$Procaps (PROC.US)$After going public in 2019, the revenue c...
$Procaps (PROC.US)$After going public in 2019, the revenue continued to grow for 3 years. The operating profit peaked in 2021, but in 2022, it plummeted significantly by 43.1%. The net income is quite interesting, with a loss of 0.1 billion in 2021, and instead reaching 0.043 billion in 2022. The income statement shows that this was largely due to a sharp decrease in interest expenses, and on the other hand, other expenses of 0.069 billion in 2021 turned into other net income of 0.049 billion in 2022.
Although interest expenses sharply decreased in 2022, they still accounted for 90% of the operating profit, which is a heavy burden.
Currently, the PE ratio is 10.6. Due to the fact that the net income in 2022 mainly came from other net income, it lacks attractiveness.
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