IPO Update: Trident Digital Tech Aims For Mini-IPO (Pending:TDTH)

A Quick Take On Trident Digital Tech Holdings

Trident Digital Tech Holdings Ltd (TDTH) has filed proposed terms to raise $16.88 million in gross proceeds from the sale of its Class B common stock in an IPO, accordingregistration statemen

Selling

Expenses vs. Revenue

Period

Percentage

Six Mos. Ended June 30, 2023

52.7%

2022

19.1%

2021

18.8%

Selling

Efficiency Rate

Period

Multiple

Six Mos. Ended June 30, 2023

0.0

2022

2.5

Total Revenue

Period

Total Revenue

% Variance vs. Prior

Six Mos. Ended June 30, 2023

$ 481,165

1.3%

2022

$ 1,262,899

92.2%

2021

$ 657,092

Gross Profit (Loss)

Period

Gross Profit (Loss)

% Variance vs. Prior

Six Mos. Ended June 30, 2023

$ 91,596

-4.8%

2022

$ 262,210

30.8%

2021

$ 200,447

Gross Margin

Period

Gross Margin

% Variance vs. Prior

Six Mos. Ended June 30, 2023

19.04%

-1.2%

2022

20.76%

-31.9%

2021

30.51%

Operating Profit (Loss)

Period

Operating Profit (Loss)

Operating Margin

Six Mos. Ended June 30, 2023

$ (1,906,312)

-396.2%

2022

$ (1,256,486)

-99.5%

2021

$ (97,463)

-14.8%

Comprehensive Income (Loss)

Period

Comprehensive Income (Loss)

Net Margin

Six Mos. Ended June 30, 2023

$ (1,826,559)

-379.6%

2022

$ (1,166,971)

-92.4%

2021

$ 29,661

4.5%

Cash Flow From Operations

Period

Cash Flow From Operations

Six Mos. Ended June 30, 2023

$ (2,380,926)

2022

$ (609,946)

2021

$ 244,100

(Glossary Of Terms)

Measure [TTM]

Amount

Market Capitalization at IPO

$468,642,861

Enterprise Value

$450,809,449

Price / Sales

369.32

EV / Revenue

355.26

EV / EBITDA

-153.56

Earnings Per Share

-$0.05

Operating Margin

-231.36%

Net Margin

-223.83%

Float To Outstanding Shares Ratio

3.60%

Proposed IPO Midpoint Price per Share

$9.00

Net Free Cash Flow

-$3,116,286

Free Cash Flow Yield Per Share

-0.66%

Debt / EBITDA Multiple

-0.21

CapEx Ratio

-19.38

Revenue Growth Rate

1.27%

(Glossary Of Terms)

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