PRE (PRE) financial statements
PRE reported revenue of $31M in fiscal 2024, down 17.2% a year over 4 years.
Net income was -$46M and the operating margin -157.2%, against -1.5% in 2020.
Free cash flow was -$30M.
The diluted share count rose 1322% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from PRE's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $65M | $13M | $13M | $22M | $31M |
| Cost of revenue | $39M | $9M | $10M | $13M | $15M |
| Gross profit | $26M | $4M | $4M | $9M | $15M |
| Research and development | $3M | $6M | $6M | $12M | $11M |
| Operating income | -$995,126 | -$57M | -$66M | -$52M | -$48M |
| Interest expense | $59,567 | $5M | $4M | — | — |
| Pre-tax income | -$4M | -$217M | -$226M | -$57M | -$58M |
| Income tax | -$2M | $3M | -$245,000 | -$269,000 | -$8M |
| Net income | -$2M | -$174M | -$190M | -$63M | -$46M |
| EPS (diluted) | -$2.25 | -$178.81 | -$37.57 | -$5.58 | -$3.71 |
| Diluted shares | 1M | 1M | 5M | 11M | 12M |
| Gross margin | 40.4% | 28.7% | 27.5% | 40.6% | 50.3% |
| Operating margin | -1.5% | -452.1% | -501.5% | -238.7% | -157.2% |
| Net margin | -3.0% | -1388.4% | -1446.8% | -288.5% | -151.2% |
Balance sheet
Fiscal years, from PRE's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Cash and short-term investments | $14M | $35M | $147M | $46M | $52M |
| Receivables | — | $55M | $53M | $18M | $17M |
| Inventory | — | $7M | $5M | $3M | $7M |
| Total current assets | — | $107M | $242M | $94M | $86M |
| Property, plant and equipment | — | $13M | $13M | $6M | $8M |
| Goodwill | $4M | $4M | $34M | $29M | $37M |
| Total assets | — | $149M | $312M | $254M | $214M |
| Total current liabilities | — | $59M | $57M | $39M | $37M |
| Total liabilities | — | $549M | $69M | $44M | $42M |
| Shareholders' equity | $31M | -$401M | $237M | $206M | $170M |
| Net debt | -$14M | -$35M | -$147M | -$46M | -$52M |
Cash flow
Fiscal years, from PRE's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Operating cash flow | -$3M | $13M | $15M | -$14M | -$29M |
| Capital spending | $3M | $11M | $6M | $912,000 | $1M |
| Free cash flow | -$6M | $2M | $8M | -$15M | -$30M |
| Stock-based compensation | $2M | $22M | $32M | $11M | $8M |
| Free cash flow margin | -9.1% | 16.0% | 62.1% | -67.5% | -97.8% |
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Open PRE in InvestinglyQuestions
What was PRE's revenue in 2024?
$31M in fiscal 2024, from its 10-K filing.
How much free cash flow does PRE generate?
-$30M in fiscal 2024 (operating cash flow minus capital spending).
From PRE's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.