See more : Spar Nord Bank A/S (SPNO.CO) Income Statement Analysis – Financial Results
Complete financial analysis of Correlate Infrastructure Partners Inc. (CIPI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Correlate Infrastructure Partners Inc., a leading company in the Engineering & Construction industry within the Industrials sector.
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Correlate Infrastructure Partners Inc. (CIPI)
About Correlate Infrastructure Partners Inc.
Correlate Infrastructure Partners Inc. provides proprietary clean energy assessment and deployment solutions to commercial and industrial building and property owners in the United States. It also offers consulting services on acquisitions and project development tools in the commercial solar industry. The company is headquartered in Shreveport, Louisiana.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 7.56M | 3.40M | 98.45K | 170.72K | 892.27K | 1.14M | 1.14M | 1.28M | 3.82M | 16.08M | 30.21M | 21.71M | 6.87K | 64.71K | 51.73K | 286.61K | 300.27K | 906.36K | 1.12M | 1.06M | 439.61K | 205.71K | 221.40K |
| Cost of Revenue | 6.18M | 3.20M | 88.75K | 235.98K | 975.59K | 1.19M | 1.49M | 940.59K | 2.81M | 15.08M | 27.29M | 20.75M | 4.74K | 40.82K | 67.67K | 236.98K | 297.34K | 349.61K | 105.53K | 537.93K | 206.58K | 163.91K | 285.50K |
| Gross Profit | 1.38M | 207.68K | 9.70K | -65.26K | -83.31K | -53.27K | -353.50K | 337.93K | 1.00M | 1.00M | 2.92M | 952.66K | 2.13K | 23.90K | -15.95K | 49.63K | 2.93K | 556.76K | 1.01M | 525.83K | 233.03K | 41.80K | -64.10K |
| Gross Profit Ratio | 18.27% | 6.10% | 9.85% | -38.23% | -9.34% | -4.69% | -31.10% | 26.43% | 26.28% | 6.23% | 9.67% | 4.39% | 31.02% | 36.93% | -30.83% | 17.32% | 0.98% | 61.43% | 90.56% | 49.43% | 53.01% | 20.32% | -28.95% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 4.82M | 5.68M | 77.29K | 56.18K | 1.07M | 832.32K | 438.08K | 457.90K | 658.32K | 925.96K | 6.30M | 3.63M | 324.89K | 0.00 | 0.00 | 0.00 | 735.40K | 1.39M | 696.36K | 368.26K | 616.09K | 834.82K | 0.00 |
| Selling & Marketing | 2.53M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 7.35M | 5.68M | 77.29K | 56.18K | 1.07M | 832.32K | 438.08K | 457.90K | 658.32K | 925.96K | 6.30M | 3.63M | 324.89K | 139.08K | 373.65K | 367.62K | 735.40K | 1.39M | 696.36K | 368.26K | 616.09K | 834.82K | 1.05M |
| Other Expenses | 250.56K | 68.08K | 69.64K | 60.00K | 1.30M | 931.43K | 881.17K | 652.93K | 2.09M | 2.71M | 2.83M | 1.73M | 16.15K | 12.35K | 6.38K | -1.07M | 49.17K | 145.09K | 766.52K | 980.01K | 855.59K | 1.47M | 61.70K |
| Operating Expenses | 7.60M | 5.75M | 77.29K | 116.18K | 1.07M | 832.32K | 438.08K | 1.11M | 2.74M | 3.64M | 9.13M | 5.36M | 341.04K | 151.43K | 380.04K | -698.65K | 784.57K | 1.54M | 1.46M | 1.35M | 1.47M | 2.31M | 1.12M |
| Cost & Expenses | 13.78M | 8.94M | 166.04K | 116.18K | 2.05M | 2.02M | 1.93M | 2.05M | 5.56M | 18.72M | 36.42M | 26.11M | 345.78K | 192.25K | 447.71K | -461.67K | 1.08M | 1.89M | 1.57M | 1.89M | 1.68M | 2.47M | 1.40M |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -21.36K | 72.19K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 935.00 | 7.60K |
| Interest Expense | 9.68M | 1.22M | 15.00K | 0.00 | 904.98K | 439.31K | 871.26K | 1.11M | 1.26M | 1.82M | 1.84M | 944.16K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.35K | 9.51K | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 250.56K | 68.08K | 75.25K | 184.39K | 419.44K | 574.87K | 632.81K | 652.93K | 2.09M | 2.71M | 2.83M | 1.73M | 59.00 | 12.02K | 8.03K | 25.96K | 52.60K | 125.49K | 69.98K | 183.40K | 168.28K | 172.11K | 61.70K |
| EBITDA | -5.97M | -5.65M | -75.25K | 0.00 | 0.00 | 127.88K | 118.40K | -17.04K | -2.68M | -726.07K | -3.99M | -3.49M | -338.85K | -115.19K | -387.91K | 787.77K | -726.22K | -973.82K | -344.44K | -639.04K | -1.07M | -2.09M | -1.12M |
| EBITDA Ratio | -78.89% | -171.56% | -68.67% | -68.05% | -82.34% | -27.36% | -13.97% | -9.38% | 9.03% | 0.47% | -11.17% | -13.11% | -2,803.99% | -331.17% | -753.20% | 296.52% | -244.88% | -76.05% | 28.28% | 14.81% | -87.14% | -385.51% | -504.87% |
| Operating Income | -6.22M | -5.54M | -75.25K | -116.18K | -3.84M | -885.59K | -1.04M | -772.89K | -7.68M | -2.64M | -6.21M | -4.83M | -338.90K | -127.54K | -395.98K | 748.27K | -781.64K | -1.13M | -450.34K | -822.44K | -1.24M | -2.26M | -1.18M |
| Operating Income Ratio | -82.20% | -162.74% | -76.44% | -68.05% | -429.85% | -77.99% | -91.49% | -60.45% | -201.30% | -16.40% | -20.55% | -22.27% | -4,930.95% | -197.08% | -765.54% | 261.08% | -260.31% | -124.55% | -40.28% | -77.32% | -281.76% | -1,100.98% | -532.74% |
| Total Other Income/Expenses | -6.57M | -1.45M | -15.00K | 0.00 | -319.17K | -709.00 | -345.74K | -1.01M | 1.66M | -2.63M | 443.05K | -1.33M | -146.13K | 99.13K | 72.00K | -62.09K | 6.25K | -9.96K | -3.35K | -9.51K | -628.40K | -494.31K | 7.60K |
| Income Before Tax | -12.79M | -7.16M | -90.25K | -106.18K | -4.15M | -886.30K | -1.39M | -1.78M | -6.03M | -5.26M | -5.76M | -6.17M | -485.03K | -28.41K | -323.98K | 686.19K | -775.39K | -1.13M | -453.69K | -831.96K | -1.24M | -2.26M | -1.17M |
| Income Before Tax Ratio | -169.09% | -210.45% | -91.67% | -62.20% | -465.62% | -78.05% | -121.90% | -139.43% | -157.91% | -32.72% | -19.08% | -28.42% | -7,057.05% | -43.90% | -626.34% | 239.42% | -258.23% | -124.55% | -40.58% | -78.21% | -281.76% | -1,100.52% | -529.30% |
| Income Tax Expense | 0.00 | 1.25M | 7.35K | -184.39K | 904.98K | 438.60K | -1.39M | 4.92K | 1.30K | 23.54K | 72.21K | 40.40K | 146.13K | -98.80K | -71.96K | 75.62K | -6.25K | 166.86K | 3.35K | 9.51K | 9.06K | -935.00 | -7.61K |
| Net Income | -12.79M | -8.41M | -97.60K | -106.18K | -5.06M | -886.30K | -1.39M | -1.79M | -6.03M | -5.29M | -8.74M | -6.05M | -485.03K | -28.41K | -323.98K | 686.19K | -775.39K | -1.13M | -453.69K | -831.96K | -1.25M | -2.26M | -1.17M |
| Net Income Ratio | -169.09% | -247.08% | -99.14% | -62.20% | -567.05% | -78.05% | -121.90% | -139.81% | -157.95% | -32.87% | -28.92% | -27.88% | -7,057.05% | -43.90% | -626.34% | 239.42% | -258.23% | -124.55% | -40.58% | -78.21% | -283.82% | -1,100.52% | -529.30% |
| EPS | -0.36 | -0.24 | 0.00 | 0.00 | -0.35 | -0.06 | -0.11 | -0.15 | -0.68 | -0.92 | -1.66 | -1.83 | -0.37 | -0.03 | -0.32 | 0.68 | -0.78 | -1.19 | -0.53 | -1.08 | -1.62 | -3.72 | -2.65 |
| EPS Diluted | -0.36 | -0.24 | 0.00 | 0.00 | -0.35 | -0.06 | -0.11 | -0.15 | -0.68 | -0.92 | -1.66 | -1.83 | -0.37 | -0.03 | -0.32 | 0.68 | -0.78 | -1.19 | -0.53 | -1.08 | -1.62 | -3.72 | -2.65 |
| Weighted Avg Shares Out | 36.01M | 34.96M | 49.70M | 87.10M | 14.30M | 14.24M | 12.53M | 11.79M | 8.86M | 5.75M | 5.25M | 3.31M | 1.30M | 1.01M | 1.01M | 1.01M | 988.44K | 951.69K | 863.48K | 769.31K | 769.31K | 608.54K | 443.00K |
| Weighted Avg Shares Out (Dil) | 36.01M | 34.96M | 49.70M | 87.10M | 14.30M | 14.24M | 12.53M | 11.79M | 8.86M | 5.75M | 5.25M | 3.31M | 1.30M | 1.01M | 1.01M | 1.01M | 988.44K | 951.69K | 863.48K | 769.31K | 769.31K | 608.54K | 443.00K |
Correlate Energy Converts Nearly $8 Million of Debt into Preferred Equity, Strengthening Financial Position and Converting Most of Its Debt into Equity
BOISE, Idaho, July 25, 2024 (GLOBE NEWSWIRE) -- Correlate Energy Corp. ( OTC: CIPI ), a leading provider of comprehensive decarbonization solutions, announced that on June 14, 2024, the Company finalized agreements with its debtholders to convert over $7 million...
Correlate Energy Enters Landmark Partnership for an Estimated $400M Project to Launch Nation's First Microgrid Utility
BOISE, Idaho, June 11, 2024 (GLOBE NEWSWIRE) -- Correlate Energy Corp. (OTCQB: CIPI) (“Correlate” or the “Company”), in collaboration with Compass Energy Platform and Distributed Energy Capital (DEC), is proud to announce its role in developing the nation's first microgrid...
Correlate Energy Partners with Energetic Capital To Unlock a Large Untapped Market
BOISE, Idaho, May 15, 2024 (GLOBE NEWSWIRE) -- Correlate Energy Corp. (OTCQB: CIPI) (“Correlate” or the “Company”) announces a shared projects pipeline initiative with Energetic Capital aimed at delivering renewable and distributed energy resources into underserved communities. Correlate Energy and...
Sun Seems to Be Shining on Solar as Costs Continue to Decline - Wins for Correlate Energy in 2023, and Its Plans for 2024
SHREVEPORT, LA / ACCESSWIRE / March 26, 2024 / The sun may be starting to shine on solar energy as consumers and businesses look for cheaper and cleaner power sources. The sector is expected to continue to grow as the...
The Microgrid Market Is Expected to Grow 19% Annually Until 2027 - How Correlate Energy Is Helping Corporate Adoption and Success In The Field
SHREVEPORT, LA / ACCESSWIRE / March 19, 2024 / At this point in the 21st century, the benefits of clean energy are no longer contested. Renewable energy technology has grown dramatically in the last decade, and innovations like microgrids have...
One Of Illinois's Largest Rooftop Solar Power Facilities Operational Thanks To Correlate Energy
SHREVEPORT, LA / ACCESSWIRE / February 22, 2024 / Continental Envelope is going green, and it has Correlate Energy Corp. (OTCQB:CIPI) to thank. One of the nation's oldest envelope manufacturers, churning out two billion envelopes per year, tapped Correlate to...
Correlate and Carbonsight Partner, Unleashing Data-Driven Decarbonization and Sustainable Energy Solutions
BOISE, Idaho, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Correlate Energy Corp. (OTCQB: CIPI) (“Correlate” or the “Company”), a growth-oriented distributed energy company, proudly announces a strategic partnership with Carbonsight (by Autocase), an online decarbonization planning tool for real estate portfolios.
Correlate Energy Corp. Appoints Johan Themaat as CFO and Welcomes Two Additional Independent Board Members
BOISE, Idaho, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Correlate Energy Corp. (OTCQB: CIPI) (“Correlate” or the “Company”), a growth-oriented distributed energy company, proudly announces the appointment of Johan Themaat to CFO of Correlate Energy Corp, effective immediately. His extensive financial...
Correlate Energy Corp. Breaks Ground on Its Largest Corporate Campus Project to Date in Reading, Pennsylvania
BOISE, Idaho, Dec. 13, 2023 (GLOBE NEWSWIRE) -- Correlate Energy Corp. (OTCQB: CIPI) (“Correlate” or the “Company”), a growth-oriented distributed energy company, is excited to announce that construction has begun on its solar project in Reading, Pennsylvania. The project originally...
Correlate Energy showcases solar project in North Carolina
Correlate Energy Corp. (OTCQB:CIPI) has announced the successful commissioning of a solar project at the Huntersville, North Carolina headquarters of American Tire Distributors (ATD). The company said ATD, which operates over 120 distribution centers serving approximately 80,000 customers nationwide, partnered...
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