MindForge Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Revenue | $29.7M | $51.6M | $94.3M | $86.7M |
| Cost of Revenue | $29.4M | $50.9M | $92.7M | $85.2M |
| Gross Profit | $251.7K | $694.3K | $1.6M | $1.5M |
| Gross Margin | 0.8% | 1.3% | 1.7% | 1.7% |
| Operating Expenses | ||||
| Research & Development | — | — | — | — |
| SG&A Expense | $3.4M | $1.6M | $1.5M | $1.3M |
| Operating Income | $-3.1M | $-872.9K | $153.9K | $126.6K |
| Operating Margin | -10.5% | -1.7% | 0.2% | 0.1% |
| Interest Expense | — | — | — | — |
| Pretax Income | $-3.0M | $-606.1K | $244.0K | $223.5K |
| Income Tax Expense | $-236.0K | $142.4K | $38.1K | $272.5K |
| Net Income | $-2.7M | $-748.5K | $205.9K | $-49.0K |
| Net Margin | -9.2% | -1.5% | 0.2% | -0.1% |
| EPS (Basic) | $-0.37 | $-0.10 | $0.03 | $0.00 |
| EPS (Diluted) | $-0.37 | $-0.10 | $0.03 | $0.00 |
| Shares Outstanding (Basic) | 7.3M | 7.9M | 7.5M | 115.7M |
| Shares Outstanding (Diluted) | 7.3M | 7.9M | 7.5M | 115.7M |
| Dividends Per Share | — | — | — | — |