Complete financial analysis of Harbor Custom Development, Inc. (HCDI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Harbor Custom Development, Inc., a leading company in the Real Estate – Development industry within the Real Estate sector.
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Harbor Custom Development, Inc. (HCDI)
About Harbor Custom Development, Inc.
Harbor Custom Development, Inc. operates as a real estate development company in Washington, California, Texas, and Florida. The company is involved in land acquisition, entitlements, development, construction of project infrastructure, single and multi-family vertical construction, marketing, sales, and management of various residential projects. It undertakes projects, such as residential lots, home communities, townhomes, and multi-story condominium or apartment properties The company was formerly known as Harbor Custom Homes, Inc. and changed its name to Harbor Custom Development, Inc. in August 2019. Harbor Custom Development, Inc. was incorporated in 2014 and is based in Gig Harbor, Washington.
| Metric | 2022 | 2021 | 2020 | 2019 | 2018 | 2001 |
|---|---|---|---|---|---|---|
| Revenue | 55.41M | 72.35M | 50.40M | 30.95M | 5.73M | 72.35M |
| Cost of Revenue | 55.87M | 50.42M | 48.39M | 27.65M | 4.94M | 50.42M |
| Gross Profit | -452.50K | 21.93M | 2.00M | 3.31M | 793.60K | 21.93M |
| Gross Profit Ratio | -0.82% | 30.31% | 3.97% | 10.69% | 13.85% | 30.31% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 16.24M | 11.15M | 5.49M | 3.47M | 0.00 | 0.00 |
| Other Expenses | 16.24M | 11.15M | 5.49M | 3.47M | 19.20K | 11.15M |
| Operating Expenses | 16.24M | 11.15M | 5.49M | 3.47M | 2.77M | 11.15M |
| Cost & Expenses | 72.10M | 61.57M | 53.89M | 31.11M | 7.70M | 61.57M |
| Interest Income | 465.60K | 249.30K | 382.90K | 358.30K | 0.00 | 0.00 |
| Interest Expense | 1.76M | 249.30K | 382.90K | 358.30K | 117.70K | -249.30K |
| Depreciation & Amortization | 2.45M | 1.50M | 812.40K | 581.10K | 210.00K | 0.00 |
| EBITDA | -14.24M | 12.28M | -2.68M | 501.80K | -513.40K | 10.78M |
| EBITDA Ratio | -25.69% | 16.97% | -5.31% | 1.62% | -8.96% | 14.90% |
| Operating Income | -16.69M | 10.78M | -3.49M | -79.30K | -1.97M | 10.78M |
| Operating Income Ratio | -30.12% | 14.90% | -6.93% | -0.26% | -34.42% | 14.90% |
| Total Other Income/Expenses | -4.69M | -158.00K | -154.60K | -279.20K | 1.13M | -158.00K |
| Income Before Tax | -21.38M | 10.62M | -3.65M | -437.60K | -841.10K | 10.62M |
| Income Before Tax Ratio | -38.58% | 14.68% | -7.23% | -1.41% | -14.68% | 14.68% |
| Income Tax Expense | -4.46M | 1.77M | 116.80K | -634.60K | 517.80K | 1.77M |
| Net Income | -16.92M | 8.86M | -3.76M | 235.60K | -1.39M | 8.86M |
| Net Income Ratio | -30.54% | 12.24% | -7.46% | 0.76% | -24.26% | 12.24% |
| EPS | -24.19 | 8.13 | -17.85 | 0.88 | -5.19 | 0.62 |
| EPS Diluted | -24.19 | 8.13 | -17.85 | 0.88 | -5.19 | 0.24 |
| Weighted Avg Shares Out | 699.39K | 1.09M | 210.29K | 268.15K | 268.15K | 14.34M |
| Weighted Avg Shares Out (Dil) | 699.49K | 1.09M | 210.72K | 268.15K | 268.15K | 36.92M |
Harbor Custom Development announces Chapter 11 bankruptcy protection filing
Harbor Custom Development Inc. (NASDAQ:HCDI) announced it has voluntarily filed for protection under Chapter 11 of the United States Bankruptcy Code in the Western District of Washington at Tacoma. In a statement, the company said it has filed several customary first-day motions...
Why Is Harbor Custom Development (HCDI) Stock Down 34% Today?
Harbor Custom Development (NASDAQ: HCDI ) stock is taking a beating on Tuesday after the real estate development company filed for Chapter 11 bankruptcy protection. According to a press release from Harbor Custom Development, this bankruptcy filing was made voluntarily as...
Harbor Custom Development, Inc., Announces Chapter 11 Bankruptcy Protection Filing
TACOMA, Wash, Dec. 11, 2023 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ) (collectively with certain of its wholly owned subsidiaries described below, “HCDI” or “the Company”), a real estate company involved in all aspects of...
Here's why penny stocks like GGE, NEXI, ALT, HCDI are pumping
Penny stocks like Green Giant (GGE), Neximmune (NEXI), Altimmune (ALT), and Harbor Custom Development (HCDI) were among the best-performing companies in Wall Street on Friday. All of them jumped by more than 40% even as the Nasdaq 100 and S&P...
Harbor Custom Development, Inc., Announces Board of Directors' Resignation
TACOMA, Wash, Sept. 22, 2023 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ) (“Harbor,” “Harbor Custom Homes®,” or the “Company”), a real estate company involved in all aspects of the land development cycle, today announced Wally...
Harbor Custom Development announces 17 luxury homes coming to the Horseshoe Bay and Austin MSAs
Harbor Custom Development Inc. (NASDAQ:HCDI) has announced 17 new construction homes are available to purchase now and into the fall in the Austin and Horseshoe Bay metropolitan statistical areas (MSAs). The company noted that the spacious homes range from 3,040 to...
Harbor Custom Development, Inc., Announces 17 Luxury Homes Coming to the Horseshoe Bay and Austin MSAs
TACOMA, Wash, Aug. 16, 2023 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ) (“Harbor,” “Harbor Custom Homes®,” or the “Company”), a real estate company involved in all aspects of the land development cycle, announced 17 new...
Harbor Custom Development says leasing has begun at Meadowscape apartments in Olympia, Washington
Harbor Custom Development Inc. (NASDAQ:HCDI) told investors it is now leasing its Meadowscape apartments in Olympia, Washington. The Tacoma, Washington-based real estate company noted that the complex broke ground in September 2021, and it anticipates the project to be complete in...
Harbor Custom Development, Inc., Now Leasing Meadowscape Apartments in Olympia, WA
TACOMA, Wash., Aug. 15, 2023 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ) (“Harbor,” “Harbor Custom Homes®,” or the “Company”), a real estate company involved in all aspects of the land development cycle, announced it is...
Harbor Custom Development 2Q sales surge fuelled by multifamily project milestone
Harbor Custom Development Inc (HCDI) posted an almost 93% year-over-year jump in sales for the second quarter driven by the closing of the first and smallest of its multifamily projects, Mills Crossing in Bremerton, Washington for $14.3 million in addition...
Source: https://incomestatements.info
Category: Stock Reports