Akerna Corp
NASDAQ:KERN
Income Statement
Earnings Waterfall
Akerna Corp
Revenue
|
9.8m
USD
|
Cost of Revenue
|
-4.2m
USD
|
Gross Profit
|
5.6m
USD
|
Operating Expenses
|
-14.3m
USD
|
Operating Income
|
-8.7m
USD
|
Other Expenses
|
-25.7m
USD
|
Net Income
|
-34.3m
USD
|
Income Statement
Akerna Corp
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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||||||||||||
Revenue |
5
N/A
|
7
+48%
|
11
+50%
|
12
+8%
|
12
+6%
|
13
+6%
|
13
-5%
|
13
+4%
|
14
+6%
|
15
+7%
|
17
+13%
|
18
+9%
|
18
-3%
|
18
+1%
|
16
-8%
|
14
-13%
|
14
-5%
|
12
-12%
|
11
-10%
|
10
-9%
|
|
Gross Profit | |||||||||||||||||||||
Cost of Revenue |
(2)
|
(4)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(7)
|
(6)
|
(6)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(6)
|
(5)
|
(5)
|
(5)
|
(4)
|
|
Gross Profit |
2
N/A
|
4
+47%
|
6
+70%
|
7
+9%
|
7
+6%
|
8
+7%
|
6
-17%
|
7
+3%
|
8
+16%
|
8
+12%
|
10
+20%
|
11
+12%
|
10
-11%
|
10
+2%
|
10
-7%
|
8
-16%
|
8
+2%
|
7
-14%
|
6
-14%
|
6
-8%
|
|
Operating Income | |||||||||||||||||||||
Operating Expenses |
(7)
|
(10)
|
(19)
|
(20)
|
(22)
|
(26)
|
(24)
|
(26)
|
(26)
|
(32)
|
(36)
|
(28)
|
(29)
|
(30)
|
(28)
|
(27)
|
(24)
|
(21)
|
(17)
|
(14)
|
|
Selling, General & Administrative |
(5)
|
(7)
|
(13)
|
(22)
|
(24)
|
(27)
|
(19)
|
(20)
|
(19)
|
(17)
|
(18)
|
(18)
|
(18)
|
(18)
|
(17)
|
(15)
|
(14)
|
(13)
|
(10)
|
(9)
|
|
Research & Development |
(2)
|
(3)
|
(6)
|
(5)
|
(6)
|
(6)
|
(3)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(5)
|
(5)
|
(4)
|
(3)
|
(3)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
(0)
|
0
|
0
|
(1)
|
(2)
|
(3)
|
(4)
|
(4)
|
(4)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(4)
|
(3)
|
(2)
|
|
Other Operating Expenses |
0
|
0
|
0
|
7
|
7
|
7
|
0
|
0
|
0
|
(6)
|
(7)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
(4)
N/A
|
(7)
-60%
|
(13)
-88%
|
(13)
-5%
|
(15)
-15%
|
(18)
-20%
|
(17)
+5%
|
(20)
-15%
|
(19)
+5%
|
(24)
-26%
|
(25)
-7%
|
(17)
+34%
|
(19)
-13%
|
(20)
-5%
|
(19)
+5%
|
(19)
+0%
|
(16)
+14%
|
(14)
+13%
|
(11)
+23%
|
(9)
+19%
|
|
Pre-Tax Income | |||||||||||||||||||||
Interest Income Expense |
0
|
0
|
0
|
0
|
0
|
0
|
1
|
2
|
(0)
|
(3)
|
(4)
|
(5)
|
(3)
|
(1)
|
(2)
|
(3)
|
(4)
|
(3)
|
(4)
|
(2)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(7)
|
0
|
0
|
(5)
|
(12)
|
(28)
|
(43)
|
(45)
|
(39)
|
(24)
|
(8)
|
(9)
|
|
Total Other Income |
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
(0)
|
0
|
(0)
|
(0)
|
|
Pre-Tax Income |
(4)
N/A
|
(7)
-61%
|
(12)
-88%
|
(13)
-5%
|
(15)
-15%
|
(18)
-20%
|
(16)
+9%
|
(18)
-12%
|
(26)
-43%
|
(27)
-4%
|
(30)
-9%
|
(26)
+11%
|
(33)
-27%
|
(48)
-45%
|
(63)
-30%
|
(66)
-6%
|
(59)
+11%
|
(41)
+32%
|
(23)
+43%
|
(20)
+11%
|
|
Net Income | |||||||||||||||||||||
Tax Provision |
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
2
|
2
|
3
|
3
|
1
|
1
|
0
|
0
|
|
Income from Continuing Operations |
(4)
|
(7)
|
(12)
|
(13)
|
(15)
|
(18)
|
(16)
|
(18)
|
(26)
|
(27)
|
(30)
|
(26)
|
(31)
|
(46)
|
(60)
|
(64)
|
(59)
|
(40)
|
(23)
|
(20)
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Equity Earnings Affiliates |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
(4)
N/A
|
(7)
-61%
|
(12)
-88%
|
(13)
-5%
|
(15)
-15%
|
(18)
-19%
|
(16)
+13%
|
(17)
-12%
|
(25)
-45%
|
(26)
-4%
|
(30)
-12%
|
(26)
+11%
|
(31)
-19%
|
(47)
-49%
|
(70)
-50%
|
(71)
-1%
|
(80)
-13%
|
(61)
+24%
|
(34)
+44%
|
(34)
-1%
|
|
EPS (Diluted) |
-18.59
N/A
|
-21.93
-18%
|
-41.33
-88%
|
-24.12
+42%
|
-27.23
-13%
|
-28.77
-6%
|
-26.32
+9%
|
-24.9
+5%
|
-33.74
-36%
|
-23.8
+29%
|
-24
-1%
|
-19.95
+17%
|
-24.47
-23%
|
-29.63
-21%
|
-39.7
-34%
|
-18.3
+54%
|
-27.3
-49%
|
-11.31
+59%
|
-5.7
+50%
|
-4.18
+27%
|