Complete financial analysis of Innovation Nation Inc. (AVRI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Innovation Nation Inc., a leading company in the Software – Application industry within the Technology sector.
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Innovation Nation Inc. (AVRI)
About Innovation Nation Inc.
Innovation Nation Inc. provides information technology and telecom engineering, technology, and consulting services for small, medium, and large enterprises worldwide. The company offers project management, program management, system integration, offshore development, network management and maintenance, site acquisition, telecom implementation, drive test RF planning, Web design services, Web development services, search engine optimization, open source integration and customization, and virtual employee services; and civil, mechanical, and electrical works. Its solutions include dynamic sim allocation, sponsored call, mobile network optimization and performance management, intelligent pricing/dynamic tariffing, fraud management, interconnect and retail billing, mediation, microwave, mobile switching center, digital multiplexers, operations maintenance center, digital cross connect, triple play billing, and broadband billing solutions. The company was formerly known as Averox, Inc. and changed its name to Innovation Nation Inc. in January 2022. Innovation Nation Inc. is based in Novi, Michigan.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4.41K | 0.00 | 0.00 | 0.00 | 0.00 | 875.38K | 826.30K | 3.61M | 1.63M | 0.00 | 0.00 |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 536.90K | 927.10K | 1.27M | 576.95K | 0.00 | 0.00 |
| Gross Profit | 4.41K | 0.00 | 0.00 | 0.00 | 0.00 | 338.48K | -100.80K | 2.35M | 1.05M | 0.00 | 0.00 |
| Gross Profit Ratio | 100.00% | 0.00% | 0.00% | 0.00% | 0.00% | 38.67% | -12.20% | 64.96% | 64.54% | 0.00% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 48.95K | 6.46K | 28.06K | 15.70K | 29.26K | 502.87K | 1.73M | 2.87M | 7.50K | 2.46K | 85.00 |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -284.70K | -2.02M | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 48.95K | 6.46K | 28.06K | 15.70K | 29.26K | -502.87K | 1.73M | 2.87M | 7.50K | 2.46K | 85.00 |
| Cost & Expenses | 48.95K | 6.46K | 28.06K | 15.70K | 29.26K | 34.03K | 2.65M | 4.13M | 7.50K | 2.46K | 85.00 |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 121.75K | 4.05K | 7.04K | 0.00 | 0.00 | 0.00 |
| Interest Expense | 600.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.34K | 4.14K | 10.36K | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 167.90K | 228.49K | 236.56K | 206.30K | 171.86K | 218.92K | 50.36K | 42.62K | 46.37K | 0.00 | 0.00 |
| EBITDA | -44.53K | -6.46K | -28.06K | -15.70K | -29.26K | 182.16K | -1.78M | -480.09K | -7.50K | -2.46K | -85.00 |
| EBITDA Ratio | -1,009.06% | 0.00% | 0.00% | 0.00% | 0.00% | 20.20% | -213.31% | -13.36% | -0.46% | 0.00% | 0.00% |
| Operating Income | -44.53K | -6.46K | -28.06K | -15.70K | -29.26K | -164.38K | -1.83M | -522.72K | -7.50K | -2.46K | -85.00 |
| Operating Income Ratio | -1,009.06% | 0.00% | 0.00% | 0.00% | 0.00% | -18.78% | -221.11% | -14.47% | -0.46% | 0.00% | 0.00% |
| Total Other Income/Expenses | -603.00 | 5.00 | 1.00 | 0.00 | 6.00 | 123.29K | -14.25K | -951.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax | -45.13K | -6.46K | -28.06K | -15.70K | -29.25K | -41.10K | -1.84M | -523.67K | 149.57K | 0.00 | 0.00 |
| Income Before Tax Ratio | -1,022.73% | 0.00% | 0.00% | 0.00% | 0.00% | -4.69% | -222.84% | -14.50% | 9.19% | 0.00% | 0.00% |
| Income Tax Expense | -167.90K | -228.49K | -236.56K | -206.30K | -171.86K | 5.38K | 102.63K | 117.41K | 7.50K | 2.46K | 85.00 |
| Net Income | -45.13K | -6.46K | -28.06K | -15.70K | -29.25K | -42.14K | -1.93M | -639.86K | -7.50K | -2.46K | -85.00 |
| Net Income Ratio | -1,022.73% | 0.00% | 0.00% | 0.00% | 0.00% | -4.81% | -233.66% | -17.72% | -0.46% | 0.00% | 0.00% |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.02 | -0.01 | 0.00 | 0.00 | 0.00 |
| EPS Diluted | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.02 | -0.01 | 0.00 | 0.00 | 0.00 |
| Weighted Avg Shares Out | 250.00M | 250.00M | 250.00M | 250.00M | 250.00M | 100.00M | 100.00M | 100.00M | 100.84M | 100.84M | 100.84M |
| Weighted Avg Shares Out (Dil) | 250.00M | 250.00M | 250.00M | 250.00M | 250.00M | 100.00M | 100.00M | 100.00M | 100.84M | 100.84M | 100.84M |
Source: https://incomestatements.info
Category: Stock Reports