Avinger Historical Income Statement
| AVGR Stock | USD 0.83 0.03 3.75% |
Historical analysis of Avinger income statement accounts such as Interest Expense of 2.6 M, Selling General Administrative of 16.9 M or Selling And Marketing Expenses of 457.6 K can show how well Avinger performed in making a profits. Evaluating Avinger income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Avinger's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Avinger latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Avinger is a good buy for the upcoming year.
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About Avinger Income Statement Analysis
Avinger Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Avinger shareholders. The income statement also shows Avinger investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Avinger Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Avinger generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Avinger. It is also known as Avinger overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most accounts from Avinger's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Avinger current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avinger. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. To learn how to invest in Avinger Stock, please use our How to Invest in Avinger guide.At this time, Avinger's Total Operating Expenses is relatively stable compared to the past year. As of 11/29/2024, Non Operating Income Net Other is likely to grow to about 2.8 M, while Selling And Marketing Expenses is likely to drop slightly above 457.6 K.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 1.6M | 1.7M | 1.7M | 2.6M | Depreciation And Amortization | 1.7M | 1.3M | 289K | 274.6K |
Avinger income statement Correlations
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Avinger Account Relationship Matchups
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Avinger income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 890K | 1.9M | 1.7M | 1.3M | 289K | 274.6K | |
| Interest Expense | 1.5M | 1.7M | 1.6M | 1.7M | 1.7M | 2.6M | |
| Selling General Administrative | 16.5M | 14.3M | 15.6M | 14.2M | 14.1M | 16.9M | |
| Total Revenue | 9.1M | 8.8M | 10.1M | 8.3M | 7.7M | 8.3M | |
| Gross Profit | 2.9M | 2.6M | 3.4M | 2.7M | 2.0M | 2.3M | |
| Other Operating Expenses | 28.5M | 26.2M | 28.2M | 24.2M | 24.3M | 30.7M | |
| Operating Income | (19.4M) | (17.4M) | (18.1M) | (16.0M) | (16.6M) | (17.5M) | |
| Ebit | (19.4M) | (18.3M) | (19.1M) | (17.1M) | (16.6M) | (17.5M) | |
| Research Development | 5.7M | 5.7M | 5.9M | 4.4M | 4.5M | 7.8M | |
| Ebitda | (18.5M) | (16.4M) | (17.4M) | (15.8M) | (16.3M) | (17.2M) | |
| Cost Of Revenue | 6.3M | 6.1M | 6.7M | 5.6M | 5.6M | 6.0M | |
| Total Operating Expenses | 22.2M | 20.0M | 21.5M | 18.6M | 18.6M | 24.7M | |
| Income Before Tax | (19.5M) | (19.0M) | (17.4M) | (17.6M) | (18.3M) | (19.2M) | |
| Total Other Income Expense Net | (91K) | (1.6M) | 689K | (1.7M) | (1.7M) | (1.6M) | |
| Net Income | (19.8M) | (19.8M) | (20.7M) | (17.4M) | (18.3M) | (19.2M) | |
| Income Tax Expense | 302K | 817K | 3.3M | (196K) | 1.0 | 0.95 | |
| Net Income From Continuing Ops | (19.5M) | (19.0M) | (17.4M) | (17.6M) | (18.3M) | (19.2M) | |
| Net Income Applicable To Common Shares | (23.0M) | (22.9M) | (21.6M) | (27.2M) | (31.3M) | (32.9M) | |
| Interest Income | 214K | 288K | 34K | 3K | 2.7K | 2.6K | |
| Non Operating Income Net Other | 201K | 1.4M | 90K | 2.3M | 2.7M | 2.8M | |
| Net Interest Income | (1.2M) | (1.7M) | (1.6M) | (1.7M) | (1.7M) | (1.8M) | |
| Reconciled Depreciation | 890K | 897K | 687K | 196K | 289K | 274.6K |
Pair Trading with Avinger
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Avinger position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Avinger will appreciate offsetting losses from the drop in the long position's value.Moving together with Avinger Stock
Moving against Avinger Stock
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| 0.72 | MD | Mednax Inc | PairCorr |
| 0.62 | VREX | Varex Imaging Corp | PairCorr |
| 0.59 | DOCS | Doximity Sell-off Trend | PairCorr |
| 0.55 | OM | Outset Medical | PairCorr |
The ability to find closely correlated positions to Avinger could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avinger when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Avinger - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Avinger to buy it.
The correlation of Avinger is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Avinger moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avinger moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Avinger can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Avinger Stock Analysis
When running Avinger's price analysis, check to measure Avinger's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Avinger is operating at the current time. Most of Avinger's value examination focuses on studying past and present price action to predict the probability of Avinger's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avinger's price. Additionally, you may evaluate how the addition of Avinger to your portfolios can decrease your overall portfolio volatility.