Servotronics Income Statement 2024-2009 | SVT

Brief overview of financial performance at Servotronics

The conclusions below are based on five years of reported results. Revenue reported by Servotronics was 55.3 million dollars at the beginning of the period and 9.8 million dollars at the end. Overall revenue changed by −82.3%, equal to an annualized rate of about −29.3%. The decline points to a contraction in the scale of the business.

The gross result shifted from 12.1 million dollars to 8.3 million dollars, or −31.8%. The relationship between sales and direct costs deteriorated. Gross margin moved from 21.9% to 84.6%. The margin shift points to a more favorable sales-and-cost structure.

EBITDA was $4.1 million at the beginning and −$19 thousand at the end of the period (−100.5%). Changes in revenue did not translate into comparable EBITDA performance. Comparing the endpoints gives EBITDA margins of 7.4% and −0.2%. The business retained less EBITDA from each unit of revenue.

Net income moved from $2.1 million at the start to −$1.6 million at the end. The emergence of a loss requires close attention to costs and the operating model.

Summary assessment

The financial trajectory is weak and requires a cautious interpretation. The financial profile benefits from a stronger gross margin. Caution is warranted because of limited revenue growth, a low EBITDA margin and declining net profitability. Further direction will depend on top-line growth, operating profitability, and net income.