Southern Michigan Bancorp, Inc. (SOMC)
Southern Michigan Bancorp, Inc. serves as the bank holding company for Southern Michigan Bank & Trust, delivering a comprehensive array of commercial banking solutions. These services cater to individuals, businesses, institutions, and governmental agencies, predominantly within southwest Michigan communities. Its diverse deposit offerings encompass interest-bearing and non-interest checking accounts, various savings and money market accounts, time, savings, and demand deposits, as well as Certificates of Deposit (CDs) and Individual Retirement Accounts (IRAs). The company extends various lending solutions. For consumers, these include home mortgages, equity loans, home equity lines of credit (HELOCs), auto and personal loans, and both direct and indirect financing for residential property and consumer goods. Business clients can access lines of credit, term loans, commercial real estate, commercial and industrial loans, agriculture loans, letters of credit, Small Business Administration (SBA) loans, capital access loans, and specific financing for industrial, construction, real estate, and inventory needs. Additionally, the institution provides a suite of trust and investment services, such as investment management, trustee services, IRA rollovers, retirement plan administration, institutional and personal custody, estate settlement, wealth management, and advisory support for estate and wealth transfer planning and charitable giving. Safe deposit boxes and automated teller machines (ATMs) are also available. Furthermore, customers benefit from modern banking conveniences including online and mobile banking, bill payment, e-statements, Health Savings Accounts (HSAs), ACH services, wire transfers, remote deposit capture, insurance, and merchant services. The bank also issues ATM, debit, credit, and gift cards. Established in 1871 and headquartered in Coldwater, Michigan, Southern Michigan Bancorp, Inc. maintained 13 operational branches as of March 23, 2022, spread across Branch, Calhoun, Hillsdale, Kalamazoo, and St. Joseph Counties.
Sector: Banks - Regional
Industry: Banks - Regional
Southern Michigan Bancorp, Inc.
OTC:SOMCFinancial Services · Banks - Regional
-1.97%$28.90
Mkt Cap$129.97M
Float4.47M
O/S4.5M
Inst Own-
Div Yield2.32%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$93.17M
Net Income$12.21M
Total Assets$1.69B
Free Cash Flow$20.26M
Debt & Equity
Debt 52%
Equity 48%
Total Debt$134.08M
Total Equity$121.48M
Shares Outstanding
Short Interest
Split History1 split
- 2:1Forward splitMay 17, 20211 share → 2
Balance Sheet Details
Assets$1.69B
Liabilities$1.57B
Accounts Receivable$0
Accounts Payable$0
Inventory$0
PP&E (Net)$25.19M
Goodwill$13.42M
Intangible Assets$75K
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 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 | 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 |
| Revenue | $93.17M | $48.56M | $46.81M | $51.51M | $46.15M | $40.2M | $40.21M | $35.72M | $31.27M | $28.21M | $27.68M | $26.28M | $26.74M | $26.62M | $25.38M | $26.82M | $29.11M | $32.29M | $27.81M | $20.91M | $22.66M | $22.61M | $25.66M | $26.17M | $23.08M | $11.83M | $10.23M | $8.8M | $8.13M |
| YoY Growth | 91.9% | 3.7% | -9.1% | 11.6% | 14.8% | -0.0% | 12.6% | 14.2% | 10.9% | 1.9% | 5.3% | -1.7% | 0.5% | 4.9% | -5.4% | -7.9% | -9.9% | 16.1% | 33.0% | -7.8% | 0.2% | -11.9% | -2.0% | 13.4% | 95.1% | 15.7% | 16.3% | 8.2% | - |
| Cost of Revenue | $39.11M | $0 | -$26.49M | $0 | $0 | $9.99M | $0 | $4.75M | $2.94M | $1.91M | $1.88M | $2.01M | $2.9M | $4.17M | $4.8M | $5.84M | $8.13M | $13.27M | $9.38M | $4.37M | $6.12M | $9.12M | $10.89M | $11.4M | $9.29M | $8.63M | $7.9M | $6.87M | $6.6M |
| Gross Profit | $54.06M | $48.56M | $73.31M | $51.51M | $46.15M | $30.21M | $40.21M | $30.97M | $28.33M | $26.29M | $25.8M | $24.27M | $23.84M | $22.45M | $20.58M | $20.97M | $20.98M | $19.02M | $18.43M | $16.53M | $16.55M | $13.49M | $14.77M | $14.78M | $13.79M | $3.2M | $2.32M | $1.92M | $1.53M |
| Gross Margin | 58.0% | 100.0% | 156.6% | 100.0% | 100.0% | 75.1% | 100.0% | 86.7% | 90.6% | 93.2% | 93.2% | 92.3% | 89.2% | 84.3% | 81.1% | 78.2% | 72.1% | 58.9% | 66.3% | 79.1% | 73.0% | 59.7% | 57.5% | 56.5% | 59.8% | 27.0% | 22.7% | 21.9% | 18.8% |
| 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 |
| Selling, General, and Administrative | $28.6M | $32.23M | $29.82M | $26.05M | $23.86M | $21.42M | $20.9M | $15.77M | $14.54M | $12.86M | $13.09M | $12.47M | $12.76M | $11.94M | $11.81M | $12.07M | $11.2M | $12.02M | $7.89M | $6.9M | $6.94M | $6.46M | $5.59M | $5.07M | $4.86M | $4.53M | $4.51M | $4.05M | $3.55M |
| Other | $11.07M | $0 | $0 | $0 | $0 | $0 | -$15.44M | $5.63M | $5.32M | $5.2M | $4.95M | $5.19M | $4.86M | $4.74M | $4.41M | $5.08M | $7.77M | $6.95M | $4.97M | $4.76M | $5.28M | $5.88M | $5.56M | $5.15M | $4.63M | -$6.07M | -$6.3M | -$6.33M | -$5.47M |
| Total Operating Expenses | $39.67M | $32.23M | $29.82M | $26.05M | $23.86M | $21.42M | $5.46M | $21.41M | $19.86M | $18.06M | $18.04M | $17.66M | $17.62M | $16.67M | $16.22M | $17.16M | $18.97M | $18.97M | $12.86M | $11.66M | $12.22M | $12.34M | $11.15M | $10.22M | $9.48M | -$1.54M | -$1.79M | -$2.28M | -$1.92M |
| Operating Income (EBIT) | $14.39M | $16.34M | $16.99M | $19.15M | $16.97M | $11.06M | $10.35M | $9.56M | $8.46M | $8.23M | $7.76M | $6.6M | $6.23M | $5.78M | $4.36M | $3.82M | $2.02M | $53K | $5.57M | $4.87M | $4.32M | $1.15M | $3.62M | $4.55M | $4.3M | $4.73M | $4.12M | $4.21M | $3.45M |
| Operating Margin | 15.4% | 33.6% | 36.3% | 37.2% | 36.8% | 27.5% | 25.7% | 26.8% | 27.1% | 29.2% | 28.0% | 25.1% | 23.3% | 21.7% | 17.2% | 14.2% | 6.9% | 0.2% | 20.0% | 23.3% | 19.1% | 5.1% | 14.1% | 17.4% | 18.7% | 40.0% | 40.3% | 47.8% | 42.4% |
| Interest Expense | $35.92M | $0 | $0 | $0 | $0 | $0 | $0 | $4.5M | $2.77M | $1.81M | $1.63M | $1.61M | $2.15M | $2.82M | $3.75M | $4.47M | $5.4M | $8.19M | $8.64M | $4.37M | $5.22M | $6.45M | $9.64M | $10.7M | $8.44M | $8.03M | $7.44M | $6.6M | $6.38M |
| Interest Income | $83.4M | $0 | $0 | $0 | $0 | $0 | $0 | $29.78M | $25.35M | $22.03M | $21.2M | $20.32M | $19.91M | $19.99M | $19.39M | $20.42M | $21.94M | $25.93M | $23.54M | $16.64M | $17.08M | $18.75M | $21.72M | $23.25M | $20.05M | $19.45M | $30.29M | $27.4M | $24.57M |
| Other Income (Expense) | $0 | -$4.2M | -$3.64M | -$3.08M | -$2.85M | -$2.27M | -$36K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Income Before Tax (EBT) | $14.39M | $12.14M | $13.35M | $16.07M | $14.12M | $8.79M | $10.31M | $9.56M | $8.46M | $8.23M | $7.76M | $6.6M | $6.23M | $5.78M | $4.36M | $3.82M | $2.02M | $53K | $5.57M | $4.87M | $4.32M | $1.15M | $3.62M | $4.55M | $4.3M | $4.73M | $4.12M | $4.21M | $3.45M |
| Income Tax Expense | $2.18M | $1.74M | $2.44M | $2.58M | $2.36M | $1.4M | $1.69M | $1.44M | $3.04M | $2.13M | $1.95M | $1.81M | $1.73M | $1.43M | $959K | $721K | $79K | -$760K | $1.44M | $1.26M | $1.06M | $118K | $875K | $1.18M | $1M | $1.19M | $1.08M | $1.15M | $835K |
| Net Income | $12.21M | $10.4M | $10.9M | $13.49M | $11.76M | $7.39M | $8.62M | $8.13M | $5.42M | $6.1M | $5.81M | $4.79M | $4.5M | $4.35M | $3.4M | $3.1M | $1.94M | $813K | $4.13M | $3.6M | $3.26M | $1.03M | $2.74M | $3.38M | $3.3M | $3.55M | $3.03M | $3.06M | $2.61M |
| Net Income Margin | 13.1% | 21.4% | 23.3% | 26.2% | 25.5% | 18.4% | 21.4% | 22.7% | 17.3% | 21.6% | 21.0% | 18.2% | 16.8% | 16.3% | 13.4% | 11.6% | 6.7% | 2.5% | 14.9% | 17.2% | 14.4% | 4.6% | 10.7% | 12.9% | 14.3% | 30.0% | 29.6% | 34.8% | 32.2% |
| Supplementary Data | |||||||||||||||||||||||||||||
| EPS | 2.65 | 2.28 | 2.40 | 2.98 | 2.59 | 1.60 | 1.87 | 1.76 | 1.15 | 1.27 | 1.21 | 1.00 | 0.94 | 0.92 | 0.73 | 0.67 | 0.42 | 0.18 | 1.15 | 0.94 | 0.84 | 0.26 | 0.68 | 0.83 | 0.78 | 0.74 | 0.69 | 0.70 | 0.61 |
| Diluted EPS | 2.63 | 2.28 | 2.40 | 2.97 | 2.58 | 1.60 | 1.87 | 1.76 | 1.15 | 1.27 | 1.21 | 1.00 | 0.94 | 0.92 | 0.73 | 0.67 | 0.42 | 0.18 | 1.14 | 0.93 | 0.84 | 0.26 | 0.68 | 0.83 | 0.78 | 0.74 | 0.69 | 0.70 | 0.61 |
| Weighted Average OS | 4.61M | 4.56M | 4.54M | 4.53M | 4.54M | 4.60M | 4.61M | 4.62M | 4.71M | 4.79M | 4.79M | 4.81M | 4.78M | 4.73M | 4.66M | 4.62M | 4.61M | 4.56M | 3.61M | 3.84M | 3.87M | 3.94M | 4.03M | 4.05M | 4.23M | 4.82M | 4.40M | 4.36M | 4.28M |
| EBITDA | $14.39M | $14.02M | $14.94M | $17.48M | $15.56M | $10.26M | $11.71M | $10.89M | $9.74M | $9.48M | $8.84M | $7.7M | $7.38M | $7.03M | $5.57M | $5.16M | $3.43M | $1.66M | $6.4M | $5.84M | $5.51M | $2.46M | $4.64M | $5.34M | $5.22M | $5.33M | $4.64M | $4.62M | $3.73M |
| EBITDA Margin | 15.4% | 28.9% | 31.9% | 33.9% | 33.7% | 25.5% | 29.1% | 30.5% | 31.2% | 33.6% | 32.0% | 29.3% | 27.6% | 26.4% | 21.9% | 19.3% | 11.8% | 5.1% | 23.0% | 27.9% | 24.3% | 10.9% | 18.1% | 20.4% | 22.6% | 45.1% | 45.4% | 52.5% | 45.8% |
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 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 | 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 |
| Assets | |||||||||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $109.5M | $69.5M | $73.09M | $75.7M | $117.85M | $98.03M | $67.87M | $54.74M | $17.42M | $16.32M | $13.49M | $15.37M | $32.37M | $50.33M | $42.19M | $78.83M | $24.81M | $27.99M | $14.47M | $9.56M | $16.33M | $19.29M | $23.43M | $18.49M | $12.05M | $16.23M | $16.85M | $13.52M | $17.18M |
| Short-Term Investments | $878K | $0 | $0 | $0 | $0 | $0 | $0 | $101.44M | $105.18M | $109.96M | $97.15M | $72.88M | $76M | $64.53M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $110.38M | $69.5M | $73.09M | $75.7M | $117.85M | $98.03M | $67.87M | $156.18M | $122.61M | $126.28M | $110.64M | $88.25M | $108.37M | $114.86M | $42.19M | $78.83M | $24.81M | $27.99M | $14.47M | $9.56M | $16.33M | $19.29M | $23.43M | $18.49M | $12.05M | $16.23M | $16.85M | $13.52M | $17.18M |
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.29M | $3.21M | $2.87M | $2.52M | $2.38M | $2.35M | $2.06M | $2.15M | $2.11M | $2.05M | $2.61M | $3.39M | $1.94M | $1.91M | $2.12M | $2.31M | $3.06M | $2.44M | $0 | $0 | $0 | $0 |
| Inventory | $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 Current Assets | $0 | $0 | $0 | $7.34M | $6M | $6.56M | $4.58M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $110.38M | $69.5M | $73.09M | $83.04M | $123.85M | $104.59M | $72.45M | $159.47M | $125.82M | $129.15M | $113.15M | $90.63M | $110.72M | $116.92M | $44.33M | $80.94M | $26.87M | $30.6M | $17.86M | $11.5M | $18.24M | $21.41M | $25.74M | $21.55M | $14.49M | $16.23M | $16.85M | $13.52M | $17.18M |
| Long-Term Assets | |||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $25.19M | $28.64M | $26.14M | $19.85M | $15.76M | $16.44M | $17.34M | $14.3M | $14.27M | $12.8M | $12.69M | $11.9M | $12.37M | $12.42M | $12.55M | $12.6M | $12.91M | $13.29M | $13.34M | $6.59M | $6.79M | $7.14M | $7.87M | $7.62M | $6.71M | $7.04M | $5.59M | $5.23M | $3.96M |
| Goodwill | $13.42M | $13.42M | $13.42M | $13.42M | $13.42M | $13.42M | $13.42M | $13.42M | $13.42M | $13.42M | $13.42M | $13.42M | $13.42M | $13.42M | $13.42M | $13.42M | $13.42M | $13.42M | $13.42M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $75K | $1.18M | $1.29M | $1.55M | $1.75M | $1.63M | $1.49M | $327K | $0 | $229K | $489K | $761K | $1.04M | $1.34M | $1.67M | $2M | $2.35M | $2.72M | $3.09M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $1.48B | $1.34B | $4.79M | $3.8M | $4.82M | $6.14M | $4.99M | $526.86M | $518.95M | $445.06M | $417.04M | $405.42M | $380.89M | $365.93M | $90.34M | $365.69M | $56.95M | $394.05M | $77.52M | $283.65M | $284.57M | $280.55M | $272M | $263.78M | $245.47M | $67.89M | $45.07M | $207.46M | $55.35M |
| Deferred Tax Assets | $0 | $0 | $10.1M | $10.99M | $4.85M | $4.48M | $3.33M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $60.97M | $1.38B | $1.29B | $1.15B | $998.54M | $853.64M | $698.43M | $24.45M | $39.89M | $40.87M | $25.98M | $21.21M | $21.02M | $18.83M | -$117.98M | $19.22M | -$85.64M | $20.92M | -$107.36M | $11.04M | $11.26M | $10.82M | $11.48M | $10.69M | $9.16M | -$74.93M | -$50.66M | $9.35M | -$59.32M |
| Total Long-Term Assets | $1.58B | $1.43B | $1.34B | $1.2B | $1.04B | $895.76M | $739M | $579.36M | $586.53M | $512.38M | $469.62M | $452.71M | $428.74M | $411.94M | $117.98M | $412.94M | $85.64M | $444.39M | $107.36M | $301.96M | $303.35M | $299.28M | $291.35M | $282.09M | $261.34M | $74.93M | $50.66M | $222.04M | $59.32M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $346.91M | $0 | $349.9M | $0 | $354.96M | $0 | $0 | $0 | $0 | $0 | $0 | $175.69M | $171.02M | $0 | $133.48M |
| Total Assets | $1.69B | $1.5B | $1.42B | $1.28B | $1.16B | $1B | $811.45M | $738.83M | $712.35M | $641.53M | $582.77M | $543.35M | $539.46M | $528.86M | $509.22M | $493.88M | $462.41M | $475M | $480.18M | $313.46M | $321.59M | $320.68M | $317.1M | $303.64M | $275.82M | $266.85M | $238.53M | $235.56M | $209.98M |
| Liabilities | |||||||||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||||||||
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.53M | $2.98M | $2.92M | $2.72M |
| Short-Term Debt | $1.39M | $0 | $61.01M | $31.47M | $20.8M | $21.27M | $26.4M | $15.34M | $13.95M | $13.31M | $15.94M | $14.64M | $18.48M | $16.13M | $0 | $25.11M | $0 | $26.38M | $14.75M | $10.71M | $17.09M | $5M | $0 | $4M | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $583.53M | $491.11M | $514.47M | $757.6M | $616.46M | $223.23M | $605.89M | $577.14M | $535.85M | $477.49M | $444.27M | $450.4M | $444.17M | -$4.57M | $409.9M | -$4.04M | $394.04M | -$14.75M | $251.87M | $254.7M | $262.35M | $261.08M | $245.43M | $233.3M | -$2.53M | -$2.98M | $209.47M | -$2.72M |
| Total Current Liabilities | $1.39M | $591.98M | $558.13M | $549.64M | $782.93M | $645.36M | $253.64M | $629.65M | $597.65M | $556.05M | $499.85M | $465.03M | $475.23M | $465.97M | $5.16M | $439.48M | $10.83M | $424.7M | $14.75M | $262.58M | $271.79M | $267.35M | $261.08M | $249.43M | $233.3M | $2.53M | $2.98M | $212.39M | $2.72M |
| Long-Term Liabilities | |||||||||||||||||||||||||||||
| Long-Term Debt | $132.69M | $117.98M | $82.55M | $54.58M | $54.51M | $33.25M | $43.52M | $33.66M | $44.66M | $15.36M | $15.15M | $15.15M | $5.16M | $6.19M | $0 | $5.16M | $0 | $5.16M | $5.16M | $16.97M | $17.53M | $22.65M | $24M | $25M | $15M | $5M | $3M | $0 | $1M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $428.53M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $2.19M | $1.88M | $1.85M | $0 | $1.74M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $1.43B | $1.26B | $673.31M | $582.94M | $223.35M | $871.34M | $0 | $0 | $0 | $0 | $0 | $0 | $2.25M | $2.06M | $0 | $1.4M | $0 | $728K | -$5.16M | $6.44M | $5.91M | $5.82M | $4.94M | $3.52M | $3.54M | -$5M | -$3M | $3.56M | -$1M |
| Total Long-Term Liabilities | $1.57B | $1.38B | $761.03M | $642.6M | $282.33M | $904.6M | $474.47M | $33.66M | $44.66M | $15.36M | $15.15M | $15.15M | $7.4M | $8.26M | $7.75M | $6.55M | $5.16M | $5.88M | $5.16M | $23.41M | $23.44M | $28.46M | $28.94M | $28.52M | $18.54M | $5M | $3M | $3.56M | $1M |
| Other Liabilities | $0 | -$583.53M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $444.45M | $0 | $400.69M | $0 | $416.05M | $0 | $0 | $0 | $0 | $0 | $0 | $239.39M | $211.96M | $0 | $187.76M |
| Total Liabilities | $1.57B | $1.39B | $1.32B | $1.19B | $1.07B | $907.37M | $728.11M | $663.3M | $642.31M | $571.4M | $515M | $480.19M | $482.63M | $474.23M | $457.36M | $446.04M | $416.68M | $430.58M | $435.96M | $285.99M | $295.23M | $295.81M | $290.03M | $277.95M | $251.84M | $246.92M | $217.94M | $215.95M | $191.48M |
| 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 | $0 | $0 | $0 | $0 |
| Common Stock | $11.55M | $11.44M | $11.33M | $11.29M | $11.29M | $5.75M | $5.78M | $5.78M | $5.79M | $6.01M | $6.01M | $6M | $5.67M | $5.63M | $5.61M | $5.58M | $5.55M | $5.53M | $5.54M | $4.35M | $4.4M | $4.4M | $4.55M | $4.58M | $4.6M | $4.3M | $4.43M | $2.17M | $2.14M |
| Retained Earnings | $106.72M | $97.46M | $89.81M | $82.7M | $71.58M | $67.74M | $62.48M | $55.97M | $49.75M | $46.28M | $42.03M | $37.74M | $34.35M | $31.05M | $27.58M | $24.69M | $22.06M | $20.59M | $21.63M | $15.82M | $13.45M | $11.37M | $11.53M | $9.96M | $7.95M | $11.51M | $14.22M | $14.69M | $12.63M |
| Comprehensive Income & Other | -$10.41M | -$15.12M | -$16.43M | -$21.9M | $646K | $4.07M | -$441K | -$1.3M | -$613K | -$1M | $414K | -$208K | -$717K | $297K | $571K | -$168K | $193K | $413K | -$36K | $71K | $249K | $357K | -$188K | -$403K | -$977K | $260K | $26K | $21K | $211K |
| Other Stockholders' Equity | $3.21M | -$1.68M | -$3.31M | -$7.83M | $14.88M | $19.49M | $15.08M | $13.77M | $14.5M | $17.84M | $19.73M | $19.41M | $16.82M | $17.96M | $18.68M | $17.57M | $18.12M | $18.3M | $17.05M | $7.29M | $8.51M | $9.11M | $9.46M | $9.67M | $7.44M | $4.12M | $1.94M | $2.76M | $3.72M |
| Total Equity | $121.48M | $107.22M | $97.83M | $86.16M | $97.75M | $92.98M | $83.34M | $75.53M | $70.04M | $70.13M | $67.77M | $63.16M | $56.83M | $54.63M | $51.87M | $47.84M | $45.73M | $44.42M | $44.22M | $27.46M | $26.36M | $24.87M | $25.55M | $24.21M | $19.99M | $19.93M | $20.59M | $19.62M | $18.5M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.52M | $1.48M | $3.99M | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.69B | $1.5B | $1.42B | $1.28B | $1.16B | $1B | $811.45M | $738.83M | $712.35M | $641.53M | $582.77M | $543.35M | $539.46M | $528.86M | $509.22M | $493.88M | $462.41M | $475M | $480.18M | $313.46M | $321.59M | $320.68M | $315.57M | $302.16M | $271.83M | $266.85M | $238.53M | $235.56M | $209.98M |
| Supplementary Data | |||||||||||||||||||||||||||||
| Total Debt | $134.08M | $117.98M | $146.54M | $89.25M | $77.92M | $54.55M | $58.06M | $49M | $58.6M | $28.67M | $31.1M | $29.8M | $23.63M | $22.33M | $12.91M | $30.26M | $15.99M | $31.54M | $19.91M | $27.68M | $34.62M | $27.65M | $24M | $29M | $15M | $5M | $3M | $0 | $1M |
| Net Debt | $24.58M | $48.49M | $73.45M | $13.55M | -$39.93M | -$43.49M | -$9.81M | -$5.74M | $41.18M | $12.35M | $17.61M | $14.43M | -$8.73M | -$28.01M | -$29.28M | -$48.57M | -$8.83M | $3.55M | $5.44M | $18.13M | $18.29M | $8.36M | $568K | $10.51M | $2.95M | -$11.23M | -$13.85M | -$13.52M | -$16.18M |
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 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 | 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 |
| Operating Activities | |||||||||||||||||||||||||||||
| Net Income | $12.21M | $10.4M | $10.9M | $13.49M | $11.76M | $7.39M | $8.62M | $8.13M | $5.42M | $6.1M | $5.81M | $4.79M | $4.5M | $4.35M | $3.4M | $3.1M | $1.94M | $813K | $4.13M | $3.6M | $3.26M | $1.03M | $2.74M | $3.38M | $3.3M | $3.55M | $3.03M | $3.06M | $2.61M |
| Depreciation & Amortization | $0 | $1.88M | $1.59M | $1.4M | $1.44M | $1.47M | $1.41M | $1.33M | $1.28M | $1.25M | $1.09M | $1.09M | $1.16M | $1.25M | $1.21M | $1.34M | $1.42M | $1.6M | $833K | $968K | $1.19M | $1.31M | $1.02M | $786K | $917K | $599K | $527K | $410K | $275K |
| Deferred Income Tax | $0 | $0 | $0 | -$64K | -$354K | -$1.29M | -$95K | -$81K | $938K | $447K | -$494K | -$495K | -$51K | -$122K | $150K | $175K | $506K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $20K | -$31K | -$119K |
| Stock-Based Compensation | $0 | $1.61M | $1.89M | $1.17M | $1.43M | $1.27M | $1.2M | $937K | $840K | $441K | $352K | $246K | $248K | $337K | $296K | $294K | $132K | $141K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||||||||
| Accounts Receivable | $0 | $0 | $0 | -$1.34M | $556K | -$1.37M | -$86K | -$83K | -$340K | -$354K | -$139K | -$27K | -$292K | $89K | -$41K | -$53K | $560K | $773K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $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 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$21K | $0 | $54K |
| Other Working Capital | $3.08M | -$6.45M | $469K | -$2.31M | -$616K | $1.95M | $134K | $586K | -$1.46M | -$1.28M | $1.04M | $1.11M | -$750K | $663K | $325K | $860K | -$1.98M | -$2.36M | $7K | $1.16M | $456K | $179K | $1.51M | -$2.19M | -$150K | -$1.35M | $24K | $0 | -$265K |
| Total Working Capital Change | $3.08M | -$6.45M | $469K | -$2.78M | -$616K | $583K | $436K | $503K | -$1.8M | -$1.63M | $899K | $1.08M | -$1.04M | $752K | $284K | $807K | -$1.42M | -$1.58M | $7K | $1.16M | $456K | $179K | $1.51M | -$2.19M | -$150K | -$1.35M | $3K | $231K | -$211K |
| Other Non-Cash Items | $6.82M | $388K | $1.39M | -$27K | $15K | $507K | -$942K | $1.24M | $248K | $919K | $664K | $854K | $2.9M | $1.37M | $3.65M | -$190K | $2.43M | $6.93M | $478K | $101K | $1.27M | $3.55M | -$110K | $645K | $519K | $314K | $25K | -$1.39M | -$157K |
| Net Cash from Operating | $22.11M | $7.84M | $16.24M | $13.19M | $13.68M | $9.92M | $10.62M | $12.06M | $6.93M | $7.52M | $8.31M | $7.57M | $7.71M | $7.93M | $8.99M | $5.53M | $5M | $7.9M | $5.45M | $5.83M | $6.18M | $6.07M | $5.17M | $2.61M | $4.59M | $3.11M | $3.61M | $2.27M | $2.4M |
| Investing Activities | |||||||||||||||||||||||||||||
| Capital Expenditures | -$6.85M | -$4.98M | -$8.34M | -$4.83M | -$3.77M | -$633K | -$1.89M | -$1.34M | -$2.83M | -$1.11M | -$1.6M | -$766K | -$911K | -$849K | -$881K | -$800K | -$691K | -$1.23M | -$2.56M | -$610K | -$349K | -$270K | -$1.17M | -$1.84M | -$380K | -$2.05M | -$888K | -$1.68M | -$950K |
| Acquisitions | $444K | $0 | $325K | $48K | $11K | $0 | $51K | -$360K | -$73.14M | -$39.21M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$9.56M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$48.08M | $0 | -$11.26M | -$77.69M | -$68.06M | -$101.2M | -$115.44M | -$17.8M | -$13.88M | -$56.03M | -$39.9M | -$33.23M | -$49.73M | -$17.61M | -$69.31M | -$58.77M | -$55.35M | -$63.43M | -$32.01M | -$16.61M | -$23.73M | -$13.39M | -$44.45M | -$16.37M | -$19.39M | -$43.05M | -$9.9M | -$24.58M | -$49.96M |
| Sales of Investments | $53.74M | $0 | $32.29M | $45.71M | $24.74M | $0 | $95.84M | $20.31M | $18.77M | $40.52M | $15.71M | $36.72M | $36.14M | $42.69M | $38.49M | $55.62M | $64.05M | $75.75M | $40.23M | $24.37M | $17.5M | $26.36M | $35.13M | $30.35M | $35.86M | $16.37M | $16.8M | $27.38M | $43.19M |
| Other Investing Activities | -$156.66M | -$71.59M | -$154.59M | -$142.62M | -$101.63M | -$50.28M | -$31.1M | $8.3M | $755K | -$2.11M | -$16.66M | -$25.82M | -$17.38M | -$38.27M | -$24.8M | $24.44M | -$1.48M | $279K | -$7.37M | -$8M | -$454K | -$25.13M | $1.22M | -$32.2M | -$30.71M | $0 | -$6.23M | -$29.57M | -$3.01M |
| Net Cash from Investing | -$157.4M | -$76.58M | -$141.57M | -$179.38M | -$148.72M | -$152.11M | -$52.54M | $9.1M | -$70.32M | -$57.94M | -$42.44M | -$23.1M | -$31.88M | -$14.04M | -$56.49M | $20.49M | $6.53M | $11.38M | -$11.28M | -$853K | -$7.03M | -$12.43M | -$9.28M | -$20.05M | -$14.61M | -$28.73M | -$218K | -$28.44M | -$10.73M |
| Financing Activities | |||||||||||||||||||||||||||||
| Debt Repaid | -$15M | $24M | -$57.46M | -$20M | -$22.81M | $6.32M | -$9.06M | $11M | -$29.3M | -$200K | - | -$10M | $1.04M | $6.71M | $2.33M | $753K | $1.66M | $2.27M | - | $563K | -$4.97M | $1.98M | $1M | -$10M | -$10M | -$26.3M | -$598K | -$22.94M | -$8.03M |
| Common Stock Issuance | $2.11M | $0 | $44K | $34K | $44K | $3K | $3K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $251K | $390K | $575K | $385K |
| Common Stock Repurchases | -$3.12M | -$599K | -$2.23M | -$924K | -$2.44M | -$1.01M | -$562K | -$1.46M | -$5.03M | -$2.52M | -$1.33M | -$331K | -$448K | $0 | $0 | $0 | $0 | -$621K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$2.3M | $0 | $0 | $0 |
| Dividends Paid | -$2.91M | -$2.69M | -$2.5M | -$2.32M | -$2.17M | -$2.13M | -$2.09M | -$2M | -$1.96M | -$1.74M | -$1.49M | -$1.35M | -$1.17M | -$760K | -$470K | -$467K | -$813K | -$1.85M | -$1.52M | -$1.52M | -$1.19M | -$1.2M | -$1.2M | -$1.37M | -$1.43M | -$1.25M | -$1.05M | -$1.01M | -$763K |
| Other Financing Activities | $165M | $93.83M | $66.96M | $116.73M | $136.1M | $182.54M | $50.25M | $29.22M | $42.18M | $57.51M | $35.06M | -$9.79M | $6.52M | $23.66M | $13.66M | $29.22M | -$12.23M | -$1.01M | -$1.94M | -$2.83M | -$7.65M | $1.31M | $15.65M | $11.88M | -$58K | $2M | $0 | $0 | $3.42M |
| Net Cash from Financing | $175.92M | $66.36M | $119.69M | $124.06M | $154.82M | $173.08M | $56.28M | $16.16M | $64.49M | $53.25M | $32.24M | -$1.46M | $6.2M | $14.25M | $10.86M | $28M | -$14.71M | -$5.75M | $10.93M | -$11.75M | -$2.11M | $2.22M | $9.05M | $23.88M | $5.84M | $25M | -$61K | $22.5M | $11.08M |
| Forex Effect | -$40.63M | $0 | $0 | $0 | $0 | $0 | -$382K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $0 | -$2.38M | -$5.63M | -$42.13M | $19.78M | $30.89M | $13.98M | $37.32M | $1.1M | $2.83M | -$1.89M | -$16.99M | -$17.97M | $8.15M | -$36.65M | $54.02M | -$3.17M | $13.52M | $5.1M | -$6.77M | -$2.96M | -$4.14M | $4.94M | $6.44M | -$4.18M | -$620K | $3.33M | -$3.66M | $2.75M |
| Supplementary Data | |||||||||||||||||||||||||||||
| Operating Cash Flow | $22.11M | $7.84M | $16.24M | $13.19M | $13.68M | $9.92M | $10.62M | $12.06M | $6.93M | $7.52M | $8.31M | $7.57M | $7.71M | $7.93M | $8.99M | $5.53M | $5M | $7.9M | $5.45M | $5.83M | $6.18M | $6.07M | $5.17M | $2.61M | $4.59M | $3.11M | $3.61M | $2.27M | $2.4M |
| Capital Expenditure | -$1.85M | -$4.98M | -$8.34M | -$4.83M | -$3.77M | -$633K | -$1.89M | -$1.34M | -$2.83M | -$1.11M | -$1.6M | -$766K | -$911K | -$849K | -$881K | -$800K | -$691K | -$1.23M | -$2.56M | -$610K | -$349K | -$270K | -$1.17M | -$1.84M | -$380K | -$2.05M | -$888K | -$1.68M | -$950K |
| Free Cash Flow | $20.26M | $2.85M | $7.9M | $8.36M | $9.9M | $9.29M | $8.73M | $10.71M | $4.1M | $6.41M | $6.71M | $6.81M | $6.8M | $7.09M | $8.11M | $4.73M | $4.31M | $6.67M | $2.89M | $5.22M | $5.83M | $5.8M | $4M | $777K | $4.21M | $1.06M | $2.72M | $598K | $1.45M |
| Cash at Beginning | $0 | $71.62M | $77.25M | $119.39M | $99.61M | $68.72M | $54.74M | $17.42M | $16.32M | $13.49M | $15.37M | $32.37M | $50.33M | $42.19M | $78.83M | $24.81M | $27.99M | $14.47M | $9.37M | $16.33M | $19.29M | $23.43M | $18.49M | $12.05M | $16.23M | $16.85M | $13.52M | $17.18M | $14.43M |
| Cash at End | $0 | $69.24M | $71.62M | $77.25M | $119.39M | $99.61M | $68.72M | $54.74M | $17.42M | $16.32M | $13.49M | $15.37M | $32.37M | $50.33M | $42.19M | $78.83M | $24.81M | $27.99M | $14.47M | $9.56M | $16.33M | $19.29M | $23.43M | $18.49M | $12.05M | $16.23M | $16.85M | $13.52M | $17.18M |