Vislink Technologies, Inc. (VISL)
Vislink Technologies, Inc. (VISL) is a global innovator specializing in the design, development, and delivery of advanced wireless communication solutions. The company serves a diverse international clientele across North and South America, Europe, and Asia. A significant portion of Vislink's business focuses on live production, offering high-definition wireless communication links designed to reliably capture, transmit, and manage real-time event footage. This includes a portfolio of advanced, high-margin wireless camera transmitters and receivers. Notable offerings in this category include the HCAM (a 4K Ultra HD-capable on-camera wireless system), the compact MicroLite 3 HD transmitter, the ultra-compact IMTDragonFly HD solution, and the Quantum receiver (known for its ultra-low latency and waveform-agnostic capabilities). They also provide other ultra-compact onboard systems. Beyond live production, Vislink also provides specialized solutions for critical applications. These include miniature transmitters and handheld receivers like the HHT3 and Mobile Commander, used for tactical surveillance operations. Their comprehensive airborne video downlink system delivers real-time aerial surveillance crucial for law enforcement, emergency services, and critical infrastructure monitoring. Additionally, their product line features the MSAT, a portable tri-band satellite antenna system, alongside the DVE6100 encoder and IRD6200 decoder electronics units. Vislink's diverse clientele spans the live production, military and government, and satellite communications sectors. Originally incorporated in 2002 as xG Technology, Inc., the company adopted its current name, Vislink Technologies, Inc., in February 2019. Its corporate headquarters are located in Mount Olive, New Jersey.
Sector: Communications Equipment, NEC
Industry: Communication Equipment
Vislink Technologies, Inc.
OTC:VISLTechnology · Communication Equipment
-1.47%$4.01
Mkt Cap$9.9M
Float2.2M
O/S2.47M
Inst Own-
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$18.49M
Net Income-$9.23M
Total Assets$18.3M
Free Cash Flow-$2.08M
Debt & Equity
Debt 8%
Equity 92%
Total Debt$770K
Total Equity$9.1M
Shares Outstanding
Short Interest
Split History7 splits · 6 reverse
- 1:20Reverse splitMay 1, 202320 shares → 1
- 2:1Forward splitNov 18, 20221 share → 2
- 1:6Reverse splitAug 3, 20206 shares → 1
- 1:10Reverse splitMay 13, 201910 shares → 1
- 1:10Reverse splitDec 16, 201610 shares → 1
- 1:12Reverse splitJun 21, 201612 shares → 1
- 1:10Reverse splitJul 20, 201510 shares → 1
Balance Sheet Details
Assets$18.3M
Liabilities$9.19M
Accounts Receivable$3.37M
Accounts Payable$2.45M
Inventory$5.63M
PP&E (Net)$2.14M
Goodwill$0
Intangible Assets$2.01M
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 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 |
| Revenue | $18.49M | $27.73M | $27.48M | $28.13M | $33.88M | $22.88M | $28.94M | $38.29M | $47.82M | $6.57M | $932K | $628K | $406K | $0 | $150K | $0 | $10.65M | $16.35M | $250K | $0 | $0 |
| YoY Growth | -33.3% | 0.9% | -2.3% | -17.0% | 48.1% | -20.9% | -24.4% | -19.9% | 627.5% | 605.4% | 48.4% | 54.7% | - | - | - | - | -34.8% | 6440.0% | - | - | - |
| Cost of Revenue | $8.63M | $20.78M | $13.87M | $18.13M | $16.01M | $14.28M | $20.45M | $19.66M | $30M | $5.55M | $1.37M | $156K | $102K | $0 | $50K | $0 | $2.02M | $1.22M | $14K | $0 | $0 |
| Gross Profit | $9.86M | $6.95M | $13.62M | $10.27M | $17.88M | $8.6M | $8.5M | $18.63M | $17.82M | $1.02M | -$439K | $472K | $304K | $0 | $100K | $0 | $8.63M | $15.13M | $236K | $0 | $0 |
| Gross Margin | 53.3% | 25.0% | 49.5% | 36.5% | 52.8% | 37.6% | 29.4% | 48.6% | 37.3% | 15.6% | -47.1% | 75.2% | 74.9% | - | 66.7% | - | 81.0% | 92.5% | 94.4% | - | - |
| Research and Development | $4.58M | $4.56M | $3.49M | $4.06M | $3.05M | $2.7M | $3.23M | $7.87M | $9.8M | $6.11M | $4.66M | $7.6M | $5.47M | $4.81M | $3.99M | $18.52M | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $14.06M | $21.6M | $19.38M | $18.2M | $22.04M | $17.02M | $20.1M | $21.82M | $27.02M | $9.53M | $7.84M | $8.04M | $6.3M | $6.1M | $88K | $85K | $53K | $101K | $0 | $51K | $43K |
| Other | $891K | $2.3M | $1.34M | $1.72M | $1.34M | $1.41M | $2.37M | $146K | $10.66M | $338K | -$26K | $440K | -$10.46M | $2.06M | $11.43M | $14.5M | $10.16M | $7.32M | $6.45M | $10.17M | $3.41M |
| Total Operating Expenses | $19.53M | $28.45M | $24.21M | $23.98M | $26.43M | $21.13M | $25.7M | $32.64M | $41.21M | $21.2M | $17.33M | $19.71M | $14.13M | $12.97M | $15.51M | $33.1M | $10.22M | $7.42M | $6.45M | $10.22M | $3.45M |
| Operating Income (EBIT) | -$9.68M | -$21.51M | -$10.6M | -$14.07M | -$8.56M | -$16.36M | -$17.2M | -$14.43M | -$23.39M | -$22.86M | -$19.86M | -$19.24M | -$13.83M | -$12.97M | -$15.41M | -$49.26M | -$1.59M | $7.71M | -$6.21M | -$11.37M | -$3.45M |
| Operating Margin | -52.4% | -77.6% | -38.6% | -50.0% | -25.3% | -71.5% | -59.4% | -37.7% | -48.9% | -347.7% | -2131.0% | -3063.5% | -3406.7% | - | -10271.3% | - | -14.9% | 47.2% | -2484.0% | - | - |
| Interest Expense | $0 | $0 | $0 | $38K | $29K | $121K | $1.88M | $2.72M | $629K | $925K | $529K | $179K | $2.23M | $535K | $892K | $62K | $0 | $6.26M | $7.06M | $112K | $15K |
| Interest Income | $194K | $300K | $560K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1K | $28K | $0 | $536K | $1.26M | $112K | $15K |
| Other Income (Expense) | $337K | $862K | $1.25M | $311K | $1.35M | $313K | -$847K | -$446K | $13.04M | $1.96M | $2M | $261K | -$13.62M | -$821K | -$1.93M | -$15.19M | $0 | -$5.72M | -$5.8M | $112K | $15K |
| Income Before Tax (EBT) | -$9.34M | -$20.65M | -$9.35M | -$13.76M | -$16.39M | -$17.57M | -$18.05M | -$14.87M | -$10.55M | -$20.9M | -$17.86M | -$18.98M | -$27.45M | -$13.79M | -$15.41M | -$49.26M | -$1.59M | $1.99M | -$12.02M | -$11.26M | -$3.44M |
| Income Tax Expense | -$108K | -$145K | -$218K | -$215K | $0 | $0 | $0 | $0 | $11.29M | $0 | $0 | $179K | $0 | $0 | $892K | $62K | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$9.23M | -$20.5M | -$9.13M | -$13.54M | -$16.39M | -$17.57M | -$18.05M | -$14.87M | -$10.55M | -$20.9M | -$17.86M | -$18.98M | -$27.45M | -$13.79M | -$15.41M | -$49.26M | -$1.59M | $1.99M | -$12.02M | -$11.26M | -$3.44M |
| Net Income Margin | -49.9% | -73.9% | -33.2% | -48.1% | -48.4% | -76.8% | -62.4% | -38.8% | -22.1% | -317.9% | -1916.0% | -3022.0% | -6761.1% | - | -10271.3% | - | -14.9% | 12.2% | -4806.0% | - | - |
| Supplementary Data | |||||||||||||||||||||
| EPS | -3.73 | -8.35 | -3.83 | -5.80 | -7.54 | -23.73 | -266.79 | -1082.38 | -1042.61 | -40718.17 | -338387.58 | -1054333.33 | -2287500.00 | -1969571.43 | -2201000.00 | -7037285.71 | -227000.00 | 284571.00 | -1716428.57 | -1608714.29 | -490857.14 |
| Diluted EPS | -3.73 | -8.35 | -3.83 | -5.80 | -7.54 | -23.73 | -266.79 | -1082.30 | -1042.61 | -40718.17 | -338387.58 | -1054333.33 | -2287500.00 | -1969571.43 | -2201000.00 | -7037285.71 | -227000.00 | 284571.00 | -1716428.57 | -1608714.29 | -490857.14 |
| Weighted Average OS | 2.47M | 2.46M | 2.38M | 2.33M | 2.17M | 740,550 | 74,683 | 13,741 | 10,115 | 513 | 53 | 18 | 12 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
| EBITDA | -$8.42M | -$18.76M | -$8.88M | -$12.07M | -$14.78M | -$15.52M | -$12.92M | -$9.2M | -$5.33M | -$14.42M | -$12.5M | -$14.93M | -$11.46M | -$11.19M | -$11.49M | -$45.83M | $1.11M | $8.73M | -$6.1M | -$11.16M | -$3.38M |
| EBITDA Margin | -45.5% | -67.7% | -32.3% | -42.9% | -43.6% | -67.8% | -44.6% | -24.0% | -11.1% | -219.3% | -1341.1% | -2377.1% | -2822.9% | - | -7661.3% | - | 10.4% | 53.4% | -2439.6% | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 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 |
| Assets | |||||||||||||||||||||
| Current Assets | |||||||||||||||||||||
| Cash and Cash Equivalents | $4.16M | $5.5M | $8.48M | $25.63M | $36.23M | $5.19M | $1.74M | $2M | $2.8M | $9.05M | $368K | $758K | $5.52M | $271K | $133K | $91K | $5.14M | $15.83M | $32.72M | $8.02M | $3.48M |
| Short-Term Investments | $0 | $995K | $5.73M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $4.16M | $6.5M | $14.21M | $25.63M | $36.23M | $5.19M | $1.74M | $2M | $2.8M | $9.05M | $368K | $758K | $5.52M | $271K | $133K | $91K | $5.14M | $15.83M | $32.72M | $8.02M | $3.48M |
| Accounts Receivable | $3.37M | $5.96M | $8.68M | $6.01M | $9.07M | $4.53M | $6.71M | $6.19M | $8.34M | $1.37M | $641K | $702K | $2.14M | $0 | $3K | $21K | $20.4M | $10.2M | $261K | $0 | $79K |
| Inventory | $5.63M | $7.56M | $14.03M | $12.02M | $11.89M | $5.99M | $7.67M | $13.05M | $14.75M | $2.72M | $777K | $4.07M | $2.92M | $0 | $0 | $528K | $1.34M | $5.13M | $2.13M | $0 | -$79K |
| Other Current Assets | $989K | $1.3M | $1.56M | $1.23M | $2.47M | $0 | $0 | $0 | $626K | $111K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $14.15M | $21.32M | $38.48M | $44.89M | $59.66M | $16.52M | $16.79M | $22.03M | $26.52M | $13.26M | $1.8M | $5.94M | $10.62M | $287K | $177K | $687K | $27.07M | $31.36M | $35.22M | $8.1M | $3.56M |
| Long-Term Assets | |||||||||||||||||||||
| Property, Plant & Equipment Net | $2.14M | $2.28M | $2.64M | $2.51M | $2.54M | $2.21M | $3.9M | $2.1M | $3.24M | $771K | $792K | $816K | $806K | $1.73M | $542K | $718K | $1.02M | $1.46M | $546K | $75K | $58K |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $35.29M | $47.75M | $36.7M | $21.83M | $15.33M | $13.43M |
| Intangible Assets | $2.01M | $2.58M | $3.87M | $4.4M | $5.92M | $1.92M | $2.92M | $4.69M | $6.89M | $5.87M | $11.9M | $16.38M | $18.2M | $17.61M | $3K | -$6.32M | -$3.32M | -$981K | -$139K | -$94K | -$60K |
| Long-Term Investments | $0 | $0 | $0 | $6.68M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $229K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $133K | $91K | $5.14M | $15.83M | $32.72M | $8.02M | $3.48M |
| Other Long-Term Assets | $0 | $0 | $0 | -$6.91M | $0 | $0 | $0 | $0 | $0 | $0 | $2.08M | $0 | $0 | -$19.33M | -$133K | -$91K | -$5.14M | -$15.83M | -$32.72M | -$8.02M | -$3.48M |
| Total Long-Term Assets | $4.15M | $4.86M | $6.51M | $6.91M | $8.46M | $4.14M | $6.82M | $6.79M | $10.13M | $6.64M | $14.77M | $17.2M | $19M | $19.33M | $33.6M | $29.68M | $45.46M | $37.17M | $22.24M | $15.31M | $13.43M |
| 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 | $18.3M | $26.18M | $44.99M | $51.8M | $68.12M | $20.65M | $23.6M | $28.81M | $36.65M | $19.9M | $16.57M | $23.14M | $29.62M | $19.62M | $33.78M | $30.37M | $72.53M | $68.53M | $57.46M | $23.41M | $16.99M |
| Liabilities | |||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||
| Accounts Payable | $2.45M | $2.42M | $3.18M | $2.63M | $3.08M | $4.1M | $6.78M | $7.07M | $10.92M | $1.61M | $1.2M | $868K | $1.84M | $655K | $686K | $487K | $1.29M | $2.98M | $1.52M | $772K | $76K |
| Short-Term Debt | $76K | $515K | $0 | $84K | $99K | $930K | $339K | $400K | $2M | $0 | $781K | $0 | $0 | $17.2M | $6.88M | $0 | $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 |
| Current Unearned Revenue | $0 | $2.77M | $1.49M | $1.54M | $2.11M | $975K | $2.82M | $1.57M | $634K | $186K | $149K | $480K | $480K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $4.22M | $2.12M | $567K | $1.32M | $2.12M | $599K | $1.63M | $2.76M | $5.24M | $1.82M | $1.28M | $270K | $1.53M | $0 | -$8.75M | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Liabilities | $8.53M | $8.28M | $6.71M | $6.27M | $9M | $8.85M | $13.21M | $12.64M | $18.99M | $5.21M | $4.18M | $4.4M | $5.09M | $23.51M | $928K | $3.23M | $1.83M | $3.46M | $1.66M | $772K | $76K |
| Long-Term Liabilities | |||||||||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $263K | $0 | $5.89M | $0 | $2M | $2M | $2M | $2M | $2M | $2M | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | -$546K | -$764K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $292K | $401K | $546K | $764K | $978K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $546K | $764K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$2M | $0 | $0 | $2M | $2M | $0 | $0 |
| Total Long-Term Liabilities | $664K | $692K | $1.3M | $1.87M | $2.48M | $1.81M | $1.16M | $5.89M | $30K | $2.05M | $2.11M | $2.38M | $2.12M | $2M | $0 | $0 | $0 | $2M | $2M | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$2M | -$2M | $0 | $0 |
| Total Liabilities | $9.19M | $8.97M | $8.02M | $8.14M | $10.51M | $10.65M | $14.38M | $18.52M | $19.02M | $7.26M | $6.28M | $6.78M | $7.21M | $25.51M | $928K | $3.23M | $1.83M | $3.46M | $1.66M | $772K | $76K |
| Stockholders' Equity | |||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $378K | $0 | $0 | $0 | $0 | $0 | $2M | $2M | $0 | $0 |
| Common Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.12M | $2.11M | $1.52M | $1.37M | $1.32M | $1.29M | $1.22M | $21M |
| Retained Earnings | -$338.96M | -$329.73M | -$309.23M | -$300.1M | -$285.56M | -$270.15M | -$252.57M | -$234.53M | -$219.84M | -$209.3M | -$188.4M | -$170.54M | -$151.56M | -$124.11M | -$66.65M | -$53.6M | -$5.33M | -$26.01M | -$29.34M | -$17.48M | -$6.21M |
| Comprehensive Income & Other | -$1.07M | -$1.45M | -$1.03M | -$1.34M | -$297K | $148K | $207K | $275K | $354K | $0 | -$0 | -$0 | $0 | $0 | $8.05M | $4.21M | $4.5M | $21.17M | $16.39M | $9.53M | $2.13M |
| Other Stockholders' Equity | $348.06M | $346.93M | $346.2M | $343.75M | $343.17M | $280.14M | $261.8M | $244.81M | $237.47M | $221.94M | $198.69M | $186.9M | $173.98M | $116.11M | $97.4M | $79.22M | $74.66M | $89.76M | $83.85M | $38.89M | $2.13M |
| Total Equity | $9.1M | $17.21M | $36.98M | $43.65M | $57.61M | $10M | $9.23M | $10.29M | $17.63M | $12.64M | $10.29M | $16.36M | $22.42M | -$5.89M | $32.85M | $27.14M | $70.7M | $65.07M | $55.8M | $22.64M | $16.91M |
| Minority Interest | $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 | $18.3M | $26.18M | $44.99M | $51.8M | $68.12M | $20.65M | $23.6M | $28.81M | $36.65M | $19.9M | $16.57M | $23.14M | $29.62M | $19.62M | $33.78M | $30.37M | $72.53M | $68.53M | $57.46M | $23.41M | $16.99M |
| Supplementary Data | |||||||||||||||||||||
| Total Debt | $770K | $806K | $1.22M | $1.65M | $2.17M | $3.21M | $2.32M | $6.29M | $2.05M | $2.11M | $2.94M | $2.12M | $2.25M | $19.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Debt | -$3.39M | -$4.7M | -$7.26M | -$23.98M | -$34.06M | -$1.98M | $586K | $4.28M | -$751K | -$6.95M | $2.57M | $1.36M | -$3.27M | $18.93M | -$133K | -$91K | -$5.14M | -$15.83M | -$32.72M | -$8.02M | -$3.48M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 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 |
| Operating Activities | |||||||||||||||||||||
| Net Income | -$9.23M | -$20.5M | -$9.13M | -$13.54M | -$16.39M | -$17.57M | -$18.05M | -$14.87M | -$10.55M | -$20.9M | -$17.86M | -$18.98M | -$27.45M | -$13.79M | -$15.41M | -$49.26M | -$1.59M | $7.71M | -$6.21M | -$11.37M | -$3.45M |
| Depreciation & Amortization | $1.26M | $1.58M | $1.64M | $1.92M | $1.58M | $1.93M | $3.25M | $2.95M | $4.4M | $5.56M | $4.83M | $3.87M | $2.37M | $2.06M | $3.02M | $3.37M | $2.7M | $1.02M | $111K | $102K | $58K |
| Deferred Income Tax | -$108K | -$145K | -$218K | -$215K | $7.8M | $6.07M | -$606K | -$1.72M | -$13.39M | -$1.98M | $472K | $630K | $1.13M | $286K | $0 | $0 | $0 | $0 | $12K | -$7.39M | -$1.65M |
| Stock-Based Compensation | $0 | $996K | $1.94M | $1.56M | $3.86M | $715K | $2.07M | $3.73M | $2.21M | $369K | $530K | $625K | $796K | $554K | $2.39M | $648K | $1.09M | $6.26M | $7.06M | $7.39M | $1.65M |
| Changes in Working Capital: | |||||||||||||||||||||
| Accounts Receivable | $2.93M | $2.05M | -$2.67M | $3.2M | -$3.61M | $1.54M | -$867K | $1.81M | -$1.07M | -$683K | -$336K | -$185K | -$804K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $1.37M | -$522K | -$2.19M | -$3.73M | -$3.19M | -$2.45M | $841K | $775K | $2.02M | $1.04M | $354K | -$1.68M | -$2.62M | $0 | $528K | $812K | $3.79M | -$3M | -$2.13M | $0 | $0 |
| Accounts Payable | -$45K | -$810K | $559K | -$347K | -$2.39M | -$2.75M | -$623K | -$3.37M | $3M | $139K | $328K | -$973K | $1.19M | -$32K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$47K | $2.05M | -$276K | -$754K | $1.69M | -$2.23M | $318K | -$777K | $3.35M | $620K | $1.19M | $2.29M | $2.19M | $3.75M | -$2.28M | $38.43M | -$11.82M | -$8.23M | $595K | $0 | $0 |
| Total Working Capital Change | $4.21M | $2.77M | -$4.57M | -$1.64M | -$7.5M | -$5.89M | -$331K | -$1.56M | $7.28M | $1.12M | $1.53M | -$544K | -$54K | $3.72M | -$1.75M | $39.24M | -$8.03M | -$11.22M | -$1.54M | $696K | -$77K |
| Other Non-Cash Items | $1.91M | $8.46M | $587K | $2.68M | $1.04M | $393K | $5.31M | $5.09M | $5.56M | $7.75M | $2.8M | -$223K | $8.82M | $1.6M | -$1K | -$1.03M | -$104K | -$6.26M | -$7.06M | $7.39M | $1.65M |
| Net Cash from Operating | -$1.96M | -$6.84M | -$9.75M | -$9.23M | -$9.6M | -$14.35M | -$8.36M | -$6.38M | -$4.49M | -$8.08M | -$7.69M | -$14.62M | -$14.39M | -$5.56M | -$11.75M | -$7.04M | -$5.93M | -$2.49M | -$7.62M | -$3.18M | -$1.82M |
| Investing Activities | |||||||||||||||||||||
| Capital Expenditures | -$119K | -$519K | -$698K | -$466K | -$201K | -$258K | -$401K | -$69K | -$374K | -$12K | -$2.23M | -$1.91M | -$2.9M | -$5.01M | -$6.94M | -$3.75M | -$11.12M | -$15.96M | -$7.03M | -$1.99M | -$1.29M |
| Acquisitions | $0 | $0 | -$269K | $0 | -$17.35M | $0 | $0 | $250K | -$6.5M | -$23K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $49K | -$15.47M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $5.95M | $9.74M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $1M | -$998K | $0 | $0 | $0 | $0 | -$24K | $250K | -$6.87M | -$35K | -$2.19M | -$1.77M | -$2.6M | -$4.49M | $1K | $28K | $239K | $536K | $1.26M | $112K | -$85K |
| Net Cash from Investing | $881K | $4.48M | -$6.7M | -$466K | -$17.55M | -$258K | -$425K | $181K | -$6.87M | -$35K | -$2.23M | -$1.91M | -$2.9M | -$5.01M | -$6.94M | -$3.72M | -$10.88M | -$15.42M | -$5.78M | -$1.87M | -$1.38M |
| Financing Activities | |||||||||||||||||||||
| Debt Repaid | - | $454K | $607K | $765K | - | -$641K | - | -$5.87M | $2.88M | $274K | -$612K | $123K | -$5.2M | -$10.31M | -$3.38M | - | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $20K | $62.91M | $18.55M | $15.98M | $0 | $6.7M | $19.54M | $4.98M | $11.22M | $17.34M | $400K | $0 | $1.5M | $5.12M | $1.02M | $79K | $9.59M | $5.63M |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$12K | -$10K | $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 | $0 | $0 | -$193K | -$3.58M | $0 | -$7.46M | -$433K | $1.22M | -$2.47M | $1.96M | $0 | $17.34M | $2K | $461K | $4.21M | $1M | $0 | $38.02M | $0 | $0 |
| Net Cash from Financing | -$351K | -$454K | -$607K | -$958K | $58.31M | $18M | $8.52M | $5.43M | $5.04M | $16.8M | $9.53M | $11.77M | $22.54M | $10.71M | $18.73M | $5.71M | $6.12M | $1.02M | $38.1M | $9.59M | $5.63M |
| Forex Effect | $89K | -$167K | -$90K | $46K | -$123K | $67K | -$7K | -$31K | $63K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$1.34M | -$2.98M | -$17.14M | -$10.6M | $31.04M | $3.45M | -$268K | -$794K | -$6.25M | $8.69M | -$390K | -$4.76M | $5.25M | $138K | $42K | -$5.05M | -$10.69M | -$16.89M | $24.7M | $4.54M | $2.43M |
| Supplementary Data | |||||||||||||||||||||
| Operating Cash Flow | -$1.96M | -$6.84M | -$9.75M | -$9.23M | -$9.6M | -$14.35M | -$8.36M | -$6.38M | -$4.49M | -$8.08M | -$7.69M | -$14.62M | -$14.39M | -$5.56M | -$11.75M | -$7.04M | -$5.93M | -$2.49M | -$7.62M | -$3.18M | -$1.82M |
| Capital Expenditure | -$119K | -$519K | -$698K | -$466K | -$201K | -$258K | -$401K | -$69K | -$374K | -$12K | -$2.23M | -$1.91M | -$2.9M | -$5.01M | -$6.94M | -$3.75M | -$11.12M | -$15.96M | -$7.03M | -$1.99M | -$1.29M |
| Free Cash Flow | -$2.08M | -$6.84M | -$10.45M | -$9.69M | -$9.8M | -$14.61M | -$8.76M | -$6.45M | -$4.86M | -$8.09M | -$9.92M | -$16.52M | -$17.29M | -$10.57M | -$18.69M | -$10.79M | -$17.05M | -$18.45M | -$14.66M | -$5.17M | -$3.11M |
| Cash at Beginning | $5.5M | $8.48M | $25.63M | $36.23M | $5.19M | $1.74M | $2M | $2.8M | $9.05M | $368K | $758K | $5.52M | $271K | $133K | $91K | $5.14M | $15.83M | $32.72M | $8.02M | $3.48M | $1.05M |
| Cash at End | $4.16M | $5.5M | $8.48M | $25.63M | $36.23M | $5.19M | $1.74M | $2M | $2.8M | $9.05M | $368K | $758K | $5.52M | $271K | $133K | $91K | $5.14M | $15.83M | $32.72M | $8.02M | $3.48M |