MAAS - Maase Inc.
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| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||
| Revenue | 1,185.3 | 114.4 | 188.7 | 191.2 | 129.5 | 203.2 | 165.8 | 155.7 |
| Cost of Revenue | 715.6 | 20.3 | 55.1 | 44.0 | 31.8 | 31.1 | 28.8 | 53.4 |
| Gross Profit | 469.7 | 94.2 | 133.7 | 147.2 | 97.7 | 172.1 | 137.0 | 102.3 |
| Operating Expenses | ||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 504.1 | 153.0 | 207.8 | 220.3 | 151.2 | 116.1 | 74.1 | 55.1 |
| Other Expenses | 426.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 930.5 | 153.0 | 207.8 | 220.3 | 151.2 | 116.1 | 74.1 | 55.1 |
| Operating Income | ||||||||
| Operating Income | (460.8) | (58.8) | (74.1) | (73.2) | (53.5) | 56.1 | 62.9 | 47.2 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 1.0 | 0 | 2.3 |
| Interest Income | 16.6 | 8.6 | 7.5 | 10.9 | 11.0 | 6.0 | 3.6 | 0.1 |
| Profitability | ||||||||
| EBITDA | 22.4 | (52.8) | (62.6) | (54.9) | (39.3) | 64.2 | 73.7 | 51.5 |
| EBIT | (36.8) | (57.1) | (69.1) | (68.5) | (48.4) | 62.5 | 71.9 | 49.8 |
| Income Before Tax | (499.1) | (35.0) | (61.6) | (55.7) | (35.9) | 61.4 | 71.9 | 47.5 |
| Income Tax Expense | 12.9 | 8.6 | (0.9) | (9.6) | (2.4) | 9.4 | 8.3 | 7.6 |
| Net Income | (289.7) | (43.6) | (60.7) | (46.4) | (32.9) | 53.5 | 64.6 | 37.8 |
| Per Share Data | ||||||||
| EPS (Basic) | -4.80 | -0.72 | -1.01 | -0.77 | -0.55 | 0.95 | 1.15 | 0.67 |
| EPS (Diluted) | -4.80 | -0.72 | -1.01 | -0.77 | -0.55 | 0.95 | 1.15 | 0.67 |
| Shares Outstanding | 60.3 | 60.3 | 60.3 | 60.3 | 60.3 | 56.7 | 56.0 | 56.0 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||
| Cash & Cash Equivalents | 295.7 | 164.5 | 194.3 | 260.6 | 285.9 | 378.4 | 103.2 | 55.2 |
| Short-Term Investments | 583.9 | 0 | 5 | 0 | 4 | 2 | 15.7 | 14.2 |
| Net Receivables | 1,394.5 | 57.6 | 62.4 | 56.7 | 94.5 | 28.8 | 81.5 | 109.3 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 96.7 | 6.4 | 118.8 | 72.2 | 3.0 | 51.8 | 8.8 | 1.8 |
| Total Current Assets | 2,385.3 | 231.0 | 394.8 | 403.3 | 393.2 | 467.1 | 214.6 | 185.1 |
| Non-Current Assets | ||||||||
| Property, Plant & Equipment | 209.0 | 15.2 | 43.5 | 41.3 | 26.9 | 4.0 | 0.9 | 1.0 |
| Goodwill | 243.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 417.6 | 1.8 | 1.1 | 1.6 | 0.4 | 0.7 | 0.7 | 1.5 |
| Long-Term Investments | 8.6 | 0 | 0 | 0 | 0 | 2 | 5 | 0 |
| Other Non-Current Assets | 979.0 | 0.0 | 0.6 | 0.0 | 1.3 | 0.4 | 0.5 | 0 |
| Total Non-Current Assets | 1,892.6 | 33.5 | 69.2 | 64.6 | 39.5 | 12.3 | 11.3 | 6.5 |
| Total Assets | 4,277.9 | 264.5 | 463.9 | 467.9 | 432.7 | 479.4 | 225.9 | 191.7 |
| Current Liabilities | ||||||||
| Account Payables | 194.4 | 6.3 | 11.7 | 12.3 | 9.0 | 5.9 | 3.7 | 0 |
| Short-Term Debt | 98.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0.8 | 0 | 72.2 | 0.4 | 0.2 | 0 | 1.5 |
| Other Current Liabilities | 10.5 | 0 | 118.8 | 0 | 3.0 | 51.8 | 8.8 | 1.8 |
| Total Current Liabilities | 851.0 | 24.1 | 167.1 | 130.3 | 47.5 | 75.8 | 32.2 | 33.1 |
| Non-Current Liabilities | ||||||||
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 237.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 487.2 | 13.8 | 13.5 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Liabilities | 787.2 | 23.4 | 36.8 | 17.3 | 14.7 | 0 | 0 | 0 |
| Total Liabilities | 1,638.2 | 47.5 | 203.9 | 147.6 | 62.2 | 75.8 | 32.2 | 33.1 |
| Stockholders' Equity | ||||||||
| Common Stock | 2.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.5 | 0.5 |
| Retained Earnings | (321.3) | (31.5) | 11.8 | 72.7 | 120.3 | 155.3 | 107.4 | 48.6 |
| Accumulated Other Comprehensive Income | 20.8 | 23.2 | 22.9 | 22.3 | 22.3 | 19.8 | 14.2 | 8.3 |
| Total Stockholders' Equity | 1,285.1 | 217.0 | 260.1 | 320.3 | 368.0 | 400.4 | 184.8 | 148.7 |
| Total Liabilities & Equity | 4,277.9 | 264.5 | 463.9 | 467.9 | 432.7 | 479.4 | 225.9 | 191.7 |
| Debt Metrics | ||||||||
| Total Debt | 215.6 | 14.5 | 35.1 | 31.0 | 22.1 | 0 | 0 | 0 |
| Net Debt | (80.1) | (150.0) | (159.1) | (229.6) | (263.8) | (378.4) | (103.2) | (55.2) |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | (512.1) | (43.6) | (60.7) | (46.1) | (33.6) | 52.0 | 63.6 | 39.6 |
| Depreciation & Amortization | 59.2 | 4.4 | 6.4 | 13.6 | 9.1 | 1.7 | 1.9 | 1.7 |
| Stock-Based Compensation | 23.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | (49.8) | (0.2) | (21.4) | 26.3 | (69.0) | 45.4 | (11.8) | (75.5) |
| Other Non-Cash Items | 530.5 | (1.9) | 14.3 | 0.3 | 2.5 | (2.6) | (8.8) | 9.1 |
| Operating Cash Flow | 57.7 | (25.4) | (56.2) | (2.8) | (88.7) | 98.0 | 44.9 | (23.1) |
| Investing Activities | ||||||||
| Capital Expenditure | (4.3) | (1.9) | (5.6) | (9.0) | (3.6) | (4.8) | (1.4) | (0.7) |
| Acquisitions | 589.2 | (7.9) | 0 | 4.2 | 0 | (3.3) | (26.4) | 56.0 |
| Purchases of Investments | (1,746.0) | 0 | (5) | 0 | (40) | (0.3) | (1,099.9) | (195.4) |
| Sales/Maturities of Investments | 2,088.1 | 4.8 | 0 | 2.7 | 41.2 | 19.9 | 1,100.6 | 223.7 |
| Other Investing Activities | (692.8) | (1.0) | (0.9) | 49.6 | (51.5) | 50.6 | 36.3 | (62.5) |
| Investing Cash Flow | 234.2 | (5.0) | (10.6) | 48.0 | (53.1) | 62.5 | 10.0 | 21.1 |
| Financing Activities | ||||||||
| Net Debt Issuance | (65.9) | 0 | 0 | 0 | 0 | (1.0) | 0 | (56.2) |
| Stock Repurchased | (10.0) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (55.9) | 0 | 0 | 0 | 0 | (7.0) | 0 | 30 |
| Financing Cash Flow | (86.8) | 0 | 0 | 0 | 0 | 155.3 | 0 | (26.2) |
| Cash Position | ||||||||
| Net Change in Cash | 205.9 | (29.8) | (66.3) | 43.9 | (141.4) | 318.3 | 55.0 | (28.2) |
| Cash at Beginning | 164.5 | 194.3 | 260.6 | 288.9 | 430.3 | 112 | 57.0 | 85.2 |
| Cash at End | 370.4 | 164.5 | 194.3 | 332.8 | 288.9 | 430.3 | 112 | 57.0 |
| Free Cash Flow | 53.4 | (27.2) | (61.8) | (11.9) | (92.4) | 93.2 | 43.5 | (23.8) |
| Key Metrics | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 1,185.3 | 114.4 | 188.7 | 191.2 | 129.5 | 203.2 | 165.8 | 155.7 |
| Gross Profit | 469.7 | 94.2 | 133.7 | 147.2 | 97.7 | 172.1 | 137.0 | 102.3 |
| Operating Income | (460.8) | (58.8) | (74.1) | (73.2) | (53.5) | 56.1 | 62.9 | 47.2 |
| Net Income | (289.7) | (43.6) | (60.7) | (46.4) | (32.9) | 53.5 | 64.6 | 37.8 |
| EPS (Diluted) | -4.80 | -0.72 | -1.01 | -0.77 | -0.55 | 0.95 | 1.15 | 0.67 |
| Balance Sheet | ||||||||
| Cash & Equivalents | 295.7 | 164.5 | 194.3 | 260.6 | 285.9 | 378.4 | 103.2 | 55.2 |
| Total Assets | 4,277.9 | 264.5 | 463.9 | 467.9 | 432.7 | 479.4 | 225.9 | 191.7 |
| Total Debt | 215.6 | 14.5 | 35.1 | 31.0 | 22.1 | 0 | 0 | 0 |
| Stockholders' Equity | 1,285.1 | 217.0 | 260.1 | 320.3 | 368.0 | 400.4 | 184.8 | 148.7 |
| Cash Flow | ||||||||
| Operating Cash Flow | 57.7 | (25.4) | (56.2) | (2.8) | (88.7) | 98.0 | 44.9 | (23.1) |
| Capital Expenditure | (4.3) | (1.9) | (5.6) | (9.0) | (3.6) | (4.8) | (1.4) | (0.7) |
| Free Cash Flow | 53.4 | (27.2) | (61.8) | (11.9) | (92.4) | 93.2 | 43.5 | (23.8) |