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MEIP Quote, Financials, Valuation and Earnings

Last price:
$2.39
Seasonality move :
-3.18%
Day range:
$2.46 - $2.50
52-week range:
$2.43 - $6.39
Dividend yield:
0%
P/E ratio:
1.16x
P/S ratio:
0.16x
P/B ratio:
0.67x
Volume:
114.9K
Avg. volume:
23.1K
1-year change:
-59.45%
Market cap:
$16.7M
Revenue:
$65.3M
EPS (TTM):
-$6.99
Period Ending 2020-06-30 2021-06-30 2022-06-30 2023-06-30 2024-06-30
Revenue $27.8M $34.8M $40.7M $48.8M $65.3M
Revenue Growth (YoY) 464.72% 25.36% 16.96% 19.95% 33.76%
 
Cost of Revenues $2.7M $1.4M -- -- --
Gross Profit $25.1M $33.4M -- -- --
Gross Profit Margin 90.38% 95.95% -- -- --
 
R&D Expenses $34.1M $69.4M $85.6M $52.5M $16.6M
Selling, General & Admin $16.7M $24.4M $30.5M $33.1M $23.3M
Other Inc / (Exp) -$22.9M $18.6M $20.7M $1.6M -$10.9M
Operating Expenses $50.8M $93.8M $116.2M $85.6M $39.9M
Operating Income -$25.7M -$60.4M -$75.5M -$36.8M $25.4M
 
Net Interest Expenses -- -- -- -- --
EBT. Incl. Unusual Items -$47.2M -$41.3M -$54.5M -$31.8M $17.8M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense $1K $8K -- -- --
Net Income to Company -$47.2M -$41.3M -$54.5M -$31.8M $17.8M
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items -$47.2M -$41.3M -$54.5M -$31.8M $17.8M
 
Basic EPS (Cont. Ops) -$10.40 -$7.40 -$8.75 -$4.78 $2.67
Diluted EPS (Cont. Ops) -$10.40 -$12.00 -$9.99 -$4.78 $2.67
Weighted Average Basic Share $4.6M $5.6M $6.2M $6.7M $6.7M
Weighted Average Diluted Share $4.6M $5.7M $6.3M $6.7M $6.7M
 
EBITDA -$25.6M -$60.1M -$75.2M -$36.4M $25.8M
EBIT -$25.7M -$60.4M -$75.5M -$36.8M $25.4M
 
Revenue (Reported) $27.8M $34.8M $40.7M $48.8M $65.3M
Operating Income (Reported) -$25.7M -$60.4M -$75.5M -$36.8M $25.4M
Operating Income (Adjusted) -$25.7M -$60.4M -$75.5M -$36.8M $25.4M
Period Ending 2020-09-30 2021-09-30 2022-09-30 2023-09-30 2024-09-30
Revenue $6.6M $7.8M $8.7M $65.3M --
Revenue Growth (YoY) 473.73% 16.86% 12.54% 647.96% --
 
Cost of Revenues $509K -- -- -- --
Gross Profit $6.1M -- -- -- --
Gross Profit Margin 92.33% -- -- -- --
 
R&D Expenses $13M $20M $19.5M $3.5M $3.2M
Selling, General & Admin $5.9M $7.9M $7.5M $6.5M $5.2M
Other Inc / (Exp) $13.2M $2.6M $1.1M -$1K -$10K
Operating Expenses $18.9M $27.9M $26.9M $10M $8.4M
Operating Income -$12.8M -$20.1M -$18.2M $55.3M -$8.4M
 
Net Interest Expenses -- -- -- -- --
EBT. Incl. Unusual Items $712K -$17.5M -$16.6M $56.4M -$8M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense -- -- -- -- --
Net Income to Company $712K -$17.5M -$16.6M $56.4M -$8M
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items $712K -$17.5M -$16.6M $56.4M -$8M
 
Basic EPS (Cont. Ops) $0.20 -$3.20 -$2.49 $8.46 -$1.20
Diluted EPS (Cont. Ops) -$2.20 -$3.60 -$2.49 $8.46 -$1.20
Weighted Average Basic Share $5.6M $5.6M $6.7M $6.7M $6.7M
Weighted Average Diluted Share $5.7M $5.7M $6.7M $6.7M $6.7M
 
EBITDA -$12.7M -$20M -$18.1M $55.4M -$8M
EBIT -$12.8M -$20.1M -$18.2M $55.3M -$8.4M
 
Revenue (Reported) $6.6M $7.8M $8.7M $65.3M --
Operating Income (Reported) -$12.8M -$20.1M -$18.2M $55.3M -$8.4M
Operating Income (Adjusted) -$12.8M -$20.1M -$18.2M $55.3M -$8.4M
Period Ending 2020-09-30 2021-09-30 2022-09-30 2023-09-30 2024-09-30
Revenue $33.2M $35.9M $41.7M $105.4M --
Revenue Growth (YoY) -- -- -- -- --
 
Cost of Revenues $2.5M -- -- -- --
Gross Profit $30.7M -- -- -- --
Gross Profit Margin -- -- -- -- --
 
R&D Expenses $38.1M $76.4M $85.2M $36.5M $16.2M
Selling, General & Admin $18.5M $26.4M $30.1M $32.2M $22M
Other Inc / (Exp) -$18.9M $8M $19.3M $465K -$10.9M
Operating Expenses $56.6M $102.8M $115.3M $68.6M $38.2M
Operating Income -$25.9M -$67.7M -$73.6M $36.7M -$38.2M
 
Net Interest Expenses -- -- -- -- --
EBT. Incl. Unusual Items -$43.5M -$59.5M -$53.6M $41.2M -$46.6M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense -- -- -- -- --
Net Income to Company -$43.5M -$59.5M -$53.6M $41.2M -$46.6M
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items -$43.5M -$59.5M -$53.6M $41.2M -$46.6M
 
Basic EPS (Cont. Ops) -$9.80 -$10.80 -$8.24 $6.17 -$6.99
Diluted EPS (Cont. Ops) -$12.20 -$13.40 -$9.04 $6.17 -$6.99
Weighted Average Basic Share -- -- -- -- --
Weighted Average Diluted Share -- -- -- -- --
 
EBITDA -$25.7M -$67.5M -$73.3M $37.1M -$37.5M
EBIT -$25.9M -$67.7M -$73.6M $36.7M -$38.2M
 
Revenue (Reported) $33.2M $35.9M $41.7M $105.4M --
Operating Income (Reported) -$25.9M -$67.7M -$73.6M $36.7M -$38.2M
Operating Income (Adjusted) -$25.9M -$67.7M -$73.6M $36.7M -$38.2M
Period Ending 2020-09-30 2021-09-30 2022-09-30 2023-09-30 2024-09-30
Revenue $6.6M $7.8M $8.7M $65.3M --
Revenue Growth (YoY) -- -- -- -- --
 
Cost of Revenues $509K -- -- -- --
Gross Profit $6.1M -- -- -- --
Gross Profit Margin -- -- -- -- --
 
R&D Expenses $13M $20M $19.5M $3.5M $3.2M
Selling, General & Admin $5.9M $7.9M $7.5M $6.5M $5.2M
Other Inc / (Exp) $13.2M $2.6M $1.1M -$1K -$10K
Operating Expenses $18.9M $27.9M $26.9M $10M $8.4M
Operating Income -$12.8M -$20.1M -$18.2M $55.3M -$8.4M
 
Net Interest Expenses -- -- -- -- --
EBT. Incl. Unusual Items $712K -$17.5M -$16.6M $56.4M -$8M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense -- -- -- -- --
Net Income to Company $712K -$17.5M -$16.6M $56.4M -$8M
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items $712K -$17.5M -$16.6M $56.4M -$8M
 
Basic EPS (Cont. Ops) $0.20 -$3.20 -$2.49 $8.46 -$1.20
Diluted EPS (Cont. Ops) -$2.20 -$3.60 -$2.49 $8.46 -$1.20
Weighted Average Basic Share $5.6M $5.6M $6.7M $6.7M $6.7M
Weighted Average Diluted Share $5.7M $5.7M $6.7M $6.7M $6.7M
 
EBITDA -$12.7M -$20M -$18.1M $55.4M -$8M
EBIT -$12.8M -$20.1M -$18.2M $55.3M -$8.4M
 
Revenue (Reported) $6.6M $7.8M $8.7M $65.3M --
Operating Income (Reported) -$12.8M -$20.1M -$18.2M $55.3M -$8.4M
Operating Income (Adjusted) -$12.8M -$20.1M -$18.2M $55.3M -$8.4M
Period Ending 2020-06-30 2021-06-30 2022-06-30 2023-06-30 2024-06-30
Cash and Equivalents $12.3M $8.5M $15.7M $16.9M $3.7M
Short Term Investments $170.3M $144.9M $137.5M $83.8M $34.6M
Accounts Receivable, Net -- -- -- -- --
Inventory -- -- -- -- --
Prepaid Expenses -- -- -- $4.6M $1.1M
Other Current Assets $2.7M $3.8M $3.8M $2.2M $1.4M
Total Current Assets $208.6M $164.8M $167.1M $107.5M $40.8M
 
Property Plant And Equipment $1.1M $9.3M $10.7M $13.3M $606K
Long-Term Investments -- -- -- -- --
Goodwill -- -- -- -- --
Other Intangibles -- -- -- -- --
Other Long-Term Assets -- -- -- -- --
Total Assets $209.7M $174.1M $177.8M $120.8M $41.4M
 
Accounts Payable $2.4M $6.4M $7.9M $6.1M $3.2M
Accrued Expenses $2.7M $4.9M $6.5M $5.3M $2.4M
Current Portion Of Long-Term Debt -- -- -- -- --
Current Portion Of Capital Lease Obligations -- $928K $871K $1.4M --
Other Current Liabilities -- -- -- -- --
Total Current Liabilities $13.8M $20.2M $24.4M $20.3M $8.4M
 
Long-Term Debt -- -- -- -- --
Capital Leases -- -- -- -- --
Total Liabilities $132.7M $124.6M $125.4M $96.2M $8.4M
 
Common Stock -- -- -- -- --
Other Common Equity Adj -- -- -- -- --
Common Equity $77.1M $49.5M $52.4M $24.6M $33M
Total Preferred Equity -- -- -- -- --
Minority Interest, Total -- -- -- -- --
Total Equity $77.1M $49.5M $52.4M $24.6M $33M
 
Total Liabilities and Equity $209.7M $174.1M $177.8M $120.8M $41.4M
Cash and Short Terms $182.6M $153.4M $153.3M $100.7M $38.3M
Total Debt -- -- -- -- --
Period Ending 2020-09-30 2021-09-30 2022-09-30 2023-09-30 2024-09-30
Cash and Equivalents $11M $15.6M $14.7M $3.4M $7M
Short Term Investments $165.2M $129.9M $123.7M $78.8M $20M
Accounts Receivable, Net -- $10M -- -- --
Inventory -- -- -- -- --
Prepaid Expenses -- -- -- -- $263K
Other Current Assets $7.4M $3.7M $2.8M $6.2M $577K
Total Current Assets $203.9M $167.4M $148.9M $88.4M $27.7M
 
Property Plant And Equipment $10.1M $9M $14.7M $12.8M $5K
Long-Term Investments -- -- -- -- --
Goodwill -- -- -- -- --
Other Intangibles -- -- -- -- --
Other Long-Term Assets -- -- -- -- --
Total Assets $214M $176.4M $163.6M $101.3M $27.8M
 
Accounts Payable $6.4M $8.5M $8.4M $3.2M $976K
Accrued Expenses $5.5M $6.1M $9.2M $2.8M $503K
Current Portion Of Long-Term Debt -- -- -- -- --
Current Portion Of Capital Lease Obligations $602K $957K $1.3M $1.1M --
Other Current Liabilities -- -- -- -- --
Total Current Liabilities $31.5M $30.4M $23.4M $8.6M $2.9M
 
Long-Term Debt -- -- -- -- --
Capital Leases -- -- -- -- --
Total Liabilities $131.7M $144.5M $126.3M $19.9M $2.9M
 
Common Stock -- -- -- -- --
Other Common Equity Adj -- -- -- -- --
Common Equity -- -- -- -- --
Total Preferred Equity -- -- -- -- --
Minority Interest, Total -- -- -- -- --
Total Equity $82.3M $31.8M $37.3M $81.4M $24.9M
 
Total Liabilities and Equity $214M $176.4M $163.6M $101.3M $27.8M
Cash and Short Terms $176.1M $145.5M $138.4M $82.2M $26.9M
Total Debt -- -- -- -- --
Period Ending 2020-06-30 2021-06-30 2022-06-30 2023-06-30 2024-06-30
Net Income to Stockholders -$47.2M -$41.3M -$54.5M -$31.8M $17.8M
Depreciation & Amoritzation $109K $285K $326K $386K $383K
Stock-Based Compensation $6.8M $10.2M $8.4M $3.6M $2.3M
Change in Accounts Receivable -$22.8M $15.7M -$2.5M $10M $85K
Change in Inventories -- -- -- -- --
Cash From Operations $34.3M -$32M -$48.7M -$52.5M -$50.5M
 
Capital Expenditures $894K $708K $479K $35K $7K
Cash Acquisitions -- -- -- -- --
Cash From Investing -$106.3M $24.7M $6.9M $53.7M $49.1M
 
Dividends Paid (Ex Special Dividend) -- -- -- -- -$11.7M
Special Dividend Paid
Long-Term Debt Issued -- -- -- -- --
Long-Term Debt Repaid -- -- -- -- --
Repurchase of Common Stock -- -- -- -- --
Other Financing Activities -$3.7M -$64K -$3.8M -$40K -$208K
Cash From Financing $74.8M $3.5M $49.1M -$40K -$11.9M
 
Beginning Cash (CF) $9.6M $12.3M $8.5M $15.7M $16.9M
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions $2.7M -$3.8M $7.2M $1.2M -$13.2M
Ending Cash (CF) $12.3M $8.5M $15.7M $16.9M $3.7M
 
Levered Free Cash Flow $33.4M -$32.7M -$49.2M -$52.5M -$50.5M
Period Ending 2020-09-30 2021-09-30 2022-09-30 2023-09-30 2024-09-30
Net Income to Stockholders $712K -$17.5M -$16.6M $56.4M -$8M
Depreciation & Amoritzation $69K $77K $99K $87K $368K
Stock-Based Compensation $2.9M $2.5M $1.6M $363K -$135K
Change in Accounts Receivable -$2.1M -$10.5M $2.3M $85K --
Change in Inventories -- -- -- -- --
Cash From Operations -$9.1M -$7.7M -$14.8M -$18.5M -$11.5M
 
Capital Expenditures $644K $8K $63K -- --
Cash Acquisitions -- -- -- -- --
Cash From Investing $4.5M $15M $13.7M $5M $14.7M
 
Dividends Paid (Ex Special Dividend) -- -- -- -- --
Special Dividend Paid -- -- -- -- --
Long-Term Debt Issued -- -- -- -- --
Long-Term Debt Repaid -- -- -- -- --
Repurchase of Common Stock -- -- -- -- --
Other Financing Activities -- -$194K -$40K -- --
Cash From Financing $3.3M -$194K -$40K -- --
 
Beginning Cash (CF) $12.3M $8.5M $15.7M $16.9M $3.7M
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions -$1.4M $7.1M -$1.1M -$13.5M $3.2M
Ending Cash (CF) $11M $15.6M $14.7M $3.4M $7M
 
Levered Free Cash Flow -$9.8M -$7.7M -$14.8M -$18.5M -$11.5M
Period Ending 2020-09-30 2021-09-30 2022-09-30 2023-09-30 2024-09-30
Net Income to Stockholders -$43.5M -$59.5M -$53.6M $41.2M -$46.6M
Depreciation & Amoritzation $147K $293K $348K $374K $664K
Stock-Based Compensation $7.6M $9.8M $7.4M $2.4M $1.8M
Change in Accounts Receivable -$24.8M $7.2M $10.4M $7.8M --
Change in Inventories -- -- -- -- --
Cash From Operations $39.2M -$30.6M -$55.8M -$56.2M -$43.4M
 
Capital Expenditures $1.5M $72K $534K -$28K --
Cash Acquisitions -- -- -- -- --
Cash From Investing -$106.8M $35.2M $5.6M $44.9M $58.9M
 
Dividends Paid (Ex Special Dividend) -- -- -- -- -$11.7M
Special Dividend Paid
Long-Term Debt Issued -- -- -- -- --
Long-Term Debt Repaid -- -- -- -- --
Repurchase of Common Stock -- -- -- -- --
Other Financing Activities -- -$258K -$3.7M -- --
Cash From Financing $72.5M $14K $49.2M -- --
 
Beginning Cash (CF) -- -- -- -- --
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions $5M $4.7M -$968K -$11.3M $3.6M
Ending Cash (CF) -- -- -- -- --
 
Levered Free Cash Flow $37.7M -$30.6M -$56.3M -$56.2M -$43.4M
Period Ending 2020-09-30 2021-09-30 2022-09-30 2023-09-30 2024-09-30
Net Income to Stockholders $712K -$17.5M -$16.6M $56.4M -$8M
Depreciation & Amoritzation $69K $77K $99K $87K $368K
Stock-Based Compensation $2.9M $2.5M $1.6M $363K -$135K
Change in Accounts Receivable -$2.1M -$10.5M $2.3M $85K --
Change in Inventories -- -- -- -- --
Cash From Operations -$9.1M -$7.7M -$14.8M -$18.5M -$11.5M
 
Capital Expenditures $644K $8K $63K -- --
Cash Acquisitions -- -- -- -- --
Cash From Investing $4.5M $15M $13.7M $5M $14.7M
 
Dividends Paid (Ex Special Dividend) -- -- -- -- --
Special Dividend Paid -- -- -- -- --
Long-Term Debt Issued -- -- -- -- --
Long-Term Debt Repaid -- -- -- -- --
Repurchase of Common Stock -- -- -- -- --
Other Financing Activities -- -$194K -$40K -- --
Cash From Financing $3.3M -$194K -$40K -- --
 
Beginning Cash (CF) $12.3M $8.5M $15.7M $16.9M $3.7M
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions -$1.4M $7.1M -$1.1M -$13.5M $3.2M
Ending Cash (CF) $11M $15.6M $14.7M $3.4M $7M
 
Levered Free Cash Flow -$9.8M -$7.7M -$14.8M -$18.5M -$11.5M

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