Galaxy Gaming, Inc. (GLXZ)
Galaxy Gaming, Inc. is a company dedicated to the casino gaming industry, focusing on the innovation, development, acquisition, production, promotion, and licensing of exclusive casino table games, along with their complementary technologies, platforms, and operational systems. The company's diverse range of proprietary table games encompasses "side bets"—unique features and additional wagering opportunities integrated into traditional public domain games like poker, baccarat, pai gow poker, craps, and blackjack. These include popular titles such as Lucky Ladies, 21+3, and Bonus Craps. Beyond these, Galaxy Gaming also offers "premium games," which are standalone titles featuring their own distinct rules and strategic gameplay, exemplified by Heads Up Hold 'em, High Card Flush, Cajun Stud, and Three Card Poker. In addition to its game catalog, Galaxy Gaming provides advanced table systems, including the Bonus Jackpot System. This electronic system is installed directly onto gaming tables to accurately detect player wagers and other game activities, thereby collecting valuable data. The company's offerings further extend to automated electronic tables and a variety of other ancillary equipment. It also engages in relicensing various game titles to operators of online gaming systems. Galaxy Gaming targets a wide global market, serving online casinos worldwide, land-based casino operators throughout North America, the Caribbean, Central America, the United Kingdom, Europe, and Africa, as well as cruise ship companies. Founded in 2006, Galaxy Gaming, Inc. is headquartered in Las Vegas, Nevada.
Sector: Services-Amusement & Recreation Services
Industry: Gambling, Resorts & Casinos
Galaxy Gaming, Inc.
OTC:GLXZConsumer Cyclical · Gambling, Resorts & Casinos
+0.62%$1.62
Mkt Cap$40.54M
Float22.02M
O/S25.02M
Inst Own0.9%
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$30.87M
Net Income$1.48M
Total Assets$27.5M
Free Cash Flow$4.64M
Debt & Equity
Debt 179%
Total Debt$39.58M
Total Equity-$17.47M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in GLXZ's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$27.5M
Liabilities$44.97M
Accounts Receivable$5.87M
Accounts Payable$1.88M
Inventory$0
PP&E (Net)$399K
Goodwill$1.09M
Intangible Assets$10.23M
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Revenue | $30.87M | $31.74M | $27.79M | $23.44M | $19.98M | $10.23M | $21.3M | $18.56M | $14.86M | $12.45M | $10.95M | $9.85M | $8.22M | $7.22M | $3.68M | $3.05M | $2.77M | $0 | $0 | $337K | $549K | $940K | $1.44M |
| YoY Growth | -2.7% | 14.2% | 18.5% | 17.3% | 95.3% | -52.0% | 14.8% | 24.9% | 19.3% | 13.7% | 11.2% | 19.8% | 13.8% | 96.0% | 20.6% | 10.5% | - | - | - | -38.6% | -41.6% | -34.8% | - |
| Cost of Revenue | $780K | $1.51M | $1.26M | $199K | $81K | $73K | $230K | $143K | $226K | $134K | $96K | $81K | $106K | $70K | $99K | $136K | $224K | $0 | $0 | $0 | $0 | $0 | $491K |
| Gross Profit | $30.09M | $30.23M | $26.53M | $23.24M | $19.9M | $10.16M | $21.07M | $18.42M | $14.63M | $12.32M | $10.86M | $9.76M | $8.11M | $7.15M | $3.59M | $2.92M | $2.54M | $0 | $0 | $337K | $549K | $940K | $950K |
| Gross Margin | 97.5% | 95.2% | 95.5% | 99.2% | 99.6% | 99.3% | 98.9% | 99.2% | 98.5% | 98.9% | 99.1% | 99.2% | 98.7% | 99.0% | 97.3% | 95.6% | 91.9% | - | - | 100.0% | 100.0% | 100.0% | 65.9% |
| Research and Development | $931K | $1.06M | $823K | $585K | $520K | $488K | $821K | $926K | $489K | $354K | $455K | $473K | $467K | $333K | $286K | $285K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $17.77M | $20.61M | $16.7M | $13.83M | $12.18M | $9.7M | $14.22M | $11.68M | $9.87M | $6.88M | $7.25M | $5.86M | $4.22M | $4.11M | $3.2M | $2.68M | $0 | $253K | $412K | $851K | $2.49M | $3.79M | $2.17M |
| Other | $3.21M | $2.86M | $2.27M | $2.76M | $2.86M | $2.22M | $1.95M | -$58K | $1.77M | $697K | $1.67M | $1.67M | $1.63M | $1.62M | $458K | $0 | $2.74M | $0 | $0 | $0 | $0 | $0 | -$448K |
| Total Operating Expenses | $21.91M | $24.53M | $19.8M | $17.17M | $15.56M | $12.41M | $17M | $14.45M | $12.13M | $8.93M | $9.38M | $8M | $6.32M | $6.06M | $3.94M | $2.97M | $2.74M | $253K | $412K | $851K | $2.49M | $3.79M | $1.72M |
| Operating Income (EBIT) | $8.18M | $5.7M | $6.73M | $6.07M | $4.35M | -$2.26M | $4.07M | $3.97M | $2.5M | $3.39M | $1.47M | $1.23M | $1.64M | $1.09M | -$356K | -$48K | -$200K | -$253K | -$412K | -$762K | -$2.16M | -$2.85M | -$1.22M |
| Operating Margin | 26.5% | 18.0% | 24.2% | 25.9% | 21.7% | -22.0% | 19.1% | 21.4% | 16.9% | 27.2% | 13.5% | 12.5% | 20.0% | 15.1% | -9.7% | -1.6% | -7.2% | - | - | -226.1% | -392.9% | -303.2% | -84.5% |
| Interest Expense | $3.59M | $9.07M | $9.06M | $7.41M | $1.51M | $683K | $679K | $1M | $1.7M | $1.21M | $1.05M | $1.09M | $1.03M | $883K | $90K | $114K | $177K | $239 | $6K | $138K | $194K | $297K | $203K |
| Interest Income | $46K | $781K | $611K | $71K | $2K | $26K | $69K | $2K | $188 | $202 | $13K | $23K | $23K | $22K | $25K | $26K | $29K | $32K | $0 | $574 | $29K | $22K | $10K |
| Other Income (Expense) | -$6.55M | -$8.27M | -$8.46M | -$7.64M | -$2.18M | -$560K | -$1.12M | -$2.5M | -$1.95M | -$853K | -$820K | -$1.07M | -$1.01M | -$811K | -$117K | -$88K | -$147K | $40K | $103K | -$154K | $21K | $1.38M | -$1.48M |
| Income Before Tax (EBT) | $1.63M | -$2.57M | -$1.73M | -$1.56M | $2.16M | -$2.81M | $2.95M | $1.41M | $553K | $2.54M | $439K | $162K | $633K | $280K | -$473K | -$136K | -$348K | -$372K | -$309K | -$740K | -$2.71M | -$1.47M | -$2.7M |
| Income Tax Expense | $144K | $58K | $79K | $209K | $49K | -$606K | $10K | $197K | $565K | $771K | $252K | $140K | $70K | -$342K | $0 | $0 | $0 | $800 | $0 | $269K | -$2.59M | -$107K | $2.22M |
| Net Income | $1.48M | -$2.63M | -$1.81M | -$1.77M | $2.11M | -$2.21M | $2.94M | $1.22M | -$11K | $1.77M | $188K | $22K | $563K | $622K | -$473K | -$136K | -$448K | -$372K | -$309K | -$740K | $794K | -$2.71M | -$2.9M |
| Net Income Margin | 4.8% | -8.3% | -6.5% | -7.6% | 10.6% | -21.6% | 13.8% | 6.6% | -0.1% | 14.2% | 1.7% | 0.2% | 6.9% | 8.6% | -12.8% | -4.4% | -16.2% | - | - | -219.7% | 144.5% | -288.1% | -201.6% |
| Supplementary Data | |||||||||||||||||||||||
| EPS | 0.06 | -0.10 | -0.07 | -0.07 | 0.10 | -0.12 | 0.11 | 0.03 | -0.00 | 0.05 | 0.01 | 0.00 | 0.01 | 0.02 | -0.01 | -0.00 | -0.01 | -0.04 | -0.67 | -1.60 | 20.80 | -109.95 | -227.48 |
| Diluted EPS | 0.06 | -0.10 | -0.07 | -0.07 | 0.10 | -0.12 | 0.11 | 0.03 | -0.00 | 0.04 | 0.01 | 0.00 | 0.01 | 0.02 | -0.01 | -0.00 | -0.01 | -0.04 | -0.67 | -1.60 | 20.80 | -109.95 | -227.48 |
| Weighted Average OS | 26.04M | 25.72M | 25.54M | 24.77M | 20.33M | 18.28M | 19.40M | 39.82M | 39.42M | 39.16M | 39.07M | 38.51M | 38.31M | 38.11M | 35.43M | 33.93M | 30.29M | 10.00M | 463,883 | 463,883 | 38,264 | 24,621 | 12,770 |
| EBITDA | $8.69M | $9.61M | $9.85M | $8.84M | $6.75M | $420K | $5.84M | $4.25M | $4.02M | $5.44M | $3.16M | $3.43M | $3.43M | $2.78M | $126K | $18K | -$148K | -$357K | -$123K | -$587K | -$1.94M | -$2.85M | -$1.1M |
| EBITDA Margin | 28.1% | 30.3% | 35.5% | 37.7% | 33.8% | 4.1% | 27.4% | 22.9% | 27.0% | 43.7% | 28.9% | 34.9% | 41.7% | 38.5% | 3.4% | 0.6% | -5.4% | - | - | -174.1% | -353.7% | -303.2% | -76.0% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Assets | |||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||
| Cash and Cash Equivalents | $4.31M | $18.12M | $16.69M | $18.24M | $16.06M | $5.99M | $9.69M | $6.31M | $3.49M | $2.3M | $571K | $560K | $439K | $398K | $200K | $444K | $409K | $12K | $2K | $13K | $1.23M | $35K | $126K |
| Short-Term Investments | $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 | $4.31M | $18.12M | $16.69M | $18.24M | $16.06M | $5.99M | $9.69M | $6.31M | $3.49M | $2.3M | $571K | $560K | $439K | $398K | $200K | $444K | $409K | $12K | $2K | $13K | $1.23M | $35K | $126K |
| Accounts Receivable | $5.87M | $4.82M | $4.25M | $3.97M | $5.91M | $3.72M | $2.09M | $2.85M | $2.3M | $2.14M | $1.83M | $1.86M | $1.29M | $1.04M | $973K | $344K | $433K | $316K | $0 | $0 | $218K | $1.02M | $439K |
| Inventory | $0 | $0 | $0 | $1.4M | $770K | $669K | $666K | $532K | $524K | $427K | $412K | $233K | $297K | $218K | $217K | $175K | $124K | $0 | $0 | $0 | $81K | $0 | $24K |
| Other Current Assets | $0 | $0 | $0 | $589K | $22K | $11K | $4K | $514K | $95K | $85K | $141K | $218K | $340K | $601K | $0 | $0 | $0 | -$382K | $219K | $72K | $72K | $470K | $0 |
| Total Current Assets | $11.57M | $24.17M | $22.16M | $24.19M | $23.89M | $11.56M | $14.47M | $10.21M | $6.77M | $5.15M | $3.06M | $2.95M | $2.39M | $2.29M | $1.45M | $989K | $1.01M | $12K | $220K | $96K | $1.53M | $1.54M | $588K |
| Long-Term Assets | |||||||||||||||||||||||
| Property, Plant & Equipment Net | $399K | $3.94M | $4.15M | $2.55M | $1.63M | $1.72M | $588K | $671K | $638K | $568K | $433K | $508K | $131K | $91K | $43K | $44K | $32K | $0 | $0 | $1.53M | $1.32M | $1.96M | $4.78M |
| Goodwill | $1.09M | $1.09M | $1.09M | $1.09M | $1.09M | $1.09M | $1.09M | $1.09M | $1.09M | $1.09M | $1.09M | $1.09M | $1.09M | $1.09M | $1.09M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $10.23M | $11.44M | $12.76M | $13.91M | $13.68M | $16.09M | $7.43M | $8.89M | $10.36M | $11.76M | $13.26M | $14.76M | $16.81M | $18.55M | $20.11M | $467K | $277K | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | -$410K | $9.38M | -$472K | $0 | $0 | $0 | $0 | $365K | $29K | $0 | $0 | $0 | $100K | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $410K | $399K | $334K | $231K | $367K | $83K | $144K | $437K | $342K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $4.22M | $367K | $321K | $273K | $167K | $117K | -$9.38M | $472K | $23K | $82K | $42K | $45K | $7K | $11K | $422K | $422K | $407K | $0 | $0 | $24K | $317K | $18K | $115K |
| Total Long-Term Assets | $15.93M | $16.84M | $18.32M | $17.82M | $16.56M | $19.01M | $9.51M | $10.99M | $12.34M | $13.86M | $14.91M | $16.54M | $18.84M | $20.11M | $21.67M | $933K | $717K | $100K | $0 | $1.56M | $1.64M | $1.97M | $4.89M |
| 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 |
| Total Assets | $27.5M | $41.01M | $40.48M | $42.01M | $40.45M | $30.57M | $23.98M | $21.19M | $19.11M | $19.01M | $17.97M | $19.49M | $21.23M | $22.4M | $23.12M | $1.92M | $1.73M | $112K | $220K | $1.65M | $3.17M | $3.52M | $5.48M |
| Liabilities | |||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||
| Accounts Payable | $1.88M | $2.65M | $1M | $1.13M | $374K | $468K | $766K | $682K | $1.04M | $462K | $1.42M | $518K | $242K | $287K | $275K | $196K | $309K | $161K | $174K | $146K | $697K | $479K | $146K |
| Short-Term Debt | $2.42M | $842K | $854K | $1.19M | $1.1M | $195K | $19K | $1.47M | $1.2M | $1.23M | $4.71M | $3.55M | $2.93M | $2.36M | $1.84M | $189K | $379K | $0 | $0 | $3K | $165K | $0 | $376K |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | -$3K | $96K | $65K | $82K | $520K | $786K | $265K | $93K | $94K | $65K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2K | $0 |
| Current Unearned Revenue | $286K | $0 | $167K | $17K | $38K | $29K | $1.29M | $1.44M | $1.08M | $1.01M | $718K | $648K | $527K | $440K | $336K | $221K | $209K | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $1.47M | $1.23M | $1.75M | $3.02M | $3.14M | $2.25M | $157K | $322K | $810K | $54K | $517K | $510K | $409K | $164K | $86K | $0 | $604K | $0 | $0 | $64K | $650K | $430K |
| Total Current Liabilities | $8.05M | $6.6M | $4.88M | $6.03M | $4.4M | $4.2M | $5.17M | $4.99M | $4.87M | $4.71M | $7.95M | $5.37M | $4.3M | $3.56M | $2.81M | $740K | $1.03M | $638K | $419K | $149K | $926K | $1.13M | $952K |
| Long-Term Liabilities | |||||||||||||||||||||||
| Long-Term Debt | $36.87M | $54.12M | $53.2M | $52.96M | $52.14M | $49.69M | $46.29M | $8.65M | $7.42M | $8.67M | $7.44M | $12.06M | $15.65M | $18.25M | $20.04M | $1.15M | $1.17M | $45K | $0 | $1.28M | $1.32M | $2.05M | $3.76M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | -$175K | $0 | -$242K | -$170K | -$105K | -$185K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $49K | $44K | $61K | $72K | $175K | $198K | $242K | $170K | $105K | $185K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 | $175K | $66K | $140K | $96K | $1.35M | $961K | $53K | $56K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $43K | $0 | $0 | $0 |
| Total Long-Term Liabilities | $36.92M | $54.46M | $53.84M | $53.86M | $53.34M | $51.17M | $46.45M | $8.75M | $8.78M | $9.68M | $7.57M | $12.25M | $15.65M | $18.25M | $20.04M | $1.15M | $1.17M | $45K | $0 | $1.32M | $1.32M | $2.05M | $3.76M |
| 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 |
| Total Liabilities | $44.97M | $61.07M | $58.72M | $59.9M | $57.74M | $55.37M | $51.62M | $13.74M | $13.65M | $14.39M | $15.52M | $17.62M | $19.95M | $21.81M | $22.84M | $1.89M | $2.2M | $683K | $419K | $1.47M | $2.25M | $3.18M | $4.71M |
| 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 |
| Common Stock | $25K | $25K | $25K | $24K | $24K | $22K | $18K | $40K | $40K | $39K | $39K | $39K | $38K | $38K | $38K | $35K | $33K | $163 | $163 | $3K | $15K | $15K | $8K |
| Retained Earnings | -$38.27M | -$39.75M | -$37.12M | -$35.32M | -$33.54M | -$35.66M | -$33.45M | $2.68M | $1.47M | $1.48M | -$792K | -$980K | -$1M | -$1.57M | -$2.19M | -$1.71M | -$1.58M | -$9.4M | -$9.02M | -$8.74M | -$7.99M | -$8.79M | -$6.08M |
| Comprehensive Income & Other | $104K | -$277K | -$117K | -$169K | -$147K | $38K | -$0 | -$1.17M | -$564K | -$627K | $240K | -$28K | -$278K | -$396K | -$81K | -$58K | -$46K | $0 | $0 | -$116K | -$123K | -$85K | -$67K |
| Other Stockholders' Equity | $20.77M | $19.67M | $18.86M | $17.41M | $16.23M | $10.84M | $5.8M | $4.73M | $3.96M | $3.11M | $3.2M | $2.82M | $2.24M | $2.12M | $2.42M | $1.71M | $1.07M | $8.82M | $8.82M | $8.82M | $8.79M | $8.31M | $6.68M |
| Total Equity | -$17.47M | -$20.05M | -$18.24M | -$17.89M | -$17.29M | -$24.8M | -$27.63M | $7.46M | $5.46M | $4.63M | $2.45M | $1.88M | $1.28M | $592K | $275K | $34K | -$479K | -$571K | -$199K | $90K | $807K | -$461K | $604K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $90K | $111K | $798K | $172K |
| Total Liabilities and Equity | $27.5M | $41.01M | $40.48M | $42.01M | $40.45M | $30.57M | $23.98M | $21.19M | $19.11M | $19.01M | $17.97M | $19.49M | $21.23M | $22.4M | $23.12M | $1.92M | $1.73M | $112K | $220K | $1.56M | $3.06M | $2.72M | $5.31M |
| Supplementary Data | |||||||||||||||||||||||
| Total Debt | $39.58M | $55.55M | $54.91M | $54.98M | $54.49M | $53.32M | $47.96M | $10.12M | $8.63M | $9.95M | $12.22M | $15.74M | $18.58M | $20.61M | $21.87M | $1.34M | $1.55M | $45K | $0 | $1.28M | $1.49M | $2.05M | $4.13M |
| Net Debt | $35.28M | $37.43M | $38.21M | $36.74M | $38.43M | $47.33M | $38.28M | $3.81M | $5.14M | $7.64M | $11.65M | $15.18M | $18.14M | $20.21M | $21.67M | $893K | $1.14M | $33K | -$2K | $1.27M | $260K | $2.01M | $4.01M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Operating Activities | |||||||||||||||||||||||
| Net Income | $1.48M | -$2.63M | -$1.81M | -$1.77M | $2.11M | -$2.21M | $2.94M | $1.22M | -$11K | $1.77M | $188K | $22K | $563K | $622K | -$473K | -$136K | -$348K | -$372K | -$309K | -$740K | $794K | -$2.71M | -$2.9M |
| Depreciation & Amortization | $3.47M | $3.12M | $2.52M | $2.99M | $3.09M | $2.55M | $2.21M | $1.84M | $1.77M | $1.7M | $1.67M | $1.67M | $1.63M | $1.62M | $458K | $39K | $23K | $0 | $0 | -$43K | -$44K | -$87K | -$80K |
| Deferred Income Tax | $5K | -$16K | -$12K | -$103K | $24K | $597K | -$65K | -$104K | $136K | $69K | $252K | $140K | $70K | -$342K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $540K | $920K | $1.02M | $1.28M | $1.53M | $738K | $928K | $776K | $813K | $146K | $120K | $324K | $6K | $91K | $28K | $27K | $11K | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||
| Accounts Receivable | -$766K | -$505K | $350K | $1.08M | -$2.37M | -$237K | -$362K | -$588K | -$173K | -$322K | -$390K | -$199K | -$247K | -$218K | -$575K | $5K | -$191K | $0 | $0 | $0 | -$173K | -$45K | -$39K |
| Inventory | $0 | $0 | $0 | $0 | -$428K | -$52K | -$477K | -$482K | -$448K | -$178K | -$289K | -$11K | -$139K | -$610 | -$107K | -$52K | -$77K | $0 | $0 | $0 | $146K | $0 | -$24K |
| Accounts Payable | -$773K | $1.52M | -$128K | $756K | -$91K | -$1.08M | $84K | -$353K | $573K | -$960K | $903K | $277K | -$45K | $12K | $79K | -$97K | $188K | $219K | $114K | -$316K | $259K | $330K | $576K |
| Other Working Capital | $575K | $224K | -$762K | $693K | $1.47M | -$1.29M | -$685K | $176K | -$489K | $1.05M | $526K | $265K | $175K | $117K | $206K | $22K | -$178K | $19K | $98K | $33K | -$217K | $40K | -$103K |
| Total Working Capital Change | -$964K | $1.19M | -$541K | $2.53M | -$1.41M | -$2.67M | -$1.44M | -$1.25M | -$536K | -$410K | $751K | $331K | -$256K | -$89K | -$397K | -$122K | -$258K | $238K | $211K | -$283K | $15K | $326K | $411K |
| Other Non-Cash Items | $3.16M | $1.52M | $1.55M | $1.47M | $661K | -$598K | $317K | $1.81M | $657K | $900K | $297K | $737K | $359K | $244K | $111K | $56K | $150K | $100K | $81K | $182K | -$2.34M | $954K | $2.07M |
| Net Cash from Operating | $7.7M | $4.1M | $2.73M | $6.39M | $6M | -$1.59M | $4.89M | $4.29M | $2.83M | $4.17M | $3.28M | $3.22M | $2.38M | $2.14M | -$274K | -$137K | -$422K | -$34K | -$16K | -$883K | -$1.58M | -$1.51M | -$505K |
| Investing Activities | |||||||||||||||||||||||
| Capital Expenditures | -$3.06M | -$2.1M | -$3.1M | -$2.8M | -$259K | -$63K | -$163K | -$103K | -$101K | -$83K | -$46K | -$112K | -$23K | -$18K | -$21K | -$25K | -$25K | $0 | $0 | $0 | $0 | -$80K | -$63K |
| Acquisitions | $232K | $0 | $0 | -$615K | $25K | -$6.39M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$639K | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | -$2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$200K | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $40K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | -$1.62M | $140K | $2M | -$174K | -$6.39M | -$57K | -$33K | -$44K | $0 | -$46K | -$35K | $5K | -$44K | $29K | -$18K | $45K | $0 | $5K | $574 | $3.62M | $3.13M | $189K |
| Net Cash from Investing | -$2.83M | -$1.62M | -$2.96M | -$3.42M | -$234K | -$6.46M | -$163K | -$103K | -$101K | -$83K | -$46K | -$112K | -$18K | -$62K | $8K | -$3K | $20K | $0 | $5K | -$199K | $2.98M | $3.04M | $126K |
| Financing Activities | |||||||||||||||||||||||
| Debt Repaid | $18.26M | $942K | $1.69M | $1.26M | -$45.7M | -$3.11M | $1.53M | -$404K | $1.68M | $1.68M | $3.49M | $2.98M | $2.32M | $1.87M | $81K | $91K | -$179K | $21K | - | $13K | $221K | $1.66M | -$458K |
| Common Stock Issuance | $175K | $56K | $376K | $573K | $902K | $279K | $200K | $0 | $35K | $0 | $0 | $0 | $0 | $0 | $200K | $500K | $633K | $0 | $0 | $0 | $0 | $45K | $40K |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | -$39.1M | $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 |
| Other Financing Activities | -$768K | $0 | $320K | -$60K | $35.96M | $279K | $166K | -$1.33M | $18K | $0 | $0 | $0 | $0 | $0 | $0 | $15K | $0 | $0 | $0 | -$122K | $10K | $0 | $0 |
| Net Cash from Financing | -$18.86M | -$886K | -$1.37M | -$746K | $4.36M | $4.39M | -$1.36M | -$1.44M | -$1.66M | -$2.32M | -$3.21M | -$2.98M | -$2.32M | -$1.4M | $22K | $175K | $785K | $45K | $0 | -$135K | -$211K | -$1.62M | $498K |
| Forex Effect | $173K | -$163K | $48K | -$49K | -$67K | -$40K | $11K | -$19K | $121K | -$32K | -$11K | -$14K | $6K | -$461K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$13.81M | $1.43M | -$1.55M | $2.18M | $10.07M | -$3.69M | $3.38M | $2.73M | $1.18M | $1.73M | $10K | $122K | $40K | $216K | -$244K | $36K | $383K | $11K | -$11K | -$1.22M | $1.19M | -$90K | $119K |
| Supplementary Data | |||||||||||||||||||||||
| Operating Cash Flow | $7.7M | $4.1M | $2.73M | $6.39M | $6M | -$1.59M | $4.89M | $4.29M | $2.83M | $4.17M | $3.28M | $3.22M | $2.38M | $2.14M | -$274K | -$137K | -$422K | -$34K | -$16K | -$883K | -$1.58M | -$1.51M | -$505K |
| Capital Expenditure | -$3.06M | -$2.81M | -$3.79M | -$2.8M | -$259K | -$63K | -$163K | -$103K | -$101K | -$83K | -$46K | -$112K | -$23K | -$18K | -$21K | -$25K | -$25K | $0 | $0 | $0 | $0 | -$80K | -$63K |
| Free Cash Flow | $4.64M | $1.29M | -$1.06M | $3.59M | $5.74M | -$1.65M | $4.73M | $4.19M | $2.73M | $4.08M | $3.24M | $3.11M | $2.35M | $2.12M | -$295K | -$161K | -$447K | -$34K | -$16K | -$883K | -$1.58M | -$1.6M | -$568K |
| Cash at Beginning | $18.12M | $16.69M | $18.24M | $16.06M | $5.99M | $9.69M | $6.31M | $3.58M | $2.3M | $571K | $560K | $439K | $398K | $183K | $444K | $409K | $26K | $2K | $13K | $1.23M | $35K | $126K | $6K |
| Cash at End | $4.31M | $18.12M | $16.69M | $18.24M | $16.06M | $5.99M | $9.69M | $6.31M | $3.49M | $2.3M | $571K | $560K | $439K | $398K | $200K | $444K | $409K | $12K | $2K | $13K | $1.23M | $35K | $126K |