| Metrics | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Revenue & Cost | |||||
| Total Revenue | $70.73M | $93.73M | $115.94M | $137.28M | $140.93M |
| Cost of Revenue | $5.96M | $10.87M | $15.49M | $25.19M | $86.22M |
| Gross Profit | $64.77M | $82.86M | $100.45M | $112.10M | $54.72M |
| Gross Margin % | 91.58% | 88.41% | 86.64% | 81.65% | 38.82% |
| Operating Expenses | |||||
| R&D Expenses | $0.00 | $0.00 | $0.00 | - | - |
| SG&A Expenses | $12.80M | $15.96M | $16.45M | $16.55M | $16.85M |
| Other Operating Expenses | $24.64M | $-5.09M | $46.88M | $56.72M | - |
| Total Operating Expenses | $37.44M | $10.87M | $63.33M | $73.27M | $16.90M |
| Operating Performance | |||||
| Operating Income | $27.33M | $16.55M | $37.12M | $38.83M | $37.94M |
| Operating Margin % | 38.64% | 17.65% | 32.02% | 28.28% | 26.92% |
| EBITDA | $51.34M | $53.07M | $84.19M | $96.49M | $111.64M |
| EBITDA Margin % | 72.59% | 56.62% | 72.62% | 70.28% | 79.21% |
| Other Income/Expenses | |||||
| Interest Expense | $17.47M | $18.68M | $19.70M | $25.23M | $30.89M |
| Other Income/Expenses Net | $-17.74M | $-19.05M | $-18.78M | $-18.83M | $-16.20M |
| Income Before Tax | $9.59M | $-2.50M | $18.34M | $20.00M | $21.73M |
| Income Tax Expense | $0.00 | $0.00 | $0.00 | $25.23M | - |
| Net Performance | |||||
| Net Income | $9.23M | $-1.93M | $17.62M | $-5.23M | $20.61M |
| Net Margin % | 13.06% | -2.05% | 15.20% | -3.81% | 14.63% |
| EPS | $0.10 | $-0.04 | $0.19 | $-0.08 | $0.23 |
| Diluted EPS | $0.10 | $-0.04 | $0.19 | $-0.08 | $0.23 |
| Metrics | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Cash Equivalents | $2.77M | $5.51M | $7.21M | $4.02M | $7.40M |
| Short Term Investments | - | - | - | $34.71M | $25.13M |
| Net Receivables | $5.01M | $5.70M | $6.23M | $8.24M | $6.96M |
| Inventory | - | - | - | $-34.70M | $-25.12M |
| Other Current Assets | $8.13M | $10.06M | $11.50M | $18.27M | $6.12M |
| Total Current Assets | $15.90M | $21.27M | $24.95M | $30.53M | $14.35M |
| Non-Current Assets | |||||
| Property, Plant & Equipment (Net) | $3.08M | $3.60M | - | $3.48M | $7.63M |
| Long Term Investments | - | - | - | $34.71M | $25.13M |
| Tax Assets | - | - | - | $-34.71M | $1.14B |
| Other Non-Current Assets | $806.84M | $996.45M | $1.10B | $1.21B | $8.47M |
| Total Non-Current Assets | $869.03M | $1.08B | $1.24B | $1.36B | $1.25B |
| Total Assets | |||||
| Total Assets | $884.93M | $1.10B | $1.26B | $1.39B | $1.27B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | $5.07M | $7.28M | $10.34M | $13.82M | $12.78M |
| Short Term Debt | $347.52M | $521.64M | $514.57M | $636.45M | $405.00K |
| Tax Payables | - | - | - | - | - |
| Deferred Revenue | - | - | - | $4.44M | $5.09M |
| Other Current Liabilities | $12.74M | $12.47M | $15.67M | $11.38M | $601.06M |
| Total Current Liabilities | $365.33M | $541.39M | $540.58M | $666.09M | $619.34M |
| Non-Current Liabilities | |||||
| Long Term Debt | $38.65M | $64.94M | $65.29M | $57.67M | $623.79M |
| Other Non-Current Liabilities | $20.61M | $36.82M | $20.04M | $20.44M | $8.10M |
| Total Non-Current Liabilities | $59.26M | $101.76M | $85.33M | $78.11M | $42.55M |
| Total Liabilities | |||||
| Total Liabilities | $424.58M | $643.15M | $625.91M | $744.20M | $661.89M |
| Shareholders Equity | |||||
| Equity Components | |||||
| Common Stock | $44.00K | $49.00K | $65.00K | $66.00K | $66.00K |
| Retained Earnings | $-71.39M | $-116.77M | $-157.02M | $-198.71M | $-238.98M |
| Accumulated Other Comprehensive Income/Loss | $-6.67M | $-18.22M | $-6.64M | $34.67M | $25.13M |
| Total Shareholders Equity | $430.27M | $444.81M | $622.79M | $632.98M | $583.58M |
| Key Metrics | |||||
| Balance Check | |||||
| Total Liabilities & Equity | $854.85M | $1.09B | $1.25B | $1.39B | $1.27B |
| Total Debt | $386.17M | $586.58M | $579.86M | $694.12M | $624.19M |
| Net Debt | $383.40M | $581.07M | $572.64M | $690.10M | $616.80M |
| Metrics | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Core Operations | |||||
| Net Income | $9.23M | $-1.93M | $17.62M | $20.00M | $20.61M |
| Depreciation & Amortization | $24.64M | $36.31M | $46.88M | $57.66M | $58.14M |
| Stock Based Compensation | $3.34M | $5.32M | $5.81M | $4.68M | $4.24M |
| Working Capital Changes | |||||
| Change in Accounts Receivable | $-2.14M | $-1.60M | - | $-2.97M | $426.00K |
| Change in Inventory | - | - | - | - | - |
| Change in Accounts Payable | $857.00K | $1.56M | $1.92M | $4.06M | $-2.02M |
| Other Working Capital Changes | $-3.07M | $-5.88M | $-5.29M | $-2.83M | $-4.09M |
| Total Working Capital Change | $-3.77M | $-7.65M | $-3.82M | $-1.74M | $-5.69M |
| Other Operating | |||||
| Other Non-Cash Items | $2.99M | $2.46M | $2.48M | $-4.06M | $113.25M |
| Net Cash from Operations | $36.43M | $34.52M | $68.97M | $76.54M | $68.44M |
| Investing Activities | |||||
| Capital Investments | |||||
| Capital Expenditures | - | - | - | $-156.20M | $-10.05M |
| Purchase of Investments | - | - | - | $-1.97M | - |
| Sale of Investments | - | - | $-1.07M | $11.14M | $86.08M |
| Other Investing Activities | $-258.20M | $-218.58M | $-193.60M | $7.81M | $-1.26M |
| Net Cash from Investing | $-258.20M | $-223.67M | $-194.67M | $-137.25M | $74.78M |
| Financing Activities | |||||
| Debt & Equity | |||||
| Debt Repayment | $-173.31M | $-64.97M | $-6.18M | $-16.66M | $-86.10M |
| Stock Repurchases | - | - | - | - | - |
| Dividends Paid | $-34.99M | $-45.77M | $-52.50M | $-64.24M | $-64.85M |
| Other Financing Activities | $242.92M | $250.37M | $-19.14M | $133.41M | $-1.00 |
| Net Cash from Financing | $224.11M | $192.72M | $127.70M | $62.41M | $-150.95M |
| Cash Position | |||||
| Summary | |||||
| Net Change in Cash | $2.34M | $3.57M | $2.01M | $1.70M | $-14.89M |
| Cash at Beginning of Period | $4.84M | $7.19M | $10.75M | $12.76M | $22.29M |
| Cash at End of Period | $7.19M | $10.75M | $12.76M | $14.46M | $7.40M |
| Key Metrics | |||||
| Operating Cash Flow | $36.43M | $34.52M | $68.97M | $76.54M | $68.44M |
| Capital Expenditure | $-256.81M | $-218.79M | $-9.41M | $-156.20M | $-10.05M |
| Free Cash Flow | $-220.38M | $-184.27M | $59.56M | $-79.66M | $58.39M |