Thermal Historical Income Statement

TMG Stock

CAD 0.20 0.01 5.26%

Historical analysis of Thermal Energy income statement accounts such as Operating Income of 1.4 M, Ebit of 1.4 M, Research Development of 281.4 K or Ebitda of 2.1 M can show how well Thermal Energy International performed in making a profits. Evaluating Thermal Energy income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Thermal Energy'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 Thermal Energy Inter 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 Thermal Energy Inter 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 Thermal Energy International. 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 Thermal Income Statement Analysis

Thermal Energy Inter 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 Thermal Energy shareholders. The income statement also shows Thermal 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).

Thermal Energy Income Statement Chart

At this time, Thermal Energy's Total Operating Expenses is fairly stable compared to the past year. Income Before Tax is likely to climb to about 1 M in 2024, despite the fact that Income Tax Expense is likely to grow to (22.7 K).

Total Revenue Other Operating Expenses Research Development

Total Revenue

Total revenue comprises all receipts Thermal Energy Inter 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.

Other Operating Expenses

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

Most accounts from Thermal Energy's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Thermal Energy Inter 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 Thermal Energy International. 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.

	2021	2022	2023	2024 (projected)
Total Revenue	15.9M	21.1M	25.9M	27.2M
Depreciation And Amortization	697.0K	612.9K	704.9K	740.1K

Total Revenue Depreciation And Amortization

Thermal Energy income statement Correlations

	Depreciation And Amortization	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	Selling General Administrative	Selling And Marketing Expenses	Net Income From Continuing Ops	Minority Interest	Tax Provision	Net Interest Income	Interest Income	Reconciled Depreciation
Depreciation And Amortization		0.76	0.67	0.76	0.27	0.3	0.32	0.51	0.8	0.66	0.12	-0.27	0.13	-0.26	0.94	0.35	0.1	-0.07	-0.68	-0.44	-0.95	-0.08	0.97
Total Revenue	0.76		0.98	0.99	0.55	0.54	0.45	0.67	0.98	0.8	0.44	-0.17	0.48	-0.25	0.74	0.25	0.55	0.12	-0.66	-0.48	-0.77	0.19	0.71
Gross Profit	0.67	0.98		0.95	0.59	0.6	0.57	0.7	0.92	0.84	0.5	-0.13	0.53	-0.18	0.63	0.26	0.59	0.22	-0.55	-0.35	-0.67	0.29	0.61
Other Operating Expenses	0.76	0.99	0.95		0.47	0.44	0.4	0.58	0.98	0.75	0.35	-0.17	0.39	-0.29	0.74	0.22	0.57	0.01	-0.7	-0.49	-0.78	0.12	0.72
Operating Income	0.27	0.55	0.59	0.47		0.4	0.29	0.43	0.5	0.5	0.99	0.55	0.99	0.43	0.28	0.09	0.42	0.64	-0.1	-0.01	-0.26	0.28	0.25
Ebit	0.3	0.54	0.6	0.44	0.4		0.44	0.97	0.47	0.43	0.37	-0.45	0.41	-0.17	0.3	0.14	0.12	0.62	-0.12	-0.28	-0.31	0.21	0.22
Research Development	0.32	0.45	0.57	0.4	0.29	0.44		0.47	0.34	0.76	0.27	-0.03	0.29	-0.15	0.22	0.6	0.3	0.39	-0.01	0.09	-0.2	0.66	0.21
Ebitda	0.51	0.67	0.7	0.58	0.43	0.97	0.47		0.62	0.55	0.36	-0.47	0.4	-0.21	0.5	0.21	0.13	0.54	-0.27	-0.36	-0.5	0.17	0.43
Cost Of Revenue	0.8	0.98	0.92	0.98	0.5	0.47	0.34	0.62		0.73	0.38	-0.19	0.42	-0.29	0.8	0.24	0.5	0.04	-0.72	-0.56	-0.83	0.1	0.76
Total Operating Expenses	0.66	0.8	0.84	0.75	0.5	0.43	0.76	0.55	0.73		0.43	-0.01	0.43	-0.06	0.59	0.57	0.47	0.28	-0.39	-0.09	-0.56	0.63	0.56
Income Before Tax	0.12	0.44	0.5	0.35	0.99	0.37	0.27	0.36	0.38	0.43		0.61	0.99	0.5	0.13	0.07	0.4	0.69	0.02	0.09	-0.1	0.33	0.1
Total Other Income Expense Net	-0.27	-0.17	-0.13	-0.17	0.55	-0.45	-0.03	-0.47	-0.19	-0.01	0.61		0.57	0.66	-0.31	-0.05	0.25	0.29	0.3	0.5	0.33	0.21	-0.24
Net Income	0.13	0.48	0.53	0.39	0.99	0.41	0.29	0.4	0.42	0.43	0.99	0.57		0.41	0.15	0.06	0.4	0.69	-0.01	0.01	-0.13	0.32	0.11
Income Tax Expense	-0.26	-0.25	-0.18	-0.29	0.43	-0.17	-0.15	-0.21	-0.29	-0.06	0.5	0.66	0.41		-0.3	-0.09	0.16	0.37	0.42	0.76	0.34	0.12	-0.26
Interest Expense	0.94	0.74	0.63	0.74	0.28	0.3	0.22	0.5	0.8	0.59	0.13	-0.31	0.15	-0.3		0.3	0.16	-0.1	-0.7	-0.57	-0.99	-0.13	0.94
Selling General Administrative	0.35	0.25	0.26	0.22	0.09	0.14	0.6	0.21	0.24	0.57	0.07	-0.05	0.06	-0.09	0.3		0.06	0.17	0.04	0.09	-0.24	0.54	0.34
Selling And Marketing Expenses	0.1	0.55	0.59	0.57	0.42	0.12	0.3	0.13	0.5	0.47	0.4	0.25	0.4	0.16	0.16	0.06		0.11	-0.33	-0.01	-0.16	0.36	0.11
Net Income From Continuing Ops	-0.07	0.12	0.22	0.01	0.64	0.62	0.39	0.54	0.04	0.28	0.69	0.29	0.69	0.37	-0.1	0.17	0.11		0.35	0.24	0.16	0.46	-0.16
Minority Interest	-0.68	-0.66	-0.55	-0.7	-0.1	-0.12	-0.01	-0.27	-0.72	-0.39	0.02	0.3	-0.01	0.42	-0.7	0.04	-0.33	0.35		0.71	0.72	0.21	-0.71
Tax Provision	-0.44	-0.48	-0.35	-0.49	-0.01	-0.28	0.09	-0.36	-0.56	-0.09	0.09	0.5	0.01	0.76	-0.57	0.09	-0.01	0.24	0.71		0.59	0.27	-0.49
Net Interest Income	-0.95	-0.77	-0.67	-0.78	-0.26	-0.31	-0.2	-0.5	-0.83	-0.56	-0.1	0.33	-0.13	0.34	-0.99	-0.24	-0.16	0.16	0.72	0.59		0.21	-0.95
Interest Income	-0.08	0.19	0.29	0.12	0.28	0.21	0.66	0.17	0.1	0.63	0.33	0.21	0.32	0.12	-0.13	0.54	0.36	0.46	0.21	0.27	0.21		-0.21
Reconciled Depreciation	0.97	0.71	0.61	0.72	0.25	0.22	0.21	0.43	0.76	0.56	0.1	-0.24	0.11	-0.26	0.94	0.34	0.11	-0.16	-0.71	-0.49	-0.95	-0.21

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Thermal Energy Account Relationship Matchups

Thermal Energy income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	516.9K	559.4K	697.0K	612.9K	704.9K	740.1K
Total Revenue	21.4M	15.3M	15.9M	21.1M	25.9M	27.2M
Gross Profit	9.0M	6.8M	6.7M	9.6M	12.5M	13.1M
Other Operating Expenses	20.1M	15.0M	17.3M	19.9M	22.9M	24.1M
Operating Income	(1.8M)	335.5K	(1.4M)	1.1M	1.4M	1.4M
Ebit	1.3M	335.5K	(1.4M)	1.1M	1.3M	1.4M
Research Development	35.8K	86.0K	38.1K	101.4K	268.0K	281.4K
Ebitda	1.8M	894.9K	(716.5K)	1.8M	2.0M	2.1M
Cost Of Revenue	12.5M	8.6M	9.2M	11.5M	13.4M	14.1M
Total Operating Expenses	7.7M	6.4M	8.1M	8.4M	24.5M	25.7M
Income Before Tax	(2.2M)	18.8K	(1.7M)	693.9K	999.1K	1.0M
Total Other Income Expense Net	(3.1M)	(316.7K)	(335.9K)	(449.3K)	(404.4K)	(384.2K)
Net Income	(1.9M)	198.1K	(1.9M)	718.0K	929.5K	976.0K
Income Tax Expense	(303.6K)	(204.2K)	88.6K	(26.5K)	(23.9K)	(22.7K)
Interest Expense	420.2K	316.7K	335.9K	449.3K	416.8K	437.7K
Selling General Administrative	4.6M	4.0M	4.6M	4.7M	10.8M	5.6M
Selling And Marketing Expenses	3.2M	2.5M	3.6M	3.6M	4.1M	3.9M
Net Income From Continuing Ops	(1.9M)	223.0K	(1.8M)	720.4K	982.2K	1.0M
Net Income Applicable To Common Shares	(1.9M)	198.1K	(1.9M)	718.0K	646.2K	678.5K
Minority Interest	(96.3K)	(79.4K)	(82.9K)	(2.5K)	(52.7K)	(55.3K)
Tax Provision	(303.6K)	(204.2K)	88.6K	(26.5K)	17.0K	17.8K
Net Interest Income	(415.1K)	(316.7K)	(335.9K)	(449.3K)	(367.5K)	(385.9K)
Interest Income	32.2K	20.4K	5.1K	0.0	49.3K	51.8K
Reconciled Depreciation	516.9K	559.4K	697.0K	612.9K	723.0K	485.4K

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Thermal Historical Income Statement

About Thermal Income Statement Analysis

Thermal Energy Income Statement Chart

Total Revenue

Other Operating Expenses

Thermal Energy income statement Correlations

Thermal Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Thermal Energy income statement Accounts

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COMMON DESTINATIONS

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COMPANY

Other Operating Expenses	+ 0.99	Total Revenue
Income Before Tax	+ 0.99	Operating Income
Net Income	+ 0.99	Operating Income
Net Income	+ 0.99	Income Before Tax
Gross Profit	+ 0.98	Total Revenue
Cost Of Revenue	+ 0.98	Total Revenue

Net Interest Income	- 0.99	Interest Expense
Reconciled Depreciation	- 0.95	Net Interest Income
Net Interest Income	- 0.95	Depreciation And Amortization
Net Interest Income	- 0.83	Cost Of Revenue
Net Interest Income	- 0.78	Other Operating Expenses
Net Interest Income	- 0.77	Total Revenue