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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 enters Texas market with 208 single-family lot developments
Harbor Custom Development Inc. (NASDAQ:HCDI) announced that it has expanded its geographical footprint into the Texas market with 208 single-family lots under various stages of development located throughout the Austin metropolitan statistical area (MSA). The real estate development company said its...
Harbor Custom Development closes on $4.48M land sale to Noffke Homes in Blaine, Washington
Harbor Custom Development, Inc. told investors it closed on the sale of a six-acre multi-family tract in its Horizon at Semiahmoo subdivision in Blaine, Washington, to Noffke Homes for $4.48 million on March 31, 2022.
ThinkEquity sees Harbor Custom Development building on its 2021 successes in 2022
ThinkEquity thinks Harbon Custom Development Inc will continue to build on its 2021 successes in 2022. “Harbor remains focused on strengthening its current market position and has a strong foundation to accelerate growth and market reach during 2022 and beyond,”...
Harbor Custom Development, Inc. (HCDI) CEO Sterling Griffin on Q4 2021 Results - Earnings Call Transcript
Harbor Custom Development, Inc. (HCDI) CEO Sterling Griffin on Q4 2021 Results - Earnings Call Transcript
Harbor Custom Development reports strong top-line revenue growth in its first year as a public company
Harbor Custom Development Inc revealed top-line revenue growth of over 43% year-over-year in its first full year as a public company. The real estate company, which is involved in all aspects of the land development cycle, said it had generated...
Harbor Custom Development enters into preliminary commitment with Washington Federal Bank for $29,750,000 construction loan
Harbor Custom Development Inc. (NASDAQ:HCDI) said it has entered into a preliminary commitment for $29,750,000 in construction financing with Washington Federal Bank (WaFd Bank) for the 177 unit Tanglewilde apartment complex located in Lacey, Washington. The company said the 177-unit...
Harbor Custom Development enters into preliminary commitment for $15,715,000 in construction financing with Marquee Funding Group
Harbor Custom Development Inc said it has entered into a preliminary commitment for $15,715,000 in construction financing with Marquee Funding Group for the 75 unit Wyndstone apartment complex located in Yelm, Washington. Yelm is conveniently located only 22 miles from Washington State's...
Harbor Custom Development closes $1.5M purchase of a 138-unit apartment site in Washington State
Harbor Custom Development Inc announced that it has closed its $1.5 million purchase of a 138-unit entitled apartment site in Port Orchard, Washington State. The company said the Bridgeview project is a future three-story, garden-style apartment complex scheduled to begin...
Harbor Custom Development closes on $19,129,000 construction loan with Broadmark Realty Capital for first phase of its Olympic Sunset View Apartment project
Harbor Custom Development Inc said it has closed a $19,129,000 construction loan with Broadmark Realty Capital for the 126 unit first phase of its 228 unit Olympic Sunset View Apartment project in Belfair, Washington. Located in North Mason County, Washington the...
Harbor Custom Development enters contract to buy 60-acre townhome site in Tampa Bay metro area
Harbor Custom Development Inc said it has entered into a contract with JIBA Family LP and Bayonet Point Holdings LLC for the purchase of 60 acres in Hudson, Florida for $7.4 million. The company said the 60-acre parcel is a...
Source: https://incomestatements.info
Category: Stock Reports