Covalon Historical Income Statement

COV Stock

CAD 3.65 0.05 1.35%

Historical analysis of Covalon Technologies income statement accounts such as Other Operating Expenses of 37.6 M, Research Development of 982.7 K or Total Operating Expenses of 22.8 M can show how well Covalon Technologies performed in making a profits. Evaluating Covalon Technologies income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Covalon Technologies'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 Covalon Technologies 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 Covalon Technologies is a good buy for the upcoming year.

Net Income Gross Profit

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Covalon Technologies. 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 Covalon Income Statement Analysis

Covalon Technologies 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 Covalon Technologies shareholders. The income statement also shows Covalon 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).

Covalon Technologies Income Statement Chart

At this time, Covalon Technologies' Net Interest Income is fairly stable compared to the past year.

Other Operating Expenses Operating Income Research Development Total Operating Expenses Total Revenue

Other Operating Expenses

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

Operating Income

Operating Income is the amount of profit realized from Covalon Technologies operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Covalon Technologies is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

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.

Total Revenue

Total revenue comprises all receipts Covalon Technologies 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.

Most accounts from Covalon Technologies' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Covalon Technologies 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Covalon Technologies. 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, Covalon Technologies' Net Interest Income is fairly stable compared to the past year.

	2021	2022	2023	2024 (projected)
Other Operating Expenses	27.3M	31.1M	35.8M	37.6M
Depreciation And Amortization	1.0M	969.4K	1.1M	1.2M

Other Operating Expenses Depreciation And Amortization

Covalon Technologies income statement Correlations

	Depreciation And Amortization	Other Operating Expenses	Operating Income	Ebit	Research Development	Ebitda	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Interest Expense	Total Revenue	Gross Profit	Cost Of Revenue	Selling General Administrative	Selling And Marketing Expenses	Net Income From Continuing Ops	Net Interest Income	Reconciled Depreciation	Discontinued Operations
Depreciation And Amortization		0.78	-0.6	-0.6	0.65	-0.55	0.66	-0.58	-0.02	-0.23	-0.05	0.34	0.69	0.45	0.91	0.57	0.42	-0.7	0.26	0.9	0.01
Other Operating Expenses	0.78		-0.53	-0.53	0.83	-0.49	0.98	-0.53	-0.27	-0.31	0.09	0.58	0.97	0.87	0.94	0.87	0.86	-0.74	-0.3	0.74	-0.1
Operating Income	-0.6	-0.53		1.0	-0.25	1.0	-0.5	1.0	0.43	0.69	-0.31	-0.51	-0.3	-0.1	-0.54	-0.61	-0.4	0.88	-0.11	-0.65	0.32
Ebit	-0.6	-0.53	1.0		-0.26	1.0	-0.5	0.99	0.41	0.69	-0.31	-0.5	-0.3	-0.1	-0.54	-0.62	-0.4	0.88	-0.12	-0.64	0.32
Research Development	0.65	0.83	-0.25	-0.26		-0.22	0.82	-0.25	-0.04	-0.03	-0.11	0.26	0.86	0.82	0.77	0.71	0.77	-0.5	-0.25	0.57	0.08
Ebitda	-0.55	-0.49	1.0	1.0	-0.22		-0.47	0.99	0.42	0.71	-0.33	-0.49	-0.26	-0.07	-0.49	-0.6	-0.39	0.86	-0.11	-0.6	0.34
Total Operating Expenses	0.66	0.98	-0.5	-0.5	0.82	-0.47		-0.5	-0.27	-0.37	0.18	0.55	0.96	0.91	0.86	0.88	0.93	-0.7	-0.39	0.62	-0.19
Income Before Tax	-0.58	-0.53	1.0	0.99	-0.25	0.99	-0.5		0.5	0.67	-0.28	-0.56	-0.3	-0.11	-0.54	-0.63	-0.41	0.88	-0.05	-0.64	0.28
Total Other Income Expense Net	-0.02	-0.27	0.43	0.41	-0.04	0.42	-0.27	0.5		0.07	0.18	-0.88	-0.19	-0.13	-0.25	-0.47	-0.31	0.44	0.58	-0.24	-0.24
Net Income	-0.23	-0.31	0.69	0.69	-0.03	0.71	-0.37	0.67	0.07		-0.9	-0.11	-0.14	-0.09	-0.18	-0.36	-0.36	0.55	-0.11	-0.26	0.9
Income Tax Expense	-0.05	0.09	-0.31	-0.31	-0.11	-0.33	0.18	-0.28	0.18	-0.9		-0.17	0.01	0.06	-0.07	0.1	0.24	-0.19	0.09	-0.04	-1.0
Interest Expense	0.34	0.58	-0.51	-0.5	0.26	-0.49	0.55	-0.56	-0.88	-0.11	-0.17		0.51	0.4	0.59	0.7	0.49	-0.64	-0.5	0.52	0.21
Total Revenue	0.69	0.97	-0.3	-0.3	0.86	-0.26	0.96	-0.3	-0.19	-0.14	0.01	0.51		0.95	0.9	0.81	0.86	-0.57	-0.39	0.64	-0.02
Gross Profit	0.45	0.87	-0.1	-0.1	0.82	-0.07	0.91	-0.11	-0.13	-0.09	0.06	0.4	0.95		0.72	0.73	0.88	-0.39	-0.53	0.39	-0.06
Cost Of Revenue	0.91	0.94	-0.54	-0.54	0.77	-0.49	0.86	-0.54	-0.25	-0.18	-0.07	0.59	0.9	0.72		0.79	0.67	-0.74	-0.12	0.89	0.06
Selling General Administrative	0.57	0.87	-0.61	-0.62	0.71	-0.6	0.88	-0.63	-0.47	-0.36	0.1	0.7	0.81	0.73	0.79		0.87	-0.78	-0.43	0.69	-0.1
Selling And Marketing Expenses	0.42	0.86	-0.4	-0.4	0.77	-0.39	0.93	-0.41	-0.31	-0.36	0.24	0.49	0.86	0.88	0.67	0.87		-0.57	-0.56	0.46	-0.23
Net Income From Continuing Ops	-0.7	-0.74	0.88	0.88	-0.5	0.86	-0.7	0.88	0.44	0.55	-0.19	-0.64	-0.57	-0.39	-0.74	-0.78	-0.57		0.06	-0.76	0.2
Net Interest Income	0.26	-0.3	-0.11	-0.12	-0.25	-0.11	-0.39	-0.05	0.58	-0.11	0.09	-0.5	-0.39	-0.53	-0.12	-0.43	-0.56	0.06		0.06	-0.14
Reconciled Depreciation	0.9	0.74	-0.65	-0.64	0.57	-0.6	0.62	-0.64	-0.24	-0.26	-0.04	0.52	0.64	0.39	0.89	0.69	0.46	-0.76	0.06		0.02
Discontinued Operations	0.01	-0.1	0.32	0.32	0.08	0.34	-0.19	0.28	-0.24	0.9	-1.0	0.21	-0.02	-0.06	0.06	-0.1	-0.23	0.2	-0.14	0.02

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Covalon Technologies Account Relationship Matchups

Covalon Technologies income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	756.6K	700.5K	1.0M	969.4K	1.1M	1.2M
Other Operating Expenses	31.9M	18.7M	27.3M	31.1M	35.8M	37.6M
Operating Income	(6.1M)	838.3K	(9.1M)	(4.5M)	(4.1M)	(4.3M)
Ebit	(5.6M)	838.3K	(9.1M)	(4.5M)	(4.1M)	(4.3M)
Research Development	794.2K	1.1M	1.1M	1.4M	1.6M	982.7K
Ebitda	(4.9M)	1.5M	(8.1M)	(3.6M)	(3.2M)	(3.4M)
Total Operating Expenses	18.6M	8.9M	16.6M	18.9M	21.7M	22.8M
Income Before Tax	(7.0M)	419.0K	(9.3M)	(4.5M)	(4.0M)	(4.2M)
Total Other Income Expense Net	(860.2K)	(419.4K)	(111.6K)	67.5K	60.8K	63.8K
Net Income	(7.0M)	23.5M	(9.7M)	(4.5M)	(5.1M)	(4.9M)
Income Tax Expense	999.8K	(23.1M)	409.3K	801.5K	721.3K	757.4K
Interest Expense	889.1K	860.2K	419.4K	111.6K	128.3K	247.2K
Total Revenue	25.8M	19.6M	18.1M	26.6M	30.6M	32.1M
Gross Profit	12.5M	9.7M	7.5M	14.4M	16.5M	17.3M
Cost Of Revenue	13.3M	9.9M	10.7M	12.2M	14.1M	14.8M
Selling General Administrative	8.6M	4.8M	7.0M	7.4M	8.5M	5.3M
Selling And Marketing Expenses	7.8M	1.9M	6.5M	8.2M	9.4M	5.0M
Net Income From Continuing Ops	(7.0M)	419.0K	(9.3M)	(4.5M)	(4.0M)	(4.2M)
Net Income Applicable To Common Shares	(9.1M)	(7.0M)	23.5M	(9.7M)	(11.1M)	(10.6M)
Net Interest Income	(860.2K)	(419.4K)	(111.6K)	67.5K	77.6K	81.5K
Reconciled Depreciation	1.2M	700.5K	1.0M	969.4K	1.1M	811.5K

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Covalon Historical Income Statement

About Covalon Income Statement Analysis

Covalon Technologies Income Statement Chart

Other Operating Expenses

Operating Income

Total Operating Expenses

Total Revenue

Covalon Technologies income statement Correlations

Covalon Technologies Account Relationship Matchups

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Covalon Technologies income statement Accounts

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Ebit	+ 1.0	Operating Income
Ebitda	+ 1.0	Operating Income
Income Before Tax	+ 1.0	Operating Income
Ebitda	+ 1.0	Ebit
Income Before Tax	+ 0.99	Ebit
Income Before Tax	+ 0.99	Ebitda

Discontinued Operations	- 1.0	Income Tax Expense
Income Tax Expense	- 0.9	Net Income
Interest Expense	- 0.88	Total Other Income Expense Net
Net Income From Continuing Ops	- 0.78	Selling General Administrative
Reconciled Depreciation	- 0.76	Net Income From Continuing Ops
Net Income From Continuing Ops	- 0.74	Cost Of Revenue