Renren Inc
NYSE:RENN
Income Statement
Earnings Waterfall
Renren Inc
Revenue
|
45.8m
USD
|
Cost of Revenue
|
-10.4m
USD
|
Gross Profit
|
35.4m
USD
|
Operating Expenses
|
-50.6m
USD
|
Operating Income
|
-15.2m
USD
|
Other Expenses
|
-60m
USD
|
Net Income
|
-75.2m
USD
|
Income Statement
Renren Inc
Dec-2020 | Dec-2021 | Dec-2022 | ||
---|---|---|---|---|
Revenue | ||||
Revenue |
18
N/A
|
32
+78%
|
46
+42%
|
|
Gross Profit | ||||
Cost of Revenue |
(3)
|
(7)
|
(10)
|
|
Gross Profit |
15
N/A
|
25
+73%
|
35
+39%
|
|
Operating Income | ||||
Operating Expenses |
(42)
|
(45)
|
(51)
|
|
Selling, General & Administrative |
(32)
|
(34)
|
(35)
|
|
Research & Development |
(10)
|
(11)
|
(16)
|
|
Operating Income |
(27)
N/A
|
(19)
+28%
|
(15)
+22%
|
|
Pre-Tax Income | ||||
Interest Income Expense |
8
|
0
|
1
|
|
Non-Reccuring Items |
0
|
(2)
|
(45)
|
|
Total Other Income |
3
|
(25)
|
(7)
|
|
Pre-Tax Income |
(17)
N/A
|
(45)
-168%
|
(67)
-48%
|
|
Net Income | ||||
Tax Provision |
0
|
1
|
2
|
|
Income from Continuing Operations |
(17)
|
(44)
|
(65)
|
|
Income to Minority Interest |
3
|
1
|
1
|
|
Equity Earnings Affiliates |
0
|
(59)
|
(11)
|
|
Net Income (Common) |
(19)
N/A
|
14
N/A
|
(75)
N/A
|
|
EPS (Diluted) |
-0.01
N/A
|
0.01
N/A
|
-0.07
N/A
|