Vanda Pharmaceuticals Inc. (VNDA)
Vanda Pharmaceuticals Inc. is a biopharmaceutical company dedicated to developing and commercializing therapeutic solutions that address critical unmet medical needs. The company currently offers two approved treatments: HETLIOZ, prescribed for non-24-hour sleep-wake disorders, and Fanapt oral tablets, used in the management of schizophrenia. Vanda maintains an active and diverse development pipeline, exploring new applications for its existing therapies and advancing a range of novel compounds. This includes expanding HETLIOZ (tasimelteon) to potentially treat conditions such as jet lag disorder, Smith-Magenis Syndrome, pediatric Non-24, autism spectrum disorder, and delayed sleep phase disorder. Fanapt (iloperidone) is being investigated for bipolar disorder, alongside the creation of a long-acting injectable formulation for schizophrenia. Other promising candidates in development include: Tradipitant (VLY-686): A small molecule neurokinin-1 receptor (NK-1R) antagonist for atopic dermatitis, gastroparesis, and motion sickness. VTR-297: A small molecule histone deacetylase inhibitor, primarily for hematologic malignancies but with broader oncology potential. VQW-765: A small molecule nicotinic acetylcholine receptor partial agonist targeting psychiatric disorders. A portfolio of cystic fibrosis transmembrane conductance regulator (CFTR) activators and inhibitors aimed at dry eye and ocular inflammation. BPO-27: For secretory diarrhea disorders, including cholera. VHX-896: The active metabolite of iloperidone. Vanda Pharmaceuticals Inc. markets its products in the United States, Europe, and Israel. The company was established in 2002 and is headquartered in Washington, D.C.
Sector: Pharmaceutical Preparations
Industry: Biotechnology
Vanda Pharmaceuticals Inc.
NASDAQ:VNDAHealthcare · Biotechnology
-6.42%$3.79
AH$3.83+1.06%vs close
Mkt Cap$229.18M
Float57.64M
O/S60.47M
Vol
$ Vol
RVOL
Inst Own81.7%
SI14.4%
Earnings
Dilution
Financials Summary
Revenue$216.1M
Net Income-$220.47M
Total Assets$488.95M
Free Cash Flow-$110.44M
Debt & Equity
Debt 4%
Equity 96%
Total Debt$12.62M
Total Equity$327.19M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in VNDA's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$488.95M
Liabilities$161.76M
Accounts Receivable$54.58M
Accounts Payable$4.94M
Inventory$1.85M
PP&E (Net)$13.51M
Goodwill$0
Intangible Assets$117.09M
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Revenue | $216.1M | $198.77M | $192.64M | $254.38M | $268.68M | $248.17M | $227.19M | $193.12M | $165.08M | $146.02M | $109.92M | $50.16M | $33.88M | $32.73M | $31.27M | $35.22M | $4.55M | $0 | $0 | $0 | $0 | $34K |
| YoY Growth | 8.7% | 3.2% | -24.3% | -5.3% | 8.3% | 9.2% | 17.6% | 17.0% | 13.1% | 32.8% | 119.2% | 48.0% | 3.5% | 4.7% | -11.2% | 674.4% | - | - | - | - | - | - |
| Cost of Revenue | $13.04M | $11.31M | $14.8M | $24.28M | $25.63M | $23.36M | $24.49M | $20.51M | $17.85M | $24.71M | $23.46M | $1.58M | $0 | $129K | $0 | $4.39M | $2.9M | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $203.06M | $187.46M | $177.84M | $230.1M | $243.05M | $224.8M | $202.7M | $172.61M | $147.24M | $121.31M | $86.46M | $48.57M | $33.88M | $32.6M | $31.27M | $30.83M | $1.65M | $0 | $0 | $0 | $0 | $34K |
| Gross Margin | 94.0% | 94.3% | 92.3% | 90.5% | 90.5% | 90.6% | 89.2% | 89.4% | 89.2% | 83.1% | 78.7% | 96.8% | 100.0% | 99.6% | 100.0% | 87.5% | 36.3% | - | - | - | - | 100.0% |
| Research and Development | $109.27M | $74.43M | $76.82M | $85.77M | $75.36M | $55.58M | $48.65M | $43.59M | $38.55M | $29.16M | $29.14M | $19.23M | $28.19M | $45.45M | $29M | $12.34M | $13.87M | $23.94M | $47.23M | $52.07M | $16.89M | $7.44M |
| Selling, General, and Administrative | $237.95M | $146.41M | $112.88M | $136.49M | $124.05M | $140.51M | $129.74M | $105.75M | $123.84M | $99.79M | $84.53M | $84.64M | $24.59M | $13.88M | $11.49M | $10.15M | $23.72M | $28.91M | $32.8M | $13.64M | $7.4M | $2.12M |
| Other | $7.01M | $7.27M | $2.09M | $1.52M | $1.48M | $1.48M | $1.5M | $3.61M | $1.47M | $665K | $320K | $124K | $145K | $561K | $1.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $354.23M | $228.12M | $191.8M | $223.77M | $200.89M | $197.56M | $179.89M | $150.87M | $164.14M | $139.88M | $126.65M | $106.13M | $54.28M | $60.82M | $41.98M | $22.48M | $37.6M | $52.85M | $80.04M | $65.71M | $24.29M | $9.56M |
| Operating Income (EBIT) | -$151.17M | -$40.66M | -$13.95M | $6.33M | $42.16M | $27.24M | $22.81M | $21.74M | -$16.9M | -$18.57M | -$40.19M | $20.06M | -$20.4M | -$28.23M | -$10.71M | $8.35M | -$35.95M | -$52.85M | -$80.04M | -$65.71M | -$24.29M | -$9.53M |
| Operating Margin | -70.0% | -20.5% | -7.2% | 2.5% | 15.7% | 11.0% | 10.0% | 11.3% | -10.2% | -12.7% | -36.6% | 40.0% | -60.2% | -86.2% | -34.2% | 23.7% | -790.5% | - | - | - | - | -28041.2% |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $97 | $0 | $0 | $5K | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $199K | $4.42M | $6.22M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $461K | $431K | $89K | $1.78M | $5.91M | $2.2B | $0 | $0 |
| Other Income (Expense) | $12.52M | $17.74M | $20.29M | $4.97M | $199K | $4.42M | $6.22M | $3.61M | $1.47M | $665K | $320K | $124K | $145K | $1.51M | $461K | $431K | $89K | $1.78M | $5.98M | $2.2M | $410K | $59K |
| Income Before Tax (EBT) | -$138.65M | -$22.92M | $6.34M | $11.3M | $42.36M | $31.66M | $29.03M | $25.35M | -$15.43M | -$17.91M | -$39.87M | $20.19M | -$20.25M | -$27.66M | -$10.25M | $9.27M | -$35.86M | -$51.06M | -$74.06M | -$63.51M | -$23.88M | -$9.47M |
| Income Tax Expense | $81.83M | -$4.02M | $3.83M | $5.03M | $9.21M | $8.32M | -$86.53M | $138K | $136K | $104K | $0 | $0 | $0 | $0 | -$444K | $2.08M | $0 | $0 | $10K | $549 | $8K | $5K |
| Net Income | -$220.47M | -$18.9M | $2.51M | $6.28M | $33.15M | $23.34M | $115.55M | $25.21M | -$15.57M | -$18.01M | -$39.87M | $20.19M | -$20.25M | -$27.66M | -$9.8M | $7.19M | -$35.86M | -$51.06M | -$74.07M | -$63.51M | -$23.88M | -$9.47M |
| Net Income Margin | -102.0% | -9.5% | 1.3% | 2.5% | 12.3% | 9.4% | 50.9% | 13.1% | -9.4% | -12.3% | -36.3% | 40.2% | -59.8% | -84.5% | -31.3% | 20.4% | -788.5% | - | - | - | - | -27881.9% |
| Supplementary Data | ||||||||||||||||||||||
| EPS | -3.74 | -0.32 | 0.04 | 0.11 | 0.60 | 0.43 | 2.17 | 0.50 | -0.35 | -0.41 | -0.94 | 0.58 | -0.67 | -0.98 | -0.35 | 0.26 | -1.33 | -1.92 | -2.81 | -2.51 | -0.05 | -0.02 |
| Diluted EPS | -3.74 | -0.32 | 0.04 | 0.11 | 0.58 | 0.42 | 2.11 | 0.48 | -0.35 | -0.41 | -0.94 | 0.55 | -0.67 | -0.98 | -0.35 | 0.25 | -1.33 | -1.92 | -2.81 | -2.51 | -0.05 | -0.02 |
| Weighted Average OS | 58.93M | 58.15M | 57.38M | 56.46M | 55.55M | 54.43M | 53.14M | 50.86M | 44.48M | 43.45M | 42.25M | 34.77M | 30.35M | 28.23M | 28.11M | 27.92M | 27.02M | 26.65M | 26.36M | 25.34M | 469.97M | 469.97M |
| EBITDA | -$126.73M | -$14.79M | $9.35M | $14.03M | $45.2M | $34.52M | $25.7M | $24.69M | -$13.92M | -$6.7M | -$26.63M | -$54.77M | -$19.27M | -$27.05M | -$8.74M | $10.67M | -$34.52M | -$50.53M | -$73.49M | -$62.93M | -$23.43M | -$9.15M |
| EBITDA Margin | -58.6% | -7.4% | 4.9% | 5.5% | 16.8% | 13.9% | 11.3% | 12.8% | -8.4% | -4.6% | -24.2% | -109.2% | -56.9% | -82.7% | -28.0% | 30.3% | -759.1% | - | - | - | - | -26932.6% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Assets | ||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||
| Cash and Cash Equivalents | $84.85M | $102.32M | $135.82M | $135.03M | $52.07M | $61.03M | $45.07M | $61.01M | $33.63M | $40.43M | $50.84M | $60.9M | $64.76M | $88.77M | $87.92M | $42.56M | $205.3M | $39.08M | $41.93M | $30.93M | $21.01M | $16.26M |
| Short-Term Investments | $179M | $272.33M | $252.44M | $331.83M | $380.74M | $306.71M | $267.06M | $196.35M | $109.79M | $100.91M | $92.34M | $68.92M | $65.59M | $31.63M | $60.96M | $155.48M | $0 | $7.38M | $43.24M | $942K | $10.14M | $0 |
| Cash and Short-Term Investments | $263.85M | $374.64M | $388.26M | $466.86M | $432.81M | $367.74M | $312.13M | $257.36M | $143.41M | $141.34M | $143.18M | $129.82M | $130.35M | $120.4M | $148.88M | $198.04M | $205.3M | $46.46M | $85.17M | $31.87M | $31.15M | $16.26M |
| Accounts Receivable | $54.58M | $47.1M | $34.16M | $33.51M | $32.47M | $30.04M | $26.37M | $28.78M | $17.6M | $20.27M | $16.33M | $3.65M | $2.03M | $1.17M | $1.73M | $511K | $3.32M | $0 | $0 | $1.03M | $0 | $0 |
| Inventory | $1.85M | $1.73M | $1.36M | $1.19M | $1.02M | $1.28M | $1.14M | $994K | $840K | $779K | $1.29M | $5.17M | $530K | $57K | $0 | $1.64M | $2.4M | $0 | $718K | $924K | $0 | $0 |
| Other Current Assets | $26.98M | $15.42M | $9.17M | $17.73M | $1 | $0 | $14.5M | $0 | $8M | $3.98M | $5.74M | $154K | $658K | $649K | $244K | $815K | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $347.26M | $438.89M | $432.95M | $519.29M | $478.3M | $409.14M | $354.14M | $299.13M | $169.86M | $174.18M | $166.55M | $141.73M | $135.61M | $125.97M | $153.5M | $202.21M | $212.95M | $47.75M | $86.96M | $33.82M | $33.37M | $16.45M |
| Long-Term Assets | ||||||||||||||||||||||
| Property, Plant & Equipment Net | $13.51M | $12.68M | $9.14M | $10.97M | $12.38M | $14.6M | $15.04M | $4.42M | $5.31M | $5.01M | $4.57M | $2.44M | $2.2M | $2.35M | $964K | $937K | $1.32M | $1.76M | $1.35M | $1.86M | $1.11M | $1.25M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $117.09M | $114.1M | $121.37M | $18.57M | $20.08M | $21.56M | $23.04M | $24.54M | $26.07M | $27.82M | $38.75M | $26.72M | $5.04M | $6.53M | $8.03M | $9.52M | $11.02M | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $578K | $600K | $0 | $800K | $0 | $0 | $0 | $0 | $19.01M | -$1.64M | $0 | $0 | $7.98M | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $81.44M | $75M | $74.04M | $74.88M | $81.52M | $87.68M | -$600K | $0 | $100K | $0 | $0 | $0 | $0 | $0 | $1.64M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $11.08M | $9.1M | $9.98M | $11.38M | $8.15M | $6.64M | $3.27M | $4.04M | $4.19M | $2.46M | $3.18M | $813K | $500K | $600K | $1.11M | $430K | $430K | $430K | $580K | $580K | $1.27M | $50K |
| Total Long-Term Assets | $141.69M | $217.31M | $215.49M | $114.95M | $115.49M | $124.31M | $129.61M | $33M | $35.57M | $36.2M | $46.5M | $29.97M | $7.74M | $9.48M | $29.12M | $10.89M | $12.76M | $2.19M | $9.91M | $2.44M | $2.38M | $1.3M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $488.95M | $656.2M | $648.44M | $634.25M | $593.79M | $533.46M | $483.75M | $332.13M | $205.43M | $210.37M | $213.05M | $171.7M | $143.35M | $135.45M | $182.62M | $213.1M | $225.71M | $49.93M | $96.86M | $36.26M | $35.75M | $17.75M |
| Liabilities | ||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||
| Accounts Payable | $4.94M | $3.5M | $7.14M | $12.69M | $925K | $1.05M | $5.9M | $0 | $0 | $0 | $0 | $835K | $661K | $287K | $996K | $648K | $2.42M | $512K | $2.99M | $2.78M | $2.25M | $719K |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $2.15M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $142K | $174K |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.27M | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $174K | $26.79M | $26.79M | $27.24M | $26.79M | $26.79M | $0 | $0 | $129.95M | $130K | $689K |
| Other Current Liabilities | $87.19M | $69.36M | $69.33M | $34.01M | $27.68M | $45.38M | $44.86M | $41.48M | $50.03M | -$3.42M | $0 | $214K | $397K | $127K | $3.28M | $62K | $2.22M | $0 | $0 | $0 | $8K | $375K |
| Total Current Liabilities | $145.16M | $99.98M | $87.7M | $91.44M | $74.42M | $65.94M | $59.51M | $53.02M | $70.36M | $50.32M | $51.32M | $7.79M | $32.85M | $32.26M | $31.62M | $31.03M | $31.53M | $3.41M | $12.78M | $9.11M | $5.06M | $1.62M |
| 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 | $142K |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $63.49M | $90.28M | $117.53M | $143.85M | $171.15M | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $100K | $100K | $0 | $0 | $0 | $0 | $0 | $0 | $1.64M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $9.53M | $9.59M | $8.83M | $6.8M | $4.39M | $2.76M | $843K | $3.69M | $3.67M | $28.72M | $28.71M | $3.1M | $2.89M | $3M | $0 | $490K | $0 | $0 | $354K | $397K | $24K | $30K |
| Total Long-Term Liabilities | $16.6M | $17.68M | $15.83M | $15.61M | $14.45M | $14.25M | $13.3M | $3.69M | $3.67M | $28.72M | $28.71M | $3.1M | $66.37M | $93.28M | $117.53M | $144.34M | $171.15M | $503K | $354K | $397K | $24K | $186K |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $161.76M | $117.66M | $103.53M | $107.05M | $88.86M | $80.19M | $72.8M | $56.71M | $74.04M | $79.04M | $80.02M | $10.89M | $99.22M | $125.54M | $149.14M | $175.37M | $202.68M | $3.91M | $13.13M | $9.5M | $5.09M | $1.81M |
| Stockholders' Equity | ||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $20K | $0 | $0 | $0 | $28.31M |
| Common Stock | $59K | $58K | $58K | $57K | $56K | $55K | $54K | $52K | $45K | $44K | $43K | $41K | $33K | $28K | $28K | $28K | $28K | $27K | $27K | $22K | $16K | $3 |
| Retained Earnings | -$394.77M | -$174.29M | -$155.39M | -$157.9M | -$164.18M | -$197.33M | -$220.66M | -$336.22M | -$361.43M | -$345.86M | -$327.85M | -$287.98M | -$311.36M | -$291.11M | -$263.44M | -$253.64M | -$260.83M | -$224.97M | -$173.91M | -$99.84M | -$36.33M | -$12.45M |
| Comprehensive Income & Other | $629K | $74K | -$30K | -$1.19M | -$175K | $239K | $249K | $1K | -$34K | $58K | $39K | $16K | $21K | $10K | $21K | $2K | $0 | -$20K | $12K | -$3K | -$18.78M | -$3K |
| Other Stockholders' Equity | $721.89M | $712.78M | $700.24M | $685.04M | $669.05M | $650.54M | $631.56M | $611.59M | $492.77M | $477.14M | $460.83M | $448.76M | $355.45M | $300.98M | $296.89M | $291.34M | $283.84M | $270.97M | $257.61M | $126.58M | $66.98M | $28.39M |
| Total Equity | $327.19M | $538.55M | $544.91M | $527.2M | $504.93M | $453.27M | $410.94M | $275.42M | $131.39M | $131.33M | $133.03M | $160.82M | $44.12M | $9.9M | $33.47M | $37.73M | $23.03M | $46.02M | $83.73M | $26.76M | $30.66M | $15.94M |
| Minority Interest | $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 | $488.95M | $656.2M | $648.44M | $634.25M | $593.79M | $533.46M | $483.75M | $332.13M | $205.43M | $210.37M | $213.05M | $171.7M | $143.35M | $135.45M | $182.62M | $213.1M | $225.71M | $49.93M | $96.86M | $36.26M | $35.75M | $17.75M |
| Supplementary Data | ||||||||||||||||||||||
| Total Debt | $12.62M | $12.36M | $9.4M | $11.14M | $12.37M | $13.61M | $14.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $142K | $367K |
| Net Debt | -$72.23M | -$89.96M | -$126.42M | -$123.89M | -$39.7M | -$47.42M | -$30.47M | -$61.01M | -$33.63M | -$40.43M | -$50.84M | -$60.9M | -$64.76M | -$88.77M | -$87.92M | -$42.56M | -$205.3M | -$39.08M | -$41.93M | -$30.93M | -$20.87M | -$15.89M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Operating Activities | ||||||||||||||||||||||
| Net Income | -$220.47M | -$18.9M | $2.51M | $6.28M | $33.15M | $23.34M | $115.55M | $25.21M | -$15.57M | -$18.01M | -$39.87M | $20.19M | -$20.25M | -$27.66M | -$9.8M | $7.19M | -$35.86M | -$51.06M | -$74.07M | -$63.51M | -$23.88M | -$9.47M |
| Depreciation & Amortization | $11.92M | $8.13M | $3.01M | $2.73M | $2.84M | $2.86M | $2.89M | $2.96M | $2.98M | $11.87M | $13.55M | $2.78M | $1.93M | $2.13M | $1.96M | $1.83M | $1.42M | $531K | $572K | $575K | $424K | $377K |
| Deferred Income Tax | $81.44M | -$6.48M | -$1.29M | $1.13M | $6.75M | $6.19M | -$87.77M | -$2.22M | -$426K | -$104K | $677K | $174K | $0 | $560K | $1.82M | -$1.82M | $0 | -$174 | -$19.59M | -$6.13B | $0 | $0 |
| Stock-Based Compensation | $9.47M | $12.43M | $14.04M | $16.28M | $15.37M | $13.36M | $0 | $11.67M | $10.46M | $8.54M | $7.96M | $5.88M | $4.6M | $4.09M | $5.5M | $4.98M | $11.23M | $13.39M | $19.62M | $6.13B | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||
| Accounts Receivable | -$7.46M | -$13.01M | -$707K | -$1.09M | -$2.47M | -$3.77M | $2.34M | -$11.21M | $2.52M | -$4.3M | -$12.68M | -$1.62M | -$863K | $450K | -$1.11M | $2.65M | -$3.16M | $0 | $0 | $0 | $0 | $0 |
| Inventory | -$3.47M | -$29K | -$771K | -$4.48M | -$2.23M | -$2.88M | -$722K | $70K | -$1.06M | $200K | $387K | -$2.21M | $1.25M | -$57K | -$1.67M | $2.4M | -$2.4M | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $15.82M | $1.71M | -$10.98M | $11.79M | $3.04M | $3.76M | $3.51M | -$4.88M | $5.95M | $575K | $9.43M | $174K | $374K | -$709K | $348K | -$1.77M | $1.91M | -$2.48M | $204K | $526.71M | $0 | $0 |
| Other Working Capital | $3.42M | $4.78M | $11.71M | -$151K | $4.4M | $7.2M | -$2M | $8.22M | -$7.44M | -$7.58M | $32.32M | -$29.3M | -$26.79M | -$25.55M | -$26.36M | -$23.66M | $196.05M | -$6.1M | $3.57M | -$521.18M | $686K | $417K |
| Total Working Capital Change | $8.31M | -$6.56M | -$747K | $6.07M | $2.74M | $4.32M | $3.13M | -$7.79M | -$26K | -$11.11M | $29.46M | -$32.96M | -$26.02M | -$25.86M | -$28.79M | -$20.38M | $192.4M | -$8.57M | $3.78M | $5.53M | $686K | $417K |
| Other Non-Cash Items | -$110K | -$4.38M | -$4.72M | -$507K | $3.37M | $1.71M | $12.14M | $167K | $587K | $708K | $657K | -$77.62M | $155K | $1.83M | $900K | -$2.7M | $138K | -$235K | $18.05M | $5.75M | $5.06M | $66K |
| Net Cash from Operating | -$109.44M | -$15.76M | $12.8M | $31.98M | $64.21M | $51.77M | $45.95M | $29.99M | -$1.98M | -$8.1M | $12.45M | -$81.55M | -$39.59M | -$44.92M | -$28.41M | -$10.9M | $169.34M | -$45.96M | -$51.64M | -$51.62M | -$17.71M | -$8.61M |
| Investing Activities | ||||||||||||||||||||||
| Capital Expenditures | -$998K | -$490K | -$383K | -$679K | -$552K | -$1.79M | -$1.02M | -$25.37M | -$1.66M | -$1.41M | -$2.53M | -$8.77M | -$176K | -$2.02M | -$275K | $0 | -$12M | -$944K | -$279K | -$1.35M | -$292K | -$415K |
| Acquisitions | $0 | -$4.23M | -$100.67M | $0 | $0 | $0 | $0 | $25M | $0 | $0 | $0 | -$8M | $0 | $0 | $0 | $0 | $12M | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$112.38M | -$364.77M | -$512.61M | -$349.26M | -$420.46M | -$346.62M | -$394.52M | -$282.39M | -$148.13M | -$165.41M | -$193.11M | -$93.34M | -$65.6M | -$60.87M | -$160.21M | -$202.44M | -$11.37M | -$14.79M | -$138.95M | -$102.23M | -$11.85M | $0 |
| Sales of Investments | $208.24M | $352.06M | $601.6M | $399.86M | $344.32M | $306.92M | $327.23M | $198.1M | $139.57M | $156.79M | $169.04M | $89.83M | $31.5M | $108.64M | $234.84M | $46.75M | $18.63M | $58.82M | $90.27M | $111.81M | $1.75M | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$25M | $124K | -$46K | -$24.07M | $8.24M | -$34.1M | $47.77M | -$600K | $66K | -$12M | $0 | $200K | $0 | -$430K | $0 |
| Net Cash from Investing | $94.86M | -$17.43M | -$12.06M | $49.92M | -$76.7M | -$41.5M | -$68.31M | -$109.66M | -$10.11M | -$10.07M | -$26.6M | -$12.04M | -$34.27M | $45.75M | $73.75M | -$155.62M | -$4.74M | $43.09M | -$48.76M | $8.22M | -$10.82M | -$415K |
| Financing Activities | ||||||||||||||||||||||
| Debt Repaid | $1.99M | $155K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $143K | $224K | $199K |
| Common Stock Issuance | $0 | $0 | $0 | $734K | $3.55M | $5.63M | $6.26M | $100.87M | $5.25M | $7.75M | $4.37M | $87.31M | $48.51M | $0 | $0 | $0 | $0 | $0 | $111.25M | $53.46M | $33.52M | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$283K | $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 |
| Other Financing Activities | -$915K | $0 | $0 | $0 | $0 | $0 | $0 | $6.26M | $5.25M | $7.75M | $4.09M | $2.42M | $1.35M | $12K | $25K | $3.78M | $1.62M | $0 | $149K | $0 | $0 | $0 |
| Net Cash from Financing | -$2.91M | -$155K | $0 | $734K | $3.55M | $5.63M | $6.26M | $107.13M | $5.25M | $7.75M | $4.09M | $89.73M | $49.86M | $12K | $25K | $3.78M | $1.62M | $0 | $111.4M | $53.31M | $33.29M | $18.15M |
| Forex Effect | $126K | -$163K | $47K | $315K | -$85K | $106K | $65K | -$38K | $40K | $6K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $17K | -$1K | $22 | -$9K | -$22K |
| Net Change in Cash | -$17.36M | -$33.51M | $792K | $82.96M | -$9.02M | $16.02M | -$16.03M | $27.41M | -$6.8M | -$10.42M | -$10.06M | -$3.86M | -$24.01M | $849K | $45.36M | -$162.74M | $166.22M | -$2.85M | $11M | $9.92M | $4.75M | $9.09M |
| Supplementary Data | ||||||||||||||||||||||
| Operating Cash Flow | -$109.44M | -$15.76M | $12.8M | $31.98M | $64.21M | $51.77M | $45.95M | $29.99M | -$1.98M | -$8.1M | $12.45M | -$81.55M | -$39.59M | -$44.92M | -$28.41M | -$10.9M | $169.34M | -$45.96M | -$51.64M | -$51.62M | -$17.71M | -$8.61M |
| Capital Expenditure | -$998K | -$490K | -$383K | -$679K | -$552K | -$1.79M | -$1.02M | -$25.37M | -$1.66M | -$1.41M | -$2.53M | -$8.77M | -$176K | -$2.02M | -$275K | $0 | -$12M | -$944K | -$279K | -$1.35M | -$292K | -$415K |
| Free Cash Flow | -$110.44M | -$16.25M | $12.42M | $31.3M | $63.66M | $49.98M | $44.93M | $4.62M | -$3.65M | -$9.51M | $9.92M | -$90.32M | -$39.77M | -$46.93M | -$28.68M | -$10.9M | $157.34M | -$46.9M | -$51.92M | -$52.97M | -$18.01M | -$9.03M |
| Cash at Beginning | $102.78M | $136.29M | $135.5M | $52.07M | $61.09M | $45.07M | $61.1M | $34.34M | $40.43M | $50.84M | $60.9M | $64.76M | $88.77M | $87.92M | $42.56M | $205.29M | $39.08M | $41.93M | $30.93M | $21.01M | $16.26M | $7.17M |
| Cash at End | $85.32M | $102.78M | $136.29M | $135.03M | $52.07M | $61.09M | $45.07M | $61.75M | $33.63M | $40.43M | $50.84M | $60.9M | $64.76M | $88.77M | $87.92M | $42.56M | $205.3M | $39.08M | $41.93M | $30.93M | $21.01M | $16.26M |