Clearfield, Inc
(NASDAQ:CLFD)

Clearfield, Inc. manufactures, markets, and sells standard and custom passive connectivity products to the fiber-to-the-premises, enterprises, and original equipment manufacturers markets in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxe...

Website: http://www.seeclearfield.com

Founded: 2008

Full Time Employees: 230

Sector: Technology

Industry: Communication Equipment

Technology

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At a glance:

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Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	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	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-09-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2002-09-30

net sales	34,391,000	29,698,000	17,587,000	49,903,000	47,168,000	34,230,000	46,772,000	48,793,000	36,910,000	85,942,000	49,685,000	61,284,000	71,809,000	51,109,000	95,029,000	71,250,000	53,495,000	27,092,000	45,235,962	38,735,356	29,691,934	27,092,147	27,317,969	25,970,045	20,408,509	20,089,150	23,968,423	21,892,244	19,084,365	20,089,150	22,472,985	21,480,590	16,830,895	16,866,884	18,418,389	19,611,297	17,651,771	18,266,162	21,052,104	21,598,720	16,947,187	15,689,715	15,770,602	18,195,911	12,370,784	13,986,620	14,320,881	14,362,934	13,213,855	16,147,622
yoy	-27.09%	-13.24%	-62.40%	2.27%	27.79%	-60.17%	-5.86%	-20.38%	-48.60%	68.15%	-47.72%	-13.99%	34.23%	88.65%	110.07%	83.94%	80.17%	-0.00%	65.59%	49.15%	45.49%	34.86%	13.97%	18.63%	6.94%	0.00%	6.65%	1.92%	13.39%	19.10%	22.01%	9.53%	-4.65%	-7.66%	-12.51%	-9.20%	4.16%	16.42%	33.49%	18.70%	36.99%	12.18%	10.12%	26.69%	-6.38%	-13.38%
qoq	15.80%	68.86%	-64.76%	5.80%	37.80%	-26.82%	-4.14%	32.19%	-57.05%	72.97%	-18.93%	-14.66%	40.50%	-46.22%	33.37%	33.19%	97.46%	-40.11%	16.78%	30.46%	9.60%	-0.83%	5.19%	27.25%	1.59%	-16.18%	9.48%	14.71%	-5.00%	-10.61%	4.62%	27.63%	-0.21%	-8.42%	-6.08%	11.10%	-3.36%	-13.23%	-2.53%	27.45%	8.01%	-0.51%	-13.33%	47.09%	-11.55%	-2.33%	-0.29%	8.70%	-18.17%
cost of sales	23,230,000	21,023,000	4,657,000	34,669,000	32,976,000	29,533,000	36,104,000	38,101,000	34,078,000	55,293,000	37,691,000	42,210,000	48,246,000	28,137,000	57,525,000	41,943,000	30,331,000	15,723,000	25,506,676	21,597,574	16,750,354	15,722,902	16,072,909	15,179,875	12,257,076	12,142,452	14,663,868	13,479,617	12,059,122	12,142,452	13,856,487	12,988,545	10,051,061	9,758,477	10,742,914	11,674,047	10,208,957	11,057,442	11,479,298	12,258,523	9,666,738	9,012,919	9,195,340	10,399,171	7,617,347	8,244,106	8,423,776	8,319,481	7,493,292	9,209,977	10,817,711	7,905,646	6,299,043	6,341,102	6,187,674	6,236,984	4,392,668	5,370,919	6,221,719	5,805,914	4,225,825	4,280,716	4,821,875	4,174,998	2,991,390	3,240,959	4,264,713	4,475,573	3,414,452				3,458,236	3,695,930	2,893,124	3,354,859	3,165,297	2,787,453	718,944
gross profit	11,161,000	8,675,000	12,930,000	15,234,000	14,192,000	4,697,000	10,668,000	10,692,000	2,832,000	30,649,000	11,994,000	19,074,000	23,563,000	22,972,000	37,504,000	29,307,000	23,164,000	11,369,000	19,729,286	17,137,782	12,941,580	11,369,245	11,245,060	10,790,170	8,151,433	7,946,698	9,304,555	8,412,627	7,025,243	7,946,698	8,616,498	8,492,045	6,779,834	7,108,407	7,675,475	7,937,250	7,442,814	7,208,720	9,572,806	9,340,197	7,280,449	6,676,796	6,575,262	7,796,740	4,753,437	5,742,514	5,897,105	6,043,453	5,720,563	6,937,645	8,220,870	5,629,123	4,215,325	3,924,260	4,215,239	4,556,771	2,719,429	3,794,282	4,479,915	4,318,751	2,893,739	2,965,953	3,099,254	2,603,195	1,733,376	1,701,708	2,354,194	2,684,466	1,818,152		898,558	1,224,613	1,359,577	1,329,987	863,591	1,024,333	904,070	725,110
yoy	-21.36%	84.69%	21.20%	42.48%	401.13%	-84.67%	-11.06%	-43.94%	-87.98%	33.42%	-68.02%	-34.92%	1.72%	102.06%	90.09%	71.01%	78.99%	-0.00%	75.45%	58.83%	58.76%	43.07%	20.86%	28.26%	16.03%	0.00%	7.99%	-0.94%	3.62%	11.79%	12.26%	6.99%	-8.91%	-1.39%	-19.82%	-15.02%	2.23%	7.97%	45.59%	19.80%	53.16%	16.27%	11.50%	29.01%	-16.91%	-17.23%	-28.27%	7.36%	35.71%	76.79%	95.03%	23.53%	55.01%	3.43%	-5.91%	5.51%	-6.02%	27.93%	44.55%	65.90%	66.94%	74.29%	31.65%	-3.03%	-4.66%		162.00%	119.21%	33.73%		4.05%	19.55%	50.38%	83.42%
qoq	28.66%	-32.91%	-15.12%	7.34%	202.15%	-55.97%	-0.22%	277.54%	-90.76%	155.54%	-37.12%	-19.05%	2.57%	-38.75%	27.97%	26.52%	103.75%	-42.38%	15.12%	32.42%	13.83%	1.10%	4.22%	32.37%	2.58%	-14.59%	10.60%	19.75%	-11.60%	-7.77%	1.47%	25.25%	-4.62%	-7.39%	-3.30%	6.64%	3.25%	-24.70%	2.49%	28.29%	9.04%	1.54%	-15.67%	64.02%	-17.22%	-2.62%	-2.42%	5.64%	-17.54%	-15.61%	46.04%	33.54%	7.42%	-6.90%	-7.50%	67.56%	-28.33%	-15.30%	3.73%	49.24%	-2.43%	-4.30%	19.06%	50.18%	1.86%	-27.72%	-12.30%	47.65%			-26.63%	-9.93%	2.22%	54.01%	-15.69%	13.30%	24.68%
gross margin %	32.45%	29.21%	73.52%	30.53%	30.09%	13.72%	22.81%	21.91%	7.67%	35.66%	24.14%	31.12%	32.81%	44.95%	39.47%	41.13%	43.30%	41.96%	43.61%	44.24%	43.59%	41.97%	41.16%	41.55%	39.94%	39.56%	38.82%	38.43%	36.81%	39.56%	38.34%	39.53%	40.28%	42.14%	41.67%	40.47%	42.16%	39.46%	45.47%	43.24%	42.96%	42.56%	41.69%	42.85%	38.42%	41.06%	41.18%	42.08%	43.29%	42.96%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%		Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%
operating expenses
selling, general and administrative	13,230,000	10,721,000	8,596,000	13,738,000	13,930,000	12,859,000	13,681,000	12,998,000	12,573,000	12,759,000	10,278,000	13,449,000	11,508,000	9,923,000	15,253,000	12,721,000	11,233,000	7,656,000	10,362,218	9,435,877	8,490,120	7,655,537			7,431,261	6,775,875	7,126,376	6,870,994	6,727,744	6,775,875	4,964,230.5	6,087,362	7,305,589	6,463,971	4,698,598.75	6,614,693	6,162,178	6,017,524	6,426,237	5,878,352	5,136,952	4,697,015	4,555,533	4,845,764	4,289,304	4,125,997	4,225,453	4,185,157		3,865,019	4,407,560	3,832,889	3,265,883	3,038,511	2,867,453	2,774,253	2,572,375	2,773,114	3,082,316	3,076,388	2,368,299	2,459,319	2,267,208	1,992,576	1,864,722	1,889,615	1,991,493	2,142,074	1,689,950		1,644,457	1,624,576	1,696,482	1,713,003	1,577,079	2,035,215	1,677,031	1,470,408	397,824
income from continuing operations	-2,069,000
net investment income	1,365,000	1,744,000	1,629,000	1,588,000	1,589,000	2,069,000	1,819,000	1,735,000	1,849,000	303,000	1,878,000	1,630,000	1,395,000	120,000	44,000	43,000	121,000
income from continuing operations before income taxes	-704,000
income tax expense	-176,000	53,000	956,000	1,372,000	455,000		-492,000	-277,000	-2,083,000	3,695,000	568,000	1,842,000	2,974,000	2,780,000	4,992,000	3,884,000	2,816,000	684,000	2,062,881	1,725,000	935,000	684,000	785,884	763,000	190,000	296,000	511,437	454,000	99,000	296,000	791,405	766,000	-101,000	-203,000	344,974	593,000	433,000	367,000	281,000	1,221,032	744,000	630,000	679,238	1,023,000	200,000	573,000	647,978	709,000	714,000	1,110,000	1,339,171	671,001	427,000	366,000	38,669.25	64,436	41,490	48,751	-2,432,021	45,489	34,906	35,484	43,899	29,595	24,203	23,761	-2,471,565	37,119	26,743
income from continuing operations, net of tax	-528,000
loss from discontinued operations, net of tax		-1,551,000
net income	-528,000	-1,906,000	-9,078,000	1,606,000	1,327,000	-5,268,000	-827,000	-447,000	-5,911,000	14,255,000	2,696,000	5,218,000	10,364,000	10,389,000	16,992,000	12,745,000	9,236,000	3,163,000	7,426,044	6,098,113	3,639,784	3,163,439	3,049,443	2,994,568	747,897	1,009,960	1,887,727	1,300,527	367,942	1,009,960	1,881,533	1,755,232	-305,376	943,158	1,260,072	803,316	907,521	876,930	2,908,655	2,282,421	1,438,666	1,383,320	1,371,074	1,952,900	288,661	1,069,373	1,049,380	1,174,840	1,226,305	1,982,326	2,496,368	1,146,987	545,278	545,211	4,827,708	1,741,960	131,927	999,599	3,855,971	1,277,830	532,487	501,158	819,992	629,013	-108,370	-159,681	2,849,353	587,020	131,049		-1,205,491	-429,368	-400,433	-112,018	-118,428	-1,275,786	-1,063,628	-891,006
yoy	-139.79%	-63.82%	997.70%	-459.28%	-122.45%	-136.96%	-130.68%	-108.57%	-157.03%	37.21%	-84.13%	-59.06%	12.21%	228.45%	128.82%	109.00%	153.75%	-0.01%	143.52%	103.64%	386.67%	213.22%	61.54%	130.26%	103.26%	0.00%	0.33%	-25.91%	-220.49%	7.08%	49.32%	118.50%	-133.65%	7.55%	-56.68%	-64.80%	-36.92%	-36.61%	112.14%	16.87%	398.39%	29.36%	30.66%	66.23%	-76.46%	-46.05%	-57.96%	2.43%	124.90%	263.59%	-48.29%	-34.16%	313.32%	-45.46%	25.20%	36.32%	-75.22%	99.46%	370.24%	103.15%	-591.36%	-413.85%	-71.22%	7.15%	-182.69%		-336.36%	-236.72%	-132.73%		917.91%	-66.34%	-62.35%	-87.43%
qoq	-72.30%	-79.00%	-665.26%	21.02%	-125.19%	537.00%	85.01%	-92.44%	-141.47%	428.75%	-48.33%	-49.65%	-0.24%	-38.86%	33.32%	37.99%	192.00%	-57.41%	21.78%	67.54%	15.06%	3.74%	1.83%	300.40%	-25.95%	-46.50%	45.15%	253.46%	-63.57%	-46.32%	7.20%	-674.78%	-132.38%	-25.15%	56.86%	-11.48%	3.49%	-69.85%	27.44%	58.65%	4.00%	0.89%	-29.79%	576.54%	-73.01%	1.91%	-10.68%	-4.20%	-38.14%	-20.59%	117.65%	110.35%	0.01%	-88.71%	177.14%	1220.40%	-86.80%	-74.08%	201.76%	139.97%	6.25%	-38.88%	30.36%	-680.43%	-32.13%	-105.60%	385.39%	347.94%			180.76%	7.23%	257.47%	-5.41%	-90.72%	19.95%	19.37%
net income margin %	-1.54%	-6.42%	-51.62%	3.22%	2.81%	-15.39%	-1.77%	-0.92%	-16.01%	16.59%	5.43%	8.51%	14.43%	20.33%	17.88%	17.89%	17.27%	11.68%	16.42%	15.74%	12.26%	11.68%	11.16%	11.53%	3.66%	5.03%	7.88%	5.94%	1.93%	5.03%	8.37%	8.17%	-1.81%	5.59%	6.84%	4.10%	5.14%	4.80%	13.82%	10.57%	8.49%	8.82%	8.69%	10.73%	2.33%	7.65%	7.33%	8.18%	9.28%	12.28%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%		-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	NaN%
income per share
basic
continuing operations	-0.04	-0.02																																																																	0.24	0.05	0.01
discontinued operations		-0.11
basic income per share	-0.04
diluted
diluted income per share	-0.04
weighted-average shares outstanding:
basic	13,670,470	14,213,025	13,989,489	13,833,748	14,095,341	15,212,945	14,582,450	14,249,755	14,629,489	14,165,550	14,975,972	15,254,341	15,233,848	13,743,503	13,771,665	13,772,269	13,767,341	13,692,533	13,720,699	13,732,913	13,730,150	13,692,533	13,643,355	13,497,955	13,521,172	13,400,383	13,442,871	13,446,289	13,422,222	13,400,383		13,430,503	13,450,482	13,443,945		13,522,755	13,589,109	13,567,484		13,397,509	13,309,181	13,288,679		13,200,121	13,191,234	13,222,180		13,045,913	12,746,904	12,689,412		12,513,084	12,503,434	12,476,173		12,388,162	12,331,744	12,299,554		12,097,670	12,047,962	12,019,289		11,995,331	11,991,544
diluted	13,670,470	14,213,025	13,989,489	13,833,748	14,095,341	15,212,945	14,582,450	14,249,755	14,629,489	14,284,847	15,012,527	15,254,341	15,260,769	13,897,787	13,905,984	13,899,698	13,902,836	13,696,815	13,784,293	13,812,510	13,779,779	13,696,815	13,643,355	13,497,955	13,521,172	13,400,383	13,451,214	13,451,671	13,450,212	13,400,383		13,430,503	13,450,482	13,476,417		13,598,582	13,803,697	13,790,793		13,806,928	13,581,810	13,575,162		13,614,949	13,546,572	13,581,434		13,547,948	13,613,287	13,544,424		13,205,818	12,926,560	12,798,314		12,670,400	12,790,232	12,726,293		12,829,497	12,757,259	12,629,943		12,437,853	11,991,544
loss from continuing operations		-2,046,000
loss from continuing operations before income taxes		-302,000
loss from continuing operations, net of tax		-355,000
loss per share
basic
basic loss per share		-0.13
diluted
diluted loss per share		-0.13
income from operations			-554,000	1,496,000	262,000	-8,162,000	-3,013,000	-2,306,000	-9,741,000	17,890,000	1,716,000	5,625,000	12,055,000	13,049,000	22,251,000	16,586,000	11,931,000	3,713,000	9,367,068	7,701,905	4,451,460	3,713,708	3,679,900	3,583,013	720,172	1,170,823	2,178,179	1,541,633	297,499	1,170,823	2,547,487	2,404,683	-525,755	644,436	1,517,494	1,322,557	1,280,636	1,191,196	3,146,569	3,461,845	2,143,497	1,979,781	2,019,729	2,950,976	464,133	1,616,517	1,671,652	1,858,296	1,915,552	3,072,626	3,813,310	1,796,234	949,442	885,749	1,324,141	1,782,518	147,054	1,021,168	1,397,420	1,286,715	525,440	506,634	832,046	610,619	-131,346		331,557	542,392	128,202		-1,595,644	-501,528	-465,612	-191,803	56,126	-1,324,009	-1,119,668	-1,068,896
yoy			-81.61%	-164.87%	-102.69%	-145.62%	-275.58%	-141.00%	-180.80%	37.10%	-92.29%	-66.09%	1.04%	251.44%	137.54%	115.35%	168.02%	-0.02%	154.55%	114.96%	518.11%	217.19%	68.94%	132.42%	142.08%	0.00%	-14.50%	-35.89%	-156.59%	81.68%	67.87%	81.82%	-141.05%	-45.90%	-51.77%	-61.80%	-40.25%	-39.83%	55.79%	17.31%	361.83%	22.47%	20.82%	58.80%	-75.77%	-47.39%	-56.16%	3.46%	101.76%	246.90%	187.98%	0.77%	545.64%	-13.26%	-5.24%	38.53%	-72.01%	101.56%	67.95%	110.72%	-500.04%		150.95%	12.58%	-202.45%		-120.78%	-208.15%	-127.53%		-2942.97%	-62.12%	-58.42%	-82.06%
qoq			-137.03%	470.99%	-103.21%	170.89%	30.66%	-76.33%	-154.45%	942.54%	-69.49%	-53.34%	-7.62%	-41.36%	34.16%	39.02%	221.33%	-60.36%	21.62%	73.02%	19.87%	0.92%	2.70%	397.52%	-38.49%	-46.25%	41.29%	418.20%	-74.59%	-54.04%	5.94%	-557.38%	-181.58%	-57.53%	14.74%	3.27%	7.51%	-62.14%	-9.11%	61.50%	8.27%	-1.98%	-31.56%	535.80%	-71.29%	-3.30%	-10.04%	-2.99%	-37.66%	-19.42%	112.29%	89.19%	7.19%	-33.11%	-25.72%	1112.15%	-85.60%	-26.92%	8.60%	144.88%	3.71%	-39.11%	36.26%	-564.89%			-38.87%	323.08%			218.16%	7.71%	142.76%	-441.74%	-104.24%	18.25%	4.75%
operating margin %	0%	0%	-3.15%	3.00%	0.56%	-23.84%	-6.44%	-4.73%	-26.39%	20.82%	3.45%	9.18%	16.79%	25.53%	23.41%	23.28%	22.30%	13.71%	20.71%	19.88%	14.99%	13.71%	13.47%	13.80%	3.53%	5.83%	9.09%	7.04%	1.56%	5.83%	11.34%	11.19%	-3.12%	3.82%	8.24%	6.74%	7.26%	6.52%	14.95%	16.03%	12.65%	12.62%	12.81%	16.22%	3.75%	11.56%	11.67%	12.94%	14.50%	19.03%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	NaN%	Infinity%	Infinity%	Infinity%		-Infinity%	-Infinity%	-Infinity%	-Infinity%	Infinity%	-Infinity%	-Infinity%	-Infinity%	NaN%
interest expense			-68,750	-106,000	-69,000	-126,000	-125,000	-153,000	-102,000	-243,000	-330,000	-195,000	-112,000																																																				-236	-584	-925	-1,260	-1,585		18,473	-19,067
income before income taxes			607,250	2,978,000	1,782,000	-6,219,000	-1,319,000	-724,000	-7,994,000	17,950,000	3,264,000	7,060,000	13,338,000	13,169,000	21,984,000	16,629,000	12,052,000	3,847,000	9,488,925	7,823,113	4,574,784	3,847,439	3,835,327	3,757,568	937,897	1,305,960	2,399,164	1,754,527	466,942	1,305,960	2,672,938	2,521,232	-406,376	740,158	1,605,046	1,396,316	1,340,521	1,243,930	3,189,655	3,503,453	2,182,666	2,013,320	2,050,312	2,975,900	488,661	1,642,373	1,697,358	1,883,840	1,940,305	3,092,326	3,835,539	1,817,988	972,278	911,211	1,348,732	1,806,396	173,417	1,048,350	1,423,950	1,323,319	567,393	536,642	863,891	658,608	-84,167		377,788	624,139	157,792		-1,512,754	-402,848	-376,163	-93,038	154,693	-1,275,036	-1,062,878	-890,056
net income per share			0.018	0.11	0.09	-0.35	-0.06	-0.04	-0.4	1.01	0.16	0.33	0.67	0.76	1.23	0.93	0.67	0.23	0.54	0.44	0.27	0.23	0.22	0.22	0.05	0.08	0.14	0.1	0.02	0.08
income tax benefit						-951,000
see accompanying notes to consolidated financial statements
interest income																		134,000	121,857	121,208	123,324	133,731	155,427	174,555	217,725	135,137	220,985	212,894	169,443	135,137	125,451	116,549	119,379	95,722	87,552	73,759	59,885	52,734	43,086	41,608	39,169	33,539	30,583	24,924	24,528	25,856	25,706	25,544	24,753	19,700	22,229	21,754	22,836	25,462	24,591	23,878	26,363	27,182	26,530	26,604	26,953	29,508	31,344	36,491	37,578	38,056	41,164	34,764	17,244		64,417	117,558							122,797
selling, general and administrative																							5,491,259.5	7,207,157
net income per share			0.018	0.11	0.09	-0.35	-0.06	-0.04	-0.4	1.01	0.16	0.33	0.67	0.76	1.23	0.93	0.67	0.23	0.54	0.44	0.27	0.23	0.22	0.22	0.05	0.08	0.14	0.1	0.02	0.08
basic																															0.045	0.13	-0.02	0.07	0.048	0.06	0.07	0.06	0.095	0.17	0.11	0.1	0.063	0.15	0.02	0.08	0.085	0.09	0.09	0.16	0.045	0.09	0.05	0.04	0.058	0.14	0.01	0.08	0.048	0.11	0.04	0.04	0.008	0.05	-0.01
diluted																															0.045	0.13	-0.02	0.07	0.048	0.06	0.07	0.06	0.093	0.16	0.11	0.1	0.06	0.14	0.02	0.08	0.08	0.08	0.09	0.15	0.043	0.09	0.04	0.04	0.058	0.14	0.01	0.08	0.045	0.1	0.04	0.04	0.008	0.05	-0.01
operating expenses selling, general and administrative																																																	3,805,011
revenues																																																			8,578,624.75	13,534,769	10,514,368	10,265,362	6,767,763.25	10,793,755	7,112,097	9,165,201	6,122,724.5	10,124,665	7,119,564	7,246,669	4,111,406.5	6,778,193	4,724,766	4,942,667	6,618,907	7,160,039	5,232,604		4,287,331	4,429,117	4,817,813	5,025,917	3,756,715	4,379,192	4,069,367	3,512,563	38,900
other income																																																												10,000	15,000	500	501	11,498	9,837	14,515	5,992	48,243	13,931			189	110,182	119,379	160,417	106,302	79,437	201,722
other income - sum																																																							19,355.75	23,878	26,363	27,182	27,141.25	36,604	41,953	30,008	36,788.75	47,989	47,179	51,987	38,706.25	81,747
gain on disposal of assets																																																											179	-44,352
operating expenses - sum																																																											3,082,495	3,032,036											2,494,202	1,726,141	1,825,189	1,521,790	807,465	2,348,342	2,023,738	1,794,006
income (loss) from operations																																																																		-187,907
income (loss) before income taxes																																																																		-135,920
net incomeper share:
basic																																																																		-0.01
diluted																																																																		-0.01
weighted average shares outstanding:
basic																																																																		11,977,266		11,938,131
diluted																																																																		11,977,266		11,945,419
net income from continuing operations																																																																			2,849,353	587,020	131,049
net income from discontinued operations
net loss on disposal of assets of discontinued operations
total income from discontinued operations
discontinued operations		-0.11
basic and diluted																																																																			0.02	0.05	0.01
weighted average shares outstanding:
basic and diluted																																																																					11,938,131		11,872,331	11,872,331	11,872,331	11,872,331	11,872,331	11,872,331	11,872,331	11,872,331
cost of revenues																																																																							3,388,773	3,204,504
research and development																																																																							78,912	105,624	135,205	153,787	428,681	313,127	346,707	323,598	336,680
loss (gain) on disposal of assets																																																																							-88,066.5	-4,059	-6,498
income taxes																																																																							-307,263	26,520	24,270	18,980	273,121	750	750	950	250
net income per share			0.018	0.11	0.09	-0.35	-0.06	-0.04	-0.4	1.01	0.16	0.33	0.67	0.76	1.23	0.93	0.67	0.23	0.54	0.44	0.27	0.23	0.22	0.22	0.05	0.08	0.14	0.1	0.02	0.08
basic and diluted																																																																							-0.1	-0.04	-0.03	-0.01	-0.01	-0.11	-0.09	-0.08
other expense																																																																									-20,733	-20,614	-61,850	-57,329	-22,647	-22,882
gain on disposal of asset																																																																										-345,000
costs and expenses:
costs and expenses: - sum																																																																															1,453,448
net loss applicable to common
shareholders
weighted-average shares outstanding:
basic and diluted																																																																															11,874,957

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	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	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-09-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2002-09-30

assets
current assets
cash and cash equivalents	9,404,000	13,879,000	21,493,000	33,871,000	28,848,000	30,453,000	16,167,000	25,624,000	15,818,000	34,484,000	37,827,000	31,385,000	137,081,000	30,313,000	16,650,000	14,192,000	13,923,000	12,682,000	13,216,281	21,305,392	22,338,721	19,151,076	16,449,636	9,278,968	8,575,556	10,586,850	10,081,721	6,030,842	7,905,627	15,358,334	8,547,777	9,287,640	9,141,197	20,453,030	18,536,111	19,748,097	22,483,013	22,057,906	28,014,321	24,587,571	20,550,592	20,699,033	18,071,210	17,161,041	17,061,497	17,174,024	18,191,493	18,240,523	17,127,004	17,734,304	9,807,957	6,866,755	6,814,133	6,136,169	5,678,143	5,980,743	6,652,539	7,375,003	11,281,027	8,229,087	7,399,767	6,971,695	5,285,719	4,886,316	3,995,564	4,375,289	4,731,735	3,769,843	3,133,588	4,333,709	6,763,369	7,014,017	6,804,335	8,143,946	8,947,777	7,928,759	8,880,807	10,051,889	28,967,391
short-term investments	81,665,000	82,556,000	84,484,000	83,358,000	83,142,000	82,561,000	114,825,000	98,195,000	127,089,000	128,352,000	130,286,000	130,726,000	19,984,000	117,538,000	5,802,000	3,894,000	739,000	10,373,000	10,373,831	10,864,831	9,957,831	9,125,527	10,582,527	11,093,527	14,708,841	14,523,321	13,524,270	14,638,219	17,048,473	8,490,225	8,930,225	8,486,225	6,285,225	5,385,150	5,937,150	5,737,150	5,813,150	7,930,075	5,527,075	7,392,075	8,394,075	8,746,000	7,925,000	7,945,000	7,858,000	6,894,000	6,632,000	7,027,000	5,981,000	3,340,000	5,992,000	8,039,000	8,443,000	10,003,000	9,107,000	5,837,000	4,282,000	3,878,000	1,849,000	3,141,000	2,550,000	2,166,000	1,764,868	1,345,566	1,105,566	1,153,566	2,108,566	2,457,663	3,081,000
accounts receivables	20,865,000	14,971,000	17,991,000	26,614,000	24,196,000	14,064,000	21,309,000	27,636,000	21,899,000	17,363,000	28,392,000	31,944,000	39,382,000	55,139,000	53,704,000	31,594,000	21,836,000	16,330,000	19,437,879	16,182,713	13,195,295	9,797,641	10,496,672	9,099,727	8,069,531	7,025,727	9,118,639	9,302,944	8,987,992	8,167,441		9,651,516	7,159,376	5,570,721		8,052,829	8,114,221	7,450,917		8,727,163	7,854,107	5,019,660		7,386,712	4,755,767	4,654,977		4,771,397	3,429,504	2,284,344		5,048,271	4,246,997	3,203,850
inventories	36,920,000	40,201,000	42,031,000	53,753,000	56,084,000	59,224,000	66,766,000	74,869,000	83,985,000	94,613,000	98,055,000	105,003,000	100,838,000	89,705,000	82,208,000	69,341,000	60,918,000	43,574,000	27,524,311	20,979,139	14,627,176	13,687,589	14,408,538	14,881,952	11,688,103	10,630,441	9,012,980	9,424,262	8,273,522	9,626,116	10,050,135	9,688,052	10,879,149	8,140,384	8,453,567	9,338,613	9,970,877	8,714,645	8,373,155	8,106,384	8,102,529	6,943,519	7,182,854	6,734,328	5,164,221	5,359,155	5,390,342	5,298,570	4,855,899	5,127,091	5,626,764	4,966,348	3,742,252	3,625,909	2,971,614	3,000,307	3,077,388	2,528,067	2,757,151	2,197,569	1,813,708	1,605,255	1,512,306	1,431,792	1,323,270	1,241,314	1,153,862	1,547,788	1,553,256	2,088,769	1,490,290	1,743,723	1,975,204	2,073,806	1,836,843	1,662,518	1,650,994	1,381,630
prepaid and other current assets	14,148,000	14,132,000	11,152,000
current assets held for sale			21,337,000
total current assets	163,002,000	165,739,000	198,488,000	212,638,000	206,268,000	197,911,000	229,595,000	236,202,000	257,432,000	276,618,000	296,255,000	303,142,000	300,940,000	294,145,000	160,122,000	120,071,000	99,017,000	84,044,000	71,506,247	69,984,395	60,836,622	52,211,429	52,522,809	44,956,874	43,729,912	43,591,404	42,506,771	40,279,880	43,469,249	42,295,318	41,091,531	37,811,881	34,534,451	40,488,611	41,143,402	43,745,839	47,356,251	47,130,101	51,112,678	49,565,636	45,483,489	41,964,339	40,753,629	41,178,260	37,810,555	36,840,163	38,034,383	39,164,205	36,290,101	33,440,386	34,197,203	27,651,974	25,301,915	24,810,108	22,744,597	20,426,409	18,096,614	17,030,379	20,280,285	17,503,225	15,644,994	13,188,318	11,936,351	10,351,112	8,784,001	8,727,266	10,898,212	11,011,166	10,248,028	9,071,269	10,232,191	10,614,973	12,551,823	12,494,048	12,976,528	11,598,599	12,646,718	13,145,653	29,082,602
property, plant and equipment	9,453,000	9,479,000	9,682,000	19,742,000	25,166,000	23,717,000	23,953,000	21,487,000	22,434,000	22,870,000	21,527,000	21,318,000	21,088,000	19,730,000	18,229,000	9,567,000	8,701,000	6,574,000	4,997,658	4,925,245	4,749,530	5,002,750	5,109,988	5,354,082	5,563,814	5,682,166	5,413,241	4,470,145	4,412,001	4,592,435	4,744,584	4,907,410	5,053,859	5,201,901	5,434,172	5,511,450	6,024,930	5,904,333	5,780,814	5,560,484	5,377,459	5,551,700	5,689,673	5,628,045	5,258,571	3,997,151	2,462,250	2,332,882	1,783,233	1,735,695	1,796,812	1,581,564	1,565,718	1,293,037	1,107,468	934,954	924,291	930,690	986,031	910,422	611,380	1,215,634	1,273,107	1,385,062	1,317,075	1,255,763	1,319,492	1,352,372	1,425,291		2,210,891	2,421,545	2,566,259	2,644,810	2,623,412	3,418,366	3,571,453	3,823,244	3,593,535
long-term investments	56,004,000	60,291,000	59,822,000	40,168,000	41,356,000	41,916,000	24,505,000	24,180,000	6,523,000	6,505,000	6,343,000	6,556,000	8,527,000	10,293,000	22,747,000	24,994,000	28,448,000	35,192,000	36,912,777	26,721,221	25,565,000	26,142,000	25,143,000	28,072,000	25,130,000	21,704,000	23,902,000	22,519,000	18,574,000	18,292,000	17,974,000	18,226,000	20,180,000	20,357,000	19,816,000	17,153,000	15,015,000	13,281,000	10,703,000	8,570,000	7,783,000	6,767,000	8,290,000	7,722,000	7,078,000	8,303,000	8,302,000	8,643,000	9,525,000	8,246,000	6,770,000	5,641,000	4,261,000	3,186,000	4,572,000	4,806,000	5,075,000	5,314,000	2,707,000	2,216,000	1,984,163	2,800,163	3,236,163	3,760,163	3,924,000	3,876,000	2,840,000	2,566,000	1,839,663
goodwill	4,709,000	4,709,000	4,709,000	6,740,000	6,573,000	6,493,000	6,627,000	6,553,000	6,568,000	6,615,000	6,528,000	6,581,000	6,587,000	6,545,000	6,402,000	4,709,000	4,709,000	4,709,000	4,708,511	4,708,511	4,708,511	4,708,511	4,708,511	4,708,511	4,708,511	4,708,511	4,708,511	4,708,511	4,708,511	4,708,511	4,708,511	4,708,511	4,708,511	2,570,511	2,570,511	2,570,511	2,570,511	2,570,511	2,570,511	2,570,511	2,570,511	2,570,511	2,570,511	2,570,511	2,570,511	2,570,511	2,570,511	2,570,511	2,570,511	2,570,511	2,570,511	2,570,511	2,570,511	2,570,511	2,570,511	2,570,511	2,570,511	2,570,511	2,570,511	2,570,511	2,570,511	2,570,511	2,570,511	2,570,511	2,570,511	2,570,511	2,570,511	2,570,511	2,570,511	2,570,511	2,570,511	3,422,511	3,422,511	3,422,511	3,422,511	3,422,511	3,422,511	3,422,511
intangible assets	8,398,000	8,929,000	9,353,000	10,666,000	5,868,000	6,103,000	6,343,000	6,399,000	6,219,000	5,982,000	6,092,000	6,344,000	6,459,000	6,488,000	6,376,000	4,691,000	4,487,000	4,547,000	4,696,151	4,765,194	4,793,137	4,747,450	4,829,047	4,875,117	4,968,938	5,059,707	5,147,135	5,242,689	5,302,721	5,381,889	5,482,555	5,549,320	5,618,260
right-of-use lease assets	10,640,000	7,759,000	8,420,000	18,038,000	17,834,000	18,276,000	15,797,000	15,938,000	12,394,000	13,297,000	13,861,000	14,773,000	11,938,000
deferred tax asset	10,852,000	10,610,000	10,263,000	6,029,000	6,830,000	6,622,000	6,135,000	5,514,000	2,842,000	2,754,000	3,039,000	998,000	957,000	1,090,000	1,414,000	647,000	572,000	365,000	365,467	178,118	178,118	178,118	178,118
other non-current assets	489,000	534,000	608,000
non-current assets held for sale			4,828,000
total assets	263,547,000	268,050,000	306,173,000	314,710,000	310,857,000	303,230,000	315,275,000	318,095,000	315,403,000	335,629,000	355,517,000	361,201,000	357,395,000	351,797,000	229,128,000	177,947,000	159,968,000	137,764,000	125,911,200	114,057,975	103,817,503	96,187,684	95,297,430	90,863,228	87,206,926	83,163,430	81,888,563	77,423,081	76,668,998	75,484,067	74,228,642	71,444,131	70,323,901	69,170,354	69,494,037	69,465,789	71,405,412	69,325,513	70,595,313	66,636,890	61,565,252	57,199,031	57,627,617	57,390,476	53,028,602	52,027,118	51,847,898	53,007,795	50,467,981	46,264,981	46,413,339	41,973,510	39,579,211	38,280,706	37,740,338	32,464,845	30,411,703	29,582,739	30,302,091	25,483,382	23,113,666	22,098,350	21,360,961	20,439,539	19,340,929	19,197,206	20,428,759	18,078,979	16,672,616	16,999,137		16,860,906	18,937,285	19,150,144		19,105,199	20,350,012	21,132,428	33,322,148
liabilities and shareholders’ equity																																																																							2,007				2,006
current liabilities
current portion of lease liability	2,892,000	2,890,000	2,823,000	4,108,000	3,778,000	3,651,000	3,357,000	3,225,000	3,761,000	3,811,000	3,737,000	3,722,000	3,533,000	3,475,000	3,385,000	2,774,000	2,758,000	702,000	914,565	901,063	887,677	874,476	665,584	672,384	714,008	516,167
accounts payable	3,678,000	3,852,000	7,028,000	8,687,000	8,683,000	4,325,000	6,720,000	9,049,000	5,914,000	7,368,000	8,891,000	11,641,000	16,676,000	18,366,000	24,118,000	16,243,000	15,024,000	12,366,000	9,214,782	6,648,416	5,011,965	1,866,249	3,689,587	3,878,915	3,873,534	2,316,100	3,173,599	1,566,900	2,352,411	1,918,301	2,363,380	2,016,413	1,798,776	1,205,223	1,739,791	2,196,152	2,361,377	2,421,585	2,573,292	3,171,964	3,155,222	2,183,253	2,357,791	3,625,828	2,581,117	2,468,594	2,104,526	1,956,237	1,915,971	2,177,981	2,627,764	1,907,466	1,918,397	1,520,522	1,492,294	1,287,815	1,648,867	969,756	1,439,611	1,301,687	1,402,957	1,104,479	1,188,261		855,494	733,536	1,212,541	1,712,155	1,116,982	1,849,633	952,549	860,649	1,241,770	1,350,776	1,353,828	953,116	1,079,043	1,019,053	61,033
accrued compensation	5,015,000	4,197,000	6,598,000	8,235,000	7,053,000	5,400,000	6,977,000	7,153,000	5,871,000	5,279,000	5,571,000	7,319,000	6,316,000	6,867,000	13,619,000	8,918,000	6,804,000	4,137,000	8,729,293	7,014,488	5,496,056	3,118,895	4,856,885	3,279,018	3,472,731	2,120,735	3,224,860	2,247,934	2,419,704	1,771,531	2,048,904	1,632,693	2,103,906	1,443,883	2,410,026	2,077,040	2,627,890	1,900,741	4,697,138	3,328,643	2,533,939	1,394,342	2,598,661	2,444,038	1,540,949	1,152,388	2,749,080	2,503,133	1,902,462	1,555,241	3,522,907	2,411,808	1,399,915	1,145,189	1,470,232	1,337,904	981,612	1,035,146	2,465,132	2,110,037	1,125,262	978,629	765,181		655,419	557,390	1,159,245	1,042,590	823,025	903,276	887,981	745,729	834,962	620,869	815,046	652,393	762,377	561,568
accrued expenses	1,108,000	2,270,000	2,197,000	4,695,000	3,460,000	2,562,000	4,378,000	3,029,000	2,740,000	2,750,000	2,404,000	3,335,000	5,050,000	12,436,000	6,181,000	2,758,000	759,000	4,872,000	1,612,833	1,150,672	492,758	1,909,236	1,202,753	987,205	327,363	327,154	208,603	280,484	39,195	862,998	568,507	456,999	31,441	98,569	93,304	60,222	54,793	120,803	75,306	51,171	53,153	103,387	80,803	77,163	374,421	260,801	247,658	87,753	80,471	168,038	163,531	43,060	22,186	131,437	54,268	74,550	29,784	72,726	106,383	91,562	55,399	86,626	82,867		62,343	69,108	88,139	73,037	104,398	301,859	100,668	140,183	144,547	150,442	211,840	419,500	147,622	153,899	207,672
current liabilities held for sale			17,957,000
total current liabilities	12,693,000	13,209,000	36,603,000	35,888,000	30,496,000	18,728,000	24,352,000	28,170,000	26,376,000	24,954,000	29,004,000	36,913,000	40,050,000	45,322,000	51,694,000	30,693,000	25,345,000	22,077,000	20,471,473	15,714,639	11,888,456	7,768,856	10,414,809	8,817,522	8,387,636	5,280,156	6,607,062	4,095,318	4,811,310	4,552,830	4,980,791	4,106,105	3,934,123	2,747,675	4,243,121	4,333,414	5,044,060	4,443,129	7,345,736	6,551,778	5,742,314	3,680,982	5,037,255	6,147,029	4,496,487	3,881,783	5,101,264	7,108,121	6,558,668	3,901,260	6,314,202	4,362,334	3,340,498	2,797,148	3,016,794	2,700,269	2,660,263	2,077,628	4,011,126	3,503,286	2,583,618	2,169,734	2,036,309	2,006,903	1,573,256	1,376,749	2,493,006	2,876,888	2,109,203	3,116,894	2,010,726	1,761,311	3,476,006	3,378,765	3,723,195	3,377,713	3,353,962	3,094,757	2,071,086
other liabilities
long-term portion of lease liability	8,047,000	5,189,000	5,934,000	14,346,000	14,462,000	14,995,000	12,771,000	13,142,000	9,098,000	9,973,000	10,629,000	11,572,000	8,943,000	9,706,000	10,412,000	10,480,000	11,194,000	1,214,000	1,615,369	1,849,067	2,080,562	2,307,390	2,129,343	2,299,835	2,468,858
non-current liabilities held for sale			7,473,000
total liabilities	20,740,000	18,398,000	50,010,000	50,234,000	44,958,000	35,795,000	39,512,000	43,521,000	36,195,000	35,534,000	40,354,000	49,267,000	51,996,000	57,916,000	81,546,000	41,173,000	36,539,000	23,291,000	22,086,842	17,563,706	13,969,018	10,076,246	12,544,152	11,219,047	10,958,184	7,321,870	6,955,176	4,452,012	5,174,742	4,921,426	5,353,766	4,438,600	4,270,996	3,087,393	4,968,917	5,011,421	5,704,726	5,101,603	8,001,270	7,306,670	6,417,176	4,067,444	6,348,487	7,098,299	5,074,043	3,990,763	5,101,264	7,318,463	6,744,982	3,973,531	6,335,303	4,384,330	3,363,389	2,797,148	3,054,437	2,745,288	2,710,874	2,133,830	4,072,920	3,570,672	2,654,737	2,244,586	2,114,894	2,089,223	1,657,449	1,462,817	2,580,948	3,200,602	2,410,576	3,406,520	2,246,074	2,180,541	3,854,264	3,682,195	4,014,129
shareholders’ equity
preferred stock, 0.01 par value...
common stock, authorized 50,000,000, 0.01 par value...	136,000	138,000
additional paid-in capital	137,045,000	143,053,000	147,382,000	146,627,000	150,789,000	154,254,000	159,580,000	158,627,000	162,697,000	177,322,000	188,218,000	187,409,000	186,058,000	185,404,000	54,539,000	59,784,000	58,949,000	58,505,000	58,245,783	58,341,635	57,794,061	57,696,847	57,502,905	57,443,281	57,042,604	57,383,020	56,976,162	56,901,470	56,725,019	56,161,405	55,483,759	55,495,474	56,296,908	56,021,457	55,406,888	56,594,725	58,642,529	58,073,263	57,320,515	58,830,692	56,934,561	56,356,982	55,887,850	56,271,824	55,887,152	56,257,338	56,036,989	56,032,065	55,244,375	55,039,769	54,808,929	54,817,204	54,591,089	54,404,278	54,152,080	54,017,137	53,741,584	53,621,722	53,402,138	52,942,990	52,767,872	52,695,324	52,589,034	52,513,475	52,475,652	52,418,356	52,372,139	52,252,423	52,223,106	52,166,219	52,018,729	52,009,185	51,999,234	51,987,991	51,966,213	51,973,669	51,962,774	51,964,625	51,666,793
accumulated other comprehensive income	-144,000	163,000	1,731,000	1,721,000	586,000	-17,000	1,079,000	15,000	130,000					-733,000
retained earnings	105,770,000	106,298,000	106,912,000	115,990,000	114,384,000	113,057,000	114,962,000	115,790,000	116,237,000	122,148,000	127,336,000	124,640,000	119,422,000	109,058,000	94,803,000	77,812,000	65,067,000	55,830,000	45,441,253	38,015,209	31,917,096	28,277,312	25,113,873	22,064,430	19,069,862	18,321,965	17,820,807	15,933,080	14,632,553	14,264,611	13,254,651	11,373,118	9,617,886	9,923,262	8,980,104	7,720,032	6,916,716	6,009,195	5,132,265	358,630
total shareholders’ equity	242,807,000	249,652,000	256,163,000	264,476,000	265,899,000	267,435,000	275,763,000	274,574,000	279,208,000	300,095,000	315,163,000	311,934,000	305,399,000	293,881,000	147,582,000	136,774,000	123,429,000	114,473,000	103,824,358	96,494,269	89,848,485	86,111,438	82,753,278	79,644,181	76,248,742	75,841,560	74,933,387	72,971,069	71,494,256	70,562,641	68,874,876	67,005,531	66,052,905	66,082,961	64,525,120	64,454,368	65,700,686	64,223,910	62,594,043	59,330,220	55,148,076	53,131,587	51,279,130	50,292,177	47,954,559	48,036,355	46,746,634	45,689,332	43,722,999	42,291,450	40,078,036	37,589,180	36,215,822	35,483,558	34,685,901	29,719,557	27,700,829	27,448,909	26,229,171	21,912,710	20,458,929	19,853,764	19,246,067	18,350,316	17,683,480	17,734,389	17,847,811	14,878,377	14,262,040	13,592,617		14,680,365	15,083,021	15,467,949		15,705,326	16,970,217	18,035,696	31,021,757
total liabilities and shareholders’ equity	263,547,000	268,050,000	306,173,000	314,710,000	310,857,000	303,230,000	315,275,000	318,095,000	315,403,000	335,629,000	355,517,000	361,201,000	357,395,000	351,797,000	229,128,000	177,947,000	159,968,000	137,764,000	125,911,200	114,057,975	103,817,503	96,187,684	95,297,430	90,863,228	87,206,926	83,163,430	81,888,563	77,423,081	76,668,998	75,484,067	74,228,642	71,444,131	70,323,901	69,170,354	69,494,037	69,465,789	71,405,412	69,325,513	70,595,313	66,636,890	61,565,252	57,199,031	57,627,617	57,390,476	53,028,602	52,027,118	51,847,898	53,007,795	50,467,981	46,264,981	46,413,339	41,973,510	39,579,211	38,280,706	37,740,338	32,464,845	30,411,703	29,582,739	30,302,091	25,483,382	23,113,666	22,098,350	21,360,961	20,439,539	19,340,929	19,197,206	20,428,759	18,078,979	16,672,616	16,999,137		16,860,906	18,937,285	19,150,144		19,105,199	20,350,012	21,132,428	33,322,148
preferred stock, .01 par value...
common stock, authorized 50,000,000, .01 par value...			138,000	138,000	140,000	141,000	142,000	142,000		149,000	153,000	153,000	153,000	152,000	138,000	138,000	138,000	138,000	137,322	137,425	137,328	137,279	136,500	136,470	136,276	136,575	136,418	136,519	136,684	136,625		136,939	138,111	138,242		139,611	141,441	141,452		140,898	137,306	137,062		137,204	137,158	137,429		134,432	130,629	129,991		128,980	128,724	128,549		124,608	123,393	123,262		121,365	120,532	120,402			119,953	119,788		119,381	119,381	119,381
other current assets				15,042,000	13,998,000	11,609,000	10,528,000	9,878,000	8,641,000	1,806,000	1,695,000	4,084,000	3,655,000	1,450,000	1,758,000	1,050,000	1,601,000	1,085,000	953,945	652,320	717,599	449,596	585,436	602,700	687,881	825,065	769,161	883,613	1,253,635	653,202	742,136	698,448	1,069,504	939,326	978,933	869,150	974,990	976,558	1,198,917	752,443	582,186	556,127	416,766	499,231	917,542	771,970	543,257	534,575	976,582	504,512	317,829	361,658	415,631	349,702	473,726	521,686	454,772	228,551	170,243	254,417	259,626	126,034	129,079	213,553	313,213	217,376	180,635	160,063	218,084	115,344
other assets																																																																															646,011
other				689,000	962,000	2,192,000	2,320,000	1,822,000	991,000	988,000	1,872,000	1,489,000	899,000	868,000	582,000	553,000	620,000	572,000	418,976	259,548	262,352	266,515	266,857	186,571	194,174	202,539	210,905	202,856	202,516	213,914	227,461	241,009	228,820	552,331	529,952	484,989	438,720	439,568	428,310	370,259	350,793	345,481	323,804	291,660	310,965	316,293	322,132	297,197	299,136	272,389	268,240	258,909	259,796	255,560	247,512	229,779	227,560	199,467	199,467	176,368	176,368	176,368	176,368	176,368	176,368	176,368	176,368	176,368	176,368	284,309	380,653	401,877	396,692	249,621	227,879	324,327	371,190	404,809
total other assets				82,330,000	79,423,000	81,602,000	61,727,000	60,406,000	35,537,000	36,141,000	37,735,000	36,741,000	35,367,000	37,922,000	50,777,000	48,309,000	52,250,000	47,146,000	49,407,295	39,148,335	38,231,351	38,973,505	37,664,633	40,552,272	37,913,200	33,889,860	33,968,551	32,673,056	28,787,748	28,596,314	28,392,527	28,724,840	30,735,591	23,479,842	22,916,463	20,208,500	18,024,231	16,291,079	13,701,821	11,510,770	10,704,304	9,682,992	11,184,315	10,584,171	9,959,476	11,189,804	11,351,265	11,510,708	12,394,647	11,088,900	10,419,324	12,739,972	12,711,578	12,177,561	13,888,273	11,103,482	11,390,798	11,621,670	9,035,775	7,069,735	6,857,292	7,694,398	8,151,503	8,703,365	9,239,853	9,214,177	8,211,055	5,715,441	4,999,297	6,323,666
current maturities of long-term debt				2,358,000	2,165,000				2,159,000	2,214,000	2,112,000																																																							16,715		49,106	64,798		69,528				1,342,481
bank overdraft				862,000	1,239,000
factoring liability				6,943,000	4,118,000	2,790,000	2,920,000	5,714,000	5,931,000	3,532,000	6,289,000	8,722,000	8,475,000	4,178,000	4,391,000
long-term debt						2,072,000	2,228,000	2,142,000					2,181,000	2,132,000	18,666,000																																																								128,071	7,410	11,105	14,796	18,480	22,160	25,833	1,975	229,305
deferred tax liability							161,000	67,000	721,000	607,000	721,000	782,000	822,000	756,000	774,000
issued or outstanding
14,409,995 and 15,254,725 shares issued and outstanding
as of march 31, 2024 and september 30, 2023, respectively									144,000
see accompanying notes to consolidated financial statements
accumulated other comprehensive loss										476,000	-544,000	-268,000	-234,000		-1,898,000	-960,000	-725,000																																																					-264,000
debt												2,174,000
right of use lease assets														12,638,000	13,256,000	12,715,000	13,414,000	1,761,000	2,305,413	2,515,743	2,724,233	2,930,911	2,539,100
total other liabilities																				1,849,067	2,080,562	2,307,390	2,129,343	2,401,525	2,570,548	2,041,714	348,114	356,694	363,432	368,596	372,975	332,495	336,873	339,718	725,796	678,007	660,666	658,474	655,534	754,892	674,862	386,462	1,311,232	951,270	577,556	108,980		210,342	186,314	72,271
deferred rent																											246,424	251,759	258,497	263,661	268,040	272,419	276,797	279,642	281,720	266,228	248,887	246,695	243,755	240,814	237,874	233,474	228,345	223,215	218,085					19,609	21,101	21,996	22,891		37,643	45,019	50,611	56,202	61,794	67,386	71,119	74,852	78,585	82,320	84,193	86,068	87,942	89,817	89,758	89,641	78,116	74,646	54,249
right of use lease asset																								2,710,073	2,911,577	2,215,103
deferred taxes																								101,690	101,690	101,690	101,690	104,935	104,935	104,935	104,935	60,076	60,076	60,076	444,076	411,779	411,779	411,779	411,779	514,078	436,988	152,988	1,146,899	1,451,948	2,053,528	1,986,037	2,249,435	3,292,140	3,920,112	4,450,135	4,615,110	2,369,942	1,639,902	1,491,478	1,491,478	994,000	994,000	994,000	994,000						2,187,500
long term portion of lease liability																										1,940,024
accounts receivable																															12,821,258				7,237,641				7,999,210				6,010,900				5,027,856				7,837,543				3,022,636	4,092,673	2,635,915	2,026,758	3,228,864	3,681,152	2,982,733	2,319,334	3,244,379	2,473,885	2,046,388	1,739,721	2,723,414	3,075,809	2,262,100	2,533,447	1,823,060	1,716,333	2,371,600	2,104,804	1,892,483	1,686,945	1,716,797	1,449,171	21,300
common stock, .01 par value...																															136,466				138,128				141,263				137,057				137,430				129,743				128,301				122,707												118,723	118,723	118,723	118,723	118,723	118,723	118,723	118,723
commitments and contingencies
commitment and contingencies
accumulated deficit																																									-1,923,791	-3,362,457	-4,745,777	-6,116,851	-8,069,751	-8,358,412	-9,427,785	-10,477,165	-11,652,005	-12,878,310	-14,860,636	-17,357,004	-18,503,991	-19,049,269	-19,594,480	-24,422,188	-26,164,148	-26,296,075	-27,295,674	-31,151,645	-32,429,475	-32,961,962	-33,463,120	-34,283,112	-34,912,125	-34,803,755	-34,644,074	-37,493,427	-38,080,447	-38,428,983	-38,652,804	-37,447,313	-37,017,945	-36,617,512	-36,505,494	-36,387,066	-35,111,280	-34,047,652
deferred taxes – long term
deferred taxes –long term																																																				4,269,552	5,620,271	6,165,490		3,497,192	3,517,727	3,537,692		2,083,757	2,103,151	2,124,257	2,145,362	2,168,674		2,209,745	2,231,990
accrued rebates																																																2,560,998	2,659,764
patents																																																												23,099	23,099	23,099	23,099		10,811
undesignated shares, 4,999,500 authorized shares; no shares issued and outstanding
assets held for sale																																																													639,160										328,312
notes receivable																																																																	370,663	381,553	392,186	402,562	412,755	432,846
current maturities of long term debt																																																																			33,081			62,126
undesignated shares, 4,999,500 authorized shares: no shares issued and outstanding
common stock, 50,000,000 shares authorized, .01 par value...																																																															120,153				119,746
intangibles																																																																27,649
common stock																																																																119,953
long term debt, net of current maturities																																																																						33,081
deferred income taxes																																																																				233,897	211,615	166,904	29,161	337,174	312,904	288,634	272,454
available for sale securities																																																																						3,036,000
property plant and equipment																																																																						1,604,202
current liabilities of discontinued operations
other long term liabilities
long term obligations of discontinued operations
prepaid expenses																																																																							155,472				173,040			220,135	40,820
bond reserve funds																																																																										339,154	126,385	341,396	338,140	42,828	37,500
other assets - sum																																																																							3,279,476				3,993,631
accumulated foreign currency translation																																																																							-8,164	-230	-16,991	-21,253
total shareholders equity																																																																							13,476,484				15,579,442
current assets:
bond reserve fund																																																																									1,285,646
prepaid expenses and other																																																																								140,900	115,038	171,492		320,377	398,120
other assets:
other assets: - sum																																																																								3,824,388	3,819,203	4,011,286		4,088,234	4,131,841	4,163,531
current liabilities:
current portion of long-term debt																																																																								14,750	1,254,727	1,256,678		1,352,704	1,364,920	1,360,237	1,802,381
shareholders’ equity:
inventories:
undesignated shares:

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-03-31	2023-12-31	2023-09-30	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	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30

cash flows from operating activities
net loss	-528,000	-614,000			1,327,000	-1,906,000																																																													-1,205,491	-429,368	-400,433	-112,018	-118,428	-1,275,786	-1,063,628	-891,006
loss from discontinued operations, net of tax	0	337,000
adjustments to reconcile net loss to net cash from operating activities:
depreciation and amortization	1,575,000	1,615,000	355,000	2,055,000	1,873,000	1,838,000	1,930,000	3,572,000	1,695,000	1,643,000	2,822,000	1,353,000	3,410,826	-1,359,826	723,000	639,000	576,294	586,248	571,543	567,718	597,237	613,556	603,989	606,972	565,015	549,370	534,610	529,414	501,085	556,749	553,714	436,198	416,325	405,633	411,511	388,625	380,905	362,121	357,427	348,749	345,391	324,910	315,882	229,900	207,707	182,327	157,925	151,910	114,931	122,355	117,889	121,225	105,151	102,820	100,713	96,081	92,083	76,078	85,105	105,236	134,822	126,595	122,172	114,425	110,685	107,181	216,951	137,652	142,380	154,416	254,933	261,693	274,726	269,847
amortization of premium and discount on investments	-153,000	-117,000	-221,000	-354,000
deferred taxes	-161,000	-375,000	-4,087,000	734,000	-347,000	-544,000	-555,000	-195,000	-320,000		-35,000	-80,000																		0	0	-384,000						77,090	284,000	217,000		970,164	183,000	529,000		652,000	663,675	1,028,210		620,679	396,795	332,760		20,535	19,965	21,105		19,394	21,106	21,105		18,826	22,245	22,245		22,282		24,270	24,270	16,180
stock-based compensation	1,318,000	1,271,000	852,000	1,318,000	1,288,000	1,139,000	1,204,000	2,284,000	1,271,000	1,074,000	1,444,000	660,000	2,337,353	-1,008,353	570,000	440,000	313,845	343,055	334,178	289,057	231,671	213,361	87,937	240,586						519,223				590,419				370,465				280,526				191,136
changes in operating assets and liabilities, net of acquired amounts:
accounts receivable	-5,894,000	3,020,000	1,396,000	-1,497,000	-10,320,000	6,873,000	6,853,000	6,600,000	11,750,000	1,758,000	16,353,000	-549,000	-24,221,844	2,385,844	-5,506,000	3,108,000	-3,255,166	-2,987,418	-3,607,266	699,031	-1,396,945	-1,030,196	-1,043,804	2,092,912	184,305	-314,952	-1,030,551	4,653,817		-2,492,140	-1,588,655	1,666,920	815,188	61,392	-663,304	548,293	727,953	-873,056	-2,834,447	991,240	1,375,812	-2,630,945	-100,790	372,879	-256,459	-1,341,893	-1,145,160	5,553,199	-2,789,272	-801,274	-1,043,147	-181,214	1,070,037	-1,456,758	-609,157	1,202,106	410,121	-656,252	-663,399	925,045	-770,494	-427,497	-306,667	983,693	352,395	-813,709	-106,727	655,267	-266,796	-212,321	-205,538	29,852	-267,626	-2,923
inventories	3,281,000	1,830,000	-109,000	3,274,000	3,607,000	6,871,000	8,550,000	14,414,000	4,169,000	6,427,000	-17,243,000	-6,505,000	-43,702,184	33,352,184	-17,345,000	-16,049,000	-6,545,172	-6,351,963	-939,587	720,949	473,414	-3,193,849	-1,057,662	-1,617,461	411,282	-1,150,740	1,352,594	424,019	-362,083	1,191,097	41,801	313,183	885,046	632,264	-1,256,232	-341,490	-266,771	-3,855	-1,159,010	239,335	-448,526	-1,570,107	194,934	31,187	-91,772	-442,671	271,192	499,673	-660,416	-1,224,096	-116,343	-654,295	28,693	77,081	-549,321	230,693	-559,582	-383,861	-208,453	-92,949	-80,514	-108,522	-81,956	-87,452	393,926	5,468	253,433	231,481	98,602	-236,963	-174,325	-11,524	-269,364	-110,977
other assets	29,000	-2,905,000	2,728,000	-401,000	-1,127,000	-1,027,000	-1,195,000	-5,951,000	815,000	2,059,000	-2,407,000	-176,000	-281,815	810,815	-511,000	-300,000	-269,830	-72,829	-324,724	136,182	-63,023	92,786	145,548	-47,538	106,403	369,682	-589,035	102,481				41,706				228,259				-146,494				-222,800				-189,241
accounts payable and accrued expenses	-539,000	-5,502,000	2,525,000	1,182,000	7,183,000	-5,328,000	-1,099,000	-2,752,000	-5,081,000	-5,931,000	-14,273,000	-7,637,000	14,493,323	-3,335,323	1,594,000	1,750,000	4,733,466	3,803,178	4,099,450	-2,859,717									870,307	167,604			-74,801	-693,305	603,123	-2,899,667	-989,101	1,857,404	2,458,732	-1,003,144	-1,104,644	1,655,672	832,789	-1,219,481	-2,006,857	549,453	2,637,799	-2,414,434	1,950,973	1,020,941	566,241	-257,289	309,149	34,414	572,511	-1,939,090	486,170	932,013	419,501	120,342			211,347	-1,101,765	-378,644	783,436	198,107	-454,321	153,441	-258,627	355,705	35,967	254,522	161,503
net cash from operating activities	-1,072,000	-1,440,000	8,437,000	7,918,000	3,048,000	7,150,000	13,759,000	4,597,000	7,827,000	6,529,000	10,141,000	1,103,000	1,010,289	11,272,711	-11,248,000	-34,000	2,785,682	1,417,508	3,982,990	2,716,659	4,215,542	143,907	2,396,155	-99,831	5,823,242	436,849	1,646,687	6,825,875	248,725	2,036,235	258,058	2,004,522	3,776,403	2,533,328	593,626	-605,304	6,410,095	2,853,329	379,164	1,910,163	2,507,167	1,425,895	1,841,473	1,073,685	-210,346	1,406,422	3,532,958	6,799,717	2,553,033	1,130,968	599,028	56,027	3,032,858	560,518	-452,465	685,420	2,226,866	1,314,722	114,362	1,641,269	371,609	657,272	-185,710	-213,826	920,352	789,559	-170,722	157,955	-374,995	-969,153	-627,157	-861,684	-1,152,317	-634,820
capital expenditures	-1,019,000	-988,000	478,000	-499,000	-2,653,000	-2,069,000	0	-4,389,000	-2,412,000	0	-4,797,000	-2,213,000	-9,141,236	4,835,236	-2,791,000	-2,051,000	-770,887	-593,108	-303,126	-378,883	-312,857	-310,005	-394,867	-788,469	-1,412,557	-547,482	-275,008	-276,599	0	-404,015	-286,342	-229,999	0	-566,191	-535,634	-529,302	0	-560,608	-194,927	-226,710	0	-699,543	-1,563,704	-1,764,875	0	-729,260	-239,293	-92,298	0	-141,875	-395,367	-154,398	0	-115,702	0	-63,430	-167,871	-410,145	-129,361	-38,413	-109,640	-108,855	-183,484	-50,696	-108,599	-34,612	-256,774	-49,935	-98,923	-175,814	-120,622	-72,216	-113,534	-121,259
free cash flows	-2,091,000	-2,428,000	8,915,000	7,419,000	395,000	5,081,000	13,759,000	208,000	5,415,000	6,529,000	5,344,000	-1,110,000	-8,130,947	16,107,947	-14,039,000	-2,085,000	2,014,795	824,400	3,679,864	2,337,776	3,902,685	-166,098	2,001,288	-888,300	4,410,685	-110,633	1,371,679	6,549,276	248,725	1,632,220	-28,284	1,774,523	3,776,403	1,967,137	57,992	-1,134,606	6,410,095	2,292,721	184,237	1,683,453	2,507,167	726,352	277,769	-691,190	-210,346	677,162	3,293,665	6,707,419	2,553,033	989,093	203,661	-98,371	3,032,858	444,816	-452,465	621,990	2,058,995	904,577	-14,999	1,602,856	261,969	548,417	-369,194	-264,522	811,753	754,947	-427,496	108,020	-473,918	-1,144,967	-747,779	-933,900	-1,265,851	-756,079
cash flows from investing activities
purchases of property, plant and equipment and intangible assets	-1,019,000	-988,000	478,000	-499,000	-2,653,000	-2,069,000			-2,412,000			-2,213,000	-9,141,236	4,835,236	-2,791,000	-2,051,000	-770,887	-593,108	-303,126	-378,883	-312,857	-310,005	-394,867	-788,469	-1,412,557	-547,482	-275,008	-276,599		-404,015	-286,342	-229,999		-566,191	-535,634	-529,302		-560,608	-194,927	-226,710		-699,543	-1,563,704	-1,764,875		-729,260	-239,293	-92,298		-141,875	-395,367	-154,398
purchases of investments	-32,056,000	-19,953,000	-40,377,000	-19,463,000	-20,219,000	-39,015,000	-35,256,000	-47,748,000	-47,748,000	0	-99,126,000	-98,881,000	-247,752	247,752	0	-248,000	-12,905,106	-5,455,345	-2,480,304	-3,968,000	-2,219,000	-12,761,000	-15,865,930	-3,211,000	-2,867,000	-5,170,000	-10,716,393	-1,558,000		-1,222,000	-1,715,075	-2,466,000		-3,113,000	-2,726,075	-7,440,000		-1,688,000	-2,636,075	-1,184,000		-3,349,000	-2,530,000	-1,638,000		-1,488,000	-4,805,000	-2,606,000		-3,203,000	-2,205,000	-1,655,000		-2,203,000	-1,226,000	-5,232,000
proceeds from maturities of investments	37,000,000	21,660,000	19,890,000	20,800,000					51,068,000							1,980,000	3,211,000	3,393,000	2,225,000	4,426,000	5,659,000	13,443,000	12,282,000	4,438,000	2,626,000	3,663,000	1,892,000	1,680,000		975,000	992,000	2,477,000		1,051,000	3,109,000	2,459,000		1,903,000	1,972,000	1,886,000		2,618,000	2,791,000	1,375,000		1,324,000	885,000	3,782,000		2,227,000	2,690,000	2,145,000		917,000	1,061,000	596,000		412,163	432,000	195,527
cash paid on disposal of business	0	-1,012,000
net cash from investing activities	3,925,000	-293,000	-19,106,000	838,000	-2,172,000	13,392,000	-19,218,000	1,156,000	908,000	128,000	-3,180,000	-101,094,000	-8,207,374	-12,285,626	12,615,000	-319,000	-10,464,993	-2,655,453	-558,430	79,117	3,127,143	371,995	-3,978,797	438,531	-1,653,557	-2,054,482	-9,099,401	-154,599		-567,963	-11,359,417	-218,999	-3,253,424	-2,628,191	-147,609	-5,510,302	-912,292	-345,608	-859,002	475,290	-983,142	-1,430,543	-1,302,704	-2,027,875	382,754	-893,260	-4,159,293	1,083,702	578,834	-1,117,875	89,633	335,602	-3,330,035	-1,401,702	-282,874	-4,699,430	691,374			-3,545	654	233,480	-194,295	-131,696	-33,502	-137,612	-74,324	7,830	-57,331	169,186	1,704,454	-72,216	-3,354	-119,759
cash flows from financing activities
proceeds from issuance of common stock under employee stock purchase plan	0	239,000	0	294,000	0	301,000	0	250,000	250,000	-1,000	299,000	299,000	543,456	-248,456	0	249,000	0	204,616	0	179,081	0	179,124	0	169,652	0	167,951	0	145,940	0	149,601	0	148,259	0	165,192	0	169,500	0	136,413	0	118,013	0	105,844	0	105,615	0	95,167	0	90,417	0	67,221	0	68,760	0	72,237	0	70,305	0	49,945	0	37,722
repurchase of shares for payment of withholding taxes for vested restricted stock grants	-4,000	-997,000	0	0	-3,000	-491,000							-1,405,726
withholding related to exercise of stock options	-6,000	-57,000	-556,000	-121,000						2,000	-471,000	-342,000	-5,182,621	281,621	-126,000	-156,000
repurchase of common stock	-7,318,000	-5,279,000	12,000	-5,650,000	-4,740,000	-6,275,000	0	-27,814,000	-12,185,000													0								-1,135,390			-1,244,252	-2,353,710			0	0	-76,519	-257,242	0	0	-678,987	-170,170
net cash from financing activities	-7,328,000	-6,094,000	-4,881,000	-3,605,000	-2,367,000	-6,388,000	-3,869,000	-27,813,000	-12,171,000	-265,000	113,390,000	113,519,000	10,655,109	306,891	-126,000	-181,000	-409,800	204,616	-236,915	-94,336	-172,017	187,510	-428,652	166,429	-118,806	-257,152	7	139,281		-1,321,829	-210,474	131,396	-1,734,965	-2,640,053	-20,910	159,191	-2,071,053	1,529,258	331,397	242,370	-613,856	104,192	-651,296	-63,279	-221,438	600,357	19,035	42,928	-190,665	39,529	-10,697	66,397	-5,423	169,388	12,875	107,986	133,700	87,288			27,140	0	280	-10,924	75,042	-15,692	-3,679	41,974	-907,285	-3,864	-58,279	-18,148	-15,411	-7,024
cash flows from discontinued operations
net cash from discontinued operations	0	184,000
effect of exchange rates on cash and cash equivalents	0	-13,000
net increase in cash and cash equivalents	-4,475,000	-7,656,000
change in cash held for sale	0	42,000
cash and cash equivalents, beginning of period	0	21,493,000	-2,019,000	0				37,827,000						-13,202,784	0	13,216,000		0	0	16,449,636		0	0	10,081,721		0	0	8,547,777		0	0	18,536,111		0	0	28,014,321		0	0	18,071,210		0	0	18,191,493		0	0	9,807,957		0	0	5,678,143		0	0	11,281,027		0	0	5,285,719
cash and cash equivalents, end of period	-4,475,000	13,879,000	-12,378,000	5,023,000				15,818,000						-13,908,808	1,241,000	12,682,000		-1,033,329	3,187,645	19,151,076		703,412	-2,011,294	10,586,850		-1,874,785	-7,452,707	15,358,334		146,443	-11,311,833	20,453,030		-2,734,916	425,107	22,057,906		4,036,979	-148,441	20,699,033		99,544	-112,527	17,174,024		1,113,519	-607,300	17,734,304		52,622	677,964	6,136,169		-671,796	-722,464	7,375,003		829,320	428,072	6,971,695
supplemental disclosures for cash flow information
cash (refunded) paid for income taxes
right of use assets obtained through lease liabilities				100,000	132,000	3,663,000	117,000
non-cash financing activities
cashless exercise of stock options	1,969,000	419,000	2,071,000	365,000	88,000	9,000	0	19,000		0	510,000	431,000	1,623,724	-209,724	117,000	93,000	2,058	0	273,232	996,182	86,849	3,225			0	0	7,732	9,658	0	0	0	5,782	0	0	1,284	32,984	312,017	306,556	218,570	15,890	126,936	0	77,582	3,220	99,617	18,657	157,182	22,427
cash paid for income taxes		-12,000	433,000	834,000				157,000			10,211,000
net income			-9,078,000				-827,000	-11,179,000	-5,268,000	2,696,000	24,619,000	14,255,000	49,329,630	-19,593,630	9,237,000	10,389,000	7,426,044	6,098,113	3,639,784	3,163,439	3,049,443	2,994,568	747,897	501,158	1,887,727	1,300,527	367,942	1,009,960	1,881,533	1,755,232	-305,376	943,158	1,260,072	803,316	907,521	876,930	2,908,655	2,282,421	1,438,666	1,383,320	1,371,074	1,952,900	288,661	1,069,373	1,049,380	1,174,840	1,226,305	1,982,326	2,496,368	1,146,987	545,278	545,211	4,827,708	1,741,960	131,927	999,599	3,855,971	1,277,830	532,487	501,158	819,992	629,013	-108,370	-159,681	2,849,353	587,020
loss from impairment of discontinued operations, net of tax
adjustments to reconcile net income to net cash from operating activities:
loss on sale of assets
proceeds from sale of property and equipment
repayment of long-term debt							-29,000				-16,700,000	-16,700,000																																																		0	-16,715	-16,366		-15,692		-1,243,672	-5,642	-89,487		-60,002	28,541	-96,624
net proceeds from issuance of common stock										0	130,262,000	130,262,000
issuance of stock under equity compensation plans										0	954,000	954,000
cash paid for interest				84,000	51,000	58,000			86,000			205,000
issuance of long-term debt							29,000
borrowings and repayments of bank overdrafts				-419,000
borrowings and repayments of factoring liability				2,291,000
effect of exchange rates on cash				-127,000	-114,000	132,000	-129,000	51,000	93,000	50,000	80,000	135,000
increase in cash and cash equivalents				5,023,000	-1,605,000	14,286,000	-9,457,000	-22,009,000	-3,343,000	6,442,000	120,431,000	13,663,000	3,433,024	-706,024	1,241,000	-534,000	-8,089,111	-1,033,329	3,187,645	2,701,440				505,129				6,810,557				1,916,919	-1,211,986	-2,734,916	425,107	-5,956,415	3,426,750	4,036,979	-148,441	2,627,823	910,169	99,544	-112,527	-1,017,469	-49,030	1,113,519	-607,300	7,926,347	2,941,202	52,622	677,964	458,026	-302,600	-671,796	-722,464	-3,906,024	3,051,940	829,320	428,072	1,685,976	399,403
amortization of discount on investments						-766,000	-1,102,000	-2,196,000	-1,160,000	-1,083,000	-1,139,000	-218,000			-10,000	-11,000	-6,450				0	-8,686	-27,590	-28,051	-28,051	-27,746
proceeds from sales and maturities of investments						54,476,000		53,293,000		1,983,000	100,743,000		17,368,614	-17,368,614
net borrowings and repayments of factoring liability						77,000
cash and cash equivalents, beginning of year						16,167,000			37,827,000	0	16,650,000	16,650,000
cash and cash equivalents, end of year						30,453,000			34,484,000		137,081,000	30,313,000
cash paid during the year for income taxes						405,000			61,000				13,734,087	-6,924,087			1,945,483	1,228,500	2,314,002	17,000	972,550	113,872	385,564	-29,907	602,045	29,352	1,052,759	-1,043		25,000	21,487	2,500		476,733	404,500	12,250		254,732	68,000	15,884	30,500	15,600			31,955	66,190	183,863	79,276
business acquisition, net of cash acquired
purchases of property, plant and equipment, and intangible assets								-4,389,000			-4,797,000
repurchase of shares for payment of withholding taxes for stock grants								-240,000			-954,000	-954,000
tax withholding and proceeds related to exercise of stock options								-9,000									-1,893
cash paid for interest expense								172,000			266,000
see accompanying notes to consolidated financial statements
gain on sale of property, plant, and equipment									-44,000
repurchase of shares for payment of withholding taxes									-236,000
for stock grants
change in allowance for doubtful accounts																	0	0							0	0
issuance (repayment) of long-term debt
loss on disposal of assets																															0	1,594	40,381	0			11,213	-255	0	1,390	9,559	26,927				-1,590	6,424	-86		4,000	0	7,297		0	0	21,081
business acquisition, net of cash acquired
borrowing on line of credit
changes in operating assets and liabilities:
adjustments to reconcile net income to net cash from operating activities:
tax withholding related to vesting of restricted stock grants															0	-274,000	-407,907	0	-43,261	-10,947	-170,613	0	0	-5,803	-121,386	-425,103	0	-6,676				-9,262				-10,326				-1,391
cash paid during the period for income taxes
tax withholding related to exercise of stock options																			-193,654	-262,470																		-41,068								-12,624	-56,672	-72,816
adjustments to reconcile net income to net cash from (used in) operating activities:
accounts payable, accrued expenses and deferred rent																					1,597,768	462,367	2,939,840	-1,848,409	2,506,409	-722,730	253,316	-432,340				-1,497,524
repurchases of common stock																																-10,850
proceeds from issuance of common stock upon exercise of stock options																					-1,404	8,386	2	2,580	2,580	0	7	17		3,225	14,700	3,249		259	28,442	17		388,913	49,748	34,990		12,721	27,691	1,276		517,814	75,707	25,327		3,025	4,346	7,625		97,151	12,875	37,681		37,343
decrease in cash and cash equivalents																						703,412				-1,874,785				146,443																																				636,255	-250,648	209,682	-1,339,611	-803,831	1,019,018	-952,048	-1,171,082	-761,603
impairment of long-lived assets																																	0
proceeds from sale of property, plant, and equipment
business acquisition																														0
stock based compensation																										433,438	563,666	538,524				483,287				593,746				226,767				283,627				188,160		186,842	197,683	186,049		107,380	107,118	112,153		88,663	61,607	58,287		37,823	40,466	40,817		29,317		9,951	11,243	19,625
cash flows from operating activities:
adjustments to reconcile net income to cash from operating activities:
deferred income taxes
stock-based compensation expense
changes in operating assets and liabilities, net of business acquisition:
prepaid expenses and other current assets
cash flows from investing activities:
purchases of property, plant and equipment
purchase of investments																																																											0	-160,659	-471,302	-172,163	-480,000	-1,356,000		-838,000
patent additions																																																													4,550	-16,838
sale of investments																																																													576,000	96,000	480,000	1,275,000		735,000
cash flows from financing activities:
proceeds from issuance of common stock																																																												10,530	27,140	0	16,995	5,442
tax withholding related to vesting of restricted stock grants and exercise of stock options
cash and cash equivalents at beginning of year
cash and cash equivalents at end of year
supplemental cash flow information
cash paid during the year for income taxes, net of refunds
establishment of deferred tax asset for the adoption of asu 2016-09
gain on disposal of assets
prepaid expenses and other																														360,422				90,005				-174,006				415,848				442,820				54,534	-65,368	-43,717		-66,914	-226,221	-58,308		5,209	-133,592	3,045		34,987	-84,947	-26,108		68,214		-31,047	-135,466	24,655		87,219	-95,905	44,130
proceeds from sale of property, plant and equipment																																		0
tax withholding related to exercise of stock options and restricted stock vestings
other current assets
excess tax benefit from exercise of stock options
tax benefit from stock-based awards																																						-1,045,000	-393,000	-348,000
purchases of property and equipment																																																								-63,430	-167,871	-410,145	-129,361	-38,413	-109,640	-108,855	-183,484	-50,696	-108,599	-34,612	-256,774	-49,935	-98,923	-175,814	-120,622	-72,216	-113,534	-121,259
gain on sale of assets																																																																			-81,167	-768	-6,498	-345,000	-1,105,169	0	16,809	-109,935
supplemental cash flow information: cash paid during the year for:
income taxes
other																																																		-30,717	-15,043	-9,988
purchases of property and equipment and intangible assets																																																						-115,702
proceeds from sale of assets																																																																			182,450	57,765	41,592	345,000	1,825,076	0	110,180	1,500
adjustments to reconcile net income to cash provided by operating activities:
proceeds from notes receivable
payment of long-term debt
interest
cash flow from operating activities
net cash from (used) investing activities
adjustments to reconcile net income to net cash provided by operating activities:
investing activities
financing activities
net cash provided (used) by financing activities																																																												48,252
prepaid expenses and other assets
proceeds from sale of equipment
current liabilities
cash flow from investing activities
proceeds from note receivable
cash flow from financing activities
cash and cash equivalents at beginning of period																																																														0	0	4,731,735		0		0	0	8,947,777		0	0	10,813,492
cash and cash equivalents at end of period																																																														890,752	-379,725	4,375,289		636,255		209,682	-1,339,611	8,143,946		-952,048	-1,171,082	10,051,889
increase (decrease) in cash and cash equivalents																																																																-356,446
lease termination accrual
purchase of available for sale securities
sale of available for sale securities
supplemental cash flow information:
cash paid during the period for:
(gain) loss on sale of assets
goodwill impairment charge
severance accrual
foreign currency translation																																																																			-7,934	16,761	4,262	-19,100
increase in cash balances of discontinued operations
cash paid during the year for:
noncash investing and financing:
withdrawal of bond reserve funds
note receivable for sale of india operations
capital expenditures included in accounts payable
debt incurred for purchase of equipment
adjustments to reconcile net loss to net cash from operating activities, net of acquisitions:
stock based compensation expense
changes in operating assets and liabilities, net of acquisitions:
cash paid for business acquisitions
bond reserve funds
noncash investing and financing transactions:
bond reserve funds used to pay down debt
debt relieved in exchange for land
decrease (increase) in bond reserve funds
decrease in bond reserve funds																																																																						85,623		-2,259	-43,952	89,600
deferred tax liability
compensation expense																																																																									-1,851	4,541
capital expenditure included in accounts payable
adjustments to reconcile net loss to net cash from operating activities, net of acquisition:
proceeds from long term debt
noncash investing and financing activities
operating activities
net assets held for sale
adjustments to reconcile net loss to net cash used
in operating activities:
investment in patents
proceeds from the sale of common stock
proceeds from the sale of short-term investments

Clearfield, Inc(NASDAQ:CLFD)

Clearfield, Inc
(NASDAQ:CLFD)