MERIDIAN HOLDINGS INC./NV
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $182.9M | $151.1M | $93.0M | $36.0M | $11.3M | $452.8K | $0 | $120.0K |
| Cost of Revenue | $79.4M | $62.5M | $24.8M | $26.9M | $7.0M | $22.0K | $72.0K | $50.0K |
| Gross Profit | $103.5M | $88.6M | $68.2M | $9.2M | $3.2M | $2.9M | $843.8K | $70.0K |
| Gross Margin | 56.6% | 58.6% | 73.4% | 25.4% | 28.6% | 631.7% | — | 58.3% |
| Operating Expenses | ||||||||
| Research & Development | $7.1M | $6.1M | — | $23.1K | $47.6K | $0 | $0 | — |
| SG&A Expense | $199.6M | $85.8M | $54.5M | $6.1M | $566.6K | — | $186.0K | $385 |
| Operating Income | $-96.2M | $2.7M | $13.8M | $192.5K | $399.3K | $1.8M | $-990.9K | $-250.4K |
| Operating Margin | -52.6% | 1.8% | 14.8% | 0.5% | 3.5% | 400.3% | — | -208.7% |
| Interest Expense | $4.6M | $3.5M | $36.2K | $0 | $11.9K | $45.4K | $162.0K | $413.7K |
| Pretax Income | $-97.2M | $1.2M | $15.5M | $463.1K | $398.1K | — | — | — |
| Income Tax Expense | $-5.2M | $2.6M | $1.6M | $419.0K | $0 | — | — | — |
| Net Income | $-92.0M | $-1.4M | $13.7M | $44.0K | $398.1K | $1.8M | $-1.3M | $1.8M |
| Net Margin | -50.3% | -0.9% | 14.7% | 0.1% | 3.5% | 390.9% | — | 1,500.9% |
| EPS (Basic) | $-7.76 | $-0.16 | $0.16 | $0.00 | $0.01 | $0.03 | $-0.01 | $0.00 |
| EPS (Diluted) | $-7.76 | $-0.16 | $0.16 | $0.00 | $0.00 | $0.02 | $-0.01 | $0.00 |
| Shares Outstanding (Basic) | 11.6M | 9.5M | 83.5M | 84.1M | 59.9M | 8.44B | 13.91B | 597.9M |
| Shares Outstanding (Diluted) | 11.6M | 9.5M | 83.5M | 84.1M | 94.8M | 12.42B | 13.91B | 21.62B |
| Dividends Per Share | — | — | — | — | — | — | — | — |