LifeVantage Corporation (LFVN)

Analysis: Margins & Ratios Industry: Packaged Foods Sector: Consumer Defensive Live Price: $6.34

Income Statement Margins

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	TTM	TTM-1	2025-06-30	2024-06-30	2023-06-30	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30	2015-06-30	2014-06-30	2013-06-30	2012-06-30	2011-06-30	2010-06-30	2009-06-30	2008-06-30	2007-06-30	2006-06-30	2005-06-30	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31
Revenue	214,030,667	213,726,600	213,673,900	194,288,205	147,267,991	117,908,544	239,756,000	196,014,000	228,530,000	200,164,000	213,398,000	206,360,000	220,181,000	232,915,000	225,958,000	203,204,000	199,489,000	206,540,000	190,336,000	213,968,000	208,178,000	126,182,848	38,919,223	11,478,460	4,141,304	3,200,174	5,050,988	7,165,819	2,353,795	0	0	0	0	0	0	0	0
Cost of Revenue	43,230,333	41,195,000	38,414,800	33,730,970	25,596,643	20,493,056	46,486,000	40,751,000	44,864,000	41,440,000	43,387,000	38,097,000	38,187,000	37,964,000	37,973,000	34,848,000	33,456,000	33,932,000	28,010,000	33,194,000	36,643,000	18,052,151	5,917,394	1,905,992	852,804	695,386	1,022,792	1,491,332	393,551	0	0	0	0	0	0	0	0
Cost of Revenue Margin	20.22%	19.29%	17.99%	17.15%	17.86%	14.96%	19.39%	20.79%	19.63%	20.70%	20.33%	18.46%	17.34%	16.30%	16.81%	17.15%	16.77%	16.43%	14.72%	15.51%	17.60%	14.31%	15.20%	16.60%	20.59%	21.73%	20.25%	20.81%	16.72%	—	—	—	—	—	—	—	—
Gross Profit	170,800,333	172,531,600	175,259,100	160,557,235	121,671,348	97,415,488	193,270,000	155,263,000	183,666,000	158,724,000	170,011,000	168,263,000	181,994,000	194,951,000	187,985,000	168,356,000	166,033,000	172,608,000	162,326,000	180,774,000	171,535,000	108,130,697	33,001,829	9,572,468	3,288,500	2,504,788	4,028,196	5,674,487	1,960,244	0	0	0	0	0	0	0	0
Gross Profit Margin	79.78%	80.71%	82.01%	82.85%	82.14%	69.04%	80.61%	79.21%	80.37%	79.30%	79.67%	81.54%	82.66%	83.70%	83.19%	82.85%	83.23%	83.57%	85.28%	84.49%	82.40%	85.69%	84.80%	83.40%	79.41%	78.27%	79.75%	79.19%	83.28%	—	—	—	—	—	—	—	—
R&D Expenses	0	140,000	510,000	954,377	780,827	626,179	800,000	300,000	0	0	0	0	700,000	0	1,100,000	1,200,000	1,100,000	1,000,000	2,400,000	2,000,000	2,948,000	1,359,055	508,603	392,691	224,366	324,106	245,561	114,163	37,933	0	0	0	0	0	0	0	0
R&D Expenses Margin	0.00%	0.06%	0.24%	0.56%	1.69%	1.42%	0.33%	0.15%	0.00%	0.00%	0.00%	0.00%	0.32%	0.00%	0.49%	0.59%	0.55%	0.48%	1.26%	0.93%	1.42%	1.08%	1.31%	3.42%	5.42%	10.13%	4.86%	1.59%	1.61%	—	—	—	—	—	—	—	—
SG&A Expenses	69,581,333	87,309,600	127,301,500	123,399,887	94,860,815	76,021,382	71,425,000	106,826,000	69,207,000	68,472,000	71,065,000	63,425,000	164,379,000	179,485,000	178,171,000	158,033,000	161,584,000	159,194,000	148,427,000	161,326,000	154,860,000	84,793,987	28,576,319	16,246,827	10,696,182	3,763,799	7,347,105	8,164,079	3,255,528	12,242	9,409	16,350	24,730	15,204	0	0	0
SG&A Expenses Margin	32.60%	40.64%	59.49%	64.22%	87.01%	75.14%	29.79%	54.50%	30.28%	34.21%	33.30%	30.74%	74.66%	77.06%	78.85%	77.77%	81.00%	77.08%	77.98%	75.40%	74.39%	67.20%	73.42%	141.54%	258.28%	117.61%	145.46%	113.93%	138.31%	—	—	—	—	—	—	—	—
Operating Expenses	163,870,333	163,335,600	165,314,500	149,222,596	114,343,158	91,638,838	179,588,000	149,110,000	171,467,000	154,392,000	165,752,000	160,688,000	164,379,000	179,485,000	178,171,000	158,033,000	161,584,000	159,194,000	148,427,000	161,326,000	159,467,000	86,674,313	29,299,625	16,894,420	11,093,578	4,307,595	7,685,099	8,543,521	4,045,057	12,242	9,409	16,350	24,730	15,204	78,712	24,037	19,842
Operating Expenses Margin	76.61%	76.47%	77.41%	76.54%	98.46%	85.64%	74.90%	76.07%	75.03%	77.13%	77.67%	77.87%	74.66%	77.06%	78.85%	77.77%	81.00%	77.08%	77.98%	75.40%	76.60%	68.69%	75.28%	147.18%	267.88%	134.61%	152.15%	119.23%	171.85%	—	—	—	—	—	—	—	—
Operating Income (EBIT)	6,930,000	9,196,000	9,912,300	11,313,106	7,312,041	5,763,731	13,682,000	6,153,000	12,199,000	4,332,000	4,259,000	7,575,000	17,615,000	15,466,000	9,491,000	10,323,000	4,449,000	13,414,000	13,899,000	19,448,000	12,068,000	21,456,384	3,702,204	-7,321,952	-7,805,078	-1,802,807	-3,656,903	-2,869,034	-2,084,813	-12,242	-9,409	-16,350	-24,729	-15,203	-78,712	-24,037	-19,842
Operating Income (EBIT) Margin	3.17%	4.23%	4.58%	6.30%	-16.33%	-16.60%	5.71%	3.14%	5.34%	2.16%	2.00%	3.67%	8.00%	6.64%	4.20%	5.08%	2.23%	6.49%	7.30%	9.09%	5.80%	17.00%	9.51%	-63.79%	-188.47%	-56.33%	-72.40%	-40.04%	-88.57%	—	—	—	—	—	—	—	—
Interest Income	353,000	211,800	105,900	70,600	53,974	43,179	503,000	321,000	431,000	430,000	198,000	0	0	0	0	0	0	0	0	0	0	0	0	0	20,474	0	0	0	0	0	0	0	0	0	0	0	0
Interest Income Margin	0.17%	0.10%	0.05%	0.03%	0.05%	0.04%	0.21%	0.16%	0.19%	0.21%	0.09%	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%	0.49%	0.00%	0.00%	0.00%	0.00%	—	—	—	—	—	—	—	—
Interest Expense	0	5,400	481,700	1,141,416	1,263,966	1,011,173	0	0	0	0	0	10,000	17,000	120,000	323,000	456,000	570,000	3,321,000	3,087,000	3,177,000	3,000	44,234	5,993,000	6,828,049	1,330,030	0	0	0	0	0	0	0	0	0	0	0	0
Interest Expense Margin	0.00%	0.00%	0.23%	1.39%	5.62%	4.50%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.05%	0.14%	0.22%	0.29%	1.61%	1.62%	1.48%	0.00%	0.04%	15.40%	59.49%	32.12%	0.00%	0.00%	0.00%	0.00%	—	—	—	—	—	—	—	—
Net Interest Income	353,000	206,400	-375,800	-1,068,400	-1,208,180	-966,544	503,000	321,000	431,000	430,000	198,000	-10,000	-17,000	-120,000	-323,000	-456,000	-570,000	-3,321,000	-3,087,000	-3,177,000	-3,000	-8,000	-5,993,000	-6,828,049	-1,309,556	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income Margin	0.17%	0.10%	-0.18%	-1.36%	-5.57%	-4.46%	0.21%	0.16%	0.19%	0.21%	0.09%	0.00%	-0.01%	-0.05%	-0.14%	-0.22%	-0.29%	-1.61%	-1.62%	-1.48%	0.00%	-0.01%	-15.40%	-59.49%	-31.62%	0.00%	0.00%	0.00%	0.00%	—	—	—	—	—	—	—	—
Unusual Items	-287,000	486,600	1,533,300	6,385,196	-131,970,197	-105,551,255	-666,000	-266,000	-475,000	-448,000	62,000	2,894,000	400,000	925,000	584,000	1,231,000	2,109,000	8,051,000	6,333,000	5,970,000	918,000	6,828,993	60,394,954	10,554,425	-6,495,522	-1,802,807	-68,946	-2,737,369,034	685,294	-12,242	-9,409	-16,350	-24,729	-15,203	-78,712	-24,037	-19,842
Unusual Items Margin	-0.13%	0.24%	0.74%	11.64%	-1,907.42%	-1,524.77%	-0.28%	-0.14%	-0.21%	-0.22%	0.03%	1.40%	0.18%	0.40%	0.26%	0.61%	1.06%	3.90%	3.33%	2.79%	0.44%	5.41%	155.18%	91.95%	-156.85%	-56.33%	-1.37%	-38,200.37%	29.11%	—	—	—	—	—	—	—	—
EBT Excluding Unusual Items	7,151,000	8,016,400	7,221,500	-386,471	272,462,426	217,834,234	14,511,000	6,364,000	12,718,000	4,798,000	3,937,000	1,797,000	16,832,000	13,736,000	8,646,000	8,317,000	801,000	633,000	4,320,000	10,685,000	10,235,000	7,842,632	-111,094,704	-21,602,753	6,495,522	1,802,807	-3,519,011	5,471,869,034	-3,455,401	12,242	9,409	16,350	24,729	15,203	78,712	24,037	19,842
EBT Excluding Unusual Items Margin	3.27%	3.66%	3.28%	-15.61%	3,804.09%	3,037.40%	6.05%	3.25%	5.57%	2.40%	1.84%	0.87%	7.64%	5.90%	3.83%	4.09%	0.40%	0.31%	2.27%	4.99%	4.92%	6.22%	-285.45%	-188.20%	156.85%	56.33%	-69.67%	76,360.69%	-146.80%	—	—	—	—	—	—	—	—
Pre-Tax Income	6,864,000	8,503,000	8,754,800	5,998,725	140,492,230	112,282,979	13,845,000	6,098,000	12,243,000	4,350,000	3,999,000	4,691,000	17,232,000	14,661,000	9,230,000	9,548,000	2,910,000	8,684,000	10,653,000	16,655,000	11,153,000	14,671,625	-50,699,750	-11,048,328	0	0	-3,587,957	2,734,500,000	-2,770,107	0	0	0	0	0	0	0	0
Pre-Tax Income Margin	3.13%	3.90%	4.02%	-3.98%	1,896.67%	1,512.63%	5.77%	3.11%	5.36%	2.17%	1.87%	2.27%	7.83%	6.29%	4.08%	4.70%	1.46%	4.20%	5.60%	7.78%	5.36%	11.63%	-130.27%	-96.25%	0.00%	0.00%	-71.03%	38,160.33%	-117.69%	—	—	—	—	—	—	—	—
Income Tax Expense	1,770,000	2,243,800	2,388,600	2,577,570	138,874,796	111,251,850	2,396,000	1,964,000	2,438,000	1,413,000	1,459,000	1,571,000	4,338,000	3,112,000	1,801,000	3,787,000	1,302,000	2,665,000	3,666,000	5,272,000	3,545,000	2,202,548	92,000	0	1,309,556	251,632	36,676	2,737,234,501	3,737,584	12,242	9,430	16,350	24,730	15,204	78,712	24,037	19,842
Income Tax Expense Margin	0.82%	1.04%	1.11%	1.28%	1,912.90%	1,536.67%	1.00%	1.00%	1.07%	0.71%	0.68%	0.76%	1.97%	1.34%	0.80%	1.86%	0.65%	1.29%	1.93%	2.46%	1.70%	1.75%	0.24%	0.00%	31.62%	7.86%	0.73%	38,198.49%	158.79%	—	—	—	—	—	—	—	—
Net Income	5,094,000	6,259,200	6,366,200	3,421,155	1,133,592	671,468	11,449,000	4,134,000	9,805,000	2,937,000	2,540,000	3,120,000	12,894,000	11,549,000	7,429,000	5,761,000	1,608,000	6,019,000	6,987,000	11,383,000	7,608,000	12,469,077	-50,791,750	-11,048,328	-9,114,634	-2,054,439	-3,693,578	-2,734,501	-5,822,397	-12,242	-9,430	-16,350	-24,730	-15,204	-78,712	-24,037	-19,842
Net Income Margin	2.32%	2.86%	2.91%	-5.26%	-28.53%	-32.72%	4.78%	2.11%	4.29%	1.47%	1.19%	1.51%	5.86%	4.96%	3.29%	2.84%	0.81%	2.91%	3.67%	5.32%	3.65%	9.88%	-130.51%	-96.25%	-220.09%	-64.20%	-73.13%	-38.16%	-247.36%	—	—	—	—	—	—	—	—
Depreciation and Amortization	3,438,667	3,407,400	2,889,500	2,379,532	1,835,248	1,617,272	3,162,000	3,460,000	3,156,000	3,581,000	3,579,000	3,261,000	3,460,000	5,100,000	1,895,000	1,325,000	1,643,000	1,895,000	2,285,000	2,118,000	1,659,000	521,271	214,703	254,902	179,682	219,690	92,432	265,279	3,726,833	0	0	0	0	0	0	0	0
Depreciation and Amortization Margin	1.62%	1.60%	1.34%	1.16%	1.82%	7.79%	1.32%	1.77%	1.38%	1.79%	1.68%	1.58%	1.57%	2.19%	0.84%	0.65%	0.82%	0.92%	1.20%	0.99%	0.80%	0.41%	0.55%	2.22%	4.34%	6.86%	1.83%	3.70%	158.33%	—	—	—	—	—	—	—	—
EBITDA	10,368,667	12,028,600	12,182,400	9,557,275	6,068,196	4,917,728	16,971,000	9,613,000	15,355,000	7,913,000	7,838,000	7,962,000	21,075,000	19,881,000	11,448,000	11,329,000	5,123,000	13,900,000	16,025,000	21,950,000	12,815,000	15,237,130	-44,492,000	-6,812,148	-7,611,574	-1,537,802	-3,564,470	-2,469,222	1,642,020	-12,242	-9,409	-16,350	-24,729	-15,203	-78,712	-24,037	-19,842
EBITDA Margin	4.78%	5.56%	5.63%	-1.41%	-20.87%	-13.90%	7.08%	4.90%	6.72%	3.95%	3.67%	3.86%	9.57%	8.54%	5.07%	5.58%	2.57%	6.73%	8.42%	10.26%	6.16%	12.08%	-114.32%	-59.35%	-183.80%	-48.05%	-70.57%	-34.46%	69.76%	—	—	—	—	—	—	—	—
NOPAT	5,133,250	6,723,698	7,142,515	8,267,292	5,169,407	3,937,106	11,314,209	4,171,286	9,769,762	2,924,847	2,705,141	5,038,158	13,180,583	12,183,128	7,639,072	6,228,614	2,458,416	9,297,428	9,115,959	13,291,899	8,232,166	18,235,288	3,708,922	-7,321,952	-7,805,078	-1,802,807	-3,694,284	2,869	-4,897,760	-12,242	-9,409	-16,350	-24,729	-15,203	-78,712	-24,037	-19,842
NOPAT Margin	2.33%	3.09%	3.28%	4.79%	-15.50%	-20.72%	4.72%	2.13%	4.28%	1.46%	1.27%	2.44%	5.99%	5.23%	3.38%	3.07%	1.23%	4.50%	4.79%	6.21%	3.95%	14.45%	9.53%	-63.79%	-188.47%	-56.33%	-73.14%	0.04%	-208.08%	—	—	—	—	—	—	—	—
Owner's Earnings	7,037,333	7,944,400	7,253,900	3,739,671	1,395,126	1,027,406	12,965,000	7,427,000	11,590,000	4,722,000	4,800,000	3,632,000	14,978,000	14,014,000	6,818,000	2,437,000	2,196,000	7,352,000	8,113,000	11,253,000	4,187,000	10,744,076	-50,741,014	-10,840,130	-9,180,460	-1,905,047	-3,661,312	-2,605,589	-2,154,623	-12,242	-9,430	-16,350	-24,730	-15,204	-78,712	-24,037	-19,842
Owner's Earnings Margin	3.23%	3.65%	3.31%	-5.15%	-28.08%	-26.13%	5.41%	3.79%	5.07%	2.36%	2.25%	1.76%	6.80%	6.02%	3.02%	1.20%	1.10%	3.56%	4.26%	5.26%	2.01%	8.51%	-130.38%	-94.44%	-221.68%	-59.53%	-72.49%	-36.36%	-91.54%	—	—	—	—	—	—	—	—

Balance Sheet Margins

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	2025-06-30	2024-06-30	2023-06-30	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30	2015-06-30	2014-06-30	2013-06-30	2012-06-30	2011-06-30	2010-06-30	2009-06-30	2008-06-30	2007-06-30	2006-06-30	2005-06-30	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31
Revenue	214,030,667	213,726,600	213,673,900	194,288,205	147,267,991	117,908,544	228,530,000	200,164,000	213,398,000	206,360,000	220,181,000	232,915,000	225,958,000	203,204,000	199,489,000	206,540,000	190,336,000	213,968,000	208,178,000	126,182,848	38,919,223	11,478,460	4,141,304	3,200,174	5,050,988	7,165,819	2,353,795	0	0	0	0	0	0	0	0
Cash & Cash Equivalents	19,564,000	20,411,200	17,901,100	18,041,371	13,672,639	11,074,119	20,201,000	16,886,000	21,605,000	20,190,000	23,174,000	22,138,000	18,824,000	16,652,000	11,458,000	7,883,000	13,905,000	20,387,000	26,299,000	24,647,585	6,370,974	1,637,676	608,795	196,883	160,760	228,112	3,385,205	2,219	756	3,749	8,270	0	215	1,022	911
Cash & Cash Equivalents Margin	9.13%	9.54%	8.33%	9.91%	9.51%	13.36%	8.84%	8.44%	10.12%	9.78%	10.52%	9.50%	8.33%	8.19%	5.74%	3.82%	7.31%	9.53%	12.63%	19.53%	16.37%	14.27%	14.70%	6.15%	3.18%	3.18%	143.82%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Investments	0	0	0	23,333	265,929	212,743	0	0	0	0	0	0	0	0	0	0	0	0	0	0	350,000	340,000	520,000	1,100,000	0	3,008,573	0	0	0	0	0	0	0	305,410	305,410
Short-Term Investments Margin	0.00%	0.00%	0.00%	0.06%	4.64%	3.71%	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%	0.90%	2.96%	12.56%	34.37%	0.00%	41.99%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Cash & Short-Term Investments	19,564,000	20,411,200	17,901,100	18,064,704	13,938,568	11,286,862	20,201,000	16,886,000	21,605,000	20,190,000	23,174,000	22,138,000	18,824,000	16,652,000	11,458,000	7,883,000	13,905,000	20,387,000	26,299,000	24,647,585	6,720,974	1,977,676	1,128,795	1,296,883	160,760	3,236,685	3,385,205	2,219	756	3,749	8,270	0	215	306,432	306,321
Cash & Short-Term Investments Margin	9.13%	9.54%	8.33%	9.97%	14.15%	17.07%	8.84%	8.44%	10.12%	9.78%	10.52%	9.50%	8.33%	8.19%	5.74%	3.82%	7.31%	9.53%	12.63%	19.53%	17.27%	17.23%	27.26%	40.53%	3.18%	45.17%	143.82%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Receivables	3,014,667	3,619,400	3,032,600	2,983,206	2,333,730	1,907,789	3,929,000	3,262,000	1,853,000	5,090,000	3,963,000	2,610,000	3,302,000	2,518,000	2,247,000	1,552,000	3,210,000	5,998,000	3,939,000	333,295	941,802	401,597	767,866	98,008	398,463	260,569	1,020,131	0	0	0	0	0	0	2,200	2,200
Net Receivables Margin	1.41%	1.70%	1.42%	1.55%	2.99%	4.13%	1.72%	1.63%	0.87%	2.47%	1.80%	1.12%	1.46%	1.24%	1.13%	0.75%	1.69%	2.80%	1.89%	0.26%	2.42%	3.50%	18.54%	3.06%	7.89%	3.64%	43.34%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Inventory	17,265,667	16,882,800	16,737,300	13,963,230	10,542,979	8,443,169	20,669,000	15,055,000	16,073,000	16,472,000	16,145,000	13,888,000	13,753,000	13,627,000	16,575,000	25,116,000	9,248,000	8,826,000	10,524,000	11,352,789	2,124,663	493,858	740,014	104,415	27,834	45,001	219,644	0	0	0	0	0	0	0	0
Inventory Margin	8.03%	7.88%	7.86%	7.14%	6.69%	5.72%	9.04%	7.52%	7.53%	7.98%	7.33%	5.96%	6.09%	6.71%	8.31%	12.16%	4.86%	4.12%	5.06%	9.00%	5.46%	4.30%	17.87%	3.26%	0.55%	0.63%	9.33%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Current Assets	4,430,333	2,658,200	1,555,100	1,512,874	1,196,083	999,388	6,095,000	2,443,000	4,753,000	0	0	0	0	0	0	2,260,000	1,117,000	158,000	2,885,000	2,494,298	487,812	0	6,482	277,979	388,791	555,301	991,560	0	0	35,743	35,743	35,743	0	0	0
Other Current Assets Margin	2.04%	1.22%	0.72%	0.83%	1.84%	3.16%	2.67%	1.22%	2.23%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.09%	0.59%	0.07%	1.39%	1.98%	1.25%	0.00%	0.16%	8.69%	7.70%	7.75%	42.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Current Assets	44,274,667	45,567,000	43,178,400	39,818,415	30,541,524	24,677,972	50,894,000	37,646,000	44,284,000	46,957,000	48,054,000	43,868,000	43,188,000	38,938,000	35,546,000	42,409,000	30,475,000	39,973,000	45,941,000	38,827,967	10,275,251	3,026,995	2,985,832	1,973,383	1,153,830	4,414,215	6,032,346	2,219	756	39,492	44,013	35,743	215	308,632	308,521
Total Current Assets Margin	20.61%	21.28%	20.19%	21.05%	28.02%	32.67%	22.27%	18.81%	20.75%	22.75%	21.82%	18.83%	19.11%	19.16%	17.82%	20.53%	16.01%	18.68%	22.07%	30.77%	26.40%	26.37%	72.10%	61.66%	22.84%	61.60%	256.28%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Property, Plant & Equipment	16,484,667	18,963,400	12,324,400	9,590,711	7,237,461	5,798,007	14,248,000	17,382,000	17,824,000	20,540,000	24,823,000	8,126,000	7,131,000	6,587,000	3,127,000	3,456,000	5,759,000	6,941,000	5,692,000	1,996,849	227,811	196,353	274,741	63,559	108,915	245,000	200,944	0	0	0	0	0	0	0	0
Property, Plant & Equipment Margin	7.76%	8.90%	5.76%	4.59%	4.24%	3.73%	6.23%	8.68%	8.35%	9.95%	11.27%	3.49%	3.16%	3.24%	1.57%	1.67%	3.03%	3.24%	2.73%	1.58%	0.59%	1.71%	6.63%	1.99%	2.16%	3.42%	8.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Goodwill Margin	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%	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%
Intangible Assets	341,000	465,800	826,900	1,183,595	1,601,399	1,504,273	245,000	323,000	455,000	587,000	719,000	851,000	983,000	1,115,000	1,247,000	1,744,000	1,879,000	2,014,000	1,747,000	1,881,642	1,963,277	2,045,471	2,175,281	2,270,163	2,311,110	5,472,042	5,578,830	0	0	0	0	0	0	0	0
Intangible Assets Margin	0.16%	0.22%	0.39%	0.88%	13.83%	20.55%	0.11%	0.16%	0.21%	0.28%	0.33%	0.37%	0.44%	0.55%	0.63%	0.84%	0.99%	0.94%	0.84%	1.49%	5.04%	17.82%	52.53%	70.94%	45.76%	76.36%	237.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Investments	0	441,000	441,000	457,400	355,231	284,185	0	0	0	0	2,205,000	2,205,000	0	0	0	0	1,098,000	1,353,000	0	0	0	113,613	130,000	0	0	0	0	0	0	0	0	0	0	0	0
Long-Term Investments Margin	0.00%	0.20%	0.19%	0.21%	0.36%	0.29%	0.00%	0.00%	0.00%	0.00%	1.00%	0.95%	0.00%	0.00%	0.00%	0.00%	0.58%	0.63%	0.00%	0.00%	0.00%	0.99%	3.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Tax Assets	4,409,667	3,145,200	2,905,500	2,185,618	1,639,214	1,311,371	5,970,000	4,268,000	2,991,000	1,289,000	1,208,000	2,164,000	2,693,000	3,255,000	4,087,000	1,130,000	235,000	1,285,000	730,000	1,479,273	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax Assets Margin	2.05%	1.46%	1.36%	1.06%	0.79%	0.64%	2.61%	2.13%	1.40%	0.62%	0.55%	0.93%	1.19%	1.60%	2.05%	0.55%	0.12%	0.60%	0.35%	1.17%	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%
Other Non-Current Assets	616,667	981,200	1,185,600	1,164,685	968,194	778,662	601,000	680,000	569,000	1,333,000	1,723,000	1,663,000	1,278,000	1,247,000	1,242,000	1,520,000	1,433,000	2,433,000	1,374,000	342,105	32,173	844,792	149,818	241,931	340,440	316,621	31,192	35,743	35,743	0	0	0	182,910	0	0
Other Non-Current Assets Margin	0.29%	0.46%	0.55%	0.56%	1.91%	1.58%	0.26%	0.34%	0.27%	0.65%	0.78%	0.71%	0.57%	0.61%	0.62%	0.74%	0.75%	1.14%	0.66%	0.27%	0.08%	7.36%	3.62%	7.56%	6.74%	4.42%	1.33%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets Margin	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%	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%
Total Non-Current Assets	21,852,000	23,996,600	17,683,400	14,582,009	11,801,499	9,676,497	21,064,000	22,653,000	21,839,000	23,749,000	30,678,000	15,009,000	12,085,000	12,204,000	9,703,000	7,850,000	10,404,000	14,026,000	9,543,000	5,699,869	2,223,261	3,200,229	2,729,840	2,575,653	2,760,465	6,033,663	5,810,966	35,743	35,743	0	0	0	182,910	0	0
Total Non-Current Assets Margin	10.26%	11.24%	8.27%	7.30%	21.13%	26.78%	9.22%	11.32%	10.23%	11.51%	13.93%	6.44%	5.35%	6.01%	4.86%	3.80%	5.47%	6.56%	4.58%	4.52%	5.71%	27.88%	65.92%	80.48%	54.65%	84.20%	246.88%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Assets	66,126,667	69,563,600	60,861,800	54,400,423	42,343,023	34,354,469	71,958,000	60,299,000	66,123,000	70,706,000	78,732,000	58,877,000	55,273,000	51,142,000	45,249,000	50,259,000	40,879,000	53,999,000	55,484,000	44,527,836	12,498,512	6,227,224	5,715,672	4,549,036	3,914,295	10,447,878	11,843,312	37,962	36,499	39,492	44,013	35,743	183,125	308,632	308,521
Total Assets Margin	30.87%	32.52%	28.45%	28.35%	49.15%	59.45%	31.49%	30.12%	30.99%	34.26%	35.76%	25.28%	24.46%	25.17%	22.68%	24.33%	21.48%	25.24%	26.65%	35.29%	32.11%	54.25%	138.02%	142.15%	77.50%	145.80%	503.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Accounts Payable	5,190,333	6,217,000	5,843,000	4,898,927	3,859,324	3,114,403	5,059,000	6,287,000	4,225,000	7,923,000	7,591,000	4,611,000	5,180,000	3,813,000	4,850,000	8,891,000	2,614,000	2,854,000	5,171,000	3,615,697	799,210	770,941	2,029,290	139,803	148,699	613,833	657,527	9,971	4,775	1,329	0	2,000	106,772	40,456	24,225
Accounts Payable Margin	2.44%	2.92%	2.75%	2.51%	5.46%	5.49%	2.21%	3.14%	1.98%	3.84%	3.45%	1.98%	2.29%	1.88%	2.43%	4.30%	1.37%	1.33%	2.48%	2.87%	2.05%	6.72%	49.00%	4.37%	2.94%	8.57%	27.93%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt	0	0	745,400	1,581,932	1,280,827	1,024,662	0	0	0	0	0	0	1,454,000	2,000,000	2,000,000	2,000,000	11,141,000	4,700,000	0	0	433,984	1,136,346	581,444	167,466	2,301	0	0	0	0	0	0	22,000	29,406	27,517	19,600
Short-Term Debt Margin	0.00%	0.00%	0.36%	0.85%	2.10%	1.68%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.64%	0.98%	1.00%	0.97%	5.85%	2.20%	0.00%	0.00%	1.12%	9.90%	14.04%	5.23%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Tax Payables	2,126,333	2,274,800	1,625,100	1,349,445	1,012,084	809,667	2,189,000	2,460,000	1,730,000	2,206,000	2,789,000	2,825,000	592,000	39,000	215,000	1,206,000	809,000	1,894,000	742,000	545,672	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax Payables Margin	1.00%	1.07%	0.75%	0.64%	0.48%	0.38%	0.96%	1.23%	0.81%	1.07%	1.27%	1.21%	0.26%	0.02%	0.11%	0.58%	0.43%	0.89%	0.36%	0.43%	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%
Deferred Revenue	801,667	560,400	984,800	830,497	789,412	631,529	711,000	860,000	834,000	78,000	319,000	792,000	998,000	1,107,000	1,743,000	2,406,000	990,000	887,000	545,000	153,557	33,893	34,797	822,024	510,765	818,250	1,144,950	0	0	0	0	0	0	0	0	0
Deferred Revenue Margin	0.38%	0.26%	0.47%	0.41%	3.72%	2.98%	0.31%	0.43%	0.39%	0.04%	0.14%	0.34%	0.44%	0.54%	0.87%	1.16%	0.52%	0.41%	0.26%	0.12%	0.09%	0.30%	19.85%	15.96%	16.20%	15.98%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Current Liabilities	3,347,667	2,502,200	4,372,000	3,442,646	2,689,562	2,151,909	5,330,000	1,611,000	3,102,000	971,000	1,497,000	4,552,000	1,059,000	11,517,000	12,195,000	1,886,000	-4,686,000	1,502,000	1,952,000	1,246,782	7,904,911	1,823,065	328,479	0	0	0	0	4,500	2,000	0	0	0	20,000	20,000	20,000
Other Current Liabilities Margin	1.53%	1.15%	2.09%	2.76%	3.26%	2.61%	2.33%	0.80%	1.45%	0.47%	0.68%	1.95%	0.47%	5.67%	6.11%	0.91%	-2.46%	0.70%	0.94%	0.99%	20.31%	15.88%	7.93%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Current Liabilities	23,045,000	24,012,400	24,698,600	23,034,805	17,945,180	14,391,655	27,217,000	22,309,000	19,609,000	25,728,000	25,199,000	25,019,000	26,195,000	23,805,000	23,355,000	28,550,000	25,860,000	22,702,000	20,566,000	16,027,782	13,380,296	5,130,894	3,734,185	1,156,302	1,200,061	2,160,073	865,200	14,471	6,775	1,329	0	24,000	156,178	87,973	63,825
Total Current Liabilities Margin	10.75%	11.23%	11.57%	13.13%	21.09%	18.34%	11.91%	11.15%	9.19%	12.47%	11.44%	10.74%	11.59%	11.71%	11.71%	13.82%	13.59%	10.61%	9.88%	12.70%	34.38%	44.70%	90.17%	36.13%	23.76%	30.14%	36.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt	0	0	1,626,100	3,397,667	2,584,585	2,067,668	0	0	0	0	0	0	0	3,412,000	5,440,000	7,409,000	9,631,000	25,073,000	0	0	0	121,014	382,194	223,484	0	0	0	0	0	0	0	0	0	115,000	115,000
Long-Term Debt Margin	0.00%	0.00%	0.80%	1.65%	2.10%	1.68%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.68%	2.73%	3.59%	5.06%	11.72%	0.00%	0.00%	0.00%	1.05%	9.23%	6.98%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Capital Lease Obligations	12,792,333	14,463,000	7,349,900	4,899,933	45,977,224	36,781,779	11,678,000	13,612,000	13,087,000	15,755,000	18,183,000	1,184,000	0	0	0	0	0	0	0	0	0	0	41,490	846,000,000	846	3,146	0	0	0	0	0	0	0	0	0
Capital Lease Obligations Margin	6.01%	6.79%	3.44%	2.30%	1,323.58%	1,058.86%	5.11%	6.80%	6.13%	7.63%	8.26%	0.51%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.00%	26,436.06%	0.02%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Deferred Tax Liabilities	0	0	113,000	323,952	242,964	194,371	0	0	0	0	0	0	0	0	0	1,130,000	235,000	1,285,000	730,000	1,479,273	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Tax Liabilities Margin	0.00%	0.00%	0.05%	0.19%	0.14%	0.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.55%	0.12%	0.60%	0.35%	1.17%	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%
Other Non-Current Liabilities	262,000	357,600	1,034,500	2,319,360	3,019,705	2,415,764	289,000	198,000	299,000	308,000	694,000	604,000	1,879,000	1,978,000	1,927,000	2,169,000	2,063,000	2,234,000	243,000	0	19,905,401	17,150,310	8,453,387	0	0	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities Margin	0.12%	0.17%	0.49%	3.89%	20.59%	16.47%	0.13%	0.10%	0.14%	0.15%	0.32%	0.26%	0.83%	0.97%	0.97%	1.05%	1.08%	1.04%	0.12%	0.00%	51.15%	149.41%	204.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Non-Current Liabilities	11,321,333	12,830,400	8,897,000	9,939,154	8,771,084	7,016,867	10,100,000	11,999,000	11,865,000	13,462,000	16,726,000	604,000	1,879,000	5,390,000	7,367,000	9,578,000	11,694,000	27,307,000	973,000	216,885	19,926,418	17,271,324	8,835,581	223,484	846	3,146	0	0	0	0	0	0	0	115,000	115,000
Total Non-Current Liabilities Margin	5.32%	6.02%	4.22%	7.53%	24.19%	19.35%	4.42%	5.99%	5.56%	6.52%	7.60%	0.26%	0.83%	2.65%	3.69%	4.64%	6.14%	12.76%	0.47%	0.17%	51.20%	150.47%	213.35%	6.98%	0.02%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Liabilities	34,366,333	36,842,800	33,595,600	32,973,959	26,716,264	21,408,522	37,317,000	34,308,000	31,474,000	39,190,000	41,925,000	25,623,000	28,074,000	29,195,000	30,722,000	38,128,000	37,554,000	50,009,000	21,539,000	16,244,667	33,306,714	22,402,218	12,569,766	1,379,786	1,200,907	2,163,219	865,200	14,471	6,775	1,329	0	24,000	156,178	202,973	178,825
Total Liabilities Margin	16.07%	17.25%	15.79%	20.65%	45.28%	37.69%	16.33%	17.14%	14.75%	18.99%	19.04%	11.00%	12.42%	14.37%	15.40%	18.46%	19.73%	23.37%	10.35%	12.87%	85.58%	195.17%	303.52%	43.12%	23.78%	30.19%	36.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Margin	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%	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%
Common Stock	1,000	1,000	3,600	37,777	37,563	31,966	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	14,000	14,000	98,000	102,000	121,000	110,853	98,795	61,495	53,969	24,766	22,268	22,118	22,118	6,730	6,730	6,630	5,666	5,666	5,666	5,666	5,666
Common Stock Margin	0.00%	0.00%	0.00%	0.03%	0.19%	0.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.01%	0.05%	0.05%	0.06%	0.09%	0.25%	0.54%	1.30%	0.77%	0.44%	0.31%	0.94%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Retained Earnings	-103,730,000	-100,394,600	-101,303,900	-98,684,281	-78,913,583	-63,437,077	-104,147,000	-108,738,000	-98,305,000	-98,437,000	-92,346,000	-93,307,000	-99,960,000	-102,731,000	-106,992,000	-108,076,000	-114,095,000	-111,240,000	-76,476,000	-76,960,603	-88,453,607	-37,661,857	-23,872,990	-14,758,356	-12,703,917	-9,010,339	-6,275,838	-361,338	-355,105	-339,666	-323,316	-298,586	-283,382	-204,670	0
Retained Earnings Margin	-48.65%	-47.12%	-47.64%	-60.89%	-132.82%	-116.92%	-45.57%	-54.32%	-46.07%	-47.70%	-41.94%	-40.06%	-44.24%	-50.56%	-53.63%	-52.33%	-59.94%	-51.99%	-36.74%	-60.99%	-227.27%	-328.11%	-576.46%	-461.17%	-251.51%	-125.74%	-266.63%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Accumulated OCI	-1,484,000	-1,094,200	-530,200	-390,859	-318,608	-255,593	-1,175,000	-1,916,000	-1,361,000	-1,123,000	104,000	144,000	62,000	14,000	-94,000	43,000	-251,000	-116,000	-113,000	-21,197	-59,683	-31,777	-165,346	-156,856	-99,692	-55,607	-18,472	0	0	0	814	0	0	0	0
Accumulated OCI Margin	-0.70%	-0.52%	-0.25%	-0.20%	-0.74%	-0.63%	-0.51%	-0.96%	-0.64%	-0.54%	0.05%	0.06%	0.03%	0.01%	-0.05%	0.02%	-0.13%	-0.05%	-0.05%	-0.02%	-0.15%	-0.28%	-3.99%	-4.90%	-1.97%	-0.78%	-0.78%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest Margin	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%	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%
Total Shareholders’ Equity	31,760,333	32,720,800	27,266,200	21,426,464	15,626,759	12,945,947	34,641,000	25,991,000	34,649,000	31,516,000	36,807,000	33,254,000	27,199,000	21,947,000	14,527,000	12,131,000	3,325,000	3,990,000	33,945,000	28,283,169	-20,808,202	-16,174,994	-6,854,094	3,169,250	2,713,388	8,284,659	10,978,112	23,491	29,724	38,163	44,013	11,743	26,947	105,659	129,696
Total Shareholders’ Equity Margin	14.79%	15.27%	12.66%	7.70%	3.87%	21.75%	15.16%	12.98%	16.24%	15.27%	16.72%	14.28%	12.04%	10.80%	7.28%	5.87%	1.75%	1.86%	16.31%	22.41%	-53.47%	-140.92%	-165.51%	99.03%	53.72%	115.61%	466.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Equity	31,760,333	32,720,800	27,266,200	21,426,464	15,626,759	12,945,947	34,641,000	25,991,000	34,649,000	31,516,000	36,807,000	33,254,000	27,199,000	21,947,000	14,527,000	12,131,000	3,325,000	3,990,000	33,945,000	28,283,169	-20,808,202	-16,174,994	-6,854,094	3,169,250	2,713,388	8,284,659	10,978,112	23,491	29,724	38,163	44,013	11,743	26,947	105,659	129,696
Total Equity Margin	14.79%	15.27%	12.66%	7.70%	3.87%	21.75%	15.16%	12.98%	16.24%	15.27%	16.72%	14.28%	12.04%	10.80%	7.28%	5.87%	1.75%	1.86%	16.31%	22.41%	-53.47%	-140.92%	-165.51%	99.03%	53.72%	115.61%	466.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Liabilities & Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Liabilities & Equity Margin	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%	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%
Total Investments	0	441,000	441,000	480,733	621,159	496,927	0	0	0	0	2,205,000	2,205,000	0	0	0	0	1,098,000	1,353,000	0	0	350,000	453,613	650,000	1,100,000	0	3,008,573	0	0	0	0	0	0	0	305,410	305,410
Total Investments Margin	0.00%	0.20%	0.19%	0.27%	5.00%	4.00%	0.00%	0.00%	0.00%	0.00%	1.00%	0.95%	0.00%	0.00%	0.00%	0.00%	0.58%	0.63%	0.00%	0.00%	0.90%	3.95%	15.70%	34.37%	0.00%	41.99%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Debt	-6,771,667	-5,948,200	-8,179,700	-8,161,838	-6,130,004	-5,040,011	-8,523,000	-3,274,000	-8,518,000	-4,435,000	-4,991,000	-20,954,000	-17,370,000	-11,240,000	-4,018,000	1,526,000	6,867,000	9,386,000	-26,299,000	-24,647,585	-5,936,990	-380,316	396,333	194,067	-157,613	-224,966	-3,385,205	-2,219	-756	-3,749	-8,270	22,000	29,191	141,495	133,689
Net Debt Margin	-3.12%	-2.75%	-3.73%	-5.11%	-3.53%	-8.58%	-3.73%	-1.64%	-3.99%	-2.15%	-2.27%	-9.00%	-7.69%	-5.53%	-2.01%	0.74%	3.61%	4.39%	-12.63%	-19.53%	-15.25%	-3.31%	9.57%	6.06%	-3.12%	-3.14%	-143.82%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Capital Metrics

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	2025-06-30	2024-06-30	2023-06-30	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30	2015-06-30	2014-06-30	2013-06-30	2012-06-30	2011-06-30	2010-06-30	2009-06-30	2008-06-30	2007-06-30	2006-06-30	2005-06-30	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31
Revenue	214,030,667	213,726,600	213,673,900	194,288,205	147,267,991	117,908,544	228,530,000	200,164,000	213,398,000	206,360,000	220,181,000	232,915,000	225,958,000	203,204,000	199,489,000	206,540,000	190,336,000	213,968,000	208,178,000	126,182,848	38,919,223	11,478,460	4,141,304	3,200,174	5,050,988	7,165,819	2,353,795	0	0	0	0	0	0	0	0
Working Capital	21,229,667	21,554,600	18,479,800	16,783,609	12,596,344	10,286,317	23,677,000	15,337,000	24,675,000	21,229,000	22,855,000	18,849,000	16,993,000	15,133,000	12,191,000	13,859,000	4,615,000	17,271,000	25,375,000	22,800,185	-3,105,045	-2,103,899	-748,353	817,081	-46,231	2,254,142	5,167,146	-12,252	-6,019	38,163	44,013	11,743	-155,963	220,659	244,696
Working Capital Margin	9.86%	10.05%	8.61%	7.93%	6.93%	14.32%	10.36%	7.66%	11.56%	10.29%	10.38%	8.09%	7.52%	7.45%	6.11%	6.71%	2.42%	8.07%	12.19%	18.07%	-7.98%	-18.33%	-18.07%	25.53%	-0.92%	31.46%	219.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Capital	44,552,667	47,183,800	36,987,600	31,305,997	23,169,395	18,980,056	46,319,000	39,603,000	47,736,000	47,271,000	54,990,000	34,438,000	28,653,000	27,359,000	21,967,000	21,540,000	24,097,000	33,763,000	33,945,000	28,283,169	-20,374,218	-14,917,634	-5,848,966	3,560,200	2,716,535	8,287,805	10,978,112	23,491	29,724	38,163	44,013	33,743	56,353	248,176	264,296
Total Capital Margin	20.81%	22.06%	17.27%	12.50%	9.85%	26.54%	20.27%	19.79%	22.37%	22.91%	24.97%	14.79%	12.68%	13.46%	11.01%	10.43%	12.66%	15.78%	16.31%	22.41%	-52.35%	-129.96%	-141.23%	111.25%	53.78%	115.66%	466.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Capital Employed	43,081,667	45,551,200	36,163,200	31,365,618	24,397,843	19,962,815	44,741,000	37,990,000	46,514,000	44,978,000	53,533,000	33,858,000	29,078,000	27,337,000	21,894,000	21,709,000	15,019,000	31,297,000	34,918,000	28,500,054	-881,784	1,096,330	1,981,487	3,392,734	2,714,234	8,287,805	10,978,112	23,491	29,724	38,163	44,013	11,743	26,947	220,659	244,696
Capital Employed Margin	20.12%	21.29%	16.88%	15.23%	28.06%	41.11%	19.58%	18.98%	21.80%	21.80%	24.31%	14.54%	12.87%	13.45%	10.98%	10.51%	7.89%	14.63%	16.77%	22.59%	-2.27%	9.55%	47.85%	106.02%	53.74%	115.66%	466.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital	24,988,667	26,772,600	19,086,500	13,264,626	9,496,755	7,905,936	26,118,000	22,717,000	26,131,000	27,081,000	31,816,000	12,300,000	9,829,000	10,707,000	10,509,000	13,657,000	10,192,000	13,376,000	7,646,000	3,635,584	-26,745,192	-16,555,310	-6,457,761	3,363,317	2,555,775	8,059,693	7,592,907	21,272	28,968	34,414	35,743	33,743	56,138	247,154	263,385
Invested Capital Margin	11.67%	12.52%	8.94%	2.59%	0.34%	13.18%	11.43%	11.35%	12.25%	13.12%	14.45%	5.28%	4.35%	5.27%	5.27%	6.61%	5.35%	6.25%	3.67%	2.88%	-68.72%	-144.23%	-155.94%	105.10%	50.60%	112.47%	322.58%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Cash Flow Margins

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	2025-06-30	2024-06-30	2023-06-30	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30	2015-06-30	2014-06-30	2013-06-30	2012-06-30	2011-06-30	2010-06-30	2009-06-30	2008-06-30	2007-06-30	2006-06-30	2005-06-30	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31
Revenue	214,030,667	213,726,600	213,673,900	194,288,205	147,267,991	117,908,544	228,530,000	200,164,000	213,398,000	206,360,000	220,181,000	232,915,000	225,958,000	203,204,000	199,489,000	206,540,000	190,336,000	213,968,000	208,178,000	126,182,848	38,919,223	11,478,460	4,141,304	3,200,174	5,050,988	7,165,819	2,353,795	0	0	0	0	0	0	0	0
Net Income	7,383,333	7,516,800	6,995,000	3,840,355	1,447,992	922,988	9,805,000	9,805,000	2,540,000	2,540,000	12,894,000	11,549,000	7,429,000	5,761,000	1,608,000	6,019,000	6,987,000	11,383,000	7,608,000	12,469,077	-50,791,750	-11,048,328	-9,114,634	-2,054,439	-3,693,578	-2,734,501	-5,822,397	-12,242	-9,430	-16,350	-24,730	-15,204	-78,712	-24,037	-19,842
Net Income Margin	3.46%	3.49%	3.23%	-5.05%	-28.38%	-32.60%	4.29%	4.90%	1.19%	1.23%	5.86%	4.96%	3.29%	2.84%	0.81%	2.91%	3.67%	5.32%	3.65%	9.88%	-130.51%	-96.25%	-220.09%	-64.20%	-73.13%	-38.16%	-247.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Depreciation & Amortization	3,879,667	4,208,600	3,294,700	2,649,665	2,037,848	1,779,352	3,156,000	3,156,000	5,327,000	3,579,000	5,825,000	5,146,000	1,895,000	1,325,000	1,643,000	1,895,000	2,285,000	2,118,000	1,659,000	521,271	214,703	254,902	179,682	219,690	92,432	265,279	3,726,833	0	0	0	0	0	0	0	0
Depreciation & Amortization Margin	1.82%	1.97%	1.53%	1.28%	1.91%	7.86%	1.38%	1.58%	2.50%	1.73%	2.65%	2.21%	0.84%	0.65%	0.82%	0.92%	1.20%	0.99%	0.80%	0.41%	0.55%	2.22%	4.34%	6.86%	1.83%	3.70%	158.33%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Deferred Income Tax	-1,135,333	-1,021,600	-700,800	2,828,756	-16,105,378,433	-12,884,302,747	-1,703,000	-1,703,000	0	-1,702,000	0	0	563,000	831,000	-740,000	-2,554,000	91,000	2,172,000	-892,000	-2,723,415	50,791,750	0	0	-322,150,000,000	0	0	0	0	0	0	0	0	0	0	0
Deferred Income Tax Margin	-0.53%	-0.48%	-0.34%	8.37%	-503,325.73%	-402,660.58%	-0.75%	-0.85%	0.00%	-0.82%	0.00%	0.00%	0.25%	0.41%	-0.37%	-1.24%	0.05%	1.02%	-0.43%	-2.16%	130.51%	0.00%	0.00%	-10,066,640.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Stock-Based Compensation	4,864,000	3,963,200	3,872,400	3,182,737	16,110,092,761	12,888,074,209	5,702,000	5,702,000	3,188,000	3,188,000	2,036,000	4,919,000	5,525,000	3,196,000	2,647,000	2,621,000	1,806,000	2,953,000	2,169,000	1,322,566	766,485	2,659,915	1,454,249	322,150,000,000	0	0	0	0	0	0	0	0	0	0	0
Stock-Based Compensation Margin	2.28%	1.86%	1.80%	1.63%	503,336.14%	402,668.91%	2.50%	2.85%	1.49%	1.54%	0.92%	2.11%	2.45%	1.57%	1.33%	1.27%	0.95%	1.38%	1.04%	1.05%	1.97%	23.17%	35.12%	10,066,640.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Change in Working Capital	-4,244,333	-4,589,000	-2,601,500	-2,237,077	-1,563,184	-1,326,929	-6,550,000	-6,550,000	367,000	-2,558,000	-7,654,000	-3,434,000	2,335,000	2,111,000	1,058,000	-5,140,000	1,599,000	-6,802,000	-3,805,000	1,021,326	445,519	168,630	1,066,957	399,639	-799,687	1,456,938	-1,917,520	9,207	-565	1,329	-2,000	-112,178	68,516	16,231	6,360
Change in Working Capital Margin	-1.99%	-2.14%	-1.20%	-0.95%	1.50%	-2.06%	-2.87%	-3.27%	0.17%	-1.24%	-3.48%	-1.47%	1.03%	1.04%	0.53%	-2.49%	0.84%	-3.18%	-1.83%	0.81%	1.14%	1.47%	25.76%	12.49%	-15.83%	20.33%	-81.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Accounts Receivable	143,333	646,600	390,800	62,020	15,022,781,336	12,018,225,069	-564,000	-564,000	1,558,000	3,068,000	-265,000	-539,000	14,000	-730,000	160,000	1,770,000	2,651,000	-2,044,000	-3,653,000	608,507	-540,205	246,519	-550,108	300,455,000,000	0	0	0	0	0	0	0	0	0	0	0
Accounts Receivable Margin	0.07%	0.31%	0.19%	-0.02%	469,434.84%	375,547.87%	-0.25%	-0.28%	0.73%	1.49%	-0.12%	-0.23%	0.01%	-0.36%	0.08%	0.86%	1.39%	-0.96%	-1.75%	0.48%	-1.39%	2.15%	-13.28%	9,388,708.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Inventory	-3,457,000	-2,475,800	-1,698,300	-2,032,529	-1,538,107	-1,239,272	-5,216,000	-5,216,000	61,000	61,000	-2,069,000	-152,000	-64,000	2,953,000	8,309,000	-15,650,000	-936,000	1,646,000	-3,356,000	-9,228,126	-1,630,805	246,156	-635,599	-76,581	17,167	174,643	-219,644	0	0	0	0	0	0	0	0
Inventory Margin	-1.62%	-1.15%	-0.78%	-1.38%	-1.67%	-1.71%	-2.28%	-2.61%	0.03%	0.03%	-0.94%	-0.07%	-0.03%	1.45%	4.17%	-7.58%	-0.49%	0.77%	-1.61%	-7.31%	-4.19%	2.14%	-15.35%	-2.39%	0.34%	2.44%	-9.33%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Accounts Payable	-863,333	-1,314,400	-876,400	-457,883	-445,111,855	-356,089,484	-1,295,000	-1,295,000	0	-3,982,000	0	0	1,369,000	-1,024,000	-6,210,000	3,673,000	-171,000	-2,384,000	1,606,000	2,816,487	28,269	-1,258,349	1,889,487	-8,896,000,000	0	0	0	0	0	0	0	0	0	0	0
Accounts Payable Margin	-0.40%	-0.63%	-0.44%	-0.17%	-13,897.64%	-11,118.11%	-0.57%	-0.65%	0.00%	-1.93%	0.00%	0.00%	0.61%	-0.50%	-3.11%	1.78%	-0.09%	-1.11%	0.77%	2.23%	0.07%	-10.96%	45.63%	-277,984.88%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Working Capital	-67,333	-1,445,400	-417,600	191,315	-14,577,694,557	-11,662,223,610	525,000	525,000	-1,252,000	-1,705,000	-5,320,000	-2,743,000	1,016,000	912,000	-1,201,000	5,067,000	55,000	-4,020,000	1,598,000	6,824,458	2,588,260	934,304	363,177	-291,558,523,780	-816,854	1,282,295	-1,697,876	0	-565	1,329	-2,000	-112,178	68,516	16,231	6,360
Other Working Capital Margin	-0.03%	-0.67%	-0.18%	0.61%	-455,534.03%	-364,430.11%	0.23%	0.26%	-0.59%	-0.83%	-2.42%	-1.18%	0.45%	0.45%	-0.60%	2.45%	0.03%	-1.88%	0.77%	5.41%	6.65%	8.14%	8.77%	-9,110,708.47%	-16.17%	17.89%	-72.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Non-Cash Items	-552,667	659,000	704,100	1,448,689	1,422,966	1,182,657	1,468,000	1,468,000	-4,594,000	1,781,000	3,172,000	146,000	42,000	32,000	381,000	3,145,000	453,000	281,000	3,923,000	6,778,123	3,254,218	3,465,398	1,206,842	687,333	1,272,743	96,655	1,100,107	0	0	0	7,000	0	9,389	7,917	12,100
Other Non-Cash Items Margin	-0.26%	0.31%	0.33%	1.29%	6.33%	6.94%	0.64%	0.73%	-2.15%	0.86%	1.44%	0.06%	0.02%	0.02%	0.19%	1.52%	0.24%	0.13%	1.88%	5.37%	8.36%	30.19%	29.14%	21.48%	25.20%	1.35%	46.74%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Cash from Operating Activities	10,194,667	10,737,000	11,563,900	11,713,125	8,059,950	6,329,529	11,878,000	11,878,000	6,828,000	6,828,000	16,273,000	18,326,000	17,789,000	13,256,000	6,597,000	5,986,000	13,221,000	12,105,000	10,662,000	19,388,948	4,680,925	-4,499,483	-5,206,904	-747,777	-3,128,090	-915,629	-2,912,977	-3,035	-9,995	-15,021	-19,730	-127,382	-807	111	-1,382
Net Cash from Operating Activities Margin	4.78%	5.01%	5.35%	6.57%	-8.22%	-11.53%	5.20%	5.93%	3.20%	3.31%	7.39%	7.87%	7.87%	6.52%	3.31%	2.90%	6.95%	5.66%	5.12%	15.37%	12.03%	-39.20%	-125.73%	-23.37%	-61.93%	-12.78%	-123.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Capital Expenditures (PPE)	-1,936,333	-2,523,400	-2,407,000	-2,331,149	-1,776,314	-1,423,414	-1,371,000	-1,371,000	-3,067,000	-3,067,000	-3,741,000	-2,681,000	-2,506,000	-4,649,000	-1,055,000	-562,000	-1,159,000	-2,248,000	-5,080,000	-2,246,272	-163,967	-46,704	-245,508	-70,298	-60,166	-136,367	-59,059	0	0	0	0	0	0	0	0
Capital Expenditures (PPE) Margin	-0.91%	-1.18%	-1.13%	-1.17%	-1.46%	-1.27%	-0.60%	-0.68%	-1.44%	-1.49%	-1.70%	-1.15%	-1.11%	-2.29%	-0.53%	-0.27%	-0.61%	-1.05%	-2.44%	-1.78%	-0.42%	-0.41%	-5.93%	-2.20%	-1.19%	-1.90%	-2.51%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Acquisitions (Net)	1,333	800	400	267	-17,735,099,800	-14,188,079,840	4,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-354,702,000,000	0	0	0	0	0	0	0	0	0	0	0
Acquisitions (Net) Margin	0.00%	0.00%	0.00%	0.00%	-554,191.74%	-443,353.39%	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%	-11,083,834.82%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Purchases of Investments	0	0	0	0	-229,459	-183,567	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-1,525,000	0	-3,064,180	0	0	0	0	0	0	0	0	0
Purchases of Investments Margin	0.00%	0.00%	0.00%	0.00%	-4.52%	-3.62%	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%	-47.65%	0.00%	-42.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Sales / Maturities of Investments	0	0	0	28,333	229,459	183,567	0	0	0	0	0	0	0	0	0	0	0	0	0	350,000	75,000	225,000	450,000	425,000	3,064,180	0	0	0	0	0	0	0	0	0	0
Sales / Maturities of Investments Margin	0.00%	0.00%	0.00%	0.03%	4.36%	3.49%	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%	0.28%	0.19%	1.96%	10.87%	13.28%	60.66%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Investing Activities	4,000	5,400	-823,900	-1,120,883	17,734,268,187	14,187,394,806	0	4,000	8,000	8,000	7,000	0	-2,000,000	-4,649,000	-1,055,000	-562,000	-1,159,000	-350,000	-5,080,000	-1,896,272	-88,967	178,296	0	354,702,000,000	58,558	-59,879	-493,589	0	0	0	0	147,167	0	0	0
Other Investing Activities Margin	0.00%	0.00%	-0.40%	-0.59%	554,191.39%	443,352.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.89%	-2.29%	-0.53%	-0.27%	-0.61%	-0.16%	-2.44%	-1.50%	-0.23%	1.55%	0.00%	11,083,834.82%	1.16%	-0.84%	-20.97%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Cash from Investing Activities	-1,931,000	-2,517,200	-2,603,900	-2,434,083	-1,874,830	-1,521,970	-1,367,000	-1,367,000	-3,059,000	-3,059,000	-3,734,000	-2,681,000	-4,506,000	-4,649,000	-1,055,000	-562,000	-1,159,000	-2,248,000	-5,080,000	-1,896,272	-88,967	178,296	204,492	-1,170,298	3,062,572	-3,260,426	-552,648	0	0	0	0	147,167	0	0	0
Net Cash from Investing Activities Margin	-0.90%	-1.18%	-1.21%	-1.20%	-1.65%	-2.26%	-0.60%	-0.68%	-1.43%	-1.48%	-1.70%	-1.15%	-1.99%	-2.29%	-0.53%	-0.27%	-0.61%	-1.05%	-2.44%	-1.50%	-0.23%	1.55%	4.94%	-36.57%	60.63%	-45.50%	-23.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Debt Issuance	0	0	-2,162,500	-107,267	-61,635	62,452	0	0	0	0	0	-1,500,000	-4,000,000	-2,000,000	-2,000,000	-12,125,000	-9,200,000	29,650,000	0	-434,000	0	-189,857	404,994	164,319	-1,984	-1,169	2,794,000	0	0	0	0	-20,000	0	0	-7,500
Net Debt Issuance Margin	0.00%	0.00%	-1.03%	-0.11%	0.58%	5.21%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.64%	-1.77%	-0.98%	-1.00%	-5.87%	-4.83%	13.86%	0.00%	-0.34%	0.00%	-1.65%	9.78%	5.13%	-0.04%	-0.02%	118.70%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt Issuance	0	0	-2,162,500	-107,267	-83,289	45,129	0	0	0	0	0	-1,500,000	-4,000,000	-2,000,000	-2,000,000	-12,125,000	-9,200,000	29,650,000	0	-434,000	0	-41,490	-9,830	-2,301	-1,984	-1,169	2,794,000	0	0	0	0	-20,000	0	0	-7,500
Long-Term Debt Issuance Margin	0.00%	0.00%	-1.03%	-0.11%	-0.12%	4.66%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.64%	-1.77%	-0.98%	-1.00%	-5.87%	-4.83%	13.86%	0.00%	-0.34%	0.00%	-0.36%	-0.24%	-0.07%	-0.04%	-0.02%	118.70%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt Issuance	0	0	0	-28,932	-45	-36	0	0	0	0	0	0	0	0	0	0	0	0	0	-433,984	0	-148,367	414,824	166,620	0	0	0	0	0	0	0	0	0	0	0
Short-Term Debt Issuance Margin	0.00%	0.00%	0.00%	-0.02%	0.68%	0.54%	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%	-0.34%	0.00%	-1.29%	10.02%	5.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Stock Issuance	-3,233,666	-4,814,600	-4,504,600	-7,266,450	-5,104,747	-3,922,427	-2,867,000	-5,811,000	-1,022,999	-1,023,000	-13,349,000	-11,651,000	-7,822,000	-1,500,000	0	0	-9,850,000	-46,171,000	-7,123,000	-976,000	169,246	916,265	5,531,830	453,571	150	0	3,988,767	0	7,000	10,500	28,000	0	0	0	7,500
Net Stock Issuance Margin	-1.55%	-2.24%	-2.04%	-3.39%	5.24%	10.97%	-1.25%	-2.90%	-0.48%	-0.50%	-6.06%	-5.00%	-3.46%	-0.74%	0.00%	0.00%	-5.18%	-21.58%	-3.42%	-0.77%	0.43%	7.98%	133.58%	14.17%	0.00%	0.00%	169.46%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Stock Issuance	93,333	56,000	58,300	50,150	382,703	507,535	280,000	0	0	0	0	0	0	0	42,000	261,000	0	0	0	0	169,246	916,265	5,531,830	453,571	150	0	4,988,811	0	7,000	10,500	28,000	0	0	0	7,500
Common Stock Issuance Margin	0.04%	0.02%	0.03%	0.05%	7.82%	14.74%	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.13%	0.00%	0.00%	0.00%	0.00%	0.43%	7.98%	133.58%	14.17%	0.00%	0.00%	211.95%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Stock Repurchased	-3,327,000	-4,870,600	-4,532,600	-7,296,405	-5,472,304	-4,377,843	-3,147,000	-5,811,000	-1,022,999	-1,023,000	-13,349,000	-11,651,000	-7,822,000	-1,500,000	0	0	-9,850,000	-46,171,000	-7,123,000	-976,073	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock Repurchased Margin	-1.59%	-2.26%	-2.05%	-3.43%	-2.57%	-2.06%	-1.38%	-2.90%	-0.48%	-0.50%	-6.06%	-5.00%	-3.46%	-0.74%	0.00%	0.00%	-5.18%	-21.58%	-3.42%	-0.77%	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%
Preferred Stock Issuance	0	0	0	0	0	-40,002	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-1,000,044	0	0	0	0	0	0	0	0
Preferred Stock Issuance Margin	0.00%	0.00%	0.00%	0.00%	0.00%	-1.70%	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%	0.00%	0.00%	-42.49%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Dividends Paid	-1,906,667	-1,461,200	-730,600	-487,067	-365,300	-292,240	-2,067,000	-2,067,000	-1,586,000	-1,586,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Dividends Paid Margin	-0.89%	-0.69%	-0.34%	-0.23%	-0.17%	-0.14%	-0.90%	-1.03%	-0.74%	-0.77%	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%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Dividends Paid	-1,906,667	-1,461,200	-730,600	-487,067	-365,300	-292,240	-2,067,000	-2,067,000	-1,586,000	-1,586,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Common Dividends Paid Margin	-0.89%	-0.69%	-0.34%	-0.23%	-0.17%	-0.14%	-0.90%	-1.03%	-0.74%	-0.77%	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%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Dividends Paid Margin	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%	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%
Other Financing Activities	-710,667	3,200	191,700	565,697	697,735	559,104	-2,664,000	280,000	251,999	252,000	1,896,000	729,000	701,000	1,000	42,000	428,000	596,000	717,000	3,100,000	2,155,449	0	4,655,437	-522,500	1,336,308	0	0	18,400	4,500	0	0	0	0	0	0	0
Other Financing Activities Margin	-0.30%	0.02%	0.09%	0.32%	3.72%	3.01%	-1.17%	0.14%	0.12%	0.12%	0.86%	0.31%	0.31%	0.00%	0.02%	0.21%	0.31%	0.34%	1.49%	1.71%	0.00%	40.56%	-12.62%	41.76%	0.00%	0.00%	0.78%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Cash from Financing Activities	-5,851,000	-6,272,600	-7,206,000	-7,295,087	-4,833,947	-3,593,111	-7,598,000	-7,598,000	-2,357,000	-2,357,000	-11,453,000	-12,422,000	-11,121,000	-3,499,000	-1,958,000	-11,697,000	-18,454,000	-15,804,000	-4,023,000	745,449	169,246	5,381,845	5,414,324	1,954,198	-1,834	-1,169	6,801,167	4,500	7,000	10,500	28,000	-20,000	0	0	0
Net Cash from Financing Activities Margin	-2.74%	-2.91%	-3.32%	-3.41%	9.37%	19.06%	-3.32%	-3.80%	-1.10%	-1.14%	-5.20%	-5.33%	-4.92%	-1.72%	-0.98%	-5.66%	-9.70%	-7.39%	-1.93%	0.59%	0.43%	46.89%	130.74%	61.07%	-0.04%	-0.02%	288.94%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Effect of FX on Cash	269,000	152,000	118,900	82,439	60,240	48,192	402,000	402,000	3,000	3,000	-50,000	91,000	10,000	86,000	-9,000	251,000	-90,000	35,000	92,000	38,486	-27,906	-31,777	0	0	0	0	0	0	0	0	0	0	0	0	0
Effect of FX on Cash Margin	0.13%	0.07%	0.06%	0.04%	0.01%	0.01%	0.18%	0.20%	0.00%	0.00%	-0.02%	0.04%	0.00%	0.04%	0.00%	0.12%	-0.05%	0.02%	0.04%	0.03%	-0.07%	-0.28%	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 Change in Cash	2,681,667	2,099,200	1,872,900	2,066,394	1,411,412	1,262,640	3,315,000	3,315,000	1,415,000	1,415,000	1,036,000	3,314,000	2,172,000	5,194,000	3,575,000	-6,022,000	-6,482,000	-5,912,000	1,651,000	18,276,611	4,733,298	1,028,881	411,912	36,123	-67,352	-4,177,224	3,335,542	1,465	-2,995	-4,521	8,270	-215	-807	111	-1,382
Net Change in Cash Margin	1.26%	0.99%	0.87%	2.00%	-0.48%	5.29%	1.45%	1.66%	0.66%	0.69%	0.47%	1.42%	0.96%	2.56%	1.79%	-2.92%	-3.41%	-2.76%	0.79%	14.48%	12.16%	8.96%	9.95%	1.13%	-1.33%	-58.29%	141.71%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Cash at Beginning of Period	17,987,333	19,258,000	16,501,200	16,290,310	12,497,727	10,000,679	16,886,000	16,886,000	20,190,000	20,190,000	22,138,000	18,824,000	16,652,000	11,458,000	7,883,000	13,905,000	20,387,000	26,299,000	24,648,000	6,370,974	1,637,676	608,795	196,883	160,760	228,112	4,405,336	49,663	754	3,749	8,270	0	215	1,022	911	2,293
Cash at Beginning of Period Margin	8.43%	9.02%	7.69%	8.07%	10.10%	8.17%	7.39%	8.44%	9.46%	9.78%	10.05%	8.08%	7.37%	5.64%	3.95%	6.73%	10.71%	12.29%	11.84%	5.05%	4.21%	5.30%	4.75%	5.02%	4.52%	61.48%	2.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Cash at End of Period	20,669,000	21,357,200	18,374,100	18,356,704	13,909,139	11,263,319	20,201,000	20,201,000	21,605,000	21,605,000	23,174,000	22,138,000	18,824,000	16,652,000	11,458,000	7,883,000	13,905,000	20,387,000	26,299,000	24,647,585	6,370,974	1,637,676	608,795	196,883	160,760	228,112	3,385,205	2,219	754	3,749	8,270	0	215	1,022	911
Cash at End of Period Margin	9.69%	10.01%	8.56%	10.07%	9.62%	13.45%	8.84%	10.09%	10.12%	10.47%	10.52%	9.50%	8.33%	8.19%	5.74%	3.82%	7.31%	9.53%	12.63%	19.53%	16.37%	14.27%	14.70%	6.15%	3.18%	3.18%	143.82%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow	10,194,667	10,737,000	11,563,900	11,713,125	8,059,950	6,329,529	11,878,000	11,878,000	6,828,000	6,828,000	16,273,000	18,326,000	17,789,000	13,256,000	6,597,000	5,986,000	13,221,000	12,105,000	10,662,000	19,388,948	4,680,925	-4,499,483	-5,206,904	-747,777	-3,128,090	-915,629	-2,912,977	-3,035	-9,995	-15,021	-19,730	-127,382	-807	111	-1,382
Operating Cash Flow Margin	4.78%	5.01%	5.35%	6.57%	-8.22%	-11.53%	5.20%	5.93%	3.20%	3.31%	7.39%	7.87%	7.87%	6.52%	3.31%	2.90%	6.95%	5.66%	5.12%	15.37%	12.03%	-39.20%	-125.73%	-23.37%	-61.93%	-12.78%	-123.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Capital Expenditure	-1,936,333	-2,523,400	-2,407,000	-2,331,149	-1,776,314	-1,423,414	-1,371,000	-1,371,000	-3,067,000	-3,067,000	-3,741,000	-2,681,000	-2,506,000	-4,649,000	-1,055,000	-562,000	-1,159,000	-2,248,000	-5,080,000	-2,246,272	-163,967	-46,704	-245,508	-70,298	-60,166	-136,367	-59,059	0	0	0	0	0	0	0	0
Capital Expenditure Margin	-0.91%	-1.18%	-1.13%	-1.17%	-1.46%	-1.27%	-0.60%	-0.68%	-1.44%	-1.49%	-1.70%	-1.15%	-1.11%	-2.29%	-0.53%	-0.27%	-0.61%	-1.05%	-2.44%	-1.78%	-0.42%	-0.41%	-5.93%	-2.20%	-1.19%	-1.90%	-2.51%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow	8,258,333	8,213,600	9,156,900	9,381,976	6,283,635	4,906,116	10,507,000	10,507,000	3,761,000	3,761,000	12,532,000	15,645,000	15,283,000	8,607,000	5,542,000	5,424,000	12,062,000	9,857,000	5,582,000	17,142,676	4,516,958	-4,546,187	-5,452,412	-818,075	-3,188,256	-1,051,996	-2,972,036	-3,035	-9,995	-15,021	-19,730	-127,382	-807	111	-1,382
Free Cash Flow Margin	3.87%	3.82%	4.22%	5.40%	-9.68%	-12.79%	4.60%	5.25%	1.76%	1.82%	5.69%	6.72%	6.76%	4.24%	2.78%	2.63%	6.34%	4.61%	2.68%	13.59%	11.61%	-39.61%	-131.66%	-25.56%	-63.12%	-14.68%	-126.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Free Cash Flow Margins

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	2025-06-30	2024-06-30	2023-06-30	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30	2015-06-30	2014-06-30	2013-06-30	2012-06-30	2011-06-30	2010-06-30	2009-06-30	2008-06-30	2007-06-30	2006-06-30	2005-06-30	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31
Revenue	214,030,667	213,726,600	213,673,900	194,288,205	147,267,991	117,908,544	228,530,000	200,164,000	213,398,000	206,360,000	220,181,000	232,915,000	225,958,000	203,204,000	199,489,000	206,540,000	190,336,000	213,968,000	208,178,000	126,182,848	38,919,223	11,478,460	4,141,304	3,200,174	5,050,988	7,165,819	2,353,795	0	0	0	0	0	0	0	0
EBITDA	10,368,667	12,028,600	12,182,400	9,557,275	6,068,196	4,917,728	15,355,000	7,913,000	7,838,000	7,962,000	21,075,000	19,881,000	11,448,000	11,329,000	5,123,000	13,900,000	16,025,000	21,950,000	12,815,000	15,237,130	-44,492,000	-6,812,148	-7,611,574	-1,537,802	-3,564,470	-2,469,222	1,642,020	-12,242	-9,409	-16,350	-24,729	-15,203	-78,712	-24,037	-19,842
EBITDA Margin	4.78%	5.56%	5.63%	-1.41%	-20.87%	-13.90%	6.72%	3.95%	3.67%	3.86%	9.57%	8.54%	5.07%	5.58%	2.57%	6.73%	8.42%	10.26%	6.16%	12.08%	-114.32%	-59.35%	-183.80%	-48.05%	-70.57%	-34.46%	69.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
(-) Tax Adjustment	2,829,231	3,291,916	3,396,464	3,513,824	2,509,962	2,096,590	3,057,706	2,570,361	2,859,625	2,666,447	5,305,440	4,220,017	2,233,786	4,493,394	2,292,146	4,265,719	5,514,658	6,948,088	4,073,270	2,287,443	-80,735	0	0	0	-36,436	-2,471,691	2,215,506	0	0	0	0	0	0	0	0
(-) Tax Adjustment Margin	1.32%	1.53%	1.59%	1.71%	-0.48%	3.38%	1.34%	1.28%	1.34%	1.29%	2.41%	1.81%	0.99%	2.21%	1.15%	2.07%	2.90%	3.25%	1.96%	1.81%	-0.21%	0.00%	0.00%	0.00%	-0.72%	-34.49%	94.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
(-) Change In Working Capital	-4,244,333	-4,589,000	-2,601,500	-2,237,077	-1,563,184	-1,326,929	-6,550,000	-6,550,000	367,000	-2,558,000	-7,654,000	-3,434,000	2,335,000	2,111,000	1,058,000	-5,140,000	1,599,000	-6,802,000	-3,805,000	1,021,326	445,519	168,630	1,066,957	399,639	-799,687	1,456,938	-1,917,520	9,207	-565	1,329	-2,000	-112,178	68,516	16,231	6,360
(-) Change In Working Capital Margin	-1.99%	-2.14%	-1.20%	-0.95%	1.50%	-2.06%	-2.87%	-3.27%	0.17%	-1.24%	-3.48%	-1.47%	1.03%	1.04%	0.53%	-2.49%	0.84%	-3.18%	-1.83%	0.81%	1.14%	1.47%	25.76%	12.49%	-15.83%	20.33%	-81.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
(-) Capital Expenditure	-1,936,333	-2,523,400	-2,407,000	-2,331,149	-1,776,314	-1,423,414	-1,371,000	-1,371,000	-3,067,000	-3,067,000	-3,741,000	-2,681,000	-2,506,000	-4,649,000	-1,055,000	-562,000	-1,159,000	-2,248,000	-5,080,000	-2,246,272	-163,967	-46,704	-245,508	-70,298	-60,166	-136,367	-59,059	0	0	0	0	0	0	0	0
(-) Capital Expenditure Margin	-0.91%	-1.18%	-1.13%	-1.17%	-1.46%	-1.27%	-0.60%	-0.68%	-1.44%	-1.49%	-1.70%	-1.15%	-1.11%	-2.29%	-0.53%	-0.27%	-0.61%	-1.05%	-2.44%	-1.78%	-0.42%	-0.41%	-5.93%	-2.20%	-1.19%	-1.90%	-2.51%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Unlevered Free Cash Flow	9,847,436	10,802,284	8,980,436	5,949,379	3,345,104	2,724,654	17,476,294	10,521,639	1,544,375	4,786,553	19,682,560	16,413,983	4,373,214	75,606	717,854	14,212,281	7,752,342	19,555,912	7,466,730	9,682,089	-45,020,751	-7,027,482	-8,924,039	-2,007,739	-2,788,513	-1,590,836	1,284,975	-21,449	-8,844	-17,679	-22,729	96,975	-147,228	-40,268	-26,202
Unlevered Free Cash Flow Margin	4.54%	4.98%	4.11%	-3.34%	-23.35%	-16.49%	7.65%	5.26%	0.72%	2.32%	8.94%	7.05%	1.94%	0.04%	0.36%	6.88%	4.07%	9.14%	3.59%	7.67%	-115.68%	-61.22%	-215.49%	-62.74%	-55.21%	-22.20%	54.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
(-) Net Interest Income After Taxes	253,753	148,377	-250,455	-848,156	-1,042,997	-834,398	345,173	290,324	125,761	-6,651	-12,720	-94,528	-259,975	-275,138	-314,969	-2,301,831	-2,024,676	-2,171,347	-2,046	-37,593	-5,982,125	-6,828,049	-1,309,556	0	0	0	0	0	0	0	0	0	0	0	0
(-) Net Interest Income After Taxes Margin	0.12%	0.07%	-0.12%	-1.25%	-5.49%	-4.39%	0.15%	0.15%	0.06%	0.00%	-0.01%	-0.04%	-0.12%	-0.14%	-0.16%	-1.11%	-1.06%	-1.01%	0.00%	-0.03%	-15.37%	-59.49%	-31.62%	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 Debt Issuance	0	0	-2,162,500	-107,267	-61,635	62,452	0	0	0	0	0	-1,500,000	-4,000,000	-2,000,000	-2,000,000	-12,125,000	-9,200,000	29,650,000	0	-434,000	0	-189,857	404,994	164,319	-1,984	-1,169	2,794,000	0	0	0	0	-20,000	0	0	-7,500
Net Debt Issuance Margin	0.00%	0.00%	-1.03%	-0.11%	0.58%	5.21%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.64%	-1.77%	-0.98%	-1.00%	-5.87%	-4.83%	13.86%	0.00%	-0.34%	0.00%	-1.65%	9.78%	5.13%	-0.04%	-0.02%	118.70%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Levered Free Cash Flow	9,593,683	10,653,907	7,068,391	6,690,268	4,326,466	3,621,504	17,131,121	10,231,315	1,418,613	4,793,204	19,695,280	15,008,511	633,188	-1,649,256	-967,177	4,389,112	577,018	51,377,260	7,468,777	9,285,682	-39,038,626	-389,290	-7,209,489	-1,843,420	-2,790,497	-1,592,005	4,078,975	-21,449	-8,844	-17,679	-22,729	76,975	-147,228	-40,268	-33,702
Levered Free Cash Flow Margin	4.42%	4.91%	3.21%	-2.20%	-17.27%	-6.89%	7.50%	5.11%	0.66%	2.32%	8.95%	6.44%	0.28%	-0.81%	-0.48%	2.13%	0.30%	24.01%	3.59%	7.36%	-100.31%	-3.39%	-174.09%	-57.60%	-55.25%	-22.22%	173.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%