TURNONGREEN, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $7.2M | $4.9M | $4.2M | $5.5M | $5.3M | $29 |
| Cost of Revenue | $3.9M | $2.8M | $3.3M | $3.5M | $3.7M | — |
| Gross Profit | $3.3M | $2.1M | $895.0K | $2.0M | $1.7M | $29 |
| Gross Margin | 45.9% | 43.2% | 21.3% | 36.5% | 31.5% | 100.0% |
| Operating Expenses | ||||||
| Research & Development | $444.0K | $407.0K | $418.0K | $697.0K | $504.0K | — |
| SG&A Expense | $3.2M | $4.0M | $4.1M | $4.0M | $2.1M | $6.1K |
| Operating Income | $-1.3M | $-3.5M | $-4.7M | $-4.2M | $-1.8M | $-11.8K |
| Operating Margin | -18.5% | -72.1% | -111.3% | -76.3% | -34.2% | -40,524.1% |
| Interest Expense | — | — | — | — | $10.0K | $2.0K |
| Pretax Income | $-2.1M | $-4.0M | $-4.8M | $-4.2M | $-1.8M | — |
| Income Tax Expense | $2.0K | $5.0K | — | — | $-43.7K | $-9.7K |
| Net Income | $-2.1M | $-4.0M | $-4.8M | $-4.2M | $-1.8M | $-46.3K |
| Net Margin | -29.2% | -80.9% | -115.1% | -76.4% | -34.2% | -159,579.3% |
| EPS (Basic) | $-0.01 | $-0.02 | $-0.04 | $-0.03 | — | — |
| EPS (Diluted) | $-0.01 | $-0.02 | $-0.04 | $-0.03 | — | — |
| Shares Outstanding (Basic) | 184.0M | 183.9M | 177.6M | 162.8M | 485.1M | 401.1M |
| Shares Outstanding (Diluted) | 184.0M | 183.9M | 177.6M | 162.8M | 485.1M | 401.1M |
| Dividends Per Share | — | — | — | — | — | — |