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iSun Income Statement 2023-2011 | ISUN
Brief overview of financial results at iSun
The figures are compared over a five-year interval. Revenue reported by iSun was $16 million at the beginning of the period and $95.7 million at the end. The five-year change reached +499.7%, while CAGR stood at 43.1%. Sales grew at a rate typical of a strong expansion phase.
Gross profit was 3.1 million dollars at the start and 17.9 million dollars at the end of the period (+468.9%). Costs absorbed a larger share of revenue over the period. At the margin level, the figure shifted from 19.7% to 18.7%. The relationship between gross profit and revenue changed only slightly.
Over the period, EBITDA shifted from $1.7 million to −$11.2 million, a change of −749.3%. The operating result developed less favorably than sales. The EBITDA share of revenue changed from 10.8% to −11.7%. Cost pressure reduced operating profitability.
The final result was $1.1 million initially and −$19.4 million in the final year. A positive result was not sustained and the period ended with a loss.
The market value of the business moved from $35.6 million to $5.6 million, or −84.3%. The market has not yet confirmed the improvement in fundamentals.
What the figures show
The results contain several connected negative signals. The positive side is supported by sales growth. The main areas of concern are declining capitalization, lower net income and a declining EBITDA margin. Further direction will depend on top-line growth, operating profitability, and net income.
Annual Income Statement iSun
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
5.61 M | 10.6 M | 55.2 M | 31.5 M | 11 M | 35.6 M | 20 M | 19.2 M | - | - | - | - | - |
Shares |
26.7 M | 14.1 M | 9.26 M | 5.3 M | 4.45 M | 3.23 M | 1.94 M | 1.89 M | 1.37 M | - | - | - | - |
Historical Prices |
0.21 | 0.75 | 5.96 | 5.95 | 2.48 | 11 | 10.3 | 10.2 | - | - | - | - | - |
Net Income |
-19.4 M | -53.8 M | -6.24 M | -980 K | 2.53 M | 1.06 M | -584 K | -434 K | -130 K | - | - | - | - |
Revenue |
95.7 M | 76.5 M | 45.3 M | 21.1 M | 1.07 M | 16 M | - | - | - | - | - | - | - |
Cost of Revenue |
77.8 M | 60.5 M | 38.9 M | 18.7 M | 24.1 M | 12.8 M | - | - | - | - | - | - | - |
Gross Profit |
17.9 M | 16 M | 6.39 M | 2.34 M | 4.17 M | 3.15 M | - | - | - | - | - | - | - |
Operating Income |
-12.7 M | -55.4 M | -10.6 M | -1.69 M | 921 K | 1.19 M | -747 K | -542 K | -130 K | - | - | - | - |
Interest Expense |
1.69 M | 1.35 M | 518 K | 303 K | 244 K | 135 K | 54.4 K | 848 | 374 | - | - | - | - |
EBITDA |
-11.2 M | -48.3 M | -9.63 M | -1.1 M | 1.54 M | 1.73 M | -747 K | -542 K | -130 K | - | - | - | - |
Operating Expenses |
30.6 M | 71.4 M | 17 M | 4.03 M | 3.25 M | 1.96 M | - | - | - | - | - | - | - |
General and Administrative Expenses |
21.6 M | 22.4 M | 13.3 M | 3.34 M | 2.39 M | 244 K | 187 K | 145 K | 2.74 K | - | - | - | - |
All numbers in USD currency
Quarterly Income Statement iSun
| 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 |
30.9 M | 19.7 M | 16 M | 15.1 M | 13.5 M | 14.1 M | 12.6 M | 11.8 M | 9.1 M | 9.06 M | 7.7 M | 5.31 M | 5.3 M | 5.3 M | 5.3 M | 5.3 M | 5.47 M | 3.48 M | 1.82 M | 3.23 M | 2.08 M | 2.06 M | 2.02 M | 2.02 M | 1.94 M | 1.93 M | 1.92 M | 1.92 M | 1.9 M | 1.93 M | 1.82 M | 1.15 M | 1.44 M | 1.44 M | 1.31 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net Income |
-2.25 M | -2.51 M | -3 M | - | -4.93 M | -5.68 M | -2.9 M | - | -656 K | -1.32 M | -3.11 M | - | -516 K | -829 K | -433 K | - | 76.2 K | -996 K | -205 K | - | 187 K | -206 K | -284 K | - | -110 K | -79.1 K | -135 K | - | -51.4 K | -95.2 K | -144 K | - | -10.9 K | -38.9 K | -31.1 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Revenue |
27.9 M | 25 M | 17.4 M | - | 19 M | 16.5 M | 15.1 M | - | 6.68 M | 4.35 M | 7.26 M | - | 4.97 M | 2.77 M | 3.98 M | - | 11.7 M | 6.28 M | 3.85 M | - | 3.99 M | 4.6 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cost of Revenue |
22.5 M | 19.1 M | 13.8 M | - | 15.4 M | 12.7 M | 11.9 M | - | 5.38 M | 4.99 M | 7.14 M | - | 4.73 M | 2.77 M | 3.67 M | - | 10.3 M | 4.81 M | 2.96 M | - | 2.89 M | 3.23 M | - | - | - | - | - | - | 10 K | 10 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
5.43 M | 5.94 M | 3.55 M | - | 3.62 M | 3.75 M | 3.17 M | - | 1.3 M | -635 K | 119 K | - | 238 K | 4.28 K | 317 K | - | 1.44 M | 1.47 M | 887 K | - | 1.11 M | 1.37 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Income |
-1.78 M | -1.75 M | -2.65 M | - | -4.86 M | -5.62 M | -5.7 M | - | -1.62 M | -2.8 M | -2.6 M | - | -652 K | -1.04 M | -494 K | - | 179 K | 573 K | -299 K | - | -178 K | -258 K | -295 K | - | -164 K | -137 K | -175 K | - | -85.1 K | -138 K | -154 K | - | -10.8 K | -38.8 K | -30.9 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Interest Expense |
292 K | 448 K | 349 K | - | 84 K | 87 K | 629 K | - | -42.4 K | 50.9 K | 36.5 K | - | 72.6 K | 65.4 K | 80.8 K | - | 54.7 K | 61.9 K | 31.7 K | - | 16.2 K | 14.6 K | 74.8 K | - | 1.22 K | 335 | 143 | - | 184 | 320 | 298 | - | 40 | 120 | 192 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA |
-996 K | -990 K | -1.9 M | - | -3.09 M | -3.84 M | -5.16 M | - | -1.05 M | -2.5 M | -2.46 M | - | -514 K | -888 K | -339 K | - | 334 K | 884 K | -148 K | - | -81.3 K | -58.4 K | -295 K | - | -164 K | -137 K | -175 K | - | -85.1 K | -138 K | -154 K | - | -10.8 K | -38.8 K | -30.9 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Expenses |
7.21 M | 7.69 M | 6.2 M | - | 8.47 M | 9.37 M | 8.87 M | - | 2.93 M | 2.17 M | 2.72 M | - | 890 K | 1.05 M | 811 K | - | 1.26 M | 901 K | 456 K | - | 562 K | 671 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
General and Administrative Expenses |
5.75 M | 6.33 M | 4.85 M | - | 5.96 M | 5.98 M | 7.02 M | - | 2.36 M | 1.65 M | 1.47 M | - | 709 K | 864 K | 618 K | - | 967 K | 488 K | 42.3 K | - | 75 K | 71.9 K | 78.7 K | - | 45.4 K | 44.6 K | 51.1 K | - | 6.86 K | 76.3 K | 9.34 K | - | 860 | 335 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
The income statement is one of the three key financial reports of a company iSun (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.