BAER Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	108.75	98.61	66.71	46.39	39.38	13.41
Revenue Growth (YoY)	51.36%	47.83%	43.80%	17.78%	193.63%	-
Cost of Revenue	65.48	57.48	41.34	33.89	26.58	12.85
Gross Profit	43.28	41.14	25.37	12.5	12.8	0.56
Selling, General & Admin	28.93	31.69	71.53	21.17	9.59	9.42
Operating Expenses	32.2	34.69	72.93	22.27	10.22	9.42
Operating Income	11.08	6.45	-47.56	-9.77	2.59	-8.86
Interest Expense	-23.53	-23.71	-23.22	-20.02	-9.29	-1.6
Other Non Operating Income (Expenses)	1.51	2.07	3.05	0.77	0.39	0.06
EBT Excluding Unusual Items	-10.94	-15.2	-67.72	-29.02	-6.32	-10.4
Merger & Restructuring Charges	-1.14	-1.14	-5.69	-11.09	-	-
Gain (Loss) on Sale of Investments	-	-	-	0.6	-	-1.84
Gain (Loss) on Sale of Assets	-0.02	-0.39	-1.18	-1.77	-1	-
Asset Writedown	-	-	-2.4	-	-	-
Other Unusual Items	0.56	0.39	-0.67	-0.85	0.77	-
Pretax Income	-11.54	-16.33	-77.66	-42.13	-6.54	-12.24
Income Tax Expense	-0.53	-0.76	-0.3	-	-	-
Net Income	-11.02	-15.57	-77.36	-42.13	-6.54	-12.24
Preferred Dividends & Other Adjustments	25.71	25.34	-85.88	288.35	15.91	14.06
Net Income to Common	-36.73	-40.91	8.52	-330.48	-22.45	-26.3
Shares Outstanding (Basic)	52	51	45	40	40	-
Shares Outstanding (Diluted)	52	51	78	40	40	-
Shares Change (YoY)	12.48%	-34.83%	92.44%	0.41%	-	-
EPS (Basic)	-0.71	-0.81	0.19	-8.20	-0.56	-
EPS (Diluted)	-0.71	-0.81	-1.00	-8.20	-0.56	-
Free Cash Flow	8.02	5.27	-47.55	-45.31	-47.74	-60.82
Free Cash Flow Per Share	0.15	0.10	-0.61	-1.13	-1.19	-
Gross Margin	39.79%	41.72%	38.03%	26.95%	32.51%	4.17%
Operating Margin	10.18%	6.54%	-71.29%	-21.05%	6.57%	-66.04%
Profit Margin	-33.77%	-41.48%	12.78%	-712.42%	-57.01%	-196.06%
Free Cash Flow Margin	7.38%	5.34%	-71.28%	-97.68%	-121.22%	-453.45%
EBITDA	29.22	23.9	-36.47	-0.67	9.26	-6.18
EBITDA Margin	26.86%	24.24%	-54.67%	-1.45%	23.51%	-46.04%
D&A For EBITDA	18.14	17.45	11.09	9.09	6.67	2.68
EBIT	11.08	6.45	-47.56	-9.77	2.59	-8.86
EBIT Margin	10.18%	6.54%	-71.29%	-21.05%	6.57%	-66.04%
Advertising Expenses	-	-	-	0.7	0.09	-

Updated Mar 14, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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