Empire Petroleum Corporation
Income Statement
| Line Item | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $12.8M | $9.4M | $11.2M | $9.1M | $9.7M | $10.1M | $10.7M | $14.0M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $2.9M | $3.6M | $5.4M | $2.7M | $3.1M | $4.0M | $3.7M | $2.9M |
| Operating Income | $-1.9M | $-4.4M | $-4.5M | $-2.6M | $-2.3M | $-2.2M | $-2.2M | $1.4M |
| Operating Margin | -15.0% | -46.8% | -40.0% | -28.8% | -23.7% | -22.1% | -20.7% | 10.3% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $-4.4M | $-4.0M | $-4.8M | $-2.9M | $-2.5M | $-2.5M | $-2.1M | $215.9K |
| Income Tax Expense | — | — | — | $-134.7K | — | — | — | — |
| Net Income | $-4.4M | $-4.0M | $-4.8M | $-2.7M | $-2.5M | $-2.5M | $-2.3M | $215.9K |
| Net Margin | -34.3% | -42.3% | -43.0% | -30.0% | -25.4% | -24.5% | -21.3% | 1.5% |
| EPS (Basic) | $-0.15 | $-0.15 | $-0.21 | $-0.12 | $-0.11 | $-0.11 | $-0.12 | $0.01 |
| EPS (Diluted) | $-0.15 | $-0.15 | $-0.21 | $-0.12 | $-0.11 | $-0.11 | $-0.10 | $0.01 |
| Shares Outstanding (Basic) | 29.8M | 25.7M | 22.7M | 22.7M | 22.1M | 22.1M | 21.0M | 21.7M |
| Shares Outstanding (Diluted) | 29.8M | 25.7M | 22.7M | 22.7M | 22.1M | 22.1M | 23.4M | 24.1M |
| Dividends Per Share | — | — | — | — | — | — | — | — |