Cion Investment Corp - Understand $cion stock

$CION Market Cap: $644.1 Million

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Financial Snapshot

Revenue

$145.3M

TTM

Gross Margin

93.02%

TTM

Net Earnings

$127.3M

TTM

Current Assets

$13.50M

Q2 2024

Current Liabilities

$37.95M

Q2 2024

Current Ratio

35.57%

Q2 2024

Total Assets

$1.960B

Q2 2024

Total Liabilities

$1.100B

Q2 2024

Book Value

$860.8M

Q2 2024

Cash

$9.798M

Q2 2024

P/E

5.060

Oct 17, 2024 EST

Free Cash Flow

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018
Revenue	$105.0M	$88.58M	$157.3M	$163.8M	$201.1M	$188.1M
YoY Change	18.5%	-43.71%	-3.96%	-18.53%	6.89%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018
Revenue	$105.0M	$88.58M	$157.3M	$163.8M	$201.1M	$188.1M
Cost Of Revenue	$134.7M	$95.70M	$69.83M	$76.30M	$106.1M	$88.81M
Gross Profit	$116.3M	$99.20M	$87.52M	$87.55M	$95.02M	$99.33M
Gross Profit Margin	110.82%	112.0%	55.62%	53.43%	47.25%	52.8%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018
Selling, General & Admin	$11.35M	$10.63M	$12.87M	$8.550M	$7.695M	$9.154M
YoY Change	6.84%	-17.46%	50.57%	11.11%	-15.94%
% of Gross Profit	9.76%	10.71%	14.71%	9.77%	8.1%	9.22%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses	$146.0M	$106.3M	$12.87M	$8.550M	$7.695M	$9.154M
YoY Change	37.36%	725.86%	50.57%	11.11%	-15.94%
Operating Profit	-$29.72M	-$7.118M	$74.65M	$79.00M	$87.32M	$90.18M
YoY Change	317.55%	-109.54%	-5.5%	-9.54%	-3.16%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018
Interest Expense	$85.56M	$49.62M	$44.46M	-$89.75M	-$35.47M	-$58.87M
YoY Change	72.41%	11.62%	-149.53%	153.04%	-39.75%
% of Operating Profit			59.55%	-113.61%	-40.62%	-65.28%
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018
Pretax Income	$95.26M	$50.51M	$119.1M	-$10.75M	$51.86M	$31.31M
YoY Change	88.59%	-57.59%	-1207.55%	-120.74%	65.62%
Income Tax	-$54.00K	$372.0K	$342.0K	$268.0K	$12.00K
% Of Pretax Income	-0.06%	0.74%	0.29%		0.02%
Net Earnings	$95.31M	$50.14M	$118.8M	-$11.02M	$51.84M	$31.31M
YoY Change	90.09%	-57.78%	-1177.52%	-121.26%	65.58%
Net Earnings / Revenue	90.8%	56.61%	75.48%	-6.73%	25.78%	16.64%
Basic Earnings Per Share
Diluted Earnings Per Share	$1.74	$0.89	$2.091M	-$194.0K	$911.9K	$548.6K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018
Cash & Short-Term Investments	$8.415M	$82.74M	$3.774M	$19.91M	$6.135M	$17.58M
YoY Change	-89.83%	2092.34%	-81.05%	224.6%	-65.1%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets	$1.348M	$825.0K	$466.0K	$1.788M	$985.0K	$189.0K
YoY Change	63.39%	77.04%	-73.94%	81.52%	421.16%
Inventory
Prepaid Expenses
Receivables	$967.0K	$2.291M	$2.854M	$6.238M	$19.66M	$5.787M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$3.281M	$0.00
Total Short-Term Assets	$10.73M	$85.86M	$7.094M	$27.94M	$30.06M	$23.56M
YoY Change	-87.5%	1110.25%	-74.61%	-7.05%	27.61%
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$1.954B	$1.760B	$1.754B	$1.569B	$1.765B	$1.865B
YoY Change	11.04%	0.34%	11.77%	-11.09%	-5.37%
Other Assets
YoY Change
Total Long-Term Assets	$1.991B	$1.787B	$1.776B	$1.587B	$1.780B	$1.883B
YoY Change	11.44%	0.62%	11.89%	-10.87%	-5.45%
Total Assets	$2.002B	$1.872B	$1.783B	$1.615B	$1.810B	$1.906B
YoY Change
Accounts Payable	$5.728M	$1.012M	$11.33M	$133.0K	$1.568M	$16.85M
YoY Change	466.01%	-91.07%	8416.54%	-91.52%	-90.69%
Accrued Expenses	$23.90M	$21.51M	$16.55M	$15.76M	$18.86M	$16.79M
YoY Change	11.08%	29.99%	5.03%	-16.46%	12.37%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$40.46M	$37.46M	$27.88M	$16.45M	$19.68M	$17.72M
YoY Change	8.02%	34.36%	69.46%	-16.4%	11.01%
Long-Term Debt	$1.082B	$951.3M	$822.4M	$720.0M	$836.6M	$892.6M
YoY Change	13.71%	15.68%	14.23%	-13.94%	-6.28%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$1.082B	$951.3M	$822.4M	$720.0M	$836.6M	$892.6M
YoY Change	13.71%	15.68%	14.23%	-13.94%	-6.28%
Total Liabilities	$1.122B	$988.8M	$852.2M	$736.5M	$857.8M	$927.2M
YoY Change	13.49%	16.03%	15.7%	-14.14%	-7.48%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020
Basic Shares Outstanding	54.69M shares	56.56B shares	56.81B shares	56.82B shares
Diluted Shares Outstanding	54.69M shares	56.56B shares	56.81B shares	56.82B shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $644.12 Million

About Cion Investment Corp

CION Investment Corp. is a closed-end management investment company, which engages in investment in senior secured debt of U.S. middle market companies. The company is headquartered in New York City, New York. The company went IPO on 2021-01-19. The firm's investment objective is to generate current income and, to a lesser extent, capital appreciation for investors. Its portfolio is comprised primarily of investments in senior secured debt, including first lien loans, second lien loans and unitranche loans, and, to a lesser extent, collateralized securities, structured products and other similar securities, unsecured debt, and equity, of private and thinly traded United States middle-market companies. The firm's investment portfolio includes healthcare and pharmaceuticals, chemicals, plastics and rubber, high-tech industries, beverage, food and tobacco, capital equipment, banking, finance, insurance and real estate, aerospace and defense, construction and building, telecommunications, hotel, gaming, and leisure, automotive, and metals and mining. Its investment adviser is CION Investment Management, LLC.

Industry: UNKNOWN Peers: GAMCO Investors Inc Diamond Hill Investment Group Inc Blackstone Inc Capital Southwest Corp Carlyle Secured Lending, Inc. Crescent Capital BDC Inc Runway Growth Finance Corp Sculptor Capital Management, Inc. PennantPark Floating Rate Capital Ltd Trinity Capital Inc