Toughbuilt Industries Inc
OTC:TBLT
Income Statement
Earnings Waterfall
Toughbuilt Industries Inc
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 | Dec-2023 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||
| Interest Expense |
2
|
1
|
2
|
3
|
4
|
4
|
3
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
1
|
2
|
3
|
3
|
3
|
2
|
|
| Revenue |
14
N/A
|
12
-15%
|
12
+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%
|
76
-15%
|
|
| 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)
|
(60)
|
|
| Gross Profit |
4
N/A
|
3
-21%
|
3
-6%
|
3
+19%
|
4
+6%
|
4
+2%
|
5
+22%
|
5
+7%
|
5
+7%
|
7
+26%
|
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%
|
16
-31%
|
|
| 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)
|
(68)
|
|
| 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)
|
(56)
|
|
| 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)
|
(12)
|
|
| 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
|
0
|
|
| Operating Income |
(4)
N/A
|
(2)
+40%
|
(3)
-51%
|
(5)
-53%
|
(8)
-47%
|
(8)
0%
|
(8)
-8%
|
(9)
-3%
|
(10)
-17%
|
(10)
-2%
|
(7)
+27%
|
(14)
-94%
|
(17)
-17%
|
(22)
-31%
|
(34)
-54%
|
(39)
-17%
|
(49)
-24%
|
(54)
-10%
|
(52)
+3%
|
(52)
-1%
|
(52)
+1%
|
(52)
+1%
|
(53)
-2%
|
(52)
+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
|
18
|
|
| 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
|
(6)
|
|
| 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)
|
(7)
|
|
| Pre-Tax Income |
(6)
N/A
|
(5)
+10%
|
(7)
-32%
|
(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%
|
(46)
+9%
|
|
| 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
|
|
| 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)
|
(46)
|
|
| Net Income (Common) |
(6)
N/A
|
(5)
+10%
|
(7)
-32%
|
(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%
|
(46)
+9%
|
|
| EPS (Diluted) |
-60 705.43
N/A
|
-54 519.89
+10%
|
-71 689.19
-31%
|
-318 975.11
-345%
|
-316 249.36
+1%
|
-277 244.42
+12%
|
-270 573.59
+2%
|
-20 240.18
+93%
|
-9 851
+51%
|
-2 903
+71%
|
-2 391.75
+18%
|
-6 214.66
-160%
|
-2 806.85
+55%
|
-3 068.87
-9%
|
-2 597.46
+15%
|
-3 752.6
-44%
|
-2 420.88
+35%
|
-2 414.5
+0%
|
-127.57
+95%
|
-462.99
-263%
|
-189.97
+59%
|
-150.3
+21%
|
-106.45
+29%
|
-122.12
-15%
|
|