Veritec
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. Veritec's past years’ income statements indicate that its last revenue has increased compared to the previous period by 29% to $461,000. The net income raised on -$1,058,000 and profit margin reached -230%. Total operating expenses were $796,000.
Profit Margin
| 2015 | 945.80K | -907.47K | -95.95% |
|---|---|---|---|
| 2016 | 681.08K | -1.29M | -190.59% |
| 2017 | 325.53K | -1.36M | -420.79% |
| 2018 | 498.48K | -18.21K | -3.65% |
| 2019 | 306.52K | -849.40K | -277.1% |
| 2020 | 438K | -917K | -209.36% |
| 2021 | 389K | -1.48M | -382.52% |
| 2022 | 353K | 9K | 2.55% |
| 2023 | 356K | -1.23M | -346.63% |
| 2024 | 461K | -1.05M | -229.5% |
VRTC Income Statement (2015 – 2024)
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 461K | 356K | 353K | 389K | 438K | 306.52K | 498.48K | 325.53K | 681.08K | 945.80K |
Cost of revenue | 173K | 211K | 199K | 222K | 210K | 229.89K | 247.40K | 260.61K | 322.98K | 329.70K |
Gross profit | 288K | 145K | 154K | 167K | 228K | 76.63K | 251.07K | 64.92K | 358.10K | 616.10K |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 18.75K | 29.99K | 92.99K | 68.79K | 98.41K |
Selling and marketing | 0 | 0 | 0 | 0 | 0 | 0 | 1.76K | 67.61K | 19.63K | 83.86K |
Total operating expenses | 796K | 883K | 728K | 861K | 630K | 623.70K | 618.92K | 848.95K | 796.28K | 1.02M |
Operating income | -508K | -738K | -574K | -694K | -402K | -547.07K | -367.85K | -784.03K | -438.17K | -407.98K |
Other income (expenses), net | -550K | -496K | 68K | -397K | -174K | -302.33K | 603K | -585.77K | -859.91K | -499.48K |
Income before tax | -1.05M | -1.23M | -506K | -1.09M | -576K | -849.40K | -18.21K | -1.36M | -1.29M | -907.47K |
Income tax expense | 0 | -738K | -515K | 397K | 341K | -16.04K | 603K | 404.46K | 0 | 0 |
Net income | -1.05M | -1.23M | 9K | -1.48M | -917K | -849.40K | -18.21K | -1.36M | -1.29M | -907.47K |
Earnings per share | ||||||||||
Basic EPS | -0.02 | -0.03 | 0.00 | -0.03 | -0.02 | -0.02 | -0.00 | -0.03 | -0.03 | -0.05 |
Diluted EPS | -0.02 | -0.03 | 0.00 | -0.03 | -0.02 | -0.02 | -0.00 | -0.03 | -0.03 | -0.05 |
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