← Perma-Pipe International Holdings, Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | — | — | ($550k) |
$3.6m
+750.18%
|
($7.6m)
-313.70%
|
$6.1m
+179.32%
|
$5.9m
-1.93%
|
$13.2m
+122.22%
|
$13.1m
-0.91%
|
$20.6m
+57.73%
|
$17.4m
-15.81%
|
|
| Depreciation and amortization | $5.5m | $5.0m | $4.6m | $4.4m | $4.7m | $4.3m | $3.6m | $3.8m | $3.6m | $4.9m | $5.6m | |
| Deferred tax expense | — | — | — | ($213k) | ($669k) | ($195k) | $479k | ($6.9m) | $1.6m | $1.1m | — | |
| Stock-based compensation expense | $389k | $1.4m | $1.2m | $1.0m | $1.0m | $1.1m | $1.0m | $913k | $860k | $2.5m | $2.5m | |
| Accounts receivable | $13.7m | ($1.1m) | ($354k) | $1.7m | $3.4m | ($21.3m) | ($3.2m) | ($4.9m) | $2.5m | ($22.6m) | ($13.3m) | |
| Unbilled accounts receivable | — | — | — | — | $247k | ($351k) | ($9.8m) | ($5.1m) | ($3.0m) | ($9.9m) | — | |
| Inventories | $5.5m | ($3.3m) | $4.4m | ($2.2m) | $2.4m | ($1.6m) | ($1.5m) | ($830k) | ($1.8m) | ($1.4m) | ($3.6m) | |
| Accounts payable | ($1.9m) | $4.6m | ($3.6m) | ($2.6m) | $730k | $3.2m | $1.1m | $8.8m | ($1.2m) | $481k | $4.6m | |
| Accrued compensation and payroll taxes | ($9.2m) | ($1.8m) | $1.2m | ($576k) | ($1.6m) | $2.1m | $65k | ($1.1m) | $1.5m | $772k | — | |
| Prepaid expenses and other current assets | ($997k) | ($471k) | ($700k) | $1.7m | ($2.7m) | ($2.2m) | ($123k) | ($2.8m) | ($447k) | $3.2m | — | |
| Other assets and liabilities | ($5.0m) | $762k | $508k | ($143k) | $2.5m | $2.1m | $454k | $8.3m | ($2.4m) | ($85k) | — | |
| Net cash provided by operating activities | ($4.2m) |
($1.8m)
+56.46%
|
$5.0m
+370.25%
|
$4.1m
-17.84%
|
$165k
-95.97%
|
($2.6m)
-1660.00%
|
($1.2m)
+51.79%
|
$14.7m
+1287.03%
|
$13.9m
-5.45%
|
$9.2m
-34.17%
|
$14.5m
+58.64%
|
|
| Capital expenditures | ($2.3m) | ($2.5m) | ($1.4m) | ($1.9m) | ($2.0m) | ($2.3m) | ($7.0m) | ($11.1m) | ($2.9m) | ($10.4m) | ($10.8m) | |
| Proceeds from sales of property and equipment | $4.4m | $1k | — | — | $2k | $9k | $94k | $3k | $27k | $17k | — | |
| Net cash used in investing activities | $10.2m | ($2.4m) | ($1.4m) | ($1.9m) | ($2.0m) | ($2.3m) | ($6.4m) | ($11.1m) | ($2.8m) | ($10.4m) | ($10.8m) | |
| Payments of debt on revolving lines | ($49.3m) | ($37.4m) | ($62.8m) | ($73.0m) | ($43.2m) | ($22.6m) | ($91.4m) | ($157.0m) | ($76.5m) | ($84.2m) | — | |
| Payments of debt on mortgage | — | — | — | — | $0 | ($892k) | $0 | — | ($360k) | ($222k) | — | |
| Net cash provided by (used in) financing activities | ($14.9m) |
$3.5m
+123.12%
|
$1.1m
-67.19%
|
($301k)
-126.54%
|
($4.1m)
-1276.74%
|
$6.2m
+250.41%
|
$4.5m
-27.11%
|
($3.3m)
-171.67%
|
($907k)
+72.14%
|
$6.6m
+826.13%
|
$8.2m
+24.08%
|
|
| Cash, cash equivalents and restricted cash - beginning of period | $19.0m | $8.7m | $12.7m | $14.7m | $8.4m | $9.8m | $6.8m | $7.2m | $17.1m | $22.3m | — | |
| Net increase in cash, cash equivalents and restricted cash | ($10.3m) | ($380k) | $4.4m | $1.9m | ($6.3m) | $1.4m | ($3.0m) | $447k | $9.9m | $5.2m | — | |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | ($70k) | $395k | ($335k) | $34k | ($343k) | ($10k) | $102k | $70k | ($296k) | ($154k) | ($381k) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Provision on uncollectible accounts | $657k | $15k | $71k | $101k | $72k | $20k | $142k | $89k | $4k | $880k | — | |
| (Gain) loss on disposal of fixed assets | ($292k) | $219k | $46k | $318k | $58k | $41k | $43k | ($6k) | $292k | ($16k) | — | |
| Customers' deposits | ($2.3m) | $2.6m | ($1.5m) | ($1.5m) | ($117k) | $990k | ($336k) | $2.3m | ($1.6m) | $9.3m | — | |
| Income tax receivable | — | — | — | — | — | — | — | — | $0 | $15k | — | |
| Costs and estimated earnings in excess of billings on uncompleted contracts | $296k | $1.5m | ($547k) | ($910k) | ($2.3m) | $2.2m | ($351k) | ($1.2m) | $916k | ($1.7m) | — | |
| Billings in excess of costs and estimated earnings on uncompleted contracts | $296k | $1.5m | ($547k) | ($910k) | ($2.3m) | $2.2m | ($351k) | ($1.2m) | $753k | $904k | — | |
| Proceeds from revolving lines | $40.0m | $40.5m | $64.7m | $73.2m | $40.0m | $23.1m | $96.9m | $155.7m | $76.3m | $91.9m | — | |
| Payments of principal on finance obligation | — | — | — | — | ($432k) | ($375k) | ($338k) | ($118k) | ($360k) | ($229k) | — | |
| Increase (decrease) in drafts payable | ($323k) | $34k | $192k | ($129k) | $0 | $58k | $42k | ($197k) | $46k | ($17k) | — | |
| Payments on finance lease obligations, net | — | — | — | — | — | — | ($338k) | ($193k) | ($31k) | ($84k) | — | |
| Stock options exercised and taxes paid related to restricted shares vested | $1.4m | ($214k) | $511k | $221k | ($191k) | ($210k) | ($206k) | ($273k) | ($179k) | ($509k) | — | |
| Interest paid | $773k | $804k | $1.3m | $902k | $540k | $791k | $2.0m | $2.3m | $1.9m | $1.8m | $1.9m | |
| Income taxes paid | $1.4m | $1.1m | $1.7m | $2.1m | $107k | $1.3m | $2.5m | $3.3m | $3.7m | $4.1m | — | |
| Fixed assets acquired under financing leases - non-cash | — | — | — | $848k | — | — | — | $139k | $0 | $711k | — | |
| Fixed assets acquired - non-cash | $8k | $841k | — | — | — | — | $0 | $139k | $21k | $257k | — |