Solitario Historical Income Statement

SLR Stock

CAD 0.87 0.05 6.10%

Historical analysis of Solitario Exploration income statement accounts such as Other Operating Expenses of 3.7 K, Total Operating Expenses of 3.7 K, Total Other Income Expense Net of 343 or Cost Of Revenue of 23.8 K can show how well Solitario Exploration Royalty performed in making a profits. Evaluating Solitario Exploration income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Solitario Exploration's future profits or losses.

Cash Flow Balance Sheet Income Statement

Dot-com Bubble

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Financial Statement Analysis is much more than just reviewing and examining Solitario Exploration 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 Solitario Exploration is a good buy for the upcoming year.

Net Income Gross Profit

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Solitario Exploration Royalty. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

About Solitario Income Statement Analysis

Solitario Exploration 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 Solitario Exploration shareholders. The income statement also shows Solitario 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).

Solitario Exploration Income Statement Chart

At this time, Solitario Exploration's Interest Expense is very stable compared to the past year. As of the 23rd of November 2024, Interest Income is likely to grow to about 344.4 K, while Depreciation And Amortization is likely to drop about 23.8 K.

Selling General Administrative Total Operating Expenses Cost Of Revenue Selling And Marketing Expenses

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 Solitario Exploration income statement and represents the costs associated with goods and services Solitario Exploration 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 Solitario Exploration's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Solitario Exploration 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Solitario Exploration Royalty. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

	2023	2024 (projected)
Discontinued Operations	11.1M	9.8M
Cost Of Revenue	25K	23.8K

Discontinued Operations Cost Of Revenue

Solitario Exploration income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Cost Of Revenue	Discontinued Operations	Net Income From Continuing Ops	Non Recurring	Minority Interest	Interest Income	Net Interest Income	Reconciled Depreciation	Selling And Marketing Expenses
Depreciation And Amortization		-0.11	-0.17	-0.47	0.16	-0.14	-0.06	-0.05	-0.01	-0.27	-0.24	-0.44	0.43	0.73	0.23	0.03	0.15	-0.23	-0.22	0.15	0.45	0.23
Interest Expense	-0.11		-0.41	-0.14	-0.3	0.29	0.23	0.23	-0.32	0.31	0.02	-0.07	0.15	-0.18	-0.65	-0.47	0.33	0.65	-0.63	0.17	0.4	-0.65
Selling General Administrative	-0.17	-0.41		-0.16	0.81	-0.8	-0.79	-0.79	0.74	-0.75	0.3	-0.15	-0.35	0.3	0.63	0.33	-0.45	-0.64	0.47	-0.53	-0.63	0.63
Gross Profit	-0.47	-0.14	-0.16		-0.18	0.09	0.07	0.07	0.18	0.24	0.33	0.49	-0.22	-0.55	-0.32	0.17	-0.38	0.33	0.29	-0.27	-0.35	-0.32
Other Operating Expenses	0.16	-0.3	0.81	-0.18		-0.99	-0.95	-0.95	0.93	-0.96	0.29	-0.39	-0.26	0.59	0.47	0.2	-0.26	-0.48	0.32	-0.3	-0.33	0.47
Operating Income	-0.14	0.29	-0.8	0.09	-0.99		0.97	0.97	-0.96	0.93	-0.39	0.33	0.29	-0.55	-0.47	-0.28	0.32	0.47	-0.34	0.41	0.39	-0.47
Ebit	-0.06	0.23	-0.79	0.07	-0.95	0.97		1.0	-0.93	0.83	-0.55	0.37	0.37	-0.46	-0.39	-0.37	0.29	0.4	-0.31	0.43	0.4	-0.39
Ebitda	-0.05	0.23	-0.79	0.07	-0.95	0.97	1.0		-0.93	0.83	-0.55	0.37	0.38	-0.45	-0.39	-0.37	0.3	0.4	-0.31	0.44	0.4	-0.39
Total Operating Expenses	-0.01	-0.32	0.74	0.18	0.93	-0.96	-0.93	-0.93		-0.86	0.43	-0.2	-0.32	0.38	0.35	0.27	-0.39	-0.35	0.39	-0.42	-0.44	0.35
Income Before Tax	-0.27	0.31	-0.75	0.24	-0.96	0.93	0.83	0.83	-0.86		-0.03	0.32	0.05	-0.69	-0.49	-0.01	0.3	0.5	-0.33	0.24	0.28	-0.49
Total Other Income Expense Net	-0.24	0.02	0.3	0.33	0.29	-0.39	-0.55	-0.55	0.43	-0.03		-0.11	-0.65	-0.2	0.01	0.73	-0.14	-0.01	0.1	-0.52	-0.36	0.01
Net Income	-0.44	-0.07	-0.15	0.49	-0.39	0.33	0.37	0.37	-0.2	0.32	-0.11		0.26	-0.62	-0.16	-0.12	-0.45	0.16	0.16	-0.24	-0.19	-0.16
Income Tax Expense	0.43	0.15	-0.35	-0.22	-0.26	0.29	0.37	0.38	-0.32	0.05	-0.65	0.26		0.21	-0.01	-0.48	-0.1	0.01	-0.29	0.1	0.4	-0.01
Cost Of Revenue	0.73	-0.18	0.3	-0.55	0.59	-0.55	-0.46	-0.45	0.38	-0.69	-0.2	-0.62	0.21		0.48	0.04	-0.02	-0.48	0.16	-0.04	-0.04	0.48
Discontinued Operations	0.23	-0.65	0.63	-0.32	0.47	-0.47	-0.39	-0.39	0.35	-0.49	0.01	-0.16	-0.01	0.48		0.5	-0.12	-0.8	0.29	-0.36	-0.39	1.0
Net Income From Continuing Ops	0.03	-0.47	0.33	0.17	0.2	-0.28	-0.37	-0.37	0.27	-0.01	0.73	-0.12	-0.48	0.04	0.5		-0.15	-0.49	0.25	-0.54	-0.48	0.5
Non Recurring	0.15	0.33	-0.45	-0.38	-0.26	0.32	0.29	0.3	-0.39	0.3	-0.14	-0.45	-0.1	-0.02	-0.12	-0.15		0.3	-0.7	0.75	0.68	-0.12
Minority Interest	-0.23	0.65	-0.64	0.33	-0.48	0.47	0.4	0.4	-0.35	0.5	-0.01	0.16	0.01	-0.48	-0.8	-0.49	0.3		-0.34	0.41	0.44	-0.8
Interest Income	-0.22	-0.63	0.47	0.29	0.32	-0.34	-0.31	-0.31	0.39	-0.33	0.1	0.16	-0.29	0.16	0.29	0.25	-0.7	-0.34		-0.43	-0.79	0.29
Net Interest Income	0.15	0.17	-0.53	-0.27	-0.3	0.41	0.43	0.44	-0.42	0.24	-0.52	-0.24	0.1	-0.04	-0.36	-0.54	0.75	0.41	-0.43		0.73	-0.36
Reconciled Depreciation	0.45	0.4	-0.63	-0.35	-0.33	0.39	0.4	0.4	-0.44	0.28	-0.36	-0.19	0.4	-0.04	-0.39	-0.48	0.68	0.44	-0.79	0.73		-0.39
Selling And Marketing Expenses	0.23	-0.65	0.63	-0.32	0.47	-0.47	-0.39	-0.39	0.35	-0.49	0.01	-0.16	-0.01	0.48	1.0	0.5	-0.12	-0.8	0.29	-0.36	-0.39

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Solitario Exploration Account Relationship Matchups

Solitario Exploration income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	25K	62K	63K	67K	69K	23.8K
Selling General Administrative	1.4M	1.0M	952K	1.4M	1.7K	1.6K
Gross Profit	(1.4M)	(438K)	(1.2M)	(2.3M)	(25K)	(26.3K)
Other Operating Expenses	3.2M	1.5M	2.2M	3.7M	3.9K	3.7K
Operating Income	(2.0M)	(1.8M)	(1.9M)	(3.3M)	(4.1K)	(4.3K)
Ebit	(2.0M)	(1.8M)	(1.9M)	(3.3M)	(29.1K)	(30.5K)
Ebitda	(2.0M)	(1.7M)	(1.8M)	(3.2M)	(4.1K)	(4.3K)
Total Operating Expenses	1.4M	1.0M	952K	1.4M	3.9K	3.7K
Income Before Tax	(3.3M)	(939K)	(2.4M)	(3.9M)	(3.8K)	(3.9K)
Total Other Income Expense Net	(1.2M)	855K	(503K)	(663K)	361.0	342.95
Net Income	(3.8M)	(500K)	(2.6M)	(4.6M)	(3.8K)	(3.9K)
Income Tax Expense	497K	(439K)	190K	663K	(167.9K)	(159.5K)
Cost Of Revenue	1.8M	438K	1.2M	2.3M	25K	23.8K
Net Income From Continuing Ops	(3.3M)	(939K)	(2.4M)	(3.9M)	(3.8M)	(3.9M)
Net Income Applicable To Common Shares	(3.3M)	(939K)	(2.4M)	(3.9M)	(3.5M)	(3.4M)
Interest Income	497K	127K	81K	131K	191K	344.4K
Net Interest Income	192K	252K	127K	131K	191K	162.7K
Reconciled Depreciation	62K	63K	67K	69K	66K	57.4K

Pair Trading with Solitario Exploration

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 Solitario Exploration 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 Solitario Exploration will appreciate offsetting losses from the drop in the long position's value.

Moving together with Solitario Stock

0.67

INFM

Infinico Metals Corp

Pair Corr

Moving against Solitario Stock

0.76	BOFA	Bank of America	Pair Corr
0.75	RY	Royal Bank	Pair Corr
0.69	RY-PS	Royal Bank	Pair Corr
0.68	RY-PM	Royal Bank	Pair Corr
0.65	RY-PJ	Royal Bank	Pair Corr

The ability to find closely correlated positions to Solitario Exploration could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Solitario Exploration 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 Solitario Exploration - 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 Solitario Exploration Royalty to buy it.

The correlation of Solitario Exploration 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 Solitario Exploration moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Solitario Exploration 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 Solitario Exploration 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.

Pair Correlation Correlation Matching

When determining whether Solitario Exploration is a strong investment it is important to analyze Solitario Exploration's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Solitario Exploration's future performance. For an informed investment choice regarding Solitario Stock, refer to the following important reports:

How To Invest In Solitario

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Is Solitario Stock a good investment?

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What is Solitario Exploration's Net Worth?

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Largest Diversified Metals & Mining Companies

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Largest Other Industrial Metals & Mining Companies

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You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

Please note, there is a significant difference between Solitario Exploration's value and its price as these two are different measures arrived at by different means. Investors typically determine if Solitario Exploration is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Solitario Exploration'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.

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Solitario Historical Income Statement

About Solitario Income Statement Analysis

Solitario Exploration Income Statement Chart

Total Operating Expenses

Cost Of Revenue

Solitario Exploration income statement Correlations

Solitario Exploration Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Solitario Exploration income statement Accounts

Pair Trading with Solitario Exploration

Moving together with Solitario Stock

Moving against Solitario Stock

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Ebitda	+ 1.0	Ebit
Selling And Marketing Expenses	+ 1.0	Discontinued Operations
Ebit	+ 0.97	Operating Income
Ebitda	+ 0.97	Operating Income
Total Operating Expenses	+ 0.93	Other Operating Expenses
Income Before Tax	+ 0.93	Operating Income

Operating Income	- 0.99	Other Operating Expenses
Total Operating Expenses	- 0.96	Operating Income
Income Before Tax	- 0.96	Other Operating Expenses
Ebitda	- 0.95	Other Operating Expenses
Ebit	- 0.95	Other Operating Expenses
Total Operating Expenses	- 0.93	Ebitda