$11.86

+0.04 (+0.34%)

Weekly Expected Move ±5.6%

$10 $11 $11 $12 $13

NYSE · Real Estate · REIT - Office · Alpha Radar Sell · Power 32 · $175.7M mcap · 15M float · 1.37% daily turnover · Short 30% of daily vol

Revenue

$120M -15.6% ▼

5Y CAGR: -3.7%

Gross Profit

$11M -89.3% ▼

5Y CAGR: -38.1%

Operating Income

$35M +2.7% ▲

Net Income

-$145M -58.8% ▼

EPS (Diluted)

$-9.81 -58.7% ▼

EBITDA

-$95M -279.4% ▼

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$148M	$156M	$175M	$142M	$120M
YoY Growth	+47.1%	-26.7%	+12.0%	-18.7%	-15.6%
Cost of Revenue	$30M	$32M	$38M	$44M	$109M
Gross Profit	$118M	$124M	$137M	$99M	$11M
Gross Margin	79.7%	79.5%	78.4%	69.3%	8.8%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$10M	$18M	$22M	$8M	$7M
Operating Expenses	$69M	$81M	$97M	$64M	-$25M
Operating Income	$49M	$43M	$40M	$34M	$35M
Operating Margin	33.1%	27.6%	22.9%	24.2%	29.4%
Interest Expense	$32M	$27M	$43M	$68M	$13M
Income Before Tax	$3M	$16M	-$131M	-$94M	-$145M
Tax Expense	$2M	$486K	$425K	-$2M	$158K
Net Income	$1M	$16M	-$132M	-$91M	-$145M
Net Margin	1.0%	10.1%	-75.3%	-64.3%	-121.1%
EPS (Diluted)	$1.73	$1.11	$-9.00	$-6.18	$-9.81
EBITDA	$93M	$109M	-$7M	$53M	-$95M
Shares Outstanding	14M	14M	15M	15M	15M

Line Item	FY2024 Q2	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1
Revenue	$39M	$31M	$28M	$29M	$29M	$30M	$32M	$9M
Cost of Revenue	$11M	$11M	$11M	$10M	$10M	$8M	$82M	$7M
Gross Profit	$28M	$21M	$17M	$19M	$19M	$22M	-$50M	$2M
Gross Margin	70.7%	65.3%	60.1%	66.3%	65.8%	73.2%	-156.3%	25.2%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$2M	$2M	$2M	$2M	$2M	$2M	$2M	$0
Operating Expenses	$17M	$14M	$13M	$12M	$12M	$11M	-$59M	-$679K
Operating Income	$11M	$6M	$4M	$8M	$7M	$11M	$9M	$3M
Operating Margin	27.1%	20.2%	12.8%	26.8%	25.2%	37.5%	28.1%	32.4%
Interest Expense	$28M	$12M	$8M	$6M	$4M	$2M	$926K	$386K
Income Before Tax	$13M	-$40M	-$39M	$595K	-$81M	-$64M	-$71K	$25M
Tax Expense	$149K	$485K	-$3M	$82K	$100K	$30K	-$54K	$17K
Net Income	$12M	-$40M	-$36M	$492K	-$82M	-$64M	-$53K	$25M
Net Margin	31.9%	-128.0%	-129.0%	1.7%	-279.5%	-215.4%	-0.2%	267.2%
EPS (Diluted)	$0.84	$-2.73	$-2.42	$0.03	$-5.50	$-4.33	$-0.00	$1.69
EBITDA	$69M	-$11M	-$18M	$16M	$19M	-$53M	$7M	$28M
Shares Outstanding	15M	15M	15M	15M	15M	15M	15M	15M

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