$ICU Medical (ICUI.US)$Revenue did not change much in the fi...
$ICU Medical(ICUI.US$Revenue did not change much in the first four years over the past five years. In 2022, there was a sharp increase of 73.2%. At the same time, assets increased sharply. The balance sheet shows that goodwill and other intangible assets have increased from 230 million to 2.43 billion yuan. It should have been a sharp increase in revenue brought about by major acquisitions, while long-term loans increased by 1.6 billion dollars.
Operating profit changed from 140 million to a small loss after the acquisition was completed, and net profit changed from 103 million to a loss of 74 million.
Revenue increased by only 4.7% in 2023Q1. The acquisition effect should have come to an end. Operating profit surged 3.4 times to 20 million, and net profit was still lost due to high interest expenses.
Currently, it seems that this round of losses is very strong. It will take time to recover, and there is currently no investment value.
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