Pangaea Logistics Solutions, Ltd.
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. Pangaea Logistics Solutions, Ltd.'s past years’ income statements indicate that its last revenue has decreased compared to the previous period by 29% to $499,267,834. Profit margin reached 5%. Total operating expenses were $22,780,937.

Profit Margin

Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL): Profit margin
2014 398.27M -12.12M -3.05%
2015 287.33M 11.27M 3.92%
2016 238.01M 7.45M 3.13%
2017 385.08M 7.81M 2.03%
2018 372.97M 17.75M 4.76%
2019 412.19M 2.06M 0.5%
2020 382.89M 2.53M 0.66%
2021 718.10M 67.22M 9.36%
2022 699.70M 79.49M 11.36%
2023 499.26M 26.32M 5.27%

PANL Income Statement (2014 – 2023)

2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Revenue
Revenue
499.26M699.70M718.10M382.89M412.19M372.97M385.08M238.01M287.33M398.27M
Cost of revenue
430.13M570.76M620.26M344.75M362.22M319.55M345.48M212.35M245.84M380.37M
Gross profit
69.13M128.93M97.83M38.14M49.97M53.41M39.60M25.66M41.48M17.89M
Operating exp.
Research and development
0000000000
Selling and marketing
200K000000000
Total operating expenses
22.78M20.10M18.96M15.91M17.37M16.48M15.16M12.77M14.96M12.83M
Operating income
44.61M105.50M78.87M19.69M32.90M36.07M15.16M12.89M20.52M-2.49M
Other income (expenses), net
-15.61M-20.00M-6.49M-7.00M-15.86M-4.05M-6.92M2.00M-7.15M-11.15M
Income before tax
28.99M85.50M72.37M12.69M17.04M23.98M9.10M9.15M13.36M-13.64M
Income tax expense
08.65M17.79M10.15M14.98M10.95M10.20M-461.62K8.46M7.26M
Net income
26.32M79.49M67.22M2.53M2.06M17.75M7.81M7.45M11.27M-12.12M
Earnings per share
Basic EPS
0.591.791.530.050.040.420.20.210.32-0.65
Diluted EPS
0.581.761.50.050.040.420.20.210.32-0.65
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