| Market Cap | $339.0M | |
| Enterprise Value | $250.6M | |
| Revenue | $230.3M | −40.1% |
| Gross Profit | $27.5M | −74.9% |
| EBITDA | -$55.0M | −532.2% |
| Net Income | -$112.0M | −3012.5% |
| Diluted EPS | -$4.73 | −2882.4% |
| Free Cash Flow | $35.6M | — |
| Ratio | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 12y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||||
| Gross Margin | — | — | — | — | — | — | 14.55% | 8.17% | 2.76% | 23.84% | 40.40% | 16.97% | 58% | 19% | |
| Operating Margin | −15.67% | −5.09% | −9.53% | −17.14% | −32.50% | −10.16% | −21.51% | −33.38% | −43.94% | −20.61% | 12.05% | −139.51% | 4% | 3% | |
| EBITDA Margin | −5.72% | 2.98% | −1.16% | −7.51% | −22.16% | −2.83% | −11.34% | −25.62% | −38.82% | −14.19% | 17.02% | −122.86% | 4% | 3% | |
| NOPAT Margin | — | — | — | — | — | — | — | — | −34.71% | −16.28% | 10.68% | −110.22% | 13% | 3% | |
| Net Margin | −64.77% | −5.24% | −10.21% | −17.31% | −33.00% | −10.45% | −21.75% | −30.50% | −45.87% | −19.19% | 2.95% | −143.69% | 4% | 3% | |
| FCF Margin | — | — | −11.72% | −9.61% | −11.74% | −2.27% | −13.30% | −26.64% | −151.01% | −91.35% | −8.99% | −1.69% | 95% | 20% | |
| FCFE Margin | — | — | — | — | — | — | −9.63% | — | — | — | 18.62% | — | — | — | |
| OCF Margin | — | — | −0.49% | −4.13% | −8.29% | −0.76% | −9.90% | −15.32% | −52.34% | −17.85% | 10.06% | 12.13% | 95% | 75% | |
| Gross Profitability | 11.78% | 17.60% | 17.31% | 15.08% | 12.79% | 25.39% | 14.98% | 5.43% | 0.77% | 8.10% | 20.43% | 11.31% | 29% | 13% | |
| Capex Intensity | 12.93% | 17.92% | 11.22% | 5.48% | 3.44% | 1.52% | 3.41% | 11.33% | 98.67% | 73.50% | 19.06% | 13.81% | 63% | 95% | |
| ▸Returns on Capital · 5 ratios | |||||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||||||||
| ▸Earnings quality · 7 ratios | |||||||||||||||
| ▸Liquidity & coverage · 5 ratios | |||||||||||||||
| ▸Leverage · 9 ratios | |||||||||||||||
| ▸Working capital · 8 ratios | |||||||||||||||
| ▸Capital allocation · 1 ratios | |||||||||||||||
| ▸Per share · 6 ratios | |||||||||||||||
| ▸Other · 1 ratios | |||||||||||||||
The five drivers multiply to 2.4% vs reported ROE 2.4%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2014↗ | 2015↗ | 2016↗ | 2017↗ | 2018↗ | 2019↗ | 2020↗ | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $102.4M | $122.5M | $117.7M | $111.6M | $104.4M | $139.4M | $100.3M | $121.6M | $180.4M | $238.7M | $452.7M | $271.1M |
| YoY % | +19.6% | -3.9% | -5.2% | -6.5% | +33.6% | -28.1% | +21.3% | +48.3% | +32.4% | +89.6% | -40.1% | |
| Cost of Revenue | — | — | — | — | — | — | $85.7M | $111.7M | $175.4M | $181.8M | $269.8M | $225.1M |
| YoY % | +30.4% | +57.0% | +3.7% | +48.4% | -16.6% | |||||||
| Gross Profit | $17.1M | $24.6M | $23.3M | $18.7M | $12.7M | $26.3M | $14.6M | $9.9M | $5.0M | $56.9M | $182.9M | $46.0M |
| YoY % | +44.3% | -5.4% | -19.9% | -32.1% | +107.5% | -44.5% | -31.9% | -49.9% | +1043.9% | +221.3% | -74.9% | |
| R&D Expense | $6.0M | $5.3M | $5.3M | $6.2M | $6.3M | $8.4M | $8.7M | $11.4M | $16.9M | $16.4M | $18.1M | $13.4M |
| YoY % | -12.2% | +1.0% | +16.5% | +2.2% | +33.0% | +3.8% | +31.1% | +48.0% | -3.4% | +10.4% | -25.7% | |
| Selling & Marketing Expense | $10.3M | $10.6M | $11.8M | $12.6M | $13.8M | $15.6M | $11.8M | $16.6M | $28.8M | $33.0M | $35.7M | $28.2M |
| YoY % | +2.6% | +11.8% | +6.7% | +9.4% | +12.8% | -24.5% | +41.1% | +73.6% | +14.6% | +8.1% | -21.0% | |
| SG&A Expense | $16.9M | $15.1M | $17.4M | $19.0M | $19.1M | $16.5M | $15.7M | $22.5M | $38.5M | $56.8M | $71.1M | $55.8M |
| YoY % | -10.6% | +15.6% | +9.2% | +0.5% | -13.8% | -4.8% | +43.6% | +71.0% | +47.4% | +25.3% | -21.6% | |
| Total Operating Expenses | $33.1M | $30.9M | $34.5M | $37.8M | $46.6M | $40.4M | $36.2M | $50.5M | $84.2M | $106.1M | $128.4M | $424.2M |
| YoY % | -6.8% | +11.8% | +9.5% | +23.2% | -13.2% | -10.6% | +39.7% | +66.7% | +26.0% | +21.0% | +230.5% | |
| Operating Income | -$16.0M | -$6.2M | -$11.2M | -$19.1M | -$33.9M | -$14.2M | -$21.6M | -$40.6M | -$79.2M | -$49.2M | $54.5M | -$378.2M |
| Other Non-Operating Income | -$50.3M | -$182,000 | -$803,000 | -$185,000 | -$524,000 | -$406,000 | -$240,000 | $3.5M | -$3.5M | $3.4M | -$39.4M | -$8.9M |
| Gains on Sale of Real Estate | — | — | — | — | — | — | — | — | — | — | — | -$18.2M |
| Impairment of Real Estate | — | — | — | — | — | — | — | — | — | — | $3.5M | $291.2M |
| YoY % | +8195.3% | |||||||||||
| Pretax Income | — | — | — | — | — | — | — | — | -$82.7M | -$45.8M | $15.1M | -$387.2M |
| Income Tax | — | — | — | — | — | — | — | — | $0 | $0 | $1.7M | $2.4M |
| YoY % | +39.7% | |||||||||||
| Net Income (incl. NCI) | — | — | -$12.0M | -$19.3M | -$34.4M | -$14.6M | -$21.8M | -$37.1M | -$82.7M | -$45.8M | $13.4M | -$389.6M |
| Net Income | -$66.3M | -$6.4M | -$12.0M | -$19.3M | -$34.4M | -$14.6M | -$21.8M | -$37.1M | -$82.7M | -$45.8M | $13.4M | -$389.6M |
| Net Income to Common | -$66.3M | -$6.4M | — | — | — | — | — | — | — | — | — | — |
| EPS (Basic) | -$5.37 | -$0.28 | — | — | — | — | -$0.83 | -$1.22 | -$2.10 | -$0.66 | $0.17 | -$4.73 |
| EPS (Diluted) | -$5.37 | -$0.28 | — | — | — | — | -$0.83 | -$1.22 | -$2.10 | -$0.66 | $0.17 | -$4.73 |
| Weighted Avg Shares (Basic) | 12.3M | 23.0M | — | — | — | — | 26.4M | 30.4M | 39.4M | 69.4M | 77.5M | 82.3M |
| YoY % | +86.1% | +15.4% | +29.3% | +76.4% | +11.7% | +6.2% | ||||||
| Weighted Avg Shares (Diluted) | 12.3M | 23.0M | — | — | — | — | 26.4M | 30.4M | 39.4M | 69.4M | 80.3M | 82.3M |
| YoY % | +86.1% | +15.4% | +29.3% | +76.4% | +15.7% | +2.5% |
The sector classification is SIC-derived, not official GICS. Statement lines are XBRL facts as filed with the company's home regulator (SEC EDGAR for US filers; ESEF/EDINET and other national regulators for foreign filers); ratios and other derived figures are computed from them. A blank cell means the tag was absent — never imputed.
