Empire Petroleum
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Empire Petroleum's past years’ income statements indicate that its last revenue has decreased compared to the previous period by 25% to $40,141,984. Profit margin reached -31%. Total operating expenses were $17,000,650.
Profit Margin
| 2014 | 0 | -236.58K | |
|---|---|---|---|
| 2015 | 0 | -174.92K | |
| 2016 | 0 | -381.91K | |
| 2017 | 0 | -830.06K | |
| 2018 | 352.37K | -1.01M | -288.65% |
| 2019 | 5.82M | -7.15M | -122.88% |
| 2020 | 5.98M | -17.35M | -289.81% |
| 2021 | 28.49M | -27.62M | -96.96% |
| 2022 | 53.27M | 7.08M | 13.3% |
| 2023 | 40.14M | -12.46M | -31.06% |
EP Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 40.14M | 53.27M | 28.49M | 5.98M | 5.82M | 352.37K | 0 | 0 | 0 | 0 |
Cost of revenue | 34.76M | 29.47M | 4.60M | 3.46M | 3.73M | 36.72K | 0 | 0 | 9.27K | 35.88K |
Gross profit | 5.37M | 23.79M | 23.88M | 2.52M | 2.09M | 315.65K | 0 | 0 | -9.27K | -35.88K |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31.75K |
Total operating expenses | 17.00M | 13.68M | 23.77M | 13.17M | 8.27M | 1.34M | 757.06K | 196.60K | 165.64K | 186.07K |
Operating income | -11.62M | 8.78M | 522.03K | -10.65M | -6.18M | -915.94K | -757.06K | -378.07K | -174.92K | -221.96K |
Other income (expenses), net | -976.70K | -1.49M | -19.13M | 747.57K | -469.96K | 113.08K | -72.99K | -181.47K | 0 | -14.62K |
Income before tax | -12.60M | 7.29M | -18.61M | -16.83M | -6.65M | -1.01M | -830.06K | -381.91K | -174.92K | -236.58K |
Income tax expense | -132.19K | 208.89K | 9.00M | 521.18K | 503.60K | 101.18K | -757.06K | -177.63K | -174.92K | -187.06K |
Net income | -12.46M | 7.08M | -27.62M | -17.35M | -7.15M | -1.01M | -830.06K | -381.91K | -174.92K | -236.58K |
Earnings per share | ||||||||||
Basic EPS | -0.55 | 0.34 | -7.55 | -3.06 | -1.44 | -0.31 | -0.31 | -0.18 | -0.08 | -0.12 |
Diluted EPS | -0.55 | 0.3 | -7.55 | -3.06 | -1.44 | -0.31 | -0.31 | -0.18 | -0.08 | -0.12 |
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