IBM
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Price to Earnings | 33.66 | 19.87 | |||
| Price to Sales | 3.23 | 2.41 | |||
| Book Value Per Common Share | 29.48 | 24.63 | 24.22 | 21.05 | 23.07 |
| Price to Book | 7.46 | 6.64 | |||
| Price to Operating Cash Flow | 15.07 | 10.70 | |||
| Price to Free Cash Flow | 12.29 | ||||
| Enterprise Value to EBITDA | 51288.52 | 101854.71 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price to Earnings | 52.64 | 84.22 | 218.12 | 65.41 | 46.24 | 109.12 | |||||||||||||
| Price to Sales | 5.49 | 8.69 | 15.87 | 4.50 | 5.26 | 12.11 | |||||||||||||
| Book Value Per Common Share | 29.85 | 29.53 | 28.92 | 29.48 | 26.44 | 26.08 | 25.32 | 25.28 | 24.37 | 23.79 | 24.22 | 22.20 | 21.49 | 21.18 | 21.05 | 24.79 | 24.48 | 23.94 | 23.07 |
| Price to Book | 9.45 | 9.98 | 8.60 | 7.46 | 8.36 | 6.63 | 7.54 | ||||||||||||
| Price to Operating Cash Flow | 28.70 | 45.13 | 52.80 | 22.32 | 25.49 | 42.02 | |||||||||||||
| Price to Free Cash Flow | |||||||||||||||||||
| Enterprise Value to EBITDA | 79805.86 | 130929.68 | 274346.31 | 81441.08 | 89650.18 | 240007.10 |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Earning YoY | -20.66 | 352.20 | -71.61 | 2.07 | |
| Revenue YoY | 1.44 | 2.20 | 5.54 | -28.10 | |
| EBITDA YoY | 170.22 | -47.11 | -4.94 | 4.67 | |
| Net Profit YoY | -19.71 | 357.72 | -71.46 | 2.74 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earning YoY | 53.14 | 207.02 | -9.63 | 113.71 | -63.47 | 66.32 | 182.35 | 187.80 | 49.41 | 138.32 | |||||||||
| Revenue YoY | 51.81 | 116.76 | 49.51 | 109.04 | -67.49 | 49.62 | 108.58 | 47.45 | 109.42 | 48.12 | 105.64 | ||||||||
| EBITDA YoY | 57.58 | 148.97 | 41.25 | 143.14 | -69.76 | 55.26 | 140.94 | 19.98 | 124.10 | 53.12 | 132.28 | ||||||||
| Net Profit YoY | 53.68 | 207.96 | -9.60 | 114.27 | -61.91 | 67.82 | 170.87 | -97.65 | 189.90 | 49.56 | 138.74 |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Cash Per Common Share | 15.13 | 14.75 | 8.74 | 7.42 | 15.51 |
| Quick Ratio | 0.65 | 0.80 | 0.70 | 0.64 | 0.82 |
| Current Ratio | 1.04 | 0.96 | 0.92 | 0.88 | 0.98 |
| Debt to Equity | 4.01 | 4.98 | 4.78 | 5.95 | 6.53 |
| Long-Term Debt to Equity | 2.80 | 3.47 | 3.35 | 4.18 | 4.60 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash Per Common Share | 12.43 | 12.85 | 11.89 | 15.06 | 14.34 | 13.29 | 15.92 | 7.97 | 10.34 | 10.29 | 8.70 | 8.67 | 7.81 | 11.05 | 7.40 | 8.33 | 8.22 | 12.46 | 15.47 |
| Quick Ratio | 0.52 | 0.51 | 0.51 | 0.65 | 0.68 | 0.63 | 0.66 | 0.44 | 0.49 | 0.71 | 0.70 | 0.47 | 0.43 | 0.69 | 0.64 | 0.62 | 0.63 | 0.74 | 0.82 |
| Current Ratio | 0.93 | 0.91 | 1.01 | 1.04 | 1.06 | 1.12 | 1.13 | 0.91 | 1.06 | 1.16 | 0.92 | 0.95 | 0.88 | 0.92 | 0.88 | 0.84 | 0.84 | 0.93 | 0.98 |
| Debt to Equity | 4.23 | 4.39 | 4.40 | 4.01 | 4.48 | 4.55 | 4.88 | 4.58 | 4.94 | 5.17 | 4.78 | 5.25 | 5.55 | 5.97 | 5.95 | 5.45 | 5.65 | 5.91 | 6.53 |
| Long-Term Debt to Equity | 2.97 | 3.02 | 3.10 | 2.80 | 3.30 | 3.32 | 3.49 | 3.26 | 3.48 | 3.74 | 3.35 | 3.73 | 3.91 | 4.19 | 4.18 | 3.85 | 3.99 | 4.21 | 4.60 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| ROA | 4.39 | 5.55 | 1.29 | 4.35 | 3.58 |
| ROE | 21.99 | 33.18 | 7.44 | 30.23 | 26.97 |
| Gross Margin | 56.65 | 55.45 | 54.00 | 54.90 | 44.60 |
| Operating Margin | 55.83 | 16.65 | 37.96 | 39.77 | 26.61 |
| EBITDA Margin | 63.27 | 23.75 | 45.89 | 50.96 | 35.01 |
| Net Profit Margin | 9.60 | 12.13 | 2.71 | 10.01 | 7.01 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROA | 3.41 | 2.19 | 0.72 | 2.31 | 2.57 | 1.17 | 3.26 | 1.90 | 0.69 | 0.04 | 1.67 | 0.55 | 2.36 | 1.55 | 0.64 | ||||
| ROE | 17.84 | 11.78 | 3.91 | 12.67 | 14.27 | 6.88 | 18.20 | 11.27 | 4.28 | 0.25 | 10.91 | 3.84 | 15.25 | 10.33 | 4.44 | ||||
| Gross Margin | 57.20 | 57.13 | 55.23 | 55.56 | 55.21 | 53.53 | 54.03 | 53.86 | 52.69 | 52.59 | 52.55 | 51.67 | 43.25 | 43.44 | 42.59 | ||||
| Operating Margin | 61.28 | 58.79 | 49.84 | 47.67 | 51.22 | 42.72 | 47.04 | 45.13 | 37.80 | 27.54 | 39.92 | 32.39 | 32.52 | 31.30 | 26.52 | ||||
| EBITDA Margin | 69.07 | 66.54 | 57.93 | 55.53 | 58.78 | 50.54 | 54.34 | 52.37 | 45.33 | 35.90 | 44.12 | 41.23 | 41.10 | 39.76 | 35.20 | ||||
| Net Profit Margin | 10.43 | 10.31 | 7.26 | 6.88 | 11.38 | 11.10 | 9.47 | 8.45 | 6.50 | 0.11 | 7.15 | 5.16 | 5.81 | 5.76 | 4.96 |
Dividends
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Dividend Yield | 0.00 | ||||
| Dividend Payout Ratio | 80.51 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | |||||||||||||||||||
| Dividend Payout Ratio |
Financial Statements
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Assets | 137,175,000.00 | 135,241,000.00 | 127,243,000.00 | 132,001,000.00 | 155,971,000.00 |
| Current Assets | 34,482,000.00 | 32,908,000.00 | 29,118,000.00 | 29,539,000.00 | 39,165,000.00 |
| Cash and Short-Term Investments | 13,947,000.00 | 13,441,000.00 | 7,886,000.00 | 6,650,000.00 | 13,812,000.00 |
| Cash and Cash Equivalents | 13,947,000.00 | 13,068,000.00 | 7,886,000.00 | 6,650,000.00 | 13,212,000.00 |
| Short-Term Investments | 0 | 373,000.00 | 0 | 0 | 600,000.00 |
| Net Receivables | 7,751,000.00 | 13,956,000.00 | 14,209,000.00 | 14,977,000.00 | 18,738,000.00 |
| Inventory | 1,289,000.00 | 1,161,000.00 | 1,552,000.00 | 1,649,000.00 | 1,839,000.00 |
| Other Current Assets | 11,495,000.00 | 4,350,000.00 | 5,471,000.00 | 6,263,000.00 | 4,776,000.00 |
| Non-Current Assets | 102,693,000.00 | 102,332,000.00 | 98,125,000.00 | 102,462,000.00 | 116,806,000.00 |
| Property, Plant, Equipment Net | 8,928,000.00 | 8,722,000.00 | 21,573,000.00 | 43,391,000.00 | 37,862,000.00 |
| Goodwill | 60,706,000.00 | 60,178,000.00 | 55,949,000.00 | 55,643,000.00 | 59,617,000.00 |
| Intangible Assets | 10,660,000.00 | 11,036,000.00 | 11,184,000.00 | 12,511,000.00 | 13,796,000.00 |
| Long-Term Investments | 5,353,000.00 | 0 | 5,806,000.00 | 5,425,000.00 | 7,086,000.00 |
| Non-Current Deferred Assets | 6,978,000.00 | 7,498,000.00 | 6,256,000.00 | 7,370,000.00 | 9,241,000.00 |
| Other Non-Current Assets | 10,068,000.00 | 0 | -2,643,000.00 | -21,878,000.00 | -10,796,000.00 |
| Liabilities | 109,783,000.00 | 112,628,000.00 | 105,222,000.00 | 113,005,000.00 | 135,244,000.00 |
| Current Liabilities | 33,142,000.00 | 34,122,000.00 | 31,505,000.00 | 33,619,000.00 | 39,869,000.00 |
| Payables and Expenses | 7,637,000.00 | 9,923,000.00 | 7,532,000.00 | 7,159,000.00 | 8,348,000.00 |
| Account Payables | 4,032,000.00 | 4,132,000.00 | 4,051,000.00 | 3,955,000.00 | 4,908,000.00 |
| Current Accrued Liabilities | 3,605,000.00 | 3,521,000.00 | 3,481,000.00 | 3,204,000.00 | 3,440,000.00 |
| Short-Term Debt | 5,857,000.00 | 7,246,000.00 | 5,634,000.00 | 7,761,000.00 | 8,540,000.00 |
| Other Current Liabilities | 19,648,000.00 | 16,953,000.00 | 18,339,000.00 | 18,699,000.00 | 22,981,000.00 |
| Non-Current Liabilities | 76,641,000.00 | 78,506,000.00 | 73,717,000.00 | 79,386,000.00 | 95,375,000.00 |
| Long-Term Debt | 52,539,000.00 | 52,689,000.00 | 48,379,000.00 | 47,379,000.00 | 57,929,000.00 |
| Other Non-Current Liabilities | 24,102,000.00 | 25,817,000.00 | 25,338,000.00 | 32,007,000.00 | 37,446,000.00 |
| Equity | 27,392,000.00 | 22,613,000.00 | 22,021,000.00 | 18,996,000.00 | 20,727,000.00 |
| Shareholders Equity | 27,307,000.00 | 22,533,000.00 | 21,944,000.00 | 18,901,000.00 | 20,597,000.00 |
| Capital Stock | 0 | 59,643,000.00 | 0 | 0 | 0 |
| Share Premium | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 151,163,000.00 | 151,276,000.00 | 149,825,000.00 | 154,209,000.00 | 162,717,000.00 |
| Treasury Shares | 169,968,000.00 | 169,624,000.00 | 169,484,000.00 | 169,392,000.00 | 169,339,000.00 |
| Accumulated Other Comprehensive Income | -15,269,000.00 | -18,761,000.00 | -16,740,000.00 | -23,234,000.00 | -29,337,000.00 |
| Minority Interest | 86,000.00 | 80,000.00 | 77,000.00 | 95,000.00 | 129,000.00 |
| Investments | 5,353,000.00 | 0 | 5,806,000.00 | 5,425,000.00 | 7,686,000.00 |
| Debt | 58,396,000.00 | 59,935,000.00 | 54,013,000.00 | 55,140,000.00 | 66,469,000.00 |
| Net Debt | 44,449,000.00 | 43,479,000.00 | 46,127,000.00 | 48,490,000.00 | 52,657,000.00 |
| Common Shares Outstanding | 926,290.07 | 915,013.65 | 906,091.98 | 898,068.60 | 892,653.42 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Revenues | 62,753,000.00 | 61,860,000.00 | 60,530,000.00 | 57,350,000.00 | 79,758,000.00 |
| Cost Of Revenue | 27,202,000.00 | 27,560,000.00 | 27,843,000.00 | 25,864,000.00 | 44,183,000.00 |
| Interest Income | 0 | 670,000.00 | 0 | 0 | 0 |
| Interest Expense | 1,743,000.00 | 1,607,000.00 | 1,652,000.00 | 1,478,000.00 | 1,980,000.00 |
| Non-Interest Expense | 0 | 17,559,000.00 | 0 | 0 | 0 |
| Gross Profit | 35,551,000.00 | 34,300,000.00 | 32,687,000.00 | 31,486,000.00 | 35,575,000.00 |
| Operating Expenses | 0 | 24,479,000.00 | 0 | 0 | 0 |
| Selling, General and Administrative Expenses | 19,672,000.00 | 17,559,000.00 | 18,571,000.00 | 18,769,000.00 | 23,082,000.00 |
| Research and Development Expenses | 7,479,000.00 | 6,775,000.00 | 6,567,000.00 | 6,488,000.00 | 6,333,000.00 |
| Other Operating Expenses | 0 | -860,000.00 | 0 | 0 | 0 |
| Operating Income | 0 | 9,821,000.00 | 0 | 0 | 0 |
| Net Non-Operating Income | 0 | 305,000.00 | 0 | 0 | 0 |
| EBT | 33,293,000.00 | 8,690,000.00 | 21,326,000.00 | 21,330,000.00 | 19,246,000.00 |
| Income Tax | 218,000.00 | 1,176,000.00 | 1,148,000.00 | 188,000.00 | 1,723,000.00 |
| Net Income Including Non-Controlling Interests | 0 | 7,502,000.00 | 0 | 0 | 0 |
| Net Income | 6,023,000.00 | 7,502,000.00 | 1,639,000.00 | 5,743,000.00 | 5,590,000.00 |
| EBIT | 35,036,000.00 | 10,297,000.00 | 22,978,000.00 | 22,808,000.00 | 21,226,000.00 |
| Deprecation and Amortization | 4,667,000.00 | 4,396,000.00 | 4,802,000.00 | 6,417,000.00 | 6,695,000.00 |
| EBITDA | 39,703,000.00 | 14,693,000.00 | 27,780,000.00 | 29,225,000.00 | 27,921,000.00 |
| EPS | 0.01 | 0.01 | 0.00 | 0.01 | 0.01 |
| Diluted EPS | 0.01 | 0.01 | 0.00 | 0.01 | 0.01 |
| Average Shares Outstanding Basic | 921,767.83 | 911,200.00 | 902,664.19 | 895,990.77 | 890,348.68 |
| Average Shares Outstanding Diluted | 937,161.22 | 922,100.00 | 912,269.06 | 904,641.00 | 896,563.97 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Operating Cash Flow | 13,445,000.00 | 13,931,000.00 | 10,435,000.00 | 12,796,000.00 | 18,197,000.00 |
| Operating Net Income | 6,023,000.00 | 7,502,000.00 | 1,639,000.00 | 5,743,000.00 | 5,590,000.00 |
| Deprecation and Amortization | 4,667,000.00 | 4,396,000.00 | 4,802,000.00 | 6,417,000.00 | 6,695,000.00 |
| Deferred Income Tax | -2,330,000.00 | -1,114,000.00 | -2,726,000.00 | -2,001,000.00 | -3,203,000.00 |
| Share Based Compensation | 1,311,000.00 | 1,133,000.00 | 987,000.00 | 982,000.00 | 937,000.00 |
| Change in Working Capital | -1,074,000.00 | 2,184,000.00 | 796,000.00 | -754,000.00 | -7,037,000.00 |
| Other Operating Activities | 4,848,000.00 | -170,000.00 | 4,937,000.00 | 2,409,000.00 | 15,215,000.00 |
| Investing Cash Flow | -4,937,000.00 | -7,070,000.00 | -4,202,000.00 | -5,975,000.00 | -3,028,000.00 |
| Capital Expenditure | 0.00 | 0 | 0.00 | 0.00 | 0.00 |
| Net Purchase/Sale of PPE | 1,605,000.00 | -924,000.00 | 1,457,000.00 | 2,449,000.00 | 2,806,000.00 |
| Net Purchase/Sale of Investments Net | 14,306,000.00 | -496,000.00 | 10,595,000.00 | 6,708,000.00 | 11,864,000.00 |
| Net Purchase/Sale of Business | 3,987,000.00 | -5,086,000.00 | 3,620,000.00 | 3,407,000.00 | 839,000.00 |
| Other Investing Activities | -24,835,000.00 | -564,000.00 | -19,874,000.00 | -18,539,000.00 | -18,537,000.00 |
| Financing Cash Flow | -7,079,000.00 | -1,769,000.00 | -4,958,000.00 | -13,354,000.00 | -9,721,000.00 |
| Net Issuance/Repayment of Debt | 12,350,000.00 | 4,497,000.00 | 14,821,000.00 | 9,079,000.00 | 23,016,000.00 |
| Net Issuance/Repurchase of Equity | 745,000.00 | 12,000.00 | 0 | 0 | 0 |
| Dividends Paid | 6,147,000.00 | -6,040,000.00 | 5,948,000.00 | 5,869,000.00 | 5,797,000.00 |
| Other Financing Activities | -26,321,000.00 | -238,000.00 | -25,727,000.00 | -28,302,000.00 | -38,534,000.00 |
| Net Change in Cash | 1,071,000.00 | 5,092,000.00 | 1,032,000.00 | -6,718,000.00 | 5,361,000.00 |
| Cash at Beginning of Period | 13,089,000.00 | 7,988,000.00 | 6,956,000.00 | 13,675,000.00 | 8,314,000.00 |
| Cash at End of Period | 14,160,000.00 | 13,089,000.00 | 7,988,000.00 | 6,957,000.00 | 13,675,000.00 |
| Free Cash Flow | 0 | 12,121,000.00 | 0 | 0 | 0 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | 146,312,000.00 | 148,585,000.00 | 145,667,000.00 | 137,175,000.00 | 134,339,000.00 | 133,848,000.00 | 137,169,000.00 | 129,321,000.00 | 132,213,000.00 | 133,637,000.00 | 127,243,000.00 | 125,850,000.00 | 127,503,000.00 | 133,275,000.00 | 132,001,000.00 | 144,214,000.00 | 146,814,000.00 | 148,629,000.00 | 155,971,000.00 |
| Current Assets | 32,740,000.00 | 34,253,000.00 | 35,336,000.00 | 34,482,000.00 | 30,543,000.00 | 33,299,000.00 | 36,663,000.00 | 27,705,000.00 | 34,458,000.00 | 35,982,000.00 | 29,118,000.00 | 28,999,000.00 | 27,896,000.00 | 31,330,000.00 | 29,539,000.00 | 29,967,000.00 | 30,774,000.00 | 34,038,000.00 | 39,165,000.00 |
| Cash and Short-Term Investments | 11,569,000.00 | 11,943,000.00 | 11,035,000.00 | 13,947,000.00 | 13,197,000.00 | 12,210,000.00 | 14,603,000.00 | 7,257,000.00 | 9,394,000.00 | 9,337,000.00 | 7,886,000.00 | 7,816,000.00 | 7,034,000.00 | 9,934,000.00 | 6,650,000.00 | 7,455,000.00 | 7,350,000.00 | 11,131,000.00 | 13,812,000.00 |
| Cash and Cash Equivalents | 11,569,000.00 | 11,943,000.00 | 11,035,000.00 | 13,947,000.00 | 13,197,000.00 | 12,210,000.00 | 14,603,000.00 | 7,257,000.00 | 9,394,000.00 | 9,337,000.00 | 7,886,000.00 | 7,816,000.00 | 7,034,000.00 | 9,934,000.00 | 6,650,000.00 | 7,455,000.00 | 7,350,000.00 | 10,531,000.00 | 13,212,000.00 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 600,000.00 | 600,000.00 |
| Net Receivables | 6,706,000.00 | 7,161,000.00 | 6,754,000.00 | 7,751,000.00 | 6,318,000.00 | 6,526,000.00 | 6,801,000.00 | 6,172,000.00 | 6,511,000.00 | 12,626,000.00 | 14,209,000.00 | 6,428,000.00 | 6,776,000.00 | 13,725,000.00 | 14,977,000.00 | 14,669,000.00 | 15,823,000.00 | 16,067,000.00 | 18,738,000.00 |
| Inventory | 1,711,000.00 | 1,439,000.00 | 1,634,000.00 | 1,289,000.00 | 1,536,000.00 | 1,375,000.00 | 1,343,000.00 | 1,558,000.00 | 1,675,000.00 | 1,802,000.00 | 1,552,000.00 | 2,003,000.00 | 1,868,000.00 | 2,045,000.00 | 1,649,000.00 | 2,178,000.00 | 2,020,000.00 | 2,062,000.00 | 1,839,000.00 |
| Other Current Assets | 12,754,000.00 | 13,710,000.00 | 15,913,000.00 | 11,495,000.00 | 9,492,000.00 | 13,188,000.00 | 13,916,000.00 | 12,718,000.00 | 16,878,000.00 | 12,217,000.00 | 5,471,000.00 | 12,752,000.00 | 12,218,000.00 | 5,626,000.00 | 6,263,000.00 | 5,665,000.00 | 5,581,000.00 | 4,778,000.00 | 4,776,000.00 |
| Non-Current Assets | 113,572,000.00 | 114,332,000.00 | 110,331,000.00 | 102,693,000.00 | 103,796,000.00 | 100,549,000.00 | 100,506,000.00 | 101,616,000.00 | 97,755,000.00 | 97,655,000.00 | 98,125,000.00 | 96,851,000.00 | 99,607,000.00 | 101,945,000.00 | 102,462,000.00 | 114,247,000.00 | 116,040,000.00 | 114,591,000.00 | 116,806,000.00 |
| Property, Plant, Equipment Net | 9,074,000.00 | 9,258,000.00 | 9,065,000.00 | 8,928,000.00 | 8,969,000.00 | 8,730,000.00 | 8,798,000.00 | 21,329,000.00 | 21,241,000.00 | 21,550,000.00 | 21,573,000.00 | 21,415,000.00 | 21,927,000.00 | 43,121,000.00 | 43,391,000.00 | 36,602,000.00 | 36,962,000.00 | 36,752,000.00 | 37,862,000.00 |
| Goodwill | 67,396,000.00 | 67,506,000.00 | 66,065,000.00 | 60,706,000.00 | 61,092,000.00 | 59,416,000.00 | 59,534,000.00 | 59,596,000.00 | 56,385,000.00 | 56,193,000.00 | 55,949,000.00 | 54,218,000.00 | 55,039,000.00 | 56,106,000.00 | 55,643,000.00 | 61,378,000.00 | 61,645,000.00 | 59,984,000.00 | 59,617,000.00 |
| Intangible Assets | 11,729,000.00 | 12,253,000.00 | 12,392,000.00 | 10,660,000.00 | 11,090,000.00 | 10,251,000.00 | 10,750,000.00 | 11,278,000.00 | 10,496,000.00 | 10,905,000.00 | 11,184,000.00 | 10,967,000.00 | 11,571,000.00 | 12,312,000.00 | 12,511,000.00 | 13,025,000.00 | 13,539,000.00 | 13,535,000.00 | 13,796,000.00 |
| Long-Term Investments | 6,258,000.00 | 6,171,000.00 | 4,920,000.00 | 5,353,000.00 | 4,931,000.00 | 5,483,000.00 | 4,927,000.00 | 4,789,000.00 | 5,221,000.00 | 5,065,000.00 | 5,806,000.00 | 4,781,000.00 | 5,316,000.00 | 4,610,000.00 | 5,425,000.00 | 5,046,000.00 | 5,674,000.00 | 5,922,000.00 | 7,086,000.00 |
| Non-Current Deferred Assets | 8,505,000.00 | 8,475,000.00 | 7,594,000.00 | 6,978,000.00 | 6,943,000.00 | 6,378,000.00 | 6,465,000.00 | 6,168,000.00 | 6,340,000.00 | 6,419,000.00 | 6,256,000.00 | 6,868,000.00 | 7,073,000.00 | 7,567,000.00 | 7,370,000.00 | 8,967,000.00 | 8,954,000.00 | 8,953,000.00 | 9,241,000.00 |
| Other Non-Current Assets | 10,610,000.00 | 10,669,000.00 | 10,295,000.00 | 10,068,000.00 | 10,771,000.00 | 10,291,000.00 | 10,032,000.00 | -1,544,000.00 | -1,928,000.00 | -2,477,000.00 | -2,643,000.00 | -1,398,000.00 | -1,319,000.00 | -21,771,000.00 | -21,878,000.00 | -10,771,000.00 | -10,734,000.00 | -10,555,000.00 | -10,796,000.00 |
| Liabilities | 118,322,000.00 | 120,998,000.00 | 118,714,000.00 | 109,783,000.00 | 109,809,000.00 | 109,745,000.00 | 113,836,000.00 | 106,165,000.00 | 109,942,000.00 | 111,964,000.00 | 105,222,000.00 | 105,703,000.00 | 108,026,000.00 | 114,162,000.00 | 113,005,000.00 | 121,858,000.00 | 124,747,000.00 | 127,116,000.00 | 135,244,000.00 |
| Current Liabilities | 35,142,000.00 | 37,726,000.00 | 35,106,000.00 | 33,142,000.00 | 28,853,000.00 | 29,648,000.00 | 32,397,000.00 | 30,606,000.00 | 32,513,000.00 | 30,993,000.00 | 31,505,000.00 | 30,466,000.00 | 31,844,000.00 | 34,056,000.00 | 33,619,000.00 | 35,832,000.00 | 36,616,000.00 | 36,542,000.00 | 39,869,000.00 |
| Payables and Expenses | 7,375,000.00 | 7,327,000.00 | 7,238,000.00 | 7,637,000.00 | 6,524,000.00 | 6,756,000.00 | 6,778,000.00 | 6,599,000.00 | 6,917,000.00 | 6,500,000.00 | 7,532,000.00 | 7,175,000.00 | 7,034,000.00 | 6,390,000.00 | 7,159,000.00 | 8,028,000.00 | 8,060,000.00 | 7,396,000.00 | 8,348,000.00 |
| Account Payables | 3,867,000.00 | 3,974,000.00 | 3,585,000.00 | 4,032,000.00 | 3,274,000.00 | 3,631,000.00 | 3,588,000.00 | 3,342,000.00 | 3,732,000.00 | 3,728,000.00 | 4,051,000.00 | 3,806,000.00 | 3,707,000.00 | 3,453,000.00 | 3,955,000.00 | 4,248,000.00 | 4,214,000.00 | 4,140,000.00 | 4,908,000.00 |
| Current Accrued Liabilities | 3,508,000.00 | 3,353,000.00 | 3,653,000.00 | 3,605,000.00 | 3,250,000.00 | 3,125,000.00 | 3,190,000.00 | 3,257,000.00 | 3,185,000.00 | 2,772,000.00 | 3,481,000.00 | 3,369,000.00 | 3,327,000.00 | 2,937,000.00 | 3,204,000.00 | 3,780,000.00 | 3,846,000.00 | 3,256,000.00 | 3,440,000.00 |
| Short-Term Debt | 8,749,000.00 | 9,765,000.00 | 7,711,000.00 | 5,857,000.00 | 4,389,000.00 | 4,364,000.00 | 6,255,000.00 | 7,221,000.00 | 7,627,000.00 | 5,756,000.00 | 5,634,000.00 | 6,781,000.00 | 6,865,000.00 | 8,644,000.00 | 7,761,000.00 | 8,860,000.00 | 7,776,000.00 | 6,535,000.00 | 8,540,000.00 |
| Other Current Liabilities | 19,018,000.00 | 20,634,000.00 | 20,157,000.00 | 19,648,000.00 | 17,940,000.00 | 18,528,000.00 | 19,364,000.00 | 16,786,000.00 | 17,969,000.00 | 18,737,000.00 | 18,339,000.00 | 16,510,000.00 | 17,945,000.00 | 19,022,000.00 | 18,699,000.00 | 18,944,000.00 | 20,780,000.00 | 22,611,000.00 | 22,981,000.00 |
| Non-Current Liabilities | 83,180,000.00 | 83,272,000.00 | 83,608,000.00 | 76,641,000.00 | 80,956,000.00 | 80,097,000.00 | 81,439,000.00 | 75,559,000.00 | 77,429,000.00 | 80,971,000.00 | 73,717,000.00 | 75,237,000.00 | 76,182,000.00 | 80,106,000.00 | 79,386,000.00 | 86,026,000.00 | 88,131,000.00 | 90,574,000.00 | 95,375,000.00 |
| Long-Term Debt | 57,820,000.00 | 57,954,000.00 | 59,124,000.00 | 52,539,000.00 | 55,737,000.00 | 55,475,000.00 | 56,616,000.00 | 51,304,000.00 | 52,677,000.00 | 55,920,000.00 | 48,379,000.00 | 47,045,000.00 | 46,510,000.00 | 48,903,000.00 | 47,379,000.00 | 50,118,000.00 | 52,013,000.00 | 54,585,000.00 | 57,929,000.00 |
| Other Non-Current Liabilities | 25,360,000.00 | 25,318,000.00 | 24,484,000.00 | 24,102,000.00 | 25,219,000.00 | 24,622,000.00 | 24,823,000.00 | 24,255,000.00 | 24,752,000.00 | 25,051,000.00 | 25,338,000.00 | 28,192,000.00 | 29,672,000.00 | 31,203,000.00 | 32,007,000.00 | 35,908,000.00 | 36,118,000.00 | 35,989,000.00 | 37,446,000.00 |
| Equity | 27,990,000.00 | 27,587,000.00 | 26,953,000.00 | 27,392,000.00 | 24,530,000.00 | 24,103,000.00 | 23,333,000.00 | 23,156,000.00 | 22,271,000.00 | 21,673,000.00 | 22,021,000.00 | 20,147,000.00 | 19,477,000.00 | 19,113,000.00 | 18,996,000.00 | 22,356,000.00 | 22,067,000.00 | 21,513,000.00 | 20,727,000.00 |
| Shareholders Equity | 27,905,000.00 | 27,509,000.00 | 26,880,000.00 | 27,307,000.00 | 24,448,000.00 | 24,026,000.00 | 23,261,000.00 | 23,081,000.00 | 22,201,000.00 | 21,604,000.00 | 21,944,000.00 | 20,076,000.00 | 19,409,000.00 | 19,050,000.00 | 18,901,000.00 | 22,228,000.00 | 21,942,000.00 | 21,389,000.00 | 20,597,000.00 |
| Capital Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Premium | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 151,581,000.00 | 151,367,000.00 | 150,703,000.00 | 151,163,000.00 | 149,789,000.00 | 151,659,000.00 | 151,362,000.00 | 149,506,000.00 | 149,318,000.00 | 149,253,000.00 | 149,825,000.00 | 148,611,000.00 | 153,298,000.00 | 153,401,000.00 | 154,209,000.00 | 161,747,000.00 | 162,086,000.00 | 162,218,000.00 | 162,717,000.00 |
| Treasury Shares | 170,512,000.00 | 170,209,000.00 | 170,160,000.00 | 169,968,000.00 | 169,935,000.00 | 169,815,000.00 | 169,759,000.00 | 169,640,000.00 | 169,581,000.00 | 169,544,000.00 | 169,484,000.00 | 169,514,000.00 | 169,522,000.00 | 169,422,000.00 | 169,392,000.00 | 169,406,000.00 | 169,404,000.00 | 169,360,000.00 | 169,339,000.00 |
| Accumulated Other Comprehensive Income | -15,983,000.00 | -16,041,000.00 | -15,575,000.00 | -15,269,000.00 | -16,418,000.00 | -18,319,000.00 | -18,488,000.00 | -16,098,000.00 | -16,499,000.00 | -16,780,000.00 | -16,740,000.00 | -17,138,000.00 | -22,169,000.00 | -22,532,000.00 | -23,234,000.00 | -27,302,000.00 | -27,652,000.00 | -28,257,000.00 | -29,337,000.00 |
| Minority Interest | 85,000.00 | 79,000.00 | 72,000.00 | 86,000.00 | 82,000.00 | 77,000.00 | 72,000.00 | 75,000.00 | 70,000.00 | 68,000.00 | 77,000.00 | 71,000.00 | 67,000.00 | 62,000.00 | 95,000.00 | 129,000.00 | 125,000.00 | 124,000.00 | 129,000.00 |
| Investments | 6,258,000.00 | 6,171,000.00 | 4,920,000.00 | 5,353,000.00 | 4,931,000.00 | 5,483,000.00 | 4,927,000.00 | 4,789,000.00 | 5,221,000.00 | 5,065,000.00 | 5,806,000.00 | 4,781,000.00 | 5,316,000.00 | 4,610,000.00 | 5,425,000.00 | 5,046,000.00 | 5,674,000.00 | 6,522,000.00 | 7,686,000.00 |
| Debt | 66,569,000.00 | 67,719,000.00 | 66,835,000.00 | 58,396,000.00 | 60,126,000.00 | 59,839,000.00 | 62,871,000.00 | 58,525,000.00 | 60,304,000.00 | 61,676,000.00 | 54,013,000.00 | 53,826,000.00 | 53,375,000.00 | 57,547,000.00 | 55,140,000.00 | 58,978,000.00 | 59,789,000.00 | 61,120,000.00 | 66,469,000.00 |
| Net Debt | 55,000,000.00 | 55,776,000.00 | 55,800,000.00 | 44,449,000.00 | 46,929,000.00 | 47,629,000.00 | 48,268,000.00 | 51,268,000.00 | 50,910,000.00 | 52,339,000.00 | 46,127,000.00 | 46,010,000.00 | 46,341,000.00 | 47,613,000.00 | 48,490,000.00 | 51,523,000.00 | 52,439,000.00 | 49,989,000.00 | 52,657,000.00 |
| Common Shares Outstanding | 934,735.21 | 931,519.24 | 929,396.57 | 926,290.07 | 924,645.15 | 921,148.19 | 918,602.67 | 913,118.58 | 911,006.24 | 908,045.41 | 906,091.98 | 904,126.36 | 903,180.35 | 899,435.32 | 898,068.60 | 896,800.35 | 896,320.07 | 893,522.83 | 892,653.42 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | 47,849,000.00 | 31,519,000.00 | 14,541,000.00 | -27,139,000.00 | 45,199,000.00 | 30,231,000.00 | 14,462,000.00 | 44,479,000.00 | 29,727,000.00 | 14,252,000.00 | -27,239,000.00 | 43,840,000.00 | 29,732,000.00 | 14,197,000.00 | -60,207,000.00 | 58,678,000.00 | 39,615,000.00 | 19,264,000.00 |
| Cost Of Revenue | 20,480,000.00 | 13,511,000.00 | 6,510,000.00 | -13,144,000.00 | 20,087,000.00 | 13,539,000.00 | 6,720,000.00 | 20,446,000.00 | 13,717,000.00 | 6,743,000.00 | -13,911,000.00 | 20,785,000.00 | 14,107,000.00 | 6,862,000.00 | -40,902,000.00 | 33,299,000.00 | 22,407,000.00 | 11,060,000.00 |
| Gross Profit | 27,369,000.00 | 18,008,000.00 | 8,031,000.00 | -13,995,000.00 | 25,112,000.00 | 16,692,000.00 | 7,742,000.00 | 24,033,000.00 | 16,010,000.00 | 7,509,000.00 | -13,328,000.00 | 23,055,000.00 | 15,625,000.00 | 7,335,000.00 | -19,305,000.00 | 25,379,000.00 | 17,208,000.00 | 8,204,000.00 |
| Selling, General and Administrative Expenses | 14,660,000.00 | 9,911,000.00 | 4,883,000.00 | -10,014,000.00 | 14,813,000.00 | 9,902,000.00 | 4,971,000.00 | 28,417,000.00 | 19,498,000.00 | 9,696,000.00 | -37,159,000.00 | 27,658,000.00 | 18,884,000.00 | 9,188,000.00 | -12,359,000.00 | 15,400,000.00 | 10,539,000.00 | 5,189,000.00 |
| Research and Development Expenses | 6,129,000.00 | 4,047,000.00 | 1,950,000.00 | -3,466,000.00 | 5,512,000.00 | 3,637,000.00 | 1,796,000.00 | 5,027,000.00 | 3,342,000.00 | 1,655,000.00 | -3,427,000.00 | 4,963,000.00 | 3,352,000.00 | 1,679,000.00 | -3,335,000.00 | 4,907,000.00 | 3,286,000.00 | 1,630,000.00 |
| Interest Expense | 2,011,000.00 | 1,323,000.00 | 641,000.00 | -886,000.00 | 1,312,000.00 | 876,000.00 | 441,000.00 | 2,461,000.00 | 1,622,000.00 | 755,000.00 | -2,118,000.00 | 1,870,000.00 | 1,257,000.00 | 643,000.00 | -311,000.00 | 900,000.00 | 593,000.00 | 296,000.00 |
| EBT | 27,313,000.00 | 17,208,000.00 | 6,606,000.00 | -7,288,000.00 | 20,235,000.00 | 14,609,000.00 | 5,737,000.00 | 18,464,000.00 | 11,794,000.00 | 4,632,000.00 | -3,445,000.00 | 10,205,000.00 | 10,611,000.00 | 3,955,000.00 | -13,471,000.00 | 18,182,000.00 | 11,806,000.00 | 4,813,000.00 |
| Income Tax | 1,193,000.00 | 507,000.00 | 103,000.00 | -993,000.00 | 597,000.00 | 112,000.00 | 502,000.00 | 691,000.00 | 582,000.00 | 157,000.00 | -172,000.00 | 1,068,000.00 | 215,000.00 | 37,000.00 | -313,000.00 | 294,000.00 | 114,000.00 | 93,000.00 |
| Net Income | 4,993,000.00 | 3,249,000.00 | 1,055,000.00 | -2,130,000.00 | 3,109,000.00 | 3,439,000.00 | 1,605,000.00 | 4,214,000.00 | 2,511,000.00 | 927,000.00 | -1,269,000.00 | 50,000.00 | 2,125,000.00 | 733,000.00 | -902,000.00 | 3,410,000.00 | 2,280,000.00 | 955,000.00 |
| EBIT | 29,324,000.00 | 18,531,000.00 | 7,247,000.00 | -8,174,000.00 | 21,547,000.00 | 15,485,000.00 | 6,178,000.00 | 20,925,000.00 | 13,416,000.00 | 5,387,000.00 | -5,563,000.00 | 12,075,000.00 | 11,868,000.00 | 4,598,000.00 | -13,782,000.00 | 19,082,000.00 | 12,399,000.00 | 5,109,000.00 |
| Deprecation and Amortization | 3,725,000.00 | 2,442,000.00 | 1,177,000.00 | -2,304,000.00 | 3,554,000.00 | 2,286,000.00 | 1,131,000.00 | 3,244,000.00 | 2,151,000.00 | 1,074,000.00 | -1,370,000.00 | 3,665,000.00 | 1,251,000.00 | 1,256,000.00 | -3,643,000.00 | 5,036,000.00 | 3,352,000.00 | 1,672,000.00 |
| EBITDA | 33,049,000.00 | 20,973,000.00 | 8,424,000.00 | -10,478,000.00 | 25,101,000.00 | 17,771,000.00 | 7,309,000.00 | 24,169,000.00 | 15,567,000.00 | 6,461,000.00 | -6,933,000.00 | 15,740,000.00 | 13,119,000.00 | 5,854,000.00 | -17,425,000.00 | 24,118,000.00 | 15,751,000.00 | 6,781,000.00 |
| EPS | 0.01 | 0.00 | 0.00 | -0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.00 | -0.00 | 0.00 | 0.00 | -0.00 | 0.00 | 0.00 | 0.00 |
| Diluted EPS | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Average Shares Outstanding Basic | 930,900.00 | 929,400.00 | 928,000.00 | 930,871.34 | 920,300.00 | 918,700.00 | 917,200.00 | 910,100.00 | 908,700.00 | 907,500.00 | 909,356.76 | 901,600.00 | 900,400.00 | 899,300.00 | 900,763.08 | 895,300.00 | 894,300.00 | 893,600.00 |
| Average Shares Outstanding Diluted | 947,400.00 | 946,700.00 | 945,400.00 | 945,944.90 | 935,400.00 | 933,900.00 | 933,400.00 | 920,300.00 | 918,600.00 | 917,800.00 | 928,276.25 | 901,600.00 | 910,000.00 | 909,200.00 | 909,864.00 | 904,000.00 | 903,000.00 | 901,700.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 9,153,000.00 | 6,071,000.00 | 4,370,000.00 | -6,072,000.00 | 9,115,000.00 | 6,234,000.00 | 4,168,000.00 | 9,468,000.00 | 6,412,000.00 | 3,774,000.00 | -3,852,000.00 | 6,470,000.00 | 4,569,000.00 | 3,248,000.00 | -9,909,000.00 | 10,252,000.00 | 7,539,000.00 | 4,914,000.00 |
| Operating Net Income | 4,993,000.00 | 3,249,000.00 | 1,055,000.00 | -2,130,000.00 | 3,109,000.00 | 3,439,000.00 | 1,605,000.00 | 4,214,000.00 | 2,511,000.00 | 927,000.00 | -148,000.00 | -1,071,000.00 | 2,125,000.00 | 733,000.00 | -902,000.00 | 3,410,000.00 | 2,280,000.00 | 955,000.00 |
| Deprecation and Amortization | 3,725,000.00 | 2,442,000.00 | 1,177,000.00 | -2,304,000.00 | 3,554,000.00 | 2,286,000.00 | 1,131,000.00 | 3,244,000.00 | 2,151,000.00 | 1,074,000.00 | -1,370,000.00 | 3,665,000.00 | 1,251,000.00 | 1,256,000.00 | -3,643,000.00 | 5,036,000.00 | 3,352,000.00 | 1,672,000.00 |
| Deferred Income Tax | 0 | 0 | 0 | -2,330,000.00 | 0 | 0 | 0 | 0 | 0 | 0 | -2,726,000.00 | 0 | 0 | 0 | -2,001,000.00 | 0 | 0 | 0 |
| Share Based Compensation | 1,285,000.00 | 842,000.00 | 401,000.00 | -611,000.00 | 966,000.00 | 636,000.00 | 320,000.00 | 843,000.00 | 556,000.00 | 268,000.00 | -474,000.00 | 739,000.00 | 488,000.00 | 234,000.00 | -407,000.00 | 719,000.00 | 457,000.00 | 213,000.00 |
| Change in Working Capital | 804,000.00 | 421,000.00 | -1,759,000.00 | -164,000.00 | 607,000.00 | -152,000.00 | -1,365,000.00 | -1,257,000.00 | -1,308,000.00 | -1,559,000.00 | -1,269,000.00 | 2,695,000.00 | 446,000.00 | -1,076,000.00 | 4,144,000.00 | -1,238,000.00 | -1,594,000.00 | -2,066,000.00 |
| Other Operating Activities | -1,654,000.00 | -883,000.00 | 3,496,000.00 | 1,467,000.00 | 879,000.00 | 25,000.00 | 2,477,000.00 | 2,424,000.00 | 2,502,000.00 | 3,064,000.00 | 2,135,000.00 | 442,000.00 | 259,000.00 | 2,101,000.00 | -7,100,000.00 | 2,325,000.00 | 3,044,000.00 | 4,140,000.00 |
| Investing Cash Flow | -11,719,000.00 | -11,281,000.00 | -12,979,000.00 | 4,802,000.00 | -3,558,000.00 | -1,971,000.00 | -4,210,000.00 | -9,906,000.00 | -7,953,000.00 | -7,960,000.00 | 1,225,000.00 | -2,883,000.00 | -1,186,000.00 | -1,358,000.00 | 5,996,000.00 | -5,300,000.00 | -4,671,000.00 | -2,000,000.00 |
| Capital Expenditure | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Purchase/Sale of PPE | 827,000.00 | 565,000.00 | 318,000.00 | -443,000.00 | 1,281,000.00 | 516,000.00 | 251,000.00 | 1,082,000.00 | 689,000.00 | 311,000.00 | -641,000.00 | 1,035,000.00 | 710,000.00 | 353,000.00 | -1,377,000.00 | 1,924,000.00 | 1,269,000.00 | 633,000.00 |
| Net Purchase/Sale of Investments Net | 15,072,000.00 | 12,702,000.00 | 7,413,000.00 | -12,797,000.00 | 12,192,000.00 | 9,513,000.00 | 5,398,000.00 | 17,016,000.00 | 11,860,000.00 | 9,581,000.00 | -2,288,000.00 | 7,129,000.00 | 4,047,000.00 | 1,707,000.00 | -2,774,000.00 | 4,856,000.00 | 3,202,000.00 | 1,424,000.00 |
| Net Purchase/Sale of Business | 7,902,000.00 | 7,844,000.00 | 7,097,000.00 | -1,189,000.00 | 3,453,000.00 | 938,000.00 | 785,000.00 | 4,941,000.00 | 362,000.00 | 22,000.00 | -1,656,000.00 | 2,291,000.00 | 2,226,000.00 | 759,000.00 | -3,583,000.00 | 3,044,000.00 | 2,841,000.00 | 1,105,000.00 |
| Other Investing Activities | -35,520,000.00 | -32,392,000.00 | -27,807,000.00 | 19,231,000.00 | -20,484,000.00 | -12,938,000.00 | -10,644,000.00 | -32,945,000.00 | -20,864,000.00 | -17,874,000.00 | 5,810,000.00 | -13,338,000.00 | -8,169,000.00 | -4,177,000.00 | 13,730,000.00 | -15,124,000.00 | -11,983,000.00 | -5,162,000.00 |
| Financing Cash Flow | -423,000.00 | 2,589,000.00 | 5,443,000.00 | -915,000.00 | -5,403,000.00 | -2,638,000.00 | 1,877,000.00 | -154,000.00 | 2,978,000.00 | 5,708,000.00 | -1,410,000.00 | -2,106,000.00 | -2,819,000.00 | 1,377,000.00 | 12,005,000.00 | -10,662,000.00 | -8,914,000.00 | -5,783,000.00 |
| Net Issuance/Repayment of Debt | 12,041,000.00 | 10,921,000.00 | 9,606,000.00 | -18,377,000.00 | 12,205,000.00 | 10,929,000.00 | 7,593,000.00 | 14,565,000.00 | 12,689,000.00 | 11,554,000.00 | -12,200,000.00 | 13,464,000.00 | 8,352,000.00 | 5,205,000.00 | -9,848,000.00 | 8,555,000.00 | 6,149,000.00 | 4,223,000.00 |
| Net Issuance/Repurchase of Equity | 535,000.00 | 401,000.00 | 216,000.00 | 745,000.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 4,681,000.00 | 3,112,000.00 | 1,549,000.00 | -3,034,000.00 | 4,601,000.00 | 3,058,000.00 | 1,522,000.00 | 4,522,000.00 | 3,007,000.00 | 1,497,000.00 | -2,944,000.00 | 4,454,000.00 | 2,963,000.00 | 1,475,000.00 | -2,907,000.00 | 4,395,000.00 | 2,924,000.00 | 1,457,000.00 |
| Other Financing Activities | -17,680,000.00 | -11,845,000.00 | -5,928,000.00 | 19,751,000.00 | -22,209,000.00 | -16,625,000.00 | -7,238,000.00 | -19,241,000.00 | -12,718,000.00 | -7,343,000.00 | 13,734,000.00 | -20,024,000.00 | -14,134,000.00 | -5,303,000.00 | 24,760,000.00 | -23,612,000.00 | -17,987,000.00 | -11,463,000.00 |
| Net Change in Cash | -2,561,000.00 | -2,134,000.00 | -2,999,000.00 | -2,119,000.00 | 125,000.00 | 1,389,000.00 | 1,676,000.00 | -713,000.00 | 1,436,000.00 | 1,547,000.00 | -3,546,000.00 | 1,018,000.00 | 297,000.00 | 3,263,000.00 | 8,262,000.00 | -5,868,000.00 | -6,110,000.00 | -3,002,000.00 |
| Cash at Beginning of Period | 14,161,000.00 | 14,160,000.00 | 14,160,000.00 | 16,279,000.00 | 13,089,000.00 | 13,089,000.00 | 13,089,000.00 | 7,988,000.00 | 7,989,000.00 | 7,988,000.00 | 11,534,000.00 | 6,957,000.00 | 6,957,000.00 | 6,956,000.00 | -1,305,000.00 | 13,674,000.00 | 13,675,000.00 | 13,675,000.00 |
| Cash at End of Period | 11,600,000.00 | 12,026,000.00 | 11,161,000.00 | 14,160,000.00 | 13,214,000.00 | 14,478,000.00 | 14,765,000.00 | 7,275,000.00 | 9,425,000.00 | 9,535,000.00 | 7,988,000.00 | 7,975,000.00 | 7,254,000.00 | 10,219,000.00 | 6,957,000.00 | 7,806,000.00 | 7,565,000.00 | 10,673,000.00 |
| Free Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |