€17.85 ($20.10)

-0.40 (-2.19%)

Weekly Expected Move ±1.9%

€17 €18 €18 €18 €19

MIL · Industrials · Industrial - Machinery · Tech Score Strong Sell · Power 41 · €93.3M mcap · 1M float · 0.069% daily turnover

Analysis Technicals Weather Peers

Revenue

$200M -9.7% ▼

5Y CAGR: +5.5%

Gross Profit

$11M -71.5% ▼

5Y CAGR: -24.4%

Operating Income

$13M +11.5% ▲

5Y CAGR: -8.6%

Net Income

$11M +3.5% ▲

5Y CAGR: -7.3%

EPS (Diluted)

$1.96 +5.9% ▲

5Y CAGR: -6.3%

EBITDA

$20M -11.0% ▼

5Y CAGR: -4.9%

View Full Income Statement

Line Item	FY2020	FY2021	FY2022	FY2023	FY2024
Revenue	$124M	$186M	$223M	$221M	$200M
YoY Growth	-18.4%	+49.5%	+20.2%	-1.0%	-9.7%
Cost of Revenue	$87M	$131M	$161M	$181M	$188M
Gross Profit	$37M	$55M	$62M	$40M	$11M
Gross Margin	29.9%	29.6%	27.9%	18.1%	5.7%
R&D Expenses	$526K	$446K	$387K	$277K	$173K
SG&A Expenses	$15M	$29M	$38M	$40M	$2M
Operating Expenses	$28M	$29M	$38M	$76M	$26M
Operating Income	$9M	$29M	$16M	$12M	$13M
Operating Margin	7.4%	15.5%	7.3%	5.4%	6.7%
Interest Expense	$1M	$1M	$3M	$975K	$600K
Income Before Tax	$9M	$31M	$18M	$15M	$15M
Tax Expense	$3M	$7M	$5M	$4M	$4M
Net Income	$6M	$24M	$12M	$10M	$11M
Net Margin	5.0%	13.0%	5.4%	4.7%	5.4%
EPS (Diluted)	$1.08	$4.25	$2.31	$1.85	$1.96
EBITDA	$17M	$26M	$26M	$22M	$20M
Shares Outstanding	6M	6M	5M	6M	6M

Line Item	FY2022 Q4	FY2023 Q2	FY2023 Q4	FY2024 Q2	FY2024 Q4	FY2025 Q2	FY2025 Q4	FY2026 Q2
Revenue	$107M	$121M	$101M	$108M	$91M	$106M	$99M	$117M
Cost of Revenue	$83M	$98M	$71M	$76M	$96M	$72M	$104M	$94M
Gross Profit	$24M	$22M	$29M	$33M	-$5M	$34M	-$6M	$24M
Gross Margin	22.1%	18.6%	29.2%	30.3%	-5.2%	31.9%	-5.8%	20.0%
R&D Expenses	$194K	$72K	$133K	$93K	$80K	$0	$0	$0
SG&A Expenses	$17M	$14M	$19M	$21M	$21M	$22M	-$8M	$16M
Operating Expenses	$18M	$14M	$42M	$21M	$21M	$22M	-$12M	$17M
Operating Income	$5M	$8M	$4M	$12M	-$246K	$12M	$6M	$7M
Operating Margin	5.0%	6.7%	3.9%	11.1%	-0.3%	11.1%	6.0%	5.8%
Interest Expense	$1M	$1M	-$173K	$677K	$581K	$792K	$867K	$730K
Income Before Tax	$6M	$10M	$3M	$11M	$4M	$23M	$780K	$7M
Tax Expense	$2M	$3M	$2M	$3M	$1M	$3M	$812K	$2M
Net Income	$6M	$9M	$1M	$8M	$3M	$20M	-$7K	$5M
Net Margin	5.5%	7.5%	1.4%	7.3%	3.1%	19.2%	-0.0%	4.2%
EPS (Diluted)	$1.04	$1.61	$0.24	$1.41	$0.50	$3.88	$-0.00	$0.95
EBITDA	$10M	$14M	$7M	$13M	$3M	$11M	$10M	$11M
Shares Outstanding	6M	6M	6M	6M	6M	5M	6M	5M

INDB.MI MIL