TREES CORPORATION
Income Statement
| Line Item | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $18.1M | $13.4M | $5.9M | $2.3M | $3.7M | $1.7M | $3.5M | $3.0M |
| Cost of Revenue | $11.6M | $8.6M | $4.4M | $1.4M | $2.5M | $400.1K | $380.6K | $77.0K |
| Gross Profit | $6.6M | $4.9M | $1.5M | $891.2K | $1.2M | $1.3M | $3.1M | $2.9M |
| Gross Margin | 36.2% | 36.2% | 24.9% | 39.1% | 32.7% | 77.0% | 89.2% | 97.4% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $8.2M | $6.6M | $2.8M | $2.9M | $4.4M | $3.4M | $2.8M | $2.0M |
| Operating Income | $-4.0M | $-3.2M | $-3.0M | $-5.9M | $-8.9M | $-10.6M | $-7.0M | $-7.1M |
| Operating Margin | -21.9% | -23.6% | -51.0% | -257.7% | -241.7% | -608.5% | -200.1% | -236.6% |
| Interest Expense | $1.8M | $983.2K | $622.5K | $453.5K | $345.4K | $323.6K | $313.1K | $287.1K |
| Pretax Income | $-6.9M | $-9.3M | $-8.4M | $-7.4M | $-13.8M | — | — | — |
| Income Tax Expense | $187.8K | $204.9K | — | — | — | — | — | — |
| Net Income | $-7.1M | $-9.5M | $-8.9M | $-7.7M | $-15.5M | $-17.0M | $-8.2M | $-10.2M |
| Net Margin | -39.0% | -70.5% | -150.0% | -336.8% | -422.3% | -977.0% | -233.4% | -340.9% |
| EPS (Basic) | $-0.06 | $-0.10 | $-0.13 | $-0.17 | $-0.47 | $-0.49 | — | $-0.66 |
| EPS (Diluted) | $-0.06 | $-0.10 | $-0.13 | $-0.17 | $-0.47 | $-0.49 | $-0.40 | $-0.66 |
| Shares Outstanding (Basic) | 117.2M | 97.2M | 69.5M | 60.8M | 38.1M | 34.9M | 20.5M | 15.5M |
| Shares Outstanding (Diluted) | 117.2M | 97.2M | 69.5M | 60.8M | 38.1M | 34.9M | 20.5M | 15.5M |
| Dividends Per Share | — | — | — | — | — | — | — | — |