MEDICURE INC (MCUJF)
Medicure Inc. operates as a biopharmaceutical company dedicated to the research, development, and commercialization of therapeutic solutions for the cardiovascular market, primarily serving Canada and the United States. Among its key offerings is AGGRASTAT injection, a glycoprotein GP IIb/IIIa receptor antagonist specifically designed to manage acute coronary syndrome, encompassing conditions like unstable angina and non-Q-wave myocardial infarction. The company also distributes ZYPITAMAG, a medication aimed at treating patients suffering from primary hyperlipidemia or mixed dyslipidemia. Additionally, Medicure provides ReDS, an innovative non-invasive medical device that facilitates the measurement of lung fluid, aiding in the effective management of congestive heart failure. Furthermore, its portfolio includes Sodium Nitroprusside injection, utilized for multiple critical applications: reducing elevated blood pressure during hypertensive crises in both adult and pediatric patients, inducing controlled hypotension to minimize surgical bleeding, and addressing acute congestive heart failure. These products are made available to consumers through both traditional retail pharmacies and online channels. Established in 1997, the company maintains its corporate headquarters in Winnipeg, Canada.
Sector: Pharmaceutical Preparations
Industry: Drug Manufacturers - Specialty & Generic
Medicure Inc.
OTC:MCUJFHealthcare · Drug Manufacturers - Specialty & Generic
+5.00%$3.15
AH Close$3.15+0.00%vs close
AH Close$3.15+0.00%vs close
Mkt Cap$32.87M
Float7.64M
O/S10.44M
Inst Own-
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$20.55M
Net Income-$5.05M
Total Assets$17.77M
Free Cash Flow-$399K
Debt & Equity
Debt 6%
Equity 94%
Total Debt$635K
Total Equity$9.19M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in MCUJF's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$17.77M
Liabilities$8.58M
Accounts Receivable$3.43M
Accounts Payable$7.46M
Inventory$2.1M
PP&E (Net)$673K
Goodwill$3.03M
Intangible Assets$5.52M
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2014-05-31 | 2013-05-31 | 2012-05-31 | 2011-05-31 | 2010-05-31 | 2009-05-31 | 2008-05-31 | 2007-05-31 | 2006-05-31 | 2005-05-31 | 2004-05-31 | 2003-05-31 | 2002-05-31 | 2001-05-31 |
| Revenue | $20.55M | $15.62M | $15.46M | $16.44M | $15.5M | $8.28M | $14.38M | $20.75M | $19.34M | $26.93M | $15.74M | $3.6M | $1.86M | $3.42M | $2.59M | $2.36M | $3.42M | $1.6M | $4.24M | $214K | $327K | $318K | $172K | $131K | $97K |
| YoY Growth | 31.6% | 1.0% | -5.9% | 6.1% | 87.3% | -42.4% | -30.7% | 7.3% | -28.2% | 71.1% | 337.2% | 94.1% | -45.7% | 32.2% | 9.4% | -30.8% | 113.3% | -62.2% | 1883.3% | -34.7% | 3.1% | 84.6% | 31.2% | 35.4% | - |
| Cost of Revenue | $12.54M | $6.29M | $5.49M | $4.98M | $6.44M | $4.62M | $5.18M | $2.96M | $2.47M | $6.96M | $1.61M | $619K | $475K | $762K | $480K | $408K | $269K | $432K | $276K | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $8.02M | $9.33M | $9.97M | $11.46M | $9.06M | $3.66M | $9.2M | $17.79M | $16.87M | $19.97M | $14.13M | $2.98M | $1.38M | $2.66M | $2.11M | $1.96M | $3.15M | $1.17M | $3.96M | $214K | $327K | $318K | $172K | $131K | $97K |
| Gross Margin | 39.0% | 59.7% | 64.5% | 69.7% | 58.5% | 44.2% | 64.0% | 85.7% | 87.2% | 74.1% | 89.8% | 82.8% | 74.4% | 77.7% | 81.4% | 82.8% | 92.1% | 73.0% | 93.5% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $2.26M | $2.2M | $1.72M | $1.96M | $1.28M | $2.35M | $3.1M | $4.76M | $3.67M | $3.63M | $3.47M | $491K | $1.21M | $745K | $146K | $280K | $16K | $20.43M | $16.63M | $7.28M | $9.67M | $3.05M | $2.22M | $2.17M | $1.76M |
| Selling, General, and Administrative | $11.02M | $9.09M | $8.87M | $8.65M | $9.27M | $7.08M | $11.97M | $13.9M | $10.6M | $11.57M | $7.3M | $2.37M | $1.66M | $1.91M | $2.01M | $3.19M | $6.6M | $8.61M | $7.88M | $2.04M | $1.61M | $1.51M | $915K | $677K | $627K |
| Other | -$361K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $59K | $0 | $0 | $0 | $0 | $0 | $641K | $437K | $266K | $1.89M | $1.63M | $77K | $41K | $29K | $24K | $43K | $9K |
| Total Operating Expenses | $12.92M | $11.28M | $10.58M | $10.61M | $10.55M | $9.44M | $15.07M | $18.66M | $14.27M | $15.2M | $10.77M | $2.86M | $2.87M | $2.65M | $2.8M | $3.91M | $6.88M | $30.93M | $26.14M | $9.4M | $11.32M | $4.59M | $3.16M | $2.89M | $2.4M |
| Operating Income (EBIT) | -$4.91M | -$1.95M | -$609K | $934K | -$409K | -$5.19M | -$7.65M | -$874K | $2.6M | $4.76M | $3.37M | $117K | -$1.49M | $7K | -$889K | -$2.5M | -$4.98M | -$29.76M | -$22.18M | -$9.19M | -$10.99M | -$4.27M | -$2.99M | -$2.76M | -$2.3M |
| Operating Margin | -23.9% | -12.5% | -3.9% | 5.7% | -2.6% | -62.8% | -53.2% | -4.2% | 13.5% | 17.7% | 21.4% | 3.3% | -80.2% | 0.2% | -34.4% | -105.7% | -145.9% | -1857.7% | -523.4% | -4298.8% | -3357.9% | -1344.5% | -1738.1% | -2107.0% | -2378.8% |
| Interest Expense | $0 | $7K | $7K | $0 | $27K | $35K | $16K | $38K | $64K | $149K | $262K | $296K | $298K | $395K | $2.23M | $2.34M | $3.52M | $2.73M | $1.4M | $286K | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $87K | $147K | $53K | $7K | $56K | $31K | $632K | $795K | $0 | $0 | $0 | $29 | $108 | $552 | $337 | $4K | $182K | $819K | $1.13M | $214K | $327K | $318K | $172K | $131K | $131K |
| Other Income (Expense) | -$711 | $1.39M | -$31K | $137K | -$132K | $1.21M | -$8.13M | $4.31M | -$866K | -$2.06M | -$2.45M | $1.34M | $109K | -$348K | $16.66M | -$720K | -$1.45M | $4.98M | $7.42M | $12.85M | -$143K | $0 | $0 | $0 | $0 |
| Income Before Tax (EBT) | -$4.91M | -$558K | -$639K | $987K | -$541K | -$4.88M | -$14M | $3.44M | $1.74M | $20.29M | $919K | -$1.17M | -$1.84M | $16.67M | -$1.44M | -$1.61M | -$6.15M | -$39.01M | -$22.34M | -$9.33M | -$10.99M | $0 | $0 | $0 | $0 |
| Income Tax Expense | $148K | $182K | $18K | $14K | -$23K | $0 | $103K | $639K | -$6.46M | $572K | -$270K | $27K | -$2K | -$17.06M | -$1.48M | -$684K | $4.65M | $17.68M | -$820K | -$341K | -$394K | $0 | $0 | $0 | $0 |
| Net Income | -$5.05M | -$741K | -$657K | $973K | -$518K | -$4.91M | -$14.1M | $2.8M | $30.95M | $19.72M | $1.19M | -$1.17M | -$1.84M | $16.67M | -$1.44M | -$3.94M | -$9.49M | -$40.92M | -$22.6M | -$8.99M | -$10.6M | -$4.27M | -$2.99M | -$2.76M | -$2.3M |
| Net Income Margin | -24.6% | -4.7% | -4.3% | 5.9% | -3.3% | -59.4% | -98.1% | 13.5% | 160.0% | 73.2% | 7.6% | -32.4% | -98.9% | 487.5% | -55.5% | -166.8% | -277.8% | -2554.5% | -533.3% | -4206.0% | -3237.4% | -1344.5% | -1738.1% | -2107.0% | -2378.8% |
| Supplementary Data | |||||||||||||||||||||||||
| EPS | -0.68 | -0.10 | -0.09 | 0.13 | -0.07 | -0.65 | -1.32 | 0.25 | 2.78 | 1.80 | 0.12 | -0.13 | -0.21 | 1.99 | -0.23 | -0.64 | -1.53 | -6.86 | -4.53 | -2.52 | -3.34 | -1.61 | -1.69 | -2.10 | -3.00 |
| Diluted EPS | -0.68 | -0.10 | -0.09 | 0.13 | -0.07 | -0.65 | -1.32 | 0.24 | 2.39 | 1.56 | 0.11 | -0.13 | -0.21 | 1.99 | -0.23 | -0.64 | -1.53 | -6.86 | -4.53 | -2.52 | -3.34 | -1.61 | -1.67 | -2.10 | -3.00 |
| Weighted Average OS | 10.44M | 10.44M | 10.24M | 10.25M | 10.25M | 10.69M | 15.00M | 15.79M | 15.64M | 15.00M | 13.46M | 12.20M | 12.20M | 11.75M | 8.69M | 8.69M | 8.69M | 8.37M | 6.99M | 5.01M | 4.45M | 3.72M | 2.47M | 1.85M | 1.08M |
| EBITDA | -$3.02M | $1.1M | $922K | $2.05M | $1.73M | -$2.87M | -$6.28M | -$661K | $1.89M | $3.85M | $3.86M | $1.32M | -$682K | -$1.06M | -$48K | -$1.64M | -$951K | -$3.06M | -$27.63M | -$20.4M | -$9.11M | -$11M | -$4.24M | -$2.97M | -$2.72M |
| EBITDA Margin | -14.7% | 7.0% | 6.0% | 12.5% | 11.1% | -34.7% | -43.6% | -3.2% | 9.7% | 14.3% | 24.5% | 36.7% | -36.8% | -31.0% | -1.9% | -69.1% | -27.8% | -191.2% | -652.1% | -9546.9% | -2782.6% | -3462.9% | -2465.2% | -2262.3% | -2807.6% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2014-05-31 | 2013-05-31 | 2012-05-31 | 2011-05-31 | 2010-05-31 | 2009-05-31 | 2008-05-31 | 2007-05-31 | 2006-05-31 | 2005-05-31 | 2004-05-31 | 2003-05-31 | 2002-05-31 | 2001-05-31 |
| Assets | |||||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||||
| Cash and Cash Equivalents | $2.73M | $5.13M | $4.54M | $3.46M | $2.63M | $1.94M | $9.24M | $17.21M | $3.75M | $8.74M | $2.54M | $352K | $90K | $801K | $1.81M | $265K | $448K | $8.49M | $27.62M | $24.89M | $5.41M | $14.22M | $2.94M | $5.95M | $2.69M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $34.04M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $2.73M | $5.13M | $4.54M | $3.46M | $2.63M | $1.94M | $9.24M | $51.24M | $3.75M | $8.74M | $2.54M | $352K | $90K | $801K | $1.81M | $265K | $448K | $8.49M | $27.62M | $24.89M | $5.41M | $14.22M | $2.94M | $5.95M | $2.69M |
| Accounts Receivable | $3.43M | $3.78M | $3.42M | $4.02M | $3.27M | $3.63M | $7.28M | $6.9M | $6.06M | $12.13M | $7M | $1.01M | $308K | $308K | $222K | $261K | $434K | $393K | $620K | $1.46M | $327K | $335K | $198K | $57K | $109K |
| Inventory | $2.1M | $2.34M | $2.07M | $2.3M | $2.37M | $3.66M | $4.51M | $3.02M | $2.19M | $8.68M | $1.63M | $784K | $644K | $387K | $401K | $393K | $583K | $226K | $117K | $187K | $284K | $649K | $39K | $64K | $0 |
| Other Current Assets | $3 | $0 | $0 | $0 | $49K | $1.1M | $57K | $775K | $69.02M | $9.26M | $19K | $22K | -$28K | $521K | $0 | $46K | $0 | $682K | $143K | $143K | $143K | $143K | $143K | $143K | $143K |
| Total Current Assets | $8.47M | $11.33M | $10.84M | $10.58M | $8.95M | $11.17M | $22.36M | $63.86M | $81.66M | $39.36M | $12.44M | $2.76M | $1.06M | $1.58M | $2.6M | $1.06M | $1.59M | $10.27M | $29.61M | $25.55M | $6.17M | $15.21M | $3.18M | $6.26M | $2.88M |
| Long-Term Assets | |||||||||||||||||||||||||
| Property, Plant & Equipment Net | $673K | $681K | $525K | $846K | $1.15M | $1.17M | $914K | $225K | $158K | $7.34M | $164K | $24K | $16K | $22K | $28K | $49K | $50K | $95K | $123K | $36K | $58K | $47K | $48K | $60K | $46K |
| Goodwill | $3.03M | $2.41M | $2.21M | $2.26M | $2.12M | $2.13M | $0 | $0 | $0 | $33.85M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $5.52M | $6.67M | $6.37M | $7.57M | $7.99M | $9.69M | $6.84M | $1.22M | $1.25M | $71.9M | $1.01M | $782K | $1.36M | $1.78M | $2.02M | $3.15M | $3.96M | $5.95M | $15.86M | $2.08M | $950K | $696K | $544K | $363K | $109K |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $8.49M | $8.6M | $0 | $1.11M | $971K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $91K | $232K | $500K | $270K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $78K | $70K | $53K | $45K | $41K | $111K | $28K | $83K | $0 | $115K | $162K | $139K | $0 | $0 | $0 | $0 | $0 | $8.49M | $0 | $0 | $0 | $0 | -$1 | $0 | $0 |
| Total Long-Term Assets | $9.3M | $9.82M | $9.16M | $10.73M | $11.3M | $13.1M | $7.78M | $10.1M | $10.25M | $113.71M | $2.71M | $1.91M | $1.38M | $1.8M | $2.05M | $3.2M | $4.01M | $14.54M | $15.98M | $2.12M | $1.01M | $743K | $592K | $423K | $269K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $17.77M | $21.16M | $20M | $21.31M | $20.25M | $24.28M | $30.14M | $73.97M | $91.91M | $153.06M | $15.15M | $4.68M | $2.44M | $3.38M | $4.64M | $4.26M | $5.6M | $24.81M | $45.6M | $27.67M | $7.18M | $15.96M | $3.78M | $6.68M | $3.15M |
| Liabilities | |||||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||||
| Accounts Payable | $7.46M | $5.65M | $5.1M | $4.64M | $4.62M | $4.56M | $6.58M | $9.72M | $6.52M | $12.34M | $4.76M | $1.33M | $1.93M | $941K | $1.11M | $1.24M | $782K | $1.08M | $7.98M | $6.09M | $1.17M | $1.95M | $583K | $252K | $278K |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.04M | $1.16M | $1.07M | $907K | $1.3M | $0 | $16.02M | $0 | $0 | $0 | $4.39M | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $68K | $11K | $43K | $81K | $117K | $369K | $755K | $1.73M | $360K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $533K | $1.91M | $831K | $0 | $0 | $828K | $0 | -$1.33M | $0 | -$1.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $412K | $16K | $331K | $525K | $742K | $3.57M | $831K | $755K | $22.64M | $26.08M | $828 | $26K | -$316K | -$1.55M | $113K | -$819K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Liabilities | $8.27M | $5.98M | $5.66M | $5.98M | $6.07M | $8.78M | $8.31M | $12.07M | $31.13M | $43.4M | $7.38M | $3.12M | $2.54M | $982K | $1.23M | $22.05M | $3.63M | $6.53M | $7.98M | $1.17M | $1.95M | $583K | $252K | $278K | $406K |
| Long-Term Liabilities | |||||||||||||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $48.6M | $1.87M | $3.01M | $2.5M | $3.31M | $3.27M | $0 | $17.33M | $22.95M | $24.45M | $7.69M | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.97M | $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 | $27.19M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 | $496K | $1.08M | $2.02M | $2.31M | $3.24M | $5.93M | $2.73M | $1.33M | $487K | $384K | $551K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $252K | $0 | $0 |
| Total Long-Term Liabilities | $304K | $361K | $163K | $359K | $1.06M | $1.85M | $2.62M | $2.31M | $3.24M | $81.89M | $4.59M | $4.34M | $2.99M | $3.7M | $3.82M | $18.15M | $17.33M | $22.95M | $24.45M | $1.17M | $1.95M | -$1 | $252K | $278K | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$18.15M | $0 | $0 | $0 | -$1.17M | -$1.95M | $0 | -$252K | -$278K | $0 |
| Total Liabilities | $8.58M | $6.34M | $5.82M | $6.34M | $7.13M | $10.63M | $10.94M | $14.38M | $34.37M | $125.29M | $11.97M | $7.46M | $5.52M | $4.68M | $5.05M | $22.05M | $20.96M | $29.48M | $32.43M | $1.17M | $1.95M | $583K | $252K | $278K | $406K |
| 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 |
| Common Stock | $57.7M | $57.75M | $57.75M | $57.68M | $57.68M | $57.68M | $60.85M | $87.6M | $89.63M | $88.89M | $86.55M | $83.43M | $83.43M | $83.43M | $0 | $82.7M | $0 | $0 | $0 | $0 | $0 | $28.32M | $12.48M | $0 | $6.02M |
| Retained Earnings | -$52.7M | -$47.68M | -$46.94M | -$46.28M | -$47.26M | -$46.74M | -$44.66M | -$35.74M | -$38.88M | -$69.35M | -$89.07M | -$90.26M | -$89.73M | -$87.9M | -$87.03M | -$109.84M | -$107.38M | -$96.4M | -$78.31M | -$32.88M | -$23.89M | -$13.3M | -$9.03M | -$6.04M | -$3.28M |
| Comprehensive Income & Other | -$3.68M | -$3.04M | -$4.27M | -$3.89M | -$4.73M | -$4.63M | -$4.1M | $904K | $480K | $486K | $787K | $213K | $49K | $73K | $95K | -$74K | $0 | $6.48M | $6.48M | -$75K | $710K | $350K | $75K | -$32K | $0 |
| Other Stockholders' Equity | $4.19M | $4.74M | $3.37M | $3.58M | $2.7M | $2.71M | $3.01M | $7.73M | $6.79M | $6.74M | $5.7M | $4.03M | $3.22M | $3.17M | $86.62M | $9.35M | $92.02M | $91.73M | $91.48M | $59.38M | $29.13M | $350K | $75K | $12.45M | $0 |
| Total Equity | $9.19M | $14.81M | $14.18M | $14.97M | $13.12M | $13.65M | $19.21M | $59.59M | $57.53M | $26.28M | $3.18M | -$2.79M | -$3.08M | -$1.3M | -$410K | -$17.79M | -$15.36M | -$4.67M | $13.17M | $26.5M | $5.23M | $15.37M | $3.52M | $6.41M | $2.75M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.49M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $17.77M | $21.16M | $20M | $21.31M | $20.25M | $24.28M | $30.14M | $73.97M | $91.91M | $151.57M | $15.15M | $4.68M | $2.44M | $3.38M | $4.64M | $4.26M | $5.6M | $24.81M | $45.6M | $27.67M | $7.18M | $15.96M | $3.78M | $6.68M | $3.15M |
| Supplementary Data | |||||||||||||||||||||||||
| Total Debt | $635K | $623K | $388K | $605K | $833K | $1.03M | $776K | $0 | $0 | $51.88M | $3.02M | $3.48M | $3.41M | $3.31M | $3.27M | $17.21M | $17.33M | $24.37M | $24.45M | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Debt | -$2.1M | -$4.5M | -$4.15M | -$2.86M | -$1.8M | -$905K | -$8.47M | -$17.21M | -$3.75M | $43.14M | $481K | $3.13M | $3.32M | $2.51M | $1.45M | $16.94M | $16.88M | $15.88M | -$3.17M | -$24.89M | -$5.41M | -$14.22M | -$2.94M | -$5.95M | -$2.69M |
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 | 2014-05-31 | 2013-05-31 | 2012-05-31 | 2011-05-31 | 2010-05-31 | 2009-05-31 | 2008-05-31 | 2007-05-31 | 2006-05-31 | 2005-05-31 | 2004-05-31 | 2003-05-31 | 2002-05-31 | 2001-05-31 |
| Operating Activities | |||||||||||||||||||||||||
| Net Income | -$5.05M | -$741K | -$657K | $973K | -$518K | -$4.88M | -$14.1M | $2.8M | $30.95M | $19.72M | $1.19M | -$1.17M | -$1.84M | $16.67M | -$1.44M | -$3.94M | -$9.49M | -$40.92M | -$22.6M | -$8.99M | -$10.6M | -$4.27M | -$2.99M | -$2.76M | -$2.3M |
| Depreciation & Amortization | $1.88M | $1.65M | $1.55M | $1.46M | $2.24M | $1.98M | $1.37M | $213K | $73K | $985K | $493K | $400K | $383K | $626K | $641K | $655K | $669K | $2.12M | $1.78M | $77K | $41K | $29K | $24K | $43K | $12K |
| Deferred Income Tax | $148K | $182K | $18K | $14K | -$23K | -$71K | $103K | $639K | -$7.77M | $575K | -$270K | $0 | -$139K | -$16.99M | -$943K | $3.11M | $2.71M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $97K | $140K | $205K | $34K | $96K | $226K | $297K | $729K | $444K | $998K | $1.04M | $759K | $0 | $73K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||||
| Accounts Receivable | $162K | $107K | $542K | -$616K | $423K | $3.62M | -$227K | -$956K | -$2.65M | -$2.98M | -$5.84M | -$367K | -$9K | -$39K | $18K | $115K | $237K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $78K | -$148K | -$22K | $118K | $336K | $515K | -$2.9M | -$897K | $104K | $1.8M | -$877K | $82K | -$271K | -$144K | -$145K | $57K | -$291K | -$75K | -$456K | $0 | $0 | $0 | $25K | $0 | $0 |
| Accounts Payable | $2.1M | -$245K | -$168K | $405K | $14K | -$2.71M | -$2.96M | $5.08M | $34.58M | -$378.93M | $3.31M | $0 | $702K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$145K | -$196K | -$19K | -$140K | $288K | $501K | $56K | $3.81M | -$388K | $379.42M | $2.5M | $165K | $143K | -$274K | $1.95M | $2.08M | -$1.86M | -$91K | $3.13M | $0 | $0 | $0 | $26K | $0 | $345K |
| Total Working Capital Change | $2.19M | -$237K | $333K | -$232K | $1.06M | $1.93M | -$6.03M | $1.95M | $31.65M | -$688K | -$4.21M | -$120K | $565K | -$457K | $1.83M | $2.25M | -$1.91M | -$165K | $2.68M | -$671K | $1.59M | -$421K | $51K | -$252K | $345K |
| Other Non-Cash Items | $332K | -$13K | $36K | -$950K | -$14K | -$778K | $7.93M | -$5.8M | -$39.71M | -$17.02M | $1.86M | $968K | $246K | $284K | $198K | -$3.19M | $370K | $9.12M | $143K | $544K | $360K | $275K | $75K | $0 | $0 |
| Net Cash from Operating | -$399K | $982K | $1.48M | $1.3M | $2.84M | -$1.6M | -$10.44M | $529K | $15.63M | $4.57M | $102K | $79K | -$706K | $297K | $340K | -$1.04M | -$7.43M | -$29.84M | -$18M | -$9.04M | -$8.6M | -$4.39M | -$2.84M | -$2.97M | -$1.95M |
| Investing Activities | |||||||||||||||||||||||||
| Capital Expenditures | $0 | -$527K | $0 | -$221K | -$583K | -$1K | -$9.87M | -$1.05M | -$942K | -$331K | -$162K | -$4K | -$5K | -$70K | -$32K | -$101K | -$170K | -$10K | -$133K | -$887K | -$31K | -$15K | -$4K | -$27K | -$96K |
| Acquisitions | -$1.45M | $0 | $0 | $0 | -$1.34M | -$5.16M | -$9.74M | $46.5M | $39.54M | -$29.73M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$408K | -$16.21M | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | -$4.52M | -$31.44M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $34.04M | $913K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | -$192K | -$211K | -$1.34M | $0 | $14.53M | -$913K | $63.87M | -$876 | $0 | -$9K | $0 | -$3K | $0 | $0 | $0 | $0 | $0 | $0 | -$275K | -$165K | -$189K | -$170K | $1.54M |
| Net Cash from Investing | -$1.45M | -$527K | -$192K | -$221K | -$1.92M | -$5.16M | $24.44M | $14.01M | $38.6M | -$30.07M | -$162K | -$4K | -$5K | -$70K | -$32K | -$101K | -$170K | -$419K | -$16.34M | -$887K | -$306K | -$180K | -$193K | -$197K | $1.44M |
| Financing Activities | |||||||||||||||||||||||||
| Debt Repaid | $296K | $264K | $252K | $253K | $225K | $174K | - | - | $66.86M | -$39.28M | $495K | - | - | - | -$178K | - | - | - | -$13.78M | -$12.67M | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $40K | $0 | $0 | $0 | $0 | $0 | $737K | $1.34M | $2.59M | $0 | $0 | $0 | $0 | $0 | $0 | $10.81M | $10.81M | $19.83M | $29.41M | $95K | $15.85M | $31K | $6.42M |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | -$372K | -$21.59M | -$2.15M | $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 |
| Other Financing Activities | $241 | $0 | $40K | $0 | $0 | $0 | $14K | $259K | $7.6M | -$7.79M | $131K | $1K | $1K | $37K | -$141K | $0 | $10.3M | $5.29M | $7.5M | -$400K | $0 | $15.75M | -$15.81M | $6.39M | -$4.38M |
| Net Cash from Financing | -$296K | -$264K | -$212K | -$253K | -$225K | -$546K | -$21.57M | -$1.89M | -$59.14M | $31.73M | $2.22M | $1K | $0 | $37K | $0 | $0 | $0 | $16.1M | $32.09M | $29.41M | $95K | $15.85M | $31K | $6.42M | $2.04M |
| Forex Effect | -$7K | $395K | $0 | $0 | -$713 | -$2K | -$393K | $811K | -$77K | -$34K | $28K | $225 | $103 | $2K | -$38K | -$9K | $521K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$2.16M | $586K | $1.08M | $829K | $697K | -$7.31M | -$7.97M | $13.46M | -$4.99M | $6.2M | $2.19M | $77K | -$711K | $267K | $270K | -$1.15M | -$7.08M | -$14.16M | -$2.25M | $19.48M | -$8.81M | $11.28M | -$3M | $3.25M | $1.54M |
| Supplementary Data | |||||||||||||||||||||||||
| Operating Cash Flow | -$399K | $982K | $1.48M | $1.3M | $2.84M | -$1.6M | -$10.44M | $529K | $15.63M | $4.57M | $102K | $79K | -$706K | $297K | $340K | -$1.04M | -$7.43M | -$29.84M | -$18M | -$9.04M | -$8.6M | -$4.39M | -$2.84M | -$2.97M | -$1.95M |
| Capital Expenditure | $0 | -$527K | -$192K | -$221K | -$583K | -$1K | -$9.87M | -$1.05M | -$942K | -$331K | -$162K | -$4K | -$5K | -$70K | -$32K | -$101K | -$170K | -$10K | -$133K | -$887K | -$31K | -$15K | -$4K | -$27K | -$96K |
| Free Cash Flow | -$399K | $455K | $1.29M | $1.08M | $2.26M | -$1.6M | -$20.31M | -$524K | $14.69M | $4.24M | -$60K | $75K | -$711K | $228K | $308K | -$1.14M | -$7.6M | -$29.85M | -$18.13M | -$9.92M | -$8.63M | -$4.4M | -$2.84M | -$3M | -$2.04M |
| Cash at Beginning | $4.89M | $4.54M | $3.46M | $2.63M | $1.94M | $9.24M | $17.21M | $3.75M | $8.74M | $2.54M | $352K | $90K | $801K | $535K | $265K | $1.41M | $8.49M | $22.65M | $24.89M | $5.41M | $14.22M | $2.94M | $5.95M | $2.69M | $1.15M |
| Cash at End | $2.73M | $5.13M | $4.54M | $3.46M | $2.63M | $1.94M | $9.24M | $17.21M | $3.75M | $8.74M | $2.54M | $167K | $90K | $801K | $535K | $265K | $1.41M | $8.49M | $22.65M | $24.89M | $5.41M | $14.22M | $2.94M | $5.95M | $2.69M |