LIQUIDMETAL TECHNOLOGIES INC (LQMT)
Liquidmetal Technologies, Inc. (LMT) is a materials science firm that specializes in the design, development, and commercialization of products and components fabricated from bulk amorphous alloys. These innovative solutions serve a diverse global customer base across numerous industries, both within the United States and internationally. The company's custom amorphous alloy products and components find application in critical sectors, including non-consumer electronic devices, medical instruments, automotive parts, and sports and recreation goods. In addition to finished goods, LMT provides essential tooling and prototype parts, such as demonstration models and test samples, to support customers' product development cycles. The company further diversifies its revenue through product licensing and royalty agreements. To expand the reach and market adoption of its alloy innovations, LMT actively collaborates with third-party manufacturers and licensees. Founded in 1987, Liquidmetal Technologies maintains its corporate headquarters in Lake Forest, California.
Sector: Chemicals & Allied Products
Industry: Other Precious Metals
Liquidmetal Technologies, Inc.
OTC:LQMTBasic Materials · Other Precious Metals
+7.64%$0.0845
Mkt Cap$77.51M
Float345.05M
O/S917.29M
Inst Own0.2%
SI0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$784K
Net Income-$2.34M
Total Assets$29.11M
Free Cash Flow-$2.76M
Debt & Equity
Debt 3%
Equity 97%
Total Debt$809K
Total Equity$27.09M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in LQMT's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$29.11M
Liabilities$2.03M
Accounts Receivable$194K
Accounts Payable$152K
Inventory$46K
PP&E (Net)$7.86M
Goodwill$0
Intangible Assets$21K
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 | $784K | $860K | $510K | $383K | $811K | $989K | $1.37M | $532K | $321K | $480K | $125K | $603K | $1.03M | $650K | $972K | $33.29M | $14.72M | $22.08M | $29.02M | $27.67M | $16.36M | $17.43M | $16.85M | $13.14M | $3.88M | $4.2M |
| YoY Growth | -8.8% | 68.6% | 33.2% | -52.8% | -18.0% | -28.0% | 158.1% | 65.7% | -33.1% | 284.0% | -79.3% | -41.2% | 57.8% | -33.1% | -97.1% | 126.2% | -33.3% | -23.9% | 4.9% | 69.1% | -6.1% | 3.4% | 28.3% | 238.5% | -7.6% | - |
| Cost of Revenue | $554K | $643K | $361K | $316K | $628K | $621K | $832K | $1.16M | $696K | $553K | $349K | $483K | $774K | $354K | $373K | $8.21M | $9.1M | $17.13M | $26.46M | $22.42M | $15.13M | $12.17M | $22.19M | $8.68M | $1.92M | $1.98M |
| Gross Profit | $230K | $217K | $149K | $67K | $183K | $368K | $541K | -$632K | -$375K | -$73K | -$224K | $120K | $252K | $296K | $599K | $25.09M | $5.62M | $4.95M | $2.56M | $5.25M | $1.24M | $5.26M | -$5.33M | $4.46M | $1.96M | $2.22M |
| Gross Margin | 29.3% | 25.2% | 29.2% | 17.5% | 22.6% | 37.2% | 39.4% | -118.8% | -116.8% | -15.2% | -179.2% | 19.9% | 24.6% | 45.5% | 61.6% | 75.3% | 38.2% | 22.4% | 8.8% | 19.0% | 7.6% | 30.2% | -31.6% | 33.9% | 50.4% | 52.8% |
| Research and Development | $14K | $19K | $20K | $55K | $84K | $110K | $1.34M | $2.43M | $1.96M | $2.34M | $2.05M | $1.6M | $1.16M | $943K | $1.12M | $1.27M | $1.17M | $1.02M | $1.12M | $950K | $1.12M | $1.47M | $8.85M | $11.82M | $2.06M | $455K |
| Selling, General, and Administrative | $3.96M | $3.51M | $3.21M | $3.06M | $4.16M | $3.8M | $5.42M | $5.9M | $6.26M | $7.47M | $7.01M | $7.46M | $5.16M | $4.85M | $5.96M | $7.14M | $6.74M | $6.53M | $8.92M | $9.96M | $8.53M | $11.59M | $17.78M | $12.77M | $3.97M | $1.45M |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $30K | $0 | $34K | $0 | $0 | $0 | $3M | -$648K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $3.97M | $3.53M | $3.23M | $3.12M | $4.24M | $3.91M | $6.77M | $8.33M | $8.23M | $9.81M | $9.06M | $9.06M | $6.31M | $12.09M | $7.08M | $8.41M | $7.91M | $10.55M | $9.4M | $10.91M | $9.65M | $13.06M | $26.64M | $24.59M | $6.03M | $1.9M |
| Operating Income (EBIT) | -$3.74M | -$3.31M | -$3.08M | -$3.05M | -$4.06M | -$3.54M | -$6.22M | -$8.96M | -$8.6M | -$9.89M | -$9.28M | -$8.94M | -$6.06M | -$11.8M | -$6.48M | $15.71M | -$3.67M | -$2.73M | -$7.48M | -$5.66M | -$12.9M | -$7.8M | -$34.84M | -$20.13M | -$4.07M | $313K |
| Operating Margin | -477.3% | -385.2% | -604.9% | -796.9% | -500.7% | -357.9% | -453.4% | -1684.2% | -2679.8% | -2059.8% | -7424.8% | -1482.4% | -590.7% | -1814.9% | -666.4% | 47.2% | -24.9% | -12.4% | -25.8% | -20.5% | -78.9% | -44.7% | -206.7% | -153.2% | -104.8% | 7.5% |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $9K | $4K | $373K | $6.75M | $12.41M | $90K | $5.38M | $5.86M | $7.71M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $751K | $870K | $616K | $128K | $154K | $378K | $459K | $259K | $55K | $0 | $22K | $24K | $5K | $23K | $22K | $6K | $0 | $3K | $123K | $23K | $17K | $37K | $309K | $510K | $0 | $0 |
| Other Income (Expense) | $1.4M | $1.8M | $1.04M | $658K | $683K | $897K | -$373K | $259K | -$88K | -$8.87M | $1.96M | $2.38M | -$8.19M | -$2.23M | $1.29M | -$15.25M | $2.25M | -$3.42M | $2.23M | -$8.86M | $4.19M | -$6.34M | $157K | $1.66M | $5.01M | -$188K |
| Income Before Tax (EBT) | -$2.34M | -$1.51M | -$2.05M | -$2.39M | -$3.38M | -$2.64M | -$7.43M | -$7.43M | -$8.69M | -$18.75M | -$7.32M | -$6.56M | -$14.25M | -$14.03M | -$5.19M | $456K | $350K | -$6.15M | -$5.26M | -$14.52M | -$11.25M | -$749K | -$33.72M | -$19.79M | $0 | $125K |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.78M | -$3K | -$8K | -$8K | -$12K | -$42K | $0 | $0 | $7.73M | $168K | $0 | -$1.19M | $0 | $2.83M | $4.93M | $8K | $123K | $19.02M | $0 |
| Net Income | -$2.34M | -$1.51M | -$2.05M | -$1.61M | -$3.22M | -$2.23M | -$8.64M | -$7.43M | -$8.69M | -$18.74M | -$7.31M | -$6.55M | -$14.21M | -$14.03M | $6.16M | -$1.9M | $251K | -$6.57M | -$5.64M | -$14.52M | -$11.25M | -$12.73M | -$33.6M | -$18.35M | -$23.09M | -$8.81M |
| Net Income Margin | -298.6% | -175.6% | -401.4% | -419.6% | -397.4% | -225.4% | -629.0% | -1397.2% | -2706.2% | -3905.0% | -5847.2% | -1085.6% | -1384.6% | -2157.7% | 633.2% | -5.7% | 1.7% | -29.8% | -19.4% | -52.5% | -68.7% | -73.0% | -199.4% | -139.7% | -594.7% | -209.8% |
| Supplementary Data | ||||||||||||||||||||||||||
| EPS | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.01 | -0.01 | -0.01 | -0.03 | -0.02 | -0.01 | -0.04 | -0.07 | 0.05 | -0.03 | 0.01 | -0.15 | -0.13 | -0.33 | -0.27 | -0.31 | -0.81 | -0.47 | -0.66 | -0.25 |
| Diluted EPS | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.01 | -0.01 | -0.01 | -0.03 | -0.02 | -0.01 | -0.04 | -0.07 | 0.03 | -0.03 | 0.00 | -0.15 | -0.13 | -0.33 | -0.27 | -0.31 | -0.81 | -0.47 | -0.66 | -0.25 |
| Weighted Average OS | 917.29M | 917.29M | 917.29M | 917.05M | 914.45M | 914.45M | 914.35M | 870.00M | 868.70M | 624.80M | 470.96M | 441.44M | 341.45M | 188.30M | 118.52M | 64.97M | 46.08M | 44.73M | 44.73M | 43.81M | 41.83M | 41.61M | 41.51M | 38.71M | 35.08M | 35.08M |
| EBITDA | -$3.42M | -$2.99M | -$2.73M | -$2.71M | -$3.69M | -$3.14M | -$4.82M | -$7.88M | -$8.06M | -$18.22M | -$6.79M | -$5.88M | -$7.29M | -$1.43M | -$4.92M | $1.03M | $7.27M | $2.84M | -$5.64M | $4.07M | -$2.22M | -$4.12M | -$26.66M | -$19.91M | -$4.09M | $313K |
| EBITDA Margin | -435.8% | -347.2% | -535.1% | -707.0% | -454.5% | -317.3% | -351.3% | -1481.6% | -2509.7% | -3795.0% | -5432.8% | -975.8% | -710.0% | -220.2% | -506.1% | 3.1% | 49.4% | 12.8% | -19.4% | 14.7% | -13.6% | -23.6% | -158.2% | -151.5% | -105.5% | 7.5% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Assets | ||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||
| Cash and Cash Equivalents | $7.16M | $6.01M | $8.84M | $2.27M | $4.09M | $1.51M | $19.54M | $35.23M | $41.31M | $58.9M | $2.77M | $10.01M | $2.06M | $7.16M | $122K | $5.05M | $151K | $157K | $1.18M | $144K | $1.39M | $742K | $3.13M | $26M | $2.23M | $124K |
| Short-Term Investments | $4.92M | $9.45M | $13.29M | $16.43M | $13.85M | $14.72M | $4.42M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.07M | $0 | $0 |
| Cash and Short-Term Investments | $12.08M | $15.46M | $22.13M | $18.7M | $17.94M | $16.23M | $23.96M | $35.23M | $41.31M | $58.9M | $2.77M | $10.01M | $2.06M | $7.16M | $122K | $5.05M | $151K | $157K | $1.18M | $144K | $1.39M | $742K | $3.13M | $29.07M | $2.23M | $124K |
| Accounts Receivable | $194K | $226K | $272K | $151K | $255K | $406K | $385K | $120K | $157K | $95K | $30K | $83K | $215K | $64K | $441K | $1.73M | $1.18M | $2.24M | $5.17M | $3.93M | $2.36M | $1.67M | $3.75M | $5.91M | $911K | $0 |
| Inventory | $46K | $70K | $25K | $25K | $35K | $43K | $12K | $31K | $391K | $390K | $83K | $0 | $0 | $0 | $0 | $1.02M | $982K | $820K | $2.3M | $3.77M | $1.75M | $2.35M | $5.78M | $2.51M | $503K | $0 |
| Other Current Assets | $0 | $5K | $5K | $5K | $5K | $5K | $5K | $5K | $5K | $5K | $2.01M | $65K | $0 | $689K | $0 | $1.26M | $594K | $967K | $708K | $830K | $609K | $754K | $827K | $1.5M | $0 | $0 |
| Total Current Assets | $13.52M | $16.12M | $22.8M | $19.28M | $18.64M | $17.02M | $24.6M | $35.75M | $42.19M | $59.7M | $5.25M | $10.47M | $2.69M | $7.92M | $811K | $9.06M | $2.91M | $4.18M | $9.35M | $8.67M | $6.11M | $6.45M | $13.66M | $40.12M | $4.61M | $124K |
| Long-Term Assets | ||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $7.86M | $7.36M | $7.67M | $7.98M | $8.29M | $8.61M | $8.82M | $11.77M | $12.46M | $1.14M | $1.37M | $1.12M | $249K | $161K | $162K | $796K | $5.67M | $7.02M | $9.73M | $12.1M | $13.44M | $16.43M | $17.96M | $23.5M | $1.16M | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $21K | $35K | $52K | $73K | $102K | $158K | $239K | $322K | $408K | $494K | $570K | $669K | $764K | $869K | $968K | $1.12M | $1.23M | $1.07M | $1.14M | $1.17M | $1.19M | $1.14M | $984K | $969K | $723K | $0 |
| Long-Term Investments | $7.61M | $6.88M | $1.1M | $5.65M | $8.27M | $12.77M | $7.07M | $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 | $0 |
| Other Long-Term Assets | $108K | $14K | $223K | $353K | $306K | $251K | $599K | $14K | $14K | $36K | $81K | $31K | $401K | $28K | $52K | $4.07M | $633K | $969K | $2.29M | $306K | $832K | $4.48M | $426K | $408K | $183K | $0 |
| Total Long-Term Assets | $15.59M | $14.28M | $9.04M | $14.05M | $16.97M | $21.79M | $16.73M | $12.1M | $12.89M | $1.67M | $2.02M | $1.82M | $1.41M | $1.06M | $1.18M | $5.99M | $7.53M | $9.06M | $13.16M | $13.57M | $15.45M | $22.06M | $19.37M | $24.88M | $2.07M | $0 |
| 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 |
| Total Assets | $29.11M | $30.4M | $31.84M | $33.34M | $35.6M | $38.81M | $41.33M | $47.85M | $55.08M | $61.37M | $7.27M | $12.28M | $4.1M | $8.97M | $1.99M | $15.04M | $10.44M | $13.24M | $22.51M | $22.24M | $21.56M | $28.51M | $33.03M | $65M | $6.68M | $1.95M |
| Liabilities | ||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||
| Accounts Payable | $152K | $153K | $94K | $88K | $112K | $205K | $132K | $253K | $92K | $331K | $250K | $155K | $361K | $154K | $803K | $641K | $8.4M | $8.56M | $8.06M | $9.8M | $6.53M | $4.97M | $3.68M | $11.18M | $2.71M | $0 |
| Short-Term Debt | $0 | $9.45M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $700K | $0 | $0 | $2.37M | $1.71M | $480K | $2.29M | $15.35M | $8.27M | $17.15M | $1.89M | $5.99M | $1.03M | $0 | $2.99M | $0 |
| Current Income Tax Payable | $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 |
| Current Unearned Revenue | $0 | $0 | $6K | $41K | $56K | $0 | $420K | $31K | $7K | $13K | $77K | $0 | $0 | $470K | $67K | $8K | $31K | $40K | $316K | $202K | $1.27M | $900K | $3.02M | $1.4M | $830K | $0 |
| Other Current Liabilities | $903K | -$8.5M | $6K | $141K | $56K | $56K | $186K | $92K | $216K | $2.69M | $0 | $43K | $39K | $3.93M | $571K | $16.94M | $4.56M | $985K | $5.06M | $4.68M | $6.57M | $4.28M | $6.88M | -$417K | $7.49M | $0 |
| Total Current Liabilities | $1.53M | $1.26M | $344K | $394K | $414K | $520K | $907K | $554K | $464K | $3.64M | $1.97M | $860K | $1.07M | $6.92M | $3.61M | $23.24M | $15.99M | $24.94M | $21.71M | $31.83M | $16.26M | $16.14M | $13.03M | $13.74M | $14.18M | $0 |
| Long-Term Liabilities | ||||||||||||||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7.96M | $12.66M | $8.52M | $14.59M | $225K | $5.43M | $2.62M | $3.02M | $0 | $0 | $0 |
| 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 |
| Long-Term Deferred Tax 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 |
| Other Long-Term Liabilities | $0 | $0 | $902K | $902K | $899K | $899K | $856K | $1.78M | $3.05M | $2.9M | $915K | $2.86M | $5.78M | $3.62M | $609K | $681K | $155K | $163K | $411K | $552K | $1.25M | $892K | $814K | $74K | $0 | $0 |
| Total Long-Term Liabilities | $500K | $0 | $902K | $902K | $899K | $899K | $856K | $1.78M | $3.05M | $2.9M | $915K | $2.86M | $5.78M | $3.62M | $609K | $8.64M | $12.82M | $8.68M | $15M | $777K | $6.69M | $3.51M | $3.83M | $74K | $0 | $0 |
| 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 |
| Total Liabilities | $2.03M | $1.26M | $1.25M | $1.3M | $1.31M | $1.42M | $1.76M | $2.33M | $3.51M | $6.54M | $2.89M | $3.72M | $6.85M | $10.54M | $4.22M | $31.88M | $28.81M | $33.62M | $36.71M | $32.61M | $22.95M | $19.65M | $16.86M | $13.81M | $14.18M | $0 |
| Stockholders' Equity | ||||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1K | $2K | $4K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5.58M | $0 |
| Common Stock | $917K | $917K | $917K | $917K | $914K | $914K | $914K | $914K | $909K | $886K | $477K | $464K | $376K | $242K | $130K | $88K | $48K | $45K | $45K | $44K | $42K | $42K | $42K | $106.55M | $29.75M | $0 |
| Retained Earnings | -$280.59M | -$278.25M | -$276.74M | -$274.7M | -$272.3M | -$268.93M | -$266.28M | -$252.81M | -$245.38M | -$236.69M | -$217.94M | -$210.64M | -$204.09M | -$189.88M | -$175.86M | -$165.88M | -$162.78M | -$162.31M | -$154.71M | -$149.05M | -$136.56M | -$125.31M | -$112.59M | -$76.94M | -$58.59M | $0 |
| Comprehensive Income & Other | $18.42M | $107K | $190K | -$296K | -$62K | $116K | $2K | $18.18M | $0 | -$0 | $0 | $0 | $0 | $0 | $0 | $1.49M | $1.44M | $1.03M | $2.79M | $2.61M | $2.27M | $1.97M | $127K | $1.23M | -$6.64M | $0 |
| Other Stockholders' Equity | $306.76M | $306.56M | $306.5M | $305.9M | $305.76M | $305.48M | $305.01M | $297.49M | $296.1M | $290.7M | $221.91M | $218.79M | $201.01M | $188.07M | $173.5M | $148.37M | $143.58M | $141.23M | $140.09M | $138.64M | $135.13M | $134.13M | $128.71M | $21.56M | $21.33M | -$3.68M |
| Total Equity | $27.09M | $29.22M | $30.67M | $32.12M | $34.37M | $37.47M | $39.64M | $45.59M | $51.64M | $54.9M | $4.45M | $8.62M | -$2.7M | -$1.57M | -$2.23M | -$17.43M | -$19.15M | -$21.03M | -$14.58M | -$10.36M | -$1.39M | $8.86M | $16.16M | $51.17M | -$7.5M | -$3.68M |
| Minority Interest | -$81K | -$80K | -$79K | -$78K | -$77K | -$76K | -$75K | -$74K | -$73K | -$70K | -$62K | -$54K | -$42K | $0 | $0 | $587K | $782K | $651K | $384K | $0 | $0 | $0 | $5K | $21K | $0 | $0 |
| Total Liabilities and Equity | $29.11M | $30.48M | $31.91M | $33.41M | $35.68M | $38.88M | $41.41M | $47.92M | $55.15M | $61.44M | $7.33M | $12.34M | $4.14M | $8.97M | $1.99M | $14.46M | $9.66M | $12.59M | $22.13M | $22.24M | $21.56M | $28.51M | $33.02M | $64.98M | $6.68M | -$3.68M |
| Supplementary Data | ||||||||||||||||||||||||||
| Total Debt | $809K | $9.45M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $700K | $0 | $0 | $2.37M | $1.71M | $8.44M | $14.95M | $23.87M | $22.86M | $17.37M | $8.23M | $8.61M | $4.05M | $0 | $2.99M | $0 |
| Net Debt | -$6.36M | -$6.01M | -$8.84M | -$2.27M | -$4.09M | -$1.51M | -$19.54M | -$35.23M | -$41.31M | -$58.9M | -$2.07M | -$10.01M | -$2.06M | -$4.8M | $1.59M | $3.39M | $14.8M | $23.71M | $21.68M | $17.23M | $6.84M | $7.87M | $918K | -$26M | $758K | -$124K |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2001-12-31 |
| Operating Activities | |||||||||||||||||||||||||
| Net Income | -$2.34M | -$1.51M | -$2.05M | -$2.39M | -$3.38M | -$2.64M | -$7.43M | -$7.43M | -$8.69M | -$18.75M | -$7.32M | -$6.56M | -$14.25M | -$14.03M | -$5.19M | -$1.9M | $251K | -$6.57M | -$5.64M | -$14.52M | -$11.25M | -$12.73M | -$33.73M | -$18.35M | -$5.16M |
| Depreciation & Amortization | $325K | $327K | $356K | $344K | $375K | $402K | $1.13M | $1.08M | $634K | $527K | $522K | $301K | $214K | $186K | $182K | $361K | $1.05M | $1.27M | $8.45M | $9.73M | $6.19M | $6.3M | $4.42M | $2.42M | $912K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $6.73M | -$1.56M | -$2.71M | $1.45M | -$11.26M | $0 | $14.34M | $3.8M | -$3.87M | -$11.72M | -$1.08M | -$41K | $3.54M | $4.11M | -$1.72M | $0 |
| Stock-Based Compensation | $150K | $144K | $113K | $163K | $458K | $351K | $535K | $924K | $1.25M | $1.69M | $1.56M | $1.22M | $525K | $363K | $553K | $142K | $176K | $578K | $642K | $1.07M | $41K | $276K | $123K | $1.67M | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||||
| Accounts Receivable | -$2K | $97K | -$162K | $123K | $124K | -$194K | -$183K | $37K | -$62K | -$65K | $53K | $132K | -$162K | $177K | -$192K | -$612K | -$147K | $3.01M | -$1.06M | -$1.62M | -$686K | $2M | $1.6M | -$5.79M | $0 |
| Inventory | $24K | -$45K | $0 | $10K | $8K | -$31K | $19K | $360K | -$1K | -$307K | -$83K | $38K | $0 | $266K | $7K | -$121K | -$163K | $1.48M | $1.47M | -$2.02M | -$151K | -$2.1M | -$273K | -$1.8M | -$311K |
| Accounts Payable | -$41K | $21K | -$17K | -$5K | -$202K | -$110K | $425K | $64K | -$944K | $204K | $337K | -$216K | $577K | -$854K | $1.02M | -$2.09M | -$583K | $393K | -$1.54M | $3.37M | $1.61M | $414K | -$9.62M | $7.58M | $0 |
| Other Working Capital | -$902K | $159K | $170K | -$79K | $1K | -$194K | -$31K | -$13K | $2K | $27K | $43K | -$3K | -$83K | -$67K | $462K | -$102K | $234K | -$382K | -$1.65M | -$1.32M | -$63K | -$4.09M | $7.02M | -$865K | $984K |
| Total Working Capital Change | -$921K | $232K | -$9K | $49K | -$69K | -$529K | $230K | $448K | -$1M | -$141K | $350K | -$49K | $332K | -$478K | $1.3M | -$2.92M | -$659K | $4.5M | -$2.79M | -$1.59M | $706K | -$3.79M | -$1.27M | -$875K | $673K |
| Other Non-Cash Items | $36K | -$349K | $274K | $62K | -$116K | $189K | $1.67M | -$1.27M | $143K | $2.13M | -$389K | $373K | $6.75M | $20.04M | $10.23M | $53K | -$8.07M | $4.51M | $811K | $1.12M | -$2.16M | $73K | -$1.02M | -$2.46M | $393K |
| Net Cash from Operating | -$2.75M | -$1.16M | -$1.31M | -$1.78M | -$2.73M | -$2.23M | -$3.87M | -$6.25M | -$7.66M | -$7.82M | -$6.83M | -$7.42M | -$4.98M | -$5.17M | $7.07M | $10.08M | -$3.45M | $428K | -$10.24M | -$5.27M | -$6.5M | -$6.32M | -$27.37M | -$19.31M | -$3.19M |
| Investing Activities | |||||||||||||||||||||||||
| Capital Expenditures | -$4K | $0 | $0 | $0 | $0 | -$116K | -$630K | -$292K | -$11.87M | -$220K | -$675K | -$1.07M | -$198K | -$86K | -$178K | -$340K | -$758K | -$1.16M | -$1.27M | -$1.04M | -$169K | -$73K | -$2.45M | -$23.79M | -$1.07M |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $200K | $282K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $129K | $0 |
| Purchases of Investments | -$7.13M | -$20.23M | -$11.34M | -$21.71M | -$19.31M | -$26.72M | -$11.69M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$303K | -$3K | $0 | $0 | $0 | -$2M | $0 |
| Sales of Investments | $11.04M | $18.56M | $19.22M | $21.45M | $24.62M | $10.84M | $205K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $306K | $0 | $0 | $0 | $0 | $0 | $2.58M | $1.43M | $0 |
| Other Investing Activities | $0 | $0 | $0 | -$258K | $5.31M | -$15.68M | -$11.21M | $0 | $0 | $2M | -$2.01M | $5K | $1K | -$35K | $0 | -$29K | $6K | -$68K | $400K | $104K | -$90K | -$235K | -$298K | -$70K | -$89K |
| Net Cash from Investing | $3.9M | -$1.67M | $7.88M | -$258K | $5.31M | -$15.8M | -$11.84M | -$292K | -$11.87M | $1.78M | -$2.68M | -$1.06M | -$197K | -$86K | -$178K | -$340K | -$452K | -$1.16M | -$1.18M | -$935K | -$259K | -$308K | -$170K | -$24.3M | -$1.16M |
| Financing Activities | |||||||||||||||||||||||||
| Debt Repaid | - | - | - | - | - | - | - | - | - | - | - | - | - | -$12M | - | $6.48M | $12.3M | $2.27M | -$12.7M | -$5.5M | -$6.44M | -$4.74M | -$4.05M | $3.9M | -$3.9M |
| Common Stock Issuance | $0 | $0 | $0 | $212K | $0 | $0 | $21K | $463K | $1.95M | $62.65M | $1.57M | $16M | $7.19M | $3M | $0 | $2.05M | $16.23M | $2.5M | $0 | $0 | $0 | $0 | $899K | $71.22M | $11.45M |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$343K | $0 | -$237K | $0 | $0 | $0 | $0 | $0 | $0 | -$13K |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$222K | $0 | $0 | $0 | $0 | $0 | -$23K | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $21K | $463K | $1.95M | $206K | -$1.55M | -$15.57M | $296K | -$1.03M | -$10.35M | $39K | $35K | -$3.44M | $0 | $69K | $621K | -$889K | -$67K | -$14K | $0 |
| Net Cash from Financing | $0 | $0 | $0 | $212K | $0 | $0 | $21K | $463K | $1.95M | $62.16M | $2.28M | $16.43M | $74K | $12.3M | -$10.35M | -$4.66M | $3.96M | -$1.18M | $12.67M | $5.57M | $7.06M | $3.85M | $4.88M | $67.31M | $15.34M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.49M | -$137K | -$68K | $888K | -$222K | -$619K | $353K | $396K | -$213K | $70K | -$24K |
| Net Change in Cash | $1.15M | -$2.83M | $6.57M | -$1.82M | $2.58M | -$18.03M | -$15.69M | -$6.08M | -$17.59M | $56.12M | -$7.24M | $7.95M | -$5.1M | $7.04M | -$4.95M | $4.94M | -$6K | -$1.02M | $1.04M | -$1.25M | $651K | -$2.38M | -$22.87M | $23.77M | $10.97M |
| Supplementary Data | |||||||||||||||||||||||||
| Operating Cash Flow | -$2.75M | -$1.16M | -$1.31M | -$1.78M | -$2.73M | -$2.23M | -$3.87M | -$6.25M | -$7.66M | -$7.82M | -$6.83M | -$7.42M | -$4.98M | -$5.17M | $7.07M | $10.08M | -$3.45M | $428K | -$10.24M | -$5.27M | -$6.5M | -$6.32M | -$27.37M | -$19.31M | -$3.19M |
| Capital Expenditure | -$4K | $0 | $0 | $0 | $0 | -$116K | -$630K | -$292K | -$11.87M | -$220K | -$675K | -$1.07M | -$198K | -$86K | -$178K | -$340K | -$758K | -$1.16M | -$1.27M | -$1.04M | -$169K | -$73K | -$2.45M | -$23.79M | -$1.07M |
| Free Cash Flow | -$2.76M | -$1.16M | -$1.31M | -$1.78M | -$2.73M | -$2.35M | -$4.5M | -$6.54M | -$19.54M | -$8.04M | -$7.51M | -$8.49M | -$5.17M | -$5.26M | $6.89M | $9.74M | -$4.21M | -$727K | -$11.51M | -$6.3M | -$6.67M | -$6.4M | -$29.82M | -$43.1M | -$4.26M |
| Cash at Beginning | $6.01M | $8.84M | $2.27M | $4.1M | $1.52M | $19.55M | $35.23M | $41.31M | $58.9M | $2.77M | $10.01M | $2.06M | $7.16M | $122K | $5.07M | $106K | $157K | $1.18M | $144K | $1.39M | $742K | $3.13M | $26M | $2.23M | -$8.74M |
| Cash at End | $7.16M | $6.01M | $8.84M | $2.27M | $4.1M | $1.52M | $19.55M | $35.23M | $41.31M | $58.9M | $2.77M | $10.01M | $2.06M | $7.16M | $122K | $5.05M | $151K | $157K | $1.18M | $144K | $1.39M | $742K | $3.13M | $26M | $2.23M |