Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
---|---|---|---|---|---|---|
Income Statement | ||||||
Total Revenue | 77.90M | 83.06M | 79.70M | 43.40M | 47.59M | 33.90M |
Gross Profit | 67.35M | 82.39M | 79.00M | 42.57M | 46.66M | 32.89M |
EBITDA | 11.80M | 33.58M | 20.68M | 29.60M | 0.00 | 0.00 |
Net Income | -5.12M | -3.14M | -14.63M | 1.43M | 11.89M | 416.63K |
Balance Sheet | ||||||
Total Assets | 430.37M | 413.88M | 513.48M | 491.76M | 520.11M | 384.91M |
Cash, Cash Equivalents and Short-Term Investments | 9.47M | 16.67M | 5.91M | 11.63M | 13.84M | 5.55M |
Total Debt | 337.55M | 313.52M | 414.05M | 368.06M | 397.94M | 274.47M |
Total Liabilities | 345.15M | 327.20M | 424.82M | 385.15M | 416.15M | 291.15M |
Stockholders Equity | 79.50M | 80.83M | 83.90M | 100.97M | 99.97M | 89.85M |
Cash Flow | ||||||
Free Cash Flow | 10.24M | 60.17M | -51.35M | 31.33M | -101.73M | 23.33M |
Operating Cash Flow | 10.61M | 60.56M | -51.12M | 31.51M | -101.65M | 23.37M |
Investing Cash Flow | 60.28M | 60.25M | -236.00K | -175.00K | -83.25K | -43.47K |
Financing Cash Flow | -66.62M | -108.17M | 43.19M | -37.27M | 120.37M | -21.91M |
Accord Financial Corp. announced the results of its Annual Meeting of Shareholders, where all proposed items were approved. The election of seven directors and the appointment of KPMG LLP as auditors for the fiscal year ending December 31, 2025, were key outcomes. The meeting saw a high shareholder participation rate, with 74.85% of total shares represented, indicating strong stakeholder engagement and support for the company’s strategic direction.
Accord Financial Corp. reported a challenging first quarter of 2025, with a net loss attributable to shareholders of $1.3 million, compared to a net gain in the previous year. Despite a 7.6% growth in finance receivables and loans, revenue declined due to lower average funds employed and yields. The company implemented cost-control measures, reducing overhead expenses, but faced a $2.6 million provision for credit losses. CEO Simon Hitzig highlighted strategic initiatives aimed at further streamlining operations and refinancing efforts, reflecting the company’s focus on navigating economic uncertainties and positioning for future growth.