Stereotaxis, Inc. (STXS)
Stereotaxis, Inc. designs, manufactures and markets robotic magnetic navigation systems for use in a hospital's interventional surgical suite to enhance the treatment of arrhythmias and coronary artery disease. Its products include the Genesis RMN System, the Odyssey Solution, and related devices. The firm also offers the Stereotaxis Imaging Model S x-ray System. The company was founded in June 1990 and is headquartered in St. Louis, MO.
Sector: Electromedical & Electrotherapeutic Apparatus
Industry: Medical - Instruments & Supplies
Stereotaxis, Inc.
NYSE:STXSHealthcare · Medical - Equipment & Services
+2.20%$1.02
AH Close$1.02+0.00%vs close
AH Close$1.02+0.00%vs close
Mkt Cap$102.21M
Float80.94M
O/S100.2M
Inst Own41.3%
SI7.0%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$32.38M
Net Income-$21.64M
Total Assets$52.25M
Free Cash Flow-$13.78M
Debt & Equity
Debt 18%
Equity 64%
Preferred 18%
Total Debt$5.44M
Total Equity$18.72M
Preferred Stock$5.24M
Shares Outstanding
Short Interest
Split History2 splits · 1 reverse
- 1.3:1Forward splitSep 15, 20151 share → 1.3
- 1:10Reverse splitJul 11, 201210 shares → 1
Balance Sheet Details
Assets$52.25M
Liabilities$33.53M
Accounts Receivable$10.16M
Accounts Payable$4.77M
Inventory$9.57M
PP&E (Net)$7.93M
Goodwill$3.76M
Intangible Assets$6.43M
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Revenue | $32.38M | $26.92M | $26.77M | $28.15M | $35.02M | $26.63M | $28.9M | $29.35M | $31.14M | $32.16M | $37.67M | $35.01M | $38.03M | $46.56M | $41.99M | $54.05M | $51.15M | $40.37M | $39.3M | $27.19M | $15.03M | $18.82M | $5.01M | $19K | $0 | $0 |
| YoY Growth | 20.3% | 0.5% | -4.9% | -19.6% | 31.5% | -7.9% | -1.5% | -5.8% | -3.2% | -14.6% | 7.6% | -7.9% | -18.3% | 10.9% | -22.3% | 5.7% | 26.7% | 2.7% | 44.5% | 81.0% | -20.1% | 275.2% | 26433.7% | - | - | - |
| Cost of Revenue | $15.31M | $12.32M | $11.91M | $9.68M | $11.79M | $7.66M | $6.14M | $5.72M | $10.75M | $7.53M | $10.44M | $8.22M | $11M | $14.78M | $12.5M | $15.56M | $17.02M | $14.18M | $15.35M | $12.89M | $7.72M | $10.67M | $4.05M | $40K | $0 | $0 |
| Gross Profit | $17.07M | $14.59M | $14.86M | $18.47M | $23.23M | $18.97M | $22.77M | $23.63M | $20.39M | $24.63M | $27.24M | $26.79M | $27.03M | $31.78M | $29.49M | $38.49M | $34.13M | $26.19M | $23.95M | $14.3M | $7.31M | $8.14M | $964K | -$21K | $0 | $0 |
| Gross Margin | 52.7% | 54.2% | 55.5% | 65.6% | 66.3% | 71.2% | 78.8% | 80.5% | 65.5% | 76.6% | 72.3% | 76.5% | 71.1% | 68.3% | 70.2% | 71.2% | 66.7% | 64.9% | 60.9% | 52.6% | 48.6% | 43.3% | 19.2% | -110.4% | - | - |
| Research and Development | $9.38M | $9.76M | $10.27M | $10.56M | $10.2M | $8.14M | $9.02M | $8.22M | $4.76M | $5.49M | $6.25M | $5.16M | $5.67M | $8.41M | $12.89M | $12.24M | $14.26M | $17.42M | $25.47M | $21.79M | $17.83M | $18.44M | $13.54M | $14.33M | $13.83M | $8.87M |
| Selling, General, and Administrative | $30.29M | $29.57M | $26.43M | $26.69M | $25.92M | $17.54M | $18.57M | $17.87M | $21.55M | $25.57M | $26.39M | $27.01M | $30.2M | $34M | $48.54M | $45.2M | $43.71M | $49.78M | $47.72M | $39.18M | $30.56M | $17.28M | $11.37M | $7.18M | $0 | $2.01M |
| Other | -$492K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $212K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.92M | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $39.18M | $39.33M | $36.7M | $37.25M | $36.12M | $25.68M | $27.59M | $26.09M | $26.31M | $31.06M | $32.65M | $32.17M | $35.87M | $42.41M | $61.43M | $57.45M | $57.97M | $67.2M | $73.19M | $60.97M | $51.31M | $35.72M | $24.91M | $21.5M | $13.83M | $10.88M |
| Operating Income (EBIT) | -$22.11M | -$24.74M | -$21.84M | -$18.78M | -$12.89M | -$6.71M | -$4.83M | -$2.46M | -$5.92M | -$6.43M | -$5.41M | -$5.38M | -$8.84M | -$10.63M | -$31.94M | -$18.96M | -$23.84M | -$41.02M | -$49.24M | -$46.67M | -$44M | -$27.57M | -$23.95M | -$21.52M | -$17.96M | -$10.88M |
| Operating Margin | -68.3% | -91.9% | -81.6% | -66.7% | -36.8% | -25.2% | -16.7% | -8.4% | -19.0% | -20.0% | -14.4% | -15.4% | -23.2% | -22.8% | -76.1% | -35.1% | -46.6% | -101.6% | -125.3% | -171.6% | -292.8% | -146.5% | -477.6% | -113873.4% | - | - |
| Interest Expense | $0 | $0 | $0 | $0 | $10K | $0 | $0 | $17K | $180K | $2.48M | $3.28M | $3.34M | $7.17M | $6.89M | $3.52M | $3.04M | $4.61M | $3.06M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $467K | $694K | $1.1M | $484K | $0 | $67K | $236K | $0 | $0 | $368 | $2K | $7K | $6K | $7K | $9K | $11K | $45K | $195K | $1.47M | $2.13M | $950K | $811K | $375K | $434K | $951K | $0 |
| Other Income (Expense) | $469K | $694K | $1.13M | $484K | $2.17M | $67K | $236K | $2.57M | $32K | $1.14M | -$1.94M | $182K | -$59.92M | $1.39M | -$90K | -$964K | -$3.66M | $41.02M | $49.24M | $46.67M | -$2.92M | $27.57M | $23.95M | $21.52M | $951K | $1.33M |
| Income Before Tax (EBT) | -$21.64M | -$24.05M | -$20.71M | -$18.29M | -$10.72M | -$6.65M | -$4.59M | $117K | -$5.89M | -$5.29M | -$7.35M | -$5.2M | -$68.76M | -$9.24M | -$32.03M | -$19.92M | -$27.49M | -$43.89M | -$48.12M | -$45.72M | -$43.56M | -$27.26M | -$24.04M | -$21.46M | -$17.01M | -$9.55M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $43.89M | $48.12M | $45.72M | $43.56M | $27.26M | $24.04M | $21.46M | $0 | $0 |
| Net Income | -$21.64M | -$24.05M | -$20.71M | -$18.29M | -$10.72M | -$6.65M | -$4.59M | $117K | -$5.89M | -$5.29M | -$7.35M | -$5.2M | -$68.76M | -$9.24M | -$32.03M | -$19.92M | -$27.49M | -$43.89M | -$48.12M | -$45.72M | -$43.56M | -$27.26M | -$24.04M | -$21.46M | -$17.01M | -$9.55M |
| Net Income Margin | -66.8% | -89.3% | -77.4% | -65.0% | -30.6% | -25.0% | -15.9% | 0.4% | -18.9% | -16.4% | -19.5% | -14.9% | -180.8% | -19.8% | -76.3% | -36.9% | -53.8% | -108.7% | -122.5% | -168.1% | -289.9% | -144.9% | -479.3% | -113537.9% | - | - |
| Supplementary Data | ||||||||||||||||||||||||||
| EPS | -0.25 | -0.30 | -0.27 | -0.26 | -0.16 | -0.11 | -0.07 | 0.00 | -0.26 | -0.24 | -0.35 | -0.26 | -5.95 | -1.25 | -5.48 | -3.70 | -5.95 | -11.26 | -12.62 | -13.01 | -14.97 | -22.30 | -172.35 | -180.24 | -215.92 | -193.71 |
| Diluted EPS | -0.25 | -0.30 | -0.27 | -0.26 | -0.16 | -0.11 | -0.07 | 0.00 | -0.26 | -0.24 | -0.35 | -0.26 | -5.95 | -1.25 | -5.48 | -3.70 | -5.95 | -11.26 | -12.62 | -13.01 | -14.97 | -22.30 | -172.35 | -180.24 | -215.92 | -193.71 |
| Weighted Average OS | 90.96M | 85.18M | 80.70M | 76.06M | 75.56M | 72.75M | 63.05M | 52.08M | 22.61M | 21.81M | 21.01M | 19.95M | 11.55M | 7.40M | 5.84M | 5.38M | 4.62M | 3.90M | 3.81M | 3.51M | 2.91M | 1.22M | 139,465 | 119,059 | 78,756 | 49,296 |
| EBITDA | -$20.09M | -$23.08M | -$20.12M | -$17.86M | -$10.6M | -$6.59M | -$4.7M | -$1.78M | -$5.09M | -$5.86M | -$4.35M | -$4.67M | -$7.62M | -$9.03M | -$26.75M | -$14.96M | -$20.7M | -$38.45M | -$45.88M | -$45.07M | -$41.89M | -$26.69M | -$23.45M | -$21.12M | -$13.83M | -$10.88M |
| EBITDA Margin | -62.0% | -85.7% | -75.1% | -63.5% | -30.3% | -24.7% | -16.3% | -6.1% | -16.3% | -18.2% | -11.5% | -13.3% | -20.0% | -19.4% | -63.7% | -27.7% | -40.5% | -95.3% | -116.8% | -165.7% | -278.7% | -141.8% | -467.5% | -111721.2% | - | - |
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 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 | 2000-12-31 |
| Assets | |||||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||||
| Cash and Cash Equivalents | $13.42M | $12.22M | $19.82M | $8.59M | $38.74M | $43.94M | $30.18M | $10.8M | $3.69M | $8.5M | $5.59M | $7.27M | $13.78M | $7.78M | $13.95M | $35.25M | $30.55M | $30.36M | $17.02M | $15.21M | $5.21M | $16.91M | $21.36M | $28.83M | $0 |
| Short-Term Investments | $0 | $0 | $0 | $19.84M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $6.63M | $21.77M | $5.52M | $28.74M | $5.12M | $0 | $0 |
| Cash and Short-Term Investments | $13.42M | $12.22M | $19.82M | $28.43M | $38.74M | $43.94M | $30.18M | $10.8M | $3.69M | $8.5M | $5.59M | $7.27M | $13.78M | $7.78M | $13.95M | $35.25M | $30.55M | $30.36M | $23.66M | $36.98M | $10.74M | $45.65M | $26.48M | $28.83M | $0 |
| Accounts Receivable | $10.16M | $3.82M | $3.82M | $5.09M | $5.41M | $3.52M | $5.33M | $5.02M | $4.29M | $4.67M | $6.38M | $6.48M | $7.56M | $11.57M | $11.16M | $13.95M | $11.22M | $9.94M | $13.89M | $15.44M | $6.36M | $8.61M | $715K | $436K | $0 |
| Inventory | $9.57M | $8.33M | $8.43M | $7.88M | $4.43M | $3.3M | $1.85M | $1.19M | $1.15M | $5.38M | $4.5M | $6.37M | $4.88M | $5.1M | $6.04M | $5.44M | $4.4M | $8.09M | $9.96M | $8.29M | $9.4M | $4.67M | $4.43M | $2.36M | $0 |
| Other Current Assets | $698K | $1.28M | $623K | $525K | $570K | $251K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.12M | $2.62M | $4.16M | $3.14M | $0 | $726K | $1.16M | $2M | $174K | $0 | $0 | $0 |
| Total Current Assets | $33.85M | $26.44M | $33.27M | $43.25M | $51.39M | $52.72M | $38.83M | $17.97M | $9.87M | $19.4M | $17.26M | $21.22M | $28.16M | $27.94M | $34.24M | $59.19M | $50.04M | $51.35M | $50.94M | $63.29M | $31.63M | $61.46M | $32.5M | $32.1M | $0 |
| Long-Term Assets | |||||||||||||||||||||||||
| Property, Plant & Equipment Net | $7.93M | $9.06M | $8.29M | $9.21M | $8.37M | $2.43M | $4.54M | $344K | $593K | $1.09M | $1.07M | $895K | $1.18M | $2.14M | $3.32M | $3.84M | $4.79M | $6.42M | $7.01M | $4.13M | $3.08M | $1.56M | $2.31M | $700K | $0 |
| Goodwill | $3.76M | $3.76M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.98B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $6.43M | $7.36M | $0 | $0 | $0 | $0 | $0 | $0 | $159K | $437K | $636K | $1.38M | $1.68M | $1.98B | $2.28M | $2.58M | $1.14M | $1.28M | $1.41M | $1.54M | $1.68M | $1.81M | $1.94M | $0 | $0 |
| Long-Term Investments | $0 | $0 | $219K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $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 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $278K | $107K | $137K | $952K | $1.23M | $309K | $218K | $198K | $44K | $39K | $264K | $389K | $55K | $106K | $93K | $148K | $144K | $397K | $1.12M | $322K | $274K | $6.35M | $567K | $120K | $25.17M |
| Total Long-Term Assets | $18.4M | $20.29M | $8.64M | $10.17M | $9.6M | $2.74M | $4.75M | $542K | $797K | $1.56M | $1.97M | $2.66M | $2.92M | $4.23M | $5.7M | $6.57M | $6.08M | $8.09M | $9.54M | $6M | $5.03M | $9.72M | $4.82M | $820K | $25.17M |
| 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 |
| Total Assets | $52.25M | $46.72M | $41.91M | $53.41M | $60.98M | $55.46M | $43.58M | $18.51M | $10.67M | $20.97M | $19.23M | $23.88M | $31.08M | $32.17M | $39.93M | $65.76M | $56.12M | $59.44M | $60.48M | $69.29M | $36.66M | $71.19M | $37.32M | $32.92M | $25.17M |
| Liabilities | |||||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||||
| Accounts Payable | $4.77M | $5.67M | $3.19M | $3.27M | $4.19M | $1.61M | $2.1M | $1.73M | $1.65M | $2.62M | $1.84M | $2.35M | $3.51M | $3.56M | $5.61M | $8.8M | $3.88M | $4.56M | $7.35M | $5.56M | $4.87M | $2.13M | $1.7M | $1.51M | $0 |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $1.19M | $0 | $0 | $0 | $0 | $0 | $0 | $50K | $12.26M | $21.17M | $20.89M | $3.33M | $3.9M | $972K | $1.67M | $1M | $910K | $2.29M | $904K | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $47K | $177K | $173K | $206K | $0 | $0 | $0 | $0 | $0 | $360K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $6.72M | $7.85M | $7.7M | $7.34M | $6.28M | $5.28M | $5.09M | $5.83M | $5.7M | $8.75M | $7.45M | $6.66M | $7.52M | $9.5M | $8.22M | $6.6M | $7.19M | $9.68M | $8.77M | $5.66M | $4.22M | $3.04M | $814K | $1.65M | $0 |
| Other Current Liabilities | $4.89M | $4.59M | $0 | $163K | $0 | $158K | $0 | $0 | $19.57M | $19.79M | $794K | $2.38M | $5.65M | $6.21M | $125K | $3.54M | $4.14M | $0 | $0 | $6.53M | $3.13M | $4.44M | $0 | $0 | $0 |
| Total Current Liabilities | $22.36M | $21.6M | $13.25M | $14.29M | $13.26M | $13.57M | $12.16M | $10.19M | $30.13M | $35.65M | $16.14M | $16.65M | $23.81M | $33.65M | $40.83M | $46.8M | $27.16M | $28.01M | $29.01M | $22.91M | $15.73M | $11.79M | $9.74M | $6.62M | $0 |
| Long-Term Liabilities | |||||||||||||||||||||||||
| Long-Term Debt | $4.79M | $0 | $0 | $0 | $0 | $973K | $0 | $0 | $0 | $0 | $18.08M | $18.39M | $18.48M | $16.82M | $17.29M | $8M | $20.35M | $25.27M | $6M | $306K | $1.97M | $1M | $2.24M | $2.28M | $0 |
| Long-Term Unearned Revenue | $555K | $2.06M | $1.64M | $1.65M | $2.24M | $549K | $554K | $407K | $612K | $522K | $2.01M | $976K | $491K | $477K | $635K | $479K | $949K | $1.23B | $942.57M | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$501K | $16.82M | $0 | $0 | $0 | -$1.23B | -$942.57M | $0 | $801K | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $5.82M | $6.19M | $43K | $51K | $218K | $131K | $256K | $641K | $535K | $320K | $276K | $660K | $0 | $0 | $3K | $9K | $20K | $159K | $329K | $1.29M | $28K | $1K | $76K | $15K | $0 |
| Total Long-Term Liabilities | $11.17M | $13.69M | $6.74M | $7.19M | $8.3M | $1.65M | $2.9M | $1.05M | $1.15M | $843K | $20.71M | $19.78M | $18.97M | $17.3M | $17.93M | $8.49M | $21.32M | $26.66M | $7.27M | $1.59M | $2.8M | $1M | $2.32M | $2.3M | $1.91M |
| 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 |
| Total Liabilities | $33.53M | $35.29M | $19.99M | $21.48M | $21.56M | $15.23M | $15.06M | $11.24M | $31.27M | $36.5M | $36.85M | $36.43M | $42.78M | $50.96M | $58.76M | $55.29M | $48.48M | $54.67M | $36.28M | $24.5M | $18.53M | $12.79M | $12.06M | $8.91M | $1.91M |
| Stockholders' Equity | |||||||||||||||||||||||||
| Preferred Stock | $5.24M | $5.35M | $5.58M | $5.59M | $5.59M | $5.61M | $5.76M | $5.96M | $5.96M | $5.96M | $1 | $1 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $61K | $52K | $0 |
| Common Stock | $95K | $85K | $81K | $75K | $75K | $74K | $69K | $59K | $23K | $22K | $22K | $20K | $19K | $8K | $55K | $55K | $50K | $42K | $37K | $35K | $28K | $27K | $2K | $1K | $0 |
| Retained Earnings | -$583.37M | -$561.73M | -$537.68M | -$516.97M | -$498.68M | -$487.96M | -$481.31M | -$476.72M | -$477.13M | -$471.25M | -$465.96M | -$458.61M | -$453.4M | -$384.65M | -$375.41M | -$343.38M | -$323.45M | -$295.96M | -$252.07M | -$203.95M | -$158.23M | -$114.67M | -$87.42M | -$63.38M | -$24.92M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$5.96M | -$5.96M | -$5.96M | $0 | $0 | -$0 | $0 | $0 | $0 | $0 | $0 | $2K | $2K | -$2.79M | -$941K | -$1.28M | -$1.11M | $0 |
| Other Stockholders' Equity | $601.99M | $573.07M | $559.52M | $548.82M | $538.02M | $528.11M | $509.77M | $483.93M | $456.5M | $455.69M | $448.31M | $446.04M | $441.68M | $365.85M | $356.52M | $353.8M | $331.04M | $300.69M | $276.23M | $248.71M | $176.33M | $173.04M | $112.68M | $87.38M | $48.17M |
| Total Equity | $18.72M | $11.43M | $21.92M | $31.93M | $39.42M | $40.23M | $28.52M | $7.27M | -$20.61M | -$15.53M | -$17.63M | -$12.55M | -$11.7M | -$18.79M | -$18.83M | $10.48M | $7.64M | $4.77M | $24.19M | $44.79M | $18.13M | $58.39M | $25.27M | $24.01M | $23.26M |
| 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 |
| Total Liabilities and Equity | $52.25M | $46.72M | $41.91M | $53.41M | $60.98M | $55.46M | $43.58M | $18.51M | $10.67M | $20.97M | $19.23M | $23.88M | $31.08M | $32.17M | $39.93M | $65.76M | $56.12M | $59.44M | $60.48M | $69.29M | $36.66M | $71.19M | $37.32M | $32.92M | $25.17M |
| Supplementary Data | |||||||||||||||||||||||||
| Total Debt | $5.44M | $6.01M | $5.49M | $5.86M | $6.11M | $4.45M | $4.34M | $0 | $0 | $0 | $18.43M | $18.39M | $18.53M | $29.09M | $38.46M | $28.89M | $23.68M | $29.17M | $6.97M | $1.97M | $2.97M | $1.91M | $4.53M | $3.19M | $0 |
| Net Debt | -$7.99M | -$6.21M | -$14.33M | -$2.73M | -$32.63M | -$39.49M | -$25.84M | -$10.8M | -$3.69M | -$8.5M | $12.84M | $11.12M | $4.76M | $21.31M | $24.51M | -$6.35M | -$6.87M | -$1.18M | -$10.05M | -$13.24M | -$2.24M | -$15M | -$16.82M | -$25.65M | $0 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Operating Activities | ||||||||||||||||||||||||
| Net Income | -$21.64M | -$24.05M | -$20.71M | -$18.29M | -$10.72M | -$6.65M | -$4.59M | $117K | -$5.89M | -$5.29M | -$7.35M | -$5.2M | -$68.76M | -$9.24M | -$32.03M | -$19.92M | -$27.49M | -$43.89M | -$48.12M | -$45.72M | -$43.56M | -$27.26M | -$24.04M | -$21.46M |
| Depreciation & Amortization | $1.55M | $969K | $595K | $429K | $106K | $126K | $123K | $579K | $754K | $567K | $620K | $714K | $1.22M | $1.6M | $1.76M | $1.93M | $2.18M | $4.02M | $1.62M | $1.6M | $1.17M | $888K | $503K | $407K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$2.17M | $3.84M | -$3.62M | -$890K | -$3.51M | $47.49M | -$8.18M | $33.45M | $1.66M | $3.24M | -$2.99B | -$5.6B | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $9.85M | $10.26M | $10.62M | $10.58M | $9.36M | $3.17M | $1.33M | $561K | $769K | $1.37M | $1.31M | $1.5M | $1.05M | $2.29M | $2.49M | $2.05M | $4.23M | $2.99B | $5.6B | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||
| Accounts Receivable | -$2.02M | $691K | $1.27M | $316K | -$1.89M | $1.81M | -$308K | -$734K | $379K | $1.71M | $104K | $1.1M | $4.01M | -$448K | $2.81M | -$2.76M | -$1.41M | $3.45B | $1.52B | $0 | $0 | $0 | $0 | $0 |
| Inventory | -$1.24M | $677K | -$550K | -$2.91M | -$1.14M | -$1.45M | -$656K | -$365K | $285K | -$853K | $1.52M | -$1.49M | $219K | $938K | -$595K | -$1.08M | $3.85M | $1.88M | -$3.55M | $1.12M | -$4.73M | -$244K | -$2.07M | -$2.36M |
| Accounts Payable | -$880K | $758K | $218K | -$169K | $1.43M | -$490K | $373K | $72K | -$969K | $783K | -$513K | -$1.16M | -$44K | -$2.05M | -$3.19M | $4.94M | -$681K | -$221.5M | $1.79B | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$1.48M | $379K | -$324K | $1.66M | $1.73M | -$2.38M | -$3.23M | -$626K | -$3.94M | -$1.9M | $2.45M | -$1.28M | $228K | -$126K | $1.53M | -$1.74M | -$3.33M | -$3.23B | -$3.31B | -$290K | $5.19M | -$5.7M | $663K | $929K |
| Total Working Capital Change | -$5.62M | $2.5M | $612K | -$1.1M | $135K | -$2.5M | -$3.82M | -$1.65M | -$4.24M | -$259K | $3.56M | -$2.83M | $4.42M | -$1.69M | $565K | -$639K | -$1.57M | $6.25M | $3.31M | $829K | $458K | -$5.94M | -$1.41M | -$1.43M |
| Other Non-Cash Items | $2.17M | $1.81M | -$256K | -$25K | -$1.83M | $2.34M | $2.34M | $25K | $100K | $674K | $223K | $241K | $8.25M | $3.09M | -$37.8M | -$3.98M | -$2.9M | $4.96M | $7.47M | $4.31M | $947K | $495K | $471K | $455K |
| Net Cash from Operating | -$13.69M | -$8.5M | -$9.14M | -$8.41M | -$2.95M | -$3.51M | -$4.62M | -$2.55M | -$4.67M | -$6.56M | -$2.53M | -$9.09M | -$6.33M | -$12.12M | -$31.57M | -$18.91M | -$22.31M | -$28.65M | -$35.71M | -$38.98M | -$40.99M | -$31.81M | -$24.47M | -$22.03M |
| Investing Activities | ||||||||||||||||||||||||
| Capital Expenditures | -$93K | -$34K | -$366K | -$2.38M | -$1.4M | -$71K | -$29K | -$265K | -$82K | -$410K | -$153K | -$124K | $0 | -$131K | -$1.03M | -$716K | -$1.48M | -$1.67M | -$4.74M | -$2.31M | -$2.34M | -$1.54M | -$2.06M | -$309K |
| Acquisitions | $0 | $108K | $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 | $0 | $0 | $0 | -$19.72M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$13.81M | -$32.7M | -$8.15M | -$36.55M | -$5.12M | $0 |
| Sales of Investments | $0 | $0 | $20.13M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $6.65B | $6.65M | $29.05M | $18.6M | $37.15M | $6.94M | $0 | $1.79M |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$153.15M | $0 | -$130.7M | -$130.7M | -$1.03B | -$715.77M | -$6.65B | $2K | $101K | $10K | $0 | $1.49M | $0 | $0 |
| Net Cash from Investing | -$93K | $74K | $19.77M | -$22.09M | -$1.4M | -$71K | -$29K | -$265K | -$82K | -$410K | -$153K | -$124K | -$130.7M | -$131K | -$1.03M | -$716K | -$1.48M | $4.99M | $10.6M | -$16.39M | $26.66M | -$29.65M | -$7.18M | $1.48M |
| Financing Activities | ||||||||||||||||||||||||
| Debt Repaid | - | - | - | - | - | -$2.16M | - | - | - | $13.02M | -$40K | $142K | $8.97M | $3.05M | -$11.07M | -$8.13M | $3.9M | -$17.26M | -$5M | $1M | -$1.06M | $623K | $653K | -$3.19M |
| Common Stock Issuance | $14.76M | $297K | $81K | $220K | $547K | $15.18M | $24.03M | $57K | $41K | $23M | $965K | $2.85M | $21.3M | $9.12M | $240K | $16.2M | $27.89M | $19.74M | $21.93M | $67.9M | $1.56M | $57.64M | $24.83M | $17.52M |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$43K | $0 | -$90 | -$16K | $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 |
| Other Financing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $9.86M | -$100K | -$100K | $0 | $0 | $21.3M | $0 | $0 | $0 | $0 | $0 | $0 | $135K | $0 | $0 | $13K | $13K |
| Net Cash from Financing | $14.76M | $297K | $81K | $220K | $547K | $17.34M | $24.03M | $9.92M | -$59K | $9.88M | $1M | $2.71M | $12.33M | $6.07M | $11.31M | $24.33M | $23.98M | $37M | $26.93M | $66.99M | $2.63M | $57.02M | $24.17M | $20.72M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $130.7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $985K | -$8.13M | $10.71M | -$30.29M | -$3.8M | $13.76M | $19.39M | $7.11M | -$4.82M | $2.91M | -$1.68M | -$6.5M | $6M | -$6.18M | -$21.29M | $4.7M | $191K | $13.33M | $1.81M | $11.61M | -$11.7M | -$4.45M | -$7.48M | $170K |
| Supplementary Data | ||||||||||||||||||||||||
| Operating Cash Flow | -$13.69M | -$8.5M | -$9.14M | -$8.41M | -$2.95M | -$3.51M | -$4.62M | -$2.55M | -$4.67M | -$6.56M | -$2.53M | -$9.09M | -$6.33M | -$12.12M | -$31.57M | -$18.91M | -$22.31M | -$28.65M | -$35.71M | -$38.98M | -$40.99M | -$31.81M | -$24.47M | -$22.03M |
| Capital Expenditure | -$93K | -$34K | -$366K | -$2.38M | -$1.4M | -$71K | -$29K | -$265K | -$82K | -$410K | -$153K | -$124K | $0 | -$131K | -$1.03M | -$716K | -$1.48M | -$1.67M | -$4.74M | -$2.31M | -$2.34M | -$1.54M | -$2.06M | -$309K |
| Free Cash Flow | -$13.78M | -$8.53M | -$9.51M | -$10.79M | -$4.34M | -$3.58M | -$4.65M | -$2.81M | -$4.76M | -$6.97M | -$2.68M | -$9.22M | -$6.33M | -$12.25M | -$32.6M | -$19.63M | -$23.79M | -$30.32M | -$40.46M | -$41.29M | -$43.33M | -$33.35M | -$26.53M | -$22.34M |
| Cash at Beginning | $12.44M | $20.56M | $9.86M | $40.14M | $43.94M | $30.18M | $10.8M | $3.69M | $8.5M | $5.59M | $7.27M | $13.78M | $7.78M | $13.95M | $35.25M | $30.55M | $30.36M | $17.02M | $15.21M | $3.6M | $16.91M | $21.36M | $28.83M | $28.66M |
| Cash at End | $13.42M | $12.44M | $20.56M | $9.86M | $40.14M | $43.94M | $30.18M | $10.8M | $3.69M | $8.5M | $5.59M | $7.27M | $13.78M | $7.78M | $13.95M | $35.25M | $30.55M | $30.36M | $17.02M | $15.21M | $5.21M | $16.91M | $21.36M | $28.83M |