PINE

Value Q4, 24Q1, 25Q2, 25Q3, 25Q4, 25 TTM Total common shares outstanding 14.69 M14.27 M14.16 M14.16 M15.09 M — Enterprise value 573.27 M614.95 M581.25 M582.51 M649.92 M 2.43 B Price to earnings ratio 119.93209-294.2-40.49-76 -201.69 Price to sales ratio 4.854.7143.814.3 16.81 Price to cash flow ratio 9.899.58.797.7610.1 36.15 Price to book ratio 10.260.230.230.93 1.65 Enterprise value to EBITDA ratio 29.7633.9333.1134.3832.58 134 Return on assets % -0-0-0-00 -0 Return on equity % -0-0-0.01-0.010 -0.01 Return on invested capital % ————— — Gross margin % 68.8266.2169.0569.172.78 277.14 Operating margin % 14.3215.9716.7616.6135.26 84.6 EBITDA margin % 36.9525.5224.6131.3347.96 129.42 Net margin % -6.95-8.3-11.04-98.72 -19.62 Quick ratio ————— — Current ratio ——0.050.010.05 — Inventory turnover ————— — Asset turnover 0.020.020.020.020.03 0.09 Debt to assets ratio 0.50.560.570.580.53 2.24 Debt to equity ratio 1.21.491.551.621.36 6.02 Long term debt to total assets ratio 0.50.550.560.580.53 2.22 Long term debt to total equity ratio 1.191.481.531.61.35 5.97 Operating cash flow per share 0.310.50.460.570.13 1.66 EBIT per share -0.09-0.23-0.2-0.130.09 -0.48 EBITDA per share 0.340.230.240.30.52 1.28 Total debt per share 20.222.6923.0623.4924.49 93.73 Cash per share 0.10.390.320.080.3 1.08 Net current asset value per share 0.170.430.350.080.31 1.17 Tangible book value per share 13.8612.2912.111.8214.85 51.06 Working capital per share ——-6.13-6.42-6.12 — Book value per share 16.7815.214.914.5317.99 62.62