See more : Kardex Holding AG (0QOL.L) Income Statement Analysis – Financial Results
Complete financial analysis of NEXE Innovations Inc. (NEXNF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of NEXE Innovations Inc., a leading company in the Packaging & Containers industry within the Consumer Cyclical sector.
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NEXE Innovations Inc. (NEXNF)
About NEXE Innovations Inc.
NEXE Innovations Inc. designs, develops, manufactures, and sells plant-based single-serve coffee pods for use in single-serve coffee machines. The company was founded in 2015 and is headquartered in Surrey, Canada.
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Revenue | 149.26K | 49.76K | 26.99K | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | 333.55K | 211.95K | 56.32K | 299.03K | 0.00 | 0.00 |
| Gross Profit | -184.29K | -162.19K | -29.34K | -299.03K | 0.00 | 0.00 |
| Gross Profit Ratio | -123.47% | -325.96% | -108.71% | 0.00% | 0.00% | 0.00% |
| Research & Development | 764.90K | 380.09K | 336.46K | 666.73K | 46.84K | 15.64K |
| General & Administrative | 4.01M | 4.51M | 4.86M | 6.68M | 1.11M | 693.96K |
| Selling & Marketing | 271.45K | 348.58K | 1.13M | 3.71M | 141.88K | -687.55K |
| SG&A | 4.28M | 4.86M | 5.99M | 10.39M | 1.25M | 6.41K |
| Other Expenses | 1.80M | -97.27K | -175.38K | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 6.84M | 5.53M | 7.84M | 12.09M | 1.71M | 6.41K |
| Cost & Expenses | 7.18M | 5.75M | 7.89M | 12.09M | 1.71M | 6.41K |
| Interest Income | 547.51K | 670.91K | 157.11K | 13.20K | 42.41K | 24.64K |
| Interest Expense | 180.55K | 257.46K | 309.17K | 289.60K | 192.70K | 134.00 |
| Depreciation & Amortization | 1.71M | 987.55K | 672.83K | 299.03K | 454.06K | 357.73K |
| EBITDA | -4.64M | -4.89M | -7.36M | -11.82M | -1.26M | -991.46K |
| EBITDA Ratio | -3,110.96% | -8,115.97% | -26,077.83% | 0.00% | 0.00% | 0.00% |
| Operating Income | -7.03M | -6.95M | -8.18M | -12.38M | -1.67M | -6.41K |
| Operating Income Ratio | -4,706.99% | -13,976.18% | -30,298.93% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | 495.24K | 817.20K | -163.45K | -4.71M | 51.30K | -1.15M |
| Income Before Tax | -6.53M | -6.14M | -8.34M | -17.09M | -1.85M | -6.54K |
| Income Before Tax Ratio | -4,375.20% | -12,333.83% | -30,904.59% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 0.00 | 257.46K | 309.17K | 383.42K | 525.84K | -357.73K |
| Net Income | -6.53M | -6.14M | -8.34M | -17.18M | -2.19M | -6.54K |
| Net Income Ratio | -4,375.20% | -12,333.83% | -30,904.59% | 0.00% | 0.00% | 0.00% |
| EPS | -0.07 | -0.06 | -0.09 | -0.37 | -0.03 | 0.00 |
| EPS Diluted | -0.07 | -0.06 | -0.09 | -0.37 | -0.03 | 0.00 |
| Weighted Avg Shares Out | 97.29M | 97.19M | 96.78M | 46.50M | 64.44M | 3.00M |
| Weighted Avg Shares Out (Dil) | 97.29M | 97.19M | 96.78M | 46.50M | 64.44M | 3.00M |
NEXE joins forces with Awaken Brands to offer BPI compostable coffee pods for Keurig machines
NEXE Innovations Inc (TSX-V:NEXE, OTC:NEXNF) revealed its first venture into distributing its patented BPI compostable coffee pods for the popular Keurig brewing machines. The leading compostable and innovative materials company is teaming up with Awaken Brands Ventures Ltd, allowing Awaken...
NEXE Innovations Breaks New Ground with First Delivery of BPI Compostable Coffee Pods to U.S. Customer
Launching a new era of sustainable coffee consumption as part of a partnership with Awaken Brands Ventures Ltd. targeting the U.S. Office Coffee Services Market VANCOUVER, BC , Aug. 2, 2023 /PRNewswire/ - NEXE Innovations Inc. ("NEXE" or the "Company")...
NEXE Innovations says compostable coffee pod meets BPI Certification requirements
NEXE Innovations announced that the Biodegradable Products Institute (BPI) has confirmed that its fully compostable, single-use beverage pod meets the institute's stringent compostable requirements. NEXE said its pod will offer the market an environmentally-friendly alternative to the over 80 billion plastic and...
NEXE Innovations says it is in the final stages of commissioning its Windsor Facility for commercial operations
NEXE Innovations Inc (TSX-V:NEXE, OTC:NEXNF) told investors it has commissioned key equipment at its Windsor Facility for producing food-grade components for its proprietary single-serve beverage pods. In a corporate update, the compostable and innovative materials company said the end-to-end manufacturing...
NEXE Innovations focused on growing customer base as it announces Q2 results
NEXE Innovations Inc (TSX-V:NEXE, OTC:NEXNF) said a key strategic focus for the current year is to grow the company's customer base, focusing on private label and co-manufacturing segments of the market. Announcing its financial results for the second quarter to November...
Nexe Innovations targets early 2023 for production to start at Windsor facility
Nexe Innovations Inc has targeted early 2023 to be in production at its 54,000-square-foot facility in Windsor, Ontario for both component and finished goods manufacturing. The compostable materials technology specialist said the move will support the development of a vertically integrated...
Nexe Innovations sees continuing progress on transitioning to vertically integrated manufacturing process
NEXE Innovations Inc (TSX-V:NEXE, OTC:NEXNF) said it is continuing to make progress on transitioning to a vertically integrated process, including manufacturing components in-house, as it released financial results for the three months ended August 31, 2022. "We are pleased with the progress...
NEXE Innovations focused on growing its customer base after cementing its operational footprint in fiscal 2022
NEXE Innovations Inc (TSX-V:NEXE, OTC:NEXNF) said the 2022 financial year was an important one for the company as it built a solid operational footprint as part of its ongoing strategy. Highlights from the fiscal year ended May 31, 2022, include...
NEXE Innovations adds two new faces to executive team
NEXE Innovations Inc (TSX-V:NEXE, OTC:NEXNF) announced it has beefed up its executive team with two new appointments. The innovative compostable materials company has appointed Chris Murray as vice president of sales and marketing, and Kam Mangat as vice president of...
NEXE receives initial purchase order for superfood beverages from Purity Life Health Products LP
NEXE Innovations Inc (TSX-V:NEXE, OTC:NEXNF) announced that it has received an initial order of XOMA Superfoods from Canada's leading distributor of natural health products, Purity Life Health Products LP. The company noted that Purity has been supplying Canada with high quality...
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