PTSI Financial Report Q4 2023

Overview of Revenues

PTSI reported a revenue of $180.17 million for the fourth quarter of 2023. The cost of revenue was recorded at $115.84 million, resulting in a gross profit of $64.32 million with a gross profit ratio of 35.70%. The company reported operating expenses of $36.93 million, including interest expenses of $2.61 million, leading to an operating income of -$811,000. The net income for the quarter was reported at -$2.23 million, with an EPS and EPS Diluted of -$0.10. The weighted average shares outstanding were 22,021,000.

Overview of Balance

The balance sheet reveals that PTSI had a total of $143.82 million in cash and short-term investments at the end of the fourth quarter. The company reported total current assets of $251.04 million, including $87.81 million in net receivables and $2.32 million in inventory. The total non-current assets were reported at $509.42 million, with property, plant, and equipment net totaling $504.72 million. On the liabilities side, total current liabilities were reported at $137.10 million, with long-term debt of $204.06 million and total liabilities of $446.24 million. The total stockholders' equity was reported at $314.22 million.

Financial Performance - Revenue and Cost Interactive Charts

Data Table

Link to SEC Filing

PTSI SEC Filing