Right On Brands, Inc.
Income Statement
| Line Item | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1M | $997.1K | $78.0K | $328.6K | $255.8K | $9.3K | $587 | $16.1K |
| Cost of Revenue | $530.5K | $557.1K | $56.7K | $307.3K | $168.9K | $7.4K | — | — |
| Gross Profit | $605.5K | $440.0K | $21.3K | $21.3K | $86.9K | $1.9K | $587 | — |
| Gross Margin | 53.3% | 44.1% | 27.3% | 6.5% | 34.0% | 20.5% | 100.0% | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | $0 | $337 | $12.7K | — | — |
| SG&A Expense | $562.9K | $350.0K | $193.6K | $345.2K | $446.9K | $199.9K | $44.1K | $12.0K |
| Operating Income | $-135.9K | $-55.7K | $-401.4K | $-947.2K | $-5.6M | $-809.5K | — | — |
| Operating Margin | -12.0% | -5.6% | -514.9% | -288.3% | -2,199.2% | -8,664.5% | — | — |
| Interest Expense | $11.8K | $25.6K | $80.3K | $96.2K | $459.1K | $-5.4K | $2.3K | — |
| Pretax Income | — | — | — | $-3.5M | $-6.1M | $-804.1K | — | — |
| Income Tax Expense | — | — | — | — | — | $161.0K | $58.0K | $17.0K |
| Net Income | $8.7K | $-257.0K | $-1.9M | $-3.5M | $-6.1M | $-804.1K | $-2.9M | $-50.9K |
| Net Margin | 0.8% | -25.8% | -2,374.8% | -1,057.7% | -2,378.7% | -8,606.9% | -500,558.6% | -317.1% |
| EPS (Basic) | $0.00 | $0.00 | $0.00 | $-0.01 | $-0.09 | $-0.01 | $-0.07 | $0.00 |
| EPS (Diluted) | $0.00 | — | $0.00 | $-0.01 | $-0.09 | $-0.01 | $-0.07 | $0.00 |
| Shares Outstanding (Basic) | 5.89B | 5.92B | 3.38B | — | 66.8M | 54.8M | 40.8M | 32.3M |
| Shares Outstanding (Diluted) | 6.09B | 5.92B | 3.38B | — | 66.8M | 54.8M | 40.8M | 32.3M |
| Dividends Per Share | — | — | — | — | — | — | — | — |