Overview and quarterly progress:
- Revenue: QQ1 2024 = $3,366,394 vs Q4 2023 = $2,861,579 (QoQ increase roughly 17.6%).
- Gross Profit: QQ1 2024 = $1,548,931; Gross Margin = 46.01% (vs Q4 2023 gross margin 47.80%); indicates modest compression in gross margin QoQ.
- EBITDA: QQ1 2024 = $816,083; EBITDA margin = 24.24% (EBITDA/Revenue). Q4 2023 EBITDA = $736,653; margin = 25.76%; QoQ margin slight decline.
- Operating Income: QQ1 2024 = $473,288; Operating Margin = 14.06% (vs 13.95% in Q4 2023).
- Net Income: QQ1 2024 = $348,225; Net Margin = 10.34% (vs 9.79% in Q4 2023).
- Earnings per share: Not disclosed for QQ1 2024 (EPS is not provided); Weighted average shares outstanding = 17,004,004.
- Cash flow: Net cash provided by operating activities = $265,400; Free cash flow = $281,105; Cash at end of period = $1,364,780; Beginning cash = $469,341; Net change in cash = $895,439.
- Working capital dynamics: Change in working capital = $(457,312); Accounts receivable = $(597,765); Inventory = $399,008; Accounts payable = $(647,618); Other working capital movements = $389,063.
- Liquidity and leverage: Current ratio = 1.24; Quick ratio = 0.504; Cash ratio = 0.235; Debt ratio = 0.449; Total debt to capitalization = 0.667; Interest coverage = 38.38x; Equity multiplier = 4.45.
- Valuation signals: Price-to-book ≈ 25.91x; Price-to-sales ≈ 21.72x; Price-to-earnings ≈ 52.49x; Enterprise value multiple ≈ 94.84x; All reflect a high-growth or small-firm premium given the company’s early-stage status and limited public comparables (peer data: No peers found for MWYN).