Resonate Blends, Inc.
Income Statement
| Line Item | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.9M | $16.5K | $49.5K | $27.0K | $1.1M | $1.1M | $943.7K | $458.3K |
| Cost of Revenue | $660.0K | $114.1K | $33.1K | $19.1K | $392.7K | $314.6K | $317.3K | $103.1K |
| Gross Profit | $1.2M | $-97.7K | $16.4K | $7.9K | $657.5K | $751.8K | $626.4K | $355.2K |
| Gross Margin | 65.2% | -593.1% | 33.2% | 29.2% | 62.6% | 70.5% | 66.4% | 77.5% |
| Operating Expenses | ||||||||
| Research & Development | $61.9K | — | — | — | — | — | — | — |
| SG&A Expense | $1.2M | $187.7K | $210.1K | $158.9K | $181.9K | $132.9K | $114.8K | $1.2M |
| Operating Income | $-1.7M | $-399.2K | $-1.4M | $-2.5M | $-3.2M | $-306.7K | $-6.5M | $-910.6K |
| Operating Margin | -89.5% | -2,424.2% | -2,806.8% | -9,364.8% | -302.6% | -28.8% | -693.9% | -198.7% |
| Interest Expense | — | — | — | — | $77.6K | — | — | — |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | — | — | — | — | — | — | — | — |
| Net Income | $-2.1M | $-1.4M | $653.6K | $-4.9M | $-3.7M | $-339.8K | $-7.6M | $-3.3M |
| Net Margin | -112.5% | -8,598.4% | 1,320.4% | -18,027.7% | -349.4% | -31.9% | -810.5% | -725.3% |
| EPS (Basic) | $-0.02 | $-0.02 | $0.01 | $-0.08 | $-0.08 | $-0.01 | $-0.18 | $-1.05 |
| EPS (Diluted) | $-0.02 | $-0.02 | $0.01 | $-0.10 | $-0.08 | $-0.01 | $-0.18 | $-1.05 |
| Shares Outstanding (Basic) | 98.1M | 80.0M | 75.4M | 62.2M | 45.0M | 50.7M | 47.9M | 3.17B |
| Shares Outstanding (Diluted) | 98.1M | 80.0M | 75.4M | 62.2M | 45.0M | 50.7M | 47.9M | 3.17B |
| Dividends Per Share | — | — | — | — | — | — | — | — |