The company has a significant overhang from convertible notes and a large, newly established ATM program. The recent doubling of authorized shares provides substantial capacity for future offerings, posing a high risk of dilution to current shareholders.
| Income StatementIncome | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Period | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2024/12/31 | 2023/12/31 | 2022/12/31 | 2021/12/31 | 2020/12/31 | 2019/12/31 | 2018/12/31 | 2017/12/31 | 2016/12/31 | 2015/12/31 |
| Revenue | 4,637.2 | 4,812.6 | 3,911.4 | 2,527.9 | 1,242.4 | 5,471.0 | 5,460.8 | 5,079.2 | 3,235.8 | 2,946.9 |
| YoY Growth | -3.6% | 23.0% | 54.7% | 103.5% | -77.3% | 0.2% | 7.5% | 57.0% | 9.8% | - |
| Cost of Revenue | 1,544.8 | 1,606.4 | 1,280.3 | 745.6 | 411.5 | 1,977.8 | 1,981.1 | 1,856.4 | 1,231.7 | 1,150.0 |
| Gross Profit | 3,092.4 | 3,206.2 | 2,631.1 | 1,782.3 | 830.9 | 3,493.2 | 3,479.7 | 3,222.8 | 2,004.2 | 1,796.9 |
| Gross Margin | 66.7% | 66.6% | 67.3% | 70.5% | 66.9% | 63.8% | 63.7% | 63.5% | 61.9% | 61.0% |
| Research and Development | - | - | - | - | - | - | - | - | - | - |
| Selling, General, and Admin | 1,100.4 | 1,115.4 | 1,093.8 | 1,054.6 | 1,040.8 | 1,120.8 | 977.1 | 927.8 | 589.2 | 526.0 |
| Other | 2,071.3 | 2,165.1 | 2,059.6 | 1,657.7 | 3,892.8 | 2,236.4 | 108.1 | 1.7 | 0.4 | (10.7) |
| Total Operating Expenses | 3,171.7 | 3,280.5 | 3,153.4 | 2,712.3 | 4,933.6 | 3,357.2 | 3,169.6 | 3,014.4 | 1,730.9 | 1,554.7 |
| Operating Income (EBIT) | (79.3) | (74.3) | (522.3) | (930.0) | (4,102.7) | 136.0 | 265.0 | 101.8 | 219.9 | 237.1 |
| Operating Margin | -1.7% | -1.5% | -13.4% | -36.8% | -330.2% | 2.5% | 4.9% | 2.0% | 6.8% | 8.0% |
| Interest Expense | 443.7 | 411.2 | 378.7 | 458.1 | 356.9 | 340.8 | - | - | 121.5 | 106.1 |
| Interest Income | - | - | - | 9.2 | - | - | 294.6 | 251.4 | - | 0.0 |
| Other Income or Expenses | (271.2) | (318.9) | (448.8) | (350.0) | (426.8) | (307.6) | (141.3) | (435.1) | (63.2) | (83.6) |
| Income Before Tax (EBT) | (350.5) | (393.2) | (971.1) | (1,280.0) | (4,529.5) | (171.6) | 123.7 | (333.1) | 156.6 | 163.5 |
| Income Tax Expense | 2.1 | 3.4 | 2.5 | (10.2) | 59.9 | (22.5) | 13.6 | 154.1 | 40.7 | 59.7 |
| Net Income | (352.6) | (396.6) | (973.6) | (1,269.1) | (4,589.1) | (149.1) | 110.1 | (487.2) | 115.9 | 103.9 |
| Net Income Margin | -7.6% | -8.2% | -24.9% | -50.2% | -369.4% | -2.7% | 2.0% | -9.6% | 3.6% | 3.5% |
| Supplementary Data | ||||||||||
| EPS | (1.06) | (2.09) | (7.43) | (11.57) | (172.78) | (12.71) | 8.59 | (33.53) | 9.97 | 9.36 |
| Diluted EPS | (1.06) | (2.37) | (7.43) | (23.47) | (172.74) | (12.67) | 7.47 | (33.52) | 9.97 | 9.35 |
| Weighted Average OS | 332,920,000 | 189,437,720 | 131,033,781 | 109,745,379 | 26,562,702 | 11,734,706 | 12,819,242 | 14,530,531 | 11,202,936 | 11,108,855 |