NIPG (NIPG) financial statements
NIPG reported revenue of $85M in fiscal 2024, up 13.8% a year over 2 years.
Net income was -$13M and the operating margin -19.8%, against -12.3% in 2022.
Free cash flow was -$17M.
The diluted share count rose 101% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from NIPG's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 |
|---|---|---|---|
| Revenue | $66M | $84M | $85M |
| Cost of revenue | $62M | $76M | $82M |
| Gross profit | $4M | $7M | $3M |
| Selling, general and admin | $12M | $22M | $20M |
| Operating income | -$8M | -$15M | -$17M |
| Interest expense | $365,630 | $523,317 | $537,479 |
| Pre-tax income | -$6M | -$14M | -$15M |
| Income tax | -$139,454 | -$1M | -$2M |
| Net income | -$6M | -$13M | -$13M |
| EPS (diluted) | -$0.90 | -$1.54 | -$0.69 |
| Diluted shares | 35M | 37M | 70M |
| Gross margin | 5.7% | 8.6% | 3.5% |
| Operating margin | -12.3% | -17.5% | -19.8% |
| Net margin | -9.4% | -15.8% | -14.9% |
Balance sheet
Fiscal years, from NIPG's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 |
|---|---|---|---|
| Cash and short-term investments | — | $8M | $13M |
| Receivables | — | $19M | $28M |
| Total current assets | — | $29M | $44M |
| Property, plant and equipment | — | $3M | $3M |
| Goodwill | — | $141M | $132M |
| Total assets | — | $314M | $313M |
| Total current liabilities | — | $29M | $40M |
| Long-term debt | — | $4M | $3M |
| Total liabilities | — | $61M | $70M |
| Shareholders' equity | -$24M | -$75M | $235M |
| Net debt | — | -$4M | -$6M |
Cash flow
Fiscal years, from NIPG's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 |
|---|---|---|---|
| Operating cash flow | -$10M | -$5M | -$17M |
| Capital spending | $764,994 | $95,923 | $714,009 |
| Free cash flow | -$10M | -$5M | -$17M |
| Stock-based compensation | $165,721 | $6M | — |
| Net borrowing | -$3M | -$6M | -$7M |
| Free cash flow margin | -15.8% | -6.3% | -20.2% |
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Open NIPG in InvestinglyQuestions
What was NIPG's revenue in 2024?
$85M in fiscal 2024, from its 10-K filing.
How much free cash flow does NIPG generate?
-$17M in fiscal 2024 (operating cash flow minus capital spending).
From NIPG's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.