WINDTREE THERAPEUTICS INC /DE/ (WINT)
Windtree Therapeutics, Inc. is a clinical-stage biopharmaceutical firm primarily dedicated to developing therapies for acute cardiovascular ailments, and secondarily for acute pulmonary diseases. Its prominent therapeutic programs include istaroxime, undergoing Phase IIb clinical trials for acute decompensated heart failure and Phase IIa for early cardiogenic shock; AEROSURF, an aerosolized KL4 surfactant in Phase IIb for respiratory distress syndrome in preterm infants; Lyophilized KL4 surfactant, in Phase IIa trials for lung injury stemming from COVID-19; and Rostafuroxin, in Phase IIb for genetically associated hypertension. The company maintains collaborations, including one with Universita degli Studi di Milano-Bicocca for the discovery and advancement of novel SERCA2a compounds targeting chronic and acute human heart failure. It also holds a strategic alliance with Laboratorios del Dr. Esteve, S.A. for the development, marketing, and commercialization of a portfolio of potential KL4 surfactant products, and a collaboration with Battelle Memorial Institute to further develop its ADS for its Phase III program. Established in 1992 as Discovery Laboratories, Inc., the company rebranded as Windtree Therapeutics, Inc. in April 2016. It is headquartered in Warrington, Pennsylvania, and operates as a subsidiary of Lee's Pharmaceutical Holdings Limited.
Sector: Biological Products, (No Diagnostic Substances)
Industry: Biotechnology
Windtree Therapeutics, Inc.
OTC:WINTHealthcare · Biotechnology
$0.0004
Mkt Cap$13K
Float33.67M
O/S33.71M
Inst Own-
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$0
Net Income-$5.49M
Total Assets$27.88M
Free Cash Flow-$15.41M
Debt & Equity
Debt 15%
Equity 85%
Total Debt$1.82M
Total Equity$10M
Shares Outstanding
Short Interest
Split History7 splits · 6 reverse
2-year cumulative
1:50
Nasdaq bars a compliance period at 1:250
- 1:50Reverse splitFeb 21, 202550 shares → 1
- 1:18Reverse splitApr 22, 202418 shares → 1
- 1:50Reverse splitFeb 24, 202350 shares → 1
- 1.0:1Forward splitNov 25, 20221 share → 1.0
- 1:3Reverse splitApr 29, 20203 shares → 1
- 1:20Reverse splitDec 22, 201720 shares → 1
- 1:14Reverse splitJan 22, 201614 shares → 1
Balance Sheet Details
Assets$27.88M
Liabilities$17.88M
Accounts Receivable$0
Accounts Payable$1.88M
Inventory$0
PP&E (Net)$1.16M
Goodwill$0
Intangible Assets$24.13M
Income Statement
| Period | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Period Ending | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 | 1995-12-31 |
| Revenue | $0 | $0 | $0 | $0 | $0 | $198K | $1.79M | $1.49M | $2.04M | $987K | $2.83M | $388K | $195K | $582K | $0 | $0 | $4.6M | $0 | $0 | $134K | $1.21M | $1.04M | $1.78M | $1.11M | $741K | $178K | $100K | $700K | $200K | $100K |
| YoY Growth | - | - | - | - | - | -88.9% | 20.4% | -27.3% | 106.9% | -65.2% | 630.7% | 99.0% | -66.5% | - | - | - | - | - | - | -88.9% | 16.6% | -41.8% | 60.3% | 50.1% | 316.3% | 78.0% | -85.7% | 250.0% | 100.0% | - |
| Cost of Revenue | $84K | $82K | $1.06M | $869K | $638K | $13K | $10.56M | $17.38M | $255K | $929K | $2.67M | $517K | $22K | $0 | $0 | $29.2M | $38.39M | $39.95M | $46.91M | $59.3M | $46.03M | $0 | $0 | $0 | -$123K | -$87K | -$100K | $0 | $1.1M | -$400K |
| Gross Profit | -$84K | -$82K | -$1.06M | -$869K | -$638K | $185K | -$8.77M | -$15.89M | $1.79M | $58K | $164K | -$129K | $173K | $582K | $0 | -$29.2M | -$33.79M | -$39.95M | -$46.91M | -$59.16M | -$44.82M | $1.04M | $1.78M | $1.11M | $864K | $265K | $200K | $700K | -$900K | $500K |
| Gross Margin | - | - | - | - | - | 93.6% | -490.7% | -1070.1% | 87.5% | 5.9% | 5.8% | -33.2% | 88.9% | 100.0% | - | - | -734.7% | - | - | -44150.0% | -3707.4% | 100.0% | 100.0% | 100.0% | 116.6% | 148.9% | 200.0% | 100.0% | -450.0% | 500.0% |
| Research and Development | $16.28M | $8.26M | $11.1M | $17.79M | $15.37M | $12.69M | $10.56M | $17.38M | $31.7M | $28.89M | $26.69M | $27.66M | $21.57M | $17.23M | $17.14M | $19.08M | $26.57M | $26.2M | $23.72M | $24.14M | $25.79M | $19.75M | $14.35M | $8.01M | $7.36M | $2.87M | $5.1M | $8.1M | $0 | $0 |
| Selling, General, and Administrative | $8.74M | $9.2M | $10.79M | $14.47M | $14.94M | $12.4M | $7.42M | $6.66M | $8.37M | $11M | $16.73M | $16.72M | $16.44M | $7.86M | $8.39M | $10.12M | $16.43M | $13.75M | $18.39M | $18.5M | $13.32M | $5.72M | $5.46M | $5.07M | $5.28M | $2.42M | $2.8M | $1.8M | $1.3M | $2.5M |
| Other | -$84K | $3.06M | -$1.46M | -$869K | $0 | $0 | $401K | $129K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $123K | $87K | $100K | $0 | $100K | $400K |
| Total Operating Expenses | $24.93M | $17.46M | $20.43M | $31.39M | $30.32M | $25.09M | $17.98M | $24.03M | $40.08M | $39.89M | $43.42M | $44.38M | $38.01M | $25.09M | $25.53M | $29.2M | $42.99M | $39.95M | $42.1M | $42.64M | $39.12M | $25.47M | $19.8M | $13.07M | $12.76M | $5.38M | $8M | $9.9M | $1.4M | $2.9M |
| Operating Income (EBIT) | -$25.02M | -$17.54M | -$41.33M | -$77.28M | -$30.32M | -$24.89M | -$16.2M | -$22.55M | -$38.04M | -$39.83M | -$43.26M | -$44.51M | -$37.82M | -$24.51M | -$25.53M | -$29.2M | -$38.39M | -$39.95M | -$46.91M | -$59.3M | -$46.03M | -$24.43M | -$18.02M | -$11.96M | -$11.9M | -$5.11M | -$7.8M | -$9.2M | -$2.3M | -$2.4M |
| Operating Margin | - | - | - | - | - | -12572.2% | -905.8% | -1518.4% | -1862.7% | -4035.9% | -1525.9% | -11471.1% | -19394.4% | -4211.7% | - | - | -834.7% | - | - | -44250.0% | -3807.4% | -2356.3% | -1011.4% | -1075.7% | -1605.7% | -2871.9% | -7800.0% | -1314.3% | -1150.0% | -2400.0% |
| Interest Expense | $235K | $50K | $53K | $114K | $125K | $495K | $1.41M | $1.86M | $2.52M | $4.58M | $4.6M | $1.47M | $57K | $26K | $357K | $1.08M | $1.61M | $2.09M | $1.5M | $954K | $882K | $297K | $144K | $26K | $5K | $0 | $0 | $0 | $0 | $400K |
| Interest Income | $70K | $325K | $109K | $91K | $122K | $153K | $15K | $12K | $18K | $4K | $6K | $3K | $6K | $13K | $288K | $39K | $902K | $2.03M | $2.07M | $1.34M | $711K | $452K | $724K | $842K | $1.04M | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $23.23M | -$2.75M | $758K | -$45.36M | -$2.25M | -$2.58M | -$4.34M | $4.1M | -$1.45M | -$15.34M | -$800K | -$707K | $504K | $3.55M | $5.35M | -$1.64M | -$712K | -$58K | -$4.23M | $391K | -$171K | $0 | $0 | $0 | $0 | $0 | -$7.8M | $6.2M | $300K | $100K |
| Income Before Tax (EBT) | -$1.79M | -$20.29M | -$40.58M | -$77.62M | -$32.57M | -$27.48M | -$20.53M | -$18.45M | -$39.49M | -$55.17M | -$44.06M | -$45.22M | -$37.31M | -$20.96M | -$19.18M | -$30.24M | -$39.11M | -$40.01M | -$46.33M | -$58.9M | -$46.2M | $0 | $0 | $0 | $0 | $0 | -$15.6M | $0 | -$2.1M | -$2.3M |
| Income Tax Expense | $3.69M | $0 | -$1.37M | -$9.99M | -$2.29M | $0 | $0 | $0 | $0 | $0 | -$18K | $0 | $0 | $0 | -$7.9M | $29.2M | $0 | $0 | $4.23M | $0 | $0 | -$155K | -$580K | -$816K | -$1.04M | -$154K | $0 | $9.2M | $0 | $400K |
| Net Income | -$5.49M | -$20.29M | -$39.21M | -$67.64M | -$30.28M | -$27.48M | -$20.53M | -$18.45M | -$39.49M | -$55.17M | -$44.06M | -$45.22M | -$37.31M | -$20.96M | -$19.18M | -$30.24M | -$39.11M | -$40.01M | -$46.33M | -$58.9M | -$46.2M | -$24.28M | -$17.44M | -$11.15M | -$10.86M | -$4.96M | -$15.6M | -$9.2M | -$2.3M | -$2.8M |
| Net Income Margin | - | - | - | - | - | -13876.3% | -1148.4% | -1242.2% | -1933.9% | -5589.7% | -1554.1% | -11653.4% | -19135.9% | -3602.2% | - | - | -850.1% | - | - | -43958.2% | -3821.6% | -2341.4% | -978.8% | -1002.3% | -1465.7% | -2785.4% | -15600.0% | -1314.3% | -1150.0% | -2800.0% |
| Supplementary Data | ||||||||||||||||||||||||||||||
| EPS | -104.35 | -4711.54 | -56011.00 | -122924.00 | -93616.00 | -113138.00 | -1044304.00 | -3258910.00 | -12798000.00 | -21380814.00 | -19656000.00 | -30996000.00 | -35910000.00 | -35154000.00 | -62370000.00 | -147420000.00 | -226800000.00 | -277830000.00 | -419580000.00 | -618030000.00 | -11340000.00 | -7247.76 | -6708.85 | -5573.00 | -6582.42 | -6610.67 | -52000.00 | -184000.00 | -46000.00 | -56000.00 |
| Diluted EPS | -104.35 | -4711.54 | -56011.00 | -122924.00 | -93616.00 | -113138.00 | -1044304.00 | -3258910.00 | -12815253.00 | -21380814.00 | -19656000.00 | -30996000.00 | -35910000.00 | -35154000.00 | -62370000.00 | -147420000.00 | -226800000.00 | -277830000.00 | -419580000.00 | -618030000.00 | -11340000.00 | -7247.76 | -6708.85 | -5573.00 | -6582.42 | -6610.67 | -52000.00 | -184000.00 | -46000.00 | -56000.00 |
| Weighted Average OS | 52,583 | 4,306 | 700 | 550 | 348 | 243 | 33 | 7.615 | 3.081 | 2.58 | 2.251 | 1.462 | 1.042 | 0.599 | 0.307 | 0.203 | 0.173 | 0.144 | 0.111 | 0.095 | 0.081 | 0.067 | 0.052 | 0.04 | 0.033 | 0.015 | 0.006 | 0.001 | 0.001 | 0.001 |
| EBITDA | -$1.47M | -$20.16M | -$39.99M | -$77.32M | -$32.27M | -$26.79M | -$18.96M | -$16.39M | -$36.72M | -$49.88M | -$38.64M | -$43.04M | -$36.15M | -$19.64M | -$17.27M | -$27.17M | -$35.28M | -$35.86M | -$43.78M | -$57.16M | -$44.51M | -$24.02M | -$17.74M | -$11.76M | -$11.78M | -$5.03M | -$7.7M | -$6.2M | -$2.3M | -$2M |
| EBITDA Margin | - | - | - | - | - | -13527.8% | -1060.7% | -1103.8% | -1798.1% | -5053.2% | -1363.1% | -11092.0% | -18539.5% | -3375.4% | - | - | -766.9% | - | - | -42658.2% | -3681.1% | -2316.2% | -995.4% | -1057.3% | -1589.1% | -2823.0% | -7700.0% | -885.6% | -1150.0% | -2000.0% |
Balance Sheet
| Period | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Period Ending | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 | 1995-12-31 |
| Assets | ||||||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $1.78M | $4.32M | $6.17M | $22.35M | $16.93M | $22.58M | $11.19M | $1.81M | $5.59M | $38.72M | $44.71M | $86.28M | $26.89M | $10.19M | $10.21M | $15.74M | $22.74M | $36.93M | $26.17M | $47.01M | $29.26M | $29.42M | $8.54M | $3.76M | $7.28M | $3.55M | $1.5M | $6.3M | $200K | $0 |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $13.96M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.05M | $16.08M | $0 | $3.25M | $2.74M | $0 | $10.65M | $12.94M | $11.59M | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $1.78M | $4.32M | $6.17M | $22.35M | $16.93M | $22.58M | $25.15M | $1.81M | $5.59M | $38.72M | $44.71M | $86.28M | $26.89M | $10.19M | $10.21M | $15.74M | $24.79M | $53.01M | $26.17M | $50.26M | $32.01M | $29.42M | $19.19M | $16.7M | $18.87M | $3.55M | $1.5M | $6.3M | $200K | $0 |
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$821K | $67K | -$719K | $0 | $0 | $0 | $0 | $0 | $0 | $3K | $3K | $3K | $2K | $2K | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $27K | $112K | $195K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$20K | $0 | $575K | $0 | $0 | $0 | $0 |
| Other Current Assets | $795K | $1.06M | $1.21M | $0 | $1.19M | $0 | $507K | $422K | $1.61M | $2.07M | $821K | $777K | $719K | $442K | $285K | $233K | $625K | $0 | $0 | $644K | $646K | $0 | $0 | $0 | $149K | $66K | $2.7M | $5.1M | $1.6M | $4M |
| Total Current Assets | $2.57M | $5.38M | $7.38M | $23.49M | $18.12M | $23.86M | $25.65M | $2.24M | $7.19M | $40.79M | $45.56M | $87.24M | $27.81M | $10.63M | $10.5M | $15.97M | $25.42M | $53.62M | $27.57M | $51.47M | $33.34M | $30.09M | $19.52M | $18.28M | $19.02M | $4.19M | $4.2M | $11.4M | $1.8M | $4M |
| Long-Term Assets | ||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $1.16M | $1.63M | $2.12M | $3.39M | $1.84M | $2.19M | $802K | $885K | $1.05M | $1.04M | $1.64M | $1.66M | $1.74M | $2.29M | $3.47M | $4.67M | $5.96M | $7.07M | $4.79M | $4.32M | $4.06M | $2.41M | $1.23M | $822K | $697K | $426K | $300K | $200K | $100K | $0 |
| Goodwill | $0 | $0 | $3.06M | $15.68M | $15.68M | $15.68M | $15.68M | $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 | $24.13M | $25.25M | $25.25M | $32.07M | $77.09M | $77.09M | $77.09M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $9K | $150K | $154K | $154K | $154K | $154K | $171K | $225K | $1.45M | $2.54M | $303K | $422K | $400K | $400K | $574K | $761K | $1.51M | $2.06M | $2.64M | $218K | $232K | $211K | $314K | $965K | $3K | $18K | $0 | $0 | $0 | $0 |
| Total Long-Term Assets | $25.3M | $27.03M | $30.58M | $51.3M | $94.77M | $95.11M | $93.75M | $1.11M | $2.5M | $3.58M | $1.94M | $2.08M | $2.14M | $2.69M | $4.04M | $5.43M | $7.47M | $9.13M | $6.83M | $4.54M | $4.29M | $2.63M | $1.54M | $1.79M | $700K | $444K | $400K | $300K | $100K | $0 |
| 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 |
| Total Assets | $27.88M | $32.41M | $37.95M | $74.79M | $112.89M | $118.97M | $119.4M | $3.35M | $9.7M | $44.38M | $47.5M | $89.32M | $29.94M | $13.32M | $14.54M | $21.4M | $32.89M | $62.74M | $34.4M | $56.01M | $37.64M | $32.72M | $21.06M | $20.07M | $19.72M | $4.63M | $4.6M | $11.7M | $1.9M | $4M |
| Liabilities | ||||||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||||||
| Accounts Payable | $1.88M | $809K | $249K | $693K | $1.16M | $1.71M | $3.42M | $3.05M | $1.81M | $3.26M | $350K | $1.43M | $1.17M | $1.11M | $1.69M | $1.29M | $2.11M | $758K | $1.63M | $7.54M | $7.97M | $4.21M | $3.01M | $1.75M | $2.38M | $425K | $1.1M | $600K | $100K | $100K |
| Short-Term Debt | $661K | $233K | $252K | $294K | $352K | $161K | $7.97M | $0 | $0 | $0 | $62K | $73K | $0 | $0 | $0 | $10.46M | $2.44M | $2.63M | $2.02M | $1.57M | $854K | $383K | $189K | $44K | $17K | $0 | $0 | $0 | $100K | $100K |
| Current Income Tax Payable | $261K | $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 | $198K | $884K | $0 | $0 | $43K | $139K | $4.16M | $2.97M | $3.29M | $0 | $2.87M | $0 | -$7.97M | $0 | $134M | $0 | $0 | -$1.76M | -$2.38M | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $963K | $900K | $0 | $2.19M | $2.6M | $4.5M | $5.65M | $6.82M | $10.27M | $5.03M | $5.04M | $7.2M | $9.26M | $9.01M | $5M | $1.68M | $2.92M | $4.74M | $0 | $8.5M | $0 | $2.44M | $0 | $0 | $0 | $1.05M | $0 | $0 | $100K | $100K |
| Total Current Liabilities | $5.72M | $4M | $2.46M | $4.92M | $6.13M | $7.82M | $20.63M | $11.76M | $13.39M | $11.07M | $7.83M | $11.86M | $11.7M | $11.15M | $7.58M | $15.8M | $9.87M | $10.47M | $7.97M | $17.61M | $8.82M | $7.03M | $3.2M | $1.79M | $2.4M | $1.48M | $1.1M | $600K | $300K | $300K |
| Long-Term Liabilities | ||||||||||||||||||||||||||||||
| Long-Term Debt | $0 | $15M | $0 | $0 | $2.42M | $4.61M | $15M | $15M | $25M | $25M | $20.3M | $18.42M | $148K | $224K | $0 | $428K | $10.13M | $9.63M | $10.09M | $0 | $5.93M | $0 | $0 | $0 | $31K | $48K | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | -$15M | $407K | $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 | $4.53M | $5.06M | $5.06M | $7.11M | $16.78M | $15.82M | $15.48M | -$15M | $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 | $6.98M | $3.8M | $18.8M | $18.8M | $17.8M | $15M | $175K | $100K | $138K | $43K | $169K | $469K | $295K | $465K | $634K | $262K | $870K | $870K | -$669K | $239K | $134K | $672K | $2.84M | $615K | $851K | $0 | $0 | $300K | $0 | $100K |
| Total Long-Term Liabilities | $12.16M | $25.02M | $25.48M | $27.98M | $37.2M | $36.22M | $30.65M | $15.51M | $25.14M | $25.04M | $20.47M | $18.96M | $591K | $913K | $935K | $1.12M | $12.09M | $13.49M | $12.11M | $3.56M | $7.72M | $1.38M | $3.1M | $648K | $882K | $48K | $0 | $300K | $0 | $100K |
| 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 |
| Total Liabilities | $17.88M | $29.02M | $27.94M | $32.91M | $43.33M | $44.04M | $51.28M | $27.27M | $38.53M | $36.11M | $28.3M | $30.82M | $12.29M | $12.06M | $8.51M | $16.92M | $21.96M | $23.96M | $20.08M | $21.17M | $16.54M | $8.41M | $6.3M | $2.44M | $3.28M | $1.52M | $1.1M | $900K | $300K | $400K |
| 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 | $401K | $442K | $2.48M | $2.3M | $0 | $0 | $0 |
| Common Stock | $0 | $6K | $0 | $28K | $17K | $41K | $32K | $3K | $9K | $8K | $86K | $85K | $44K | $25K | $14K | $127K | $102K | $97K | $70K | $61K | $49K | $43K | $33K | $26K | $21K | $10K | $0 | $0 | $10.9M | $0 |
| Retained Earnings | -$846.61M | -$844.82M | -$824.53M | -$785.32M | -$717.69M | -$685.12M | -$657.65M | -$637.11M | -$618.67M | -$579.18M | -$524.01M | -$479.95M | -$434.74M | -$397.42M | -$376.45M | -$357.65M | -$327.41M | -$288.3M | -$248.3M | -$201.97M | -$143.06M | -$96.86M | -$72.58M | -$55.13M | -$43.99M | -$33.09M | -$28.5M | -$12.7M | -$9M | -$6.8M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | -$0 | $0 | $0 | $0 | -$6.96M | -$8.47M | $0 | -$10.3M | -$9.6M | -$8.8M | -$7.6M | $0 | $1K | $42K | -$3.1M | -$232K | -$464K | -$2K | $82K | -$192K | -$274K | -$37K | -$100K | $0 | -$400K | $0 |
| Other Stockholders' Equity | $856.61M | $848.21M | $834.54M | $827.18M | $787.22M | $760.02M | $725.73M | $613.19M | $589.83M | $587.44M | $543.12M | $538.37M | $452.34M | $398.66M | $382.47M | $362.01M | $338.24M | $326.99M | $262.55M | $236.74M | $164.11M | $121.12M | $87.31M | $72.73M | $60.4M | $36.19M | $32M | $21.5M | -$300K | $10.4M |
| Total Equity | $10M | $3.39M | $10.01M | $41.88M | $69.55M | $74.94M | $68.11M | -$23.92M | -$28.83M | $8.27M | $19.2M | $58.5M | $17.65M | $1.26M | $6.03M | $4.49M | $10.93M | $38.78M | $14.32M | $34.84M | $21.1M | $24.3M | $14.76M | $17.62M | $16.44M | $3.11M | $3.5M | $8.8M | $1.6M | $3.6M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2M | $0 | $0 |
| Total Liabilities and Equity | $27.88M | $32.41M | $37.95M | $74.79M | $112.89M | $118.97M | $119.4M | $3.35M | $9.7M | $44.38M | $47.5M | $89.32M | $29.94M | $13.32M | $14.54M | $21.4M | $32.89M | $62.74M | $34.4M | $56.01M | $37.64M | $32.72M | $21.06M | $20.07M | $19.72M | $4.63M | $4.6M | $9.7M | $1.9M | $4M |
| Supplementary Data | ||||||||||||||||||||||||||||||
| Total Debt | $1.82M | $16.83M | $2.28M | $2.89M | $3.78M | $6.31M | $7.97M | $15M | $25M | $25M | $20.36M | $18.5M | $660K | $981K | $1.07M | $11.49M | $10.13M | $15.25M | $13.61M | $4.89M | $7.58M | $1.09M | $445K | $77K | $48K | $48K | $0 | $0 | $100K | $100K |
| Net Debt | $43K | $12.51M | -$3.89M | -$19.45M | -$13.15M | -$16.27M | -$3.21M | $13.19M | $19.41M | -$13.72M | -$24.35M | -$67.79M | -$26.23M | -$9.21M | -$9.14M | -$4.25M | -$12.62M | -$21.68M | -$12.56M | -$42.12M | -$21.68M | -$28.33M | -$8.09M | -$3.68M | -$7.23M | -$3.5M | -$1.5M | -$6.3M | -$100K | $100K |
Cash Flow Statement
| Period | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Period Ending | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 | 1995-12-31 |
| Operating Activities | ||||||||||||||||||||||||||||||
| Net Income | -$1.79M | -$20.29M | -$39.21M | -$67.64M | -$32.57M | -$27.48M | -$20.53M | -$18.45M | -$39.49M | -$55.17M | -$44.06M | -$45.22M | -$37.31M | -$20.96M | -$19.18M | -$30.24M | -$39.11M | -$40.01M | -$46.33M | -$58.9M | -$46.2M | -$24.28M | -$17.44M | -$11.15M | -$10.86M | -$4.96M | -$15.6M | -$9.2M | -$2.3M | -$2.8M |
| Depreciation & Amortization | $84K | $82K | $533K | $192K | $168K | $195K | $159K | $192K | $255K | $712K | $818K | $707K | $1.15M | $1.23M | $1.55M | $1.99M | $2.21M | $2.06M | $1.06M | $788K | $278K | $416K | $285K | $205K | $123K | $87K | $100K | $0 | $100K | $400K |
| Deferred Income Tax | -$210K | $0 | -$1.37M | -$9.99M | $1.14M | $1.72M | $3.34M | $0 | -$1.7M | $10.14M | $30K | $1.05M | $42K | $21.01M | -$16K | -$2.97M | -$4.9M | -$5.59M | -$569K | -$382K | -$1.26B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $455K | $1.28M | $3.09M | $7.24M | $5.68M | $6.72M | $955K | $1.66M | $1.69M | $2.23M | $3.92M | $3.24M | $3.27M | $1.36M | $1.63M | $2.97M | $5.01M | $5.61M | $617K | $382K | $1.26B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.93M | $67K | -$67K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $201K | -$1.79M | -$431K | -$195K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $492K | $137K | $0 | $0 | $0 | $0 |
| Accounts Payable | $1.07M | $560K | -$444K | -$468K | -$547K | -$2.47M | $997K | $2.43M | $1.44M | $2.91M | -$1.08M | $267K | $55K | -$574K | $391K | -$817K | $1.35M | $1.89M | -$429K | -$429K | $3.76B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $301K | $1.46M | -$1.33M | $410K | -$781K | -$4.24M | -$1.56M | -$1.97M | $1.05M | -$102K | $822K | $687K | $664K | -$242K | -$2.23M | -$1.32M | -$1.33M | $1.03M | -$496K | $244K | -$3.76B | $0 | $0 | $0 | $1.79M | $446K | $0 | $0 | $0 | $0 |
| Total Working Capital Change | $1.37M | $2.02M | -$1.78M | -$58K | -$1.33M | -$6.71M | -$562K | $466K | $2.49M | $4.94M | -$1.98M | $456K | $524K | -$816K | -$1.84M | -$2.14M | $22K | $2.92M | -$925K | -$185K | $3.67M | $960K | $2.52M | -$1.53M | $2.28M | $583K | $600K | -$200K | -$100K | -$100K |
| Other Non-Cash Items | -$15.31M | $3.48M | $19.28M | $46.59M | $1.58M | $882K | $863K | -$4.91M | $3.17M | $3.64M | $100K | -$686K | -$555K | -$24.52M | -$6.42M | $2.97M | $5.01M | $5.61M | $6.33M | $633K | $8.91M | -$557K | $1.21M | -$232K | $2.6M | $151K | $8.1M | $4.4M | $200K | $0 |
| Net Cash from Operating | -$15.4M | -$13.44M | -$19.45M | -$23.66M | -$25.32M | -$24.66M | -$15.78M | -$21.05M | -$33.59M | -$33.5M | -$41.17M | -$40.45M | -$32.88M | -$22.7M | -$24.27M | -$27.41M | -$31.75M | -$29.39M | -$39.83M | -$57.67M | -$33.34M | -$23.46M | -$13.44M | -$12.7M | -$5.86M | -$4.14M | -$6.8M | -$5M | -$2.1M | -$2.5M |
| Investing Activities | ||||||||||||||||||||||||||||||
| Capital Expenditures | -$12K | -$15K | -$13K | -$279K | -$291K | -$191K | $0 | -$24K | -$281K | -$458K | -$780K | -$608K | -$636K | -$106K | -$101K | -$147K | -$632K | -$3.77M | -$1.45M | -$1.06M | -$2.21M | -$606K | -$227K | -$257K | -$948K | -$114K | -$200K | -$100K | -$100K | $0 |
| Acquisitions | $0 | $0 | $210K | $0 | $0 | $0 | $223K | $0 | $27K | $270K | $0 | $0 | $0 | $0 | $0 | $25.77M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | -$13.96M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$25.77M | -$25.77M | -$38.35M | -$4.63M | -$33.34M | -$18.48M | -$284K | -$8.57M | -$10.68M | -$11.51M | -$1M | -$100K | -$7.5M | -$4.9M | -$3.8M |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $13.99M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.05M | $39.75M | $22.32M | $7.88M | $32.83M | $15.46M | $10.87M | $10.96M | $9.32M | $0 | $3.52M | $2.6M | $16.1M | $7.3M | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $9K | $0 | $27K | $270K | $0 | $0 | $0 | $0 | $0 | $200K | $0 | $0 | -$182K | $2K | -$644K | $2K | $2K | -$199K | $550K | $0 | -$300K | -$1.6M | -$100K | $0 |
| Net Cash from Investing | -$12K | -$15K | $197K | -$279K | -$291K | $13.8M | -$13.73M | -$24K | -$254K | -$188K | -$780K | -$608K | -$636K | -$106K | -$101K | $2.1M | $13.36M | -$19.8M | $1.62M | -$1.57M | -$5.87M | $9.98M | $2.17M | -$1.81M | -$11.91M | $2.41M | $2M | $6.9M | $2.2M | -$3.8M |
| Financing Activities | ||||||||||||||||||||||||||||||
| Debt Repaid | -$1.71M | - | $1.17M | $3.87M | $3.23M | - | $160K | - | - | $5M | $80K | -$29.93M | $75K | -$22.78M | -$18.84M | $2.51M | $2.08M | -$914K | $183K | -$4.95M | -$4.91M | -$36.36M | $66K | $23K | $15K | $10K | - | - | - | $100K |
| Common Stock Issuance | $5.49M | $11.55M | $4.25M | $27.39M | $20.25M | $22.98M | $32.89M | $15.9M | $709K | $136K | $0 | $0 | $43.55M | $22.93M | $27.98M | $20.82M | $6.29M | $0 | $0 | $0 | $0 | $0 | $14.66M | $0 | $21.52M | $3.81M | $0 | $0 | $0 | $6.4M |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.76M | -$1.05M | $0 | -$26K | $0 | -$5K | -$100K | $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 |
| Other Financing Activities | $8.52M | $843K | $0 | $5.84M | $2.94M | -$1.21M | -$155K | -$2.5M | $709K | $27.57M | $457K | -$246K | $6.67M | $0 | $0 | $0 | $0 | $58.81M | $17.55M | $72.03M | $0 | $0 | $1.45M | $11.03M | $0 | $0 | $0 | $0 | $100K | $0 |
| Net Cash from Financing | $12.73M | $11.6M | $3.08M | $29.36M | $19.96M | $21.77M | $38.74M | $17.3M | $709K | $27.7M | $377K | $100.45M | $50.22M | $22.78M | $18.84M | $18.31M | $4.21M | $59.72M | $17.37M | $76.98M | $39.05M | $34.4M | $16.05M | $10.98M | $21.5M | $3.8M | -$100K | $0 | $100K | $6.3M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $472K | $88K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4.8M | $0 | -$100K | $0 |
| Net Change in Cash | -$2.68M | -$1.86M | -$16.18M | $5.42M | -$5.65M | $11.37M | $9.32M | -$3.77M | -$33.13M | -$5.99M | -$41.57M | $59.39M | $16.7M | -$22K | -$5.53M | -$7M | -$14.19M | $10.53M | -$20.84M | $17.75M | -$158K | $20.92M | $4.78M | -$3.52M | $3.73M | $2.07M | -$100K | $1.9M | $100K | $0 |
| Supplementary Data | ||||||||||||||||||||||||||||||
| Operating Cash Flow | -$15.4M | -$13.44M | -$19.45M | -$23.66M | -$25.32M | -$24.66M | -$15.78M | -$21.05M | -$33.59M | -$33.5M | -$41.17M | -$40.45M | -$32.88M | -$22.7M | -$24.27M | -$27.41M | -$31.75M | -$29.39M | -$39.83M | -$57.67M | -$33.34M | -$23.46M | -$13.44M | -$12.7M | -$5.86M | -$4.14M | -$6.8M | -$5M | -$2.1M | -$2.5M |
| Capital Expenditure | -$12K | -$15K | -$13K | -$279K | -$291K | -$191K | $0 | -$24K | -$281K | -$458K | -$780K | -$608K | -$636K | -$106K | -$101K | -$147K | -$632K | -$3.77M | -$1.45M | -$1.06M | -$2.21M | -$606K | -$227K | -$257K | -$948K | -$114K | -$200K | -$100K | -$100K | $0 |
| Free Cash Flow | -$15.41M | -$13.45M | -$19.46M | -$23.94M | -$25.61M | -$24.85M | -$15.78M | -$21.07M | -$33.87M | -$33.96M | -$41.95M | -$41.06M | -$33.52M | -$22.8M | -$24.37M | -$27.56M | -$32.38M | -$33.16M | -$41.27M | -$58.73M | -$35.55M | -$24.07M | -$13.66M | -$12.96M | -$6.8M | -$4.25M | -$7M | -$5.1M | -$2.2M | -$2.5M |
| Cash at Beginning | $4.47M | $6.33M | $22.5M | $17.08M | $22.73M | $11.36M | $2.04M | $5.81M | $38.72M | $44.71M | $86.28M | $26.89M | $10.19M | $10.21M | $15.74M | $22.74M | $36.93M | $26.4M | $47.01M | $29.26M | $29.42M | $8.5M | $3.76M | $7.28M | $3.55M | $1.47M | $6.3M | $4.3M | $0 | $100K |
| Cash at End | $1.79M | $4.47M | $6.33M | $22.5M | $17.08M | $22.73M | $11.36M | $2.04M | $5.59M | $38.72M | $44.71M | $86.28M | $26.89M | $10.19M | $10.21M | $15.74M | $22.74M | $36.93M | $26.17M | $47.01M | $29.26M | $29.42M | $8.54M | $3.76M | $7.28M | $3.55M | $6.2M | $6.2M | $100K | $100K |