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ToughBuilt Industries Income Statement 2023-2011 | TBLT
Brief overview of revenue and earnings at ToughBuilt Industries
The conclusions below are based on five years of reported results. ToughBuilt Industries reported revenue of 15.3 million dollars in 2018 and 76.3 million dollars by 2023. Overall revenue changed by +398.9%, equal to an annualized rate of about 37.9%. The annual growth rate indicates an exceptionally strong top-line trend.
The five-year change in gross profit reached +369.4%: from $3.5 million to $16.4 million. The relationship between sales and direct costs deteriorated. Comparing the endpoints gives gross margins of 22.9% and 21.5%. There was no meaningful shift in gross profitability.
The five-year EBITDA result moved by −712.8%: from −6.3 million dollars to −51.5 million dollars. Changes in revenue did not translate into comparable EBITDA performance. At the operating-margin level, the figure shifted from −41.4% to −67.5%. Cost pressure reduced operating profitability.
The net financial result changed from −27.7 million dollars to −46.4 million dollars. Larger losses indicate rising pressure on the business.
Conclusion
Signs of deterioration dominate the five-year picture. The financial profile benefits from sales growth. The main areas of concern are a low EBITDA margin, a lower gross margin and weaker operating efficiency. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.
Annual Income Statement ToughBuilt Industries
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
- | 127 K | 18 M | 4.62 B | 837 M | 11.3 B | - | - | - | - | - | - | - |
Shares |
380 K | 101 K | 669 K | 27.2 M | 3.1 M | 4.48 M | 3.68 M | - | - | - | - | - | - |
Historical Prices |
1.25 | 26.9 | 170 | 270 | 2.52 K | - | - | - | - | - | - | - | |
Net Income |
-46.4 M | -39.3 M | -37.5 M | -17.3 M | -4.3 M | -27.7 M | -5.94 M | -4.73 M | - | - | - | - | - |
Revenue |
76.3 M | 95.3 M | 70 M | 39.4 M | 19.1 M | 15.3 M | 14.2 M | 9.22 M | - | - | - | - | - |
Cost of Revenue |
59.9 M | 70 M | 50.9 M | 26.6 M | 14.2 M | 11.8 M | 10.2 M | - | - | - | - | - | - |
Gross Profit |
16.4 M | 25.2 M | 19.1 M | 12.9 M | 4.94 M | 3.5 M | 3.97 M | 1.72 M | - | - | - | - | - |
Operating Income |
-57.2 M | -52.3 M | -39.3 M | -14.4 M | -8.58 M | -6.45 M | -3.78 M | - | - | - | - | - | - |
Interest Expense |
- | 13 M | 1.77 M | -2.96 M | 4.28 M | 7.5 K | -2.16 M | - | - | - | - | - | - |
EBITDA |
-51.5 M | -48.1 M | -37.5 M | -13.8 M | -8.36 M | -6.33 M | -3.66 M | -3.9 M | - | - | - | - | - |
Operating Expenses |
73.6 M | 77.5 M | 58.4 M | 27.2 M | 13.5 M | 9.95 M | 7.75 M | 5.65 M | - | - | - | - | - |
General and Administrative Expenses |
56 M | 66.2 M | 51.4 M | 22.2 M | 11.4 M | 6.94 M | 6.07 M | - | - | - | - | - | - |
All numbers in USD currency
Quarterly Income Statement ToughBuilt Industries
| 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 |
31.3 M | 15.8 M | 14.7 M | 14.1 M | 10.9 M | 1.28 M | 862 K | 862 K | 122 M | 81.6 M | 67.6 M | 43.9 M | 38.4 M | 22.2 M | 8.68 M | 3.3 M | 30.8 M | 19 M | 11.7 M | 9.87 M | 3.68 M | 3.68 M | 3.68 M | 3.68 M | 3.68 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net Income |
-14.2 M | -5.73 M | -8.28 M | - | 8.01 M | -12.1 M | -12.1 M | - | -9.09 M | -7.42 M | -6.05 M | - | 121 K | -2.52 M | -3.75 M | - | -2.69 M | 7.42 K | 500 K | - | -3.01 M | -2.72 M | -1.41 M | - | -1.33 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Revenue |
20.6 M | 18.9 M | 20.2 M | - | 30.2 M | 17.9 M | 17.2 M | - | 17.2 M | 15.9 M | 12.3 M | - | 16.7 M | 6.84 M | 3.91 M | - | 4.78 M | 4.75 M | 5.02 M | - | 3.46 M | 4.54 M | 3.93 M | - | 3.02 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cost of Revenue |
15.7 M | 13 M | 16.7 M | - | 22.3 M | 12.9 M | 14.2 M | - | 11.8 M | 12.5 M | 8.82 M | - | 9.11 M | 4.28 M | 2.39 M | - | 3.3 M | 3.58 M | 3.84 M | - | 2.81 M | 3.45 M | 2.96 M | - | 2.17 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
4.91 M | 5.84 M | 3.56 M | - | 7.92 M | 4.95 M | 3 M | - | 5.44 M | 3.35 M | 3.46 M | - | 7.55 M | 2.56 M | 1.52 M | - | 1.48 M | 1.18 M | 1.18 M | - | 654 K | 1.09 M | 965 K | - | 855 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Income |
-10.6 M | -12 M | -15.1 M | - | -9.54 M | -12.3 M | -15.4 M | - | -11.4 M | -7.32 M | -5.89 M | - | 336 K | -2.18 M | -3.51 M | - | -2.46 M | -2.02 M | -2.02 M | - | -1.86 M | -1.99 M | -749 K | - | -685 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Interest Expense |
147 K | 576 K | 6.79 M | - | 17.5 M | 167 K | 3.34 M | - | 2.31 M | -103 K | -161 K | - | -215 K | -341 K | -248 K | - | -228 K | 2.03 M | 2.52 M | - | 7.5 K | -724 K | -664 K | - | -643 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA |
-6.49 M | -9.43 M | -13.9 M | - | -8.38 M | -11.3 M | -14.5 M | - | -10.9 M | -6.97 M | -5.6 M | - | 513 K | -2.05 M | -3.42 M | - | -2.41 M | -1.95 M | -1.98 M | - | -1.82 M | -1.96 M | -718 K | - | -654 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Expenses |
15.5 M | 17.9 M | 18.6 M | - | 17.5 M | 17.3 M | 18.4 M | - | 16.9 M | 10.7 M | 9.36 M | - | 7.21 M | 4.74 M | 5.03 M | - | 3.94 M | 3.19 M | 3.19 M | - | 2.51 M | 3.08 M | 1.71 M | - | 1.54 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
General and Administrative Expenses |
12.6 M | 15 M | 15.1 M | - | 14.7 M | 14.5 M | 15.9 M | - | 15.2 M | 9.24 M | 7.95 M | - | 6.42 M | 4.31 M | 4.5 M | - | 3.55 M | 2.53 M | 2.73 M | - | 1.92 M | 1.41 M | 1.33 M | - | 976 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
The income statement is one of the three key financial reports of a company ToughBuilt Industries (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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