GRAB
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | -157.33 | -30.64 | -7.32 | -7.74 |
| Price to Sales | 6.74 | 5.56 | 8.57 | 39.52 |
| Book Value Per Common Share | 1.57 | 1.64 | 1.72 | 2.07 |
| Price to Book | 3.00 | 2.06 | 1.87 | 3.45 |
| Price to Operating Cash Flow | 22.13 | 152.49 | -15.39 | -27.97 |
| Price to Free Cash Flow | 25.51 | -2246.67 | -14.09 | -25.68 |
| Enterprise Value to EBITDA | 2065728.86 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Price to Earnings | 602.00 | 453.00 | 472.00 | 380.00 | |
| Price to Sales | 28.14 | 25.04 | 23.93 | 24.95 | 21.46 |
| Book Value Per Common Share | 1.58 | 1.56 | 1.57 | 1.57 | 1.58 |
| Price to Book | 3.80 | 3.22 | 2.88 | 3.00 | 2.41 |
| Price to Operating Cash Flow | -193.57 | 324.52 | 253.07 | 75.28 | 45.45 |
| Price to Free Cash Flow | -154.36 | 402.40 | 393.91 | 91.12 | 50.87 |
| Enterprise Value to EBITDA | 2196719.73 | 2135897.49 | 2707416.00 | 5650376.01 | 2638287.48 |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | ||||
| Revenue YoY | 18.57 | 64.62 | 112.30 | |
| EBITDA YoY | ||||
| Net Profit YoY |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Earning YoY | 0.00 | 0.00 | |||
| Revenue YoY | 6.59 | 5.95 | 1.18 | 6.70 | |
| EBITDA YoY | 16.67 | 39.13 | 102.94 | -41.38 | |
| Net Profit YoY | 5.71 | 45.83 | -7.69 | 0.00 |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | 1.41 | 1.29 | 1.33 | 2.16 |
| Quick Ratio | 2.42 | 3.74 | 5.01 | 8.15 |
| Current Ratio | 2.53 | 3.90 | 5.19 | 8.46 |
| Debt to Equity | 0.46 | 0.36 | 0.38 | 0.39 |
| Long-Term Debt to Equity | 0.06 | 0.13 | 0.21 | 0.27 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Cash Per Common Share | 1.70 | 1.71 | 1.44 | 1.39 | 1.40 |
| Quick Ratio | 1.77 | 1.78 | 2.37 | 2.42 | 2.60 |
| Current Ratio | 1.83 | 1.88 | 2.49 | 2.53 | 2.70 |
| Debt to Equity | 0.74 | 0.75 | 0.49 | 0.46 | 0.43 |
| Long-Term Debt to Equity | 0.07 | 0.07 | 0.06 | 0.06 | 0.05 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | -1.13 | -4.94 | -18.35 | -30.86 |
| ROE | -1.65 | -6.71 | -25.28 | -43.01 |
| Gross Margin | 41.97 | 36.46 | 5.37 | -58.52 |
| Operating Margin | -1.93 | -15.56 | -109.49 | -274.22 |
| EBITDA Margin | 3.33 | -9.41 | -99.02 | -223.11 |
| Net Profit Margin | -3.75 | -18.40 | -117.45 | -510.96 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| ROA | 0.33 | 0.31 | 0.25 | 0.28 | 0.28 |
| ROE | 0.57 | 0.55 | 0.37 | 0.41 | 0.40 |
| Gross Margin | 43.76 | 43.22 | 41.91 | 43.46 | 42.88 |
| Operating Margin | 7.45 | 6.72 | 3.75 | -0.39 | 3.07 |
| EBITDA Margin | 12.83 | 11.72 | 8.93 | 4.45 | 8.10 |
| Net Profit Margin | 4.24 | 4.27 | 3.10 | 3.40 | 3.63 |
Dividends
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Dividend Yield | ||||
| Dividend Payout Ratio |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Dividend Yield | |||||
| Dividend Payout Ratio |
Financial Statements
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Assets | 9,295,000.00 | 8,792,000.00 | 9,170,000.00 | 11,178,000.00 |
| Current Assets | 6,566,000.00 | 5,768,000.00 | 5,688,000.00 | 8,675,000.00 |
| Cash and Short-Term Investments | 5,629,000.00 | 5,043,000.00 | 5,086,000.00 | 8,078,000.00 |
| Cash and Cash Equivalents | 2,964,000.00 | 3,138,000.00 | 1,952,000.00 | 4,838,000.00 |
| Short-Term Investments | 2,665,000.00 | 1,905,000.00 | 3,134,000.00 | 3,240,000.00 |
| Net Receivables | 649,000.00 | 486,000.00 | 406,000.00 | 288,000.00 |
| Inventory | 59,000.00 | 49,000.00 | 48,000.00 | 4,000.00 |
| Other Current Assets | 229,000.00 | 190,000.00 | 148,000.00 | 305,000.00 |
| Non-Current Assets | 2,729,000.00 | 3,024,000.00 | 3,482,000.00 | 2,503,000.00 |
| Property, Plant, Equipment Net | 567,000.00 | 512,000.00 | 492,000.00 | 441,000.00 |
| Goodwill | 845,000.00 | 807,000.00 | 807,000.00 | 647,000.00 |
| Intangible Assets | 130,000.00 | 109,000.00 | 97,000.00 | 28,000.00 |
| Long-Term Investments | 896,000.00 | 1,290,000.00 | 1,849,000.00 | 1,255,000.00 |
| Non-Current Deferred Assets | 67,000.00 | 56,000.00 | 20,000.00 | 5,000.00 |
| Other Non-Current Assets | 224,000.00 | 250,000.00 | 217,000.00 | 127,000.00 |
| Liabilities | 2,944,000.00 | 2,324,000.00 | 2,513,000.00 | 3,159,000.00 |
| Current Liabilities | 2,592,000.00 | 1,478,000.00 | 1,097,000.00 | 1,026,000.00 |
| Payables and Expenses | 1,103,000.00 | 933,000.00 | 930,000.00 | 838,000.00 |
| Account Payables | 208,000.00 | 185,000.00 | 189,000.00 | 167,000.00 |
| Current Accrued Liabilities | 724,000.00 | 605,000.00 | 633,000.00 | 587,000.00 |
| Short-Term Debt | 123,000.00 | 125,000.00 | 117,000.00 | 144,000.00 |
| Other Current Liabilities | 1,366,000.00 | 420,000.00 | 50,000.00 | 44,000.00 |
| Non-Current Liabilities | 352,000.00 | 846,000.00 | 1,416,000.00 | 2,133,000.00 |
| Long-Term Debt | 241,000.00 | 668,000.00 | 1,248,000.00 | 2,031,000.00 |
| Other Non-Current Liabilities | 111,000.00 | 178,000.00 | 168,000.00 | 102,000.00 |
| Equity | 6,351,000.00 | 6,468,000.00 | 6,657,000.00 | 8,019,000.00 |
| Shareholders Equity | 6,399,000.00 | 6,449,000.00 | 6,603,000.00 | 7,733,000.00 |
| Capital Stock | 0 | 0 | 22,278,000.00 | 0 |
| Share Premium | 23,549,000.00 | 22,669,000.00 | 22,278,000.00 | 21,529,000.00 |
| Retained Earnings | -17,347,000.00 | -16,764,000.00 | -16,277,000.00 | -14,402,000.00 |
| Treasury Shares | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | -195,000.00 | 70,000.00 | 86,000.00 | 606,000.00 |
| Minority Interest | -48,000.00 | 19,000.00 | 54,000.00 | 286,000.00 |
| Debt | 364,000.00 | 793,000.00 | 1,365,000.00 | 2,175,000.00 |
| Common Shares Outstanding | 4,070,297.65 | 3,933,743.05 | 3,840,188.99 | 3,741,980.21 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenues | 2,797,000.00 | 2,359,000.00 | 1,433,000.00 | 675,000.00 |
| Cost Of Revenue | 1,623,000.00 | 1,499,000.00 | 1,356,000.00 | 1,070,000.00 |
| Interest Income | 187,000.00 | 197,000.00 | 107,000.00 | 26,000.00 |
| Interest Expense | 41,000.00 | 99,000.00 | 165,000.00 | 1,701,000.00 |
| Non-Interest Expense | 836,000.00 | 843,000.00 | 924,000.00 | 785,000.00 |
| Gross Profit | 1,174,000.00 | 860,000.00 | 77,000.00 | -395,000.00 |
| Operating Expenses | 1,229,000.00 | 1,247,000.00 | 1,372,000.00 | 1,129,000.00 |
| Selling, General and Administrative Expenses | 836,000.00 | 843,000.00 | 924,000.00 | 785,000.00 |
| Research and Development Expenses | 410,000.00 | 421,000.00 | 465,000.00 | 356,000.00 |
| Other Operating Expenses | -17,000.00 | -17,000.00 | -17,000.00 | -12,000.00 |
| Operating Income | -55,000.00 | -387,000.00 | -1,295,000.00 | -1,524,000.00 |
| Net Non-Operating Income | -4,000.00 | -4,000.00 | -9,000.00 | -3,000.00 |
| EBT | -95,000.00 | -466,000.00 | -1,734,000.00 | -3,552,000.00 |
| Income Tax | 63,000.00 | 19,000.00 | 6,000.00 | 3,000.00 |
| Net Income Including Non-Controlling Interests | -158,000.00 | -485,000.00 | -1,740,000.00 | -3,555,000.00 |
| Net Income Non-Controlling Interests | 53,000.00 | 51,000.00 | 57,000.00 | 106,000.00 |
| Net Income | -105,000.00 | -434,000.00 | -1,683,000.00 | -3,449,000.00 |
| EBIT | -54,000.00 | -367,000.00 | -1,569,000.00 | -1,851,000.00 |
| Deprecation and Amortization | 147,000.00 | 145,000.00 | 150,000.00 | 345,000.00 |
| EBITDA | 93,000.00 | -222,000.00 | -1,419,000.00 | -1,506,000.00 |
| EPS | -0.00 | -0.00 | -0.00 | -0.00 |
| Diluted EPS | -0.00 | -0.00 | -0.00 | -0.00 |
| Average Shares Outstanding Basic | 3,995,237.00 | 3,894,724.00 | 3,814,492.00 | 3,741,980.21 |
| Average Shares Outstanding Diluted | 3,995,237.00 | 3,894,724.00 | 3,814,492.00 | 3,741,980.21 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | 852,000.00 | 86,000.00 | -798,000.00 | -954,000.00 |
| Operating Net Income | -95,000.00 | -466,000.00 | -1,734,000.00 | -3,552,000.00 |
| Deprecation and Amortization | 147,000.00 | 145,000.00 | 150,000.00 | 345,000.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 |
| Share Based Compensation | 279,000.00 | 304,000.00 | 412,000.00 | 357,000.00 |
| Change in Working Capital | 563,000.00 | 139,000.00 | -23,000.00 | -144,000.00 |
| Other Operating Activities | -42,000.00 | -36,000.00 | 397,000.00 | 2,040,000.00 |
| Investing Cash Flow | -231,000.00 | 1,871,000.00 | -1,062,000.00 | -2,757,000.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -51,000.00 | -43,000.00 | -46,000.00 | -48,000.00 |
| Net Purchase/Sale of Investments Net | -362,000.00 | 1,752,000.00 | -683,000.00 | -2,717,000.00 |
| Net Purchase/Sale of Business | -66,000.00 | 0 | -274,000.00 | -8,000.00 |
| Other Investing Activities | 248,000.00 | 162,000.00 | -59,000.00 | 16,000.00 |
| Financing Cash Flow | -771,000.00 | -770,000.00 | -1,122,000.00 | 6,566,000.00 |
| Net Issuance/Repayment of Debt | -561,000.00 | -688,000.00 | -945,000.00 | 1,780,000.00 |
| Net Issuance/Repurchase of Equity | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | -82,000.00 | -177,000.00 | 0 |
| Net Change in Cash | -150,000.00 | 1,187,000.00 | -2,982,000.00 | 2,855,000.00 |
| Cash at Beginning of Period | 3,138,000.00 | 1,952,000.00 | 4,991,000.00 | 2,173,000.00 |
| Cash at End of Period | 2,964,000.00 | 3,138,000.00 | 1,952,000.00 | 4,991,000.00 |
| Free Cash Flow | 739,000.00 | -6,000.00 | -872,000.00 | -1,039,000.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Assets | 11,355,000.00 | 11,145,000.00 | 9,636,000.00 | 9,295,000.00 | 9,178,000.00 |
| Current Assets | 8,002,000.00 | 8,219,000.00 | 6,908,000.00 | 6,566,000.00 | 6,538,000.00 |
| Cash and Short-Term Investments | 6,927,000.00 | 6,973,000.00 | 5,881,000.00 | 5,629,000.00 | 5,654,000.00 |
| Cash and Cash Equivalents | 3,280,000.00 | 3,696,000.00 | 2,828,000.00 | 2,964,000.00 | 2,885,000.00 |
| Short-Term Investments | 3,647,000.00 | 3,277,000.00 | 3,053,000.00 | 2,665,000.00 | 2,769,000.00 |
| Net Receivables | 812,000.00 | 796,000.00 | 709,000.00 | 649,000.00 | 656,000.00 |
| Inventory | 79,000.00 | 75,000.00 | 74,000.00 | 59,000.00 | 56,000.00 |
| Other Current Assets | 184,000.00 | 375,000.00 | 244,000.00 | 229,000.00 | 172,000.00 |
| Non-Current Assets | 3,353,000.00 | 2,926,000.00 | 2,728,000.00 | 2,729,000.00 | 2,640,000.00 |
| Property, Plant, Equipment Net | 712,000.00 | 659,000.00 | 605,000.00 | 567,000.00 | 524,000.00 |
| Goodwill | 0 | 0 | 0 | 845,000.00 | 0 |
| Intangible Assets | 0 | 0 | 0 | 130,000.00 | 0 |
| Long-Term Investments | 1,137,000.00 | 827,000.00 | 757,000.00 | 896,000.00 | 902,000.00 |
| Non-Current Deferred Assets | 81,000.00 | 81,000.00 | 80,000.00 | 67,000.00 | 54,000.00 |
| Other Non-Current Assets | 0 | 0 | 0 | 224,000.00 | 0 |
| Liabilities | 4,841,000.00 | 4,784,000.00 | 3,168,000.00 | 2,944,000.00 | 2,746,000.00 |
| Current Liabilities | 4,380,000.00 | 4,363,000.00 | 2,779,000.00 | 2,592,000.00 | 2,425,000.00 |
| Payables and Expenses | 1,206,000.00 | 1,146,000.00 | 1,173,000.00 | 1,103,000.00 | 1,185,000.00 |
| Account Payables | 1,170,000.00 | 1,106,000.00 | 1,129,000.00 | 208,000.00 | 1,142,000.00 |
| Current Accrued Liabilities | 0 | 0 | 0 | 724,000.00 | 0 |
| Short-Term Debt | 1,817,000.00 | 1,630,000.00 | 132,000.00 | 123,000.00 | 100,000.00 |
| Other Current Liabilities | 1,357,000.00 | 1,587,000.00 | 1,474,000.00 | 1,366,000.00 | 1,140,000.00 |
| Non-Current Liabilities | 461,000.00 | 421,000.00 | 389,000.00 | 352,000.00 | 321,000.00 |
| Long-Term Debt | 320,000.00 | 283,000.00 | 253,000.00 | 241,000.00 | 228,000.00 |
| Other Non-Current Liabilities | 141,000.00 | 138,000.00 | 136,000.00 | 111,000.00 | 93,000.00 |
| Equity | 6,514,000.00 | 6,361,000.00 | 6,468,000.00 | 6,351,000.00 | 6,432,000.00 |
| Shareholders Equity | 6,471,000.00 | 6,362,000.00 | 6,479,000.00 | 6,399,000.00 | 6,359,000.00 |
| Capital Stock | 23,839,000.00 | 0 | 23,756,000.00 | 0 | 23,314,000.00 |
| Share Premium | 0 | 23,786,000.00 | 0 | 23,549,000.00 | 0 |
| Retained Earnings | -17,640,000.00 | -17,592,000.00 | -17,341,000.00 | -17,347,000.00 | -17,217,000.00 |
| Treasury Shares | 0 | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 272,000.00 | -134,000.00 | 64,000.00 | -195,000.00 | 262,000.00 |
| Minority Interest | 43,000.00 | -1,000.00 | -11,000.00 | -48,000.00 | 73,000.00 |
| Debt | 2,137,000.00 | 1,913,000.00 | 385,000.00 | 364,000.00 | 328,000.00 |
| Common Shares Outstanding | 4,087,000.00 | 4,076,565.00 | 4,124,000.00 | 4,070,297.65 | 4,027,000.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|
| Revenues | 873,000.00 | 819,000.00 | 773,000.00 | 764,000.00 | 716,000.00 | 0 |
| Cost Of Revenue | 491,000.00 | 465,000.00 | 449,000.00 | 432,000.00 | 409,000.00 | 0 |
| Interest Income | 48,000.00 | 41,000.00 | 72,000.00 | 45,000.00 | 81,000.00 | 0 |
| Interest Expense | 27,000.00 | 12,000.00 | 5,000.00 | -14,000.00 | 0 | 31,000.00 |
| Non-Interest Expense | 212,000.00 | 208,000.00 | 195,000.00 | 235,000.00 | 194,000.00 | 0 |
| Gross Profit | 382,000.00 | 354,000.00 | 324,000.00 | 332,000.00 | 307,000.00 | 0 |
| Operating Expenses | 315,000.00 | 315,000.00 | 308,000.00 | 323,000.00 | 285,000.00 | 0 |
| Selling, General and Administrative Expenses | 212,000.00 | 208,000.00 | 195,000.00 | 235,000.00 | 194,000.00 | 0 |
| Research and Development Expenses | 103,000.00 | 114,000.00 | 121,000.00 | 93,000.00 | 97,000.00 | 0 |
| Other Operating Expenses | 0 | -7,000.00 | -8,000.00 | -5,000.00 | -6,000.00 | -4,000.00 |
| Operating Income | 67,000.00 | 39,000.00 | 16,000.00 | 9,000.00 | 22,000.00 | 0 |
| Net Non-Operating Income | -1,000.00 | -1,000.00 | -2,000.00 | 37,000.00 | -38,000.00 | 0 |
| EBT | 38,000.00 | 43,000.00 | 24,000.00 | 11,000.00 | 47,000.00 | 0 |
| Income Tax | 21,000.00 | 23,000.00 | 14,000.00 | 0 | 32,000.00 | 0 |
| Net Income Including Non-Controlling Interests | 17,000.00 | 20,000.00 | 10,000.00 | 11,000.00 | 15,000.00 | 0 |
| Net Income Non-Controlling Interests | 20,000.00 | 15,000.00 | 14,000.00 | 15,000.00 | 11,000.00 | 0 |
| Net Income | 37,000.00 | 35,000.00 | 24,000.00 | 26,000.00 | 26,000.00 | 0 |
| EBIT | 65,000.00 | 55,000.00 | 29,000.00 | -3,000.00 | 22,000.00 | 0 |
| Deprecation and Amortization | 47,000.00 | 41,000.00 | 40,000.00 | 37,000.00 | 36,000.00 | 0 |
| EBITDA | 112,000.00 | 96,000.00 | 69,000.00 | 34,000.00 | 58,000.00 | 0 |
| EPS | 0.00 | 0 | 0.00 | 0.00 | 0.00 | -0.00 |
| Diluted EPS | 0.00 | 0 | 0.00 | 0.00 | 0.00 | -0.00 |
| Average Shares Outstanding Basic | 4,080,408.00 | 0 | 4,083,319.00 | 4,037,318.00 | 4,042,521.00 | 3,964,775.00 |
| Average Shares Outstanding Diluted | 4,185,629.00 | 0 | 4,240,254.00 | 4,204,803.00 | 4,251,379.00 | 3,964,775.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Operating Cash Flow | -127,000.00 | 63,000.00 | 73,000.00 | 253,000.00 | 338,000.00 |
| Operating Net Income | 38,000.00 | 43,000.00 | 24,000.00 | 11,000.00 | 47,000.00 |
| Deprecation and Amortization | 47,000.00 | 41,000.00 | 40,000.00 | 37,000.00 | 36,000.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 | 0 |
| Share Based Compensation | 55,000.00 | 61,000.00 | 80,000.00 | 49,000.00 | 53,000.00 |
| Change in Working Capital | -269,000.00 | -48,000.00 | -45,000.00 | 170,000.00 | 265,000.00 |
| Other Operating Activities | 2,000.00 | -34,000.00 | -26,000.00 | -14,000.00 | -63,000.00 |
| Investing Cash Flow | -407,000.00 | -257,000.00 | -213,000.00 | 8,000.00 | 65,000.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -23,000.00 | -7,000.00 | -12,000.00 | -21,000.00 | -12,000.00 |
| Net Purchase/Sale of Investments Net | -365,000.00 | -258,000.00 | -186,000.00 | 29,000.00 | -47,000.00 |
| Net Purchase/Sale of Business | -64,000.00 | -45,000.00 | -45,000.00 | -22,000.00 | -1,000.00 |
| Other Investing Activities | 45,000.00 | 53,000.00 | 30,000.00 | 22,000.00 | 125,000.00 |
| Financing Cash Flow | -51,000.00 | 1,185,000.00 | 0 | -64,000.00 | -129,000.00 |
| Net Issuance/Repayment of Debt | -27,000.00 | 1,483,000.00 | -24,000.00 | -26,000.00 | -13,000.00 |
| Net Issuance/Repurchase of Equity | 0 | -274,000.00 | 0 | -37,000.00 | -58,000.00 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | -24,000.00 | -24,000.00 | 0 | -1,000.00 | -58,000.00 |
| Net Change in Cash | -585,000.00 | 991,000.00 | -140,000.00 | 197,000.00 | 274,000.00 |
| Cash at Beginning of Period | 3,880,000.00 | 2,828,000.00 | 2,964,000.00 | 2,885,000.00 | 2,447,000.00 |
| Cash at End of Period | 3,280,000.00 | 3,880,000.00 | 2,828,000.00 | 2,964,000.00 | 2,885,000.00 |
| Free Cash Flow | -159,000.00 | 51,000.00 | 47,000.00 | 209,000.00 | 302,000.00 |