See more : East Morgan Holdings, Inc. (EMHI) 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 closes $4.8M sale of 24 developed lots in Washington to MainVue Homes
Harbor Custom Development Inc. (NASDAQ:HCDI) announced the sale of 24 developed lots in the Horizon at Semiahmoo subdivision in Blaine, Washington, to MainVue Homes for $4.8 million. The transaction includes 71 developed lots with panoramic views of Birch Bay and...
Harbor Custom Development enters contract with Laughlin Development for the purchase of 66 undeveloped lots for $2.9M in Poulsbo, Washington state
Harbor Custom Development Inc said it has entered into a contract with Laughlin Development, LLC, for the purchase of 66 undeveloped lots for $2,900,000 in Poulsbo, Washington state. Westry Village is a future 66 unit townhome site located in College...
Harbor Custom Development closes on $3.87M sale of 27 developed lots in Washington to Century Communities
Harbor Custom Development Inc. (NASDAQ:HCDI) announced it has closed on the sale of 27 developed lots in the state of Washington to Century Communities in a $3.87 million deal. The lots are located in the town of Blaine at Harbor's...
Harbor Custom Development closes $3.8M sale of 20 developed lots in Washington to Noffke Homes
Harbor Custom Development Inc said it has finalized the sale of 20 developed lots in the state of Washington to Noffke Homes in a $3.8 million deal. The lots are located in the town of Blaine at Harbor's Horizon at...
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Harbor Custom Development acquires 438-acre master planned community near Vancouver, B.C. for $14M
Harbor Custom Development Inc announced that it has acquired Grandis Pond — a 438-acre master-planned community in Blaine — on the Washington-Canadian border for $14 million. The Gig Harbor, Washington-based company said that Grandis Pond is the largest project the company has...
Harbor Custom Development acquires 438-acre planned community near Vancouver for $14M
Harbor Custom Development Inc. (NASDAQ:HCDI) announced that it has acquired Grandis Pond — a 438-acre master-planned community in Blaine — on the Washington-Canadian border for $14 million. The Gig Harbor, Washington-based company said that Grandis Pond is the largest project the company...
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Harbor Custom Development enters preliminary commitment with Broadmark Realty Capital for $19.1M construction loan
Harbor Custom Development Inc said it has entered into a preliminary commitment for $19,129,000 in construction financing with Broadmark Realty Capital for 126 units of the first phase of its 228-unit apartment complex located in Belfair in Washington's North Mason...
Harbor Custom Development, Inc. (HCDI) CEO Sterling Griffin on Q3 2021 Results - Earnings Call Transcript
Harbor Custom Development, Inc. (HCDI) CEO Sterling Griffin on Q3 2021 Results - Earnings Call Transcript
Source: https://incomestatements.info
Category: Stock Reports