AYRO Inc
NASDAQ:AYRO
Income Statement
Earnings Waterfall
AYRO Inc
Revenue
|
498.9k
USD
|
Cost of Revenue
|
-5.1m
USD
|
Gross Profit
|
-4.6m
USD
|
Operating Expenses
|
-23.5m
USD
|
Operating Income
|
-28.2m
USD
|
Other Expenses
|
-10.9m
USD
|
Net Income
|
-39m
USD
|
Income Statement
AYRO Inc
Oct-2013 | Jan-2014 | Apr-2014 | Jul-2014 | Oct-2014 | Jan-2015 | Apr-2015 | Jul-2015 | Oct-2015 | Jan-2016 | Apr-2016 | Jul-2016 | Oct-2016 | Jan-2017 | Apr-2017 | Jul-2017 | Oct-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
12
N/A
|
11
-11%
|
16
+46%
|
18
+11%
|
19
+9%
|
19
+0%
|
24
+27%
|
21
-14%
|
19
-11%
|
16
-16%
|
15
-7%
|
14
-7%
|
15
+8%
|
15
+6%
|
17
+8%
|
17
+1%
|
16
-6%
|
9
-43%
|
7
-18%
|
5
-33%
|
0
N/A
|
(1)
N/A
|
(3)
-415%
|
(4)
-36%
|
1
N/A
|
(0)
N/A
|
1
N/A
|
1
+14%
|
2
+65%
|
2
+41%
|
2
+10%
|
3
+7%
|
3
+2%
|
3
+8%
|
3
+16%
|
3
-6%
|
3
-6%
|
2
-31%
|
1
-41%
|
1
-23%
|
0
-47%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(9)
|
(8)
|
(13)
|
(14)
|
(16)
|
(16)
|
(21)
|
(18)
|
(16)
|
(13)
|
(12)
|
(11)
|
(11)
|
(12)
|
(13)
|
(13)
|
(12)
|
(8)
|
(8)
|
(7)
|
0
|
(5)
|
(2)
|
(1)
|
(1)
|
0
|
(1)
|
(1)
|
(2)
|
(2)
|
(3)
|
(3)
|
(5)
|
(5)
|
(8)
|
(8)
|
(6)
|
(5)
|
(3)
|
(2)
|
(5)
|
|
Gross Profit |
3
N/A
|
2
-28%
|
3
+24%
|
3
+7%
|
3
+2%
|
3
-9%
|
4
+31%
|
3
-21%
|
3
-15%
|
2
-13%
|
3
+31%
|
3
-8%
|
3
+18%
|
3
+7%
|
4
+9%
|
4
+1%
|
4
-6%
|
1
-73%
|
(0)
N/A
|
(2)
-267%
|
0
N/A
|
(1)
N/A
|
(0)
+72%
|
0
N/A
|
0
+25%
|
0
+25%
|
0
-20%
|
0
N/A
|
(0)
N/A
|
(0)
+70%
|
(0)
+17%
|
(1)
-920%
|
(2)
-312%
|
(2)
-14%
|
(4)
-81%
|
(5)
-4%
|
(3)
+31%
|
(3)
+3%
|
(1)
+55%
|
(1)
+33%
|
(5)
-409%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(7)
|
(7)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(8)
|
(9)
|
(2)
|
6
|
8
|
9
|
(9)
|
(8)
|
(9)
|
(9)
|
(10)
|
(15)
|
(21)
|
(30)
|
(31)
|
(30)
|
(26)
|
(20)
|
(20)
|
(21)
|
(23)
|
(24)
|
(24)
|
|
Selling, General & Administrative |
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(7)
|
(7)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(5)
|
(8)
|
(9)
|
(2)
|
(1)
|
2
|
2
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(10)
|
(14)
|
(20)
|
(20)
|
(19)
|
(18)
|
(14)
|
(13)
|
(13)
|
(14)
|
(15)
|
(16)
|
|
Research & Development |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(4)
|
(7)
|
(10)
|
(11)
|
(10)
|
(8)
|
(6)
|
(7)
|
(8)
|
(9)
|
(9)
|
(7)
|
|
Depreciation & Amortization |
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
7
|
7
|
7
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
(2)
N/A
|
(2)
-41%
|
(2)
+7%
|
(2)
+10%
|
(2)
+15%
|
(2)
-13%
|
(1)
+40%
|
(2)
-73%
|
(4)
-88%
|
(4)
-11%
|
(4)
0%
|
(4)
-8%
|
(3)
+34%
|
(2)
+12%
|
(3)
-4%
|
(2)
+8%
|
(2)
+3%
|
(5)
-100%
|
(8)
-80%
|
(11)
-33%
|
(2)
+80%
|
(1)
+77%
|
3
N/A
|
4
+43%
|
(9)
N/A
|
(8)
+3%
|
(8)
-2%
|
(9)
-4%
|
(10)
-17%
|
(15)
-45%
|
(21)
-41%
|
(30)
-47%
|
(33)
-9%
|
(32)
+3%
|
(30)
+5%
|
(24)
+20%
|
(23)
+3%
|
(25)
-5%
|
(25)
-1%
|
(25)
-2%
|
(28)
-12%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(7)
|
(9)
|
(6)
|
(4)
|
(5)
|
(3)
|
(3)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
0
|
(1)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
4
|
(6)
|
|
Non-Reccuring Items |
(3)
|
(3)
|
(3)
|
(1)
|
(1)
|
(4)
|
(3)
|
(2)
|
(1)
|
2
|
0
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(1)
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(10)
|
0
|
|
Pre-Tax Income |
(12)
N/A
|
(14)
-15%
|
(11)
+20%
|
(7)
+33%
|
(8)
-15%
|
(8)
+0%
|
(7)
+17%
|
(4)
+43%
|
(4)
-4%
|
(2)
+49%
|
(4)
-74%
|
(3)
+12%
|
(2)
+51%
|
(1)
+24%
|
(1)
-3%
|
(2)
-84%
|
(2)
-2%
|
(6)
-153%
|
(9)
-65%
|
(12)
-30%
|
(3)
+76%
|
(0)
+97%
|
3
N/A
|
4
+38%
|
(9)
N/A
|
(8)
+2%
|
(9)
-5%
|
(9)
-6%
|
(11)
-14%
|
(15)
-35%
|
(21)
-42%
|
(30)
-45%
|
(33)
-10%
|
(32)
+3%
|
(30)
+5%
|
(24)
+21%
|
(23)
+5%
|
(24)
-4%
|
(24)
0%
|
(31)
-29%
|
(34)
-11%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(0)
|
(0)
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Income from Continuing Operations |
(12)
|
(14)
|
(11)
|
(7)
|
(8)
|
(8)
|
(7)
|
(4)
|
(4)
|
(2)
|
(4)
|
(3)
|
(2)
|
(1)
|
(1)
|
(2)
|
(2)
|
(6)
|
(9)
|
(12)
|
(3)
|
(0)
|
3
|
4
|
(9)
|
(8)
|
(9)
|
(9)
|
(11)
|
(15)
|
(21)
|
(30)
|
(33)
|
(32)
|
(30)
|
(24)
|
(23)
|
(24)
|
(24)
|
(31)
|
(34)
|
|
Income to Minority Interest |
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
(14)
N/A
|
(16)
-17%
|
(11)
+31%
|
(8)
+32%
|
(11)
-44%
|
(11)
+1%
|
(11)
-5%
|
(13)
-17%
|
(11)
+14%
|
(9)
+20%
|
(8)
+9%
|
(4)
+57%
|
(2)
+44%
|
(2)
+12%
|
(2)
-31%
|
(3)
-42%
|
(4)
-25%
|
(6)
-51%
|
(10)
-63%
|
(13)
-31%
|
(20)
-53%
|
(18)
+12%
|
(14)
+18%
|
(12)
+15%
|
(9)
+29%
|
(8)
+2%
|
(9)
-5%
|
(10)
-11%
|
(11)
-13%
|
(15)
-34%
|
(21)
-41%
|
(30)
-42%
|
(33)
-10%
|
(32)
+3%
|
(30)
+5%
|
(24)
+21%
|
(23)
+5%
|
(24)
-4%
|
(24)
0%
|
(32)
-36%
|
(39)
-21%
|
|
EPS (Diluted) |
-141 232.58
N/A
|
-126 657.16
+10%
|
-40 305.13
+68%
|
84 937.23
N/A
|
-17 812.55
N/A
|
-13 008.25
+27%
|
-13 159.99
-1%
|
-12 002.03
+9%
|
-10 171.52
+15%
|
-5 530.26
+46%
|
-3 829.37
+31%
|
-1 748.79
+54%
|
-774.04
+56%
|
-639.86
+17%
|
-729.76
-14%
|
-991.12
-36%
|
-1 169.06
-18%
|
-206.33
+82%
|
-335.33
-63%
|
-328.5
+2%
|
-127.21
+61%
|
-352.99
-177%
|
-21.87
+94%
|
-34.94
-60%
|
-21.74
+38%
|
-9.43
+57%
|
-8.57
+9%
|
-3.35
+61%
|
-5.89
-76%
|
-3.75
+36%
|
-4.79
-28%
|
-6.61
-38%
|
-7.52
-14%
|
-6.94
+8%
|
-6.56
+5%
|
-5.17
+21%
|
-4.97
+4%
|
-5.13
-3%
|
-5.09
+1%
|
-6.83
-34%
|
-8.19
-20%
|