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Kaspien Holdings Income Statement 2023-2009 | KSPN
Brief overview of income trends at Kaspien Holdings
The conclusions below are based on five years of reported results. Revenue at Kaspien Holdings moved from $92 million in 2018 to $33.4 million in 2023. Overall revenue changed by −63.7%, equal to an annualized rate of about −18.3%. The business finished the period with a smaller revenue base.
The five-year change in gross profit reached −84.5%: from $27.4 million to $4.2 million. The relationship between revenue and direct costs remained stable. Gross profit as a share of revenue changed from 29.8% to 12.7%. The contraction points to pressure from direct costs or weaker pricing power.
EBITDA changed from −41.1 million dollars to −14.2 million dollars (+65.5%). The operating result outpaced sales and points to improving efficiency. EBITDA margin moved from −44.7% to −42.5%. The business generated more EBITDA from each unit of revenue.
Across the five years, the net result shifted from −14.1 million dollars to −6.6 million dollars. The negative result improved without reaching break-even.
Overall conclusion
Signs of deterioration dominate the five-year picture. The constructive conclusion rests on positive operating leverage and net-income growth. Caution is warranted because of a lower gross margin, weak sales momentum and a narrow EBITDA buffer. Investors should continue to monitor margins, costs, and earnings quality.
Annual Income Statement Kaspien Holdings
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
2.19 M | 1.54 M | 19.3 M | 26.6 M | 3.65 M | 456 M | 1.18 B | 2.03 B | 2.27 B | 2.14 B | 2.48 B | 1.71 B | 1.24 B | - | - |
Shares |
3.48 M | 2.45 M | 1.85 M | 1.82 M | 1.81 M | 36.2 M | 32.2 M | 31.2 M | 31.7 M | 32.6 M | 31.6 M | 31.5 M | 31.4 M | 31.4 M | - |
Historical Prices |
0.63 | 0.63 | 10.4 | 14.6 | 2.01 | 12.6 | 36.6 | 65.2 | 71.6 | 65.8 | 78.6 | 54.2 | 39.4 | - | - |
Net Income |
-6.64 M | -3.56 M | -886 K | 2.55 M | -23.2 M | -14.1 M | -8.07 M | -483 K | -4.33 M | -4.48 M | -3.32 M | -2.19 M | -4.51 M | -42.4 M | - |
Revenue |
33.4 M | 29.1 M | 32.2 M | 38.9 M | 28.6 M | 92 M | 93 M | 66.3 M | 69 M | 394 M | 459 M | 543 M | 652 M | - | - |
Cost of Revenue |
104 M | 111 M | 119 M | 122 M | 290 M | 299 M | 219 M | 204 M | - | - | - | - | - | - | - |
Gross Profit |
4.24 M | 6.58 M | 8 M | 9.6 M | 2.72 M | 27.4 M | 31.6 M | 26.9 M | 27.8 M | 28.5 M | 30.7 M | 34.7 M | 40.7 M | 262 M | - |
Operating Income |
-15.4 M | -9.62 M | -5.72 M | -15 M | -96.8 M | -51.4 M | -3.87 M | 4.57 M | 3.78 M | 10.4 M | 36.3 M | 5.5 M | -27.3 M | -52.7 M | - |
Interest Expense |
- | 3.48 M | - | -364 K | 227 K | -332 K | -775 K | -1.86 M | -1.95 M | -2.01 M | -2.38 M | -3.43 M | -3.56 M | -2.91 M | - |
EBITDA |
-14.2 M | -8.25 M | -4.61 M | -3.53 M | -87.7 M | -41.1 M | 4.27 M | 9.76 M | 8.16 M | 14.7 M | 40.7 M | 12.1 M | -15.1 M | -36.1 M | - |
Operating Expenses |
- | - | - | 129 M | 165 M | 168 M | 140 M | 126 M | 132 M | 138 M | 159 M | 193 M | 245 M | - | - |
General and Administrative Expenses |
39.8 M | 42.4 M | 45.1 M | 25.1 M | 165 M | 168 M | 140 M | 131 M | 137 M | 138 M | 159 M | 193 M | 245 M | 311 M | - |
All numbers in USD currency
Quarterly Income Statement Kaspien Holdings
| 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 |
4.97 M | 4.96 M | 4.96 M | - | 3.86 M | 2.61 M | 2.49 M | - | 2.49 M | 2.49 M | 2.32 M | - | 1.82 M | 1.82 M | 1.82 M | - | 1.82 K | 1.82 K | 36.3 K | - | 36.3 M | 1.82 K | 36.2 M | - | 36.2 M | 36.2 M | 36.2 M | - | 31.4 M | 30.4 M | 30.8 M | - | 31.1 M | 31.2 M | 31.2 M | - | - | 32.1 M | 32.1 M | - | - | 32.3 M | 32.3 M | - | 31.6 M | 31.5 M | 31.5 M | - | 31.5 M | 31.5 M | 31.4 M |
Net Income |
-1.77 M | -1.16 M | -2.15 M | -5.81 M | -3.56 M | -4.42 M | -4.43 M | -139 K | -886 K | 82 K | -1.42 M | -19.7 M | 2.55 M | -899 K | -5.41 M | -65.7 M | -23.2 M | -8.13 M | -7.8 M | -32.4 M | -14.1 M | -9.51 M | -8.15 M | 8.32 M | -8.07 M | -5.56 M | 3.53 M | 9.87 M | -484 K | -4.66 M | 27 K | 11.7 M | -4.33 M | -3.04 M | 194 K | 12.5 M | -4.48 M | -5.1 M | -386 K | 35 M | -3.32 M | 1.6 M | 1.6 M | 16.5 M | -2.19 M | -1.89 M | 2.8 M | - | -4.51 M | -7.28 M | -2.55 M |
Revenue |
26.4 M | 33.1 M | 32.9 M | 36 M | 29.1 M | 33.9 M | 31.8 M | 45.5 M | 32.2 M | 34.9 M | 40.6 M | 35.2 M | 38.9 M | 42.3 M | 31.6 M | 127 M | 69.5 M | 76 M | 80.2 M | 145 M | 92 M | 101 M | 96.6 M | 147 M | 93 M | 102 M | 102 M | 123 M | 66.3 M | 64.3 M | 75.7 M | - | 67.9 M | 67.5 M | 78 M | - | 72.5 M | 71.9 M | 87.2 M | - | 79.8 M | 80.8 M | 93.9 M | - | - | - | - | - | - | - | - |
Cost of Revenue |
20.3 M | 25.8 M | 25.5 M | - | 22.6 M | 27.2 M | 24.9 M | - | 24.2 M | 26.1 M | 30.8 M | - | 35 M | 37.9 M | 28.3 M | - | 46.4 M | 50.9 M | 54.8 M | - | 64.6 M | 70 M | 64.9 M | - | 61.4 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
6.12 M | 7.32 M | 7.45 M | 6.14 M | 6.58 M | 6.73 M | 6.85 M | 11.2 M | 8 M | 8.84 M | 9.8 M | 2.27 M | 3.89 M | 4.42 M | 3.31 M | 36.8 M | 23.1 M | 25.1 M | 25.4 M | 40.8 M | 27.4 M | 32.2 M | 31.7 M | 50.3 M | 31.6 M | 35.2 M | 36.3 M | 47.3 M | 26.9 M | 26.7 M | 30.8 M | 46.6 M | 27.8 M | 28.2 M | 30.8 M | 49.4 M | 28.5 M | 28 M | 32.8 M | 59.8 M | 30.7 M | 35.8 M | 35.8 M | 69.2 M | 34.7 M | 35.8 M | 41.8 M | - | 40.7 M | 40 M | 48.3 M |
Operating Income |
-812 K | -933 K | -1.26 M | - | -2.68 M | -3.47 M | -3.67 M | - | -2.01 M | -1.38 M | -861 K | - | -612 K | -493 K | -5.18 M | - | -22.9 M | -7.4 M | -7.64 M | - | -13.8 M | -9.39 M | -8.16 M | - | -8.11 M | -5.37 M | -5.21 M | - | -7.81 M | -4.52 M | -685 K | - | -3.8 M | -2.56 M | 676 K | - | -3.99 M | -4.57 M | 144 K | - | -2.81 M | 2.13 M | 2.13 M | - | -1.63 M | -1.32 M | 3.61 M | - | -3.74 M | -6.42 M | -1.68 M |
Interest Expense |
9 K | 777 K | -896 K | - | - | - | -762 K | - | 1.57 M | 1.96 M | -555 K | - | -381 K | -406 K | -228 K | - | 30 K | -462 K | 43 K | - | 43 K | 49 K | 79 K | - | 59 K | 43 K | 15 K | - | 51 K | 86 K | 932 K | - | 44 K | 14 K | -438 K | - | -469 K | -476 K | -483 K | - | -481 K | -484 K | -484 K | - | -513 K | -522 K | -770 K | - | -774 K | -793 K | -832 K |
EBITDA |
-277 K | -567 K | -1.07 M | - | -1.72 M | -2.88 M | -3.37 M | - | -950 K | -665 K | -515 K | - | 171 K | - | -4.94 M | - | -20.6 M | -5.94 M | -6.95 M | - | -11.5 M | -7.12 M | -5.92 M | - | -4.52 M | -1.87 M | -1.83 M | - | -5.48 M | -2.8 M | 878 K | - | -2.44 M | -1.39 M | 1.76 M | - | -2.9 M | -3.59 M | 1.05 M | - | -1.67 M | 3.08 M | 3.08 M | - | -558 K | -308 K | 4.68 M | - | -2.26 M | -4.68 M | -1.68 M |
General and Administrative Expenses |
6.93 M | 8.25 M | 8.71 M | - | 9.26 M | 10.2 M | 10.5 M | - | 10 M | 10.2 M | 10.7 M | - | 4.5 M | 4.92 M | 8.49 M | - | 29.9 M | 32.5 M | 33 M | - | 41.1 M | 41.6 M | 40.1 M | - | 40.6 M | 40.5 M | 41.5 M | - | 34.7 M | 31.2 M | 31.5 M | - | 31.6 M | 30.8 M | 30.1 M | - | 32.5 M | 32.6 M | 32.6 M | - | 33.6 M | 33.7 M | 33.7 M | - | 36.4 M | 37.1 M | 38.2 M | - | 44.4 M | 46.4 M | 50 M |
All numbers in USD currency
The income statement is one of the three key financial reports of a company Kaspien Holdings (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.