World Scan Project, Inc. Income Statement
WDSP|5 years of annual SEC 10-K data (FY2020-FY2024)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 5 fiscal years. All figures from audited SEC 10-K filings.
At a glance
Revenue
$25M
FY2024
Gross Profit
$8M
30.2% gross margin
Operating Income
N/A
FY2024
Net Income
-$768,431
FY2024
World Scan Project, Inc. reported $25M in revenue and $768,431 in net loss for FY2024. Revenue has grown at a 50.2% compound annual rate over the past 4 years.
Based on SEC 10-K filings.
Key Data Points
- Piotroski F-Score: 2/9 criteria passed
- Currently unprofitable: Net income is negative
- Accrual-heavy earnings: Net income significantly exceeds operating cash flow
- Altman Z-Score 2.19 (gray zone, between 1.23 and 2.9)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $25.2M | $288.1K | $14.5M | $11.8M | $5.0M |
| Cost of Revenue | $17.6M | $135.3K | $11.3M | $5.0M | $1.7M |
| Gross Profit | $7.6M | $30.9M | $18.1M | $6.8M | $3.3M |
| SG&A Expense | $6.3M | $17.6M | $4.3M | $3.5M | $1.5M |
| R&D Expense | - | $18.7M | - | - | - |
| Operating Income | - | - | - | - | $2.0M |
| Income Tax | $2.5K | -$2.1M | $4.9M | $1.3M | $714.9K |
| Net Income | -$768.4K | -$3.4M | $8.9M | $2.3M | $1.3M |
| EPS (Basic) | -$0.32 | $0.84 | $0.22 | $0.13 | $0.00 |
| EPS (Diluted) | -$0.17 | $0.43 | $0.11 | $0.07 | $0.00 |
| Shares Outstanding | 20.7M | 20.6M | 10.6M | 20.1M | 10.0M |
| Gross Margin | 30.2% | 10708.9% | 124.8% | 57.5% | 66.1% |
| Operating Margin | - | - | - | - | 41.0% |
| Profit Margin | -3.0% | -1185.9% | 61.4% | 19.7% | 26.5% |