Sernova Historical Income Statement
| SVA Stock | 0.23 0.01 4.17% |
Historical analysis of Sernova Corp income statement accounts such as Research Development of 39 M, Interest Expense of 28.4 K, Cost Of Revenue of 538 K or Total Other Income Expense Net of 1.8 M can show how well Sernova Corp performed in making a profits. Evaluating Sernova Corp income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Sernova Corp's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Sernova 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 Sernova Corp is a good buy for the upcoming year.
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About Sernova Income Statement Analysis
Sernova 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 Sernova Corp shareholders. The income statement also shows Sernova 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).
Sernova Corp 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 Sernova Corp. It is also known as Sernova Corp 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.Total Revenue
Total revenue comprises all receipts Sernova Corp 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.Cost Of Revenue
Cost of Revenue is found on Sernova Corp income statement and represents the costs associated with goods and services Sernova Corp 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 Sernova Corp's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Sernova 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Sernova 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 board of governors. At this time, Sernova Corp's Interest Income is very stable compared to the past year. As of the 29th of November 2024, Net Interest Income is likely to grow to about 1.8 M, while Depreciation And Amortization is likely to drop about 379.3 K.
| 2021 | 2022 | 2023 | 2024 (projected) | Other Operating Expenses | 24.8M | 41.1M | 47.3M | 49.7M | Depreciation And Amortization | 440.0K | 445.6K | 512.4K | 379.3K |
Sernova Corp income statement Correlations
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Sernova Corp Account Relationship Matchups
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Sernova Corp income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 225.2K | 267.2K | 440.0K | 445.6K | 512.4K | 379.3K | |
| Other Operating Expenses | 5.3M | 6.9M | 24.8M | 41.1M | 47.3M | 49.7M | |
| Operating Income | (5.2M) | (6.9M) | (24.2M) | (41.1M) | (37.0M) | (35.2M) | |
| Ebit | (5.2M) | (6.9M) | (24.2M) | (41.1M) | (37.0M) | (35.2M) | |
| Ebitda | (5.0M) | (6.6M) | (23.7M) | (40.7M) | (36.6M) | (34.8M) | |
| Total Operating Expenses | 5.3M | 6.9M | 24.8M | 40.7M | 46.8M | 49.1M | |
| Net Income | (5.4M) | (7.0M) | (24.5M) | (39.0M) | (35.1M) | (33.3M) | |
| Income Tax Expense | 86.3K | 58.4K | 118.0K | (629.0K) | (566.1K) | (537.8K) | |
| Gross Profit | (225.2K) | (267.2K) | (440.0K) | (445.6K) | (401.0K) | (380.9K) | |
| Research Development | 2.8M | 4.6M | 16.9M | 32.3M | 37.1M | 39.0M | |
| Interest Expense | 86.3K | 58.4K | 118.0K | 32.1K | 28.9K | 28.4K | |
| Cost Of Revenue | 225.2K | 267.2K | 440.0K | 445.6K | 512.4K | 538.0K | |
| Income Before Tax | (5.3M) | (7.0M) | (24.4M) | (39.6M) | (35.7M) | (33.9M) | |
| Total Other Income Expense Net | (100.4K) | (99.6K) | (244.1K) | 1.5M | 1.7M | 1.8M | |
| Selling General Administrative | 2.5M | 2.3M | 7.8M | 8.5M | 9.7M | 10.2M | |
| Interest Income | 18.3K | 19.2K | 333.2K | 1.5M | 1.7M | 1.8M | |
| Net Income Applicable To Common Shares | (4.0M) | (5.3M) | (7.0M) | (24.4M) | (22.0M) | (20.9M) | |
| Net Interest Income | (47.4K) | 12.2K | 459.3K | 1.5M | 1.7M | 1.8M | |
| Net Income From Continuing Ops | (5.3M) | (7.0M) | (24.4M) | (39.0M) | (35.1M) | (33.3M) | |
| Reconciled Depreciation | 225.2K | 267.2K | 440.0K | 445.6K | 512.4K | 316.7K |
Pair Trading with Sernova Corp
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 Sernova Corp 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 Sernova Corp will appreciate offsetting losses from the drop in the long position's value.Moving against Sernova Stock
The ability to find closely correlated positions to Sernova Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sernova Corp 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 Sernova Corp - 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 Sernova Corp to buy it.
The correlation of Sernova Corp 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 Sernova Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sernova 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 Sernova Corp 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.Other Information on Investing in Sernova Stock
Sernova 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 Sernova Corp shareholders. The income statement also shows Sernova 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).