Q4 annualized Perhaps completely ignored by the market is the fourth quarter blow out results. If we annualize fourth quarter we get ebitda of $2,538,740 for 2024 compared to $1,722,102 in 2023 or an increase of 47.4%. Of course, there is seasonality too but a large explanation is due to the recent acquisition/integration to help improve their margins.
fourth quarter highlights:
ebitda margins - 33.1%
ebitda - $ 634,685
24th consecutive positive ebitda quarter!
net income: $376,614 or ~ 59.3% of ebitda
If we annualize net income we get ~ $1.5 m for a market cap company of only $12.68m or a forward P/E of 8.45.