MAUI LAND & PINEAPPLE CO INC (MLP)
Maui Land & Pineapple Company, Inc. (MLP), established in 1909 and headquartered in Lahaina, Hawaii, operates as a real estate enterprise involved in the development, management, and sale of various property types—including residential, resort, commercial, agricultural, and industrial—across the United States. The company's activities are organized into three primary divisions: Real Estate, Leasing, and Resort Amenities. The Real Estate segment focuses on the entire lifecycle of land development, encompassing planning, obtaining necessary permits, developing, and selling its land holdings on Maui. This division also offers licensed general brokerage services for properties located within the Kapalua Resort and its surrounding regions. The Leasing segment manages the rental of commercial, agricultural, and industrial land and facilities. Additionally, it handles the licensing of the company's proprietary trademarks and brand names, provides land stewardship and conservation services, and operates essential water infrastructure, including canals, reservoirs, and well systems that supply both potable and non-potable water to areas in West and Upcountry Maui. The Resort Amenities segment is responsible for overseeing the operations of the Kapalua Club. This exclusive, non-equity club program grants its members unique benefits, preferred access, and other privileges at various amenities situated within the Kapalua Resort. Overall, Maui Land & Pineapple Company owns roughly 23,000 acres of land on the island of Maui, Hawaii.
Sector: Real Estate
Industry: Real Estate - Development
Maui Land & Pineapple Company, Inc.
NYSE:MLPReal Estate · Real Estate - Services
+0.28%$14.27
AH Close$14.27+0.00%vs close
AH Close$14.27+0.00%vs close
Mkt Cap$283.39M
Float6.24M
O/S19.86M
Inst Own23.7%
SI3.9%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$19.46M
Net Income-$10.58M
Total Assets$47.97M
Free Cash Flow-$484K
Debt & Equity
Debt 12%
Equity 88%
Total Debt$4.71M
Total Equity$33.06M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in MLP's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$47.97M
Liabilities$14.9M
Accounts Receivable$1.37M
Accounts Payable$2.77M
Inventory$0
PP&E (Net)$18.76M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | 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 | $19.46M | $11.56M | $9.29M | $20.96M | $12.44M | $7.54M | $10.04M | $11.04M | $24.38M | $47.36M | $22.79M | $33.01M | $15.21M | $16.16M | $14.54M | $41.95M | $50.35M | $78.83M | $154.07M | $178.9M | $186.68M | $153.25M | $168.67M | $155.47M | $172.58M | $140.1M | $146.2M | $142.5M | $130.5M | $136.34M | $125.58M | $125.88M |
| YoY Growth | 68.2% | 24.5% | -55.7% | 68.4% | 65.0% | -24.9% | -9.0% | -54.7% | -48.5% | 107.9% | -31.0% | 117.0% | -5.9% | 11.2% | -65.3% | -16.7% | -36.1% | -48.8% | -13.9% | -4.2% | 21.8% | -9.1% | 8.5% | -9.9% | 23.2% | -4.2% | 2.6% | 9.2% | -4.3% | 8.6% | -0.2% | - |
| Cost of Revenue | $13.81M | $7.59M | $6.55M | $6.17M | $5.6M | $4.93M | $5.44M | $6.92M | $7.03M | $13.2M | $7.91M | $8.34M | $10.36M | $8.04M | $10.56M | $29.72M | $47.88M | $80.88M | $92.56M | $104.74M | $109.95M | $107.4M | $109.35M | $116.58M | $118.69M | $93.97M | $93.5M | $94M | $90.2M | $75.28M | $70.94M | $67.62M |
| Gross Profit | $5.65M | $3.98M | $2.74M | $14.79M | $6.84M | $2.61M | $4.6M | $4.12M | $17.35M | $34.16M | $14.88M | $24.67M | $4.85M | $8.12M | $3.99M | $12.23M | $2.47M | -$2.04M | $61.51M | $74.16M | $76.72M | $45.85M | $59.32M | $38.89M | $53.89M | $46.13M | $52.7M | $48.5M | $40.3M | $61.06M | $54.64M | $58.26M |
| Gross Margin | 29.0% | 34.4% | 29.5% | 70.6% | 55.0% | 34.7% | 45.8% | 37.3% | 71.2% | 72.1% | 65.3% | 74.7% | 31.9% | 50.3% | 27.4% | 29.2% | 4.9% | -2.6% | 39.9% | 41.5% | 41.1% | 29.9% | 35.2% | 25.0% | 31.2% | 32.9% | 36.0% | 34.0% | 30.9% | 44.8% | 43.5% | 46.3% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1 | $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 | $4.74M | $10.61M | $7.28M | $4.07M | $8.75M | $4.55M | $5M | $4.95M | $4.71M | $8.71M | $3.43M | $2.72M | $3.88M | $3.07M | $7.06M | $11.09M | $24.05M | $58.91M | $54.45M | $58.47M | $52.87M | $44.97M | $50.29M | $44.41M | $38.52M | $34.11M | $34.9M | $31.8M | $32.7M | $33.69M | $31.95M | $30.92M |
| Other | $5.45M | $723K | $433K | $1.11M | -$3.54M | $614K | $396K | -$670K | -$1.06M | -$1.66M | -$3.43M | $9.43M | $10.94M | $13.12M | $4.55M | -$23.18M | $14.29M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $9M | $8.4M | $8.2M | $8M | $24.91M | $18.69M | $28.39M |
| Total Operating Expenses | $10.2M | $11.33M | $7.71M | $5.18M | $5.21M | $5.17M | $5.4M | $6.44M | $6.46M | $10.69M | $5.55M | $5.02M | $5.39M | $6.78M | $11.61M | -$12.09M | $38.34M | $58.91M | $54.45M | $58.47M | $52.87M | $44.97M | $50.29M | $44.41M | $38.52M | $43.12M | $43.3M | $40M | $40.7M | $58.6M | $50.65M | $59.31M |
| Operating Income (EBIT) | -$4.55M | -$7.35M | -$4.97M | $9.61M | $1.64M | -$2.55M | -$796K | -$4.5M | $11.09M | $23.47M | $9.33M | $19.91M | -$1.58M | -$1.48M | -$7.28M | $21.77M | -$35.87M | -$71.59M | -$1.39M | $15.69M | $23.85M | $878K | $9.02M | -$5.53M | $15.36M | $3.02M | $9.4M | $8.5M | -$400K | $2.45M | $4M | -$1.06M |
| Operating Margin | -23.4% | -63.6% | -53.5% | 45.8% | 13.2% | -33.8% | -7.9% | -40.7% | 45.5% | 49.6% | 41.0% | 60.3% | -10.4% | -9.2% | -50.1% | 51.9% | -71.2% | -90.8% | -0.9% | 8.8% | 12.8% | 0.6% | 5.4% | -3.6% | 8.9% | 2.2% | 6.4% | 6.0% | -0.3% | 1.8% | 3.2% | -0.8% |
| Interest Expense | $553K | $796K | $789K | $6K | $122K | $134K | $198K | $156K | $190K | $1.66M | $2.52M | $2.27M | $2.5M | $2.58M | $2.43M | $9.41M | $10.45M | $2.44M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.49M | $14K | $27K | $44K | $492K | $553K | $985K | $1.37M | $443K | $23K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$6.03M | -$37K | $1.89M | -$7.82M | -$4.84M | $285K | -$1.21M | -$670K | -$190K | -$1.66M | -$2.52M | -$2.27M | -$1.45M | -$2.33M | -$134K | $16.74M | -$57.15M | -$20.72M | $15.17M | -$4.75M | -$562K | -$1.86M | $2.61M | -$3.45M | -$4.49M | -$2.65M | -$2M | -$3M | $1.8M | -$3.58M | -$7.02M | -$5.68M |
| Income Before Tax (EBT) | -$10.58M | -$7.39M | -$3.08M | $1.79M | -$3.2M | -$2.27M | -$2.01M | -$4.65M | $10.9M | $21.81M | $6.81M | $17.64M | -$3.03M | -$3.81M | -$9.68M | $12.41M | -$93.01M | -$92.31M | $13.78M | $10.94M | $23.29M | -$985K | $6.48M | -$9.21M | $11.01M | $364K | $7.4M | $5.5M | $1.4M | -$1.12M | -$3.02M | -$6.74M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $5M | -$5M | $0 | $0 | $0 | $0 | -$1.87M | -$354K | -$134K | -$251K | -$4.58M | -$12.92M | $5.77M | $3.72M | $8.72M | -$528K | $2.61M | -$3.51M | $3.44M | -$88K | $2.7M | $1.2M | $500K | -$376K | -$1.47M | -$2.83M |
| Net Income | -$10.58M | -$7.39M | -$3.08M | $1.79M | -$3.42M | -$2.6M | -$10.37M | $347K | $10.9M | $21.81M | $6.81M | $17.64M | -$3.03M | -$3.81M | $5.08M | $24.75M | -$123.28M | -$79.4M | $8.01M | $7.22M | $14.57M | -$383K | $6M | -$5.71M | $7.57M | $452K | $4.7M | $3.6M | $900K | -$747K | -$1.56M | -$3.91M |
| Net Income Margin | -54.4% | -63.9% | -33.2% | 8.5% | -27.5% | -34.5% | -103.2% | 3.1% | 44.7% | 46.1% | 29.9% | 53.4% | -19.9% | -23.6% | 34.9% | 59.0% | -244.8% | -100.7% | 5.2% | 4.0% | 7.8% | -0.2% | 3.6% | -3.7% | 4.4% | 0.3% | 3.2% | 2.5% | 0.7% | -0.5% | -1.2% | -3.1% |
| Supplementary Data | ||||||||||||||||||||||||||||||||
| EPS | -0.54 | -0.38 | -0.16 | 0.09 | -0.17 | -0.12 | -0.37 | 0.02 | 0.57 | 1.15 | 0.36 | 0.94 | -0.16 | -0.20 | 0.27 | 1.99 | -15.33 | -9.98 | 1.03 | 1.00 | 2.02 | -0.05 | 0.83 | -0.79 | 1.05 | 0.06 | 0.65 | 0.50 | 0.12 | -0.10 | -0.22 | -0.55 |
| Diluted EPS | -0.54 | -0.38 | -0.16 | 0.09 | -0.17 | -0.12 | -0.37 | 0.02 | 0.57 | 1.15 | 0.36 | 0.94 | -0.16 | -0.20 | 0.27 | 1.99 | -15.33 | -9.98 | 1.02 | 0.98 | 1.99 | -0.05 | 0.83 | -0.79 | 1.05 | 0.06 | 0.65 | 0.50 | 0.12 | -0.10 | -0.22 | -0.55 |
| Weighted Average OS | 19.98M | 19.60M | 19.60M | 19.40M | 19.40M | 19.28M | 19.20M | 19.09M | 19.02M | 18.95M | 18.84M | 18.77M | 18.70M | 18.62M | 18.54M | 12.43M | 8.04M | 7.96M | 7.80M | 7.26M | 7.23M | 7.20M | 7.20M | 7.20M | 7.20M | 7.20M | 5.85M | 7.19M | 7.50M | 7.11M | 7.17M | 7.17M |
| EBITDA | -$8.89M | -$5.87M | -$1.51M | $3.94M | -$1.79M | -$1.82M | -$316K | -$2.94M | $13.03M | $26.46M | $11.64M | $22.42M | $2.33M | $1.98M | -$3.57M | $4.45M | -$88.43M | -$43.73M | $11.87M | $28.06M | $38.12M | $10.92M | $5.58M | $4.8M | $25.72M | $12.02M | $17.8M | $16.7M | $7.6M | $11.06M | $14.2M | $9.79M |
| EBITDA Margin | -45.7% | -50.8% | -16.2% | 18.8% | -14.4% | -24.2% | -3.1% | -26.6% | 53.4% | 55.9% | 51.1% | 67.9% | 15.3% | 12.3% | -24.5% | 10.6% | -175.6% | -55.5% | 7.7% | 15.7% | 20.4% | 7.1% | 3.3% | 3.1% | 14.9% | 8.6% | 12.2% | 11.7% | 5.8% | 8.1% | 11.3% | 7.8% |
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 | $5.29M | $6.83M | $5.7M | $8.5M | $5.6M | $869K | $683K | $624K | $1.03M | $602K | $1.09M | $415K | $359K | $829K | $890K | $2.1M | $1.88M | $13.67M | $1.99M | $1.14M | $7.22M | $11.53M | $7.86M | $658K | $2.17M | $351K | $2.7M | $3.4M | $1.6M | $453K | $166K | $2.27M |
| Short-Term Investments | $0 | $2.69M | $2.67M | $2.43M | $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 |
| Cash and Short-Term Investments | $5.29M | $9.52M | $8.37M | $10.93M | $5.6M | $869K | $683K | $624K | $1.03M | $602K | $1.09M | $415K | $359K | $829K | $890K | $2.1M | $1.88M | $13.67M | $1.99M | $1.14M | $7.22M | $11.53M | $7.86M | $658K | $2.17M | $351K | $2.7M | $3.4M | $1.6M | $453K | $166K | $2.27M |
| Accounts Receivable | $1.37M | $5.02M | $1.17M | $892K | $1.1M | $1.36M | $1.17M | $989K | $940K | $1.5M | $1.53M | $1.27M | $1.2M | $1.14M | $1.46M | $1.8M | $3.68M | $10.17M | $10.23M | $25.44M | $19.61M | $12.72M | $24.14M | $22.32M | $15.99M | $16.03M | $15.1M | $13M | $12.7M | $14.34M | $13.14M | $13.51M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $212K | $212K | $459K | $262K | $0 | $744K | $2.48M | $0 | $1.62M | $3.39M | $9.74M | $11.17M | $18.02M | $17.3M | $15.1M | $13.26M | $23.36M | $26.43M | $24.26M | $16.9M | $15.5M | $18.6M | $16.48M | $19.68M | $20.54M |
| Other Current Assets | $2.44M | $589K | $467K | $3.4M | $3.14M | $7.44M | $7.6M | $10.41M | $212K | $459K | $262K | $0 | $744K | $2.48M | $2.28M | $10.85M | $15.23M | $18.96M | $3.36M | $976K | $3.96M | $5.72M | $2.75M | $3.03M | $0 | $0 | $4.8M | $3.7M | $4.2M | $0 | $518K | $1.91M |
| Total Current Assets | $9.1M | $15.13M | $10M | $15.22M | $10.18M | $9.75M | $9.55M | $4.27M | $2.34M | $2.75M | $3.08M | $1.86M | $2.9M | $4.92M | $5.32M | $18.42M | $28.89M | $53.14M | $27.12M | $46.42M | $49.4M | $47.37M | $51.29M | $54.72M | $49.1M | $46.14M | $39.5M | $35.6M | $37.1M | $35.31M | $36.55M | $40.96M |
| Long-Term Assets | ||||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $18.76M | $17.4M | $16.06M | $15.88M | $17M | $18.51M | $19.72M | $29.22M | $30.68M | $25.74M | $32.52M | $36.07M | $40.18M | $45.5M | $48.64M | $61.42M | $84.71M | $116.24M | $140.55M | $129.85M | $96.94M | $93.9M | $95.05M | $112.2M | $113.05M | $109.72M | $101M | $89.9M | $87.6M | $86.61M | $88.56M | $180.19M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $968K | $2.07M | $551K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $41.68M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $10.51M | $11.43M | $13.72M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $48.19M | $44.8M | $38.88M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.36M | $976K | $3.96M | $5.72M | $2.75M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $20.11M | $16.64M | $14.09M | $10.76M | $10.74M | $10.21M | $9.85M | -$33.58M | -$33.02M | -$28.5M | $11M | $11.35M | $10.67M | $11.07M | $10.11M | $10.56M | $14.45M | $37.14M | $100.14M | $42.95M | $35.71M | $13.93M | $12.6M | $17.27M | $14.29M | $14.09M | $12.9M | $10.7M | $10M | $419K | $541K | $541K |
| Total Long-Term Assets | $38.87M | $35.01M | $32.22M | $27.19M | $27.74M | $28.72M | $29.57M | $43.83M | $42.46M | $36.13M | $43.51M | $47.41M | $50.85M | $56.57M | $58.75M | $71.99M | $99.16M | $195.06M | $244.06M | $173.78M | $136.6M | $113.55M | $110.39M | $129.47M | $127.33M | $123.81M | $113.9M | $100.6M | $97.6M | $97.54M | $100.53M | $194.45M |
| 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 | $47.97M | $50.14M | $42.22M | $42.41M | $37.92M | $38.47M | $39.12M | $48.1M | $44.8M | $38.88M | $46.6M | $49.27M | $53.75M | $61.48M | $64.07M | $90.41M | $128.05M | $248.2M | $271.18M | $220.2M | $186M | $160.92M | $161.68M | $184.19M | $176.43M | $169.95M | $153.4M | $136.2M | $134.7M | $132.85M | $137.09M | $235.41M |
| Liabilities | ||||||||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||||||||
| Accounts Payable | $2.77M | $2.32M | $1.15M | $589K | $580K | $899K | $1.36M | $2.02M | $696K | $569K | $675K | $968K | $995K | $1.34M | $1.22M | $4.88M | $6.58M | $8.18M | $15.78M | $16.14M | $18.42M | $12.7M | $12.43M | $13.06M | $10.53M | $8.48M | $12.5M | $6.6M | $6.2M | $7.66M | $5.76M | $5.6M |
| Short-Term Debt | $85K | $3.08M | $0 | $0 | $0 | $200K | $0 | $1.24M | $0 | $0 | $40.56M | $2.53M | $49M | $4.07M | $0 | $0 | $0 | $46.05M | $1.63M | $1.41M | $837K | $3.31M | $3.85M | $6.85M | $3.76M | $3.51M | $3.1M | $2.8M | $3M | $53K | $0 | $27.95M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $443K | $473K | $566K | $1.42M | $2.46M | $2.77M | $4.02M | $2.63M | $1.49M | $992K | $346K | $2.52M | $175K | $1.85M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $833K | $4.01M | $217K | $227K | $217K | $260K | $0 | $979K | $215K | $409K | $811K | $1.08M | $2.22M | $2.46M | $108K | $24.1M | $4.27M | $4.99M | $6.68M | $1.21M | $11.38M | $13.02M | $4.32M | $3.45M | $988K | $0 | $0 | $0 | $0 | -$1.2M | -$1.26M | -$29.39M |
| Other Current Liabilities | $2.41M | $730K | $607K | $622K | $651K | $618K | $668K | $460K | $203K | $1.05M | $1.2M | $1.45M | $3.8M | $626K | $1.02M | $3M | $3.3M | -$516K | $7.03M | $6.42M | $7.19M | $5.67M | $7.11M | $5.87M | $7.51M | $14.85M | $10.9M | $7.2M | $7.7M | $0 | $0 | $0 |
| Total Current Liabilities | $7.36M | $11.2M | $2.48M | $2.31M | $2.4M | $2.95M | $2.95M | $4.7M | $1.85M | $2.4M | $43.86M | $5.96M | $54.6M | $14.69M | $12.5M | $44.14M | $28.04M | $67.58M | $28.3M | $27.42M | $40.5M | $36.19M | $27.72M | $29.22M | $23.64M | $26.83M | $26.5M | $16.6M | $16.9M | $15.84M | $13.13M | $42.06M |
| Long-Term Liabilities | ||||||||||||||||||||||||||||||||
| Long-Term Debt | $4.1M | $168K | $0 | $0 | $0 | $0 | $1.03M | $0 | $1.24M | $6.86M | $0 | $47.64M | $0 | $45.2M | $45.52M | $45.2M | $94.22M | $88.96M | $58.45M | $49.66M | $10.28M | $13.57M | $22.3M | $42.26M | $38.3M | $41.01M | $25.5M | $23.6M | $29.5M | $27.35M | $34.5M | $96.14M |
| Long-Term Unearned Revenue | $1.1M | $1.23M | $1.37M | $1.5M | $1.63M | $1.77M | $0 | $17.27M | $215K | $409K | $811K | $0 | $0 | $0 | $0 | $0 | $46.34M | $4.99M | $0 | $0 | -$8.92M | -$3.04M | -$2.38M | $0 | $0 | $0 | $0 | $0 | $0 | $21.98M | $22.59M | $22.08M |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7.87M | $9.06M | $0 | $0 | $0 | $0 | $0 | $0 | $28.08M | $43.8M | $9.46M | $4.57M | $8.92M | $3.04M | $2.38M | $0 | $0 | $0 | $0 | $0 | $0 | $850K | $504K | $1.85M |
| Other Long-Term Liabilities | $1.93M | $4.36M | $3.67M | $4.83M | $10.3M | $13.69M | $12.44M | $12.48M | $10.36M | $11.48M | $12.87M | $10.85M | $26.39M | $35.96M | $32.31M | $25.29M | $35.78M | $9.2M | $43.06M | $37.59M | $34.6M | $35.62M | $31.7M | $47.8M | $39.23M | $35.78M | $34.6M | $33.5M | $29.4M | $7.25M | $5.76M | $9.82M |
| Total Long-Term Liabilities | $7.54M | $5.76M | $5.04M | $6.33M | $11.93M | $15.46M | $13.47M | $12.48M | $11.81M | $18.74M | $13.68M | $58.49M | $26.39M | $81.16M | $77.83M | $70.51M | $176.95M | $148.93M | $112.6M | $91.88M | $53.8M | $52.61M | $57.09M | $91.05M | $78.81M | $76.79M | $60.1M | $57.1M | $58.9M | $58.98M | $65.09M | $132.93M |
| 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 | $14.9M | $16.96M | $7.52M | $8.63M | $14.33M | $18.4M | $16.43M | $17.18M | $13.66M | $21.14M | $57.54M | $64.45M | $80.98M | $95.85M | $90.33M | $114.65M | $204.99M | $216.51M | $140.91M | $119.29M | $94.3M | $88.8M | $84.81M | $120.27M | $102.44M | $103.63M | $86.6M | $73.7M | $75.8M | $74.82M | $78.22M | $174.98M |
| 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 | $87.58M | $85.88M | $84.68M | $83.39M | $82.38M | $81.48M | $80.61M | $79.41M | $78.58M | $78.12M | $77.63M | $77.11M | $76.81M | $76.41M | $75.93M | $75.46M | $35.44M | $34.79M | $34.17M | $15.17M | $14.19M | $13.34M | $12.46M | $12.46M | $12.46M | $12.46M | $12.5M | $0 | $0 | $12.32M | $12.32M | $12.32M |
| Retained Earnings | -$71.59M | -$61.01M | -$53.62M | -$50.54M | -$52.32M | -$48.9M | -$46.3M | -$35.93M | -$36.43M | -$47.33M | -$69.15M | -$75.96M | -$93.59M | -$92.43M | -$87.83M | -$91.97M | -$116.72M | $6.56M | $90.58M | $82.77M | $75.54M | $60.97M | $61.35M | $55.36M | $61.07M | $53.5M | $53.9M | $50.2M | $46.6M | $45.72M | $46.55M | $48.11M |
| Comprehensive Income & Other | -$276K | -$6.89M | -$6.9M | -$8.27M | -$15.65M | -$21.7M | -$20.8M | -$21.8M | -$20.25M | -$22.3M | -$28.67M | -$25.57M | -$19.69M | -$27.58M | -$23.57M | -$16.89M | -$4.67M | -$18.02M | -$1.25M | -$2.31M | -$1.48M | -$4.14M | -$2.46M | -$5.07M | -$102K | -$31K | -$124M | -$120M | -$112M | -$104.39M | -$96.62M | -$94.3M |
| Other Stockholders' Equity | $17.07M | $8.31M | $3.64M | $917K | -$6.46M | -$12.51M | -$11.61M | -$12.56M | -$11.01M | -$13.05M | -$19.42M | -$16.33M | -$10.45M | -$18.34M | -$14.36M | -$7.74M | $4.34M | -$9.66M | $5.52M | $2.44M | $1.45M | -$2.69M | -$2.27M | -$5.07M | -$102K | -$31K | $0 | $12.3M | $12.3M | $0 | $0 | $0 |
| Total Equity | $33.06M | $33.18M | $34.7M | $33.77M | $23.59M | $20.07M | $22.69M | $30.92M | $31.14M | $17.74M | -$10.94M | -$15.18M | -$27.23M | -$34.36M | -$26.25M | -$24.25M | -$76.94M | $31.69M | $130.27M | $100.37M | $91.18M | $71.62M | $71.54M | $62.74M | $73.42M | $65.92M | $66.4M | $62.5M | $58.9M | $58.03M | $58.87M | $60.43M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $611K | $206K | $6.25M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $538K | $517K | $504K | $5.33M | $1.19M | $570K | $404K | $400K | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $47.97M | $50.14M | $42.22M | $42.41M | $37.92M | $38.47M | $39.12M | $48.1M | $44.8M | $38.88M | $46.6M | $49.27M | $53.75M | $61.48M | $64.07M | $90.41M | $128.05M | $248.2M | $271.18M | $219.66M | $185.48M | $160.42M | $156.35M | $183.01M | $175.86M | $169.55M | $153M | $136.2M | $134.7M | $132.85M | $137.09M | $235.41M |
| Supplementary Data | ||||||||||||||||||||||||||||||||
| Total Debt | $4.71M | $3.25M | $0 | $0 | $0 | $200K | $1.03M | $1.24M | $1.24M | $6.86M | $40.56M | $50.18M | $49M | $49.27M | $45.52M | $45.37M | $96.64M | $138.04M | $61.71M | $51.13M | $11.12M | $17.27M | $26.85M | $50.1M | $43.34M | $44.52M | $28.6M | $26.4M | $32.5M | $30.15M | $37.49M | $128.57M |
| Net Debt | -$589K | -$3.58M | -$5.7M | -$8.5M | -$5.6M | -$669K | $352K | $611K | $206K | $6.25M | $39.48M | $49.76M | $48.64M | $48.44M | $44.63M | $43.28M | $94.76M | $124.37M | $59.72M | $49.98M | $3.9M | $5.74M | $18.98M | $49.44M | $41.17M | $44.17M | $25.9M | $23M | $30.9M | $29.7M | $37.32M | $126.3M |
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 | -$10.58M | -$7.39M | -$3.08M | $1.79M | -$3.42M | -$2.6M | -$7.01M | $498K | $10.9M | $21.81M | $6.81M | $17.64M | -$1.16M | -$4.6M | $5.08M | $24.75M | -$123.28M | -$79.4M | $8.01M | $7.22M | $14.57M | -$383K | $6M | -$5.71M | $7.57M | $452K | $4.7M | $4.3M | $900K | -$747K | -$1.56M | -$3.91M |
| Depreciation & Amortization | $1.14M | $723K | $785K | $1.12M | $1.3M | $1.4M | $1.5M | $1.56M | $1.94M | $2.99M | $2.31M | $2.51M | $2.87M | $3.22M | $4.03M | $8.49M | $25.03M | $13.13M | $11.87M | $12.37M | $14.26M | $10.04M | $12.18M | $11.07M | $10.23M | $9M | $8.4M | $8.2M | $8M | $8.61M | $10.2M | $10.85M |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$303K | $1.14M | -$1.74M | -$1.67M | $1.77M | -$19.56M | -$25.53M | $68.18M | -$4.08M | $1.91M | -$906K | $6.15M | -$1.32M | $589K | -$349K | $1.79M | -$776K | $600K | -$500K | -$5.3M | -$389K | -$1.47M | -$851K |
| Stock-Based Compensation | $4.12M | $5.56M | $2.6M | $855K | $705K | $676K | $0 | $563K | $448K | $315K | $187K | $271K | $425K | $489K | $646K | $735K | $1.5M | $2.75M | $4.68M | $2.06M | $2.29M | $2.14M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||||||||||
| Accounts Receivable | $3M | -$4.08M | -$416K | $183K | $191K | -$388K | -$184K | $43K | $563K | $25K | -$256K | -$69K | -$65K | $326K | $131K | $1.9M | $2.06M | $1.03M | $13.45M | -$629K | -$6.62M | $11.35M | -$3.89M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$2.5M | -$443K | -$30K | -$93K | -$855K | -$1.04M | -$309K | $1.56M | $1.77M | $6.35M | $1.52M | $6.86M | -$719K | -$2.21M | -$699K | $10.1M | $3.02M | -$2.17M | -$6.66M | -$2.4M | $5.2M | -$1.2M | $3.19M | $862K | $575K |
| Accounts Payable | $936K | $873K | $102K | $9K | -$319K | -$457K | -$668K | $1.33M | $127K | -$106K | -$293K | $4K | -$354K | $257K | -$3.39M | -$1.45M | -$1.72M | -$4.41M | $1.16M | -$14.72M | $3.34M | $10.29M | $3.77M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $2.99M | $4.44M | $108K | $2.12M | $2.47M | $3.18M | $7.09M | -$890K | $1.51M | $8.86M | $631K | -$20.77M | -$1.82M | -$2.92M | -$2.45M | -$3.77M | $6.14M | -$3.98M | $6.92M | $206K | $2.8M | -$4.89M | $6.42M | -$5.56M | -$1.72M | -$1.24M | $6.2M | -$900K | $0 | -$2.75M | -$738K | -$4.68M |
| Total Working Capital Change | $6.93M | $1.23M | -$206K | $2.31M | $2.34M | $2.33M | $6.24M | -$2.02M | $1.76M | $8.75M | -$11K | -$21.69M | -$3.28M | -$2.65M | -$4.15M | -$1.55M | $12.82M | -$5.84M | $28.39M | -$15.86M | -$2.69M | $16.05M | $16.39M | -$2.54M | -$3.88M | -$7.9M | $3.8M | $4.3M | -$1.2M | $442K | $124K | -$4.1M |
| Other Non-Cash Items | $475K | $244K | -$1.47M | $195K | $461K | $395K | $1.05M | $280K | -$6.69M | $315K | $187K | $271K | -$773K | -$2M | $3.74M | -$16.28M | -$114K | $21.64M | -$62.44M | -$25.13M | -$24.72M | $1.09M | -$18.98M | $530K | $251K | $912K | $1M | $1.5M | -$100K | $3.84M | -$5.15M | $9.55M |
| Net Cash from Operating | $2.08M | $370K | -$1.37M | $6.26M | $1.39M | $2.2M | $1.77M | $882K | $8.35M | $33.88M | $10.62M | -$2.74M | -$3.59M | -$3.77M | -$10.22M | -$9.39M | -$15.87M | -$51.8M | -$7.58M | -$20.23M | $9.87M | $27.62M | $16.19M | $3M | $15.95M | $1.69M | $18.5M | $17.6M | $3.5M | $11.75M | $2.14M | $11.54M |
| Investing Activities | ||||||||||||||||||||||||||||||||
| Capital Expenditures | -$2.56M | -$1.87M | -$618K | $0 | -$29K | -$81K | -$990K | -$311K | -$1.52M | -$268K | -$9K | -$31K | -$4K | -$209K | -$1.02M | -$4.28M | -$1.2M | -$13.91M | -$24.44M | -$45.87M | -$16.89M | -$11.36M | -$6.74M | -$10.4M | -$13.36M | -$18.18M | -$18.2M | -$8.2M | -$8.4M | -$5.28M | -$5.68M | -$43.49M |
| Acquisitions | $0 | -$3.19M | -$3.11M | -$3.08M | $0 | $0 | $0 | $0 | $0 | $0 | $52K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$15K | $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 | -$2.7M | -$1.6M | -$1.8M | -$275K | -$3.26M | -$4.98M |
| Sales of Investments | $0 | $3.62M | $2.96M | $97K | $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 Investing Activities | -$801K | -$661K | -$94K | -$33K | $4.13M | -$436K | $0 | -$395K | -$1.52M | -$63K | $43K | $2.21M | $3.79M | $311K | $10.2M | $6.43M | $4.95M | -$3.32M | $8.8M | $19.38M | $8.88M | -$1.84M | $20.52M | -$1.49M | $624K | -$141K | -$100K | $100K | $6.3M | $4.85M | $15.31M | $7.91M |
| Net Cash from Investing | -$3.38M | -$2.1M | -$864K | -$3.02M | $4.1M | -$517K | -$990K | -$706K | -$1.52M | -$331K | $43K | $2.18M | $3.79M | $102K | $9.17M | $2.16M | $3.75M | -$17.23M | -$15.64M | -$26.49M | -$8M | -$13.2M | $13.78M | -$11.89M | -$12.73M | -$18.32M | -$21M | -$9.7M | -$3.9M | -$711K | $6.37M | -$40.56M |
| Financing Activities | ||||||||||||||||||||||||||||||||
| Debt Repaid | -$849K | $21K | - | - | $200K | $835K | $200K | - | $5.62M | $33.71M | $9.61M | -$1.18M | $268K | -$3.75M | -$147K | $52.97M | $44.07M | -$82.38M | -$8.54M | -$39.92M | $6.18M | $9.58M | $23.25M | -$6.76M | $2.34M | -$15.26M | -$2.1M | $6.2M | -$1.6M | $10.67M | $10.62M | -$30.07M |
| Common Stock Issuance | -$268K | $0 | $0 | $0 | $0 | $0 | $130K | -$581K | -$780K | -$323K | -$381K | -$562K | -$407K | -$137K | -$301K | $40M | $0 | $0 | $16.37M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $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 |
| 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 | -$899K | -$900K | $0 | $0 | -$90K | $0 | $0 |
| Other Financing Activities | -$821K | -$111K | -$574K | -$335K | -$560K | -$662K | -$653K | -$581K | -$780K | -$323K | -$381K | -$562K | -$407K | -$137K | -$301K | $20.41M | $46.75M | -$1.67M | -$840K | $726K | $0 | -$1.17M | $490K | $617K | $941K | -$42K | $600K | $100K | $0 | $0 | $0 | $0 |
| Net Cash from Financing | -$240K | $2.87M | -$574K | -$335K | -$760K | -$1.5M | -$723K | -$581K | -$6.4M | -$34.03M | -$9.99M | $614K | -$675K | $3.61M | -$154K | $7.44M | $337K | $80.7M | $24.07M | $40.65M | -$6.18M | -$10.75M | -$22.76M | $7.38M | -$1.4M | $14.32M | $1.8M | -$6.1M | $1.6M | -$10.76M | -$10.62M | $30.07M |
| 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 | -$7.9M | $400K | $0 | $0 | $0 |
| Net Change in Cash | -$1.54M | $1.14M | -$2.81M | $2.91M | $4.73M | $186K | $59K | -$405K | $427K | -$485K | $672K | $56K | -$470K | -$61K | -$1.21M | $214K | -$11.79M | $11.68M | $848K | -$6.07M | -$4.32M | $3.67M | $7.21M | -$1.51M | $1.82M | -$2.31M | -$700K | -$6.1M | $1.6M | $287K | -$2.1M | $1.05M |
| Supplementary Data | ||||||||||||||||||||||||||||||||
| Operating Cash Flow | $2.08M | $370K | -$1.37M | $6.26M | $1.39M | $2.2M | $1.77M | $882K | $8.35M | $33.88M | $10.62M | -$2.74M | -$3.59M | -$3.77M | -$10.22M | -$9.39M | -$15.87M | -$51.8M | -$7.58M | -$20.23M | $9.87M | $27.62M | $16.19M | $3M | $15.95M | $1.69M | $18.5M | $17.6M | $3.5M | $11.75M | $2.14M | $11.54M |
| Capital Expenditure | -$2.56M | -$1.87M | -$618K | $0 | -$29K | -$81K | -$712K | -$311K | -$1.52M | -$268K | -$9K | -$31K | -$4K | -$209K | -$1.02M | -$4.28M | -$1.2M | -$13.91M | -$24.44M | -$45.87M | -$16.89M | -$11.36M | -$6.74M | -$10.4M | -$13.36M | -$18.18M | -$18.2M | -$8.2M | -$8.4M | -$5.28M | -$5.68M | -$43.49M |
| Free Cash Flow | -$484K | -$1.5M | -$1.99M | $6.26M | $1.36M | $2.12M | $1.06M | $571K | $6.83M | $33.61M | $10.61M | -$2.77M | -$3.59M | -$3.98M | -$11.25M | -$13.66M | -$17.07M | -$65.71M | -$32.02M | -$66.11M | -$7.02M | $16.26M | $9.45M | -$7.4M | $2.6M | -$16.49M | $300K | $9.4M | -$4.9M | $6.47M | -$3.54M | -$31.95M |
| Cash at Beginning | $6.83M | $5.7M | $8.51M | $5.6M | $869K | $683K | $624K | $1.03M | $602K | $1.09M | $415K | $359K | $829K | $890K | $2.1M | $1.88M | $13.67M | $1.99M | $1.14M | $7.22M | $11.53M | $7.86M | $658K | $2.17M | $351K | $2.66M | $3.4M | $1.6M | $500K | $166K | $2.27M | $1.22M |
| Cash at End | $5.29M | $6.83M | $5.7M | $8.51M | $5.6M | $869K | $683K | $624K | $1.03M | $602K | $1.09M | $415K | $359K | $829K | $890K | $2.1M | $1.88M | $13.67M | $1.99M | $1.14M | $7.22M | $11.53M | $7.86M | $658K | $2.17M | $351K | $2.7M | -$4.5M | $2.1M | $453K | $166K | $2.27M |