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COMSovereign Holding Corp. Income Statement 2022-2009 | COMS
Brief overview of income trends at COMSovereign Holding Corp.
The figures are compared over a five-year interval. COMSovereign Holding Corp. reported revenue of $562 thousand in 2017 and $9.9 million by 2022. Overall revenue changed by +1657.4%, equal to an annualized rate of about 77.4%. The annual growth rate indicates an exceptionally strong top-line trend.
Gross profit changed from 223 thousand dollars to 2.3 million dollars (+921.9%). The relationship between sales and direct costs deteriorated. Gross profit as a share of revenue changed from 39.8% to 23.1%. A lower margin indicates deterioration in the economics of the core business.
EBITDA was −$9.8 million at the beginning and $2 million at the end of the period (+120.5%). The operating result developed less favorably than sales. The EBITDA share of revenue changed from −1745.2% to 20.3%. Higher profitability strengthens the quality of operating growth.
The final result was −10.3 million dollars initially and −79.7 million dollars in the final year. The period ended with a larger loss than it began with.
What the figures show
Positive developments coexist with areas of weakness. Key strengths include higher operating efficiency and a larger revenue base. The overall view is constrained by a lower gross margin and declining net profitability. The key question is whether sales can be converted into sustainable profit.
Annual Income Statement COMSovereign Holding Corp.
| 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
- | 373 K | 195 K | 58.5 M | 33.8 M | 26.9 M | 60.6 M | 19 M | 6.63 M | 31.6 B | 27.8 B | 46.1 B | - | - |
Shares |
1.12 M | 705 K | 45.3 K | 16.2 M | 9.55 M | 8.96 M | 6.92 M | 2.03 M | 395 K | 186 M | 163 M | 108 M | 98.7 M | - |
Historical Prices |
0.53 | 4.3 | 3.6 | 3.54 | 3 | 8.76 | 9.36 | 16.8 | 170 | 170 | 425 | 152 K | ||
Net Income |
-79.7 M | -153 M | -37.1 M | -27.5 M | -8.48 M | -10.3 M | -8.53 M | -8.98 M | -2.12 M | -268 K | -8.26 M | -2.53 M | -1.92 M | - |
Revenue |
9.88 M | 9.06 M | 9.43 M | 4.71 M | 2.72 M | 562 K | 1.47 M | 472 K | 858 K | 1.45 M | 2.99 M | 1.69 M | - | - |
Cost of Revenue |
7.59 M | 4.58 M | 4.6 M | 2.99 M | 2.21 M | 339 K | 558 K | 283 K | 675 K | 512 K | 1.03 M | 579 K | 319 K | - |
Gross Profit |
2.28 M | 4.48 M | 4.83 M | 1.72 M | 509 K | 223 K | 911 K | 189 K | 183 K | 336 K | 1.4 M | 825 K | 319 K | - |
Operating Income |
- | -146 M | -27.2 M | -20.3 M | -8.13 M | -9.85 M | -8.82 M | -8.97 M | -1.72 M | 30.9 K | -28.1 K | -1.31 M | -1.68 M | - |
Interest Expense |
3.98 M | 2.8 M | 11.3 M | 8.4 M | 344 K | 1.63 M | 350 K | 1.9 K | 2.37 K | 811 | 2 M | 171 K | 139 K | - |
EBITDA |
2.01 M | -131 M | -14.7 M | -12.7 M | -8.09 M | -9.81 M | -8.79 M | -8.95 M | -1.72 M | 32.8 K | 489 K | -1.07 M | -1.43 M | - |
Operating Expenses |
71.5 M | 150 M | 32.1 M | 22 M | 5.92 K | 10.1 M | 9.73 M | 9.16 M | 5.92 K | 778 K | 3.03 M | 2.14 M | 2 M | - |
General and Administrative Expenses |
17.8 M | 24.9 M | 17.5 M | 14.3 M | 8.64 M | 10.1 M | 9.73 M | 9.16 M | 1.9 M | 305 K | 356 K | 1.52 M | 1.08 M | - |
All numbers in USD currency
Quarterly Income Statement COMSovereign Holding Corp.
| 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
2.7 M | 2.69 M | 2.59 M | 2.38 M | 1.07 M | 86.1 M | 83.6 M | 820 K | 72 M | 68.8 M | 65.9 M | 49.4 M | 133 M | 129 M | 128 M | 42.8 M | 27.5 M | 27.6 M | 26.5 M | 23.6 M | 9.18 M | 9.18 M | 9.18 M | 9.18 M | 9.09 M | 8.7 M | 8.68 M | 8.68 M | 6.98 M | 6.45 M | 5.42 M | 5.13 M | 2.04 M | 52.6 M | 40.4 M | 927 K | 21.4 M | 8.02 M | 191 M | - | 187 M | 186 M | 185 M | 182 M | 177 M | 160 M | 145 M | 122 M | 113 M | 104 M | 122 M |
Net Income |
-1.42 M | 638 K | -4.93 M | - | -1.96 M | -37.7 M | 136 K | - | -10.7 M | -10.6 M | -16.2 M | - | -10.3 M | -7.57 M | -7.03 M | - | 574 K | 53.8 K | -1.1 M | - | -1.19 M | -1.08 M | -1.68 M | - | -4.76 M | -1.76 M | -1.12 M | - | -3.73 M | -2.14 M | -1.24 M | - | -1.58 M | -2.89 M | -934 K | - | -1.03 M | -391 K | -225 K | - | -121 K | 12.7 K | 218 K | - | -678 K | -779 K | -705 K | - | -615 K | -723 K | -507 K |
Revenue |
250 K | 3.5 M | 483 K | - | 3.8 M | 2.09 M | 3.23 M | - | 4.12 M | 3.61 M | 2.09 M | - | 2.02 M | 3.01 M | 2.49 M | - | 2.74 M | 1.37 M | 7.45 K | - | 84.8 K | 42 K | 869 K | - | 93.1 K | 13.9 K | 368 K | - | 146 K | 484 K | 443 K | - | 109 K | 67.6 K | 15.2 K | - | 328 K | 125 K | 229 K | - | 76.1 K | 342 K | 666 K | - | 559 K | 206 K | 699 K | - | 432 K | 219 K | 116 K |
Cost of Revenue |
104 K | 809 K | 301 K | - | 1.8 M | 2.98 M | 2.2 M | - | 1.82 M | 1.81 M | 1.07 M | - | 860 K | 1.55 M | 1.06 M | - | 1.36 M | 401 K | 3.55 K | - | 51.6 K | 11.6 K | 474 K | - | 33.6 K | 6.47 K | 244 K | - | 64.7 K | 176 K | 134 K | - | 66.9 K | 26.4 K | 8.12 K | - | 232 K | 104 K | 99.6 K | - | 102 K | 129 K | 279 K | - | 261 K | 244 K | 355 K | - | 314 K | 98.6 K | 46.8 K |
Gross Profit |
146 K | 2.69 M | 182 K | - | 2 M | -893 K | 1.03 M | - | 2.3 M | 1.8 M | 1.01 M | - | 1.16 M | 1.46 M | 1.42 M | - | 1.38 M | 972 K | 3.9 K | - | 33.2 K | 30.4 K | 395 K | - | 59.5 K | 7.41 K | 124 K | - | 81.6 K | 308 K | 310 K | - | 41.7 K | 41.2 K | 7.09 K | - | 96.4 K | 20.6 K | 35.3 K | - | 59.7 K | 173 K | 387 K | - | 297 K | 329 K | 498 K | - | 280 K | 121 K | 69.2 K |
Operating Income |
-1.01 M | 1.08 M | -2.56 M | - | -689 K | -36.8 M | 1.25 M | - | -10.4 M | -10.4 M | -10.3 M | - | -6.78 M | -6.13 M | -6.14 M | - | 603 K | 86.9 K | -1.07 M | - | -1.09 M | -998 K | -1.61 M | - | -4.48 M | -1.36 M | -1.4 M | - | -3.81 M | -2.15 M | -1.24 M | - | -1.58 M | -2.89 M | -934 K | - | -947 K | -77 K | -209 K | - | -110 K | 21.4 K | 232 K | - | -438 K | -726 K | -586 K | - | -535 K | -663 K | -477 K |
Interest Expense |
415 K | 404 K | 419 K | - | 755 K | 1.35 M | 880 K | - | 724 K | 547 K | 469 K | - | 3.35 M | 1.38 M | 973 K | - | 28.6 K | 33.1 K | 33.1 K | - | 95.8 K | 78.1 K | 70.3 K | - | 377 K | 700 K | 481 K | - | 2.87 K | 140 | 140 | - | 138 | 133 | 133 | - | 299 | 1.44 K | 17.5 K | - | 12.8 K | 12.8 K | 12.6 K | - | 21.3 K | 32 K | 84.1 K | - | 57.7 K | 30.6 K | 6.31 K |
EBITDA |
-940 K | 1.15 M | -2.5 M | - | 13 K | -36.5 M | 2.14 M | - | -6.52 M | -6.77 M | -6.64 M | - | -3.88 M | -3.22 M | -3.31 M | - | 638 K | 109 K | -1.06 M | - | -1.06 M | -977 K | -1.6 M | - | -4.46 M | -1.34 M | -1.39 M | - | -3.78 M | -2.13 M | -1.23 M | - | -1.57 M | -2.88 M | -932 K | - | -947 K | -76.9 K | -209 K | - | -107 K | 23.1 K | 233 K | - | 78.4 K | -529 K | -483 K | - | -473 K | -540 K | -415 K |
Operating Expenses |
1.16 M | 1.6 M | 2.75 M | - | 2.69 M | 35.9 M | -156 K | - | 12.7 M | 12.2 M | 11.3 M | - | 7.94 M | 7.59 M | 7.57 M | - | 2.09 K | 2.09 K | 2.09 K | - | 5.92 K | 5.92 K | 5.92 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 736 K | 1.05 M | 1.08 M | - | 815 K | 784 K | 546 K |
General and Administrative Expenses |
1.04 M | 1.49 M | 2.18 M | - | 2.67 M | 5.4 M | 6.16 M | - | 6.46 M | 6.98 M | 7.14 M | - | 4.47 M | 4.25 M | 4.43 M | - | 773 K | 885 K | 1.07 M | - | 1.13 M | 1.03 M | 2 M | - | 4.54 M | 1.37 M | 1.52 M | - | 3.89 M | 2.46 M | 1.55 M | - | 1.62 M | 2.93 M | 941 K | - | 1.04 M | 97.7 K | 245 K | - | 169 K | 152 K | 155 K | - | 422 K | 446 K | 422 K | - | 456 K | 540 K | 329 K |
All numbers in USD currency
The income statement is one of the three key financial reports of a company COMSovereign Holding Corp. (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
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