| Market Cap | $6.0M | |
| Enterprise Value | $32.3M | |
| Revenue | $62.4M | −6.4% |
| Gross Profit | $4.1M | — |
| EBITDA | -$37.0M | — |
| Net Income | -$40.5M | — |
| Diluted EPS | -$1.80 | — |
| Free Cash Flow | -$18.9M | — |
| Ratio | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 6y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||
| Gross Margin | 4.54% | 12.08% | 11.08% | 25.99% | −23.53% | −18.59% | 25% | 4% | |
| Operating Margin | −18.65% | −11.74% | 0.52% | 13.76% | −71.39% | −59.93% | 25% | 11% | |
| EBITDA Margin | −16.49% | −10.25% | 1.29% | 14.44% | −69.84% | −58.42% | 25% | 8% | |
| NOPAT Margin | — | — | — | 13.76% | −56.40% | — | — | — | |
| Net Margin | −19.71% | −26.50% | −0.56% | 15.03% | −75.11% | −63.32% | 25% | 10% | |
| FCF Margin | −7.96% | −30.04% | 0.64% | — | −35.85% | −37.41% | 10% | 8% | |
| FCFE Margin | — | — | 0.63% | — | −35.87% | −37.43% | 17% | 8% | |
| OCF Margin | −7.95% | −29.94% | 0.65% | 7.50% | −35.00% | −37.38% | 8% | 8% | |
| Gross Profitability | 33.70% | 31.64% | 39.61% | 85.01% | −59.74% | −124.34% | 8% | 1% | |
| Capex Intensity | 0.01% | 0.10% | 0.01% | — | 0.85% | 0.03% | 50% | 3% | |
| ▸Returns on Capital · 5 ratios | |||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||
| ▸Earnings quality · 5 ratios | |||||||||
| ▸Liquidity & coverage · 9 ratios | |||||||||
| ▸Leverage · 9 ratios | |||||||||
| ▸Working capital · 5 ratios | |||||||||
| ▸Capital allocation · 1 ratios | |||||||||
| ▸Per share · 6 ratios | |||||||||
| ▸Other · 1 ratios | |||||||||
The five drivers multiply to 80.6% vs reported ROE 124.1%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2020↗ | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|---|---|---|
| Revenue | $54.4M | $51.1M | $121.5M | $137.1M | $60.9M | $57.0M |
| YoY % | -6.2% | +138.0% | +12.8% | -55.6% | -6.4% | |
| Cost of Revenue | $51.9M | $44.9M | $108.1M | $101.5M | $75.2M | $67.6M |
| YoY % | -13.6% | +140.8% | -6.1% | -25.9% | -10.2% | |
| Gross Profit | $2.5M | — | — | — | — | — |
| SG&A Expense | $12.6M | $12.2M | $12.8M | $16.8M | $27.5M | $20.1M |
| YoY % | -3.6% | +5.5% | +30.7% | +63.7% | -26.9% | |
| Total Operating Expenses | $12.6M | $12.2M | $12.8M | $16.8M | $27.5M | $20.1M |
| YoY % | -3.6% | +5.5% | +30.7% | +63.7% | -26.9% | |
| Operating Income | -$10.1M | -$6.0M | $633,785 | $18.9M | -$43.5M | -$34.1M |
| YoY % | +2876.6% | |||||
| Interest Expense | — | — | — | — | $554,200 | $2.0M |
| YoY % | +261.6% | |||||
| Interest & Investment Income | — | — | — | — | $105,395 | $63,950 |
| YoY % | -39.3% | |||||
| Other Non-Operating Income | — | — | — | -$485,772 | $396,226 | -$1.9M |
| Impairment of Real Estate | $0 | $0 | $0 | $0 | — | $0 |
| Pretax Income | -$10.7M | — | -$553,228 | $18.4M | -$43.1M | -$36.1M |
| Income Tax | — | — | — | -$2.3M | $2.9M | — |
| Net Income (incl. NCI) | — | -$13.5M | -$553,228 | $20.6M | -$45.9M | -$36.1M |
| Minority Interest (P&L) | — | — | $127,535 | $26,709 | -$208,550 | -$838 |
| YoY % | -79.1% | |||||
| Net Income | -$10.7M | -$13.5M | -$680,763 | $20.6M | -$45.7M | -$36.1M |
| Net Income to Common | — | — | -$680,763 | $20.6M | -$45.7M | -$36.1M |
| EPS (Basic) | — | -$3.09 | -$0.05 | $1.45 | -$2.39 | -$1.80 |
| EPS (Diluted) | — | — | -$0.05 | $1.38 | -$2.39 | -$1.80 |
| Weighted Avg Shares (Basic) | — | 4.4M | 12.4M | 14.3M | 19.1M | 20.1M |
| YoY % | +182.9% | +15.0% | +34.1% | +5.1% | ||
| Weighted Avg Shares (Diluted) | — | — | 12.4M | 14.9M | 19.1M | 20.1M |
| YoY % | +20.4% | +28.1% | +5.1% |
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.
