Northann Corp. Income Statement
NCL|2 years of annual SEC 10-K data (FY2023-FY2024)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 2 fiscal years. All figures from audited SEC 10-K filings.
At a glance
Revenue
$15M
FY2024
Gross Profit
$4M
25.9% gross margin
Operating Income
-$2M
FY2024
Net Income
-$4M
FY2024
Northann Corp. reported $15M in revenue and $4M in net loss for FY2024. Revenue increased 9.9% from FY2023 to FY2024.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score NaN (distress zone, below 1.23 threshold)
- Currently unprofitable: Net income is negative
- Cash-backed earnings: Operating cash flow exceeds net income
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2024 | FY2023 |
|---|---|---|
| Revenue | $15.3M | $14.0M |
| Cost of Revenue | $11.4M | $12.7M |
| Gross Profit | $4.0M | $1.2M |
| SG&A Expense | $3.8M | $2.9M |
| R&D Expense | $783.4K | $1.9M |
| Operating Income | -$1.7M | -$4.8M |
| Interest Expense | - | $1.7M |
| Income Tax | $1.7K | $14.4K |
| Net Income | -$4.4M | -$7.1M |
| EPS (Basic) | -$0.35 | $0.05 |
| EPS (Diluted) | -$0.35 | $0.05 |
| Shares Outstanding | 21.4M | 20.0M |
| Gross Margin | 25.9% | 8.7% |
| Operating Margin | -10.9% | -34.1% |
| Profit Margin | -28.5% | -51.0% |