Veritas Farms
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. Veritas Farms's past years’ income statements indicate that its last revenue has decreased compared to the previous period by 66% to $1,063,105. The net income raised on -$4,337,597 and profit margin reached -408%. Total operating expenses were $4,081,321.
Profit Margin
| 2015 | 0 | 0 | |
|---|---|---|---|
| 2016 | 0 | -6.46K | |
| 2017 | 1.11M | -2.45M | -220.15% |
| 2018 | 2.07M | -3.83M | -184.42% |
| 2019 | 7.29M | -11.16M | -153.13% |
| 2020 | 6.22M | -7.72M | -124.03% |
| 2021 | 3.08M | -7.22M | -234.28% |
| 2022 | 1.06M | -4.33M | -408.01% |
VFRM Income Statement (2014 – 2022)
| 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||
Revenue | 1.06M | 3.08M | 6.22M | 7.29M | 2.07M | 1.11M | 0 | 0 |
Cost of revenue | 2.44M | 4.10M | 3.26M | 3.83M | 1.20M | 923.26K | 32.55K | 0 |
Gross profit | -1.38M | -1.02M | 2.95M | 3.46M | 876.31K | 191.41K | -32.55K | 0 |
Operating exp. | ||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 3.05K | 0 |
Selling and marketing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total operating expenses | 4.08M | 6.30M | 10.42M | 14.59M | 5.28M | 1.52M | 6.46K | 0 |
Operating income | -5.46M | -7.32M | -7.46M | -11.12M | -4.40M | -1.33M | 6.46K | 0 |
Other income (expenses), net | 320.57K | 259.33K | -129.56K | -18.16K | 598.91K | -1.12M | -12.92K | 0 |
Income before tax | -5.14M | -7.06M | -7.59M | -11.14M | -3.83M | -2.45M | -6.46K | 0 |
Income tax expense | -806.31K | 152.29K | 129.56K | 18.16K | -598.91K | 1.07M | 12.92K | 0 |
Net income | -4.33M | -7.22M | -7.72M | -11.16M | -3.83M | -2.45M | -6.46K | 0 |
Earnings per share | ||||||||
Basic EPS | -0.1 | -0.17 | -0.18 | -0.32 | -0.19 | -0.17 | 0 | 0 |
Diluted EPS | -0.1 | -0.17 | -0.18 | -0.32 | -0.19 | -0.17 | 0 | 0 |
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