See more : City Office REIT, Inc. (CIO) Income Statement Analysis – Financial Results
Complete financial analysis of Zinc8 Energy Solutions Inc. (ZAIRF) 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. (ZAIRF)
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 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 525.63K | 0.00 | 448.68K | 1.48M |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 525.63K | 0.00 | 448.68K | 1.48M |
| Gross Profit Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 100.00% | 0.00% | 100.00% | 100.00% |
| Research & Development | 4.00M | 5.08M | 4.86M | 2.72M | 1.86M | 1.50M | 936.10K | 1.45M |
| General & Administrative | 1.54M | 4.03M | 6.10M | 2.46M | 2.05M | 759.68K | 397.44K | 257.83K |
| Selling & Marketing | 542.91K | 703.95K | 566.44K | 944.01K | 1.12M | 106.37K | 16.01K | 129.05K |
| SG&A | 3.40M | 4.73M | 6.66M | 3.40M | 3.17M | 866.04K | 1.01M | 839.49K |
| Other Expenses | 0.00 | 27.17K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 7.40M | 11.85M | 11.67M | 6.22M | 5.07M | 2.38M | 8.50M | 1.48M |
| Cost & Expenses | 7.40M | 11.85M | 11.67M | 6.22M | 5.07M | 2.38M | 8.50M | 1.48M |
| Interest Income | 0.42 | 97.03K | 117.18K | 0.00 | 0.00 | 0.00 | 101.00 | 630.00 |
| Interest Expense | 0.00 | 71.79K | 0.00 | 163.81K | 601.89K | 210.59K | 0.00 | 0.00 |
| Depreciation & Amortization | 447.46K | 866.87K | 465.61K | 104.40K | 39.26K | 16.44K | 1.49M | 630.00 |
| EBITDA | -7.40M | -10.86M | -6.49M | -6.12M | -4.51M | -2.37M | -6.54M | 6.41K |
| EBITDA Ratio | 0.00% | 0.00% | 0.00% | 0.00% | -857.20% | 0.00% | -1,457.62% | 0.43% |
| Operating Income | -7.40M | -11.73M | -6.96M | -6.22M | -4.54M | -2.38M | -1.49M | -630.00 |
| Operating Income Ratio | 0.00% | 0.00% | 0.00% | 0.00% | -864.67% | 0.00% | -332.87% | -0.04% |
| Total Other Income/Expenses | -230.36K | -929.86K | -4.82M | 3.94M | -282.94K | -227.03K | -6.55M | 630.00 |
| Income Before Tax | -7.63M | -11.94M | -16.27M | -2.04M | -5.15M | -2.60M | -8.05M | 0.00 |
| Income Before Tax Ratio | 0.00% | 0.00% | 0.00% | 0.00% | -979.18% | 0.00% | -1,793.43% | 0.00% |
| Income Tax Expense | 0.00 | 98.95K | 4.60M | 163.81K | -132.60K | -144.71K | 6.60K | 2.89K |
| Net Income | -7.63K | -11.94M | -16.27M | -2.04M | -5.15M | -2.60M | -8.04M | 2.89K |
| Net Income Ratio | 0.00% | 0.00% | 0.00% | 0.00% | -979.18% | 0.00% | -1,791.96% | 0.20% |
| EPS | -0.41 | -0.76 | -1.12 | -0.25 | -1.39 | -0.67 | -2.68 | 0.00 |
| EPS Diluted | -0.41 | -0.76 | -1.12 | -0.25 | -1.39 | -0.67 | -2.68 | 0.00 |
| Weighted Avg Shares Out | 18.42M | 15.64M | 14.52M | 8.04M | 3.71M | 3.88M | 3.00M | 3.00M |
| Weighted Avg Shares Out (Dil) | 18.42M | 15.64M | 14.52M | 8.04M | 3.71M | 3.88M | 3.00M | 3.00M |
Zinc8 Energy Solutions gets US$9M tax credit to build its first production facility in New York State; CEO applauds Gov Hochul
Zinc8 Energy Solutions (CSE:ZAIR) Inc announced that a grant of up to US$9 million in tax credits from New York State has been approved. The grant is part of Empire State Development's performance-based Excelsior Jobs Program (EJP), which is designed...
Zinc8 Energy Solutions to receive $500,000 grant to advance Zinc-Air stack technology
Zinc8 Energy Solutions (CSE:ZAIR) has said it is receiving advisory services and up to $500,000 in funding from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP). The company said the funding is to support a research...
Zinc8 Energy Solutions completes non-brokered private placement for gross proceeds of $2,824,700
Zinc8 Energy Solutions Inc (CSE:ZAIR) said it has completed a non-brokered private placement under which it has issued an aggregate of 14,123,500 units at a price of $0.20 each for gross proceeds of $2,824,700. The company said the proceeds of...
Zinc8 Energy Solutions announces non-brokered private placement to raise gross proceeds of up to $3M
Zinc8 Energy Solutions Inc (CSE:ZAIR) has announced an offering of up to 15 million units at a price of $0.20 per unit as a non-brokered private placement to raise gross proceeds of up to $3 million. The proceeds of the...
Zinc8 Energy Solutions ends 3Q with working capital balance of $4M
Zinc8 Energy Solutions (CSE:ZAIR) Inc has filed financial results for the third quarter ending September 30, 2022, showing that it ended the period with a working capital balance of $4 million. During the quarter, the company announced that its inaugural commercial...
Zinc8 Energy Solutions raises $1.8M through exercise of warrants
Zinc8 Energy Solutions (CSE:ZAIR) Inc said it has raised $1,818,806 in gross proceeds from the exercise of 6,062,688 warrants over the past few weeks. The company said the warrants, which were issued on September 4, 2020, for a two-year term, were...
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Zinc8 Energy Solutions says first commercial production site to be based in the United States
Zinc8 Energy Solutions (CSE:ZAIR) has announced that the company's inaugural commercial production facility will be located in the United States. The company said this is based upon comprehensive analysis done by it, the recently announced Inflation Reduction Act's (IRA) manufacturing...
Zinc8 Energy Solutions ends second quarter with working capital balance of $4.5 million
Zinc8 Energy Solutions (CSE:ZAIR) Inc said it ended the second quarter of 2022 with a working capital balance of $4.5 million as it reported financial results for the period ending June 30, 2022. "We're seeing a great deal of interest in...
Zinc8 Energy has US Senate majority leader Charles Schumer's support to establish battery making plant in Ulster
Zinc8 Energy Solutions Inc (CSE:ZAIR) acknowledged the strong support it had from US Senate Majority Leader Charles Schumer for establishing a manufacturing facility in Ulster, New York's former TechCity site location. In a statement, Senator Schumer said Zinc8's interest in expanding...
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