Financhill
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37

MREO Quote, Financials, Valuation and Earnings

Last price:
$3.38
Seasonality move :
18.25%
Day range:
$3.11 - $3.39
52-week range:
$2.03 - $5.02
Dividend yield:
0%
P/E ratio:
--
P/S ratio:
--
P/B ratio:
7.14x
Volume:
1.8M
Avg. volume:
989.6K
1-year change:
67.84%
Market cap:
$518.2M
Revenue:
$10M
EPS (TTM):
-$0.30
Period Ending 2019-12-31 2020-12-31 2021-12-31 2022-12-31 2023-12-31
Revenue -- -- $49.2M -- $10M
Revenue Growth (YoY) -- -- -- -- --
 
Cost of Revenues -- -- $24.2M -$1.1M $2.6M
Gross Profit -- -- $25M $1.1M $7.4M
Gross Profit Margin -- -- 50.89% -- 74.26%
 
R&D Expenses $31M $22.3M $31.8M $29.5M $17.4M
Selling, General & Admin $20.9M $28.9M $21.5M $26.1M $18.4M
Other Inc / (Exp) $3.7M -$167M $52.9M $13.1M -$2.1M
Operating Expenses $51.8M $51.2M $53.3M $53.8M $34.6M
Operating Income -$51.8M -$51.2M -$28.3M -$52.7M -$27.1M
 
Net Interest Expenses -- -- $5.4M $3.3M $750K
EBT. Incl. Unusual Items -$53.9M -$226.8M $19.2M -$42.9M -$30M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense -$8.2M -$3.8M $2M -$718K -$532K
Net Income to Company -$53.9M -$226.8M $19.2M -$42.2M -$29.5M
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items -$45.7M -$223M $17.2M -$42.2M -$29.5M
 
Basic EPS (Cont. Ops) -$2.56 -$3.27 $0.13 -$0.35 -$0.20
Diluted EPS (Cont. Ops) -$2.56 -$3.27 -$0.34 -$0.35 -$0.20
Weighted Average Basic Share $17.9M $67.8M $105.6M $120.6M $131.9M
Weighted Average Diluted Share $17.9M $67.8M $111.1M $120.6M $131.9M
 
EBITDA -$45.5M -$216M $25.5M -$37.9M -$26.1M
EBIT -$47.6M -$218.1M $24.6M -$38.8M -$27.1M
 
Revenue (Reported) -- -- $49.2M -- $10M
Operating Income (Reported) -$51.8M -$51.2M -$28.3M -$52.7M -$27.1M
Operating Income (Adjusted) -$47.6M -$218.1M $24.6M -$38.8M -$27.1M
Period Ending 2020-09-30 2021-09-30 2022-09-30 2023-09-30 2024-09-30
Revenue -- -- -- -- --
Revenue Growth (YoY) -- -- -- -- --
 
Cost of Revenues -- -- -- -$235K --
Gross Profit -- -- -- $235K --
Gross Profit Margin -- -- -- -- --
 
R&D Expenses -- -- -- $3.6M $3.2M
Selling, General & Admin -- -- -- $5.7M $6.2M
Other Inc / (Exp) -- -- -- $2.5M -$6.5M
Operating Expenses -- -- -- $9.2M $9.1M
Operating Income -- -- -- -$9M -$9.1M
 
Net Interest Expenses -- -- -- $11K --
EBT. Incl. Unusual Items -- -- -- -$6.5M -$15M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense -- -- -- -- --
Net Income to Company -- -- -- -$6.5M -$15M
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items -- -- -- -$6.5M -$15M
 
Basic EPS (Cont. Ops) -- -- -- -$0.05 -$0.10
Diluted EPS (Cont. Ops) -- -- -- -$0.05 -$0.10
Weighted Average Basic Share -- -- -- $137M $154M
Weighted Average Diluted Share -- -- -- $137M $154M
 
EBITDA -- -- -- -$5.5M -$14.4M
EBIT -- -- -- -$5.8M -$14.6M
 
Revenue (Reported) -- -- -- -- --
Operating Income (Reported) -- -- -- -$9M -$9.1M
Operating Income (Adjusted) -- -- -- -$5.8M -$14.6M
Period Ending 2020-09-30 2021-09-30 2022-09-30 2023-09-30 2024-09-30
Revenue -- -- -- -- --
Revenue Growth (YoY) -- -- -- -- --
 
Cost of Revenues -- -- -- -- --
Gross Profit -- -- -- -- $1.3M
Gross Profit Margin -- -- -- -- --
 
R&D Expenses -- -- -- -- $16.9M
Selling, General & Admin -- -- -- -- $23.6M
Other Inc / (Exp) -- -- -- $889K -$9.4M
Operating Expenses -- -- -- -- $39.3M
Operating Income -- -- -- -- -$38.1M
 
Net Interest Expenses -- -- -- $667K --
EBT. Incl. Unusual Items -- -- -- -- -$45.8M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense -- -- -- -- -$532K
Net Income to Company -- -- -- -- -$45.3M
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items -- -- -- -- -$45.3M
 
Basic EPS (Cont. Ops) -- -- -- -- -$0.30
Diluted EPS (Cont. Ops) -- -- -- -- -$0.30
Weighted Average Basic Share -- -- -- -- --
Weighted Average Diluted Share -- -- -- -- --
 
EBITDA -- -- -- -- -$43.4M
EBIT -- -- -- -- -$44.5M
 
Revenue (Reported) -- -- -- -- --
Operating Income (Reported) -- -- -- -- -$38.1M
Operating Income (Adjusted) -- -- -- -- -$44.5M
Period Ending 2020-09-30 2021-09-30 2022-09-30 2023-09-30 2024-09-30
Revenue -- -- -- $9M --
Revenue Growth (YoY) -- -- -- -- --
 
Cost of Revenues -- -- -- $2.8M --
Gross Profit -- -- -- $6.2M --
Gross Profit Margin -- -- -- -- --
 
R&D Expenses -- -- -- $12.6M $12.1M
Selling, General & Admin -- -- -- $14.8M $20M
Other Inc / (Exp) -- -- -- $889K -$6.4M
Operating Expenses -- -- -- $26.2M $31M
Operating Income -- -- -- -$20.1M -$31M
 
Net Interest Expenses -- -- -- $667K --
EBT. Incl. Unusual Items -- -- -- -$20.4M -$36.2M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense -- -- -- -- --
Net Income to Company -- -- -- -$20.4M -$36.2M
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items -- -- -- -$20.4M -$36.2M
 
Basic EPS (Cont. Ops) -- -- -- -$0.16 -$0.25
Diluted EPS (Cont. Ops) -- -- -- -$0.16 -$0.25
Weighted Average Basic Share -- -- -- $387.5M $436.4M
Weighted Average Diluted Share -- -- -- $387.5M $436.4M
 
EBITDA -- -- -- -$17M -$34.4M
EBIT -- -- -- -$17.8M -$35.2M
 
Revenue (Reported) -- -- -- $9M --
Operating Income (Reported) -- -- -- -$20.1M -$31M
Operating Income (Adjusted) -- -- -- -$17.8M -$35.2M
Period Ending 2019-12-31 2020-12-31 2021-12-31 2022-12-31 2023-12-31
Cash and Equivalents $21.4M $32M $127.3M $68.2M $57.4M
Short Term Investments -- -- -- -- --
Accounts Receivable, Net -- -- -- -- --
Inventory -- -- -- -- --
Prepaid Expenses $384.2K $554.7K $550.7K $2.8M $1.2M
Other Current Assets $2.8M $2.2M $3.8M $1.4M $1.4M
Total Current Assets $39.9M $40.5M $134M $75.2M $63.8M
 
Property Plant And Equipment $15.2M $2.1M $3.4M $2.2M $1.7M
Long-Term Investments -- -- -- -- --
Goodwill -- -- -- -- --
Other Intangibles $58.3M $43.1M $33.2M -- $1.1M
Other Long-Term Assets -- -- -- -- --
Total Assets $113.3M $85.8M $170.6M $77.4M $66.5M
 
Accounts Payable $8.1M $4.3M $3.1M $3.5M $2.3M
Accrued Expenses $6.7M $5.7M $5.2M $3.6M $3.5M
Current Portion Of Long-Term Debt $19.8M -- -- $13.3M --
Current Portion Of Capital Lease Obligations $3.4M $866.8K $839.5K $564K $652K
Other Current Liabilities -- -- $1.7M $1.4M $30K
Total Current Liabilities $39.2M $11.7M $16.9M $24.4M $9.5M
 
Long-Term Debt $7M $22M $19.4M -- $4.4M
Capital Leases -- -- -- -- --
Total Liabilities $60.6M $106.2M $51.8M $26M $16M
 
Common Stock $385.5K $1.4M $2.4M $2.5M $2.8M
Other Common Equity Adj $86.7M $181.8M $185.2M -$21.7M -$17.5M
Common Equity $52.8M -$20.4M $118.8M $51.4M $50.5M
Total Preferred Equity -- -- -- -- --
Minority Interest, Total -- -- -- -- --
Total Equity $52.8M -$20.4M $118.8M $51.4M $50.5M
 
Total Liabilities and Equity $113.3M $85.8M $170.6M $77.4M $66.5M
Cash and Short Terms $21.4M $32M $127.3M $68.2M $57.4M
Total Debt -- -- $19.4M $13.3M $4.4M
Period Ending 2020-09-30 2021-09-30 2022-09-30 2023-09-30 2024-09-30
Cash and Equivalents -- -- -- -- $80.5M
Short Term Investments -- -- -- -- --
Accounts Receivable, Net -- -- -- -- --
Inventory -- -- -- -- --
Prepaid Expenses -- -- -- -- $2.9M
Other Current Assets -- -- -- -- $464K
Total Current Assets -- -- -- -- $86.7M
 
Property Plant And Equipment -- -- -- -- $1.2M
Long-Term Investments -- -- -- -- --
Goodwill -- -- -- -- --
Other Intangibles -- -- -- -- --
Other Long-Term Assets -- -- -- -- --
Total Assets -- -- -- -- $88.7M
 
Accounts Payable -- -- -- -- $1.7M
Accrued Expenses -- -- -- -- $1.6M
Current Portion Of Long-Term Debt -- -- -- -- $5.6M
Current Portion Of Capital Lease Obligations -- -- -- -- $736K
Other Current Liabilities -- -- -- -- $72K
Total Current Liabilities -- -- -- -- $14.2M
 
Long-Term Debt -- -- -- -- --
Capital Leases -- -- -- -- --
Total Liabilities -- -- -- -- $16.2M
 
Common Stock -- -- -- -- $3.1M
Other Common Equity Adj -- -- -- -- -$11.1M
Common Equity -- -- -- -- --
Total Preferred Equity -- -- -- -- --
Minority Interest, Total -- -- -- -- --
Total Equity -- -- -- -- $72.5M
 
Total Liabilities and Equity -- -- -- -- $88.7M
Cash and Short Terms -- -- -- -- $80.5M
Total Debt -- -- -- -- --
Period Ending 2019-12-31 2020-12-31 2021-12-31 2022-12-31 2023-12-31
Net Income to Stockholders -$53.9M -$226.8M $19.2M -$42.2M -$29.5M
Depreciation & Amoritzation $2.1M $2.2M $866.5K $889K $1.1M
Stock-Based Compensation $2.1M $2.1M $4.5M $4.8M $4.9M
Change in Accounts Receivable -$1.2M $192.2K -$794.9K -$3.5M $456K
Change in Inventories -- -- -- -- --
Cash From Operations -$60.2M -$38.6M -$7.1M -$48.8M -$21.1M
 
Capital Expenditures -- -- $722.1K $13K $419K
Cash Acquisitions $13.2M -$482.4K -- -- --
Cash From Investing $56.8M $2M -$568.2K $2M -$419K
 
Dividends Paid (Ex Special Dividend) -- -- -- -- --
Special Dividend Paid
Long-Term Debt Issued -- $60.5M -- -- --
Long-Term Debt Repaid -$2.9M -$29.8M -$934K -- -$3.2M
Repurchase of Common Stock -$1.3M -- -- -- --
Other Financing Activities -$997.8K -$6.8M -$315.8K $200K -$444K
Cash From Financing -$7.5M $47.3M $104.8M $200K $8M
 
Beginning Cash (CF) $32.8M $22.3M $31.7M $127.4M $68.2M
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions -$10.9M $10.8M $97.2M -$46.6M -$13.6M
Ending Cash (CF) $21.4M $32M $127.3M $68.2M $57.4M
 
Levered Free Cash Flow -$60.3M -$38.6M -$7.8M -$48.8M -$21.6M
Period Ending 2020-09-30 2021-09-30 2022-09-30 2023-09-30 2024-09-30
Net Income to Stockholders -- -- -- -$6.5M -$15M
Depreciation & Amoritzation -- -- -- $282K $282K
Stock-Based Compensation -- -- -- $1.5M $1.7M
Change in Accounts Receivable -- -- -- $1.7M -$226K
Change in Inventories -- -- -- -- --
Cash From Operations -- -- -- $2.7M -$7.5M
 
Capital Expenditures -- -- -- -- --
Cash Acquisitions -- -- -- -- --
Cash From Investing -- -- -- -- --
 
Dividends Paid (Ex Special Dividend) -- -- -- -- --
Special Dividend Paid -- -- -- -- --
Long-Term Debt Issued -- -- -- -- --
Long-Term Debt Repaid -- -- -- -$3.2M --
Repurchase of Common Stock -- -- -- -- --
Other Financing Activities -- -- -- -$511K -$594K
Cash From Financing -- -- -- $7.9M -$594K
 
Beginning Cash (CF) -- -- -- $53M $87.4M
Foreign Exchange Rate Adjustment -- -- -- -$1M $1.2M
Additions / Reductions -- -- -- $10.6M -$8.1M
Ending Cash (CF) -- -- -- $62.5M $80.5M
 
Levered Free Cash Flow -- -- -- $2.7M -$7.5M
Period Ending 2020-09-30 2021-09-30 2022-09-30 2023-09-30 2024-09-30
Net Income to Stockholders -- -- -- -- -$45.3M
Depreciation & Amoritzation -- -- -- -- $1.1M
Stock-Based Compensation -- -- -- $4.1M $6.7M
Change in Accounts Receivable -- -- -- -- -$385K
Change in Inventories -- -- -- -- --
Cash From Operations -- -- -- -- -$30.2M
 
Capital Expenditures -- -- -- -- --
Cash Acquisitions -- -- -- -- --
Cash From Investing -- -- -- -- -$699K
 
Dividends Paid (Ex Special Dividend) -- -- -- -- --
Special Dividend Paid
Long-Term Debt Issued -- -- -- -- --
Long-Term Debt Repaid -- -- -- -- --
Repurchase of Common Stock -- -- -- -- --
Other Financing Activities -- -- -- -- --
Cash From Financing -- -- -- -- --
 
Beginning Cash (CF) -- -- -- -- --
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions -- -- -- -- $15.3M
Ending Cash (CF) -- -- -- -- --
 
Levered Free Cash Flow -- -- -- -- -$30.9M
Period Ending 2020-09-30 2021-09-30 2022-09-30 2023-09-30 2024-09-30
Net Income to Stockholders -- -- -- -$20.4M -$36.2M
Depreciation & Amoritzation -- -- -- $780K $814K
Stock-Based Compensation -- -- -- $4.1M $5.9M
Change in Accounts Receivable -- -- -- -$232K -$1.1M
Change in Inventories -- -- -- -- --
Cash From Operations -- -- -- -$14.3M -$23.4M
 
Capital Expenditures -- -- -- -- --
Cash Acquisitions -- -- -- -- --
Cash From Investing -- -- -- -$419K -$699K
 
Dividends Paid (Ex Special Dividend) -- -- -- -- --
Special Dividend Paid -- -- -- -- --
Long-Term Debt Issued -- -- -- -- --
Long-Term Debt Repaid -- -- -- -$3.2M --
Repurchase of Common Stock -- -- -- -- --
Other Financing Activities -- -- -- -$444K -$813K
Cash From Financing -- -- -- $8M $46.2M
 
Beginning Cash (CF) -- -- -- $181M $193.5M
Foreign Exchange Rate Adjustment -- -- -- $1.1M $1M
Additions / Reductions -- -- -- -$6.8M $22.1M
Ending Cash (CF) -- -- -- $175.3M $216.6M
 
Levered Free Cash Flow -- -- -- -$14.8M -$24.1M

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