Toughbuilt Industries Inc
NASDAQ:TBLT
Income Statement
Earnings Waterfall
Toughbuilt Industries Inc
Revenue
|
89.6m
USD
|
Cost of Revenue
|
-66m
USD
|
Gross Profit
|
23.7m
USD
|
Operating Expenses
|
-76.3m
USD
|
Operating Income
|
-52.7m
USD
|
Other Expenses
|
1.4m
USD
|
Net Income
|
-51.3m
USD
|
Income Statement
Toughbuilt Industries Inc
Dec-2017 | 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||
Revenue |
14
N/A
|
12
-15%
|
13
+4%
|
15
+22%
|
16
+7%
|
17
+1%
|
18
+8%
|
19
+7%
|
18
-6%
|
20
+12%
|
32
+59%
|
39
+23%
|
48
+21%
|
57
+19%
|
57
+1%
|
70
+22%
|
75
+7%
|
77
+3%
|
90
+17%
|
95
+6%
|
98
+3%
|
99
+1%
|
90
-10%
|
|
Gross Profit | ||||||||||||||||||||||||
Cost of Revenue |
(10)
|
(9)
|
(10)
|
(12)
|
(13)
|
(13)
|
(13)
|
(14)
|
(13)
|
(13)
|
(20)
|
(27)
|
(33)
|
(41)
|
(43)
|
(51)
|
(58)
|
(58)
|
(69)
|
(70)
|
(72)
|
(73)
|
(66)
|
|
Gross Profit |
4
N/A
|
3
-21%
|
3
-7%
|
4
+19%
|
4
+6%
|
4
+2%
|
5
+22%
|
5
+7%
|
5
+7%
|
7
+25%
|
12
+81%
|
13
+7%
|
15
+15%
|
16
+6%
|
14
-9%
|
19
+34%
|
17
-11%
|
19
+9%
|
21
+13%
|
25
+19%
|
26
+2%
|
27
+3%
|
24
-11%
|
|
Operating Income | ||||||||||||||||||||||||
Operating Expenses |
(8)
|
(5)
|
(6)
|
(9)
|
(11)
|
(12)
|
(13)
|
(14)
|
(15)
|
(17)
|
(19)
|
(27)
|
(32)
|
(38)
|
(48)
|
(58)
|
(66)
|
(72)
|
(73)
|
(77)
|
(78)
|
(78)
|
(76)
|
|
Selling, General & Administrative |
(6)
|
(4)
|
(5)
|
(7)
|
(8)
|
(9)
|
(11)
|
(11)
|
(13)
|
(15)
|
(17)
|
(22)
|
(26)
|
(30)
|
(40)
|
(51)
|
(58)
|
(63)
|
(63)
|
(66)
|
(65)
|
(66)
|
(64)
|
|
Research & Development |
(2)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(5)
|
(6)
|
(7)
|
(8)
|
(7)
|
(8)
|
(9)
|
(10)
|
(11)
|
(12)
|
(12)
|
(13)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
(4)
N/A
|
(2)
+40%
|
(3)
-51%
|
(5)
-52%
|
(8)
-47%
|
(8)
0%
|
(8)
-8%
|
(9)
-2%
|
(10)
-17%
|
(10)
-2%
|
(7)
+27%
|
(14)
-93%
|
(17)
-17%
|
(22)
-31%
|
(34)
-54%
|
(39)
-17%
|
(49)
-24%
|
(54)
-10%
|
(52)
+3%
|
(52)
-1%
|
(52)
+1%
|
(52)
+1%
|
(53)
-2%
|
|
Pre-Tax Income | ||||||||||||||||||||||||
Interest Income Expense |
(2)
|
(2)
|
(2)
|
(18)
|
(14)
|
(12)
|
(11)
|
4
|
2
|
(1)
|
(1)
|
(3)
|
(3)
|
(3)
|
0
|
2
|
6
|
7
|
22
|
15
|
18
|
24
|
9
|
|
Non-Reccuring Items |
0
|
(1)
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
0
|
(4)
|
(4)
|
(4)
|
(4)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(7)
|
|
Pre-Tax Income |
(6)
N/A
|
(5)
+10%
|
(7)
-31%
|
(28)
-294%
|
(26)
+7%
|
(23)
+11%
|
(23)
+1%
|
(4)
+81%
|
(9)
-99%
|
(11)
-30%
|
(8)
+25%
|
(17)
-110%
|
(20)
-13%
|
(25)
-25%
|
(34)
-38%
|
(38)
-11%
|
(44)
-16%
|
(48)
-11%
|
(31)
+35%
|
(39)
-26%
|
(35)
+10%
|
(29)
+18%
|
(51)
-77%
|
|
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
|
|
Income from Continuing Operations |
(6)
|
(5)
|
(7)
|
(28)
|
(26)
|
(23)
|
(23)
|
(4)
|
(9)
|
(11)
|
(8)
|
(17)
|
(20)
|
(25)
|
(34)
|
(38)
|
(44)
|
(48)
|
(31)
|
(39)
|
(35)
|
(29)
|
(51)
|
|
Net Income (Common) |
(6)
N/A
|
(5)
+10%
|
(7)
-31%
|
(32)
-360%
|
(33)
-1%
|
(28)
+15%
|
(29)
-7%
|
(6)
+78%
|
(10)
-53%
|
(15)
-47%
|
(10)
+34%
|
(19)
-95%
|
(20)
-5%
|
(25)
-25%
|
(34)
-38%
|
(38)
-11%
|
(44)
-16%
|
(48)
-11%
|
(39)
+20%
|
(47)
-21%
|
(43)
+8%
|
(37)
+15%
|
(51)
-40%
|