DALRADA TECHNOLOGY GROUP, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $20.3M | $19.8M | $29.7M | $19.3M | $3.4M | $1.2M | $72.2K | $0 |
| Cost of Revenue | $15.0M | $18.9M | $20.7M | $8.8M | $2.5M | $625.9K | $75.0K | $0 |
| Gross Profit | $5.3M | $984.0K | $9.1M | $10.5M | $934.7K | $552.2K | $-2.8K | $0 |
| Gross Margin | 26.1% | 5.0% | 30.5% | 54.5% | 27.4% | 46.9% | -3.9% | — |
| Operating Expenses | ||||||||
| Research & Development | $0 | $0 | $120.0K | $657.0K | $520.5K | $472.0K | $50.1K | $0 |
| SG&A Expense | $23.0M | $27.8M | $29.5M | $20.1M | $9.0M | $2.8M | $721.8K | $92.0K |
| Operating Income | $-20.5M | $-26.8M | $-21.0M | $-10.4M | $-8.6M | $-2.7M | $-1.0M | $853.3K |
| Operating Margin | -100.8% | -135.3% | -70.5% | -54.2% | -251.6% | -228.2% | -1,448.7% | — |
| Interest Expense | $-4.2M | — | $2.6M | $1.3M | $670.3K | $1.0M | $853.2K | $945.2K |
| Pretax Income | $-24.7M | $-29.2M | $-20.6M | $-11.4M | $1.2K | $-2.5M | $-774.7K | $-92.0K |
| Income Tax Expense | $9.6K | $5.6K | $0 | $132.5K | $0 | $0 | $0 | $0 |
| Net Income | $-24.6M | $-28.9M | $-20.3M | $-14.1M | $91.4K | $-2.5M | $365.9K | $-1.0M |
| Net Margin | -121.4% | -145.9% | -68.2% | -73.2% | 2.7% | -209.3% | 507.0% | — |
| EPS (Basic) | $-0.23 | $-0.31 | $-0.24 | $-0.20 | $0.00 | $-0.02 | $0.01 | $-0.01 |
| EPS (Diluted) | $-0.23 | $-0.31 | $-0.24 | $-0.20 | $0.00 | $-0.02 | $0.00 | $-0.01 |
| Shares Outstanding (Basic) | 108.5M | 92.2M | 83.8M | 72.2M | 70.3M | 113.6M | 94.9M | 189.1M |
| Shares Outstanding (Diluted) | 108.5M | 92.2M | 83.8M | 72.2M | 128.9M | 113.6M | 205.2M | 189.1M |
| Dividends Per Share | — | — | — | — | — | — | — | — |