PATRIOT NATIONAL BANCORP INC (PNBK)
Patriot National Bancorp, Inc. functions as the parent company for Patriot Bank, N.A., providing a full spectrum of community banking solutions. Its services cater to individuals, small and medium-sized businesses, and professionals. The bank offers a diverse range of deposit products, including standard checking accounts, interest-bearing negotiable order of withdrawal (NOW) accounts, money market accounts, savings accounts, and prepaid deposit accounts. Specialized options like online national money market accounts, individual retirement accounts (IRAs), and health savings accounts (HSAs) are also available, alongside certificate of deposit account registry service (CDARS). In terms of lending, Patriot National Bancorp's portfolio comprises commercial real estate loans, business loans (including Small Business Administration-backed options), construction financing, purchased residential real estate mortgages, and various consumer loan products. Beyond core banking, the company facilitates automated clearing house (ACH) transfers, lockbox services, comprehensive internet banking with bill payment capabilities, remote deposit capture, debit cards, money orders, traveler's checks, and automated teller machine (ATM) access. The company operates nine physical branches: eight are located across Fairfield and New Haven Counties in Connecticut, with an additional branch in Westchester County, New York. Founded in 1994, Patriot National Bancorp, Inc. is headquartered in Stamford, Connecticut.
Sector: National Commercial Banks
Industry: Banks - Regional
Patriot National Bancorp, Inc.
NASDAQ:PNBKFinancial Services · Banks - Regional
+2.97%$0.8238
AH Close$0.8400+1.97%vs close
AH Close$0.8400+1.97%vs close
Mkt Cap$103.81M
Float91.12M
O/S126.01M
Inst Own13.8%
SI1.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$58.16M
Net Income-$12.71M
Total Assets$1.09B
Free Cash Flow-$14.34M
Debt & Equity
Debt 15%
Equity 85%
Total Debt$16.45M
Total Equity$94.68M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:10Reverse splitMar 4, 201510 shares → 1
Balance Sheet Details
Assets$1.09B
Liabilities$993.16M
Accounts Receivable$4.87M
Accounts Payable$0
Inventory$0
PP&E (Net)$28.12M
Goodwill$0
Intangible Assets$109K
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 | FY 1998 | FY 1997 | FY 1996 | FY 1995 | FY 1994 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 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 | 1998-12-31 | 1997-12-31 | 1996-12-31 | 1995-12-31 | 1994-12-31 |
| Revenue | $58.16M | $60.56M | $64.7M | $47.38M | $36.64M | $39.71M | $45.97M | $41.91M | $34.23M | $26.91M | $25.24M | $22.14M | $23.81M | $28.35M | $31.47M | $37.66M | $45.91M | $58.77M | $54.1M | $40.37M | $28.38M | $21.38M | $20.03M | $16.72M | $17.23M | $17.38M | $10.95M | $7.17M | $5.3M | $4.2M | $2.7M | $200K |
| YoY Growth | -4.0% | -6.4% | 36.6% | 29.3% | -7.7% | -13.6% | 9.7% | 22.4% | 27.2% | 6.6% | 14.0% | -7.0% | -16.0% | -9.9% | -16.4% | -18.0% | -21.9% | 8.6% | 34.0% | 42.3% | 32.7% | 6.8% | 19.8% | -3.0% | -0.8% | 58.7% | 52.7% | 35.4% | 26.2% | 55.6% | 1250.0% | - |
| Cost of Revenue | $30.23M | $44.74M | $37.89M | $12.64M | $6.59M | $15.92M | $23.19M | $13.68M | $6.1M | $5.47M | $2.94M | $2.97M | $5.82M | $5.04M | $15.97M | $21.19M | $37.45M | $39.83M | $27.84M | $19.11M | $11.38M | $7.56M | $6.15M | $5.23M | $7.12M | $8.34M | $5.29M | $3.2M | $2.5M | $1.9M | $1.6M | $200K |
| Gross Profit | $27.92M | $15.82M | $26.82M | $34.74M | $30.05M | $23.79M | $22.78M | $28.23M | $28.13M | $21.44M | $22.3M | $19.16M | $17.98M | $23.31M | $15.5M | $16.47M | $8.47M | $18.94M | $26.25M | $21.26M | $17M | $13.82M | $13.88M | $11.49M | $10.12M | $9.04M | $5.66M | $3.97M | $2.8M | $2.3M | $1.1M | $0 |
| Gross Margin | 48.0% | 26.1% | 41.4% | 73.3% | 82.0% | 59.9% | 49.6% | 67.4% | 82.2% | 79.7% | 88.4% | 86.6% | 75.5% | 82.2% | 49.2% | 43.7% | 18.4% | 32.2% | 48.5% | 52.7% | 59.9% | 64.6% | 69.3% | 68.7% | 58.7% | 52.0% | 51.7% | 55.4% | 52.8% | 54.8% | 40.7% | - |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $23M | $18.57M | $18.14M | $16.01M | $11.6M | $15.06M | $15.66M | $13.4M | $12.61M | $11.04M | $11.37M | $9.81M | $11.53M | $12.62M | $15.12M | $15.9M | $18.76M | $12.91M | $12.56M | $11.14M | $9.42M | $7.91M | $7.91M | $6.68M | $5.53M | $4.6M | $3.06M | $1.6M | $1.4M | $1.1M | $1M | $800K |
| Other | $17.58M | $13.34M | $14.31M | $10.98M | $13.43M | $12.88M | $10.84M | $10.74M | $8.5M | $7.26M | $7.43M | $8.39M | $14.08M | $11.23M | $15.83M | $15.74M | $11.37M | $16.21M | $9.47M | $6.44M | $5.22M | $4.34M | $3.75M | $3.13M | $3.14M | $3.09M | $2.19M | $1.87M | $1.3M | $800K | $100K | -$800K |
| Total Operating Expenses | $40.57M | $31.91M | $32.45M | $26.99M | $25.04M | $27.94M | $26.5M | $24.14M | $21.11M | $18.3M | $18.8M | $18.21M | $25.61M | $23.85M | $30.96M | $31.64M | $30.13M | $29.11M | $22.04M | $17.58M | $14.63M | $12.26M | $11.66M | $9.81M | $8.68M | $7.69M | $5.25M | $3.47M | $2.7M | $1.9M | $1.1M | $0 |
| Operating Income (EBIT) | -$12.65M | -$16.1M | -$5.63M | $7.76M | $5.01M | -$4.16M | -$3.72M | $4.09M | $7.02M | $3.14M | $3.5M | $959K | -$7.63M | -$536K | -$15.46M | -$15.17M | -$21.67M | -$10.18M | $4.21M | $3.68M | $2.36M | $1.56M | $2.22M | $1.67M | $1.44M | $1.34M | $415K | $500K | $100K | $400K | $0 | $0 |
| Operating Margin | -21.8% | -26.6% | -8.7% | 16.4% | 13.7% | -10.5% | -8.1% | 9.7% | 20.5% | 11.7% | 13.9% | 4.3% | -32.0% | -1.9% | -49.1% | -40.3% | -47.2% | -17.3% | 7.8% | 9.1% | 8.3% | 7.3% | 11.1% | 10.0% | 8.4% | 7.7% | 3.8% | 7.0% | 1.9% | 9.5% | - | - |
| Interest Expense | $28.73M | $32.28M | $30.46M | $10.75M | $7.09M | $13.75M | $18.22M | $12.38M | $6.96M | $3.01M | $2.69M | $2.97M | $4.85M | $7.42M | $8.51M | $13.47M | $24.36M | $28.54M | $27.77M | $18.07M | $10.27M | $7.01M | $5.59M | $4.76M | $6.87M | $8.02M | $4.74M | $3.1M | $2.3M | $1.7M | $1.3M | $100K |
| Interest Income | $47.67M | $52.08M | $58.45M | $43.63M | $32.13M | $37.5M | $43.19M | $39.88M | $32.47M | $25.05M | $23.45M | $20.2M | $21.54M | $25.09M | $28.09M | $35.34M | $42.67M | $54.95M | $51.86M | $38.01M | $25.15M | $18.68M | $15.21M | $12.6M | $13.72M | $14.69M | $9.73M | $6.8M | $5.1M | $3.9M | $2.6M | $200K |
| Other Income (Expense) | $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 | $0 | $0 | $0 | $0 | $0 |
| Income Before Tax (EBT) | -$12.65M | -$16.1M | -$5.63M | $7.76M | $5.01M | -$4.16M | -$3.72M | $4.09M | $7.02M | $3.14M | $3.5M | $959K | -$7.63M | -$536K | -$15.46M | -$15.17M | -$21.67M | -$10.18M | $4.21M | $3.68M | $2.36M | $1.56M | $2.22M | $1.67M | $1.44M | $1.34M | $415K | $500K | $100K | $400K | $0 | $0 |
| Income Tax Expense | $59K | $23.79M | -$1.45M | $1.6M | -$81K | -$337K | -$899K | $890K | $2.88M | $1.21M | $1.36M | -$14.75M | -$339K | $0 | $0 | $225K | $2.21M | -$3.06M | $1.54M | $1.27M | $957K | $633K | $877K | $621K | $564K | $575K | $67K | -$100K | -$200K | $100K | $0 | $0 |
| Net Income | -$12.71M | -$39.88M | -$4.18M | $6.16M | $5.09M | -$3.82M | -$2.82M | $3.2M | $4.15M | $1.93M | $2.14M | $15.71M | -$7.29M | -$536K | -$15.46M | -$15.4M | -$23.88M | -$7.11M | $2.68M | $2.42M | $1.41M | $926K | $1.34M | $1.05M | $876K | $767K | $349K | $600K | $300K | $300K | -$700K | -$1.5M |
| Net Income Margin | -21.9% | -65.9% | -6.5% | 13.0% | 13.9% | -9.6% | -6.1% | 7.6% | 12.1% | 7.2% | 8.5% | 71.0% | -30.6% | -1.9% | -49.1% | -40.9% | -52.0% | -12.1% | 5.0% | 6.0% | 5.0% | 4.3% | 6.7% | 6.3% | 5.1% | 4.4% | 3.2% | 8.4% | 5.7% | 7.1% | -25.9% | -750.0% |
| Supplementary Data | ||||||||||||||||||||||||||||||||
| EPS | -0.16 | -10.01 | -1.05 | 1.56 | 1.29 | -0.97 | -0.72 | 0.78 | 1.06 | 0.49 | 0.55 | 4.08 | -2.00 | -0.14 | -4.03 | -12.99 | -50.23 | -14.98 | 5.60 | 6.70 | 5.20 | 3.80 | 5.60 | 4.40 | 3.70 | 3.40 | 1.70 | 4.80 | 2.50 | 2.50 | -6.00 | -12.10 |
| Diluted EPS | -0.16 | -10.01 | -1.05 | 1.56 | 1.29 | -0.97 | -0.72 | 0.78 | 1.06 | 0.49 | 0.55 | 4.05 | -2.00 | -0.14 | -4.03 | -12.99 | -50.23 | -14.98 | 5.60 | 6.60 | 5.10 | 3.70 | 5.50 | 4.30 | 3.60 | 3.30 | 1.60 | 4.70 | 2.50 | 2.40 | -6.00 | -12.10 |
| Weighted Average OS | 78.12M | 3.98M | 3.96M | 3.95M | 3.95M | 3.94M | 3.91M | 3.90M | 3.89M | 3.95M | 3.92M | 3.85M | 3.80M | 3.84M | 3.84M | 1.19M | 475,378 | 474,887 | 474,260 | 360,471 | 270,505 | 243,789 | 239,414 | 239,092 | 236,861 | 225,639 | 205,083 | 129,032 | 120,000 | 120,000 | 116,667 | 123,967 |
| EBITDA | -$11.46M | -$14.74M | -$4.28M | $9.23M | $6.65M | -$2.56M | -$2.02M | $5.62M | $8.29M | $4.35M | $4.54M | $2.04M | -$6.41M | $680K | -$14.17M | -$13.66M | -$19.99M | -$8.53M | $5.72M | $4.56M | $2.97M | $2.6M | $3.23M | $2.22M | $1.91M | $1.75M | $715K | $700K | $300K | $600K | $100K | $0 |
| EBITDA Margin | -19.7% | -24.3% | -6.6% | 19.5% | 18.1% | -6.4% | -4.4% | 13.4% | 24.2% | 16.2% | 18.0% | 9.2% | -26.9% | 2.4% | -45.0% | -36.3% | -43.5% | -14.5% | 10.6% | 11.3% | 10.5% | 12.1% | 16.1% | 13.3% | 11.1% | 10.1% | 6.5% | 9.8% | 5.7% | 14.3% | 3.7% | - |
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 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 | FY 1994 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 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 | 1998-12-31 | 1997-12-31 | 1996-12-31 | 1995-12-31 | 1994-12-31 |
| Assets | ||||||||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $186.39M | $147.57M | $52.52M | $38.49M | $47.05M | $34.64M | $39.4M | $66.44M | $48.73M | $92.29M | $85.4M | $73.26M | $34.87M | $70.3M | $54.72M | $136.78M | $97.54M | $4.29M | $2.76M | $3.87M | $7.22M | $6.67M | $4.02M | $5.39M | $7.54M | $3.57M | $32.56M | $29M | $18.5M | $13.4M | $12.4M | $12.7M |
| Short-Term Investments | $209.58M | $19.79M | $20.69M | $84.52M | $94.34M | $49.26M | $48.32M | $39.5M | $25.58M | $24.43M | $29.38M | $33.68M | $37.7M | $42.43M | $67.18M | $0 | $264K | $317K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $395.97M | $167.36M | $73.2M | $123.01M | $141.39M | $83.9M | $87.72M | $105.93M | $74.31M | $116.72M | $114.78M | $106.94M | $72.57M | $112.73M | $121.9M | $136.78M | $97.8M | $4.6M | $2.76M | $3.87M | $7.22M | $6.67M | $4.02M | $5.39M | $7.54M | $3.57M | $32.56M | $29M | $18.5M | $13.4M | $12.4M | $12.7M |
| Accounts Receivable | $4.87M | $5.49M | $7.22M | $7.27M | $5.82M | $6.62M | $3.6M | $3.77M | $3.5M | $2.73M | $2.01M | $1.92M | $1.57M | $1.89M | $2.45M | $2.51M | $3.24M | $4.56M | $4.58M | $3.54M | $2.45M | $1.76M | $1.47M | $1.31M | $1.08M | $1.23M | $981K | $0 | $500K | $400K | $300K | $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 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $20.74M | $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 | $0 | $0 | $0 | $0 |
| Total Current Assets | $421.57M | $172.85M | $80.42M | $130.28M | $147.21M | $90.52M | $91.32M | $109.7M | $77.8M | $119.44M | $116.79M | $108.86M | $74.13M | $114.63M | $124.35M | $139.29M | $101.04M | $9.16M | $7.34M | $7.41M | $9.67M | $8.43M | $5.49M | $6.7M | $8.62M | $4.79M | $33.54M | $29M | $19M | $13.8M | $12.7M | $12.7M |
| Long-Term Assets | ||||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $28.12M | $28.86M | $29.88M | $30.64M | $31.5M | $33.42M | $34.57M | $35.44M | $35.36M | $32.76M | $29.42M | $22.36M | $15.06M | $4.29M | $4.11M | $5.27M | $6.6M | $7.95M | $7.81M | $3.69M | $2.47M | $2.13M | $1.42M | $789K | $1.1M | $899K | $954K | $900K | $1M | $900K | $1M | $1.1M |
| Goodwill | $0 | $0 | $0 | $1.11M | $1.11M | $1.11M | $1.11M | $1.73M | $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 | $109K | $156K | $203K | $249K | $296K | $343K | $623K | $698K | $0 | $0 | $0 | $0 | $0 | $0 | $38K | $53K | $69K | $86K | $1.47M | $1.49M | $930K | $930K | $930K | $930K | $930K | $1.05M | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $610.24M | $720.32M | $858.15M | $847.67M | $737.16M | $725.26M | $821.78M | $777.73M | $718.31M | $581.43M | $483.58M | $476.43M | $422.6M | $463.91M | $504.98M | $578.6M | $694.04M | $840.55M | $753.43M | $598.58M | $445.16M | $351.6M | $315.41M | $234.76M | $177.19M | $159.42M | $140.06M | $70.7M | $54.2M | $38.3M | $29.2M | $8.6M |
| Deferred Tax Assets | $0 | $0 | $24.13M | $15.53M | $12.15M | $11.5M | $11.13M | $10.85M | $10.4M | $12.63M | $13.76M | $14.93M | $0 | $0 | $0 | $0 | $0 | $8.68M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $27.81M | $90.1M | $100.64M | $17.89M | $19.06M | $18.58M | $19.3M | $15.55M | $10.21M | $10.39M | $9.81M | $10.05M | $29.46M | $35.03M | $32.34M | $61.12M | $64.68M | $46.94M | $37.49M | $34.81M | $12.41M | $41.95M | $19.21M | $5.32M | $14.73M | $31.47M | $1.47M | $1.7M | $900K | $600K | $400K | $600K |
| Total Long-Term Assets | $666.27M | $839.44M | $1.01B | $913.08M | $801.27M | $790.21M | $888.51M | $842M | $774.28M | $637.21M | $536.57M | $523.77M | $467.12M | $503.23M | $541.47M | $645.04M | $765.38M | $904.2M | $800.19M | $638.57M | $460.98M | $396.62M | $336.97M | $241.8M | $193.95M | $192.83M | $143.65M | $73.3M | $56.1M | $39.8M | $30.6M | $10.3M |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.09B | $1.01B | $1.09B | $1.04B | $948.48M | $880.73M | $979.84M | $951.7M | $852.08M | $756.65M | $653.36M | $632.62M | $541.25M | $617.86M | $665.82M | $784.32M | $866.42M | $913.36M | $807.53M | $645.98M | $470.64M | $405.05M | $342.47M | $248.5M | $202.57M | $197.63M | $177.19M | $102.3M | $75.1M | $53.6M | $43.3M | $23M |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7M | $7M | $7M | $7M | $7M | $7M | $0 | $6M | $4M | $5.7M | $9.7M | $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 | $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 | $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 Current Liabilities | $965.79M | $966.6M | $840.31M | $860.45M | $748.56M | $685.66M | $769.53M | $743.28M | $637.44M | $529.32M | $444.67M | $443.03M | $430.2M | $497.28M | $544.91M | $646.81M | $761.33M | $784.82M | $672.4M | $561.45M | $419.08M | $367.01M | $289.99M | $217.91M | $183.26M | $179.67M | $162.75M | $89.3M | $68.6M | $47.5M | $37.6M | $16.5M |
| Total Current Liabilities | $965.79M | $966.6M | $840.31M | $867.7M | $759.32M | $692.91M | $778.26M | $748.45M | $641.13M | $531.93M | $447.5M | $445.64M | $434.16M | $510.04M | $557.02M | $658.9M | $772.31M | $796.34M | $679.4M | $561.45M | $425.08M | $371.01M | $295.69M | $227.61M | $183.26M | $179.67M | $162.75M | $89.3M | $68.6M | $47.5M | $37.6M | $16.5M |
| Long-Term Liabilities | ||||||||||||||||||||||||||||||||
| Long-Term Debt | $16.45M | $33.07M | $201.1M | $115.19M | $120.72M | $120.81M | $130.9M | $130.98M | $141.37M | $159.48M | $142.03M | $128.25M | $65.25M | $58.25M | $58.25M | $58.25M | $58.25M | $58.25M | $55.75M | $16.25M | $11.25M | $12.25M | $25.5M | $349K | $474K | $474K | $325K | $0 | $0 | $0 | $0 | $0 |
| 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 | $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 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $10.93M | $8.36M | $7.63M | $886K | $1.1M | $3.79M | $3.68M | $2.93M | $2.83M | $2.68M | $2.37M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5.55M | $4M | $2.94M | $2.04M | $2.4M | $1.75M | $1.06M | $589K | $324K | $300K | $300K | $300K | $100K | $200K |
| Total Long-Term Liabilities | $27.37M | $41.43M | $208.73M | $116.08M | $121.82M | $124.6M | $134.58M | $133.91M | $144.2M | $162.15M | $144.39M | $128.25M | $65.25M | $58.25M | $58.25M | $58.25M | $58.25M | $58.25M | $61.3M | $20.25M | $14.19M | $14.29M | $28M | $2.34M | $1.9M | $1.53M | $1.21M | $900K | $1M | $1M | $900K | $1M |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $993.16M | $1.01B | $1.05B | $983.78M | $881.14M | $817.51M | $912.84M | $882.36M | $785.33M | $694.08M | $591.89M | $573.89M | $499.41M | $568.29M | $615.27M | $717.15M | $830.56M | $854.58M | $740.69M | $581.7M | $439.27M | $385.29M | $323.69M | $229.95M | $185.16M | $181.2M | $163.96M | $90.2M | $69.6M | $48.5M | $38.5M | $17.5M |
| 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 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $1.15M | $106.85M | $106.67M | $106.56M | $106.48M | $106.33M | $106.17M | $105.96M | $40K | $40K | $40K | $39K | $388K | $385K | $384K | $384K | $9.55M | $9.51M | $9.49M | $9.48M | $6.46M | $4.97M | $4.82M | $4.8M | $4.8M | $4.8M | $4.32M | $0 | $0 | $0 | $0 | $0 |
| Retained Earnings | -$99.62M | -$86.91M | -$47.03M | -$31.34M | -$37.5M | -$42.59M | -$38.77M | -$35.79M | -$38.83M | -$42.9M | -$44.83M | -$46.98M | -$62.68M | -$55.4M | -$54.86M | -$39.4M | -$24M | -$120K | $7.85M | $6.02M | $4.31M | $3.35M | $2.75M | $1.69M | $864K | $132K | -$635K | -$900K | -$1.6M | -$1.9M | -$2.2M | -$1.5M |
| Comprehensive Income & Other | -$12.12M | -$15.68M | -$15.26M | -$15.64M | -$1.64M | -$518K | -$403K | -$826K | -$155K | -$120K | -$152K | -$277K | -$1.19M | -$618K | $134K | $1.3M | $0 | -$91K | -$54K | -$681K | -$1.1M | -$393K | -$309K | $571K | $256K | $11K | -$258K | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $193.15M | -$15.68M | -$15.26M | -$15.64M | -$1.64M | -$518K | -$403K | -$826K | $105.54M | $105.43M | $106.26M | $105.67M | $104.14M | $104.58M | $105.02M | $106.19M | $50.31M | $49.38M | $49.5M | $48.78M | $20.61M | $11.44M | $11.21M | $12.06M | $11.74M | $11.49M | $9.55M | $13M | $7.1M | $7M | $7M | $7M |
| Total Equity | $94.68M | $4.26M | $44.38M | $59.58M | $67.34M | $63.22M | $66.99M | $69.34M | $66.75M | $62.57M | $61.46M | $58.73M | $41.84M | $49.57M | $50.55M | $67.17M | $35.86M | $58.77M | $66.84M | $64.28M | $31.37M | $19.76M | $18.78M | $18.54M | $17.41M | $16.43M | $13.24M | $12.1M | $5.5M | $5.1M | $4.8M | $5.5M |
| 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 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.09B | $1.01B | $1.09B | $1.04B | $948.48M | $880.73M | $979.84M | $951.7M | $852.08M | $756.65M | $653.36M | $632.62M | $541.25M | $617.86M | $665.82M | $784.32M | $866.42M | $913.36M | $807.53M | $645.98M | $470.64M | $405.05M | $342.47M | $248.5M | $202.57M | $197.63M | $177.19M | $102.3M | $75.1M | $53.6M | $43.3M | $23M |
| Supplementary Data | ||||||||||||||||||||||||||||||||
| Total Debt | $16.45M | $33.07M | $201.1M | $115.19M | $120.72M | $120.81M | $130.9M | $130.98M | $141.37M | $159.48M | $142.03M | $128.25M | $65.25M | $65.25M | $65.25M | $65.25M | $65.25M | $65.25M | $62.75M | $16.25M | $17.25M | $16.25M | $31.3M | $10.29M | $839K | $945K | $889K | $600K | $700K | $700K | $800K | $800K |
| Net Debt | -$169.94M | -$114.5M | $148.59M | $76.7M | $73.68M | $86.18M | $91.5M | $64.55M | $92.64M | $67.19M | $56.63M | $54.99M | $30.38M | -$5.06M | $10.53M | -$71.53M | -$32.29M | $60.96M | $59.99M | $12.38M | $10.03M | $9.58M | $27.28M | $4.91M | -$6.7M | -$2.62M | -$31.67M | -$28.4M | -$17.8M | -$12.7M | -$11.6M | -$11.9M |
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 | FY 1998 | FY 1997 | FY 1996 | FY 1995 | FY 1994 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 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 | 1998-12-31 | 1997-12-31 | 1996-12-31 | 1995-12-31 | 1994-12-31 |
| Operating Activities | ||||||||||||||||||||||||||||||||
| Net Income | -$12.71M | -$39.88M | -$4.18M | $6.16M | $5.09M | -$3.82M | -$2.82M | $3.2M | $4.15M | $1.93M | $2.14M | $15.71M | -$7.29M | -$536K | -$15.46M | -$15.4M | -$23.88M | -$7.11M | $2.68M | $2.42M | $1.41M | $926K | $1.34M | $1.05M | $876K | $767K | $349K | $600K | $300K | $300K | -$700K | -$1.5M |
| Depreciation & Amortization | $1.19M | $1.35M | $1.35M | $1.47M | $1.64M | $1.6M | $1.69M | $1.54M | $1.27M | $1.21M | $1.04M | $1.08M | $1.22M | $1.22M | $1.29M | $1.51M | $1.68M | $1.65M | $1.51M | $878K | $604K | $1.04M | $1.01M | $543K | $468K | $407K | $300K | $200K | $200K | $200K | $100K | $0 |
| Deferred Income Tax | $59K | $23.82M | -$4.21M | $1.49M | -$261K | -$323K | -$1.14M | -$265K | $2.26M | $1.11M | $1.08M | -$14.75M | $0 | $0 | $0 | $0 | $8.62M | -$5.87M | -$258K | -$498K | -$563K | -$101K | -$230K | -$270K | -$176K | -$261K | -$18K | -$100K | -$200K | -$100K | $0 | $0 |
| Stock-Based Compensation | $5.23M | $184K | $105K | $86K | $150K | $159K | $214K | $220K | $146K | $161K | $461K | $275K | $131K | $306K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||||||||||
| Accounts Receivable | $619K | $1.73M | $48K | -$1.45M | $798K | -$3.02M | $163K | -$270K | -$770K | -$716K | -$92K | -$352K | $328K | $559K | $59K | $724K | $1.32M | $19K | $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 | $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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $730K | -$1.23M | $1.25M | -$2.96M | $1.04M | -$2.06M | -$929K | -$770K | $276K | -$1.98M | $243K | -$872K | -$1.03M | $882K | $6.15M | $1.34M | -$9.69M | -$2.32M | $475K | -$143K | $65K | -$293K | $778K | $584K | $613K | -$37K | -$309K | -$200K | -$100K | $0 | -$200K | -$300K |
| Total Working Capital Change | $1.35M | $505K | $1.3M | -$4.41M | $1.83M | -$5.08M | -$766K | -$1.04M | -$494K | -$2.7M | $151K | -$1.22M | -$704K | $1.44M | $6.21M | $2.07M | -$8.37M | -$2.3M | $475K | -$143K | $65K | -$293K | $778K | $584K | $613K | -$37K | -$309K | -$200K | -$100K | $0 | -$200K | -$300K |
| Other Non-Cash Items | -$9.29M | $16.7M | -$5.08M | $2.24M | -$856K | $13.74M | -$9.1M | $1.63M | -$36K | $2.81M | $796K | $21.39M | $1.95M | -$5.58M | $6.99M | $8.93M | $12.15M | $15.1M | $37K | $1.68M | $1.6M | $560K | $257K | $244K | $358K | $326K | $593K | $300K | $200K | $300K | -$1.5M | $100K |
| Net Cash from Operating | -$14.17M | $2.68M | -$10.71M | $7.04M | $7.6M | $6.28M | -$11.91M | $5.27M | $7.29M | $4.53M | $5.67M | $22.48M | -$4.7M | -$3.15M | -$976K | -$2.89M | -$9.8M | $1.47M | $4.44M | $4.33M | $3.12M | $2.13M | $3.16M | $2.15M | $2.14M | $1.2M | $915K | $800K | $400K | $700K | -$2.3M | -$1.7M |
| Investing Activities | ||||||||||||||||||||||||||||||||
| Capital Expenditures | -$172K | -$55K | -$412K | -$414K | -$430K | -$70K | -$552K | -$1.14M | -$3.06M | -$3.53M | -$6.24M | -$8.38M | -$8.28M | -$616K | -$685K | -$173K | -$308K | -$1.78M | -$5.33M | -$1.87M | -$946K | -$1.25M | -$1.06M | -$92K | -$563K | -$233K | -$533K | -$100K | -$200K | -$100K | -$100K | -$300K |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$5.07M | $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 | -$145.19M | -$2.32M | -$10.41M | -$19.33M | -$136.13M | -$11.25M | -$18.07M | -$19.44M | -$21.48M | -$3.03M | -$2.02M | -$614K | $0 | -$23K | -$66.63M | -$18.66M | -$34.27M | -$20.22M | -$16.39M | -$2.86M | -$28.54M | -$16.24M | -$72.82M | -$55.07M | -$15.63M | -$4.4M | -$28.31M | -$10.1M | -$4.9M | -$3M | -$7.7M | -$3.2M |
| Sales of Investments | $8.85M | $11.95M | $6.1M | $10.32M | $89.36M | $9.88M | $10.91M | $39.81M | $19.29M | $7.87M | $6.32M | $4.51M | $2.6M | $24.52M | $39.04M | $24.44M | $39.18M | $30.32M | $15.59M | $13.08M | $21.26M | $23.68M | $40.26M | $29.49M | $14.19M | $3.78M | $8.37M | $6.6M | $2M | $2.5M | $6.2M | $0 |
| Other Investing Activities | $115.99M | $125.43M | -$22.45M | -$112.63M | -$8M | $84.36M | -$34.06M | -$41.04M | -$135.6M | -$100.42M | -$7.55M | -$55.44M | $41.31M | $42.49M | $39.8M | $104.56M | $112.09M | -$113.16M | -$196.42M | -$141.53M | -$98.57M | -$44.25M | -$44.45M | -$35.67M | -$9.57M | -$18.98M | -$51.14M | -$12.6M | -$13.2M | -$9M | -$17.4M | -$5.7M |
| Net Cash from Investing | -$20.52M | $135.01M | -$27.18M | -$122.05M | -$55.2M | $82.92M | -$41.78M | -$26.88M | -$140.85M | -$99.11M | -$9.48M | -$59.92M | $35.63M | $66.37M | $11.52M | $110.16M | $116.7M | -$104.84M | -$202.55M | -$133.18M | -$106.79M | -$38.06M | -$78.07M | -$61.34M | -$11.57M | -$19.83M | -$71.62M | -$16.2M | -$16.3M | -$9.6M | -$19M | -$9.2M |
| Financing Activities | ||||||||||||||||||||||||||||||||
| Debt Repaid | $6.05M | $168.21M | -$85.79M | $5.21M | $203K | $10.2M | $195K | $20.28M | $18.19M | -$17.52M | -$11.94M | -$63M | -$7M | - | - | - | - | -$2.5M | -$39.5M | $1M | -$1M | $9.35M | -$21.01M | -$9.45M | $106K | -$57K | -$244K | $100K | - | - | - | - |
| Common Stock Issuance | $85.57M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $46.23M | $0 | $51K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$2K | -$1.02M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$160K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | -$155K | -$154K | -$77K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$213K | -$854K | -$854K | -$617K | -$403K | -$317K | -$264K | -$216K | -$96K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$5.76M | $126.59M | -$19.86M | $111.67M | $60.22M | -$83.77M | $27.01M | $59.76M | $108.27M | $84.97M | $4.01M | $12.83M | -$74.08M | -$47.63M | -$101.9M | -$114.53M | -$23.49M | $112.42M | $110.95M | $139.23M | $52.07M | $77.01M | $71.84M | $34.65M | $3.6M | $16.92M | $73.44M | $20.8M | $21M | $9.9M | $21.1M | $16.5M |
| Net Cash from Financing | $79.21M | -$41.62M | $65.93M | $106.46M | $60.02M | -$93.97M | $26.66M | $39.32M | $90M | $101.47M | $15.95M | $75.83M | -$67.08M | -$47.63M | -$101.9M | -$68.29M | -$23.7M | $113.96M | $156.64M | $168.36M | $64.01M | $62.11M | $92.64M | $43.88M | $3.4M | $19.13M | $73.69M | $26.5M | $21M | $9.9M | $21.1M | $23.5M |
| Forex Effect | $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 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $44.52M | $96.07M | $28.04M | -$8.55M | $12.41M | -$4.77M | -$27.03M | $17.71M | -$43.56M | $6.89M | $12.14M | $38.39M | -$36.15M | $15.59M | -$91.35M | $38.98M | $83.2M | $10.59M | -$41.46M | $39.51M | -$39.66M | $26.18M | $17.72M | -$15.3M | -$6.03M | $504K | $2.99M | $11.1M | $5.1M | -$12.4M | -$12.7M | $0 |
| Supplementary Data | ||||||||||||||||||||||||||||||||
| Operating Cash Flow | -$14.17M | $2.68M | -$10.71M | $7.04M | $7.6M | $6.28M | -$11.91M | $5.27M | $7.29M | $4.53M | $5.67M | $22.48M | -$4.7M | -$3.15M | -$976K | -$2.89M | -$9.8M | $1.47M | $4.44M | $4.33M | $3.12M | $2.13M | $3.16M | $2.15M | $2.14M | $1.2M | $915K | $800K | $400K | $700K | -$2.3M | -$1.7M |
| Capital Expenditure | -$172K | -$55K | -$412K | -$414K | -$430K | -$70K | -$552K | -$1.14M | -$3.06M | -$3.53M | -$6.24M | -$8.38M | -$8.36M | -$727K | -$705K | -$440K | -$308K | -$1.78M | -$5.33M | -$1.87M | -$946K | -$1.25M | -$1.06M | -$92K | -$563K | -$233K | -$533K | -$100K | -$200K | -$100K | -$100K | -$300K |
| Free Cash Flow | -$14.34M | $2.63M | -$11.13M | $6.62M | $7.17M | $6.21M | -$12.47M | $4.13M | $4.23M | $996K | -$563K | $14.1M | -$13.05M | -$3.88M | -$1.68M | -$3.33M | -$10.11M | -$306K | -$889K | $2.46M | $2.17M | $878K | $2.1M | $2.06M | $1.58M | $969K | $382K | $700K | $200K | $600K | -$2.4M | -$2M |
| Cash at Beginning | $162.61M | $66.54M | $38.49M | $47.05M | $34.64M | $39.4M | $66.44M | $48.73M | $92.29M | $85.4M | $73.26M | $34.87M | $71.01M | $55.42M | $146.78M | $107.8M | $24.6M | $14.01M | $55.47M | $15.97M | $55.63M | $29.45M | $11.73M | $27.03M | $33.07M | $32.56M | $29.57M | $18.5M | $13.4M | $12.4M | $12.7M | $0 |
| Cash at End | $207.13M | $162.61M | $66.54M | $38.49M | $47.05M | $34.64M | $39.4M | $66.44M | $48.73M | $92.29M | $85.4M | $73.26M | $34.87M | $71.01M | $55.43M | $146.78M | $107.8M | $24.6M | $14.01M | $55.47M | $15.97M | $55.63M | $29.45M | $11.73M | $27.03M | $33.07M | $32.56M | $29.6M | $18.5M | $0 | $0 | $0 |