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, Inc. Reports 2023 Second Quarter and Year to Date Financial Results
TACOMA, Wash., Aug. 14, 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 its...
Harbor Custom Development, Inc., Announces Date of Second Quarter 2023 Earnings Release and Presentation
TACOMA, Wash, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ) (“Harbor,” “Harbor Custom Homes®,” or the “Company”), an innovative real estate company involved in all aspects of the land development cycle, today announced...
Harbor Custom Development announces internal promotions, strengthens expertise in key roles
Harbor Custom Development Inc, a real estate company involved in land development, has announced the internal promotion of four key members of its leadership team. The promotions include Yoshi Niino as chief accounting officer, Kyla Sawtell as vice president of...
Harbor Custom Development, Inc., Promotes New Leadership Team
TACOMA, Wash, July 18, 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 the internal...
Harbor Custom Development CEO Sterling Griffin announces retirement, appoints Jeff Habersetzer as interim replacement
Harbor Custom Development, a real estate company involved in land development, has appointed Jeff Habersetzer as its president and CEO on an interim basis following the retirement of CEO Sterling Griffin. The news was revealed by Griffin at the company's...
Harbor Custom Development, Inc., Announces Interim CEO at the Annual Meeting of Shareholders
TACOMA, Wash, July 13, 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 Jeff Habersetzer as...
Harbor Custom Development finalizes loan deal with Sound Capital for Belfair View apartment project refinancing
Harbor Custom Development said it has closed on a $19,950,000 loan with lender Sound Capital to refinance the first phase of its 126-unit Belfair View apartment multi-family project located in Belfair, Washington. “We are pleased to announce the continuation of...
Harbor Custom Development initiates search for new chief financial officer
Harbor Custom Development Inc. (NASDAQ:HCDI) said it has initiated the search for a new chief financial officer (CFO) after announcing that Lance Brown, its current CFO, will be resigning from his position, effective July 21, 2023. In the interim, the company said, Yoshi...
Harbor Custom Development closes $14.25M sale of Mills Crossing townhomes in Washington State
Harbor Custom Development Inc announced that it has closed the sale of the Mills Crossing townhomes in Bremerton, Washington for $14.25 million to Kitsap Community Resources. The real estate development company said Mills Crossing is a 36-unit townhome project located...
Harbor Custom Development seeing "good velocity" for its Washington multi-family projects
Harbor Custom Development has provided the market an update on its six multi-family projects located in Western Washington, which were listed with Kidder Matthew in April 2022. The company said the first two projects - Mills Crossing townhomes, a completed 36-unit townhome...
Source: https://incomestatements.info
Category: Stock Reports