Digerati Technologies, Inc.
Income Statement
| Line Item | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $31.6M | $24.2M | $12.4M | $6.3M | $6.0M | $2.0M | $193.0K | $280.0K |
| Cost of Revenue | — | — | — | — | $3.1M | $1.1M | $134.0K | $143.0K |
| Gross Profit | — | — | — | — | $2.9M | $948.0K | $59.0K | $137.0K |
| Gross Margin | — | — | — | — | 48.2% | 47.4% | 30.6% | 48.9% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $17.8M | $12.4M | $7.0M | $4.1M | $4.2M | $3.1M | $914.0K | $1.0M |
| Operating Income | $-5.1M | $-3.7M | $-2.4M | $-2.1M | $-2.4M | $-2.9M | $-2.2M | $-1.1M |
| Operating Margin | -16.0% | -15.2% | -19.3% | -33.6% | -39.1% | -143.3% | -1,131.6% | -398.6% |
| Interest Expense | $11.3M | $6.0M | — | $7.3K | $6.4K | — | — | — |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | $192.0K | $419.0K | $183.0K | $-33.0K | $47.0K | $-118.0K | — | — |
| Net Income | $-8.3M | $-8.0M | $-16.7M | $-3.4M | $-4.5M | $-3.2M | $439.0K | $-1.1M |
| Net Margin | -26.2% | -33.2% | -134.4% | -53.8% | -74.8% | -158.1% | 227.5% | -407.1% |
| EPS (Basic) | $-0.05 | $-0.05 | $-0.13 | $-0.03 | $-0.05 | $-0.05 | $0.01 | $-0.04 |
| EPS (Diluted) | $-0.05 | $-0.05 | $-0.13 | $-0.03 | $-0.05 | $-0.05 | $0.01 | $-0.04 |
| Shares Outstanding (Basic) | 151.5M | 139.6M | 129.4M | 107.8M | 99.9M | 62.0M | 38.0M | 31.1M |
| Shares Outstanding (Diluted) | 151.5M | 139.6M | 129.4M | 107.8M | 99.9M | 62.0M | 41.9M | 31.1M |
| Dividends Per Share | — | — | — | — | — | — | — | — |