NORTHANN CORP.
Income Statement
| Line Item | FY2024 | FY2023 | FY2022 |
|---|---|---|---|
| Revenue | $15.3M | $14.0M | $21.0M |
| Cost of Revenue | $11.4M | $12.7M | $15.2M |
| Gross Profit | $4.0M | $1.2M | $5.8M |
| Gross Margin | 25.9% | 8.7% | 27.5% |
| Operating Expenses | |||
| Research & Development | $783.4K | $1.9M | $1.5M |
| SG&A Expense | $3.8M | $2.9M | $1.2M |
| Operating Income | $-1.7M | $-4.8M | $2.1M |
| Operating Margin | -10.9% | -34.1% | 9.9% |
| Interest Expense | — | $1.7M | $366.9K |
| Pretax Income | $-4.4M | $-7.1M | $1.1M |
| Income Tax Expense | $1.7K | $14.4K | $127.0K |
| Net Income | $-4.4M | $-7.1M | $929.1K |
| Net Margin | -28.5% | -51.1% | 4.4% |
| EPS (Basic) | $-0.17 | $-0.35 | $0.05 |
| EPS (Diluted) | $-0.17 | $-0.35 | $0.05 |
| Shares Outstanding (Basic) | 26.3M | 20.3M | 20.0M |
| Shares Outstanding (Diluted) | 26.3M | 20.3M | 20.4M |
| Dividends Per Share | — | — | — |