OTCQX:HEOFF - Post by User
Post by
retiredcfon Oct 03, 2021 5:17pm
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Post# 33959151
Assessment
Assessment HEO reported FY2021 revenue of $144.3M, up 8% compared to FY2020. Gross profit margin came in at 27.7% for FY2021, improving from 26.9% in FY2020. HEO reported net earnings of $3.1M or $0.039 per share, compared to a loss in the previous fiscal year. Adj. EBITDA reached $14.6M or 10.1% of revenues for FY2021, compared to $12.5M or 9.4% of revenues for FY2020. Net debt position for the end of the year was $0.5M, compared to $10.5M at June 30, 2020. Q4 revenue decreased by 2.2% to $35.2M million on a year-over-year basis, while gross profit margin stood at $10M or 28.4% versus $10.6M or 29.5% in Q420. Management noted a decrease in the Specialty Products business pillar, which was compensated by the acquisitions of GUS and GMP, which contributed $3M to revenues this quarter. Q421 financial results were also impacted by freight delays which postponed revenue recognition. HEO missed on all metrics this quarter, which was viewed negatively by investors. But the company trades at 1.7x sales and 15x EBITDA so we would be fine overlooking this weak quarter.
So said 5iResearch. GLTA