Virtus Equity & Convertible Income Fund

$NIE Market Cap: $663.6 Million

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$22.16M

TTM

Gross Margin

32.04%

TTM

Net Earnings

-$14.68M

TTM

Current Assets

$27.81M

Q1 2024

Current Liabilities

$11.86M

Q1 2024

Current Ratio

234.52%

Q1 2024

Total Assets

$671.8M

Q1 2024

Total Liabilities

$11.86M

Q1 2024

Book Value

$660.0M

Q1 2024

Cash

P/E

-45.22

Nov 29, 2024 EST

Free Cash Flow

Revenues

Revenue YoY Change

Revenues

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue	$11.65M	$10.51M	$7.651M	$9.590M	$11.86M	$12.69M	$17.72M	$17.48M	$19.70M	$21.81M	$16.56M	$13.49M	$12.70M	$13.37M	$12.89M	$19.55M	$19.41M
YoY Change	10.83%	37.37%	-20.22%	-19.14%	-6.54%	-28.39%	1.37%	-11.27%	-9.67%	31.7%	22.76%	6.22%	-5.01%	3.72%	-34.07%	0.72%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue	$11.65M	$10.51M	$7.651M	$9.590M	$11.86M	$12.69M	$17.72M	$17.48M	$19.70M	$21.81M	$16.56M	$13.49M	$12.70M	$13.37M	$12.89M	$19.55M	$19.41M
Cost Of Revenue	$6.985M	$7.850M	$10.15M	$7.490M	$6.670M	$6.600M	$6.280M	$5.910M	$6.200M	$6.420M	$4.860M	$4.410M	$4.390M	$4.220M	$3.620M	$4.460M	$5.220M
Gross Profit	$4.663M	$2.660M	-$2.500M	$2.100M	$5.190M	$6.100M	$11.44M	$11.57M	$13.50M	$15.39M	$11.70M	$9.080M	$8.310M	$9.150M	$9.270M	$15.09M	$14.19M
Gross Profit Margin	40.03%	25.31%	-32.68%	21.9%	43.76%	48.07%	64.56%	66.19%	68.53%	70.56%	70.65%	67.31%	65.43%	68.44%	71.92%	77.19%	73.11%

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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Selling, General & Admin	$176.0K	$333.0K	$361.0K	$310.0K	$320.0K	$290.0K	$310.0K	$310.0K	$300.0K	$350.0K	$410.0K	$260.0K	$270.0K	$270.0K	$260.0K	$200.0K	$260.0K
YoY Change	-47.15%	-7.76%	16.45%	-3.13%	10.34%	-6.45%	0.0%	3.33%	-14.29%	-14.63%	57.69%	-3.7%	0.0%	3.85%	30.0%	-23.08%
% of Gross Profit	3.77%	12.52%		14.76%	6.17%	4.75%	2.71%	2.68%	2.22%	2.27%	3.5%	2.86%	3.25%	2.95%	2.8%	1.33%	1.83%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses	-$244.0K	-$268.0K	$65.00K	$370.0K	$330.0K	$730.0K	$320.0K	$340.0K	$450.0K	$670.0K	$330.0K	$270.0K	$270.0K	$280.0K	$260.0K	$210.0K	$280.0K
YoY Change	-8.96%	-512.31%	-82.43%	12.12%	-54.79%	128.13%	-5.88%	-24.44%	-32.84%	103.03%	22.22%	0.0%	-3.57%	7.69%	23.81%	-25.0%
Operating Profit	$4.907M	$2.928M	-$2.565M	$1.730M	$4.860M	$5.370M	$11.12M	$11.23M	$13.05M	$14.72M	$11.37M	$8.810M	$8.040M	$8.870M	$9.010M	$14.88M	$13.91M
YoY Change	67.59%	-214.15%	-248.27%	-64.4%	-9.5%	-51.71%	-0.98%	-13.95%	-11.35%	29.46%	29.06%	9.58%	-9.36%	-1.55%	-39.45%	6.97%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Interest Expense	$88.84M	-$111.4M	$77.09M	$207.2M	$102.6M	-$18.17M	$113.3M	$76.42M	-$32.69M	$31.20M	$56.38M	$34.46M	-$5.370M	$76.42M	$108.9M	-$187.0M	$15.16M
YoY Change	-179.78%	-244.45%	-62.79%	101.95%	-664.61%	-116.03%	48.29%	-333.77%	-204.78%	-44.66%	63.61%	-741.71%	-107.03%	-29.85%	-158.25%	-1333.71%
% of Operating Profit	1810.56%	-3803.14%		11975.72%	2110.91%	-338.36%	1019.06%	680.5%	-250.5%	211.96%	495.87%	391.15%	-66.79%	861.56%	1209.1%	-1256.92%	108.99%
Other Income/Expense, Net											$0.00
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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Pretax Income	$93.75M	-$108.4M	$74.53M	$208.9M	$107.5M	-$12.81M	$124.5M	$87.65M	-$19.64M	$45.92M	$67.75M	$43.27M	$2.670M	$85.30M	$118.0M	-$172.1M	$29.07M
YoY Change	-186.46%	-245.49%	-64.33%	94.43%	-938.8%	-110.29%	41.99%	-546.28%	-142.77%	-32.22%	56.57%	1520.6%	-96.87%	-27.68%	-168.52%	-692.16%
Income Tax										$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
% Of Pretax Income										0.0%	0.0%	0.0%	0.0%	0.0%	0.0%		0.0%
Net Earnings	$93.75M	-$108.4M	$74.53M	$208.9M	$107.5M	-$12.81M	$124.5M	$87.65M	-$19.64M	$45.92M	$67.75M	$43.27M	$2.670M	$85.30M	$118.0M	-$172.1M	$29.07M
YoY Change	-186.46%	-245.49%	-64.33%	94.43%	-938.8%	-110.29%	41.99%	-546.28%	-142.77%	-32.22%	56.57%	1520.6%	-96.87%	-27.68%	-168.52%	-692.16%
Net Earnings / Revenue	804.87%	-1031.67%	974.08%	2178.52%	905.99%	-100.95%	702.31%	501.43%	-99.7%	210.55%	409.12%	320.76%	21.02%	638.0%	915.05%	-880.51%	149.77%
Basic Earnings Per Share
Diluted Earnings Per Share	$3.38	-$3.91	$2.690M	$7.540M	$3.878M	-$462.3K	$4.491M	$3.163M	-$708.8K	$1.657M	$2.445M	$1.940M	$119.7K	$3.825M	$5.289M	-$7.719M	$1.304M

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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Cash & Short-Term Investments	$20.38M	$101.0K	$100.0K	$600.0K	$0.00	$6.900M	$400.0K
YoY Change	20078.22%	1.0%	-83.33%		-100.0%	1625.0%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets	$160.0K	$161.0K	$203.0K	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	-0.62%	-20.69%
Inventory
Prepaid Expenses
Receivables	$6.284M	$5.209M	$517.0K	$800.0K	$1.200M	$1.200M	$1.500M	$1.300M	$1.500M	$1.600M	$1.400M	$1.300M	$1.100M	$1.300M	$1.300M	$1.700M	$2.000M
Other Receivables	$985.0K	$806.0K	$542.0K	$9.100M	$7.700M	$8.700M	$5.800M	$3.200M	$100.0K	$6.100M	$0.00	$5.200M	$7.800M	$2.800M	$0.00	$6.000M	$4.000M
Total Short-Term Assets	$27.81M	$6.277M	$1.362M	$10.50M	$8.900M	$16.80M	$7.700M	$4.500M	$1.600M	$7.700M	$1.400M	$6.500M	$8.900M	$4.100M	$1.300M	$7.700M	$6.000M
YoY Change	343.03%	360.87%	-87.03%	17.98%	-47.02%	118.18%	71.11%	181.25%	-79.22%	450.0%	-78.46%	-26.97%	117.07%	215.38%	-83.12%	28.33%
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$644.0M	$619.4M	$843.6M	$856.5M	$688.5M	$617.8M	$674.0M	$593.3M	$552.7M	$613.0M	$614.8M	$446.6M	$430.7M	$455.8M	$391.4M	$298.1M	$522.0M
YoY Change	3.97%	-26.58%	-1.5%	24.4%	11.44%	-8.34%	13.6%	7.35%	-9.84%	-0.29%	37.66%	3.69%	-5.51%	16.45%	31.3%	-42.89%
Other Assets
YoY Change
Total Long-Term Assets	$644.0M	$619.4M	$843.6M	$856.5M	$688.5M	$617.8M	$674.0M	$593.3M	$552.6M	$613.0M	$614.8M	$446.6M	$430.6M	$455.8M	$391.4M	$298.0M	$522.1M
YoY Change	3.97%	-26.58%	-1.5%	24.4%	11.44%	-8.34%	13.6%	7.37%	-9.85%	-0.29%	37.66%	3.72%	-5.53%	16.45%	31.34%	-42.92%
Total Assets	$671.8M	$625.7M	$845.0M	$867.0M	$697.4M	$634.6M	$681.7M	$597.8M	$554.2M	$620.7M	$616.2M	$453.1M	$439.5M	$459.9M	$392.7M	$305.7M	$528.1M
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$50.00K	$67.00K	$523.0K	$200.0K	$100.0K	$600.0K	$200.0K	$200.0K	$300.0K	$500.0K	$500.0K	$100.0K	$100.0K	$100.0K	$100.0K	$100.0K	$200.0K
YoY Change	-25.37%	-87.19%	161.5%	100.0%	-83.33%	200.0%	0.0%	-33.33%	-40.0%	0.0%	400.0%	0.0%	0.0%	0.0%	0.0%	-50.0%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$11.86M	$4.046M	$4.747M	$10.60M	$7.800M	$10.30M	$2.400M	$1.000M	$2.900M	$7.600M	$12.40M	$4.700M	$9.400M	$7.400M	$600.0K	$6.600M	$5.200M
YoY Change	193.08%	-14.77%	-55.22%	35.9%	-24.27%	329.17%	140.0%	-65.52%	-61.84%	-38.71%	163.83%	-50.0%	27.03%	1133.33%	-90.91%	26.92%
Long-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Total Liabilities	$11.86M	$4.046M	$4.747M	$10.60M	$7.800M	$10.30M	$2.400M	$900.0K	$2.900M	$7.600M	$12.40M	$4.700M	$9.400M	$7.400M	$600.0K	$6.600M	$5.200M
YoY Change	193.08%	-14.77%	-55.22%	35.9%	-24.27%	329.17%	166.67%	-68.97%	-61.84%	-38.71%	163.83%	-50.0%	27.03%	1133.33%	-90.91%	26.92%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Basic Shares Outstanding
Diluted Shares Outstanding
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: $663.63 Million

About Virtus Equity & Convertible Income Fund

Virtus Equity & Convertible Income Fund is a US-based company operating in industry. The company is headquartered in Greenfield, Massachusetts. The company went IPO on 2007-02-23. Virtus Equity & Convertible Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to seek total return comprised of capital appreciation, current income and gains. The Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in a combination of equity securities and income-producing convertible securities. The equity component of the Fund may vary from 40-80% and the convertible component may vary from 20-60% of assets. The Fund's investment advisor is Virtus Investment Advisers, Inc. and its investment subadvisor is Voya Investment Management Co. LLC.

Industry: UNKNOWN Peers: