Page: Company Financials
PROOF Acquisition Corp I
$14.50
-3.52 (-19.53%)
As of: 2023-12-01
Master Data Export
Enterprise Value
| Metric | MRQ | MRQ-1 | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|---|
| Stock Price | 14.50 | 14.50 | 14.50 | 14.50 | 11.56 | 9.99 | 9.80 |
| Market Capitalization | 73.07M | 37.60M | 45.89M | 325.00M | 135.06M | 344.74M | 319.32M |
| (-) Cash & Equivalents | 4.35M | 4.71M | 3.88M | 5.36M | 5.38M | 1.74M | 0.86M |
| (+) Total Debt | 3.20M | 1.62M | 3.29M | 19.63M | 20.08M | 0.00M | 0.00M |
| Enterprise Value | 71.92M | 34.51M | 45.31M | 339.26M | 149.75M | 343.00M | 318.46M |
Income Statement
| Metric | TTM | TTM-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 28M | 142M | 46M | 73M | 97M | 1M |
| Cost of Revenue | 11M | 152M | 39M | 82M | 94M | 1M |
| Gross Profit | 17M | -10M | 7M | -9M | 2M | 0M |
| Gross Profit Margin | 60.3% | -6.9% | 16.2% | -11.8% | 2.5% | 19.2% |
| R&D Expenses | 0M | 0M | 0M | 0M | 0M | 0M |
| SG&A Expenses | 38M | 51M | 17M | 29M | 12M | 2M |
| Operating Expenses | -2M | 51M | 17M | 29M | 12M | 2M |
| Operating Income (EBIT) | 19M | -61M | -9M | -38M | -9M | -2M |
| Operating Income Margin | 65.9% | -43.1% | -20.2% | -51.1% | -9.5% | -207.9% |
| Interest Income | 0M | 0M | 0M | 0M | 0M | 0M |
| Interest Expense | -16M | 9M | -7M | 3M | 1M | 0M |
| Net Interest Income | 16M | -9M | 7M | -3M | -1M | 0M |
| Unusual Items | -16M | -76M | -21M | -12M | 1M | 1M |
| EBT Excluding Unusual Items | 35M | -70M | -2M | -41M | -10M | -2M |
| Pre-Tax Income | 19M | -146M | -22M | -53M | -9M | -2M |
| Pre-Tax Margin | 67.3% | -102.7% | -48.5% | -72.0% | -9.7% | -142.7% |
| Income Tax Expense | 1M | -3M | -1M | 0M | 0M | 0M |
| Net Income | 77M | -93M | -41M | -53M | -9M | -1M |
| Net Income Margin | 271.4% | -65.6% | -87.8% | -72.0% | -9.7% | -139.5% |
| Depreciation & Amortization | -1M | 1M | 0M | 0M | 0M | 0M |
| EBITDA | 18M | -60M | -9M | -37M | -9M | -2M |
| EBITDA Margin | 63.3% | -42.6% | -20.2% | -50.5% | -9.3% | -205.4% |
| NOPAT | 18M | -48M | -7M | -30M | -7M | -2M |
| NOPAT Margin | 63.1% | -34.1% | -16.0% | -40.4% | -7.5% | -164.2% |
| Owner's Earnings | 76M | -93M | -41M | -53M | -9M | -16M |
| Owner's Earnings Margin | 266.2% | -65.5% | -87.8% | -72.2% | -9.8% | -1,528.3% |
| EPS (Basic) | -16.66 | -4.86 | -24.42 | -3.46 | -0.83 | -0.24 |
| EPS (Diluted) | 2.25 | -3.60 | -2.44 | -3.46 | -0.83 | -0.24 |
| Shares (Basic) | 3M | 26M | 2M | 15M | 11M | 6M |
| Shares (Diluted) | 34M | 26M | 17M | 15M | 11M | 6M |
Balance Sheet
| Metric | MRQ | MRQ-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | 4.35M | 4.71M | 2.16M | 14.49M | 5.78M | 1.61M |
| Short-Term Investments | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Cash & Short-Term Investments | 4.35M | 4.71M | 2.16M | 14.49M | 5.78M | 1.61M |
| Net Receivables | 1.93M | 1.87M | 0.00M | 2.99M | 1.88M | 0.42M |
| Inventory | 0.00M | 0.00M | 0.00M | 25.13M | 0.00M | 0.00M |
| Other Current Assets | 5.05M | 4.11M | 41.15M | 3.90M | 3.04M | 2.08M |
| Total Current Assets | 11.33M | 10.69M | 43.31M | 46.50M | 10.70M | 4.11M |
| Property, Plant & Equipment | 0.48M | 0.57M | 0.85M | 2.12M | 1.92M | 10.50M |
| Goodwill | 0.00M | 0.00M | 0.64M | 0.64M | 0.64M | 0.00M |
| Intangible Assets | 0.00M | 0.00M | 1.20M | 1.39M | 1.62M | 0.16M |
| Long-Term Investments | 0.00M | 0.00M | 0.00M | 0.15M | 1.16M | 0.16M |
| Tax Assets | 0.00M | 0.00M | 0.00M | 18.67M | 12.12M | 0.00M |
| Other Non-Current Assets | 1.78M | 1.79M | 0.30M | 20.91M | 14.23M | 0.06M |
| Other Assets | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Total Non-Current Assets | 2.26M | 2.36M | 2.99M | 43.89M | 31.68M | 10.88M |
| Total Assets | 13.59M | 13.05M | 46.30M | 90.39M | 42.38M | 14.99M |
| Accounts Payable | 0.00M | 0.00M | 0.00M | 9.86M | 3.66M | 0.52M |
| Short-Term Debt | 3.11M | 1.52M | 4.09M | 20.67M | 24.33M | 6.00M |
| Tax Payables | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Deferred Revenue | 1.91M | 6.84M | 11.54M | 12.86M | 2.16M | 0.55M |
| Other Current Liabilities | 4.37M | 11.65M | 46.57M | 0.00M | 0.00M | 0.02M |
| Total Current Liabilities | 9.39M | 20.01M | 62.20M | 43.39M | 30.16M | 7.08M |
| Long-Term Debt | 0.10M | 0.11M | 0.13M | 9.02M | 5.46M | 0.00M |
| Capital Lease Obligations | 0.14M | 0.15M | 0.17M | 1.29M | 1.57M | 0.00M |
| Deferred Tax Liabilities | 0.00M | 0.00M | 0.31M | 0.31M | 0.31M | 0.00M |
| Other Non-Current Liabilities | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | -9.66M |
| Total Non-Current Liabilities | 0.23M | 0.26M | 0.60M | 10.62M | 7.34M | -9.66M |
| Total Liabilities | 9.62M | 20.26M | 62.80M | 54.00M | 37.50M | -2.58M |
| Preferred Stock | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Common Stock | 0.01M | 0.01M | 0.01M | 0.00M | 0.00M | 0.01M |
| Retained Earnings | -93.11M | -100.25M | -104.31M | -63.66M | -10.84M | -1.47M |
| Accumulated OCI | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Minority Interest | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 4.30M |
| Total Shareholders’ Equity | -93.10M | -100.25M | -104.30M | -63.66M | -10.84M | -1.46M |
| Total Equity | -93.10M | -100.25M | -104.30M | -63.66M | -10.84M | 2.84M |
| Total Liabilities & Equity | -83.48M | -79.99M | -41.50M | -9.66M | 26.66M | 0.26M |
| Tangible Assets | 13.59M | 13.05M | 44.46M | 88.36M | 40.13M | 14.83M |
| Tangible Equity | -93.10M | -100.25M | -106.14M | -65.69M | -13.09M | 2.67M |
| Tangible Book Value | -93.10M | -100.25M | -106.14M | -65.69M | -13.09M | 2.67M |
| Total Investments | 0.00M | 0.00M | 0.00M | 0.15M | 1.16M | 0.16M |
| Net Debt | -1.15M | -3.09M | 2.06M | 15.20M | 24.02M | 4.39M |
Capital Metrics
| Metric | MRQ | MRQ-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|---|
| Working Capital | 1.9M | -9.3M | -18.9M | -1.1M | -19.5M | -3.0M |
| Total Capital | 7.3M | -5.4M | -12.1M | 44.4M | 24.1M | 9.6M |
| Capital Employed | 4.2M | -7.0M | -15.9M | 24.1M | 0.1M | 7.9M |
| Invested Capital | 3.0M | -10.1M | -14.3M | 30.0M | 18.3M | 8.0M |
Cash Flow Statement
| Metric | TTM | TTM-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|---|
| Net Income | 72.15M | -69.23M | -21.93M | -52.82M | -9.37M | -1.51M |
| Depreciation & Amortization | -0.17M | 0.76M | 0.38M | 0.50M | 0.16M | 0.03M |
| Deferred Income Tax | -0.01M | 0.01M | 0.00M | 12.11M | -0.08M | 0.00M |
| Stock-Based Compensation | 0.55M | 0.18M | 0.21M | 0.18M | 0.02M | 0.00M |
| Change in Working Capital | -29.93M | 6.65M | 0.00M | 9.46M | -11.67M | -1.39M |
| Accounts Receivable | -0.56M | 0.32M | 0.44M | -1.11M | -2.22M | -0.42M |
| Inventory | 0.00M | 0.00M | 0.00M | -5.78M | -12.99M | -2.12M |
| Accounts Payable | -3.72M | 2.98M | 2.63M | 5.66M | 2.22M | 0.61M |
| Other Working Capital | -31.26M | 12.01M | 0.00M | 10.69M | 1.32M | 0.55M |
| Other Non-Cash Items | -22.55M | 13.04M | 4.42M | 17.96M | -0.49M | -0.75M |
| Net Cash from Operating Activities | 20.04M | -39.49M | -16.92M | -30.39M | -21.43M | -3.61M |
| Capital Expenditures (PPE) | 0.75M | -0.64M | 0.00M | -0.64M | -0.26M | -14.69M |
| Acquisitions (Net) | 0.00M | 0.00M | 0.00M | 2.41M | 5.40M | 2.88M |
| Purchases of Investments | 1.53M | -1.53M | 0.00M | -2.33M | 0.00M | -281.52M |
| Sales / Maturities of Investments | 218.22M | -218.22M | 0.00M | 4.74M | 6.58M | 2.88M |
| Other Investing Activities | -0.15M | -0.15M | -0.12M | -2.41M | -6.58M | 278.65M |
| Net Cash from Investing Activities | 220.34M | -220.53M | -0.12M | 1.78M | 5.15M | -11.81M |
| Net Debt Issuance | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Long-Term Debt Issuance | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Short-Term Debt Issuance | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Net Stock Issuance | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Common Stock Issuance | -24.26M | 24.23M | 0.00M | 24.23M | 0.00M | 0.02M |
| Common Stock Repurchased | -221.00M | 221.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Preferred Stock Issuance | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Net Dividends Paid | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Common Dividends Paid | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Preferred Dividends Paid | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Other Financing Activities | -249.32M | 258.59M | 4.31M | 37.46M | 22.56M | 17.03M |
| Net Cash from Financing Activities | -249.32M | 258.59M | 4.31M | 37.46M | 22.56M | 17.03M |
| Effect of FX on Cash | -4.30M | 4.30M | 0.00M | 0.00M | 0.00M | 0.00M |
| Net Change in Cash | -2.54M | 2.87M | -12.72M | 8.84M | 6.27M | 1.61M |
| Cash at Beginning of Period | 18.53M | 32.75M | 16.72M | 7.88M | 1.61M | 0.00M |
| Cash at End of Period | 11.28M | 35.62M | 4.00M | 16.72M | 7.88M | 1.61M |
| Operating Cash Flow | 20.04M | -39.49M | -16.92M | -30.39M | -21.43M | -3.61M |
| Capital Expenditure | 0.75M | -0.64M | 0.00M | -0.64M | -0.26M | -14.69M |
| Free Cash Flow | 20.79M | -40.13M | -16.92M | -31.03M | -21.69M | -18.30M |
Free Cash Flow
| Metric | TTM | TTM-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|---|
| EBITDA | -21.22M | -60.43M | -9.37M | -37.01M | -9.02M | -2.14M |
| (-) Tax Adjustment | -0.90M | -1.08M | -0.21M | 0.00M | -0.05M | 0.00M |
| (-) Change In Working Capital | -29.93M | 6.65M | 0.00M | 9.46M | -11.67M | -1.39M |
| (-) Capital Expenditure | 0.75M | -0.64M | 0.00M | -0.64M | -0.26M | -14.69M |
| Unlevered Free Cash Flow | 8.86M | -66.85M | -9.15M | -47.11M | 2.44M | -15.45M |
| (-) Net Interest Income After Taxes | 15.29M | -8.74M | 7.32M | -3.36M | -0.86M | -0.06M |
| Net Debt Issuance | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Levered Free Cash Flow | -6.44M | -58.12M | -16.48M | -43.75M | 3.30M | -15.39M |