4% | -3706.2% | -6730.0% | -6055.8% | -2163.8% | -340.7% | -129.6% | -110.0% | -133.3% | -194.5% | -251.1% |
| Supplementary Data | |||||||||||||||||||||||||||
| EPS | 0.38 | -0.16 | -0.21 | -0.39 | -0.41 | -0.37 | -0.43 | -0.41 | -0.72 | -0.62 | -0.40 | -0.23 | -0.36 | -0.38 | -0.35 | -0.22 | -0.13 | -0.44 | -0.43 | -0.47 | -0.50 | -0.50 | -0.43 | -0.47 | -0.58 | -0.96 | -0.58 |
| Diluted EPS | 0.38 | -0.16 | -0.21 | -0.39 | -0.41 | -0.37 | -0.43 | -0.41 | -0.72 | -0.62 | -0.40 | -0.23 | -0.36 | -0.38 | -0.35 | -0.22 | -0.13 | -0.44 | -0.43 | -0.47 | -0.50 | -0.50 | -0.43 | -0.47 | -0.58 | -0.96 | -0.58 |
| Weighted Average OS | 93.43M | 89.53M | 87.63M | 86.56M | 84.20M | 79.59M | 63.64M | 55.28M | 51.18M | 50.86M | 50.44M | 47.81M | 38.87M | 35.84M | 34.28M | 33.28M | 28.61M | 28.43M | 28.27M | 27.99M | 27.77M | 27.47M | 26.41M | 26.10M | 26.01M | 13.91M | 14.10M |
| EBITDA | $35.87M | -$9.19M | -$9.28M | -$33.13M | -$33.72M | -$28.94M | -$27.04M | -$21.83M | -$35.46M | -$31.1M | -$19.81M | -$12.34M | -$17.04M | -$13.27M | -$11.81M | -$7.68M | -$7.37M | -$12.03M | -$11.83M | -$13.08M | -$12.49M | -$13.81M | -$12.2M | -$12.15M | -$14.74M | -$9.94M | -$6.99M |
| EBITDA Margin | 49.3% | -33.0% | -27.7% | -441.7% | -562.0% | -1447.0% | - | -122.7% | - | -4367.8% | -213.6% | -99.8% | -480.2% | -5482.6% | 2785.4% | -688.5% | -2946.0% | -3560.4% | -6570.6% | -6084.7% | -1933.7% | -343.0% | -138.3% | -109.5% | -129.8% | -144.3% | -215.9% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Assets | |||||||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||||||
| Cash and Cash Equivalents | $90.6M | $18.23M | $13.89M | $11.06M | $7.8M | $7.14M | $9.84M | $45.67M | $30.44M | $61.53M | $81.42M | $72.64M | $46.77M | $19.59M | $5.85M | $7.3M | $15.14M | $5.42M | $1.42M | $6.25M | $730K | $4.37M | $7.91M | $5.29M | $8.44M | $80.67M | $11.44M |
| Short-Term Investments | $55.04M | $85.03M | $36.8M | $72.29M | $109.25M | $116.62M | $34.04M | $0 | $0 | $0 | $426K | $1.05M | $4.57M | $5.2M | $16.52M | $14.52M | $0 | $5.92M | $13.78M | $19.15M | $30.26M | $16.21M | $8.8M | $12.92M | $9.24M | $0 | $0 |
| Cash and Short-Term Investments | $145.64M | $103.25M | $50.69M | $83.35M | $117.05M | $123.77M | $43.88M | $45.67M | $30.44M | $61.53M | $81.85M | $73.7M | $51.33M | $24.79M | $22.37M | $21.82M | $15.14M | $11.34M | $15.2M | $25.4M | $30.99M | $20.57M | $16.71M | $18.21M | $17.68M | $80.67M | $11.44M |
| Accounts Receivable | $294K | $269K | $61.32M | $317K | $188K | $2M | $341K | $167K | $51K | $82K | $8.43M | $357K | $1.24M | $174K | $318K | $5.57M | $8.51M | $572K | $375K | $285K | $427K | $989K | $573K | $4.58M | $2.95M | $2.68M | $710K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.34M | -$1.74M | -$2.06M | -$1.8M | -$1.04M | -$646K | -$516K | -$22.28M | $0 | -$14.98M | -$11.93M | $263K | $0 | $1.08M | $556K | $554K | $111K | $343K | $385K | $380K |
| Other Current Assets | $0 | $0 | $365K | $362K | $713K | $721K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $136K | $8.45M | $21K | $406K | $716K | $0 | $0 | $274K | $30.2M | $14.67M | $10M | $0 |
| Total Current Assets | $148.02M | $106M | $114.58M | $86.13M | $123.22M | $129.09M | $45M | $46.58M | $31.18M | $62.68M | $91M | $74.96M | $53.22M | $25.57M | $23.01M | $28.08M | $24.31M | $8.25M | $16.24M | $26.26M | $32.5M | $22.12M | $18.11M | $53.09M | $35.64M | $93.74M | $12.53M |
| Long-Term Assets | |||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $3.2M | $3.69M | $2.54M | $3.36M | $3.9M | $4.48M | $5.58M | $3.37M | $4.65M | $5.96M | $6.03M | $2.73M | $1.21M | $1.25M | $497K | $580K | $735K | $1.06M | $1.42M | $2.18M | $3.02M | $3.74M | $3.94M | $3.8M | $4.27M | $3.19M | $2.4M |
| Goodwill | $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 |
| Intangible 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 |
| Long-Term Investments | $410K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $69.57M | $35.03M | $18.02M | $59K | $4.09M | $7.8M | $5.14M | $3.86M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $303K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $4.94M | $5.3M | $4.21M | $4.69M | $5.04M | $4.74M | $3.18M | $3.23M | $2.92M | $2.49M | -$67.29M | $2.13M | -$15.73M | $2.03M | $1.48M | $0 | $0 | $1.08M | $4M | $2.42M | $6.59M | $29.5M | $45.48M | $20.36M | $47.38M | $941K | $595K |
| Total Long-Term Assets | $8.85M | $9M | $6.75M | $8.05M | $8.94M | $9.23M | $8.76M | $6.6M | $7.57M | $8.46M | $8.31M | $39.89M | $3.5M | $3.34M | $6.07M | $8.38M | $5.88M | $6M | $5.42M | $4.6M | $9.61M | $33.23M | $49.42M | $24.16M | $51.65M | $4.13M | $2.99M |
| 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 |
| Total Assets | $156.87M | $115M | $121.33M | $94.18M | $132.16M | $138.32M | $53.76M | $53.18M | $38.75M | $71.14M | $99.31M | $114.84M | $56.71M | $28.91M | $29.08M | $36.46M | $30.18M | $14.24M | $21.67M | $30.86M | $42.11M | $55.35M | $67.53M | $77.26M | $87.29M | $97.87M | $15.52M |
| Liabilities | |||||||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||||||
| Accounts Payable | $2.35M | $1.84M | $3.5M | $1.77M | $4.62M | $1.41M | $1.09M | $2.95M | $3.44M | $1.27M | $2M | $1.49M | $693K | $443K | $248K | $507K | $199K | $472K | $881K | $803K | $1.09M | $1.43M | $1.58M | $4.95M | $2.27M | $1.25M | $1.64M |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $600K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $234K | $0 | $4K | $1.36M | $289K | $120K | $0 | $374K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $10.97M | $9.63M | $11.15M | $0 | $0 | $0 | $774K | $1.09M | $312K | $0 | $312K | $1.79M | $5.32M | $0 | $0 | $0 | $113K | $100K | $150K | $75K | $200K | $276K | $1.57M | $1.59M | $960K | $1.19M | $0 |
| Other Current Liabilities | $3.05M | $3.07M | $3.13M | $3.14M | $6.93M | $668K | $1.71M | $3.45M | $1.08M | $2.07M | $3.03M | $2.07M | $1.1M | $499K | $853K | $793K | $1.16M | $2.42M | $529K | $512K | $1.41M | $1.26M | $0 | $0 | $0 | $0 | $469K |
| Total Current Liabilities | $22.57M | $20.16M | $26.27M | $11.92M | $17.1M | $10.52M | $6.82M | $9.99M | $6.19M | $4.74M | $6.85M | $6.59M | $7.74M | $1.38M | $1.71M | $2.44M | $1.47M | $2.99M | $2.9M | $2.95M | $3.67M | $3.38M | $5.2M | $6.54M | $5.85M | $4.3M | $2.11M |
| Long-Term Liabilities | |||||||||||||||||||||||||||
| Long-Term Debt | $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 |
| Long-Term Unearned Revenue | $24.94M | $34.05M | $25.39M | $0 | $0 | $0 | $2.69M | $3M | $0 | $0 | $0 | $0 | $1.45M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $303K | $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 | $625K |
| Other Long-Term Liabilities | $3.89M | $3.41M | $3.4M | $3.27M | $6.39M | $5.48M | $2.95M | $2.94M | $3.25M | $2.88M | $2.56M | $2.28M | $15.63M | $9.85M | $7.79M | $5.73M | $1.32M | $1.25M | $1.49M | $2.17M | $2.19M | $2.4M | $2.52M | $1.83M | $1.38M | $1.06M | $0 |
| Total Long-Term Liabilities | $31.57M | $39.92M | $29.51M | $4.58M | $8.37M | $8.01M | $8.62M | $5.95M | $3.25M | $2.88M | $2.56M | $2.28M | $17.08M | $9.85M | $7.79M | $5.73M | $1.32M | $1.25M | $1.49M | $2.17M | $2.19M | $2.4M | $2.52M | $1.83M | $1.38M | $1.06M | $625K |
| 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 |
| Total Liabilities | $54.14M | $60.08M | $55.77M | $16.5M | $25.47M | $18.53M | $15.44M | $15.94M | $9.45M | $7.62M | $9.41M | $8.87M | $24.82M | $11.24M | $9.5M | $8.17M | $2.79M | $4.24M | $4.38M | $5.12M | $5.86M | $5.79M | $7.72M | $8.38M | $7.23M | $5.36M | $2.73M |
| 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 | $0 | $0 | $0 | $0 | $22K |
| Common Stock | $262K | $248K | $247K | $240K | $239K | $231K | $187K | $164K | $140K | $140K | $138K | $137K | $111K | $99K | $94K | $92K | $88K | $77K | $77K | $76K | $75K | $74K | $72K | $71K | $71K | $71K | $20K |
| Retained Earnings | -$453.42M | -$488.76M | -$474.53M | -$455.77M | -$422.08M | -$387.88M | -$358.18M | -$330.84M | -$308.24M | -$270.96M | -$239.46M | -$219.3M | -$208.2M | -$194.12M | -$180.49M | -$168.49M | -$161.28M | -$157.45M | -$144.93M | -$132.75M | -$119.73M | -$105.76M | -$92.03M | -$80.59M | -$68.39M | -$53.24M | -$14.92M |
| Comprehensive Income & Other | $8K | $11K | $2K | $0 | $0 | -$0 | $0 | $0 | $17K | $7K | $421K | $1.22M | $4.63M | $5.37M | $4.26M | $6.41M | $4.07M | $4.2M | $976K | -$7.47M | -$16K | -$196K | -$501K | -$580K | -$2.04M | -$4.7M | -$3.77M |
| Other Stockholders' Equity | $555.88M | $543.42M | $539.84M | $533.21M | $528.53M | $507.43M | $396.31M | $367.92M | $337.4M | $334.34M | $329.22M | $325.13M | $239.98M | $211.69M | $199.98M | $196.68M | $188.59M | $167.38M | $162.13M | $158.42M | $155.91M | $155.25M | $151.77M | $149.4M | $148.38M | $145.68M | $27.68M |
| Total Equity | $102.73M | $54.91M | $65.56M | $77.68M | $106.69M | $119.78M | $38.32M | $37.24M | $29.3M | $63.52M | $89.9M | $105.97M | $31.89M | $17.67M | $19.58M | $28.29M | $27.4M | $10M | $17.29M | $25.74M | $36.25M | $49.57M | $59.81M | $68.88M | $80.06M | $92.51M | $12.79M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $156.87M | $115M | $121.33M | $94.18M | $132.16M | $138.32M | $53.76M | $53.18M | $38.75M | $71.14M | $99.31M | $114.84M | $56.71M | $28.91M | $29.08M | $36.46M | $30.18M | $14.24M | $21.67M | $30.86M | $42.11M | $55.35M | $67.53M | $77.26M | $87.29M | $97.87M | $15.52M |
| Supplementary Data | |||||||||||||||||||||||||||
| Total Debt | $2.96M | $2.91M | $1.35M | $1.93M | $2.75M | $3.17M | $3.58M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Debt | -$87.64M | -$15.32M | -$12.54M | -$9.13M | -$5.05M | -$3.98M | -$6.26M | -$45.67M | -$30.44M | -$61.53M | -$81.42M | -$72.64M | -$46.77M | -$19.59M | -$5.85M | -$7.3M | -$15.14M | -$5.42M | -$1.42M | -$6.25M | -$730K | -$4.37M | -$7.91M | -$5.29M | -$8.44M | -$80.67M | -$11.44M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Operating Activities | |||||||||||||||||||||||||||
| Net Income | $35.34M | -$14.23M | -$18.75M | -$33.69M | -$34.2M | -$29.7M | -$27.34M | -$22.6M | -$37.07M | -$31.51M | -$20.16M | -$11.09M | -$14.08M | -$13.63M | -$12M | -$7.2M | -$3.84M | -$12.51M | -$12.11M | -$13.02M | -$13.98M | -$13.72M | -$11.44M | -$12.2M | -$15.14M | -$13.4M | -$8.13M |
| Depreciation & Amortization | $475K | $486K | $476K | $482K | $461K | $715K | $989K | $1.39M | $1.59M | $1.48M | $1.11M | $658K | $370K | $299K | $179K | $201K | $264K | $477K | $633K | $996K | $2.39M | $1.76M | $2.67M | $2.9M | $4.28M | $4.99M | $1.86M |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | -$12K | -$135K | $52K | $0 | -$383K | -$279K | -$2.67M | -$2.94M | $643K | -$126K | -$419K | -$3.85M | $117K | $0 | $0 | $0 | -$786K | -$786K | -$2.59M | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $3.02M | $3.55M | $4.33M | $4.28M | $2.77M | $2.41M | $2.17M | $2.63M | $3.08M | $3.77M | $3.63M | $3.54M | $2.47M | $3.4M | $2.34M | $1.53M | $1.8M | $0 | $0 | $0 | $786K | $786K | $2.59M | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||||||
| Accounts Receivable | $360K | $59.93M | -$61.11M | $2.46M | -$333K | -$2M | -$142K | -$179K | $422K | $7.8M | -$7.8M | $1.03M | -$1.1M | -$112K | $43K | -$21K | $58K | $222K | $0 | $0 | $0 | $1.61M | $1.61M | $81K | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | -$3.82M | $3.5M | -$954K | $247K | $518K | -$1.17M | $152K | $202K | $0 | $734K | $213K | $0 | $0 | $0 | $0 | $0 | $80K | $80K | $23K | $42K | -$5K | $165K |
| Accounts Payable | $517K | -$4.41M | $3.51M | -$1.6M | $3.37M | $3.82M | -$3.5M | $2.69M | $1.56M | -$605K | $823K | $1.67M | $1.04M | -$86K | -$734K | $562K | -$1.53M | $0 | $0 | $0 | $0 | -$796K | -$796K | $1.77M | $0 | $0 | $0 |
| Other Working Capital | -$6.22M | $6.53M | $36.9M | -$6.41M | $3.79M | -$281K | -$3.65M | $4.09M | -$18K | -$312K | -$1.48M | -$4.98M | $6.77M | -$301K | -$734K | -$113K | $13K | -$151K | $0 | $0 | $0 | -$2.8M | $1.57M | -$2.58M | $1.28M | $225K | -$822K |
| Total Working Capital Change | -$5.35M | $62.05M | -$20.71M | -$5.55M | $6.82M | -$2.28M | -$3.79M | $5.65M | $2.21M | $7.4M | -$9.62M | -$2.13M | $6.91M | -$499K | -$691K | $641K | -$1.46M | $71K | -$370K | -$181K | $287K | -$1.9M | $2.47M | -$702K | $1.32M | $220K | -$657K |
| Other Non-Cash Items | $1.16M | -$1.72M | -$452K | $324K | -$45K | $184K | -$22K | $46K | -$33K | $101K | -$421K | $455K | -$230K | -$130K | -$7K | $164K | -$88K | $31K | $3.44M | $2.27M | $197K | $1.66M | $723K | $932K | $54K | $2.05M | $1.16M |
| Net Cash from Operating | $31.63M | $49.6M | -$35.89M | -$34.11M | -$22.69M | -$28.32M | -$27.89M | -$13.29M | -$30.66M | -$19.82M | -$25.61M | -$11.15M | -$6.44M | -$10.85M | -$9.25M | -$4.28M | -$7.45M | -$10.01M | -$8.41M | -$9.93M | -$11.11M | -$12.2M | -$5.57M | -$9.08M | -$9.5M | -$6.14M | -$5.76M |
| Investing Activities | |||||||||||||||||||||||||||
| Capital Expenditures | -$306K | -$118K | -$172K | -$487K | -$292K | -$166K | -$155K | -$158K | -$385K | -$2.6M | -$3.12M | -$1.9M | -$328K | -$1M | -$96K | -$46K | -$48K | -$120K | -$205K | -$161K | -$862K | -$1.44M | -$2.33M | -$1.43M | -$2.77M | -$2.03M | -$1.8M |
| Acquisitions | $1K | $0 | $0 | $0 | $0 | $44K | $382K | $2K | -$46.66M | $0 | $423K | $2.31M | $3.6M | $0 | $232K | $25K | $185K | $0 | $1K | $82K | $0 | $0 | $30.2M | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$96.07M | -$159.75M | -$53.7M | -$76.9M | -$129.94M | -$152.35M | -$54.3M | -$62.4M | -$24.9M | -$50.56M | -$34M | -$82.03M | -$18.02M | -$3.21M | -$16.52M | -$14.52M | -$500K | -$8K | -$4.82M | -$3.24M | $0 | -$8.19M | -$39.65M | -$15.93M | -$29.44M | -$10M | $0 |
| Sales of Investments | $126.37M | $113.95M | $89.39M | $114.44M | $136.85M | $70.3M | $59.4M | $27.4M | $71.56M | $69.37M | $47M | $18.02M | $3.21M | $16.52M | $14.52M | $924K | $6.19M | $13.23M | $8.18M | $22.3M | $15.51M | $15.57M | $17.91M | $23.14M | $0 | $0 | $0 |
| Other Investing Activities | $0 | -$329K | $0 | $2K | $3K | $0 | $0 | $2K | $46.66M | $84K | -$534K | -$491K | -$50K | -$42K | $639K | -$47K | -$96K | $14K | $7K | -$11.96M | $409K | -$7K | -$1.28M | -$19K | -$30.64M | -$32K | -$3K |
| Net Cash from Investing | $30M | -$46.25M | $35.51M | $37.06M | $6.62M | -$82.17M | $5.33M | -$35.16M | $46.27M | $16.29M | $9.77M | -$64.09M | -$11.57M | $12.26M | -$1.23M | -$13.67M | $5.73M | $13.12M | $3.16M | $7.03M | $15.06M | $5.93M | $4.85M | $5.77M | -$62.84M | -$12.07M | -$1.8M |
| Financing Activities | |||||||||||||||||||||||||||
| Debt Repaid | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -$2.04M | - | - | - | $958K |
| Common Stock Issuance | $10.61M | $544K | $3.08M | $353K | $16.84M | $74.15M | $22.76M | $27.71M | $201K | $2.46M | $972K | $70.72M | $19.76M | $6.21M | $0 | $7.79M | $12.01M | $0 | $295K | $665K | $178K | $2.73M | $1.31M | $161K | $104K | $87.45M | $19K |
| Common Stock Repurchases | $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 |
| 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 | $0 |
| Other Financing Activities | -$4K | $10K | $0 | $0 | $0 | $34.32M | $3.17M | $685K | $201K | $2.46M | $972K | $1.41M | $10.63M | $2.9M | $9.02M | $2.32M | $196K | $295K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Financing | $10.6M | $554K | $3.08M | $353K | $16.84M | $108.46M | $25.93M | $28.4M | $201K | $2.46M | $972K | $72.13M | $30.39M | $9.11M | $9.02M | $10.11M | $12.21M | $295K | $295K | $665K | $178K | $2.73M | $3.34M | $161K | $104K | $87.45M | -$939K |
| Forex Effect | $135K | $68K | $129K | -$393K | -$59K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$52K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $72.37M | $3.97M | $2.83M | $2.91M | $704K | -$2.03M | $3.37M | -$20.05M | $15.82M | -$1.07M | -$14.87M | -$3.11M | $12.38M | $10.53M | -$1.45M | -$7.84M | $10.49M | $3.35M | -$4.95M | -$2.24M | $4.13M | -$3.54M | $2.62M | -$3.15M | -$72.24M | $69.24M | -$8.51M |
| Supplementary Data | |||||||||||||||||||||||||||
| Operating Cash Flow | $31.63M | $49.6M | -$35.89M | -$34.11M | -$22.69M | -$28.32M | -$27.89M | -$13.29M | -$30.66M | -$19.82M | -$25.61M | -$11.15M | -$6.44M | -$10.85M | -$9.25M | -$4.28M | -$7.45M | -$10.01M | -$8.41M | -$9.93M | -$11.11M | -$12.2M | -$5.57M | -$9.08M | -$9.5M | -$6.14M | -$5.76M |
| Capital Expenditure | -$306K | -$118K | -$172K | -$487K | -$292K | -$166K | -$155K | -$158K | -$385K | -$2.6M | -$3.12M | -$1.9M | -$328K | -$1M | -$96K | -$46K | -$48K | -$120K | -$205K | -$161K | -$862K | -$1.44M | -$2.33M | -$1.43M | -$2.77M | -$2.03M | -$1.8M |
| Free Cash Flow | $31.33M | $49.49M | -$36.06M | -$34.6M | -$22.98M | -$28.49M | -$28.04M | -$13.45M | -$31.04M | -$22.42M | -$28.73M | -$13.04M | -$6.77M | -$11.85M | -$9.35M | -$4.33M | -$7.5M | -$10.13M | -$8.61M | -$10.09M | -$11.97M | -$13.64M | -$7.9M | -$10.5M | -$12.26M | -$8.18M | -$7.56M |
| Cash at Beginning | $18.23M | $14.26M | $11.42M | $8.51M | $7.81M | $9.84M | $6.47M | $26.52M | $10.7M | $10.78M | $25.64M | $28.75M | $16.37M | $5.85M | $7.3M | $15.14M | $4.65M | $1.3M | $6.25M | $8.49M | $4.37M | $7.91M | $5.29M | $8.44M | $80.67M | $11.44M | $19.94M |
| Cash at End | $90.6M | $18.23M | $14.26M | $11.42M | $8.51M | $7.81M | $9.84M | $6.47M | $26.52M | $9.71M | $10.78M | $25.64M | $28.75M | $16.37M | $5.85M | $7.3M | $15.14M | $4.65M | $1.3M | $6.25M | $8.49M | $4.37M | $7.91M | $5.29M | $8.44M | $80.67M | $11.44M |