| Metrics | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Revenue & Cost | |||||
| Total Revenue | $140.66M | $147.35M | $155.41M | $165.59M | $185.85M |
| Cost of Revenue | $24.98M | $23.52M | $22.05M | $21.55M | $23.79M |
| Gross Profit | $115.68M | $123.83M | $133.36M | $144.04M | $162.06M |
| Gross Margin % | 82.24% | 84.04% | 85.81% | 86.98% | 87.20% |
| Operating Expenses | |||||
| R&D Expenses | $0.00 | $0.00 | $0.00 | - | - |
| SG&A Expenses | $15.18M | $17.29M | $20.15M | $20.62M | $23.74M |
| Other Operating Expenses | $30.78M | $31.25M | $39.07M | $19.00M | $47.18M |
| Total Operating Expenses | $45.97M | $48.54M | $59.22M | $39.62M | $70.91M |
| Operating Performance | |||||
| Operating Income | $66.76M | $75.58M | $86.46M | $117.29M | $91.15M |
| Operating Margin % | 47.47% | 51.29% | 55.63% | 70.83% | 49.04% |
| EBITDA | $102.42M | $129.56M | $127.83M | $144.73M | $143.02M |
| EBITDA Margin % | 72.82% | 87.93% | 82.25% | 87.40% | 76.96% |
| Other Income/Expenses | |||||
| Interest Expense | $24.63M | $26.09M | $24.67M | $27.66M | $31.53M |
| Other Income/Expenses Net | $-17.04M | $-6.19M | $-23.60M | $-27.25M | $-31.00M |
| Income Before Tax | $49.72M | $69.39M | $62.86M | $90.04M | $60.15M |
| Income Tax Expense | $0.00 | $0.00 | $0.00 | $-12.88M | - |
| Net Performance | |||||
| Net Income | $49.72M | $69.39M | $62.86M | $90.04M | $60.15M |
| Net Margin % | 35.35% | 47.09% | 40.45% | 54.38% | 32.37% |
| EPS | $1.19 | $1.62 | $1.37 | $1.88 | $1.16 |
| Diluted EPS | $1.19 | $1.62 | $1.37 | $1.88 | $1.15 |
| Metrics | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Cash Equivalents | $21.78M | $55.08M | $24.74M | $8.71M | $3.31M |
| Short Term Investments | - | - | - | - | - |
| Net Receivables | $33.92M | $15.09M | $18.24M | $88.95M | $171.44M |
| Inventory | - | $872.00K | - | $6.29M | - |
| Other Current Assets | $62.52M | $73.34M | $88.11M | $96.56M | $4.41M |
| Total Current Assets | $118.22M | $144.38M | $131.08M | $200.51M | $239.12M |
| Non-Current Assets | |||||
| Property, Plant & Equipment (Net) | $22.18M | $25.08M | $21.47M | $18.47M | $14.75M |
| Long Term Investments | $82.37M | $77.24M | $71.65M | - | - |
| Tax Assets | - | - | - | - | - |
| Other Non-Current Assets | $989.01M | $1.10B | $1.24B | $1.27B | $1.47B |
| Total Non-Current Assets | $1.09B | $1.21B | $1.34B | $1.36B | $1.58B |
| Total Assets | |||||
| Total Assets | $1.21B | $1.35B | $1.47B | $1.56B | $1.82B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | $60.96M | $47.08M | $45.94M | $43.75M | $2.54M |
| Short Term Debt | $20.00M | $25.00M | $60.00M | $70.00M | $10.00M |
| Tax Payables | - | - | - | - | - |
| Deferred Revenue | - | - | - | - | - |
| Other Current Liabilities | $15.56M | $17.33M | $19.47M | $20.58M | $69.10M |
| Total Current Liabilities | $96.52M | $89.41M | $125.41M | $134.32M | $81.64M |
| Non-Current Liabilities | |||||
| Long Term Debt | $475.10M | $552.41M | $548.84M | $644.97M | $769.21M |
| Other Non-Current Liabilities | $50.72M | $48.08M | $47.60M | $23.16M | $19.40M |
| Total Non-Current Liabilities | $525.82M | $600.50M | $596.43M | $668.12M | $788.61M |
| Total Liabilities | |||||
| Total Liabilities | $622.34M | $689.91M | $721.84M | $802.45M | $866.75M |
| Shareholders Equity | |||||
| Equity Components | |||||
| Common Stock | $414.00K | $436.00K | $467.00K | $467.00K | $540.00K |
| Retained Earnings | $-67.10M | $-63.44M | $-73.57M | $-62.96M | $-94.10M |
| Accumulated Other Comprehensive Income/Loss | $-67.00M | - | - | - | $-4.02M |
| Total Shareholders Equity | $589.44M | $659.60M | $745.11M | $759.85M | $955.55M |
| Key Metrics | |||||
| Balance Check | |||||
| Total Liabilities & Equity | $1.21B | $1.35B | $1.47B | $1.56B | $1.82B |
| Total Debt | $495.10M | $577.41M | $608.84M | $714.97M | $772.74M |
| Net Debt | $473.32M | $522.34M | $584.10M | $706.26M | $769.44M |
| Metrics | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Core Operations | |||||
| Net Income | $49.72M | $69.39M | $62.86M | $90.04M | $60.15M |
| Depreciation & Amortization | $28.06M | $34.09M | $40.29M | $45.31M | $51.34M |
| Stock Based Compensation | $2.47M | $3.13M | $4.00M | $4.78M | $5.58M |
| Working Capital Changes | |||||
| Change in Accounts Receivable | $-740.00K | $-1.05M | $60.00K | $-784.00K | $-1.10M |
| Change in Inventory | - | - | - | - | - |
| Change in Accounts Payable | - | - | - | $-2.12M | $-471.00K |
| Other Working Capital Changes | $-12.93M | $-9.49M | $-6.34M | $-30.05M | $-8.44M |
| Total Working Capital Change | $-6.07M | $-25.08M | $-7.83M | $-32.96M | $-10.01M |
| Other Operating | |||||
| Other Non-Cash Items | $2.59M | $1.30M | $-12.51M | $-14.08M | $-2.24M |
| Net Cash from Operations | $76.77M | $82.83M | $86.82M | $93.09M | $105.30M |
| Investing Activities | |||||
| Capital Investments | |||||
| Capital Expenditures | - | - | - | - | $-309.00K |
| Purchase of Investments | - | - | - | $-164.91M | $-364.31M |
| Sale of Investments | - | - | - | $26.68M | $53.36M |
| Other Investing Activities | $-82.55M | $-127.42M | $-169.73M | $-823.00K | $-310.40M |
| Net Cash from Investing | $-82.55M | $-127.42M | $-169.73M | $-139.06M | $-310.71M |
| Financing Activities | |||||
| Debt & Equity | |||||
| Debt Repayment | $-175.54M | $-235.65M | $-140.65M | $-80.49M | $-64.66M |
| Stock Repurchases | $-115.00K | $-257.00K | $-730.00K | $-703.00K | $-1.00M |
| Dividends Paid | $-56.89M | $-62.63M | $-70.77M | $-78.26M | $-86.96M |
| Other Financing Activities | $199.10M | $313.33M | $172.18M | $190.42M | $-3.48M |
| Net Cash from Financing | $-19.30M | $77.98M | $52.32M | $30.76M | $199.44M |
| Cash Position | |||||
| Summary | |||||
| Net Change in Cash | $-25.08M | $33.39M | $-30.59M | $-15.21M | $-5.96M |
| Cash at Beginning of Period | $48.74M | $23.66M | $57.05M | $26.46M | $11.25M |
| Cash at End of Period | $23.66M | $57.05M | $26.46M | $11.25M | $5.29M |
| Key Metrics | |||||
| Operating Cash Flow | $76.77M | $82.83M | $86.82M | $93.09M | $105.30M |
| Capital Expenditure | $-14.00K | $-282.00K | $-271.00K | - | $-309.00K |
| Free Cash Flow | $76.76M | $82.55M | $86.55M | $93.09M | $104.99M |