Stingray Historical Income Statement

RAY-A Stock

CAD 7.97 0.11 1.36%

Historical analysis of Stingray income statement accounts such as Other Operating Expenses of 163 M, Operating Income of 91.8 M, EBIT of 28.6 M or Research Development of 8.6 M can show how well Stingray Group performed in making a profits. Evaluating Stingray income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Stingray's future profits or losses.

Cash Flow Balance Sheet Income Statement

Yuan Drop

Covid

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

Net Income Gross Profit

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Stingray Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

About Stingray Income Statement Analysis

Stingray Group 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 Stingray shareholders. The income statement also shows Stingray 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).

Stingray Income Statement Chart

At this time, Stingray's Operating Income is comparatively stable compared to the past year. Total Other Income Expense Net is likely to gain to about 2.4 M in 2024, whereas Selling And Marketing Expenses is likely to drop slightly above 10.4 M in 2024.

Selling And Marketing Expenses Total Revenue Gross Profit Other Operating Expenses

Total Revenue

Total revenue comprises all receipts Stingray Group 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 Stingray Group minus its cost of goods sold. It is profit before Stingray 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 Stingray Group. It is also known as Stingray 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 Stingray's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Stingray Group 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Stingray Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

	2021	2022	2023	2024 (projected)
Gross Profit	87.2M	111.7M	118.6M	84.1M
Total Revenue	282.6M	323.9M	345.4M	203.4M

Gross Profit Total Revenue

Stingray income statement Correlations

	Depreciation And Amortization	Selling General Administrative	Selling And Marketing Expenses	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Research Development	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Interest Expense	Net Income From Continuing Ops	Tax Provision	Net Interest Income	Reconciled Depreciation
Depreciation And Amortization		-0.14	0.88	0.93	0.87	0.94	0.76	0.65	0.66	0.83	0.92	0.94	0.43	-0.59	0.3	0.48	0.72	0.13	0.68	-0.82	0.92
Selling General Administrative	-0.14		0.11	-0.25	0.03	-0.17	-0.41	-0.38	0.12	-0.33	-0.35	-0.26	-0.22	0.04	-0.01	-0.6	-0.53	-0.05	-0.47	0.46	-0.3
Selling And Marketing Expenses	0.88	0.11		0.86	0.9	0.88	0.6	0.46	0.88	0.65	0.82	0.84	0.26	-0.41	0.16	0.33	0.55	-0.04	0.58	-0.67	0.64
Total Revenue	0.93	-0.25	0.86		0.94	0.99	0.88	0.67	0.73	0.82	0.99	1.0	0.39	-0.47	0.2	0.6	0.84	0.04	0.77	-0.91	0.85
Gross Profit	0.87	0.03	0.9	0.94		0.96	0.83	0.56	0.82	0.72	0.9	0.92	0.29	-0.37	0.13	0.51	0.76	-0.05	0.7	-0.84	0.75
Other Operating Expenses	0.94	-0.17	0.88	0.99	0.96		0.86	0.63	0.77	0.79	0.98	0.99	0.35	-0.49	0.18	0.54	0.81	0.01	0.73	-0.88	0.84
Operating Income	0.76	-0.41	0.6	0.88	0.83	0.86		0.57	0.55	0.69	0.88	0.88	0.21	-0.31	-0.05	0.73	0.97	-0.17	0.82	-0.97	0.83
Ebit	0.65	-0.38	0.46	0.67	0.56	0.63	0.57		0.41	0.96	0.69	0.65	0.92	-0.11	0.75	0.74	0.63	0.66	0.76	-0.67	0.66
Research Development	0.66	0.12	0.88	0.73	0.82	0.77	0.55	0.41		0.54	0.68	0.7	0.22	-0.04	0.09	0.41	0.52	-0.1	0.62	-0.59	0.41
Ebitda	0.83	-0.33	0.65	0.82	0.72	0.79	0.69	0.96	0.54		0.83	0.81	0.82	-0.29	0.65	0.71	0.71	0.53	0.8	-0.78	0.81
Cost Of Revenue	0.92	-0.35	0.82	0.99	0.9	0.98	0.88	0.69	0.68	0.83		0.99	0.41	-0.49	0.22	0.62	0.84	0.07	0.77	-0.91	0.86
Total Operating Expenses	0.94	-0.26	0.84	1.0	0.92	0.99	0.88	0.65	0.7	0.81	0.99		0.37	-0.53	0.2	0.56	0.83	0.04	0.73	-0.9	0.87
Income Before Tax	0.43	-0.22	0.26	0.39	0.29	0.35	0.21	0.92	0.22	0.82	0.41	0.37		-0.04	0.94	0.5	0.27	0.89	0.49	-0.33	0.42
Total Other Income Expense Net	-0.59	0.04	-0.41	-0.47	-0.37	-0.49	-0.31	-0.11	-0.04	-0.29	-0.49	-0.53	-0.04		-0.13	0.2	-0.2	-0.06	0.05	0.29	-0.57
Net Income	0.3	-0.01	0.16	0.2	0.13	0.18	-0.05	0.75	0.09	0.65	0.22	0.2	0.94	-0.13		0.17	-0.03	0.98	0.17	-0.05	0.26
Income Tax Expense	0.48	-0.6	0.33	0.6	0.51	0.54	0.73	0.74	0.41	0.71	0.62	0.56	0.5	0.2	0.17		0.84	0.1	0.95	-0.81	0.56
Interest Expense	0.72	-0.53	0.55	0.84	0.76	0.81	0.97	0.63	0.52	0.71	0.84	0.83	0.27	-0.2	-0.03	0.84		-0.14	0.9	-0.99	0.79
Net Income From Continuing Ops	0.13	-0.05	-0.04	0.04	-0.05	0.01	-0.17	0.66	-0.1	0.53	0.07	0.04	0.89	-0.06	0.98	0.1	-0.14		0.05	0.08	0.13
Tax Provision	0.68	-0.47	0.58	0.77	0.7	0.73	0.82	0.76	0.62	0.8	0.77	0.73	0.49	0.05	0.17	0.95	0.9	0.05		-0.9	0.7
Net Interest Income	-0.82	0.46	-0.67	-0.91	-0.84	-0.88	-0.97	-0.67	-0.59	-0.78	-0.91	-0.9	-0.33	0.29	-0.05	-0.81	-0.99	0.08	-0.9		-0.85
Reconciled Depreciation	0.92	-0.3	0.64	0.85	0.75	0.84	0.83	0.66	0.41	0.81	0.86	0.87	0.42	-0.57	0.26	0.56	0.79	0.13	0.7	-0.85

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Stingray Account Relationship Matchups

Stingray income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	40.3M	38.7M	35.5M	33.0M	30.1M	27.2M
Selling General Administrative	19.5M	623K	2.5M	3.7M	(102K)	(96.9K)
Total Revenue	306.7M	249.5M	282.6M	323.9M	345.4M	203.4M
Gross Profit	116.3M	83.4M	87.2M	111.7M	118.6M	84.1M
Other Operating Expenses	250.2M	181.8M	228.0M	248.9M	256.9M	163.0M
Operating Income	76.0M	43.1M	51.7M	78.7M	87.4M	91.8M
Ebit	32.5M	78.1M	56.1M	61.7M	30.6M	28.6M
Research Development	7.2M	7.6M	11.1M	10.2M	11.7M	8.6M
Ebitda	72.8M	116.7M	91.6M	94.7M	60.8M	55.8M
Cost Of Revenue	190.4M	166.0M	195.4M	212.3M	226.8M	119.3M
Total Operating Expenses	250.2M	181.8M	228.0M	248.9M	256.9M	147.6M
Income Before Tax	15.7M	61.1M	42.3M	39.7M	2.3M	2.2M
Total Other Income Expense Net	(40.8M)	(13.2M)	(12.3M)	(31.2M)	2.3M	2.4M
Net Income	14.0M	45.1M	33.3M	30.1M	(13.7M)	(13.1M)
Income Tax Expense	1.7M	16.0M	9.0M	9.5M	16.0M	16.8M
Interest Expense	17.5M	17.8M	14.3M	22.8M	27.9M	29.3M
Net Income From Continuing Ops	14.0M	45.1M	33.3M	30.1M	(13.7M)	(13.1M)
Net Income Applicable To Common Shares	14.0M	45.1M	33.3M	30.1M	34.6M	18.9M
Tax Provision	1.7M	16.0M	9.0M	9.5M	16.0M	16.8M
Net Interest Income	(20.4M)	(21.0M)	(15.9M)	(24.5M)	(29.0M)	(27.6M)
Reconciled Depreciation	43.2M	38.7M	35.5M	33.0M	30.1M	36.9M

Pair Trading with Stingray

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

Moving together with Stingray Stock

0.72	JPM	JPMorgan Chase	Pair Corr
0.64	BOFA	Bank of America	Pair Corr

Moving against Stingray Stock

0.78	PFE	Pfizer Inc CDR	Pair Corr
0.38	MSFT	Microsoft Corp CDR	Pair Corr
0.31	IBM	International Business	Pair Corr

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

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

Additional Tools for Stingray Stock Analysis

When running Stingray's price analysis, check to measure Stingray's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Stingray is operating at the current time. Most of Stingray's value examination focuses on studying past and present price action to predict the probability of Stingray's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Stingray's price. Additionally, you may evaluate how the addition of Stingray to your portfolios can decrease your overall portfolio volatility.

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Stingray Historical Income Statement

About Stingray Income Statement Analysis

Stingray Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Stingray income statement Correlations

Stingray Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Stingray income statement Accounts

Pair Trading with Stingray

Moving together with Stingray Stock

Moving against Stingray Stock

Additional Tools for Stingray Stock Analysis

COMMON DESTINATIONS

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COMPANY

Total Operating Expenses	+ 1.0	Total Revenue
Other Operating Expenses	+ 0.99	Total Revenue
Cost Of Revenue	+ 0.99	Total Revenue
Total Operating Expenses	+ 0.99	Other Operating Expenses
Total Operating Expenses	+ 0.99	Cost Of Revenue
Cost Of Revenue	+ 0.98	Other Operating Expenses

Net Interest Income	- 0.99	Interest Expense
Net Interest Income	- 0.97	Operating Income
Net Interest Income	- 0.91	Cost Of Revenue
Net Interest Income	- 0.91	Total Revenue
Net Interest Income	- 0.9	Tax Provision
Net Interest Income	- 0.9	Total Operating Expenses