Exail Technologies (EXALF)
Established in Paris, France, in 1988, Exail Technologies is a global provider of cutting-edge solutions across various high-technology sectors. The company specializes in robotics, maritime, navigation, aerospace, and photonics technologies, delivering a comprehensive range of components, products, and integrated systems. Its offerings include navigation and positioning systems, sonar equipment, and both standard and autonomous drone platforms for naval operations. Furthermore, Exail Technologies develops and markets advanced photonic and quantum components, such as specialized optical fibers, optical modulators, and quantum measurement devices. The firm also supplies sophisticated onboard communication equipment, simulators, and autonomous decision-making solutions.
Sector: Aerospace & Defense
Industry: Aerospace & Defense
Exail Technologies
OTC:EXALFIndustrials · Aerospace & Defense
Mkt Cap-
Float7.69M
O/S16.83M
Inst Own-
Dilution
Financials Summary
Revenue$534.1M
Net Income$3.33M
Total Assets$1.42B
Free Cash Flow$84.03M
Debt & Equity
Debt 47%
Equity 53%
Total Debt$410.97M
Total Equity$460.89M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in EXALF's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.42B
Liabilities$861.6M
Accounts Receivable$301.08M
Accounts Payable$76.39M
Inventory$89.63M
PP&E (Net)$106.17M
Goodwill$162.91M
Intangible Assets$293.75M
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 | $534.1M | $416.52M | $387.29M | $212.3M | $129.41M | $168.49M | $306.64M | $282.66M | $322.39M | $323.57M | $295.67M | $254.47M | $243.46M | $232.93M | $255.44M | $218.42M | $230.23M | $198.38M | $168M | $188.84M | $166.1M | $159.92M |
| YoY Growth | 28.2% | 7.5% | 82.4% | 64.1% | -23.2% | -45.1% | 8.5% | -12.3% | -0.4% | 9.4% | 16.2% | 4.5% | 4.5% | -8.8% | 16.9% | -5.1% | 16.1% | 18.1% | -11.0% | 13.7% | 3.9% | - |
| Cost of Revenue | $497.21M | $185.94M | $180.71M | $91.36M | $83M | $122.97M | $158.6M | $176.02M | $173.83M | $184.74M | $173.69M | $140.25M | $135.21M | $132.3M | $154.92M | $125.06M | $139.14M | $183.23M | $154.96M | $175.54M | $148.82M | $151.22M |
| Gross Profit | $36.89M | $230.59M | $206.58M | $120.95M | $116.04M | $135.07M | $148.04M | $130.98M | $138.52M | $129.17M | $121.35M | $109.07M | $104.3M | $100.64M | $100.51M | $93.9M | $91.09M | $15.15M | $13.04M | $13.3M | $17.28M | $8.71M |
| Gross Margin | 6.9% | 55.4% | 53.3% | 57.0% | 89.7% | 80.2% | 48.3% | 46.3% | 43.0% | 39.9% | 41.0% | 42.9% | 42.8% | 43.2% | 39.3% | 43.0% | 39.6% | 7.6% | 7.8% | 7.0% | 10.4% | 5.4% |
| Research and Development | $0 | $0 | $48.58M | $20.55M | $3.93M | $7.37M | $6.59M | $12.95M | $16.15M | $5.69M | $12.62M | $10.75M | $14.37M | $8.49M | $14.06M | $21.9M | $14.18M | $0 | $0 | $4.09M | $2.67M | $0 |
| Selling, General, and Administrative | $0 | $841K | $152.79M | $87.93M | $59.44M | $76.14M | $119.71M | -$12.62M | $184.65M | $193.93M | $183.42M | $146.13M | $82.57M | $136.78M | $76.99M | $76.98M | $78.31M | $58.29M | $54.46M | $64.24M | $0 | $0 |
| Other | $252.03M | $210.41M | -$2.87M | $11.28M | $3.98M | -$2.37M | $16.34M | -$42K | -$47.06M | -$81.68M | -$82.85M | -$62.32M | -$10.66M | -$45.14M | -$5.78M | -$18.88M | -$7.09M | $5.54M | $4.91M | -$4.98M | -$2.27M | $649K |
| Total Operating Expenses | $252.03M | $210.41M | $198.49M | $119.76M | $67.36M | $81.14M | $142.64M | $288K | $153.74M | $117.94M | $113.19M | $94.56M | $86.28M | $100.13M | $85.27M | $80M | $85.4M | $63.83M | $59.36M | $63.35M | $398K | $649K |
| Operating Income (EBIT) | $29.75M | $20.18M | $8.09M | $1.19M | $12.61M | $12.33M | $5.48M | $1.82M | -$15.22M | $11.22M | $8.16M | $14.51M | $17.94M | -$1.25M | $14.96M | $14.22M | $5.68M | $9.61M | $8.13M | $14.71M | $14.21M | $8.06M |
| Operating Margin | 5.6% | 4.8% | 2.1% | 0.6% | 9.7% | 7.3% | 1.8% | 0.6% | -4.7% | 3.5% | 2.8% | 5.7% | 7.4% | -0.5% | 5.9% | 6.5% | 2.5% | 4.8% | 4.8% | 7.8% | 8.6% | 5.0% |
| Interest Expense | $29.98M | $31.26M | $29.23M | $9.42M | $2.31M | $1.11M | $1.48M | $1.88M | $2.16M | $2.53M | $2.56M | $2.32M | $2.72M | $1.45M | $1.25M | $1.06M | $1.03M | $1.52M | $1.34M | $816K | $910K | $1.16M |
| Interest Income | $2.36M | $285K | $346K | $0 | $763K | $574K | $468K | $547K | $276K | $108K | $144K | $0 | $205K | $142K | $154K | $413K | $489K | $414K | $366K | $428K | $489K | $209K |
| Other Income (Expense) | -$22.3M | -$30.1M | -$29.34M | -$5.52M | -$1.39M | -$959K | -$1.28M | $0 | -$2.29M | -$2.47M | -$2.25M | -$6.04M | -$4.83M | -$1.29M | -$796K | -$246K | -$11.17M | $2.92M | $3.45M | $5.52M | $5.25M | $9.3M |
| Income Before Tax (EBT) | $7.45M | -$9.92M | -$21.25M | -$4.33M | $11.21M | $11.37M | $4.21M | $579K | -$17.51M | $8.75M | $5.91M | $8.47M | $13.12M | -$2.53M | $14.16M | $13.98M | -$5.48M | $12.53M | $11.59M | $20.22M | $19.47M | $17.36M |
| Income Tax Expense | $863K | -$4.86M | $60K | $7.35M | $2.43M | $1.19M | $2.48M | $2.43M | $5.47M | $5.01M | $1.84M | $3.06M | $2.94M | -$3.27M | $2.45M | $5.83M | $4.08M | $2.83M | $1.17M | -$442K | $4.91M | $5.53M |
| Net Income | $3.33M | -$4.07M | $17.74M | -$9.02M | $51.59M | -$6.49M | $23.33M | -$2.14M | -$17.91M | -$838K | $1.2M | $2.92M | $7.35M | $735K | $7.17M | $2.89M | -$4.99M | -$2.2M | $903K | $3.04M | $7.8M | $11.29M |
| Net Income Margin | 0.6% | -1.0% | 4.6% | -4.3% | 39.9% | -3.9% | 7.6% | -0.8% | -5.6% | -0.3% | 0.4% | 1.1% | 3.0% | 0.3% | 2.8% | 1.3% | -2.2% | -1.1% | 0.5% | 1.6% | 4.7% | 7.1% |
| Supplementary Data | ||||||||||||||||||||||
| EPS | 0.18 | -0.21 | 0.99 | -0.53 | 2.68 | -0.43 | 1.55 | -0.14 | -1.19 | -0.06 | 0.08 | 0.20 | 0.52 | 0.05 | 0.56 | 0.30 | -0.03 | -0.32 | 0.13 | 0.44 | 1.19 | 1.93 |
| Diluted EPS | 0.18 | -0.21 | 0.99 | -0.47 | 2.68 | -0.43 | 1.55 | -0.14 | -1.19 | -0.06 | 0.08 | 0.20 | 0.52 | 0.05 | 0.56 | 0.30 | -0.03 | -0.32 | 0.13 | 2.20 | 1.20 | 1.93 |
| Weighted Average OS | 16.97M | 17.00M | 17.04M | 15.32M | 17.22M | 13.52M | 13.51M | 13.51M | 13.50M | 13.42M | 13.22M | 13.08M | 12.72M | 12.71M | 11.37M | 11.25M | 11.23M | 6.10M | 6.23M | 6.18M | 5.86M | 5.25M |
| EBITDA | $91.81M | $46.71M | $33.07M | $41.29M | $24.44M | $25.78M | $28.87M | $15.59M | $8.19M | $21.35M | $18.84M | $25.81M | $25.71M | $5.31M | $21.03M | $21.34M | $13.17M | $17.46M | $15.85M | $24.02M | $22.61M | $22.27M |
| EBITDA Margin | 17.2% | 11.2% | 8.5% | 19.4% | 18.9% | 15.3% | 9.4% | 5.5% | 2.5% | 6.6% | 6.4% | 10.1% | 10.6% | 2.3% | 8.2% | 9.8% | 5.7% | 8.8% | 9.4% | 12.7% | 13.6% | 13.9% |
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 | $366.55M | $56.13M | $28.51M | $65.6M | $47.91M | $92.3M | $71.74M | $46.9M | $96.9M | $43.27M | $38.44M | $32.85M | $36.6M | $55.34M | $46.79M | $26.46M | $30.94M | $11.92M | $9.89M | $10.85M | $6.25M | $8.12M |
| Short-Term Investments | $1.95M | $3.12M | $6.44M | $10.01M | $242K | $2K | $18K | $7K | $42K | $45K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4.47M | $8.93M | $10.1M | $24.05M | $19.02M |
| Cash and Short-Term Investments | $368.51M | $59.26M | $28.51M | $75.61M | $48.15M | $92.3M | $71.76M | $46.9M | $96.94M | $43.31M | $38.44M | $32.85M | $36.6M | $55.34M | $46.79M | $26.76M | $30.94M | $16.39M | $18.82M | $20.95M | $30.3M | $27.14M |
| Accounts Receivable | $301.08M | $154.37M | $202.48M | $152.39M | $144.05M | $149.07M | $168.41M | $138.78M | $173.7M | $169.75M | $178.15M | $139.37M | $122.59M | $140.49M | $146.83M | $123.93M | $108M | $114.44M | $108.53M | $116.84M | $102.05M | $72.33M |
| Inventory | $89.63M | $88M | $81.41M | $71.77M | $25.68M | $37.29M | $36.01M | $33.57M | $29.92M | $32.4M | $29.37M | $22.35M | $25.38M | $24.84M | $20.14M | $15.07M | $19.39M | $15.51M | $26.35M | $32.62M | $32.17M | $23.04M |
| Other Current Assets | $0 | $36.2M | $12.34M | $103.63M | $36.54M | $0 | -$1K | $45.31M | $0 | $41.06M | $35.38M | $23.89M | $21.53M | $518K | -$1K | $9.48M | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $775.22M | $349.15M | $330.81M | $416.89M | $263.85M | $289.51M | $281.98M | $268.58M | $305.34M | $288.31M | $283.25M | $224.74M | $207.88M | $226.36M | $219.75M | $181.07M | $163.94M | $150.22M | $154.69M | $171.37M | $165.46M | $123.34M |
| Long-Term Assets | ||||||||||||||||||||||
| Property, Plant & Equipment Net | $106.17M | $99.23M | $91.12M | $91.01M | $42.82M | $52.52M | $57.28M | $30.36M | $30.08M | $28.67M | $25.64M | $19.52M | $17.2M | $17.55M | $17.24M | $15.22M | $13.9M | $12.99M | $14.47M | $11.43M | $15.27M | $11.74M |
| Goodwill | $162.91M | $162.74M | $161.99M | $326.34M | $26.56M | $70.61M | $71.54M | $72.17M | $68.41M | $51.13M | $49.37M | $41.32M | $29.54M | $23.98M | $20.47M | $18.59M | $21.7M | $15.29M | $15.5M | $15.14M | $7.35M | $2.22M |
| Intangible Assets | $293.75M | $302.58M | $307.86M | $66.37M | $38.15M | $46.19M | $48.66M | $45M | $38.78M | $42.7M | $34.94M | $31.39M | $28.28M | $29.45M | $32.07M | $31.54M | $23.06M | $17.34M | $20.71M | $18.71M | $12.67M | $6.08M |
| Long-Term Investments | $81.46M | $4.56M | $6.64M | $7.8M | $19.15M | $13.21M | $5.49M | $4.27M | $4.31M | $4.89M | $1.28M | $2.12M | -$5.59M | -$25.85M | $1.6M | $1.81M | $1.94M | $2.65M | $4.36M | $3.03M | $3.39M | $15.38M |
| Deferred Tax Assets | $172K | $150K | $3.05M | $4.36M | $1.54M | $5.37M | $3.16M | $4.36M | $3.61M | $6.39M | $5.11M | $5.41M | $4.86M | $3.64M | $2.9M | $1.83M | $2M | $2.13M | $3.57M | $2.46M | $723K | $963K |
| Other Long-Term Assets | $1.13M | $10.11M | $3.55M | $16.3M | $1.56M | $1.55M | $1.44M | $3.7M | $2.01M | $1.92M | $5.55M | $2.73M | $12.84M | $35.25M | $1.2M | $1.94M | $205K | $13.73M | $10.71M | $3.69M | $2.24M | -$718K |
| Total Long-Term Assets | $645.59M | $579.36M | $574.22M | $512.18M | $129.79M | $189.47M | $187.57M | $159.85M | $147.21M | $135.7M | $121.9M | $102.49M | $87.13M | $84.02M | $75.48M | $70.94M | $62.8M | $64.14M | $69.32M | $54.47M | $41.64M | $35.66M |
| Other Assets | $0 | $0 | $0 | $1K | $0 | $0 | $2K | $0 | $0 | $2K | $0 | $3K | $0 | $1K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.42B | $928.5M | $903.05M | $938.77M | $393.63M | $478.97M | $469.55M | $428.44M | $507.09M | $424.01M | $405.15M | $329.06M | $295M | $310.38M | $295.22M | $252.01M | $226.74M | $214.36M | $224.01M | $225.84M | $207.09M | $159M |
| Liabilities | ||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||
| Accounts Payable | $76.39M | $55.03M | $64.91M | $50.44M | $16.14M | $32.65M | $55.79M | $54.2M | $39.37M | $55.2M | $65.85M | $21.71M | $23.17M | $42.99M | $54.63M | $42.02M | $35.26M | $40.64M | $33.84M | $38.21M | $40.7M | $31.97M |
| Short-Term Debt | $70.88M | $43.6M | $40.21M | $50.66M | $45.9M | $60.69M | $30.16M | $28.51M | $53.94M | $28.52M | $15.64M | $8.73M | $6.08M | $23.25M | $22.87M | $9.8M | $14.87M | $11.62M | $12.55M | $19.87M | $20.48M | $4.52M |
| Current Income Tax Payable | $0 | $13.88M | $731K | $15.67M | $19.61M | $22.59M | $21.83M | $20.92M | $18.55M | $18.39M | $19.57M | $18.27M | $15.9M | $16.2M | $538K | $297K | $96K | $1.02M | $797K | $1.04M | $2.02M | $1.05M |
| Current Unearned Revenue | $155.36M | $0 | $0 | $197.58M | $94.77M | $85.35M | $63.86M | $41.33M | $34.36M | $82.98M | $48.99M | $52.94M | $44.68M | $50.04M | $16.5M | $15.45M | $7.18M | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $120.51M | $158.04M | $90.48M | -$15.37M | $21.9M | $30.24M | $5.15M | -$8.03M | $19.15M | $37.21M | $48.81M | $30.14M | $29.71M | $43.69M | $66.53M | $67.82M | $58.19M | $44.94M | $36.86M | $41.48M | $37.5M | $40.8M |
| Total Current Liabilities | $432.96M | $279.57M | $250.94M | $306.21M | $201.98M | $238.17M | $183.33M | $182.2M | $212.32M | $223.87M | $219.04M | $170.22M | $152.32M | $176.92M | $177.21M | $149.32M | $130.04M | $109.61M | $96.27M | $114.62M | $114.31M | $88.73M |
| Long-Term Liabilities | ||||||||||||||||||||||
| Long-Term Debt | $292.26M | $300.53M | $294.28M | $318.98M | $96.8M | $67.33M | $53.7M | $50.59M | $40.54M | $72.16M | $66.49M | $53.01M | $46.73M | $44.84M | $19.77M | $19.3M | $18.2M | $5.41M | $7.94M | $7.06M | $6.78M | $12.8M |
| Long-Term Unearned Revenue | $0 | $0 | $35.85M | $362.32M | $9.34M | $11.29M | $10.4M | $33.66M | $14.09M | $12.24M | $8.53M | $8.58M | $7.04M | $0 | $0 | $3.19M | $3.2M | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $41.48M | $43.82M | $51.57M | $4.16M | $190K | $499K | $1.71M | $2.24M | $665K | $693K | $230K | $2.52M | $2.32M | $1.99M | $6.8M | $7.64M | $5.45M | $4.44M | $6.99M | $5.56M | $4.1M | $963K |
| Other Long-Term Liabilities | $56.55M | $40.55M | $30.95M | -$9.31M | $9.53M | $11.67M | $10.76M | -$20.02M | $99K | $1.46M | $1.95M | $2.01M | $3.85M | $2.4M | $5.03M | $883K | $1.42M | $17.99M | $16.58M | $12.11M | $4.69M | $1.21M |
| Total Long-Term Liabilities | $428.64M | $421.1M | $419.05M | $456.35M | $119.86M | $99.8M | $88.9M | $66.47M | $58.25M | $86.55M | $77.2M | $66.11M | $59.94M | $54.98M | $31.59M | $31.01M | $28.26M | $35.9M | $40.65M | $25.2M | $16.31M | $16.27M |
| 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 | $861.6M | $700.67M | $663.5M | $703.66M | $321.84M | $337.97M | $272.23M | $248.04M | $320.51M | $310.41M | $296.24M | $234.58M | $212.26M | $231.63M | $208.8M | $180.33M | $158.31M | $145.52M | $136.92M | $139.82M | $130.62M | $105M |
| 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 |
| Common Stock | $19.46M | $19.46M | $19.46M | $19.46M | $19.46M | $19.46M | $15.08M | $15.08M | $15.08M | $15.07M | $14.92M | $14.61M | $14.22M | $14.22M | $14.22M | $12.92M | $12.9M | $6.79M | $7.07M | $7.03M | $6.88M | $5.86M |
| Retained Earnings | $102.41M | $108.91M | $120.64M | $100.73M | $33.17M | $54.54M | $76.07M | $62.03M | $68.45M | $30.44M | $33.84M | $2.92M | $29.84M | $22.25M | $25.74M | $19.26M | $19.31M | -$9.91M | $903K | $3.04M | $7.8M | $11.29M |
| Comprehensive Income & Other | $347.05M | -$1K | $15M | -$1K | $13.59M | $0 | $76.95M | $30.05M | $69.27M | $0 | $0 | $25.31M | $23.1M | $20.62M | $0 | $0 | $0 | $31.77M | $35.65M | $37.47M | $31.86M | $21.89M |
| Other Stockholders' Equity | $339.02M | $5.53M | $4.49M | $8.32M | $13.59M | $31.95M | $30.05M | $30.05M | $30.05M | $29.89M | $26.52M | $45.07M | $13.17M | $19.2M | $20.3M | $12.18M | $12.14M | $48.09M | $52.59M | $52.34M | $46.4M | $22.62M |
| Total Equity | $460.89M | $133.9M | $144.58M | $128.5M | $66.21M | $105.94M | $121.2M | $107.15M | $113.58M | $75.4M | $75.29M | $62.59M | $57.22M | $55.67M | $60.26M | $44.36M | $44.35M | $44.97M | $60.57M | $62.41M | $61.08M | $39.77M |
| Minority Interest | $98.33M | $93.94M | $91.45M | $116.41M | $5.58M | $35.06M | $76.12M | $73.24M | $73.01M | $36.62M | $33.01M | $31.02M | $25.52M | $23.08M | $25.83M | $27.33M | $24.09M | $23.87M | $26.53M | $23.61M | $15.4M | $14.23M |
| Total Liabilities and Equity | $1.32B | $834.56M | $808.08M | $832.16M | $388.05M | $443.91M | $393.43M | $355.19M | $434.08M | $385.81M | $371.53M | $297.18M | $269.48M | $287.29M | $269.06M | $224.69M | $202.66M | $190.49M | $197.48M | $202.23M | $191.69M | $144.77M |
| Supplementary Data | ||||||||||||||||||||||
| Total Debt | $410.97M | $389.34M | $378.39M | $410.49M | $159.73M | $154.96M | $113.27M | $79.09M | $94.41M | $106.54M | $82.13M | $61.73M | $52.78M | $74.6M | $22.87M | $28.99M | $33.07M | $25.09M | $29.63M | $27.41M | $28.01M | $18.63M |
| Net Debt | $44.42M | $333.21M | $349.88M | -$24.75M | $111.82M | $62.66M | $41.53M | $55.84M | -$2.49M | $57.41M | $43.69M | $28.89M | $16.18M | $12.75M | -$23.91M | $2.53M | $2.13M | $13.17M | $19.73M | $16.56M | $21.76M | $10.5M |
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 | $3.33M | -$5.06M | $17.74M | -$9.02M | $8.79M | $4.72M | $1.73M | -$4.19M | -$13.6M | $5.43M | $1.2M | $5.3M | $7.63M | $1.95M | $0 | $7.62M | $9.52M | $6.54M | $6.6M | $16.55M | $12.19M | $11.19M |
| Depreciation & Amortization | $53.78M | $25.37M | $25.09M | $15.75M | $10.91M | $13.3M | $23.24M | $15.55M | $14.3M | $11.27M | $10.38M | $8.23M | $7.47M | $6.39M | $5.61M | $5.88M | $4.69M | $3.41M | $2.92M | $2.98M | $2.24M | $3.75M |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $1.75M | $0 | -$469K | $0 | $0 | $1.05M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $537K |
| Stock-Based Compensation | $0 | $0 | $9.43M | $2.58M | $0 | $0 | $469K | $0 | $855K | $0 | $248K | $226K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||
| Accounts Receivable | $0 | $0 | -$7.63M | $0 | $17.63M | $5.88M | -$501K | -$6.25M | -$10.16M | $0 | -$44.93M | -$20.98M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$6.46M |
| Inventory | $0 | $0 | $0 | $0 | -$2.15M | $1.96M | -$3.82M | -$828K | $746K | $68K | -$6.29M | $2.43M | $153K | -$4.45M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $6.27M |
| Accounts Payable | $0 | $0 | $0 | $0 | -$3.67M | $837K | $8.25M | -$2.52M | $1.11M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.22M |
| Other Working Capital | $9.18M | $30.6M | $1.29M | $26.36M | -$50.61M | $27.91M | $7.17M | -$4.09M | $0 | -$16.17M | $38.4M | $7.62M | -$1.88M | $582K | -$8.61M | $6.88M | $14.04M | $4.84M | -$3.9M | -$5.49M | -$13.81M | $1.57M |
| Total Working Capital Change | $9.18M | $30.6M | -$15.06M | $26.36M | -$40.55M | $27.91M | $7.17M | -$13.69M | -$8.3M | -$16.1M | -$12.84M | -$10.93M | -$1.72M | -$3.86M | -$8.61M | $6.88M | $14.04M | $4.84M | -$3.9M | -$5.49M | -$13.81M | $2.6M |
| Other Non-Cash Items | $33.73M | $51.14M | $24.93M | $16.09M | $5.9M | -$4.05M | -$856K | -$774K | $4.81M | -$148K | $5.67M | $4.66M | -$282K | $5.93M | $13.94M | -$1.84M | -$424K | -$4.35M | $4.21M | -$6.44M | -$4.45M | -$12.48M |
| Net Cash from Operating | $100.02M | $102.05M | $62.13M | $51.76M | -$13.2M | $41.88M | $31.28M | -$3.1M | -$1.93M | $1.5M | $4.65M | $7.48M | $13.1M | $10.41M | $10.94M | $18.54M | $27.82M | $10.45M | $9.83M | $7.6M | -$3.83M | $5.6M |
| Investing Activities | ||||||||||||||||||||||
| Capital Expenditures | -$39.17M | -$16.31M | -$10.45M | -$8.1M | -$28.24M | -$20.45M | -$19.7M | -$15.87M | -$17.96M | -$15.49M | -$17.62M | -$9.17M | -$5.82M | -$6.39M | -$10.01M | -$15.41M | -$7.71M | -$5.71M | -$5.85M | -$5.31M | -$3.95M | -$5.57M |
| Acquisitions | $288K | -$2.31M | $30.49M | -$348.59M | $22K | -$814K | $18.14M | -$8M | $13.28M | $4.27M | -$10.06M | -$8.52M | -$3.54M | -$10.66M | $1.15M | $427K | -$10.25M | -$911K | -$212K | $1.68M | $3.67M | $12.28M |
| Purchases of Investments | -$67.15M | -$453K | $0 | $0 | -$393K | -$475K | -$596K | -$1.06M | -$297K | -$316K | -$1.67M | -$874K | -$246K | -$554K | -$102K | -$374K | -$2.36M | -$324K | -$512K | -$734K | -$1.68M | -$1.66M |
| Sales of Investments | $0 | $0 | $0 | $0 | $319K | $305K | $718K | $150K | $783K | $459K | $1.65M | $103K | $311K | $111K | $272K | $308K | $2.88M | $2.03M | $537K | $3.59M | $841K | $1.44M |
| Other Investing Activities | -$1K | -$21.57M | $14.49M | -$10.13M | -$13.19M | $8.15M | $3.96M | $194K | $98K | $103K | $630K | $0 | $44K | $4K | $5K | -$2K | $0 | $0 | $0 | -$12.05M | -$10.47M | $1.44M |
| Net Cash from Investing | -$106.02M | -$40.65M | $4.04M | -$366.83M | -$28.29M | -$13.29M | $2.53M | -$24.59M | -$4.09M | -$10.98M | -$27.07M | -$18.46M | -$9.25M | -$17.49M | -$8.69M | -$15.05M | -$17.44M | -$4.91M | -$6.03M | -$12.82M | -$11.59M | $7.93M |
| Financing Activities | ||||||||||||||||||||||
| Debt Repaid | - | $5.29M | $57.08M | -$173.45M | -$49.02M | -$24.4M | $1.1M | $11.91M | $5.36M | -$13.7M | -$11.73M | -$8.56M | $15.23M | -$31.14M | -$9.46M | -$2.91M | -$4.91M | $1.97M | -$4.34M | $999K | $4.55M | $2.99M |
| Common Stock Issuance | $557K | $1.59M | $2.34M | $169.37M | $0 | $91.78M | $1.23M | $0 | $69.93M | $1.82M | $18.24M | $7.58M | $326K | $11K | $9.91M | $452K | $777K | $5K | $3.58M | $39K | $16.12M | $8.76M |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | -$36.43M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$651K | -$409K | -$143K | -$38K | -$6.36M | -$4.82M | -$4.82M | -$4.82M | $0 | $0 | -$4.71M | -$4.64M | -$4.55M | -$4.26M | -$3.3M | -$3.26M | -$4.1M | -$1.05M | -$3.46M | -$3.52M | -$2.29M | -$6.6M |
| Other Financing Activities | -$16.61M | -$29.83M | -$48.33M | -$4.17M | -$15.38M | -$24.01M | -$2.84M | -$1.88M | -$3.21M | -$3.3M | -$3.68M | -$3.36M | -$2.62M | -$2.58M | -$2.96M | -$1.96M | -$325K | -$2.67M | -$2.53M | -$1.29M | -$1.71M | $540K |
| Net Cash from Financing | $316.72M | -$33.93M | -$103.21M | $338.62M | $27.28M | -$4.43M | -$7.54M | -$18.61M | $61.36M | $12.22M | $21.59M | $8.14M | -$22.08M | $24.31M | $13.11M | -$1.86M | $1.26M | -$5.68M | $1.93M | -$5.77M | $7.58M | -$288K |
| Forex Effect | $6.38M | $104K | -$54K | -$124K | $18K | -$98K | $159K | $77K | -$186K | $38K | $58K | $87K | -$52K | -$16K | -$1K | $265K | $51K | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $317.1M | $27.58M | -$37.09M | $22.92M | -$21.91M | $24.07M | $26.44M | -$46.15M | $55.06M | $2.78M | -$744K | -$3.87M | -$18.33M | $14.53M | $17.31M | $1.03M | $15.95M | $0 | $0 | $0 | $0 | $0 |
| Supplementary Data | ||||||||||||||||||||||
| Operating Cash Flow | $100.02M | $102.05M | $62.13M | $62.16M | -$13.2M | $41.88M | $33.89M | -$3.1M | -$1.93M | $1.49M | $4.65M | $7.26M | $13.1M | $10.41M | $10.94M | $19.23M | $27.82M | $10.45M | $9.83M | $7.6M | -$3.83M | $5.6M |
| Capital Expenditure | -$15.99M | -$38.75M | -$10.45M | -$8.1M | -$28.24M | -$20.45M | -$19.7M | -$15.87M | -$17.5M | -$15.49M | -$17.62M | -$9.59M | -$5.82M | -$6.39M | -$10.01M | -$15.41M | -$7.71M | -$1.88M | -$2.57M | -$3.24M | -$1.12M | -$1.96M |
| Free Cash Flow | $84.03M | $63.3M | $51.68M | $54.06M | -$41.44M | $21.43M | $14.19M | -$18.97M | -$19.43M | -$14M | -$12.97M | -$2.33M | $7.27M | $4.02M | $927K | $3.82M | $20.12M | $8.57M | $7.26M | $4.36M | -$4.95M | $3.64M |
| Cash at Beginning | $49.46M | $28.51M | $65.6M | $42.68M | $64.6M | $66.22M | $39.78M | $88.18M | $33.12M | $30.34M | $31.08M | $34.95M | $53.28M | $38.75M | $21.44M | $20.41M | $5.59M | $9.99M | $9.62M | $5.71M | $0 | $0 |
| Cash at End | $366.55M | $56.09M | $28.51M | $65.6M | $47.83M | $90.29M | $66.22M | $42.03M | $88.18M | $33.12M | $30.34M | $31.08M | $34.95M | $53.28M | $38.75M | $21.44M | $21.54M | $11.92M | $9.89M | $10.85M | $6.25M | $8.12M |