| Market Cap | $437.6M | |
| Enterprise Value | $418.2M | |
| Revenue | $178.4M | −20.5% |
| Gross Profit | $172.9M | −20.0% |
| EBITDA | — | — |
| Net Income | $21.5M | −52.5% |
| Diluted EPS | $10.86 | −50.5% |
| Free Cash Flow | -$1.3M | — |
| Ratio | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 6y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||
| Gross Margin | 84.58% | 87.37% | 92.94% | 91.16% | 96.17% | 96.72% | 92% | 97% | |
| Operating Margin | −1.68% | 6.84% | 37.98% | — | — | — | — | — | |
| EBITDA Margin | 46.55% | 43.17% | 55.42% | — | — | — | — | — | |
| NOPAT Margin | −1.33% | 3.13% | 31.33% | — | — | — | — | — | |
| Net Margin | −3.96% | 2.90% | 30.97% | 21.16% | 23.30% | 13.92% | 42% | 75% | |
| FCF Margin | — | — | — | — | −1.40% | 10.99% | 75% | 74% | |
| OCF Margin | 28.04% | 39.49% | 21.08% | 82.08% | 48.74% | 51.17% | 75% | 80% | |
| Gross Profitability | 24.65% | 30.02% | 59.08% | 41.95% | 70.45% | 56.46% | 58% | 99% | |
| Capex Intensity | — | — | — | — | 50.14% | 40.18% | 25% | 90% | |
| ▸Returns on Capital · 6 ratios | |||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||
| ▸Earnings quality · 6 ratios | |||||||||
| ▸Liquidity & coverage · 5 ratios | |||||||||
| ▸Leverage · 9 ratios | |||||||||
| ▸Working capital · 5 ratios | |||||||||
| ▸Capital allocation · 2 ratios | |||||||||
| ▸Per share · 6 ratios | |||||||||
The five drivers multiply to 37.4% vs reported ROE 40.6%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2020↗ | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|---|---|---|
| Revenue | $58.4M | $72.5M | $157.1M | $132.8M | $237.8M | $189.1M |
| YoY % | +24.0% | +116.8% | -15.5% | +79.0% | -20.5% | |
| Cost of Revenue | $9.0M | $9.2M | $11.1M | $11.7M | $9.1M | $6.2M |
| YoY % | +1.6% | +21.2% | +5.9% | -22.4% | -32.0% | |
| SG&A Expense | $15.0M | $9.1M | $20.2M | $15.6M | $18.9M | $18.4M |
| YoY % | -39.5% | +122.7% | -22.7% | +20.7% | -2.7% | |
| Total Operating Expenses | $75.2M | $69.0M | $98.1M | $98.6M | $166.6M | $158.6M |
| YoY % | -8.3% | +42.2% | +0.5% | +69.0% | -4.8% | |
| Operating Income | -$980,000 | $5.0M | $59.7M | — | — | — |
| YoY % | +1103.9% | |||||
| Interest & Investment Income | $2,000 | — | — | — | — | — |
| Gains on Sale of Real Estate | — | — | $31.8M | $8.9M | $3.7M | $1.6M |
| YoY % | -72.1% | -58.0% | -56.8% | |||
| Pretax Income | -$2.9M | $4.6M | $59.0M | $34.2M | $71.2M | $30.5M |
| YoY % | +1170.9% | -42.0% | +108.0% | -57.2% | ||
| Income Tax | -$517,000 | $2.5M | $10.3M | $6.1M | $15.8M | $4.2M |
| YoY % | +310.5% | -40.8% | +157.7% | -73.5% | ||
| Net Income (incl. NCI) | -$2.4M | $2.1M | $48.7M | $28.1M | $55.4M | $26.3M |
| YoY % | +2189.0% | -42.3% | +97.1% | -52.5% | ||
| Minority Interest (P&L) | -$47,000 | $28,000 | $0 | — | — | — |
| YoY % | -100.0% | |||||
| Net Income | -$2.3M | $2.1M | $48.7M | — | — | — |
| YoY % | +2219.5% | |||||
| Net Income to Common | -$2.3M | $2.1M | $48.7M | $28.1M | $55.4M | $26.3M |
| YoY % | +2219.5% | -42.3% | +97.1% | -52.5% | ||
| EPS (Basic) | -$1.16 | $1.05 | $24.91 | $15.19 | $31.43 | $15.85 |
| YoY % | +2272.4% | -39.0% | +106.9% | -49.6% | ||
| EPS (Diluted) | -$1.16 | $0.76 | $17.95 | $10.77 | $21.95 | $10.86 |
| YoY % | +2261.8% | -40.0% | +103.8% | -50.5% | ||
| Weighted Avg Shares (Basic) | 2.0M | 2.0M | 2.0M | 1.8M | 1.8M | 1.7M |
| YoY % | -0.1% | -1.9% | -5.3% | -4.7% | -5.8% | |
| Weighted Avg Shares (Diluted) | 2.0M | 2.7M | 2.7M | 2.6M | 2.5M | 2.4M |
| YoY % | +37.6% | -1.2% | -3.8% | -3.3% | -4.0% |
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.
