Inuvo, Inc. (INUV)
Inuvo, Inc., an advertising technology and services company, develops and commercializes large language generative artificial intelligence that discovers and targets digital audiences in the United States. The company offers IntentKey, an artificial intelligence, data analytics, and automation tool that can optimize the purchase and placement of advertising in real time without consumer data, which can serve multiple creative formats including agencies and brands; CTV, video, audio, native, display channels; and platform. The company sells its information technology solutions to agencies, brands, and large consolidators of advertising demand. It markets its products through websites, social media platforms, blogs, public relations, trade shows, and conferences. The company is headquartered in Little Rock, Arkansas.
Sector: Services-Advertising
Industry: Software - Application
Inuvo, Inc.
NYSE:INUVTechnology · Software - Application
-2.52%$0.4216
Mkt Cap$6.95M
Float13.25M
O/S16.48M
Inst Own20.2%
SI2.2%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$86.21M
Net Income-$5.1M
Total Assets$24.87M
Free Cash Flow-$3.39M
Debt & Equity
Debt 29%
Equity 71%
Total Debt$4.03M
Total Equity$10.02M
Shares Outstanding
Short Interest
Split History2 splits · 2 reverse
2-year cumulative
1:10
Nasdaq bars a compliance period at 1:250
- 1:10Reverse splitJun 10, 202510 shares → 1
- 1:10Reverse splitDec 13, 201010 shares → 1
Balance Sheet Details
Assets$24.87M
Liabilities$14.84M
Accounts Receivable$5.89M
Accounts Payable$7.09M
Inventory$0
PP&E (Net)$2.29M
Goodwill$9.85M
Intangible Assets$3.43M
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Revenue | $86.21M | $83.79M | $73.91M | $75.6M | $59.83M | $44.64M | $61.53M | $73.33M | $79.55M | $71.53M | $70.44M | $49.6M | $54.99M | $53.36M | $35.82M | $48.97M | $51.65M | $51.57M | $73.58M | $71.88M | $40.44M | $21.47M | $7.1M | $4.05M | $6.98M | $9.93M | $11.04M | $9.04M | $8.89M | $0 | $0 |
| YoY Growth | 2.9% | 13.4% | -2.2% | 26.4% | 34.0% | -27.4% | -16.1% | -7.8% | 11.2% | 1.6% | 42.0% | -9.8% | 3.0% | 49.0% | -26.9% | -5.2% | 0.2% | -29.9% | 2.4% | 77.7% | 88.3% | 202.7% | 75.0% | -41.9% | -29.7% | -10.1% | 22.1% | 1.7% | - | - | - |
| Cost of Revenue | $22M | $12.03M | $10.48M | $30.24M | $15.93M | $8.3M | $22.7M | $29.92M | $36.67M | $21.36M | $23.72M | $20.42M | $28.78M | $25.64M | $20.83M | $29.26M | $35.18M | $32.77M | $35.78M | $27.69M | $13.85M | $4.06M | $2.81M | $1.84M | $3.38M | $6.55M | $8.76M | $6.4M | $5.8M | $0 | $0 |
| Gross Profit | $64.21M | $71.76M | $63.43M | $45.36M | $43.9M | $36.34M | $38.82M | $43.41M | $42.88M | $50.17M | $46.72M | $29.17M | $26.21M | $27.73M | $14.99M | $19.71M | $16.47M | $18.8M | $37.8M | $44.19M | $26.59M | $17.42M | $4.29M | $2.21M | $3.6M | $3.38M | $2.28M | $2.64M | $3.09M | $0 | $0 |
| Gross Margin | 74.5% | 85.6% | 85.8% | 60.0% | 73.4% | 81.4% | 63.1% | 59.2% | 53.9% | 70.1% | 66.3% | 58.8% | 47.7% | 52.0% | 41.8% | 40.3% | 31.9% | 36.5% | 51.4% | 61.5% | 65.7% | 81.1% | 60.4% | 54.6% | 51.5% | 34.0% | 20.7% | 29.2% | 34.7% | - | - |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $720K | $0 | $720K | $660K | $0 | $0 | $0 | $0 | $18.19M | $7.45M | $5.42M | $1.21M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $70.91M | $77.27M | $73.83M | $58.01M | $40.29M | $44.39M | $46.56M | $48.88M | $47.12M | $51.02M | $44.57M | $26.68M | $26.19M | $34.26M | $13.24M | $17.98M | $20.24M | $22.73M | $34.39M | $39.11M | $24.92M | $12.58M | $3.41M | $2.17M | $3.92M | $2.99M | $3.6M | $2.13M | $2.15M | $0 | $615 |
| Other | $0 | $0 | $0 | $0 | $11.38M | -$720K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$75K | $0 | $0 | $0 | $24.76M | $38.62M | $42.56M | $26.47M | $0 | $0 | $0 | $0 | $3.4M | $3.84M | $0 | $0 | $11K | $0 |
| Total Operating Expenses | $70.91M | $77.27M | $73.83M | $58.01M | $51.68M | $44.39M | $46.56M | $48.88M | $47.12M | $51.02M | $44.57M | $26.68M | $26.19M | $34.26M | $20.68M | $23.4M | $21.46M | $24.76M | $38.62M | $42.56M | $26.47M | $12.69M | $3.41M | $2.17M | $3.92M | $3.4M | $3.84M | $2.13M | $2.15M | $11K | $615 |
| Operating Income (EBIT) | -$6.7M | -$5.51M | -$10.39M | -$12.65M | -$7.77M | -$8.05M | -$7.74M | -$5.47M | -$4.24M | -$857K | $2.15M | $2.5M | $17K | -$6.53M | -$5.7M | -$3.69M | -$4.98M | -$46.16M | -$823K | $1.63M | $118K | $4.72M | $883K | $47K | -$317K | -$21K | -$1.55M | $504K | $931K | -$11K | -$615 |
| Operating Margin | -7.8% | -6.6% | -14.1% | -16.7% | -13.0% | -18.0% | -12.6% | -7.5% | -5.3% | -1.2% | 3.0% | 5.0% | 0.0% | -12.2% | -15.9% | -7.5% | -9.6% | -89.5% | -1.1% | 2.3% | 0.3% | 22.0% | 12.5% | 1.2% | -4.5% | -0.2% | -14.1% | 5.6% | 10.5% | - | - |
| Interest Expense | $260K | $267K | $30K | $21K | $87K | $254K | $482K | $420K | $318K | $100K | $141K | $351K | $357K | $563K | $336K | $564K | $839K | $750K | $884K | $908K | $173K | $45K | $94K | $113K | $157K | $382K | $0 | $72K | $0 | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5K | $5K | $5K | $14K | $37K | $15K | $78K | $22K | $6K | $645 | $3K | $5K | $0 | $48 | $0 | $0 | $0 |
| Other Income (Expense) | $1.61M | -$240K | -$15K | -$457K | $170K | $744K | $2.92M | -$420K | -$318K | -$100K | -$141K | -$351K | -$357K | -$327K | -$3.53M | -$947K | -$407K | -$759K | -$787K | -$221K | -$84K | $1.89M | -$96K | -$2.6M | -$112K | -$432K | -$256K | -$29K | $40K | $0 | $0 |
| Income Before Tax (EBT) | -$5.08M | -$5.75M | -$10.41M | -$13.11M | -$7.6M | -$7.3M | -$4.82M | -$5.89M | -$4.55M | -$957K | $2.01M | $2.15M | -$340K | -$7.17M | -$9.23M | -$4.64M | -$7M | -$46.92M | -$1.61M | $1.41M | $33K | $4.73M | $787K | -$2.55M | -$312K | -$540K | -$1.83M | $453K | $971K | $0 | $0 |
| Income Tax Expense | $11K | $8K | -$18K | $0 | $0 | $0 | -$334K | $0 | -$1.5M | -$29K | -$300K | $0 | -$314K | -$327K | $8K | $3K | -$768K | -$1.98M | -$502K | $840K | $37K | $1.79M | -$275K | -$485K | -$176K | -$195K | -$545K | $199K | $318K | $11K | $615 |
| Net Income | -$5.1M | -$5.76M | -$10.39M | -$13.11M | -$7.6M | -$7.3M | -$4.49M | -$5.89M | -$3.06M | -$773K | $2.34M | $2.11M | $477K | -$7.02M | -$8.98M | -$5.01M | -$5.39M | -$82.85M | -$1.11M | $565K | -$4K | $2.94M | $320K | -$2.47M | -$490K | $730K | -$1.29M | $254K | $653K | -$11K | -$615 |
| Net Income Margin | -5.9% | -6.9% | -14.1% | -17.3% | -12.7% | -16.4% | -7.3% | -8.0% | -3.8% | -1.1% | 3.3% | 4.2% | 0.9% | -13.2% | -25.1% | -10.2% | -10.4% | -160.6% | -1.5% | 0.8% | -0.0% | 13.7% | 4.5% | -60.9% | -7.0% | 7.4% | -11.7% | 2.8% | 7.3% | - | - |
| Supplementary Data | |||||||||||||||||||||||||||||||
| EPS | -0.35 | -0.41 | -0.79 | -1.09 | -0.65 | -0.94 | -0.11 | -0.19 | -0.11 | -0.03 | 0.10 | 0.09 | 0.02 | -0.34 | -0.96 | -0.59 | -0.81 | -12.45 | -0.17 | 0.20 | -0.00 | 0.70 | 1.55 | -1.51 | -0.33 | 0.70 | -1.31 | 0.30 | 1.00 | -0.05 | -0.00 |
| Diluted EPS | -0.35 | -0.41 | -0.79 | -1.09 | -0.65 | -0.94 | -0.11 | -0.19 | -0.11 | -0.03 | 0.10 | 0.09 | 0.02 | -0.33 | -0.96 | -0.59 | -0.81 | -12.45 | -0.17 | 0.20 | -0.00 | 0.60 | 1.55 | -1.51 | -0.33 | 0.70 | -1.31 | 0.30 | 1.00 | -0.05 | -0.00 |
| Weighted Average OS | 14.63M | 14.00M | 13.11M | 11.98M | 11.76M | 7.75M | 4.05M | 3.10M | 2.78M | 2.47M | 2.42M | 2.35M | 2.33M | 2.07M | 936,404 | 849,628 | 667,932 | 665,493 | 671,227 | 487,223 | 394,671 | 253,427 | 205,989 | 164,018 | 147,534 | 108,599 | 98,087 | 82,742 | 63,765 | 21,517 | 13,517 |
| EBITDA | -$2.32M | -$2.69M | -$7.63M | -$10.38M | -$4.05M | -$3.45M | -$918K | -$2.29M | -$1.21M | $1.35M | $3.95M | $4.25M | $3.07M | $719K | -$4.68M | $997K | -$455K | -$37.96M | $7.93M | $8.05M | $2.34M | $3.13M | $910K | $2.54M | -$845K | $304K | -$1.86M | $616K | $1.04M | -$11K | -$615 |
| EBITDA Margin | -2.7% | -3.2% | -10.3% | -13.7% | -6.8% | -7.7% | -1.5% | -3.1% | -1.5% | 1.9% | 5.6% | 8.6% | 5.6% | 1.3% | -13.1% | 2.0% | -0.9% | -73.6% | 10.8% | 11.2% | 5.8% | 14.6% | 12.8% | 62.7% | -12.1% | 3.1% | -16.9% | 6.8% | 11.7% | - | - |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Assets | |||||||||||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $2.84M | $2.46M | $4.44M | $2.93M | $10.48M | $7.89M | $373K | $229K | $4.08M | $3.95M | $4.26M | $3.71M | $3.14M | $3.38M | $4K | $119K | $4.84M | $360K | $2.58M | $3.03M | $2.61M | $17.16M | $303K | $69K | $73K | $583K | $117K | $148K | $174K | $6K | $8K |
| Short-Term Investments | $0 | $0 | $0 | $1.53M | $1.93M | $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 | $2.84M | $2.46M | $4.44M | $4.46M | $12.4M | $7.89M | $373K | $229K | $4.08M | $3.95M | $4.26M | $3.71M | $3.14M | $3.38M | $4K | $119K | $4.84M | $360K | $2.58M | $3.03M | $2.61M | $17.16M | $303K | $69K | $73K | $583K | $117K | $148K | $174K | $6K | $8K |
| Accounts Receivable | $5.89M | $12.55M | $9.23M | $11.12M | $9.27M | $6.23M | $7.53M | $6.72M | $10.76M | $7.59M | $7.02M | $5.13M | $3.63M | $5.46M | $5.48M | $4.56M | $4.99M | $7.8M | $14.74M | $12.11M | $6.03M | $2.12M | $1.47M | $792K | $911K | $2.39M | $2.52M | $2.49M | $1.51M | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $301K | $909K | $604K | $1.04M | $1.28M | $0 | $0 | $1.56M | $0 | $340K | $91K | $158K | $616K | $867K | $218K | $238K | $0 | $0 |
| Other Current Assets | $490K | $640K | $1.08M | $799K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $630K | $948K | $50K | $3.06M | $2.78M | $8.08M | $1.16M | $1.03M | $1.33M | $81K | $220K | $865K | $22K | $763K | $367K | $127K | $500 | $0 |
| Total Current Assets | $9.22M | $15.64M | $14.74M | $16.38M | $23.08M | $14.53M | $8.15M | $7.21M | $15.24M | $11.83M | $11.62M | $9.14M | $7.28M | $9.94M | $7.34M | $5.33M | $13.01M | $12.7M | $19.74M | $17.17M | $10.41M | $23.06M | $4.88M | $1.17M | $2.01M | $3.61M | $4.66M | $3.22M | $2.05M | $6K | $8K |
| Long-Term Assets | |||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $2.29M | $2.72M | $2.56M | $2.15M | $2.35M | $2.19M | $2.22M | $2.12M | $2.31M | $1.62M | $1.81M | $959K | $1.19M | $2.11M | $1.59M | $2.75M | $4.88M | $5.47M | $4.68M | $4.01M | $3.25M | $1.31M | $81K | $104K | $195K | $727K | $1.55M | $360K | $390K | $0 | $0 |
| Goodwill | $9.85M | $9.85M | $9.85M | $9.85M | $9.85M | $9.85M | $9.85M | $9.85M | $9.85M | $5.76M | $5.76M | $5.76M | $5.76M | $5.76M | $1.78M | $3.35M | $3.35M | $3.35M | $79.8M | $79.14M | $32.96M | $7.72M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $3.43M | $3.89M | $4.66M | $5.65M | $6.72M | $8.59M | $10.45M | $9.44M | $10.81M | $8.34M | $9.32M | $9.53M | $10.32M | $11.14M | $390K | $2.51M | $3.81M | $5.1M | $16.52M | $19.82M | $10.3M | $1.1M | $0 | $0 | $2.37M | $317K | $522K | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $660K | $860K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$205K | $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 | $205K | $701K | $1.49M | $1.02M | $371K | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $78K | $78K | $553K | $867K | $1.14M | $21K | $21K | $35K | $36K | $15K | $225K | $212K | $380K | $182K | $2K | $79K | $777K | $2.6M | $384K | $260K | $573K | $251K | $98K | $137K | $390K | $559K | $98K | $0 | $4K | $0 | $0 |
| Total Long-Term Assets | $15.65M | $16.55M | $17.63M | $19.18M | $20.92M | $20.65M | $22.54M | $21.45M | $23M | $15.74M | $17.11M | $16.46M | $17.65M | $19.19M | $3.76M | $8.69M | $12.81M | $16.52M | $101.39M | $103.23M | $47.09M | $11.08M | $1.67M | $1.26M | $3.32M | $1.6M | $2.17M | $360K | $394K | $0 | $0 |
| Other Assets | -$3 | $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 | $24.87M | $32.2M | $32.37M | $35.56M | $44M | $35.18M | $30.69M | $28.67M | $38.25M | $27.56M | $28.73M | $25.61M | $24.94M | $29.13M | $11.1M | $14.03M | $25.83M | $29.22M | $121.13M | $120.4M | $57.49M | $34.13M | $6.56M | $2.43M | $5.33M | $5.21M | $6.82M | $3.58M | $2.45M | $6K | $8K |
| Liabilities | |||||||||||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||||||||||
| Accounts Payable | $7.09M | $8.42M | $6.43M | $8.04M | $4.84M | $4.05M | $7.52M | $9.5M | $13.61M | $9.28M | $10.08M | $5.71M | $6.24M | $10.2M | $6.2M | $5.48M | $4.43M | $5.15M | $3.1M | $6.34M | $3.44M | $706K | $304K | $180K | $266K | $527K | $649K | $724K | $441K | $0 | $0 |
| Short-Term Debt | $3.29M | $0 | $0 | $0 | $0 | $0 | $3.92M | $250K | $4.9M | $0 | $0 | $960K | $2.55M | $1.33M | $452K | $1.85M | $4.86M | $1.96M | $1.34M | $246K | $430K | $572K | $1.32M | $811K | $1.36M | $2.04M | $3.19M | $1.07M | $267K | $0 | $0 |
| Current Income Tax Payable | $0 | $9K | $6K | $4K | $18K | $8K | $11K | $14K | $26K | $10K | $14K | $268K | $26K | $0 | $0 | $0 | $0 | $0 | $437K | $716K | $1.53M | $547.1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $14K | $26K | $2.44M | $2.88M | $268K | $77K | $0 | $18K | $20K | $550K | $19K | $1.27M | $2.08M | $2.83M | $933K | $2.69M | $705K | $305K | $0 | $0 | $104K | $348K | $0 | $0 |
| Other Current Liabilities | $202K | $386K | $1.58M | $792K | $132K | $60K | $267K | $3.95M | $1.81M | $2.41M | $2.48M | $801K | $531K | $1.31M | $1.07M | $726K | $0 | $3.2M | $5.56M | $1.28M | $775K | -$65K | $0 | $0 | $30K | $216K | $656K | $270K | $104K | $0 | $0 |
| Total Current Liabilities | $14.29M | $17.89M | $14.53M | $13.6M | $10.66M | $8.73M | $15.68M | $14.1M | $21.4M | $11.97M | $13.25M | $10.38M | $11.17M | $13.4M | $9.35M | $9.66M | $11.14M | $10.6M | $11.29M | $11.14M | $8.79M | $3.87M | $4.52M | $1.72M | $1.98M | $2.95M | $4.49M | $2.16M | $1.16M | $0 | $0 |
| Long-Term Liabilities | |||||||||||||||||||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $150K | $0 | $1M | $0 | $0 | $0 | $2.67M | $3.6M | $6.49M | $2.45M | $0 | $5.79M | $9.06M | $11.1M | $11.74M | $7.47M | $0 | $697K | $115K | $305K | $570K | $968K | $16K | $155K | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $420K | $0 | -$81K | $131K | $163K | $214K | $213K | $0 | $0 | $0 | $0 | $0 | $215K | $0 | $3.86M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $108K | $97K | $89K | $107K | $107K | $107K | $107K | $2.34M | $2.33M | $3.74M | $3.8M | $3.55M | $3.79M | $4.1M | $0 | $0 | $0 | $0 | $2.49M | $3.89M | $2.31M | $0 | $0 | $0 | $0 | $50K | $23K | $11K | $10K | $0 | $0 |
| Other Long-Term Liabilities | -$552K | $0 | $216 | $11K | $13K | $4K | $57K | $112K | $145K | $326K | $692K | $720K | $987K | $885K | $300K | $357K | $480K | -$477K | $203K | $295K | $262K | $974K | $0 | $0 | $0 | $0 | $300K | -$12K | $0 | $0 | $0 |
| Total Long-Term Liabilities | $0 | $835K | $859K | $212K | $527K | $1.16M | $559K | $3.53M | $2.76M | $4.06M | $4.52M | $6.95M | $8.42M | $11.52M | $2.75M | $357K | $6.46M | $9.06M | $14.19M | $19.79M | $10.05M | $974K | $697K | $115K | $305K | $620K | $1.29M | $27K | $165K | $0 | $0 |
| Other Liabilities | $552K | $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 | $14.84M | $18.72M | $15.39M | $13.81M | $11.19M | $9.89M | $16.24M | $17.63M | $24.16M | $16.04M | $17.77M | $17.33M | $19.59M | $24.92M | $12.11M | $10.02M | $17.6M | $19.65M | $25.48M | $30.93M | $18.85M | $4.84M | $5.22M | $1.84M | $2.28M | $3.56M | $5.78M | $2.19M | $1.32M | $0 | $0 |
| 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 |
| Common Stock | $15K | $141K | $138K | $120K | $119K | $98K | $52K | $33K | $29K | $25K | $25K | $24K | $24K | $24K | $10K | $9K | $90K | $71K | $70K | $67K | $38K | $34K | $23K | $19K | $18K | $11K | $10K | $8K | $8K | $11K | $7K |
| Retained Earnings | -$178.3M | -$173.21M | -$167.45M | -$157.06M | -$143.95M | -$136.35M | -$129.05M | -$126.47M | -$120.58M | -$117.52M | -$116.75M | -$119.09M | -$121.19M | -$121.67M | -$114.65M | -$105.67M | -$100.67M | -$94.1M | -$11.25M | -$12.99M | -$3.32M | -$863K | -$3.77M | -$4.09M | -$1.62M | -$1.13M | -$1.86M | $1M | $750K | -$919K | -$908K |
| Comprehensive Income & Other | $0 | $0 | $0 | -$85K | $54K | $0 | $0 | -$9.26M | -$7.53M | -$6.01M | -$11.53M | -$10.58M | -$0 | $418 | -$6.62M | -$6.59M | $0 | -$117K | $1.14M | $173K | $94K | -$227K | -$38K | -$24K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $188.31M | $186.54M | $184.29M | $178.69M | $176.64M | $161.54M | $143.45M | $137.47M | $134.64M | $129.02M | $127.68M | $127.34M | $126.51M | $125.85M | $113.63M | $109.67M | $108.8M | $103.59M | $106.82M | $102.38M | $41.93M | $30.12M | $5.09M | $4.67M | $4.66M | $2.77M | $2.9M | $378K | $364K | $914K | $908K |
| Total Equity | $10.02M | $13.47M | $16.98M | $21.75M | $32.81M | $25.29M | $14.45M | $11.03M | $14.09M | $11.53M | $10.96M | $8.27M | $5.34M | $4.21M | -$1.01M | $4.01M | $8.22M | $9.57M | $95.64M | $89.46M | $38.65M | $29.29M | $1.34M | $596K | $3.05M | $1.65M | $1.04M | $1.39M | $1.12M | $6K | $7K |
| 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 |
| Total Liabilities and Equity | $24.87M | $32.2M | $32.37M | $35.56M | $44M | $35.18M | $30.69M | $28.67M | $38.25M | $27.56M | $28.73M | $25.61M | $24.94M | $29.13M | $11.1M | $14.03M | $25.83M | $29.22M | $121.13M | $120.4M | $57.49M | $34.13M | $6.56M | $2.43M | $5.33M | $5.21M | $6.82M | $3.58M | $2.45M | $6K | $7K |
| Supplementary Data | |||||||||||||||||||||||||||||||
| Total Debt | $4.03M | $1.02M | $944K | $483K | $850K | $1.1M | $4.76M | $3.39M | $5.39M | $31K | $78K | $3.68M | $6.14M | $7.87M | $2.96M | $2.56M | $10.7M | $10.18M | $12.44M | $11.99M | $7.91M | $572K | $2.01M | $926K | $1.66M | $2.61M | $4.15M | $1.08M | $422K | $0 | $0 |
| Net Debt | $1.19M | -$1.44M | -$3.5M | -$2.45M | -$9.63M | -$6.79M | $4.38M | $3.16M | $1.31M | -$3.92M | -$4.18M | -$38K | $3.01M | $4.49M | $2.96M | $2.44M | $5.85M | $9.82M | $9.86M | $8.96M | $5.3M | -$16.59M | $1.71M | $857K | $1.59M | $2.02M | $4.04M | $934K | $248K | -$6K | -$8K |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Operating Activities | |||||||||||||||||||||||||||||||
| Net Income | -$5.1M | -$5.76M | -$10.39M | -$13.11M | -$7.6M | -$7.3M | -$4.49M | -$5.89M | -$3.06M | -$773K | $2.34M | $2.11M | $477K | -$7.02M | -$8.98M | -$5.01M | -$5.56M | -$82.85M | -$1.11M | $565K | -$4K | $2.94M | $320K | -$2.47M | -$490K | -$176K | -$1.29M | $254K | $649K | -$11K | -$615 |
| Depreciation & Amortization | $2.5M | $2.8M | $2.75M | $2.7M | $3.47M | $3.61M | $3.42M | $3.18M | $3.03M | $2.21M | $1.81M | $1.75M | $3.06M | $7.32M | $4.21M | $5.07M | $5.7M | $8.21M | $8.75M | $6.43M | $2.23M | $298K | $26K | $2.5M | $486K | $414K | $240K | $112K | $107K | $0 | $0 |
| Deferred Income Tax | $11K | $8K | -$18K | $0 | $274K | $0 | -$334K | $8K | -$1.41M | -$61K | -$173K | $24K | -$310K | -$444K | $2.63M | $1M | $864K | -$3.02M | -$1.62M | $680K | -$74K | $1.12M | -$726K | -$580K | $0 | $27K | $0 | $918 | $0 | $0 | $0 |
| Stock-Based Compensation | $1.14M | $1.5M | $1.98M | $2.35M | $2.18M | $859K | $790K | $915K | $1.28M | $1.26M | $708K | $992K | $687K | $843K | $1.53M | $790K | $435K | -$824K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||||||||||
| Accounts Receivable | $6.7M | -$1.88M | $1.11M | -$3.12M | -$3.05M | $1.17M | -$974K | $4.06M | -$1.22M | -$583K | -$2M | -$1.52M | $1.96M | $1.81M | -$1.01M | -$320K | $2.55M | $403K | $0 | $0 | $0 | -$3.89B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $272K | $0 | $974K | $6.61M | $5.54M | -$201K | $556K | $1.25M | $14K | $1.42M | $0 | $4.6M | $987K | -$2.19M | $0 | $0 | $0 | $3.62B | $0 | $32K | -$29K | -$27K | -$198K | $21K | -$43K | $0 | $0 |
| Accounts Payable | -$1.33M | $1.99M | -$1.61M | $3.2M | $796K | -$2.27M | -$1.98M | -$4.11M | $437K | -$623K | $4.55M | -$519K | -$3.5M | $244K | $0 | $1.05M | -$587K | $2.17M | $0 | $0 | $0 | $237.59M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$5.68M | $2.23M | $2.85M | $672K | -$1.1M | $448K | $395K | -$6.89M | -$6.16M | -$35K | -$1.63M | -$165K | -$10K | -$3.47M | $483K | -$4.33M | -$18K | $2.1M | -$3.05M | -$4.96M | -$2.56M | $19.19M | -$874K | -$1.05M | $352K | $411K | -$714K | -$690K | -$150K | $0 | $0 |
| Total Working Capital Change | -$303K | $2.34M | $2.34M | $753K | -$3.08M | -$657K | -$1.58M | -$335K | -$1.4M | -$1.44M | $1.47M | -$953K | -$1.54M | $10K | -$526K | $1M | $2.93M | $2.49M | -$3.05M | -$4.96M | -$2.56M | -$4.37M | -$874K | -$1.01M | $323K | $384K | -$911K | -$669K | -$193K | $0 | $0 |
| Other Non-Cash Items | -$46K | -$658K | $780K | $1.73M | -$518K | -$2.1M | -$3.14M | $20K | $403K | -$146K | -$46K | $26K | -$564K | $283K | $606K | $492K | $305K | $82.05M | $901K | -$1.02M | $647K | $2.6M | $1.47M | $1.1M | $547K | -$113K | $167K | -$571K | $214K | $0 | $615 |
| Net Cash from Operating | -$1.79M | $230K | -$2.55M | -$5.57M | -$5.28M | -$5.6M | -$5.34M | -$2.1M | -$1.15M | $1.05M | $6.11M | $3.94M | $1.81M | $991K | -$522K | $3.35M | $4.68M | $6.06M | $3.98M | $1.69M | $239K | $2.58M | $218K | -$468K | $866K | $1.44M | -$1.79M | -$874K | $777K | -$11K | $0 |
| Investing Activities | |||||||||||||||||||||||||||||||
| Capital Expenditures | -$1.6M | -$1.86M | -$1.68M | -$1.69M | -$1.6M | -$1.19M | -$1.19M | -$1.63M | -$1.56M | -$1.12M | -$1.53M | -$840K | -$678K | -$3.96M | -$3.03M | -$3.1M | -$1.38M | -$2.23M | -$5.72M | -$3.83M | -$1.7M | -$1.2M | -$3K | -$39K | $0 | -$14K | -$385K | -$82K | -$140K | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $1.69T | $3M | $0 | $0 | $0 | $236K | $0 | $0 | $0 | $0 | $2.43M | $0 | $0 | -$2.1M | -$3.26M | $0 | -$27.04M | -$19.32M | $0 | $0 | $0 | -$438K | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | -$1.69M | -$3.14M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$100K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $2.29M | $1.72M | $142K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $58K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | -$1.69T | -$3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$633K | $0 | $1.45M | $750K | $9K | -$89K | $393K | -$308K | $525K | $0 | -$218K | -$1.38M | $365K | $0 | $10K | $8K | $0 | $0 |
| Net Cash from Investing | -$1.6M | -$1.86M | $606K | -$1.67M | -$4.6M | -$1.19M | -$1.19M | -$1.63M | -$1.32M | -$1.12M | -$1.53M | -$840K | -$678K | -$1.53M | -$3.03M | -$1.65M | -$2.73M | -$5.48M | -$5.81M | -$30.47M | -$21.33M | -$678K | -$45K | -$257K | -$1.81M | $351K | -$385K | -$82K | -$132K | $0 | $0 |
| Financing Activities | |||||||||||||||||||||||||||||||
| Debt Repaid | -$3.27M | $51K | $102K | $108K | $408K | $2.56M | $199K | $4.11M | -$4.74M | $46K | $3.7M | $2.57M | $1.71M | -$4.31M | -$931K | $6.42M | $2.14M | $1.45M | - | - | - | $2.2M | $14K | -$727K | -$429K | $1.2M | -$2.07M | -$659K | $114K | - | - |
| Common Stock Issuance | $0 | $0 | $3.67M | $0 | $13.14M | $16.43M | $4.35M | $2M | $0 | $0 | $0 | $0 | $0 | $0 | $2.64M | $0 | $4.67M | $13K | $230K | $24.88M | $0 | $17.15M | $101K | $134K | $58K | $225K | $81K | $0 | $49K | $10K | $1K |
| Common Stock Repurchases | $0 | -$303K | $0 | -$197K | $0 | $0 | $0 | $0 | -$45K | -$22K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$160K | $0 | $0 | -$61K | $0 | $0 | -$140K | -$50K | -$350K | $0 | $0 | -$82K | $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 | $0 | -$101K | $0 | $0 |
| Other Financing Activities | $499K | $0 | -$106K | $0 | -$270K | $425K | $1.58M | -$119K | -$72K | $26K | -$335K | $44K | $339K | -$401K | -$130K | $0 | $0 | $0 | $950K | $1.43M | $0 | $0 | -$25K | $0 | $0 | $0 | $0 | $270K | $0 | -$603 | $7K |
| Net Cash from Financing | $3.77M | -$353K | $3.46M | -$304K | $12.46M | $14.3M | $6.68M | -$121K | $2.61M | -$247K | -$4.04M | -$2.53M | -$1.38M | $3.91M | $3.44M | -$6.42M | $2.53M | -$2.79M | $1.35M | $29.21M | $6.54M | $14.95M | $61K | $721K | $437K | -$1.33M | $2.15M | $929K | -$552K | $9K | $8K |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$418 | $418 | $0 | $0 | $0 | -$6K | $24K | -$4K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $381K | -$1.98M | $1.51M | -$7.54M | $2.59M | $7.52M | $144K | -$3.86M | $138K | -$310K | $543K | $577K | -$244K | $3.38M | -$114K | -$4.72M | $4.48M | -$2.22M | -$453K | $422K | -$14.55M | $16.86M | $234K | -$4K | -$510K | $466K | -$30K | -$27K | $92K | -$2K | $8K |
| Supplementary Data | |||||||||||||||||||||||||||||||
| Operating Cash Flow | -$1.79M | $230K | -$2.55M | -$5.57M | -$5.28M | -$5.6M | -$5.34M | -$2.1M | -$1.15M | $1.05M | $6.11M | $3.94M | $1.81M | $991K | -$522K | $3.35M | $4.68M | $6.06M | $3.98M | $1.69M | $239K | $2.58M | $218K | -$468K | $866K | $1.44M | -$1.79M | -$874K | $777K | -$11K | $0 |
| Capital Expenditure | -$1.6M | -$1.86M | -$1.68M | -$1.69M | -$1.6M | -$1.19M | -$1.19M | -$1.63M | -$1.56M | -$1.12M | -$1.53M | -$840K | -$678K | -$3.96M | -$3.03M | -$3.1M | -$1.38M | -$2.23M | -$5.72M | -$3.83M | -$1.7M | -$1.2M | -$3K | -$39K | $0 | -$14K | -$385K | -$82K | -$140K | $0 | $0 |
| Free Cash Flow | -$3.39M | -$1.63M | -$4.24M | -$7.26M | -$6.87M | -$6.78M | -$6.53M | -$3.74M | -$2.71M | -$63K | $4.58M | $3.1M | $1.13M | -$2.97M | -$3.55M | $243K | $3.3M | $3.83M | -$1.74M | -$2.14M | -$1.46M | $1.38M | $215K | -$507K | $866K | $1.43M | -$2.18M | -$956K | $637K | -$11K | $0 |
| Cash at Beginning | $2.46M | $4.44M | $2.93M | $10.48M | $7.89M | $373K | $229K | $4.08M | $3.95M | $4.26M | $3.71M | $3.14M | $3.38M | $4K | $119K | $4.84M | $360K | $2.58M | $3.03M | $2.61M | $17.16M | $303K | $69K | $73K | $583K | $117K | $148K | $174K | $73K | $8K | $0 |
| Cash at End | $2.84M | $2.46M | $4.44M | $2.93M | $10.48M | $7.89M | $373K | $229K | $4.08M | $3.95M | $4.26M | $3.71M | $3.14M | $3.38M | $4K | $119K | $4.84M | $360K | $2.58M | $3.03M | $2.61M | $17.16M | $303K | $69K | $73K | $583K | $117K | $148K | $165K | $6K | $8K |