Lake Shore Bancorp, Inc. /MD/ (LSBK)
Lake Shore Bancorp, Inc. functions as the parent entity for Lake Shore Savings Bank, through which it delivers a comprehensive array of banking and financial services. The bank provides a diverse selection of deposit products, including various savings accounts (such as specialized Christmas Club accounts and standard statement savings), money market accounts, both interest-bearing and non-interest-bearing checking accounts (like demand deposits), health savings accounts, retirement savings vehicles, fixed-term certificates of deposit, and interest on lawyer accounts. These offerings cater to individual clients, as well as small to medium-sized businesses, providing them with commercial savings, checking, and money market solutions. Its lending portfolio is equally broad, featuring commercial real estate loans, financing for commercial construction projects, and home equity loans and lines of credit. Business clients can also access various commercial loans, including installment loans, lines of credit, and other tailored commercial financing. Furthermore, the bank originates one-to-four-family residential mortgages and offers consumer credit products such as personal loans, overdraft protection lines, vehicle financing, secured and unsecured property improvement loans, and loans backed by certificates of deposit. As of February 11, 2022, Lake Shore Savings Bank operated eleven full-service branches across Western New York, with five locations situated in Chautauqua County and the remaining six in Erie County. Established in 1891, the company maintains its primary office in Dunkirk, New York, and operates as a subsidiary of Lake Shore, MHC.
Sector: Savings Institution, Federally Chartered
Industry: Banks - Regional
Lake Shore Bancorp, Inc.
NASDAQ:LSBKFinancial Services · Banks - Regional
-0.53%$18.61
AH Close$18.61+0.00%vs close
AH Close$18.61+0.00%vs close
Mkt Cap$146.16M
Float6.68M
O/S7.85M
Inst Own29.1%
SI0.4%
Div Yield1.93%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$39.55M
Net Income$7.27M
Total Assets$727.32M
Free Cash Flow$7.44M
Debt & Equity
Debt 1%
Equity 99%
Total Debt$1.33M
Total Equity$141.64M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in LSBK's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$727.32M
Liabilities$585.68M
Accounts Receivable$3.01M
Accounts Payable$0
Inventory$0
PP&E (Net)$7.05M
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Revenue | $39.55M | $38.11M | $36.39M | $29.46M | $27.85M | $27.33M | $26.76M | $24.01M | $22.06M | $21.59M | $20.29M | $20.11M | $20.71M | $21.68M | $22.43M | $23.38M | $22.11M | $22.52M | $20.62M | $19.58M | $17.8M | $7.47M | $6.77M | $6.95M | $9.2M |
| YoY Growth | 3.8% | 4.7% | 23.5% | 5.8% | 1.9% | 2.1% | 11.4% | 8.8% | 2.2% | 6.4% | 0.9% | -2.9% | -4.5% | -3.3% | -4.1% | 5.8% | -1.8% | 9.2% | 5.3% | 10.0% | 138.2% | 10.4% | -2.7% | -24.4% | - |
| Cost of Revenue | $11.5M | $12.26M | $8.35M | $3.14M | $3.31M | $6.03M | $6.1M | $3.99M | $3.14M | $3.42M | $3.16M | $3.57M | $3.66M | $5.26M | $6.05M | $8.43M | $8.19M | $9.17M | $9.24M | $8.2M | $6.45M | $5.6M | $5.04M | $5.31M | $7.38M |
| Gross Profit | $28.06M | $25.85M | $28.04M | $26.32M | $24.53M | $21.3M | $20.66M | $20.02M | $18.92M | $18.17M | $17.14M | $16.54M | $17.05M | $16.42M | $16.38M | $14.95M | $13.91M | $13.35M | $11.39M | $11.38M | $11.36M | $1.88M | $1.73M | $1.65M | $1.82M |
| Gross Margin | 70.9% | 67.8% | 77.0% | 89.3% | 88.1% | 77.9% | 77.2% | 83.4% | 85.8% | 84.2% | 84.4% | 82.3% | 82.3% | 75.7% | 73.0% | 63.9% | 62.9% | 59.3% | 55.2% | 58.1% | 63.8% | 25.1% | 25.5% | 23.7% | 19.8% |
| Research and Development | $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 |
| Selling, General, and Administrative | $8.89M | $12.34M | $12.95M | $10.84M | $9.78M | $9.43M | $9.55M | $9.13M | $8.37M | $7.98M | $7.53M | $7.32M | $6.91M | $6.75M | $6.57M | $7.02M | $7.31M | $6.22M | $5.11M | $4.86M | $4.67M | $4.47M | $0 | $0 | $0 |
| Other | $10.41M | $7.64M | $8.87M | $8.61M | $7.27M | $6.49M | $6.37M | $6.3M | $5.99M | $5.9M | $5.55M | $5.5M | $5.43M | $5.06M | $4.74M | $4.51M | $3.73M | $5.32M | $4.01M | $3.79M | $3.68M | -$5.67M | -$523K | -$1.68M | -$1.26M |
| Total Operating Expenses | $19.31M | $19.98M | $21.82M | $19.45M | $17.06M | $15.92M | $15.92M | $15.43M | $14.36M | $13.88M | $13.08M | $12.82M | $12.33M | $11.81M | $11.31M | $11.53M | $11.04M | $11.54M | $9.12M | $8.65M | $8.35M | -$1.21M | -$523K | -$1.68M | -$1.26M |
| Operating Income (EBIT) | $8.75M | $5.87M | $6.21M | $6.87M | $7.47M | $5.38M | $4.74M | $4.58M | $4.56M | $4.29M | $4.05M | $3.73M | $4.71M | $4.61M | $5.07M | $3.42M | $2.88M | $1.81M | $2.27M | $2.73M | $3.01M | $3.08M | $2.25M | $3.32M | $3.08M |
| Operating Margin | 22.1% | 15.4% | 17.1% | 23.3% | 26.8% | 19.7% | 17.7% | 19.1% | 20.7% | 19.9% | 20.0% | 18.5% | 22.8% | 21.3% | 22.6% | 14.6% | 13.0% | 8.0% | 11.0% | 13.9% | 16.9% | 41.2% | 33.3% | 47.8% | 33.5% |
| Interest Expense | $11.72M | $13.74M | $9.4M | $2.42M | $2.67M | $4.4M | $5.2M | $3.6M | $2.63M | $2.29M | $2.76M | $3.35M | $3.56M | $4.6M | $5.64M | $6.32M | $7.93M | $8.78M | $9.13M | $8.04M | $6.43M | $5.33M | $4.69M | $4.95M | $7.05M |
| Interest Income | $36.28M | $34.8M | $33.76M | $26.75M | $24.66M | $24.34M | $24.27M | $21.54M | $19.41M | $17.52M | $17.59M | $17.88M | $18.61M | $19.65M | $20.77M | $19.93M | $19.69M | $19.98M | $18.62M | $17.77M | $15.96M | $14.74M | $12.78M | $13.18M | $14.21M |
| Other Income (Expense) | $0 | $0 | $7K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Income Before Tax (EBT) | $8.75M | $5.87M | $6.22M | $6.87M | $7.47M | $5.38M | $4.74M | $4.58M | $4.56M | $4.29M | $4.05M | $3.73M | $4.71M | $4.61M | $5.07M | $3.42M | $2.88M | $1.81M | $2.27M | $2.73M | $3.01M | $3.08M | $2.25M | $3.32M | $3.08M |
| Income Tax Expense | $1.48M | $935K | $1.4M | $1.16M | $1.29M | $824K | $655K | $585K | $1.19M | $775K | $716K | $567K | $968K | $984K | $1.39M | $373K | $718K | $342K | $451K | $911K | $953K | $902K | $744K | $1.08M | $1.02M |
| Net Income | $7.27M | $4.93M | $4.82M | $5.71M | $6.19M | $4.56M | $4.09M | $4M | $3.38M | $3.52M | $3.34M | $3.16M | $3.74M | $3.63M | $3.68M | $3.04M | $2.16M | $1.47M | $1.82M | $1.82M | $2.05M | $2.18M | $1.51M | $2.24M | $2.06M |
| Net Income Margin | 18.4% | 12.9% | 13.2% | 19.4% | 22.2% | 16.7% | 15.3% | 16.7% | 15.3% | 16.3% | 16.4% | 15.7% | 18.1% | 16.7% | 16.4% | 13.0% | 9.8% | 6.5% | 8.8% | 9.3% | 11.5% | 29.2% | 22.3% | 32.2% | 22.4% |
| Supplementary Data | |||||||||||||||||||||||||
| EPS | 0.96 | 0.65 | 0.61 | 0.72 | 1.05 | 0.56 | 0.50 | 0.49 | 0.41 | 0.43 | 0.42 | 0.41 | 0.49 | 0.47 | 0.48 | 0.39 | 0.27 | 0.18 | 0.21 | 0.21 | 0.24 | 0.25 | 0.18 | 0.26 | 0.24 |
| Diluted EPS | 0.96 | 0.65 | 0.61 | 0.72 | 1.05 | 0.56 | 0.50 | 0.49 | 0.41 | 0.43 | 0.42 | 0.41 | 0.48 | 0.47 | 0.48 | 0.39 | 0.27 | 0.18 | 0.21 | 0.21 | 0.24 | 0.25 | 0.18 | 0.26 | 0.24 |
| Weighted Average OS | 7.44M | 7.62M | 7.93M | 7.97M | 7.97M | 8.07M | 8.13M | 8.23M | 8.28M | 8.15M | 7.99M | 7.79M | 7.73M | 7.73M | 7.71M | 7.84M | 7.99M | 8.19M | 8.37M | 8.96M | 8.56M | 8.72M | 8.56M | 8.56M | 8.56M |
| EBITDA | $9.21M | $6.61M | $7.03M | $7.73M | $8.34M | $6.22M | $5.55M | $5.36M | $5.42M | $5.16M | $4.89M | $4.47M | $5.41M | $5.27M | $5.73M | $4.02M | $3.42M | $2.34M | $2.81M | $3.38M | $3.63M | $3.69M | $2.25M | $3.32M | $3.08M |
| EBITDA Margin | 23.3% | 17.3% | 19.3% | 26.2% | 29.9% | 22.8% | 20.7% | 22.3% | 24.5% | 23.9% | 24.1% | 22.2% | 26.1% | 24.3% | 25.5% | 17.2% | 15.5% | 10.4% | 13.6% | 17.3% | 20.4% | 49.3% | 33.3% | 47.8% | 33.5% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Assets | |||||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||||
| Cash and Cash Equivalents | $64.28M | $33.13M | $53.73M | $9.63M | $67.58M | $42.98M | $30.29M | $12.12M | $14.28M | $14.98M | $20.01M | $27.04M | $10.07M | $11.77M | $12.43M | $22.81M | $14.81M | $11.46M | $10.05M | $10.28M | $11.26M | $11.58M | $16.75M | $16.24M | $14.27M |
| Short-Term Investments | $52.54M | $56.49M | $60.44M | $73.05M | $88.8M | $79.23M | $71.2M | $86.19M | $80.42M | $86.33M | $113.21M | $138.2M | $157.96M | $159.37M | $164.16M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $116.82M | $89.63M | $114.17M | $82.68M | $156.38M | $122.21M | $101.49M | $98.32M | $94.7M | $101.31M | $133.22M | $165.24M | $168.03M | $171.13M | $176.6M | $22.81M | $14.81M | $11.46M | $10.05M | $10.28M | $11.26M | $11.58M | $16.75M | $16.24M | $14.27M |
| Accounts Receivable | $3.01M | $2.82M | $2.83M | $2.8M | $2.48M | $2.99M | $2.15M | $1.91M | $1.8M | $1.6M | $1.65M | $1.72M | $1.79M | $1.8M | $1.92M | $1.8M | $1.72M | $1.73M | $1.49M | $1.4M | $1.27M | $1.2M | $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 |
| Other Current Assets | -$55.55M | $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 Current Assets | $64.28M | $92.44M | $117.01M | $85.48M | $158.87M | $125.19M | $103.64M | $100.23M | $96.5M | $102.91M | $134.87M | $166.95M | $169.82M | $172.94M | $178.52M | $24.61M | $16.53M | $13.19M | $11.54M | $11.69M | $12.54M | $12.77M | $16.75M | $16.24M | $14.27M |
| Long-Term Assets | |||||||||||||||||||||||||
| Property, Plant & Equipment Net | $7.05M | $7.22M | $7.87M | $8.29M | $8.74M | $8.97M | $9.41M | $9.42M | $9.37M | $8.75M | $9.14M | $9.52M | $9.64M | $9.69M | $8.53M | $8.97M | $7.95M | $8.2M | $6.92M | $7.23M | $7.65M | $6.64M | $0 | $0 | $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 |
| Intangible Assets | $0 | $177K | $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 | $555.44M | $544.62M | $555.83M | $573.54M | $517.23M | $524.2M | $470.82M | $392.47M | $365.06M | $326.37M | $297.1M | $284.85M | $277.35M | $272.93M | $275.07M | $416.95M | $377.56M | $353.33M | $324.63M | $313.69M | $302.52M | $301.05M | $270.17M | $209.73M | $187.65M |
| 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 |
| Other Long-Term Assets | $100.55M | $41.04M | $44.41M | $32.62M | $28.91M | $27.84M | $27M | $43.59M | $48.04M | $51.15M | $32.27M | $26.15M | $25.36M | $26.83M | $26.48M | $28.52M | $23.62M | $33.13M | $14.7M | $21.63M | $11.02M | $9.37M | $16.59M | $12.09M | $12.16M |
| Total Long-Term Assets | $663.04M | $593.06M | $608.11M | $614.44M | $554.87M | $561M | $507.23M | $445.48M | $422.48M | $386.26M | $338.51M | $320.52M | $312.35M | $309.45M | $310.08M | $454.44M | $409.12M | $394.65M | $346.26M | $342.55M | $321.19M | $317.07M | $286.76M | $221.82M | $199.82M |
| 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 |
| Total Assets | $727.32M | $685.5M | $725.12M | $699.91M | $713.74M | $686.2M | $610.87M | $545.71M | $518.98M | $489.17M | $473.38M | $487.47M | $482.17M | $482.39M | $488.6M | $479.05M | $425.66M | $407.83M | $357.8M | $354.24M | $333.72M | $329.84M | $303.51M | $238.06M | $214.09M |
| Liabilities | |||||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||||
| Accounts 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 |
| Short-Term Debt | $0 | $0 | $0 | $12.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $11.65M | $11.2M | $6.91M | $5M | $6.85M | $5.5M | $18.5M | $10.61M | $11.21M | $11.72M | $11.8M | $4M | $1.11M |
| 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 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $3.23M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $320K | $572.98M | $590.92M | $570.12M | $593.18M | $560.26M | $480.24M | $432.46M | $405.15M | $385.89M | $369.15M | $386.94M | $388.24M | $378.54M | $379.8M | $375.79M | $318.41M | $293.25M | $240.83M | $249.64M | $250.89M | $243.55M | $230.5M | $195.09M | $182.07M |
| Total Current Liabilities | $320K | $572.98M | $590.92M | $582.72M | $593.18M | $560.26M | $483.48M | $432.46M | $405.15M | $385.89M | $369.15M | $386.94M | $399.88M | $389.74M | $386.71M | $380.79M | $325.26M | $298.75M | $259.33M | $260.24M | $262.1M | $255.28M | $242.29M | $199.1M | $183.18M |
| Long-Term Liabilities | |||||||||||||||||||||||||
| Long-Term Debt | $594K | $10.25M | $35.25M | $24.95M | $21.95M | $29.75M | $34.65M | $24.65M | $26.95M | $18.95M | $21.15M | $18.95M | $7.85M | $14.4M | $27.23M | $34.16M | $36.15M | $46.46M | $37.94M | $32.75M | $37.48M | $44.36M | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $3.05M | $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 |
| Other Long-Term Liabilities | $581.58M | $12.41M | $12.67M | $11.06M | $10.63M | $10.27M | $9.9M | $8.8M | $8.5M | $8.3M | $9.2M | $9.95M | $9.16M | $11.26M | $10.71M | $8.89M | $8.8M | $8.4M | $7.06M | $7.5M | $6.15M | $3.29M | $36.27M | $15.02M | $9.2M |
| Total Long-Term Liabilities | $585.36M | $22.66M | $47.92M | $36.02M | $32.58M | $40.02M | $44.55M | $33.45M | $35.45M | $27.25M | $30.35M | $28.9M | $17.01M | $25.66M | $37.94M | $43.05M | $44.95M | $54.86M | $45M | $40.25M | $43.63M | $47.65M | $36.27M | $15.02M | $9.2M |
| 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 |
| Total Liabilities | $585.68M | $595.64M | $638.85M | $618.73M | $625.76M | $600.28M | $528.03M | $465.9M | $440.6M | $413.14M | $399.51M | $415.84M | $416.9M | $415.4M | $424.65M | $423.84M | $370.21M | $353.61M | $304.34M | $300.49M | $305.73M | $302.93M | $278.56M | $214.11M | $192.38M |
| 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 |
| Common Stock | $78K | $68K | $68K | $68K | $68K | $68K | $68K | $68K | $68K | $68K | $67K | $67K | $66K | $66K | $66K | $66K | $66K | $66K | $66K | $66K | $0 | $0 | $0 | $0 | $0 |
| Retained Earnings | $88.4M | $82.81M | $78.96M | $74.86M | $70.59M | $65.49M | $61.95M | $59.15M | $56.18M | $53.55M | $50.92M | $48.19M | $45.62M | $42.47M | $39.77M | $36.74M | $34.22M | $32.52M | $31.53M | $30.06M | $28.33M | $26.27M | $0 | $0 | $0 |
| Comprehensive Income & Other | -$7.7M | -$9.96M | -$9.38M | -$10.33M | $978K | $2.15M | $1.33M | $129K | $791K | $1.38M | $2.84M | $3.52M | $505K | $5.46M | $5.04M | -$533K | $989K | $1.13M | $182K | -$3.92M | -$331K | $643K | $0 | $0 | $0 |
| Other Stockholders' Equity | $53.16M | $7M | $7.25M | $6.26M | $17.32M | $20.37M | $20.82M | $20.59M | $22.13M | $22.42M | $22.89M | $23.37M | $19.58M | $24.45M | $24.11M | $18.41M | $21.16M | $21.64M | $21.86M | $23.62M | -$331K | $643K | $24.95M | $23.94M | $21.7M |
| Total Equity | $141.64M | $89.87M | $86.27M | $81.18M | $87.98M | $85.92M | $82.84M | $79.8M | $78.38M | $76.03M | $73.88M | $71.63M | $65.27M | $66.98M | $63.95M | $55.21M | $55.45M | $54.23M | $53.47M | $53.75M | $28M | $26.91M | $24.95M | $23.94M | $21.7M |
| 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 | $0 |
| Total Liabilities and Equity | $727.32M | $685.5M | $725.12M | $699.91M | $713.74M | $686.2M | $610.87M | $545.71M | $518.98M | $489.17M | $473.38M | $487.47M | $482.17M | $482.39M | $488.6M | $479.05M | $425.66M | $407.83M | $357.8M | $354.24M | $333.72M | $329.84M | $303.51M | $238.06M | $214.09M |
| Supplementary Data | |||||||||||||||||||||||||
| Total Debt | $1.33M | $10.25M | $35.25M | $37.55M | $21.95M | $29.75M | $34.65M | $24.65M | $26.95M | $18.95M | $21.15M | $18.95M | $19.5M | $25.6M | $34.14M | $39.16M | $43M | $51.96M | $56.45M | $43.35M | $48.69M | $56.08M | $11.8M | $4M | $1.11M |
| Net Debt | -$62.95M | -$22.88M | -$18.48M | $27.91M | -$45.63M | -$13.22M | $4.36M | $12.53M | $12.67M | $3.97M | $1.14M | -$8.09M | $9.43M | $13.83M | $21.71M | $16.35M | $28.19M | $40.51M | $46.4M | $33.07M | $37.42M | $44.51M | -$4.95M | -$12.23M | -$13.15M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Operating Activities | ||||||||||||||||||||||
| Net Income | $7.27M | $4.93M | $4.82M | $5.71M | $6.19M | $4.56M | $4.09M | $4M | $3.38M | $3.52M | $3.34M | $3.16M | $3.74M | $3.63M | $3.68M | $3.04M | $2.16M | $1.47M | $1.82M | $1.82M | $2.05M | $2.18M |
| Depreciation & Amortization | $462K | $739K | $807K | $856K | $865K | $840K | $809K | $774K | $852K | $865K | $834K | $750K | $699K | $663K | $655K | $602K | $545K | $526K | $544K | $652K | $618K | $607K |
| Deferred Income Tax | -$154K | $128K | $17K | -$187K | $217K | -$492K | -$41K | $135K | $219K | -$222K | $257K | -$26K | -$46K | -$240K | -$40K | $111K | -$317K | -$480K | $138K | -$217K | $286K | -$57K |
| Stock-Based Compensation | $387K | $345K | $103K | $335K | $374K | $322K | $442K | $575K | $566K | $325K | $327K | $209K | $132K | $124K | $304K | $397K | $316K | $291K | $310K | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||
| Accounts Receivable | -$184K | $16K | -$39K | -$313K | $504K | -$834K | -$240K | -$112K | -$201K | $48K | $68K | $71K | $15K | $117K | -$118K | -$80K | $9K | -$236K | -$90K | $0 | $0 | -$153K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $158K | -$2.52M | $828K | $916K | -$671K | -$1.1M | -$778K | -$247K | $85K | -$345K | -$531K | -$611K | -$301K | $590K | $152K | -$601K | $631K | $593K | -$449K | $2.19M | $97K | $0 |
| Total Working Capital Change | -$26K | -$2.51M | $789K | $603K | -$167K | -$1.93M | -$1.02M | -$359K | -$116K | -$297K | -$463K | -$540K | -$286K | $707K | $34K | -$681K | $640K | $357K | -$539K | $2.19M | $97K | -$153K |
| Other Non-Cash Items | $60K | -$1.13M | -$331K | $890K | $1.07M | $2.31M | $1.56M | $989K | $928K | $108K | $670K | $796K | $1.14M | $1.87M | $1.52M | $1.43M | -$798K | $2.02M | -$182K | $58K | -$125K | $1.25M |
| Net Cash from Operating | $8M | $2.51M | $6.21M | $8.21M | $8.55M | $5.6M | $5.84M | $6.11M | $5.83M | $4.29M | $4.96M | $4.35M | $5.38M | $6.75M | $6.15M | $4.9M | $2.55M | $4.18M | $2.09M | $4.5M | $2.93M | $3.83M |
| Investing Activities | ||||||||||||||||||||||
| Capital Expenditures | -$2.56M | $0 | -$391K | -$406K | -$627K | -$399K | -$810K | -$818K | -$1.48M | -$468K | -$459K | -$627K | -$657K | -$1.82M | -$216K | -$1.62M | -$301K | -$1.81M | -$229K | -$236K | -$1.63M | -$783K |
| Acquisitions | $0 | $41K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$150K | -$350K | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | -$6.14M | -$29.96M | -$27.96M | -$2.27M | -$16.17M | -$13.22M | $0 | $0 | $0 | -$35.97M | -$32.6M | -$30.2M | -$77.2M | -$37.57M | -$26.35M | -$14.69M | -$30.47M | -$21.41M | -$44.79M |
| Sales of Investments | $2.32M | $3.25M | $13.7M | $7.51M | $18.82M | $20.91M | $18.83M | $9.43M | $18.51M | $26.26M | $23.87M | $24.61M | $30.24M | $36.09M | $29.01M | $40.38M | $33.12M | $19.53M | $16.91M | $19.75M | $24.97M | $26.31M |
| Other Investing Activities | -$7.89M | $17.83M | $6.21M | -$58.16M | $6.03M | -$54.69M | -$80.48M | -$31.53M | -$40.27M | -$33.05M | -$13.5M | -$7.81M | -$4.76M | -$1.48M | -$12.85M | -$6.34M | -$19.89M | -$22.67M | -$14.16M | -$3.8M | -$6.75M | -$13.62M |
| Net Cash from Investing | -$8.13M | $21.12M | $19.52M | -$57.2M | -$5.74M | -$62.14M | -$64.73M | -$39.09M | -$36.46M | -$7.25M | $9.91M | $16.17M | -$11.15M | $179K | -$14.26M | -$44.78M | -$24.64M | -$31.45M | -$12.52M | -$14.76M | -$4.82M | -$32.88M |
| Financing Activities | ||||||||||||||||||||||
| Debt Repaid | $10.35M | $25.09M | -$10.22M | -$2.93M | $7.8M | $4.9M | -$10M | $2.3M | -$8M | $2.2M | -$2.2M | -$11.1M | $6.55M | $12.83M | $6.93M | $1.99M | $10.31M | -$8.52M | -$5.19M | $4.73M | $4.78M | -$13.06M |
| Common Stock Issuance | $43.24M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | -$51K | -$20K | -$58K | -$85K | -$2.25M | -$1.59M | -$1.42M | -$1.45M | -$269K | -$455K | -$746K | -$62K | -$119K | -$209K | -$169K | -$1.62M | -$719K | -$1.53M | -$2.21M | $0 | $0 | $0 |
| Dividends Paid | -$1.02M | -$1.08M | $0 | -$1.44M | -$1.08M | -$1.02M | -$1.27M | -$880K | -$743K | -$888K | -$611K | -$590K | -$587K | -$928K | -$647K | -$530K | -$465K | -$484K | -$346K | -$82K | $0 | $0 |
| Other Financing Activities | -$537K | -$18.03M | $20.8M | -$22.95M | $32.94M | $76.73M | $51.12M | $27.44M | $19.08M | $17.75M | -$17.3M | -$706K | $10.01M | -$1.19M | $4.13M | $57.33M | $25.27M | $52.72M | -$8.69M | -$3.8M | $7.34M | $10.9M |
| Net Cash from Financing | $31.28M | -$44.22M | $18.37M | -$8.95M | $21.8M | $69.22M | $58.43M | $22.81M | $26.07M | $14.21M | -$16.46M | -$1.91M | $3.2M | -$10.87M | -$1.7M | $51.33M | $15.12M | $46.22M | $1.84M | $16.89M | $2.37M | $23.88M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $31.15M | -$20.6M | $44.1M | -$57.95M | $24.61M | $12.69M | -$462K | -$10.16M | -$4.57M | $11.25M | -$1.58M | $18.61M | -$2.56M | -$3.94M | -$9.81M | $11.45M | -$6.97M | $18.95M | -$8.59M | $6.63M | $476K | -$5.18M |
| Supplementary Data | ||||||||||||||||||||||
| Operating Cash Flow | $8M | $2.51M | $6.21M | $8.21M | $8.55M | $5.6M | $5.84M | $6.11M | $5.83M | $4.29M | $4.96M | $4.35M | $5.38M | $6.75M | $6.15M | $4.9M | $2.55M | $4.18M | $2.09M | $4.5M | $2.93M | $3.83M |
| Capital Expenditure | -$560K | $0 | -$391K | -$406K | -$627K | -$399K | -$810K | -$818K | -$1.48M | -$468K | -$459K | -$627K | -$657K | -$1.82M | -$216K | -$1.62M | -$301K | -$1.81M | -$229K | -$236K | -$1.63M | -$783K |
| Free Cash Flow | $7.44M | $2.51M | $5.81M | $7.8M | $7.92M | $5.2M | $5.03M | $5.3M | $4.35M | $3.83M | $4.5M | $3.72M | $4.72M | $4.93M | $5.94M | $3.28M | $2.25M | $2.37M | $1.86M | $4.26M | $1.3M | $3.04M |
| Cash at Beginning | $33.13M | $53.73M | $9.63M | $67.58M | $42.98M | $30.29M | $30.75M | $40.91M | $45.48M | $34.23M | $35.81M | $17.2M | $19.77M | $23.7M | $33.51M | $22.06M | $29.04M | $10.09M | $18.68M | $12.05M | $11.58M | $16.75M |
| Cash at End | $64.28M | $33.13M | $53.73M | $9.63M | $67.58M | $42.98M | $30.29M | $30.75M | $40.91M | $45.48M | $34.23M | $35.81M | $17.2M | $19.77M | $23.7M | $33.51M | $22.06M | $29.04M | $10.09M | $18.68M | $12.05M | $11.58M |