Rubicon Technology, Inc. (RBCN)
Rubicon Technology, Inc. produces monocrystalline sapphire for a broad spectrum of optical and industrial applications, serving clients across North America, Asia, and other international markets. The company provides a range of optical and industrial-grade sapphire materials in various forms and dimensions, including sheets, rods, tubes, cores, ingots, and prisms. These offerings cater to diverse industries such as defense and aerospace, specialized lighting, scientific instrumentation, sensing and detection technologies, semiconductor fabrication equipment, electronic substrates, medical devices, and laser systems. Rubicon Technology's clientele encompasses defense subcontractors, industrial manufacturers, material fabricators, and resellers. Established in 2001, the company's operations are based in Bensenville, Illinois.
Sector: Semiconductors & Related Devices
Industry: Other Precious Metals
Rubicon Technology, Inc.
OTC:RBCNTechnology · Semiconductors
-9.67%$4.80
Mkt Cap$11.57M
Float1.3M
O/S2.41M
Inst Own0.0%
SI0.6%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$42.72M
Net Income$1.87M
Total Assets$108.45M
Free Cash Flow-$11.63M
Debt & Equity
Debt 329%
Total Debt$27.31M
Total Equity-$19M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:10Reverse splitMay 5, 201710 shares → 1
Balance Sheet Details
Assets$108.45M
Liabilities$125.88M
Accounts Receivable$74.56M
Accounts Payable$93.08M
Inventory$72K
PP&E (Net)$5.78M
Goodwill$0
Intangible Assets$0
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Revenue | $42.72M | $1.56M | $2M | $3.59M | $4.06M | $3.62M | $3.53M | $3.88M | $5.04M | $19.63M | $23.82M | $45.69M | $41.51M | $67.24M | $134M | $77.36M | $19.81M | $37.84M | $34.11M | $20.75M | $16.32M | $16.04M | $8.56M | $4.02M |
| YoY Growth | 2643.5% | -22.1% | -44.3% | -11.7% | 12.3% | 2.6% | -9.1% | -23.1% | -74.3% | -17.6% | -47.9% | 10.0% | -38.3% | -49.8% | 73.2% | 290.6% | -47.7% | 10.9% | 64.4% | 27.2% | 1.7% | 87.4% | 112.8% | - |
| Cost of Revenue | $30.39M | $660K | $2.06M | $2.15M | $2.8M | $3.23M | $2.44M | $3.86M | $10.55M | $45.64M | $46.96M | $75.37M | $63.43M | $67.28M | $64.36M | $36.2M | $23.43M | $25.75M | $22.05M | $18.89M | $18.51M | $0 | $5.83M | $5.54M |
| Gross Profit | $12.33M | $897K | -$58K | $1.44M | $1.26M | $1.24M | $1.08M | $16K | -$5.51M | -$26.01M | -$23.14M | -$29.69M | -$21.92M | -$40K | $69.64M | $41.16M | -$3.62M | $12.09M | $12.06M | $1.87M | -$2.19M | $16.04M | $2.73M | -$1.51M |
| Gross Margin | 28.9% | 57.6% | -2.9% | 40.1% | 31.1% | 34.3% | 30.7% | 0.4% | -109.2% | -132.5% | -97.2% | -65.0% | -52.8% | -0.1% | 52.0% | 53.2% | -18.3% | 32.0% | 35.4% | 9.0% | -13.4% | 100.0% | 31.8% | -37.6% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $122K | $962K | $2.55M | $2.21M | $1.86M | $2.26M | $2.27M | $1.81M | $1.08M | $801K | $862K | $769K | $679K | $861K | $0 | $1.8M | $630K |
| Selling, General, and Administrative | $10.54M | $954K | $1.85M | $2.48M | $2.34M | $2.79M | $2.91M | $2.63M | $5.29M | $9.14M | $10.95M | $11.33M | $10.15M | $10.7M | $12.99M | $11.15M | $5.95M | $7.66M | $6.83M | $4.36M | $5.95M | $0 | $975K | $774K |
| Other | $0 | $0 | -$1.9M | -$467K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $19K | $0 | $234K | $0 | $2.21M | $139K | $975K | $383K | $0 | $2.98M | $2.96M |
| Total Operating Expenses | $10.54M | $954K | -$44K | $2.02M | $2.34M | $2.79M | $2.91M | $2.75M | $6.25M | $11.69M | $13.16M | $13.19M | $12.41M | $13M | $14.8M | $12.46M | $6.75M | $10.74M | $7.74M | $6.01M | $7.2M | $0 | $5.75M | $4.37M |
| Operating Income (EBIT) | $1.79M | -$57K | -$14K | -$1.04M | -$1.08M | -$1.21M | -$1.83M | $635K | -$17.92M | -$62.72M | -$75.95M | -$43.61M | -$34.88M | -$13.04M | $54.75M | $28.69M | -$10.37M | $2.36M | $4.33M | -$4.15M | -$9.39M | $16.04M | -$3.03M | -$5.88M |
| Operating Margin | 4.2% | -3.7% | -0.7% | -29.0% | -26.5% | -33.6% | -51.8% | 16.4% | -355.4% | -319.5% | -318.9% | -95.5% | -84.0% | -19.4% | 40.9% | 37.1% | -52.3% | 6.2% | 12.7% | -20.0% | -57.6% | 100.0% | -35.4% | -146.2% |
| Interest Expense | $0 | $0 | $89K | $39K | $0 | $0 | $0 | $0 | $0 | $99K | $109K | $95K | $95K | $0 | $0 | $0 | $2K | $2K | $1.46M | $1.31M | $2.75M | $0 | $0 | $0 |
| Interest Income | $0 | $19K | $58K | $105K | $5K | $108K | $460K | $361K | $116K | $73K | $71K | $86K | $51K | $93K | $252K | $358K | $693K | $2.06M | $373K | $5K | $14K | $0 | $0 | $0 |
| Other Income (Expense) | $183K | $19K | -$1K | $1.96M | $618K | $504K | $702K | $352K | $161K | -$385K | -$1.91M | -$302K | -$627K | $450K | -$118K | $346K | $738K | $2M | -$7.1M | -$2.94M | -$2.73M | -$21.4M | -$700K | $5.88M |
| Income Before Tax (EBT) | $1.97M | -$38K | -$15K | $919K | -$459K | -$710K | -$1.13M | $987K | -$17.76M | -$63.1M | -$77.86M | -$43.91M | -$35.51M | -$12.59M | $54.63M | $29.04M | -$9.63M | $4.36M | -$2.78M | -$7.08M | -$9.77M | $0 | -$3.73M | $0 |
| Income Tax Expense | $100K | $0 | $0 | $0 | $0 | $13K | $22K | $24K | $88K | -$223K | -$26K | $78K | -$5.16M | -$7.05M | $16.57M | -$71K | $0 | $4K | $75K | $3.49M | -$1.67M | $5.36M | $0 | $6.05M |
| Net Income | $1.87M | -$38K | -$15K | $935K | -$730K | -$1.06M | -$1.15M | $963K | -$17.85M | -$62.88M | -$77.83M | -$43.99M | -$30.35M | -$5.54M | $38.06M | $29.11M | -$9.63M | $4.36M | -$2.85M | -$7.64M | -$7.72M | -$5.36M | -$3.73M | -$6.05M |
| Net Income Margin | 4.4% | -2.4% | -0.8% | 26.1% | -18.0% | -29.4% | -32.5% | 24.8% | -353.9% | -320.3% | -326.8% | -96.3% | -73.1% | -8.2% | 28.4% | 37.6% | -48.6% | 11.5% | -8.4% | -36.8% | -47.3% | -33.4% | -43.5% | -150.4% |
| Supplementary Data | ||||||||||||||||||||||||
| EPS | 0.48 | -0.02 | -0.01 | 0.38 | -0.30 | -0.43 | -0.42 | 0.35 | -6.60 | -23.86 | -29.76 | -17.04 | -13.45 | -2.46 | 16.70 | 13.40 | -4.79 | 2.10 | -11.35 | -305.80 | -315.09 | -235.01 | -163.41 | -304.86 |
| Diluted EPS | 0.48 | -0.02 | -0.01 | 0.38 | -0.30 | -0.43 | -0.42 | 0.35 | -6.60 | -23.86 | -29.76 | -17.04 | -13.45 | -2.46 | 16.10 | 12.80 | -4.79 | 1.90 | -11.35 | -305.80 | -315.09 | -235.01 | -163.41 | -304.86 |
| Weighted Average OS | 3.87M | 2.38M | 2.40M | 2.45M | 2.44M | 2.50M | 2.71M | 2.73M | 2.70M | 2.64M | 2.62M | 2.58M | 2.26M | 2.25M | 2.29M | 2.17M | 2.01M | 2.09M | 251,348 | 24,984 | 24,507 | 22,812 | 22,807 | 19,852 |
| EBITDA | $1.79M | -$38K | $145K | $1.08M | -$319K | -$558K | -$1.66M | -$2.38M | -$10.58M | -$56.9M | -$66.34M | -$30.18M | -$22.76M | -$559K | $64.36M | $34.76M | -$4.29M | $8.81M | $4.33M | -$1.04M | -$6.1M | $16.04M | -$3.03M | -$5.88M |
| EBITDA Margin | 4.2% | -2.4% | 7.3% | 30.1% | -7.9% | -15.4% | -47.0% | -61.3% | -209.8% | -289.9% | -278.5% | -66.1% | -54.8% | -0.8% | 48.0% | 44.9% | -21.6% | 23.3% | 12.7% | -5.0% | -37.4% | 100.0% | -35.4% | -146.2% |
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 2003 | FY 2002 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2003-12-31 | 2002-12-31 |
| Assets | |||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||
| Cash and Cash Equivalents | $6.6M | $566K | $594K | $1.59M | $11.26M | $11.13M | $8.71M | $11.24M | $11.54M | $17.67M | $21.22M | $24.35M | $21.07M | $19.57M | $4.29M | $16.07M | $3.86M | $7.63M | $4.38M | $3.64M | $1.47M | $2.21M | $3.12M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $14.75M | $14.75M | $15.46M | $14.36M | $6.45M | $0 | $8.89M | $20.56M | $13.57M | $24.36M | $50.53M | $66.13M | $40.72M | $37.33M | $67.77M | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $6.6M | $566K | $594K | $1.59M | $26.01M | $25.88M | $24.17M | $25.6M | $18M | $17.67M | $30.11M | $44.91M | $34.64M | $43.93M | $54.82M | $82.2M | $44.58M | $44.96M | $72.14M | $3.64M | $1.47M | $2.21M | $3.12M |
| Accounts Receivable | $74.56M | $180K | $176K | $671K | $719K | $386K | $1.05M | $733K | $718K | $2.58M | $1.74M | $8.32M | $3.57M | $12.67M | $32.64M | $18.68M | $4.97M | $2.54M | $4.67M | $2.92M | $2.1M | $0 | $0 |
| Inventory | $72K | $43K | $71K | $449K | $791K | $1.21M | $1.85M | $2.31M | $3.87M | $9.49M | $21.33M | $22.74M | $34.31M | $47.35M | $22.82M | $18.96M | $8.73M | $7.88M | $2.52M | $1.63M | $3.03M | $0 | $0 |
| Other Current Assets | $2.4M | $64K | $152K | $167K | $529K | $529K | $4.13M | $4.31M | $11.38M | $14.92M | $170K | $183K | $165K | $4.6M | $20.88M | $533K | $8K | $5K | $1.21M | $806K | $753K | $0 | $0 |
| Total Current Assets | $83.64M | $853K | $993K | $2.88M | $28.22M | $28.29M | $31.69M | $33.07M | $34.23M | $45.75M | $60.26M | $85.4M | $86.41M | $126.72M | $135.66M | $122.23M | $59.59M | $60.31M | $81.91M | $9.7M | $7.93M | $2.21M | $3.12M |
| Long-Term Assets | |||||||||||||||||||||||
| Property, Plant & Equipment Net | $5.78M | $0 | $0 | $2.18M | $2.3M | $2.48M | $2.65M | $2.73M | $815K | $7.11M | $57.57M | $107.68M | $115.22M | $119.85M | $120.93M | $82.51M | $39.52M | $39.34M | $26.3M | $19.26M | $20.88M | $0 | $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 |
| Intangible Assets | $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 Investments | $8.7M | $123K | $123K | $250K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2M | $2M | $2M | $13M | $3.2M | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $10.13M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4.43M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $204K | $0 | $0 | $650K | $468K | $468K | $468K | $0 | $0 | $154K | $1.42M | $1.83M | $1.07M | -$2.9M | $1.36M | $0 | $69K | -$304K | $0 | $57K | $78K | $0 | $0 |
| Total Long-Term Assets | $24.81M | $123K | $123K | $3.08M | $2.77M | $2.95M | $3.12M | $2.73M | $815K | $7.26M | $58.98M | $109.5M | $116.29M | $121.38M | $124.3M | $84.51M | $41.59M | $52.03M | $29.5M | $19.32M | $20.96M | $0 | $0 |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $19.95M | $14.13M |
| Total Assets | $108.45M | $976K | $1.12M | $5.96M | $30.99M | $31.24M | $34.8M | $35.79M | $35.05M | $53.01M | $119.24M | $194.91M | $202.69M | $248.1M | $259.95M | $206.74M | $101.19M | $112.34M | $111.41M | $29.02M | $28.89M | $19.95M | $14.13M |
| Liabilities | |||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||
| Accounts Payable | $93.08M | $220K | $262K | $438K | $545K | $497K | $733K | $400K | $582K | $948K | $3.26M | $3.75M | $4.46M | $8.95M | $12.83M | $9.26M | $2.06M | $2.44M | $2.57M | $1.48M | $820K | $0 | $0 |
| Short-Term Debt | $21.79M | $0 | $0 | $25K | $0 | $0 | $0 | $0 | $0 | $0 | $1.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $43K | $6.97M | $2.38M | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $304K | $371K | $405K | $378K | $410K | $382K | $543K | $809K | $445K | $550K | $528K | $216K | $612K | $407K | $171K | $255K | $385K | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $4K | $2K | $18K | $16K | $39K | $59K | $23K | $9K | $10K | $0 | $0 | $9K | $0 | $0 | $0 | $583K | $1.64M | -$2.38M | $0 | $0 |
| Other Current Liabilities | $4.23M | $89K | $140K | $290K | $298K | $272K | $458K | $441K | $679K | $866K | $1.57M | $1.22M | $1.61M | $2.21M | $1.58M | $1.1M | $27K | $0 | $385K | $882K | $0 | $0 | $0 |
| Total Current Liabilities | $119.1M | $610K | $711K | $1.19M | $1.6M | $1.3M | $1.56M | $1.19M | $1.72M | $2.56M | $6.7M | $5.75M | $6.64M | $12.38M | $16.6M | $14.65M | $3.75M | $3.95M | $5.73M | $10.09M | $4.33M | $0 | $0 |
| Long-Term Liabilities | |||||||||||||||||||||||
| Long-Term Debt | $1.52M | $0 | $0 | $1.57M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.63M | $4.74M | $3.12M | $1.42M |
| 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 |
| Long-Term Deferred Tax Liabilities | $3K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $554K | $593K | $267K | $10.33M | $15.12M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $1.26M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $93.9M | $59.39M | -$3.12M | -$1.42M |
| Total Long-Term Liabilities | $6.78M | $0 | $0 | $1.57M | $545K | $0 | $0 | $0 | $0 | $0 | $554K | $593K | $267K | $10.33M | $15.12M | $0 | $0 | $0 | $0 | $96.53M | $64.13M | $3.12M | $1.42M |
| Other Liabilities | $0 | $0 | $0 | $0 | -$545K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $36.04M | $23.86M |
| Total Liabilities | $125.88M | $610K | $711K | $2.75M | $1.6M | $1.3M | $1.56M | $1.19M | $1.72M | $2.56M | $7.26M | $6.35M | $6.9M | $22.71M | $31.72M | $14.65M | $3.75M | $3.95M | $5.73M | $106.61M | $68.46M | $39.16M | $25.27M |
| 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 | $29K | $29K | $29K | $29K | $29K | $29K | $29K | $29K | $29K | $29K | $28K | $28K | $25K | $25K | $24K | $23K | $21K | $21K | $24K | $3K | $3K | $0 | $0 |
| Retained Earnings | -$329.38M | -$331.25M | -$331.21M | -$331.2M | -$332.13M | -$331.4M | -$330.34M | -$329.19M | -$330.16M | -$312.31M | -$249.43M | -$171.6M | -$127.6M | -$97.25M | -$91.71M | -$129.77M | -$158.88M | -$149.25M | -$153.61M | -$77.6M | -$56.91M | $0 | $0 |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | -$1K | $0 | -$1K | -$2K | -$3K | -$30K | -$33K | -$43K | -$418K | $447K | -$50K | -$10K | -$10K | $129K | $24K | -$10.12M | -$7.28M | $0 | $0 |
| Other Stockholders' Equity | $310.35M | $331.59M | $331.59M | $334.37M | $361.49M | $361.31M | $363.56M | $363.76M | $363.46M | $362.73M | $361.38M | $360.13M | $323.37M | $322.61M | $319.92M | $321.84M | $256.3M | $257.63M | $259.27M | $0 | $17.33M | -$19.2M | -$11.15M |
| Total Equity | -$19M | $367K | $405K | $3.2M | $29.39M | $29.93M | $33.24M | $34.6M | $33.33M | $50.45M | $111.99M | $188.56M | $195.79M | $225.39M | $228.23M | $192.09M | $97.44M | $108.39M | $105.68M | -$77.59M | -$39.57M | -$19.2M | -$11.15M |
| Minority Interest | $1.58M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $106.87M | $977K | $1.12M | $5.96M | $30.99M | $31.24M | $34.8M | $35.79M | $35.05M | $53.01M | $119.24M | $194.91M | $202.69M | $248.1M | $259.95M | $206.74M | $101.19M | $112.34M | $111.41M | $29.02M | $28.89M | $19.95M | $14.13M |
| Supplementary Data | |||||||||||||||||||||||
| Total Debt | $27.31M | $0 | $0 | $1.59M | $0 | $0 | $0 | $0 | $0 | $0 | $1.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $43K | $5.82M | $7.13M | $3.12M | $1.42M |
| Net Debt | $20.7M | -$566K | -$594K | $1K | -$11.26M | -$11.13M | -$8.71M | -$11.24M | -$11.54M | -$17.67M | -$19.72M | -$24.35M | -$21.07M | -$19.57M | -$4.29M | -$16.07M | -$3.86M | -$7.63M | -$4.34M | $2.19M | $5.66M | $907K | -$1.71M |
Cash Flow Statement
| Period | FY 2025 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 |
| Operating Activities | |||||||||||||||||||||
| Net Income | $1.87M | -$15K | $919K | -$459K | -$1.06M | -$1.15M | $963K | -$17.85M | -$62.88M | -$77.83M | -$43.99M | -$30.35M | -$5.54M | $38.06M | $29.11M | -$9.63M | $4.36M | -$2.85M | -$7.64M | -$12.13M | -$5.36M |
| Depreciation & Amortization | $0 | $71K | $120K | $140K | $152K | $169K | $355K | $1.17M | $6.1M | $11.4M | $13.64M | $12.66M | $12.03M | $9.72M | $6.07M | $5.34M | $4.45M | $3.37M | $3.11M | $3.29M | $2M |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$554K | -$39K | $72K | -$5.17M | -$6.32M | $13.45M | -$2.25M | -$937K | $516K | -$615K | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $182K | $371K | $199K | $523K | $381K | $897K | $1.35M | $1.25M | $1.13M | $1.38M | $1.8M | $2.3M | $2.25M | $937K | $754K | $754K | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||
| Accounts Receivable | -$8.68M | $495K | $41K | -$236K | $666K | -$320K | -$15K | $1.87M | -$847K | $6.58M | -$4.75M | $9.1M | $19.98M | -$13.97M | -$13.71M | -$2.42M | -$1.75M | -$1.75M | $0 | $0 | -$835K |
| Inventory | -$29K | $163K | $145K | $362K | $637K | -$6K | $976K | $5.58M | $17.9M | $73K | $11.31M | $12.98M | -$24.26M | -$11.95M | -$4.46M | $1.28M | -$5.36M | -$891K | $1.4M | -$1.57M | $564K |
| Accounts Payable | -$5.32M | -$175K | $12K | $19K | -$236K | $332K | -$182K | -$369K | -$2.35M | -$247K | -$637K | -$4.47M | -$4M | $3.68M | $7.13M | -$445K | $1.09M | $1.09M | $0 | $0 | $881K |
| Other Working Capital | -$269K | -$258K | -$323K | $355K | $184K | -$375K | -$177K | $505K | $977K | $2.44M | $3.25M | $3.4M | $3.57M | -$15.52M | -$2.55M | $1.66M | -$3.33M | $462K | $185K | -$883K | $300K |
| Total Working Capital Change | -$14.3M | $225K | -$125K | $500K | $1.25M | -$369K | $602K | $7.58M | $15.68M | $8.86M | $9.18M | $21.01M | -$4.72M | -$37.76M | -$13.6M | $70K | -$9.35M | -$1.09M | $1.59M | -$2.46M | $910K |
| Other Non-Cash Items | $804K | -$1.1M | -$1.62M | -$875K | -$246K | -$406K | -$3.37M | $6.17M | $25.02M | $39.64M | $753K | $884K | $14K | -$1.16M | $2.48M | $926K | $771K | $7.54M | $3.6M | $1.88M | $387K |
| Net Cash from Operating | -$11.63M | -$823K | -$521K | -$323K | $297K | -$1.23M | -$1.07M | -$2.03M | -$15.29M | -$16.72M | -$19.22M | $412K | -$2.74M | $24.61M | $24.06M | -$3.29M | $1.5M | $7.11M | $659K | -$9.41M | -$2.07M |
| Investing Activities | |||||||||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | -$2K | $0 | $0 | $0 | -$704K | -$941K | -$6.83M | -$8.58M | -$10.96M | -$48.23M | -$49.28M | -$5.53M | -$18.7M | -$10.56M | -$2.37M | -$4.14M | -$8.66M |
| Acquisitions | $21K | $0 | $0 | $0 | $744K | $0 | $0 | $0 | $0 | $0 | -$15K | -$141K | -$10K | $0 | -$30.14M | $0 | -$30K | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | -$1.05M | -$6K | -$2.78M | -$1.57M | -$8.11M | -$6.5M | -$28K | -$2.32M | -$28.8M | -$2.04M | -$5.28M | -$9.44M | -$25.42M | -$693K | -$2.05M | -$70.94M | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $15.82M | $3K | $1.67M | $304K | $201K | $57K | $8.93M | $14M | $22.7M | $11.39M | $34.3M | $25M | $30M | $7.23M | $25.04M | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $4.1M | $1.95M | $643K | $4.91M | $701K | $8.74M | $2.56M | $5.34M | $0 | $15K | $141K | $10K | $0 | $143K | $693K | $30K | $30K | $45K | $0 | $0 |
| Net Cash from Investing | $21K | $4.1M | $16.72M | $640K | $4.54M | -$570K | $831K | -$3.88M | $13.54M | $10.74M | -$12.93M | $770K | $18.05M | -$32.67M | -$74.7M | $1.7M | $4.29M | -$81.47M | -$2.33M | -$4.14M | -$8.66M |
| Financing Activities | |||||||||||||||||||||
| Debt Repaid | $245K | $1.61M | -$1.55M | - | - | - | - | - | - | - | - | - | - | - | - | - | $29K | $4.99M | $1.55M | $1.39M | $1.17M |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $34.96M | $0 | $0 | $0 | $61.72M | -$38K | $0 | $81.07M | $5.57M | $4.96M | $12.14M |
| Common Stock Repurchases | $0 | -$2.78M | -$27.09M | $0 | -$2.4M | -$536K | -$65K | $0 | $0 | $0 | $0 | $0 | $0 | -$6.49M | $0 | -$2.58M | -$3.12M | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$159.46M | $0 | $0 | $0 |
| Other Financing Activities | -$9.67M | -$2.62M | -$210K | -$187K | -$48K | -$194K | -$14K | -$207K | -$1K | $9K | $183K | $32K | $250K | $2.49M | $1.11M | $417K | $607K | $9K | -$14K | $7.5M | $43K |
| Net Cash from Financing | $9.03M | -$4.39M | -$25.75M | -$187K | -$2.45M | -$730K | -$79K | -$207K | -$1.5M | $1.51M | $35.14M | $32K | $250K | -$4M | $62.84M | -$2.16M | -$2.54M | $75.11M | $3.84M | $11.07M | $12.47M |
| Forex Effect | $8.62M | $0 | $0 | $0 | -$136K | $0 | -$1K | -$7K | -$298K | $1.33M | $295K | $284K | -$283K | $269K | $21K | -$16K | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $6.04M | -$1.12M | -$9.55M | $130K | $2.25M | -$2.53M | -$315K | -$6.13M | -$3.54M | -$3.14M | $3.28M | $1.5M | $15.28M | -$11.78M | $12.21M | -$3.77M | $3.25M | $742K | $2.17M | -$2.48M | $0 |
| Supplementary Data | |||||||||||||||||||||
| Operating Cash Flow | -$11.63M | -$823K | -$521K | -$323K | $297K | -$1.23M | -$1.07M | -$2.03M | -$15.29M | -$16.72M | -$19.22M | $412K | -$2.74M | $24.61M | $24.06M | -$3.29M | $1.5M | $7.11M | $659K | -$9.41M | -$2.07M |
| Capital Expenditure | $0 | $0 | $0 | $0 | -$2K | $0 | $0 | $0 | -$704K | -$941K | -$6.83M | -$8.58M | -$10.96M | -$48.23M | -$49.28M | -$5.53M | -$18.7M | -$10.56M | -$2.37M | -$4.14M | -$8.66M |
| Free Cash Flow | -$11.63M | -$823K | -$521K | -$323K | $297K | -$1.23M | -$1.07M | -$2.03M | -$15.99M | -$17.66M | -$26.05M | -$8.17M | -$13.7M | -$23.62M | -$25.23M | -$8.82M | -$17.2M | -$3.46M | -$1.71M | -$13.55M | -$10.73M |
| Cash at Beginning | $566K | $1.71M | $11.26M | $11.13M | $8.88M | $11.41M | $11.72M | $17.67M | $21.22M | $24.35M | $21.07M | $19.57M | $4.29M | $16.07M | $3.86M | $7.63M | $4.38M | $3.64M | $1.47M | $3.95M | $0 |
| Cash at End | $6.6M | $594K | $1.71M | $11.26M | $11.13M | $8.88M | $11.41M | $11.54M | $17.67M | $21.22M | $24.35M | $21.07M | $19.57M | $4.29M | $16.07M | $3.86M | $7.63M | $4.38M | $3.64M | $1.47M | $3.95M |