MIMEDX GROUP, INC. (MDXG)
MiMedx Group, Inc. specializes in creating and supplying allografts derived from placental tissue, serving a diverse range of medical fields. The company employs its unique, patented PURION process to treat human placental tissues, a method crucial for manufacturing allografts that preserve the natural biological characteristics and essential regulatory proteins of the original tissue. This exclusive and patented processing technique incorporates both aseptic procedures and a final sterilization step, ensuring product safety and efficacy. Among its offerings is EpiFix, a semi-permeable membrane designed to act as a protective barrier, effectively treating persistent wounds such as diabetic foot ulcers, venous leg ulcers, and pressure sores. Another key product is AmnioFix, a protective, semi-permeable allograft made from dehydrated human amnion/chorion membrane, utilized to aid post-surgical recovery. EpiCord and AmnioCord, both derived from dehydrated human umbilical cord, function as allografts that foster a protective healing environment and are applied in both advanced wound care and surgical recovery contexts. AMNIOBURN is also a semi-permeable protective allograft specifically developed for managing partial and full-thickness burn injuries. Its flagship product, mdHACM, is a micronized, powdered version of AMNIOFIX. These products predominantly find use in healthcare sectors like wound management, burn treatment, surgical procedures, and non-operative sports medicine. Additionally, the company supplies allografts for dental uses to other manufacturers on an original equipment manufacturer (OEM) basis. Distribution of its products primarily occurs within the United States, facilitated by its own sales teams, independent agents, and various independent distributors. MiMedx Group, Inc.'s main office is located in Marietta, Georgia.
Sector: Surgical & Medical Instruments & Apparatus
Industry: Biotechnology
MiMedx Group, Inc.
NASDAQ:MDXGHealthcare · Biotechnology
-0.51%$3.91
AH Close$3.91+0.00%vs close
AH Close$3.91+0.00%vs close
Mkt Cap$570.6M
Float116.96M
O/S145.93M
Inst Own76.8%
SI8.0%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$418.63M
Net Income$48.58M
Total Assets$342.65M
Free Cash Flow$72.97M
Debt & Equity
Debt 8%
Equity 92%
Total Debt$22.53M
Total Equity$256.55M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:3.1Reverse splitApr 2, 20083.1 shares → 1
Balance Sheet Details
Assets$342.65M
Liabilities$86.11M
Accounts Receivable$75.71M
Accounts Payable$14.53M
Inventory$25.34M
PP&E (Net)$4.71M
Goodwill$19.44M
Intangible Assets$14.16M
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Revenue | $418.63M | $348.88M | $321.48M | $267.84M | $242.02M | $248.23M | $299.25M | $359.11M | $321.14M | $245.01M | $187.3M | $118.22M | $59.18M | $27.05M | $7.76M | $789K | $0 | $0 | $0 | $0 |
| YoY Growth | 20.0% | 8.5% | 20.0% | 10.7% | -2.5% | -17.0% | -16.7% | 11.8% | 31.1% | 30.8% | 58.4% | 99.8% | 118.8% | 248.6% | 883.7% | - | - | - | - | - |
| Cost of Revenue | $73.01M | $60.07M | $54.63M | $48.32M | $39.63M | $39.33M | $43.08M | $36.39M | $35.22M | $32.41M | $20.2M | $12.66M | $9.33M | $5.19M | $3.15M | $1.72M | $0 | $0 | $0 | $0 |
| Gross Profit | $345.62M | $288.81M | $266.84M | $219.53M | $202.39M | $208.9M | $256.17M | $322.73M | $285.92M | $212.61M | $167.09M | $105.56M | $49.85M | $21.87M | $4.61M | -$931K | $0 | $0 | $0 | $0 |
| Gross Margin | 82.6% | 82.8% | 83.0% | 82.0% | 83.6% | 84.2% | 85.6% | 89.9% | 89.0% | 86.8% | 89.2% | 89.3% | 84.2% | 80.8% | 59.4% | -118.0% | - | - | - | - |
| Research and Development | $15.1M | $12.34M | $12.66M | $12.7M | $9.93M | $11.71M | $11.14M | $15.77M | $17.9M | $14.34M | $8.41M | $7.05M | $4.84M | $2.88M | $2.6M | $2.75M | $4.02M | $2.01M | $0 | $0 |
| Selling, General, and Administrative | $266.19M | $216.39M | $216.3M | $220.85M | $194.85M | $240.49M | $264.71M | $295.25M | $219.53M | $172.32M | $133.38M | $90.48M | $46.2M | $19.59M | $11.76M | $6.85M | $7.96M | $8.66M | $37K | $16K |
| Other | $0 | $1.21M | $762K | $701K | $4.66M | $2.1M | $1.49M | $15.63M | $2.27M | $4.71M | $933K | $928K | $1.45M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $281.29M | $229.94M | $229.73M | $234.25M | $209.44M | $254.3M | $277.33M | $326.65M | $239.7M | $191.38M | $142.73M | $98.46M | $52.49M | $27.22M | $14.37M | $9.6M | $11.98M | $10.67M | $37K | $16K |
| Operating Income (EBIT) | $63.89M | $58.87M | $37.12M | -$14.73M | -$7.05M | -$45.4M | -$21.16M | -$3.92M | $46.22M | $884K | $24.36M | $7.1M | -$2.64M | -$1.99M | -$9.76M | -$10.53M | -$11.98M | -$17.85M | -$37K | -$16K |
| Operating Margin | 15.3% | 16.9% | 11.5% | -5.5% | -2.9% | -18.3% | -7.1% | -1.1% | 14.4% | 0.4% | 13.0% | 6.0% | -4.5% | -7.4% | -125.8% | -1335.2% | - | - | - | - |
| Interest Expense | $1.78M | $1.01M | $6.46M | $5.02M | $4.98M | $7.94M | $4.71M | $0 | $87K | $339K | $86K | $48K | $1.37M | $2.31M | $433K | $600K | $0 | $0 | $2K | $590 |
| Interest Income | $4.72M | $0 | $0 | $0 | $0 | $0 | $0 | $527K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $60K | $520K | $0 | $0 |
| Other Income (Expense) | $2.38M | -$1.57M | -$6.48M | -$5.02M | -$5M | -$16.14M | -$4.42M | $527K | -$1.14M | -$339K | -$86K | -$48K | -$1.37M | -$2.31M | -$433K | -$887K | $60K | -$5.39M | -$2K | -$635K |
| Income Before Tax (EBT) | $66.26M | $57.29M | $30.63M | -$19.75M | -$12.05M | -$61.54M | -$25.59M | -$3.4M | $45.09M | $545K | $24.28M | $7.05M | -$4.01M | -$7.66M | -$10.19M | -$11.42M | -$11.92M | -$17.37M | -$39K | -$17K |
| Income Tax Expense | $17.68M | $15.3M | -$36.81M | $206K | $247K | -$12.26M | -$5K | $26.58M | -$19.64M | $6.13M | -$5.17M | $832K | $100K | $0 | $0 | $0 | $60K | -$478K | $0 | $0 |
| Net Income | $48.58M | $42.42M | $67.44M | -$30.2M | -$12.3M | -$49.28M | -$25.58M | -$29.98M | $64.73M | $11.97M | $29.45M | $6.22M | -$4.11M | -$7.66M | -$10.19M | -$11.42M | -$11.92M | -$17.37M | -$39K | -$17K |
| Net Income Margin | 11.6% | 12.2% | 21.0% | -11.3% | -5.1% | -19.9% | -8.5% | -8.3% | 20.2% | 4.9% | 15.7% | 5.3% | -6.9% | -28.3% | -131.4% | -1447.6% | - | - | - | - |
| Supplementary Data | ||||||||||||||||||||
| EPS | 0.33 | 0.29 | 0.48 | -0.27 | -0.09 | -0.46 | -0.24 | -0.28 | 0.61 | 0.00 | 0.28 | 0.06 | -0.04 | -0.09 | -0.14 | -0.19 | -0.32 | -3.00 | -0.01 | -0.00 |
| Diluted EPS | 0.32 | 0.28 | 0.38 | -0.27 | -0.09 | -0.46 | -0.24 | -0.28 | 0.56 | 0.00 | 0.26 | 0.05 | -0.04 | -0.09 | -0.14 | -0.19 | -0.32 | -3.00 | -0.01 | -0.00 |
| Weighted Average OS | 147.79M | 146.98M | 116.50M | 112.91M | 110.35M | 108.26M | 106.95M | 105.60M | 106.12M | 105.93M | 105.93M | 105.79M | 96.29M | 81.65M | 72.45M | 59.14M | 37.74M | 5.79M | 7.40M | 5.68M |
| EBITDA | $82.93M | $65.35M | $40.52M | -$10.69M | -$1.89M | -$37.52M | -$13.13M | $17.59M | $52.58M | $8.93M | $27.1M | $9.22M | -$550K | -$146K | -$7.98M | -$9.71M | -$10.89M | -$10.83M | -$16.87M | -$16K |
| EBITDA Margin | 19.8% | 18.7% | 12.6% | -4.0% | -0.8% | -15.1% | -4.4% | 4.9% | 16.4% | 3.6% | 14.5% | 7.8% | -0.9% | -0.5% | -102.8% | -1230.6% | - | - | - | - |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Assets | ||||||||||||||||||||
| Current Assets | ||||||||||||||||||||
| Cash and Cash Equivalents | $166.12M | $104.42M | $82M | $65.95M | $87.08M | $95.81M | $69.07M | $45.12M | $27.48M | $34.39M | $28.49M | $46.58M | $44.08M | $6.75M | $4.11M | $1.34M | $2.65M | $6.75M | $184 | $6K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3M | $5.75M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $166.12M | $104.42M | $82M | $65.95M | $87.08M | $95.81M | $69.07M | $45.12M | $27.48M | $34.39M | $31.49M | $52.33M | $44.08M | $6.75M | $4.11M | $1.34M | $2.65M | $6.75M | $184 | $6K |
| Accounts Receivable | $75.71M | $55.83M | $53.87M | $43.08M | $40.35M | $35.42M | $32.33M | $454K | $656K | $67.15M | $53.76M | $26.67M | $16.09M | $7.65M | $1.89M | $162K | $0 | $0 | $0 | $0 |
| Inventory | $25.34M | $23.81M | $21.02M | $13.18M | $11.39M | $10.36M | $9.1M | $15.99M | $9.47M | $17.81M | $7.46M | $5.13M | $3.88M | $3.02M | $713K | $112K | $31K | $0 | $0 | $0 |
| Other Current Assets | $10.3M | $2.82M | $1.75M | $4.67M | $3.55M | $13.42M | $6.08M | $5.82M | $9.02M | $1.29M | $3.61M | $1.54M | $0 | $658K | $0 | $91K | $0 | $0 | $0 | $0 |
| Total Current Assets | $277.47M | $191.89M | $164.26M | $134.2M | $148.52M | $160.62M | $123.25M | $74.05M | $48.75M | $126.54M | $96.31M | $85.68M | $65.39M | $18.09M | $6.88M | $1.71M | $2.81M | $6.94M | $184 | $14K |
| Long-Term Assets | ||||||||||||||||||||
| Property, Plant & Equipment Net | $4.71M | $11.55M | $9.11M | $11.26M | $13.86M | $15.06M | $15.72M | $17.42M | $14.09M | $13.79M | $9.47M | $5.45M | $4.09M | $1.07M | $869K | $757K | $1.05M | $1.45M | $0 | $0 |
| Goodwill | $19.44M | $19.44M | $19.44M | $19.44M | $19.98M | $19.98M | $19.98M | $19.98M | $19.98M | $20.2M | $4.04M | $4.04M | $4.04M | $4.04M | $4.04M | $858K | $858K | $858K | $0 | $0 |
| Intangible Assets | $14.16M | $11.63M | $5.26M | $5.85M | $5.38M | $6M | $7.78M | $9.61M | $10.03M | $23.27M | $10.76M | $10.85M | $11.18M | $11.91M | $15.09M | $3.93M | $4.6M | $5.78M | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.25M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $19.6M | $28.31M | $40.78M | $0 | $0 | $0 | $0 | $0 | $25.54M | $9.11M | $14.84M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $7.27M | $1.11M | $205K | $683K | $186K | $375K | $443K | $1.79M | $2.87M | $354K | $487K | $0 | $0 | $70K | $214K | $103K | $382K | $146K | $0 | $0 |
| Total Long-Term Assets | $65.18M | $72.03M | $74.79M | $37.23M | $39.41M | $41.41M | $43.92M | $48.8M | $72.51M | $66.72M | $39.6M | $23.58M | $19.31M | $17.09M | $20.21M | $5.65M | $6.89M | $8.24M | $0 | $0 |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $342.65M | $263.92M | $239.05M | $171.43M | $187.93M | $202.03M | $167.17M | $122.84M | $121.25M | $193.26M | $135.91M | $109.26M | $84.69M | $35.18M | $27.1M | $7.35M | $9.69M | $15.18M | $184 | $14K |
| Liabilities | ||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||
| Accounts Payable | $14.53M | $7.41M | $9.05M | $8.45M | $7.38M | $8.77M | $8.71M | $14.86M | $8.45M | $11.44M | $6.63M | $3.66M | $2.49M | $1.25M | $1.52M | $0 | $0 | $948K | $6K | $0 |
| Short-Term Debt | $2.82M | $1M | $0 | $1.44M | $0 | $0 | $3.75M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.42M | $403K | $0 | $0 | $18K | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5.77M | -$67K | $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 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $15.85M | $25.45M | $14.61M | $12.81M | $3.91M | $25.78M | $27.84M | $29.77M | $13.26M | $15.99M | $466K | $716K | $5.71M | $2.83M | $3.19M | $0 | $629K | $0 | $0 | $0 |
| Total Current Liabilities | $64.27M | $45.59M | $46.01M | $43.56M | $42.36M | $59.16M | $67.32M | $71.55M | $45.81M | $50.73M | $26.78M | $18.4M | $9.61M | $5.07M | $7.92M | $1.25M | $629K | $948K | $26 | $590 |
| Long-Term Liabilities | ||||||||||||||||||||
| Long-Term Debt | $16.47M | $17.83M | $48.1M | $48.59M | $48.13M | $47.7M | $61.91M | $0 | $0 | $0 | $0 | $0 | $0 | $4.01M | $2.74M | $0 | $2.99M | $0 | $10K | $10K |
| Long-Term Unearned Revenue | $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 |
| Other Long-Term Liabilities | $2.13M | $2.68M | $2.22M | $2.33M | $951K | $795K | $621K | $1.64M | $1.65M | $9.53M | $1.15M | $1.53M | $1.52M | $6.09M | $4.54M | $0 | $0 | $948K | $0 | $0 |
| Total Long-Term Liabilities | $21.84M | $25.21M | $50.32M | $53.37M | $53M | $51.45M | $65.45M | $1.64M | $1.65M | $9.53M | $1.15M | $1.53M | $1.52M | $10.1M | $7.28M | $403K | $2.99M | $948K | $10K | $10K |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$403K | $0 | -$948K | $0 | $0 |
| Total Liabilities | $86.11M | $70.81M | $96.33M | $96.92M | $95.35M | $110.61M | $132.77M | $73.19M | $47.46M | $60.26M | $27.93M | $19.93M | $11.13M | $15.18M | $15.2M | $1.25M | $3.62M | $948K | $36K | $11K |
| Stockholders' Equity | ||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $92.49M | $92.49M | $91.57M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $148K | $147K | $146K | $114K | $113K | $113K | $113K | $113K | $113K | $110K | $109K | $108K | $104K | $88K | $74K | $64K | $50K | $37K | $23K | $23K |
| Retained Earnings | -$42.68M | -$91.26M | -$133.68M | -$191.91M | -$161.71M | -$151.42M | -$102.14M | -$76.56M | -$46.58M | -$26.16M | -$38.13M | -$67.58M | -$73.8M | -$69.68M | -$62.02M | -$51.83M | -$40.41M | -$18.03M | -$1.48M | -$1.44M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | -$0 | $0 | -$18.59M | -$12.68M | -$8.51M | -$4.98M | -$3.5M | -$2.3M | -$2.28M | -$1.8M | $0 | $0 | -$200K | $0 | $0 |
| Other Stockholders' Equity | $299.08M | $284.22M | $276.25M | $266.3M | $254.17M | $242.73M | $136.43M | $126.1M | $120.27M | $159.04M | $146.01M | $156.8M | $147.26M | $89.6M | $73.84M | $57.86M | $46.43M | $32.23M | $1.42M | $1.42M |
| Total Equity | $256.55M | $193.11M | $142.72M | $74.51M | $92.58M | $91.42M | $34.4M | $49.66M | $73.8M | $133M | $107.99M | $89.33M | $73.57M | $20.01M | $11.9M | $6.1M | $6.07M | $14.23M | -$36K | $3K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $342.65M | $263.92M | $239.05M | $171.43M | $187.93M | $202.03M | $167.17M | $122.84M | $121.25M | $193.26M | $135.91M | $109.26M | $84.69M | $35.18M | $27.1M | $7.35M | $9.69M | $15.18M | $184 | $14K |
| Supplementary Data | ||||||||||||||||||||
| Total Debt | $22.53M | $24.84M | $48.1M | $52.47M | $53.29M | $51.83M | $69.74M | $229K | $286K | $31K | $133K | $0 | $0 | $4.01M | $4.04M | $403K | $2.99M | $0 | $28K | $10K |
| Net Debt | -$143.59M | -$79.57M | -$33.9M | -$13.48M | -$33.79M | -$43.98M | $674K | -$44.89M | -$27.19M | -$34.36M | -$28.35M | -$46.58M | -$44.08M | -$2.74M | -$72K | -$937K | $337K | -$6.75M | $27 | $4K |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Operating Activities | ||||||||||||||||||||
| Net Income | $48.58M | $42M | $67.44M | -$19.95M | -$12.3M | -$49.28M | -$25.58M | -$29.98M | $64.73M | $390K | $29.45M | $6.22M | -$4.11M | -$7.66M | -$10.19M | -$11.42M | -$11.92M | -$11.92M | -$17.37M | -$17K |
| Depreciation & Amortization | $14.88M | $6.04M | $3.43M | $4.05M | $5.18M | $6.86M | $7.58M | $6.92M | $5.76M | $5.47M | $2.73M | $2.13M | $1.69M | $1.84M | $1.78M | $1.11M | $1.09M | $1.09M | $500K | $0 |
| Deferred Income Tax | $8.71M | $12.47M | -$37.8M | $0 | $0 | $0 | $0 | $25.54M | -$26.67M | -$5.99M | -$7.08M | $0 | $0 | $0 | $0 | $0 | -$1.4M | $0 | $0 | $0 |
| Stock-Based Compensation | $16.4M | $16.93M | $16.96M | $11.33M | $14.16M | $15.36M | $12.06M | $14.77M | $21.2M | $17.73M | $16.9M | $11.45M | $6.01M | $2.54M | $1.66M | $1.17M | $0 | $1.41M | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||
| Accounts Receivable | -$26.39M | -$2.55M | -$12.24M | -$5.94M | -$10.62M | -$3.1M | -$10.94M | $0 | -$1.14M | $73K | -$27.08M | -$10.58M | -$8.44M | -$5.76M | -$1.21M | -$162K | $0 | $0 | $0 | $0 |
| Inventory | -$1.53M | -$2.36M | -$7.84M | -$1.79M | -$1.41M | -$1.26M | $6.88M | -$6.52M | $2.75M | -$895K | -$2.33M | -$1.25M | -$858K | -$2.31M | -$254K | -$81K | $0 | $0 | $0 | $0 |
| Accounts Payable | $2.12M | -$1.41M | $783K | $839K | -$159K | $177K | -$6.17M | $6.58M | -$1.32M | -$3.48M | $3.14M | $1.29M | $1.21M | -$81K | $733K | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $2.83M | $885K | $876K | -$1.12M | -$7.17M | -$11.51M | -$9.83M | $18.54M | -$811K | $10.56M | $3.05M | $7.55M | $2.48M | $3.02M | $496K | $336K | $0 | $857K | -$377K | -$7K |
| Total Working Capital Change | -$22.98M | -$5.43M | -$18.42M | -$8.01M | -$19.35M | -$15.69M | -$20.05M | $18.6M | -$523K | $6.26M | -$23.23M | -$3M | -$5.61M | -$5.13M | -$233K | $93K | $857K | $857K | -$377K | -$7K |
| Other Non-Cash Items | $8.42M | -$5.81M | -$4.83M | -$5.3M | $10.33M | $12.5M | -$13.43M | -$53K | -$1.55M | -$14K | $42K | $0 | $1.73M | $5.08M | $321K | $886K | $1.41M | $5K | $9.11M | $0 |
| Net Cash from Operating | $74M | $66.2M | $26.77M | -$17.89M | -$1.98M | -$30.26M | -$39.41M | $35.8M | $62.94M | $23.85M | $18.81M | $16.8M | -$284K | -$3.33M | -$6.66M | -$8.16M | -$8.56M | -$8.56M | -$8.14M | -$24K |
| Investing Activities | ||||||||||||||||||||
| Capital Expenditures | -$1.03M | -$1.68M | -$1.99M | -$1.51M | -$3.22M | -$4.23M | -$1.75M | -$9.42M | -$5.13M | -$6.21M | -$5.83M | -$2.56M | -$2.34M | -$637K | -$486K | -$152K | -$360K | -$360K | -$1.17M | $0 |
| Acquisitions | -$3.76M | -$7.86M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$7.63M | $0 | $0 | $0 | $0 | -$466K | $0 | $0 | $0 | $1.73M | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$9M | $0 | $0 | $0 | $0 | -$3K | -$3K | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3M | $6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$2.09M | -$38K | -$168K | -$1.15M | -$177K | -$327K | $2.26M | $199K | -$271K | -$842K | -$851K | -$594K | -$689K | $0 | $250K | $0 | $7K | $7K | $37K | $0 |
| Net Cash from Investing | -$6.89M | -$9.58M | -$2.15M | -$2.66M | -$3.4M | -$4.55M | $504K | -$9.22M | -$5.4M | -$11.68M | -$678K | -$12.15M | -$3.03M | -$637K | -$703K | -$152K | -$357K | -$357K | $593K | $0 |
| Financing Activities | ||||||||||||||||||||
| Debt Repaid | $1M | $31.72M | $52K | $41K | $38K | $25.81M | -$70.88M | $3K | $29K | $102K | $117K | $117K | $57K | $443K | -$6.11M | - | - | - | - | - |
| Common Stock Issuance | $0 | $1.4M | $997K | $651K | $1.44M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $36.6M | $0 | $3.73M | $3.12M | $2.2M | $2.2M | $2K | $20K |
| Common Stock Repurchases | -$3.12M | -$2.64M | -$9.52M | -$1.19M | -$4.75M | -$2.33M | -$1.47M | -$12.49M | -$72.34M | -$11.54M | -$40.28M | -$5.61M | $0 | $0 | $0 | $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 |
| Other Financing Activities | -$1.29M | -$1.24M | $0 | $0 | $0 | -$10.29M | -$6.54M | $3.56M | $11.99M | $3.49M | $4.17M | $3.58M | $4.09M | $7.05M | $296K | $3.37M | $2.2M | $6 | -$755K | $0 |
| Net Cash from Financing | -$5.41M | -$34.2M | -$8.57M | -$580K | -$3.35M | $61.56M | $62.86M | -$8.93M | -$60.39M | -$8.15M | -$36.23M | -$2.15M | $40.63M | $6.61M | $10.14M | $7M | $2.2M | $2.2M | $3.84M | $30K |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $61.7M | $22.42M | $16.05M | -$21.13M | -$8.73M | $26.74M | $23.95M | $17.64M | -$2.85M | $4.02M | -$18.1M | $2.5M | $37.32M | $2.64M | $2.77M | -$1.31M | -$6.71M | -$6.71M | -$3.71M | $6K |
| Supplementary Data | ||||||||||||||||||||
| Operating Cash Flow | $74M | $66.2M | $26.77M | -$17.89M | -$1.98M | -$30.26M | -$39.41M | $35.8M | $62.94M | $23.85M | $18.81M | $16.8M | -$284K | -$3.33M | -$6.66M | -$8.16M | -$8.56M | -$8.56M | -$8.14M | -$24K |
| Capital Expenditure | -$1.03M | -$1.68M | -$1.99M | -$1.51M | -$3.22M | -$4.23M | -$1.75M | -$9.42M | -$5.13M | -$6.21M | -$5.83M | -$2.56M | -$2.34M | -$637K | -$486K | -$152K | -$360K | -$360K | -$1.17M | $0 |
| Free Cash Flow | $72.97M | $64.52M | $24.79M | -$19.41M | -$5.2M | -$34.49M | -$41.16M | $26.38M | $57.81M | $17.64M | $12.98M | $14.24M | -$2.62M | -$3.97M | -$7.15M | -$8.31M | -$8.92M | -$8.92M | -$9.31M | -$24K |
| Cash at Beginning | $104.42M | $82M | $65.95M | $87.08M | $95.81M | $69.07M | $45.12M | $27.48M | $30.32M | $26.3M | $46.58M | $44.08M | $6.75M | $4.11M | $1.34M | $2.65M | $6.75M | $6.75M | $10.46M | $0 |
| Cash at End | $166.12M | $104.42M | $82M | $65.95M | $87.08M | $95.81M | $69.07M | $45.12M | $27.48M | $30.32M | $28.49M | $46.58M | $44.08M | $6.75M | $4.11M | $1.34M | $35K | $35K | $6.75M | $6K |