Financhill
Buy
68

MREO Quote, Financials, Valuation and Earnings

Last price:
$2.31
Seasonality move :
15.38%
Day range:
$2.22 - $2.33
52-week range:
$1.47 - $3.88
Dividend yield:
0%
P/E ratio:
--
P/S ratio:
715.06x
P/B ratio:
7.81x
Volume:
2.1M
Avg. volume:
2.2M
1-year change:
-32.45%
Market cap:
$364.1M
Revenue:
--
EPS (TTM):
-$0.26
Period Ending 2020-12-31 2021-12-31 2022-12-31 2023-12-31 2024-12-31
Revenue -- $50.1M -- $10M --
Revenue Growth (YoY) -- -- -100% -- -100%
 
Cost of Revenues -- $25.5M -$257.4K $3.6M $1.1M
Gross Profit -- $24.6M $257.4K $6.4M -$1.1M
Gross Profit Margin -- 49.13% -- 63.65% --
 
R&D Expenses $22.3M $32.4M $30.7M $17.5M $20.9M
Selling, General & Admin $28.9M $21.9M $24.1M $18.5M $26.4M
Other Inc / (Exp) -$167M $52.9M $13.1M -$2.1M $791K
Operating Expenses $51.2M $53.4M $53.9M $34.9M $46.3M
Operating Income -$51.2M -$28.8M -$53.7M -$28.5M -$47.4M
 
Net Interest Expenses -- $5.2M $3.6M $2.9M $1.4M
EBT. Incl. Unusual Items -$226.8M $19.6M -$44.5M -$31.4M -$44.9M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense -$3.8M $2.1M -$2.3M -$1.8M -$1.6M
Net Income to Company -$226.8M $19.6M -$44.5M -$29.6M -$43.3M
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items -$223M $17.5M -$42.1M -$29.6M -$43.3M
 
Basic EPS (Cont. Ops) -$3.27 $0.15 -$0.35 -$0.20 -$0.29
Diluted EPS (Cont. Ops) -$3.27 $0.15 -$0.35 -$0.20 -$0.29
Weighted Average Basic Share $67.8M $116.7M $120.6M $131.9M $147.9M
Weighted Average Diluted Share $67.8M $116.7M $120.6M $131.9M $147.9M
 
EBITDA -$216M -$27.9M -$52.8M -$27.5M -$46.3M
EBIT -$218.1M -$28.8M -$53.7M -$28.5M -$47.4M
 
Revenue (Reported) -- $50.1M -- $10M --
Operating Income (Reported) -$51.2M -$28.8M -$53.7M -$28.5M -$47.4M
Operating Income (Adjusted) -$218.1M -$28.8M -$53.7M -$28.5M -$47.4M
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Revenue -- -- -- -- --
Revenue Growth (YoY) -- -- -- -- --
 
Cost of Revenues -- -- -$235K $284.9K --
Gross Profit -- -- $235K -$284.9K --
Gross Profit Margin -- -- -- -- --
 
R&D Expenses -- -- $3.6M $3.2M $4.2M
Selling, General & Admin -- -- $5.7M $6.3M $6M
Other Inc / (Exp) -- -- $2.5M -$6.5M --
Operating Expenses -- -- $9.2M $9.2M $10.3M
Operating Income -- -- -$9M -$9.5M -$10.3M
 
Net Interest Expenses -- -- $11K $356.6K $27.8K
EBT. Incl. Unusual Items -- -- -$6.5M -$15.4M -$7.4M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense -- -- -- -$228.3K -$443.3K
Net Income to Company -- -- -$6.5M -$15.2M -$6.9M
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items -- -- -$6.5M -$15.2M -$7M
 
Basic EPS (Cont. Ops) -- -- -$0.05 -$0.10 -$0.04
Diluted EPS (Cont. Ops) -- -- -$0.05 -$0.10 -$0.04
Weighted Average Basic Share -- -- $137M $154M $160M
Weighted Average Diluted Share -- -- $137M $154M $160M
 
EBITDA -- -- -$5.5M -$9.2M -$10.3M
EBIT -- -- -$5.8M -$9.5M -$10.3M
 
Revenue (Reported) -- -- -- -- --
Operating Income (Reported) -- -- -$9M -$9.5M -$10.3M
Operating Income (Adjusted) -- -- -$5.8M -$9.5M -$10.3M
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Revenue -- -- -- -- $505.9K
Revenue Growth (YoY) -- -- -- -- --
 
Cost of Revenues -- -- -- -- $977.6K
Gross Profit -- -- -- -$817K -$471.7K
Gross Profit Margin -- -- -- -- --
 
R&D Expenses -- -- -- $16.9M $22.4M
Selling, General & Admin -- -- -- $20M $25.3M
Other Inc / (Exp) -- -- $889K -$9.4M --
Operating Expenses -- -- -- $39.3M $46.8M
Operating Income -- -- -- -$38.1M -$47.3M
 
Net Interest Expenses -- -- $667K $997.8K $604.3K
EBT. Incl. Unusual Items -- -- -- -$37.4M -$43.6M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense -- -- -- -$532K -$2M
Net Income to Company -- -- -- -$45.3M -$41.6M
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items -- -- -- -$45.3M -$41.7M
 
Basic EPS (Cont. Ops) -- -- -- -$0.30 -$0.26
Diluted EPS (Cont. Ops) -- -- -- -$0.25 -$0.26
Weighted Average Basic Share
Weighted Average Diluted Share
 
EBITDA -- -- -- -$43.4M -$46.4M
EBIT -- -- -- -$44.5M -$47.3M
 
Revenue (Reported) -- -- -- -- $505.9K
Operating Income (Reported) -- -- -- -$38.1M -$47.3M
Operating Income (Adjusted) -- -- -- -$44.5M -$47.3M
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Revenue -- -- $9M -- $505.9K
Revenue Growth (YoY) -- -- -- -- --
 
Cost of Revenues -- -- $2.8M $817K $706.1K
Gross Profit -- -- $6.2M -$817K -$200.2K
Gross Profit Margin -- -- -- -- --
 
R&D Expenses -- -- $12.6M $12.1M $13.6M
Selling, General & Admin -- -- $14.8M $20M $18.9M
Other Inc / (Exp) -- -- $889K -$6.4M -$2.3M
Operating Expenses -- -- $26.2M $31.4M $31.9M
Operating Income -- -- -$20.1M -$32.2M -$32.1M
 
Net Interest Expenses -- -- $667K $997.8K $232.8K
EBT. Incl. Unusual Items -- -- -$20.4M -$37.4M -$36.1M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense -- -- -- -$1.1M -$1.4M
Net Income to Company -- -- -$20.4M -$36.4M -$34.7M
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items -- -- -$20.4M -$36.4M -$34.7M
 
Basic EPS (Cont. Ops) -- -- -$0.16 -$0.25 -$0.22
Diluted EPS (Cont. Ops) -- -- -$0.16 -$0.25 -$0.22
Weighted Average Basic Share -- -- $387.5M $436.4M $476.7M
Weighted Average Diluted Share -- -- $387.5M $436.4M $476.7M
 
EBITDA -- -- -$17M -$31.4M -$31.6M
EBIT -- -- -$17.8M -$32.2M -$32.1M
 
Revenue (Reported) -- -- $9M -- $505.9K
Operating Income (Reported) -- -- -$20.1M -$32.2M -$32.1M
Operating Income (Adjusted) -- -- -$17.8M -$32.2M -$32.1M
Period Ending 2020-12-31 2021-12-31 2022-12-31 2023-12-31 2024-12-31
Cash and Equivalents $32M $127.7M $67.8M $57.4M $69.8M
Short Term Investments -- -- -- -- --
Accounts Receivable, Net -- -- -- -- --
Inventory -- -- -- -- --
Prepaid Expenses $554.7K $3.8M $3.8M $632K $1.2M
Other Current Assets $2.2M $3.8M $1.4M $340K $129K
Total Current Assets $40.5M $134.5M $74.7M $63.8M $74.8M
 
Property Plant And Equipment $2.1M $3.4M $2.2M $1.7M $984K
Long-Term Investments -- -- -- -- --
Goodwill -- -- -- -- --
Other Intangibles $43.1M $33.2M -- $1.1M --
Other Long-Term Assets -- -- -- -- --
Total Assets $85.8M $171.2M $105.9M $66.5M $76.4M
 
Accounts Payable $4.3M -- -- $2.3M $2.4M
Accrued Expenses $5.7M $5.2M $3.6M $3.5M $1.8M
Current Portion Of Long-Term Debt -- -- $13.3M -- $5.5M
Current Portion Of Capital Lease Obligations $866.8K $839.5K $564K $652K $707K
Other Current Liabilities -- $1.7M $1.4M $30K $61K
Total Current Liabilities $11.7M $17M $29.7M $9.5M $13.8M
 
Long-Term Debt $22M $21.9M $1.5M $5.3M $187K
Capital Leases -- -- -- -- --
Total Liabilities $106.2M $52M $31.5M $16M $15.4M
 
Common Stock $1.4M $2.4M $2.3M $2.8M $3.1M
Other Common Equity Adj $181.8M $185.2M -$21.7M -$17.5M -$18.8M
Common Equity -$20.4M $119.2M $74.4M $50.5M $61M
Total Preferred Equity -- -- -- -- --
Minority Interest, Total -- -- -- -- --
Total Equity -$20.4M $119.2M $74.4M $50.5M $61M
 
Total Liabilities and Equity $85.8M $171.2M $105.9M $66.5M $76.4M
Cash and Short Terms $32M $127.7M $67.8M $57.4M $69.8M
Total Debt -- $22.7M $15.4M $5.3M $5.7M
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Cash and Equivalents -- -- -- $80.5M $48.7M
Short Term Investments -- -- -- -- --
Accounts Receivable, Net -- -- -- -- --
Inventory -- -- -- -- --
Prepaid Expenses -- -- -- $2.5M $1.8M
Other Current Assets -- -- -- $464K --
Total Current Assets -- -- -- $86.7M $52.4M
 
Property Plant And Equipment -- -- -- $1.2M $552K
Long-Term Investments -- -- -- -- --
Goodwill -- -- -- -- --
Other Intangibles -- -- -- -- --
Other Long-Term Assets -- -- -- -- --
Total Assets -- -- -- $88.7M $53.6M
 
Accounts Payable -- -- -- $1.7M $879K
Accrued Expenses -- -- -- $1.6M --
Current Portion Of Long-Term Debt -- -- -- $5.6M --
Current Portion Of Capital Lease Obligations -- -- -- $736K --
Other Current Liabilities -- -- -- $72K --
Total Current Liabilities -- -- -- $14.2M $6M
 
Long-Term Debt -- -- -- $394K --
Capital Leases -- -- -- -- --
Total Liabilities -- -- -- $16.2M $7M
 
Common Stock -- -- -- $3.1M $3.1M
Other Common Equity Adj -- -- -- -$11.1M --
Common Equity -- -- -- -- --
Total Preferred Equity -- -- -- -- --
Minority Interest, Total -- -- -- -- --
Total Equity -- -- -- $72.5M $46.6M
 
Total Liabilities and Equity -- -- -- $88.7M $53.6M
Cash and Short Terms -- -- -- $80.5M $48.7M
Total Debt -- -- -- $5.9M --
Period Ending 2020-12-31 2021-12-31 2022-12-31 2023-12-31 2024-12-31
Net Income to Stockholders -$226.8M $19.6M -$44.5M -$29.6M -$43.3M
Depreciation & Amoritzation $2.2M $882.9K $895.5K $1.1M $1.1M
Stock-Based Compensation $2.1M $4.5M $4.8M $4.9M $7.4M
Change in Accounts Receivable $192.2K -$810.1K $856.1K $457.8K -$1.6M
Change in Inventories -- -- -- -- --
Cash From Operations -$38.6M -$7.2M -$47M -$21.2M -$32.8M
 
Capital Expenditures -- $735.8K $12.3K $420.6K $699.3K
Cash Acquisitions -$482.4K -- -- -- --
Cash From Investing $2M -$580.4K $986.7K -$420.6K -$699.3K
 
Dividends Paid (Ex Special Dividend) -- -- -- -- --
Special Dividend Paid
Long-Term Debt Issued $60.5M -- -- -- --
Long-Term Debt Repaid -$29.8M -$934K -- -$3.2M --
Repurchase of Common Stock -- -- -- $513K --
Other Financing Activities -$6.8M -$315.8K $200K -$444K -$853K
Cash From Financing $47.3M $106.8M -$965.7K $8M $46.2M
 
Beginning Cash (CF) $22.3M $127.7M $67.8M $57.4M $69.8M
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions $10.8M $97.4M -$46.8M -$10.8M $12.4M
Ending Cash (CF) $32M $223.5M $21.2M $49.4M $82M
 
Levered Free Cash Flow -$38.6M -$7.9M -$47M -$21.6M -$33.5M
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Net Income to Stockholders -- -- -$6.5M -$15.2M -$6.9M
Depreciation & Amoritzation -- -- $282K $285.5K -$13.9K
Stock-Based Compensation -- -- $1.5M $1.8M $1.7M
Change in Accounts Receivable -- -- $1.7M -$230.6K $1.7M
Change in Inventories -- -- -- -- --
Cash From Operations -- -- $2.7M -$7.6M -$7.3M
 
Capital Expenditures -- -- -- $2.9K -$1.6K
Cash Acquisitions -- -- -- -- --
Cash From Investing -- -- -- -$2.9K $302.7K
 
Dividends Paid (Ex Special Dividend) -- -- -- -- --
Special Dividend Paid -- -- -- -- --
Long-Term Debt Issued -- -- -- -- --
Long-Term Debt Repaid -- -- -$3.2M -- --
Repurchase of Common Stock -- -- -- -- --
Other Financing Activities -- -- -$511K -$594K --
Cash From Financing -- -- $7.9M -$401K -$1.4K
 
Beginning Cash (CF) -- -- $53M $80.5M $48.7M
Foreign Exchange Rate Adjustment -- -- -- $1.2M -$431.2K
Additions / Reductions -- -- $10.6M -$6.8M -$7.4M
Ending Cash (CF) -- -- $62.5M $74.9M $40.9M
 
Levered Free Cash Flow -- -- $2.7M -$7.6M -$7.3M
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Net Income to Stockholders -- -- -- -$45.3M -$41.6M
Depreciation & Amoritzation -- -- -- $1.1M $829.8K
Stock-Based Compensation -- -- $4.1M $6.7M $7.6M
Change in Accounts Receivable -- -- -- -$385K $1.3M
Change in Inventories -- -- -- -- --
Cash From Operations -- -- -- -$30.2M -$32.7M
 
Capital Expenditures -- -- -- $702.1K $318.3K
Cash Acquisitions -- -- -- -- --
Cash From Investing -- -- -- -$699K -$17.2K
 
Dividends Paid (Ex Special Dividend) -- -- -- -- --
Special Dividend Paid
Long-Term Debt Issued -- -- -- -- --
Long-Term Debt Repaid -- -- -- -- --
Repurchase of Common Stock -- -- -- -- --
Other Financing Activities -- -- -- -- --
Cash From Financing -- -- -- $46.2M $60.8K
 
Beginning Cash (CF) -- -- -- -- --
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions -- -- -- $15.3M -$32M
Ending Cash (CF) -- -- -- -- --
 
Levered Free Cash Flow -- -- -- -$30.9M -$33M
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Net Income to Stockholders -- -- -$20.4M -$36.4M -$34.7M
Depreciation & Amoritzation -- -- $780K $817.6K $558.9K
Stock-Based Compensation -- -- $4.1M $5.9M $6.1M
Change in Accounts Receivable -- -- -$232K -$1.1M $1.9M
Change in Inventories -- -- -- -- --
Cash From Operations -- -- -$14.3M -$23.5M -$23.4M
 
Capital Expenditures -- -- -- $702.1K $321.1K
Cash Acquisitions -- -- -- -- --
Cash From Investing -- -- -$419K -$702.1K -$20K
 
Dividends Paid (Ex Special Dividend) -- -- -- -- --
Special Dividend Paid -- -- -- -- --
Long-Term Debt Issued -- -- -- -- --
Long-Term Debt Repaid -- -- -$3.2M -- --
Repurchase of Common Stock -- -- -- -- --
Other Financing Activities -- -- -$444K -$813K -$65K
Cash From Financing -- -- $8M $46.4M $289.1K
 
Beginning Cash (CF) -- -- $181M $216.6M $167.3M
Foreign Exchange Rate Adjustment -- -- -- $1M $1.9M
Additions / Reductions -- -- -$6.8M $23.2M -$21.2M
Ending Cash (CF) -- -- $175.3M $240.8M $148M
 
Levered Free Cash Flow -- -- -$14.8M -$24.2M -$23.7M

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