QHSLab, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2015 | FY2014 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.7M | $2.1M | $1.4M | $1.2M | $1.4M | $124.5K | $0 | $0 |
| Cost of Revenue | $880.9K | $774.0K | $615.4K | $623.7K | $743.7K | $74.4K | — | — |
| Gross Profit | $1.8M | $1.4M | $793.6K | $619.5K | $670.7K | $50.1K | — | — |
| Gross Margin | 67.3% | 63.7% | 56.3% | 49.8% | 47.4% | 40.2% | — | — |
| Operating Expenses | ||||||||
| Research & Development | $484.9K | $294.5K | $214.0K | $190.1K | $90.9K | $98.3K | — | — |
| SG&A Expense | $439.1K | $276.5K | $259.1K | $387.5K | $454.0K | $131.8K | $38.1K | $28.9K |
| Operating Income | $131.2K | $205.7K | $-240.2K | $-560.5K | $-502.3K | $-275.1K | $-722.1K | $-40.5K |
| Operating Margin | 4.9% | 9.7% | -17.0% | -45.1% | -35.5% | -220.9% | — | — |
| Interest Expense | $237.4K | $465.1K | $230.5K | $433.4K | $246.5K | $31.0K | $11.5K | $11.6K |
| Pretax Income | $457.4K | $-259.2K | $-468.4K | $-996.0K | $-770.2K | $-327.4K | — | — |
| Income Tax Expense | — | — | — | — | — | — | — | — |
| Net Income | $457.4K | $-259.2K | $-468.4K | $-996.0K | $-770.2K | $-327.4K | $-722.1K | $-40.5K |
| Net Margin | 17.0% | -12.2% | -33.2% | -80.1% | -54.5% | -262.9% | — | — |
| EPS (Basic) | $0.04 | $-0.03 | $-0.05 | $-0.11 | $-0.10 | $-0.05 | $-0.23 | $-0.04 |
| EPS (Diluted) | $0.02 | $-0.03 | $-0.05 | $-0.11 | $-0.10 | $-0.05 | $-0.23 | $-0.04 |
| Shares Outstanding (Basic) | 11.3M | 10.3M | 9.4M | 9.0M | 7.9M | 6.6M | 6.0M | 1.1M |
| Shares Outstanding (Diluted) | 19.3M | 10.3M | 9.4M | 9.0M | 7.9M | 6.6M | 6.0M | 1.1M |
| Dividends Per Share | — | — | — | — | — | — | — | — |