Marker Therapeutics, Inc. (MRKR)
Marker Therapeutics, Inc. is a clinical-stage immuno-oncology company focused on discovering and bringing to market a variety of T cell-based immunotherapies and peptide-based vaccines. These cutting-edge treatments are engineered to address both blood cancers (hematological malignancies) and solid tumor conditions across the United States. A cornerstone of their approach is the proprietary MultiTAA-specific T cell technology. This method involves producing T cells that are not genetically modified but are specifically designed to target tumors. These specialized T cells can identify multiple antigens associated with tumors, allowing them to effectively eliminate cancer cells that express these markers. Marker Therapeutics' MultiTAA-specific T cell therapies encompass patient-derived (autologous) T cells for treating lymphoma and various solid tumors, as well as donor-derived (allogeneic) T cells for acute myeloid leukemia and acute lymphoblastic leukemia. They also provide "off-the-shelf" solutions applicable to a range of diseases. In addition to T cell therapies, the company is advancing peptide-based immunotherapeutic vaccines. This pipeline includes TPIV100/110, developed to combat breast and ovarian cancer cells, and TPIV200, which is currently undergoing Phase 2 clinical trials for the treatment of breast and ovarian cancers. Founded in 1999, Marker Therapeutics maintains its headquarters in Houston, Texas.
Sector: Pharmaceutical Preparations
Industry: Biotechnology
Marker Therapeutics, Inc.
NASDAQ:MRKRHealthcare · Biotechnology
-2.97%$0.9800
AH$0.9800+0.00%vs close
Mkt Cap$16.34M
Float16.08M
O/S16.67M
Vol
$ Vol
RVOL
Inst Own23.8%
SI0.7%
Earnings
Dilution
Financials Summary
Revenue$0
Net Income-$12.16M
Total Assets$19.07M
Free Cash Flow-$12.01M
Debt & Equity
Equity 100%
Total Debt$0
Total Equity$16.8M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:10Reverse splitJan 27, 202310 shares → 1
Balance Sheet Details
Assets$19.07M
Liabilities$2.27M
Accounts Receivable$1.37M
Accounts Payable$794K
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 |
| Revenue | $0 | $6.59M | $3.31M | $3.51M | $1.24M | $467K | $213K | $206K | $183K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $32K | $121K |
| YoY Growth | - | 99.1% | -5.8% | 183.0% | 166.0% | 118.9% | 3.5% | 12.5% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -73.6% | - |
| Cost of Revenue | $0 | $13.47M | $10.42M | $11.97M | $3.16M | $18.88M | $12.76M | $124M | $5.25M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4K | $7K | $6K | $6K | $31K | $37K | $0 | $0 | $0 | $2K | $39K |
| Gross Profit | $0 | -$6.88M | -$7.11M | -$8.45M | -$1.92M | -$18.41M | -$12.55M | -$123.79M | -$5.07M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $22K | $82K |
| Gross Margin | - | -104.3% | -214.6% | -240.6% | -154.7% | -3944.9% | -5887.4% | -60095.0% | -2768.4% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 70.5% | 68.0% |
| Research and Development | $11.8M | $13.47M | $10.42M | $11.97M | $27.79M | $18.88M | $12.76M | $124M | $5.25M | $3.8M | $1.71M | $189K | $662K | $1.06M | $204K | $290K | $93K | $182K | $426K | $173K | $248K | $1.04M | $1.73M | $834K | $0 | $5K | $295K |
| Selling, General, and Administrative | $4.18M | $4.24M | $7.48M | $11.34M | $9.76M | $10.47M | $9.98M | $24.38M | $6.41M | $4.69M | $4.45M | $3.18M | $2M | $4.42M | $2.43M | $3.65M | $4.1M | $1.31M | $2.08M | $709K | $594K | $1.61M | $4.01M | $1.41M | $380K | $1.13M | $834K |
| Other | -$3.09M | -$13.47M | -$10.42M | -$11.97M | $0 | -$18.88M | -$12.76M | $116.05M | -$183K | $2K | $0 | $0 | $0 | $0 | $0 | $0 | $4K | $7K | $6K | $6K | $148K | $0 | $42K | $41K | $0 | $3K | $18K |
| Total Operating Expenses | $12.89M | $4.24M | $7.48M | $11.34M | $37.56M | $10.47M | $9.98M | $148.38M | $6.41M | $8.26M | $6.16M | $3.37M | $2.66M | $5.48M | $2.64M | $3.94M | $4.19M | $1.5M | $2.51M | $888K | $990K | $2.65M | $5.78M | $2.29M | $380K | $1.49M | $1.15M |
| Operating Income (EBIT) | -$12.89M | -$11.12M | -$14.58M | -$19.79M | -$39.48M | -$28.89M | -$22.53M | -$148.17M | -$11.48M | -$8.49M | -$6.16M | -$3.37M | -$2.66M | -$6.22M | -$2.64M | -$3.94M | -$4.19M | -$1.5M | -$2.51M | -$888K | -$1.01M | -$2.68M | -$5.78M | -$2.29M | -$380K | -$1.47M | -$1.06M |
| Operating Margin | - | -168.7% | -440.4% | -563.3% | -3179.3% | -6188.3% | -10567.3% | -71930.3% | -6271.0% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -4612.9% | -882.2% |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $11K | $576K | $1.76M | $745K | $679K | $1.24M | $1.19M | $778K | $1.38M | $447K | $117K | $0 | -$5.78M | -$2.29M | -$380K | $0 | $0 |
| Interest Income | $594K | $437K | $539K | $248K | $6K | $149K | $1.08M | $254K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3K | $0 | $0 | $0 | $0 | $0 | $0 | $125 | $0 | $0 | $0 |
| Other Income (Expense) | $712K | $437K | $539K | $15K | -$2.4M | $180K | $1.1M | $214K | $498K | $6.04M | -$27.91M | -$27.51M | -$2.87M | -$374K | $608K | -$1.15M | -$269K | -$696K | -$1.38M | -$416K | $30K | $0 | $0 | $0 | -$5K | $461K | -$63K |
| Income Before Tax (EBT) | -$12.18M | -$10.68M | -$14.04M | -$19.78M | -$41.88M | -$28.71M | -$21.43M | -$147.96M | -$10.98M | -$2.46M | -$34.07M | -$30.88M | -$5.53M | -$6.17M | -$2.03M | -$5.09M | -$4.46M | -$2.2M | -$3.89M | -$1.3M | -$990K | -$2.68M | -$5.78M | -$2.29M | -$385K | $0 | $0 |
| Income Tax Expense | -$15K | $50K | $4K | $0 | $0 | $0 | $0 | -$214K | $0 | $0 | $0 | $0 | $0 | -$1.11M | $0 | $0 | $0 | $0 | $0 | $0 | $990K | $0 | $0 | $0 | $0 | $1.29M | $1.13M |
| Net Income | -$12.16M | -$10.73M | -$8.24M | -$29.93M | -$41.88M | -$28.71M | -$21.43M | -$147.96M | -$10.98M | -$2.46M | -$34.07M | -$30.88M | -$5.53M | -$5.86M | -$2.03M | -$5.09M | -$4.46M | -$2.2M | -$3.89M | -$1.3M | -$990K | -$2.68M | -$5.78M | -$2.29M | -$385K | -$1.29M | -$1.13M |
| Net Income Margin | - | -162.8% | -248.8% | -851.9% | -3372.7% | -6149.7% | -10050.9% | -71826.4% | -5999.0% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -4061.0% | -933.6% |
| Supplementary Data | |||||||||||||||||||||||||||
| EPS | -0.79 | -1.19 | -1.93 | -3.58 | -5.47 | -6.10 | -4.70 | -77.50 | -11.62 | -3.56 | -93.02 | -239.63 | -584.40 | -1072.88 | -529.47 | -1535.18 | -1396.11 | -1124.39 | -2244.18 | -1304387.00 | -989558.00 | -2683105.00 | -5778905.00 | -2284709.00 | -384540.00 | -1291831.00 | -1127327.00 |
| Diluted EPS | -0.79 | -1.19 | -1.93 | -3.58 | -5.47 | -6.10 | -4.70 | -77.50 | -11.62 | -3.31 | -93.02 | -239.63 | -584.40 | -1072.88 | -529.47 | -1535.18 | -1396.11 | -1124.39 | -2244.18 | -1304387.00 | -989558.00 | -2683105.00 | -5778905.00 | -2284709.00 | -384540.00 | -1291831.00 | -1127327.00 |
| Weighted Average OS | 15.31M | 8.98M | 8.81M | 8.35M | 7.65M | 4.70M | 4.56M | 1.91M | 945,348 | 6.89M | 366,225 | 128,876 | 9,467 | 5,460 | 3,832 | 3,316 | 1,642 | 1,953 | 173 | 97 | 94 | 19.99M | 0 | 0 | 0 | 0 | 0 |
| EBITDA | -$12.44M | -$10.68M | -$11.25M | -$16.1M | -$38.72M | -$27.63M | -$22.24M | $206K | $183K | $6.04M | -$34.05M | -$30.31M | -$3.78M | $57K | $0 | -$3.85M | -$3.27M | -$1.41M | -$2.5M | -$851K | -$838K | -$2.65M | -$5.74M | -$2.24M | -$764K | -$457K | -$1.05M |
| EBITDA Margin | - | -162.1% | -339.9% | -458.1% | -3118.0% | -5919.3% | -10432.9% | 99.8% | 100.0% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -1437.2% | -867.3% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 |
| Assets | |||||||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||||||
| Cash and Cash Equivalents | $16.07M | $19.19M | $15.11M | $11.78M | $42.35M | $21.35M | $43.9M | $61.75M | $5.13M | $7.85M | $6.58M | $142K | $49K | $51K | $250K | $24K | $141K | $987 | $168K | $120K | $56K | $12K | $19K | $643K | $10K | $190K | $44K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $16.07M | $19.19M | $15.11M | $11.78M | $42.35M | $21.35M | $43.9M | $61.75M | $5.13M | $7.85M | $6.58M | $142K | $49K | $51K | $250K | $24K | $141K | $987 | $168K | $120K | $56K | $12K | $19K | $643K | $10K | $190K | $44K |
| Accounts Receivable | $1.37M | $2.35M | $1.03M | $2.4M | $237 | $1M | $56K | $108K | $0 | $0 | $0 | $0 | $0 | $1K | $1K | $1K | $1K | $33K | $60K | $0 | $0 | $0 | $0 | $0 | $0 | $17K | $19K |
| Inventory | $0 | $0 | -$988K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $15K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$190K | $17K |
| Other Current Assets | $975K | $0 | $988K | $586K | $1.15M | $0 | $1.53M | $142K | $0 | $0 | $0 | $0 | $13K | $37K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $68K | $15K |
| Total Current Assets | $19.07M | $22.02M | $17.13M | $16.62M | $45.98M | $24.41M | $45.49M | $62M | $5.18M | $7.92M | $6.65M | $224K | $77K | $104K | $308K | $116K | $357K | $44K | $262K | $154K | $83K | $12K | $20K | $649K | $10K | $85K | $95K |
| Long-Term Assets | |||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $17.8M | $22.15M | $21.2M | $873K | $148K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $9K | $17K | $166 | $7K | $35K | $73K | $113K | $0 | $35K | $53K |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $0 | $0 | $143 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $32K | $0 | $0 | $0 | $0 | $0 | $0 | $41K | $0 | $0 | $150K | $0 | $0 |
| Total Long-Term Assets | $0 | $0 | $0 | $17.8M | $22.15M | $21.2M | $873K | $148K | $0 | $0 | $0 | $0 | $0 | $0 | $32K | $0 | $0 | $9K | $17K | $166 | $7K | $76K | $73K | $113K | $150K | $35K | $53K |
| Other Assets | $0 | $0 | $0 | $0 | -$139 | -$264 | $0 | -$332 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $19.07M | $22.02M | $17.13M | $34.42M | $68.14M | $45.61M | $46.36M | $62.14M | $5.18M | $7.92M | $6.65M | $224K | $77K | $104K | $340K | $116K | $357K | $53K | $279K | $154K | $90K | $88K | $93K | $761K | $0 | $121K | $148K |
| Liabilities | |||||||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||||||
| Accounts Payable | $794K | $1.07M | $961K | $1.1M | $5.14M | $2.94M | $993K | $1.62M | $1.01M | $680K | $691K | $693K | $1.45M | $1.66M | $625K | $809K | $587K | $0 | $1.1M | $889K | $891K | $919K | $662K | $265K | $44K | $488K | $107K |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $204K | $0 | $5K | $5K | $53K | $53K | $6.05M | $1.45M | $1.11M | $778K | $338K | $820K | $497K | $1.67M | $543K | $477K | $0 | $0 | $190K | $195K | $104K |
| Current Income Tax Payable | $0 | $104K | $219K | $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 | $975K | $0 | $0 | $2.5M | $1.15M | $0 | $0 | $0 | $493K | $545K | $0 | $73K | $2.7M | $745K | $323K | $259K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $87K | $87K | $1.84M | $2.93M | $2.05M | $1.69M | $473K | $466K | $166K | $725K | $27.18M | $429K | $1.13M | $2.95M | $1.58M | $1.4M | $0 | $0 | $154K | $596K | $876K | $1.13M | $75K | $31K | $0 | $0 | $30K |
| Total Current Liabilities | $2.27M | $3.46M | $3.07M | $7.78M | $12.9M | $6.4M | $1.99M | $2.8M | $1.52M | $1.74M | $28.01M | $1.25M | $9K | $5.77M | $3.8M | $3.39M | $986K | $3.08M | $1.95M | $3.15M | $2.31M | $2.53M | $737K | $296K | $173K | $683K | $241K |
| 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 | $0 | $0 | $49K |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $0 | $0 | $0 | $7.04M | $11.25M | $11.87M | $280K | $1.62M | $1.02M | $685K | $1.02M | $674K | $4.93M | $3.13M | $1.9M | $1.73M | $338K | $820K | $1.75M | $1.47M | $1.43M | $2.2M | $662K | $265K | $130K | $683K | $49K |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.62M | -$1.02M | -$685K | -$1.02M | -$674K | -$4.93M | -$3.13M | -$1.9M | -$1.73M | -$338K | -$820K | -$1.75M | -$1.47M | -$1.43M | -$2.2M | -$662K | -$265K | -$130K | -$683K | $0 |
| Total Liabilities | $2.27M | $3.46M | $3.07M | $14.82M | $24.15M | $18.27M | $2.27M | $2.8M | $1.52M | $1.74M | $28.01M | $1.25M | $8.85M | $5.77M | $3.8M | $3.39M | $986K | $3.08M | $1.95M | $3.15M | $2.31M | $2.53M | $737K | $296K | $173K | $683K | $290K |
| 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 | $0 | $0 |
| Common Stock | $17K | $11K | $9K | $8K | $8K | $51K | $46K | $45K | $11K | $8K | $71K | $20K | $145K | $76K | $52K | $40K | $38K | $24K | $24K | $29K | $29K | $20K | $19K | $16K | $38K | $14K | $13K |
| Retained Earnings | -$459.18M | -$447.02M | -$436.29M | -$428.05M | -$398.12M | -$356.24M | -$327.53M | -$306.11M | -$157.42M | -$145.82M | -$133.51M | -$86.31M | -$55.43M | -$49.58M | -$43.72M | -$31.13M | -$25.27M | -$20.81M | -$18.62M | -$14.72M | -$13.42M | -$12.43M | -$9.75M | -$3.97M | -$3.22M | -$2.84M | -$1.54M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$58K | -$62K | -$61K | -$61K | -$60K | -$60K | $8K | $369K | $792K | $631K | $687K | $801K | $15K | $58K | $5K |
| Other Stockholders' Equity | $475.96M | $465.56M | $450.33M | $447.64M | $442.1M | $383.53M | $371.57M | $365.4M | $161.07M | $151.99M | $112.08M | $85.27M | $46.51M | $43.84M | $40.21M | $27.82M | $24.61M | $17.76M | $16.92M | $11.7M | $11.17M | $9.97M | $9.09M | $4.42M | $3.01M | $2.26M | $1.39M |
| Total Equity | $16.8M | $18.56M | $14.05M | $19.6M | $43.99M | $27.34M | $44.09M | $59.34M | $3.66M | $6.18M | -$21.36M | -$1.02M | -$8.77M | -$5.67M | -$3.46M | -$3.27M | -$629K | -$3.02M | -$1.67M | -$3M | -$2.22M | -$2.44M | -$644K | $466K | -$173K | -$562K | -$141K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $19.07M | $22.02M | $17.13M | $34.42M | $68.14M | $45.61M | $46.36M | $62.14M | $5.18M | $7.92M | $6.65M | $224K | $77K | $104K | $340K | $116K | $357K | $53K | $279K | $154K | $90K | $88K | $93K | $761K | $0 | $121K | $148K |
| Supplementary Data | |||||||||||||||||||||||||||
| Total Debt | $0 | $0 | $0 | $7.62M | $11.87M | $12.26M | $484K | $0 | $5K | $5K | $53K | $53K | $3.48M | $1.45M | $1.11M | $920K | $338K | $820K | $651K | $583K | $543K | $477K | $0 | $0 | $70K | $195K | $153K |
| Net Debt | -$16.07M | -$19.19M | -$15.11M | -$4.17M | -$30.48M | -$9.1M | -$43.42M | -$61.75M | -$5.12M | -$7.85M | -$6.52M | -$89K | $3.43M | $1.4M | $856K | $896K | $197K | $819K | $483K | $463K | $486K | $465K | -$19K | -$643K | $60K | $5K | $110K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 |
| Operating Activities | |||||||||||||||||||||||||||
| Net Income | -$12.16M | -$10.73M | -$14.05M | -$19.78M | -$41.88M | -$28.71M | -$21.43M | -$147.96M | -$10.98M | -$2.46M | -$34.07M | -$30.88M | -$5.53M | -$5.86M | -$2.03M | -$5.09M | -$4.46M | -$2.2M | -$3.89M | -$1.3M | -$986K | -$2.68M | -$5.78M | -$2.28M | -$380K | -$1.29M | -$1.13M |
| Depreciation & Amortization | $0 | $0 | $2.79M | $3.68M | $3.16M | $1.08M | $287K | $148.17M | $11.48M | $8.49M | $0 | $0 | $0 | $5.48M | $0 | $0 | $4K | $7K | $6K | $6K | $31K | $37K | $42K | $41K | $0 | $3K | $18K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$956K | $0 | -$964K | $0 | $0 | -$2.73M | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $538K | $246K | $858K | $3.3M | $0 | $5.23M | $5.36M | $16.35M | $2.74M | $1.56M | $1.71M | $1.39M | $132K | $2.44M | $1.26M | $2.29M | $2.53M | $234K | $964K | $0 | $0 | $2.73M | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||||||
| Accounts Receivable | $977K | -$1.32M | $1.37M | -$2.4M | $1M | $56K | $52K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $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 | $0 | $28K |
| Accounts Payable | -$455K | $9K | $611K | $0 | $4.14M | $0 | -$964K | $1.24M | $283K | $258K | $96K | -$145K | $2.48M | $2.03M | -$66K | $0 | $0 | $389K | $374K | $3K | $3K | $106K | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$911K | $885K | $861K | -$2.36M | $331K | $2.34M | -$1.57M | -$199K | $19K | -$1K | $14K | -$68K | $100K | $193K | $121K | $729K | $693K | $96K | -$13K | -$261K | -$163K | $1.18M | $402K | $207K | $139K | -$452K | -$18K |
| Total Working Capital Change | -$388K | -$425K | $2.85M | -$4.76M | $5.47M | $2.4M | -$2.48M | $1.04M | $302K | $256K | $110K | -$213K | $2.58M | $2.23M | $55K | $729K | $693K | $485K | $361K | -$258K | -$160K | $1.28M | $402K | $207K | $139K | -$452K | $10K |
| Other Non-Cash Items | $0 | $0 | -$8.89M | -$9.42M | $5.96M | -$31K | -$18K | -$32.09M | -$11.98M | -$14.36M | $27.91M | $27.52M | $2.12M | -$5.86M | -$598K | $1.15M | $1.07M | $755K | $2.3M | $370K | -$50K | $149K | $2.74M | $630K | $243K | $860K | $284K |
| Net Cash from Operating | -$12.01M | -$10.91M | -$16.44M | -$26.97M | -$27.28M | -$20.03M | -$18.28M | -$14.48M | -$8.44M | -$6.51M | -$4.34M | -$2.19M | -$695K | -$1.57M | -$1.31M | -$925K | -$1.12M | -$714K | -$1.23M | -$1.19M | -$1.16M | -$1.21M | -$2.59M | -$1.41M | $2K | -$880K | -$815K |
| Investing Activities | |||||||||||||||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | -$3.13M | -$9.25M | -$375K | -$148K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$22K | $0 | -$2K | $0 | -$2K | -$6K | $0 | -$3K | -$54K |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $18.66M | -$4.95M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$22K | -$2K | -$2K | -$2K | $0 | $423K | $0 | $0 | $17K |
| Net Cash from Investing | $0 | $0 | $18.66M | -$4.95M | -$3.13M | -$9.25M | -$375K | -$148K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$22K | -$2K | -$2K | -$2K | -$2K | $418K | $0 | -$3K | -$37K |
| Financing Activities | |||||||||||||||||||||||||||
| Debt Repaid | - | - | - | - | - | - | - | - | - | $48K | - | -$403K | -$708K | -$602K | -$725K | - | -$350K | - | - | -$376K | -$60K | -$500K | - | -$69K | - | -$185K | $83K |
| Common Stock Issuance | $9.86M | $14.93M | $1.01M | $202K | $52.55M | $6.19M | $816K | $66.94M | $5.41M | $2.33M | $2.46M | $1.88M | $0 | $555K | $683K | $0 | $700K | $60K | $458K | $1.09M | $1.36M | $550K | $1.96M | $1.57M | $0 | $623K | $972K |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$72K | -$310K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $62K | $90K | $0 | $3K | $550K | $0 | $4.37M | $620K | $5.5M | $8.31M | $0 | -$31K | $56K | $129K | $243K | $77K | $366K | $278K | $0 | -$207K | $174K | $44K | -$13K | -$2K | $0 | $0 |
| Net Cash from Financing | $9.86M | $14.99M | $1.11M | $202K | $52.56M | $6.74M | $816K | $71.25M | $5.72M | $7.78M | $10.78M | $2.28M | $709K | $1.37M | $1.54M | $807K | $1.26M | $548K | $1.32M | $1.22M | $1.21M | $1.22M | $2.01M | $1.63M | -$2K | $808K | $888K |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$23K | $30K | -$2K | -$17K | -$37K | -$6K | $0 | $31K | -$30K |
| Net Change in Cash | -$2.15M | $4.08M | $3.33M | -$31.72M | $22.14M | -$22.55M | -$17.84M | $56.62M | -$2.72M | $1.27M | $6.43M | $93K | $15K | -$200K | $227K | -$118K | $140K | -$167K | $47K | $64K | $45K | -$8K | -$623K | $631K | $0 | -$44K | $6K |
| Supplementary Data | |||||||||||||||||||||||||||
| Operating Cash Flow | -$12.01M | -$10.91M | -$16.44M | -$26.97M | -$27.28M | -$20.03M | -$18.28M | -$14.48M | -$8.44M | -$6.51M | -$4.34M | -$2.19M | -$695K | -$1.57M | -$1.31M | -$925K | -$1.12M | -$714K | -$1.23M | -$1.19M | -$1.16M | -$1.21M | -$2.59M | -$1.41M | $2K | -$880K | -$815K |
| Capital Expenditure | $1 | $4 | $1 | $3 | -$3.13M | -$9.25M | -$375K | -$148K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$22K | $0 | -$2K | $0 | -$2K | -$6K | $0 | -$3K | -$54K |
| Free Cash Flow | -$12.01M | -$10.91M | -$16.44M | -$26.97M | -$30.41M | -$29.29M | -$18.66M | -$14.63M | -$8.44M | -$6.51M | -$4.34M | -$2.19M | -$695K | -$1.57M | -$1.31M | -$925K | -$1.12M | -$714K | -$1.25M | -$1.19M | -$1.17M | -$1.21M | -$2.59M | -$1.41M | $2K | -$883K | -$869K |
| Cash at Beginning | $19.19M | $15.11M | $11.78M | $43.5M | $21.35M | $43.9M | $61.75M | $5.13M | $7.85M | $6.58M | $142K | $49K | $34K | $250K | $24K | $141K | $987 | $168K | $120K | $56K | $12K | $19K | $643K | $12K | $0 | $44K | $38K |
| Cash at End | $17.04M | $19.19M | $15.11M | $11.78M | $43.5M | $21.35M | $43.9M | $61.75M | $5.13M | $7.85M | $6.58M | $142K | $49K | $51K | $250K | $24K | $141K | $987 | $168K | $120K | $56K | $12K | $19K | $643K | $0 | $0 | $44K |