REFLECT SCIENTIFIC, INC.
Income Statement
| Line Item | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1M | $2.0M | $2.8M | $2.8M | $1.6M | $1.6M | $1.1M | $1.2M |
| Cost of Revenue | $483.7K | $822.1K | $884.1K | $1.1M | $617.6K | $487.2K | $405.9K | $376.1K |
| Gross Profit | $596.4K | $1.2M | $1.9M | $1.7M | $991.6K | $1.1M | $659.8K | $812.5K |
| Gross Margin | 55.2% | 59.7% | 68.6% | 61.6% | 61.6% | 68.6% | 61.9% | 68.4% |
| Operating Expenses | ||||||||
| Research & Development | $29.5K | $73.4K | $58.3K | $185.3K | $210.0K | $104.0K | $46.7K | $70.8K |
| SG&A Expense | $388.6K | $419.6K | $436.4K | $350.5K | $408.4K | $624.3K | $328.5K | $341.0K |
| Operating Income | $-467.3K | $90.1K | $827.8K | $651.0K | $-194.8K | $-248.9K | $-402.2K | $-251.6K |
| Operating Margin | -43.3% | 4.4% | 29.4% | 23.3% | -12.1% | -16.0% | -37.7% | -21.2% |
| Interest Expense | — | — | — | $890 | $-755 | $-661 | $0 | $-314 |
| Pretax Income | $-458.7K | $90.1K | $939.1K | $660.1K | $-195.6K | $-249.5K | $-402.2K | $-216.2K |
| Income Tax Expense | $312 | $702 | — | — | $0 | $0 | $0 | $0 |
| Net Income | $-459.0K | $89.4K | $939.1K | $660.1K | $-195.6K | $-249.5K | $-402.2K | $-216.2K |
| Net Margin | -42.5% | 4.4% | 33.4% | 23.6% | -12.2% | -16.1% | -37.7% | -18.2% |
| EPS (Basic) | $-0.01 | $0.00 | $0.01 | $0.04 | $0.00 | $0.00 | $-0.01 | $0.00 |
| EPS (Diluted) | $-0.01 | $0.00 | $0.01 | $0.01 | $0.00 | $0.00 | $-0.01 | $0.00 |
| Shares Outstanding (Basic) | 85.2M | 85.0M | 84.7M | 84.7M | 84.7M | 79.1M | 71.3M | 65.4M |
| Shares Outstanding (Diluted) | 85.2M | 85.4M | 85.5M | 84.7M | 84.7M | 79.1M | 71.3M | 65.4M |
| Dividends Per Share | — | — | — | — | — | — | — | — |