See more : Wells Fargo & Company (WFC-PZ) Income Statement Analysis – Financial Results
Complete financial analysis of Zinc8 Energy Solutions Inc. (ZAIR.CN) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Zinc8 Energy Solutions Inc., a leading company in the Electrical Equipment & Parts industry within the Industrials sector.
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Zinc8 Energy Solutions Inc. (ZAIR.CN)
About Zinc8 Energy Solutions Inc.
Zinc8 Energy Solutions Inc. develops and commercializes zinc-air flow batteries. Its zinc-air technology is designed to deliver power in the range 20kW - 1MW and energy in the range of 160kWh to 8MWh. The company was formerly known as MGX Renewables Inc. and changed its name to Zinc8 Energy Solutions Inc. in September 2019. Zinc8 Energy Solutions Inc. was incorporated in 2011 and is headquartered in Vancouver, Canada.
| Metric | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| Revenue | 0.00 | 0.00 | 0.00 | 525.63K | 0.00 |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 525.63K | 0.00 |
| Gross Profit Ratio | 0.00% | 0.00% | 0.00% | 100.00% | 0.00% |
| Research & Development | 5.08M | 4.86M | 2.72M | 1.86M | 1.50M |
| General & Administrative | 4.03M | 6.10M | 2.46M | 2.05M | 759.68K |
| Selling & Marketing | 703.95K | 566.44K | 944.01K | 1.12M | 106.37K |
| SG&A | 4.73M | 6.66M | 3.40M | 3.17M | 866.04K |
| Other Expenses | 2.04M | 155.06K | 104.40K | 39.26K | 16.44K |
| Operating Expenses | 11.85M | 11.67M | 6.22M | 5.07M | 2.38M |
| Cost & Expenses | 11.85M | 11.67M | 6.22M | 5.07M | 2.38M |
| Interest Income | 97.03K | 117.18K | 163.81 | 601.89 | 0.00 |
| Interest Expense | 71.79K | 0.00 | 163.81K | 601.89K | 210.59K |
| Depreciation & Amortization | 866.87K | 465.61K | 104.40K | 39.26K | 16.44K |
| EBITDA | -10.86M | -11.14M | -5.01M | -4.51M | -2.37M |
| EBITDA Ratio | 0.00% | 0.00% | 0.00% | -857.20% | 0.00% |
| Operating Income | -11.73M | -6.96M | -6.22M | -4.54M | -2.38M |
| Operating Income Ratio | 0.00% | 0.00% | 0.00% | -864.67% | 0.00% |
| Total Other Income/Expenses | -229.33K | -4.66M | 4.04M | -243.68K | -210.59K |
| Income Before Tax | -11.94M | -16.27M | -2.04M | -5.15M | -2.60M |
| Income Before Tax Ratio | 0.00% | 0.00% | 0.00% | -979.18% | 0.00% |
| Income Tax Expense | 139.72K | 4.60M | 163.81K | 601.89K | 0.00 |
| Net Income | -12.08M | -20.87M | -2.21M | -5.75M | -2.60M |
| Net Income Ratio | 0.00% | 0.00% | 0.00% | -1,093.69% | 0.00% |
| EPS | -0.08 | -0.14 | -0.03 | -0.15 | -0.07 |
| EPS Diluted | -0.08 | -0.14 | -0.03 | -0.15 | -0.07 |
| Weighted Avg Shares Out | 156.38M | 145.22M | 80.42M | 37.11M | 38.79M |
| Weighted Avg Shares Out (Dil) | 156.38M | 145.22M | 80.42M | 37.11M | 38.79M |
Source: https://incomestatements.info
Category: Stock Reports
What are the key financial metrics for Zinc8 Energy Solutions?
As at December 31, 2022, the Company had working capital of $4,435,916 (December 31, 2021 – $9,909,820), has not generated any revenue from operations and has an accumulated deficit of $46,033,203 (December 31, 2021 – $34,095,870).