Taronis Fuels
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. Taronis Fuels's past years’ income statements indicate that its last revenue has increased compared to the previous period by 117% to $21,084,000. Profit margin reached -27%. Total operating expenses were $15,678,000.

Profit Margin

Taronis Fuels, Inc. (OTC:TRNF): Profit margin
2017 3.71M -3.12M -83.92%
2018 9.71M -4.49M -46.3%
2019 21.08M -5.74M -27.25%

TRNF Income Statement (2017 – 2019)

2019 2018 2017
Revenue
Revenue
21.08M9.71M3.71M
Cost of revenue
10.33M5.59M2.18M
Gross profit
10.74M4.11M1.53M
Operating exp.
Research and development
000
Selling and marketing
15.67M8.73M4.69M
Total operating expenses
15.67M8.73M4.69M
Operating income
-4.93M-4.60M-3.10M
Other income (expenses), net
-814K109K-17K
Income before tax
-5.74M-4.49M-3.12M
Income tax expense
-343K288K-2K
Net income
-5.74M-4.49M-3.12M
Earnings per share
Basic EPS
-2.83-2.44-1.69
Diluted EPS
-2.83-2.44-1.69
Data source