GALECTIN THERAPEUTICS INC (GALT)
Galectin Therapeutics Inc. is a biopharmaceutical company in the clinical development phase, dedicated to discovering and advancing new therapies for a spectrum of illnesses, including fibrotic disorders and various cancers. The company's flagship therapeutic agent is belapectin (GR-MD-02), an inhibitor of galectin-3, which is a complex polysaccharide polymer. This compound is currently undergoing Phase III clinical trials, assessing its effectiveness in treating liver scarring linked to fatty liver disease and non-alcoholic steatohepatitis (NASH) cirrhosis, alongside its potential for cancer treatment. Beyond belapectin, Galectin Therapeutics is progressing GM-CT-01 through preclinical stages for the management of cardiac and vascular fibrosis. The company is also actively exploring additional uses for belapectin in conditions like psoriasis, lung fibrosis, and kidney fibrosis. Furthermore, through Galectin Sciences, LLC – a joint venture established with SBH Sciences, Inc. – the firm is involved in researching and developing small organic molecules designed to block galectin-3, intended for oral administration. Established in 2000, the company was initially known as Pro-Pharmaceuticals, Inc. before officially changing its name to Galectin Therapeutics, Inc. in May 2011. Its corporate headquarters are located in Norcross, Georgia.
Sector: Pharmaceutical Preparations
Industry: Biotechnology
Galectin Therapeutics Inc.
NASDAQ:GALTHealthcare · Biotechnology
-5.68%$3.32
AH$3.32+0.00%vs close
Mkt Cap$334.82M
Float66.88M
O/S100.85M
Vol
$ Vol
RVOL
Inst Own15.5%
SI13.7%
Earnings
Dilution
Financials Summary
Revenue$0
Net Income-$30.84M
Total Assets$19.53M
Free Cash Flow-$23.88M
Debt & Equity
Debt 1368%
Preferred 23%
Total Debt$133.76M
Total Equity-$126.19M
Preferred Stock$2.21M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:6Reverse splitMar 23, 20126 shares → 1
Balance Sheet Details
Assets$19.53M
Liabilities$145.73M
Accounts Receivable$0
Accounts Payable$3.25M
Inventory$0
PP&E (Net)$0
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Revenue | $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 |
| YoY Growth | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1K | $7K | $7K | $0 | $0 | $0 | $0 | $0 | $0 | $49K | $64K | $67K | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1K | -$7K | -$7K | $0 | $0 | $0 | $0 | $0 | $0 | -$5.33M | -$6.46M | -$7.05M | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Research and Development | $14.29M | $36.57M | $32.13M | $31.74M | $23.82M | $17.98M | $7.47M | $6.47M | $11.72M | $15.32M | $13.11M | $8.43M | $5.69M | $4.53M | $3.55M | $1.07M | $1.11M | $1.77M | $2.05M | $3.02M | $3.04M | $3.04M | $1.95M | $1.48M | $893K | $100K |
| Selling, General, and Administrative | $5.79M | $5.86M | $5.94M | $6.62M | $6.36M | $5.47M | $5.97M | $7.13M | $4.53M | $6.16M | $6.96M | $7M | $6.42M | $5.37M | $6.86M | $3.82M | $4.98M | $3.55M | $4.4M | $4.03M | $3.62M | $4.26M | $2.99M | $1.8M | $1.29M | $70K |
| Other | $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 Operating Expenses | $20.09M | $42.43M | $38.07M | $38.35M | $30.18M | $23.44M | $13.44M | $13.6M | $16.25M | $21.48M | $20.08M | $15.43M | $12.1M | $9.9M | $10.41M | $4.88M | $6.09M | $5.33M | $6.46M | $7.05M | $6.66M | $7.3M | $4.94M | $3.29M | $2.18M | $170K |
| Operating Income (EBIT) | -$20.09M | -$42.43M | -$38.07M | -$38.35M | -$30.18M | -$23.44M | -$13.44M | -$13.6M | -$16.25M | -$21.48M | -$20.08M | -$15.43M | -$12.1M | -$9.9M | -$10.41M | -$4.88M | -$6.09M | -$5.33M | -$6.46M | -$7.05M | -$6.66M | -$7.3M | -$4.94M | -$3.29M | -$2.18M | -$170K |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | $7.33M | $5.54M | $2.79M | $1.03M | $489K | $87K | $87K | $336K | $12K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $350K | $1.85M | $0 | $0 | $4K | $415K | $0 | $0 |
| Interest Income | $126K | $338K | $230K | $52K | $3K | $66K | $231K | $38K | $24K | $45K | $52K | $42K | $16K | $24K | $18K | $6K | $3K | $30K | $102K | $281K | $111K | $124K | $69K | $24K | $25K | $0 |
| Other Income (Expense) | -$10.75M | -$4.61M | -$2.99M | -$424K | -$348K | -$21K | $144K | -$298K | $12K | $45K | $52K | -$358K | $16K | $224K | -$506K | -$746K | -$1.37M | $2.17M | -$2.98M | $3.85M | $111K | $124K | $65K | -$391K | $0 | -$20K |
| Income Before Tax (EBT) | -$30.84M | -$47.05M | -$41.07M | -$38.78M | -$30.53M | -$23.46M | -$13.29M | -$13.9M | -$16.23M | -$21.44M | -$20.03M | -$15.79M | -$12.09M | -$9.68M | -$10.91M | -$5.63M | -$7.46M | -$3.15M | -$9.43M | -$3.19M | -$6.54M | -$7.18M | -$4.87M | -$3.68M | -$2.18M | -$190K |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.79M | $0 |
| Net Income | -$30.84M | -$47.05M | -$41.07M | -$38.78M | -$30.53M | -$23.46M | -$13.29M | -$13.9M | -$16.23M | -$21.44M | -$20.03M | -$15.79M | -$12.09M | -$9.68M | -$10.91M | -$5.63M | -$7.46M | -$3.15M | -$9.43M | -$3.19M | -$6.54M | -$7.18M | -$4.87M | -$3.68M | -$3.97M | -$190K |
| Net Income Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Supplementary Data | ||||||||||||||||||||||||||
| EPS | -0.48 | -0.76 | -0.74 | -0.65 | -0.52 | -0.41 | -0.39 | -0.35 | -0.46 | -0.73 | -0.83 | -0.72 | -0.72 | -0.64 | -0.91 | -0.60 | -0.93 | -0.40 | -1.45 | -0.67 | -1.44 | -1.67 | -1.37 | -1.35 | -1.75 | -0.09 |
| Diluted EPS | -0.48 | -0.76 | -0.74 | -0.65 | -0.52 | -0.41 | -0.39 | -0.35 | -0.46 | -0.73 | -0.83 | -0.72 | -0.72 | -0.64 | -0.91 | -0.60 | -0.93 | -0.40 | -1.45 | -0.67 | -1.44 | -1.67 | -1.37 | -1.35 | -1.75 | -0.09 |
| Weighted Average OS | 63.90M | 62.31M | 60.16M | 59.39M | 58.53M | 57.03M | 52.24M | 39.41M | 35.52M | 29.22M | 24.12M | 21.85M | 16.87M | 15.13M | 11.99M | 9.38M | 8.05M | 7.80M | 6.50M | 4.75M | 4.55M | 4.29M | 3.56M | 2.73M | 2.27M | 2.06M |
| EBITDA | -$23.45M | -$41.47M | -$38.24M | -$37.71M | -$30M | -$23.34M | -$13.17M | -$13.56M | -$16.23M | -$21.47M | -$20.02M | -$15.78M | -$12.08M | -$9.67M | -$10.91M | -$5.62M | -$7.42M | -$3.1M | -$9.02M | -$1.28M | -$6.77M | -$7.1M | -$4.78M | -$3.08M | -$2.02M | -$170K |
| EBITDA Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Assets | ||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||
| Cash and Cash Equivalents | $17.72M | $15.12M | $25.66M | $18.59M | $39.65M | $27.14M | $47.48M | $8.25M | $3.05M | $15.36M | $25.85M | $29.13M | $10.49M | $9.36M | $6.4M | $5.89M | $251K | $318K | $1.32M | $773K | $4.47M | $10.7M | $7.61M | $1.92M | $1.49M | $210K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5M | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $17.72M | $15.12M | $25.66M | $18.59M | $39.65M | $27.14M | $47.48M | $8.25M | $3.05M | $15.36M | $25.85M | $29.13M | $10.49M | $9.36M | $6.4M | $5.89M | $251K | $318K | $1.32M | $5.77M | $4.47M | $10.7M | $7.61M | $1.92M | $1.49M | $210K |
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $234K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $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 Current Assets | $1.72M | $2.13M | $2.05M | $1.96M | $2.17M | $2.32M | $729K | $579K | $6K | $6K | $6K | $6K | $0 | $0 | $104K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $81K | $0 |
| Total Current Assets | $19.44M | $17.25M | $27.71M | $20.55M | $41.82M | $29.46M | $48.21M | $8.83M | $3.82M | $15.79M | $26.4M | $29.66M | $10.69M | $9.52M | $6.5M | $6.2M | $304K | $380K | $1.39M | $5.94M | $4.69M | $10.82M | $7.7M | $1.99M | $1.57M | $210K |
| Long-Term Assets | ||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $53K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1K | $3K | $8K | $6K | $7K | $17K | $40K | $73K | $112K | $60K | $103K | $144K | $177K | $112K | $0 |
| 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 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1K | $8K | $15K | $23K | $30K | $36K | $39K | $56K | $225K | $250K | $256K | $209K | $156K | $135K | $85K | $56K | $10K |
| 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 |
| 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 |
| Other Long-Term Assets | $96K | $243K | $437K | $733K | $7K | $135K | $258K | $174K | $342K | $0 | $0 | $0 | $0 | $6K | $69K | $59K | $59K | $59K | $70K | $59K | $0 | $27K | $27K | $27K | $27K | $10K |
| Total Long-Term Assets | $96K | $243K | $490K | $733K | $7K | $135K | $258K | $174K | $342K | $1K | $8K | $16K | $26K | $44K | $111K | $105K | $132K | $324K | $393K | $427K | $269K | $286K | $306K | $289K | $195K | $20K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $247 | $0 | $0 | $0 |
| Total Assets | $19.53M | $17.5M | $28.2M | $21.29M | $41.83M | $29.6M | $48.47M | $9.01M | $4.16M | $15.79M | $26.41M | $29.68M | $10.71M | $9.56M | $6.61M | $6.3M | $436K | $704K | $1.78M | $6.36M | $4.96M | $11.11M | $8M | $2.28M | $1.77M | $230K |
| Liabilities | ||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||
| Accounts Payable | $3.25M | $5.66M | $6.43M | $3.89M | $1.8M | $1.29M | $1.66M | $297K | $608K | $910K | $448K | $906K | $762K | $397K | $384K | $125K | $221K | $447K | $601K | $340K | $295K | $206K | $166K | $303K | $236K | $80K |
| Short-Term Debt | $0 | $21.12M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $200K | $0 | $0 | $0 | $0 | $0 | $15K | $195K | $80K |
| 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 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $200K | $200K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $1.06M | $1.89M | $8.07M | $8.11M | $6.49M | $3.27M | $147K | $517K | $1.57M | $2.19M | $286K | $193K | $1.2M | $1.2M | $1.25M | $948K | $0 | $0 | $1.9M | $5.14M | $0 | $0 | $0 | $174K | $0 | $20K |
| Total Current Liabilities | $8.03M | $35.41M | $15.68M | $13.01M | $9.03M | $5.4M | $2.82M | $2.11M | $2.97M | $3.78M | $1.36M | $1.7M | $2.49M | $1.64M | $2.21M | $1.77M | $1.05M | $1.08M | $2.6M | $5.99M | $1.38M | $1M | $378K | $667K | $551K | $180K |
| Long-Term Liabilities | ||||||||||||||||||||||||||
| Long-Term Debt | $133.74M | $85.11M | $71.74M | $39.83M | $29.05M | $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 | $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 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 |
| Other Long-Term Liabilities | $3.96M | $47K | $1M | $639K | $1.13M | $8K | $52K | $0 | $0 | $0 | $0 | $0 | $0 | $6K | $0 | $6.22M | $3.85M | $94K | $2.11M | $396K | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $137.7M | $85.16M | $72.77M | $40.47M | $30.18M | $8K | $52K | $0 | $0 | $0 | $0 | $0 | $0 | $6K | $0 | $6.22M | $3.85M | $94K | $2.11M | $396K | $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 |
| Total Liabilities | $145.73M | $120.56M | $88.44M | $53.48M | $39.21M | $5.41M | $2.87M | $2.11M | $2.97M | $3.78M | $1.36M | $1.7M | $2.49M | $1.64M | $2.21M | $7.99M | $4.9M | $1.17M | $4.71M | $6.38M | $1.38M | $1M | $378K | $667K | $551K | $180K |
| Stockholders' Equity | ||||||||||||||||||||||||||
| Preferred Stock | $2.21M | $2.22M | $2.22M | $2.23M | $2.25M | $2.25M | $2.26M | $8.94M | $8.96M | $8.96M | $7.57M | $7.35M | $7.33M | $7.38M | $7.15M | $1.66M | $664K | $54K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $65K | $62K | $61K | $59K | $59K | $56K | $56K | $41K | $36K | $33K | $28K | $22K | $18K | $16K | $13K | $64K | $52K | $48K | $40K | $32K | $27K | $27K | $0 | $19K | $16K | $10K |
| Retained Earnings | -$432.55M | -$401.57M | -$354.37M | -$309.57M | -$270.69M | -$240M | -$216.39M | -$196.22M | -$181.17M | -$163.7M | -$140.05M | -$118.92M | -$101.97M | -$80.02M | -$69.14M | -$56.42M | -$47.72M | -$38.55M | -$35.16M | -$25.73M | -$26.43M | -$19.89M | -$12.71M | -$7.83M | -$4.16M | -$190K |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$309K | -$299K | -$276K | $0 | $0 | -$257K | -$1K | -$70K | -$205K | -$92K | $0 |
| Other Stockholders' Equity | $306.29M | $298.44M | $294.07M | $277.31M | $273.25M | $264.13M | $261.93M | $203.07M | $182.32M | $175.68M | $165.07M | $146.88M | $110.17M | $87.92M | $73.52M | $54.67M | $43.2M | $38.03M | $32.2M | $25.67M | $29.99M | $29.96M | $20.33M | $9.43M | $5.36M | $230K |
| Total Equity | -$126.19M | -$103.07M | -$60.24M | -$32.19M | $2.62M | $24.19M | $45.59M | $6.9M | $1.19M | $12.02M | $25.05M | $27.97M | $8.23M | $7.92M | $4.4M | -$1.69M | -$4.47M | -$469K | -$2.92M | -$22K | $3.58M | $10.11M | $7.62M | $1.62M | $1.22M | $50K |
| 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 |
| Total Liabilities and Equity | $19.53M | $17.5M | $28.2M | $21.29M | $41.83M | $29.6M | $48.47M | $9.01M | $4.16M | $15.79M | $26.41M | $29.68M | $10.71M | $9.56M | $6.61M | $6.3M | $436K | $704K | $1.78M | $6.36M | $4.96M | $11.11M | $8M | $2.28M | $1.77M | $230K |
| Supplementary Data | ||||||||||||||||||||||||||
| Total Debt | $133.76M | $106.25M | $71.81M | $39.87M | $29.06M | $44K | $39K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $200K | $0 | $5.14M | $0 | $0 | $0 | $15K | $195K | $80K |
| Net Debt | $116.04M | $91.13M | $46.15M | $21.28M | -$10.59M | -$27.1M | -$47.44M | -$8.25M | -$3.05M | -$15.36M | -$25.85M | -$29.13M | -$10.49M | -$9.36M | -$6.4M | -$5.89M | -$251K | -$118K | -$1.32M | -$773K | -$4.47M | -$10.7M | -$7.61M | -$1.91M | -$1.3M | -$130K |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Operating Activities | ||||||||||||||||||||||||||
| Net Income | -$30.84M | -$47.05M | -$41.07M | -$38.78M | -$30.53M | -$23.46M | -$13.29M | -$13.9M | -$16.23M | -$21.44M | -$20.03M | -$15.79M | -$12.09M | -$9.9M | -$10.91M | -$5.63M | -$7.46M | -$3.15M | -$9.43M | -$3.19M | -$6.54M | -$7.18M | -$4.87M | -$3.68M | -$3.97M | -$190K |
| Depreciation & Amortization | $53K | $37K | $33K | $32K | $41K | $36K | $35K | $1K | $1K | $7K | $7K | $10K | $12K | $9K | $9K | $12K | $37K | $49K | $64K | $67K | $81K | $81K | $89K | $211K | $159K | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$616K | -$416K | -$23K | $0 | -$619K | $0 | $0 | $0 |
| Stock-Based Compensation | $1.66M | $2.45M | $2.26M | $2.87M | $2.08M | $1.8M | $1.68M | $4.45M | $1.1M | $2.48M | $3.4M | $4.07M | $3.79M | $3K | $3.25M | $1.94M | $1.61M | $697K | $0 | $0 | $0 | $0 | $0 | $147K | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $234K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $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 |
| Accounts Payable | -$6.04M | -$2.07M | $2.67M | $4.24M | $3.69M | $2.54M | $997K | -$1.09M | -$812K | $2.42M | -$342K | -$783K | $0 | $0 | $1.27M | -$140K | $125K | $0 | $111K | -$528K | $374K | $627K | $29K | $157K | $0 | $0 |
| Other Working Capital | $6.65M | $4.36M | $2.01M | $724K | $65K | -$1.59M | -$356K | $19K | $8K | $122K | -$21K | -$335K | $803K | -$626K | -$46K | -$543K | $274K | -$126K | $73K | $122K | -$81K | -$32K | -$16K | -$24K | $160K | $80K |
| Total Working Capital Change | $609K | $2.28M | $4.68M | $4.97M | $3.75M | $942K | $641K | -$1.07M | -$804K | $2.54M | -$363K | -$1.12M | $803K | -$626K | $1.46M | -$683K | $399K | -$126K | $184K | -$406K | $293K | $595K | $0 | $133K | $160K | $80K |
| Other Non-Cash Items | $4.64M | $512K | $1.13M | -$147K | $351K | $87K | $87K | $347K | $45K | $0 | $0 | $400K | $0 | $3.02M | $524K | $1.26M | $1.53M | -$2.13M | $4.32M | -$2.81M | $66K | $171K | $1.25M | $204K | $1.85M | $20K |
| Net Cash from Operating | -$23.88M | -$41.77M | -$32.97M | -$31.06M | -$24.31M | -$20.6M | -$10.85M | -$10.18M | -$15.89M | -$16.41M | -$16.98M | -$12.43M | -$7.48M | -$7.5M | -$5.68M | -$3.1M | -$3.89M | -$4.67M | -$5.48M | -$6.76M | -$6.13M | -$6.33M | -$4.15M | -$2.98M | -$1.8M | -$90K |
| Investing Activities | ||||||||||||||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$5K | -$5K | -$5K | $0 | $0 | -$2K | -$42K | -$98K | -$21K | -$23K | -$39K | -$109K | -$124K | -$10K |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$400K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$400K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$5M | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$400K | $400K | $69K | $69K | -$10K | $0 | $0 | $11K | -$11K | -$138K | -$90K | -$46K | -$66K | -$29K | -$47K | $0 |
| Net Cash from Investing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$400K | $64K | $64K | -$15K | $0 | $0 | $9K | $4.95M | -$5.24M | -$111K | -$69K | -$106K | -$138K | -$171K | -$10K |
| Financing Activities | ||||||||||||||||||||||||||
| Debt Repaid | -$21M | -$30M | -$30M | -$10M | -$30M | - | - | - | - | - | - | - | - | - | - | - | - | - | $555K | -$8.3M | - | - | - | $86K | - | - |
| Common Stock Issuance | $5.47M | $1.23M | $0 | $0 | $6.81M | $263K | $50.47M | $15.38M | $3.58M | $5.92M | $13.7M | $29.34M | $3.83M | $10.4M | $130K | $1.46M | $1.55M | $3.4M | $0 | $0 | $0 | $9.5M | $9.94M | $3.64M | $2.22M | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.34M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $10K |
| Dividends Paid | $0 | -$91K | $0 | $0 | -$171K | -$137K | $0 | -$915K | -$1.23M | -$741K | -$943K | -$943K | -$976K | $0 | -$1.54M | -$2.07M | -$209K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $91K | $10.03M | $0 | $171K | $137K | $0 | $915K | $1.23M | $741K | $943K | $3.07M | $4.78M | $0 | $7.6M | $7.28M | $9K | $0 | $1.64M | $0 | $0 | $0 | $442 | $0 | $1.04M | $300K |
| Net Cash from Financing | $26.48M | $31.23M | $40.03M | $10M | $36.81M | $263K | $50.08M | $15.38M | $3.58M | $5.92M | $13.7M | $31.46M | $8.61M | $10.4M | $6.2M | $8.74M | $3.82M | $3.65M | $1.08M | $8.3M | $0 | $9.5M | $9.94M | $3.55M | $3.26M | $300K |
| Forex Effect | $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 | $10K |
| Net Change in Cash | $2.6M | -$10.54M | $7.07M | -$21.06M | $12.51M | -$20.34M | $39.23M | $5.2M | -$12.31M | -$10.48M | -$3.28M | $18.64M | $1.13M | $2.97M | $506K | $5.64M | -$67K | -$1M | $546K | -$3.69M | -$6.24M | $3.1M | $5.69M | $430K | $1.29M | $210K |
| Supplementary Data | ||||||||||||||||||||||||||
| Operating Cash Flow | -$23.88M | -$41.77M | -$32.97M | -$31.06M | -$24.31M | -$20.6M | -$10.85M | -$10.18M | -$15.89M | -$16.41M | -$16.98M | -$12.43M | -$7.48M | -$7.5M | -$5.68M | -$3.1M | -$3.89M | -$4.67M | -$5.48M | -$6.76M | -$6.13M | -$6.33M | -$4.15M | -$2.98M | -$1.8M | -$90K |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$5K | -$5K | -$5K | $0 | $0 | -$2K | -$42K | -$98K | -$21K | -$23K | -$39K | -$124K | -$171K | -$10K |
| Free Cash Flow | -$23.88M | -$41.77M | -$32.97M | -$31.06M | -$24.31M | -$20.6M | -$10.85M | -$10.18M | -$15.89M | -$16.41M | -$16.98M | -$12.43M | -$7.49M | -$7.5M | -$5.68M | -$3.1M | -$3.89M | -$4.67M | -$5.53M | -$6.86M | -$6.15M | -$6.36M | -$4.19M | -$3.09M | -$1.97M | -$100K |
| Cash at Beginning | $15.12M | $25.66M | $18.59M | $39.65M | $27.14M | $47.48M | $8.25M | $3.05M | $15.36M | $25.85M | $29.13M | $10.49M | $9.36M | $6.4M | $5.89M | $251K | $318K | $1.32M | $773K | $4.47M | $10.7M | $7.61M | $1.92M | $1.49M | $205K | $0 |
| Cash at End | $17.72M | $15.12M | $25.66M | $18.59M | $39.65M | $27.14M | $47.48M | $8.25M | $3.05M | $15.36M | $25.85M | $29.13M | $10.49M | $9.36M | $6.4M | $5.89M | $251K | $318K | $1.32M | $773K | $4.47M | $10.7M | $7.61M | $1.92M | $1.49M | $210K |