Westaim Historical Income Statement

WED Stock  CAD 4.95  0.02  0.41%   
Historical analysis of Westaim Corp income statement accounts such as Depreciation And Amortization of 143.8 K, Total Revenue of 221.8 M, Gross Profit of 221.8 M or Other Operating Expenses of 43.1 M can show how well Westaim Corp performed in making a profits. Evaluating Westaim Corp income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Westaim Corp's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Westaim Corp 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 Westaim Corp is a good buy for the upcoming year.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westaim Corp. 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 Westaim Income Statement Analysis

Westaim Corp 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 Westaim Corp shareholders. The income statement also shows Westaim 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).

Westaim Corp Income Statement Chart

At this time, Westaim Corp's Net Income is fairly stable compared to the past year. Income Tax Expense is likely to climb to about 2.4 M in 2024, despite the fact that Total Other Income Expense Net is likely to grow to (1.4 M).

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Westaim Corp. It is also known as Westaim Corp 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.
Most accounts from Westaim Corp's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Westaim Corp 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 Westaim Corp. 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.
At this time, Westaim Corp's Net Income is fairly stable compared to the past year. Income Tax Expense is likely to climb to about 2.4 M in 2024, despite the fact that Total Other Income Expense Net is likely to grow to (1.4 M).

Westaim Corp income statement Correlations

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0.00.740.770.240.970.97-0.30.250.94-0.310.930.13-0.24-0.120.20.170.920.87-0.840.890.390.75
0.230.770.790.250.950.97-0.250.260.97-0.280.850.33-0.22-0.090.230.180.930.88-0.830.90.420.73
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0.260.690.70.110.950.940.97-0.190.12-0.10.870.29-0.24-0.110.10.050.970.9-0.860.90.390.77
0.09-0.2-0.2-0.2-0.27-0.31-0.28-0.02-0.14-0.1-0.14-0.02-0.32-0.36-0.1-0.1-0.11-0.20.03-0.36-0.36-0.02
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0.870.30.30.160.070.130.33-0.080.160.29-0.02-0.17-0.010.010.280.190.160.14-0.120.140.180.03
0.09-0.06-0.180.13-0.1-0.24-0.220.91-0.05-0.24-0.32-0.25-0.010.99-0.1-0.07-0.18-0.150.57-0.18-0.2-0.04
0.110.02-0.10.130.03-0.12-0.090.9-0.05-0.11-0.36-0.130.010.99-0.12-0.08-0.05-0.010.46-0.05-0.140.07
0.160.760.760.950.060.20.23-0.20.980.1-0.10.00.28-0.1-0.120.99-0.1-0.080.01-0.09-0.1-0.02
0.080.740.740.970.040.170.18-0.160.990.05-0.1-0.010.19-0.07-0.080.99-0.14-0.10.06-0.14-0.180.0
0.140.550.56-0.050.960.920.93-0.13-0.060.97-0.110.910.16-0.18-0.05-0.1-0.140.92-0.850.930.40.79
0.110.530.54-0.030.910.870.88-0.13-0.030.9-0.20.850.14-0.15-0.01-0.08-0.10.92-0.730.90.430.77
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0.140.50.52-0.060.910.890.9-0.17-0.060.9-0.360.840.14-0.18-0.05-0.09-0.140.930.9-0.830.530.7
0.190.10.14-0.190.360.390.42-0.21-0.170.39-0.360.30.18-0.2-0.14-0.1-0.180.40.43-0.390.53-0.14
0.00.540.530.10.810.750.73-0.010.080.77-0.020.770.03-0.040.07-0.020.00.790.77-0.670.7-0.14
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Westaim Corp Account Relationship Matchups

Westaim Corp income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization49K154K145K141K137K143.9K
Total Revenue16.9M(27.5M)31.7M25.7M211.3M221.8M
Gross Profit16.9M(27.5M)31.7M25.7M211.3M221.8M
Other Operating Expenses7.1M6.1M3.3M8.1M25.0M43.1M
Operating Income9.5M(34.3M)28.4M19.5M186.3M195.6M
Ebit9.5M(34.3M)28.4M19.5M186.3M195.6M
Ebitda9.5M(34.1M)28.6M19.6M186.4M195.7M
Total Operating Expenses7.1M6.1M3.3M8.1M25.0M31.9M
Income Before Tax9.5M(34.3M)28.4M17.6M186.3M195.6M
Total Other Income Expense Net(2.8M)(2.1M)2.1M(1.9M)(1.5M)(1.4M)
Net Income8.5M(34.4M)28.2M18.0M184.0M193.2M
Income Tax Expense938K115K221K(357K)2.3M2.4M
Interest Expense1.9M1.9M1.9M2.0M1.0M1.9M
Selling General Administrative2.0M2.0M1.9M2.4M2.4M2.3M
Net Income From Continuing Ops8.5M(34.4M)28.2M18.0M184.0M193.2M
Net Income Applicable To Common Shares8.5M(34.4M)28.2M18.0M20.7M21.7M
Net Interest Income171K(692K)(584K)(518K)2.7M2.9M
Interest Income2.1M1.2M1.4M1.4M3.8M3.9M
Reconciled Depreciation49K154K145K141K137K113.3K

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Additional Tools for Westaim Stock Analysis

When running Westaim Corp's price analysis, check to measure Westaim Corp'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 Westaim Corp is operating at the current time. Most of Westaim Corp's value examination focuses on studying past and present price action to predict the probability of Westaim Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Westaim Corp's price. Additionally, you may evaluate how the addition of Westaim Corp to your portfolios can decrease your overall portfolio volatility.