Electromed Historical Income Statement

ELMD Stock  USD 16.41  0.15  0.92%   
Historical analysis of Electromed income statement accounts such as Selling General Administrative of 38.2 M or Total Revenue of 58 M can show how well Electromed performed in making a profits. Evaluating Electromed income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Electromed's future profits or losses.
 
Credit Downgrade
 
Yuan Drop
 
Covid
Financial Statement Analysis is much more than just reviewing and examining Electromed latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Electromed is a good buy for the upcoming year.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Electromed. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
For information on how to trade Electromed Stock refer to our How to Trade Electromed Stock guide.

About Electromed Income Statement Analysis

Electromed Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Electromed shareholders. The income statement also shows Electromed investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Electromed Income Statement Chart

Electromed Income Statement is one of the three primary financial statements used for reporting Electromed's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Electromed revenue and expense. Electromed Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Electromed's Total Revenue is projected to increase significantly based on the last few years of reporting. The current year's Gross Profit is expected to grow to about 44.1 M, whereas Interest Expense is forecasted to decline to about 85.2 K.

Total Revenue

Total revenue comprises all receipts Electromed generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Electromed minus its cost of goods sold. It is profit before Electromed operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Electromed. It is also known as Electromed overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most accounts from Electromed's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Electromed current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Electromed. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
For information on how to trade Electromed Stock refer to our How to Trade Electromed Stock guide.At present, Electromed's Total Revenue is projected to increase significantly based on the last few years of reporting. The current year's Gross Profit is expected to grow to about 44.1 M, whereas Interest Expense is forecasted to decline to about 85.2 K.
 2021 2022 2023 2024 (projected)
Interest Expense25K78K89.7K85.2K
Depreciation And Amortization628K613K705.0K669.7K

Electromed income statement Correlations

0.220.270.280.290.260.420.42-0.070.480.240.260.430.760.340.670.40.350.56-0.220.370.30.070.07
0.22-0.02-0.05-0.02-0.060.090.09-0.340.1-0.14-0.030.070.080.010.24-0.070.010.27-0.370.040.22-0.1-0.1
0.27-0.021.00.991.00.620.620.520.620.981.00.770.740.770.550.790.770.63-0.340.81-0.710.690.69
0.28-0.051.01.01.00.670.670.540.670.981.00.810.750.810.580.780.810.65-0.370.82-0.710.670.67
0.29-0.020.991.00.990.70.70.540.70.970.990.830.760.830.610.770.830.69-0.40.83-0.690.660.66
0.26-0.061.01.00.990.60.60.550.60.991.00.750.740.750.520.80.750.6-0.320.79-0.730.680.68
0.420.090.620.670.70.61.00.41.00.550.610.950.640.930.860.340.930.87-0.570.72-0.320.30.3
0.420.090.620.670.70.61.00.41.00.550.610.950.640.930.860.340.930.87-0.570.72-0.320.30.3
-0.07-0.340.520.540.540.550.40.40.380.560.540.40.450.420.280.290.420.25-0.40.5-0.620.190.19
0.480.10.620.670.70.61.01.00.380.550.610.950.680.930.880.350.930.88-0.560.72-0.290.290.29
0.24-0.140.980.980.970.990.550.550.560.550.990.70.730.710.470.810.720.51-0.250.77-0.740.690.69
0.26-0.031.01.00.991.00.610.610.540.610.990.760.740.760.540.790.760.62-0.350.8-0.720.680.68
0.430.070.770.810.830.750.950.950.40.950.70.760.720.990.830.520.990.88-0.590.8-0.420.420.42
0.760.080.740.750.760.740.640.640.450.680.730.740.720.670.740.660.670.69-0.410.77-0.280.320.32
0.340.010.770.810.830.750.930.930.420.930.710.760.990.670.740.51.00.83-0.550.81-0.460.440.44
0.670.240.550.580.610.520.860.860.280.880.470.540.830.740.740.390.740.89-0.60.59-0.150.210.21
0.4-0.070.790.780.770.80.340.340.290.350.810.790.520.660.50.390.510.42-0.160.52-0.570.850.85
0.350.010.770.810.830.750.930.930.420.930.720.760.990.671.00.740.510.83-0.550.81-0.460.440.44
0.560.270.630.650.690.60.870.870.250.880.510.620.880.690.830.890.420.83-0.680.68-0.20.30.3
-0.22-0.37-0.34-0.37-0.4-0.32-0.57-0.57-0.4-0.56-0.25-0.35-0.59-0.41-0.55-0.6-0.16-0.55-0.68-0.350.30.010.01
0.370.040.810.820.830.790.720.720.50.720.770.80.80.770.810.590.520.810.68-0.35-0.360.440.44
0.30.22-0.71-0.71-0.69-0.73-0.32-0.32-0.62-0.29-0.74-0.72-0.42-0.28-0.46-0.15-0.57-0.46-0.20.3-0.36-0.6-0.6
0.07-0.10.690.670.660.680.30.30.190.290.690.680.420.320.440.210.850.440.30.010.44-0.61.0
0.07-0.10.690.670.660.680.30.30.190.290.690.680.420.320.440.210.850.440.30.010.44-0.61.0
Click cells to compare fundamentals

Electromed Account Relationship Matchups

Electromed income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization738.2K610K628K613K705.0K669.7K
Interest Expense120.7K27K25K78K89.7K85.2K
Selling General Administrative19.9M22.4M27.1M31.6M36.3M38.2M
Total Revenue32.5M35.8M41.7M48.1M55.3M58.0M
Gross Profit25.2M27.3M31.4M36.5M42.0M44.1M
Other Operating Expenses27.4M32.6M38.7M44.1M50.7M53.2M
Operating Income5.1M3.1M3.0M4.0M4.6M2.3M
Ebit5.1M3.1M3.0M4.0M4.6M2.3M
Research Development1.0M1.7M1.4M916K1.1M785.5K
Ebitda5.9M3.8M3.6M4.6M5.3M3.0M
Cost Of Revenue7.3M8.5M10.2M11.5M13.3M13.9M
Total Operating Expenses20.1M24.2M28.5M32.5M37.4M39.3M
Income Before Tax5.2M3.2M3.0M4.1M4.7M4.9M
Total Other Income Expense Net120.7K27K25K78K89.7K94.2K
Net Income Applicable To Common Shares4.2M2.4M2.3M3.2M3.6M3.8M
Net Income4.2M2.4M2.3M3.2M3.6M3.8M
Income Tax Expense1.1M805K692K920K1.1M656.1K
Net Income From Continuing Ops4.2M2.4M2.3M3.2M3.6M3.8M
Tax Provision1.1M805K692K920K1.1M954.9K
Net Interest Income120.7K39K25K78K89.7K94.2K
Reconciled Depreciation738.2K610K628K613K551.7K578.2K

Pair Trading with Electromed

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Electromed position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Electromed will appreciate offsetting losses from the drop in the long position's value.

Moving against Electromed Stock

  0.93SSY SunLink Health SystemsPairCorr
  0.86TFX Teleflex Incorporated Financial Report 2nd of May 2024 PairCorr
  0.74DYNT Dynatronics Financial Report 9th of May 2024 PairCorr
  0.68FIGS Figs Inc Financial Report 2nd of May 2024 PairCorr
  0.6MMSI Merit Medical Systems Financial Report 24th of April 2024 PairCorr
The ability to find closely correlated positions to Electromed could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Electromed when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Electromed - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Electromed to buy it.
The correlation of Electromed is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Electromed moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Electromed moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Electromed can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Electromed is a strong investment it is important to analyze Electromed's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Electromed's future performance. For an informed investment choice regarding Electromed Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Electromed. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
For information on how to trade Electromed Stock refer to our How to Trade Electromed Stock guide.
You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

Complementary Tools for Electromed Stock analysis

When running Electromed's price analysis, check to measure Electromed's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Electromed is operating at the current time. Most of Electromed's value examination focuses on studying past and present price action to predict the probability of Electromed's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Electromed's price. Additionally, you may evaluate how the addition of Electromed to your portfolios can decrease your overall portfolio volatility.
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Portfolio Comparator
Compare the composition, asset allocations and performance of any two portfolios in your account
FinTech Suite
Use AI to screen and filter profitable investment opportunities
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Top Crypto Exchanges
Search and analyze digital assets across top global cryptocurrency exchanges
Risk-Return Analysis
View associations between returns expected from investment and the risk you assume
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
AI Portfolio Architect
Use AI to generate optimal portfolios and find profitable investment opportunities
Latest Portfolios
Quick portfolio dashboard that showcases your latest portfolios
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Funds Screener
Find actively-traded funds from around the world traded on over 30 global exchanges
Technical Analysis
Check basic technical indicators and analysis based on most latest market data
Is Electromed's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Electromed. If investors know Electromed will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Electromed listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.727
Earnings Share
0.45
Revenue Per Share
6.072
Quarterly Revenue Growth
0.167
Return On Assets
0.0721
The market value of Electromed is measured differently than its book value, which is the value of Electromed that is recorded on the company's balance sheet. Investors also form their own opinion of Electromed's value that differs from its market value or its book value, called intrinsic value, which is Electromed's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Electromed's market value can be influenced by many factors that don't directly affect Electromed's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Electromed's value and its price as these two are different measures arrived at by different means. Investors typically determine if Electromed is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Electromed's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.