See more : Fast Casual Concepts, Inc. (FCCI) 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 appoints business development professional Storm Boswick to board of directors
Zinc8 Energy Solutions (CSE:ZAIR) Inc said it has appointed business development professional Storm Boswick to its board of directors. The company noted that Boswick has considerable experience in the investment sector and capital markets, holding senior positions in various firms, and...
Zinc8 Energy Solutions ends 1Q with working capital balance of $7.5 million
Zinc8 Energy Solutions (CSE:ZAIR) Inc said it has filed its financial results for the first quarter ending March 31, 2022, noting that it ended the period with a working capital balance of $7.5 million. "We continue to push hard on...
Zinc8 Energy Solutions continues to expand its efforts towards commercialization
Zinc8 Energy Solutions (CSE:ZAIR) Inc. CEO Ron McDonald has highlighted that the company, which specializes in flow battery technology that relies on regenerating zinc particles to store and dispatch energy, continues to expand its efforts towards commercialization.
Zinc8 Energy Solutions appoints lawyer Bernard Pinsky to its board of directors
Zinc8 Energy Solutions (CSE:ZAIR) Inc. said it has appointed Canadian lawyer and long-time community safety advocate Bernard Pinsky, Q.C.
Zinc8 Energy Solutions to install a Zinc-Air Energy Storage System in a Queens apartment complex
Zinc8 Energy Solutions (CSE:ZAIR) Inc announced it has signed a host site agreement with a Queens, New York-based apartment complex to install a 100 kilowatt/1.5 megawatt hour Zinc-Air Energy Storage System (ZESS). The agreement is financially supported by The New...
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Zinc8 Energy engages consulting firm in effort to advance initiatives in New York State
Zinc8 Energy Solutions (CSE:ZAIR) told investors it has engaged global engineering, architecture and consultancy firm Ramboll Americas Engineering Solutions Inc to investigate potential manufacturing sites in the state of New York. Additionally, Zinc8 said it has engaged cleantech expert Robert...
Zinc8 Energy advancing innovative battery technology that uses zinc and air as fuel
Redefining long-duration energy storage Extensive partner network Experienced management What Zinc Energy Solutions does: Zinc8 Energy Solutions Inc (CSE:ZAIR) (OTCPINK:MGXRF) (FRA:0E9) is redefining long-duration energy storage, with its low-cost zinc-air battery that offers a 20,000-hour operating life and more than eight hours of...
Zinc8 Energy Solutions ends 3Q with $11.6M balance sheet as it advances toward commercialization in long duration energy storage market
Zinc8 Energy Solutions ended its third quarter with an $11.6 million balance sheet as it advances toward commercialization in the long duration energy storage market. During the quarter ended September 30, the company announced the relocation of its engineering teams to...
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