DELCATH SYSTEMS, INC. (DCTH)
Delcath Systems, Inc. is an interventional oncology firm operating in the United States and Europe, dedicated to developing treatments for both primary and secondary liver cancers. Its leading investigational product is the HEPZATO KIT, a unique hepatic delivery system for melphalan that targets high-dose chemotherapy specifically to the liver. This innovative approach aims to substantially reduce systemic drug exposure and mitigate associated side effects. HEPZATO's clinical evaluation is advancing through the FOCUS trial, which is designed to assess the objective response rate in individuals with metastatic uveal melanoma whose disease is primarily concentrated in the liver. Furthermore, the company offers a separate version of HEPZATO as a medical device in Europe, marketed under the CHEMOSAT Hepatic Delivery System brand (or simply CHEMOSAT). This system empowers European medical centers to manage a diverse array of liver cancer conditions. Delcath Systems, Inc. was established in 1988, with its corporate headquarters situated in New York, New York.
Sector: Surgical & Medical Instruments & Apparatus
Industry: Medical - Devices
Delcath Systems, Inc.
NASDAQ:DCTHHealthcare · Medical - Devices
-4.10%$14.04
AH$13.85-1.35%vs close
Mkt Cap$487.17M
Float26.37M
O/S34.7M
Vol
$ Vol
RVOL
Inst Own50.3%
SI7.1%
Earnings
Dilution
Financials Summary
Revenue$85.23M
Net Income$2.7M
Total Assets$123.63M
Free Cash Flow$20.97M
Debt & Equity
Debt 1%
Equity 99%
Total Debt$936K
Total Equity$111.22M
Shares Outstanding
Short Interest
Split History5 splits · 5 reverse
- 1:700Reverse splitDec 24, 2019700 shares → 1
- 1:500Reverse splitMay 2, 2018500 shares → 1
- 1:350Reverse splitNov 6, 2017350 shares → 1
- 1:16Reverse splitJul 21, 201616 shares → 1
- 1:16Reverse splitApr 9, 201416 shares → 1
Balance Sheet Details
Assets$123.63M
Liabilities$12.41M
Accounts Receivable$12.94M
Accounts Payable$2.66M
Inventory$10.25M
PP&E (Net)$4.1M
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 | FY 1998 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Revenue | $85.23M | $37.2M | $2.06M | $2.72M | $3.56M | $1.65M | $1.58M | $3.41M | $2.71M | $1.99M | $1.75M | $1.07M | $790K | $346K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY Growth | 129.1% | 1701.7% | -24.1% | -23.5% | 116.0% | 4.2% | -53.6% | 25.5% | 36.3% | 14.0% | 63.4% | 35.3% | 128.3% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | $11.8M | $6.19M | $635K | $686K | $671K | $640K | $719K | $1.01M | $701K | $550K | $462K | $291K | $464K | $39K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $73.43M | $31.02M | $1.43M | $2.03M | $2.88M | $1.01M | $861K | $2.4M | $2.01M | $1.44M | $1.28M | $778K | $326K | $307K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Margin | 86.2% | 83.4% | 69.2% | 74.8% | 81.1% | 61.1% | 54.5% | 70.4% | 74.2% | 72.4% | 73.6% | 72.8% | 41.3% | 88.7% | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Research and Development | $29.25M | $13.87M | $17.5M | $18.58M | $13.78M | $11.2M | $9.49M | $19.65M | $10.49M | $8.45M | $6.49M | $4.3M | $12.69M | $26.21M | $25.17M | $17.56M | $9.64M | $5.38M | $4.24M | $2.72M | $1.74M | $2.31M | $1.6M | $1.17M | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $43.53M | $29.55M | $22.11M | $17.3M | $13.64M | $11.11M | $11.28M | $9.82M | $9.68M | $9.43M | $10.01M | $15.78M | $20.66M | $27.96M | $21.28M | $13.19M | $3.9M | $2.69M | $2.67M | $8.98M | $1.37M | $1.06M | $708K | $724K | $2.07M | $1.03M | $370K | $1.8M |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $51K | -$41K | $0 | -$67K | -$24K | -$81K | -$175K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $230K | $320K |
| Total Operating Expenses | $72.77M | $43.43M | $39.61M | $35.89M | $27.41M | $22.31M | $20.77M | $29.47M | $20.18M | $17.88M | $16.5M | $20.08M | $33.34M | $54.18M | $46.46M | $30.74M | $13.54M | $8.07M | $6.91M | $11.7M | $3.11M | $3.37M | $2.31M | $1.9M | $2.07M | $1.03M | $600K | $2.12M |
| Operating Income (EBIT) | $660K | -$12.41M | -$38.18M | -$33.85M | -$24.53M | -$21.3M | -$19.91M | -$27.07M | -$18.16M | -$16.44M | -$15.21M | -$19.3M | -$33.02M | -$53.87M | -$46.46M | -$30.74M | -$13.54M | -$8.07M | -$6.91M | -$11.7M | -$3.11M | -$3.37M | -$2.31M | -$1.9M | -$2.07M | -$1.03M | -$600K | -$2.12M |
| Operating Margin | 0.8% | -33.4% | -1849.0% | -1245.1% | -690.0% | -1294.2% | -1260.0% | -794.6% | -669.1% | -825.3% | -870.6% | -1805.8% | -4179.6% | -15569.7% | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | $0 | $0 | $1.44M | $2.69M | $1.19M | $175K | $4.75M | $7.96M | $21.7M | $14.33M | $67K | $24K | $81K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $16K | $23K | $30K | $70K |
| Interest Income | $2.92M | $125K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5K | $20K | $19K | $5K | $11K | $74K | $300K | $533K | $620K | $247K | $100K | $56K | $90K | $208K | $95K | $0 | $0 |
| Other Income (Expense) | $2.85M | -$13.98M | -$9.5M | -$2.65M | -$1.12M | -$2.85M | $11.03M | $7.85M | -$26.95M | -$1.53M | $506K | $1.92M | $2.69M | $2M | $15.57M | -$15.94M | -$8.52M | -$6.86B | $3.25M | $127K | $247K | $100K | $0 | $0 | $0 | $0 | $30K | $70K |
| Income Before Tax (EBT) | $3.51M | -$26.39M | -$47.68M | -$36.51M | -$25.65M | -$24.16M | -$8.88M | -$19.22M | -$45.12M | -$17.97M | -$14.7M | -$17.38M | -$30.32M | -$51.87M | -$30.89M | -$46.68B | -$22.06B | -$6.86B | -$3.66B | -$11.57M | $0 | $0 | $0 | $0 | $0 | $0 | -$570K | -$2.05M |
| Income Tax Expense | $810K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $81K | $175K | $0 | $15.94M | $8.52M | -$6.86B | -$3.25M | -$747K | -$247K | -$100K | -$56K | -$90K | -$193K | -$72K | $0 | $0 |
| Net Income | $2.7M | -$26.39M | -$47.68M | -$36.51M | -$25.65M | -$24.16M | -$8.88M | -$19.22M | -$45.12M | -$17.97M | -$14.7M | -$17.38M | -$30.32M | -$51.87M | -$30.89M | -$46.68M | -$22.06M | -$6.86M | -$3.66M | -$10.95M | -$2.86M | -$3.27M | -$2.25M | -$1.81M | -$1.88M | -$960K | -$570K | -$2.05M |
| Net Income Margin | 3.2% | -70.9% | -2308.9% | -1342.7% | -721.5% | -1467.6% | -562.0% | -564.2% | -1661.8% | -902.2% | -841.7% | -1625.9% | -3838.5% | -14990.8% | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Supplementary Data | ||||||||||||||||||||||||||||
| EPS | 0.08 | -0.11 | -0.48 | -4.12 | -3.59 | -8.36 | -342.82 | -503846.14 | -2275919775.64 | -452622931118.73 | -457509240140.24 | -599153734148.44 | -1238626350763.12 | -26545751109293.85 | -9966395889988.08 | -37547203613531.35 | -5751038641570.99 | -3104228754380.96 | -5147025690599.48 | -5333645066658.91 | -1243379587263.64 | -2137851189725.02 | -1687562217150.85 | -13872492826207.96 | -4664321523376.17 | -18567815501457.58 | -21307308590017.34 | -74477743458560.20 |
| Diluted EPS | 0.07 | -0.12 | -0.48 | -4.12 | -3.59 | -8.36 | -342.82 | -503846.14 | -2275919775.64 | -452622931118.73 | -457509240140.24 | -602579041660.08 | -1084983474466.53 | -26545751109293.85 | -9966395889988.08 | -37547203613531.35 | -5751038641570.99 | -3104228754380.96 | -5147025690599.48 | -5333645066658.91 | -1243379587263.64 | -2137851189725.02 | -1687562217150.85 | -13872492826207.96 | -4664321523376.17 | -18567815501457.58 | -21307308590017.34 | -74477743458560.20 |
| Weighted Average OS | 35.82M | 28.51M | 16.23M | 8.86M | 7.15M | 2.90M | 25,900 | 38 | 0.02 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EBITDA | $3.86M | -$26.16M | -$46.11M | -$33.69M | -$24.32M | -$23.81M | -$3.88M | -$10.82M | -$23.1M | -$3.34M | -$14.09M | -$16.42M | -$29.2M | -$52.54M | -$29.85M | -$46.21M | -$22.05M | -$6.86M | -$3.66M | -$10.95M | -$2.86M | -$3.26M | -$2.3M | -$1.89M | -$2.06M | -$1.03M | -$540K | -$1.98M |
| EBITDA Margin | 4.5% | -70.3% | -2233.0% | -1239.1% | -684.0% | -1446.8% | -245.8% | -317.6% | -851.0% | -167.6% | -806.4% | -1536.3% | -3695.9% | -15185.0% | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
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 | $43.45M | $32.41M | $12.65M | $7.67M | $22.8M | $28.57M | $10M | $2.52M | $4M | $4.41M | $12.61M | $20.47M | $31.25M | $23.73M | $25.78M | $45.62M | $35.49M | $10.79M | $7.89M | $6.29M | $1.7M | $202K | $314K | $1.06M | $3.3M | $5.8M | $560K |
| Short-Term Investments | $47.58M | $20.82M | $19.81M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4.98M | $1.49M | $0 | $223K | $0 | $2.41M | $11.1M | $7.06M | $2.02M | $370K | $0 | $0 | $0 |
| Cash and Short-Term Investments | $91.04M | $53.23M | $32.45M | $7.67M | $22.8M | $28.57M | $10M | $2.52M | $4M | $4.41M | $12.61M | $20.47M | $31.25M | $23.73M | $30.76M | $47.11M | $35.49M | $11.01M | $7.89M | $8.7M | $12.8M | $7.26M | $2.33M | $1.43M | $3.3M | $5.8M | $560K |
| Accounts Receivable | $12.94M | $11.06M | $483K | $366K | $44K | $57K | $21K | $1.16M | $317K | $403K | $277K | $174K | $349K | $144K | $0 | $0 | $0 | $0 | $0 | $0 | $92K | $33K | $14K | $5K | $1K | $32K | $0 |
| Inventory | $10.25M | $6.93M | $3.32M | $2M | $1.41M | $855K | $654K | $858K | $1.25M | $660K | $757K | $349K | $719K | $1.1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $1.55M | $1.39M | $387K | $4.25M | $4.36M | $509K | $626K | $1.19M | $1.47M | $28.04M | $960K | $383K | $927K | $1.46M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $10K |
| Total Current Assets | $119.53M | $73.76M | $37.16M | $16.16M | $31.15M | $32.34M | $12.62M | $5.92M | $7.59M | $34.16M | $14.6M | $21.97M | $34.03M | $26.43M | $31.99M | $48.9M | $36.29M | $11.34M | $18.09M | $8.76M | $12.92M | $7.34M | $2.39M | $1.54M | $3.37M | $5.91M | $570K |
| Long-Term Assets | |||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $4.1M | $2.83M | $1.46M | $1.71M | $1.97M | $2.3M | $1.59M | $925K | $1.3M | $1.08M | $1.13M | $1.8M | $3.07M | $4.04M | $3.25M | $1.68M | $521K | $17K | $15K | $4K | $8K | $14K | $14K | $14K | $13K | $5K | $10K |
| 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 | $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 |
| Deferred Tax 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 |
| Other Long-Term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$4.04M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $24K | $263K | $24K | $24K | $20K |
| Total Long-Term Assets | $4.1M | $2.83M | $1.46M | $1.71M | $1.97M | $2.3M | $1.59M | $925K | $1.3M | $1.08M | $1.13M | $1.8M | $3.07M | $4.04M | $3.25M | $1.68M | $521K | $17K | $15K | $4K | $8K | $14K | $38K | $276K | $37K | $29K | $30K |
| 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 | $123.63M | $76.59M | $38.61M | $17.86M | $33.12M | $34.63M | $14.21M | $6.84M | $8.89M | $35.24M | $15.73M | $23.76M | $37.1M | $30.47M | $35.24M | $50.58M | $36.81M | $11.36M | $18.11M | $8.76M | $12.93M | $7.35M | $2.43M | $1.81M | $3.4M | $5.93M | $600K |
| Liabilities | |||||||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||||||
| Accounts Payable | $2.66M | $961K | $1.01M | $2.02M | $638K | $1.77M | $4.53M | $7.71M | $3.85M | $594K | $284K | $748K | $582K | $939K | $925K | $610K | $754K | $0 | $125K | $670K | $330K | $565K | $260K | $175K | $176K | $799K | $0 |
| Short-Term Debt | $0 | $0 | $10.15M | $7.85M | $621K | $2M | $0 | $2.04M | $0 | $13.34M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $230K | $0 |
| 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 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $170K | $525K | $482K | $3.4M | $0 | $30K | $0 | $0 | $6K | $309K | $300K | $300M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $4.64M | $3.71M | $1.93M | $1.04M | $2.41M | $4.3M | $9.39M | $6.21M | $2.84M | $21.23M | $5.34M | $464K | $2.31M | $7.28M | $4.13M | $18.01M | $11.21M | $448K | $1.55M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $110K |
| Total Current Liabilities | $10.95M | $6.14M | $16.45M | $14.73M | $5.95M | $10.04M | $15.99M | $17.75M | $7.81M | $36.09M | $6.31M | $4.58M | $6.63M | $10.16M | $8.84M | $21.2M | $13.05M | $1.15M | $1.68M | $670K | $330K | $565K | $260K | $175K | $176K | $1.03M | $110K |
| Long-Term Liabilities | |||||||||||||||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $7.84M | $15.01M | $0 | $2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $2.07M | $2.38M | $3.4M | $0 | $30K | $0 | $0 | $6K | $309K | $300K | $300K | $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 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $628K | $766K | $6.39M | $1.14M | $0 | $0 | $0 | $628K | $395K | $604K | $820K | $1.04M | $360K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $1.46M | $1.7M | $6.39M | $8.99M | $15.22M | $2.52M | $4.58M | $4.03M | $395K | $634K | $820K | $1.04M | $366K | $309K | $300K | $300K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $12.41M | $7.84M | $22.84M | $23.72M | $21.17M | $12.56M | $20.57M | $21.78M | $8.21M | $36.73M | $7.13M | $5.62M | $7M | $10.46M | $9.14M | $21.5M | $13.05M | $1.15M | $1.68M | $670K | $330K | $565K | $260K | $175K | $176K | $1.03M | $110K |
| 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 | $0 |
| Common Stock | $347K | $331K | $228K | $100K | $79K | $60K | $1K | $103K | $1.14M | $41K | $223K | $97K | $1.34M | $768K | $482K | $430K | $362K | $254K | $253K | $207K | $188K | $152K | $97K | $41K | $39K | $39K | $10K |
| Retained Earnings | -$528.85M | -$531.55M | -$505.16M | -$457.48M | -$420.98M | -$395.33M | -$371.17M | -$344.05M | -$324.83M | -$279.19M | -$261.22M | -$246.51M | -$229.13M | -$198.81M | -$146.94M | -$116.06M | -$69.37M | -$47.32M | -$40.45M | -$36.79M | -$25.84M | -$22.97M | -$19.7M | -$17.45M | -$15.65M | -$13.77M | -$11.31M |
| Comprehensive Income & Other | $575K | $82K | $135K | -$83K | $18K | -$104K | $28K | $50K | $42K | -$41K | -$8K | $20K | $96K | $37K | $0 | -$26K | -$16K | -$24K | -$4K | -$6K | -$6K | -$32K | -$26K | -$21K | -$15K | -$10K | $0 |
| Other Stockholders' Equity | $639.72M | $599.96M | $520.71M | $451.52M | $432.85M | $417.35M | $364.81M | $329.01M | $324.37M | $277.66M | $269.6M | $264.56M | $257.89M | $218.05M | $172.56M | $144.71M | $92.77M | $57.27M | $56.63M | $44.67M | $38.24M | $29.61M | $21.78M | $19.05M | $18.84M | $18.64M | $11.79M |
| Total Equity | $111.22M | $68.75M | $15.78M | -$5.86M | $11.95M | $22.08M | -$6.36M | -$14.94M | $678K | -$1.49M | $8.6M | $18.14M | $30.1M | $20.01M | $26.1M | $29.08M | $23.76M | $10.21M | $16.43M | $8.09M | $12.6M | $6.79M | $2.17M | $1.64M | $3.23M | $4.91M | $490K |
| 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 | $123.63M | $76.59M | $38.61M | $17.86M | $33.12M | $34.63M | $14.21M | $6.84M | $8.89M | $35.24M | $15.73M | $23.76M | $37.1M | $30.47M | $35.24M | $50.58M | $36.81M | $11.36M | $18.11M | $8.76M | $12.93M | $7.35M | $2.43M | $1.81M | $3.4M | $5.93M | $600K |
| Supplementary Data | |||||||||||||||||||||||||||
| Total Debt | $936K | $1.04M | $10.19M | $15.87M | $16.25M | $2.94M | $2.86M | $2.04M | $0 | $13.34M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $230K | $0 |
| Net Debt | -$42.52M | -$31.37M | -$2.46M | $8.2M | -$6.55M | -$25.63M | -$7.14M | -$478K | -$4M | $8.93M | -$12.61M | -$20.47M | -$31.25M | -$23.73M | -$25.78M | -$45.62M | -$35.49M | -$10.79M | -$7.89M | -$6.29M | -$1.7M | -$202K | -$314K | -$1.06M | -$3.3M | -$5.57M | -$560K |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Operating Activities | ||||||||||||||||||||||||||||
| Net Income | $2.7M | -$26.39M | -$47.68M | -$36.51M | -$25.65M | -$24.16M | -$8.88M | -$19.22M | -$45.12M | -$17.97M | -$14.7M | -$17.38M | -$30.32M | -$51.87M | -$30.89M | -$46.68M | -$22.06M | -$6.86M | -$3.66M | -$10.95M | -$2.86M | -$3.27M | -$2.25M | -$1.81M | -$1.88M | -$960K | -$570K | -$2.05M |
| Depreciation & Amortization | $349K | $229K | $128K | $132K | $146K | $167K | $249K | $444K | $310K | $305K | $617K | $958K | $1.13M | $1.33M | $1.03M | $472K | $8K | $6K | $4K | $4K | $6K | $6K | $5K | $6K | $5K | $3K | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $2.83M | $0 | -$15.76M | $5.23M | $1K | $15K | -$91K | $5K | $0 | $30.89M | $7K | $3K | $0 | -$1.4B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $24.23M | $9.77M | $8.15M | $7.94M | $7.83M | $3.91M | $277K | $58K | $129K | $427K | $657K | $491K | $291K | $3.83M | $3.6M | $3.84M | $2.32M | $667K | $1.4B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||||||
| Accounts Receivable | -$854K | -$10.65M | $125K | -$322K | $13K | -$36K | $497K | -$293K | $108K | -$138K | -$52K | $161K | -$211K | -$144K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | -$3.32M | -$3.61M | -$1.32M | -$587K | -$557K | -$201K | $204K | $385K | -$543K | $95K | -$420K | $237K | $391K | -$1.1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $4.77M | $479K | -$199K | $1.8M | -$1.14M | -$5.31M | -$4.79M | $8.18M | $3.18M | $1.51M | -$1.76M | $132K | -$2.44M | $331K | $0 | $1.35B | $1.14B | $578.21M | -$545.09M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$3.66M | -$1.74M | $492K | $1.23M | -$4.08M | -$263K | -$1.47M | $3.5M | -$234K | $74K | -$211K | $1.39M | -$178K | -$219K | $3.79M | -$1.35B | -$1.14B | -$577.64M | $544.28M | $397K | -$272K | $285K | $125K | $20K | -$592K | $592K | $460K | $0 |
| Total Working Capital Change | -$3.07M | -$15.52M | -$906K | $2.11M | -$5.76M | -$5.81M | -$5.56M | $11.77M | $2.51M | $1.54M | -$2.44M | $1.92M | -$2.44M | -$1.14M | $3.79M | $660K | $700K | $572K | -$809K | $397K | -$272K | $285K | $125K | $20K | -$592K | $592K | $460K | -$130K |
| Other Non-Cash Items | -$1.7M | $13.23M | $9.05M | $1.37M | $831K | $184K | -$9.77M | $7.97M | $21.54M | $1.49M | -$565K | -$1.45M | -$2.76M | -$2.16M | -$45.8M | $17.62M | $8.57M | -$1.1M | -$1.1M | $1.35M | $112K | $29K | $0 | $0 | $198K | $4K | -$980K | $760K |
| Net Cash from Operating | $22.52M | -$18.68M | -$31.25M | -$24.95M | -$22.6M | -$22.87M | -$23.69M | -$14.73M | -$15.4M | -$14.21M | -$16.42M | -$15.55M | -$34.1M | -$50.01M | -$37.37M | -$24.08M | -$10.46M | -$6.72M | -$5.57M | -$9.2M | -$3.02M | -$2.95M | -$2.12M | -$1.78M | -$2.27M | -$361K | -$1.09M | -$1.42M |
| Investing Activities | ||||||||||||||||||||||||||||
| Capital Expenditures | -$1.55M | -$559K | -$58K | -$209K | -$143K | -$782K | -$24K | -$76K | -$524K | -$258K | -$170K | -$44K | -$142K | -$2.12M | -$2.61M | -$1.64M | -$515K | -$8K | -$16K | -$5.42M | -$11.1M | -$5K | -$5K | -$7K | -$13K | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $180K | $0 | $0 | $0 | $0 | $1.64B | $0 | $8.31M | $15.64M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$93.22M | -$52.45M | -$19.65M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$4.98M | -$3.23M | $0 | -$247K | -$9.88M | $0 | $0 | -$6.05M | -$2.02M | -$370K | $0 | $0 | $0 | $0 |
| Sales of Investments | $68.17M | $52.03M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4.98M | $1.49M | $1.74M | $4.05M | $9.88M | $2.41M | $14.11M | $7.06M | $1.01M | $370K | $1.5M | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.09M | $180K | $37K | $0 | $4.98M | $0 | -$1.64B | $200 | -$8.31M | -$15.64M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$26.59M | -$981K | -$19.71M | -$209K | -$143K | -$782K | -$24K | -$76K | -$524K | -$1.34M | $10K | -$7K | -$142K | $2.86M | -$6.09M | -$3.13M | $3.53M | $9.62M | -$7.49M | $8.69M | -$4.04M | -$5.04M | -$1.65M | $1.12M | -$13K | $0 | $0 | $0 |
| Financing Activities | ||||||||||||||||||||||||||||
| Debt Repaid | - | $10.61M | $6.31M | $714K | -$14.44M | $26K | -$3.68M | -$794K | - | -$31.23M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $230K | -$230K | - | - |
| Common Stock Issuance | $21.05M | $7.02M | $23.08M | $10.86M | $3.92M | $39.76M | $0 | $10.92M | $15K | $2.38M | $8.65M | $4.87M | $41.7M | $45.06M | $23.62M | $37.35M | $35.48M | $0 | $14.65M | $5.1M | $8.56M | $7.88M | $3.02M | $268K | $0 | $5.87M | $0 | $0 |
| Common Stock Repurchases | -$6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$51K | $0 | $0 | $800K | $630K |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$527K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$500K | $0 | $0 |
| Other Financing Activities | $0 | $43M | $35.01M | $0 | $2.46M | $2.62M | $0 | $12.44M | $2.85M | -$26.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$239K | $0 | $0 | $800K | $320K |
| Net Cash from Financing | $15.05M | $39.41M | $51.78M | $10.14M | $20.82M | $42.35M | $30.3M | $13.24M | $15.45M | $7.41M | $8.65M | $4.87M | $41.7M | $45.06M | $23.62M | $37.35M | $35.48M | $0 | $14.65M | $5.1M | $8.56M | $7.88M | $3.02M | -$22K | -$230K | $5.6M | $800K | $320K |
| Forex Effect | $68K | -$32K | $56K | -$115K | $122K | -$132K | $14K | -$174K | $67K | -$49K | -$107K | -$90K | $65K | $37K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $11.04M | $19.72M | $874K | -$15.13M | -$1.8M | $18.57M | $6.61M | -$1.75M | -$410K | -$8.2M | -$7.86M | -$10.78M | $7.52M | -$2.05M | -$19.84M | $10.14M | $28.55M | $2.9M | $1.6M | $4.59M | $1.5M | -$111K | -$750K | -$679K | -$2.51M | $5.24M | -$290K | -$1.1M |
| Supplementary Data | ||||||||||||||||||||||||||||
| Operating Cash Flow | $22.52M | -$18.68M | -$31.25M | -$24.95M | -$22.6M | -$22.87M | -$23.69M | -$14.73M | -$15.4M | -$14.21M | -$16.42M | -$15.55M | -$34.1M | -$50.01M | -$37.37M | -$24.08M | -$10.46M | -$6.72M | -$5.57M | -$9.2M | -$3.02M | -$2.95M | -$2.12M | -$1.78M | -$2.27M | -$361K | -$1.09M | -$1.42M |
| Capital Expenditure | -$1.55M | -$559K | -$58K | -$209K | -$143K | -$782K | -$24K | -$76K | -$524K | -$258K | -$170K | -$44K | -$142K | -$2.12M | -$2.61M | -$1.64M | -$515K | -$8K | -$16K | -$5.42M | -$11.1M | -$5K | -$5K | -$7K | -$13K | $0 | $0 | $0 |
| Free Cash Flow | $20.97M | -$19.24M | -$31.31M | -$25.16M | -$22.75M | -$23.65M | -$23.71M | -$14.81M | -$15.92M | -$14.47M | -$16.59M | -$15.6M | -$34.24M | -$52.13M | -$39.98M | -$25.72M | -$10.98M | -$6.73M | -$5.58M | -$14.63M | -$14.12M | -$2.95M | -$2.13M | -$1.79M | -$2.28M | -$361K | -$1.09M | -$1.42M |
| Cash at Beginning | $32.41M | $12.7M | $11.82M | $26.95M | $28.76M | $10.18M | $3.58M | $5.32M | $4.41M | $12.61M | $20.47M | $31.25M | $23.73M | $25.78M | $45.62M | $35.49M | $6.94M | $7.89M | $6.29M | $1.7M | $202K | $314K | $1.06M | $1.74M | $5.8M | $561K | $0 | $2.52M |
| Cash at End | $43.45M | $32.41M | $12.7M | $11.82M | $26.95M | $28.76M | $10.18M | $3.58M | $4M | $4.41M | $12.61M | $20.47M | $31.25M | $23.73M | $25.78M | $45.62M | $35.49M | $10.79M | $7.89M | $6.29M | $1.7M | $202K | $314K | $1.06M | $3.3M | $5.8M | -$290K | $1.42M |