GSI TECHNOLOGY INC (GSIT)
GSI Technology, Inc. (GSIT) operates as a fabless semiconductor company, specializing in the creation, development, and commercialization of sophisticated memory solutions. These products cater to a global clientele across vital industries such as networking, industrial, medical, aerospace, and defense, with a market presence spanning the United States, China, Singapore, Germany, the Netherlands, and other international territories. A core offering from GSI Technology includes its associative processing unit (APU) products. These innovative units are specifically designed to enable similarity search functionalities, supporting diverse applications like visual search queries in e-commerce, computer vision, pharmaceutical discovery, cybersecurity, and various service sectors. Furthermore, the company provides an extensive portfolio of static random access memory (SRAM) options. This range features SyncBurst SRAMs, suitable for microprocessor caches and other applications; No Bus Turnaround SRAMs, crafted to address specific needs in networking and telecommunications; and SigmaQuad and SigmaDDR products, which meet the high-density and rapid random transaction rate demands of networking and telecom systems. Additionally, GSIT offers Low Latency DRAMs, an optimal solution for advanced data networking, as well as Asynchronous SRAM, serving as primary memory for compact, cache-less embedded processors utilized in industrial electronics, measurement instruments, and cost-sensitive networking equipment. A selection of other specialized SRAMs rounds out their memory offerings. For demanding operational environments, GSI Technology also manufactures radiation-hardened and radiation-tolerant SRAMs, crucial for aerospace and military applications such as networking satellites and missile guidance systems. These semiconductor solutions are integrated as essential components within the final products of the company's Original Equipment Manufacturer (OEM) partners. Their applications are broad, encompassing networking and telecommunications devices (e.g., routers, switches), advanced military and aerospace systems (e.g., radar, guidance systems, satellites), audio/video processing, high-speed test and measurement equipment, automotive technology (e.g., smart cruise control), and medical imaging devices (e.g., ultrasound, CAT scan machines). The distribution of GSI Technology's products is managed through an extensive network of independent sales representatives and authorized distributors. Established in 1995, the company maintains its corporate headquarters in Sunnyvale, California.
Sector: Semiconductors & Related Devices
Industry: Semiconductors
GSI Technology, Inc.
NASDAQ:GSITTechnology · Semiconductors
PrePre-market-0.17%$3.01
Close$3.02+3.37%AH$3.12-3.42%Now$3.01
Close$3.02-5.78%AH$3.12-3.42%since
Mkt Cap$116.07M
Float34.29M
O/S38.5M
Inst Own35.9%
Dilution
Financials Summary
Revenue$25.12M
Net Income-$13.25M
Total Assets$97.95M
Free Cash Flow-$16.41M
Debt & Equity
Debt 9%
Equity 91%
Total Debt$8.47M
Total Equity$81.76M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in GSIT's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$97.95M
Liabilities$16.19M
Accounts Receivable$4.33M
Accounts Payable$3.61M
Inventory$4.08M
PP&E (Net)$9.15M
Goodwill$7.98M
Intangible Assets$1.09M
Income Statement
| Period | FY 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Period Ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 | 2018-03-31 | 2017-03-31 | 2016-03-31 | 2015-03-31 | 2014-03-31 | 2013-03-31 | 2012-03-31 | 2011-03-31 | 2010-03-31 | 2009-03-31 | 2008-03-31 | 2007-03-31 | 2006-03-31 | 2005-03-31 | 2004-03-31 | 2003-03-31 |
| Revenue | $25.12M | $20.52M | $21.77M | $29.69M | $33.38M | $27.73M | $43.34M | $51.49M | $42.64M | $48.18M | $52.74M | $53.5M | $58.58M | $66.01M | $82.54M | $97.76M | $67.56M | $62.11M | $53.17M | $58.16M | $43.14M | $45.74M | $35.42M | $20.98M |
| YoY Growth | 22.4% | -5.7% | -26.7% | -11.1% | 20.4% | -36.0% | -15.8% | 20.7% | -11.5% | -8.6% | -1.4% | -8.7% | -11.3% | -20.0% | -15.6% | 44.7% | 8.8% | 16.8% | -8.6% | 34.8% | -5.7% | 29.1% | 68.8% | - |
| Cost of Revenue | $11.43M | $10.38M | $9.94M | $12.01M | $14.85M | $14.51M | $18M | $19.86M | $20.22M | $21.76M | $26M | $28.38M | $32.47M | $37.43M | $45.89M | $53.01M | $38.34M | $35.55M | $31.85M | $36.04M | $29.23M | $30.71M | $26.62M | $18.48M |
| Gross Profit | $13.7M | $10.14M | $11.82M | $17.68M | $18.54M | $13.22M | $25.34M | $31.63M | $22.43M | $26.42M | $26.74M | $25.12M | $26.11M | $28.59M | $36.65M | $44.75M | $29.22M | $26.56M | $21.32M | $22.12M | $13.91M | $15.02M | $8.8M | $2.5M |
| Gross Margin | 54.5% | 49.4% | 54.3% | 59.6% | 55.5% | 47.7% | 58.5% | 61.4% | 52.6% | 54.8% | 50.7% | 47.0% | 44.6% | 43.3% | 44.4% | 45.8% | 43.2% | 42.8% | 40.1% | 38.0% | 32.2% | 32.8% | 24.8% | 11.9% |
| Research and Development | $19.95M | $16M | $21.69M | $23.55M | $24.67M | $23.34M | $25.22M | $21.36M | $17M | $15.8M | $12.1M | $11.92M | $13.11M | $11.47M | $10.64M | $10.63M | $9.07M | $5.74M | $4.37M | $4.95M | $5.38M | $4.8M | $5.5M | $6.21M |
| Selling, General, and Administrative | $11.22M | $10.76M | $10.56M | $9.94M | $10.22M | $11.14M | $10.92M | $10.46M | $9.9M | $11.14M | $17.66M | $19.25M | $18.81M | $13.7M | $19.36M | $10.72M | $9.53M | $9.29M | $9.46M | $6.21M | $4.8M | $5.76M | $4.15M | $4.5M |
| Other | $0 | -$5.79M | $0 | $0 | $0 | $0 | $0 | -$221K | -$12K | $166K | -$97K | $64K | -$49K | $9K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $31.17M | $20.98M | $32.25M | $33.49M | $34.89M | $34.48M | $36.15M | $31.81M | $26.9M | $26.94M | $29.76M | $31.16M | $31.92M | $25.17M | $29.99M | $21.35M | $18.6M | $15.03M | $13.83M | $11.16M | $10.17M | $10.56M | $9.65M | $10.71M |
| Operating Income (EBIT) | -$17.48M | -$10.84M | -$20.43M | -$15.81M | -$16.35M | -$21.26M | -$10.8M | -$182K | -$4.47M | -$527K | -$3.02M | -$6.04M | -$5.81M | $3.42M | $6.66M | $23.4M | $10.61M | $11.52M | $7.49M | $10.96M | $3.74M | $4.46M | -$852K | -$8.2M |
| Operating Margin | -69.6% | -52.8% | -93.9% | -53.2% | -49.0% | -76.7% | -24.9% | -0.4% | -10.5% | -1.1% | -5.7% | -11.3% | -9.9% | 5.2% | 8.1% | 23.9% | 15.7% | 18.6% | 14.1% | 18.8% | 8.7% | 9.8% | -2.4% | -39.1% |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $682K | $0 | $0 | $0 | $0 |
| Interest Income | $926K | $445K | $541K | $308K | $71K | $295K | $783K | $671K | $421K | $312K | $307K | $324K | $387K | $455K | $541K | $673K | $894K | $1.46M | $1.7M | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $4.1M | $326K | $414K | $202K | -$60K | $94K | $712K | $450K | $409K | $478K | $210K | $388K | $338K | $464K | $525K | $461K | $1.97M | $1.36M | $1.78M | $728K | $682K | $164K | $182K | $144K |
| Income Before Tax (EBT) | -$13.38M | -$10.51M | -$20.02M | -$15.61M | -$16.41M | -$21.17M | -$10.09M | $268K | -$4.06M | -$49K | -$2.81M | -$5.65M | -$5.48M | $3.88M | $7.18M | $23.86M | $12.58M | $12.89M | $9.28M | $11.69M | $4.42M | $4.63M | -$670K | -$8.06M |
| Income Tax Expense | -$132K | $130K | $70K | $372K | -$45K | $335K | $247K | $105K | $453K | $66K | -$641K | -$675K | $713K | $38K | $425K | $4.99M | $2.19M | $3.6M | $2.5M | $4.25M | $171K | -$155K | $0 | -$620K |
| Net Income | -$13.25M | -$10.64M | -$20.09M | -$15.98M | -$16.37M | -$21.5M | -$10.34M | $163K | -$4.51M | -$115K | -$2.17M | -$4.98M | -$6.19M | $3.85M | $6.76M | $18.88M | $10.38M | $9.29M | $6.77M | $7.43M | $4.25M | $4.78M | -$670K | -$7.44M |
| Net Income Margin | -52.7% | -51.9% | -92.3% | -53.8% | -49.0% | -77.6% | -23.8% | 0.3% | -10.6% | -0.2% | -4.1% | -9.3% | -10.6% | 5.8% | 8.2% | 19.3% | 15.4% | 15.0% | 12.7% | 12.8% | 9.8% | 10.5% | -1.9% | -35.5% |
| Supplementary Data | ||||||||||||||||||||||||
| EPS | -0.42 | -0.42 | -0.80 | -0.65 | -0.67 | -0.91 | -0.45 | 0.01 | -0.21 | -0.01 | -0.10 | -0.20 | -0.23 | 0.14 | 0.24 | 0.67 | 0.38 | 0.33 | 0.25 | 1.04 | 0.54 | 0.63 | -0.12 | -1.39 |
| Diluted EPS | -0.42 | -0.42 | -0.80 | -0.65 | -0.67 | -0.91 | -0.45 | 0.01 | -0.21 | -0.01 | -0.10 | -0.20 | -0.23 | 0.14 | 0.23 | 0.64 | 0.38 | 0.33 | 0.24 | 0.32 | 0.19 | 0.21 | -0.12 | -1.39 |
| Weighted Average OS | 31.84M | 25.55M | 25.14M | 24.59M | 24.30M | 23.67M | 22.97M | 23.35M | 21.09M | 20.65M | 21.70M | 24.89M | 26.91M | 27.12M | 28.50M | 28.01M | 27.11M | 27.73M | 27.54M | 6.25M | 6.15M | 6.11M | 5.66M | 5.33M |
| EBITDA | -$16.85M | -$15.96M | -$19.5M | -$16.7M | -$15.35M | -$20.05M | -$9.37M | $1.27M | -$3.22M | $1M | -$1.56M | -$4.41M | -$3.83M | $5.79M | $9.27M | $26.19M | $12.81M | $12.89M | $8.68M | $11.79M | $4.63M | $5.39M | $157K | -$7.12M |
| EBITDA Margin | -67.1% | -77.8% | -89.6% | -56.2% | -46.0% | -72.3% | -21.6% | 2.5% | -7.5% | 2.1% | -3.0% | -8.2% | -6.5% | 8.8% | 11.2% | 26.8% | 19.0% | 20.7% | 16.3% | 20.3% | 10.7% | 11.8% | 0.4% | -33.9% |
Balance Sheet
| Period | FY 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Period Ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 | 2018-03-31 | 2017-03-31 | 2016-03-31 | 2015-03-31 | 2014-03-31 | 2013-03-31 | 2012-03-31 | 2011-03-31 | 2010-03-31 | 2009-03-31 | 2008-03-31 | 2007-03-31 | 2006-03-31 | 2005-03-31 | 2004-03-31 | 2003-03-31 |
| Assets | ||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||
| Cash and Cash Equivalents | $67.21M | $13.43M | $14.43M | $27.21M | $36.97M | $36.97M | $51.51M | $42.49M | $40.24M | $33.74M | $31.96M | $36.78M | $41.52M | $41.12M | $31.63M | $25.95M | $24.66M | $12.6M | $15.9M | $4.28M | $11.51M | $8.52M | $3.49M | $6.15M |
| Short-Term Investments | $0 | $0 | $0 | $3.36M | $6.99M | $6.99M | $15.06M | $19.35M | $18.12M | $16.2M | $23.15M | $22.2M | $39.41M | $26.14M | $27.04M | $26.03M | $22.12M | $34.74M | $23.67M | $4M | $4M | $3M | $0 | $0 |
| Cash and Short-Term Investments | $67.21M | $13.43M | $14.43M | $30.57M | $43.96M | $43.96M | $66.57M | $61.84M | $58.37M | $49.94M | $55.11M | $58.98M | $80.93M | $67.26M | $58.68M | $51.98M | $46.78M | $47.34M | $39.56M | $8.28M | $15.51M | $11.52M | $3.49M | $6.15M |
| Accounts Receivable | $4.33M | $3.86M | $3.33M | $3.63M | $4.74M | $4.74M | $6.54M | $7.34M | $5.28M | $6.57M | $7.71M | $8.61M | $8.83M | $10.8M | $11.19M | $15.04M | $9.24M | $5.62M | $7.48M | $6.4M | $4.29M | $4.95M | $7.37M | $4.73M |
| Inventory | $4.08M | $3.89M | $4.98M | $6.42M | $4.66M | $4.66M | $4.28M | $5.68M | $5.55M | $9.21M | $7.17M | $8.41M | $8.19M | $13.81M | $16.73M | $21.38M | $15.44M | $10.99M | $15.7M | $24.21M | $12.6M | $12.04M | $14.82M | $7.58M |
| Other Current Assets | $2.98M | $432K | $6.7M | $925K | $1.26M | $1.26M | $937K | $1.36M | $1.12M | $1.68M | $0 | $0 | $0 | $1.22M | $1.1M | $1.73M | $1.27M | $975K | $0 | $2.08M | $1.81M | $2.18M | $1.15M | $1.54M |
| Total Current Assets | $79.19M | $23.45M | $30.11M | $41.88M | $54.69M | $54.69M | $79.11M | $77.36M | $71.27M | $68.27M | $71.96M | $77.94M | $102.51M | $97.48M | $95.19M | $95.71M | $76.62M | $67.37M | $65.88M | $44.17M | $36.03M | $31.45M | $28.43M | $20.79M |
| Long-Term Assets | ||||||||||||||||||||||||
| Property, Plant & Equipment Net | $9.15M | $10.36M | $2.7M | $8.11M | $8.25M | $8.25M | $8.12M | $9M | $8.17M | $7.69M | $8.65M | $8.71M | $9.68M | $10.77M | $12.81M | $13.54M | $12.34M | $5.13M | $5.84M | $4.75M | $2.21M | $1.71M | $2.4M | $2.94M |
| Goodwill | $7.98M | $7.98M | $7.98M | $7.98M | $7.98M | $7.98M | $7.98M | $7.98M | $7.98M | $7.98M | $8.03M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $1.09M | $1.32M | $1.56M | $1.79M | $2.02M | $2.02M | $2.49M | $2.72M | $2.99M | $3.3M | $3.65M | $393K | $564K | $744K | $925K | $1.1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $3.35M | $3.35M | $4.12M | $9M | $7.92M | $12.9M | $11.15M | $21.74M | $28.82M | $35.49M | $33.5M | $30.94M | $22.57M | $19.43M | $16M | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $11K | $157K | $0 | $0 | -$10.47M | $35K | $75K | $22K | $811K | $27K | $24K | $1.27M | $619K | $535K | $1.27M | $975K | $1.33M | $1.08M | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $552K | $206K | $122K | $126K | $137K | $137K | $11.21M | $125K | $1.13M | $2.43M | $2.27M | $78K | $80K | $82K | $83K | $83K | $1.6M | -$227K | $16.6M | -$89K | $1.31M | $361K | $71K | $70K |
| Total Long-Term Assets | $18.77M | $19.86M | $12.37M | $18.16M | $21.73M | $21.73M | $23.45M | $28.86M | $28.27M | $34.32M | $34.57M | $30.95M | $39.17M | $48.37M | $47.93M | $46.21M | $36.51M | $25.3M | $22.44M | $5.74M | $3.51M | $2.07M | $2.47M | $3.01M |
| 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 |
| Total Assets | $97.95M | $43.32M | $42.48M | $60.03M | $76.42M | $76.42M | $102.56M | $106.22M | $99.54M | $102.59M | $106.53M | $108.89M | $141.68M | $145.84M | $143.12M | $141.92M | $113.13M | $92.67M | $88.31M | $49.91M | $39.54M | $33.52M | $30.9M | $23.8M |
| Liabilities | ||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||
| Accounts Payable | $3.61M | $991K | $668K | $1.62M | $1.47M | $1.47M | $1.18M | $1.86M | $1.84M | $1.63M | $2.51M | $2.96M | $4.87M | $3.8M | $5.49M | $5.64M | $6.69M | $2.91M | $4.28M | $4.86M | $5.2M | $2.23M | $4.6M | $957K |
| Short-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 |
| Current Income Tax Payable | $0 | $0 | $10K | $345K | $127K | $127K | $620K | $622K | $619K | $244K | $116K | $780K | $1.46M | $2.8M | $203K | $1.56M | $838K | $351K | $366K | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $121K | $1.8M | $2.33M | $2.81M | $2.52M | $3.08M | $2.67M | $5.25M | $3.32M | $2.74M | $4.94M | $3.7M | $3.1M | $3.03M | $3.01M | $1.44M |
| Other Current Liabilities | $1.67M | $1.95M | $947K | $3.44M | $5.52M | $5.52M | $1.76M | $907K | $2.66M | $3.06M | $1.32M | $2.55M | $2.11M | $1.8M | $1.64M | $2.49M | $1.86M | $0 | $1.02M | $0 | $935K | $2.38M | $0 | $0 |
| Total Current Liabilities | $9.2M | $7.07M | $5.37M | $7.2M | $8.86M | $8.86M | $8.26M | $8.73M | $7.4M | $10.47M | $9.24M | $11.71M | $11.84M | $10.86M | $12.5M | $15.68M | $13.57M | $7.62M | $10.81M | $11.17M | $9.58M | $7.95M | $10.27M | $3.1M |
| 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 |
| 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 |
| Long-Term Deferred Tax Liabilities | $18K | $16K | $14K | $12K | $11K | $11K | $0 | $0 | $0 | $15K | $811K | $0 | $0 | $0 | $1.83M | $1.56M | $838K | $351K | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $160K | $1.05M | $2.74M | $2.74M | $4.52M | $4.33M | $5.32M | $5.66M | $6.61M | $780K | $1.46M | $2.8M | $0 | $0 | $0 | $0 | $366K | $9.01M | $9.01M | $9.01M | $9.01M | $9.01M |
| Total Long-Term Liabilities | $7M | $8.02M | $1.13M | $1.3M | $3.11M | $3.11M | $4.66M | $4.33M | $5.32M | $5.68M | $7.42M | $780K | $1.46M | $2.8M | $1.83M | $1.56M | $838K | $351K | $366K | $9.01M | $9.01M | $9.01M | $9.01M | $9.01M |
| 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 |
| Total Liabilities | $16.19M | $15.09M | $6.49M | $8.5M | $11.97M | $11.97M | $12.92M | $13.07M | $12.72M | $16.15M | $16.66M | $12.49M | $13.3M | $13.66M | $14.34M | $17.24M | $14.41M | $7.97M | $11.18M | $20.18M | $18.59M | $16.96M | $19.28M | $12.11M |
| Stockholders' Equity | ||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $49.91M | $0 | $0 | $0 | $0 |
| Common Stock | $37K | $26K | $25K | $25K | $24K | $24K | $23K | $22K | $21K | $21K | $22K | $23K | $28K | $27K | $28K | $29K | $28K | $27K | $28K | $6K | $6K | $6K | $6K | $6K |
| Retained Earnings | -$48.45M | -$35.2M | -$24.57M | -$4.48M | $11.5M | $11.5M | $49.37M | $59.71M | $59.55M | $64.66M | $64.77M | $66.94M | $71.92M | $78.11M | $74.26M | $67.5M | $48.63M | $38.25M | $28.96M | $22.18M | $14.75M | $10.5M | $5.72M | $6.39M |
| Comprehensive Income & Other | -$87K | -$87K | -$87K | -$127K | -$154K | -$154K | $71K | -$37K | -$142K | -$62K | $27K | $26K | $33K | $45K | $88K | $83K | $190K | $230K | $16K | $0 | -$166K | -$261K | -$352K | -$531K |
| Other Stockholders' Equity | $130.18M | $63.41M | $60.51M | $55.83M | $52.93M | $52.93M | $40.25M | $33.42M | $27.25M | $21.77M | $25.08M | $29.43M | $56.43M | $54.05M | $54.49M | $57.15M | $50.06M | $46.43M | $48.16M | $7.54M | $6.2M | $6.06M | $5.89M | $5.3M |
| Total Equity | $81.76M | $28.23M | $35.97M | $51.37M | $64.45M | $64.45M | $89.64M | $93.16M | $86.81M | $86.44M | $89.87M | $96.4M | $128.38M | $132.18M | $128.78M | $124.68M | $98.72M | $84.7M | $77.14M | $29.73M | $20.96M | $16.57M | $11.62M | $11.7M |
| 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 |
| Total Liabilities and Equity | $97.95M | $43.32M | $42.46M | $59.88M | $76.42M | $76.42M | $102.56M | $106.22M | $99.54M | $102.59M | $106.53M | $108.89M | $141.68M | $145.84M | $143.12M | $141.92M | $113.13M | $92.67M | $88.31M | $49.91M | $39.54M | $33.52M | $30.9M | $23.8M |
| Supplementary Data | ||||||||||||||||||||||||
| Total Debt | $8.47M | $9.64M | $1.52M | $651K | $898K | $898K | $640K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Debt | -$58.75M | -$3.79M | -$12.91M | -$26.56M | -$36.07M | -$36.07M | -$50.87M | -$42.49M | -$40.24M | -$33.74M | -$31.96M | -$36.78M | -$41.52M | -$41.12M | -$31.63M | -$25.95M | -$24.66M | -$12.6M | -$15.9M | -$4.28M | -$11.51M | -$8.52M | -$3.49M | -$6.15M |
Cash Flow Statement
| Period | FY 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Period Ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 | 2018-03-31 | 2017-03-31 | 2016-03-31 | 2015-03-31 | 2014-03-31 | 2013-03-31 | 2012-03-31 | 2011-03-31 | 2010-03-31 | 2009-03-31 | 2008-03-31 | 2007-03-31 | 2006-03-31 | 2005-03-31 | 2004-03-31 | 2003-03-31 |
| Operating Activities | ||||||||||||||||||||||||
| Net Income | -$13.25M | -$10.64M | -$20.09M | -$15.98M | -$16.37M | -$21.5M | -$10.34M | $163K | -$4.51M | -$115K | -$2.17M | -$4.98M | -$6.19M | $3.85M | $6.76M | $18.88M | $10.38M | $9.29M | $6.77M | $7.43M | $4.25M | $4.78M | -$670K | -$7.44M |
| Depreciation & Amortization | $628K | $665K | $927K | $1.01M | $1M | $1.21M | $1.43M | $1.45M | $1.25M | $1.53M | $1.46M | $1.63M | $1.98M | $2.38M | $2.61M | $2.79M | $2.2M | $1.36M | $1.19M | $836K | $893K | $926K | $1.01M | $1.08M |
| Deferred Income Tax | $0 | $0 | $0 | $218K | $0 | $589K | $0 | $0 | $0 | $0 | $0 | $1.22M | $1.22M | -$127K | $557K | -$1.34M | -$299K | $591K | -$211K | $40K | -$734K | -$1.29M | $0 | $2.49M |
| Stock-Based Compensation | $2.8M | $2.26M | $2.84M | $2.47M | $2.99M | $2.85M | $0 | $2.27M | $2.07M | $1.88M | $1.85M | $2.08M | $2.23M | $2.28M | $2.1M | $1.71M | $1.48M | $1.33M | $1.46M | $1.22M | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||
| Accounts Receivable | -$1.17M | -$53K | $369K | $1.07M | -$814K | $2.63M | $1.03M | -$2.1M | $1.11M | $1.13M | $782K | -$11K | $2.01M | $322K | $4.47M | -$5.8M | -$3.6M | $1.85M | -$1.09M | -$2M | $0 | $0 | $0 | $0 |
| Inventory | -$489K | $781K | $1.26M | -$1.99M | -$714K | -$527K | $1.06M | -$1.33M | $2.1M | -$2.63M | $66K | -$1.29M | $3.54M | $2.14M | $3.96M | -$7.08M | -$1.13M | $3.77M | $7.79M | -$12M | -$1.67M | $2.74M | -$8.09M | $5.18M |
| Accounts Payable | $2.64M | $306K | -$355K | -$383K | -$127K | $383K | -$680K | $48K | $189K | -$887K | -$441K | -$1.92M | $1.07M | -$1.61M | -$17K | -$760K | $3.4M | -$1.32M | -$578K | -$512K | $0 | $0 | $0 | $0 |
| Other Working Capital | -$2.57M | -$1.75M | -$2.15M | -$2.17M | $882K | -$1.49M | -$687K | $1.31M | -$2.74M | $480K | -$2.46M | $3.96M | -$365K | $3.77M | -$5.42M | $3M | $1.61M | -$2.21M | $2.43M | -$44K | $1.16M | $922K | $3.86M | -$3.41M |
| Total Working Capital Change | -$1.59M | -$715K | -$874K | -$3.47M | -$773K | $998K | $719K | -$2.08M | $662K | -$1.91M | -$2.06M | $737K | $6.25M | $4.62M | $2.99M | -$10.64M | $281K | $2.08M | $8.55M | -$14.55M | -$510K | $3.66M | -$4.23M | $1.78M |
| Other Non-Cash Items | -$4.52M | -$4.55M | -$154K | -$1.1M | -$682K | $598K | $3.5M | $1.2M | $1.59M | $666K | $1.38M | $428K | $2.95M | $1.72M | $1.95M | $1.95M | -$339K | $1.54M | $1.06M | $283K | $1.27M | $150K | $1.64M | $784K |
| Net Cash from Operating | -$15.92M | -$12.97M | -$17.35M | -$16.84M | -$13.83M | -$15.25M | -$4.68M | $3.01M | $1.06M | $2.05M | $460K | $1.12M | $8.45M | $14.71M | $16.96M | $13.35M | $13.7M | $16.2M | $18.83M | -$4.74M | $5.17M | $8.22M | -$2.25M | -$1.31M |
| Investing Activities | ||||||||||||||||||||||||
| Capital Expenditures | -$486K | -$45K | -$645K | -$316K | -$774K | -$203K | -$331K | -$2.09M | -$1.32M | -$219K | -$1.16M | -$481K | -$761K | -$385K | -$1.68M | -$4.3M | -$6.02M | -$674K | -$3.34M | -$2.03M | -$1.39M | -$233K | -$473K | -$1.95M |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | -$3.49M | $0 | $0 | $0 | $7.34M | -$4.36M | $0 | $0 | $0 | $0 | $0 | -$6.33M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | -$7.16M | -$17.51M | -$18.12M | -$20.31M | -$13.24M | -$18.56M | -$14.15M | -$16.01M | -$35.87M | -$35.61M | -$38.17M | -$48.99M | -$28.67M | -$49.71M | -$75.82M | -$9.5M | -$1M | -$3M | $0 | $0 |
| Sales of Investments | $0 | $0 | $3.4M | $7M | $12.13M | $21M | $27.42M | $18.17M | $16.14M | $23.6M | $23.59M | $39.7M | $28.41M | $33.45M | $33.33M | $35.76M | $37.19M | $34.15M | $40.23M | $9.5M | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $11.39M | $0 | $0 | $0 | $3.49M | $0 | $750K | $1.23M | -$7.34M | -$2.98M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1M | $0 | $159K | -$8K | -$8K | $0 |
| Net Cash from Investing | -$486K | $11.35M | $2.76M | $6.68M | $4.2M | $3.29M | $8.97M | -$3.47M | $2.81M | $4.82M | $935K | $23.21M | -$8.21M | -$2.55M | -$6.52M | -$17.53M | -$3.83M | -$16.23M | -$37.93M | -$2.03M | -$2.23M | -$3.24M | -$481K | -$1.95M |
| Financing Activities | ||||||||||||||||||||||||
| Debt Repaid | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $70.19M | $633K | $153K | $402K | $2.37M | $4.69M | $4.15M | $0 | $3.49M | $0 | $0 | $0 | $0 | $0 | $1.5M | $4.6M | $1.64M | $544K | $31.46M | $124K | $46K | $50K | $65K | $76K |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$103K | $0 | -$7.11M | -$7.03M | -$30.03M | -$2.88M | -$3.63M | -$6.34M | $0 | -$58K | -$4.09M | -$739K | $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 |
| Other Financing Activities | $0 | $0 | $1.65M | $0 | $0 | $0 | -$428K | -$1.08M | -$862K | $2.01M | $818K | $952K | $3.05M | $92K | $75K | $882K | $612K | $280K | $13K | -$580K | $0 | $0 | $0 | $0 |
| Net Cash from Financing | $70.19M | $633K | $1.81M | $402K | $2.37M | $4.69M | $4.72M | $2.72M | $2.63M | -$5.1M | -$6.21M | -$29.07M | $168K | -$2.68M | -$4.76M | $5.48M | $2.19M | -$3.27M | $30.73M | -$456K | $46K | $50K | $65K | $76K |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | -$1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $53.78M | -$995K | -$12.78M | -$9.76M | -$7.26M | -$7.27M | $8.01M | $2.25M | $6.5M | $1.77M | -$4.81M | -$4.74M | $400K | $9.49M | $5.68M | $1.29M | $12.06M | -$3.3M | $11.62M | -$7.23M | $2.98M | $5.03M | -$2.66M | -$3.18M |
| Supplementary Data | ||||||||||||||||||||||||
| Operating Cash Flow | -$15.92M | -$12.97M | -$17.35M | -$16.84M | -$13.83M | -$15.25M | -$4.68M | $3.01M | $1.06M | $2.05M | $460K | $1.12M | $8.45M | $14.71M | $16.96M | $13.35M | $13.7M | $16.2M | $18.83M | -$4.74M | $5.17M | $8.22M | -$2.25M | -$1.31M |
| Capital Expenditure | -$486K | -$45K | -$645K | -$316K | -$774K | -$203K | -$331K | -$2.09M | -$1.32M | -$219K | -$1.16M | -$481K | -$761K | -$385K | -$1.68M | -$4.3M | -$6.02M | -$674K | -$3.34M | -$2.03M | -$1.39M | -$233K | -$473K | -$1.95M |
| Free Cash Flow | -$16.41M | -$13.02M | -$18M | -$17.16M | -$14.6M | -$15.46M | -$5.01M | $916K | -$255K | $1.83M | -$698K | $640K | $7.69M | $14.33M | $15.28M | $9.05M | $7.68M | $15.52M | $15.49M | -$6.77M | $3.78M | $7.99M | -$2.72M | -$3.26M |
| Cash at Beginning | $13.43M | $14.43M | $27.21M | $36.97M | $44.23M | $51.51M | $43.49M | $40.24M | $33.74M | $31.96M | $36.78M | $41.52M | $41.12M | $31.63M | $25.95M | $24.66M | $12.6M | $15.9M | $4.28M | $11.51M | $8.52M | $3.49M | $6.15M | $9.33M |
| Cash at End | $67.21M | $13.43M | $14.43M | $27.21M | $36.97M | $44.23M | $51.51M | $42.49M | $40.24M | $33.74M | $31.96M | $36.78M | $41.52M | $41.12M | $31.63M | $25.95M | $24.66M | $12.6M | $15.9M | $4.28M | $11.51M | $8.52M | $3.49M | $6.15M |