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$24.78M
Revenue
$13.83M
Net Income
80.33%
Gross Margin
59.11%
Op. Margin
$24.04M
Free Cash Flow
Financial Statements Annual (10-K)
Showing 10 of 13 annual reports available (2011 - 2024)
Breakdown TTM
(Sep 30, 2025)
FY 2024
(Mar 31, 2025)
FY 2023
(Mar 31, 2024)
FY 2022
(Mar 31, 2023)
FY 2021
(Mar 31, 2022)
FY 2020
(Mar 31, 2021)
FY 2019
(Mar 31, 2020)
FY 2018
(Mar 31, 2019)
FY 2017
(Mar 31, 2018)
FY 2015
(Mar 31, 2016)
FY 2014
(Mar 31, 2015)
+ Total Revenue $24.78M $25.87M $29.80M $38.25M $26.99M $21.37M $25.41M $26.47M $29.86M $27.72M $30.58M
Revenue Growth % -4.2% -13.2% -22.1% 41.7% 26.3% -15.9% -4.0% -11.4% 7.7% -9.4% nan%
Cost of Revenue $4.87M $4.24M $6.77M $8.06M $6.26M $4.12M $4.89M $5.22M $6.27M $6.62M $6.02M
+ Gross Profit $19.91M $21.64M $23.03M $30.19M $20.72M $17.24M $20.52M $21.26M $23.59M $21.10M $24.56M
Gross Margin % 80.3% 83.6% 77.3% 78.9% 76.8% 80.7% 80.8% 80.3% 79.0% 76.1% 80.3%
Operating Expenses $5.26M $5.64M $4.51M $4.55M $4.40M $4.50M $5.01M $5.33M $5.14M $4.81M $5.31M
Research & Development $3.50M $3.64M $2.73M $2.58M $2.93M $3.18M $3.69M $4.11M $3.70M $3.06M $3.00M
Selling General & Admin - - - - $1.47M $1.32M $1.32M $1.22M $1.44M $1.75M $2.31M
+ Operating Income $14.65M $15.99M $18.52M $25.64M $16.33M $12.74M $15.51M $15.92M $18.45M $16.29M $19.25M
Operating Margin % 59.1% 61.8% 62.1% 67.0% 60.5% 59.6% 61.1% 60.2% 61.8% 58.8% 62.9%
Interest Income $1.93M $1.91M $1.95M $1.45M $1.17M $1.50M $1.79M $1.79M $1.56M $1.89M $2.19M
Income Before Tax $16.72M $18.04M $20.47M $27.09M $17.50M $14.24M $17.30M $17.71M $20.01M $18.18M $21.44M
Income Tax Expense $2.90M $2.97M $3.34M $4.40M $2.99M $2.55M $2.78M $3.20M $6.10M $5.88M $7.07M
+ Net Income $13.83M $15.06M $17.12M $22.69M $14.51M $11.69M $14.53M $14.51M $13.91M $12.29M $14.37M
Net Margin % 55.8% 58.2% 57.5% 59.3% 53.8% 54.7% 57.2% 54.8% 46.6% 44.3% 47.0%
Basic EPS 2.86 3.12 3.54 4.70 3.00 2.42 3.00 3.00 2.87 2.53 2.96
Diluted EPS 2.85 3.11 3.54 4.70 3.00 2.42 3.00 2.99 2.87 2.53 2.95
Basic Shares Outstanding 4.8M 4.8M 4.8M 4.8M 4.8M 4.8M 4.8M 4.8M 4.8M 4.9M 4.9M
Diluted Shares Outstanding 4.8M 4.8M 4.8M 4.8M 4.8M 4.8M 4.8M 4.9M 4.8M 4.9M 4.9M
Breakdown FY 2024
(Mar 31, 2025)
FY 2023
(Mar 31, 2024)
FY 2022
(Mar 31, 2023)
FY 2021
(Mar 31, 2022)
FY 2020
(Mar 31, 2021)
FY 2019
(Mar 31, 2020)
FY 2018
(Mar 31, 2019)
FY 2017
(Mar 31, 2018)
FY 2015
(Mar 31, 2016)
FY 2014
(Mar 31, 2015)
Cash & Cash Equivalents $8.04M $10.28M $1.67M $10.45M $10.43M $8.07M $6.88M $4.76M $7.53M $9.44M
Short-term Investments $13.69M $11.92M $15.51M $20.84M $7.68M $19.08M $12.49M $20.77M $19.70M $20.10M
Accounts Receivable $3.59M $3.14M $6.52M $4.70M $1.96M $2.69M $3.00M $2.89M $2.24M $2.96M
Inventory $7.45M $7.16M $6.42M $5.09M $3.90M $3.88M $4.26M $3.65M $3.21M $3.74M
Other Current Assets - - - $420.52K $391.28K $655.84K $816.04K $635.16K $734.52K $574.91K
Total Current Assets $33.20M $33.19M $30.79M $41.50M $24.36M $34.38M $27.44M $32.70M $33.42M $36.92M
Property Plant & Equipment - - - $606.38K $336.68K $582.47K $894.84K $1.33M $1.69M $2.26M
Long-term Investments $26.30M $30.79M $36.13M $24.31M $47.04M $43.61M $54.93M $52.84M $65.70M $70.91M
Total Assets $64.28M $66.78M $69.26M $67.47M $72.50M $79.50M $83.62M $87.43M $100.85M $110.09M
Accounts Payable $214.69K $127.15K $281.71K $943.53K $336.59K $186.99K $375.19K $414.97K $317.99K $358.82K
Accrued Liabilities $871.17K $729.22K $1.38M $1.36M - - - - - -
Deferred Revenue - - - - - - - - $714.80K -
Total Current Liabilities $1.17M $1.04M $1.83M $2.46M $1.03M $796.20K $835.68K $989.73K $1.59M $1.49M
Total Liabilities $2.01M $1.21M $2.18M $2.90M $1.61M $1.50M $835.68K - - -
Common Stock $48.37K $48.34K $48.31K $48.31K $48.33K $48.35K $48.46K $48.42K $48.35K $48.58K
Retained Earnings $42.47M $46.74M $48.95M $45.58M $50.40M $58.05M $62.90M $67.71M $79.56M $86.68M
Total Stockholders Equity $62.27M $65.57M $67.08M $64.57M $70.89M $78.00M $82.78M $86.44M $99.26M $108.33M
Total Liabilities & Equity $64.28M $66.78M $69.26M $67.47M $72.50M $79.50M $83.62M $87.43M $100.85M $110.09M
Breakdown TTM
(Sep 30, 2025)
FY 2024
(Mar 31, 2025)
FY 2023
(Mar 31, 2024)
FY 2022
(Mar 31, 2023)
FY 2021
(Mar 31, 2022)
FY 2020
(Mar 31, 2021)
FY 2019
(Mar 31, 2020)
FY 2018
(Mar 31, 2019)
FY 2017
(Mar 31, 2018)
FY 2015
(Mar 31, 2016)
FY 2014
(Mar 31, 2015)
Net Income $21.95M $15.06M $17.12M $22.69M $14.51M $11.69M $14.53M $14.51M $13.91M $12.29M $14.37M
Depreciation & Amortization - $324.23K $308.15K $257.61K $424.98K $542.93K $549.97K $705.20K $979.65K $850.97K $934.37K
Stock-based Compensation - - - - $81.86K $45.57K $48.36K $93.36K $40.92K $21.16K $58.96K
Deferred Income Tax - - - - $24.46K $-129.16K $77.78K $-31.27K $96.28K $295.83K $155.71K
Change in Receivables $-2.04M $444.44K $-3.37M $1.82M $2.74M $-729.74K $-301.62K $106.86K $-548.02K $-719.89K $632.40K
Change in Inventory $264.54K $290.50K $741.58K $1.33M $1.19M $16.33K $-380.43K $614.44K $292.14K $-537.26K $535.16K
Operating Cash Flow $27.48M $14.31M $18.25M $19.09M $12.50M $13.36M $15.90M $14.22M $15.15M $14.31M $14.87M
Capital Expenditure $3.44M $1.26M $16.73K $935.79K $484.58K $62.73K $52.04K $68.27K $604.80K $287.27K $185.01K
Purchases of Investments $31.50M $11.28M $6.10M $28.44M - $10.51M $7.20M $13.67M $18.22M $14.57M $9.00M
Investing Cash Flow $-3.74M $2.67M $9.58M $-8.53M $7.02M $8.42M $5.25M $7.06M $717.79K $4.87M $2.98M
Stock Issued - - - - - - - $217.94K $51.04K $292.91K $302.70K
Stock Repurchased - - - $20.70K $163.52K $91.42K $687.43K - - $2.31M -
Dividends Paid $33.85M $19.34M $19.33M $19.32M $19.33M $19.34M $19.38M $19.37M $19.37M $19.41M $10.00M
Financing Cash Flow $-33.74M $-19.23M $-19.21M $-19.34M $-19.50M $-19.43M $-19.96M $-19.16M $-19.31M $-21.08M $-9.67M
Net Change in Cash - - - - $22.17K $2.36M $1.19M $2.12M $-3.44M $-1.90M $8.17M
SEC Filing Format - Data shown as it appears in the Q2 2026 (10-Q) filing Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Total Revenue $6.35M - $12.45M -
Cost of Revenue $1.38M - $2.56M -
Gross Profit $4.97M - $9.89M -
Operating Expenses $1.31M - $2.45M -
Research & Development $873.47K - $1.59M -
Operating Income $3.66M - $7.44M -
Interest Income $484.33K - $982.54K -
Income Before Tax $4.15M - $8.43M -
Income Tax Expense $834.70K - $1.54M -
Net Income $3.31M $4.10M $6.89M -
Basic EPS 0.68 - 1.42 -
Diluted EPS 0.68 - 1.42 -
Basic Shares Outstanding $4.84M - $4.84M -
Diluted Shares Outstanding $4.84M - $4.84M -
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Mar 31, 2025
Cash & Cash Equivalents $5.11M $8.04M
Short-term Investments $12.64M $13.69M
Accounts Receivable $2.44M $3.59M
Inventory $7.42M $7.45M
Total Current Assets $28.77M $33.20M
Long-term Investments $27.84M $26.30M
Total Assets $61.49M $64.28M
Accounts Payable $229.53K $214.69K
Accrued Liabilities $585.39K $871.17K
Total Current Liabilities $970.72K $1.17M
Total Liabilities $1.78M $2.01M
Common Stock $48.37K $48.37K
Retained Earnings $39.68M $42.47M
Total Stockholders Equity $59.71M $62.27M
Total Liabilities & Equity $61.49M $64.28M
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $3.31M $4.10M $6.89M -
Change in Receivables - - $-1.15M -
Change in Inventory - - $-30.24K -
Operating Cash Flow - - $7.98M -
Capital Expenditure - - $1.13M -
Purchases of Investments - - $10.11M -
Investing Cash Flow - - $-1.24M -
Dividends Paid - - $9.67M -
Financing Cash Flow - - $-9.67M -

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.

Annual data represents full fiscal year results. FY = Fiscal Year ending.

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