See more : ON Semiconductor Corporation (ON) Income Statement Analysis – Financial Results
Complete financial analysis of Akanda Corp. (AKAN) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Akanda Corp., a leading company in the Drug Manufacturers – Specialty & Generic industry within the Healthcare sector.
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Akanda Corp. (AKAN)
Industry: Drug Manufacturers - Specialty & Generic
Sector: Healthcare
Website: https://www.akandacorp.com
About Akanda Corp.
Akanda Corp., through its subsidiaries, engages in the cultivation, manufacture, and distribution of cannabis products in the United Kingdom, Lesotho, and internationally. It intends to supply cannabis based medical and wellness products. The company was incorporated in 2021 and is headquartered in New Romney, the United Kingdom.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 2.16M | 2.62M | 41.43K | 2.06K | 0.00 |
| Cost of Revenue | 2.05M | 649.88K | 756.16K | 1.81K | 198.82K |
| Gross Profit | 111.45K | 1.97M | -714.73K | 253.00 | -198.82K |
| Gross Profit Ratio | 5.16% | 75.19% | -1,725.10% | 12.27% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 5.88M | 19.85M | 5.81M | 1.36M | 702.41K |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 5.88M | 19.85M | 5.81M | 1.36M | 702.41K |
| Other Expenses | 4.28M | 3.60M | 309.02K | 307.30K | 198.82K |
| Operating Expenses | 10.16M | 23.45M | 6.12M | 1.67M | 901.24K |
| Cost & Expenses | 12.21M | 22.80M | 6.88M | 1.67M | 901.24K |
| Interest Income | 39.00 | 886.00 | 26.75K | 10.19K | 401.00 |
| Interest Expense | 255.66K | 115.32K | 1.09M | 645.16K | 493.81K |
| Depreciation & Amortization | 4.28M | 3.60M | 309.02K | 248.74K | 198.82K |
| EBITDA | -27.74M | -4.52M | -2.15M | -1.41M | -702.01K |
| EBITDA Ratio | -1,284.03% | -626.47% | -15,683.67% | -68,212.22% | 0.00% |
| Operating Income | -10.05M | -20.18M | -6.83M | -1.67M | -901.24K |
| Operating Income Ratio | -465.33% | -770.18% | -16,494.24% | -80,787.34% | 0.00% |
| Total Other Income/Expenses | -22.22M | 11.94M | 96.45K | -634.87K | -493.41K |
| Income Before Tax | -32.28M | -8.24M | -8.13M | -2.30M | -1.39M |
| Income Before Tax Ratio | -1,494.18% | -314.37% | -19,625.88% | -111,569.88% | 0.00% |
| Income Tax Expense | 0.00 | -8.63M | 1.09M | 645.40K | 493.81K |
| Net Income | -32.28M | 397.05K | -9.22M | -2.95M | -1.89M |
| Net Income Ratio | -1,494.18% | 15.16% | -22,263.84% | -142,869.59% | 0.00% |
| EPS | -7.16 | 4.59 | -127.66 | -40.77 | -26.14 |
| EPS Diluted | -7.16 | 4.59 | -127.66 | -40.77 | -26.14 |
| Weighted Avg Shares Out | 4.51M | 86.59K | 72.26K | 72.26K | 72.26K |
| Weighted Avg Shares Out (Dil) | 4.51M | 86.59K | 72.26K | 72.26K | 72.26K |
Akanda Corp. Announces Reverse Stock Split
London, United Kingdom--(Newsfile Corp. - November 12, 2024) - Akanda Corp. (NASDAQ: AKAN) (the "Company" or "Akanda"), today announced that it expects to implement a 1-for-2 reverse stock split of the Company's common shares effective November 14, 2024. The reverse...
Akanda Corp. Announces Closing of Underwritten Public Offering
London, United Kingdom--(Newsfile Corp. - October 4, 2024) - Akanda Corp. (NASDAQ: AKAN) ("Akanda" or the "Company"), an international medical cannabis company, entered into an underwriting agreement (the "Underwriting Agreement") with Univest Securities, LLC ("Univest") as the underwriter in connection...
Akanda Corp. Announces Pricing of Underwritten Public Offering
London, United Kingdom--(Newsfile Corp. - October 2, 2024) - Akanda Corp. (NASDAQ: AKAN) ("Akanda" or the "Company"), an international medical cannabis company, today announced that it has entered into a firm commitment underwriting agreement with Univest Securities, LLC, as underwriter,...
Akanda Corp. Secures Hemp Cultivation License in Canada, Building on Previous Development Agreement
London, United Kingdom--(Newsfile Corp. - September 16, 2024) - Akanda Corp. (NASDAQ: AKAN) ("Akanda" or the "Company"), a global cannabis company, is excited to announce that it has obtained a license for hemp cultivation in Canada. This license is directly...
Why Is Akanda (AKAN) Stock Up 34% Today?
Akanda (NASDAQ: AKAN ) stock is on the rise Friday alongside heavy pre-market trading of the cannabis company's shares this morning. This has more than 6.8 million shares of AKAN stock changing hands as of this writing.
Akanda Has Regained Compliance with Nasdaq's Minimum Bid Price Requirement
London, United Kingdom--(Newsfile Corp. - June 14, 2024) - Akanda Corp. (NASDAQ: AKAN) ("Akanda" or the "Company"), an international medical cannabis company, announced that it has received a letter (the "Compliance Notice") from the Listing Qualifications Department of The Nasdaq...
Akanda Corporation Announces Completion of F-3 Shelf Registration Statement
London, United Kingdom--(Newsfile Corp. - June 14, 2024) - Akanda Corp. (NASDAQ: AKAN) ("Akanda" or the "Company"), an international medical cannabis company, today announced that it has successfully completed sales of its securities under its existing Form F-3 shelf registration....
Akanda Has Regained Compliance with Nasdaq's Minimum Bid Price Requirement
London, United Kingdom--(Newsfile Corp. - June 12, 2024) - Akanda Corp. (NASDAQ: AKAN) ("Akanda" or the "Company"), an international medical cannabis company, today announced that it has received a letter (the "Compliance Notice") from the Listing Qualifications Department of The...
Penny Stocks That Pack a Punch: 3 Names to Ride for 10X Gains
One of the many advantages of penny stocks is that you can easily create a customized portfolio. diversified across various sectors, geographies, and business types, allowing for the creation of a tailored portfolio that aligns closely with individual investment goals.
Why Is Akanda (AKAN) Stock Up 133% Today?
Akanda (NASDAQ: AKAN ) stock is rocketing higher on Friday alongside heavy pre-market trading of the cannabis company's shares. This has more than 6.3 million shares of AKAN stock changing hands as of this writing.
Source: https://incomestatements.info
Category: Stock Reports