Hexo Corp
TSX:HEXO
Income Statement
Earnings Waterfall
Hexo Corp
Income Statement
Hexo Corp
| Jul-2016 | Oct-2016 | Jan-2017 | Apr-2017 | Jul-2017 | Oct-2017 | Jan-2018 | Apr-2018 | Jul-2018 | Oct-2018 | Jan-2019 | Apr-2019 | Jul-2019 | Oct-2019 | Jan-2020 | Apr-2020 | Jul-2020 | Oct-2020 | Jan-2021 | Apr-2021 | Jul-2021 | Oct-2021 | Jan-2022 | Apr-2022 | Jul-2022 | Oct-2022 | Jan-2023 | Apr-2023 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||
| Revenue |
2
N/A
|
3
+60%
|
4
+24%
|
4
+15%
|
4
-4%
|
4
-1%
|
4
+7%
|
4
+1%
|
5
+13%
|
9
+92%
|
22
+129%
|
34
+54%
|
48
+42%
|
56
+19%
|
60
+6%
|
69
+15%
|
81
+17%
|
96
+19%
|
112
+17%
|
112
+0%
|
124
+10%
|
144
+17%
|
215
+48%
|
237
+11%
|
191
-20%
|
227
+19%
|
148
-35%
|
124
-16%
|
|
| Gross Profit | |||||||||||||||||||||||||||||
| Cost of Revenue |
(1)
|
(2)
|
(2)
|
(3)
|
(3)
|
(4)
|
(4)
|
(3)
|
(2)
|
(4)
|
(11)
|
(17)
|
(26)
|
(59)
|
(38)
|
(45)
|
(127)
|
(109)
|
(145)
|
(150)
|
(95)
|
(160)
|
(283)
|
(320)
|
(283)
|
(319)
|
(201)
|
(174)
|
|
| Gross Profit |
1
N/A
|
1
+108%
|
2
+19%
|
1
-24%
|
1
+17%
|
0
-73%
|
1
+100%
|
2
+104%
|
3
+83%
|
5
+77%
|
11
+123%
|
17
+51%
|
21
+26%
|
(3)
N/A
|
22
N/A
|
24
+11%
|
(46)
N/A
|
(13)
+72%
|
(33)
-153%
|
(38)
-13%
|
29
N/A
|
(16)
N/A
|
(68)
-336%
|
(82)
-20%
|
(92)
-12%
|
(92)
+0%
|
(53)
+43%
|
(50)
+4%
|
|
| Operating Income | |||||||||||||||||||||||||||||
| Operating Expenses |
(4)
|
(5)
|
(6)
|
(7)
|
(8)
|
(9)
|
(13)
|
(16)
|
(24)
|
(44)
|
(57)
|
(75)
|
(111)
|
(125)
|
(134)
|
(132)
|
(106)
|
(90)
|
(85)
|
(85)
|
(92)
|
(117)
|
(180)
|
(201)
|
(154)
|
(174)
|
(105)
|
(80)
|
|
| Selling, General & Administrative |
(4)
|
(4)
|
(5)
|
(6)
|
(7)
|
(8)
|
(12)
|
(15)
|
(23)
|
(41)
|
(54)
|
(73)
|
(105)
|
(114)
|
(119)
|
(115)
|
(91)
|
(78)
|
(75)
|
(75)
|
(80)
|
(96)
|
(142)
|
(160)
|
(122)
|
(138)
|
(86)
|
(61)
|
|
| Research & Development |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
(5)
|
(6)
|
(7)
|
(5)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(3)
|
(4)
|
(1)
|
(1)
|
|
| Depreciation & Amortization |
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(4)
|
(6)
|
(9)
|
(11)
|
(10)
|
(8)
|
(7)
|
(7)
|
(8)
|
(17)
|
(33)
|
(36)
|
(29)
|
(32)
|
(18)
|
(18)
|
|
| 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
|
0
|
0
|
0
|
0
|
|
| Operating Income |
(3)
N/A
|
(3)
-2%
|
(4)
-21%
|
(6)
-45%
|
(7)
-11%
|
(9)
-36%
|
(12)
-38%
|
(14)
-17%
|
(22)
-49%
|
(39)
-79%
|
(45)
-18%
|
(58)
-29%
|
(90)
-54%
|
(127)
-41%
|
(112)
+12%
|
(108)
+4%
|
(152)
-41%
|
(103)
+32%
|
(118)
-15%
|
(123)
-4%
|
(63)
+49%
|
(132)
-109%
|
(248)
-88%
|
(283)
-14%
|
(246)
+13%
|
(265)
-8%
|
(158)
+41%
|
(130)
+18%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||
| Interest Income Expense |
(1)
|
(1)
|
(1)
|
(10)
|
(10)
|
(11)
|
(16)
|
(5)
|
(5)
|
(5)
|
(1)
|
(3)
|
(3)
|
(4)
|
(12)
|
(9)
|
(19)
|
(20)
|
(27)
|
(35)
|
(28)
|
1
|
51
|
53
|
24
|
11
|
(20)
|
(19)
|
|
| Non-Reccuring Items |
1
|
1
|
1
|
2
|
4
|
7
|
6
|
7
|
4
|
6
|
11
|
24
|
3
|
(5)
|
(303)
|
(326)
|
(379)
|
(369)
|
(71)
|
(62)
|
(22)
|
(94)
|
(861)
|
(958)
|
(822)
|
(849)
|
(65)
|
(70)
|
|
| Gain/Loss on Disposition of Assets |
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
|
3
|
6
|
2
|
2
|
(4)
|
(7)
|
(3)
|
(2)
|
2
|
4
|
6
|
(2)
|
(3)
|
(3)
|
(5)
|
(69)
|
(66)
|
(70)
|
(70)
|
|
| Pre-Tax Income |
(3)
N/A
|
(3)
+14%
|
(3)
-15%
|
(15)
-345%
|
(12)
+16%
|
(14)
-12%
|
(22)
-56%
|
(12)
+45%
|
(23)
-96%
|
(34)
-47%
|
(30)
+13%
|
(35)
-20%
|
(88)
-148%
|
(141)
-61%
|
(435)
-208%
|
(447)
-3%
|
(553)
-24%
|
(491)
+11%
|
(213)
+57%
|
(214)
-1%
|
(115)
+46%
|
(228)
-98%
|
(1 061)
-365%
|
(1 193)
-12%
|
(1 112)
+7%
|
(1 169)
-5%
|
(312)
+73%
|
(289)
+7%
|
|
| Net Income | |||||||||||||||||||||||||||||
| Tax Provision |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
18
|
24
|
24
|
24
|
6
|
0
|
0
|
0
|
0
|
1
|
26
|
34
|
39
|
40
|
11
|
16
|
|
| Income from Continuing Operations |
(3)
|
(3)
|
(3)
|
(15)
|
(12)
|
(14)
|
(22)
|
(12)
|
(23)
|
(34)
|
(30)
|
(35)
|
(70)
|
(117)
|
(411)
|
(423)
|
(546)
|
(491)
|
(213)
|
(214)
|
(115)
|
(228)
|
(1 035)
|
(1 159)
|
(1 074)
|
(1 130)
|
(301)
|
(273)
|
|
| Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
6
|
0
|
0
|
0
|
|
| Net Income (Common) |
(3)
N/A
|
(3)
+14%
|
(3)
-15%
|
(15)
-345%
|
(12)
+16%
|
(14)
-12%
|
(22)
-56%
|
(12)
+45%
|
(23)
-96%
|
(34)
-47%
|
(30)
+13%
|
(35)
-20%
|
(70)
-97%
|
(117)
-68%
|
(411)
-252%
|
(423)
-3%
|
(546)
-29%
|
(491)
+10%
|
(213)
+57%
|
(214)
-1%
|
(115)
+47%
|
(228)
-99%
|
(1 035)
-355%
|
(1 159)
-12%
|
(1 068)
+8%
|
(1 124)
-5%
|
(295)
+74%
|
(267)
+9%
|
|
| EPS (Diluted) |
-0.34
N/A
|
-0.29
+15%
|
-0.21
+28%
|
-0.87
-314%
|
-0.85
+2%
|
-0.72
+15%
|
-0.93
-29%
|
-0.26
+72%
|
-0.7
-169%
|
-0.69
+1%
|
-0.54
+22%
|
-0.67
-24%
|
-1.31
-96%
|
-1.81
-38%
|
-5.24
-190%
|
-5.72
-9%
|
-7.06
-23%
|
-4.03
+43%
|
-1.74
+57%
|
-1.75
-1%
|
-12.61
-621%
|
-12.65
0%
|
-37.21
-194%
|
-37.49
-1%
|
-38.46
-3%
|
-26.17
+32%
|
-6.86
+74%
|
-6.1
+11%
|
|