88E Historical Income Statement

88E Stock   0.09  0  2.78%   
Historical analysis of 88 Energy income statement accounts such as Interest Expense of 8.1 K, Total Revenue of 0.0 or Other Operating Expenses of 16.8 M can show how well 88 Energy performed in making a profits. Evaluating 88 Energy income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of 88 Energy's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining 88 Energy 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 88 Energy is a good buy for the upcoming year.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in 88 Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

About 88E Income Statement Analysis

88 Energy 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 88 Energy shareholders. The income statement also shows 88E 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).

88 Energy Income Statement Chart

At present, 88 Energy's Total Operating Expenses is projected to increase significantly based on the last few years of reporting. The current year's Total Other Income Expense Net is expected to grow to about 1.6 M, whereas Interest Expense is forecasted to decline to 8,117.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of 88 Energy. It is also known as 88 Energy 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.

Cost Of Revenue

Cost of Revenue is found on 88 Energy income statement and represents the costs associated with goods and services 88 Energy 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 88 Energy's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into 88 Energy 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in 88 Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
At present, 88 Energy's Total Operating Expenses is projected to increase significantly based on the last few years of reporting. The current year's Total Other Income Expense Net is expected to grow to about 1.6 M, whereas Interest Expense is forecasted to decline to 8,117.
 2023 2024 (projected)
Reconciled Depreciation66.8K41.3K
Interest Income500.9K526.0K

88 Energy income statement Correlations

-0.11-0.060.060.1-0.24-0.9-0.110.09-0.9-0.07-0.940.850.180.27-0.910.34-0.010.48-0.02
-0.110.0-0.64-0.36-0.3-0.09-0.43-0.360.03-0.370.11-0.25-0.640.150.07-0.8-0.380.320.29
-0.060.00.04-0.030.260.20.33-0.030.230.090.16-0.10.380.410.240.08-0.180.270.12
0.06-0.640.040.07-0.16-0.11-0.130.07-0.07-0.06-0.050.060.23-0.18-0.090.490.07-0.34-0.03
0.1-0.36-0.030.07-0.25-0.060.071.0-0.090.21-0.04-0.010.420.17-0.060.730.940.37-0.9
-0.24-0.30.26-0.16-0.250.610.93-0.250.40.640.190.070.31-0.360.370.02-0.27-0.50.29
-0.9-0.090.2-0.11-0.060.610.53-0.060.910.360.86-0.680.05-0.350.91-0.170.01-0.550.03
-0.11-0.430.33-0.130.070.930.530.080.340.710.130.110.47-0.270.320.30.04-0.32-0.01
0.09-0.36-0.030.071.0-0.25-0.060.08-0.090.21-0.04-0.010.420.17-0.050.730.940.36-0.9
-0.90.030.23-0.07-0.090.40.910.34-0.090.260.97-0.88-0.12-0.291.0-0.240.05-0.46-0.02
-0.07-0.370.09-0.060.210.640.360.710.210.260.040.050.260.040.240.430.25-0.05-0.23
-0.940.110.16-0.05-0.040.190.860.13-0.040.970.04-0.95-0.19-0.270.97-0.290.1-0.42-0.06
0.85-0.25-0.10.06-0.010.07-0.680.11-0.01-0.880.05-0.950.330.15-0.890.32-0.180.240.15
0.18-0.640.380.230.420.310.050.470.42-0.120.26-0.190.330.05-0.110.660.270.04-0.2
0.270.150.41-0.180.17-0.36-0.35-0.270.17-0.290.04-0.270.150.05-0.280.120.120.86-0.15
-0.910.070.24-0.09-0.060.370.910.32-0.051.00.240.97-0.89-0.11-0.28-0.240.07-0.43-0.03
0.34-0.80.080.490.730.02-0.170.30.73-0.240.43-0.290.320.660.12-0.240.70.15-0.64
-0.01-0.38-0.180.070.94-0.270.010.040.940.050.250.1-0.180.270.120.070.70.29-0.94
0.480.320.27-0.340.37-0.5-0.55-0.320.36-0.46-0.05-0.420.240.040.86-0.430.150.29-0.3
-0.020.290.12-0.03-0.90.290.03-0.01-0.9-0.02-0.23-0.060.15-0.2-0.15-0.03-0.64-0.94-0.3
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88 Energy Account Relationship Matchups

88 Energy income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization29.5M(4.5M)4.7M68.7M9.6M8.5M
Interest Expense3.1M2.6M1.2M8.6K8.5K8.1K
Total Revenue6.4K50.6K58.1K5.2K4.4M2.5K
Gross Profit35.9K(93.4K)(84.4K)(57.8K)(64.2K)(67.4K)
Other Operating Expenses3.4M3.5M5.9M5.9M16.0M16.8M
Operating Income(33.7M)(19.4M)(1.2M)(5.9M)(16.0M)(15.2M)
Ebit(63.2M)(19.4M)(1.2M)(70.8M)(16.5M)(17.4M)
Ebitda(33.7M)(24.0M)3.5M(2.1M)(7.0M)(7.3M)
Total Operating Expenses3.3M3.4M5.8M5.8M16.0M16.8M
Income Before Tax(36.8M)(22.0M)(2.4M)(70.7M)(14.4M)(15.2M)
Total Other Income Expense Net(33.5M)(2.6M)(1.2M)3.7M1.6M1.6M
Net Income(39.8M)(24.6M)(3.6M)(135.6M)(14.4M)(15.2M)
Income Tax Expense3.0M2.6M1.2M64.8M(543.2K)(516.0K)
Selling General Administrative1.2M1.4M3.0M2.8M2.7M2.4M
Cost Of Revenue58.1K93.4K84.4K60.3K64.2K48.1K
Net Income From Continuing Ops(36.8M)(22.0M)(2.4M)(70.7M)(14.4M)(15.2M)
Net Income Applicable To Common Shares(36.8M)(22.0M)(2.4M)(70.7M)(63.6M)(60.5M)
Net Interest Income(3.1M)(2.6M)(1.2M)10.7K492.4K517.0K
Interest Income20.5K5.2K1.4K19.3K500.9K526.0K

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Other Information on Investing in 88E Stock

88 Energy 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 88 Energy shareholders. The income statement also shows 88E 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).