Baijiayun Group Ltd (RTCJF)
Baijiayun Group Ltd is a Chinese company that specializes in providing technology solutions primarily centered around video. The firm delivers a variety of video-focused Software-as-a-Service (SaaS) and Platform-as-a-Service (PaaS) offerings, including live streaming, video-on-demand (VoD), and real-time communication tools, complemented by SMS and Content Delivery Network (CDN) services. These solutions serve diverse industries such as education, finance, healthcare, automotive, and information technology. Additionally, Baijiayun provides cloud-based video services, which encompass online schooling, video conferencing, and enterprise training platforms, catering to educational institutions, IT firms, financial organizations, media and advertising agencies, and e-commerce businesses. The company also develops AI-driven video solutions specifically designed for sectors like education, retail, public administration, and industrial manufacturing. Established in 2017, Baijiayun Group Ltd is headquartered in Nanjing, People's Republic of China.
Sector: Services-Prepackaged Software
Industry: Software - Application
Baijiayun Group Ltd
OTC:RTCJFTechnology · Software - Application
-49.38%$0.0041
Mkt Cap-
Float522K
O/S-
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$31.45M
Net Income$4.43M
Total Assets$64.53M
Free Cash Flow$2.83M
Debt & Equity
Debt 36%
Equity 64%
Total Debt$9.63M
Total Equity$16.88M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
2-year cumulative
1:20
Nasdaq bars a compliance period at 1:250
- 1:20Reverse splitJul 16, 202520 shares → 1
Balance Sheet Details
Assets$64.53M
Liabilities$49.17M
Accounts Receivable$5.06M
Accounts Payable$14.84M
Inventory$22.36M
PP&E (Net)$523K
Goodwill$0
Intangible Assets$3.33M
Income Statement
| Period | FY 2026 | FY 2024 | FY 2023 | 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 | CNY | CNY | CNY | CNY | CNY | CNY | CNY | CNY | CNY | CNY | CNY | CNY | CNY | CNY | CNY | CNY | CNY | CNY |
| Period Ending | 2026-06-30 | 2024-06-30 | 2023-06-30 | 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 |
| Revenue | $31.45M | $59.79M | $82.22M | $459.65M | $459.64M | $267.64M | $48.48M | $44.53M | $36.57M | $38.33M | $45.86M | $50.32M | $59.74M | $85.54M | $75.6M | $46.97M | $65.54M | $432.26M | $55.98M | $341.02M | $9.83M |
| YoY Growth | -47.4% | -27.3% | -82.1% | 0.0% | 71.7% | 452.0% | 8.9% | 21.8% | -4.6% | -16.4% | -8.9% | -15.8% | -30.2% | 13.1% | 61.0% | -28.3% | -84.8% | 672.2% | -83.6% | 3369.5% | - |
| Cost of Revenue | $25.53M | $46.8M | $65.67M | $336.15M | $336.14M | $222.89M | $40.53M | $40.38M | $34.01M | $38.34M | $48.62M | $52.87M | $60.23M | $71.94M | $55.92M | $43.37M | $55.24M | $55.24M | $42.84M | $255.21M | $7.74M |
| Gross Profit | $5.92M | $12.99M | $16.55M | $123.5M | $143.44M | $119.64M | $7.95M | $4.15M | $2.55M | -$616 | -$2.77M | -$2.55M | -$498K | $13.6M | $19.68M | $3.6M | $10.31M | $10.31M | $13.14M | $85.81M | $2.09M |
| Gross Margin | 18.8% | 21.7% | 20.1% | 26.9% | 31.2% | 44.7% | 16.4% | 9.3% | 7.0% | -0.0% | -6.0% | -5.1% | -0.8% | 15.9% | 26.0% | 7.7% | 15.7% | 2.4% | 23.5% | 25.2% | 21.3% |
| Research and Development | $1.91M | $8.84M | $6.45M | $87.43M | $10.79M | $1.35M | $15.12M | $15.12M | $0 | $3.74M | $7.94M | $10.96M | $9.52M | $9.99M | $7.87M | $7.87M | $754K | $754K | $0 | $0 | $0 |
| Selling, General, and Administrative | $2.26M | $53.55M | $20.97M | $148.48M | $11.84M | $8.65M | $9.59M | $9.35M | $8.64M | $8.31M | $7.02M | $8.08M | $8.11M | $8.71M | $10.69M | $6.03M | $6.7M | $4.87M | $3.14M | $2.64M | $595K |
| Other | $0 | $0 | $0 | $0 | $213.27M | $29.37M | -$15.12M | -$15.12M | $0 | -$3.41M | -$7.94M | -$10.96M | -$7.87M | -$9.99M | -$7.87M | -$7.87M | -$754K | $1.08M | $0 | $18.16M | $0 |
| Total Operating Expenses | $4.17M | $62.39M | $27.42M | $235.91M | $235.9M | $39.37M | $9.59M | $9.35M | $8.64M | $8.64M | $7.02M | $8.08M | $9.75M | $8.71M | $10.69M | $6.03M | $6.7M | $6.7M | $3.14M | $20.8M | $595K |
| Operating Income (EBIT) | $1.74M | -$49.4M | -$10.87M | -$78.73M | -$112.4M | $15.73M | -$1.64M | -$5.2M | -$6.08M | -$9.43M | -$9.78M | -$9.78M | -$10.25M | -$10.25M | $8.99M | -$2.42M | $3.61M | $61.82M | $10M | $65.01M | $1.5M |
| Operating Margin | 5.5% | -82.6% | -13.2% | -17.1% | -24.5% | 5.9% | -3.4% | -11.7% | -16.6% | -24.6% | -21.3% | -19.4% | -17.2% | -12.0% | 11.9% | -5.2% | 5.5% | 14.3% | 17.9% | 19.1% | 15.2% |
| Interest Expense | $507K | $511K | $183K | $183K | $1.3M | $1.27M | $1.42M | $1.45M | $1.13M | $1.28M | $2.01M | $1.67M | $1.67M | $1.63M | $1.33M | $958K | $585K | $12.73M | $12.87M | $13.89M | $1.37M |
| Interest Income | $98K | $66K | $38K | $38K | $328K | $158K | $178K | $111K | $106K | $190K | $209K | $169K | $164K | $416K | $82K | $23K | $101K | $567K | $47K | $872K | $182K |
| Other Income (Expense) | $3.62M | -$33.88M | $3.87M | $28.05M | $16.88M | $10.04M | -$1.06M | -$1.72M | -$998K | -$136K | -$1.84M | -$753K | $292K | -$914K | -$1.34M | -$949K | -$510K | -$11.86M | -$1.23M | -$8.8M | $170K |
| Income Before Tax (EBT) | $5.36M | -$83.28M | -$7M | -$50.68M | -$95.53M | $25.77M | -$2.7M | -$6.92M | -$7.08M | -$9.56M | -$11.62M | -$11.38M | -$9.96M | $3.98M | $7.65M | -$3.37M | $3.1M | $49.96M | $8.77M | $56.21M | $1.67M |
| Income Tax Expense | $902K | -$196K | $222K | $1.61M | -$1.64M | $2.21M | $526K | $124K | $766K | $1.08M | -$119K | -$1.65M | -$1.24M | $629K | $1.67M | -$595K | $435K | $435K | $97K | -$58K | -$35K |
| Net Income | $4.43M | -$81.85M | -$5.73M | -$41.6M | $3M | $1.62M | -$3.22M | -$7.05M | -$7.85M | -$10.64M | -$11.5M | -$9.73M | -$8.72M | $3.35M | $5.98M | -$2.78M | $2.66M | $6.47M | $8.67M | $66.61M | $1.7M |
| Net Income Margin | 14.1% | -136.9% | -7.0% | -9.1% | 0.7% | 0.6% | -6.6% | -15.8% | -21.5% | -27.8% | -25.1% | -19.3% | -14.6% | 3.9% | 7.9% | -5.9% | 4.1% | 1.5% | 15.5% | 19.5% | 17.3% |
| Supplementary Data | |||||||||||||||||||||
| EPS | 3.77 | -4.25 | -0.37 | -0.83 | 0.92 | 0.50 | -0.99 | -2.16 | -2.40 | -3.26 | -3.52 | -2.98 | -2.67 | 1.02 | 1.88 | -0.85 | 0.81 | 1.98 | 31.50 | 3.08 | 0.09 |
| Diluted EPS | 3.12 | -4.25 | -0.37 | -0.83 | 0.92 | 0.50 | -0.99 | -2.16 | -2.40 | -3.26 | -3.52 | -2.98 | -2.67 | 1.02 | 1.88 | -0.85 | 0.81 | 1.98 | 31.45 | 3.08 | 0.09 |
| Weighted Average OS | 1.18M | 19.26M | 15.66M | 9.47M | 3.27M | 3.27M | 3.27M | 3.27M | 3.27M | 3.27M | 3.27M | 3.27M | 3.27M | 3.27M | 3.27M | 3.27M | 3.27M | 3.27M | 275,257 | 2.32M | 19.27M |
| EBITDA | $2.74M | -$81.43M | -$81.29M | $111.19M | $27.25M | $21.73M | $5.27M | $1.17M | $348K | -$1.34M | -$1.83M | -$51.15M | -$12.87M | $41.69M | $14.59M | $63.53M | $7.47M | $65.88M | $83.04M | $72.73M | $1.82M |
| EBITDA Margin | 8.7% | -136.2% | -98.9% | 24.2% | 5.9% | 8.1% | 10.9% | 2.6% | 1.0% | -3.5% | -4.0% | -101.6% | -21.5% | 48.7% | 19.3% | 135.3% | 11.4% | 15.2% | 148.3% | 21.3% | 18.6% |
Balance Sheet
| Period | FY 2026 | FY 2024 | FY 2023 | 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 | CNY | CNY | CNY | CNY | CNY | CNY | CNY | CNY | CNY | CNY | CNY | CNY | CNY | CNY | CNY | CNY | CNY | CNY |
| Period Ending | 2026-06-30 | 2024-06-30 | 2023-06-30 | 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 |
| Assets | |||||||||||||||||||||
| Current Assets | |||||||||||||||||||||
| Cash and Cash Equivalents | $6M | $8.7M | $8.7M | $111.25M | $27.23M | $8.7M | $1.29M | $1.99M | $1.92M | $2.21M | $1.45M | $1.91M | $802K | $7.03M | $12.12M | $7.43M | $2.32M | $4.23M | $32.42M | $7.43M | $713K |
| Short-Term Investments | $0 | $0 | $0 | $39.02M | $52.63M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $6M | $8.7M | $8.7M | $163.88M | $163.87M | $8.7M | $1.29M | $1.99M | $1.92M | $2.21M | $1.45M | $1.91M | $802K | $7.03M | $12.12M | $7.43M | $2.32M | $4.23M | $32.42M | $7.43M | $713K |
| Accounts Receivable | $5.06M | $24.15M | $36.93M | $152.87M | $6.77M | $3.93M | $3.37M | $3.22M | $5.1M | $4.6M | $4.53M | $5.59M | $7.55M | $13.17M | $3.84M | $5.48M | $5.65M | $9.21M | $7.64M | $47.91M | $3.08M |
| Inventory | $22.36M | $4.7M | $5.57M | $12.27M | $3.89M | $3.37M | $3.59M | $3.76M | $3.62M | $4.56M | $3.87M | $6.35M | $5.49M | $6.65M | $63.75M | $5.78M | $4.48M | $7.13M | $3.04M | $3.11M | $2.18M |
| Other Current Assets | $13.81M | $5.69M | $37.29M | $173.05M | -$126.01M | $4.8M | $6.6M | $9.53M | $11.69M | $7.83M | $9.5M | $8.37M | $6.01M | $18.01M | -$41.73M | -$1.22M | $2.87M | $6.22M | $4.51M | $15.35M | $620K |
| Total Current Assets | $55.53M | $49.9M | $97.15M | $502.08M | $48.53M | $20.8M | $14.85M | $18.5M | $22.34M | $19.19M | $19.36M | $22.21M | $19.85M | $44.85M | $39.72M | $17.47M | $15.32M | $29M | $47.62M | $93.35M | $8.73M |
| Long-Term Assets | |||||||||||||||||||||
| Property, Plant & Equipment Net | $523K | $830K | $945K | $12.82M | $17.04M | $43.25M | $48.2M | $56.89M | $59.2M | $66.66M | $77.85M | $86.7M | $91.53M | $58.77M | $72.68M | $78.97M | $84.8M | $67.56M | $40.66M | $37.98M | $36.8M |
| Goodwill | $0 | $1.43M | $10.94M | $7.67M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.64M | $1.55M | $1.5M | $1.51M | $1.41M | $1.31M | $1.28M | $1.24M |
| Intangible Assets | $3.33M | $5.65M | $6.97M | $22.42M | $2.33M | $2.25M | $2.37M | $2.58M | $2.5M | $2.75M | $2.97M | $3.14M | $3.13M | $3.19M | $0 | $0 | $0 | $5K | $14K | $23K | $31K |
| Long-Term Investments | $104K | $0 | $0 | $167.59M | $5.13M | $0 | $0 | $0 | $0 | $222K | $205K | $17.11M | $16.8M | $16.93M | $16.81M | $21M | $18.34M | -$4K | $0 | $0 | $0 |
| Deferred Tax Assets | $4.96M | $3.08M | $1.84M | $14.7M | $78K | $73K | $457K | $1.06M | $1.16M | $2.39M | $3.48M | $3.35M | $1.69M | $258K | $1.77M | $784K | $2.55M | $133K | $134K | $184K | $194K |
| Other Long-Term Assets | $83K | $318K | $21.39M | $2.46M | -$4.9M | $220K | $224K | $240K | $268K | $1.79M | $4.63M | -$11.71M | -$13.24M | $85K | -$12.2M | -$12.01M | -$14.1M | $3.06M | $4.73M | $307.53M | $2.17M |
| Total Long-Term Assets | $9M | $11.3M | $42.09M | $227.65M | $19.68M | $45.8M | $51.25M | $60.77M | $63.13M | $73.81M | $89.13M | $98.58M | $99.91M | $80.87M | $80.62M | $90.25M | $93.1M | $72.16M | $46.86M | $347M | $40.43M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $64.53M | $61.2M | $139.24M | $1.01B | $729.7M | $66.6M | $66.1M | $79.26M | $85.46M | $93M | $108.49M | $120.8M | $119.76M | $125.72M | $120.34M | $107.72M | $108.43M | $101.16M | $94.47M | $742.11M | $49.17M |
| Liabilities | |||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||
| Accounts Payable | $14.84M | $10.06M | $22.77M | $155.99M | $3.94M | $2.92M | $20.78M | $22.91M | $20.58M | $32.43M | $32.73M | $34.15M | $4.41M | $3.33M | $2.16M | $3.79M | $3.41M | $2.68M | $1.64M | $10.61M | $1.41M |
| Short-Term Debt | $9.5M | $8.53M | $2.78M | $88.06M | $12.24M | $15.15M | $16.42M | $18.06M | $23.65M | $13.78M | $17.27M | $32.23M | $24.77M | $26.81M | $21.41M | $22.43M | $24.14M | $25.74M | $30.68M | $248.04M | $38.86M |
| Current Income Tax Payable | $0 | $2.17M | $1.47M | $6.23M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $20.41M | $9.95M | $8.54M | $7.24M | $450K | $744K | $270K | $303K | $505K | $346K | $547K | $2.42M | $1.88M | $1.89M | $3.17M | $1.94M | $1.09M | $1.07M | $2.52M | $2.42M | $4.02M |
| Other Current Liabilities | $2.14M | $1.21M | $1.14M | $26.19M | -$32.86M | $17.7M | -$352K | $3.71M | $2.11M | -$4M | -$6.69M | -$27.52M | $1.3M | $664K | $5.62M | -$95K | $18K | $461K | -$1K | $106.31M | -$845K |
| Total Current Liabilities | $48.6M | $35.69M | $39.37M | $285.75M | $15.1M | $36.51M | $37.12M | $44.98M | $46.84M | $42.55M | $43.86M | $41.29M | $32.35M | $32.7M | $32.35M | $29.1M | $28.67M | $31M | $34.84M | $367.39M | $47.46M |
| Long-Term Liabilities | |||||||||||||||||||||
| Long-Term Debt | $0 | $0 | $10.01M | $72.56M | $0 | $0 | $0 | $0 | $0 | $508K | $1.12M | $3.06M | $3.8M | $1.59M | $4.52M | $3.66M | $2.2M | $0 | $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 |
| Long-Term Deferred Tax Liabilities | $450K | $593K | $712K | $1.4M | $284K | $327K | $367K | $423K | $432K | $833K | $938K | $616K | $557K | $288K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $275K | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $577K | $1.1M | $10.85M | $78.72M | $284K | $327K | $367K | $423K | $432K | $1.34M | $2.06M | $3.68M | $4.36M | $1.88M | $4.8M | $3.66M | $2.2M | $0 | $0 | $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 |
| Total Liabilities | $49.17M | $36.79M | $50.22M | $364.46M | $15.38M | $36.84M | $37.48M | $45.41M | $47.27M | $43.89M | $45.92M | $44.97M | $36.71M | $34.57M | $37.15M | $32.76M | $30.87M | $31M | $34.84M | $44.47M | $47.46M |
| 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 |
| Common Stock | $2K | $2K | $49.95M | $119.65M | $2.04M | $1.9M | $1.94M | $2.04M | $1.92M | $2.05M | $2.15M | $2.2M | $2.13M | $2.12M | $2.01M | $1.95M | $1.95M | $1.82M | $1.71M | $1000 | $1K |
| Retained Earnings | -$117.87M | -$106.2M | -$24.34M | -$123.36M | -$20.77M | -$22.2M | -$24.23M | -$22.13M | -$14.19M | -$6.78M | $4.04M | $15.9M | $24.89M | $33.38M | $34.09M | $22.85M | $25.64M | $21.8M | $17.78M | $7.43M | $1.33M |
| Comprehensive Income & Other | -$869K | -$1.59M | -$3.34M | $4.31M | $5.86M | $5.47M | $5.56M | $6.17M | $5.54M | $5.93M | $6.23M | $6.39M | $6.19M | $6.15M | $179K | $145K | $155K | $157K | $228K | $1.7M | $374K |
| Other Stockholders' Equity | $134.75M | $131.5M | $63.07M | -$77.41M | $53.6M | $50.05M | $50.91M | $53.95M | $50.46M | $53.98M | $56.51M | $57.85M | $56.16M | $55.78M | $47.21M | $50.12M | $50.16M | $46.54M | $40.15M | $1.7M | $373K |
| Total Equity | $16.88M | $25.3M | $88.69M | -$81.12M | $34.87M | $29.76M | $28.61M | $33.86M | $38.19M | $49.25M | $62.7M | $75.96M | $83.19M | $91.28M | $83.31M | $74.92M | $77.76M | $70.16M | $59.64M | $9.13M | $1.7M |
| Minority Interest | -$1.53M | -$892K | $343K | $13.95M | $0 | $0 | $0 | $0 | $0 | -$128K | -$128K | -$125K | -$128K | -$127K | -$120K | $40K | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $66.06M | $62.1M | $138.9M | $283.35M | $50.25M | $66.6M | $66.1M | $79.26M | $85.46M | $93.13M | $108.61M | $120.92M | $119.89M | $125.85M | $120.46M | $107.68M | $108.62M | $101.16M | $94.47M | $53.6M | $49.17M |
| Supplementary Data | |||||||||||||||||||||
| Total Debt | $9.63M | $9.16M | $13.23M | $95.94M | $12.24M | $15.15M | $16.42M | $18.06M | $23.65M | $14.28M | $18.39M | $35.29M | $28.57M | $28.4M | $25.93M | $26.1M | $24.88M | $25.74M | $30.68M | $248.04M | $38.86M |
| Net Debt | $3.63M | $456K | $4.53M | -$15.31M | -$17.18M | $6.45M | $15.12M | $16.07M | $21.72M | $12.07M | $16.94M | $33.38M | $27.76M | $21.37M | $13.81M | $18.66M | $22.56M | $21.51M | -$1.74M | $240.61M | $38.15M |
Cash Flow Statement
| Period | FY 2026 | FY 2024 | FY 2023 | 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 | CNY | CNY | CNY | CNY | CNY | CNY | CNY | CNY | CNY | CNY | CNY | CNY | CNY | CNY | CNY | CNY | CNY | CNY |
| Period Ending | 2026-06-30 | 2024-06-30 | 2023-06-30 | 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 | $4.43M | -$83.08M | -$7.22M | -$12.62M | $3M | $1.62M | -$3.22M | -$7.05M | -$7.85M | -$10.64M | -$11.5M | -$9.73M | -$2.98M | $3.35M | $5.98M | -$2.78M | $2.66M | $6.47M | $8.67M | $7.15M | $1.7M |
| Depreciation & Amortization | $995K | $1.34M | $1.48M | $12.2M | $6.47M | $6M | $6.55M | $6.65M | $6.3M | $6.94M | $7.77M | $8.03M | $48.66M | $7.04M | $5.61M | $5.32M | $3.76M | $3.19M | $3.01M | $2.98M | $326K |
| Deferred Income Tax | $901K | -$1.41M | $138K | $5.94M | -$936K | $332K | $526K | $124K | $766K | $1.08M | $49K | -$1.65M | -$1.24M | $162K | $789K | -$595K | -$256K | $21K | $97K | -$7K | -$35K |
| Stock-Based Compensation | $0 | $16.69M | $1.48M | $9.52M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$8.46M | -$56K | -$40K | $0 | $0 | $0 | $94K | -$4K | $2K |
| Changes in Working Capital: | |||||||||||||||||||||
| Accounts Receivable | $5.06M | $8.42M | -$14.25M | -$136.97M | -$43.76M | -$3.89M | -$274K | $1.54M | -$3.15M | -$16K | -$246K | $2.25M | $5.04M | -$4.24M | $513K | $1.7M | $18.6M | $0 | -$3.62M | $0 | $0 |
| Inventory | -$9.46M | $852K | -$3.53M | -$5.99M | $7.3M | -$10.12M | -$14K | -$117K | $669K | -$683K | $2.32M | -$687K | $1.2M | $1.16M | -$1.14M | -$2.74M | $13.77M | -$2.69M | $141K | -$857K | $1.61M |
| Accounts Payable | $7.3M | -$13.11M | $1.15M | $105.61M | $0 | $0 | $477K | -$476K | -$1.75M | -$1.49M | -$1.47M | $769K | $1.53M | $0 | -$1.75M | -$655K | $3.77M | $0 | $0 | $0 | $0 |
| Other Working Capital | $1.15M | $23.76M | $23.76M | -$96.74M | -$7.41M | $17.04M | -$259K | $892K | $1.35M | $411K | -$710K | $1.81M | -$72K | -$10.07M | $4.89M | $187K | -$4.04M | $4.01M | -$758K | -$3.93M | $3.63M |
| Total Working Capital Change | $4.06M | $19.93M | -$12.37M | -$134.09M | -$43.88M | $3.03M | -$71K | $1.84M | -$2.88M | -$1.78M | -$100K | $4.14M | $7.7M | -$13.15M | $2.52M | -$1.51M | $32.11M | $1.32M | -$4.24M | -$4.79M | $5.24M |
| Other Non-Cash Items | -$7.56M | $40.03M | $5.9M | -$374K | $53.33M | -$3.21M | -$90K | $91K | $323K | $251K | $21K | -$282K | -$43.18M | $426K | -$149 | $14.42M | -$37.1M | $344K | -$138K | $126K | $123K |
| Net Cash from Operating | $2.84M | -$6.5M | -$10.59M | -$119.42M | $17.99M | $7.77M | $3.69M | $1.66M | -$3.35M | -$4.15M | -$3.76M | $510K | $510K | -$2.23M | $14.86M | $14.86M | $1.17M | $11.34M | $7.5M | $5.45M | $7.35M |
| Investing Activities | |||||||||||||||||||||
| Capital Expenditures | -$7K | -$1K | -$588K | -$13.48M | -$1.72M | -$1.85M | -$671K | -$503K | -$1.62M | -$240K | -$896K | -$2.18M | -$34.08M | -$5.72M | -$445K | -$12.85M | -$16.16M | -$25.35M | -$5.15M | -$4.54M | -$6.89M |
| Acquisitions | -$167K | -$70K | -$301K | $168K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.47M |
| Purchases of Investments | -$88K | -$7.28M | -$20.68M | -$1.33B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $12.97M | $22.6M | $1.16B | $0 | $0 | $0 | $0 | $0 | $21M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $52K | $4K | $55K | $122K | -$17.12M | -$803K | -$3.11M | $28.79M | -$13.27M | -$18.54M | $20.69M | $15.33M | -$8.43M | -$423K | $605K | $540K |
| Net Cash from Investing | -$262K | $5.61M | $1.04M | -$184.38M | -$1.72M | -$1.79M | -$667K | -$448K | -$1.49M | $3.64M | -$1.7M | -$5.29M | -$5.29M | -$18.99M | -$18.99M | $7.84M | -$829K | -$33.78M | -$5.57M | -$3.94M | -$4.89M |
| Financing Activities | |||||||||||||||||||||
| Debt Repaid | - | $10M | - | - | - | - | $5.29M | - | $316K | -$3.36M | -$3.36M | -$19.79M | -$19.8M | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $30.22M | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | -$11.82M | $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 |
| Other Financing Activities | $0 | $41.9M | $9.3M | $41.43M | $56.83M | $2M | -$3.67M | $40.99M | $53.78M | $0 | $0 | $0 | $0 | -$5.36M | $7.07M | $0 | $19.91M | $42.61M | $48.61M | $1.96M | $120K |
| Net Cash from Financing | -$5.45M | -$4.23M | -$971K | $87.91M | -$10.98M | -$335K | -$6.01M | -$4.13M | $8.66M | $1.35M | $5.05M | $5.87M | -$200K | $1.03M | $1.03M | $8.41M | $1.23M | -$7.07M | $29.15M | -$1.32M | -$1.75M |
| Forex Effect | $60K | $1.34M | -$1.6M | $260K | -$153 | $0 | -$293K | $270K | $384K | -$9K | -$5K | -$3K | -$3K | -$34K | -$34K | $2K | $35K | -$472K | $0 | $0 | $0 |
| Net Change in Cash | -$2.82M | -$3.78M | -$12.12M | -$215.62M | $5.29M | $5.64M | -$3.28M | -$2.65M | $4.2M | $822K | -$412K | $1.08M | $1.08M | -$20.22M | -$20.22M | $21.77M | $1.61M | -$29.98M | $31.07M | $191K | $713K |
| Supplementary Data | |||||||||||||||||||||
| Operating Cash Flow | $2.84M | -$6.5M | -$10.59M | -$119.42M | $17.99M | $7.77M | $3.69M | $1.66M | -$3.35M | -$4.15M | -$3.76M | $510K | $7.44M | -$2.23M | $14.86M | $1.17M | $11.73M | $11.34M | $7.5M | $5.45M | $7.35M |
| Capital Expenditure | -$7K | -$1K | -$588K | -$13.48M | -$1.72M | -$1.85M | -$671K | -$503K | -$1.62M | -$240K | -$896K | -$2.18M | -$34.08M | -$5.72M | -$445K | -$12.85M | -$16.16M | -$25.35M | -$5.15M | -$4.54M | -$6.89M |
| Free Cash Flow | $2.83M | -$6.5M | -$11.18M | -$132.89M | $16.27M | $5.92M | $3.02M | $1.16M | -$4.96M | -$4.39M | -$4.65M | -$1.67M | -$26.64M | -$7.95M | $14.42M | -$11.68M | -$4.43M | -$14.01M | $2.35M | $910K | $459K |
| Cash at Beginning | $8.82M | $12.86M | $24.97M | $383M | $13.22M | $6.7M | $10.1M | $13.29M | $8.29M | $1.39M | $1.87M | $826K | $7.08M | $27.24M | $4.04M | $2.32M | $4.53M | $34.21M | $952K | $738K | $0 |
| Cash at End | $6M | $9.08M | $12.85M | $167.37M | $18.51M | $12.34M | $6.82M | $10.64M | $12.5M | $2.21M | $1.45M | $1.91M | $802K | $7.03M | $25.82M | $3.93M | $2.32M | $4.23M | $32.03M | $929K | $713K |