CorMedix Inc. (CRMD)
CorMedix Inc. is a biopharmaceutical company engaged in the development and commercialization of medical treatments for the prevention and care of infectious and inflammatory conditions, serving markets both in the United States and internationally. Its leading product candidate, DefenCath/Neutrolin, represents a novel anti-infective solution. This treatment aims to diminish and avert catheter-related infections and blood clots in patients who utilize central venous catheters for medical procedures such as hemodialysis, total parenteral nutrition, and oncology care. Incorporated in 2006, the company initially operated as Picton Holding Company, Inc. until officially adopting the name CorMedix Inc. in January 2007. Its corporate headquarters are located in Berkeley Heights, New Jersey.
Sector: Pharmaceutical Preparations
Industry: Biotechnology
CorMedix Inc.
NASDAQ:CRMDHealthcare · Biotechnology
-3.09%$7.85
AH Close$7.75-1.27%vs close
AH Close$7.75-1.27%vs close
Mkt Cap$611.86M
Float70.49M
O/S77.94M
Inst Own56.6%
SI21.9%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$311.71M
Net Income$163.06M
Total Assets$826.14M
Free Cash Flow$172.79M
Debt & Equity
Debt 27%
Equity 73%
Total Debt$148.91M
Total Equity$405.31M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:5Reverse splitMar 26, 20195 shares → 1
Balance Sheet Details
Assets$826.14M
Liabilities$420.83M
Accounts Receivable$171.23M
Accounts Payable$7.88M
Inventory$29.72M
PP&E (Net)$9.93M
Goodwill$30M
Intangible Assets$379.07M
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Revenue | $311.71M | $43.47M | $0 | $65K | $191K | $239K | $283K | $430K | $329K | $224K | $210K | $189K | $2K | $0 | $0 | $0 | $0 | $0 |
| YoY Growth | 617.0% | - | - | -65.7% | -20.2% | -15.5% | -34.1% | 30.5% | 47.0% | 6.7% | 11.0% | 9363.7% | - | - | - | - | - | - |
| Cost of Revenue | $35.96M | $3.19M | $206K | $4K | $149K | $205K | $373K | $397K | $115K | $367K | $319K | $446K | $202K | $0 | $0 | $0 | $0 | $1.04M |
| Gross Profit | $275.75M | $40.28M | -$206K | $62K | $42K | $34K | -$90K | $33K | $214K | -$143K | -$109K | -$257K | -$200K | $0 | $0 | $0 | $0 | -$1.04M |
| Gross Margin | 88.5% | 92.7% | - | 94.3% | 22.0% | 14.4% | -31.8% | 7.7% | 65.1% | -63.6% | -51.7% | -135.5% | -9980.2% | - | - | - | - | - |
| Research and Development | $19.33M | $3.94M | $13.16M | $10.68M | $13.13M | $13.38M | $11.05M | $18.82M | $24.49M | $15.74M | $6.28M | $1.32M | $1.23M | $1.19M | $4.1M | $5.49M | $4.89M | $3.08M |
| Selling, General, and Administrative | $30.17M | $58.7M | $35.8M | $20.01M | $16.35M | $13.88M | $0 | $8.07M | $8.65M | $8.88M | $10.26M | $7.33M | $3.49M | $1.86M | $3.15M | $3.01M | $1.17M | $692K |
| Other | $76.11M | $0 | $0 | $0 | $0 | $0 | $9.87M | $0 | $0 | $0 | $0 | $0 | -$5K | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $125.61M | $62.64M | $48.75M | $30.69M | $29.48M | $27.26M | $20.92M | $26.9M | $33.14M | $24.62M | $16.55M | $8.65M | $4.72M | $3.04M | $7.25M | $8.51M | $6.06M | $3.77M |
| Operating Income (EBIT) | $150.14M | -$22.36M | -$48.96M | -$30.62M | -$29.44M | -$27.22M | -$21.01M | -$26.86M | -$32.92M | -$24.76M | -$16.65M | -$8.9M | -$4.92M | -$3.04M | -$7.25M | -$8.51M | -$6.06M | -$4.82M |
| Operating Margin | 48.2% | -51.4% | - | -46819.9% | -15417.5% | -11378.4% | -7416.3% | -6250.4% | -9997.4% | -11048.8% | -7925.6% | -4703.3% | -245769.8% | - | - | - | - | - |
| Interest Expense | $2.78M | $36K | $34K | $27K | $16K | $33K | $787K | $2K | $6K | $1K | $4K | $2K | $1.44M | $383K | $12K | $3.09M | $2.07M | $4.21M |
| Interest Income | $3.85M | $2.58M | $2.68M | $326K | $14K | $116K | $323K | $37K | $111K | $127K | $60K | $3K | $668 | $2K | $12K | $23K | $2K | $26K |
| Other Income (Expense) | -$125K | $3.03M | $2.62M | $337K | -$23K | $24K | $9.64M | $35K | -$86K | $117K | -$1.53M | -$11.55M | -$4.22M | -$381K | $42K | -$2.68M | -$2.07M | -$4.18M |
| Income Before Tax (EBT) | $150.02M | -$19.32M | -$46.34M | -$30.29M | -$29.46M | -$27.2M | -$11.37M | -$26.83M | -$33.01M | -$24.64M | -$18.19M | -$20.45M | -$9.13M | -$3.43M | -$7.21M | -$11.19M | -$8.12M | -$9M |
| Income Tax Expense | -$13.04M | -$1.39M | $0 | -$586K | -$1.25M | -$5.17M | $5.06M | $36K | -$31K | $1K | $4K | $2K | $0 | $2K | -$494K | -$281K | $2K | $0 |
| Net Income | $163.06M | -$17.93M | -$46.34M | -$29.7M | -$28.21M | -$22.03M | -$16.43M | -$26.83M | -$33.01M | -$24.64M | -$18.19M | -$20.45M | -$9.13M | -$3.43M | -$6.71M | -$10.91M | -$8.12M | -$9M |
| Net Income Margin | 52.3% | -41.2% | - | -45409.9% | -14774.7% | -9207.7% | -5801.3% | -6242.4% | -10023.4% | -10996.5% | -8655.4% | -10806.3% | -456654.9% | - | - | - | - | - |
| Supplementary Data | ||||||||||||||||||
| EPS | 2.25 | -0.30 | -0.91 | -0.74 | -0.75 | -0.77 | -0.68 | -1.51 | -2.99 | -3.25 | -2.90 | -4.77 | -3.30 | -1.50 | -2.94 | -5.76 | -47.40 | -53.42 |
| Diluted EPS | 2.04 | -0.30 | -0.91 | -0.74 | -0.75 | -0.77 | -0.68 | -1.51 | -2.99 | -3.25 | -2.90 | -4.77 | -3.30 | -1.50 | -2.94 | -5.76 | -47.40 | -53.42 |
| Weighted Average OS | 72.03M | 58.87M | 50.90M | 40.14M | 37.61M | 28.56M | 24.15M | 17.82M | 11.03M | 7.59M | 6.27M | 4.29M | 2.76M | 2.28M | 2.28M | 1.89M | 171,329 | 168,429 |
| EBITDA | $167.35M | -$18.98M | -$46.23M | -$30.18M | -$29.38M | -$27.04M | -$20.93M | -$26.75M | -$32.97M | -$24.62M | -$18.17M | -$20.44M | -$7.68M | -$3.04M | -$7.19M | -$8.47M | -$6.04M | -$3.75M |
| EBITDA Margin | 53.7% | -43.7% | - | -46135.3% | -15388.7% | -11301.2% | -7390.4% | -6224.7% | -10012.2% | -10985.0% | -8646.3% | -10797.2% | -384177.4% | - | - | - | - | - |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Assets | ||||||||||||||||||
| Current Assets | ||||||||||||||||||
| Cash and Cash Equivalents | $145.82M | $40.65M | $43.64M | $43.37M | $53.32M | $41.91M | $16.53M | $17.62M | $10.38M | $8.06M | $11.82M | $4.34M | $2.37M | $835K | $1.99M | $8.28M | $1.51M | $1.38M |
| Short-Term Investments | $3.69M | $11.04M | $32.39M | $15.64M | $12.15M | $4.44M | $11.98M | $0 | $1.6M | $12.1M | $23.57M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $149.52M | $51.69M | $76.03M | $59.02M | $65.47M | $46.35M | $28.51M | $17.62M | $11.98M | $20.17M | $35.39M | $4.34M | $2.37M | $835K | $1.99M | $8.28M | $1.51M | $1.38M |
| Accounts Receivable | $171.23M | $51.65M | $0 | $0 | $45K | $3K | $0 | $11K | $64K | $12K | $316K | $80K | $2K | $0 | $494K | $0 | $0 | $0 |
| Inventory | $29.72M | $7.6M | $2.11M | $0 | $3K | $144K | $338K | $429K | $594K | $167K | $377K | $463K | $80K | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $8.52M | $3.48M | $960K | -$91K | $902K | $274K | $55K | $180K | $258K | $1.12M | $602K | $0 | $227K | $0 | $0 | $0 | $0 | $5K |
| Total Current Assets | $367.05M | $114.58M | $79.45M | $59.55M | $66.47M | $48.18M | $29.35M | $18.67M | $13.27M | $21.83M | $37.06M | $5.04M | $2.92M | $1.14M | $2.53M | $8.81M | $1.68M | $1.38M |
| Long-Term Assets | ||||||||||||||||||
| Property, Plant & Equipment Net | $9.93M | $2.32M | $2.51M | $2.38M | $2.37M | $1.13M | $127K | $161K | $186K | $70K | $38K | $41K | $36K | $5K | $12K | $22K | $24K | $34K |
| Goodwill | $30M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $379.07M | $1.84M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $10.36M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $13K | $12K | $0 |
| Deferred Tax Assets | $16.28M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $14.4M | $105K | $103K | $102K | $102K | $0 | $0 | $0 | $0 | $5K | $5K | $18K | $16K | $13K | $13K | $0 | $507K | $202K |
| Total Long-Term Assets | $459.09M | $4.27M | $2.61M | $2.49M | $2.48M | $1.13M | $127K | $161K | $186K | $75K | $43K | $60K | $52K | $18K | $25K | $36K | $542K | $236K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $826.14M | $118.85M | $82.06M | $62.04M | $68.95M | $49.31M | $29.48M | $18.83M | $13.45M | $21.91M | $37.1M | $5.1M | $2.97M | $1.15M | $2.56M | $8.85M | $2.23M | $1.62M |
| Liabilities | ||||||||||||||||||
| Current Liabilities | ||||||||||||||||||
| Accounts Payable | $7.88M | $1.72M | $4.28M | $2.2M | $2.21M | $1.13M | $1.02M | $2.59M | $1.81M | $1.65M | $1.71M | $893K | $940K | $929K | $913K | $1.14M | $550K | $822K |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $270K | $0 | $0 | $13.77M | $11.65M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2K | $67K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $2K | $11K | $88K | $104K | $130K | $9K | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $5.31M | $0 | $0 | $0 | $0 | $0 | $3.51M | $4.06M | $3.61M | $0 | $0 | $508K | $536K | $140K | $95K | $0 | $0 | $1.17M |
| Total Current Liabilities | $174.27M | $33.84M | $11.4M | $6.31M | $5.35M | $4.16M | $5.83M | $7.77M | $6.26M | $4.09M | $3.06M | $1.43M | $1.67M | $1.62M | $1.31M | $1.58M | $16.93M | $13.65M |
| Long-Term Liabilities | ||||||||||||||||||
| Long-Term Debt | $144.63M | $0 | $0 | $0 | $0 | $0 | $0 | $6.13M | $0 | $0 | $0 | $0 | $0 | $16K | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $29K | $38K | $0 | $0 | $0 | $17K | $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 |
| Other Long-Term Liabilities | $99.1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $403 | $5.32M | -$4K | $14K | $0 | $0 | $0 |
| Total Long-Term Liabilities | $246.57M | $349K | $517K | $668K | $802K | $924K | $3K | $6.13M | $0 | $0 | $29K | $38K | $5.32M | $12K | $14K | $17K | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $420.83M | $34.19M | $11.92M | $6.98M | $6.15M | $5.09M | $5.83M | $13.89M | $6.26M | $4.09M | $3.09M | $1.46M | $6.99M | $1.63M | $1.32M | $1.59M | $16.93M | $13.65M |
| Stockholders' Equity | ||||||||||||||||||
| Preferred Stock | $0 | $137 | $182 | $182 | $182 | $242 | $242 | $420 | $420 | $450 | $450 | $950 | $857 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $79K | $64K | $55K | $43K | $38K | $34K | $26K | $109K | $71K | $40K | $36K | $22K | $17K | $11K | $11K | $11K | $981 | $2K |
| Retained Earnings | -$176.57M | -$339.63M | -$321.7M | -$275.36M | -$245.66M | -$217.45M | -$195.42M | -$178.99M | -$152.17M | -$119.16M | -$94.39M | -$76.2M | -$55.75M | -$46.37M | -$42.95M | -$36.24M | -$25.33M | -$17.21M |
| Comprehensive Income & Other | $3K | $91K | $94K | $83K | $87K | $102K | $97K | $97K | $98K | $81K | $62K | $99K | -$9K | -$57K | $0 | -$38K | -$26K | -$1K |
| Other Stockholders' Equity | $581.8M | $424.22M | $391.79M | $330.38M | $308.42M | $261.64M | -$26K | -$109K | -$71K | $136.94M | $128.37M | $79.82M | $51.71M | $45.89M | $44.17M | $43.48M | $10.62M | $5.18M |
| Total Equity | $405.31M | $84.66M | $70.14M | $55.06M | $62.8M | $44.22M | -$195.42M | -$178.99M | -$152.17M | $17.81M | $34.01M | $3.63M | -$4.02M | -$475K | $1.24M | $7.26M | -$14.71M | -$12.03M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $826.14M | $118.85M | $82.06M | $62.04M | $68.95M | $49.31M | -$189.59M | -$165.1M | -$145.91M | $21.91M | $37.1M | $5.1M | $2.97M | $1.15M | $2.56M | $8.85M | $2.23M | $1.62M |
| Supplementary Data | ||||||||||||||||||
| Total Debt | $148.91M | $517K | $668K | $802K | $924K | $1.03M | $5K | $6.13M | $0 | $0 | $0 | $0 | $0 | $270K | $0 | $0 | $13.77M | $11.65M |
| Net Debt | $3.09M | -$40.13M | -$42.98M | -$42.57M | -$52.39M | -$40.87M | -$16.52M | -$11.5M | -$10.38M | -$8.06M | -$11.82M | -$4.34M | -$2.37M | -$566K | -$1.99M | -$8.28M | $12.26M | $10.27M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Operating Activities | ||||||||||||||||||
| Net Income | $163.06M | -$17.93M | -$46.34M | -$29.7M | -$28.21M | -$22.03M | -$16.43M | -$26.83M | -$33.01M | -$24.64M | -$18.19M | -$20.45M | -$9.13M | -$3.43M | -$6.71M | -$10.91M | -$8.12M | -$9M |
| Depreciation & Amortization | $14.55M | $310K | $71K | $85K | $62K | $128K | $73K | $74K | $37K | $26K | $15K | $15K | $5K | $7K | $12K | $12K | $10K | $1.04M |
| Deferred Income Tax | -$25.8M | $0 | $0 | $0 | $0 | $0 | -$579K | -$3.13M | -$4.57M | $0 | $0 | $9.17M | $1.54M | $0 | $0 | $1.49M | $693K | $0 |
| Stock-Based Compensation | $13.83M | $6.13M | $5.49M | $4.07M | $5.04M | $2.5M | $2.44M | $1.11M | $1.66M | $1.34M | $3.23M | $2.17M | $1.35M | $274K | $692K | $1.17M | $114K | $0 |
| Changes in Working Capital: | ||||||||||||||||||
| Accounts Receivable | -$90.92M | -$51.79M | $0 | $42K | -$44K | -$3K | $11K | $52K | -$48K | $308K | -$248K | -$85K | -$2K | $0 | $0 | $0 | $0 | $0 |
| Inventory | -$3.48M | -$5.49M | -$2.11M | $3K | $145K | $150K | $59K | $166K | -$100K | $80K | -$39K | -$558K | -$80K | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $3.33M | -$2.56M | $2.08M | -$7K | $1.08M | $103K | -$1.56M | $782K | $158K | -$64K | $825K | $8K | $11K | -$16K | -$131K | $590K | -$64K | -$390K |
| Other Working Capital | $98.4M | $20.43M | $2.26M | $1.03M | $652K | -$2.9M | -$439K | $944K | $2.87M | $563K | $60K | $858K | $28K | $528K | -$159K | $26K | -$238K | $439K |
| Total Working Capital Change | $7.33M | -$39.41M | $2.23M | $1.07M | $1.84M | -$2.65M | -$1.93M | $1.94M | $2.88M | $887K | $599K | $222K | -$44K | $512K | -$290K | $616K | -$302K | $49K |
| Other Non-Cash Items | $2.08M | $285K | $135K | $124K | $115K | $78K | $1.38M | $3.13M | $4.42M | $130K | $1.82M | $2.55M | $2.67M | $356K | $0 | $3.95M | $5.46M | $3.79M |
| Net Cash from Operating | $175.05M | -$50.62M | -$38.41M | -$24.36M | -$21.16M | -$21.97M | -$15.05M | -$23.7M | -$28.59M | -$22.27M | -$12.53M | -$6.32M | -$3.62M | -$2.28M | -$6.3M | -$3.67M | -$2.15M | -$4.11M |
| Investing Activities | ||||||||||||||||||
| Capital Expenditures | -$2.26M | -$116K | -$327K | -$219K | -$1.43M | -$113K | -$37K | -$49K | -$152K | -$59K | -$15K | -$25K | -$36K | $0 | -$2K | -$10K | $0 | $0 |
| Acquisitions | -$308.51M | $0 | $0 | $0 | $0 | $0 | $11.98M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$52.95M | -$26.77M | -$77.08M | -$31.14M | -$15.29M | -$8.55M | -$14.11M | $0 | -$13.07M | $0 | -$23.59M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $55.29M | $48.12M | $60.35M | $27.65M | $7.58M | $16.09M | $2.12M | $1.6M | $23.58M | $11.48M | $0 | $0 | $1.03M | $0 | $0 | $10.46M | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | -$11.98M | $1.6M | $10.51M | $11.48M | -$23.59M | $0 | -$1.03M | $0 | -$2K | -$10.46M | $0 | $0 |
| Net Cash from Investing | -$308.43M | $21.23M | -$17.06M | -$3.71M | -$9.13M | $7.43M | -$12.02M | $1.56M | $10.36M | $11.42M | -$23.61M | -$25K | -$36K | $0 | -$2K | -$10K | $0 | $0 |
| Financing Activities | ||||||||||||||||||
| Debt Repaid | -$150M | - | - | - | - | - | - | -$7.5M | - | - | - | - | -$1.37M | -$1.2M | - | - | -$2.62M | - |
| Common Stock Issuance | $96.55M | $26.61M | $56.12M | $17.9M | $41.76M | $39.69M | $15.23M | $21.97M | $18.64M | $6.23M | $28.45M | $0 | $1.03M | $0 | $0 | $10.46M | $0 | $0 |
| Common Stock Repurchases | $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 | -$384K | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$8.09M | -$290K | -$198K | $0 | $0 | $412K | $10.57M | -$71K | $7K | $863K | $15.18M | $7.04M | $1.63M | -$70K | $0 | $0 | -$539K | -$142K |
| Net Cash from Financing | $238.45M | $26.32M | $55.92M | $17.9M | $41.76M | $40.1M | $25.8M | $29.4M | $20.52M | $7.09M | $43.63M | $8.36M | $5.2M | $1.13M | $0 | $10.46M | $2.27M | $2.96M |
| Forex Effect | $0 | -$2K | $3K | -$9K | -$13K | $13K | -$2K | -$8K | $20K | $245 | -$17K | -$46K | -$11K | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $105.07M | -$3.07M | $448K | -$10.18M | $11.45M | $25.57M | -$1.27M | $7.24M | $2.32M | -$3.75M | $7.48M | $1.97M | $1.54M | -$1.15M | -$6.3M | $6.78M | $125K | $0 |
| Supplementary Data | ||||||||||||||||||
| Operating Cash Flow | $175.05M | -$50.62M | -$38.41M | -$24.36M | -$21.16M | -$21.97M | -$15.05M | -$23.7M | -$28.59M | -$22.27M | -$12.53M | -$6.32M | -$3.62M | -$2.28M | -$6.3M | -$3.67M | -$2.15M | -$4.11M |
| Capital Expenditure | -$2.26M | -$116K | -$327K | -$219K | -$1.43M | -$113K | -$37K | -$49K | -$152K | -$59K | -$15K | -$25K | -$36K | $0 | -$2K | -$10K | $0 | -$2 |
| Free Cash Flow | $172.79M | -$50.73M | -$38.74M | -$24.58M | -$22.58M | -$22.08M | -$15.09M | -$23.75M | -$28.74M | -$22.32M | -$12.54M | -$6.35M | -$3.65M | -$2.28M | -$6.3M | -$3.68M | -$2.15M | -$4.11M |
| Cash at Beginning | $40.76M | $43.82M | $43.37M | $53.55M | $42.1M | $16.53M | $17.8M | $10.38M | $8.06M | $11.82M | $4.34M | $2.37M | $835K | $1.99M | $8.28M | $1.51M | $1.38M | $0 |
| Cash at End | $145.82M | $40.76M | $43.82M | $43.37M | $53.55M | $42.1M | $16.53M | $17.62M | $10.38M | $8.06M | $11.82M | $4.34M | $2.37M | $835K | $1.99M | $8.28M | $1.51M | $1.38M |