X2M Historical Income Statement

X2M Stock

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Historical analysis of X2M Connect income statement accounts such as Tax Provision of 1.4 K, Interest Income of 117.2 K, Selling General Administrative of 4.4 M or Total Revenue of 9.2 M can show how well X2M Connect performed in making a profits. Evaluating X2M Connect income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of X2M Connect'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 X2M Connect 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 X2M Connect is a good buy for the upcoming year.

Net Income Gross Profit

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in X2M Connect. 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.

About X2M Income Statement Analysis

X2M Connect 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 X2M Connect shareholders. The income statement also shows X2M 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).

X2M Connect Income Statement Chart

At this time, X2M Connect's Tax Provision is comparatively stable compared to the past year. Gross Profit is likely to gain to about 310.9 K in 2024, whereas Total Revenue is likely to drop slightly above 9.2 M in 2024.

Selling General Administrative Total Revenue Cost Of Revenue Selling And Marketing Expenses

Total Revenue

Total revenue comprises all receipts X2M Connect 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 X2M Connect income statement and represents the costs associated with goods and services X2M Connect 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 X2M Connect's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into X2M Connect 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in X2M Connect. 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.

X2M Connect income statement Correlations

	Tax Provision	Interest Income	Selling General Administrative	Total Revenue	Gross Profit	Operating Income	Cost Of Revenue	Income Before Tax	Net Income	Depreciation And Amortization	Selling And Marketing Expenses	Other Operating Expenses	Ebit	Ebitda	Total Operating Expenses	Total Other Income Expense Net	Income Tax Expense	Net Interest Income	Net Income From Continuing Ops	Reconciled Depreciation
Tax Provision		0.16	0.36	-0.01	0.89	0.55	-0.41	0.44	0.38	-0.53	-1.0	-0.2	0.48	0.47	0.04	-0.23	0.96	-0.14	0.13	0.13
Interest Income	0.16		-0.37	-0.55	0.24	0.51	-0.64	0.68	0.68	-0.6	-0.18	-0.68	0.74	0.74	-0.6	0.6	0.33	0.31	-0.27	-0.29
Selling General Administrative	0.36	-0.37		0.81	0.52	-0.33	0.56	-0.62	-0.67	0.48	-0.33	0.75	-0.56	-0.56	0.76	-0.86	0.12	-0.6	0.62	0.58
Total Revenue	-0.01	-0.55	0.81		0.16	-0.39	0.9	-0.71	-0.74	0.81	0.03	0.94	-0.7	-0.67	0.74	-0.88	-0.26	-0.85	0.88	0.76
Gross Profit	0.89	0.24	0.52	0.16		0.27	-0.29	0.27	0.2	-0.41	-0.87	0.0	0.31	0.3	0.32	-0.24	0.84	-0.2	0.24	0.06
Operating Income	0.55	0.51	-0.33	-0.39	0.27		-0.49	0.81	0.79	-0.53	-0.61	-0.62	0.86	0.87	-0.75	0.17	0.64	-0.08	0.03	0.2
Cost Of Revenue	-0.41	-0.64	0.56	0.9	-0.29	-0.49		-0.81	-0.81	0.97	0.41	0.91	-0.81	-0.79	0.57	-0.75	-0.62	-0.74	0.75	0.71
Income Before Tax	0.44	0.68	-0.62	-0.71	0.27	0.81	-0.81		1.0	-0.86	-0.47	-0.88	0.99	0.98	-0.73	0.65	0.65	0.38	-0.37	-0.35
Net Income	0.38	0.68	-0.67	-0.74	0.2	0.79	-0.81	1.0		-0.85	-0.41	-0.89	0.98	0.98	-0.76	0.69	0.59	0.4	-0.39	-0.37
Depreciation And Amortization	-0.53	-0.6	0.48	0.81	-0.41	-0.53	0.97	-0.86	-0.85		0.53	0.88	-0.85	-0.82	0.5	-0.69	-0.73	-0.67	0.65	0.64
Selling And Marketing Expenses	-1.0	-0.18	-0.33	0.03	-0.87	-0.61	0.41	-0.47	-0.41	0.53		0.23	-0.52	-0.51	0.02	0.23	-0.97	0.15	-0.14	-0.16
Other Operating Expenses	-0.2	-0.68	0.75	0.94	0.0	-0.62	0.91	-0.88	-0.89	0.88	0.23		-0.88	-0.86	0.82	-0.83	-0.44	-0.72	0.73	0.58
Ebit	0.48	0.74	-0.56	-0.7	0.31	0.86	-0.81	0.99	0.98	-0.85	-0.52	-0.88		1.0	-0.76	0.6	0.68	0.33	-0.33	-0.28
Ebitda	0.47	0.74	-0.56	-0.67	0.3	0.87	-0.79	0.98	0.98	-0.82	-0.51	-0.86	1.0		-0.77	0.57	0.66	0.29	-0.29	-0.24
Total Operating Expenses	0.04	-0.6	0.76	0.74	0.32	-0.75	0.57	-0.73	-0.76	0.5	0.02	0.82	-0.76	-0.77		-0.59	-0.15	-0.35	0.41	0.16
Total Other Income Expense Net	-0.23	0.6	-0.86	-0.88	-0.24	0.17	-0.75	0.65	0.69	-0.69	0.23	-0.83	0.6	0.57	-0.59		0.03	0.82	-0.79	-0.83
Income Tax Expense	0.96	0.33	0.12	-0.26	0.84	0.64	-0.62	0.65	0.59	-0.73	-0.97	-0.44	0.68	0.66	-0.15	0.03		0.07	-0.07	-0.07
Net Interest Income	-0.14	0.31	-0.6	-0.85	-0.2	-0.08	-0.74	0.38	0.4	-0.67	0.15	-0.72	0.33	0.29	-0.35	0.82	0.07		-0.99	-0.89
Net Income From Continuing Ops	0.13	-0.27	0.62	0.88	0.24	0.03	0.75	-0.37	-0.39	0.65	-0.14	0.73	-0.33	-0.29	0.41	-0.79	-0.07	-0.99		0.86
Reconciled Depreciation	0.13	-0.29	0.58	0.76	0.06	0.2	0.71	-0.35	-0.37	0.64	-0.16	0.58	-0.28	-0.24	0.16	-0.83	-0.07	-0.89	0.86

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X2M Connect Account Relationship Matchups

X2M Connect income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Tax Provision	0.0	(344.3K)	14.8K	1.1K	1.3K	1.4K
Interest Income	55.9K	161.1K	1.1K	206.2K	185.6K	117.2K
Selling General Administrative	468.7K	1.1M	7.4M	6.0M	6.2M	4.4M
Total Revenue	2.3M	5.7M	10.4M	16.2M	13.4M	9.2M
Gross Profit	(890.4K)	(6.3M)	2.3M	3.8M	296.1K	310.9K
Operating Income	(2.5M)	(9.3M)	(10.1M)	(6.3M)	(2.3M)	(2.4M)
Cost Of Revenue	3.1M	12.0M	8.1M	12.4M	13.1M	9.1M
Income Before Tax	(2.5M)	(8.9M)	(10.2M)	(6.5M)	(6.5M)	(6.8M)
Net Income Applicable To Common Shares	(2.4M)	(8.3M)	(10.2M)	(6.5M)	(5.9M)	(6.2M)
Net Income	(2.4M)	(8.3M)	(10.2M)	(6.5M)	(6.5M)	(6.8M)

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X2M Historical Income Statement

About X2M Income Statement Analysis

X2M Connect Income Statement Chart

Total Revenue

Cost Of Revenue

X2M Connect income statement Correlations

X2M Connect Account Relationship Matchups

High Positive Relationship

High Negative Relationship

X2M Connect income statement Accounts

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Net Income	+ 1.0	Income Before Tax
Ebitda	+ 1.0	Ebit
Ebit	+ 0.99	Income Before Tax
Ebitda	+ 0.98	Income Before Tax
Ebit	+ 0.98	Net Income
Ebitda	+ 0.98	Net Income

Selling And Marketing Expenses	- 1.0	Tax Provision
Net Income From Continuing Ops	- 0.99	Net Interest Income
Income Tax Expense	- 0.97	Selling And Marketing Expenses
Reconciled Depreciation	- 0.89	Net Interest Income
Other Operating Expenses	- 0.89	Net Income
Ebit	- 0.88	Other Operating Expenses