NeuroMetrix Historical Income Statement
| NURO Stock | USD 4.25 0.10 2.41% |
Historical analysis of NeuroMetrix income statement accounts such as Gross Profit of 3.8 M can show how well NeuroMetrix performed in making a profits. Evaluating NeuroMetrix income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of NeuroMetrix's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining NeuroMetrix 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 NeuroMetrix is a good buy for the upcoming year.
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About NeuroMetrix Income Statement Analysis
NeuroMetrix 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 NeuroMetrix shareholders. The income statement also shows NeuroMetrix 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).
NeuroMetrix Income Statement Chart
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Total Revenue
Total revenue comprises all receipts NeuroMetrix 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 NeuroMetrix minus its cost of goods sold. It is profit before NeuroMetrix 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 NeuroMetrix. It is also known as NeuroMetrix 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.Most accounts from NeuroMetrix's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into NeuroMetrix 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 NeuroMetrix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in NeuroMetrix Stock, please use our How to Invest in NeuroMetrix guide.At this time, NeuroMetrix's Other Operating Expenses is very stable compared to the past year. As of the 23rd of November 2024, Research Development is likely to grow to about 3 M, while Depreciation And Amortization is likely to drop about 52.9 K.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 5.9M | 5.8M | 3.9M | 3.8M | Total Revenue | 8.3M | 8.3M | 5.9M | 5.6M |
NeuroMetrix income statement Correlations
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NeuroMetrix Account Relationship Matchups
High Positive Relationship
High Negative Relationship
NeuroMetrix income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 124.0K | 90.0K | 76.4K | 49.4K | 55.7K | 52.9K | |
| Total Revenue | 9.3M | 7.4M | 8.3M | 8.3M | 5.9M | 5.6M | |
| Gross Profit | 2.2M | 5.2M | 5.9M | 5.8M | 3.9M | 3.8M | |
| Other Operating Expenses | 20.8M | 9.5M | 10.5M | 13.0M | 13.1M | 18.4M | |
| Operating Income | (11.5M) | (2.1M) | (2.3M) | (4.7M) | (7.2M) | (7.5M) | |
| Ebit | (11.5M) | (2.1M) | (2.3M) | (4.7M) | (7.2M) | (7.5M) | |
| Research Development | 3.1M | 2.4M | 2.6M | 3.2M | 2.8M | 3.0M | |
| Ebitda | (11.4M) | (2.0M) | (2.2M) | (4.7M) | (7.1M) | (7.5M) | |
| Cost Of Revenue | 7.0M | 2.1M | 2.3M | 2.5M | 2.0M | 1.9M | |
| Total Operating Expenses | 13.8M | 7.3M | 8.2M | 10.5M | 11.1M | 14.0M | |
| Net Income | (3.6M) | (2.0M) | (2.2M) | (4.4M) | (6.5M) | (6.9M) | |
| Income Tax Expense | (124.0K) | (90.0K) | (76.4K) | (49.4K) | (2.0) | (2.1) | |
| Selling General Administrative | 5.9M | 3.5M | 4.0M | 4.4M | 5.0M | 4.7M | |
| Selling And Marketing Expenses | 4.8M | 1.4M | 1.6M | 2.9M | 3.4M | 3.2M | |
| Income Before Tax | (3.8M) | (2.1M) | (2.3M) | (4.4M) | (6.5M) | (6.9M) | |
| Total Other Income Expense Net | 7.8M | 2.7K | 3.1K | 325.2K | 622.0K | 653.1K | |
| Net Income Applicable To Common Shares | (3.8M) | (2.1M) | (2.3M) | (4.4M) | (4.0M) | (4.2M) | |
| Net Income From Continuing Ops | (3.8M) | (2.1M) | (2.3M) | (4.4M) | (5.6M) | (5.9M) | |
| Reconciled Depreciation | 124.0K | 90.0K | 76.4K | 49.4K | 41.2K | 39.1K |
Pair Trading with NeuroMetrix
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 NeuroMetrix 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 NeuroMetrix will appreciate offsetting losses from the drop in the long position's value.Moving against NeuroMetrix Stock
The ability to find closely correlated positions to NeuroMetrix could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NeuroMetrix 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 NeuroMetrix - 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 NeuroMetrix to buy it.
The correlation of NeuroMetrix 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 NeuroMetrix moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NeuroMetrix 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 NeuroMetrix 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 NeuroMetrix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in NeuroMetrix Stock, please use our How to Invest in NeuroMetrix guide.You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Is Health Care Equipment & Supplies 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 NeuroMetrix. If investors know NeuroMetrix 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 NeuroMetrix listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (4.62) | Revenue Per Share 2.157 | Quarterly Revenue Growth (0.51) | Return On Assets (0.28) | Return On Equity (0.43) |
The market value of NeuroMetrix is measured differently than its book value, which is the value of NeuroMetrix that is recorded on the company's balance sheet. Investors also form their own opinion of NeuroMetrix's value that differs from its market value or its book value, called intrinsic value, which is NeuroMetrix'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 NeuroMetrix's market value can be influenced by many factors that don't directly affect NeuroMetrix'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 NeuroMetrix's value and its price as these two are different measures arrived at by different means. Investors typically determine if NeuroMetrix is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NeuroMetrix'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.