Financial Highlights
Revenue and profitability:
- Revenue: 41,330,000; Gross profit: 26,613,000; Gross margin: 64.39%; Operating income: 19,644,000; Operating margin: 47.53%; Income before tax: 19,644,000; Net income: 16,268,000; Net margin: 39.36%; EPS: 0.34; Diluted EPS: 0.34; Weighted average diluted shares: 54,121,844.
- YoY comparisons (from incomeMetrics): Revenue down 14.90%; Gross profit down 43.83%; Operating income down 34.01%; Net income down 30.73%; EPS down 40.35%.
- QoQ comparisons (from incomeMetrics): Revenue up 7.58%; Gross profit down 28.26%; Operating income down 42.40%; Net income down 28.28%; EPS down 29.17%.
Cash flow and liquidity:
- Net cash from operating activities: (161,678,000); Free cash flow: (161,156,000).
- Net cash provided by financing activities: 155,348,000; Cash at end of period: 36,013,000; Cash at beginning of period: 47,237,000.
- Dividends paid: (31,532,000); Debt repayment: (134,564,000); Common stock issued: 52,915,000.
- Current ratio: 0.161x; Quick ratio: 0.161x; Cash ratio: 0.161x.
Balance sheet and leverage:
- Total assets: 1,789,065,000; Total liabilities: 958,623,000; Total stockholders’ equity: 830,442,000.
- Total debt: 393,465,000; Net debt: 357,452,000; Debt-to-capitalization: 32.1%; Debt-to-equity: 0.474.
- Cash and cash equivalents: 36,013,000; Current assets: 68,306,000; Current liabilities: 223,995,000.
Valuation and market metrics:
- Price-to-book: 1.50x; Price-to-sales: 23.97x; Price-to-earnings: 10.27x; Dividend yield: 2.53%; Enterprise value multiple: 44.10x; Cash flow metrics show negative operating cash flow despite strong margins, suggesting capital deployment and non-cash adjustments are key drivers of reported results.
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
41.33M |
-14.90% |
7.58% |
| Gross Profit |
26.61M |
-43.83% |
-28.26% |
| Operating Income |
19.64M |
-34.01% |
-42.40% |
| Net Income |
16.27M |
-30.73% |
-28.28% |
| EPS |
0.34 |
-40.35% |
-29.17% |