Resonate Blends, Inc. Income Statement
KOAN|9 years of annual SEC 10-K data (FY2014-FY2024)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 9 fiscal years. All figures from audited SEC 10-K filings.
At a glance
Revenue
$2M
FY2024
Gross Profit
$1M
65.2% gross margin
Operating Income
-$2M
FY2024
Net Income
-$2M
FY2024
Resonate Blends, Inc. reported $2M in revenue and $2M in net loss for FY2024. Revenue has grown at a 18.7% compound annual rate over the past 10 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score -16.83 (distress zone, below 1.23 threshold)
- Negative shareholders equity: Liabilities exceed assets
- 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 | FY2022 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.9M | $16.5K | $49.5K | $1.1M | $1.1M | $943.7K | $458.3K | $116.3K | $342.3K |
| Cost of Revenue | $660.0K | $114.1K | $33.1K | $392.7K | $314.6K | $317.3K | $103.1K | $116.3K | $153.8K |
| Gross Profit | $1.2M | -$97.7K | $16.4K | $657.5K | $751.8K | $626.4K | $355.2K | $201.1K | $188.5K |
| SG&A Expense | $1.2M | $187.7K | $210.1K | $181.9K | $132.9K | $114.8K | $1.2M | $3.2M | $426.8K |
| R&D Expense | $61.9K | - | - | - | - | - | - | - | - |
| Operating Income | -$1.7M | -$399.2K | -$1.4M | -$3.2M | -$306.7K | -$6.5M | -$910.6K | -$3.0M | -$238.3K |
| Interest Expense | - | - | - | $77.6K | - | - | - | - | - |
| Net Income | -$2.1M | -$1.4M | $653.6K | -$3.7M | -$339.8K | -$7.6M | -$3.3M | -$3.6M | -$456.5K |
| EPS (Basic) | -$0.02 | $0.01 | -$0.16 | - | - | - | - | - | - |
| EPS (Diluted) | -$0.02 | $0.01 | - | -$0.08 | -$4.26 | -$25.18 | -$0.04 | -$0.01 | $0.00 |
| Shares Outstanding | 86.6M | 75.4M | 45.0M | 2.4M | 2.4M | 199.4K | 109.5M | 77.4M | 67.1M |
| Gross Margin | 65.2% | -593.1% | 33.2% | 62.6% | 70.5% | 66.4% | 77.5% | 172.9% | 55.1% |
| Operating Margin | -89.5% | -2424.2% | -2806.8% | -302.6% | -28.8% | -693.9% | -198.7% | -2585.1% | -69.6% |
| Profit Margin | -112.5% | -8598.4% | 1320.4% | -349.4% | -31.9% | -810.5% | -725.3% | -3055.3% | -133.4% |