Mdf Commerce Inc. most recently reported annual revenue of $128.0M, a net loss of $85.0M. Revenue grew at an average annual rate of 9.6% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.
Mdf Commerce Inc.: Revenue rose from $65.0M in 2014 to $128.0M in 2023, a change of +96.9% over 9 years; net profit was positive in 5 of 10 reported years; operating margin moved from 26.1% to -16.9%, a shift of -43.1 percentage points; the most recent year shows a net loss of $85.0M.
Income Statement — 10 Years (USD millions)
Metric
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
Revenue
$65.0M
$70.0M
$73.0M
$78.0M
$81.0M
$83.0M
$75.0M
$85.0M
$108.0M
$128.0M
Operating Expenses
$48.0M
$49.0M
$50.0M
$56.0M
$66.0M
$70.0M
$75.0M
$92.0M
$134.0M
$150.0M
Operating Profit
$17.0M
$21.0M
$23.0M
$21.0M
$15.0M
$13.0M
$1.0M
$-7.0M
$-26.0M
$-22.0M
Operating Margin
26.1%
29.7%
31.6%
27.6%
18.4%
16.0%
0.7%
-8.0%
-23.6%
-16.9%
Other Income
$0
$0
$-1.0M
$-1.0M
$-2.0M
$-47.0M
$-8.0M
$-2.0M
$-1.0M
$-64.0M
Interest
$1.0M
$1.0M
$1.0M
$1.0M
$1.0M
$1.0M
$1.0M
$1.0M
$1.0M
$2.0M
Depreciation
$7.0M
$7.0M
$7.0M
$8.0M
$8.0M
$8.0M
$10.0M
$14.0M
$19.0M
$19.0M
Profit Before Tax
$17.0M
$21.0M
$22.0M
$21.0M
$13.0M
$-34.0M
$-7.0M
$-9.0M
$-27.0M
$-85.0M
Tax
$25.0M
$26.2M
$28.0M
$24.3M
$44.8M
$24.6M
$20.9M
$17.6M
$10.9M
$490,000
Net Profit
$13.0M
$16.0M
$16.0M
$16.0M
$7.0M
$-26.0M
$-6.0M
$-8.0M
$-24.0M
$-85.0M
EPS
$0.80
$1.00
$1.05
$1.06
$0.48
$-1.73
$-0.39
$-0.38
$-0.64
$-1.93
Dividend Payout
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Quarterly Results — Last 12 Quarters (USD millions)
8 duplicate period labels in the source data were collapsed.
Metric
Mar '21
Jun '21
Sep '21
Dec '21
Mar '22
Jun '22
Sep '22
Dec '22
Mar '23
Jun '23
Sep '23
Dec '23
Revenue
$22.0M
$23.0M
$25.0M
$31.0M
$30.0M
$32.0M
$33.0M
$32.0M
$31.0M
$31.0M
$31.0M
$30.0M
Operating Expenses
$25.0M
$27.0M
$34.0M
$36.0M
$37.0M
$39.0M
$37.0M
$37.0M
$36.0M
$34.0M
$33.0M
$33.0M
Operating Profit
$-3.0M
$-4.0M
$-9.0M
$-5.0M
$-7.0M
$-7.0M
$-4.0M
$-6.0M
$-5.0M
$-3.0M
$-2.0M
$-3.0M
Operating Margin
-14.9%
-19.0%
-35.2%
-17.8%
-23.3%
-21.7%
-12.2%
-18.3%
-16.1%
-9.8%
-6.6%
-10.1%
Interest
$0
$0
$0
$0
$1.0M
$1.0M
$1.0M
$0
$0
$0
$0
$0
Profit Before Tax
$-4.0M
$-5.0M
$-8.0M
$-6.0M
$-8.0M
$-7.0M
$-89.0M
$16.0M
$-5.0M
$-5.0M
$-1.0M
$-5.0M
Tax
$19.8M
$16.2M
$17.9M
$24.3M
$-9.8M
$9.6M
$-330,000
$7.3M
$23.6M
$5.3M
$20.5M
$10.6M
Net Profit
$-3.0M
$-4.0M
$-6.0M
$-5.0M
$-9.0M
$-6.0M
$-90.0M
$15.0M
$-4.0M
$-5.0M
$-1.0M
$-4.0M
EPS
$-0.12
$-0.15
$-0.14
$-0.11
$-0.20
$-0.14
$-2.04
$0.34
$-0.09
$-0.12
$-0.02
$-0.09
Over the 10 years reported for Mdf Commerce Inc., borrowings decreased from $37.0M in 2014 to $11.0M in 2023, cash stood at $4.0M in the latest year, shareholders' equity was $337.0M, current assets covered current liabilities 0.80 times.
Balance Sheet — 10 Years (USD millions)
Metric
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
Total Assets
$196.0M
$191.0M
$194.0M
$209.0M
$210.0M
$169.0M
$171.0M
$276.0M
$465.0M
$332.0M
Current Assets
$21.0M
$20.0M
$25.0M
$26.0M
$28.0M
$58.0M
$35.0M
$137.0M
$66.0M
$49.0M
Cash
$7.0M
$8.0M
$11.0M
$11.0M
$13.0M
$13.0M
$14.0M
$110.0M
$6.0M
$4.0M
Inventory
$0
$0
$1.0M
$0
$1.0M
$1.0M
$1.0M
$1.0M
$21.0M
$5.0M
Receivables
$11.0M
$10.0M
$12.0M
$12.0M
$11.0M
$12.0M
$16.0M
$22.0M
$34.0M
$33.0M
Fixed Assets
$2.0M
$2.0M
$3.0M
$3.0M
$2.0M
$2.0M
$13.0M
$12.0M
$11.0M
$6.0M
Capital Work in Progress
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Investments
$0
$1.0M
$0
$0
$1.0M
$113.0M
$130.0M
$133.0M
$396.0M
$279.0M
Other Assets
$100.0M
$100.0M
$100.0M
$107.0M
$107.0M
$90.0M
$97.0M
$101.0M
$273.0M
$166.0M
Total Liabilities
$78.0M
$69.0M
$70.0M
$77.0M
$77.0M
$68.0M
$78.0M
$52.0M
$146.0M
$81.0M
Current Liabilities
$25.0M
$27.0M
$28.0M
$29.0M
$32.0M
$33.0M
$59.0M
$36.0M
$76.0M
$61.0M
Borrowings
$37.0M
$26.0M
$26.0M
$31.0M
$28.0M
$25.0M
$39.0M
$12.0M
$60.0M
$11.0M
Other Liabilities
$41.0M
$43.0M
$44.0M
$46.0M
$49.0M
$43.0M
$39.0M
$40.0M
$86.0M
$69.0M
Equity
$83.0M
$82.0M
$79.0M
$78.0M
$78.0M
$78.0M
$79.0M
$217.0M
$337.0M
$337.0M
Reserves
$118.0M
$122.0M
$124.0M
$132.0M
$133.0M
$101.0M
$93.0M
$225.0M
$319.0M
$251.0M
For Mdf Commerce Inc., operating cash flow was positive in 8 of 10 reported years; free cash flow in the latest year was negative at $30.0M; free cash flow was positive in 6 of 10 years; financing activities used $50.0M in the latest year, which covers debt repayment, dividends and buybacks.
Cash Flow Statement — 10 Years (USD millions)
Metric
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
Operating Cash Flow
$22.0M
$24.0M
$22.0M
$24.0M
$18.0M
$13.0M
$3.0M
$1.0M
$0
$-27.0M
Investing Cash Flow
$-62.0M
$-7.0M
$-7.0M
$-28.0M
$-9.0M
$-9.0M
$20.0M
$-19.0M
$-239.0M
$54.0M
Financing Cash Flow
$36.0M
$-21.0M
$-18.0M
$2.0M
$-5.0M
$-9.0M
$-7.0M
$107.0M
$149.0M
$-50.0M
Net Cash Flow
$-7.0M
$0
$4.0M
$0
$2.0M
$0
$1.0M
$96.0M
$-84.0M
$-18.0M
Free Cash Flow
$21.0M
$22.0M
$18.0M
$20.0M
$14.0M
$8.0M
$-1.0M
$-3.0M
$-5.0M
$-30.0M
Valuation & Return Ratios
Metric
Value
PEG Ratio
0.00
EV / EBITDA
-4.03
FCF Yield
-11.91%
Quick Ratio
0.72
Interest Coverage
-11.32
Return 1Y
—
Return 3Y
—
Return 5Y
—
Mdf Commerce Inc. (MECVF) financials — frequently asked questions
What is Mdf Commerce Inc.'s annual revenue?
Mdf Commerce Inc. (MECVF) reported annual revenue of $128.0M in its most recent fiscal year.
What is Mdf Commerce Inc.'s net profit?
Mdf Commerce Inc. (MECVF) reported a net loss of $85.0M in its most recent fiscal year.
What is MECVF EV/EBITDA?
Mdf Commerce Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is -4.03. A negative value means EBITDA was negative over the period, so the ratio is not a meaningful valuation measure.