CleanSpark Historical Income Statement
| CLSK Stock | USD 13.86 0.83 6.37% |
Historical analysis of CleanSpark income statement accounts such as Other Operating Expenses of 361.6 M, Total Operating Expenses of 195 M or Selling General Administrative of 38.3 M can show how well CleanSpark performed in making a profits. Evaluating CleanSpark income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of CleanSpark's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining CleanSpark 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 CleanSpark is a good buy for the upcoming year.
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About CleanSpark Income Statement Analysis
CleanSpark 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 CleanSpark shareholders. The income statement also shows CleanSpark 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).
CleanSpark Income Statement Chart
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Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of CleanSpark. It is also known as CleanSpark 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.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Cost Of Revenue
Cost of Revenue is found on CleanSpark income statement and represents the costs associated with goods and services CleanSpark provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Most accounts from CleanSpark's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into CleanSpark 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 CleanSpark. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. For more information on how to buy CleanSpark Stock please use our How to buy in CleanSpark Stock guide.At this time, CleanSpark's Cost Of Revenue is quite stable compared to the past year. Income Tax Expense is expected to rise to about 1 M this year, although the value of EBIT is projected to rise to (109.7 M).
CleanSpark income statement Correlations
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CleanSpark Account Relationship Matchups
High Positive Relationship
High Negative Relationship
CleanSpark income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 10.4M | 154.1K | 1.1M | 3.0M | 3.4M | 1.7M | |
| Other Operating Expenses | 25.2M | 65.1M | 148.1M | 299.5M | 344.4M | 361.6M | |
| Operating Income | (15.1M) | (15.7M) | (16.1M) | (131.0M) | (117.9M) | (112.0M) | |
| Ebit | (12.9M) | (8.1M) | (39.0M) | (128.3M) | (115.5M) | (109.7M) | |
| Ebitda | (10.0M) | 2.0M | 10.1M | (7.6M) | (6.8M) | (6.5M) | |
| Total Operating Expenses | 17.3M | 51.2M | 106.9M | 161.5M | 185.7M | 195.0M | |
| Income Before Tax | (23.3M) | (21.8M) | (40.1M) | (131.3M) | (118.2M) | (112.3M) | |
| Net Income | (33.8M) | (22.5M) | (57.7M) | (136.6M) | (122.9M) | (116.8M) | |
| Total Other Income Expense Net | (8.2M) | 165.3K | (2.2M) | (260K) | (234K) | (245.7K) | |
| Selling General Administrative | 14.4M | 38.9M | 57.8M | 31.7M | 36.4M | 38.3M | |
| Depreciation And Amortization | 2.9M | 10.1M | 49.2M | 120.7M | 138.8M | 145.8M | |
| Total Revenue | 10.0M | 49.4M | 131.5M | 168.4M | 193.7M | 203.4M | |
| Gross Profit | 2.1M | 35.5M | 90.3M | 29.1M | 33.5M | 17.4M | |
| Net Income From Continuing Ops | (23.3M) | (28.6M) | (40.1M) | (132.2M) | (118.9M) | (113.0M) | |
| Cost Of Revenue | 7.9M | 14.0M | 41.2M | 139.3M | 160.2M | 168.2M | |
| Net Income Applicable To Common Shares | (26.1M) | (23.3M) | (21.8M) | (57.3M) | (51.6M) | (49.0M) | |
| Income Tax Expense | 10.5M | 698.9K | 17.6M | 857K | 985.6K | 1.0M | |
| Interest Income | 308.8K | 221.5K | 190.5K | 481K | 432.9K | 411.3K | |
| Net Interest Income | (10.4M) | 67.4K | (887.3K) | (2.5M) | (2.2M) | (2.4M) | |
| Reconciled Depreciation | 2.9M | 12.2M | 49.0M | 120.7M | 138.8M | 145.8M |
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Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CleanSpark. If investors know CleanSpark will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CleanSpark listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.99) | Revenue Per Share 1.788 | Quarterly Revenue Growth 1.287 | Return On Assets 0.022 | Return On Equity (0.15) |
The market value of CleanSpark is measured differently than its book value, which is the value of CleanSpark that is recorded on the company's balance sheet. Investors also form their own opinion of CleanSpark's value that differs from its market value or its book value, called intrinsic value, which is CleanSpark's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CleanSpark's market value can be influenced by many factors that don't directly affect CleanSpark's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CleanSpark's value and its price as these two are different measures arrived at by different means. Investors typically determine if CleanSpark is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CleanSpark's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.