Tidewater Marine Services Watch
Marine repair and dockage · Loan + revenue share · $7.5M deployed · Last report Oct 13
Performance
Last 12 months’ revenue, monthly.
$29.0M
+0.4% vs budget
(Revenue − cost of goods) ÷ revenue, last 12 months. New, added by Your Cohort
28.0%
−0.2 pts vs budget
Last 12 months’ EBITDA after approved adjustments, monthly.
$3.6M
−1.8% vs budget
Adj. EBITDA ÷ revenue.
12.4%
Budget 12.7%
Results vs budget and last year
As of Sep 30 · monthly
| Last 12 months | Actual | Budget | vs budget | Last year |
|---|---|---|---|---|
| Revenue | $29.0M | $28.9M | +0.4% | $28.2M |
| Gross margin | 28.0% | 28.2% | −0.2 pts | 27.6% |
| Operating costs | $4.5M | $4.5M | +1.2% | $4.4M |
| Adj. EBITDA | $3.6M | $3.7M | −1.8% | $3.6M |
From reported to adjusted EBITDA
What was added back, and why
Last 12 months · $M
- Reported EBITDA$3.0M
- + Hurricane repair costs (one-time)$0.3M
- + Dock lease buyout$0.2M
- + Owner pay normalized to market$0.1M
- Adjusted EBITDA$3.6M
Reported and adjustedAdded back
| Step | Amount | Running total |
|---|---|---|
| Reported EBITDA | $3.0M | $3.0M |
| Hurricane repair costs (one-time) | +$0.3M | $3.3M |
| Dock lease buyout | +$0.2M | $3.5M |
| Owner pay normalized to market | +$0.1M | $3.6M |
| Adjusted EBITDA | $3.6M | $3.6M |
Adjustments are 17% of the total. The hurricane costs stop after this year.
Improvement plan
Progress on the winter cash plan
Cost savings achieved$0.4M of $0.9M
- Move winter storage to fixed contracts60% done
- Stop related-party payments without approvalIn progress
- Fill the two open technician rolesOn track
- Weekly cash call every TuesdayOn track
New marks a measure Your Cohort adds to Thorne’s reporting · fictional companies and figures · thresholds are placeholders · select or hover any dotted label for its definition