Also trades as: ALRFG.PA (PAR) · $vol 0M

€5.00 ($5.60)

-0.14 (-2.72%)

Weekly Expected Move ±3.2%

€5 €5 €5 €5 €5

MIL · Consumer Cyclical · Leisure · Tech Score Neutral · Power 54 · €137.1M mcap · 13M float · 0.078% daily turnover

Analysis Technicals Weather Peers

Revenue

$73M +11.4% ▲

5Y CAGR: +16.7%

Gross Profit

$42M +4.8% ▲

5Y CAGR: +15.8%

Operating Income

$6M -14.4% ▼

5Y CAGR: +14.3%

Net Income

$5M -6.4% ▼

5Y CAGR: +32.0%

EPS (Diluted)

$0.20 -4.8% ▼

5Y CAGR: +28.5%

EBITDA

$10M -6.8% ▼

5Y CAGR: +14.8%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$47M	$59M	$63M	$66M	$73M
YoY Growth	+38.4%	+26.1%	+6.4%	+4.8%	+11.4%
Cost of Revenue	$19M	$22M	$24M	$26M	$31M
Gross Profit	$27M	$37M	$38M	$40M	$42M
Gross Margin	58.3%	62.5%	60.9%	61.0%	57.4%
R&D Expenses	$119K	$164K	$179K	$135K	$0
SG&A Expenses	$10M	$13M	$14M	$14M	$36M
Operating Expenses	$22M	$28M	$32M	$34M	$36M
Operating Income	$6M	$9M	$6M	$6M	$6M
Operating Margin	11.8%	15.0%	10.0%	9.9%	7.6%
Interest Expense	$857K	$668K	$583K	$765K	$1M
Income Before Tax	$5M	$9M	$6M	$7M	$6M
Tax Expense	$1M	$1M	$976K	$721K	$1M
Net Income	$4M	$8M	$5M	$6M	$5M
Net Margin	8.9%	12.8%	7.7%	8.8%	7.4%
EPS (Diluted)	$0.18	$0.32	$0.19	$0.21	$0.20
EBITDA	$8M	$12M	$9M	$11M	$10M
Shares Outstanding	24M	24M	26M	27M	27M

Line Item	FY2022 Q2	FY2022 Q4	FY2023 Q2	FY2023 Q4	FY2024 Q2	FY2024 Q4	FY2025 Q2	FY2025 Q4
Revenue	$34M	$25M	$37M	$25M	$38M	$28M	$39M	$34M
Cost of Revenue	$14M	$11M	$16M	$10M	$15M	$13M	$15M	$15M
Gross Profit	$20M	$14M	$22M	$15M	$23M	$15M	$24M	$19M
Gross Margin	59.3%	56.0%	58.2%	60.5%	60.9%	53.3%	61.9%	56.9%
R&D Expenses	$70K	$94K	$135K	$135K	$100K	$85K	$538K	$110K
SG&A Expenses	$12M	$14M	$15M	$14M	$15M	$16M	$17M	-$269K
Operating Expenses	$12M	$14M	$16M	$16M	$16M	$17M	$18M	$19M
Operating Income	$8M	$252K	$6M	$253K	$7M	-$959K	$6M	-$817K
Operating Margin	22.6%	1.0%	16.2%	1.0%	17.4%	-3.4%	16.1%	-2.4%
Interest Expense	$0	$353K	$445K	$137K	$824K	$353K	$1M	-$169K
Income Before Tax	$8M	$276K	$6M	-$359K	$7M	-$68K	$5M	$1M
Tax Expense	$2M	-$358K	$1M	$276K	$1M	-$473K	$1M	-$53K
Net Income	$7M	$613K	$5M	-$83K	$5M	$405K	$4M	$1M
Net Margin	20.7%	2.4%	13.1%	-0.3%	14.4%	1.4%	10.8%	3.5%
EPS (Diluted)	$0.29	$0.03	$0.19	$-0.00	$0.20	$0.01	$0.16	$0.04
EBITDA	$10M	$2M	$8M	$734K	$7M	$2M	$7M	$3M
Shares Outstanding	24M	24M	26M	26M	27M	27M	27M	28M

RFG.MI MIL