IMCC Historical Income Statement
| IMCC Stock | USD 3.69 1.25 51.23% |
Historical analysis of Im Cannabis income statement accounts such as Total Revenue of 51.2 M or Gross Profit of 10.3 M can show how well Im Cannabis Corp performed in making a profits. Evaluating Im Cannabis income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Im Cannabis's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Im Cannabis Corp 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 Im Cannabis Corp is a good buy for the upcoming year.
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About IMCC Income Statement Analysis
Im Cannabis Corp 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 Im Cannabis shareholders. The income statement also shows IMCC 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).
Im Cannabis Income Statement Chart
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Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Im Cannabis Corp minus its cost of goods sold. It is profit before Im Cannabis operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Im Cannabis Corp. It is also known as Im Cannabis 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 Im Cannabis' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Im Cannabis Corp 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Im Cannabis Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. At present, Im Cannabis' Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Total Revenue is expected to grow to about 51.2 M, whereas Operating Income is projected to grow to (12.2 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Cost Of Revenue | 44.0M | 45.2M | 39.0M | 25.6M | Minority Interest | 755K | 2.4M | 2.0M | 1.6M |
Im Cannabis income statement Correlations
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Im Cannabis Account Relationship Matchups
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Im Cannabis income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 4.3M | 930K | 5.7M | 7.3M | 3.0M | 3.1M | |
| Interest Expense | 707K | 20.5M | 1.6M | 2.0M | 3.7M | 3.9M | |
| Total Revenue | 9.1M | 15.9M | 54.3M | 54.3M | 48.8M | 51.2M | |
| Gross Profit | 3.9M | 10.5M | 10.3M | 9.2M | 9.8M | 10.3M | |
| Operating Income | (6.6M) | (8.2M) | (38.4M) | (26.4M) | (12.8M) | (12.2M) | |
| Ebit | (6.6M) | (8.0M) | (16.4M) | (24.1M) | (5.8M) | (5.5M) | |
| Ebitda | (2.4M) | (7.0M) | (10.6M) | (16.8M) | (2.8M) | (2.7M) | |
| Income Before Tax | (7.3M) | (28.5M) | (18.0M) | (26.1M) | (9.5M) | (9.0M) | |
| Total Other Income Expense Net | (686K) | (20.2M) | 22.9M | 4.7M | 3.3M | 3.5M | |
| Net Income | (7.4M) | (28.7M) | (18.5M) | (24.9M) | (9.5M) | (9.0M) | |
| Income Tax Expense | 90K | 262K | 505K | (1.1M) | 771K | 809.6K | |
| Other Operating Expenses | 15.7M | 24.1M | 92.7M | 80.7M | 61.6M | 64.7M | |
| Total Operating Expenses | 10.6M | 18.7M | 48.7M | 35.6M | 22.6M | 23.8M | |
| Selling General Administrative | 9.1M | 14.8M | 39.7M | 24.1M | 16.3M | 8.7M | |
| Selling And Marketing Expenses | 1.2M | 3.8M | 9.0M | 11.5M | 2.8M | 2.7M | |
| Net Interest Income | 2.9M | (20.2M) | 20.4M | 4.7M | 3.8M | 4.0M | |
| Net Income From Continuing Ops | (7.4M) | (28.7M) | (18.5M) | (24.9M) | (22.5M) | (21.4M) | |
| Net Income Applicable To Common Shares | 1.7M | (7.3M) | (28.7M) | (17.8M) | (16.0M) | (16.8M) | |
| Minority Interest | 1.4M | 1.5M | 755K | 2.4M | 2.0M | 1.6M | |
| Cost Of Revenue | 5.1M | 5.4M | 44.0M | 45.2M | 39.0M | 25.6M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Im Cannabis Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Im Cannabis' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Im Cannabis Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Im Cannabis Corp Stock:Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Im Cannabis Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Biotechnology 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 Im Cannabis. If investors know IMCC 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 Im Cannabis listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (4.11) | Revenue Per Share 22.335 | Quarterly Revenue Growth 0.117 | Return On Assets (0.17) | Return On Equity (1.12) |
The market value of Im Cannabis Corp is measured differently than its book value, which is the value of IMCC that is recorded on the company's balance sheet. Investors also form their own opinion of Im Cannabis' value that differs from its market value or its book value, called intrinsic value, which is Im Cannabis' 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 Im Cannabis' market value can be influenced by many factors that don't directly affect Im Cannabis' 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 Im Cannabis' value and its price as these two are different measures arrived at by different means. Investors typically determine if Im Cannabis is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Im Cannabis' 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.