MATERIALISE NV (MTLS)
Materialise N.V. (MTLS), founded in 1990 and headquartered in Leuven, Belgium, is a global leader in additive manufacturing and medical technology. The company offers specialized software and comprehensive 3D printing services across the Americas, Europe, Africa, and Asia-Pacific regions. Its operations are divided into three core segments: 1. Materialise Software: This division develops sophisticated software solutions designed to empower and optimize the functionality of 3D printers and overall 3D printing workflows. Their software acts as a vital bridge, connecting various types of 3D printers with different software applications and data capture technologies, such as computer-aided design/manufacturing suites and 3D scanners. This segment serves a diverse clientele, including manufacturers of 3D printing equipment, production companies, and contract manufacturers in industries like automotive, aerospace, consumer goods, and hearing aids, as well as 3D printing service bureaus. Sales are conducted through their dedicated sales force, online platform, and a network of third-party distributors. 2. Materialise Medical: Focused on healthcare, this segment provides medical software that facilitates advanced medical-image-based analysis and engineering. This capability supports the personalized design of surgical devices and implants tailored to individual patients. Its customer base includes medical device companies, hospitals, universities, research institutions, and industrial firms, with sales handled by a direct sales team, their website, and through partnerships with picture archiving and communication system (PACS) providers. 3. Materialise Manufacturing: This segment delivers end-to-end 3D printing services. It encompasses design and engineering support, rapid prototyping, and the additive manufacturing of final production parts for a broad spectrum of industrial and commercial clients. Materialise N.V. also maintains significant collaboration agreements with several prominent companies in the medical field, including Zimmer Biomet Holdings, Inc.; Encore Medical, L.P.; DePuy Synthes Companies of Johnson & Johnson; Limacorporate Spa; Mathys AG; Corin Ltd; Medtronic Inc.; and Abbott Laboratories Inc.
Sector: Services-Prepackaged Software
Industry: Software - Application
Materialise N.V.
NASDAQ:MTLSTechnology · Software - Application
+1.35%$6.75
Prev close$6.66+1.35%Close$6.750.00%AH close$6.75
AH$6.75+0.00%vs close
Mkt Cap$385.43M
Float22M
O/S57.1M
Inst Own14.1%
SI2.4%
Dilution
Financials Summary
Revenue$287.02M
Net Income$8.28M
Total Assets$469.45M
Free Cash Flow$10.2M
Debt & Equity
Debt 21%
Equity 79%
Total Debt$73.85M
Total Equity$285.21M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in MTLS's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$469.45M
Liabilities$184.33M
Accounts Receivable$61.31M
Accounts Payable$22.46M
Inventory$16.63M
PP&E (Net)$132.01M
Goodwill$48.17M
Intangible Assets$28.61M
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Revenue | $287.02M | $297.84M | $285.97M | $259.05M | $229.38M | $190.31M | $219.59M | $206.24M | $159.18M | $127.81M | $113.92M | $90.83M | $76.73M | $65.99M |
| YoY Growth | -3.6% | 4.2% | 10.4% | 12.9% | 20.5% | -13.3% | 6.5% | 29.6% | 24.5% | 12.2% | 25.4% | 18.4% | 16.3% | - |
| Cost of Revenue | $122.99M | $129.45M | $123.93M | $115.28M | $97.45M | $85.35M | $97.19M | $91.89M | $70.1M | $52.15M | $47.97M | $36.17M | $30.36M | $26.56M |
| Gross Profit | $164.03M | $168.4M | $162.04M | $143.77M | $131.94M | $104.95M | $122.4M | $114.35M | $89.08M | $75.67M | $65.95M | $54.66M | $46.37M | $39.43M |
| Gross Margin | 57.1% | 56.5% | 56.7% | 55.5% | 57.5% | 55.2% | 55.7% | 55.4% | 56.0% | 59.2% | 57.9% | 60.2% | 60.4% | 59.7% |
| Research and Development | $49.43M | $49.57M | $42.54M | $41.94M | $30.02M | $30.26M | $26.07M | $25.03M | $22.28M | $19.74M | $20.3M | $16.85M | $11.83M | $10.52M |
| Selling, General, and Administrative | $107.54M | $113.01M | $105.94M | $103.85M | $86.63M | $77.7M | $94.49M | $87.77M | $72.12M | $62.74M | $56.27M | $43.75M | $33.57M | $30.05M |
| Other | $1.54M | -$4.72M | $7.28M | $1.18M | $1.65M | $2.17M | -$5.91M | -$4.21M | -$6.29M | -$6.94M | -$6.27M | -$6.31M | -$3.84M | -$3.59M |
| Total Operating Expenses | $158.51M | $157.87M | $155.77M | $146.98M | $118.3M | $110.13M | $114.65M | $108.59M | $88.12M | $75.55M | $70.3M | $54.29M | $41.55M | $36.98M |
| Operating Income (EBIT) | $5.52M | $10.53M | $6.27M | -$3.21M | $13.64M | -$5.18M | $7.74M | $5.77M | $438K | $119K | -$4.34M | $368K | $4.93M | $2.32M |
| Operating Margin | 1.9% | 3.5% | 2.2% | -1.2% | 5.9% | -2.7% | 3.5% | 2.8% | 0.3% | 0.1% | -3.8% | 0.4% | 6.4% | 3.5% |
| Interest Expense | $6.02M | $1.84M | $2.33M | $3.26M | $3.75M | $3.81M | $3.56M | $5.43M | $1.15M | $742K | $687K | $677K | $634K | $671K |
| Interest Income | $4.26M | $4.75M | $4.97M | $1.56M | $868K | $532K | $0 | $4.05M | $7K | $16K | $45K | $69K | $0 | $0 |
| Other Income (Expense) | $2.3M | $5.26M | $1.29M | $1.89M | $1.7M | -$4M | -$3.01M | -$1.91M | -$2.22M | -$1.58M | $715K | $2.15M | -$1.1M | -$563K |
| Income Before Tax (EBT) | $7.81M | $15.79M | $7.56M | -$1.32M | $15.34M | -$9.18M | $4.73M | $3.85M | -$1.78M | -$1.46M | -$3.63M | $2.52M | $3.83M | $1.76M |
| Income Tax Expense | -$460K | $818K | $87K | $1.09M | $660K | -$1.15M | $2.9M | $475K | $583K | $1.91M | -$434K | $432K | $23K | $135K |
| Net Income | $8.28M | $15M | $7.51M | -$2.37M | $14.69M | -$7.86M | $1.77M | $3.38M | -$2.36M | -$3.37M | -$3.13M | $2.3M | $3.92M | $1.73M |
| Net Income Margin | 2.9% | 5.0% | 2.6% | -0.9% | 6.4% | -4.1% | 0.8% | 1.6% | -1.5% | -2.6% | -2.8% | 2.5% | 5.1% | 2.6% |
| Supplementary Data | ||||||||||||||
| EPS | 0.13 | 0.23 | 0.11 | -0.04 | 0.24 | -0.14 | 0.03 | 0.06 | -0.04 | -0.06 | -0.06 | 0.05 | 0.09 | 0.04 |
| Diluted EPS | 0.13 | 0.23 | 0.11 | -0.04 | 0.24 | -0.14 | 0.03 | 0.06 | -0.04 | -0.06 | -0.06 | 0.05 | 0.09 | 0.04 |
| Weighted Average OS | 59.07M | 59.07M | 59.07M | 59.06M | 56.69M | 53.36M | 52.91M | 49.81M | 47.33M | 47.33M | 46.78M | 43.12M | 39.07M | 39.07M |
| EBITDA | $28.8M | $34.83M | $33.6M | $26.17M | $41M | $15.35M | $29.42M | $24.79M | $15.42M | $7.96M | $4.55M | $8.3M | $8.03M | $5.72M |
| EBITDA Margin | 10.0% | 11.7% | 11.7% | 10.1% | 17.9% | 8.1% | 13.4% | 12.0% | 9.7% | 6.2% | 4.0% | 9.1% | 10.5% | 8.7% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Assets | |||||||||||||||
| Current Assets | |||||||||||||||
| Cash and Cash Equivalents | $149.46M | $114.22M | $142.44M | $157.28M | $218.87M | $152.37M | $161.54M | $128.96M | $48.2M | $62.43M | $56.64M | $56.96M | $14.07M | $7.16M | $3.26M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $11.16M | $0 | $0 | $0 |
| Cash and Short-Term Investments | $149.46M | $114.22M | $142.44M | $157.28M | $218.87M | $152.37M | $161.54M | $128.96M | $48.2M | $62.43M | $56.64M | $68.13M | $14.07M | $7.16M | $3.26M |
| Accounts Receivable | $61.31M | $59.23M | $58.84M | $61.12M | $50.5M | $49.62M | $58.85M | $41.19M | $47.45M | $35.32M | $25.5M | $22.25M | $13.82M | $12.4M | $11.46M |
| Inventory | $16.63M | $18.97M | $19.02M | $17.24M | $12.06M | $13.72M | $15.91M | $11.15M | $12.94M | $7.5M | $6.01M | $4.09M | $3.72M | $3.89M | $3.35M |
| Other Current Assets | $22.15M | $20.28M | $10.23M | $5.99M | $6.42M | $0 | $0 | $48.93M | $210K | -$316K | $5.57M | $2.21M | $3.41M | $2.05M | $1.66M |
| Total Current Assets | $249.55M | $212.71M | $230.52M | $241.63M | $287.84M | $215.71M | $236.31M | $189.04M | $108.81M | $106.9M | $93.73M | $96.68M | $35.01M | $25.51M | $19.73M |
| Long-Term Assets | |||||||||||||||
| Property, Plant & Equipment Net | $132.01M | $132.92M | $115.56M | $114.66M | $104.4M | $135.6M | $127.32M | $103.32M | $97M | $50.31M | $42.87M | $33.73M | $23.02M | $23M | $20.11M |
| Goodwill | $48.17M | $48.45M | $48.19M | $49.3M | $20.91M | $25.41M | $24.57M | $19.53M | $20.6M | $9.89M | $10.79M | $8.61M | $1.8M | $1.71M | $1.71M |
| Intangible Assets | $28.61M | $33.46M | $35.13M | $42.29M | $35.36M | $45.06M | $34.33M | $29.39M | $31.98M | $10.9M | $10.78M | $8.63M | $1.61M | $1.26M | $693K |
| Long-Term Investments | $0 | $4.46M | $4.18M | $4.24M | $4.42M | $13.72M | $7.49M | $3.02M | $35K | $433K | $1.53M | $834K | $282K | $234K | $217K |
| Deferred Tax Assets | $4.43M | $1K | $6K | $1.32M | $253K | $275K | $241K | $352K | $339K | $375K | $1.22M | $259K | $453K | $393K | $535K |
| Other Long-Term Assets | $6.68M | $10.51M | $9.26M | $5.73M | $8.39M | $9.47M | $7.63M | $5.06M | $4.09M | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Assets | $219.9M | $229.8M | $212.32M | $217.55M | $173.73M | $229.54M | $201.58M | $160.67M | $154.05M | $71.92M | $67.2M | $52.06M | $27.16M | $26.6M | $23.27M |
| Other Assets | $0 | $0 | -$1K | $1K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $469.45M | $442.51M | $442.84M | $459.17M | $461.57M | $445.24M | $437.89M | $349.72M | $265.21M | $180.78M | $160.93M | $148.74M | $62.18M | $52.11M | $43M |
| Liabilities | |||||||||||||||
| Current Liabilities | |||||||||||||||
| Accounts Payable | $22.46M | $26.07M | $23.67M | $25.94M | $22.52M | $24.18M | $23.21M | $20.84M | $17.5M | $14.96M | $10.84M | $8.04M | $7.59M | $5.22M | $5.91M |
| Short-Term Debt | $11.52M | $11.59M | $25.54M | $19.05M | $19.93M | $23.94M | $21.1M | $15.18M | $14.26M | $6.18M | $5M | $6.14M | $5.18M | $4.51M | $6M |
| Current Income Tax Payable | $0 | $3.22M | $1.99M | $3.64M | $3.17M | $1.09M | $3.75M | $2.58M | $3.97M | $1.03M | $285K | $143K | $897K | $701K | $1.07M |
| Current Unearned Revenue | $48.57M | $51.36M | $45.54M | $46.58M | $37.19M | $40.37M | $34.64M | $25.9M | $21.52M | $19.9M | $16.41M | $11.67M | $7.56M | $6.34M | $4.7M |
| Other Current Liabilities | $19.16M | $2.02M | $950K | $1.15M | $1.01M | $10.3M | $9.28M | $5.11M | $2.77M | $2.52M | $834K | $1.26M | $240K | $107K | $76K |
| Total Current Liabilities | $102.54M | $114.08M | $117.18M | $118.48M | $102.09M | $115.36M | $105.33M | $81.63M | $70.06M | $53.41M | $42.83M | $35.66M | $26.9M | $21.34M | $21.65M |
| Long-Term Liabilities | |||||||||||||||
| Long-Term Debt | $58.91M | $25.87M | $37.49M | $62.38M | $81.1M | $123.63M | $131.18M | $98.77M | $91.32M | $31.56M | $18.54M | $13.23M | $13.04M | $12.99M | $7.25M |
| Long-Term Unearned Revenue | $19.36M | $14.81M | $11.95M | $10.36M | $7.2M | $7.28M | $6.31M | $5.12M | $4.21M | $4.01M | $2.22M | $2.3M | $1.82M | $2.84M | $984K |
| Long-Term Deferred Tax Liabilities | $2.97M | $3.58M | $4.16M | $4.81M | $4.88M | $6.81M | $7.2M | $6.95M | $8.28M | $1.48M | $2.31M | $1.48M | $237K | $58K | $7K |
| Other Long-Term Liabilities | -$2.88M | $1.01M | $1.95M | $1.8M | $745K | $544K | $872K | $969K | $2.13M | $2.09M | $2.41M | $978K | -$1.07M | $0 | $0 |
| Total Long-Term Liabilities | $81.78M | $50.99M | $61.5M | $85.1M | $99.81M | $147.94M | $153.62M | $116.25M | $105.93M | $39.14M | $25.48M | $17.99M | $15.48M | $15.88M | $8.24M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $184.33M | $165.07M | $178.68M | $203.58M | $201.9M | $263.3M | $258.95M | $197.88M | $178.67M | $92.54M | $68.31M | $53.65M | $42.37M | $37.22M | $29.89M |
| Stockholders' Equity | |||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.76M | $4.14M | $2.1M | $0 | $0 | $0 | $1.22M | $0 |
| Common Stock | $5.01M | $5.01M | $5.01M | $5.01M | $5.01M | $5.6M | $3.84M | $3.41M | $3.05M | $3.05M | $3.05M | $3.11M | $2.5M | $2.49M | $2.49M |
| Retained Earnings | $52.65M | $21.21M | $6.52M | -$1.29M | $1.08M | -$9.99M | -$341K | -$1.76M | -$4.14M | -$2.1M | $1.57M | $6.44M | $0 | -$1.22M | $0 |
| Comprehensive Income & Other | $0 | -$10.14M | -$8.51M | -$9.23M | -$7.54M | -$6.65M | -$1.73M | -$4.13M | -$5.64M | -$3.03M | $805K | $6.54M | $3.54M | -$1.22M | -$2.93M |
| Other Stockholders' Equity | $227.55M | $251.31M | $252.68M | $251.91M | $253.58M | $186.34M | $171.34M | $150.19M | $87.64M | $87.29M | $88M | $85.69M | $17.29M | $13.58M | $10.63M |
| Total Equity | $285.21M | $277.54M | $264.22M | $255.63M | $259.67M | $181.94M | $174.84M | $151.83M | $86.55M | $88.24M | $92.62M | $95.24M | $19.79M | $14.85M | $13.11M |
| Minority Interest | -$89K | -$96K | -$59K | -$31K | $1K | $0 | $4.11M | $0 | $0 | $0 | $0 | -$147K | $11K | $42K | -$7K |
| Total Liabilities and Equity | $469.54M | $442.61M | $442.9M | $459.21M | $461.57M | $445.24M | $433.79M | $349.72M | $265.21M | $180.78M | $160.93M | $148.89M | $62.16M | $52.07M | $43M |
| Supplementary Data | |||||||||||||||
| Total Debt | $73.85M | $46.09M | $71.9M | $90.41M | $110.65M | $157.25M | $160.34M | $118.39M | $105.57M | $37.74M | $23.55M | $19.37M | $18.22M | $17.5M | $13.25M |
| Net Debt | -$75.6M | -$68.13M | -$70.53M | -$66.86M | -$108.21M | $4.88M | -$1.2M | -$10.57M | $57.37M | -$24.68M | -$33.09M | -$37.59M | $4.15M | $10.33M | $9.99M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Operating Activities | ||||||||||||||
| Net Income | $8.28M | $14.97M | $7.35M | -$2.4M | $14.68M | -$8.12M | $1.84M | $3.38M | -$1.85M | -$3.37M | -$3.19M | $2.09M | $3.81M | $1.62M |
| Depreciation & Amortization | $23.28M | $24.3M | $24.08M | $25.2M | $22.94M | $21.97M | $21.52M | $19.3M | $14.04M | $9.35M | $7.49M | $5.1M | $3.56M | $3.25M |
| Deferred Income Tax | -$478K | $0 | $80K | $1.09M | $660K | -$1.06M | $2.9M | $476K | $596K | $1.91M | -$433K | $432K | -$8K | $193K |
| Stock-Based Compensation | $0 | $318K | $44K | -$156K | -$1.16M | $840K | $337K | $1.2M | $1.15M | $1.09M | $859K | $754K | $35K | $28K |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | -$2.86M | -$1.16M | -$3.65M | -$7.07M | -$12.19M | $10.28M | $241K | -$3.52M | -$7.27M | -$7.22M | -$7.42M | -$6.42M | -$2.82M | -$1.52M |
| Inventory | -$969K | -$415K | -$881K | -$5.59M | -$1.59M | $3.04M | -$832K | $907K | -$1.1M | -$2.77M | -$1.87M | -$347K | $178K | -$544K |
| Accounts Payable | -$5.37M | $0 | -$9.8M | $0 | $7.2M | $651K | $4.68M | $8.49M | $4.3M | $10.14M | $9.45M | $5.78M | $3.9M | $2.91M |
| Other Working Capital | -$284K | -$10K | $287K | $13.81M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Working Capital Change | -$9.48M | -$1.58M | -$14.04M | $1.14M | -$6.58M | $13.97M | $4.09M | $5.87M | -$4.06M | $155K | $163K | -$986K | $1.26M | $847K |
| Other Non-Cash Items | $3.72M | -$2.88M | $4.99M | $16K | -$1.69M | $5.87M | $1.02M | $1.39M | $1.16M | $348K | -$789K | -$1.98M | $1.26M | $885K |
| Net Cash from Operating | $25.32M | $35.12M | $22.51M | $24.88M | $28.85M | $33.47M | $31.71M | $31.62M | $11.04M | $9.48M | $4.09M | $5.4M | $9.92M | $6.83M |
| Investing Activities | ||||||||||||||
| Capital Expenditures | -$17.44M | -$27.52M | -$10.31M | -$24.13M | -$13.09M | -$19.71M | -$15.04M | -$22.45M | -$35.74M | -$16.28M | -$11.78M | -$11.73M | -$3.29M | -$5.63M |
| Acquisitions | $417K | -$2.98M | $0 | -$32.71M | -$977K | -$9.3M | -$8.36M | -$2.98M | -$30.34M | $2.26M | -$4.39M | -$12.13M | -$408K | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | -$335K | -$314K | -$2.98M | $0 | $0 | -$1.12M | -$11.16M | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | -$6.44M | $0 | -$2.05M | $0 | $0 | $11.16M | -$916K | $0 | $0 |
| Other Investing Activities | $6.62M | -$1.42M | -$2.01M | -$3.3M | -$598K | $4.22M | -$4.89M | $5.75M | $2K | -$93K | $1.53M | $1.05M | $15K | $95K |
| Net Cash from Investing | -$10.41M | -$31.92M | -$12.32M | -$60.14M | -$14.66M | -$31.56M | -$28.6M | -$24.71M | -$66.08M | -$14.11M | -$4.59M | -$34.89M | -$3.68M | -$5.54M |
| Financing Activities | ||||||||||||||
| Debt Repaid | - | $29.46M | $22.63M | $23.54M | $20.16M | $19.4M | -$12.94M | -$11.87M | -$44.07M | -$11.14M | $653K | $2.25M | -$208K | -$3.16M |
| Common Stock Issuance | $0 | $0 | $0 | $26K | $98.38M | $4.59M | $0 | $67.54M | $0 | $0 | $648K | $78.7M | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$687K |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$5.59M | -$1.4M | -$2.34M | -$1.61M | $1.22M | -$4.05M | -$904K | -$6.57M | -$1.59M | -$792K | -$1.45M | -$7.16M | $606K | $185K |
| Net Cash from Financing | $20.09M | -$30.86M | -$24.97M | -$25.13M | $79.45M | -$18.86M | $12.04M | $72.83M | $42.47M | $10.35M | -$2M | $69.29M | $814K | $2.66M |
| Forex Effect | $13.79M | -$549K | -$51K | -$1.2M | $697K | -$2.44M | -$195K | $1.01M | -$1.65M | $73K | $2.16M | $3.09M | -$144K | -$42K |
| Net Change in Cash | $48.79M | -$28.21M | -$14.84M | -$61.59M | $94.33M | -$19.38M | $14.95M | $80.76M | -$14.22M | $5.79M | -$327K | $42.9M | $6.9M | $3.9M |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $25.32M | $35.12M | $22.51M | $24.88M | $28.85M | $33.47M | $31.71M | $31.62M | $11.04M | $9.48M | $4.09M | $5.4M | $9.92M | $6.83M |
| Capital Expenditure | -$15.11M | -$29.45M | -$13.13M | -$27.66M | -$13.09M | -$19.71M | -$17.49M | -$22.45M | -$35.74M | -$16.28M | -$11.78M | -$11.73M | -$3.29M | -$5.63M |
| Free Cash Flow | $10.2M | $5.67M | $9.38M | -$2.77M | $15.77M | $13.76M | $14.22M | $9.17M | -$24.7M | -$6.79M | -$7.68M | -$6.32M | $6.62M | $1.19M |
| Cash at Beginning | $100.67M | $142.44M | $157.28M | $218.87M | $124.53M | $143.91M | $128.96M | $48.2M | $62.43M | $56.64M | $56.96M | $14.07M | $7.16M | $3.26M |
| Cash at End | $149.46M | $114.22M | $142.44M | $157.28M | $218.87M | $124.53M | $143.91M | $128.96M | $48.2M | $62.43M | $56.64M | $56.96M | $14.07M | $7.16M |