TOP Historical Income Statement

TOPS Stock

USD 7.85 0.15 1.95%

Historical analysis of TOP Ships income statement accounts such as Other Operating Expenses of 65.2 M, Operating Income of 30.2 M, EBIT of 30.2 M or Ebitda of 45.2 M can show how well TOP Ships performed in making a profits. Evaluating TOP Ships income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of TOP Ships's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining TOP Ships 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 TOP Ships 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 TOP Ships. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

For more information on how to buy TOP Stock please use our How to Invest in TOP Ships guide.

About TOP Income Statement Analysis

TOP Ships 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 TOP Ships shareholders. The income statement also shows TOP 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).

TOP Ships Income Statement Chart

At this time, TOP Ships' Selling General Administrative is comparatively stable compared to the past year. Net Income From Continuing Ops is likely to gain to about 6.4 M in 2024, whereas Interest Expense is likely to drop slightly above 12.6 M in 2024.

Total Revenue Gross Profit Other Operating Expenses Cost Of Revenue Minority Interest

Total Revenue

Total revenue comprises all receipts TOP Ships 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.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of TOP Ships minus its cost of goods sold. It is profit before TOP Ships 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 TOP Ships. It is also known as TOP Ships 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.

Cost Of Revenue

Cost of Revenue is found on TOP Ships income statement and represents the costs associated with goods and services TOP Ships 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.

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 TOP Ships whose combined shares represent less than 50% of the total outstanding shares issued by TOP Ships have a minority interest in TOP Ships.

Most accounts from TOP Ships' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into TOP Ships 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 TOP Ships. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

For more information on how to buy TOP Stock please use our How to Invest in TOP Ships guide.At this time, TOP Ships' Selling General Administrative is comparatively stable compared to the past year. Net Income From Continuing Ops is likely to gain to about 6.4 M in 2024, whereas Interest Expense is likely to drop slightly above 12.6 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	7.0M	14.4M	23.0M	12.6M
Depreciation And Amortization	7.7M	13.3M	14.3M	12.6M

Interest Expense Depreciation And Amortization

TOP Ships income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Selling And Marketing Expenses	Net Income From Continuing Ops	Non Recurring	Interest Income	Net Interest Income	Reconciled Depreciation
Depreciation And Amortization		0.28	0.57	0.77	0.67	0.03	0.19	0.58	0.25	0.82	-0.14	-0.33	-0.71	0.73	0.8	-0.33	0.12	-0.2	-0.04	-0.3	0.32
Interest Expense	0.28		0.81	0.67	0.68	0.43	0.5	0.53	0.78	0.19	-0.09	-0.51	0.23	-0.29	0.03	-0.37	-0.27	-0.33	-0.64	-0.91	0.69
Total Revenue	0.57	0.81		0.91	0.9	0.5	0.73	0.84	0.9	0.42	0.2	-0.4	0.11	-0.06	0.23	-0.4	0.13	-0.46	-0.68	-0.83	0.89
Gross Profit	0.77	0.67	0.91		0.82	0.43	0.7	0.9	0.64	0.61	0.15	-0.43	-0.14	0.2	0.42	-0.37	0.28	-0.52	-0.35	-0.7	0.82
Other Operating Expenses	0.67	0.68	0.9	0.82		0.46	0.48	0.68	0.81	0.7	0.11	-0.3	-0.15	0.19	0.54	-0.48	-0.06	-0.53	-0.64	-0.8	0.66
Operating Income	0.03	0.43	0.5	0.43	0.46		0.48	0.42	0.48	0.18	0.76	0.32	0.39	-0.17	-0.05	-0.09	0.03	-0.53	-0.45	-0.64	0.58
Ebit	0.19	0.5	0.73	0.7	0.48	0.48		0.91	0.63	0.04	0.42	-0.31	0.5	-0.42	-0.21	-0.15	0.61	-0.56	-0.34	-0.54	0.86
Ebitda	0.58	0.53	0.84	0.9	0.68	0.42	0.91		0.62	0.39	0.29	-0.4	0.12	-0.04	0.17	-0.27	0.55	-0.57	-0.3	-0.58	0.85
Cost Of Revenue	0.25	0.78	0.9	0.64	0.81	0.48	0.63	0.62		0.15	0.21	-0.29	0.34	-0.32	-0.01	-0.37	-0.04	-0.31	-0.89	-0.8	0.78
Total Operating Expenses	0.82	0.19	0.42	0.61	0.7	0.18	0.04	0.39	0.15		-0.08	-0.15	-0.67	0.71	0.92	-0.36	-0.06	-0.53	0.01	-0.37	0.17
Income Before Tax	-0.14	-0.09	0.2	0.15	0.11	0.76	0.42	0.29	0.21	-0.08		0.69	0.46	-0.15	-0.26	0.08	0.46	-0.25	-0.23	-0.13	0.42
Total Other Income Expense Net	-0.33	-0.51	-0.4	-0.43	-0.3	0.32	-0.31	-0.4	-0.29	-0.15	0.69		0.14	0.11	-0.12	0.2	0.1	0.19	0.05	0.35	-0.29
Net Income	-0.71	0.23	0.11	-0.14	-0.15	0.39	0.5	0.12	0.34	-0.67	0.46	0.14		-0.94	-0.83	0.07	0.24	-0.19	-0.37	-0.22	0.38
Income Tax Expense	0.73	-0.29	-0.06	0.2	0.19	-0.17	-0.42	-0.04	-0.32	0.71	-0.15	0.11	-0.94		0.82	-0.04	-0.09	0.12	0.34	0.21	-0.29
Selling General Administrative	0.8	0.03	0.23	0.42	0.54	-0.05	-0.21	0.17	-0.01	0.92	-0.26	-0.12	-0.83	0.82		-0.3	-0.2	-0.22	0.11	-0.14	-0.09
Selling And Marketing Expenses	-0.33	-0.37	-0.4	-0.37	-0.48	-0.09	-0.15	-0.27	-0.37	-0.36	0.08	0.2	0.07	-0.04	-0.3		0.05	0.27	0.33	0.35	-0.29
Net Income From Continuing Ops	0.12	-0.27	0.13	0.28	-0.06	0.03	0.61	0.55	-0.04	-0.06	0.46	0.1	0.24	-0.09	-0.2	0.05		-0.26	0.2	0.23	0.37
Non Recurring	-0.2	-0.33	-0.46	-0.52	-0.53	-0.53	-0.56	-0.57	-0.31	-0.53	-0.25	0.19	-0.19	0.12	-0.22	0.27	-0.26		0.12	0.57	-0.48
Interest Income	-0.04	-0.64	-0.68	-0.35	-0.64	-0.45	-0.34	-0.3	-0.89	0.01	-0.23	0.05	-0.37	0.34	0.11	0.33	0.2	0.12		0.65	-0.52
Net Interest Income	-0.3	-0.91	-0.83	-0.7	-0.8	-0.64	-0.54	-0.58	-0.8	-0.37	-0.13	0.35	-0.22	0.21	-0.14	0.35	0.23	0.57	0.65		-0.73
Reconciled Depreciation	0.32	0.69	0.89	0.82	0.66	0.58	0.86	0.85	0.78	0.17	0.42	-0.29	0.38	-0.29	-0.09	-0.29	0.37	-0.48	-0.52	-0.73

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TOP Ships Account Relationship Matchups

TOP Ships income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	12.4M	13.2M	7.7M	13.3M	14.3M	12.6M
Interest Expense	17.8M	20.7M	7.0M	14.4M	23.0M	12.6M
Total Revenue	66.1M	60.2M	56.4M	80.7M	82.9M	68.5M
Gross Profit	28.7M	24.9M	20.5M	36.3M	48.5M	33.8M
Other Operating Expenses	49.8M	49.7M	40.4M	48.1M	54.2M	65.2M
Operating Income	16.9M	11.1M	1.1M	11.4M	28.7M	30.2M
Ebit	16.9M	(1.6M)	16.0M	39.2M	28.7M	30.2M
Ebitda	29.3M	11.7M	23.6M	52.5M	43.1M	45.2M
Cost Of Revenue	37.4M	35.4M	35.9M	44.4M	34.5M	34.7M
Total Operating Expenses	12.4M	14.3M	4.5M	3.7M	19.7M	30.5M
Income Before Tax	(14.8M)	(22.8M)	8.6M	18.9M	6.1M	6.4M
Total Other Income Expense Net	(31.6M)	(33.9M)	(6.2M)	(13.7M)	(22.7M)	(21.5M)
Net Income	(33.3M)	(44.3M)	16.5M	40.9M	6.1M	6.4M
Income Tax Expense	18.6M	21.4M	(7.9M)	(21.9M)	1.0	0.95
Selling General Administrative	12.4M	9.5M	1.9M	1.6M	8.9M	14.6M
Net Income Applicable To Common Shares	(31.0M)	(28.8M)	5.4M	(9.2M)	(8.3M)	(7.9M)
Net Income From Continuing Ops	(14.8M)	(22.8M)	8.6M	18.9M	6.1M	6.4M
Interest Income	130K	133K	34K	48K	346K	363.3K
Net Interest Income	(17.9M)	(20.9M)	(7.0M)	(14.3M)	(22.6M)	(21.5M)
Reconciled Depreciation	12.4M	13.2M	15.6M	21.9M	23.6M	15.6M

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TOP Historical Income Statement

About TOP Income Statement Analysis

TOP Ships Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Cost Of Revenue

Minority Interest

TOP Ships income statement Correlations

TOP Ships Account Relationship Matchups

High Positive Relationship

High Negative Relationship

TOP Ships income statement Accounts

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Selling General Administrative	+ 0.92	Total Operating Expenses
Gross Profit	+ 0.91	Total Revenue
Ebitda	+ 0.91	Ebit
Other Operating Expenses	+ 0.9	Total Revenue
Cost Of Revenue	+ 0.9	Total Revenue
Ebitda	+ 0.9	Gross Profit

Income Tax Expense	- 0.94	Net Income
Net Interest Income	- 0.91	Interest Expense
Interest Income	- 0.89	Cost Of Revenue
Selling General Administrative	- 0.83	Net Income
Net Interest Income	- 0.83	Total Revenue
Net Interest Income	- 0.8	Cost Of Revenue