MEDICINOVA INC (MNOV)
MediciNova, Inc. is a biopharmaceutical firm dedicated to discovering and advancing innovative small molecule therapies for severe illnesses where current treatments are insufficient within the United States. Its robust development pipeline features MN-166 (ibudilast), an oral agent with both anti-inflammatory and neuroprotective properties, currently being investigated for a range of neurological conditions. These include primary and secondary progressive multiple sclerosis, amyotrophic lateral sclerosis, chemotherapy-induced peripheral neuropathy, degenerative cervical myelopathy, glioblastoma, and various forms of substance dependence and addiction. The company's portfolio also comprises MN-221 (bedoradrine), a selective beta-2-adrenergic receptor agonist aimed at treating acute asthma attacks; MN-001 (tipelukast), an orally available small molecule designed for fibrotic disorders like nonalcoholic steatohepatitis and idiopathic pulmonary fibrosis; and MN-029 (denibulin), a tubulin binding agent intended for solid tumor oncology. MediciNova has established strategic partnerships with companies such as Kissei Pharmaceutical Co., Ltd., Kyorin Pharmaceutical Co., Ltd., Angiogene Pharmaceuticals Ltd., and Meiji Seika Kaisha Ltd. Established in 2000, the company's headquarters are situated in La Jolla, California.
Sector: Pharmaceutical Preparations
Industry: Biotechnology
MediciNova, Inc.
NASDAQ:MNOVHealthcare · Biotechnology
+0.00%$1.40
AH$1.40+0.00%vs close
Mkt Cap$68.91M
Float47.81M
O/S49.22M
Vol
$ Vol
RVOL
Inst Own10.5%
SI0.6%
Earnings
Dilution
Financials Summary
Revenue$410K
Net Income-$12M
Total Assets$45.6M
Free Cash Flow-$9.81M
Debt & Equity
Debt 0%
Equity 100%
Total Debt$194K
Total Equity$41.59M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in MNOV's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$45.6M
Liabilities$4.02M
Accounts Receivable$0
Accounts Payable$625K
Inventory$0
PP&E (Net)$193K
Goodwill$9.6M
Intangible Assets$4.8M
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 | $410K | $0 | $1M | $0 | $4.04M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $6M | $803K | $0 | $0 | $0 | $0 | $263.88M | $264K | $804K | $490K | $0 | $0 | $0 |
| YoY Growth | - | - | - | - | - | - | - | - | - | - | - | - | 648.0% | - | - | - | - | - | 99900.0% | -67.2% | 64.0% | - | - | - | - |
| Cost of Revenue | $379K | $0 | $0 | $0 | $0 | $0 | $24K | $26K | $28K | $14K | $27K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $146.61M | $147K | $674K | $438K | $0 | $0 | $0 |
| Gross Profit | $31K | $0 | $1M | $0 | $4.04M | $0 | -$24K | -$26K | -$28K | -$14K | -$27K | $0 | $6M | $803K | $0 | $0 | $0 | $0 | $117.27M | $117K | $130K | $53K | $0 | $0 | $0 |
| Gross Margin | 7.6% | - | 100.0% | - | 100.0% | - | - | - | - | - | - | - | 100.0% | 100.0% | - | - | - | - | 44.4% | 44.4% | 16.1% | 10.7% | - | - | - |
| Research and Development | $7.16M | $7.2M | $5.66M | $9.14M | $8.1M | $7.49M | $6.08M | $5.63M | $4.22M | $3.52M | $3.02M | $3.26M | $3.37M | $5.01M | $7.78M | $9.71M | $10.87M | $13.83M | $42.12M | $32.17M | $22.74M | $11.32M | $4.72M | $5.55M | $952K |
| Selling, General, and Administrative | $6.16M | $5.48M | $5.24M | $5.48M | $5.72M | $6.69M | $7.95M | $9.96M | $8.8M | $7.36M | $5.81M | $5.96M | $6.66M | $6.73M | $8.32M | $8.17M | $10.37M | $8.77M | $11.37M | $9.62M | $7.48M | $37.35M | $1.54M | $1.46M | $0 |
| Other | -$412 | -$413 | -$400 | $388 | $438K | -$357 | -$46K | -$23K | $120K | $20K | -$15K | $24K | -$4K | -$5K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $13.31M | $12.68M | $10.9M | $14.63M | $14.25M | $14.18M | $14.03M | $15.59M | $13.03M | $10.88M | $8.82M | $9.22M | $10.02M | $11.75M | $16.11M | $17.88M | $21.24M | $22.6M | $53.49M | $41.79M | $30.22M | $48.67M | $6.26M | $7.01M | $2.02M |
| Operating Income (EBIT) | -$13.28M | -$12.68M | -$9.9M | -$14.63M | -$10.22M | -$14.18M | -$14.03M | -$15.59M | -$13.03M | -$10.88M | -$8.82M | -$9.22M | -$4.02M | -$10.95M | -$16.11M | -$17.88M | -$21.24M | -$22.6M | -$53.49M | -$41.68M | -$30.09M | -$48.61M | -$6.26M | -$7.01M | -$2.02M |
| Operating Margin | -3242.5% | - | -990.0% | - | -253.0% | - | - | - | - | - | - | - | -67.0% | -1363.8% | - | - | - | - | -20.3% | -15794.3% | -3741.9% | -9915.2% | - | - | - |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $298 | $454 | $514 | $628 | $0 | $0 | $1.6M | $1.77M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $1.3M | $1.67M | $1.83M | $810K | $144K | $361K | $1.15M | $940K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4.4B | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $1.29M | $1.63M | $1.33M | $562K | $84K | $323K | $1.1M | $917K | $120K | $20K | -$15K | $24K | -$4K | -$5K | -$1.61M | -$2.29M | $878K | $690K | $4.61M | $5.99M | $4.4M | $340K | $52K | $82K | $0 |
| Income Before Tax (EBT) | -$11.99M | -$11.04M | -$8.57M | -$14.07M | -$10.13M | -$13.86M | -$12.93M | -$14.67M | -$12.91M | -$10.86M | -$8.84M | -$9.2M | -$4.02M | -$10.95M | -$17.72M | -$20.17M | -$20.36M | -$21.91M | -$48.88M | -$35.69B | -$25.69B | -$48.27B | -$6.21M | -$6.93M | $0 |
| Income Tax Expense | $6K | $6K | $3K | $3K | $3K | -$2K | $13K | $5K | -$1.74M | $4K | $7K | -$4K | $4K | $11K | $12K | $13K | $7K | $14K | $20K | -$5.68M | -$3.68M | -$340K | -$52K | $0 | $1.79M |
| Net Income | -$12M | -$11.05M | -$8.57M | -$14.07M | -$10.13M | -$13.85M | -$12.94M | -$14.68M | -$11.16M | -$10.87M | -$8.85M | -$9.2M | -$4.03M | -$10.96M | -$17.73M | -$20.19M | -$20.37M | -$21.92M | -$48.9M | -$35.69M | -$25.69M | -$48.27M | -$6.21M | -$6.93M | -$1.79M |
| Net Income Margin | -2928.8% | - | -857.2% | - | -251.0% | - | - | - | - | - | - | - | -67.1% | -1365.8% | - | - | - | - | -18.5% | -13525.1% | -3195.3% | -9845.9% | - | - | - |
| Supplementary Data | |||||||||||||||||||||||||
| EPS | -0.24 | -0.23 | -0.17 | -0.29 | -0.21 | -0.31 | -0.30 | -0.36 | -0.32 | -0.33 | -0.33 | -0.38 | -0.19 | -0.64 | -1.20 | -1.63 | -1.68 | -1.82 | -4.16 | -3.52 | -2.88 | -965.45 | -124.18 | -138.62 | -35.90 |
| Diluted EPS | -0.24 | -0.23 | -0.17 | -0.29 | -0.21 | -0.31 | -0.30 | -0.36 | -0.32 | -0.33 | -0.33 | -0.38 | -0.19 | -0.64 | -1.20 | -1.63 | -1.68 | -1.82 | -4.16 | -3.52 | -2.88 | -965.45 | -124.18 | -138.62 | -35.90 |
| Weighted Average OS | 49.06M | 49.05M | 49.05M | 49.05M | 48.60M | 44.41M | 43.16M | 41.12M | 35.14M | 32.99M | 26.58M | 24.07M | 20.70M | 17.26M | 14.81M | 12.41M | 12.11M | 12.07M | 11.75M | 10.13M | 8.93M | 50,000 | 50,000 | 50,000 | 50,000 |
| EBITDA | -$11.97M | -$11.02M | -$8.55M | -$14.05M | -$10.11M | -$14.16M | -$14.01M | -$15.56M | -$13M | -$10.87M | -$8.8M | -$9.18M | -$3.92M | -$10.88M | -$16.09M | -$19.08M | -$20.14M | -$21.61M | -$48.37M | -$41.68M | -$25.54M | -$48.23M | -$6.28M | -$7.09M | -$2.02M |
| EBITDA Margin | -2922.4% | - | -854.8% | - | -250.3% | - | - | - | - | - | - | - | -65.4% | -1355.7% | - | - | - | - | -18.3% | -15794.3% | -3176.3% | -9836.6% | - | - | - |
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 | 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 | $30.81M | $40.36M | $51M | $18.51M | $71.43M | $60.04M | $63.79M | $62.31M | $27.99M | $24.12M | $22.08M | $11.67M | $6.7M | $4.01M | $15.09M | $28.25M | $19.24M | $19.3M | $18.78M | $8.33M | $37.68M | $38.8M | $4.24M | $0 | $0 |
| Short-Term Investments | $0 | $0 | $0 | $39.98M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $624K | $26.81M | $0 | $51.86M | $95.72M | $101.02M | $12M | $1.25M | $0 | $0 |
| Cash and Short-Term Investments | $30.81M | $40.36M | $51M | $58.49M | $71.43M | $60.04M | $63.79M | $62.31M | $27.99M | $24.12M | $22.08M | $11.67M | $6.7M | $4.01M | $15.09M | $28.88M | $46.05M | $19.3M | $70.64M | $104.05M | $138.7M | $50.8M | $5.49M | $0 | $0 |
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $6.01M | $0 | $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 |
| Other Current Assets | $185K | $715K | $175K | $0 | $0 | $0 | $512K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $28.69M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $30.99M | $41.07M | $51.17M | $58.99M | $72.01M | $60.72M | $64.3M | $62.76M | $28.33M | $24.7M | $22.73M | $12.13M | $14.38M | $4.42M | $15.71M | $58.34M | $46.92M | $20.02M | $73.08M | $110.67M | $141.26M | $51.29M | $5.6M | $0 | $0 |
| Long-Term Assets | |||||||||||||||||||||||||
| Property, Plant & Equipment Net | $193K | $382K | $621K | $675K | $882K | $227K | $41K | $53K | $63K | $91K | $20K | $45K | $82K | $78K | $29K | $65K | $154K | $368K | $673K | $871K | $1.13M | $308K | $32K | $0 | $0 |
| Goodwill | $9.6M | $9.6M | $9.6M | $9.6M | $9.6M | $9.6M | $9.6M | $9.6M | $9.6M | $9.6M | $9.6M | $9.6M | $9.6M | $9.6M | $9.6M | $9.6M | $9.14M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $4.8M | $4.8M | $4.8M | $4.8M | $4.8M | $4.8M | $4.8M | $4.8M | $4.8M | $4.8M | $4.8M | $4.8M | $4.8M | $4.8M | $4.8M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $617K | $618K | $650K | $685K | $681K | $667K | $650K | $0 | $2.76M | $24.05M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$5.42B | $0 | $0 | -$5.48B | -$5.47B | -$5.45B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $19K | $19K | $74K | $93K | $115K | $75K | $460K | $11K | $11K | $5.42M | $109K | $11K | $5.48M | $5.47M | $5.45M | $4.92M | $35.35M | $5.79M | $0 | $50K | $0 | $2.17M | $0 | $0 | $0 |
| Total Long-Term Assets | $14.61M | $14.8M | $15.1M | $15.17M | $15.4M | $14.7M | $14.9M | $14.46M | $15.09M | $15.11M | $15.18M | $15.14M | $15.16M | $15.15M | $15.08M | $14.59M | $47.4M | $30.21M | $673K | $921K | $1.13M | $2.48M | $32K | $0 | $0 |
| 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 | $1.59M | $8.38M |
| Total Assets | $45.6M | $55.88M | $66.27M | $74.15M | $87.41M | $75.42M | $79.21M | $77.22M | $43.42M | $39.81M | $37.91M | $27.27M | $29.55M | $19.57M | $30.79M | $72.93M | $94.33M | $50.22M | $73.75M | $111.59M | $142.39M | $53.77M | $5.63M | $1.59M | $8.38M |
| Liabilities | |||||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||||
| Accounts Payable | $625K | $1.1M | $1M | $425K | $403K | $617K | $451K | $617K | $1.52M | $367K | $171K | $462K | $34K | $492K | $719K | $1.1M | $1.3M | $393K | $2.88M | $3.83M | $1.38M | $470K | $329K | $0 | $0 |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $217K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $33.58M | $17.61M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $6K | $7K | $0 | $10K | $20M | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $370K | $0 | $0 | $0 | $0 | $0 | $0 | $1.69B | $1.69B | $1.69B | $1.69B | $1.69B | $1.69B | $3K | $864K | $1.49M | $2.42M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $971K | $913K | $989K | $184K | $547K | $924K | $792K | $192K | $0 | $0 | $0 | $0 | $0 | $315K | $1.51M | $1.76M | $2.37M | $1.01M | $0 | $6.33M | $4.34M | $1.55M | $0 | $0 | $0 |
| Total Current Liabilities | $3.8M | $2.96M | $3.28M | $3.19M | $2.83M | $2.19M | $2.23M | $2.19M | $2.88M | $1.63M | $1.49M | $1.59M | $460K | $1.04M | $3.7M | $36.79M | $22.42M | $2.18M | $7.14M | $10.57M | $6.63M | $2.59M | $761K | $0 | $0 |
| Long-Term Liabilities | |||||||||||||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $9.48M | $29.26M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $1.69M | $1.69M | $1.69M | $1.69M | $1.69M | $1.69M | $1.69M | $1.69M | $1.69M | $1.64M | $0 | $0 | $0 | $3K | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $202K | $202K | $202K | $0 | $0 | $202K | $202K | $202K | $202K | $1.96M | $1.96M | $1.96M | $1.96M | $1.96M | $1.96M | $1.96M | $1.96M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $17K | $211K | $411K | $202K | $202K | $3K | $4K | $27K | $0 | $967 | $0 | $0 | $0 | $0 | $0 | $0 | $676K | $0 | $0 | $41K | $60K | $43.51M | $300K | $0 | $0 |
| Total Long-Term Liabilities | $219K | $413K | $612K | $725K | $896K | $1.9M | $2.08M | $1.92M | $1.9M | $3.65M | $3.66M | $3.67M | $3.66M | $3.65M | $3.59M | $11.44M | $31.89M | $0 | $3K | $41K | $60K | $43.51M | $300K | $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 | $464K | $325K |
| Total Liabilities | $4.02M | $3.37M | $3.89M | $3.91M | $3.73M | $4.09M | $4.31M | $4.12M | $4.78M | $5.28M | $5.15M | $5.26M | $4.12M | $4.69M | $7.29M | $48.23M | $54.31M | $2.18M | $7.14M | $10.61M | $6.69M | $46.1M | $1.06M | $464K | $325K |
| Stockholders' Equity | |||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2K | $2K | $2K | $2K | $2K | $0 | $0 | $0 | $0 | $0 | $603K | $13K | $11K | $0 | $0 |
| Common Stock | $49K | $49K | $49K | $49K | $49K | $45K | $44K | $42K | $36K | $35K | $30K | $24K | $22K | $17K | $16K | $12K | $12K | $12K | $12K | $10K | $99K | $500 | $500 | $0 | $0 |
| Retained Earnings | -$438.75M | -$426.75M | -$415.7M | -$407.13M | -$393.06M | -$382.93M | -$369.07M | -$356.13M | -$341.46M | -$330.29M | -$319.43M | -$310.58M | -$301.39M | -$296.23M | -$285.27M | -$267.54M | -$247.35M | -$226.98M | -$205.06M | -$156.15M | -$120.46M | -$94.75M | -$15.14M | -$8.93M | -$2M |
| Comprehensive Income & Other | -$127K | -$135K | -$118K | -$115K | -$99K | -$88K | -$93K | -$93K | -$95K | -$96K | -$103K | -$101K | -$81K | -$68K | -$57K | -$56K | -$65K | -$30K | -$131K | -$49K | -$815K | -$1.19M | $0 | $0 | $0 |
| Other Stockholders' Equity | $480.29M | $479.21M | $478.03M | $477.32M | $476.69M | $454.21M | $443.92M | $429.2M | $380.06M | $364.79M | $352.15M | $332.57M | $326.79M | $311.1M | $308.75M | $292.23M | $287.35M | $275.01M | $271.65M | $257.12M | $256.07M | $102.42M | $19.71M | $10.05M | $10.05M |
| Total Equity | $41.59M | $52.5M | $62.38M | $70.24M | $83.68M | $71.33M | $74.89M | $73.11M | $38.64M | $34.53M | $32.75M | $22.01M | $25.43M | $14.88M | $23.5M | $24.7M | $40.01M | $48.04M | $66.61M | $100.98M | $135.71M | $7.67M | $4.57M | $1.12M | $8.05M |
| 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 | $45.6M | $55.88M | $66.27M | $74.15M | $87.41M | $75.42M | $79.21M | $77.22M | $43.42M | $39.81M | $37.91M | $27.27M | $29.55M | $19.57M | $30.79M | $72.93M | $94.33M | $50.22M | $73.75M | $111.59M | $142.39M | $53.77M | $5.63M | $1.59M | $8.38M |
| Supplementary Data | |||||||||||||||||||||||||
| Total Debt | $194K | $194K | $216K | $681K | $827K | $186K | $399K | $27.21M | $0 | $967K | $12.68M | $18.75M | $0 | $0 | $0 | $43.06M | $46.86M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Debt | -$30.61M | -$40.17M | -$50.78M | -$17.82M | -$70.6M | -$59.85M | -$63.39M | -$35.1M | -$27.99M | -$23.15M | -$9.4M | $7.08M | -$6.7M | -$4.01M | -$15.09M | $14.81M | $27.62M | -$19.3M | -$18.78M | -$8.33M | -$37.68M | -$38.8M | -$4.24M | $0 | $0 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Operating Activities | |||||||||||||||||||||||
| Net Income | -$12M | -$11.05M | -$8.57M | -$14.07M | -$10.13M | -$13.85M | -$12.94M | -$14.68M | -$11.16M | -$10.87M | -$8.85M | -$9.2M | -$4.03M | -$10.96M | -$17.73M | -$20.19M | -$20.37M | -$21.92M | -$48.9M | -$35.69M | -$25.69M | -$48.27M | -$6.21M |
| Depreciation & Amortization | $20K | $21K | $20K | $18K | $26K | $21K | $24K | $26K | $28K | $14K | $27K | $40K | $100K | $70K | $42K | $108K | $219K | $305K | $345K | -$308K | -$716K | $45K | $30K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.9M | -$2K | $0 | -$10K | -$18K | $823 | $0 | $0 | -$1.96B | $0 | $0 | -$2.09B | -$439.16M | -$34.29B | $0 |
| Stock-Based Compensation | $829K | $1.19M | $711K | $643K | $1.72M | $3.18M | $4.11M | $6.33M | $4.47M | $3.97M | $2.03M | $1.64M | $1.22M | $710K | $1.37M | $2M | $2.37M | $3.17M | $0 | $2.09B | $439.16M | $34.29B | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | -$514K | -$112K | $242K | $175K | -$285K | $6.01B | -$6.01B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$6.55B | $6.51B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $460K | -$312K | $19K | $329K | -$1.03M | -$5K | $194K | -$664K | $1.25M | $127K | -$181.93M | $551.96M | -$509.9M | -$776.51M | -$656.2M | -$327.35M | $890.85M | -$5.11B | $0 | $4.42B | $4.82B | $340.49M | $0 |
| Other Working Capital | $705K | -$667K | $93K | $5K | -$181K | -$375K | $0 | -$112K | -$1.51M | $175K | $181.54M | $600K | -$42K | $775.63M | $658.45M | $326.32M | -$889.79M | $5.11B | $760K | -$4.42B | -$4.81B | -$340.11M | $248K |
| Total Working Capital Change | $1.17M | -$980K | $112K | $334K | -$1.21M | -$380K | -$320K | -$775K | -$266K | $303K | -$394K | $8.35M | -$7.91M | -$881K | $2.26M | -$1.03M | $1.06M | -$3.24M | $760K | -$186K | $3.09M | $386K | $248K |
| Other Non-Cash Items | $174K | $173K | $297K | $163K | $217K | $210K | $0 | -$20K | $1.9M | $32K | $34K | -$4K | -$3K | -$803K | $752K | $1.41M | $1.96B | $568K | $3.94M | $2.13M | $439K | $34.29M | $0 |
| Net Cash from Operating | -$9.81M | -$10.64M | -$7.43M | -$12.91M | -$9.38M | -$10.83M | -$9.12M | -$9.11M | -$6.92M | -$6.55M | -$7.15M | $817K | -$10.65M | -$11.86M | -$13.31M | -$17.7M | -$17.01M | -$21.12M | -$43.86M | -$34.06M | -$22.88M | -$13.55M | -$5.93M |
| Investing Activities | |||||||||||||||||||||||
| Capital Expenditures | -$3K | -$895 | -$21K | -$5K | -$29K | -$36K | -$11K | -$10K | $0 | -$84K | -$2K | -$4K | -$42K | -$83K | -$6K | -$19K | -$16K | $0 | -$381K | -$209K | -$979K | -$321K | -$11K |
| Acquisitions | $0 | $0 | $0 | $5.01M | $0 | $0 | $0 | $637K | $0 | $0 | $0 | $0 | $0 | -$680K | $0 | -$458K | -$2.37M | $0 | $0 | $243.02M | $993.75M | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | -$59.88M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $476.6M | $2.39B | -$2M | -$41.71M | -$108.17M | -$213.32M | -$10.75M | -$1.25M |
| Sales of Investments | $0 | $0 | $39.93M | $19.88M | $0 | $0 | $0 | $637K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $28.11M | $1.25M | $23.55M | $85.66M | $114.19M | $125.15M | $0 | $0 |
| Other Investing Activities | $0 | $198 | $0 | -$5.01M | $0 | $0 | $0 | $637K | -$84.48M | -$84.48M | -$2.32M | -$3.52M | $5K | -$680 | -$6.08M | -$476.6M | -$2.39B | $24.05B | $62K | -$243.02M | -$993.75M | -$321.24M | $195K |
| Net Cash from Investing | -$3K | -$697 | $39.91M | -$40.01M | -$29K | -$36K | -$11K | $626K | -$84.48M | -$84K | -$2K | -$4K | -$37K | -$763K | -$6K | $27.64M | -$1.14M | $21.55M | $43.63M | $5.81M | -$89.15M | -$11.07M | -$1.07M |
| Financing Activities | |||||||||||||||||||||||
| Debt Repaid | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $14.92M | $1.13M | -$17.61M | - | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $8K | $20.89M | $7.3M | $10.88M | $42.76M | $10.72M | $8.58M | $17.47M | $4.1M | $13.36M | $1.49M | $9.72M | $167K | $488K | $87K | $10.67M | $289K | $110.96M | $60.56M | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $8K | $37K | $0 | $0 | $0 | -$1.38M | -$55K | -$1.08M | $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 |
| Other Financing Activities | $244K | $0 | $0 | $0 | -$112K | -$192K | -$261K | $51K | $77K | $88K | $90K | $60K | $7K | $59K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$300K | $300K |
| Net Cash from Financing | $244K | $0 | $0 | $8K | $20.78M | $7.11M | $10.62M | $42.81M | $10.8M | $8.67M | $17.56M | $4.16M | $13.37M | $1.55M | $156K | -$927K | $18.09M | $87K | $10.67M | -$1.09M | $110.91M | $59.18M | $9.96M |
| Forex Effect | $16K | $4K | $17K | -$17K | $27K | $1K | -$53 | $691 | $614 | $6K | -$2K | -$6K | $2K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$9.55M | -$10.64M | $32.49M | -$52.93M | $11.39M | -$3.76M | $1.48M | $34.32M | $3.87M | $2.04M | $10.41M | $4.97M | $2.69M | -$11.08M | -$13.16M | $9.01M | -$56K | $518K | $10.44M | -$29.34M | -$1.12M | $34.56M | $2.96M |
| Supplementary Data | |||||||||||||||||||||||
| Operating Cash Flow | -$9.81M | -$10.64M | -$7.43M | -$12.91M | -$9.38M | -$10.83M | -$9.12M | -$9.11M | -$6.92M | -$6.55M | -$7.15M | $817K | -$10.65M | -$11.86M | -$13.31M | -$17.7M | -$17.01M | -$21.12M | -$43.86M | -$34.06M | -$22.88M | -$13.55M | -$5.93M |
| Capital Expenditure | -$3K | -$895 | -$21K | -$5K | -$29K | -$36K | -$11K | -$10K | $0 | -$84K | -$2K | -$4K | -$42K | -$83K | -$6K | -$19K | -$16K | $0 | -$381K | -$209K | -$979K | -$321K | -$11K |
| Free Cash Flow | -$9.81M | -$10.64M | -$7.45M | -$12.92M | -$9.41M | -$10.86M | -$9.14M | -$9.12M | -$6.92M | -$6.63M | -$7.15M | $813K | -$10.69M | -$11.95M | -$13.31M | -$17.72M | -$17.03M | -$21.12M | -$44.24M | -$34.27M | -$23.86M | -$13.87M | -$5.94M |
| Cash at Beginning | $40.36M | $51M | $18.51M | $71.43M | $60.04M | $63.79M | $62.31M | $27.99M | $24.12M | $22.08M | $11.67M | $6.7M | $4.01M | $15.09M | $28.25M | $19.24M | $19.3M | $18.78M | $8.33M | $37.68M | $38.8M | $4.24M | $1.28M |
| Cash at End | $30.81M | $40.36M | $51M | $18.51M | $71.43M | $60.04M | $63.79M | $62.31M | $27.99M | $24.12M | $22.08M | $11.67M | $6.7M | $4.01M | $15.09M | $28.25M | $19.24M | $19.3M | $18.78M | $8.33M | $37.68M | $38.8M | $4.24M |