Manitex International Inc
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Penke I guess you are interested in Manitex International Inc. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Manitex International Inc. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Manitex International Inc (30 sec.)

What can you expect buying and holding a share of Manitex International Inc? (30 sec.)

How much money do you get?

$0.00

When do you have the money?

1 year

How often do you get paid?

7.5%

What is your share worth?

Current worth

$3.92

Expected worth in 1 year

$4.50

How sure are you?

55.0%

+ What do you gain per year?

Total Gains per Share

$0.57

Return On Investment

9.7%

For what price can you sell your share?

Current Price per Share

$5.89

Expected price per share

$5.49 - $6.25

How sure are you?

50%

1. Valuation of Manitex International Inc (5 min.)

Live pricePrice per Share (EOD)

$5.89

Book Value per Share

$3.92

Intrinsic Value Per Share

$-15.65 - $-2.49

Total Value Per Share

$-11.73 - $1.43

My calculation of the intrinsic value of Manitex International Inc is based how much money is coming from the company's main activities (Free Cash Flow).

The following numbers are based on moving averages and per share and per quarter.
I use a 6% discount rate for the low estimation and 3% for the high estimation.
The current Free Cash Flow Per Share is 10Y: ($0.01) 3Y: ($-0.08) TTM: ($-0.06)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.00) 3Y: ($-0.02) TTM: ($-0.05)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$-0.54	$0.00	$-0.70 - $-0.03
2	$-1.39	$-0.07	$-1.08 - $-0.09
3	$-2.52	$-0.19	$-1.46 - $-0.16
4	$-3.90	$-0.38	$-1.84 - $-0.23
5	$-5.48	$-0.61	$-2.22 - $-0.30
6	$-7.24	$-0.90	$-2.59 - $-0.36
7	$-9.17	$-1.24	$-2.97 - $-0.43
8	$-11.22	$-1.61	$-3.35 - $-0.50
9	$-13.39	$-2.03	$-3.73 - $-0.57
10	$-15.65	$-2.49	$-4.10 - $-0.63

2. Growth of Manitex International Inc (5 min.)

Is Manitex International Inc growing?

	Current year	Previous year	Grow	Grow %
How rich?	$79.6m	$65.6m	$7.1m	9.8%

How much money is Manitex International Inc making?

	Current year	Previous year	Grow	Grow %
Making money	$1.8m	-$1.1m	$2.9m	161.3%
Net Profit Margin	2.4%	-1.7%	-	-

How much money comes from the company's main activities?

Quarterly Yearly

3. Financial Health of Manitex International Inc (5 min.)

4. Comparing to competitors in the Farm & Heavy Construction Machinery industry (5 min.)

Industry Rankings (Farm & Heavy Construction Machinery)

Richest
#106 / 146

Most Revenue
#103 / 146

Most Profit
#98 / 146

Most Efficient
#97 / 146

What can you expect buying and holding a share of Manitex International Inc? (5 min.)

Welcome investor! Manitex International Inc's management wants to use your money to grow the business. In return you get a share of Manitex International Inc.

What can you expect buying and holding a share of Manitex International Inc?

First you should know what it really means to hold a share of Manitex International Inc. And how you can make/lose money.

Speculation

The Price per Share of Manitex International Inc is $5.89. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

The fundamentals: the financial health trends of Manitex International Inc.
The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Manitex International Inc, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $3.92. Based on the TTM, the Book Value Change Per Share is $0.14 per quarter. Based on the YOY, the Book Value Change Per Share is $0.06 per quarter.
You may receive quarterly/yearly dividend in the form of additional shares.
You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.00 per quarter.

Based on historical numbers we can estimate the returns while holding a share of Manitex International Inc.

How much money are you going to get?

	MRQ		TTM		YOY		5Y		10Y
	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share
Usd Eps	0.26	4.3%	0.09	1.5%	-0.06	-1.0%	-0.06	-1.0%	-0.10	-1.7%
Usd Book Value Change Per Share	0.39	6.6%	0.14	2.4%	0.06	1.1%	-0.02	-0.4%	-0.01	-0.1%
Usd Dividend Per Share	0.00	0.0%	0.00	0.0%	0.00	0.0%	0.00	0.0%	0.04	0.6%
Usd Total Gains Per Share	0.39	6.6%	0.14	2.4%	0.06	1.1%	-0.02	-0.4%	0.03	0.5%
Usd Price Per Share	8.74	-	6.02	-	5.88	-	6.05	-	7.59	-
Price to Earnings Ratio	8.53	-	147.23	-	44.49	-	32.82	-	32.48	-
Price-to-Total Gains Ratio	22.49	-	68.80	-	-114.98	-	-5.12	-	-224.39	-
Price to Book Ratio	2.23	-	1.66	-	1.83	-	1.70	-	1.81	-
Price-to-Total Gains Ratio	22.49	-	68.80	-	-114.98	-	-5.12	-	-224.39	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	5.89
Number of shares	169

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.00	0.00
Usd Book Value Change Per Share	0.14	-0.02
Usd Total Gains Per Share	0.14	-0.02
Gains per Quarter (169 shares)	24.16	-3.52
Gains per Year (169 shares)	96.63	-14.09

Years	Return on Investment (TTM)			Return on Investment (5Y)
	Dividend	Book Value gain	Total gains	Dividend	Book Value gain	Total gains
Broker costs	-	-	-10	-	-	-10
1	0	97	87	0	-14	-24
2	0	193	184	0	-28	-38
3	0	290	281	0	-42	-52
4	0	387	378	0	-56	-66
5	0	483	475	0	-70	-80
6	0	580	572	0	-85	-94
7	0	676	669	0	-99	-108
8	0	773	766	0	-113	-122
9	0	870	863	0	-127	-136
10	0	966	960	0	-141	-150

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %

	Trailing 12 Months				3Y				5 Year				10 Year				ALLTIME
				%				%				%				%				%
Earnings Per Share	4.0	0.0	0.0	100.0%	7.0	5.0	0.0	58.3%	9.0	11.0	0.0	45.0%	17.0	23.0	0.0	42.5%	45.0	35.0	0.0	56.3%
Book Value Change Per Share	4.0	0.0	0.0	100.0%	7.0	5.0	0.0	58.3%	10.0	10.0	0.0	50.0%	20.0	20.0	0.0	50.0%	49.0	29.0	2.0	61.3%
Dividend per Share	0.0	0.0	4.0	0.0%	0.0	0.0	12.0	0.0%	0.0	0.0	20.0	0.0%	3.0	0.0	37.0	7.5%	5.0	0.0	75.0	6.3%
Total Gains per Share	4.0	0.0	0.0	100.0%	7.0	5.0	0.0	58.3%	10.0	10.0	0.0	50.0%	22.0	18.0	0.0	55.0%	53.0	25.0	2.0	66.3%

Fundamentals of Manitex International Inc

About Manitex International Inc

https://www.manitexinternational.com
Farm & Heavy Construction Machinery
705
9725 Industrial Drive, Bridgeview, IL, United States, 60455
Google Maps Bing Maps

Manitex International, Inc. provides engineered lifting solutions in the United States, Italy, Canada, Chile, France, and internationally. The company designs, manufactures, and distributes products that are used in various industries. It also offers boom trucks, truck cranes, and sign cranes products primarily for use in industrial projects, energy exploration, and infrastructure development comprising roads, bridges, and commercial construction; and truck-mounted aerial platforms. In addition, the company manufactures and sells rough terrain cranes and material handling products; and truck mounted hydraulic knuckle boom cranes; and rents light and heavy-duty commercial construction equipments. It also sells its products through dealers and rental distribution channel. The company was formerly known as Veri-Tek International, Corp. and changed its name to Manitex International, Inc. in May 2008. Manitex International, Inc. was founded in 1993 and is headquartered in Bridgeview, Illinois.

Fundamental data was last updated by Penke on 2024-04-11 14:54:03.

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is making a profit.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is inefficient in making profit.

Operating Efficiency Details

	Compared to previous year	Compared to industry
The company is operating less efficient.
The company is less efficient in keeping operating costs low.

Liquidity Details

	Compared to previous year	Compared to industry
The company is able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.

Solvency Details

	Compared to previous year	Compared to industry
The company is able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

Valuation

Valuation Details

	Compared to previous year	Compared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Manitex International Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Manitex International Inc earns for each $1 of revenue.

Above 10% is considered healthy but always compare Manitex International Inc to the Farm & Heavy Construction Machinery industry mean.
A Net Profit Margin of 6.6% means that $0.07 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Manitex International Inc:

The MRQ is 6.6%. The company is making a profit. +1
The TTM is 2.4%. The company is making a profit. +1

Trends

Current period		Compared to		+/-
MRQ	6.6%	TTM	2.4%	+4.2%
TTM	2.4%	YOY	-1.7%	+4.1%
TTM	2.4%	5Y	-2.8%	+5.2%
5Y	-2.8%	10Y	-3.4%	+0.6%

Compared to industry (Farm & Heavy Construction Machinery)

Period	Company	Industry (mean)	+/-
MRQ	6.6%	4.4%	+2.2%
TTM	2.4%	5.3%	-2.9%
YOY	-1.7%	4.7%	-6.4%
5Y	-2.8%	3.6%	-6.4%
10Y	-3.4%	3.3%	-6.7%

Measures how much net profit Manitex International Inc earns for each $1 of revenue.

Revenue is the amount of profit Manitex International Inc generates before taxes and all other costs. For example, when you buy a cup of coffee it will cost you $3. The company does not earn $3 in profit but also has to pay various costs and taxes to create that cup of coffee. Let's assume the cost of creating a cup of coffee is $1.5.

The $3 you pay for a cup of coffee is called revenue.
The $1.5 that’s left over when all costs to create that cup of coffee (including taxes) are deduced from the revenue is called net profit.

The net profit margin looks at how much net profit Manitex International Inc earns for each $1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare Manitex International Inc to the Farm & Heavy Construction Machinery industry mean.
Can be used to compare companies within the Farm & Heavy Construction Machinery industry.

You typically want a high profit margin. This means that for each $1 in sales, Manitex International Inc makes more profit. This shows the investor how efficiently Manitex International Inc is operating in general and compared to other companies in the same industry. Manitex International Inc operates in the Farm & Heavy Construction Machinery industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Manitex International Inc. If profit margins remain low (compared to the Farm & Heavy Construction Machinery industry mean) and there are no improvements to make in production costs or other areas that might be a warning sign. If profit margins are high that means the company has low overhead costs and is efficiently using its resources to generate profit.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of Manitex International Inc is 0.07. This means that Manitex International Inc earned $0.07 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Farm & Heavy Construction Machinery industry is 4.4%.
What is the trend?
The trend is important because it shows you how Manitex International Inc is performing over time. The most recent quarter might be important if Manitex International Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Manitex International Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare Manitex International Inc with other companies in the same industry (Farm & Heavy Construction Machinery).
Net profit margin should rise over the years.
Can be influenced when Manitex International Inc sells assets (profit will increase while costs remain the same).
It won’t show what part of Manitex International Inc is doing great or needs improvement (it only looks at total revenue and total net income).

How to calculate net profit margin

Net profit margin = net income / total revenue * 100%

Real example of Manitex International Inc

You need the following data to determine net profit margin:

Income statement from the period you want to calculate (for example, MRQ or TTM).

Net income MRQ Manitex International Inc = 5,199
Total revenue MRQ Manitex International Inc = 78,653
$5,199 / $78,653 = 0.07 or 6.6%

Higher is better

The higher the net profit margin, the more efficient the company is generating income. This helps investors to determine how the company is managing money. The net profit margin is an important indicator when diving into the financial health of a company. Overall, you want to see the net profit margin rising over the years. That means the company improved their production and made it more efficient (if possible).

You can use the net profit margin to compare companies within the same industry. If there are two companies where one is much bigger but the smaller one has a higher net profit margin, that means the smaller company is more efficiently using operational costs.

Important: Profit margins can be very different between industries. Companies with assembly lines or transports are much more prone to see shifting in prices for fuel, ingredients and maintenance compared to companies that only provide services. You should never compare net profit margin between different industries.

1.1.2. Return on Assets

Shows how efficient Manitex International Inc is using its assets to generate profit.

Above 5% is considered healthy but always compare Manitex International Inc to the Farm & Heavy Construction Machinery industry mean.
2.0% Return on Assets means that Manitex International Inc generated $0.02 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Manitex International Inc:

The MRQ is 2.0%. Using its assets, the company is less efficient in making profit.
The TTM is 0.7%. Using its assets, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	2.0%	TTM	0.7%	+1.3%
TTM	0.7%	YOY	-0.4%	+1.2%
TTM	0.7%	5Y	-0.7%	+1.4%
5Y	-0.7%	10Y	-0.8%	+0.1%

Compared to industry (Farm & Heavy Construction Machinery)

Period	Company	Industry (mean)	+/-
MRQ	2.0%	1.7%	+0.3%
TTM	0.7%	1.5%	-0.8%
YOY	-0.4%	1.4%	-1.8%
5Y	-0.7%	1.0%	-1.7%
10Y	-0.8%	0.9%	-1.7%

Shows how efficient Manitex International Inc is using its assets to generate profit.

For a farm, a tractor is considered an asset. The tractor helps ploughing the land making it possible to plant and harvest crops. But the tractor might be old and needing maintenance all the time reducing its efficiency. Return on assets indicates how effectively the farm is using the tractor (and other assets that help the core business) to plough the land.

How to use return on assets

Higher is better.
Above 5% is considered healthy but always compare Manitex International Inc to the Farm & Heavy Construction Machinery industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on assets in their analysis

Shows the investor how effectively Manitex International Inc is using its resources to generate profit. If the return on assets (2.0%) from Manitex International Inc are higher than the Farm & Heavy Construction Machinery mean (1.7%) that means Manitex International Inc is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of Manitex International Inc is 2.0%. This means the company generated $0.02 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Farm & Heavy Construction Machinery industry is 1.7%.
What is the trend?
The trend is important because it shows you how Manitex International Inc is performing over time. The most recent quarter might be important if Manitex International Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Manitex International Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
If a company has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

How to calculate return on assets

Return on assets = net income / total assets * 100%

Real example Manitex International Inc

You need the following data to determine return on assets (ROA):

Income statement
Balance sheet

Net income MRQ (income statement) from Manitex International Inc = 5,199
Total assets MRQ (balance sheet) from Manitex International Inc = 255,731
5,199 / 255,731 = 0.02 or 2.0%

ROA is an important ratio as it will tell you how effectively Manitex International Inc is using its resources to generate profits. Example:

Bob and Kristin both sell ice cream in the summer. They both have an ice cream truck. The truck Bob owes cost him $20.000 and the truck Kristin owes cost her $1500. Over the summer, Bob earned $2000 and Kristin earned $200. To calculate the return on assets:

Bob: $2000 / $20.000 * 100% = 10%
Kristin: $200 / $1500 * 100% = 13.3%

This tells you Bob’s company is more valuable but Kristin's company is more efficient. Be aware that total assets can change over time. A transportation business will buy and sell trucks or planes all the time. Before using return on assets as a guideline, you have to know what the exact assets are. For a company that has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

1.1.3. Return on Equity

Shows how efficient Manitex International Inc is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare Manitex International Inc to the Farm & Heavy Construction Machinery industry mean.
7.5% Return on Equity means Manitex International Inc generated $0.07 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Manitex International Inc:

The MRQ is 7.5%. Using its investors money, the company is less efficient in making profit.
The TTM is 2.7%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	7.5%	TTM	2.7%	+4.8%
TTM	2.7%	YOY	-2.0%	+4.7%
TTM	2.7%	5Y	-1.8%	+4.5%
5Y	-1.8%	10Y	-2.6%	+0.8%

Compared to industry (Farm & Heavy Construction Machinery)

Period	Company	Industry (mean)	+/-
MRQ	7.5%	3.9%	+3.6%
TTM	2.7%	3.9%	-1.2%
YOY	-2.0%	3.5%	-5.5%
5Y	-1.8%	2.5%	-4.3%
10Y	-2.6%	2.3%	-4.9%

Shows how efficient Manitex International Inc is using its investors money to generate profit.

A publicly traded company (any company that issues shares to the public) is owned by its shareholders. Return on equity calculates the amount of profit for every $1 the shareholders invested.

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare Manitex International Inc to the Farm & Heavy Construction Machinery industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

To find out the owners/management's attitude toward their company. You typically want the owners/management to invest in the company and focus on generating profit. If not enough profit is generated (compared to the Farm & Heavy Construction Machinery industry mean), the company might not be investing their money efficiently.

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of Manitex International Inc is 7.5%. This means Manitex International Inc generated $0.07 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Farm & Heavy Construction Machinery industry is 3.9%.
What is the trend?
The trend is important because it shows you how Manitex International Inc is performing over time. The most recent quarter might be important if Manitex International Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Manitex International Inc up to 10 years back (depending if Manitex International Inc existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Does not include intangible assets (non physical assets like licences, computer software, etc.).
Stockholders equity and shareholders equity refer to the same thing.
Liabilities should not be more than three times return on equity.

How to calculate return on equity

Return on equity = net profit / shareholders equity * 100%

Real example of Manitex International Inc

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Manitex International Inc = 5,199
Shareholders equity (balance sheet) MRQ Manitex International Inc = 69,617
5,199 / 69,617 = 0.07 or 7.5%

A negative shareholder equity is a warning sign. It means the company has more liabilities than assets. It might also mean that the owners did not invest enough money or they are taking money out of the business.

1.2. Operating Efficiency of Manitex International Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Manitex International Inc is operating .

Measures how much profit Manitex International Inc makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare Manitex International Inc to the Farm & Heavy Construction Machinery industry mean.
An Operating Margin of 6.5% means the company generated $0.06 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Manitex International Inc:

The MRQ is 6.5%. The company is operating less efficient.
The TTM is 4.1%. The company is operating less efficient.

Trends

Current period		Compared to		+/-
MRQ	6.5%	TTM	4.1%	+2.4%
TTM	4.1%	YOY	0.5%	+3.6%
TTM	4.1%	5Y	0.1%	+4.0%
5Y	0.1%	10Y	0.8%	-0.7%

Compared to industry (Farm & Heavy Construction Machinery)

Period	Company	Industry (mean)	+/-
MRQ	6.5%	7.1%	-0.6%
TTM	4.1%	6.1%	-2.0%
YOY	0.5%	6.2%	-5.7%
5Y	0.1%	5.1%	-5.0%
10Y	0.8%	5.3%	-4.5%

Measures how efficient Manitex International Inc is operating .

The more effecient a company creates products or provides services, the more profit it generates.

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare Manitex International Inc to the Farm & Heavy Construction Machinery industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit Manitex International Inc is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of Manitex International Inc is 6.5%. This means that Manitex International Inc earned $0.06 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Farm & Heavy Construction Machinery industry is 7.1%.
What is the trend?
The trend is important because it shows you how Manitex International Inc is performing over time. The most recent quarter might be important if Manitex International Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Manitex International Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Can be calculated in different ways

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of Manitex International Inc

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Manitex International Inc = 4,766
Total revenue MRQ Manitex International Inc = 78,653
$4,766 / $78,653 = 0.06 or 6.5%

Operating margin is used to calculate how much profit a company makes after variable costs of production but before paying interest and taxes. Some variable costs examples are wages, raw materials, packaging, and transaction fees. The amount of variable costs is different for each company and industry. In general, a higher operating margin is better as this implicates that a company is running efficiently.

For investors, a higher operating margin is a good sign. Although you should always look at operating margin in the long term. If operating margin is fluctuating over the years this might be a sign that things are not running efficiently enough. It’s a way to check how much profit a company is making from its core business.

Operation earnings can be calculated in multiple ways:

Operation earnings = EBIT - non operating income + non operating expense
Operation earnings = Gross profit - operating expense - depreciation and amortisation
Operation earnings = Total revenue - COGS (costs of goods sold) - indirect costs

1.2.2. Operating Ratio

Measures how efficient Manitex International Inc is keeping operating costs low.

Below 1 is considered healthy (always compare to Farm & Heavy Construction Machinery industry mean).
An Operation Ratio of 0.94 means that the operating costs are $0.94 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Manitex International Inc:

The MRQ is 0.939. The company is less efficient in keeping operating costs low.
The TTM is 0.946. The company is less efficient in keeping operating costs low.

Trends

Current period		Compared to		+/-
MRQ	0.939	TTM	0.946	-0.007
TTM	0.946	YOY	0.978	-0.033
TTM	0.946	5Y	0.987	-0.042
5Y	0.987	10Y	0.984	+0.004

Compared to industry (Farm & Heavy Construction Machinery)

Period	Company	Industry (mean)	+/-
MRQ	0.939	1.533	-0.594
TTM	0.946	1.507	-0.561
YOY	0.978	1.496	-0.518
5Y	0.987	1.450	-0.463
10Y	0.984	1.302	-0.318

Measures how efficient Manitex International Inc is keeping operating costs low.

If the operating ratio is below 1 that means the company is making money. The lower the operating ratio, the more efficient the company.

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare Manitex International Inc to the Farm & Heavy Construction Machinery industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

Shows if costs of creating products and or services is increasing or decreasing. The lower the operating ratio, the more efficient the company is creating products and services.

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of Manitex International Inc is 93.9%. This means that Manitex International Inc earned $0.94 for each $1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Farm & Heavy Construction Machinery industry is 1.53.
What is the trend?
The trend is important because it shows you how Manitex International Inc is performing over time. The most recent quarter might be important if Manitex International Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Manitex International Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
You need COGS to calculate operating ratio which is not always shown in the income statement.
Does not consider debt.

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example Manitex International Inc

You need the following data to determine operating ratio:

Income statement

COGS is not always specified on the income statement. If so you can use the following calculation:

(cost of revenue + total operating expenses) \ total revenue
(62,231 +11,656) \ 78,653 = 0.94

The operating ratio measures the efficiency of a company at keeping low costs while generating profits from sales. It compares the total operating expenses to the net amount of sales. The total operating expenses exists of:

COGS (materials, labour, rent of facility, repairs)
Operating expenses (legal fees, marketing, wages, rent, maintenance/repairs)

Operating expenses are all the costs the company makes that are not directly tied to the production of the service or product. Where COGS are costs that are directly tied to the production of a product or service.

Do note that COGS is not always available in the income statement. Some companies include COGS in the operating expenses while others list COGS separately. To make it even more confusing, COGS is also known as “costs of sales” and costs of sales is the same as costs of revenue.

The operating ratio tells you how efficient the company is creating its products or services while keeping prices low. In this case, a lower ratio is better. Higher or rising operating ratios might tell you that costs are rising while sales are not improving or staying the same.

1.3. Liquidity of Manitex International Inc.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Manitex International Inc is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Farm & Heavy Construction Machinery industry mean).
A Current Ratio of 1.57 means the company has $1.57 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Manitex International Inc:

The MRQ is 1.569. The company is able to pay all its short-term debts. +1
The TTM is 1.555. The company is able to pay all its short-term debts. +1

Trends

Current period		Compared to		+/-
MRQ	1.569	TTM	1.555	+0.014
TTM	1.555	YOY	1.497	+0.058
TTM	1.555	5Y	1.612	-0.057
5Y	1.612	10Y	1.706	-0.095

Compared to industry (Farm & Heavy Construction Machinery)

Period	Company	Industry (mean)	+/-
MRQ	1.569	1.556	+0.013
TTM	1.555	1.562	-0.007
YOY	1.497	1.583	-0.086
5Y	1.612	1.618	-0.006
10Y	1.706	1.498	+0.208

Measures if Manitex International Inc is able to pay off Short-term Debt.

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Farm & Heavy Construction Machinery industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for Manitex International Inc if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of Manitex International Inc is 1.57. This means Manitex International Inc has $1.57 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Farm & Heavy Construction Machinery industry is 1.56.
What is the trend?
The trend is important because it shows you how Manitex International Inc is performing over time. The most recent quarter might be important if Manitex International Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Manitex International Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Might be deluded.
Not all assets can always be quickly sold.
Can be manipulated by increasing or decreasing the assets and/or liabilities.

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example Manitex International Inc

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
145,573 \ 92,791) = 1.57

The current ratio measures if Manitex International Inc is able to pay short-term debts (obligations). Short term in this context means all debt obligations that are about to expire within one year. The current ratio incorporates current liabilities and current assets. Current assets are all the assets a company has that are expected to be consumed or sold within standard business operations. You can find the current assets in the balance sheet. They consist of:

Inventory
Accounts receivable
Marketable securities
Prepaid expenses
Cash
Cash equivalents
liquid assets

The current liabilities are short term obligations that are due within one year. These consist of:

Short term debts
Dividends
Income taxes
Short-term debts
Accounts payable
Interest payments

The result shows an investor if Manitex International Inc is able to pay all its short-term debts if they were due all at once. When the result of the above formula is below 1, then Manitex International Inc does not have enough capital after selling all its assets to pay all short-term debts. If the ratio drops far below 1 that might indicate Manitex International Inc is or will be in financial trouble anytime soon.

Although this gives an investor some clues, the current ratio may also be deluded. Because owning assets does not mean the company can easily sell them. Also, Accounts receivable may be quite old (they will probably never pay) which deludes the current ratio. As with all ratios, you should only compare them between the same industries and companies.

1.3.2. Quick Ratio

Measures if Manitex International Inc is able to pay off Short-term Debt but only using the most liquid assets.

Above 1 is considered healthy but always compare Manitex International Inc to the Farm & Heavy Construction Machinery industry mean.
A Quick Ratio of 0.64 means the company can pay off $0.64 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Manitex International Inc:

The MRQ is 0.635. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 0.612. The company is just not able to pay all its short-term debts with the most liquid assets. -1

Trends

Current period		Compared to		+/-
MRQ	0.635	TTM	0.612	+0.023
TTM	0.612	YOY	0.624	-0.012
TTM	0.612	5Y	0.713	-0.101
5Y	0.713	10Y	0.744	-0.031

Compared to industry (Farm & Heavy Construction Machinery)

Period	Company	Industry (mean)	+/-
MRQ	0.635	0.655	-0.020
TTM	0.612	0.720	-0.108
YOY	0.624	0.768	-0.144
5Y	0.713	0.766	-0.053
10Y	0.744	0.798	-0.054

Measures if Manitex International Inc is able to pay off Short-term Debt but only using the most liquid assets.

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare Manitex International Inc to the Farm & Heavy Construction Machinery industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

Shows how fast Manitex International Inc can pay off its short term debts. This shows if Manitex International Inc can survive emergencies due to market changes or other reasons.

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of Manitex International Inc is 0.64. This means that Manitex International Inc can pay off $0.64 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Farm & Heavy Construction Machinery industry is 0.66.
What is the trend?
The trend is important because it shows you how Manitex International Inc is performing over time. The most recent quarter might be important if Manitex International Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Manitex International Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Incorporates only most liquid assets.

How to calculate quick ratio

Quick ratio = cash and equivalents + marketable securities + accounts receivable / current liabilities

Real life example Manitex International Inc

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio Manitex International Inc: (9,269 + 0 +49,671) / 92,791 = 0.64

The quick ratio measures the same thing as the current ratio, only it uses the most liquid assets a company has. Meaning, the assets that can be sold for cash the easiest and fastest.

As the quick ratio only incorporates the most liquid assets, you should also check the current ratio which also includes less liquid assets. But they may be harder to sell.

1.4. Solvency of Manitex International Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Manitex International Inc assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Manitex International Inc to Farm & Heavy Construction Machinery industry mean.
A Debt to Asset Ratio of 0.69 means that Manitex International Inc assets are financed with 68.8% credit (debt) and the remaining percentage (100% - 68.8%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Manitex International Inc:

The MRQ is 0.688. The company is able to pay all its debts by selling its assets. +1
The TTM is 0.711. The company is able to pay all its debts by selling its assets. +1

Trends

Current period		Compared to		+/-
MRQ	0.688	TTM	0.711	-0.022
TTM	0.711	YOY	0.708	+0.003
TTM	0.711	5Y	0.652	+0.059
5Y	0.652	10Y	0.648	+0.004

Compared to industry (Farm & Heavy Construction Machinery)

Period	Company	Industry (mean)	+/-
MRQ	0.688	0.544	+0.144
TTM	0.711	0.553	+0.158
YOY	0.708	0.534	+0.174
5Y	0.652	0.569	+0.083
10Y	0.648	0.558	+0.090

Measures how much % of Manitex International Inc assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake Manitex International Inc than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Manitex International Inc to Farm & Heavy Construction Machinery industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to asset ratio in their analysis

It shows how much debt the company used to finance its assets. If a company is almost entirely financed with debt that means the company might get into serious trouble when emergencies arise like a raise in interest.

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of Manitex International Inc is 0.69. This means means that Manitex International Inc is financed with 68.8% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Farm & Heavy Construction Machinery industry is 155.6%.
What is the trend?
The trend is important because it shows you how Manitex International Inc is performing over time. The most recent quarter might be important if Manitex International Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Manitex International Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Some companies can have higher debt to assets ratio's (for example, banks).
Debt to asset ratio should improve over the years.
If the debt to asset ratio is above 1, look at the industry mean and find out why Manitex International Inc has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Manitex International Inc

You need the following data to determine debt to asset ratio:

Balance sheet
Debt to asset ratio = total debt \ total assets
176,047 \ 255,731 = 68.8% or 0.69.

The debt to total assets ratio shows if the company is owned by creditors or shareholders. Or in other words, the total debt in relation to the total amount of assets. It shows how much debt the company used to finance its assets.

1.4.2. Debt to Equity Ratio

Measures if Manitex International Inc is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Manitex International Inc to the Farm & Heavy Construction Machinery industry mean.
A Debt to Equity ratio of 252.9% means that company has $2.53 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Manitex International Inc:

The MRQ is 2.529. The company is unable to pay all its debts with equity. -1
The TTM is 2.844. The company is unable to pay all its debts with equity. -1

Trends

Current period		Compared to		+/-
MRQ	2.529	TTM	2.844	-0.316
TTM	2.844	YOY	2.781	+0.064
TTM	2.844	5Y	2.082	+0.763
5Y	2.082	10Y	2.113	-0.031

Compared to industry (Farm & Heavy Construction Machinery)

Period	Company	Industry (mean)	+/-
MRQ	2.529	1.207	+1.322
TTM	2.844	1.262	+1.582
YOY	2.781	1.206	+1.575
5Y	2.082	1.302	+0.780
10Y	2.113	1.342	+0.771

Measures if Manitex International Inc is able to pay off its debts by using shareholders equity.

How to use debt to equity ratio

Lower is better.
Below 2 is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to shareholders equity ratio in their analysis

It shows how much debt the company uses to finance their operations. Shareholders equity is whats left over when you subtract total liabilities from total assets. It's another way to meassure how much of Manitex International Inc is financed with debt or own resources.

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of Manitex International Inc is 2.53. This means that Manitex International Inc can pay off $2.53 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Farm & Heavy Construction Machinery industry is 1.21.
What is the trend?
The trend is important because it shows you how Manitex International Inc is performing over time. The most recent quarter might be important if Manitex International Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Manitex International Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Not all debt is equally risky (for example, short term risk is less risky).

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example Manitex International Inc

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
176,047 \ 69,617 = 2.53 or 252.9%

Debt to equity measures the total debt versus the total shareholders equity. While the total debts to total assets ratio uses total assets, the debt to equity ratio looks at the total equity of shareholders. Where equity of shareholders are:

Common shares.
Preferred shares.
Retained earnings.

You can find the shareholders' equity in the balance sheet. A ratio between 0,5 and 1,5 is preferred. If the ratio is above 1.5, that would indicate creditors have significantly more stake (debt) in the company than the shareholders. In other words, the company is using a lot of debt to finance their operations.

Not all debt is equally risky. Meaning you can adjust the ratio by including or excluding certain amounts of debt. Short term debts are less risky because they have to be paid back within one year anyway. It’s much easier to plan one year ahead versus five or ten years.

2. Market Valuation of Manitex International Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Manitex International Inc generates.

Above 15 is considered overpriced but always compare Manitex International Inc to the Farm & Heavy Construction Machinery industry mean.
A PE ratio of 8.53 means the investor is paying $8.53 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Manitex International Inc:

The EOD is 5.751. Based on the earnings, the company is cheap. +2
The MRQ is 8.534. Based on the earnings, the company is underpriced. +1
The TTM is 147.231. Based on the earnings, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	5.751	MRQ	8.534	-2.783
MRQ	8.534	TTM	147.231	-138.697
TTM	147.231	YOY	44.486	+102.745
TTM	147.231	5Y	32.820	+114.411
5Y	32.820	10Y	32.483	+0.337

Compared to industry (Farm & Heavy Construction Machinery)

Period	Company	Industry (mean)	+/-
EOD	5.751	10.432	-4.681
MRQ	8.534	9.053	-0.519
TTM	147.231	9.567	+137.664
YOY	44.486	11.014	+33.472
5Y	32.820	12.223	+20.597
10Y	32.483	15.360	+17.123

Measures how much money you pay for each share for every $1 in earnings Manitex International Inc generates.

Indicates if the company’s shares are under or overvalued.

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare Manitex International Inc to the Farm & Heavy Construction Machinery industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

The PE ratio tells investors the current sentiment in the market for that company. As with every stock, the stock price never shows the real valuation of a company but rather how the market thinks how much the stock is worth.

In other words, the current stock price also incorporates any future earnings or business opportunities in the future. The best example is the stock market crash in 2000. The PE ratio for any internet based company was going through the roof. Only based on the general assumption the internet and all associated businesses would thrive in the future. But this was based on nothing. A business still needs a good product or service to be able to survive. Instead, every investor bought any stock which did something related to the internet. Result: huge market crash.

Many investors were willing to pay premium prices and that was causing the PE ratio to rise. A high PE ratio is a warning sign that investors might be overvaluing a stock based on future earnings.

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of Manitex International Inc is 8.53. This means the investor is paying $8.53 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Farm & Heavy Construction Machinery industry is 9.05.
What is the trend?
The trend is important because it shows you how Manitex International Inc is performing over time. The most recent quarter might be important if Manitex International Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Manitex International Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Some industries might have very high or very low PE ratios in general.
PE ratios can be high for several years, it does not mean a sudden collapse is imminent.
Earnings growth is not included in the PE ratio.

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example Manitex International Inc

You need the following data to determine the PE ratio:

Balance sheet
Income statement

The PE ratio is a very commonly used ratio to determine the value of a company by comparing the current stock price relative to its earnings per share (EPS). Before we can calculate the PE ratio we need to know the EPS. EPS is calculated as follows:

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
0 \ 20,307 = EPS
PE ratio MRQ = 8.53

* The net profit minus preferred dividends can be found in the incomestatement as netIncomeApplicableToCommonShares.

The PE value helps investors to determine if the current stock price is under or overvalued. It also projects future growth.

In general, a higher PE ratio means that investors predict higher future growth. If the PE ratio is too high, then investors expect way too much future growth the company can never fulfil. This is most likely to happen in faster moving companies like tech companies or automobile companies like Tesla. These are hot and booming markets where investors expect much future growth driven by new technology (electric cars). When looking at the current MRQ (most recent quarter) PE ratio of Tesla ( jan. 2021) it's about 247 while the average in the industry is only 6. That might be a clue that Tesla is trading for way too high prices compared to their current assets and is more based on future growth.

2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Manitex International Inc:

The EOD is -72.400. Based on how much money comes from the company's main activities, the company is expensive. -2
The MRQ is -107.433. Based on how much money comes from the company's main activities, the company is expensive. -2
The TTM is -28.218. Based on how much money comes from the company's main activities, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	-72.400	MRQ	-107.433	+35.032
MRQ	-107.433	TTM	-28.218	-79.215
TTM	-28.218	YOY	-1.681	-26.537
TTM	-28.218	5Y	-9.557	-18.660
5Y	-9.557	10Y	63.202	-72.760

Compared to industry (Farm & Heavy Construction Machinery)

Period	Company	Industry (mean)	+/-
EOD	-72.400	4.059	-76.459
MRQ	-107.433	3.388	-110.821
TTM	-28.218	0.089	-28.307
YOY	-1.681	0.578	-2.259
5Y	-9.557	0.247	-9.804
10Y	63.202	0.248	+62.954

2. Book Value per Share

2.3. Price to Book Ratio

Measures if the stock price of Manitex International Inc is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to Farm & Heavy Construction Machinery industry mean).
A PB ratio of 2.23 means the investor is paying $2.23 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Manitex International Inc:

The EOD is 1.501. Based on the equity, the company is underpriced. +1
The MRQ is 2.227. Based on the equity, the company is underpriced. +1
The TTM is 1.659. Based on the equity, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	1.501	MRQ	2.227	-0.726
MRQ	2.227	TTM	1.659	+0.568
TTM	1.659	YOY	1.825	-0.166
TTM	1.659	5Y	1.705	-0.046
5Y	1.705	10Y	1.810	-0.105

Compared to industry (Farm & Heavy Construction Machinery)

Period	Company	Industry (mean)	+/-
EOD	1.501	1.445	+0.056
MRQ	2.227	1.500	+0.727
TTM	1.659	1.479	+0.180
YOY	1.825	1.590	+0.235
5Y	1.705	1.743	-0.038
10Y	1.810	2.055	-0.245

2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Manitex International Inc.

3.1. Institutions holding Manitex International Inc

Institutions are holding 54.195% of the shares of Manitex International Inc.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Royce & Associates, LP	6.7712	0.1108	1372734	-97400	-6.6252
2023-12-31	First Wilshire Securities Mgmt Inc (CA)	4.8849	2.7976	990321	-45145	-4.3599
2023-12-31	Pacific Ridge Capital Partners, LLC	4.7421	1.7065	961368	-12201	-1.2532
2023-12-31	WEALTHTRUST AXIOM LLC	4.3181	2.558	875408	-113522	-11.4793
2023-12-31	Vanguard Group Inc	4.2346	0.0002	858483	656515	325.0589
2023-12-31	Ameriprise Financial Inc	2.9377	0.0016	595561	-301962	-33.6439
2023-12-31	Cannell Capital LLC	2.1601	0.8299	437912	0	0
2023-12-31	Dimensional Fund Advisors, Inc.	1.7403	0.0009	352804	8341	2.4215
2023-12-31	Wedbush Morgan Securities Inc	1.617	0.1269	327810	-88128	-21.1878
2023-12-31	Kennedy Capital Management Inc	1.6037	0.0621	325128	9487	3.0056
2023-12-31	Essex Investment Management Company, LLC	1.4956	0.5217	303202	-21408	-6.595
2023-12-31	Arnhold & S. Bleichroeder Advisers, LLC	1.4679	0.0062	297584	-3500	-1.1625
2023-12-31	CALDWELL SUTTER CAPITAL INC	0.8471	0.7625	171725	0	0
2023-12-31	Auxier Asset Management	0.8414	0.2412	170581	-4900	-2.7923
2023-12-31	Geode Capital Management, LLC	0.7402	0.0001	150055	17846	13.4983
2023-12-31	Legato Capital Management LLC	0.6006	0.139	121770	0	0
2023-12-31	Renaissance Technologies Corp	0.5023	0.0014	101840	13400	15.1515
2023-12-31	Ironwood Investment Management LLC	0.4439	0.4133	89993	-212	-0.235
2023-12-31	Ancora Advisors LLC	0.436	0.0182	88400	88400	0
2023-12-31	BlackRock Inc	0.3778	0	76595	19948	35.2146
Total		42.7625	10.2981	8669274	+125559	+1.4%

3.2. Funds holding Manitex International Inc

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Royce Small-Cap Opportunity Invmt	4.2542	0.5858	862450	-85611	-9.0301
2023-12-31	First Wilshire US SCV Equities SMA	3.5806	2.6683	725901	-37445	-4.9054
2024-02-29	Vanguard Total Stock Mkt Idx Inv	3.1599	0.0003	640610	0	0
2023-09-30	Pacific Ridge Capital Ptnrs Micro Cp Val	2.7722	1.2887	562009	50310	9.832
2023-12-31	FTGF RY US SmCp Opp A USD Dis(A)	2.3606	0.5811	478563	-9900	-2.0268
2024-02-29	Columbia Small Cap Value I A	1.9201	0.2	389255	-721	-0.1849
2023-12-31	Columbia Small Cap Value I	1.9103	0.248	387276	-101869	-20.8259
2023-12-31	Kennedy Extended Small Cap	1.6037	0.1762	325128	9487	3.0056
2024-02-29	Adara Smaller Companies	1.5352	0.3998	311230	0	0
2024-02-29	First Eagle Small Cap Opportunity I	1.3616	0.1066	276030	0	0
2023-12-31	First Eagle US Small Cap Strategy	1.3616	0.1429	276030	3000	1.0988
2024-03-31	VT De Lisle America B USD	1.2913	0.4232	261796	0	0
2023-12-31	Acuitas US Microcap Strategy	1.0615	0.5009	215200	-1180	-0.5453
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	0.9842	0.0013	199531	0	0
2024-02-29	Columbia VP Small Cap Value 1	0.761	0.199	154280	0	0
2023-12-31	Empower Small Cap Value/Kennedy SP	0.5631	0.1767	114164	3192	2.8764
2023-12-31	Auxier Focus Inv	0.4218	0.2725	85521	0	0
2024-02-29	Fidelity Extended Market Index	0.4017	0.0015	81435	-395	-0.4827
2024-02-29	1290 Essex Small Cap Growth I	0.3219	0.7726	65257	0	0
2023-12-31	Adirondack Small Cap	0.2644	1.2989	53605	-31847	-37.2689
Total		31.8909	10.0443	6465271	-202979	-3.1%

3.3. Insider Transactions

Insiders are holding 31.896% of the shares of Manitex International Inc.

Date	Owner	Type	Amount	Price
2023-03-08	David J Langevin	SELL	1142	5.32
2023-03-06	David J Langevin	SELL	1177	5.12
2022-12-21	Michael Coffey	BUY	5000	4.25
2022-09-12	Joseph Doolan	BUY	1500	5.1
2022-05-09	Michael Coffey	BUY	6500	7.64

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Manitex International Inc compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	0.389	0.143	+172%	0.063	+512%	-0.021	+105%	-0.007	+102%
Book Value Per Share	-	-	3.924	3.589	+9%	3.238	+21%	3.569	+10%	4.372	-10%
Current Ratio	-	-	1.569	1.555	+1%	1.497	+5%	1.612	-3%	1.706	-8%
Debt To Asset Ratio	-	-	0.688	0.711	-3%	0.708	-3%	0.652	+6%	0.648	+6%
Debt To Equity Ratio	-	-	2.529	2.844	-11%	2.781	-9%	2.082	+21%	2.113	+20%
Dividend Per Share	-	-	-	-	0%	-	0%	-	0%	0.037	-100%
Eps	-	-	0.256	0.091	+183%	-0.060	+124%	-0.060	+123%	-0.100	+139%
Free Cash Flow Per Share	-	-	-0.020	-0.061	+199%	-0.262	+1187%	-0.017	-14%	0.010	-303%
Free Cash Flow To Equity Per Share	-	-	0.104	-0.017	+116%	0.305	-66%	0.034	+205%	0.044	+138%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	1.644	-39%	-2.057	+306%
Intrinsic Value_10Y_max	-	-	-2.491	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-15.650	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	-0.002	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	-0.541	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	-0.194	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	-2.524	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	-0.615	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-5.479	-	-	-	-	-	-	-	-
Market Cap	119408559.000	-49%	177479107.160	122015749.790	+45%	119104462.500	+49%	122737821.508	+45%	153809178.479	+15%
Net Profit Margin	-	-	0.066	0.024	+178%	-0.017	+126%	-0.028	+142%	-0.034	+151%
Operating Margin	-	-	0.065	0.041	+57%	0.005	+1128%	0.001	+6824%	0.008	+758%
Operating Ratio	-	-	0.939	0.946	-1%	0.978	-4%	0.987	-5%	0.984	-5%
Pb Ratio	1.501	-48%	2.227	1.659	+34%	1.825	+22%	1.705	+31%	1.810	+23%
Pe Ratio	5.751	-48%	8.534	147.231	-94%	44.486	-81%	32.820	-74%	32.483	-74%
Price Per Share	5.890	-48%	8.740	6.015	+45%	5.875	+49%	6.054	+44%	7.587	+15%
Price To Free Cash Flow Ratio	-72.400	+33%	-107.433	-28.218	-74%	-1.681	-98%	-9.557	-91%	63.202	-270%
Price To Total Gains Ratio	15.156	-48%	22.489	68.804	-67%	-114.975	+611%	-5.124	+123%	-224.394	+1098%
Quick Ratio	-	-	0.635	0.612	+4%	0.624	+2%	0.713	-11%	0.744	-15%
Return On Assets	-	-	0.020	0.007	+183%	-0.004	+122%	-0.007	+132%	-0.008	+137%
Return On Equity	-	-	0.075	0.027	+176%	-0.020	+127%	-0.018	+124%	-0.026	+134%
Total Gains Per Share	-	-	0.389	0.143	+172%	0.063	+512%	-0.021	+105%	0.030	+1195%
Usd Book Value	-	-	79684000.000	72789500.000	+9%	65648500.000	+21%	72359100.000	+10%	88638375.000	-10%
Usd Book Value Change Per Share	-	-	0.389	0.143	+172%	0.063	+512%	-0.021	+105%	-0.007	+102%
Usd Book Value Per Share	-	-	3.924	3.589	+9%	3.238	+21%	3.569	+10%	4.372	-10%
Usd Dividend Per Share	-	-	-	-	0%	-	0%	-	0%	0.037	-100%
Usd Eps	-	-	0.256	0.091	+183%	-0.060	+124%	-0.060	+123%	-0.100	+139%
Usd Free Cash Flow	-	-	-413000.000	-1235000.000	+199%	-5308500.000	+1185%	-353800.000	-14%	203025.000	-303%
Usd Free Cash Flow Per Share	-	-	-0.020	-0.061	+199%	-0.262	+1187%	-0.017	-14%	0.010	-303%
Usd Free Cash Flow To Equity Per Share	-	-	0.104	-0.017	+116%	0.305	-66%	0.034	+205%	0.044	+138%
Usd Market Cap	119408559.000	-49%	177479107.160	122015749.790	+45%	119104462.500	+49%	122737821.508	+45%	153809178.479	+15%
Usd Price Per Share	5.890	-48%	8.740	6.015	+45%	5.875	+49%	6.054	+44%	7.587	+15%
Usd Profit	-	-	5199000.000	1819250.000	+186%	-1114750.000	+121%	-1192850.000	+123%	-1963800.000	+138%
Usd Revenue	-	-	78653000.000	72847250.000	+8%	68463500.000	+15%	58452800.000	+35%	66370375.000	+19%
Usd Total Gains Per Share	-	-	0.389	0.143	+172%	0.063	+512%	-0.021	+105%	0.030	+1195%
	EOD	+3 -5	MRQ	TTM	+30 -3	YOY	+29 -4	5Y	+24 -10	10Y	+22 -14

4.2. Fundamental Score

Let's check the fundamental score of Manitex International Inc based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	5.751
Price to Book Ratio (EOD)	Between	0-1	1.501
Net Profit Margin (MRQ)	Greater than	0	0.066
Operating Margin (MRQ)	Greater than	0	0.065
Quick Ratio (MRQ)	Greater than	1	0.635
Current Ratio (MRQ)	Greater than	1	1.569
Debt to Asset Ratio (MRQ)	Less than	1	0.688
Debt to Equity Ratio (MRQ)	Less than	1	2.529
Return on Equity (MRQ)	Greater than	0.15	0.075
Return on Assets (MRQ)	Greater than	0.05	0.020
Total			5/10 (50.0%)

Create your own Stock Scanner

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4.3. Technical Score

Let's check the technical score of Manitex International Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	42.592
Ma 20	Greater than	Ma 50	6.369
Ma 50	Greater than	Ma 100	6.609
Ma 100	Greater than	Ma 200	7.205
Open	Greater than	Close	6.190
Total			2/5 (40.0%)

Create your own Symbol Scanner

Trading is personal. The best traders buy and sell based on their own technical analysis. Create your personal Symbol Scanner with the technical indicators that are important to you.
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Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

		2022-12-31		2023-03-31		2023-06-30		2023-09-30		2023-12-31
Tax Provision		1,544	-1,531	13	194	207	535	742	-4,099	-3,357
Income Tax Expense		1,544	-1,531	13	194	207	535	742	-4,099	-3,357

Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in USD. All numbers in thousands.

Summary

Total Assets	255,731
Total Liabilities	176,047
Total Stockholder Equity	69,617

	As reported
Total Liabilities	176,047
Total Stockholder Equity	+ 69,617
Total Assets	= 255,731

Assets

Total Assets	255,731
Total Current Assets	145,573
Long-term Assets	110,158

Total Current Assets

Total Current Assets (as reported)	145,573
Cash And Cash Equivalents	9,269
Net Receivables	49,671
Inventory	82,337
Other Current Assets	4,084
Total Current Assets (calculated)	145,361
+/-	212

Long-term Assets

Long-term Assets (as reported)	110,158
Property Plant Equipment	56,976
Goodwill	37,354
Intangible Assets	12,225
Long-term Assets (calculated)	106,555
+/-	3,603

Liabilities & Shareholders' Equity

Total Current Liabilities	92,791
Long-term Liabilities	83,256
Total Stockholder Equity	69,617

Total Current Liabilities

Total Current Liabilities (as reported)	92,791
Short-term Debt	28,233
Short Long Term Debt	25,528
Accounts payable	47,644
Other Current Liabilities	14,530
Total Current Liabilities (calculated)	115,935
+/-	23,144

Long-term Liabilities

Long-term Liabilities (as reported)	83,256
Long term Debt	66,030
Capital Lease Obligations	10,797
Long-term Liabilities Other	4,642
Long-term Liabilities (calculated)	81,469
+/-	1,787

Total Stockholder Equity

Total Stockholder Equity (as reported)	69,617
Common Stock	134,328
Retained Earnings	-65,982
Accumulated Other Comprehensive Income	-4,169
Other Stockholders Equity	5,440
Total Stockholder Equity (calculated)	69,617
+/-	0

Other

Capital Stock	134,328
Cash and Short Term Investments	9,269
Common Stock Shares Outstanding	20,307
Current Deferred Revenue	2,384
Liabilities and Stockholders Equity	255,731
Net Debt	93,086
Net Invested Capital	161,175
Net Working Capital	52,782
Property Plant and Equipment Gross	86,727
Short Long Term Debt Total	102,355

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

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

2008-12-31

2008-09-30

2008-06-30

2008-03-31

2007-12-31

2007-09-30

2007-06-30

2007-03-31

2006-12-31

2006-09-30

2006-06-30

2006-03-31

2005-12-31

2005-09-30

2005-06-30

2005-03-31

2004-12-31

2004-09-30

2003-12-31

2002-12-31

> Total Assets

5,461
11,346
15,140
11,885
11,885
18,051
18,509
17,227
16,669
16,157
73,521
83,844
83,844
84,084
81,625
80,175
82,105
84,744
86,339
86,228
77,859
77,056
85,660
94,685
96,384
97,602
99,649
105,517
109,216
114,874
117,978
121,591
133,810
143,046
149,437
151,504
156,427
160,370
174,284
182,730
184,377
198,715
191,799
317,308
443,617
445,329
437,673
406,658
424,130
407,823
375,347
317,985
314,401
229,815
231,857
225,188
231,857
244,874
234,441
217,249
228,461
226,754
202,749
195,402
194,507
190,143
181,413
173,595
177,775
181,675
178,798
179,775
181,045
252,343
239,542
236,603
249,264
253,391
247,123
255,731

255,731

247,123

253,391

249,264

236,603

239,542

252,343

181,045

179,775

178,798

181,675

177,775

173,595

181,413

190,143

194,507

195,402

202,749

226,754

228,461

217,249

234,441

244,874

231,857

225,188

231,857

229,815

314,401

317,985

375,347

407,823

424,130

406,658

437,673

445,329

443,617

317,308

191,799

198,715

184,377

182,730

174,284

160,370

156,427

151,504

149,437

143,046

133,810

121,591

117,978

114,874

109,216

105,517

99,649

97,602

96,384

94,685

85,660

77,056

77,859

86,228

86,339

84,744

82,105

80,175

81,625

84,084

83,844

73,521

16,157

16,669

17,227

18,509

18,051

11,885

15,140

11,346

5,461

> Total Current Assets

0
0
9,291
5,188
5,188
10,463
10,209
7,623
6,736
6,121
29,153
36,114
36,114
37,983
36,370
35,040
37,007
39,903
42,027
40,685
32,969
32,666
36,992
40,147
42,864
44,855
47,496
54,703
59,242
65,898
66,154
71,209
84,805
96,496
103,450
104,777
110,443
115,052
116,452
122,037
124,714
139,898
134,751
173,502
223,519
220,539
211,834
202,700
223,085
212,221
192,826
151,164
149,135
117,916
118,372
110,322
118,372
149,219
140,234
131,993
142,052
140,666
129,954
123,417
130,872
126,900
117,688
106,271
113,494
117,849
117,015
121,536
125,154
143,270
131,477
127,504
137,968
144,229
140,983
145,573

145,573

140,983

144,229

137,968

127,504

131,477

143,270

125,154

121,536

117,015

117,849

113,494

106,271

117,688

126,900

130,872

123,417

129,954

140,666

142,052

131,993

140,234

149,219

118,372

110,322

118,372

117,916

149,135

151,164

192,826

212,221

223,085

202,700

211,834

220,539

223,519

173,502

134,751

139,898

124,714

122,037

116,452

115,052

110,443

104,777

103,450

96,496

84,805

71,209

66,154

65,898

59,242

54,703

47,496

44,855

42,864

40,147

36,992

32,666

32,969

40,685

42,027

39,903

37,007

35,040

36,370

37,983

36,114

29,153

6,121

6,736

7,623

10,209

10,463

5,188

9,291

Cash And Cash Equivalents

11
0
0
6
6
7,068
5,294
2,025
890
566
36
615
615
239
1,302
569
274
998
207
425
128
97
90
287
455
1,485
217
662
1,441
979
773
71
523
1,728
3,305
1,889
2,120
3,171
3,078
6,091
1,050
3,189
4,934
4,370
5,578
6,308
4,446
8,578
3,929
9,896
6,019
5,110
2,930
2,816
2,968
5,014
3,320
20,630
20,265
22,103
20,889
17,721
20,033
23,360
22,101
26,214
23,331
17,161
15,839
17,170
17,336
21,359
15,524
16,588
11,677
7,973
9,927
7,092
4,673
9,269

9,269

4,673

7,092

9,927

7,973

11,677

16,588

15,524

21,359

17,336

17,170

15,839

17,161

23,331

26,214

22,101

23,360

20,033

17,721

20,889

22,103

20,265

20,630

3,320

5,014

2,968

2,816

2,930

5,110

6,019

9,896

3,929

8,578

4,446

6,308

5,578

4,370

4,934

3,189

1,050

6,091

3,078

3,171

2,120

1,889

3,305

1,728

523

773

979

1,441

662

217

1,485

455

287

128

425

207

998

274

569

1,302

239

615

566

890

2,025

5,294

7,068

Short-term Investments

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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
773
772
773
0
352
7,841
6,253
5,346
2,160
2,970
7,398
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

7,398

2,970

2,160

5,346

6,253

7,841

352

773

772

773

Net Receivables

0
0
8,405
3,844
3,844
2,179
1,928
4,301
4,247
4,305
17,518
16,517
16,517
19,346
16,054
16,774
16,938
17,485
19,301
17,286
9,362
8,635
9,473
11,018
14,605
15,048
17,371
20,997
19,974
24,415
24,571
26,591
33,441
38,446
36,200
39,226
42,314
41,937
34,853
40,271
45,643
53,233
45,552
69,707
89,277
83,451
77,809
67,030
91,799
79,258
73,041
49,100
52,180
46,386
47,308
48,579
47,308
50,505
44,820
47,822
49,627
40,478
38,602
36,265
37,545
29,977
30,913
30,597
34,854
36,747
32,023
32,554
36,281
47,494
39,383
45,606
45,203
49,924
48,173
49,671

49,671

48,173

49,924

45,203

45,606

39,383

47,494

36,281

32,554

32,023

36,747

34,854

30,597

30,913

29,977

37,545

36,265

38,602

40,478

49,627

47,822

44,820

50,505

47,308

48,579

47,308

46,386

52,180

49,100

73,041

79,258

91,799

67,030

77,809

83,451

89,277

69,707

45,552

53,233

45,643

40,271

34,853

41,937

42,314

39,226

36,200

38,446

33,441

26,591

24,571

24,415

19,974

20,997

17,371

15,048

14,605

11,018

9,473

8,635

9,362

17,286

19,301

17,485

16,938

16,774

16,054

19,346

16,517

17,518

4,305

4,247

4,301

1,928

2,179

3,844

8,405

Other Current Assets

119
217
163
582
582
142
-1
136
236
200
1,005
1,552
1,552
1,099
310
172
41
40
1,489
908
1,378
1,272
1,394
1,565
1,864
1,712
1,481
2,350
2,309
2,501
2,063
2,240
2,866
2,990
3,439
1,206
2,082
1,488
1,927
1,669
1,854
2,444
1,908
1,733
6,853
4,927
4,709
4,872
4,218
5,139
3,823
4,745
5,057
4,454
4,322
2,017
4,322
2,369
2,017
1,639
4,259
3,308
3,178
4,841
5,050
4,950
4,392
2,218
3,712
3,198
2,976
2,436
4,838
2,893
2,815
3,832
3,504
3,694
2,748
4,084

4,084

2,748

3,694

3,504

3,832

2,815

2,893

4,838

2,436

2,976

3,198

3,712

2,218

4,392

4,950

5,050

4,841

3,178

3,308

4,259

1,639

2,017

2,369

4,322

2,017

4,322

4,454

5,057

4,745

3,823

5,139

4,218

4,872

4,709

4,927

6,853

1,733

1,908

2,444

1,854

1,669

1,927

1,488

2,082

1,206

3,439

2,990

2,866

2,240

2,063

2,501

2,309

2,350

1,481

1,712

1,864

1,565

1,394

1,272

1,378

908

1,489

172

310

1,099

1,552

1,005

200

236

136

-1

142

582

163

217

119

> Long-term Assets

0
0
5,849
6,697
6,697
7,588
8,300
9,604
9,933
10,036
44,368
0
47,730
46,101
45,255
45,135
45,098
44,841
44,312
45,543
44,890
44,390
48,668
54,538
53,520
52,747
52,153
50,814
49,974
48,976
51,824
50,382
49,005
46,550
45,987
46,727
45,984
45,318
57,832
60,693
59,663
58,817
57,048
143,806
220,098
224,790
225,839
203,958
201,045
195,602
182,521
166,821
165,266
111,899
113,485
114,866
113,485
95,655
94,207
85,256
86,409
86,088
72,795
71,985
63,635
63,243
63,725
67,324
64,281
63,826
61,783
58,239
55,891
109,073
108,065
109,099
111,296
109,162
106,140
110,158

110,158

106,140

109,162

111,296

109,099

108,065

109,073

55,891

58,239

61,783

63,826

64,281

67,324

63,725

63,243

63,635

71,985

72,795

86,088

86,409

85,256

94,207

95,655

113,485

114,866

113,485

111,899

165,266

166,821

182,521

195,602

201,045

203,958

225,839

224,790

220,098

143,806

57,048

58,817

59,663

60,693

57,832

45,318

45,984

46,727

45,987

46,550

49,005

50,382

51,824

48,976

49,974

50,814

52,153

52,747

53,520

54,538

48,668

44,390

44,890

45,543

44,312

44,841

45,098

45,135

45,255

46,101

47,730

44,368

10,036

9,933

9,604

8,300

7,588

6,697

5,849

Property Plant Equipment

193
104
174
165
165
494
1,142
2,085
2,315
2,276
8,134
6,417
6,417
5,844
5,678
5,778
5,675
5,719
5,637
5,878
5,694
5,510
7,728
11,804
11,280
11,053
10,955
10,659
10,387
10,128
11,344
11,017
10,850
10,358
10,273
10,297
10,253
10,187
11,379
11,143
10,706
10,477
10,097
28,846
44,281
44,073
46,635
41,985
41,775
40,627
39,853
37,241
36,550
22,152
22,287
22,038
22,287
20,850
20,366
20,249
23,104
23,199
21,825
21,622
20,921
20,565
20,691
22,791
21,529
21,387
20,510
20,023
18,759
55,189
56,063
57,364
59,803
57,939
56,245
56,976

56,976

56,245

57,939

59,803

57,364

56,063

55,189

18,759

20,023

20,510

21,387

21,529

22,791

20,691

20,565

20,921

21,622

21,825

23,199

23,104

20,249

20,366

20,850

22,287

22,038

22,287

22,152

36,550

37,241

39,853

40,627

41,775

41,985

46,635

44,073

44,281

28,846

10,097

10,477

10,706

11,143

11,379

10,187

10,253

10,297

10,273

10,358

10,850

11,017

11,344

10,128

10,387

10,659

10,955

11,053

11,280

11,804

7,728

5,510

5,694

5,878

5,637

5,719

5,675

5,778

5,678

5,844

6,417

8,134

2,276

2,315

2,085

1,142

494

165

174

104

193

Goodwill

0
0
0
0
0
0
0
0
0
0
24,774
13,305
13,305
13,390
14,065
14,065
14,065
14,177
14,177
14,452
14,452
14,452
14,452
14,452
14,452
14,452
14,452
14,452
14,452
14,452
15,302
15,267
15,291
15,245
15,266
15,283
15,259
15,276
19,880
22,366
22,511
22,492
22,213
50,830
76,546
82,012
82,035
80,089
81,572
80,298
77,186
70,248
70,635
41,948
43,014
43,569
43,014
42,654
42,508
36,298
35,808
36,122
31,973
32,635
25,621
25,958
26,699
27,472
26,729
26,889
26,476
24,949
24,629
36,805
36,015
36,916
37,164
37,075
36,674
37,354

37,354

36,674

37,075

37,164

36,916

36,015

36,805

24,629

24,949

26,476

26,889

26,729

27,472

26,699

25,958

25,621

32,635

31,973

36,122

35,808

36,298

42,508

42,654

43,014

43,569

43,014

41,948

70,635

70,248

77,186

80,298

81,572

80,089

82,035

82,012

76,546

50,830

22,213

22,492

22,511

22,366

19,880

15,276

15,259

15,283

15,266

15,245

15,291

15,267

15,302

14,452

14,177

14,065

13,390

13,305

24,774

Long Term Investments

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
0
0
0
0
0
0
0
0
5,951
5,912
5,872
5,833
5,752
5,713
5,673
0
0
0
14,560
14,844
14,931
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

14,931

14,844

14,560

5,673

5,713

5,752

5,833

5,872

5,912

5,951

Intangible Assets

332
4,651
4,562
4,476
4,476
4,365
4,314
4,342
4,264
4,183
7,189
21,283
21,283
19,827
21,765
21,352
20,907
20,494
20,047
21,148
20,679
20,279
21,798
22,401
21,915
21,378
20,890
20,403
19,909
19,552
20,732
20,153
19,689
19,051
18,587
18,442
17,840
17,308
23,242
24,036
23,360
22,697
21,783
51,922
76,060
75,510
73,740
70,629
70,166
67,560
63,645
56,809
55,546
31,094
31,247
31,014
31,247
29,042
28,260
24,773
23,818
23,366
17,204
17,032
16,117
15,807
15,752
15,671
14,633
14,160
13,407
11,946
11,157
15,678
14,511
14,367
13,877
13,696
12,769
12,225

12,225

12,769

13,696

13,877

14,367

14,511

15,678

11,157

11,946

13,407

14,160

14,633

15,671

15,752

15,807

16,117

17,032

17,204

23,366

23,818

24,773

28,260

29,042

31,247

31,014

31,247

31,094

55,546

56,809

63,645

67,560

70,166

70,629

73,740

75,510

76,060

51,922

21,783

22,697

23,360

24,036

23,242

17,308

17,840

18,442

18,587

19,051

19,689

20,153

20,732

19,552

19,909

20,403

20,890

21,378

21,915

22,401

21,798

20,279

20,679

21,148

20,047

20,494

20,907

21,352

21,765

19,827

21,283

7,189

4,183

4,264

4,342

4,314

4,365

4,476

4,562

4,651

332

Long-term Assets Other

0
0
44
43
43
78
174
71
65
59
10,455
2,978
2,978
3,293
2,854
0
3,736
3,736
3,736
0
3,483
3,567
94
85
77
68
60
51
43
122
114
150
161
146
134
139
121
108
1,073
1,031
975
1,033
1,019
4,176
6,325
6,070
5,865
2,552
-1,132
-1,507
1,837
1,978
1,990
1,600
1,548
1,475
1,548
1,270
1,234
1,570
1,313
1,302
1,250
281
581
498
168
1,143
1,143
1,143
1,143
1,143
1,168
1,143
1,143
452
-110,844
-108,710
-105,688
0

-105,688

-108,710

-110,844

452

1,143

1,168

1,143

168

498

581

281

1,250

1,302

1,313

1,570

1,234

1,270

1,548

1,475

1,548

1,600

1,990

1,978

1,837

-1,507

-1,132

2,552

5,865

6,070

6,325

4,176

1,019

1,033

975

1,031

1,073

108

121

139

134

146

161

150

114

122

3,567

3,483

3,736

2,854

3,293

2,978

10,455

174

Deferred Long Term Asset Charges

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
4,722
4,332
3,238
2,549
1,390
1,391
2,259
2,258
2,257
2,258
2,117
2,111
2,118
1,936
2,081
10,974
11,253
11,731
0
0
0
0
0
545
545
545
1,839
1,839
1,839
1,839
2,366
2,366
2,099
543
415
395
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

395

415

543

2,099

2,366

1,839

545

11,731

11,253

10,974

2,081

1,936

2,118

2,111

2,117

2,258

2,257

2,258

2,259

1,391

1,390

2,549

3,238

4,332

4,722

> Total Liabilities

5,656
11,699
17,103
15,694
15,694
906
1,430
1,056
868
770
57,784
64,380
64,380
63,905
50,755
48,465
49,850
50,377
51,874
51,214
42,793
41,894
49,198
54,257
55,093
56,553
57,624
62,243
65,199
69,772
72,799
74,797
85,307
92,591
92,229
91,971
94,961
96,274
92,178
97,739
97,280
108,217
100,092
187,302
308,431
308,033
300,193
276,358
287,585
273,366
259,350
218,423
215,267
156,399
160,770
154,343
160,770
145,539
135,127
129,245
140,027
134,679
123,456
115,852
122,732
120,523
112,080
104,686
110,585
108,646
107,391
116,960
118,540
184,094
175,663
168,642
179,930
182,925
175,449
176,047

176,047

175,449

182,925

179,930

168,642

175,663

184,094

118,540

116,960

107,391

108,646

110,585

104,686

112,080

120,523

122,732

115,852

123,456

134,679

140,027

129,245

135,127

145,539

160,770

154,343

160,770

156,399

215,267

218,423

259,350

273,366

287,585

276,358

300,193

308,033

308,431

187,302

100,092

108,217

97,280

97,739

92,178

96,274

94,961

91,971

92,229

92,591

85,307

74,797

72,799

69,772

65,199

62,243

57,624

56,553

55,093

54,257

49,198

41,894

42,793

51,214

51,874

50,377

49,850

48,465

50,755

63,905

64,380

57,784

770

868

1,056

1,430

906

15,694

17,103

11,699

5,656

> Total Current Liabilities

4,146
5,597
10,035
8,509
8,509
892
1,413
1,036
844
743
47,522
19,321
19,321
17,825
16,702
15,872
16,109
18,101
18,732
17,062
12,163
11,362
13,338
14,569
14,950
15,579
17,875
23,011
25,413
27,006
27,009
30,177
40,279
44,193
44,655
43,351
45,478
44,873
44,940
48,016
49,543
55,506
50,646
84,032
124,581
122,991
116,137
120,036
134,439
126,737
123,313
96,705
94,671
85,470
83,360
79,428
83,360
83,587
73,136
72,954
82,499
77,065
67,048
68,076
84,357
79,584
78,642
64,521
71,396
70,229
69,372
81,863
84,126
98,612
83,633
86,461
88,943
96,518
87,895
92,791

92,791

87,895

96,518

88,943

86,461

83,633

98,612

84,126

81,863

69,372

70,229

71,396

64,521

78,642

79,584

84,357

68,076

67,048

77,065

82,499

72,954

73,136

83,587

83,360

79,428

83,360

85,470

94,671

96,705

123,313

126,737

134,439

120,036

116,137

122,991

124,581

84,032

50,646

55,506

49,543

48,016

44,940

44,873

45,478

43,351

44,655

44,193

40,279

30,177

27,009

27,006

25,413

23,011

17,875

15,579

14,950

14,569

13,338

11,362

12,163

17,062

18,732

18,101

16,109

15,872

16,702

17,825

19,321

47,522

743

844

1,036

1,413

892

8,509

10,035

5,597

4,146

Short-term Debt

0
0
8,824
0
6,960
0
144
0
0
0
33,681
871
871
1,069
901
1,170
1,208
1,799
1,612
1,841
2,262
2,322
2,737
3,144
3,673
3,112
3,032
3,210
3,838
5,171
5,554
5,983
8,519
9,075
6,798
8,133
10,165
8,855
11,401
11,429
11,764
13,828
11,762
16,428
39,670
36,829
38,246
33,122
43,585
41,549
43,006
27,746
31,271
29,822
31,967
29,131
32,329
24,661
21,873
23,128
25,284
21,256
22,983
26,931
35,571
34,132
34,376
18,021
18,348
14,095
15,761
19,864
21,950
22,496
18,586
24,933
23,903
26,579
21,217
28,233

28,233

21,217

26,579

23,903

24,933

18,586

22,496

21,950

19,864

15,761

14,095

18,348

18,021

34,376

34,132

35,571

26,931

22,983

21,256

25,284

23,128

21,873

24,661

32,329

29,131

31,967

29,822

31,271

27,746

43,006

41,549

43,585

33,122

38,246

36,829

39,670

16,428

11,762

13,828

11,764

11,429

11,401

8,855

10,165

8,133

6,798

9,075

8,519

5,983

5,554

5,171

3,838

3,210

3,032

3,112

3,673

3,144

2,737

2,322

2,262

1,841

1,612

1,799

1,208

1,170

901

1,069

871

33,681

144

6,960

8,824

Short Long Term Debt

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
0
0
0
0
0
0
0
0
14,678
0
0
0
25,712
0
41,549
43,006
26,204
30,148
102,682
6,762
4,551
7,407
5,505
4,822
2,260
23,835
19,734
21,536
25,535
34,312
32,954
33,263
16,510
16,995
12,727
14,383
18,401
20,388
20,373
16,486
22,666
21,237
23,857
18,640
25,528

25,528

18,640

23,857

21,237

22,666

16,486

20,373

20,388

18,401

14,383

12,727

16,995

16,510

33,263

32,954

34,312

25,535

21,536

19,734

23,835

2,260

4,822

5,505

7,407

4,551

6,762

102,682

30,148

26,204

43,006

41,549

25,712

14,678

Accounts payable

323
610
762
938
938
223
1,220
767
659
463
9,917
14,468
14,468
12,223
11,330
9,543
10,499
12,919
13,576
12,083
7,762
6,965
8,273
9,183
8,705
9,345
10,965
14,928
17,318
16,817
16,353
18,421
25,232
27,397
30,150
25,101
26,599
26,443
23,142
24,974
27,885
29,066
27,263
35,191
57,879
57,480
52,465
62,137
65,334
60,539
54,160
45,778
43,946
40,847
48,396
46,787
36,455
46,183
40,269
36,896
44,128
44,378
33,176
29,974
37,944
29,667
29,337
32,429
38,846
43,473
41,666
44,136
46,935
59,140
46,967
45,682
49,256
53,016
50,665
47,644

47,644

50,665

53,016

49,256

45,682

46,967

59,140

46,935

44,136

41,666

43,473

38,846

32,429

29,337

29,667

37,944

29,974

33,176

44,378

44,128

36,896

40,269

46,183

36,455

46,787

48,396

40,847

43,946

45,778

54,160

60,539

65,334

62,137

52,465

57,480

57,879

35,191

27,263

29,066

27,885

24,974

23,142

26,443

26,599

25,101

30,150

27,397

25,232

18,421

16,353

16,817

17,318

14,928

10,965

9,345

8,705

9,183

8,273

6,965

7,762

12,083

13,576

12,919

10,499

9,543

11,330

12,223

14,468

9,917

463

659

767

1,220

223

938

762

610

323

Other Current Liabilities

150
254
2
7,367
407
67
-1
269
185
280
3,794
3,982
787
961
670
751
734
641
652
301
87
146
211
97
88
257
453
538
208
744
444
357
406
922
1,616
10,084
1,557
9,560
2,677
1,930
2,573
3,173
1,883
2,407
3,167
4,887
3,801
2,113
2,779
3,032
4,573
2,150
2,733
2,511
2,635
3,132
2,635
10,187
9,217
10,620
10,775
10,056
9,496
9,553
9,633
10,664
9,513
7,961
8,684
9,629
8,844
10,742
10,564
13,022
14,645
12,439
13,052
14,270
13,793
14,530

14,530

13,793

14,270

13,052

12,439

14,645

13,022

10,564

10,742

8,844

9,629

8,684

7,961

9,513

10,664

9,633

9,553

9,496

10,056

10,775

10,620

9,217

10,187

2,635

3,132

2,635

2,511

2,733

2,150

4,573

3,032

2,779

2,113

3,801

4,887

3,167

2,407

1,883

3,173

2,573

1,930

2,677

9,560

1,557

10,084

1,616

922

406

357

444

744

208

538

453

257

211

146

301

652

641

734

751

670

961

787

3,982

3,794

280

185

269

-1

407

7,367

254

150

> Long-term Liabilities

0
0
7,068
7,185
7,185
14
17
20
24
27
10,262
0
45,059
46,080
34,053
32,593
33,741
32,276
33,142
34,152
30,630
30,532
35,860
39,688
40,143
40,974
39,749
39,232
39,786
42,766
45,790
44,620
45,028
48,398
47,574
48,620
49,483
51,401
47,238
49,723
47,737
52,711
49,446
103,270
183,850
185,042
184,056
156,322
153,146
146,629
136,037
121,718
120,596
70,929
77,410
74,915
77,410
61,952
61,991
56,291
57,528
57,614
56,408
47,776
38,375
40,939
33,438
40,165
39,189
38,417
38,019
35,097
34,414
85,482
92,030
82,181
90,987
86,407
87,554
83,256

83,256

87,554

86,407

90,987

82,181

92,030

85,482

34,414

35,097

38,019

38,417

39,189

40,165

33,438

40,939

38,375

47,776

56,408

57,614

57,528

56,291

61,991

61,952

77,410

74,915

77,410

70,929

120,596

121,718

136,037

146,629

153,146

156,322

184,056

185,042

183,850

103,270

49,446

52,711

47,737

49,723

47,238

51,401

49,483

48,620

47,574

48,398

45,028

44,620

45,790

42,766

39,786

39,232

39,749

40,974

40,143

39,688

35,860

30,532

30,630

34,152

33,142

32,276

33,741

32,593

34,053

46,080

45,059

10,262

7,185

7,068

Long term Debt Total

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
34,528
37,641
36,244
36,775
40,304
39,506
41,005
41,950
43,957
39,844
42,802
40,904
46,000
42,941
96,366
160,705
160,201
157,334
142,746
139,550
134,451
123,736
79,753
80,736
71,130
69,113
66,347
67,312
53,605
53,418
49,883
44,425
44,762
29,176
19,446
25,060
27,944
20,368
26,231
25,711
25,719
25,388
22,806
22,668
70,962
76,981
63,740
71,160
67,567
0
0

67,567

71,160

63,740

76,981

70,962

22,668

22,806

25,388

25,719

25,711

26,231

20,368

27,944

25,060

19,446

29,176

44,762

44,425

49,883

53,418

53,605

67,312

66,347

69,113

71,130

80,736

79,753

123,736

134,451

139,550

142,746

157,334

160,201

160,705

96,366

42,941

46,000

40,904

42,802

39,844

43,957

41,950

41,005

39,506

40,304

36,775

36,244

37,641

34,528

Deferred Long Term Asset Charges

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
4,722
4,332
3,238
2,549
1,390
1,391
2,259
2,258
2,257
2,258
2,117
2,111
2,118
1,936
2,081
10,974
11,253
11,731
0
0
0
0
0
545
545
545
1,839
1,839
1,839
1,839
2,366
2,366
2,099
543
415
395
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

395

415

543

2,099

2,366

1,839

545

11,731

11,253

10,974

2,081

1,936

2,118

2,111

2,117

2,258

2,257

2,258

2,259

1,391

1,390

2,549

3,238

4,332

4,722

Warrants

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
1,743
1,743
232
232
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
0
0
0
0
0
0
0
0
0
0
0
0

232

1,743

Long-term Liabilities Other

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
166
169
1,143
1,115
1,050
1,120
1,318
1,330
1,302
1,347
1,199
1,204
1,178
1,065
1,973
5,133
6,299
7,890
7,763
7,858
6,792
6,776
46,772
44,278
3,723
3,737
4,215
4,120
3,883
3,910
5,474
12,283
12,124
26,183
26,618
12,076
11,741
11,504
12,014
11,594
4,192
10,607
10,710
10,349
11,557
10,954
12,863
14,639
14,060
5,057
4,642

4,642

5,057

14,060

14,639

12,863

10,954

11,557

10,349

10,710

10,607

4,192

11,594

12,014

11,504

11,741

12,076

26,618

26,183

12,124

12,283

5,474

3,910

3,883

4,120

4,215

3,737

3,723

44,278

46,772

6,776

6,792

7,858

7,763

7,890

6,299

5,133

1,973

1,065

1,178

1,204

1,199

1,347

1,302

1,330

1,318

1,120

1,050

1,115

1,143

169

166

Deferred Long Term Liability

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
8,072
7,980
7,233
7,138
7,044
6,948
6,297
6,203
6,142
6,047
5,722
5,629
5,533
5,440
5,431
18,012
18,542
18,832
5,813
5,738
5,386
5,525
4,300
4,596
4,401
4,560
4,353
4,318
4,464
4,663
934
820
728
1,049
1,712
1,239
1,254
1,566
1,920
1,884
1,832
2,024
1,581
1,397
2,963
4,095
5,578
5,188
4,780
0
0

4,780

5,188

5,578

4,095

2,963

1,397

1,581

2,024

1,832

1,884

1,920

1,566

1,254

1,239

1,712

1,049

728

820

934

4,663

4,464

4,318

4,353

4,560

4,401

4,596

4,300

5,525

5,386

5,738

5,813

18,832

18,542

18,012

5,431

5,440

5,533

5,629

5,722

6,047

6,142

6,203

6,297

6,948

7,044

7,138

7,233

7,980

8,072

> Total Stockholder Equity

0
0
-1,963
-3,809
-3,809
17,145
17,079
16,171
15,801
15,387
15,737
18,440
18,440
19,155
29,846
30,686
31,231
33,343
34,465
35,014
35,066
35,162
36,462
40,428
41,291
41,049
42,025
43,274
44,017
45,102
45,179
46,794
48,503
50,455
57,208
59,533
61,466
64,096
82,106
84,991
87,097
90,498
91,707
104,766
111,653
113,584
113,746
107,012
110,934
108,446
89,692
74,398
73,857
73,416
71,087
70,845
71,087
99,335
99,314
88,004
88,434
92,075
79,293
79,550
71,775
69,620
69,333
68,909
67,190
73,029
71,407
62,815
62,505
59,131
54,473
58,395
59,847
60,851
61,865
69,617

69,617

61,865

60,851

59,847

58,395

54,473

59,131

62,505

62,815

71,407

73,029

67,190

68,909

69,333

69,620

71,775

79,550

79,293

92,075

88,434

88,004

99,314

99,335

71,087

70,845

71,087

73,416

73,857

74,398

89,692

108,446

110,934

107,012

113,746

113,584

111,653

104,766

91,707

90,498

87,097

84,991

82,106

64,096

61,466

59,533

57,208

50,455

48,503

46,794

45,179

45,102

44,017

43,274

42,025

41,049

41,291

40,428

36,462

35,162

35,066

35,014

34,465

33,343

31,231

30,686

29,846

19,155

18,440

15,737

15,387

15,801

16,171

17,079

17,145

-3,809

-1,963

Common Stock

0
100
100
100
22,352
22,339
22,337
22,332
22,332
22,332
23,248
31,274
31,274
32,435
41,928
41,915
41,915
42,993
44,017
45,022
45,271
45,271
46,247
46,375
46,811
46,814
46,814
46,920
46,989
46,989
46,989
48,571
48,717
48,979
52,760
53,040
53,329
53,329
68,282
68,554
68,888
68,894
68,894
82,040
92,453
92,462
92,462
93,186
93,678
93,683
93,775
94,324
97,247
97,279
97,468
97,661
97,468
130,083
130,111
130,260
130,492
130,575
130,592
130,710
131,049
131,135
131,276
131,455
131,991
132,035
132,171
132,206
132,803
133,129
133,249
133,289
133,659
134,239
134,294
134,328

134,328

134,294

134,239

133,659

133,289

133,249

133,129

132,803

132,206

132,171

132,035

131,991

131,455

131,276

131,135

131,049

130,710

130,592

130,575

130,492

130,260

130,111

130,083

97,468

97,661

97,468

97,279

97,247

94,324

93,775

93,683

93,678

93,186

92,462

92,453

82,040

68,894

68,888

68,554

68,282

53,329

53,040

52,760

48,979

48,717

48,571

46,989

46,920

46,814

46,811

46,375

46,247

45,271

45,022

44,017

42,993

41,915

41,928

32,435

31,274

23,248

22,332

22,337

22,339

22,352

100

Retained Earnings Total 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
-4,677
-3,657
-3,368
-2,117
161
2,664
4,679
6,590
9,245
11,866
14,857
16,734
19,720
21,488
21,960
21,736
21,874
22,083
16,588
18,048
16,262
-4,296
-20,505
-23,793
-26,254
-27,761
-28,583
-30,068
-31,035
-30,913
-41,761
-40,851
-37,615
-49,466
-50,253
-57,729
-60,406
-61,977
-63,863
-64,635
-59,270
-60,371
-68,436
-68,206
-70,463
-73,835
-73,338
-73,285
-72,882
0
0

-72,882

-73,285

-73,338

-73,835

-70,463

-68,206

-68,436

-60,371

-59,270

-64,635

-63,863

-61,977

-60,406

-57,729

-50,253

-49,466

-37,615

-40,851

-41,761

-30,913

-31,035

-30,068

-28,583

-27,761

-26,254

-23,793

-20,505

-4,296

16,262

18,048

16,588

22,083

21,874

21,736

21,960

21,488

19,720

16,734

14,857

11,866

9,245

6,590

4,679

2,664

161

-2,117

-3,368

-3,657

-4,677

Accumulated Other Comprehensive Income

0
0
-6
-72
-72
-72
-72
-188
-247
-307
-188
-278
2,216
2,458
2,738
2,793
2,591
2,648
2,379
1,649
-323
-137
311
429
544
80
389
708
942
990
39
261
560
182
628
716
367
246
583
389
105
327
-426
-1,023
-5,066
-3,563
-3,911
-5,392
-3,323
-4,304
-2,823
-4,272
-3,929
-2,172
-1,000
-1,000
-1,363
-2,421
-2,657
-3,169
-3,789
-3,525
-4,599
-3,700
-4,208
-3,889
-2,836
-1,708
-2,906
-2,684
-3,450
-4,219
-4,854
-6,608
-8,615
-5,822
-5,149
-5,127
-6,261
-4,169

-4,169

-6,261

-5,127

-5,149

-5,822

-8,615

-6,608

-4,854

-4,219

-3,450

-2,684

-2,906

-1,708

-2,836

-3,889

-4,208

-3,700

-4,599

-3,525

-3,789

-3,169

-2,657

-2,421

-1,363

-1,000

-2,172

-3,929

-4,272

-2,823

-4,304

-3,323

-5,392

-3,911

-3,563

-5,066

-1,023

-426

327

105

389

583

246

367

716

628

182

560

261

990

942

708

389

544

429

311

-137

-323

1,649

2,379

2,648

2,591

2,793

2,738

2,458

2,216

-278

-188

-307

-247

-188

-72

-6

Capital Surplus

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
57
65
1,098
1,111
1,133
1,156
1,098
1,180
1,276
1,375
1,191
1,370
1,557
1,751
1,789
2,530
2,811
3,112
2,630
2,531
2,805
3,036
2,918
2,522
2,618
2,743
2,802
2,458
2,708
2,773
2,674
2,582
2,640
2,766
2,793
2,663
2,780
2,870
3,025
2,740
2,948
3,057
3,264
2,762
3,073
3,674
4,266
4,622
4,621
0
0

4,621

4,622

4,266

3,674

3,073

2,762

3,264

3,057

2,948

2,740

3,025

2,870

2,780

2,663

2,793

2,766

2,640

2,582

2,674

2,773

2,708

2,458

2,802

2,743

2,618

2,522

2,918

3,036

2,805

2,531

2,630

3,112

2,811

2,530

1,789

1,751

1,557

1,370

1,191

1,375

1,276

1,180

1,098

1,156

1,133

1,111

1,098

Treasury Stock

-136,545

-130,300

-137,480

-137,296

-135,186

-128,006

Other Stockholders Equity

0
0
106
172
172
22,411
22,408
188
22,579
22,639
23,436
0
31,274
35,171
44,944
41,987
42,045
43,183
47,632
45,261
1,630
1,843
2,314
51,320
49,241
48,786
49,105
53,369
49,723
2,790
48,836
7,086
50,620
50,294
54,544
814
1,547
1,522
958
10,535
1,475
1,884
1,325
1,766
2,464
3,248
3,201
2,238
2,208
2,501
3,213
2,646
2,593
2,446
-1,363
-1,035
2,380
2,287
3,116
2,505
2,793
3,115
3,167
3,093
2,455
2,891
3,034
3,025
2,740
2,948
3,057
3,264
2,762
3,073
3,674
4,266
4,622
4,621
5,014
5,440

5,440

5,014

4,621

4,622

4,266

3,674

3,073

2,762

3,264

3,057

2,948

2,740

3,025

3,034

2,891

2,455

3,093

3,167

3,115

2,793

2,505

3,116

2,287

2,380

-1,035

-1,363

2,446

2,593

2,646

3,213

2,501

2,208

2,238

3,201

3,248

2,464

1,766

1,325

1,884

1,475

10,535

958

1,522

1,547

814

54,544

50,294

50,620

7,086

48,836

2,790

49,723

53,369

49,105

48,786

49,241

51,320

2,314

1,843

1,630

45,261

47,632

43,183

42,045

41,987

44,944

35,171

31,274

23,436

22,639

22,579

188

22,408

22,411

172

106

Balance Sheet

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31
Accounts Payable	47,644	45,682	44,136	32,429	29,974	36,896	35,386	45,778	62,137	35,191	24,974	25,101	18,421	14,928	9,183	12,083	9,543	14,468	767	938	610	323
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Other Comprehensive Income	-4,169	-5,822	-4,219	-1,708	-3,700	-3,169	-1,035	-4,272	-5,392	-1,023	389	716	261	708	429	1,649	2,793	2,216	-188	-72	-6	0
Additional Paid In Capital	0	0	0	0	0	0	0	0	130,300	128,006	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	10,797	9,558	7,784	8,633	7,341	5,061	5,483	6,004	5,850	2,710	2,984	4,000	4,035	0	0	0	0	0	0	0	0	0
Capital Stock	134,328	133,289	132,206	131,455	130,710	130,260	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Surpluse	0	4,266	3,264	3,025	2,793	2,674	2,802	2,918	2,630	1,789	1,191	1,098	1,098	0	0	0	0	0	0	0	0	0
Cash	9,269	7,973	21,359	17,161	23,360	22,103	5,014	5,110	8,578	4,370	6,091	1,889	71	662	287	425	569	615	2,025	6	0	11
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash And Short Term Investments	9,269	7,973	21,359	17,161	23,360	24,263	5,014	5,110	8,578	4,370	6,091	1,889	71	662	287	425	569	615	2,025	6	196	0
Common Stock	134,328	133,289	132,206	131,455	130,710	130,260	97,661	94,324	93,186	82,040	68,554	53,040	48,571	46,920	46,375	45,022	41,915	31,274	22,332	100	100	0
Common Stock Shares Outstanding	20,224	20,056	19,900	19,773	19,687	18,409	16,548	16,133	15,970	13,904	12,718	11,957	11,548	11,381	10,965	10,375	9,214	5,346	4,340	804	134	804
Common Stock Total Equity	0	133,289	132,206	131,455	130,710	130,260	97,661	94,324	93,186	82,040	68,554	53,040	48,571	0	0	0	0	0	22,332	0	0	0
Current Deferred Revenue	2,384	3,407	7,121	6,110	1,618	2,310	12,004	21,031	22,664	30,006	9,683	33	5,416	4,335	2,145	2,837	4,408	3,195	0	204	-4,733	0
Deferred Long Term Asset Charges	0	0	0	0	415	2,366	1,839	0	0	2,081	2,117	2,259	3,238	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	5,578	1,581	1,920	1,712	934	4,353	4,300	5,813	5,431	5,722	6,297	7,233	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	37,354	36,916	24,949	27,472	32,635	36,298	43,569	70,248	80,089	50,830	22,366	15,283	15,267	14,452	14,452	14,452	14,065	13,305	0	0	0	0
Intangible Assets	12,225	14,367	11,946	15,671	17,032	24,773	31,014	56,809	70,629	51,922	24,036	18,442	20,153	20,403	22,401	21,148	21,352	21,283	4,342	4,476	4,651	332
Inventory	82,337	69,801	64,965	56,055	58,734	58,024	54,360	90,901	119,269	96,367	72,734	61,290	42,307	30,694	27,277	22,066	16,048	17,430	1,162	756	432	431
Liabilities And Stockholders Equity	255,731	236,603	179,775	173,595	195,402	217,249	225,188	317,985	406,658	317,308	182,730	151,504	121,591	105,517	94,685	86,228	80,175	83,844	17,227	11,885	11,346	5,461
Long Term Debt	66,030	63,740	22,806	26,231	19,446	44,822	60,864	73,749	136,896	93,656	39,818	37,005	32,209	30,809	30,367	26,220	23,824	36,109	0	7,175	6,100	10
Long Term Debt Total	0	63,740	22,806	26,231	19,446	49,883	66,347	79,753	142,746	96,366	42,802	41,005	36,244	0	0	0	0	0	0	0	0	0
Long Term Investments	0	0	0	0	0	0	14,931	0	5,752	5,951	0	0	0	0	0	0	0	0	0	0	0	0
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Debt	93,086	87,991	27,632	34,213	43,722	50,908	90,239	135,148	167,290	107,924	48,140	47,249	42,156	33,357	33,224	27,636	24,425	36,365	-2,025	14,129	10,833	0
Net Invested Capital	161,175	144,801	104,022	111,650	139,291	155,532	160,840	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	49,671	45,606	32,554	30,597	36,265	47,822	48,579	49,100	67,030	69,707	40,271	39,226	26,591	20,997	11,018	17,286	16,774	16,517	4,301	3,844	5,665	0
Net Tangible Assets	0	7,112	25,920	25,766	29,883	26,933	-3,738	1,811	-43,706	4,014	38,589	25,808	11,374	0	0	0	0	0	0	0	0	0
Net Working Capital	52,782	41,043	39,673	41,750	55,341	59,039	30,894	54,459	82,664	89,470	74,021	61,426	41,032	31,692	25,578	23,623	19,168	16,793	6,587	-3,321	717	0
Non Current Assets Total	110,158	109,099	58,239	67,324	71,985	85,256	114,866	166,821	203,958	143,806	60,693	46,727	50,382	50,814	54,538	45,543	45,135	47,730	9,604	6,697	5,032	0
Non Current Liabilities Other	4,642	12,863	10,710	12,014	26,618	5,474	4,215	46,772	7,763	1,973	1,199	1,318	1,143	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	83,256	82,181	35,097	40,165	47,776	56,291	75,472	121,718	156,322	103,270	49,723	48,620	44,620	39,232	39,688	34,152	32,593	45,059	20	7,185	6,102	0
Non Currrent Assets Other	0	-108,647	1,143	1,143	281	1,570	1,475	1,978	2,552	4,176	1,031	139	150	51	85	0	0	2,978	71	43	44	0
Noncontrolling Interest In Consolidated Entity	0	9,566	0	0	0	0	0	25,164	23,288	23,240	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	0	452	1,321	1,390	696	2,629	3,314	74,327	19,529	6,257	3,148	2,398	3,388	5,300	5,881	4,065	3,940	3,747	3,307	2,057	277	5,461
Other Current Assets	4,084	3,832	2,436	2,218	4,841	1,639	2,017	4,745	4,872	1,733	1,669	1,206	2,240	2,350	1,565	908	172	1,552	136	582	21	119
Other Current Liab	14,530	12,439	10,742	7,961	9,553	10,620	3,132	2,150	2,113	2,407	1,930	10,084	357	538	97	301	751	787	269	407	4,987	150
Other Liab	0	11,150	5,970	6,812	7,625	6,408	8,568	51,072	68,366	3,241	2,847	3,346	3,551	2,950	3,369	3,746	4,114	4,310	0	0	0	1,500
Other Stockholder Equity	5,440	4,266	3,264	3,025	2,793	2,505	2,767	2,646	2,238	1,766	10,535	814	7,086	53,369	51,320	45,261	41,987	31,274	188	172	106	-196
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	130,300	128,006	0	0	0	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	86,727	79,805	38,685	22,791	21,622	20,249	22,038	37,241	41,985	28,846	11,143	10,297	11,017	10,659	11,804	5,878	5,778	6,417	2,085	165	104	0
Property Plant And Equipment Net	56,976	57,364	20,023	22,791	21,622	20,249	22,038	37,241	41,985	28,846	11,143	10,297	11,017	10,659	11,804	5,878	5,778	6,417	2,085	165	104	0
Property Plant Equipment	0	51,697	16,460	18,723	19,348	20,249	22,038	21,839	41,985	28,846	11,143	10,297	11,017	10,659	11,804	5,878	5,778	6,417	2,085	165	104	193
Retained Earnings	-65,982	-73,338	-68,436	-63,863	-50,253	-41,761	-28,583	-18,572	16,588	21,960	14,857	4,679	-3,368	-6,148	-8,257	-11,896	-14,094	-15,050	-6,162	-3,909	-453	0
Retained Earnings Total Equity	0	-73,338	-68,436	-63,863	-50,253	-41,761	-28,583	-20,505	16,588	21,960	14,857	4,679	-3,368	0	0	0	0	0	0	0	0	0
Short Long Term Debt	25,528	22,666	18,401	16,510	25,535	22,706	29,131	27,408	25,712	14,678	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	102,355	95,964	48,991	51,374	67,082	73,011	95,253	140,258	175,868	112,294	54,231	49,138	42,227	34,019	33,511	28,061	24,994	36,980	0	14,135	10,833	0
Short Term Debt	28,233	24,933	19,864	18,021	26,931	23,128	28,349	27,746	33,122	16,428	11,429	8,133	5,983	3,210	3,144	1,841	1,170	871	0	6,960	4,733	0
Short Term Investments	0	0	0	0	0	2,160	352	773	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	130,300	128,006	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	255,731	236,603	179,775	173,595	195,402	217,249	225,188	317,985	406,658	317,308	182,730	151,504	121,591	105,517	94,685	86,228	80,175	83,844	17,227	11,885	11,346	5,461
Total Current Assets	145,573	127,504	121,536	106,271	123,417	131,993	110,322	151,164	202,700	173,502	122,037	104,777	71,209	54,703	40,147	40,685	35,040	36,114	7,623	5,188	6,314	0
Total Current Liabilities	92,791	86,461	81,863	64,521	68,076	72,954	78,871	96,705	120,036	84,032	48,016	43,351	30,177	23,011	14,569	17,062	15,872	19,321	1,036	8,509	5,597	4,146
Total Liab	176,047	168,642	116,960	104,686	115,852	129,245	154,343	218,423	276,358	187,302	97,739	91,971	74,797	62,243	54,257	51,214	48,465	64,380	1,056	15,694	11,699	5,657
Total Permanent Equity	0	0	0	0	0	0	0	0	130,300	128,006	0	0	0	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	69,617	58,395	62,815	68,909	79,550	88,004	70,845	74,398	107,012	104,766	84,991	59,533	46,794	43,274	40,428	35,014	30,686	18,440	16,171	-3,809	-353	-196
Treasury Stock	0	0	0	0	0	0	0	0	-130,300	-128,006	0	0	0	0	0	0	0	0	0	0	0	0
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	232	0	0	0	0	0	0	0	0	0

	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	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2003-12-31	2002-12-31
Accounts Payable	47,644	50,665	53,016	49,256	45,682	46,967	59,140	46,935	44,136	41,666	43,473	38,846	32,429	29,337	29,667	37,944	29,974	33,176	44,378	44,128	36,896	40,269	46,183	36,455	46,787	48,396	40,847	43,946	45,778	54,160	60,539	65,334	62,137	52,465	57,480	57,879	35,191	27,263	29,066	27,885	24,974	23,142	26,443	26,599	25,101	30,150	27,397	25,232	18,421	16,353	16,817	17,318	14,928	10,965	9,345	8,705	9,183	8,273	6,965	7,762	12,083	13,576	12,919	10,499	9,543	11,330	12,223	14,468	14,468	9,917	463	659	767	1,220	223	938	938	762	610	323
Accumulated Amortization	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	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	0	0	0	0	0	0	0	0	0	0
Accumulated Depreciation	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	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	0	0	0	0	0	0	0	0	0	0
Accumulated Other Comprehensive Income	-4,169	-6,261	-5,127	-5,149	-5,822	-8,615	-6,608	-4,854	-4,219	-3,450	-2,684	-2,906	-1,708	-2,836	-3,889	-4,208	-3,700	-4,599	-3,525	-3,789	-3,169	-2,657	-2,421	-1,363	-1,000	-1,000	-2,172	-3,929	-4,272	-2,823	-4,304	-3,323	-5,392	-3,911	-3,563	-5,066	-1,023	-426	327	105	389	583	246	367	716	628	182	560	261	39	990	942	708	389	80	544	429	311	-137	-323	1,649	2,379	2,648	2,591	2,793	2,738	2,458	2,216	-278	-188	-307	-247	-188	-72	-72	-72	-72	-6	0	0
Additional Paid In Capital	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	136,545	130,300	137,480	137,296	135,186	128,006	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	0	0	0	0	0	0	0	0
Capital Lease Obligations	10,797	11,017	11,657	11,725	9,558	9,479	9,882	7,749	7,784	7,795	8,042	8,224	8,633	6,822	6,935	7,240	7,341	7,657	8,224	8,309	5,061	5,173	5,279	5,382	5,483	5,589	5,682	5,390	6,004	5,606	5,684	5,751	5,850	5,922	1,979	2,237	2,710	2,992	2,353	2,676	2,984	3,328	3,995	3,725	4,000	4,282	4,210	3,866	4,035	4,199	4,360	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
Capital Stock	134,328	134,294	134,239	133,659	133,289	133,249	133,129	132,803	132,206	132,171	132,035	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	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
Capital Surpluse	0	0	4,621	4,622	4,266	3,674	3,073	2,762	3,264	3,057	2,948	2,740	3,025	2,870	2,780	2,663	2,793	2,766	2,640	2,582	2,674	2,773	2,708	2,458	2,802	2,743	2,618	2,522	2,918	3,036	2,805	2,531	2,630	3,112	2,811	2,530	1,789	1,751	1,557	1,370	1,191	1,375	1,276	1,180	1,098	1,156	1,133	1,111	1,098	65	57	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
Cash	9,269	4,673	7,092	9,927	7,973	11,677	16,588	15,524	21,359	17,336	17,170	15,839	17,161	23,331	26,214	22,101	23,360	20,033	17,721	20,889	22,103	20,265	20,630	3,320	5,014	2,968	2,816	2,930	5,110	6,019	9,896	3,929	8,578	4,446	6,308	5,578	4,370	4,934	3,189	1,050	6,091	3,078	3,171	2,120	1,889	3,305	1,728	523	71	773	979	1,441	662	217	1,485	455	287	90	97	128	425	207	998	274	569	1,302	239	615	615	36	566	890	2,025	5,294	7,068	6	6	0	0	11
Cash And Equivalents	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	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	0	0	0	0	0	0	0	0	0	0
Cash And Short Term Investments	9,269	4,673	7,092	9,927	7,973	11,677	16,588	15,524	21,359	17,336	17,170	15,839	17,161	23,331	26,214	22,101	23,360	20,033	25,119	23,859	24,263	25,611	26,883	3,320	5,366	3,320	2,816	2,930	5,110	6,019	9,896	3,929	8,578	4,446	6,308	5,578	4,370	4,934	3,189	1,050	6,091	3,078	3,171	2,120	1,889	3,305	1,728	523	71	773	979	1,441	662	217	1,485	455	287	90	97	128	425	207	998	274	569	1,302	239	615	0	36	566	890	2,025	5,294	7,068	6	6	0	0	0
Common Stock	134,328	134,294	134,239	133,659	133,289	133,249	133,129	132,803	132,206	132,171	132,035	131,991	131,455	131,276	131,135	131,049	130,710	130,592	130,575	130,492	130,260	130,111	130,083	97,468	97,661	97,468	97,279	97,247	94,324	93,775	93,683	93,678	93,186	92,462	92,462	92,453	82,040	68,894	68,894	68,888	68,554	68,282	53,329	53,329	53,040	52,760	48,979	48,717	48,571	46,989	46,989	46,989	46,920	46,814	46,814	46,811	46,375	46,247	45,271	45,271	45,022	44,017	42,993	41,915	41,915	41,928	32,435	31,274	31,274	23,248	22,332	22,332	22,332	22,337	22,339	22,352	100	100	100	0
Common Stock Shares Outstanding	20,307	20,255	20,210	20,122	20,103	20,094	20,059	20,014	19,936	19,917	19,989	19,845	19,818	19,778	19,763	19,734	19,696	19,690	19,734	19,695	19,626	19,694	17,734	16,574	16,596	16,574	16,554	16,559	16,174	16,138	16,126	16,106	16,015	16,015	16,031	15,836	14,029	13,873	13,874	13,841	13,821	12,404	12,337	12,308	12,267	12,149	11,729	11,685	11,683	11,454	11,601	11,582	11,403	11,397	11,393	11,339	11,317	11,107	10,836	10,746	10,737	10,319	10,349	10,256	9,809	9,239	8,637	7,860	7,860	5,105	4,875	4,875	4,875	4,875	4,875	3,000	3,000	804	0	0
Common Stock Total Equity	0	0	134,239	133,659	133,289	133,249	133,129	132,803	132,206	132,171	132,035	131,991	131,455	131,276	131,135	131,049	130,710	130,592	130,575	130,492	130,260	130,111	130,083	97,468	97,661	97,468	97,279	97,247	94,324	93,775	93,683	93,678	93,186	92,462	92,462	92,453	82,040	68,894	68,894	68,888	68,554	68,282	53,329	53,329	53,040	52,760	48,979	48,571	48,571	46,989	46,989	0	0	0	0	0	0	46,247	45,271	45,271	0	0	0	0	0	0	0	0	0	0	0	22,332	22,332	0	0	0	0	0	0	0
Current Deferred Revenue	2,384	2,220	2,653	2,732	3,407	3,435	3,954	4,677	7,121	3,101	3,032	5,518	6,110	5,416	5,121	1,209	1,618	1,393	1,375	2,312	2,310	1,777	2,556	11,941	0	0	12,290	16,721	21,031	21,574	21,617	22,741	22,664	21,625	23,795	23,865	30,006	9,738	9,439	7,321	9,683	7,720	15	7,157	33	6,091	6,799	6,122	5,416	4,658	4,274	4,049	4,335	3,425	2,865	2,484	2,145	2,117	1,929	2,052	2,837	2,892	2,742	3,668	4,408	3,801	3,572	3,195	0	130	0	0	0	50	602	204	204	447	0	0
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	395	415	543	2,099	2,366	2,366	1,839	1,839	1,839	1,839	545	545	545	0	0	0	0	0	11,731	11,253	10,974	2,081	1,936	2,118	2,111	2,117	2,258	2,257	2,258	2,259	1,391	1,390	2,549	3,238	4,332	4,722	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
Deferred Long Term Liab	0	0	4,780	5,188	5,578	4,095	2,963	1,397	1,581	2,024	1,832	1,884	1,920	1,566	1,254	1,239	1,712	1,049	728	820	934	4,663	4,464	4,318	4,353	4,560	4,401	4,596	4,300	5,525	5,386	5,738	5,813	18,832	18,542	18,012	5,431	5,440	5,533	5,629	5,722	6,047	6,142	6,203	6,297	6,948	7,044	7,138	7,233	7,980	8,072	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
Earning 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	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	0	0	0	0	0	0	0	0	0	0
Good Will	37,354	36,674	37,075	37,164	36,916	36,015	36,805	24,629	24,949	26,476	26,889	26,729	27,472	26,699	25,958	25,621	32,635	31,973	36,122	35,808	36,298	42,508	42,654	43,014	43,569	43,014	41,948	70,635	70,248	77,186	80,298	81,572	80,089	82,035	82,012	76,546	50,830	22,213	22,492	22,511	22,366	19,880	15,276	15,259	15,283	15,266	15,245	15,291	15,267	15,302	14,452	14,452	14,452	14,452	14,452	14,452	14,452	14,452	14,452	14,452	14,452	14,177	14,177	14,065	14,065	14,065	13,390	13,305	13,305	24,774	0	0	0	0	0	0	0	0	0	0
Intangible Assets	12,225	12,769	13,696	13,877	14,367	14,511	15,678	11,157	11,946	13,407	14,160	14,633	15,671	15,752	15,807	16,117	17,032	17,204	23,366	23,818	24,773	28,260	29,042	31,247	31,014	31,247	31,094	55,546	56,809	63,645	67,560	70,166	70,629	73,740	75,510	76,060	51,922	21,783	22,697	23,360	24,036	23,242	17,308	17,840	18,442	18,587	19,051	19,689	20,153	20,732	19,552	19,909	20,403	20,890	21,378	21,915	22,401	21,798	20,279	20,679	21,148	20,047	20,494	20,907	21,352	21,765	19,827	21,283	21,283	7,189	4,183	4,264	4,342	4,314	4,365	4,476	4,476	4,562	4,651	332
Inventory	82,337	85,186	83,309	79,051	69,801	77,602	76,295	68,511	64,965	64,452	60,498	58,853	56,055	58,641	59,060	64,360	58,734	67,922	71,525	64,073	58,024	67,480	69,154	63,422	54,360	63,422	63,487	88,196	90,901	106,992	114,977	120,188	119,269	123,546	124,529	120,487	96,367	81,085	79,760	74,895	72,734	75,428	67,290	62,761	61,290	60,506	53,332	47,975	42,307	38,747	38,003	35,518	30,694	28,427	26,610	25,940	27,277	26,035	22,662	22,101	22,066	21,030	19,585	18,134	16,048	17,075	15,804	17,430	17,430	10,032	1,050	1,363	1,162	2,812	1,074	756	756	723	432	431
Liabilities And Stockholders Equity	255,731	247,123	253,391	249,264	236,603	239,542	252,343	181,045	179,775	178,798	181,675	177,775	173,595	181,413	190,143	194,507	195,402	202,749	226,754	228,461	217,249	234,441	244,874	231,857	225,188	231,857	229,815	314,401	317,985	375,347	407,823	424,130	406,658	437,673	445,329	443,617	317,308	191,799	198,715	184,377	182,730	174,284	160,370	156,427	151,504	149,437	143,046	133,810	121,591	117,978	114,874	109,216	105,517	99,649	97,602	96,384	94,685	85,660	77,056	77,859	86,228	86,339	84,744	82,105	80,175	81,625	84,084	83,844	82,820	73,521	16,157	16,669	17,227	18,509	18,051	11,885	11,885	15,140	0	0
Long Term Debt	66,030	69,116	67,567	71,160	63,740	76,981	70,962	22,668	22,806	25,388	25,719	25,711	26,231	20,368	27,944	25,060	19,446	29,176	44,762	44,425	44,822	48,245	48,326	61,930	60,864	63,524	65,448	75,346	73,749	118,130	128,767	133,799	136,896	157,334	158,222	158,468	93,656	39,949	43,647	40,904	39,818	36,516	39,962	38,225	37,005	35,224	36,094	32,909	32,209	33,442	30,168	31,455	30,809	30,713	31,843	30,917	30,367	27,557	22,820	22,793	26,220	24,584	23,648	25,068	23,824	25,303	37,235	38,934	36,109	5,857	0	0	0	0	0	0	7,175	7,058	6,100	10
Long Term Debt Total	0	0	67,567	71,160	63,740	76,981	70,962	22,668	22,806	25,388	25,719	25,711	26,231	20,368	27,944	25,060	19,446	29,176	44,762	44,425	49,883	53,418	53,605	67,312	66,347	69,113	71,130	80,736	79,753	123,736	134,451	139,550	142,746	157,334	160,201	160,705	96,366	42,941	46,000	40,904	42,802	39,844	43,957	41,950	41,005	39,506	40,304	36,775	36,244	37,641	34,528	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
Long Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	14,931	14,844	14,560	0	0	0	5,673	5,713	5,752	5,833	5,872	5,912	5,951	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	0	0	0	0	0	0	0	0
Negative 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	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	0	0	0	0	0	0	0	0	0	0
Net Debt	93,086	94,100	95,989	94,195	87,991	91,269	84,629	35,281	27,632	30,230	29,318	35,091	34,213	37,122	41,619	44,511	43,722	53,038	54,999	55,680	50,908	55,026	57,636	98,122	84,981	92,523	90,319	139,953	135,148	160,723	166,104	179,206	167,290	191,134	190,722	194,797	107,924	49,769	56,639	51,618	48,140	48,167	49,641	49,995	47,249	42,999	47,651	44,771	42,156	42,422	38,720	33,852	33,357	33,528	33,470	34,135	33,224	30,204	25,045	24,927	27,636	25,989	24,449	26,002	24,425	24,902	38,065	36,365	31,680	39,502	-566	-890	-2,025	-5,294	-7,068	14,129	14,129	15,882	0	0
Net Invested Capital	161,175	149,621	152,275	152,244	144,801	147,940	150,466	105,561	104,022	111,178	111,475	109,896	111,650	122,964	130,518	131,147	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	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
Net Receivables	49,671	48,173	49,924	45,203	45,606	39,383	47,494	36,281	32,554	32,023	36,747	34,854	30,597	30,913	29,977	37,545	36,265	38,602	40,478	49,627	47,822	44,820	50,505	47,308	48,579	47,308	46,386	52,180	49,100	73,041	79,258	91,799	67,030	77,809	83,451	89,277	69,707	45,552	53,233	45,643	40,271	34,853	41,937	42,314	39,226	36,200	38,446	33,441	26,591	24,571	24,415	19,974	20,997	17,371	15,048	14,605	11,018	9,473	8,635	9,362	17,286	19,301	17,485	16,938	16,774	16,054	19,346	16,517	16,517	17,518	4,305	4,247	4,301	1,928	2,179	3,844	3,844	8,405	0	0
Net Tangible Assets	0	0	10,080	8,806	7,112	3,947	6,648	26,719	25,920	31,524	31,980	25,828	25,766	26,882	27,855	30,037	29,883	30,116	32,587	28,808	26,933	28,546	27,639	-5,134	-3,738	-3,174	-1,557	1,632	1,811	-51,139	-39,412	-40,804	-43,706	-42,029	-43,938	-40,953	4,014	47,711	45,309	41,226	38,589	38,984	31,512	28,367	25,808	23,355	16,159	13,523	11,374	9,145	11,098	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
Net Working Capital	52,782	53,088	47,711	49,025	41,043	47,844	44,658	41,028	39,673	47,643	47,620	42,098	41,750	39,046	47,316	46,515	55,341	62,906	63,601	59,553	59,039	67,098	65,632	35,012	30,894	35,012	32,446	54,464	54,459	69,513	85,484	88,646	82,664	95,697	97,548	98,938	89,470	84,105	84,392	75,171	74,021	71,512	70,179	64,965	61,426	58,795	52,303	44,526	41,032	39,145	38,892	33,829	31,692	29,621	29,276	27,914	25,578	23,654	21,304	20,806	23,623	23,295	21,802	20,898	19,168	19,668	20,158	16,793	16,793	-18,369	5,378	5,892	6,587	8,796	9,571	-3,321	-3,321	-744	0	0
Non Current Assets Total	110,158	106,140	109,162	111,296	109,099	108,065	109,073	55,891	58,239	61,783	63,826	64,281	67,324	63,725	63,243	63,635	71,985	72,795	86,088	86,409	85,256	94,207	95,655	113,485	114,866	113,485	111,899	165,266	166,821	182,521	195,602	201,045	203,958	225,839	224,790	220,098	143,806	57,048	58,817	59,663	60,693	57,832	45,318	45,984	46,727	45,987	46,550	49,005	50,382	51,824	48,976	49,974	50,814	52,153	52,747	53,520	54,538	48,668	44,390	44,890	45,543	44,312	44,841	45,098	45,135	45,255	46,101	47,730	0	44,368	10,036	9,933	9,604	8,300	7,588	6,697	6,697	5,849	0	0
Non Current Liabilities Other	4,642	5,057	14,060	14,639	12,863	10,954	11,557	10,349	10,710	10,607	4,192	11,594	12,014	11,504	11,741	12,076	26,618	26,183	12,124	12,283	5,474	3,910	3,883	4,120	4,215	3,737	3,723	44,278	46,772	6,776	6,792	7,858	7,763	7,890	6,299	5,133	1,973	1,065	1,178	1,204	1,199	1,347	1,302	1,330	1,318	1,120	1,050	1,115	1,143	169	166	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
Non Current Liabilities Total	83,256	87,554	86,407	90,987	82,181	92,030	85,482	34,414	35,097	38,019	38,417	39,189	40,165	33,438	40,939	38,375	47,776	56,408	57,614	57,528	56,291	61,991	61,952	77,410	74,915	77,410	70,929	120,596	121,718	136,037	146,629	153,146	156,322	184,056	185,042	183,850	103,270	49,446	52,711	47,737	49,723	47,238	51,401	49,483	48,620	47,574	48,398	45,028	44,620	45,790	42,766	39,786	39,232	39,749	40,974	40,143	39,688	35,860	30,532	30,630	34,152	33,142	32,276	33,741	32,593	34,053	46,080	45,059	0	10,262	27	24	20	17	14	7,185	7,185	7,068	0	0
Non Currrent Assets Other	0	-105,688	-108,710	-110,844	452	1,143	1,143	1,168	1,143	1,143	1,143	1,143	1,143	168	498	581	281	1,250	1,302	1,313	1,570	1,234	1,270	1,548	1,475	1,548	1,600	1,990	1,978	1,837	-1,507	-1,132	2,552	5,865	6,070	6,325	4,176	1,019	1,033	975	1,031	1,073	108	121	139	134	146	161	150	114	122	43	51	60	68	77	85	94	3,567	3,483	0	3,736	3,736	3,736	0	2,854	3,293	2,978	2,978	10,455	59	65	71	174	78	43	43	44	0	0
Noncontrolling Interest In Consolidated Entity	0	0	9,615	9,487	9,566	9,406	9,118	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	25,277	25,164	26,305	26,011	25,611	23,288	23,734	23,712	23,533	23,240	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	0	0	0	0	0	0	0	0
Other Assets	0	0	452	0	452	1,476	1,401	1,346	1,321	1,390	1,390	1,390	1,390	583	913	976	696	1,793	3,401	3,679	3,936	3,073	3,109	3,312	92,828	91,198	89,747	143,594	144,981	142,668	154,975	159,270	161,973	179,204	180,717	175,817	112,960	46,951	48,340	48,957	49,550	46,453	35,131	35,731	36,430	35,714	36,192	38,155	39,365	40,480	38,848	39,587	40,155	41,198	41,694	42,240	42,734	40,940	38,880	39,196	39,665	38,675	39,122	39,423	39,357	39,577	40,257	40,634	41,313	36,234	7,760	7,618	7,519	7,159	7,094	6,952	6,532	5,675	4,928	376
Other Current Assets	4,084	2,748	3,694	3,504	3,832	2,815	2,893	4,838	2,436	2,976	3,198	3,712	2,218	4,392	4,950	5,050	4,841	3,178	3,308	4,259	1,639	2,017	2,369	4,322	2,017	4,322	4,454	5,057	4,745	3,823	5,139	4,218	4,872	4,709	4,927	6,853	1,733	1,908	2,444	1,854	1,669	1,927	1,488	2,082	1,206	3,439	2,990	2,866	2,240	2,063	2,501	2,309	2,350	1,481	1,712	1,864	1,565	1,394	1,272	1,378	908	1,489	40	41	172	310	1,099	1,552	1,552	1,005	200	236	136	-1	142	582	582	163	217	119
Other Current Liab	14,530	13,793	14,270	13,052	12,439	14,645	13,022	10,564	10,742	8,844	9,629	8,684	7,961	9,513	10,664	9,633	9,553	9,496	10,056	10,775	10,620	9,217	10,187	2,635	3,132	2,635	2,511	2,733	2,150	4,573	3,032	2,779	2,113	3,801	4,887	3,167	2,407	1,883	3,173	2,573	1,930	2,677	9,560	1,557	10,084	1,616	922	406	357	444	744	208	538	453	257	88	97	211	146	87	301	652	641	734	751	670	961	787	3,982	3,794	280	185	269	-1	67	407	7,367	2	254	150
Other Liab	0	0	9,905	0	11,150	7,670	6,761	5,559	5,970	6,214	6,024	6,607	6,812	7,361	7,238	7,334	7,625	6,320	6,150	6,243	6,408	8,573	8,347	8,438	5,184	4,738	4,837	45,447	47,830	7,863	7,908	9,003	9,051	8,897	7,377	6,305	3,241	2,428	2,636	2,757	2,847	3,090	3,140	3,263	3,346	3,243	3,269	3,428	3,551	2,673	2,765	2,858	2,950	3,084	3,179	3,274	3,369	3,434	3,526	3,651	3,746	3,903	3,973	4,018	4,114	4,110	4,205	4,300	4,310	4,405	0	0	0	0	0	0	0	0	0	1,500
Other Stockholder Equity	5,440	5,014	4,621	4,622	4,266	3,674	3,073	2,762	3,264	3,057	2,948	2,740	3,025	3,034	2,891	2,455	3,093	3,167	3,115	2,793	2,505	3,116	2,287	2,380	-1,035	-1,363	2,446	2,593	2,646	3,213	2,501	2,208	2,238	3,201	3,248	2,464	1,766	1,325	1,884	1,475	10,535	958	1,522	1,547	814	54,544	50,294	50,620	7,086	48,836	2,790	49,723	53,369	49,105	48,786	49,241	51,320	2,314	1,843	1,630	45,261	47,632	43,183	42,045	41,987	44,944	35,171	31,274	0	23,436	22,639	22,579	188	22,408	22,411	172	172	106	0	0
Preferred Stock Redeemable	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	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	0	0	0	0	0	0	0	0	0	0
Preferred Stock Total 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	136,545	130,300	137,480	137,296	135,186	128,006	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	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	86,727	84,627	84,230	84,226	79,805	75,724	0	0	0	0	21,387	21,529	22,791	20,691	20,565	20,921	21,622	21,825	23,199	23,104	20,249	20,366	20,850	22,287	22,038	22,287	22,152	36,550	37,241	39,853	40,627	41,775	41,985	46,635	44,073	44,281	28,846	10,097	10,477	10,706	11,143	11,379	10,187	10,253	10,297	10,273	10,358	10,850	11,017	11,344	10,128	10,387	10,659	10,955	11,053	11,280	11,804	7,728	5,510	5,694	5,878	5,637	5,719	5,675	5,778	5,678	5,844	6,417	6,417	8,134	2,276	2,315	2,085	1,142	494	227	165	174	0	0
Property Plant And Equipment Net	56,976	56,245	57,939	59,803	57,364	56,063	55,189	18,759	20,023	20,510	21,387	21,529	22,791	20,691	20,565	20,921	21,622	21,825	23,199	23,104	20,249	20,366	20,850	22,287	0	0	22,152	36,550	37,241	39,853	40,627	41,775	41,985	46,635	44,073	44,281	28,846	10,097	10,477	10,706	11,143	11,379	10,187	10,253	10,297	10,273	10,358	10,850	11,017	11,344	10,128	10,387	10,659	10,955	11,053	11,280	11,804	7,728	5,510	5,694	5,878	5,637	5,719	5,675	5,778	5,678	5,844	6,417	0	8,134	2,276	2,315	2,085	1,142	494	165	165	174	0	0
Property Plant Equipment	0	0	49,929	51,849	51,697	50,589	49,433	15,235	16,460	17,026	21,387	17,777	18,723	18,531	18,461	18,627	19,348	19,351	20,268	20,193	20,249	20,366	20,850	21,898	22,038	22,287	22,152	21,673	21,839	39,853	40,627	41,775	41,985	46,635	44,073	44,281	28,846	10,097	10,477	10,706	11,143	11,379	10,187	10,253	10,297	10,273	10,358	10,850	11,017	11,344	10,128	10,387	10,659	10,955	11,053	11,280	11,804	7,728	5,510	5,694	5,878	5,637	5,719	5,675	5,778	5,678	5,844	5,987	6,417	8,134	2,276	2,315	2,085	1,142	494	227	165	174	104	193
Retained Earnings	-65,982	-71,182	-72,882	-73,285	-73,338	-73,835	-70,463	-68,206	-68,436	-60,371	-59,270	-64,635	-63,863	-61,977	-60,406	-57,729	-50,253	-49,466	-37,615	-40,851	-41,761	-30,913	-31,035	-27,761	-28,583	-27,761	-24,309	-21,983	-18,572	-4,296	16,262	18,048	16,588	22,083	21,874	21,736	21,960	21,488	19,720	16,734	14,857	11,866	9,245	6,590	4,679	2,664	161	-2,117	-3,368	-3,657	-4,677	-5,706	-6,148	-7,080	-7,737	-7,950	-8,257	-12,099	-11,952	-11,835	-11,896	-12,182	-12,488	-13,405	-14,094	-14,820	-15,738	-15,050	-15,050	-7,511	-6,945	-6,531	-6,162	-5,257	-5,194	-3,909	-3,909	-2,063	0	0
Retained Earnings Total Equity	0	0	-72,882	-73,285	-73,338	-73,835	-70,463	-68,206	-68,436	-60,371	-59,270	-64,635	-63,863	-61,977	-60,406	-57,729	-50,253	-49,466	-37,615	-40,851	-41,761	-30,913	-31,035	-30,068	-28,583	-27,761	-26,254	-23,793	-20,505	-4,296	16,262	18,048	16,588	22,083	21,874	21,736	21,960	21,488	19,720	16,734	14,857	11,866	9,245	6,590	4,679	2,664	161	-2,117	-3,368	-3,657	-4,677	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
Short Long Term Debt	25,528	18,640	23,857	21,237	22,666	16,486	20,373	20,388	18,401	14,383	12,727	16,995	16,510	33,263	32,954	34,312	25,535	21,536	19,734	23,835	2,260	4,822	5,505	7,407	4,551	6,762	102,682	30,148	26,204	43,006	41,549	0	25,712	0	0	0	14,678	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	0	0	0	0	0	0	0	0
Short Long Term Debt Total	102,355	98,773	103,081	104,122	95,964	102,946	101,217	50,805	48,991	47,566	46,488	50,930	51,374	60,453	67,833	66,612	67,082	73,071	72,720	76,569	73,011	75,291	78,266	101,442	89,995	95,491	93,135	142,883	140,258	166,742	176,000	183,135	175,868	195,580	197,030	200,375	112,294	54,703	59,828	52,668	54,231	51,245	52,812	52,115	49,138	46,304	49,379	45,294	42,227	43,195	39,699	35,293	34,019	33,745	34,955	34,590	33,511	30,294	25,142	25,055	28,061	26,196	25,447	26,276	24,994	26,204	38,304	36,980	32,295	39,538	0	0	0	0	0	14,135	14,135	15,882	0	0
Short Term Debt	28,233	21,217	26,579	23,903	24,933	18,586	22,496	21,950	19,864	15,761	14,095	18,348	18,021	34,376	34,132	35,571	26,931	22,983	21,256	25,284	23,128	21,873	24,661	32,329	29,131	31,967	29,822	31,271	27,746	43,006	41,549	43,585	33,122	38,246	36,829	39,670	16,428	11,762	13,828	11,764	11,429	11,401	8,855	10,165	8,133	6,798	9,075	8,519	5,983	5,554	5,171	3,838	3,210	3,032	3,112	3,673	3,144	2,737	2,322	2,262	1,841	1,612	1,799	1,208	1,170	901	1,069	871	871	33,681	0	0	0	144	0	6,960	0	8,824	0	0
Short Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	7,398	2,970	2,160	5,346	6,253	7,841	352	0	773	772	773	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Temporary Equity Redeemable Noncontrolling Interests	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	136,545	130,300	137,480	137,296	135,186	128,006	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	0	0	0	0	0	0	0	0
Total Assets	255,731	247,123	253,391	249,264	236,603	239,542	252,343	181,045	179,775	178,798	181,675	177,775	173,595	181,413	190,143	194,507	195,402	202,749	226,754	228,461	217,249	234,441	244,874	231,857	225,188	231,857	229,815	314,401	317,985	375,347	407,823	424,130	406,658	437,673	445,329	443,617	317,308	191,799	198,715	184,377	182,730	174,284	160,370	156,427	151,504	149,437	143,046	133,810	121,591	117,978	114,874	109,216	105,517	99,649	97,602	96,384	94,685	85,660	77,056	77,859	86,228	86,339	84,744	82,105	80,175	81,625	84,084	83,844	83,844	73,521	16,157	16,669	17,227	18,509	18,051	11,885	11,885	15,140	11,346	5,461
Total Current Assets	145,573	140,983	144,229	137,968	127,504	131,477	143,270	125,154	121,536	117,015	117,849	113,494	106,271	117,688	126,900	130,872	123,417	129,954	140,666	142,052	131,993	140,234	149,219	118,372	110,322	118,372	117,916	149,135	151,164	192,826	212,221	223,085	202,700	211,834	220,539	223,519	173,502	134,751	139,898	124,714	122,037	116,452	115,052	110,443	104,777	103,450	96,496	84,805	71,209	66,154	65,898	59,242	54,703	47,496	44,855	42,864	40,147	36,992	32,666	32,969	40,685	42,027	39,903	37,007	35,040	36,370	37,983	36,114	36,114	29,153	6,121	6,736	7,623	10,209	10,463	5,188	5,188	9,291	0	0
Total Current Liabilities	92,791	87,895	96,518	88,943	86,461	83,633	98,612	84,126	81,863	69,372	70,229	71,396	64,521	78,642	79,584	84,357	68,076	67,048	77,065	82,499	72,954	73,136	83,587	83,360	79,428	83,360	85,470	94,671	96,705	123,313	126,737	134,439	120,036	116,137	122,991	124,581	84,032	50,646	55,506	49,543	48,016	44,940	44,873	45,478	43,351	44,655	44,193	40,279	30,177	27,009	27,006	25,413	23,011	17,875	15,579	14,950	14,569	13,338	11,362	12,163	17,062	18,732	18,101	16,109	15,872	16,702	17,825	19,321	19,321	47,522	743	844	1,036	1,413	892	8,509	8,509	10,035	5,597	4,146
Total Liab	176,047	175,449	182,925	179,930	168,642	175,663	184,094	118,540	116,960	107,391	108,646	110,585	104,686	112,080	120,523	122,732	115,852	123,456	134,679	140,027	129,245	135,127	145,539	160,770	154,343	160,770	156,399	215,267	218,423	259,350	273,366	287,585	276,358	300,193	308,033	308,431	187,302	100,092	108,217	97,280	97,739	92,178	96,274	94,961	91,971	92,229	92,591	85,307	74,797	72,799	69,772	65,199	62,243	57,624	56,553	55,093	54,257	49,198	41,894	42,793	51,214	51,874	50,377	49,850	48,465	50,755	63,905	64,380	64,380	57,784	770	868	1,056	1,430	906	15,694	15,694	17,103	11,699	5,656
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	70,072	0	71,087	73,416	99,134	0	115,997	134,457	136,545	130,300	137,480	137,296	135,186	128,006	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	0	0	0	0	0	0	0	0
Total Stockholder Equity	69,617	61,865	60,851	59,847	58,395	54,473	59,131	62,505	62,815	71,407	73,029	67,190	68,909	69,333	69,620	71,775	79,550	79,293	92,075	88,434	88,004	99,314	99,335	71,087	70,845	71,087	73,416	73,857	74,398	89,692	108,446	110,934	107,012	113,746	113,584	111,653	104,766	91,707	90,498	87,097	84,991	82,106	64,096	61,466	59,533	57,208	50,455	48,503	46,794	45,179	45,102	44,017	43,274	42,025	41,049	41,291	40,428	36,462	35,162	35,066	35,014	34,465	33,343	31,231	30,686	29,846	19,155	18,440	18,440	15,737	15,387	15,801	16,171	17,079	17,145	-3,809	-3,809	-1,963	0	0
Treasury 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	-136,545	-130,300	-137,480	-137,296	-135,186	-128,006	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	0	0	0	0	0	0	0	0
Warrants	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	0	0	0	0	0	0	0	0	0	0	0	0	232	232	1,743	1,743	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

Cash Flow

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31
Begin Period Cash Flow	8,190	21,581	17,401	23,577	22,348	5,366	5,314	5,918	4,368	6,091	1,889	71	662	287	425	569	615	2,025	6	0	7	0
Capital Expenditures	7,165	16,166	1,137	709	1,785	1,217	1,088	1,583	2,602	924	1,215	1,125	622	511	139	630	296	620	1,690	127	2	20
Cash And Cash Equivalents Changes	0	-11,756	6,365	-7,888	1,095	16,982	52	-604	5,573	-777	4,100	1,526	-431	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	-1,032	-4,349	1,018	97	656	2,885	-280	-19,077	83	-1,045	506	546	0	0	0	0	0	0	0	0	0
Change In Cash	1,291	-13,391	4,180	-6,176	1,229	16,982	52	500	4,210	-1,721	4,202	1,818	-591	375	-138	-144	-46	-1,410	2,018	6	0	7
Change In Working Capital	-14,507	-11,045	6,853	14,814	-1,042	-5,087	6,350	-2,992	-878	-14,167	-12,579	-18,548	-14,108	-5,434	1,848	-5,529	-2,316	2,585	-2,757	1,795	-144	0
Change Receivables	0	-9,432	-2,269	6,824	9,282	-296	-11,130	1,607	23,475	-12,857	1,653	-12,494	-5,597	0	0	0	0	0	0	0	0	0
Change To Account Receivables	-5,207	-9,614	-322	6,824	9,282	-296	-11,130	1,119	23,475	-13,172	1,653	-12,494	-6,524	-9,785	7,856	0	0	-12,355	0	1,821	0	2,281
Change To Inventory	-10,867	-3,737	-12,777	4,746	-2,395	-7,277	17,068	2,174	-10,286	-5,849	-8,852	-17,187	-12,484	-3,002	-54	-5,328	3,399	235	-933	-324	0	0
Change To Liabilities	0	2,383	22,261	1,537	-7,430	2,354	-2,328	-5,070	5,311	4,190	-4,335	10,627	4,610	7,674	0	361	0	0	0	480	542	67
Change To Netincome	0	1,465	4,557	6,283	6,831	13,631	4,201	17,457	907	1,164	532	489	1,402	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	-518	5,731	-668	-362	-278	3,031	-978	-4,710	-991	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	11,420	9,415	4,343	4,354	4,702	4,989	5,107	11,241	12,082	4,572	3,945	3,498	3,336	3,139	2,453	2,008	2,108	1,643	449	361	52	0
Dividends Paid	0	0	0	0	0	116,539	1,835	0	0	17,214	21,218	0	0	0	0	0	0	0	0	0	491	1,063
End Period Cash Flow	9,481	8,190	21,581	17,401	23,577	22,348	5,366	6,418	8,578	4,370	6,091	1,889	71	662	287	425	569	615	2,025	6	0	7
Exchange Rate Changes	0	0	0	0	0	-826	107	2,999	-1,363	-944	102	292	-160	0	0	0	0	0	0	0	0	0
Free Cash Flow	-4,940	-21,234	6,319	11,327	1,452	-214	7,989	-4,587	6,433	-2,425	861	-7,609	-6,029	-414	2,104	-2,191	844	-175	-6,033	-2,120	-547	2,292
Investments	-6,721	-52,627	-1,137	844	7,614	7,000	11,735	18,443	7,000	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	31,942	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	42,147	-2,609	-18,237	-4,085	-15,236	-21,464	-214	13,303	11,706	4,117	5,487	5,810	0	0	0	0	0	0	0	0	0
Net Income	7,857	-4,298	-4,573	-13,610	-8,492	-13,177	-7,804	-35,734	-5,324	6,967	10,178	8,077	2,780	2,109	3,639	2,198	956	-8,889	-2,253	-3,454	-453	49
Other Cashflows From Financing Activities	10,431	63,389	4,150	16,352	447	233,028	3,620	41,639	35,458	33,931	42,522	14,166	26,427	5,286	3,467	2,865	-12,999	-9,091	-7,006	2,227	6,448	-2,050
Other Cashflows From Investing Activities	0	-36,538	-247	1,553	-7	-13	12,758	19,600	-7,033	-24,998	-12,861	-133	-1,308	0	0	0	1,131	0	0	0	0	0
Other Non Cash Items	-638	-2,833	-117	5,113	5,136	14,492	6,086	22,120	3,688	312	119	-101	1,392	112	-19	352	392	6,538	218	1,075	0	2,243
Sale Purchase Of Stock	-58	-260	-56	-61	-34	-124	-168	-80	-75	-114	-70	3,781	1,096	-20	-6	-7	0	0	-2,193	0	0	0
Stock Based Compensation	2,272	2,345	1,056	1,038	603	639	798	1,129	1,481	1,104	664	226	104	78	-3,729	-129	0	0	0	0	0	0
Total Cash From Financing Activities	3,587	45,939	46	-20,768	-7,971	11,014	-20,867	-16,754	5,940	26,646	16,100	9,268	6,894	614	-2,021	2,858	-2,124	2,047	8,051	2,227	6,548	-2,050
Total Cash From Operating Activities	2,225	-5,068	7,456	12,036	3,237	1,003	9,077	-3,004	9,035	-1,501	2,076	-6,484	-5,407	97	2,243	-1,561	1,140	445	-4,343	-1,993	-545	2,292
Total Cashflows From Investing Activities	0	-52,627	-1,137	844	5,829	5,791	11,735	18,443	-9,402	-25,922	-14,076	-1,258	-1,918	0	0	0	851	0	0	0	0	0

	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	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2003-12-31	2002-12-31
Begin Period Cash Flow	4,876	7,302	10,135	8,190	11,865	16,795	15,745	21,581	17,564	17,406	16,075	17,401	23,562	31,353	22,320	23,577	20,252	17,957	21,123	22,348	20,571	20,938	2,502	3,589	3,320	3,589	3,702	6,418	6,019	9,896	3,929	8,578	4,446	6,308	5,578	4,370	4,934	3,189	1,050	6,091	3,078	3,171	2,120	1,889	3,305	1,728	523	71	773	979	1,441	662	217	1,485	455	287	90	97	128	425	207	998	274	637	1,302	239	420	36	36	566	890	2,025	5,294	7,067	1,679	6	0	0	0	0
Capital Expenditures	2,466	1,142	938	2,619	2,440	3,855	9,271	600	420	156	404	157	90	78	135	406	256	238	502	789	630	126	349	336	263	336	165	324	131	384	941	389	435	599	1,036	532	220	258	320	126	190	221	382	422	456	339	109	221	176	46	380	112	83	264	151	13	16	84	9	30	244	105	212	69	274	3	19	72	72	236	20	292	642	675	291	8	8	119	15	20
Cash And Cash Equivalents Changes	0	0	-2,851	1,327	-5,853	-3,441	2,768	-5,230	4,764	753	1,208	-360	-7,065	-8,624	8,845	-1,044	2,590	2,896	-3,166	-1,225	1,777	-367	18,436	-2,864	4,244	-272	-141	-1,335	1,955	-3,877	6,251	-4,933	4,673	-1,874	448	2,326	-26	2,102	2,121	-4,974	2,997	-245	935	413	-1,572	1,383	1,377	338	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
Cash Flows Other Operating	0	0	-5	216	291	-1,037	1,256	-1,542	509	156	-3,441	-1,573	594	782	92	-450	1,033	265	1,162	-2,363	298	356	484	-482	3,110	653	-174	278	-1,234	1,140	-833	647	-16,133	317	-3	-3,258	350	510	-640	-137	-1,772	430	1,089	-792	1,373	-349	-56	-462	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
Change In Cash	4,605	-2,426	-2,833	1,945	-3,675	-4,930	1,050	-5,836	4,017	158	1,331	-1,326	-6,161	-7,791	9,033	-1,257	3,325	2,295	-3,166	-1,225	1,777	-367	18,436	-269	2,046	-269	-113	-2,716	399	-3,877	5,967	-4,649	4,132	-1,862	730	1,208	-564	1,745	2,139	-5,041	3,013	-93	1,051	231	-1,416	1,577	1,205	452	-702	-206	-462	779	445	-1,268	1,030	168	197	-7	-31	-297	218	-791	724	-363	-733	1,063	-181	579	579	-530	-324	-1,135	-3,269	-1,773	5,388	6	0	0	0	0
Change In Working Capital	-2,064	-2,663	-4,702	-5,078	165	-3,558	-51	-7,601	5,528	-1,328	4,734	-2,081	5,977	-143	10,553	-1,573	8,960	-7,318	832	-3,516	4,098	-176	-3,114	3,835	-4,118	2,566	30	-6,143	18,215	-7,585	10,112	-23,734	16,997	-1,301	2,900	-19,474	-1,501	3,196	-8,760	-7,102	-816	-2,748	-3,417	-5,598	-3,722	-2,010	-7,620	-5,196	-3,382	-2,044	-6,917	-1,765	-1,608	-1,232	-211	-2,383	-147	247	-87	1,835	10	-2,468	-544	-2,527	-431	1,526	-89	377	35,162	2,850	-27	-615	-2,234	-1,657	717	5,274	5,274	0	0	0
Change Receivables	0	0	-4,440	600	-5,737	8,501	-8,304	-3,892	-703	4,712	-1,853	-4,425	979	102	7,730	-1,987	1,397	1,165	9,200	-2,480	-3,291	5,687	1,100	-3,792	1,927	-1,016	-7,842	-2,450	13,229	56	11,430	-23,108	7,490	5,248	9,239	1,498	-6,659	7,185	-7,797	-5,586	7,564	-9,214	6,623	-3,320	-2,863	2,502	-5,509	-6,624	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
Change To Account Receivables	-1,857	1,177	-5,091	564	-4,788	6,654	-6,687	-4,793	1,228	4,818	-3,082	-3,286	979	102	7,730	-1,987	1,397	1,165	9,200	-2,480	-3,291	5,687	1,100	-1,016	-729	-1,016	-6,620	-2,765	12,741	56	11,430	-23,108	7,490	5,248	9,239	1,498	-6,653	6,971	-7,851	-5,639	-4,258	9,214	17	-3,320	-3,170	2,566	-5,421	-6,469	-2,848	-703	-4,382	1,409	-3,576	-2,061	-674	-3,474	-1,195	159	1,065	7,827	0	0	0	-344	0	0	0	-13,057	2,370	1,981	8	1,170	0	199	1,663	459	1,821	0	0	2,281
Change To Inventory	4,851	-2,748	-4,238	-8,732	10,870	-3,315	-7,534	-3,758	-3,856	-4,619	-335	-3,967	4,004	1,339	6,686	-7,283	9,840	1,982	-7,448	-6,769	7,048	1,383	-6,610	9,670	7,745	9,670	-3,394	3,047	6,584	-5,272	3,757	-2,895	-3,177	-352	-3,502	-3,255	4,000	-2,891	-4,211	-2,747	4,175	-6,137	-4,957	-1,933	670	-6,570	-5,993	-5,294	-3,571	-1,951	-2,451	-4,511	-2,060	-1,535	-1,025	1,618	849	-508	-141	-254	215	-1,709	-1,533	-2,301	1,491	435	2,803	-1,070	-1,070	1,193	313	-201	-595	-21	-304	-33	-33	0	0	0
Change To Liabilities	0	0	4,058	2,832	-5,027	-8,496	14,667	1,239	9,648	-1,642	4,438	7,944	-177	-2,354	-4,028	8,096	-3,156	-10,542	-1,901	8,169	348	-7,650	1,964	7,692	-313	-5,317	7,753	-3,672	1,183	-3,515	-4,242	1,504	29,118	-6,514	-2,834	-14,459	542	-1,608	4,031	1,368	-1,534	-4,302	1,054	447	-2,902	2,407	3,938	7,184	4,775	1,697	1,184	1,562	7,674	2,840	922	0	0	0	0	0	361	2,706	1,809	279	0	0	0	0	0	0	0	0	0	19	0	0	480	345	542	67
Change To Netincome	0	0	309	410	2,227	1,384	-1,796	-350	4,607	404	-4,943	437	474	-725	-610	7,144	517	10,388	-3,673	-401	9,411	1,550	2,487	183	247	-59	3,705	568	3,008	16,540	-476	-1,615	-282	352	218	619	207	280	264	413	372	-2	-159	321	-1,587	12	1,246	818	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
Change To Operating Activities	0	0	0	0	-2,266	3,393	880	-2,525	4,807	-429	3,713	-2,360	-935	-935	948	-833	1,459	-175	481	-2,127	2,028	-938	245	-1,613	3,031	28	28	146	-978	585	-938	0	-4,710	0	0	0	-991	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	0	0	0	0	0	0	0	0
Depreciation	2,762	2,737	2,869	3,052	2,884	2,614	2,773	1,144	1,004	1,086	1,123	1,130	1,164	1,054	1,054	1,082	1,110	1,192	1,217	1,183	1,200	1,238	1,258	1,220	1,199	1,220	49	2,639	2,355	2,643	3,133	3,110	2,776	3,320	3,086	2,900	1,238	1,108	1,115	1,111	1,205	967	909	864	826	882	920	870	818	914	801	803	795	781	783	780	673	658	563	559	549	491	485	483	501	498	538	1,201	1,201	150	146	146	128	117	105	102	102	0	0	0
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	12,962	0	0	0	0	0	0	3,328	0	0	0	0	0	0	0	0	13,489	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	0	0	0	0	0	0	491	1,063
End Period Cash Flow	9,481	4,876	7,302	10,135	8,190	11,865	16,795	15,745	21,581	17,564	17,406	16,075	17,401	23,562	31,353	22,320	23,577	20,252	17,957	21,123	22,348	20,571	20,938	3,320	5,366	3,320	3,589	3,702	6,418	6,019	9,896	3,929	8,578	4,446	6,308	5,578	4,370	4,934	3,189	1,050	6,091	3,078	3,171	2,120	1,889	3,305	1,728	523	71	773	979	1,441	662	217	1,485	455	287	90	97	128	425	207	998	274	569	1,302	239	615	615	36	566	890	2,025	5,294	7,067	6	6	0	0	0
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-40	-241	-140	-112	-513	-61	-64	-18	93	37	1,298	1,377	40	284	-539	12	282	-1,118	-538	-357	18	-67	16	152	116	-182	156	194	-172	114	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
Free Cash Flow	-413	1,536	-1,901	-4,162	3,745	-7,272	-10,215	-7,492	2,778	-1,104	5,957	-1,312	5,331	-1,252	8,257	-1,009	9,906	-7,512	1,444	-2,386	3,155	2,665	-436	3,587	9,316	3,587	2,272	-7,186	11,519	-8,709	12,368	-20,949	14,074	2,336	5,936	-15,913	23	6,094	-4,715	-3,827	3,004	727	54	-2,924	-2,925	1,049	-3,255	-2,478	-1,109	489	-4,948	-461	214	-20	639	-1,247	-176	-441	267	2,454	756	-1,702	544	-1,789	508	2,757	736	-1,414	-1,414	2,698	-324	-1,135	-3,434	-1,640	-164	1,870	1,870	0	0	2,273
Investments	-1,638	-1,072	-828	-2,377	-2,444	-3,719	-45,864	-600	-420	-156	-404	-157	-147	1,532	-135	-406	-256	7,614	-502	-789	7,614	0	0	7,000	0	7,000	7,000	0	0	-2,450	-2,450	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital 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	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	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	0	-3,924	6,928	-12,779	6,224	48,469	233	-2,020	-504	-4,749	287	-9,958	-9,359	2,303	-1,223	-3,432	-392	-482	221	-669	-507	-13,056	-1,004	-9,200	-4,845	-12,877	1,294	7,327	-1,623	-2,708	-3,210	-12,203	-3,758	-4,778	34,042	11,056	-2,695	5,272	-1,927	1,015	-1,104	869	3,337	1,639	-3,502	4,537	2,813	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
Net Income	5,457	1,894	532	-26	659	-3,084	-2,103	230	-8,065	-1,101	5,365	-772	-1,886	-1,571	-2,677	-7,476	-787	-11,851	3,236	910	-10,847	122	-967	-1,519	-822	-1,507	-2,166	-3,297	-15,416	-20,264	-1,387	1,333	-5,942	232	316	70	336	1,768	2,986	1,877	2,991	2,621	2,655	1,911	2,014	2,504	2,308	1,251	289	1,020	1,029	442	932	657	213	307	3,842	-147	-117	61	286	306	917	689	726	918	-757	-7,539	-7,539	-566	-414	-370	-904	-64	-474	-1,844	-1,844	0	417	49
Other Cashflows From Financing Activities	6,546	-2,050	-359	7,678	-6,610	4,157	62,773	3,069	3,402	3,714	-713	1,461	7,852	1,532	1,299	7,201	-141	4,864	-1,267	1,681	-6,059	40,562	59,324	2,121	-263	-321	-4,659	6,606	22,997	4,318	-4,676	19,000	-10,218	-1,242	-1,540	40,724	26,487	-3,411	8,005	1,457	1,541	25,871	1,940	3,857	2,098	2,884	7,923	5,041	8,090	11,336	4,478	2,523	894	168	1,475	2,749	4,197	1,183	2,455	894	420	855	225	1,358	-2,052	-12,145	-924	-6,945	-840	-1,230	-20	-292	-2,193	-806	533	-1,864	-1,864	0	0	0
Other Cashflows From Investing Activities	0	0	220	81	-17	136	-36,593	-64	-196	-51	0	0	-57	1,610	-57	-57	7,614	7,614	0	-7	9	-4	6	-24	30	-9	12,844	-77	3,154	11,659	151	4,636	6,664	45	5,238	-18,980	-24,998	0	0	0	0	-12,873	12	0	-287	56	95	3	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,131	1,131	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	-877	43	55	141	519	-1,249	-1,352	-751	4,820	-80	-5,094	237	-694	-795	-698	7,300	470	8,724	-3,713	-345	10,630	1,220	2,116	68	590	1,579	4,674	-453	4,628	16,440	1,422	-1,538	2,344	496	217	631	335	22	61	-106	83	-54	153	-63	-124	-12	66	-31	1,161	157	50	24	88	27	5	36	887	-884	-26	4	99	74	-102	76	-14	-32	1,044	6,517	6,517	500	-9	-4	218	639	-1	-1,654	-1,654	0	0	0
Sale Purchase Of Stock	0	-9	-9	-40	-3	-29	-91	-137	-8	0	0	-48	-47	-1	0	-13	-9	-6	0	-19	-17	-23	0	-40	-40	2,426	2,426	-128	-25	-12	-1	-42	-72	0	-3	-108	-108	0	-6	0	-78	13,935	0	0	1	3,780	0	0	12	0	0	-12	-2	0	-1	-17	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock Based Compensation	461	457	588	766	635	750	728	232	240	239	278	299	381	233	202	222	156	147	141	159	109	139	268	160	0	0	128	229	229	335	280	285	314	301	293	573	198	194	199	513	80	117	96	371	22	23	22	159	9	8	8	79	-10	10	0	58	-3,804	23	27	25	6	0	0	70	0	-265	0	0	0	0	0	183	0	0	1	0	0	0	0	0
Total Cash From Financing Activities	2,515	-3,115	-1,060	5,247	-9,594	3,695	49,576	2,262	1,986	1,857	-4,749	952	-12,339	-8,982	588	-35	-7,316	2,513	-4,570	1,402	-1,237	-2,920	19,379	-3,856	-7,279	-3,856	-14,161	4,429	-13,235	-8,252	-6,628	11,361	-16,094	-4,286	-10,899	37,219	24,949	-3,992	6,836	-1,147	-7	11,901	869	3,337	1,640	278	4,537	2,813	348	1,060	4,358	1,128	123	-1,381	593	1,279	208	698	-179	-2,748	420	855	225	1,358	-1,302	-2,842	-924	3,277	3,277	-1,230	0	-4	-4	-2	-447	-1,864	-1,864	4,091	6,770	0
Total Cash From Operating Activities	2,053	2,678	-963	-1,543	6,185	-3,417	-944	-6,892	3,198	-948	6,361	-1,155	5,421	-1,174	8,392	-603	10,162	-7,274	1,946	-1,597	3,785	2,791	-87	3,923	9,579	3,923	2,437	-6,862	11,388	-8,325	13,309	-20,560	14,509	2,935	6,972	-15,381	243	6,352	-4,395	-3,701	3,194	948	436	-2,502	-2,469	1,388	-3,146	-2,257	-933	443	-4,568	-349	297	244	790	-1,234	-160	-357	276	2,484	1,000	-1,597	756	-1,720	782	2,760	736	-1,342	-1,342	2,934	-304	-843	-2,792	-965	127	1,878	1,878	0	0	2,293
Total Cashflows From Investing Activities	0	0	-828	-2,377	-2,444	-3,719	-45,864	-600	-420	-156	-404	-157	-147	1,532	-135	-406	-256	7,376	-502	-789	-631	-126	-343	6,891	-249	-321	12,638	-330	3,608	11,323	-754	4,266	6,258	-523	4,375	-19,512	-25,218	-258	-320	-126	-190	-13,094	-370	-422	-743	-283	-14	-218	-1,918	-1,749	-357	0	0	0	52	196	0	0	0	0	0	0	0	0	851	1,125	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Income Statement

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31
Cost Of Revenue	229,037	223,835	178,603	136,632	184,320	198,060	176,266	240,375	317,231	215,817	198,596	164,785	113,041	72,541	44,730	88,876	87,027	41,646	7,405	6,460	702	2,281
Depreciation And Amortization	11,420	9,415	-54	-406	4,702	4,989	5,107	11,241	12,082	4,572	3,945	3,498	3,336	3,139	2,453	2,008	2,108	1,643	449	361	52	0
Discontinued Operations	0	0	0	-891	-891	-891	-737	-14,478	-1,340	-294	0	0	0	0	0	0	0	0	0	0	0	0
Ebit	15,775	-4,618	-2,344	-1,104	-2,326	306	-5,005	-818	8,444	13,900	17,488	14,465	7,853	5,713	3,599	4,121	6,985	-2,323	-3,428	-3,889	-453	284
Ebitda	27,195	4,797	-2,398	-1,510	2,376	5,295	102	10,423	20,526	18,472	21,433	17,963	11,189	8,852	6,052	6,129	9,093	-680	-2,979	-3,528	-401	284
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	0	-837	-14,478	-63	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	62,352	50,019	32,936	30,866	40,456	44,047	36,846	48,584	69,506	48,264	46,476	40,464	29,250	23,334	11,157	17,465	19,919	4,122	236	1,469	265	3,982
Income Before Tax	5,462	-2,184	-3,356	-12,045	-5,729	-12,257	-7,545	-16,568	-4,510	10,643	14,447	11,898	4,213	3,135	1,542	1,392	2,289	-10,215	-3,336	-5,224	-685	49
Income Tax Expense	-2,395	2,114	1,217	674	2,763	511	-118	-545	-725	3,676	4,269	3,821	1,433	1,026	-2,097	-407	163	-1,326	-1,084	-1,770	-232	0
Interest Expense	7,774	4,637	2,084	3,595	4,603	5,508	6,498	14,635	12,984	3,150	2,946	2,457	2,540	2,450	1,864	1,961	3,438	1,969	54	1,335	232	0
Interest Income	140	2	43	97	229	168	7,647	8,944	12,135	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	-404	603	0	0	0	0	-274	-574	48	-136	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	7,356	-4,298	-4,573	-12,719	-8,492	-13,177	-8,078	-35,160	-5,372	7,103	20,356	8,077	2,780	2,109	3,639	3,997	956	-8,889	-2,253	-3,454	-453	49
Net Income Applicable To Common Shares	0	-4,901	-4,573	-13,610	-8,492	-13,177	-8,078	-37,093	-5,372	7,103	10,178	8,077	2,780	2,109	3,639	1,799	2,126	0	0	0	417	49
Net Income From Continuing Ops	3,059	-4,298	-4,573	-12,719	-5,729	-12,257	-7,545	-23,189	-3,984	6,967	10,178	11,898	2,780	0	0	0	0	0	0	0	0	0
Net Interest Income	-7,173	-4,635	-2,041	-3,498	-4,374	-5,340	-6,498	-14,635	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Operating Income Net Other	0	-1,924	3,150	-624	4,859	-6,923	-422	-7,391	-146	-143	-145	-104	152	0	0	0	0	0	0	0	0	0
Non Recurring	0	2,236	0	0	0	0	0	0	0	0	0	0	69	0	0	0	0	0	0	0	0	0
Operating Income	15,842	-4,618	-2,344	-1,104	-2,326	-235	-265	-1,715	8,421	13,936	17,538	14,459	6,601	5,537	3,344	3,408	6,353	-8,270	-3,433	-3,889	-453	284
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	275,547	267,241	213,883	168,602	222,649	236,606	213,377	290,674	378,316	250,145	227,534	190,790	134,438	90,162	52,288	102,604	100,593	54,038	11,074	11,818	1,420	5,979
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	11,542	9,415	4,343	4,354	4,702	4,989	5,107	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Research Development	3,388	2,989	3,332	3,227	2,714	2,839	2,564	4,877	5,829	2,552	2,912	2,457	1,571	1,173	836	819	808	209	456	1,572	394	1,843
Selling And Marketing Expenses	0	0	0	0	0	35,707	34,547	45,422	55,256	31,776	26,026	23,548	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	42,442	40,417	31,948	28,743	35,615	35,707	34,547	36,972	55,256	31,776	26,026	23,548	19,826	16,448	10,537	12,909	12,758	6,251	3,212	5,358	3,575	3,698
Tax Provision	2,506	2,114	1,217	674	2,763	511	-118	-545	-1,908	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Operating Expenses	46,510	43,406	35,280	31,970	38,329	38,546	37,111	50,299	61,085	34,328	28,938	26,005	21,397	17,621	7,558	13,728	13,566	12,392	3,669	5,358	718	3,698
Total Other Income Expense Net	-2,817	2,434	-1,012	-10,941	-3,403	-12,418	-782	-218	53	-143	-145	-104	-1,100	-128	-193	-384	-632	-5,947	-5	-1,335	-232	-235
Total Revenue	291,389	273,854	211,539	167,498	224,776	242,107	213,112	288,959	386,737	264,081	245,072	205,249	142,291	95,875	55,887	106,341	106,946	45,768	7,641	7,929	967	6,263

	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	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2002-12-31
Cost Of Revenue	62,231	54,746	58,599	53,461	63,637	52,693	57,210	50,295	48,736	42,899	48,605	38,363	36,755	29,807	31,584	38,486	44,866	43,848	50,134	45,472	52,078	48,944	51,463	46,591	54,301	46,591	42,163	56,059	54,967	62,476	79,432	83,916	78,292	78,363	86,052	85,569	54,308	55,282	55,255	50,972	52,652	46,320	50,294	49,330	46,202	42,570	41,740	34,273	29,072	29,118	29,588	25,263	21,884	19,004	14,895	16,758	11,490	12,855	9,371	11,014	23,249	24,343	22,009	19,275	22,362	21,594	24,137	19,347	19,347	18,355	1,717	2,227	2,270	2,796	984	1,446	1,446	1,671	1,461	1,662	4,088	2,196
Depreciation And Amortization	2,762	337	2,869	3,052	2,884	2,614	2,773	1,144	1,004	1,086	1,123	1,130	1,164	1,054	1,054	1,082	1,110	1,192	1,217	1,183	1,200	1,238	1,258	1,220	1,199	1,220	49	2,639	2,355	2,643	3,133	3,110	2,776	3,320	3,086	2,900	1,238	1,108	1,115	1,111	1,205	967	909	864	826	882	920	870	818	914	801	803	795	781	783	780	673	658	563	559	549	491	485	483	501	498	538	1,201	1,201	150	146	146	128	117	105	102	102	0	-	-	0	0
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	-44	-59	-124	-276	-432	-432	-432	-432	0	0	0	0	0	-192	15	-811	251	197	-14,675	-2,440	0	-1,340	0	0	0	-294	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	0	0	0	0	0	0	0	0	0	0
Ebit	5,099	5,179	3,353	-1,245	1,351	-1,607	941	916	-5,984	-256	2,578	260	-1,222	-926	-2,110	502	-261	-548	-956	1,814	-1,817	3,068	2,736	-230	765	972	169	-1,279	-5,360	-959	2,534	5,539	-3,757	3,623	1,569	2,132	1,767	2,374	5,053	3,598	3,756	4,675	3,690	3,253	2,454	4,467	3,276	2,520	2,076	2,254	2,265	1,258	2,073	1,513	1,031	1,096	3,702	-711	53	614	955	1,418	1,155	593	1,578	2,038	2,482	-7,300	-7,300	250	-652	-568	-1,369	-135	-749	-2,590	-2,788	-812	0	0	0	0
Ebitda	7,861	5,516	6,222	1,807	4,235	1,007	3,714	2,060	-4,980	830	3,701	1,390	-58	128	-1,056	1,584	849	644	261	2,997	-617	4,306	3,994	990	1,964	2,192	218	1,360	-3,005	1,684	5,667	8,649	-981	6,943	4,655	5,032	3,005	3,482	6,168	4,709	4,961	5,642	4,599	4,117	3,280	5,349	4,196	3,390	2,894	3,168	3,066	2,061	2,868	2,294	1,814	1,876	4,375	-53	616	1,173	1,504	1,909	1,640	1,076	2,079	2,536	3,020	-6,099	-6,099	400	-506	-422	-1,241	-18	-644	-2,488	-2,686	-433	-	-	0	0
Effect Of Accounting Charges	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	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	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-432	0	0	0	-399	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	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
Gross Profit	16,422	16,585	14,935	14,410	15,183	12,344	12,367	10,125	4,655	8,036	11,440	8,805	8,429	6,659	5,531	10,247	9,580	8,093	10,835	11,948	8,512	11,994	12,441	9,873	10,177	9,873	9,429	11,793	10,012	11,655	16,845	18,445	15,199	18,308	19,552	20,313	12,601	10,915	13,144	11,604	12,779	11,201	12,260	10,236	10,322	10,810	10,756	8,576	7,489	7,824	7,478	6,459	7,660	5,855	4,607	5,212	3,444	2,208	2,477	3,028	4,543	4,199	4,451	4,272	4,895	5,006	5,814	1,850	1,850	2,303	-42	10	-352	726	158	-34	-34	501	0	0	4,299	4,067
Income Before Tax	2,100	2,636	739	-13	2,203	-2,878	-1,871	362	-7,691	-867	5,682	-480	-962	-1,385	-3,058	-6,640	-512	-9,893	3,616	1,060	-10,876	457	-461	-1,525	-1,240	-1,525	-1,388	-3,207	-7,968	-3,729	-2,472	1,889	-5,124	341	490	143	729	2,709	4,423	2,782	4,173	3,818	3,859	2,597	2,647	3,817	3,539	1,895	360	1,566	1,611	676	1,377	980	313	465	2,098	-359	-268	71	221	335	803	33	702	805	694	-8,248	-8,248	-777	-640	-549	-1,336	-80	-691	-2,788	-2,788	-812	0	0	185	49
Income Tax Expense	-3,357	742	207	13	1,544	206	232	132	374	234	317	292	865	62	-657	404	275	1,958	380	150	-29	335	506	281	-534	281	-23	90	212	-3,813	-1,125	517	-901	69	134	34	393	941	1,437	905	1,182	1,197	1,204	686	633	1,313	1,231	644	71	546	582	234	445	323	100	158	-1,744	-212	-151	10	-40	29	82	-478	16	-67	195	-709	-709	-211	-226	-179	-433	-17	-218	-944	-944	-275	0	0	0	0
Interest Expense	2,116	1,997	1,896	1,765	1,656	1,409	1,068	505	511	490	558	525	762	825	924	1,084	1,235	1,142	1,095	1,131	1,158	1,294	1,503	1,716	2,000	1,716	1,301	1,845	4,839	2,667	5,066	3,113	3,589	3,187	3,899	2,934	958	671	716	805	765	837	751	593	612	578	620	647	616	653	655	616	620	601	617	612	556	539	366	403	1,961	467	450	542	3,438	891	981	1,930	936	1,033	0	0	1,335	1	1	53	198	415	377	345	426	235
Interest Income	70	141	0	0	1	0	1	2	36	1	2	4	17	6	14	60	68	41	51	662	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	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	-258	-194	128	-79	161	288	154	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-25,277	75,831	-75,831	114	-1,140	294	399	-127	-447	23	178	294	-136	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	0	0	0	0	0	0	0	0	0	0
Net Income	5,199	1,700	404	-26	498	-3,084	-2,103	230	-8,065	-1,101	5,365	-772	-1,886	-1,571	-2,677	-7,476	-787	-11,851	3,236	910	-10,847	122	-967	-1,507	-822	-1,507	-2,326	-3,411	-14,277	-20,558	-1,786	1,460	-5,495	209	138	-224	472	1,768	2,986	1,877	5,982	2,621	2,655	1,911	2,014	2,504	2,308	1,251	289	1,020	1,029	442	932	657	213	307	3,842	-147	-117	61	2,085	306	917	689	726	918	341	-7,539	-7,539	-566	-414	-370	-904	-63	-473	-1,844	-1,844	-537	0	0	417	49
Net Income Applicable To Common Shares	0	0	404	53	498	-3,372	-2,257	230	-8,065	-1,101	5,365	-772	-1,886	-1,571	-2,677	-7,476	-787	-11,851	3,236	910	-10,847	122	-967	-1,485	-822	-1,507	-2,461	-3,288	-16,209	-20,558	-1,786	1,460	-5,495	209	138	-224	472	1,768	2,986	1,877	2,991	2,621	2,655	1,911	2,014	2,504	2,308	1,251	289	1,020	1,029	442	932	657	213	307	3,842	0	-61	61	261	306	721	511	686	872	499	69	0	0	0	0	0	0	0	0	0	0	0	0	417	49
Net Income From Continuing Ops	5,457	1,894	532	-26	659	-3,084	-2,103	230	-8,065	-1,101	5,365	-772	-1,827	-1,447	-2,401	-7,044	1,976	-11,851	3,236	910	-10,876	457	-461	-1,377	-1,069	-1,525	-1,526	-3,425	-17,546	-5,589	-1,387	1,333	-4,721	272	356	109	336	1,768	2,986	1,877	2,991	2,621	2,655	1,911	5,835	2,504	2,308	1,251	0	1,020	1,029	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
Net Interest Income	-2,046	-1,856	-1,896	-1,765	-1,656	-1,409	-1,067	-503	-475	-489	-556	-521	-745	-819	-910	-1,024	-1,167	-1,101	-1,044	-1,062	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	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
Non Operating Income Net Other	0	0	-697	-813	-331	-2,677	867	217	-66	-222	3,669	-231	-131	31	-169	-355	-21	-59	4,513	426	-3,311	-1,252	-1,665	-695	71	-497	-186	190	-2,454	-5,774	-769	1,606	-563	-184	-295	896	-49	-31	-39	-24	-82	-2	6	-67	-17	-72	-37	22	0	-14	25	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
Non Recurring	0	0	0	0	313	37	1,886	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	0	0	0	0	0	0	0	21	24	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
Operating Income	4,766	5,179	3,332	-1,245	1,351	-1,607	941	916	-7,114	-155	2,571	276	-69	-591	-1,965	-5,201	744	-8,692	198	1,765	-6,407	3,003	2,707	972	765	972	176	-1,513	-3,033	-961	1,884	3,357	-1,070	3,672	4,644	2,142	1,736	3,411	5,178	3,611	5,020	4,657	4,604	3,257	3,276	4,467	4,196	2,520	875	2,233	2,241	1,252	2,055	1,490	949	1,043	3,568	-738	31	483	746	874	1,204	584	1,461	1,867	2,078	-7,300	-7,300	250	-652	-568	-1,369	-135	-749	-2,590	-2,590	-433	0	0	611	284
Other Items	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	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	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	73,887	66,152	70,202	65,306	74,631	63,792	69,361	59,770	58,427	51,090	57,474	46,892	45,253	37,057	39,080	47,212	53,702	52,521	60,771	55,655	61,261	57,935	61,197	55,492	63,713	55,492	51,416	69,365	68,012	75,092	94,393	99,004	94,561	92,999	100,960	103,740	65,173	62,786	63,221	58,965	60,411	52,864	57,950	56,309	53,248	48,913	48,300	40,329	34,485	34,688	34,801	30,464	27,471	23,346	18,471	20,874	11,291	15,774	11,795	13,428	26,953	27,432	25,256	22,963	25,796	24,733	27,873	28,497	28,497	20,408	2,327	2,805	3,287	3,657	1,891	4,002	4,002	2,605	0	0	0	0
Preferred Stock And Other Adjustments	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	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	0	0	0	0	0	0	0	0	-	-	0	0
Reconciled Depreciation	2,762	2,737	2,869	3,052	2,884	2,614	2,773	1,144	1,004	1,086	1,123	1,130	1,164	1,054	1,054	1,082	1,110	1,192	1,217	1,183	1,200	1,238	1,258	1,220	1,199	1,220	49	2,639	2,355	2,643	3,133	3,110	2,776	3,320	3,086	2,900	1,238	1,108	1,115	1,111	1,205	967	909	864	826	882	920	870	818	914	801	803	795	781	783	780	673	658	563	559	549	491	485	483	501	498	538	1,201	1,201	150	146	146	128	117	105	99	102	0	-	-	0	0
Research Development	876	861	837	814	894	659	720	716	975	772	800	785	981	788	771	687	824	496	707	687	660	801	726	619	662	619	596	1,207	1,208	1,238	1,364	1,489	1,629	1,329	2,018	1,216	643	611	578	720	828	666	606	812	537	601	649	670	448	442	358	323	294	320	282	277	341	256	118	121	163	199	237	220	229	204	228	105	105	103	0	1	24	68	171	406	406	389	364	630	1,642	1,843
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0	0	21,226	0	0	0	9,496	0	0	9,496	8,523	8,190	9,008	8,282	8,750	8,282	8,657	12,099	11,837	11,378	13,597	13,599	14,640	13,307	12,890	16,955	10,222	0	7,388	7,273	6,931	5,878	7,050	6,167	6,509	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
Selling General Administrative	10,780	10,545	10,766	11,031	9,787	10,440	11,431	8,759	8,716	7,419	8,069	28,743	28,743	6,462	6,725	8,039	17,508	8,177	9,930	9,496	8,523	8,190	9,008	9,986	8,750	8,282	8,574	8,941	4,193	11,378	13,597	13,599	1,176	13,307	12,890	16,955	10,222	6,893	7,388	7,993	6,931	5,878	7,050	6,509	6,509	5,742	5,911	5,386	4,965	5,128	4,855	4,878	5,293	4,022	3,294	3,839	3,275	2,663	2,306	2,293	3,541	2,890	3,010	3,468	3,205	2,935	3,508	3,110	3,113	1,950	610	577	992	793	736	884	2,556	690	964	1,148	3,575	3,698
Tax Provision	-3,357	742	207	13	1,544	206	232	132	374	234	317	292	865	62	-657	404	275	1,958	380	197	-29	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	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 Operating Expenses	11,656	11,406	11,603	11,845	10,994	11,099	12,151	9,475	9,691	8,191	8,869	8,529	8,498	7,250	7,496	8,726	8,836	8,673	10,637	10,183	9,183	8,991	9,734	8,901	9,412	8,901	9,253	13,306	13,045	12,616	14,961	15,088	16,269	14,636	14,908	18,171	10,865	7,504	7,966	7,993	7,759	6,544	7,656	6,979	7,046	6,343	6,560	6,056	5,413	5,570	5,213	5,201	5,587	4,342	3,576	4,116	-199	2,919	2,424	2,414	3,704	3,089	3,247	3,688	3,434	3,139	3,736	9,150	9,150	2,053	610	578	1,017	861	907	2,556	2,556	934	0	0	0	0
Total Other Income Expense Net	-620	-687	-697	1,232	852	-1,271	-2,812	-554	-2,180	-223	3,667	-235	-148	25	-183	-7,137	-89	-8,212	4,462	357	-9,120	-1,320	-1,694	-781	-5	-781	-263	151	-96	-101	710	1,645	-465	-144	-255	935	-49	-31	-39	-24	-82	-2	6	-67	-17	-72	-37	22	-515	-35	1	34	-76	68	-101	-19	-1,048	891	45	-140	-116	-308	49	-9	-117	-171	-404	-948	-15	-1,027	12	19	33	55	58	-198	-198	-379	0	0	0	0
Total Revenue	78,653	71,331	73,534	67,871	78,820	65,037	69,577	60,420	53,391	50,935	60,045	47,168	45,184	36,466	37,115	48,733	54,446	51,941	60,969	57,420	60,590	60,938	63,904	56,464	64,478	56,464	51,592	67,852	64,979	74,131	96,277	102,361	93,491	96,671	105,604	105,882	66,909	66,197	68,399	62,576	65,431	57,521	62,554	59,566	56,524	53,380	52,496	42,849	36,561	36,942	37,066	31,722	29,544	24,859	19,502	21,970	14,934	15,063	11,848	14,042	27,792	28,542	26,460	23,547	27,257	26,600	29,951	21,197	21,197	20,658	1,675	2,237	1,918	3,522	1,142	1,412	1,412	2,172	2,118	2,750	8,387	6,263

Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue	291,389
Cost of Revenue	-229,037
Gross Profit	62,352	62,352

Operating Income (+$)
Gross Profit	62,352
Operating Expense	-46,510
Operating Income	15,842	15,842

Operating Expense (+$)
Research Development	3,388
Selling General Administrative	42,442
Selling And Marketing Expenses	0
Operating Expense	46,510	45,830

Net Interest Income (+$)
Interest Income	140
Interest Expense	-7,774
Other Finance Cost	-461
Net Interest Income	-7,173

Pretax Income (+$)
Operating Income	15,842
Net Interest Income	-7,173
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	5,462	18,659 EBIT - interestExpense = 8,001 4,961 15,130
Interest Expense	7,774
Earnings Before Interest and Taxes (EBIT)	15,775	13,236
Earnings Before Interest and Taxes (EBITDA)	27,195

After tax Income (+$)
Income Before Tax	5,462
Tax Provision	-2,506
Net Income From Continuing Ops	3,059	2,956
Net Income	7,356
Net Income Applicable To Common Shares	0

Non-recurring Events
Discontinued Operations	0
Extraordinary Items	0
Effect of Accounting Charges	0
Other Items	0
Non Recurring	0
Other Operating Expenses	275,547
Total Other Income/Expenses Net	-2,817	7,173

Technical Analysis of Manitex International Inc
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Manitex International Inc. The general trend of Manitex International Inc is BEARISH with 42.9% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Manitex International Inc's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitions	Bullish trend (-42.9%)		Bearish trend (42.9%)
Overbought to neutral	Bullish pullback	=	Bearish reversal
Upper to lower neutral	Bullish correction	=	Bearish continuation
Nuetral to oversold	Oversold	=	Oversold
Oversold to neutral	Bullish reversal	=	Bearish correction
Lower to upper neutral	Bullish continuation	=	Bearish pullback
Nuetral to overbought	Overbought	=	Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.

Score

Let's take a look at the Support & Resistance of Manitex International Inc.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is -1/(-1 +1).

Around resistance: The price is trading arround resistance levels. This can be considered as a potential exit level. -1

The bullish price targets are: 6.01 < 6.15 < 6.25.

The bearish price targets are: 5.5 > 5.49 > 5.49.

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Manitex International Inc Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

Moving averages are lagging trend indicators.
There are many types of moving averages.
Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Manitex International Inc. The current mas is .

The long score for the Moving Averages is 4/14.
The longshort score for the Moving Averages is -6/(-14 +14).

MA 20 trending down: The MA 20 is trending down. -1
Close < MA 20: The price is below the MA 20. -1
MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
MA 50 trending down: The MA 50 is trending down. -1
Close < MA 50: The price is below the MA 50. -1
MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
MA 100 trending down: The MA 100 is trending down. -1
Close < MA 100: The price is below the MA 100. -1
MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
MA 200 trending up: The MA 200 is trending up. +1
Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving Average	Amount of candles	vs. MA 50	vs. MA 100	vs. MA 200
MA 20	20
MA 50	50	-
MA 100	100	-	-
MA 200	200	-	-	-

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

Simple moving average (SMA);
Exponential moving average (EMA);
Smoothed moving average (SMMA);
Linear weighted moving average (LWMA).

The moving average looks at a certain period of time and it calculates the price average. The various types of averages are using various formulas. Don’t worry, you don’t have to memorize any formula. All moving averages are calculated automatically by basically every charting software you use. But it’s good to know how moving averages are actually calculated.

Simple moving average

SMA is calculated by summing up the price closures of the selected period. The price is then divided by the selected period. For example, when using the 21 day moving average you sum up all the closing prices for each day and divide that by 21. The result is a line on the chart representing the average. Because it’s an average in the selected timeframe, the trend is always lagging. An moving average looks like this on the chart:

Source: Tradingview.com

In this case, the blue line represents a 21 day moving average. Because the average is based on results from the past, the indicator will always lag behind. For example, when price would suddenly go up, the moving average won't immediately follow.

All other moving averages discussed below look the same on the chart. The only difference is that the line will move in different directions based on the maths behind the used indicators and the amount of days used to determine the average.

Exponential moving average

The EMA gives more weight to the latest closing prices by giving them more value in the equation. EMA is calculated by adding a certain percentage to the latest closing prices:

EMA = (CLOSE (i) * P) + (EMA (i - 1) * (1 - P))

Where:

CLOSE (i) = current period close price.
EMA (i - 1) = value of the Moving Average of a preceding period.
P = the percentage of using the price value.

Smoothed moving average

A smoothed moving average is an exponential moving average with a long lookback period. Older prices are reduced in weight but are never left out in the calculation. Unlike SMA and EMA where prices are removed when they are beyond the selected period. SMMA is a combination of the SMA and EMA. The main advantage is that it smooths out fluctuations in price.

Linear weighted moving average

The LWMA gives the latest price the highest weight and then lineary scales down with each price before that. The result is that the LWMA reacts quicker to changes in price than the SMA or EMA. The formula:

LWMA = ((Pn∗W1)+(Pn−1∗W2)+(Pn−2∗W3)...) / ∑W

Where:

P = Price for the period.
n = The most recent period, n-1 is the prior period, and n-2 is two periods prior.
W = The assigned weight to each period, with the highest weight going first and then descending linearly based on the number of periods being used.

Moving averages are widely used by many traders. Which moving average you need depends on your trading strategy. Common practise is using a combination of multiple periods. For example, the EMA21, EMA50, EMA100 and EMA200. How does that look on a chart:

Source: Tradingview.com

The lowest (purple) line on the chart represents the EMA200 then following up the EMA100, EMA50 and EMA21.

You can use moving averages to determine a trend. The 200 moving average is mostly used as a baseline for determining the current trend:

When the 200 moving average is moving up it is considered a bullish trend.
When the 200 moving average is down it is considered a bearish trend.
When moving averages are flatlined, there is no clear trend so you should look for market structure, consolidation or trend reversals. Depending on how you want to trade.

This is not set in stone. Most trading strategies use multiple moving averages each with different settings. While one strategy might use the EMA20, the other uses the SMA21. There can be hundreds of different variations. Moving averages can also be used as support and resistance. More often than not, prices will bounce on moving averages.

Manitex International Inc Daily Moving Averages Chart

2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

MACD is a lagging momentum indicator.
Uses two moving averages.
Can show buy or sell signals based on momentum.
Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Manitex International Inc. The current macd is -0.26993321.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Manitex International Inc price going down in the near term. -2
MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Manitex International Inc. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Manitex International Inc price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1

Manitex International Inc Daily Moving Average Convergence/Divergence (MACD) Chart

2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.

Score

Let's take a look at the Directional Movement Index (DMI) of Manitex International Inc. The current adx is 19.33.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -1/(-7 +7).

PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Manitex International Inc shares, leading to potential downward momentum in its price. -1
PLUS_ID < MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.

Manitex International Inc Daily Directional Movement Index (DMI) Chart

2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

Parabolic SAR (stop and reverse) is a lagging trend indicator.
Shows the current trend.
Shows potential entry signals.
Shows potential exit signals.
Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Manitex International Inc. The current sar is 6.53453853.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1

Manitex International Inc Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

Leading momentum indicator, meaning the signals are instant.
Ranges between 0 and 100.
Above 70 is considered overbought.
Below 30 is considered oversold.
Above or below 50 can also be used to determine price trend or support and resistance.
RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Manitex International Inc. The current rsi is 42.59. The current phase is Continuation in bear market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -4/(-13 +13).

Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
Trending down: The RSI is trending down. -1

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

The RSI measures the magnitude of recent price changes to determine if the asset is overbought or oversold.

Overbought (RSI above 70) means that the trading price is above its intrinsic value. This might indicate a sell or short signal.
Oversold (RSI below 30) means that the trading price is below its intrinsic value. This might indicate a buy or long signal.
RSI levels above or below 50 can also be used to determine a trend.
RSI divergence looks at a deviation between RSI and price movement.
Can be used in many different ways.

Original usage

Keep in mind that almost every indicator can be used in different ways. Even beyond the orginal settings. The relative strength index was developed by J. Welles Wilder. Wilder recommended a smoothing period of 14 days. That means a 14 day moving average (read more about this setting below). Another quote from the wikipedia page:

Wilders also considers the RSI 50 line as both support and resistance. I recommend to always read the original settings first before using an indicator. Many traders and websites are using their own version of the indicator which might be confusing.

How you can use RSI (Divergence)

First and foremost, there is no real right or wrong usage of the RSI indicator. You can use it in any way you want. Wilder recommends using a 14 day average but you can make it 50 or 100 if you like. Just keep in mind that using an indicator is just part of a larger trading plan. In other words, it’s not recommended to do any trading or investing based on a single indicator like the RSI.

The RSI is measured on a scale between 0 and 100. From 30 till 0 is considered oversold. and from 70 -100 is overbought. The RSI is a leading indicator, meaning the signals are instant.

I like to use the RSI as a trend\momentum indicator and not as an overbought or oversold indicator. I use the middle (50) as the baseline. When prices go above RSI 50 the trend is bullish and can indicate long positions. When below 50 it is considered bearish and can indicate short positions. Other traders use the 70 and 30 levels as overbought/oversold depending on the used strategy. The RSI indicator looks like this:

Source: Tradingview.com

The general concensus is that an RSI above 70 indicates that the security is overbought. In other words, the price this security is trading for is to high and should come down. So if RSI hits 70 or above this might indicate a sell signal or taking a short position (expecting the price will go down). Although RSI above 70 indicates the security is trading above it's fair value, that does not mean the price will go down.

Use tradingview to add indicators

I highly recommend using tradingview to add indicators to a chart. It has all the indicators you can think off and can add them for free (up to three indicators) to any chart you want. You can see that the levels 30 and 70 are marked with a dotted line. If you want you can remove these lines or give it another colour using Tradingview. You can also adjust the moving average used. You can also find RSI indicators made by the community that include other settings like RSI divergences.

Tradingview

Use Tradingview to (back)test your strategies and add hundreds of indicators created by the community.

View tool on Tradingview.com

RSI divergence

RSI is not only used to determine momentum but can also spot reversals or continuations of the trend. A reversal means that the trend is going in the opposite direction. From bullish to bearish or from bearish to bullish. These reversals can be spotted by looking at the price and the direction of the RSI. When the price is going up but the RSI is going down that means there is a divergence. This is also the case when RSI goes up but price is going down.

There are four types of divergences:

Regular bullish divergence
Regular bearish divergence
Hidden bullish divergence
Hidden bearish divergence

Regular bullish divergence

With a regular bullish divergence, the price is making lower highs but the oscillator (in this case the RSI) is making higher lows. A regular bullish divergence might indicate the end of the current trend. You’ll see regular bullish divergences mostly at the end of a downtrend. But that does not mean that every regular bullish divergence is a trend reversal.

Price is making lower highs
RSI is making higher lows
Indicating bullish reversal (price might go up)

Source: Tradingview.com

Regular bearish divergence

With a regular bearish divergence the price is making higher highs but the oscillator (in this case the RSI) is making lower highs. This might indicate the end of an uptrend.

Price is making higher highs
RSI is making lower highs
Indicating bearish reversal

Source: Tradingview.com

Hidden bullish divergence

With a hidden bullish divergence, the price is making a higher low while the RSI is making a lower low. This might indicate bullish trend continuation.

Price is making higher lows
RSI is making lower lows
Indicating bullish continuation

Source: Tradingview.com

As you have noticed, you can have multiple divergences in a row.

Hidden bearish divergence

With a hidden bearish divergence, price is making lower highs but RSI is making higher highs. This might indicate bearish trend continuation.

Price is making lower highs
RSI making higher highs
Indicating bearish continuation

Source: Tradingview.com

You can find many cheatsheets of RSI divergences online. Search for "RSI divergence overview" and you'll find a lot of examples. You can print these to learn the various types of divergences.

Manitex International Inc Daily Relative Strength Index (RSI) Chart

3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

Leading momentum indicator, meaning the signals are instant.
Used to determine overbought and oversold areas much like the RSI.
Ranges between 0 and 100.
Above 80 is considered overbought.
Below 20 is considered oversold.
Consists of two lines named K and D.
K compares the highest high and lowest low on the selected price range.
The D line is a moving average of the K line.
Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Manitex International Inc. The current phase is Continuation in bear market.

The long score for the Stochastic Oscillator is 2/6.
The longshort score for the Stochastic Oscillator is 0/(-6 +6).

STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Manitex International Inc price going up in the near term. +2
Trending down: The STOCH %K is trending down. -1

Manitex International Inc Daily Stochastic Oscillator Chart

3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

Lagging or leading Momentum indicator
When the CCI is above zero, the price is above the historical average
When the CCI is below zero, the price is below the historical average
Used for spotting trends
- If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
- If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Manitex International Inc. The current cci is -63.36665581.

Manitex International Inc Daily Commodity Channel Index (CCI) Chart

3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

Lagging momentum indicator
Ranges between +100 and -100
Considered overbought above +50
Considered oversold below -50
It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Manitex International Inc. The current cmo is -13.62466476.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1

Manitex International Inc Daily Chande Momentum Oscillator (CMO) Chart

3.5 Williams %R

Shows the current price relative to the highest high over the last 14 days.

Lagging momentum indicator
Ranging between 0 and -100
Above -20 is considered overbought
Below -80 is considered oversold
Is prone to give false signals

Score

Let's take a look at the Williams %R of Manitex International Inc. The current willr is -65.2173913.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Manitex International Inc is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.

Manitex International Inc Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

Lagging volatility indicator
Uses 3 bands: one upper, one lower and one in the middle
Works best when the middle band reflects an intermediate trend (MA20).
When the price is moving closer to the upper band, the market might be overbought
When the price is moving closer to the lower band, the market might be oversold

Score

Let's take a look at the Bollinger Bands of Manitex International Inc.

Manitex International Inc Daily Bollinger Bands Chart

4.2 Average True Range (ATR)

Measures market volatility

Leading volatility indicator
Can be used to determine stop-loss positions
Calculated by:
- Current high minus the current low
- Current high minus the previous close
- Current low minus the previous close
The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Manitex International Inc. The current atr is 0.40613641.

Manitex International Inc Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

Measures market volatility

Leading momentum indicator
Calculation:
- If the closing price is above the previous closing price: OBV = previous OBV + current volume
- If the closing price is below the previous closing price: OBV = previous OBV - current volume
- If the closing price is the same as the previous closing price than the OBV is the same.
Can be used to confirm price trends
Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Manitex International Inc. The current obv is 3,019,122.

Manitex International Inc Daily On-Balance Volume (OBV) Chart

5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

Lagging momentum indicator
Looks like RSI but uses volume as an extra metric (RSI only considers price)
Above 80 is considered overbought
Below 20 is considered oversold
Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Manitex International Inc. The current mfi is 37.72.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

MFI < 50: -1

Manitex International Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Manitex International Inc.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

Date	Indicator	Signal
2023-11-27	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-11-29	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-11-30	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
2023-12-01	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2023-12-04	STOCH	LONG EXIT		The %K line crosses below the %D line.
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-05	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2023-12-06	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2023-12-08	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
2023-12-12	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-14	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-15	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2023-12-18	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-20	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-26	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-28	STOCH	LONG EXIT		The %K line crosses below the %D line.
	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2023-12-29	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
2024-01-02	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2024-01-03	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2024-01-04	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-08	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-09	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2024-01-12	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-18	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-19	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-22	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-23	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-25	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-26	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-30	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-31	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
2024-02-01	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-05	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-02-06	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-02-07	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-02-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-13	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-14	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-15	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-02-16	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-20	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
2024-02-22	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-26	STOCH	LONG EXIT		The %K line crosses below the %D line.
	MFI	SHORT ENTRY	LONG CLOSE	20 crossover to downside
2024-02-27	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	MFI	LONG ENTRY	SHORT CLOSE	20 crossover to upside
2024-02-29	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
2024-03-01	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
2024-03-04	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-05	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-03-06	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-07	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-03-08	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
2024-03-11	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-03-14	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-15	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-03-18	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-03-22	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-25	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-26	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-27	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-03-28	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-04-01	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-04-02	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-04-03	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-04-04	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-08	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-04-09	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-10	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-04-11	STOCH	LONG EXIT		The %K line crosses below the %D line.
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
2024-04-12	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-15	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-17	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-04-18	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside

6.3. Candlestick Patterns

Manitex International Inc Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of Manitex International Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	42.592
Ma 20	Greater than	Ma 50	6.369
Ma 50	Greater than	Ma 100	6.609
Ma 100	Greater than	Ma 200	7.205
Open	Greater than	Close	6.190
Total			2/5 (40.0%)

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Quick analysis of Manitex International Inc (30 sec.)

What can you expect buying and holding a share of Manitex International Inc? (30 sec.)

How much money do you get?

What is your share worth?

+ What do you gain per year?

For what price can you sell your share?

1. Valuation of Manitex International Inc (5 min.)

$5.89

$3.92

$-15.65 - $-2.49

$-11.73 - $1.43

2. Growth of Manitex International Inc (5 min.)

Is Manitex International Inc growing?

How much money is Manitex International Inc making?

How much money comes from the company's main activities?

3. Financial Health of Manitex International Inc (5 min.)

4. Comparing to competitors in the Farm & Heavy Construction Machinery industry (5 min.)

Industry Rankings (Farm & Heavy Construction Machinery)

What can you expect buying and holding a share of Manitex International Inc? (5 min.)

What can you expect buying and holding a share of Manitex International Inc?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Manitex International Inc

About Manitex International Inc

Financial Health

Valuation

1.1. Profitability of Manitex International Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Farm & Heavy Construction Machinery)

1.1.2. Return on Assets

Trends

Compared to industry (Farm & Heavy Construction Machinery)

1.1.3. Return on Equity

Trends

Compared to industry (Farm & Heavy Construction Machinery)

1.2. Operating Efficiency of Manitex International Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Farm & Heavy Construction Machinery)

1.2.2. Operating Ratio

Trends

Compared to industry (Farm & Heavy Construction Machinery)

1.3. Liquidity of Manitex International Inc.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Farm & Heavy Construction Machinery)

1.3.2. Quick Ratio

Trends

Compared to industry (Farm & Heavy Construction Machinery)

1.4. Solvency of Manitex International Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Farm & Heavy Construction Machinery)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Farm & Heavy Construction Machinery)

2. Market Valuation of Manitex International Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Farm & Heavy Construction Machinery)

Manitex International Inc
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