Luokung Historical Income Statement
| LKCO Stock | USD 1.77 0.05 2.75% |
Historical analysis of Luokung Technology income statement accounts such as Selling And Marketing Expenses of 6.3 M can show how well Luokung Technology Corp performed in making a profits. Evaluating Luokung Technology income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Luokung Technology's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Luokung Technology 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 Luokung Technology Corp is a good buy for the upcoming year.
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About Luokung Income Statement Analysis
Luokung Technology 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 Luokung Technology shareholders. The income statement also shows Luokung 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).
Luokung Technology Income Statement Chart
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Gross Profit
Gross profit is a required income statement account that reflects total revenue of Luokung Technology Corp minus its cost of goods sold. It is profit before Luokung Technology 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 Luokung Technology Corp. It is also known as Luokung Technology 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.Operating Income
Operating Income is the amount of profit realized from Luokung Technology Corp operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Luokung Technology Corp is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Luokung Technology income statement and is an important metric when analyzing Luokung Technology Corp profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Luokung Technology Corp whose combined shares represent less than 50% of the total outstanding shares issued by Luokung Technology have a minority interest in Luokung Technology.Most accounts from Luokung Technology's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Luokung Technology 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Luokung Technology 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 this time, Luokung Technology's Total Operating Expenses is very stable compared to the past year. As of the 11th of December 2024, Total Other Income Expense Net is likely to grow to about 6.1 M, while Selling And Marketing Expenses is likely to drop about 6.3 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 81.7M | 76.2M | 191.5M | 201.1M | Cost Of Revenue | 129.0M | 77.9M | 5.6M | 5.3M |
Luokung Technology income statement Correlations
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Luokung Technology Account Relationship Matchups
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Luokung Technology income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 5.9M | 5.6M | 14.6M | 18.7M | 21.6M | 22.6M | |
| Interest Expense | 102.1K | 3.6M | 4.1M | 3.4M | 3.5M | 3.7M | |
| Selling General Administrative | 22.8M | 29.9M | 30.1M | 20.7M | 141.1M | 148.1M | |
| Selling And Marketing Expenses | 3.8M | 1.7M | 6.1M | 5.7M | 6.5M | 6.3M | |
| Total Revenue | 18.8M | 18.3M | 145.1M | 93.6M | 10.2M | 9.7M | |
| Gross Profit | 3.8M | 784.3K | 16.0M | 15.7M | 4.6M | 7.0M | |
| Other Operating Expenses | 50.3M | 58.5M | 210.7M | 154.1M | 177.3M | 186.1M | |
| Operating Income | (31.5M) | (40.3M) | (65.6M) | (60.5M) | (181.3M) | (172.2M) | |
| Ebit | (30.6M) | (36.4M) | (65.5M) | (50.8M) | (45.7M) | (43.4M) | |
| Research Development | 8.7M | 9.4M | 45.5M | 49.9M | 25.2M | 26.4M | |
| Ebitda | (24.7M) | (30.8M) | (50.9M) | (32.0M) | (28.8M) | (27.4M) | |
| Cost Of Revenue | 15.0M | 17.5M | 129.0M | 77.9M | 5.6M | 5.3M | |
| Total Operating Expenses | 35.3M | 41.0M | 81.7M | 76.2M | 191.5M | 201.1M | |
| Income Before Tax | (32.0M) | (40.1M) | (69.6M) | (54.2M) | (179.0M) | (170.0M) | |
| Total Other Income Expense Net | (505.5K) | 193.9K | (4.0M) | 6.4M | 5.8M | 6.1M | |
| Net Income | (32.0M) | (45.2M) | (61.5M) | (50.2M) | (181.3M) | (172.3M) | |
| Income Tax Expense | (71.0K) | 5.2M | (8.1M) | (3.9M) | (3.5M) | (3.4M) | |
| Net Income Applicable To Common Shares | (31.5M) | (39.9M) | (68.8M) | (52.5M) | (47.3M) | (44.9M) | |
| Net Interest Income | (102.1K) | (3.6M) | (4.1M) | (3.4M) | (3.5M) | (3.3M) | |
| Net Income From Continuing Ops | (32.0M) | (40.1M) | (61.5M) | (50.2M) | (181.7M) | (172.6M) | |
| Reconciled Depreciation | 6.5M | 6.0M | 14.6M | 18.7M | 16.0M | 10.6M |
Pair Trading with Luokung Technology
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 Luokung Technology 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 Luokung Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Luokung Stock
Moving against Luokung Stock
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The ability to find closely correlated positions to Luokung Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Luokung Technology 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 Luokung Technology - 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 Luokung Technology Corp to buy it.
The correlation of Luokung Technology 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 Luokung Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Luokung Technology Corp 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 Luokung Technology 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.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Luokung Technology 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 USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Is Interactive Media & Services 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 Luokung Technology. If investors know Luokung 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 Luokung Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (652.40) | Revenue Per Share 4.604 | Quarterly Revenue Growth (0.87) | Return On Assets (0.44) | Return On Equity (4.47) |
The market value of Luokung Technology Corp is measured differently than its book value, which is the value of Luokung that is recorded on the company's balance sheet. Investors also form their own opinion of Luokung Technology's value that differs from its market value or its book value, called intrinsic value, which is Luokung Technology'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 Luokung Technology's market value can be influenced by many factors that don't directly affect Luokung Technology'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 Luokung Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Luokung Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Luokung Technology'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.