Millennium Cell Inc
OTC:MCELQ
Income Statement
Earnings Waterfall
Millennium Cell Inc
Income Statement
Millennium Cell Inc
| Dec-1999 | Mar-2000 | Jun-2000 | Sep-2000 | Dec-2000 | Mar-2001 | Jun-2001 | Sep-2001 | Dec-2001 | Mar-2002 | Jun-2002 | Sep-2002 | Dec-2002 | Mar-2003 | Jun-2003 | Sep-2003 | Dec-2003 | Mar-2004 | Jun-2004 | Sep-2004 | Dec-2004 | Mar-2005 | Jun-2005 | Sep-2005 | Dec-2005 | Mar-2006 | Jun-2006 | Sep-2006 | Dec-2006 | Mar-2007 | Jun-2007 | Sep-2007 | Dec-2007 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||
| Interest Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
2
|
3
|
2
|
3
|
2
|
2
|
2
|
1
|
2
|
2
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
|
| Revenue |
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
+6%
|
0
+29%
|
1
+47%
|
0
-42%
|
1
+52%
|
1
-2%
|
0
-26%
|
0
-6%
|
0
-34%
|
0
-31%
|
0
-1%
|
0
+26%
|
0
-16%
|
0
+62%
|
0
+23%
|
0
-2%
|
0
-10%
|
0
-35%
|
0
-8%
|
0
+0%
|
0
+26%
|
0
-3%
|
1
+178%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||
| Cost of Revenue |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
|
| Gross Profit |
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
+3%
|
0
+167%
|
0
+13%
|
0
-36%
|
0
+3%
|
0
-83%
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
-13%
|
0
+14%
|
0
N/A
|
0
N/A
|
0
N/A
|
0
+150%
|
0
+60%
|
0
N/A
|
0
-56%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||
| Operating Expenses |
(1)
|
(1)
|
(2)
|
(12)
|
(16)
|
(21)
|
(25)
|
(20)
|
(21)
|
(21)
|
(20)
|
(18)
|
(16)
|
(15)
|
(15)
|
(14)
|
(13)
|
(12)
|
(10)
|
(9)
|
(9)
|
(9)
|
(13)
|
(13)
|
(13)
|
(13)
|
(12)
|
(11)
|
(12)
|
(12)
|
(12)
|
(13)
|
(10)
|
|
| Selling, General & Administrative |
(0)
|
(0)
|
(1)
|
(2)
|
(3)
|
(5)
|
(7)
|
(9)
|
(10)
|
(12)
|
(12)
|
(11)
|
(10)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(8)
|
(8)
|
(7)
|
(8)
|
(9)
|
(9)
|
(9)
|
(8)
|
(7)
|
(7)
|
(7)
|
(9)
|
(9)
|
(8)
|
|
| Research & Development |
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
|
| Depreciation & Amortization |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
(9)
|
(11)
|
(13)
|
(15)
|
(8)
|
(7)
|
(6)
|
(5)
|
(4)
|
(4)
|
(4)
|
(4)
|
(3)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(3)
|
(3)
|
(4)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(2)
|
(2)
|
(1)
|
|
| Operating Income |
(1)
N/A
|
(1)
-26%
|
(2)
-41%
|
(12)
-565%
|
(16)
-33%
|
(21)
-27%
|
(25)
-22%
|
(20)
+21%
|
(21)
-3%
|
(21)
0%
|
(20)
+5%
|
(18)
+9%
|
(16)
+9%
|
(15)
+6%
|
(15)
+5%
|
(14)
+4%
|
(13)
+7%
|
(12)
+6%
|
(10)
+14%
|
(9)
+10%
|
(9)
0%
|
(9)
+3%
|
(13)
-39%
|
(13)
-5%
|
(13)
-1%
|
(13)
+2%
|
(12)
+8%
|
(11)
+6%
|
(12)
-4%
|
(12)
+1%
|
(12)
-5%
|
(13)
-8%
|
(10)
+21%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||
| Interest Income Expense |
0
|
0
|
(0)
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
(0)
|
(1)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(1)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
|
| Non-Reccuring Items |
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
|
|
| Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
0
|
0
|
0
|
1
|
1
|
1
|
0
|
1
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Pre-Tax Income |
(1)
N/A
|
(1)
-24%
|
(2)
-45%
|
(12)
-554%
|
(16)
-30%
|
(20)
-26%
|
(24)
-22%
|
(19)
+22%
|
(19)
-4%
|
(20)
-2%
|
(19)
+4%
|
(17)
+9%
|
(16)
+6%
|
(16)
+0%
|
(16)
+1%
|
(17)
-6%
|
(16)
+4%
|
(15)
+8%
|
(14)
+8%
|
(12)
+16%
|
(11)
+4%
|
(11)
+2%
|
(14)
-26%
|
(15)
-7%
|
(15)
-1%
|
(15)
+3%
|
(13)
+7%
|
(12)
+9%
|
(13)
-5%
|
(13)
0%
|
(14)
-5%
|
(15)
-8%
|
(11)
+24%
|
|
| 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
|
1
|
1
|
1
|
1
|
1
|
|
| Income from Continuing Operations |
(1)
|
(1)
|
(2)
|
(12)
|
(16)
|
(20)
|
(24)
|
(19)
|
(19)
|
(20)
|
(19)
|
(17)
|
(16)
|
(16)
|
(16)
|
(17)
|
(16)
|
(15)
|
(14)
|
(11)
|
(11)
|
(11)
|
(13)
|
(14)
|
(15)
|
(14)
|
(13)
|
(12)
|
(12)
|
(12)
|
(13)
|
(14)
|
(10)
|
|
| Net Income (Common) |
(1)
N/A
|
(1)
-24%
|
(3)
-155%
|
(14)
-335%
|
(18)
-25%
|
(22)
-22%
|
(25)
-13%
|
(19)
+24%
|
(19)
-4%
|
(20)
-2%
|
(19)
+4%
|
(17)
+9%
|
(16)
+7%
|
(16)
+0%
|
(16)
+1%
|
(17)
-6%
|
(16)
+4%
|
(15)
+8%
|
(14)
+8%
|
(11)
+16%
|
(11)
+6%
|
(11)
+2%
|
(13)
-27%
|
(14)
-8%
|
(15)
-1%
|
(14)
+3%
|
(13)
+7%
|
(12)
+10%
|
(12)
-4%
|
(12)
0%
|
(13)
-6%
|
(14)
-8%
|
(10)
+28%
|
|
| EPS (Diluted) |
-0.04
N/A
|
-0.06
-50%
|
-0.14
-133%
|
-0.58
-314%
|
-0.69
-19%
|
-0.8
-16%
|
-0.9
-12%
|
-0.69
+23%
|
-0.71
-3%
|
-0.72
-1%
|
-0.68
+6%
|
-0.62
+9%
|
-0.58
+6%
|
-0.56
+3%
|
-0.54
+4%
|
-0.52
+4%
|
-0.51
+2%
|
-0.41
+20%
|
-0.36
+12%
|
-0.32
+11%
|
-0.29
+9%
|
-0.28
+3%
|
-0.31
-11%
|
-0.32
-3%
|
-0.34
-6%
|
-0.3
+12%
|
-0.29
+3%
|
-0.25
+14%
|
-0.25
N/A
|
-0.25
N/A
|
-0.25
N/A
|
-0.26
-4%
|
-0.17
+35%
|
|