See more : Unidata S.p.A. (UD.MI) Income Statement Analysis – Financial Results
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 to build luxury homes in Tacoma after striking deal to buy 70 acres
Harbor Custom Development Inc says it expects construction to begin in 2024 on a new luxury housing development in downtown Tacoma, Washington. The land developer said it had inked a letter of intent (LOI) to buy 70 acres in the port city for...
Harbor Custom Development, Inc. (HCDI) Q3 2022 Earnings Call Transcript
Harbor Custom Development, Inc. (NASDAQ:HCDI ) Q3 2022 Results Conference Call November 14, 2022 12:30 PM ET Company Participants Sterling Griffin - CEO, President and Chairman of the Board Lance Brown - Chief Financial Officer Operator Thank you for standing...
Harbor Custom Development ends 3Q with $11.7M in sales despite a challenging market environment
Harbor Custom Development Inc ended the third quarter with sales of $11.7 million despite a slowdown in the otherwise red-hot US housing market due to rising mortgage rates and a challenging environment. The US housing market surged during the pandemic...
Harbor Custom Development inks LOI to acquire 15-acre Washington State property
Harbor Custom Development Inc announced that it has executed a letter of intent (LOI) for the acquisition of 15 acres in Stanwood, Washington for a total purchase price of $4.59 million. The land developer and home builder said with the pending...
Harbor Custom Development CEO offers promising updates on Washington State real estate properties
Harbor Custom Development Inc, a real estate company involved in each aspect of the land development cycle, has released a video update on six of its multifamily projects. Back in April, the company announced a strategic pivot to focusing on...
Harbor Custom Development closes $39M construction loan for apartments in Washington State
Harbor Custom Development Inc announced that it had completed a construction loan with Buchanan Mortgage Holdings LLC for a maximum principal amount of $39 million for the Meadowscape apartments currently under construction in Lacey, Washington. The land developer and home builder said it...
Harbor Custom Development, Inc. (HCDI) CEO Sterling Griffin on Q2 2022 Results - Earnings Call Transcript
Harbor Custom Development, Inc. (NASDAQ:HCDI ) Q2 2022 Earnings Conference Call August 15, 2022 12:30 PM ET Company Participants Sterling Griffin - CEO, President and Chairman of the Board Lance Brown - Chief Financial Officer Operator Thank you for standing...
Harbor Custom Development hits record revenue in first half; to complete several multi-family projects by end 2022
Harbor Custom Development Inc. (NASDAQ:HCDI) said that the company posted record revenue for the first half of the year and expects the construction of several of its multi-family projects to be completed by the end of the year. For the...
Harbor Custom Development announces $5.4M sale of land tracts in Blaine, Washington to Noffke Landholdings
Harbor Custom Development Inc. (NASDAQ:HCDI) announced it has closed on the sale of three undeveloped multi-family land tracts in its Horizon at Semiahmoo subdivision in Blaine, Washington, to Noffke Landholdings Inc for $5.4 million. The company noted that the three...
Harbor Custom Development sees 1Q sales more than double thanks to strong buyer demand
Harbor Custom Development Inc. (NASDAQ:HCDI) posted first-quarter results that saw its revenue jump 106% year-over-year on the back of sustained demand from buyers. For the period ended March 31, 2022, the Tacoma, Washington-based real estate developer reported consolidated net sales of $28.6 million,...
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