Vaxart, Inc. (VXRT)
Vaxart, Inc. operates as a biotechnology firm currently in the clinical development phase, concentrating its efforts on identifying and advancing novel oral recombinant protein vaccines. The company leverages its unique proprietary platform for delivering these oral vaccine solutions. Its diverse pipeline showcases several promising candidates: An oral tablet vaccine targeting norovirus, which is presently undergoing Phase Ib clinical assessment for both GI.1 and GII.4 strains. A seasonal influenza vaccine, now in Phase II clinical studies, designed to address H1 influenza infections. A vaccine candidate against respiratory syncytial virus (RSV). A coronavirus vaccine, also advancing through Phase II clinical trials for SARS-CoV-2. Beyond infectious diseases, Vaxart is also engaged in formulating therapeutic vaccines aimed at treating cervical cancer and dysplasia associated with human papillomavirus. The company's main operations are situated in South San Francisco, California.
Sector: Biological Products, (No Diagnostic Substances)
Industry: Biotechnology
Vaxart, Inc.
OTC:VXRTHealthcare · Biotechnology
-1.22%$0.4050
Mkt Cap$98.35M
Float235.34M
O/S242.84M
Inst Own0.0%
SI1.0%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$237.26M
Net Income$16.33M
Total Assets$186.08M
Free Cash Flow$7.57M
Debt & Equity
Debt 9%
Equity 91%
Total Debt$8.98M
Total Equity$87.8M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in VXRT's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$186.08M
Liabilities$98.28M
Accounts Receivable$51.34M
Accounts Payable$21.5M
Inventory$0
PP&E (Net)$16.86M
Goodwill$4.51M
Intangible Assets$2.83M
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 | FY 1993 | FY 1992 | FY 1991 | FY 1990 | FY 1989 | FY 1988 | FY 1987 | FY 1986 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 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 | 2017-06-30 | 2016-06-30 | 2015-06-30 | 2014-06-30 | 2013-06-30 | 2011-12-31 | 2010-12-25 | 2009-12-26 | 2008-12-27 | 2007-12-29 | 2006-12-30 | 2005-12-31 | 2004-12-25 | 2003-12-27 | 2002-12-28 | 2001-12-29 | 2000-12-30 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 | 1995-12-31 | 1994-12-31 | 1993-12-31 | 1992-12-31 | 1991-12-31 | 1990-12-31 | 1989-12-31 | 1988-12-31 | 1987-12-31 | 1986-12-31 |
| Revenue | $237.26M | $28.7M | $7.38M | $107K | $892K | $4.05M | $9.86M | $4.16M | $5.84M | $8.9M | $9.3M | $24.6M | $68.7M | $33.6M | $14.84M | $35.01M | $10.49M | $0 | $0 | $89.87M | $108.06M | $142.18M | $176.57M | $195.97M | $234.83M | $228.78M | $233.6M | $243.1M | $228.7M | $239.9M | $202M | $164.7M | $101.6M | $82.4M | $68.2M | $72.8M | $59.2M | $47.3M | $43.1M | $43.7M |
| YoY Growth | 726.7% | 288.9% | 6796.3% | -88.0% | -78.0% | -59.0% | 137.1% | -28.8% | -34.4% | -4.3% | -62.2% | -64.2% | 104.5% | 126.4% | -57.6% | 233.7% | - | - | - | -16.8% | -24.0% | -19.5% | -9.9% | -16.5% | 2.6% | -2.1% | -3.9% | 6.3% | -4.7% | 18.8% | 22.6% | 62.1% | 23.3% | 20.8% | -6.3% | 23.0% | 25.2% | 9.7% | -1.4% | - |
| Cost of Revenue | $0 | $0 | $4.5M | $0 | $48.75M | $19.86M | $0 | $17.27M | $12.36M | $17.63M | $100K | $3.6M | $51.1M | $19.7M | $1.46M | $3.95M | $1.99M | $0 | $0 | $62.71M | $67.22M | $88.07M | $81.35M | $119.94M | $152.61M | $152.75M | $155.2M | $166.9M | $173.8M | $174M | $148.1M | $130.7M | $78.8M | $68.4M | $57.9M | $61.6M | $50.8M | $41.6M | $38M | $37.4M |
| Gross Profit | $237.26M | $28.7M | $2.88M | $107K | -$47.86M | -$15.82M | $9.86M | -$13.12M | -$6.52M | -$8.73M | $9.2M | $21M | $17.6M | $13.9M | $13.38M | $31.05M | $8.5M | $0 | $0 | $27.16M | $40.84M | $54.12M | $95.22M | $76.03M | $82.22M | $76.03M | $78.4M | $76.2M | $54.9M | $65.9M | $53.9M | $34M | $22.8M | $14M | $10.3M | $11.2M | $8.4M | $5.7M | $5.1M | $6.3M |
| Gross Margin | 100.0% | 100.0% | 39.0% | 100.0% | -5365.1% | -390.9% | 100.0% | -315.4% | -111.6% | -98.1% | 98.9% | 85.4% | 25.6% | 41.4% | 90.1% | 88.7% | 81.0% | - | - | 30.2% | 37.8% | 38.1% | 53.9% | 38.8% | 35.0% | 33.2% | 33.6% | 31.3% | 24.0% | 27.5% | 26.7% | 20.6% | 22.4% | 17.0% | 15.1% | 15.4% | 14.2% | 12.1% | 11.8% | 14.4% |
| Research and Development | $201.58M | $74.21M | $68.14M | $81.05M | $48.75M | $19.86M | $14.54M | $17.27M | $12.36M | $28.3M | $26.3M | $19.8M | $17.5M | $15.5M | $17.77M | $26.08M | $16.49M | $12.56M | $18.84M | $28.75M | $57.79M | $59.55M | $29.04M | $21.1M | $15.33M | $14.27M | $15.5M | $21.8M | $19.1M | $16.7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $17.61M | $20.78M | $22.58M | $29.39M | $21.89M | $15.2M | $6.19M | $6.68M | $2.6M | $5.7M | $5.6M | $6.6M | $6.9M | $13.6M | $5.37M | $6.17M | $9.99M | $12.41M | $26.09M | $32.58M | $37.04M | $46.19M | $62.25M | $38.38M | $52.59M | $48.34M | $47M | $44.3M | $31.6M | $30.1M | $56.5M | $12.2M | $11.3M | $9M | $5.8M | $6.6M | $5.5M | $3.6M | $3.2M | $3.7M |
| Other | $0 | $0 | -$4.5M | $4.25M | -$45.74M | -$20.71M | $4.92M | $0 | $0 | $200K | $100K | $300K | $200K | $1.3M | $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 Operating Expenses | $219.18M | $94.99M | $86.23M | $114.69M | $24.89M | $14.35M | $25.65M | $23.96M | $83K | $36.3M | $34.3M | $29.2M | $27.7M | $33.5M | $23.14M | $32.25M | $26.48M | $24.97M | $44.93M | $61.32M | $122.64M | $106.16M | $89.73M | $60.24M | -$34.8M | $72.45M | $72.6M | $77.6M | $60.6M | $54.7M | $63.5M | $16.6M | $14.3M | $12.1M | $7M | $7.9M | $6.7M | $4.3M | $3.8M | $4.4M |
| Operating Income (EBIT) | $18.07M | -$66.29M | -$83.35M | -$114.59M | -$72.75M | -$30.17M | -$15.79M | -$21.76M | -$9.12M | -$27.5M | -$25.2M | -$19.5M | -$11.5M | -$22.1M | -$9.76M | -$1.2M | -$17.98M | -$24.97M | -$44.93M | -$61.32M | -$122.64M | -$52.05M | -$12.9M | $3.67M | $117.01M | $3.58M | $5.8M | -$1.4M | -$5.7M | $11.2M | -$9.6M | $17.4M | $8.5M | $1.9M | $3.3M | $3.3M | $1.7M | $1.4M | $1.3M | $1.9M |
| Operating Margin | 7.6% | -231.0% | -1129.5% | -107090.7% | -8156.1% | -745.7% | -160.1% | -523.1% | -156.1% | -309.0% | -271.0% | -79.3% | -16.7% | -65.8% | -65.8% | -3.4% | -171.4% | - | - | -68.2% | -113.5% | -36.6% | -7.3% | 1.9% | 49.8% | 1.6% | 2.5% | -0.6% | -2.5% | 4.7% | -4.8% | 10.6% | 8.4% | 2.3% | 4.8% | 4.5% | 2.9% | 3.0% | 3.0% | 4.3% |
| Interest Expense | $2.82M | $2.97M | $1.45M | $1.3M | $1.48M | $1.87M | $2.39M | $2.68M | $0 | $1.8M | $300K | $0 | $0 | $0 | $0 | $210K | $1.07M | $3.9M | $3.45M | $3.72M | $3.1M | $2.2M | $1.35M | $2.13M | $2.13M | $3.58M | $0 | $5.7M | $0 | $4M | $1.9M | $3M | $3.1M | $2.5M | $600K | $900K | $1.1M | $500K | $0 | $500K |
| Interest Income | $1.6M | $2.54M | $2.65M | $1.25M | $81K | $75K | $149K | $58K | $2.98M | $0 | $0 | $0 | $200K | $1.3M | $194K | $230K | $368K | $4.58M | $6.03M | $4.15M | $4.09M | $1.63M | $614K | $1.29M | $1.2M | $33K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$1.27M | -$395K | $1.14M | $6.9M | $2.39M | -$1.81M | -$2.37M | $3.86M | -$467K | -$1.7M | -$200K | $300K | $200K | $13.3M | -$2.02M | $311K | -$751K | -$777K | $6.15M | $7.45M | -$31.29M | $870K | -$532K | -$1M | -$952K | $525K | $1.8M | -$14.7M | -$10.2M | -$3.2M | -$1.3M | -$3M | -$3.1M | -$1.9M | -$300K | -$300K | -$300K | -$1M | -$300K | -$200K |
| Income Before Tax (EBT) | $16.8M | -$66.69M | -$82.2M | -$107.69M | -$70.36M | -$31.98M | -$18.16M | -$17.9M | -$9.58M | -$29.1M | -$25.4M | -$19.2M | -$11.3M | -$8.8M | -$9.53M | -$887K | -$18.73M | -$25.75M | -$38.78M | -$60.71M | -$121.48M | -$51.17M | -$13.44M | $2.67M | $116.06M | $4.11M | $7.6M | -$16.1M | -$15.9M | $8M | -$10.9M | $14.4M | $5.4M | $0 | $3M | $3M | $1.4M | $400K | $1M | $1.7M |
| Income Tax Expense | $476K | $260K | $261K | $67K | $107K | $238K | $490K | $109K | $0 | $300K | $0 | -$100K | -$300K | $100K | -$2.02M | -$1.76M | $0 | -$2.77M | -$14.27M | -$753K | -$2.92M | $4.73M | -$6.61M | $615K | $11.38M | $87K | $2.5M | $20.4M | -$4.7M | -$6.2M | $6.7M | $5.8M | $2M | $2.5M | $800K | $800K | $600K | $200K | $500K | $900K |
| Net Income | $16.33M | -$66.95M | -$82.47M | -$107.76M | -$70.47M | -$32.22M | -$18.64M | -$18.01M | -$12.46M | -$29.4M | -$25.4M | -$19.1M | -$11M | -$8.9M | -$4.53M | $878K | -$18.73M | -$18.74M | $47.07M | -$58.7M | -$128.45M | -$50.39M | -$6.83M | $2.06M | $104.68M | $4.36M | $3.3M | -$21.8M | -$11.2M | $13.3M | -$17.6M | $7.9M | $3.5M | -$600K | $2.2M | $2.2M | $800K | $200K | $500K | $800K |
| Net Income Margin | 6.9% | -233.3% | -1117.6% | -100708.4% | -7900.2% | -796.3% | -189.1% | -433.0% | -213.4% | -330.3% | -273.1% | -77.6% | -16.0% | -26.5% | -30.5% | 2.5% | -178.5% | - | - | -65.3% | -118.9% | -35.4% | -3.9% | 1.0% | 44.6% | 1.9% | 1.4% | -9.0% | -4.9% | 5.5% | -8.7% | 4.8% | 3.4% | -0.7% | 3.2% | 3.0% | 1.4% | 0.4% | 1.2% | 1.8% |
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| EPS | 0.07 | -0.14 | -0.17 | -0.22 | -0.14 | -0.07 | -0.09 | -0.29 | -0.33 | -0.84 | -0.72 | -0.59 | -0.39 | -0.35 | -0.71 | 0.13 | -2.44 | -2.38 | 5.15 | -6.36 | -14.16 | -5.68 | -0.92 | 0.26 | 18.22 | 0.79 | 0.66 | -4.12 | -2.11 | 2.51 | -3.46 | 3.04 | 1.68 | -0.26 | 0.92 | 0.92 | 0.40 | 0.13 | 0.20 | 0.40 |
| Diluted EPS | 0.07 | -0.14 | -0.17 | -0.22 | -0.14 | -0.07 | -0.09 | -0.29 | -0.28 | -0.84 | -0.72 | -0.59 | -0.39 | -0.35 | -0.71 | 0.13 | -2.44 | -2.38 | 5.15 | -6.36 | -14.16 | -5.67 | -0.92 | 0.26 | 15.58 | 0.79 | 0.59 | -4.12 | -2.11 | 2.44 | -3.46 | 3.04 | 1.68 | -0.26 | 0.92 | 0.92 | 0.40 | 0.13 | 0.20 | 0.40 |
| Weighted Average OS | 230.27M | 487.26M | 487.26M | 487.26M | 487.26M | 487.26M | 215.70M | 63.16M | 37.84M | 35.13M | 35.12M | 32.15M | 28.50M | 25.65M | 6.41M | 6.71M | 7.67M | 7.86M | 9.14M | 9.23M | 9.07M | 8.88M | 7.39M | 5.85M | 5.75M | 5.55M | 5.29M | 5.29M | 5.30M | 5.30M | 5.09M | 2.67M | 2.08M | 2.27M | 2.38M | 2.38M | 2.02M | 2.20M | 2.53M | 2.02M |
| EBITDA | $28.2M | -$54.87M | -$72.13M | -$100.58M | -$64.67M | -$27.4M | -$12.17M | -$12.02M | -$8.73M | -$27.2M | -$25M | -$18.1M | -$8.9M | -$16.6M | -$7.51M | -$301K | -$17.15M | -$21.27M | -$33.6M | -$53.71M | -$107.28M | -$33.87M | $19.72M | $25.86M | $126.5M | $13.42M | $15.9M | $10.1M | $4.2M | $19.1M | -$2.6M | $21.8M | $11.5M | $5M | $4.5M | $4.6M | $2.9M | $2.1M | $1.9M | $2.6M |
| EBITDA Margin | 11.9% | -191.2% | -977.5% | -94000.9% | -7250.6% | -677.2% | -123.4% | -288.9% | -149.6% | -305.6% | -268.8% | -73.6% | -13.0% | -49.4% | -50.6% | -0.9% | -163.5% | - | - | -59.8% | -99.3% | -23.8% | 11.2% | 13.2% | 53.9% | 5.9% | 6.8% | 4.2% | 1.8% | 8.0% | -1.3% | 13.2% | 11.3% | 6.1% | 6.6% | 6.3% | 4.9% | 4.4% | 4.4% | 5.9% |
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 | FY 1993 | FY 1992 | FY 1991 | FY 1990 | FY 1989 | FY 1988 | FY 1987 | FY 1986 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 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 | 2017-06-30 | 2016-06-30 | 2015-06-30 | 2014-06-30 | 2013-06-30 | 2011-12-31 | 2010-12-25 | 2009-12-26 | 2008-12-27 | 2007-12-29 | 2006-12-30 | 2005-12-31 | 2004-12-25 | 2003-12-27 | 2002-12-28 | 2001-12-29 | 2000-12-30 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 | 1995-12-31 | 1994-12-31 | 1993-12-31 | 1992-12-31 | 1991-12-31 | 1990-12-31 | 1989-12-31 | 1988-12-31 | 1987-12-31 | 1986-12-31 |
| Assets | ||||||||||||||||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $53.81M | $25.23M | $34.76M | $44.01M | $143.75M | $126.87M | $13.53M | $11.46M | $1.57M | $17.7M | $49.7M | $44.7M | $81.7M | $66.8M | $94.31M | $53.56M | $59.51M | $106.44M | $217.61M | $86.23M | $101.76M | $94.76M | $115.76M | $51.74M | $131.19M | $1.55M | $806K | $1M | $3.4M | $18.5M | $4M | $2M | $800K | $1M | $300K | $600K | $600K | $300K | $200K | $400K |
| Short-Term Investments | $9.99M | $26.49M | $4.96M | $49.7M | $22.74M | $0 | $0 | $0 | $1.42M | $20.9M | $19.3M | $12.9M | $0 | $0 | $2.08M | $54.6M | $59.49M | $23.9M | $1.6M | $32.5M | $5.17M | $8.35M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $63.81M | $51.72M | $39.71M | $93.72M | $166.49M | $126.87M | $13.53M | $11.46M | $2.99M | $38.6M | $69M | $57.6M | $81.7M | $66.8M | $96.39M | $108.17M | $119M | $130.34M | $219.21M | $118.73M | $106.93M | $103.11M | $115.76M | $51.74M | $131.19M | $1.55M | $806K | $1M | $3.4M | $18.5M | $4M | $2M | $800K | $1M | $300K | $600K | $600K | $300K | $200K | $400K |
| Accounts Receivable | $51.34M | $11.97M | $3.01M | $20K | $71K | $334K | $3.62M | $1.8M | $630K | $600K | $700K | $12.6M | $18.7M | $11M | $995K | $1.03M | $9.12M | $0 | $2.37M | $20.38M | $19.68M | $32.41M | $37.06M | $36.33M | $36.04M | $38.31M | $34.02M | $40M | $36.1M | $38.1M | $28.2M | $22.9M | $13M | $7.9M | $8M | $5.3M | $4.8M | $2.8M | $3.5M | $3.1M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $19.26M | $20.5M | $20.18M | $23.48M | $19.39M | $18.14M | $32.6M | $35.93M | $38.2M | $43.4M | $28.4M | $22.6M | $20.7M | $10.8M | $9.6M | $8.4M | $8.3M | $7M | $5.9M | $5.3M | $5.3M |
| Other Current Assets | $667K | $318K | $333K | $2M | $0 | $1.33M | $0 | $1.34M | $0 | $0 | $2.7M | $600K | $0 | $0 | $0 | $0 | $0 | $10.41M | $2.25M | $14.15M | $82.04M | $672K | -$4.62M | $0 | $0 | $5.41M | $8.15M | $6.3M | $16.1M | $13.1M | $2.4M | $2.5M | $1.9M | $2.4M | $3.4M | $2.1M | $3.7M | $900K | $200K | $400K |
| Total Current Assets | $136.12M | $68.26M | $45.54M | $99.45M | $169.17M | $128.53M | $17.6M | $14.64M | $3.75M | $39.9M | $72.4M | $70.8M | $101.1M | $80M | $97.88M | $110.03M | $129.69M | $142.18M | $226.19M | $175.16M | $232.6M | $162.59M | $186.59M | $113.05M | $193.06M | $77.88M | $78.91M | $85.5M | $99M | $98.1M | $57.2M | $48.1M | $26.5M | $20.9M | $20.1M | $16.3M | $16.1M | $9.9M | $9.2M | $9.2M |
| Long-Term Assets | ||||||||||||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $16.86M | $29.11M | $36.57M | $41.3M | $19.77M | $8.32M | $2.2M | $1.07M | $730K | $200K | $300K | $200K | $2M | $4.3M | $84K | $597K | $855K | $1.31M | $1.97M | $88.33M | $93.86M | $115.41M | $101.83M | $103.71M | $107.87M | $120.19M | $109.1M | $99M | $89.2M | $60.6M | $42.7M | $14.2M | $6.6M | $6.1M | $4.9M | $4.4M | $4M | $3.5M | $2.9M | $2.8M |
| Goodwill | $4.51M | $4.51M | $4.51M | $4.51M | $4.51M | $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 | $0 | $0 | $0 |
| Intangible Assets | $2.83M | $3.56M | $4.29M | $5.02M | $10.62M | $15.36M | $17.09M | $19.41M | $40K | $44K | $48K | $0 | $0 | $600K | $0 | $0 | $0 | $0 | $0 | $1.68M | $1.96M | $89.73M | $94.99M | $13.05M | $6.86M | $19.6M | $19.2M | $23.2M | $25.2M | $27.8M | $29.9M | $27.3M | $17.3M | $18.5M | $0 | $0 | $0 | $600K | $700K | $800K |
| Long-Term Investments | $0 | $0 | $0 | $0 | $16.21M | $0 | $0 | $0 | $0 | $0 | $0 | $7.9M | $10M | $0 | $0 | $2.5M | $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 | $500K | $900K | $1.5M | $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 Long-Term Assets | $25.76M | $60.95M | $926K | $3.57M | $890K | $372K | $141K | $103K | $0 | -$44K | -$48K | $0 | $0 | -$600K | $0 | $748K | $769K | $729K | $10.41M | $701K | $914K | $449K | $3.89M | $3.01M | $2.52M | $6.82M | $7.39M | $10.6M | $12.5M | $15.6M | $8.2M | $4.2M | $2.5M | $2M | $1.6M | $3M | $4.3M | $6.9M | $800K | $600K |
| Total Long-Term Assets | $49.96M | $98.13M | $46.29M | $54.4M | $52M | $24.05M | $19.43M | $20.58M | $770K | $200K | $300K | $8.6M | $12.9M | $5.8M | $84K | $3.85M | $1.62M | $2.04M | $12.38M | $90.71M | $96.73M | $205.58M | $200.72M | $119.77M | $117.25M | $146.61M | $135.69M | $132.8M | $126.9M | $104M | $80.8M | $45.7M | $26.4M | $26.6M | $6.5M | $7.4M | $8.3M | $11M | $4.4M | $4.2M |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $186.08M | $166.39M | $91.83M | $153.85M | $221.17M | $152.58M | $37.03M | $35.23M | $4.52M | $40.1M | $72.7M | $79.4M | $114M | $85.8M | $97.97M | $113.87M | $131.32M | $144.22M | $238.57M | $265.88M | $329.34M | $368.17M | $387.3M | $232.82M | $310.31M | $224.49M | $214.6M | $218.3M | $225.9M | $202.1M | $138M | $93.8M | $52.9M | $47.5M | $26.6M | $23.7M | $24.4M | $20.9M | $13.6M | $13.4M |
| Liabilities | ||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | $21.5M | $6.96M | $1.58M | $5.51M | $3.87M | $2.13M | $852K | $962K | $1.39M | $1.4M | $3.9M | $1.9M | $2.8M | $2.4M | $146K | $552K | $1.74M | $1.23M | $3.65M | $8M | $12.38M | $21.94M | $10.87M | $21.65M | $20.65M | $15.92M | $16.02M | $15M | $11.4M | $9.8M | $9.4M | $6.6M | $4.7M | $4.3M | $2.7M | $2.7M | $5.5M | $0 | $0 | $0 |
| Short-Term Debt | $0 | $4.06M | $3.8M | $95K | $836K | $4.83M | $0 | $1.67M | $1.53M | $200K | $400K | $200K | $0 | $0 | $0 | $0 | $5.95M | $0 | $0 | $291K | $223K | $10.17M | $4.23M | $0 | $0 | $1M | $704K | $100K | $6.3M | $2.2M | $17.2M | $5.5M | $3M | $2.3M | $2.7M | $6.7M | $2.4M | $800K | $1.1M | $2.1M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $500K | $0 | $400K | $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 | $13.02M | $0 | $0 | $0 | $0 | $0 | $4.57M | $1.52M | $0 | $2.9M | $3.6M | $5.9M | $0 | $300K | $2.53M | $7.8M | $18.45M | $0 | $0 | $16.09M | $17.48M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $5.63M | $65.4M | $0 | $2M | $1 | $3.18M | $2.01M | $3.78M | $88K | $3.9M | $4.3M | $3.7M | $900K | $1.5M | $1.66M | $2.21M | $2.82M | $4.64M | $13.43M | $28.8M | $16.97M | $0 | $0 | $0 | $0 | $21.36M | $26.18M | $30.7M | $17.3M | $22.5M | $15.9M | $10.4M | $6.2M | $4.6M | $1.7M | $1.4M | $1.6M | $4.2M | $4.3M | $4.1M |
| Total Current Liabilities | $86.75M | $90.88M | $13.72M | $17.92M | $10.78M | $11.76M | $9.17M | $7.47M | $4.52M | $5.9M | $9.2M | $9M | $26.9M | $17.6M | $6.25M | $17.93M | $33.91M | $7.64M | $20.3M | $44.94M | $47.04M | $64.41M | $39.06M | $38.55M | $44.41M | $38.28M | $42.91M | $45.8M | $35M | $34.5M | $42.5M | $22.5M | $13.9M | $11.2M | $7.1M | $10.8M | $9.5M | $5M | $5.4M | $6.2M |
| Long-Term Liabilities | ||||||||||||||||||||||||||||||||||||||||
| Long-Term Debt | $0 | $1.7M | $2.62M | $5.62M | $10.69M | $12.15M | $0 | $1.94M | $38.72M | $100K | $300K | $800K | $0 | $0 | $0 | $0 | $0 | $15.2M | $71.74M | $109.31M | $119.85M | $13.67M | $23.17M | $0 | $78.5M | $108.53M | $112.3M | $118M | $114.8M | $81.3M | $25.7M | $19.5M | $15.1M | $16.4M | $4M | $600K | $4.2M | $7.4M | $0 | $900K |
| Long-Term Unearned Revenue | $2.02M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $32.84M | $35.37M | $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 Deferred Tax 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 | $0 | $5.8M | $200K | $0 | $0 | $100K | $100K | $100K |
| Other Long-Term Liabilities | $3.5M | $439K | $293K | $231K | $171K | $109K | $13.43M | $14.57M | $0 | $15.4M | $17M | $100K | $200K | $200K | $0 | $0 | $0 | $0 | $0 | $238K | $378K | $5.77M | $5.76M | $5.24M | $190K | $276K | $1.19M | $300K | $400K | $200K | $400K | $0 | $5.9M | $200K | $200K | $200K | $1M | $100K | $100K | $100K |
| Total Long-Term Liabilities | $11.53M | $16.59M | $20.3M | $25.33M | $22.85M | $17.41M | $14.91M | $16.51M | $38.72M | $15.5M | $17.3M | $900K | $200K | $200K | $32.84M | $35.37M | $0 | $15.2M | $71.74M | $109.55M | $120.47M | $19.44M | $28.93M | $5.24M | $78.69M | $108.81M | $113.49M | $118.3M | $115.2M | $81.5M | $26.1M | $19.5M | $21M | $22.4M | $4.4M | $800K | $5.2M | $7.6M | $200K | $1.1M |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $98.28M | $107.46M | $34.02M | $43.25M | $33.64M | $29.18M | $24.08M | $23.99M | $43.24M | $21.4M | $26.5M | $9.9M | $27.1M | $17.8M | $39.09M | $53.3M | $33.91M | $22.84M | $92.04M | $154.49M | $167.51M | $83.85M | $67.98M | $43.79M | $123.1M | $147.09M | $156.4M | $164.1M | $150.2M | $116M | $68.6M | $42M | $34.9M | $33.6M | $11.5M | $11.6M | $14.7M | $12.6M | $5.6M | $7.3M |
| Stockholders' Equity | ||||||||||||||||||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1K | $1K | $1K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $100K | $100K | $100K | $0 | $0 | $0 |
| Common Stock | $24K | $23K | $15K | $13K | $13K | $11K | $5K | $714K | $0 | $3.9M | $3.9M | $3.9M | $3.5M | $2.8M | $6.36M | $6.32M | $6.28M | $6.24M | $6.21M | $6.15M | $6.03M | $5.94M | $5.77M | $3.9M | $3.85M | $3.78M | $3.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Retained Earnings | -$460.19M | -$476.52M | -$409.57M | -$327.11M | -$219.35M | -$148.88M | -$116.66M | -$97.99M | -$79.98M | -$163.8M | -$134.3M | -$108.9M | -$89.8M | -$78.8M | -$228.08M | -$223.55M | -$224.43M | -$205.73M | -$169.6M | -$216.67M | -$157.97M | -$29.52M | $20.87M | $27.71M | $25.65M | -$79.03M | -$83.4M | -$86.7M | -$65M | -$53.8M | -$67.1M | $12.2M | $5.4M | $1.8M | $2.4M | $200K | -$2.1M | -$3.5M | -$3.8M | -$4.7M |
| Comprehensive Income & Other | -$3K | $4K | -$1K | -$299K | -$74K | $0 | $0 | $0 | $0 | $19M | $19M | $18.9M | $26.8M | $25.3M | $0 | -$3K | -$20K | $60K | $0 | $0 | $171K | -$303K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $547.97M | $535.42M | $467.36M | $437.69M | $406.87M | $272.27M | $129.61M | $108.51M | $41.26M | $178.6M | $176.6M | $174.5M | $173.2M | $144M | $280.59M | $277.8M | $315.55M | $320.88M | $309.92M | $321.91M | $313.76M | $307.89M | $292.67M | $157.43M | $157.71M | $152.64M | $138.1M | $140.9M | $140.7M | $139.9M | $136.5M | $39.6M | $12.6M | $12.1M | $12.7M | $11.9M | $11.8M | $11.8M | $11.8M | $10.8M |
| Total Equity | $87.8M | $58.92M | $57.8M | $110.6M | $187.53M | $123.4M | $12.95M | $11.24M | -$38.72M | $18.7M | $46.2M | $69.5M | $86.9M | $68M | $58.87M | $60.57M | $97.41M | $121.38M | $146.53M | $111.39M | $161.83M | $284.32M | $319.32M | $189.03M | $187.21M | $77.39M | $58.2M | $54.2M | $75.7M | $86.1M | $69.4M | $51.8M | $18M | $13.9M | $15.1M | $12.1M | $9.7M | $8.3M | $8M | $6.1M |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $186.08M | $166.39M | $91.83M | $153.85M | $221.17M | $152.58M | $37.03M | $35.23M | $4.52M | $40.1M | $72.7M | $79.4M | $114M | $85.8M | $97.97M | $113.87M | $131.32M | $144.22M | $238.57M | $265.88M | $329.34M | $368.17M | $387.3M | $232.82M | $310.31M | $224.49M | $214.6M | $218.3M | $225.9M | $202.1M | $138M | $93.8M | $52.9M | $47.5M | $26.6M | $23.7M | $24.4M | $20.9M | $13.6M | $13.4M |
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| Total Debt | $8.98M | $23.28M | $26.51M | $27.42M | $24.53M | $22.14M | $2.31M | $3.61M | $40.25M | $300K | $700K | $1M | $0 | $0 | $0 | $0 | $5.95M | $15.2M | $71.74M | $109.6M | $109.61M | $23.84M | $27.39M | $0 | $78.5M | $109.53M | $113M | $118.1M | $121.1M | $83.5M | $42.9M | $25M | $18.1M | $18.7M | $6.7M | $7.3M | $6.6M | $8.2M | $1.1M | $3M |
| Net Debt | -$44.83M | -$1.95M | -$8.24M | -$16.59M | -$119.22M | -$104.73M | -$11.21M | -$7.84M | $38.68M | -$17.4M | -$49M | -$43.7M | -$81.7M | -$66.8M | -$94.31M | -$53.56M | -$53.56M | -$91.24M | -$145.87M | $23.38M | $7.84M | -$70.92M | -$88.36M | -$51.74M | -$52.69M | $107.98M | $112.2M | $117.1M | $117.7M | $65M | $38.9M | $23M | $17.3M | $17.7M | $6.4M | $6.7M | $6M | $7.9M | $900K | $2.6M |
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 | FY 1993 | FY 1992 | FY 1991 | FY 1990 | FY 1989 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 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 | 2017-06-30 | 2016-06-30 | 2015-06-30 | 2014-06-30 | 2013-06-30 | 2011-12-31 | 2010-12-25 | 2009-12-26 | 2008-12-27 | 2007-12-29 | 2006-12-30 | 2005-12-31 | 2004-12-25 | 2003-12-27 | 2002-12-28 | 2001-12-29 | 2000-12-30 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 | 1995-12-31 | 1994-12-31 | 1993-12-31 | 1992-12-31 | 1991-12-31 | 1990-12-31 | 1989-12-31 |
| Operating Activities | |||||||||||||||||||||||||||||||||||||
| Net Income | $16.33M | -$66.95M | -$82.47M | -$107.76M | -$70.47M | -$32.22M | -$18.64M | -$18.01M | -$9.58M | -$29.4M | -$25.4M | -$19.1M | -$11M | -$8.9M | -$7.51M | $878K | -$18.73M | -$22.98M | -$24.52M | -$59.95M | -$118.57M | -$50.39M | -$6.83M | $2.06M | $104.68M | $4.02M | $3.3M | -$21.8M | -$11.2M | $14.2M | -$17.6M | $8.6M | $3.4M | -$600K | $2.2M | $2.2M | $800K |
| Depreciation & Amortization | $8.58M | $8.85M | $8.62M | $5.8M | $4.21M | $2.71M | $3.6M | $3.2M | $380K | $100K | $100K | $1.1M | $2.4M | $3M | $237K | $376K | $502K | $574K | $1.73M | $954K | $3.43M | $18.18M | $14.24M | $10.08M | $9.49M | $9.84M | $10.1M | $11.5M | $9.9M | $7.9M | $7M | $4.4M | $3M | $3.1M | $1.2M | $1.3M | $1.2M |
| Deferred Income Tax | $0 | $0 | $0 | $4.09M | $3.09M | $0 | $1.37M | $1.72M | $0 | $0 | $0 | $200K | -$1.7M | $1.5M | $4.5M | -$613K | $10.14M | $5.42M | $0 | $0 | -$2.92M | $4.71M | -$6.21M | $486K | $4.26M | $0 | $0 | $0 | $2.5M | -$6.4M | $700K | -$200K | $100K | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $8.31M | $11.5M | $14.13M | $13.59M | $8.87M | $4.36M | $627K | $539K | $477K | $1.9M | $2M | $2.1M | $1.7M | $2.6M | $2.17M | $3.92M | $2.46M | $2.73M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||||||||||||||||
| Accounts Receivable | -$39.38M | -$2.75M | -$2.99M | $51K | $263K | $3.29M | -$1.82M | $13.5M | $960K | $100K | $11.9M | $6.2M | -$7.1M | -$4.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | -$7.11M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $400K | -$3M | $0 | $0 | $0 | $0 | $0 | -$449K | -$3.3M | -$685K | -$4.98M | -$1.42M | -$3.32M | $706K | $0 | $5.2M | -$15.1M | -$5.7M | -$1.4M | -$7.7M | -$1.1M | -$1.2M | -$100K | -$1.3M | -$1.1M |
| Accounts Payable | $14.64M | $5.27M | -$2.44M | $357K | $1.63M | $1.21M | -$62K | -$3.78M | $0 | -$3.3M | -$700K | -$15.8M | $10.6M | $2.8M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $2.17M | $742K | -$5.42M | $2M | -$4.01M | -$1.69M | $3.17M | -$7.27M | -$25K | $2M | -$2.1M | -$1.9M | $100K | -$3.1M | -$12.54M | $35.27M | $11.35M | $0 | $0 | -$6.11M | -$5.66M | $24.94M | -$3.62M | -$2.49M | $7.75M | -$4.01M | $0 | $9.8M | -$19M | -$6M | -$600K | -$7.1M | -$3.5M | $1.4M | -$3.6M | -$1.9M | $400K |
| Total Working Capital Change | -$22.56M | $3.26M | -$10.85M | -$4.7M | -$2.12M | $2.81M | $1.28M | $2.45M | $935K | -$1.2M | $9.1M | -$11.5M | $3.6M | -$4.5M | -$12.54M | $35.27M | $11.35M | -$4.23M | -$4.89M | -$6.55M | -$8.96M | $24.25M | -$8.61M | -$3.91M | $4.43M | -$3.31M | $9.5M | $15M | -$34.1M | -$11.7M | -$2M | -$14.8M | -$4.6M | $200K | -$3.7M | -$3.2M | -$700K |
| Other Non-Cash Items | -$2.94M | -$1.43M | $106K | -$5.81M | -$3.41M | -$1.4M | -$1.32M | -$4.45M | -$2.25M | -$1.4M | $100K | $17.8M | $1.7M | -$7.6M | $2.48M | -$514K | $10.63M | $5M | $938K | $21.64M | $37.3M | $11.98M | $14.95M | $2.21M | -$98.81M | -$738K | $400K | $13.5M | $7.3M | $2.2M | $18.1M | $1.5M | $1.1M | $200K | $100K | $200K | $1.5M |
| Net Cash from Operating | $7.71M | -$44.76M | -$70.45M | -$94.78M | -$59.83M | -$23.75M | -$13.09M | -$14.55M | -$10.04M | -$30M | -$14.1M | -$9.6M | -$3.3M | -$13.9M | -$15.17M | $39.93M | $6.22M | -$18.9M | -$26.74M | -$43.91M | -$89.71M | $8.74M | $7.54M | $10.92M | $24.05M | $9.81M | $23.3M | $18.2M | -$25.6M | $6.2M | $6.2M | -$500K | $3M | $2.9M | -$200K | $500K | $2.8M |
| Investing Activities | |||||||||||||||||||||||||||||||||||||
| Capital Expenditures | -$145K | -$554K | -$1.87M | -$9.6M | -$5.16M | -$1.22M | -$850K | -$707K | -$117K | -$530K | -$200K | -$100K | -$100K | -$1M | -$1K | -$154K | -$4K | -$53K | -$110K | -$223K | -$8.71M | -$22.63M | -$71.65M | -$12.16M | -$13.05M | -$18.98M | -$21M | -$18.9M | -$36.4M | -$23.1M | -$24.4M | -$6.8M | -$1.7M | -$2.2M | -$1.4M | -$1.4M | -$1.3M |
| Acquisitions | $0 | $0 | $120K | $10.81M | -$4.83M | $3K | $0 | $25.5M | $0 | $0 | $0 | $400K | $0 | $32.7M | $0 | $0 | $0 | $1.57M | $176.36M | $56.81M | $74K | $179K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$19.03M | -$54.33M | -$27.5M | -$55.01M | -$44.81M | $0 | $0 | -$573K | $0 | -$36.3M | -$15.3M | -$17.7M | -$10M | $0 | -$11.6M | -$140.29M | -$91.47M | -$23.87M | -$29.48M | -$82.33M | -$203.3M | -$83.95M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$18.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $40M | $43.5M | $73.2M | $44.2M | $5.7M | $0 | $0 | $1.99M | $0 | $34.7M | $16.8M | $6.9M | $0 | $0 | $66.62M | $142.69M | $55.83M | $1.6M | $60.38M | $55M | $206.47M | $75.6M | $0 | $0 | $0 | $0 | $0 | $0 | $8.9M | $9.7M | $0 | $0 | $0 | $0 | $1.5M | $0 | $0 |
| Other Investing Activities | -$4.2M | -$9.95M | $0 | -$10.81M | $0 | $0 | $0 | $1.42M | $3.3M | -$2.2M | -$259K | -$8.5M | $0 | $0 | $223K | -$104K | -$4K | $1.68M | $176.44M | $56.81M | -$142K | -$3.24M | $0 | $0 | $148.79M | -$1.81M | $2.5M | $0 | $0 | $0 | -$6.3M | $800K | $0 | -$6.1M | $0 | $2.7M | $200K |
| Net Cash from Investing | $16.63M | -$21.32M | $43.95M | -$20.41M | -$49.1M | -$1.22M | -$850K | $26.21M | $3.18M | -$1.6M | $1.3M | -$19.4M | -$10.1M | $31.7M | $55.25M | $2.3M | -$35.64M | -$20.64M | $207.23M | $29.26M | -$5.68M | -$34.22M | -$71.65M | -$12.16M | $135.74M | -$20.79M | -$18.5M | -$18.9M | -$27.5M | -$31.6M | -$30.7M | -$6M | -$1.7M | -$8.3M | $100K | $1.3M | -$1.1M |
| Financing Activities | |||||||||||||||||||||||||||||||||||||
| Debt Repaid | - | - | - | - | - | - | $3.8M | $1.53M | - | $400K | $300K | $100K | - | - | - | $6.05M | $10.09M | $51.63M | $34.07M | $169K | -$97.78M | $5.33M | - | $78.5M | $31.04M | $1.46M | $5M | $1.8M | -$37.6M | -$38M | -$15.3M | $1.1M | $900K | -$11.5M | -$1.8M | $600K | $1.5M |
| Common Stock Issuance | $4.44M | $56.78M | $15.03M | $17.24M | $122.21M | $111.11M | $18.35M | $13K | $0 | $0 | $0 | $0 | $26.8M | $0 | $663K | $645K | $528K | $128K | $728K | $1.56M | $108.73M | $9.82M | $128.13M | $1.2M | $1.85M | $13.19M | $100K | $100K | $400K | $1.9M | $1M | $19.5M | $200K | $7.3M | $500K | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$42.77M | -$7.94M | -$20.01M | -$16.52M | $0 | $0 | $0 | $0 | -$917K | -$977K | $0 | $0 | $0 | $0 | $0 | $0 | -$2.5M | $0 | -$12.7M | $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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$199K | -$214K | $213K | $225K | $3.59M | $27.2M | $1.41M | $13K | $24K | $0 | $18.1M | $0 | $0 | $0 | $0 | $0 | $0 | -$106K | $757K | -$2.28M | -$104.11M | $0 | $0 | $0 | $10K | $0 | -$100K | $0 | $0 | -$100K | $100K | -$8.2M | -$700K | -$100K | -$2.5M | -$1.1M | $100K |
| Net Cash from Financing | $4.24M | $56.56M | $15.24M | $17.46M | $125.8M | $138.31M | $15.96M | -$1.73M | $24K | -$400K | $17.8M | -$100K | $26.8M | $0 | $663K | -$48.18M | -$17.5M | -$71.62M | -$49.11M | -$887K | $102.39M | $4.49M | $128.13M | -$78.22M | -$30.16M | $11.73M | -$5M | -$1.7M | $38M | $39.8M | $16.4M | $7.7M | -$1.4M | $6M | -$200K | -$1.7M | -$1.4M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$7.9M | $1.5M | -$4.8M | $0 | $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 | $28.59M | -$9.53M | -$11.26M | -$97.73M | $16.88M | $113.34M | $2.02M | $9.94M | -$6.83M | -$32M | $5M | -$37M | $14.9M | $13M | $40.75M | -$5.95M | -$46.93M | -$111.17M | $131.38M | -$15.54M | $7M | -$21M | $64.02M | -$79.45M | $129.64M | $748K | -$200K | -$2.4M | -$15.1M | $14.4M | -$8.1M | $1.2M | -$200K | $600K | -$300K | $100K | $300K |
| Supplementary Data | |||||||||||||||||||||||||||||||||||||
| Operating Cash Flow | $7.71M | -$44.76M | -$70.45M | -$94.78M | -$59.83M | -$23.75M | -$13.09M | -$14.55M | -$10.04M | -$30M | -$14.1M | -$9.6M | -$3.3M | -$13.9M | -$15.17M | $39.93M | $6.22M | -$18.9M | -$26.74M | -$43.91M | -$89.71M | $8.74M | $7.54M | $10.92M | $24.05M | $9.81M | $23.3M | $18.2M | -$25.6M | $6.2M | $6.2M | -$500K | $3M | $2.9M | -$200K | $500K | $2.8M |
| Capital Expenditure | -$145K | -$554K | -$1.87M | -$9.6M | -$5.16M | -$1.22M | -$850K | -$707K | -$117K | -$530K | -$200K | -$100K | -$100K | -$1M | -$1K | -$154K | -$4K | -$53K | -$110K | -$223K | -$8.71M | -$22.63M | -$71.65M | -$12.16M | -$13.05M | -$18.98M | -$21M | -$18.9M | -$36.4M | -$23.1M | -$24.4M | -$6.8M | -$1.7M | -$2.2M | -$1.4M | -$1.4M | -$1.3M |
| Free Cash Flow | $7.57M | -$45.32M | -$72.32M | -$104.38M | -$64.99M | -$24.97M | -$13.94M | -$15.26M | -$10.16M | -$30.53M | -$14.3M | -$9.7M | -$3.4M | -$14.9M | -$15.17M | $39.78M | $6.21M | -$18.95M | -$26.85M | -$44.13M | -$98.43M | -$13.89M | -$64.11M | -$1.24M | $11M | -$9.17M | $2.3M | -$700K | -$62M | -$16.9M | -$18.2M | -$7.3M | $1.3M | $700K | -$1.6M | -$900K | $1.5M |
| Cash at Beginning | $25.23M | $34.76M | $46.01M | $143.75M | $126.87M | $13.53M | $11.51M | $1.57M | $8.4M | $49.7M | $44.7M | $81.7M | $66.8M | $53.8M | $53.56M | $59.51M | $106.44M | $217.61M | $86.23M | $101.76M | $94.76M | $115.76M | $51.74M | $131.19M | $1.55M | $806K | $1M | $3.4M | $18.5M | $4M | $12.1M | $800K | $1M | $300K | $600K | $600K | $300K |
| Cash at End | $53.81M | $25.23M | $34.76M | $46.01M | $143.75M | $126.87M | $13.53M | $11.51M | $1.57M | $17.7M | $49.7M | $44.7M | $81.7M | $66.8M | $94.31M | $53.56M | $59.51M | $106.44M | $217.61M | $86.23M | $101.76M | $94.76M | $115.76M | $51.74M | $131.19M | $1.55M | $800K | $1M | $3.4M | $18.4M | $4M | $2M | $800K | $900K | $300K | $700K | $600K |