← Lumexa Imaging Holdings, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues: | ||||||||||||
| Revenue, net | — | $116.6m | $431.4m | $45.8m | $1.2m | $253.8m | $82.8m | $31.5m | — | $129k | — | |
| Other insurance (expense) revenue, net | $10.8m | $9.8m | $9.7m | $2.8m | $1.3m | $1.1m | $4.5m | $39k | ($24.2m) | — | — | |
| Cost of sales | $618.9m |
$677.0m
+9.39%
|
$812.4m
+20.00%
|
$1.1b
+34.53%
|
$974.6m
-10.82%
|
$898.0m
-7.86%
|
$861.1m
-4.11%
|
$1.1b
+29.32%
|
$1.0b
-8.06%
|
$1.1b
+7.73%
|
$874.9m
-20.68%
|
|
| Operating expense excluding cost of sales | — | — | — | — | — | $53.0m |
$66.3m
+25.15%
|
— | — | — | $134.5m | |
| Cost of revenues | $618.9m |
$113.1m
-81.73%
|
$414.0m
+266.16%
|
$34.4m
-91.69%
|
$905k
-97.37%
|
$190.4m
+20930.65%
|
$62.1m
-67.37%
|
$23.7m
-61.93%
|
$1.0b
+4228.74%
|
$97k
-99.99%
|
$874.9m
+904162.53%
|
|
| Gross Profit | $277.3m |
$3.5m
-98.73%
|
$17.4m
+394.13%
|
$186k
-98.93%
|
$1.0m
+437.63%
|
$5.3m
+425.70%
|
$646k
-87.71%
|
$342k
-47.06%
|
$251.5m
+73438.01%
|
$129k
-99.95%
|
$155.7m
+120631.01%
|
|
| Research and development | $141.1m | $4.0m | $4.4m | $3.4m | $757k | $214.5m | $220.7m | $307.8m | $302.2m | $303.9m | — | |
| Selling, general and administrative | $117.3m | $110.2m | $128.2m | $200.3m | $235.2m | $241.4m | $265.7m | $348.8m | $310.7m | $348.2m | $93.3m | |
| Selling and marketing expenses | — | $10.7m | $24.1m | $195k | $11k | $481k | $2.1m | $3.3m | $963k | $91k | $93.3m | |
| Sales and marketing (note 18) | — | — | — | — | — | $22.3m | $24.0m | — | — | — | — | |
| General and administrative expenses | $50.3m | $15.0m | $23.0m | $127k | $265k | $43.7m | $46.5m | $18.0m | $18.2m | $31.6m | $93.3m | |
| General and administrative (note 18) | — | — | — | — | — | $8.8m | $14.8m | — | — | — | — | |
| Amortization of intangible assets | $2.5m | $2.1m | — | — | — | — | — | — | — | — | — | |
| Amortization of acquired developed intangibles | $6.8m | $6.5m | $3.2m | $46.5m | $53.8m | $61.7m | $62.9m | $84.4m | $83.9m | $82.2m | — | |
| Amortization of acquired technologies | $6.8m | $6.5m | — | — | — | — | — | — | — | — | — | |
| Restructuring and related charges | $7.4m | $12.0m | $7.2m | $31.9m | $8.0m | $7.7m | ($1.1m) | $28.1m | $72.6m | $22.8m | — | |
| Total Operating Expenses | $265.8m | $29.7m | $51.5m | $322k | $276k | $187.9m | $48.6m | $21.3m | $19.1m | $31.7m | $134.5m | |
| Loss from Operations | $11.5m |
($26.1m)
-327.16%
|
($34.1m)
-30.44%
|
($136k)
+99.60%
|
($276k)
-102.94%
|
($182.6m)
-66064.13%
|
($47.9m)
+73.75%
|
($21.0m)
+56.23%
|
($19.1m)
+8.78%
|
($31.6m)
-65.05%
|
— | |
| Interest expense, net | — | — | — | ($3k) | ($1k) | ($245k) | ($1.0m) | ($525k) | ($342k) | ($7k) | $105.0m | |
| Interest expenses | — | ($3.1m) | ($4.3m) | ($4.1m) | ($1.2m) | ($66.7m) | ($80.2m) | ($35.5m) | — | — | $105.0m | |
| Interest income | — | $902k | $575k | $69k | $5k | — | — | — | — | — | — | |
| Net investment income | $108.7m | $124.1m | $136.3m | $97.8m | $54.8m | $32.0m | $30.1m | $37.4m | $25.5m | — | — | |
| Foreign currency exchange gain (loss) | — | — | — | ($32k) | $86k | ($432k) | ($139k) | ($10k) | $7k | $5k | — | |
| Gain on sale of facility | — | — | — | — | — | — | — | — | $0 | ($34.9m) | — | |
| Exchange gain (loss) on translating foreign operations | — | — | — | — | — | $31k | ($901k) | — | — | — | — | |
| Other income (expenses), net | ($1.2m) | $387k | ($812k) | $61k | $25k | ($4k) | $728k | ($9k) | $392k | $110k | — | |
| Other expenses, net | — | — | — | — | — | ($14.0m) | ($36.6m) | ($32.8m) | ($22.8m) | ($25.0m) | — | |
| Loss before income taxes and interest in income of equity method investments | — | — | — | ($110.3m) | $36.6m | $18.9m | ($60.4m) | ($46.2m) | ($201.6m) | — | — | |
| Loss before income taxes | — | — | $129.4m | ($33.3m) | $174.3m | $463.1m | $235.1m | ($102.4m) | ($405.7m) | ($172.1m) | — | |
| Net income before income taxes | — | — | — | — | — | $12.9m | $209k | — | — | — | — | |
| Income taxes | ||||||||||||
| Loss Before Income Tax | $79.5m | ($29.4m) | ($88.1m) | ($110k) | ($166k) | ($196.7m) | ($84.5m) | ($53.8m) | ($41.9m) | ($56.6m) | — | |
| Income tax benefits | $413k | ($1.2m) | ($862k) | $0 | $0 | $729k | ($74k) | $228k | $931k | $2.7m | — | |
| Loss from discontinued operations, net of income taxes of $nil, $nil and $nil for the years ended December 31, 2018, 2019 and 2020 | ($30.9m) | $1.8m | ($594k) | ($22.5m) | $0 | — | — | — | — | — | — | |
| Net Loss | $48.1m | ($28.7m) | ($89.5m) | ($110k) | ($166k) | ($195.9m) | ($84.6m) | ($53.6m) | ($41.0m) | ($53.9m) | — | |
| Net loss and loss adjustment expenses | $1.3b | $1.6b | $1.9b | $452.8m | $41.8m | $7.3m | $58.0m | $61.2m | $186.1m | — | — | |
| Net income (loss) for the year | — | — | — | — | — | $11.8m | ($753k) | — | — | — | ($37.7m) | |
| Weighted average number of ordinary shares outstanding used in computing net loss per ordinary share - basic and diluted(i) | — | 25.0m | 25.0m | 33.1m | 41.7m | — | — | — | — | — | — | |
| Net Loss Attributable to Kaixin's Shareholders | $49.0m | ($28.6m) | ($89.2m) | ($110k) | ($166k) | ($196.6m) | ($84.7m) | ($53.6m) | ($41.0m) | ($53.9m) | — | |
| Net loss from continuing operations attributable to Kaixin Auto Holdings' shareholders | — | ($30.5m) | ($88.6m) | ($46.1m) | ($5.3m) | — | — | — | — | — | — | |
| Net loss from discontinued operations attributable to Kaixin Auto Holdings' shareholders | — | $1.8m | ($594k) | — | — | — | — | — | — | — | — | |
| Net income (loss) attributable to common stockholders - Basic and Diluted | — | — | $241.5m | ($37.9m) | $135.5m | — | — | — | — | — | ($37.7m) | |
| Loss Per Share | ||||||||||||
| Loss Per Share - diluted | $0.58 | ($1.15) | ($3.58) | ($0.00) | ($0.00) | ($25.77) | ($380.86) | ($4,213.21) | ($781.64) | ($24.20) | — | |
| Loss per share from continuing operations(i) | — | ($1.22) | ($3.56) | ($1.39) | ($0.13) | — | — | — | — | — | — | |
| Loss per share from discontinued operations(i) | — | $0.07 | ($0.02) | ($0.27) | $0.00 | — | — | — | — | — | — | |
| Basic (loss) earnings from continuing operations per share attributable to Maiden common shareholders (in dollars per share) | $1 | ($2) | ($6) | — | — | — | — | — | — | — | — | |
| Basic loss from discontinued operations per share attributable to Maiden common shareholders (in dollars per share) | ($0) | ($0) | ($1) | — | — | — | — | — | — | — | — | |
| Diluted loss from discontinued operations per share attributable to Maiden common shareholders (in dollars per share) | ($0) | ($0) | ($1) | — | — | — | — | — | — | — | — | |
| Gain from repurchase and exchange of preference shares | — | — | — | — | — | $91.0m | $115.5m | $0 | — | — | — | |
| Gain from repurchase of preference shares | — | — | — | $0 | $38.2m | $91.0m | — | — | — | — | — | |
| Dividends on preference shares | ($33.8m) | ($29.2m) | ($25.6m) | $0 | — | — | — | — | — | — | — | |
| Weighted average number of common shares - basic (in shares) | $77.5m | $85.7m | $83.1m | $83.1m | $84.3m | $86.1m | $87.1m | $101.4m | $99.9m | $69.0m | — | |
| Weighted average number of common shares - diluted (in shares) | $78.7m | $85.7m | $83.1m | $83.1m | $84.3m | $86.1m | $87.1m | $101.4m | $99.9m | $69.6m | — | |
| Other Comprehensive Income (Loss) | ||||||||||||
| (Loss) gain on disposal of subsidiaries | — | — | — | — | — | — | $1.6m | $64k | ($23.0m) | ($7.8m) | — | |
| Change in fair value of warrants | — | — | — | — | — | $2.0m | $316k | ($208k) | $210k | $22k | — | |
| Share of equity loss | — | — | — | $0 | $5.1m | $7.7m | ($205k) | $7.8m | $1.7m | ($41k) | — | |
| Impairment of intangible assets | — | — | — | — | — | — | — | $0 | $0 | ($16.9m) | — | |
| Impairment of other receivables | — | — | — | — | — | — | — | ($8.8m) | — | — | — | |
| Impairment of prepaid expenses and other current assets | — | — | — | — | — | ($4.2m) | ($22.9m) | ($23.3m) | — | ($392k) | — | |
| Less: net (loss) income attributable to non-controlling interests | $842k | ($76k) | ($317k) | ($23.0m) | ($17k) | $651k | $87k | $9k | ($8k) | ($1k) | — | |
| Foreign currency translation adjustment | — | — | ($404k) | $112k | $181k | $512k | $1.9m | ($1.3m) | $972k | $8k | — | |
| Comprehensive Loss | — | — | ($89.1m) | $2k | $15k | ($195.4m) | ($82.8m) | ($54.9m) | ($40.0m) | ($53.9m) | — | |
| Less: comprehensive loss attributable to non-controlling interest | — | — | ($2.5m) | ($23.3m) | $459k | ($768k) | $940k | $754k | $109k | — | — | |
| Comprehensive Loss Attributable to Kaixin's Shareholders | — | — | ($86.7m) | $2k | $15k | ($196.2m) | ($81.8m) | ($54.1m) | ($39.9m) | ($53.9m) | — | |
| Provision for dealership settlement | — | — | — | — | — | ($11.1m) | ($15.1m) | — | — | — | — | |
| Impairment of goodwill | — | $0 | $0 | $74.1m | — | $143.7m | $0 | $0 | — | — | — | |
| Impairment of other non-current assets | — | — | — | $0 | $0 | ($4.2m) | — | — | — | — | — | |
| Recoverable of detained and impaired assets | — | — | — | — | $2.9m | — | — | — | — | — | — | |
| Fair value change of contingent consideration | — | ($1.5m) | ($49.5m) | $65.6m | — | — | — | — | — | — | — | |
| Loss from continuing operations | $79.1m | ($30.5m) | ($88.9m) | ($69.1m) | ($5.3m) | — | — | — | — | — | — | |
| Gross premiums written | $2.1b | $2.1b | $2.0b | ($528.6m) | $31.4m | $10.9m | $5.5m | $23.5m | $33.2m | — | — | |
| Net premiums written | $2.0b | $2.0b | $2.0b | ($531.9m) | $28.4m | $10.4m | $5.1m | $23.2m | $33.1m | — | — | |
| Change in unearned premiums | ($42.1m) | ($44.7m) | $11.6m | $979.6m | $77.6m | $42.6m | $32.6m | $20.8m | $16.4m | — | — | |
| Net premiums earned | $1.9b | $2.0b | $2.0b | $447.8m | $106.1m | $53.0m | $37.7m | $44.0m | $49.5m | — | — | |
| Net realized and unrealized investment gains | $6.8m | $12.2m | ($1.5m) | $27.9m | $24.5m | $12.6m | ($5.1m) | $7.8m | $5.6m | — | — | |
| Commission and other acquisition expenses | $615.5m | $643.8m | $654.7m | $169.8m | $38.8m | $24.8m | $18.5m | $19.5m | $24.3m | — | — | |
| Interest and amortization expenses | $28.2m | $23.3m | $19.3m | $19.3m | $19.3m | $19.3m | $19.3m | $18.2m | $19.3m | — | — | |
| Foreign exchange and other (gains) losses | ($13.4m) | $14.9m | ($4.5m) | ($2.7m) | $8.5m | ($7.7m) | ($8.3m) | $5.7m | ($7.0m) | — | — | |
| Net (loss) income (attributable) available to Maiden common shareholders, basic | $15,224,000.00 | ($199,052,000.00) | ($570,260,000.00) | ($131,903,000.00) | $79,957,000.00 | $117,643,000.00 | $55,432,000.00 | ($38,569,000.00) | ($546,500,000.00) | $25,900,000.00 | — | |
| Net (loss) income (attributable) available to Maiden common shareholders, diluted | ($3,200,000.00) | ($103,400,000.00) | $241,500,000.00 | ($37,900,000.00) | $79,957,000.00 | $117,643,000.00 | $55,432,000.00 | ($38,569,000.00) | ($546,500,000.00) | $25,900,000.00 | — | |
| Accelerated amortization of senior note issuance cost | $2.3m | $2.8m | $0 | — | — | — | — | — | — | — | — | |
| Portion of loss recognized in other comprehensive income (loss) | $0 | — | — | — | — | — | — | — | — | — | — | |
| Net impairment losses recognized in earnings | $0 | — | — | — | — | — | — | — | — | — | — | |
| Merger termination fee and related costs, net | — | — | — | $0 | $0 | ($207.5m) | $0 | $0 | — | — | — | |
| Impairment charges | — | $0 | $0 | $30.7m | $4.3m | $0 | $0 | — | — | — | — | |
| Unrealized gain on derivative liability | ($600k) | ($104.2m) | ($800k) | $8.8m | $0 | $0 | — | — | — | — | — | |
| Less: Cumulative dividends on Series A Preferred Stock | ($800k) | ($900k) | ($900k) | ($300k) | $0 | $0 | — | — | — | — | — | |
| Less: Earnings allocated to Series A Preferred Stock | $0 | $0 | ($5.7m) | ($1.2m) | $0 | $0 | — | — | — | — | — | |
| Accretion of Series A Preferred Stock | ($11.7m) | $0 | $0 | — | — | — | — | — | — | — | — | |
| Media costs | — | — | — | — | — | $58.5m | $60.3m | — | — | — | — | |
| Technology (notes 12 and 18) | — | — | — | — | — | $12.7m | $16.8m | — | — | — | — | |
| Share-based compensation (note 8) | — | — | — | — | — | $4.1m | $5.9m | — | — | — | — | |
| Depreciation and amortization | — | — | — | — | — | $5.1m | $4.9m | — | — | — | $41.2m | |
| Income (loss) from operations | — | — | — | — | — | $10.6m |
($5.5m)
-152.13%
|
— | — | — | $21.2m | |
| Finance costs (note 9) | — | — | — | — | — | $1.1m | $544k | — | — | — | — | |
| Foreign exchange gain | — | — | — | — | — | ($3.4m) | ($6.3m) | — | — | — | — | |
| Other gains (losses) | — | — | — | — | — | ($2.3m) | ($5.7m) | — | — | — | — | |
| Comprehensive income (loss) for the year | — | — | — | — | — | $11.8m | ($1.7m) | — | — | — | — | |
| Professional Fees | — | — | — | — | — | — | — | — | — | $77k | — | |
| Transfer agent and filing fees | — | — | — | — | — | — | — | — | — | $6k | — | |
| Licensing fee | — | — | — | — | — | — | — | — | — | $20k | — | |
| Total expenses | $2.0b | $2.3b | $2.6b | $686.4m | $147.6m | $79.8m | $118.5m | $135.5m | $258.1m | — | $1.0b | |
| Total other-than-temporary impairment losses | $0 | $0 | ($5.8m) | ($165k) | ($2.5m) | $0 | — | — | — | — | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.