Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $178 | $202 | $257 | $261 | $261 |
| Gross Profit | $172 | $193 | $247 | $252 | $252 |
| Operating Income | $8 | $30 | $14 | $84 | $20 |
| Net Income | $4 | -$0 | -$14 | $41 | -$11 |
Over the five-year period, CENTERSPACE’s revenue and gross profit show an overall upward trend, with revenue growing from about 178 million USD in 2020 to peak near 261 million USD in 2023 before a slight decline in 2024. Gross profit follows a similar trend, suggesting the company has been successful in scaling its sales, with margins remaining high throughout the period. Notably, revenue grew by approximately 13% from 2020 to 2021 and by nearly 27% from 2021 to 2022, indicating strong market demand or effective sales strategies during those years. However, the slight dip in revenue and gross profit in 2024 could hint at emerging market pressures or a retraction after a surge in prior years. Operating income and net income, on the other hand, display significant volatility. Operating income jumped from 8.34 million USD in 2020 to about 29.9 million USD in 2021 (an increase of over 250%), only to drop to 13.9 million USD in 2022. A dramatic recovery followed in 2023 with operating income surging to 84.5 million USD—an enormous swing suggesting abrupt operational improvements, but then contracting to 20.5 million USD in 2024. Net income also mirrored these swings: turning slightly negative in 2021, deepening its loss in 2022, rebounding strongly in 2023, and then declining again in 2024. This pattern may reflect underlying issues with cost management or one-off events impacting earnings. Overall, while CENTERSPACE shows robust top-line growth, the inconsistent operating and net income figures raise questions about its sustainable profitability and the stability of its operational performance in a competitive industry.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.