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PRIME MERIDIAN HLDG CO (PMHG) Financials

PMHG
Trailing 12 months to September 30, 2024
Revenue $31.7M -0.2% YoY
Net Income $8.1M -14.5% YoY
EPS (Diluted) $2.46 -16.9% YoY
Free Cash Flow $8.2M -43.8% YoY
Source SEC Filings (10-K/10-Q) Latest period Q3 FY2024, ended Sep 30, 2024 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q3 FY2024, filed Nov 8, 2024. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the PMHG SEC filings page.

PRIME MERIDIAN HLDG CO (PMHG) reported $31.7M in revenue over the twelve months to Sep 30, 2024, down 0.2% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI PMHG FY2023

Asset expansion continued, but a sharp funding-cost increase compressed earnings and made balance-sheet leverage central to operations.

Revenue edged up 4.5% from FY2022 to FY2023, while interest expense nearly quadrupled, indicating that funding-cost pressure—not weaker top-line activity—drove the earnings reset. Net profit margin consequently fell from 32.4% to 27.9%, linking the financing shift to lower earnings efficiency.

Equity expanded 19.3% in FY2023, outpacing asset growth and providing a thicker balance-sheet buffer. As a result, debt-to-equity declined from 11.2x to 9.7x, creating a less leveraged balance sheet even though liabilities remained large relative to equity.

Operating cash flow fell from $17.6M to $10.5M; its broad alignment with earnings indicates cash-backed profits even as earnings weakened. Meanwhile, capex was just $178K against -$49.4M of investing cash flow, showing that cash deployment was concentrated in investment activity rather than fixed assets.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

PRIME MERIDIAN HLDG CO does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial
3/6

PRIME MERIDIAN HLDG CO passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Cash-Backed
1.21x

For every $1 of reported earnings, PRIME MERIDIAN HLDG CO generates $1.21 in operating cash flow ($10.5M OCF vs $8.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue
$8.5M
YoY+10.2%
QoQ+7.0%
5Y CAGR+14.3%
10Y CAGR+14.8%

PRIME MERIDIAN HLDG CO generated $8.5M in revenue in Q3 2024. This represents an increase of 10.2% from the same quarter a year earlier. Against the prior quarter it is up 7.0%.

Net Income
$2.6M
YoY+22.8%
QoQ+46.7%
5Y CAGR+22.0%
10Y CAGR+24.3%

PRIME MERIDIAN HLDG CO reported $2.6M in net income in Q3 2024. This represents an increase of 22.8% from the same quarter a year earlier. Against the prior quarter it is up 46.7%.

EPS (Diluted)
$0.78
YoY+18.2%
QoQ+44.4%
5Y CAGR+20.3%
10Y CAGR+16.5%

PRIME MERIDIAN HLDG CO earned $0.78 per diluted share (EPS) in Q3 2024. This represents an increase of 18.2% from the same quarter a year earlier. Against the prior quarter it is up 44.4%.

EBITDA

Not reported for Q3 2024.

Cash & Balance Sheet

Free Cash Flow
$2.6M
YoY-40.1%
QoQ+10164.0%
10Y CAGR+12.4%

PRIME MERIDIAN HLDG CO generated $2.6M in free cash flow in Q3 2024, representing cash available after capex. This represents a decrease of 40.1% from the same quarter a year earlier. Against the prior quarter it is up 10164.0%.

Dividends Per Share
$0.00

PRIME MERIDIAN HLDG CO paid $0.00 per share in dividends in Q3 2024.

Shares Outstanding
3M
YoY+0.9%
QoQ-0.2%
5Y CAGR+0.6%
10Y CAGR+6.1%

PRIME MERIDIAN HLDG CO had 3M shares outstanding in Q3 2024. This represents an increase of 0.9% from the same quarter a year earlier. Against the prior quarter it is down 0.2%.

Cash & Debt

Not reported for Q3 2024.

Margins & Returns

Net Margin
30.7%
YoY+3.1pp
QoQ+8.3pp
5Y change+8.6pp
10Y change+16.8pp

PRIME MERIDIAN HLDG CO's net profit margin was 30.7% in Q3 2024, showing the share of revenue converted to profit. This is up 3.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 8.3 percentage points.

Return on Equity
2.9%
YoY+0.1pp
QoQ+0.8pp
5Y change+1.2pp
10Y change+1.5pp

PRIME MERIDIAN HLDG CO's ROE was 2.9% in Q3 2024, measuring profit generated per dollar of shareholder equity. This is up 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.8 percentage points.

Gross Margin

Not reported for Q3 2024.

Operating Margin

Not reported for Q3 2024.

Capital Allocation

Capital Expenditures
$15K
YoY-68.8%
QoQ-58.3%
5Y CAGR-53.0%
10Y CAGR-12.2%

PRIME MERIDIAN HLDG CO invested $15K in capex in Q3 2024, funding long-term assets and infrastructure. This represents a decrease of 68.8% from the same quarter a year earlier. Against the prior quarter it is down 58.3%.

R&D Spending

Not reported for Q3 2024.

Share Buybacks

Not reported for Q3 2024.

PMHG Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

PMHG quarterly income statement
MetricQ3'2410-QQ2'2410-QQ1'2410-QQ4'2310-QQ3'2310-QQ2'2310-QQ1'2310-QQ4'2210-K
Revenue$8.5M+10.2%$7.9M+1.3%$7.6M-5.1%$7.7M-6.5%$7.7M-4.9%$7.8M+9.4%$8.0M+25.4%$8.3M+32.5%
SG&A Expenses$3.0M+5.1%$3.0M+10.2%$2.9M+4.1%$2.8M-1.7%$2.9M+21.0%$2.7M+22.6%$2.8M+27.4%$2.9M+18.9%
Interest Expense$4.8M+58.7%$4.3M+86.8%$3.9M+139.2%$3.6M+198.6%$3.0M+340.4%$2.3M+411.2%$1.6M+278.8%$1.2M+137.7%
Income Tax$835K+25.0%$553K-22.4%$603K-24.3%$562K-32.7%$668K-28.0%$713K+26.0%$797K+9.6%$835K+94.6%
Net Income$2.6M+22.8%$1.8M-21.4%$1.9M-22.8%$1.8M-30.7%$2.1M-25.1%$2.3M+14.7%$2.5M+11.6%$2.6M+50.8%
EPS (Basic)$0.79+19.7%$0.54-23.9%$0.59-25.3%$0.56-33.3%$0.66-26.7%$0.71+14.5%$0.79+11.3%$0.84+50.0%
EPS (Diluted)$0.78+18.2%$0.54-22.9%$0.59-24.4%$0.55-32.9%$0.66-25.8%$0.70+12.9%$0.78+9.9%$0.82+46.4%
Diluted Shares (Avg)3M+2.7%3M+3.4%3M+2.8%N/A3M+1.2%3M+0.4%3M+1.1%N/A

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.

PMHG Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

PMHG quarterly balance sheet
MetricQ3'2410-QQ2'2410-QQ1'2410-QQ4'2310-QQ3'2310-QQ2'2310-QQ1'2310-QQ4'2210-K
Total Assets$931.6M+12.0%$893.4M+8.8%$862.7M+5.7%$854.5M+4.8%$832.0M0.0%$821.0M-4.6%$816.3M-5.8%$815.2M-3.1%
Total Liabilities$843.1M+11.3%$809.9M+8.4%$781.2M+5.1%$774.6M+3.5%$757.2M-1.5%$746.9M-6.2%$743.6M-7.1%$748.1M-3.4%
Total Equity$88.5M+18.3%$83.5M+12.6%$81.4M+12.1%$80.0M+19.3%$74.8M+17.0%$74.2M+14.8%$72.7M+10.5%$67.1M0.0%
Retained Earnings$52.7M+16.1%$50.1M+15.8%$48.3M+17.8%$47.2M+26.7%$45.4M+31.1%$43.3M+36.1%$41.0M+37.5%$37.3M+32.4%

Not reported in any period shown, so not listed: Current Assets, Cash & Equivalents, Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Goodwill, Current Liabilities, Non-Current Liabilities, Long-Term Debt.

PMHG Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

PMHG quarterly cash flow statement
MetricQ3'2410-QQ2'2410-QQ1'2410-QQ4'2310-QQ3'2310-QQ2'2310-QQ1'2310-QQ4'2210-K
Operating Cash Flow$2.6M-40.5%$61K-98.1%$1.9M+345.7%$3.8M-52.3%$4.3M-26.9%$3.2M+205.1%-$792K-129.4%$7.9M+1741.4%
Depreciation & Amortization$169K-6.6%$176K-1.1%$180K-0.6%$184K+2.8%$181K+2.3%$178K+7.2%$181K+12.4%$179K-1.1%
Stock-Based CompensationN/AN/A$119K+43.4%N/AN/AN/A$83K+13.7%N/A
Capital Expenditures$15K-68.8%$36K+16.1%$110K+111.5%$47K+46.9%$48K-59.3%$31K-93.7%$52K-50.0%$32K-74.4%
Free Cash Flow$2.6M-40.1%$25K-99.2%$1.8M+317.5%$3.7M-52.7%$4.3M-26.2%$3.2M+462.8%-$844K-132.6%$7.9M+2485.6%
Investing Cash Flow$9.5M+168.9%-$1.3M+83.7%-$14.6M-4.1%-$13.7M+33.1%-$13.7M+60.8%-$8.1M+91.7%-$14.0M+48.9%-$20.4M+17.4%
Financing Cash Flow$33.6M+236.9%$28.7M+630.5%$7.7M+438.1%$15.9M+167.0%$10.0M+134.3%$3.9M+225.6%-$2.3M-109.1%-$23.7M-152.6%
Dividends Paid$0$0$818K+17.2%$0$0$0$698K+23.1%$0

Not reported in any period shown, so not listed: Share Buybacks.

PMHG Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

PMHG quarterly financial ratios
MetricQ3'2410-QQ2'2410-QQ1'2410-QQ4'2310-QQ3'2310-QQ2'2310-QQ1'2310-QQ4'2210-K
Net Margin30.7%+3.1pp22.4%-6.5pp25.4%-5.8pp23.6%-8.2pp27.6%-7.4pp28.9%+1.4pp31.3%-3.9pp31.9%+3.9pp
Return on Equity2.9%+0.1pp2.1%-0.9pp2.4%-1.1pp2.3%-1.6pp2.8%-1.6pp3.0%0.0pp3.4%0.0pp3.9%+1.3pp
Return on Assets0.3%0.0pp0.2%-0.1pp0.2%-0.1pp0.2%-0.1pp0.3%-0.1pp0.3%0.0pp0.3%+0.1pp0.3%+0.1pp
Debt-to-Equity9.53-0.6x9.70-0.4x9.59-0.6x9.68-1.5x10.12-1.9x10.07-2.3x10.23-1.9x11.16-0.4x
Asset Turnover0.010.0x0.010.0x0.010.0x0.010.0x0.010.0x0.010.0x0.010.0x0.010.0x
FCF Margin30.3%-25.5pp0.3%-40.5pp24.2%+34.8pp48.1%-47.0pp55.8%-16.1pp40.8%+32.9pp-10.6%-51.2pp95.2%+90.3pp

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.

Frequently Asked Questions

What is PRIME MERIDIAN HLDG CO's annual revenue?

PRIME MERIDIAN HLDG CO (PMHG) reported $31.2M in total revenue for fiscal year 2023. This represents a 4.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is PRIME MERIDIAN HLDG CO's revenue growing?

PRIME MERIDIAN HLDG CO (PMHG) revenue grew by 4.5% year-over-year, from $29.9M to $31.2M in fiscal year 2023.

Is PRIME MERIDIAN HLDG CO profitable?

Yes, PRIME MERIDIAN HLDG CO (PMHG) reported a net income of $8.7M in fiscal year 2023, with a net profit margin of 27.9%.

PRIME MERIDIAN HLDG CO (PMHG) reported diluted earnings per share of $2.68 for fiscal year 2023. This represents a -11.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

PRIME MERIDIAN HLDG CO (PMHG) had a net profit margin of 27.9% in fiscal year 2023, representing the share of revenue converted into profit after all expenses.

PRIME MERIDIAN HLDG CO (PMHG) has a return on equity of 10.9% for fiscal year 2023, measuring how efficiently the company generates profit from shareholder equity.

PRIME MERIDIAN HLDG CO (PMHG) generated $10.4M in free cash flow during fiscal year 2023. This represents a -38.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

PRIME MERIDIAN HLDG CO (PMHG) generated $10.5M in operating cash flow during fiscal year 2023, representing cash generated from core business activities.

PRIME MERIDIAN HLDG CO (PMHG) had $854.5M in total assets as of fiscal year 2023, including both current and long-term assets.

PRIME MERIDIAN HLDG CO (PMHG) invested $178K in capital expenditures during fiscal year 2023, funding long-term assets and infrastructure.

PRIME MERIDIAN HLDG CO (PMHG) had 3M shares outstanding as of fiscal year 2023.

PRIME MERIDIAN HLDG CO (PMHG) had a debt-to-equity ratio of 9.68 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.

PRIME MERIDIAN HLDG CO (PMHG) had a return on assets of 1.0% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.

PRIME MERIDIAN HLDG CO (PMHG) has a Piotroski F-Score of 3 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

PRIME MERIDIAN HLDG CO (PMHG) has an earnings quality ratio of 1.21x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

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