BAER Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	126.49	98.61	66.71	46.39	39.38	13.41
Revenue Growth (YoY)	72.69%	47.83%	43.80%	17.78%	193.63%	-
Cost of Revenue	74.31	57.48	41.34	33.89	26.58	12.85
Gross Profit	52.18	41.14	25.37	12.5	12.8	0.56
Selling, General & Admin	30.04	31.69	71.53	21.17	9.59	9.42
Operating Expenses	33.54	34.69	72.93	22.27	10.22	9.42
Operating Income	18.64	6.45	-47.56	-9.77	2.59	-8.86
Interest Expense	-23.61	-23.71	-23.22	-20.02	-9.29	-1.6
Other Non Operating Income (Expenses)	2.16	2.07	3.05	0.77	0.39	0.06
EBT Excluding Unusual Items	-2.71	-15.2	-67.72	-29.02	-6.32	-10.4
Merger & Restructuring Charges	-1.14	-1.14	-5.69	-11.09	-	-
Gain (Loss) on Sale of Investments	-	-	-	0.6	-	-1.84
Gain (Loss) on Sale of Assets	-0.09	-0.39	-1.18	-1.77	-1	-
Asset Writedown	-	-	-2.4	-	-	-
Other Unusual Items	3.35	0.39	-0.67	-0.85	0.77	-
Pretax Income	-0.59	-16.33	-77.66	-42.13	-6.54	-12.24
Income Tax Expense	0.14	-0.76	-0.3	-	-	-
Net Income	-0.73	-15.57	-77.36	-42.13	-6.54	-12.24
Preferred Dividends & Other Adjustments	26.15	25.34	-85.88	288.35	15.91	14.06
Net Income to Common	-26.88	-40.91	8.52	-330.48	-22.45	-26.3
Shares Outstanding (Basic)	53	51	45	40	40	-
Shares Outstanding (Diluted)	53	51	78	40	40	-
Shares Change (YoY)	13.69%	-34.83%	92.44%	0.41%	-	-
EPS (Basic)	-0.50	-0.81	0.19	-8.20	-0.56	-
EPS (Diluted)	-0.50	-0.81	-1.00	-8.20	-0.56	-
Free Cash Flow	12.33	5.27	-47.55	-45.31	-47.74	-60.82
Free Cash Flow Per Share	0.23	0.10	-0.61	-1.13	-1.19	-
Gross Margin	41.25%	41.72%	38.03%	26.95%	32.51%	4.17%
Operating Margin	14.73%	6.54%	-71.29%	-21.05%	6.57%	-66.04%
Profit Margin	-21.25%	-41.48%	12.78%	-712.42%	-57.01%	-196.06%
Free Cash Flow Margin	9.74%	5.34%	-71.28%	-97.68%	-121.22%	-453.45%
EBITDA	38.8	23.9	-36.47	-0.67	9.26	-6.18
EBITDA Margin	30.67%	24.24%	-54.67%	-1.45%	23.51%	-46.04%
D&A For EBITDA	20.16	17.45	11.09	9.09	6.67	2.68
EBIT	18.64	6.45	-47.56	-9.77	2.59	-8.86
EBIT Margin	14.73%	6.54%	-71.29%	-21.05%	6.57%	-66.04%
Advertising Expenses	-	-	-	0.7	0.09	-

Updated May 9, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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