| Stage | RAVE | % of rev | CHCI | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $3M | 100.00% | $23M | 100.00% | CHCI ×6.58 |
| Gross profit | $88,000 | 2.56% | $8M | 35.36% | CHCI +32.8pp |
| Operating income | $1M | 29.81% | $7M | 29.43% | RAVE +0.4pp |
| Pre-tax income | $1M | 33.10% | $11M | 49.57% | CHCI +16.5pp |
| Net income | $796,000 | 23.19% | $9M | 39.17% | CHCI +16.0pp |
| Stage | RAVE | CHCI | Gap · A − B |
|---|---|---|---|
| Revenue | $3M100.00% | $23M100.00% | CHCI ×6.58 |
| Gross profit | 2.56%$88,000 | 35.36%$8M | CHCI +32.8pp |
| Operating income | 29.81%$1M | 29.43%$7M | RAVE +0.4pp |
| Pre-tax income | 33.10%$1M | 49.57%$11M | CHCI +16.5pp |
| Net income |
| 23.19%$796,000 |
| 39.17%$9M |
| CHCI +16.0pp |
None
No disclosed counterparties: RAVE.