IQE PLC/ADR (IQEPF)
IQE plc specializes in the development, production, and sale of sophisticated semiconductor materials. The company's operations are divided into three main divisions: Wireless, Photonics, and CMOS++. It manufactures compound semiconductor wafers, known as epiwafers, utilizing an epitaxy process. Within its Wireless segment, IQE offers various products based on Gallium Arsenide (GaAs), Gallium Nitride (GaN), and Indium Phosphide (InP) technologies, alongside silicon and germanium epitaxial wafer structures. These include GaAs HBTs, pHEMTs, and BiFETs/BiHEMTs, which are crucial components for applications such as mobile phones, smart devices, 5G infrastructure, WiFi 6, Bluetooth, and satellite communication systems. The Photonics division provides innovative solutions like vertical cavity surface emitting lasers (VCSELs). These VCSELs enable advanced 3D sensing functionalities, including facial recognition, gesture control, and light detection and ranging (LiDAR), as well as other sensing applications. The company also supplies Indium Phosphide (InP) laser and detector wafers, essential for high-speed 5G telecommunications and fiber optic data networks. Furthermore, IQE offers Gallium Nitride (GaN) and Gallium Antimonide (GaSb) for multicolor micro-LED displays, and a range of GaSb and InP materials used in high-definition infrared imaging and sensing for security, health monitoring, and environmental monitoring. Beyond these, IQE manufactures a variety of substrate products, including GaSb, InP, InAs, InSb, CZT, along with custom-sized or geometric wafers, polycrystalline materials, high-purity group III/V source materials, and tailor-made orientation substrates. The company also offers specialized services such as nanoimprint lithography. IQE plc operates globally, serving customers across the United States, the wider Americas, France, Germany, Israel, the United Kingdom, the rest of Europe, the Middle East, Africa, the People's Republic of China, Japan, Taiwan, and the broader Asia-Pacific region. Established in 1988, IQE plc maintains its headquarters in Cardiff, United Kingdom.
Industry: Semiconductors
IQE plc
OTC:IQEPFTechnology · Semiconductors
+1.97%$0.4600
Mkt Cap-
Float851.78M
O/S-
Inst Own-
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$129.85M
Net Income-$48.97M
Total Assets$284.71M
Free Cash Flow-$6.18M
Debt & Equity
Debt 51%
Equity 49%
Total Debt$122.36M
Total Equity$119.7M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in IQEPF's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$284.71M
Liabilities$165.01M
Accounts Receivable$37.49M
Accounts Payable$39.16M
Inventory$24.91M
PP&E (Net)$178.03M
Goodwill$0
Intangible Assets$23.01M
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Revenue | $129.85M | $157.55M | $153.83M | $223.57M | $205.68M | $237.61M | $186.89M | $208.61M | $206.19M | $177.13M | $152.2M | $149.51M | $169.21M | $117.41M | $100.53M | $96.97M | $70.28M | $80.73M | $66.83M | $43.27M | $27.88M | $20.48M | $25.03M | $30.65M | $56.12M | $40.2M | $25.42M | $21.16M |
| YoY Growth | -17.6% | 2.4% | -31.2% | 8.7% | -13.4% | 27.1% | -10.4% | 1.2% | 16.4% | 16.4% | 1.8% | -11.6% | 44.1% | 16.8% | 3.7% | 38.0% | -13.0% | 20.8% | 54.4% | 55.2% | 36.1% | -18.2% | -18.3% | -45.4% | 39.6% | 58.2% | 20.1% | - |
| Cost of Revenue | $134.17M | $151.61M | $150.73M | $188.34M | $182.13M | $193.36M | $158.34M | $158.62M | $154.64M | $130.78M | $111.28M | $114.81M | $138.37M | $92.75M | $76.27M | $74.81M | $54.82M | $69.27M | $55.84M | $40.14M | $24.25M | $25.57M | $29.41M | $120.9M | $43.22M | $26.41M | $16.76M | $13.57M |
| Gross Profit | -$4.32M | $5.93M | $3.11M | $35.24M | $23.55M | $44.25M | $28.54M | $49.99M | $51.55M | $46.35M | $40.91M | $34.7M | $30.84M | $24.65M | $24.26M | $22.16M | $15.46M | $11.46M | $10.98M | $3.14M | $3.63M | -$5.09M | -$4.38M | -$90.26M | $12.9M | $13.79M | $8.66M | $7.59M |
| Gross Margin | -3.3% | 3.8% | 2.0% | 15.8% | 11.5% | 18.6% | 15.3% | 24.0% | 25.0% | 26.2% | 26.9% | 23.2% | 18.2% | 21.0% | 24.1% | 22.8% | 22.0% | 14.2% | 16.4% | 7.2% | 13.0% | -24.9% | -17.5% | -294.5% | 23.0% | 34.3% | 34.1% | 35.9% |
| Research and Development | $0 | $0 | $10.44M | $10.54M | $2.63M | $1.2M | $1.54M | $35K | $92K | $191K | $184K | $4.41M | $3.31M | $0 | $143K | $458K | $356K | $352K | $267K | $513K | $666K | $1.11M | $2.46M | $4.28M | $5.06M | $2.5M | $1.74M | $2.04M |
| Selling, General, and Administrative | $28.66M | $40.02M | $34.1M | $41.64M | $50.32M | $46.31M | $48.45M | $39.89M | $28.81M | $21.83M | $20.62M | $22.83M | $20.8M | $15.29M | $5.63M | $4.65M | $11.39M | $10.35M | $10.16M | $5.41M | $6.69M | $5.52M | $0 | $13.88M | $0 | $0 | $0 | $0 |
| Other | $0 | $9.91M | -$7.02M | $80.44M | -$2.63M | $4.1M | -$1.54M | $0 | $0 | $3.12M | $1.04M | -$2.3M | -$239K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $11.08M | $21K | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $28.66M | $49.93M | $37.52M | $132.62M | $50.32M | $51.61M | $48.45M | $38.43M | $28.81M | $18.71M | $19.59M | $25.13M | $21.03M | $15.29M | $14.51M | $13.26M | $11.53M | $10.67M | $10.76M | $8.13M | $11.73M | $8.7M | $13.53M | $20.82M | $17.53M | $11.09M | $6.28M | $6.03M |
| Operating Income (EBIT) | -$32.97M | -$43.99M | -$34.41M | -$97.44M | -$26.67M | -$7.36M | -$25.1M | $11.56M | $22.72M | $27.58M | $28.25M | $9.57M | $9.81M | $9.36M | $9.84M | $9.62M | $4.06M | $92K | $232K | -$4.94M | -$5.78M | -$13.82M | -$17.91M | -$157.79M | -$8.09M | $2.38M | $1.71M | $1.56M |
| Operating Margin | -25.4% | -27.9% | -22.4% | -43.6% | -13.0% | -3.1% | -13.4% | 5.5% | 11.0% | 15.6% | 18.6% | 6.4% | 5.8% | 8.0% | 9.8% | 9.9% | 5.8% | 0.1% | 0.3% | -11.4% | -20.7% | -67.5% | -71.5% | -514.9% | -14.4% | 5.9% | 6.7% | 7.4% |
| Interest Expense | $9.7M | $5.27M | $4.05M | $3.24M | $2.95M | $2.89M | $2.14M | $0 | $2.8M | $1.99M | $2.39M | $2.57M | $2.88M | $1.18M | $642K | $1.17M | $1.32M | $1.94M | $1.46M | $525K | $0 | $482K | $838K | $21K | $1.07M | $563K | $786K | $541K |
| Interest Income | $392K | $0 | $0 | $0 | $0 | $0 | $198K | $116K | $0 | $35K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $77K | $139K | $47K | $328K | $541K | $0 | $1.35M | $2.18M | $436K | $23K |
| Other Income (Expense) | -$16.45M | -$5.27M | -$4.05M | -$3.24M | -$2.95M | $2.17M | -$8.2M | -$2.55M | -$2.8M | -$1.95M | -$2.39M | -$2.57M | -$2.88M | -$1.18M | -$642K | -$1.17M | -$1.32M | -$1.94M | -$1.38M | -$386K | $47K | $330K | -$298K | -$21K | $282K | $1.61M | -$788K | -$518K |
| Income Before Tax (EBT) | -$49.42M | -$49.26M | -$38.46M | -$100.64M | -$29.62M | -$5.2M | -$33.3M | $9.01M | $19.91M | $25.4M | $25.86M | $7M | $6.93M | $8.18M | $9.2M | $8.45M | $2.75M | -$1.85M | -$1.15M | -$5.33M | -$5.73M | -$13.49M | -$18.21M | -$157.81M | -$7.81M | $4M | $925K | $1.04M |
| Income Tax Expense | -$452K | $1.7M | $757K | -$1.2M | $11.76M | -$1.34M | $13.59M | $7.42M | $581K | -$545K | -$1.03M | $4.33M | -$1.25M | -$671K | -$2.07M | -$1.56M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.62M | -$360K | $1.58M | -$199K | $307K |
| Net Income | -$48.97M | -$50.96M | -$39.21M | -$99.44M | -$41.38M | -$4.37M | -$47.35M | $1.29M | $19.43M | $23.84M | $26.51M | $2.18M | $7.95M | $8.18M | $9.2M | $10.02M | $2.75M | -$1.85M | -$1.15M | -$5.33M | -$5.73M | -$13.49M | -$18.21M | -$156.19M | -$7.45M | $2.42M | $1.12M | $737K |
| Net Income Margin | -37.7% | -32.3% | -25.5% | -44.5% | -20.1% | -1.8% | -25.3% | 0.6% | 9.4% | 13.5% | 17.4% | 1.5% | 4.7% | 7.0% | 9.2% | 10.3% | 3.9% | -2.3% | -1.7% | -12.3% | -20.5% | -65.8% | -72.7% | -509.7% | -13.3% | 6.0% | 4.4% | 3.5% |
| Supplementary Data | ||||||||||||||||||||||||||||
| EPS | -0.04 | -0.04 | -0.03 | -0.09 | -0.04 | -0.00 | -0.05 | 0.00 | 0.02 | 0.03 | 0.03 | 0.00 | 0.01 | 0.01 | 0.02 | 0.02 | 0.00 | -0.00 | -0.00 | -0.01 | -0.01 | -0.03 | -0.05 | -0.63 | -0.03 | 0.01 | 0.01 | 0.01 |
| Diluted EPS | -0.04 | -0.04 | -0.03 | -0.09 | -0.04 | -0.00 | -0.05 | 0.00 | 0.02 | 0.03 | 0.03 | 0.00 | 0.01 | 0.01 | 0.02 | 0.01 | 0.00 | -0.00 | -0.00 | -0.01 | -0.01 | -0.03 | -0.05 | -0.63 | -0.03 | 0.01 | 0.01 | 0.00 |
| Weighted Average OS | 972.93M | 964.32M | 895.67M | 804.47M | 801.65M | 797.23M | 787.18M | 761.75M | 735.35M | 708.72M | 662.63M | 650.84M | 642.24M | 571.97M | 559.40M | 501.33M | 463.20M | 432.21M | 430.60M | 350.73M | 315.98M | 315.47M | 250.49M | 185.51M | 164.95M | 146.20M | 143.47M | 113.68M |
| EBITDA | -$677K | -$8.31M | -$1.49M | -$62.31M | $6.98M | $30.44M | -$1.41M | $26.29M | $39M | $41.1M | $43.24M | $23.57M | $24.61M | $19.36M | $16.91M | $15.77M | $9.55M | $4.79M | $3.92M | -$2.51M | -$3.39M | -$10.01M | -$14.54M | -$70.7M | $1.83M | $8.35M | $3.73M | $3.5M |
| EBITDA Margin | -0.5% | -5.3% | -1.0% | -27.9% | 3.4% | 12.8% | -0.8% | 12.6% | 18.9% | 23.2% | 28.4% | 15.8% | 14.5% | 16.5% | 16.8% | 16.3% | 13.6% | 5.9% | 5.9% | -5.8% | -12.2% | -48.9% | -58.1% | -230.7% | 3.3% | 20.8% | 14.7% | 16.5% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Assets | ||||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $20.89M | $6.22M | $7.5M | $15.48M | $14.4M | $32.92M | $11.75M | $27.77M | $60.88M | $6.62M | $6.2M | $7.45M | $4.35M | $3.7M | $4.32M | $16.69M | $5.65M | $0 | $15K | $5.43M | $8.34M | $13.24M | $29.02M | $23.65M | $40.75M | $52.74M | $10.83M | $1.02M |
| 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 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $20.89M | $6.22M | $7.5M | $15.48M | $14.4M | $32.92M | $11.75M | $27.77M | $60.88M | $6.62M | $6.2M | $7.45M | $4.35M | $3.7M | $4.32M | $16.69M | $5.65M | $0 | $15K | $5.43M | $8.34M | $13.24M | $29.02M | $23.65M | $40.75M | $52.74M | $10.83M | $1.02M |
| Accounts Receivable | $37.49M | $46.78M | $46.27M | $52.77M | $39.47M | $36.46M | $33.88M | $41.09M | $35.75M | $33.16M | $16.91M | $17.1M | $12.43M | $25.61M | $19.14M | $22.35M | $17.7M | $15.58M | $14.15M | $8.65M | $0 | $0 | $0 | $0 | $0 | $11.72M | $4.24M | $0 |
| Inventory | $24.91M | $26.71M | $32.8M | $45.65M | $42.33M | $41.23M | $40.93M | $47.66M | $44.99M | $38.04M | $28.32M | $24.39M | $23.63M | $24.49M | $20.18M | $15.81M | $14.4M | $15.03M | $10.2M | $11.45M | $5.76M | $4.58M | $4.62M | $6.66M | $16.39M | $10.52M | $3.43M | $2.12M |
| Other Current Assets | $0 | $160K | $3.04M | $4.16M | $5.57M | $10.4M | $6.17M | $7.05M | $4.95M | $8.04M | $13.86M | $15.56M | $18.15M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.43M | $2.54M | $2.51M | $3.65M | $8.19M | $0 | $0 | $3.05M |
| Total Current Assets | $83.29M | $83.04M | $94.35M | $120.93M | $108.6M | $125.63M | $96.81M | $126.18M | $148.91M | $85.86M | $65.28M | $64.5M | $58.55M | $53.8M | $43.64M | $54.85M | $37.75M | $30.61M | $24.36M | $25.54M | $18.63M | $21.3M | $36.89M | $35.27M | $67.15M | $77.03M | $24.6M | $6.82M |
| Long-Term Assets | ||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $178.03M | $208.07M | $223.5M | $224.91M | $232.25M | $218.32M | $234.7M | $166.1M | $121.2M | $113.46M | $86.97M | $88.88M | $95.89M | $83.18M | $49.85M | $31.77M | $28.52M | $34.2M | $23.02M | $15.75M | $11.77M | $12.29M | $15.15M | $18.5M | $99.03M | $63.87M | $15.33M | $7.34M |
| Goodwill | $0 | $10.12M | $9.88M | $10.22M | $85.82M | $85.07M | $89.07M | $90.27M | $85.97M | $92.86M | $77.22M | $74.59M | $70.56M | $48.54M | $26.46M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $23.01M | $28.52M | $11.9M | $39.19M | $42.14M | $56.11M | $69.04M | $72.27M | $58.87M | $45.91M | $38.69M | $34.96M | $30.7M | $23.76M | $17.2M | $40.58M | $24.66M | $19.59M | $16.16M | $14.81M | $48.51M | $48.51M | $48.51M | $48.51M | $46.26M | $48.78M | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $311.72M | $100K | $10.69M | $10.25M | $9.2M | $10.68M | $0 | $175M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $12K | $3K | $0 | $0 | $0 |
| Deferred Tax Assets | $376K | $0 | $0 | $0 | $0 | $10.44M | $7.58M | $17.68M | $23.72M | $24.27M | $18.97M | $16.46M | $21.41M | $19.42M | $2.5M | $1.1M | $5.65M | $0 | $15K | $5.43M | $8.34M | $13.24M | $29.02M | $23.65M | $40.75M | $52.74M | $10.83M | $1.02M |
| Other Long-Term Assets | $0 | $0 | $25.44M | $0 | $0 | -$311.72M | $0 | $0 | $100K | $1.48M | $0 | $3K | -$175M | $4.28M | $0 | $0 | -$5.65M | $0 | -$15K | -$5.43M | -$56.85M | -$61.76M | -$77.53M | -$72.16M | -$40.75M | -$52.74M | -$10.83M | -$1.02M |
| Total Long-Term Assets | $201.42M | $246.71M | $270.73M | $274.29M | $360.2M | $369.94M | $400.49M | $357.02M | $300.1M | $287.18M | $232.53M | $214.9M | $218.55M | $179.18M | $96.01M | $73.45M | $53.18M | $53.79M | $39.18M | $30.56M | $11.77M | $12.29M | $15.15M | $18.51M | $145.29M | $112.64M | $15.33M | $7.34M |
| 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 |
| Total Assets | $284.71M | $329.75M | $365.08M | $395.22M | $468.8M | $495.58M | $497.31M | $483.19M | $449.01M | $373.04M | $297.81M | $279.4M | $277.11M | $232.98M | $139.65M | $128.3M | $90.93M | $84.4M | $63.54M | $56.1M | $30.4M | $33.59M | $52.04M | $53.78M | $212.44M | $189.67M | $39.93M | $14.16M |
| Liabilities | ||||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||||
| Accounts Payable | $39.16M | $11.56M | $20.35M | $22.7M | $27.87M | $29.5M | $23.09M | $33.83M | $31.44M | $31.14M | $17.13M | $19.38M | $20.14M | $21.42M | $15.52M | $16.71M | $14.63M | $11.8M | $9.74M | $8.66M | $4.08M | $5.26M | $5.15M | $6.56M | $8.91M | $17.95M | $4.16M | $3.55M |
| Short-Term Debt | $62.92M | $9.45M | $5.54M | $8.31M | $8.32M | $8.28M | $2.71M | $0 | $0 | $10.21M | $4.22M | $18.51M | $5.34M | $2.25M | $0 | $5.44M | $8.77M | $10.8M | $7.89M | $3.68M | $2.32M | $1.35M | $3.88M | $5.01M | $4.29M | $1.68M | $697K | $992K |
| Current Income Tax Payable | $0 | $1.24M | $709K | $934K | $1.79M | $1.9M | $1.55M | $575K | $280K | $2.76M | $2.39M | $1.43M | $836K | $422K | $410K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $87K | $0 | $0 | $216K |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $20.46M | $16.35M | $9.38M | -$13.35M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$9.02M | -$11.57M | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $850K | $22.39M | $19.66M | $11.26M | $8.51M | $3.97M | $3M | $18.46M | $9.78M | $5.05M | $4.19M | -$6.66M | $3.47M | $20.48M | $14.98M | $7.76M | $6.01M | $7.65M | $3.16M | $1.63M | $1.95M | $1.86M | $2.3M | $4.17M | $2.23M | $2.99M | $1.03M | $1.48M |
| Total Current Liabilities | $109.23M | $55.08M | $74.91M | $68.47M | $70.79M | $64.8M | $43.57M | $65.26M | $59.95M | $61.42M | $64.14M | $62.29M | $47.94M | $45.56M | $30.97M | $32.23M | $31.16M | $30.55M | $21.71M | $14.41M | $8.48M | $8.64M | $11.49M | $15.89M | $15.94M | $23.23M | $6.03M | $6.45M |
| Long-Term Liabilities | ||||||||||||||||||||||||||||
| Long-Term Debt | $0 | $31.31M | $4.93M | $27.55M | $13.83M | $22.08M | $30.35M | $0 | $0 | $49.19M | $32.87M | $29.37M | $42.58M | $18.81M | $9.46M | $1.88M | $16.81M | $13.41M | $11.02M | $9.66M | $4.87M | $2.87M | $4.08M | $8.01M | $10.96M | $7.26M | $5.37M | $6.23M |
| Long-Term Unearned Revenue | $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 Deferred Tax Liabilities | $336K | $1.03M | $806K | $1.42M | $2.75M | $2.74M | $2.48M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.62M | $2.12M | $442K | $623K |
| Other Long-Term Liabilities | $2.58M | $3.43M | $3.84M | $2.68M | $1.94M | $1.98M | $0 | $5.12M | $889K | $2.89M | $4.55M | $25.85M | $35.55M | $45.9M | $2.08M | $11.07M | $3.14M | $111K | $163K | $214K | $606K | $869K | $1.72M | $602K | $232K | $92K | $124K | $13K |
| Total Long-Term Liabilities | $55.78M | $95.67M | $63.55M | $93.03M | $84.85M | $83.16M | $92.75M | $5.12M | $889K | $52.08M | $37.42M | $55.37M | $79.33M | $67.02M | $11.57M | $12.95M | $19.94M | $13.52M | $11.19M | $9.87M | $5.47M | $3.74M | $5.8M | $8.61M | $12.82M | $9.47M | $5.94M | $6.87M |
| 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 |
| Total Liabilities | $165.01M | $150.74M | $138.45M | $161.51M | $155.64M | $147.96M | $136.33M | $70.38M | $60.84M | $113.5M | $101.55M | $117.66M | $127.28M | $112.59M | $42.54M | $45.18M | $51.1M | $44.07M | $32.9M | $24.28M | $13.95M | $12.38M | $17.28M | $24.5M | $28.76M | $32.7M | $11.97M | $13.32M |
| 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 |
| Common Stock | $13.06M | $12.91M | $12.83M | $10.68M | $10.73M | $10.68M | $10.63M | $10.37M | $10.09M | $9.02M | $8.88M | $8.81M | $8.64M | $7.85M | $7.01M | $6.88M | $5.92M | $5.78M | $5.75M | $5.74M | $4.5M | $4.21M | $4.21M | $2.5M | $2.43M | $2.18M | $1.81M | $1.39M |
| Retained Earnings | -$163.27M | -$114.31M | -$63.36M | -$60.33M | $39.1M | $82.87M | $85.19M | $132.54M | $130.76M | $119.43M | $93.7M | $67.19M | $65.01M | $57.06M | $48.21M | $37.4M | $27.38M | $24.63M | -$203.47M | -$202.32M | -$197M | -$191.21M | -$177.72M | -$159.51M | -$3.32M | $4.13M | $1.71M | $586K |
| Comprehensive Income & Other | $61.76M | $72.22M | $69.13M | $76.8M | $56.94M | $48.26M | $56.62M | $63.42M | $48.23M | $74.09M | $24.22M | $17.36M | $8.49M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $269.91M | $280.41M | $277.15M | $283.37M | $263.34M | $254.06M | $260.02M | $265.17M | $243M | $126.88M | $90.42M | $82.91M | $73.84M | $55.48M | $41.89M | $38.84M | $6.53M | $9.92M | $228.37M | $228.4M | $208.95M | $208.2M | $208.27M | $186.3M | $184.57M | $150.66M | $24.44M | -$1.13M |
| Total Equity | $119.7M | $179.01M | $226.62M | $233.72M | $313.16M | $347.62M | $355.84M | $408.08M | $383.86M | $255.32M | $193.01M | $158.91M | $147.49M | $120.39M | $97.1M | $83.12M | $39.83M | $40.33M | $30.65M | $31.82M | $16.45M | $21.21M | $34.76M | $29.28M | $183.68M | $156.96M | $27.96M | $842K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $5.14M | $4.74M | $4.31M | $4.21M | $3.25M | $2.83M | $2.34M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $284.71M | $329.75M | $365.08M | $395.22M | $468.8M | $495.58M | $492.17M | $478.46M | $444.7M | $368.82M | $294.56M | $276.57M | $274.77M | $232.98M | $139.65M | $128.3M | $90.93M | $84.4M | $63.54M | $56.1M | $30.4M | $33.59M | $52.04M | $53.78M | $212.44M | $189.67M | $39.93M | $14.16M |
| Supplementary Data | ||||||||||||||||||||||||||||
| Total Debt | $122.36M | $98.76M | $72.27M | $103.58M | $94.74M | $93.12M | $97.1M | $0 | $0 | $59.41M | $37.2M | $49.17M | $50.2M | $24.37M | $9.55M | $7.32M | $25.58M | $24.21M | $18.91M | $13.33M | $7.19M | $4.22M | $4.08M | $13.02M | $15.25M | $8.94M | $6.07M | $7.22M |
| Net Debt | $101.48M | $92.54M | $64.77M | $88.09M | $80.34M | $60.2M | $85.36M | -$27.77M | -$60.88M | $52.79M | $31M | $41.71M | $45.85M | $20.67M | $5.23M | -$9.37M | $19.93M | $24.21M | $18.9M | $7.9M | -$1.15M | -$9.03M | -$24.94M | -$10.62M | -$25.5M | -$43.8M | -$4.77M | $6.2M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Operating Activities | ||||||||||||||||||||||||||||
| Net Income | -$48.97M | -$49.26M | -$38.46M | -$100.64M | -$29.62M | -$5.2M | -$33.3M | $9.01M | $19.91M | $25.4M | $25.86M | $7M | $6.93M | $9.36M | $9.84M | $9.62M | $4.06M | $92K | $232K | -$4.94M | -$5.78M | -$13.82M | -$17.91M | -$157.79M | -$8.09M | $2.38M | $1.71M | $1.56M |
| Depreciation & Amortization | $32.3M | $35.68M | $32.92M | $35.1M | $33.65M | $32.75M | $29.75M | $17.19M | $16.05M | $14.6M | $14.99M | $14M | $14.81M | $10M | $7.07M | $6.15M | $5.48M | $4.7M | $3.61M | $2.34M | $2.08M | $2.99M | $2.83M | $131.72M | $8.57M | $3.79M | $2.01M | $1.92M |
| Deferred Income Tax | $0 | $0 | $0 | $94.37M | $11.22M | $12.83M | $20.91M | $8.56M | -$10.61M | -$3.04M | -$8.8M | $17.18M | -$2.98M | $892K | $0 | -$1.44M | -$1.6M | -$2M | -$1.03M | -$541K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $4.77M | $4.24M | $3.42M | $443K | $2.26M | $354K | -$1.03M | -$1.39M | $10.05M | $2.73M | $2.67M | $1.95M | $1.89M | $1.82M | $1.71M | $1.74M | $1.2M | $1.18M | $762K | $669K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||||||
| Accounts Receivable | $9.27M | -$812K | $8.81M | -$7.39M | $3.91M | -$9.54M | $5.51M | -$5.38M | -$9.11M | $1.92M | $3.66M | $1.01M | $3.08M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.71M | $0 | $0 | $0 | $0 | $0 |
| Inventory | $865K | $4.91M | $10.01M | -$3.87M | -$1.83M | -$5.51M | $2.92M | -$1.85M | -$8.53M | -$5.61M | -$3.75M | -$1.06M | $8.55M | -$4.04M | -$4.12M | -$271K | -$454K | -$1.9M | $1.25M | -$2.05M | -$1.17M | $41K | $2.03M | $9.73M | -$5.86M | -$5.36M | -$1.31M | -$382K |
| Accounts Payable | -$630K | $0 | -$2.35M | -$5.2M | -$1.99M | $15.91M | -$15.63M | -$4.32M | $7.87M | -$2.88M | -$3.06M | -$1.01M | -$3.08M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$1.3M | -$9.13M | -$1.95M | -$8.11M | -$1.99M | $0 | $0 | $0 | $80K | $0 | $0 | $825K | -$4.36M | -$466K | $31K | -$2.88M | $187K | $2.8M | -$3.66M | -$1.81M | $162K | -$1.05M | -$2.07M | $3.97M | -$4.03M | $13.76M | -$6.26M | $1.57M |
| Total Working Capital Change | $8.21M | -$5.03M | $14.52M | -$24.56M | $92K | $857K | -$7.2M | -$11.55M | -$9.69M | -$6.58M | -$3.16M | $782K | $7.27M | -$4.51M | -$4.09M | -$3.15M | -$267K | $898K | -$2.41M | -$3.86M | -$1.01M | -$1.01M | $1.67M | $13.7M | -$9.89M | $8.4M | -$7.57M | $1.19M |
| Other Non-Cash Items | $8.66M | $10.53M | -$4.51M | $3.23M | $2.95M | $2.89M | $1.72M | -$116K | $3.32M | -$6.23M | -$6.06M | -$21.3M | -$13.86M | -$11.18M | -$761K | $48K | -$52K | $3.08M | $247K | -$52K | -$2.05M | -$307K | -$371K | $262K | $691K | $1.46M | -$1.16M | -$719K |
| Net Cash from Operating | $4.97M | -$3.84M | $7.9M | $7.93M | $20.55M | $44.48M | $10.85M | $21.7M | $29.03M | $26.88M | $25.51M | $19.61M | $14.06M | $6.38M | $13.78M | $12.96M | $8.83M | $7.95M | $1.42M | -$6.39M | -$6.76M | -$12.14M | -$13.78M | -$12.12M | -$8.72M | $16.03M | -$5M | $3.95M |
| Investing Activities | ||||||||||||||||||||||||||||
| Capital Expenditures | -$11.15M | -$15.16M | -$16.23M | -$23.89M | -$24.55M | -$13.88M | -$56.19M | -$56.54M | -$37.63M | -$25.44M | -$13.35M | -$12.58M | -$13.48M | -$21.24M | -$26.04M | -$11.7M | -$5.65M | -$10.7M | -$12.29M | -$2.21M | -$1.15M | -$464K | -$312K | -$5.03M | -$33.59M | -$44.8M | -$12.73M | -$2.65M |
| Acquisitions | -$48K | -$340K | -$521K | $9.61M | -$2.28M | $0 | $13K | $0 | $0 | -$15.02M | $0 | $0 | -$48.76M | -$9.4M | -$1.51M | $1K | -$274K | $0 | $0 | -$13.62M | $0 | $0 | $0 | $0 | $0 | -$18.64M | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$4.28M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $1.9M | -$7.22M | -$4K | $2.39M | -$1.82M | $351K | -$16M | -$22.6M | -$10.82M | -$8.24M | -$8.34M | -$6.54M | -$3.6M | $120K | $1.96M | $0 | $239K | $207K | $474K | $5.66M | $16.33M | -$7.23M | $16.35M | $8.01M | $0 | $2.84M | $0 |
| Net Cash from Investing | -$11.2M | -$13.61M | -$23.97M | -$14.28M | -$24.43M | -$15.7M | -$55.83M | -$56.54M | -$37.63M | -$40.46M | -$13.35M | -$12.58M | -$62.24M | -$34.92M | -$27.44M | -$9.74M | -$5.92M | -$10.46M | -$12.08M | -$15.35M | $4.52M | $15.86M | -$7.54M | -$5.03M | -$25.59M | -$63.45M | -$9.89M | -$2.65M |
| Financing Activities | ||||||||||||||||||||||||||||
| Debt Repaid | -$28.55M | -$20.62M | $24.6M | -$12.76M | $8.2M | $2.71M | -$33.06M | - | $63.49M | -$12.39M | $14.36M | $4.5M | -$27.45M | -$12.67M | -$446K | $19.68M | -$3.71M | -$2.34M | -$3.67M | $2.41M | -$3.66M | $479K | $1.31M | $884K | $618K | $557K | $591K | $1.11M |
| Common Stock Issuance | $148K | $247K | $41.7M | $133K | $630K | $320K | $950K | $1.09M | $126.69M | $771K | $726K | $371K | $21.5M | $15.28M | $822K | $27.38M | $796K | $278K | $206K | $21.25M | $87K | $160K | $24.18M | $4.36M | $33.43M | $89.91M | $25.87M | $246K |
| 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 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$7.58M | -$4.63M | -$1.86M | -$6.58M | -$7.34M | -$1.62M | -$4.87M | $0 | $0 | $0 | $726K | $371K | $21.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$802K | -$3.18M | -$3.59M | -$3.44M | -$2.49M | -$32K | $0 | $0 |
| Net Cash from Financing | $21.11M | $16.23M | $8.85M | $6.32M | -$14.91M | -$7.41M | $29.14M | $1.09M | $63.2M | $13.16M | -$13.64M | -$4.13M | $48.94M | $27.95M | $1.27M | $7.7M | $4.5M | $2.62M | $3.88M | $18.84M | $2.95M | -$3.49M | $19.28M | $36K | $30.33M | $89.32M | $25.28M | -$869K |
| Forex Effect | $227K | -$63K | -$793K | $1.07M | $278K | -$187K | -$187K | $650K | -$332K | $838K | $226K | $211K | -$111K | -$23K | $13K | $121K | -$518K | $0 | $0 | $0 | -$112K | $85K | $0 | $182K | $0 | $0 | $0 | $0 |
| Net Change in Cash | $15.11M | -$1.28M | -$8.01M | $1.07M | -$18.52M | $21.17M | -$16.03M | -$33.11M | $54.26M | $418K | -$1.25M | $3.1M | $647K | -$614K | -$14.6M | $29.3M | $4.28M | $111K | -$6.78M | -$2.9M | -$7.88M | -$12.03M | -$29.21M | -$14.87M | -$3.98M | $41.9M | $10.38M | $427K |
| Supplementary Data | ||||||||||||||||||||||||||||
| Operating Cash Flow | $4.97M | -$3.84M | $7.9M | $7.88M | $20.55M | $44.48M | $10.85M | $21.7M | $29.03M | $26.88M | $25.51M | $19.61M | $14.06M | $6.38M | $13.78M | $12.96M | $8.83M | $7.95M | $1.42M | -$6.39M | -$6.76M | -$12.14M | -$13.78M | -$12.12M | -$8.72M | $16.03M | -$5M | $3.95M |
| Capital Expenditure | -$11.15M | -$19.81M | -$24.19M | -$23.89M | -$24.55M | -$13.88M | -$56.19M | -$56.54M | -$37.63M | -$25.44M | -$13.35M | -$12.58M | -$13.48M | -$21.24M | -$26.04M | -$11.7M | -$5.65M | -$10.7M | -$12.29M | -$2.21M | -$1.15M | -$464K | -$312K | -$5.03M | -$33.59M | -$44.8M | -$12.73M | -$2.65M |
| Free Cash Flow | -$6.18M | -$23.65M | -$16.29M | -$16.02M | -$4M | $30.59M | -$45.34M | -$34.84M | -$8.6M | $1.43M | $12.16M | $7.03M | $577K | -$14.86M | -$12.27M | $1.26M | $3.18M | -$2.75M | -$10.87M | -$8.59M | -$7.9M | -$12.61M | -$14.09M | -$17.14M | -$42.31M | -$28.77M | -$17.74M | $1.3M |
| Cash at Beginning | $5.78M | $7.5M | $15.51M | $14.42M | $32.92M | $11.75M | $27.77M | $60.88M | $6.62M | $6.2M | $7.45M | $4.35M | $3.7M | $4.32M | $9.37M | -$19.93M | -$24.21M | -$1.35M | $5.43M | $8.34M | $9.03M | $21.06M | $27.17M | $25.5M | $40.44M | $9.15M | -$242K | -$436K |
| Cash at End | $20.89M | $6.22M | $7.5M | $15.48M | $14.4M | $32.92M | $11.75M | $27.77M | $60.88M | $6.62M | $6.2M | $7.45M | $4.35M | $3.7M | -$5.23M | $9.37M | -$19.93M | -$1.24M | -$1.35M | $5.43M | $1.15M | $9.03M | -$2.04M | $10.62M | $36.46M | $51.06M | $10.14M | -$9K |