Royale Energy, Inc. (ROYL)
Royale Energy, Inc. is an American enterprise primarily involved in the full lifecycle of oil and natural gas assets, encompassing their acquisition, exploration, development, extraction, and subsequent sale. The company's core operational regions include California's Sacramento and San Joaquin Basins, alongside active sites in Utah, Texas, Oklahoma, Louisiana, and Colorado. Established in 1986, Royale Energy maintains its corporate headquarters in El Cajon, California.
Sector: Crude Petroleum & Natural Gas
Industry: Oil & Gas Exploration & Production
Royale Energy, Inc.
OTC:ROYLEnergy · Oil & Gas Exploration & Production
-0.11%$0.0899
Mkt Cap$8.68M
Float38.64M
O/S96.6M
Inst Own-
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$1.95M
Net Income-$1.25M
Total Assets$17M
Free Cash Flow-$5.69M
Debt & Equity
Total Debt$4.27M
Total Equity-$13.39M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in ROYL's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$17M
Liabilities$30.39M
Accounts Receivable$1.49M
Accounts Payable$3.24M
Inventory$0
PP&E (Net)$5.92M
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 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 | FY 1994 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 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 | 1997-12-31 | 1996-12-31 | 1995-12-31 | 1994-12-31 |
| Revenue | $1.95M | $2.23M | $2.16M | $2.64M | $1.72M | $1.59M | $2.97M | $3.28M | $1.01M | $1.21M | $1.71M | $3.22M | $2.57M | $4.39M | $11.67M | $11.6M | $8.63M | $19.17M | $16.56M | $24.9M | $25.64M | $25.94M | $23.27M | $12.44M | $15.86M | $11.69M | $7.8M | $8.4M | $9.1M | $10M | $8.3M | $6.6M |
| YoY Growth | -12.6% | 3.1% | -18.2% | 53.8% | 8.2% | -46.5% | -9.6% | 225.9% | -17.0% | -29.1% | -46.8% | 25.2% | -41.5% | -62.3% | 0.6% | 34.5% | -55.0% | 15.8% | -33.5% | -2.9% | -1.2% | 11.5% | 87.0% | -21.6% | 35.7% | 49.8% | -7.1% | -7.7% | -9.0% | 20.5% | 25.8% | - |
| Cost of Revenue | $1.58M | $2.29M | $2.08M | $2.5M | $2.35M | $1.87M | $2.23M | $2.34M | $552K | $2.67M | $1.87M | $2.31M | $1.51M | $1.79M | $9.57M | $4.28M | $5.5M | $24.61M | $7.52M | $12M | $11.24M | $8.47M | $6.07M | $4.18M | $3.12M | $2M | $2.7M | $1.5M | $3.2M | $5.6M | $4.7M | $2.4M |
| Gross Profit | $364K | -$65K | $82K | $138K | -$633K | -$283K | $735K | $947K | $456K | -$1.45M | -$160K | $909K | $1.06M | $2.6M | $2.1M | $7.32M | $3.13M | -$5.44M | $9.04M | $12.9M | $14.4M | $17.47M | $17.2M | $8.26M | $12.74M | $9.69M | $5.1M | $6.9M | $5.9M | $4.4M | $3.6M | $4.2M |
| Gross Margin | 18.7% | -2.9% | 3.8% | 5.2% | -36.8% | -17.9% | 24.8% | 28.8% | 45.2% | -119.6% | -9.3% | 28.2% | 41.1% | 59.3% | 18.0% | 63.1% | 36.3% | -28.4% | 54.6% | 51.8% | 56.2% | 67.3% | 73.9% | 66.4% | 80.3% | 82.9% | 65.4% | 82.1% | 64.8% | 44.0% | 43.4% | 63.6% |
| Research and Development | $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 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $2.38M | $2.56M | $2.51M | $2.59M | $2.6M | $2.5M | $3.16M | $4.87M | $3.81M | $3.54M | $4.07M | $3.99M | $3.94M | $5.18M | $5.8M | $5.2M | $5.07M | $7.32M | $7.1M | $7.33M | $7.34M | $9.99M | $7.93M | $6.65M | $7.28M | $4.82M | $3.1M | $5.4M | $3.5M | $2.1M | $2.4M | $3.6M |
| Other | -$1.11M | -$756K | -$486K | -$1.73M | $190K | -$1.69M | -$2.65M | $287K | $73K | $284K | $937K | $969K | $457K | $1.71M | $2.45M | $5.25M | $1.2M | $4.15M | $5.83M | $8.76M | $4.81M | $3.71M | $2.42M | $1.69M | $1.28M | $1.37M | $1.5M | $1.5M | $700K | $500K | $400K | $500K |
| Total Operating Expenses | $1.27M | $1.81M | $2.03M | $867K | $2.79M | $816K | $513K | $2.31M | $2.33M | $3.82M | $5M | $4.96M | $4.39M | $6.89M | $8.25M | $10.45M | $6.27M | $11.47M | $12.92M | $16.09M | $12.14M | $13.7M | $10.35M | $8.34M | $8.56M | $6.19M | $4.6M | $6.9M | $4.2M | $2.6M | $2.8M | $4.1M |
| Operating Income (EBIT) | -$905K | -$1.87M | -$1.94M | -$729K | -$3.42M | -$2.67M | $894K | -$3.2M | -$2.34M | -$4.83M | -$1.92M | -$2.07M | $1.45M | -$4.34M | -$5.64M | $1.15M | -$3.15M | -$14.36M | -$3.89M | -$3.19M | $2.26M | $3.77M | $6.85M | -$87K | $4.17M | $3.5M | $500K | $0 | $1.7M | $1.8M | $800K | $100K |
| Operating Margin | -46.5% | -84.0% | -89.9% | -27.6% | -199.3% | -168.4% | 30.1% | -97.6% | -232.4% | -398.0% | -112.4% | -64.3% | 56.5% | -98.7% | -48.4% | 9.9% | -36.5% | -74.9% | -23.5% | -12.8% | 8.8% | 14.5% | 29.5% | -0.7% | 26.3% | 29.9% | 6.4% | - | 18.7% | 18.0% | 9.6% | 1.5% |
| Interest Expense | $404K | $305K | $2K | $2K | $9K | $13K | $21K | $177K | $159K | $114K | $86K | $82K | $304K | $195K | $138K | $47K | $102K | $222K | $153K | $523K | $444K | $273K | $195K | $105K | $54K | $427K | $0 | $300K | $0 | $0 | $100K | $100K |
| Interest Income | $66K | $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 | $0 | $0 | $0 |
| Other Income (Expense) | -$347K | -$287K | $111K | $584K | -$174K | -$5.47M | $497K | -$20.3M | -$86K | $687K | $883K | -$82K | -$304K | -$165K | -$138K | $861K | -$102K | -$222K | -$153K | -$523K | -$444K | -$273K | -$195K | -$105K | -$54K | -$427K | $0 | -$300K | -$100K | -$400K | -$200K | -$100K |
| Income Before Tax (EBT) | -$1.25M | -$2.16M | -$1.83M | -$146K | -$3.6M | -$8.15M | -$348K | -$23.5M | -$2.43M | -$4.14M | -$2.01M | -$2.15M | $1.15M | -$4.53M | -$5.78M | $2.01M | -$3.25M | -$14.58M | -$4.04M | -$3.71M | $1.81M | $3.5M | $6.66M | -$193K | $4.12M | $3.07M | $0 | -$300K | $1.6M | $1.4M | $600K | $0 |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $86K | $0 | $0 | $7.43M | -$1.68M | $706K | -$1.05M | -$5.81M | -$1.26M | -$1.06M | $627K | $1.31M | $2.22M | -$55K | $371K | $80K | $400K | $100K | $100K | $0 | $300K | $0 |
| Net Income | -$1.25M | -$2.16M | -$1.83M | -$146K | -$3.6M | -$8.15M | -$1.04M | -$23.5M | -$2.43M | -$4.14M | -$2.01M | -$2.15M | $1.15M | -$11.96M | -$4.1M | $1.31M | -$2.2M | -$8.78M | -$2.78M | -$2.65M | $1.19M | $2.19M | $4.4M | -$137K | $3.75M | $2.99M | $100K | $800K | $1.5M | $1.4M | $500K | $0 |
| Net Income Margin | -64.3% | -96.9% | -84.8% | -5.5% | -209.4% | -513.2% | -35.1% | -715.9% | -240.9% | -341.4% | -117.4% | -66.8% | 44.7% | -272.2% | -35.2% | 11.3% | -25.5% | -45.8% | -16.8% | -10.6% | 4.6% | 8.5% | 18.9% | -1.1% | 23.6% | 25.6% | 1.3% | 9.5% | 16.5% | 14.0% | 6.0% | - |
| Supplementary Data | ||||||||||||||||||||||||||||||||
| EPS | -0.01 | -0.04 | -0.04 | -0.02 | -0.08 | -0.05 | -0.02 | -0.54 | -0.11 | -0.22 | -0.13 | -0.14 | 0.08 | -1.07 | -0.39 | 0.13 | -0.24 | -1.06 | -0.35 | -0.33 | 0.15 | 0.32 | 0.67 | -0.02 | 0.50 | 0.40 | 0.02 | 0.10 | 0.19 | 0.16 | 0.07 | 0.00 |
| Diluted EPS | -0.01 | -0.04 | -0.04 | -0.02 | -0.08 | -0.05 | -0.02 | -0.53 | -0.11 | -0.22 | -0.13 | -0.14 | 0.08 | -1.07 | -0.39 | 0.12 | -0.24 | -1.06 | -0.35 | -0.33 | 0.15 | 0.32 | 0.61 | -0.02 | 0.46 | 0.38 | 0.02 | 0.09 | 0.18 | 0.16 | 0.07 | 0.00 |
| Weighted Average OS | 96.60M | 77.28M | 65.76M | 58.47M | 55.89M | 53.29M | 50.87M | 43.82M | 21.84M | 18.84M | 15.19M | 14.94M | 13.85M | 11.13M | 10.66M | 10.25M | 8.97M | 8.25M | 7.92M | 8.03M | 7.91M | 6.85M | 6.60M | 7.21M | 7.56M | 7.61M | 5.22M | 7.73M | 7.73M | 8.60M | 7.45M | 7.93M |
| EBITDA | -$574K | -$1.54M | -$1.47M | -$1.87M | -$2.8M | -$7.65M | $140K | -$22.6M | -$2.15M | -$3.75M | -$1.52M | -$1.75M | $1.76M | -$3.64M | -$3.42M | $2.98M | -$2.16M | -$10.21M | -$299K | $2.65M | $6.32M | $7.49M | $9.27M | $1.61M | $5.45M | $4.87M | $2M | $1.5M | $2.4M | $2.3M | $1.2M | $600K |
| EBITDA Margin | -29.5% | -69.1% | -68.1% | -70.7% | -162.9% | -481.8% | 4.7% | -688.5% | -213.6% | -308.6% | -89.0% | -54.5% | 68.5% | -82.9% | -29.3% | 25.7% | -25.0% | -53.3% | -1.8% | 10.6% | 24.6% | 28.9% | 39.9% | 12.9% | 34.4% | 41.7% | 25.6% | 17.9% | 26.4% | 23.0% | 14.5% | 9.1% |
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 | FY 1997 | FY 1996 | FY 1995 | FY 1994 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 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 | 1997-12-31 | 1996-12-31 | 1995-12-31 | 1994-12-31 |
| Assets | ||||||||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $1.1M | $1.88M | $2.2M | $1.65M | $220K | $255K | $1.03M | $1.85M | $3.34M | $4.99M | $3.76M | $3.06M | $4.88M | $1.49M | $2.95M | $4.63M | $3.84M | $1.33M | $3.85M | $7.38M | $4.72M | $7.63M | $4.88M | $2.23M | $3.13M | $2.11M | $1M | $1M | $2M | $2.6M | $1.6M | $700K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $16K | $0 | $31K | $0 | $0 | $219K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $1.1M | $1.88M | $2.2M | $1.65M | $220K | $255K | $1.03M | $1.85M | $3.34M | $4.99M | $3.76M | $3.06M | $4.89M | $1.49M | $2.98M | $4.63M | $3.84M | $1.55M | $3.85M | $7.38M | $4.72M | $7.63M | $4.88M | $2.23M | $3.13M | $2.11M | $1M | $1M | $2M | $2.6M | $1.6M | $700K |
| Accounts Receivable | $1.49M | $1.63M | $1.91M | $1.65M | $778K | $667K | $1.78M | $1.73M | $870K | $980K | $529K | $2.25M | $1.68M | $3.97M | $1.87M | $2.45M | $2.49M | $3.75M | $4.09M | $2.91M | $4.22M | $3.9M | $5.14M | $3.74M | $3.53M | $6.48M | $1.8M | $1.7M | $2M | $2.1M | $900K | $900K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $317K | $612K | $664K | $850K | $846K | $216K | $344K | $402K | $383K | $147K | $128K | $63K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $7.92M | $6.03M | $5.55M | $5.4M | $6.41M | $3.68M | $2.85M | $4.5M | $0 | $0 | $0 | $0 | $494K | $0 | $662K | $541K | $0 | $535K | $218K | $196K | $194K | $1.16M | $1.01M | $0 | $695K | $415K | $400K | $200K | $200K | $200K | $200K | $100K |
| Total Current Assets | $10.51M | $10.16M | $9.67M | $8.81M | $7.68M | $5.07M | $8.71M | $8.26M | $4.36M | $6.04M | $4.41M | $5.47M | $7.58M | $6.54M | $6.61M | $9.06M | $8.02M | $8.89M | $9.17M | $13.18M | $11.81M | $16.4M | $12.48M | $7.85M | $7.35M | $9M | $3.2M | $2.9M | $4.2M | $4.9M | $2.7M | $1.7M |
| Long-Term Assets | ||||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $5.92M | $4.9M | $2.66M | $2.38M | $2.5M | $2.77M | $4.98M | $6.41M | $1.3M | $1.73M | $6.53M | $7.59M | $7.24M | $10.96M | $8.08M | $10.26M | $8.8M | $10.26M | $23.39M | $20.53M | $31.22M | $26.14M | $22.9M | $15.18M | $12.23M | $13.4M | $13M | $11.6M | $9.5M | $3.5M | $3.7M | $3.8M |
| 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 | $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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $6.19M | $6.58M | $0 | $0 | $0 | $0 | $0 | $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 | $6.06M | $4.5M | $5.74M | $5.03M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $576K | $590K | $590K | $590K | $599K | $584K | $709K | $510K | $511K | $611K | $731K | $511K | $946 | $7K | $7K | $7K | $7K | $7K | $7K | $7K | $7K | $7K | $282K | $275K | $0 | $309K | $700K | $900K | $0 | $0 | $200K | $200K |
| Total Long-Term Assets | $6.49M | $5.49M | $3.25M | $2.97M | $3.1M | $3.35M | $11.88M | $13.5M | $1.81M | $2.34M | $7.26M | $8.11M | $7.24M | $10.96M | $14.14M | $14.76M | $14.55M | $15.3M | $23.4M | $20.53M | $31.23M | $26.14M | $23.19M | $15.45M | $12.23M | $13.71M | $13.7M | $12.5M | $9.5M | $3.5M | $3.9M | $4M |
| 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 | $0 | $0 | $0 | $0 |
| Total Assets | $17M | $15.64M | $12.92M | $11.78M | $10.79M | $8.42M | $20.59M | $21.76M | $6.17M | $8.38M | $11.67M | $13.58M | $14.82M | $17.5M | $20.75M | $23.82M | $22.56M | $24.19M | $32.57M | $33.72M | $43.04M | $42.55M | $35.67M | $23.3M | $19.58M | $22.71M | $16.9M | $15.4M | $13.7M | $8.4M | $6.6M | $5.7M |
| Liabilities | ||||||||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||||||||
| Accounts Payable | $3.24M | $3.95M | $2.74M | $3.11M | $2.85M | $2.26M | $3.11M | $2.59M | $2.39M | $1.21M | $529K | $4.5M | $5.33M | $4.93M | $0 | $0 | $0 | $0 | $10.08M | $7.16M | $7.38M | $9.63M | $8.75M | $6.03M | $3.54M | $6.64M | $3.9M | $1.2M | $2.1M | $1.9M | $2.4M | $1.6M |
| Short-Term Debt | $0 | $706K | $696K | $0 | $114K | $133K | $56K | $391K | $0 | $0 | $31K | $29K | $23K | $2.26M | $0 | $0 | $50K | $0 | $0 | $233K | $91K | $70K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $100K | $200K |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $12K | $17K | $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 | $11.46M | $9.76M | $0 | $7.82M | $3.13M | $5.23M | $12K | $1.58M | $9.47M | $8.42M | -$4.5M | $6.13M | $8.69M | $4.88M | $3.87M | $4.98M | $4.01M | $3.95M | $5.02M | $6.49M | $5.28M | $4.03M | $2.57M | $2.74M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $15.49M | $1.1M | $157K | $9M | $1.56M | $2.16M | $7.06M | $9.29M | $1.18M | -$533K | -$511K | $0 | $0 | $0 | $4.54M | $5.24M | $5.13M | $10.32M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2K | $1.4M | $2.9M | $1.7M | $1.6M | $500K | $700K |
| Total Current Liabilities | $22.06M | $20.17M | $16.85M | $15.26M | $14.68M | $9.11M | $12.14M | $14.98M | $12.11M | $11.94M | $11.38M | $12.47M | $11.48M | $15.89M | $9.42M | $9.1M | $10.16M | $14.33M | $14.03M | $12.41M | $13.96M | $14.98M | $12.79M | $8.6M | $6.28M | $8.28M | $5.3M | $4.1M | $3.8M | $3.5M | $3M | $2.5M |
| Long-Term Liabilities | ||||||||||||||||||||||||||||||||
| Long-Term Debt | $4.12M | $3.49M | $0 | $0 | $22.8M | $0 | $0 | $0 | $0 | $0 | $1.42M | $1.45M | $1.48M | $0 | $2.75M | $3.2M | $2.44M | $1.98M | $5.18M | $3.81M | $6.63M | $5.98M | $4.39M | $3.5M | $2M | $4.95M | $5.1M | $5M | $3.9M | $300K | $300K | $500K |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $12K | $12K | $11K | $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 | $581K | $1.67M | $3.89M | $4.14M | $3.03M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $4.17M | $4.17M | $7.07M | $5.79M | $5.53M | $5.4M | $6.56M | $5.29M | $1M | $952K | $1.1M | $804K | $862K | $954K | $576K | $581K | $514K | $494K | $402K | $273K | $246K | $266K | $196K | $0 | $24K | $0 | $0 | $0 | $100K | -$100K | $100K | $100K |
| Total Long-Term Liabilities | $8.33M | $7.8M | $7.25M | $6.05M | $28.67M | $5.45M | $6.79M | $5.29M | $1M | $952K | $2.51M | $2.25M | $2.34M | $954K | $3.33M | $3.78M | $2.95M | $2.47M | $6.16M | $5.76M | $10.78M | $10.39M | $7.62M | $3.5M | $2.02M | $4.95M | $5.1M | $5M | $4M | $200K | $400K | $600K |
| 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 | $0 | $0 | $0 | $0 |
| Total Liabilities | $30.39M | $27.97M | $24.1M | $21.31M | $43.36M | $14.57M | $18.92M | $20.27M | $13.11M | $12.9M | $13.9M | $14.72M | $13.82M | $16.84M | $12.75M | $12.88M | $13.11M | $16.8M | $20.19M | $18.17M | $24.74M | $25.37M | $20.41M | $12.1M | $8.31M | $13.23M | $10.4M | $9.1M | $7.8M | $3.7M | $3.4M | $3.1M |
| Stockholders' Equity | ||||||||||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $24.45M | $23.61M | $22.8M | $22.22M | $21.45M | $20.72M | $0 | $0 | $136K | $136K | $154K | $154K | $154K | $154K | $154K | $154K | $168K | $168K | $168K | $168K | $164K | $192K | $173K | $194K | $200K | $200K | $200K | $600K | $100K | $200K |
| Common Stock | $97K | $97K | $71K | $62K | $56K | $55K | $52K | $49K | $41.27M | $41.27M | $38.85M | $38.01M | $38M | $33.25M | $0 | $0 | $0 | $0 | $0 | $19.51M | $19.5M | $19.59M | $19.11M | $16.69M | $12.29M | $8.25M | $8.2M | $0 | $0 | $0 | $0 | $0 |
| Retained Earnings | -$94.57M | -$93.5M | -$90.32M | -$87.65M | -$86.69M | -$82.3M | -$73.39M | -$72.3M | -$48.21M | -$45.78M | -$41.63M | -$39.62M | -$37.47M | -$34.19M | -$20.91M | -$16.81M | -$18.12M | -$15.92M | -$7.14M | -$3.96M | -$1.31M | -$2.5M | -$4.69M | -$5.61M | -$1.1M | $1.13M | -$1.9M | -$2M | -$2.8M | -$4.3M | -$5.7M | $600K |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | -$22.8M | $0 | $0 | -$7.53M | -$7.71M | -$7.59M | -$8.91M | -$7K | $10K | -$33.25M | $3K | $0 | $0 | -$140K | -$22.15M | $25K | $21K | $17K | $777K | -$17K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $81.08M | $81.08M | $79.07M | $78.06M | $54.06M | $76.1M | $75M | $73.74M | $0 | $0 | $562K | $467K | $468K | $1.6M | $28.91M | $27.75M | $27.57M | $23.31M | $19.53M | $790 | $121K | $87K | $843K | $123K | $79K | $100K | $200K | $8.3M | $8.7M | $9M | $8.9M | $2M |
| Total Equity | -$13.39M | -$12.33M | -$11.18M | -$9.53M | -$32.57M | -$6.14M | $1.67M | $1.49M | -$6.94M | -$4.51M | -$2.23M | -$1.14M | $993K | $663K | $8M | $10.94M | $9.45M | $7.39M | $12.38M | $15.55M | $18.31M | $17.18M | $15.26M | $11.2M | $11.27M | $9.48M | $6.5M | $6.3M | $5.9M | $4.7M | $3.2M | $2.6M |
| Minority Interest | $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 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $17M | $15.64M | $12.92M | $11.78M | $10.79M | $8.42M | $20.59M | $21.76M | $6.17M | $8.38M | $11.67M | $13.58M | $14.82M | $17.5M | $20.75M | $23.82M | $22.56M | $24.19M | $32.57M | $33.72M | $43.04M | $42.55M | $35.67M | $23.3M | $19.58M | $22.71M | $16.9M | $15.4M | $13.7M | $8.4M | $6.6M | $5.7M |
| Supplementary Data | ||||||||||||||||||||||||||||||||
| Total Debt | $4.27M | $4.43M | $951K | $337K | $23.34M | $364K | $449K | $391K | $1.58M | $1.58M | $1.45M | $1.48M | $1.5M | $2.26M | $2.75M | $3.2M | $2.49M | $1.98M | $5.18M | $4.04M | $6.72M | $6.05M | $4.39M | $3.5M | $2M | $4.95M | $5.1M | $5M | $3.9M | $300K | $400K | $700K |
| Net Debt | $3.17M | $2.56M | -$1.25M | -$1.31M | $23.12M | $109K | -$582K | -$1.46M | -$1.76M | -$3.41M | -$2.32M | -$1.59M | -$3.38M | $769K | -$196K | -$1.43M | -$1.34M | $645K | $1.33M | -$3.33M | $2M | -$1.58M | -$488K | $1.27M | -$1.13M | $2.85M | $4.1M | $4M | $1.9M | -$2.3M | -$1.2M | $0 |
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 | FY 1997 | FY 1996 | FY 1995 | FY 1994 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 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 | 1997-12-31 | 1996-12-31 | 1995-12-31 | 1994-12-31 |
| Operating Activities | ||||||||||||||||||||||||||||||||
| Net Income | -$1.25M | -$2.16M | -$1.83M | -$146K | -$3.6M | -$8.15M | -$348K | -$23.5M | -$2.43M | -$4.14M | -$2.01M | -$2.15M | $1.15M | -$11.96M | -$4.1M | $1.31M | -$2.2M | -$8.78M | -$2.78M | -$2.65M | $1.19M | $2.19M | $4.4M | -$137K | $3.75M | $2.99M | $100K | -$400K | $1.5M | $1.4M | $500K | $0 |
| Depreciation & Amortization | $274K | $316K | $358K | $587K | $548K | $485K | $468K | $723K | $116K | $284K | $401K | $316K | $310K | $664K | $2.36M | $919K | $990K | $4.15M | $3.59M | $5.83M | $4.06M | $3.71M | $2.42M | $1.69M | $1.28M | $1.37M | $1.5M | $1.5M | $700K | $500K | $400K | $500K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $303K | $7.75M | -$468K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.11M | -$2.22M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $36K | $180K | $395K | $177K | $337K | $529K | $65K | $0 | $646K | $231K | $34K | $0 | $39K | $108K | $180K | $223K | $98K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||||||||||
| Accounts Receivable | $70K | -$169K | -$269K | -$867K | -$302K | $46K | $84K | -$858K | -$54K | -$451K | $1.19M | -$1.23M | $2.14M | $145K | $493K | -$1K | $1M | -$228K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $867K | $0 | -$46K | -$84K | $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 |
| Accounts Payable | -$625K | $553K | -$100K | $1.16M | $1.17M | -$1.31M | $961K | $286K | $2.24M | -$587K | -$1.27M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$62K | -$45K | $1.49M | -$2.49M | $30K | $2.62M | -$2.76M | $14K | $14K | $152K | $156K | -$287K | -$2.22M | $9.94M | -$1.31M | $19K | -$3.05M | -$7.48M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Working Capital Change | -$617K | $340K | $1.12M | -$1.33M | $894K | $1.32M | -$1.8M | $300K | $2.2M | -$886K | $156K | -$287K | -$78K | $10.08M | -$817K | $18K | -$2.05M | -$7.71M | $2.22M | -$1.09M | -$32K | $1.42M | $2.2M | $640K | $737K | -$1.77M | $900K | $500K | $600K | -$700K | $800K | $400K |
| Other Non-Cash Items | -$1.1M | -$743K | -$599K | -$2.31M | $52K | -$2.12M | -$1.63M | $20.27M | -$975K | $1.11M | -$1.87M | -$1.06M | -$4.29M | $1.4M | $4.11M | -$361K | $2.15M | $13.78M | $2.38M | $6.8M | $1.18M | $692K | $870K | $642K | $2.06M | $824K | $200K | $1.6M | $200K | $600K | $200K | $100K |
| Net Cash from Operating | -$2.7M | -$2.21M | -$770K | -$2.81M | -$1.62M | -$381K | -$3.25M | -$2.87M | -$1.2M | -$3.27M | -$3.5M | -$3.15M | -$2.91M | $226K | $1.66M | $2.06M | -$884K | $1.54M | $4.43M | $3.41M | $6.4M | $8.02M | $9.89M | $2.84M | $7.83M | $3.42M | $2.7M | $3.2M | $3M | $1.8M | $1.9M | $1M |
| Investing Activities | ||||||||||||||||||||||||||||||||
| Capital Expenditures | -$2.99M | -$5.07M | -$5.45M | -$4.72M | -$4.15M | -$5.56M | -$9.49M | -$3.22M | -$4.39M | -$2.06M | -$3.75M | -$3.18M | -$7M | -$4.54M | -$4.75M | -$2.9M | -$1.43M | -$9.87M | -$8.84M | -$3.09M | -$9.89M | -$6.92M | -$11.02M | -$5.24M | -$3.85M | -$2.23M | -$2.7M | -$4.9M | -$7M | -$700K | -$700K | -$2.2M |
| Acquisitions | $0 | $8.26M | $0 | $7.33M | $7.61M | $4.33M | $10.98M | $549K | $3.93M | $5.27M | $7.29M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$178K | -$9K | -$633K | $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 | $36K | $0 | $1.09M | $339K | $111K | $0 | $0 | $0 | $275K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $5.58M | $0 | $7.86M | $0 | $0 | $0 | $10.98M | $10.86M | $3.93M | $5.27M | $7.29M | $4.54M | $12.23M | $15K | $806K | $15K | $134K | $5.7M | $144K | $5.02M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$100K | $0 | $100K |
| Net Cash from Investing | $2.58M | $3.19M | $2.41M | $2.61M | $3.47M | -$1.24M | $1.49M | $8.18M | -$456K | $3.21M | $3.54M | $1.36M | $5.23M | -$4.49M | -$3.95M | -$1.97M | -$966K | -$4.69M | -$8.69M | $1.93M | -$9.89M | -$6.64M | -$11.02M | -$5.24M | -$3.85M | -$2.23M | -$2.7M | -$4.9M | -$7M | -$700K | -$700K | -$2.1M |
| Financing Activities | ||||||||||||||||||||||||||||||||
| Debt Repaid | -$488K | -$1.39M | $12K | $122K | $58K | -$142K | $391K | $402K | - | $1.45M | $29K | $24K | $1.18M | -$385K | $450K | -$705K | -$464K | $3.2M | -$1.13M | $2.68M | -$674K | -$1.66M | -$4.11M | -$1.5M | $2.95M | $98K | -$100K | -$1.1M | -$3.6M | $100K | $300K | -$600K |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.16M | $689K | $0 | $1.02M | $2.12M | $0 | $0 | $2.81M | $3.73M | $0 | $0 | $98K | $0 | $0 | $0 | $0 | $8K | $0 | $0 | $0 | $0 | $0 | $600K |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$189K | -$286K | -$335K | $0 | $0 | $0 | $0 | -$400K | -$200K | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$397K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | $0 | $38K | $0 | -$177K | -$1.9M | $0 | $1.58M | $0 | $0 | $1.23M | $300K | $1.05M | $0 | $1.08M | $105K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $100K | -$100K |
| Net Cash from Financing | $488K | $1.39M | -$12K | -$122K | -$20K | $142K | -$722K | -$2.3M | $0 | $1.29M | $660K | -$24K | $1.07M | $2.8M | $601K | $705K | $4.35M | $630K | $736K | -$2.68M | $583K | $1.37M | $3.78M | $1.5M | -$2.95M | -$90K | $100K | $700K | $3.4M | -$100K | -$200K | $1.1M |
| Forex Effect | $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 | $1.7M | $4M | -$1.1M | -$1.2M | $0 |
| Net Change in Cash | $373K | $2.37M | $1.63M | -$323K | $1.82M | -$1.47M | -$2.48M | $3.02M | -$1.66M | $1.23M | $702K | -$1.82M | $3.39M | -$1.46M | -$1.68M | $795K | $2.5M | -$2.52M | -$3.53M | $2.66M | -$2.91M | $2.75M | $2.65M | -$902K | $1.03M | $1.09M | $0 | $700K | $3.4M | -$100K | -$200K | $0 |
| Supplementary Data | ||||||||||||||||||||||||||||||||
| Operating Cash Flow | -$2.7M | -$2.21M | -$770K | -$2.81M | -$1.62M | -$381K | -$3.25M | -$2.87M | -$1.2M | -$3.27M | -$3.5M | -$3.15M | -$2.91M | $226K | $1.66M | $2.06M | -$884K | $1.54M | $4.43M | $3.41M | $6.4M | $8.02M | $9.89M | $2.84M | $7.83M | $3.42M | $2.7M | $3.2M | $3M | $1.8M | $1.9M | $1M |
| Capital Expenditure | -$2.99M | -$5.07M | -$5.45M | -$4.72M | -$4.15M | -$5.56M | -$9.49M | -$3.22M | -$4.39M | -$2.06M | -$3.75M | -$3.18M | -$7M | -$4.54M | -$4.75M | -$2.9M | -$1.43M | -$9.87M | -$8.84M | -$3.09M | -$9.89M | -$6.92M | -$11.02M | -$5.24M | -$3.85M | -$2.23M | -$2.7M | -$4.9M | -$7M | -$700K | -$700K | -$2.2M |
| Free Cash Flow | -$5.69M | -$7.28M | -$6.22M | -$7.53M | -$5.77M | -$5.94M | -$12.74M | -$6.09M | -$5.59M | -$5.33M | -$7.25M | -$6.33M | -$9.91M | -$4.31M | -$3.09M | -$832K | -$2.32M | -$8.32M | -$4.41M | $315K | -$3.49M | $1.1M | -$1.13M | -$2.4M | $3.98M | $1.18M | $0 | -$1.7M | -$4M | $1.1M | $1.2M | -$1.2M |
| Cash at Beginning | $7.9M | $5.53M | $3.9M | $4.22M | $2.4M | $3.88M | $6.36M | $3.34M | $4.99M | $3.76M | $3.06M | $4.88M | $1.49M | $2.95M | $4.63M | $3.84M | $1.33M | $3.85M | $7.38M | $4.72M | $7.63M | $4.88M | $2.23M | $3.13M | $2.11M | $1.02M | $1M | $2M | $2.6M | $1.6M | $700K | $700K |
| Cash at End | $8.27M | $7.9M | $5.53M | $3.9M | $4.22M | $2.4M | $3.88M | $6.36M | $3.34M | $4.99M | $3.76M | $3.06M | $4.88M | $1.49M | $2.95M | $4.63M | $3.84M | $1.33M | $3.85M | $7.38M | $4.72M | $7.63M | $4.88M | $2.23M | $3.13M | $2.11M | $1M | $2.7M | $6M | $1.5M | $500K | $700K |