Cronos Historical Income Statement
| CRON Stock | USD 2.41 0.01 0.41% |
Historical analysis of Cronos income statement accounts such as Total Revenue of 93.3 M, Gross Profit of 7.3 M or Other Operating Expenses of 105.2 M can show how well Cronos Group performed in making a profits. Evaluating Cronos income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Cronos's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Cronos Group 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 Cronos Group is a good buy for the upcoming year.
Cronos |
About Cronos Income Statement Analysis
Cronos Group 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 Cronos shareholders. The income statement also shows Cronos 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).
Cronos Income Statement Chart
Cronos Group Income Statement is one of the three primary financial statements used for reporting Cronos's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Cronos Group revenue and expense. Cronos Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Cronos' Minority Interest is very stable compared to the past year. As of the 18th of April 2024, Non Operating Income Net Other is likely to grow to about 235.9 M, while Other Operating Expenses is likely to drop about 105.2 M. Add Fundamental
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Cronos Group. It is also known as Cronos 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.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Cost Of Revenue
Cost of Revenue is found on Cronos Group income statement and represents the costs associated with goods and services Cronos provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Most accounts from Cronos' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Cronos Group 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Cronos Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. At this time, Cronos' Minority Interest is very stable compared to the past year. As of the 18th of April 2024, Non Operating Income Net Other is likely to grow to about 235.9 M, while Other Operating Expenses is likely to drop about 105.2 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Reconciled Depreciation | 15.4M | 13.1M | 9.6M | 8.1M | Interest Income | 9.1M | 22.5M | 46.5M | 44.2M |
Cronos income statement Correlations
Click cells to compare fundamentals
Cronos Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cronos income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 28.0M | 186K | 27K | 22.5M | 25.9M | 27.2M | |
| Total Revenue | 23.8M | 46.7M | 74.4M | 91.9M | 88.8M | 93.3M | |
| Gross Profit | (17.9M) | (25.8M) | (17.5M) | 12.0M | 7.0M | 7.3M | |
| Other Operating Expenses | 139.9M | 226.1M | 271.4M | 207.9M | 170.2M | 105.2M | |
| Operating Income | (121.5M) | (179.3M) | 6.8M | (116.0M) | (81.4M) | (77.3M) | |
| Ebit | (121.5M) | (179.3M) | 6.8M | (116.0M) | (81.4M) | (77.3M) | |
| Ebitda | (1.4B) | (160.1M) | 22.2M | (59.2M) | (73.1M) | (76.8M) | |
| Total Operating Expenses | 98.3M | 153.5M | 179.4M | 128.0M | 88.4M | 68.4M | |
| Income Before Tax | 1.2B | (73.3M) | (397.1M) | (134.6M) | (75.0M) | (71.3M) | |
| Net Income | 2.5B | (74.6M) | (396.7M) | (168.7M) | (75.2M) | (71.4M) | |
| Depreciation And Amortization | (1.3B) | 19.3M | 15.4M | 56.8M | 8.3M | 8.7M | |
| Selling General Administrative | 61.0M | 95.9M | 106.6M | 86.3M | 58.2M | 48.1M | |
| Net Income From Continuing Ops | 1.2B | (74.6M) | (396.7M) | (168.7M) | (115.0M) | (109.3M) | |
| Research Development | 12.2M | 20.4M | 23.3M | 13.4M | 6.0M | 9.2M | |
| Cost Of Revenue | 41.6M | 72.6M | 92.0M | 79.9M | 81.9M | 41.2M | |
| Total Other Income Expense Net | 1.3B | 106.1M | (403.9M) | (18.5M) | 6.4M | 6.0M | |
| Net Income Applicable To Common Shares | 1.2B | (73.1M) | (396.1M) | (168.7M) | (151.9M) | (144.3M) | |
| Income Tax Expense | (1.3B) | 1.3M | (431K) | 34.2M | (3.3M) | (3.5M) | |
| Minority Interest | (853K) | (2.1M) | (1.1M) | 282K | 326K | 342.3K | |
| Tax Provision | 0.0 | 1.3M | (431K) | 34.2M | 29.1M | 30.6M | |
| Net Interest Income | (4.2M) | 18.4M | 9.1M | 22.5M | 46.5M | 48.9M | |
| Interest Income | 1.3B | 18.6M | 9.1M | 22.5M | 46.5M | 44.2M | |
| Reconciled Depreciation | 3.9M | 7.0M | 15.4M | 13.1M | 9.6M | 8.1M | |
| Selling And Marketing Expenses | 23.0M | 34.4M | 44.9M | 22.3M | 22.7M | 27.6M |
Cronos Investors Sentiment
The influence of Cronos' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Cronos. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Cronos' public news can be used to forecast risks associated with an investment in Cronos. The trend in average sentiment can be used to explain how an investor holding Cronos can time the market purely based on public headlines and social activities around Cronos Group. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Cronos' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Cronos' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Cronos' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Cronos.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Cronos in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Cronos' short interest history, or implied volatility extrapolated from Cronos options trading.
Pair Trading with Cronos
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 Cronos 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 Cronos will appreciate offsetting losses from the drop in the long position's value.Moving together with Cronos Stock
| 0.64 | YS | YS Biopharma Report 22nd of April 2024 | PairCorr |
Moving against Cronos Stock
| 0.72 | DRUG | Bright Minds Biosciences | PairCorr |
| 0.7 | CDIOW | Cardio Diagnostics | PairCorr |
| 0.68 | VCYT | Veracyte Financial Report 2nd of May 2024 | PairCorr |
| 0.55 | KA | Kineta Inc Financial Report 9th of May 2024 | PairCorr |
| 0.55 | DMTK | DermTech Financial Report 2nd of May 2024 | PairCorr |
The ability to find closely correlated positions to Cronos could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cronos 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 Cronos - 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 Cronos Group to buy it.
The correlation of Cronos 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 Cronos moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cronos Group 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 Cronos 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cronos Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Complementary Tools for Cronos Stock analysis
When running Cronos' price analysis, check to measure Cronos' 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 Cronos is operating at the current time. Most of Cronos' value examination focuses on studying past and present price action to predict the probability of Cronos' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cronos' price. Additionally, you may evaluate how the addition of Cronos to your portfolios can decrease your overall portfolio volatility.
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories |
Is Cronos' 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 Cronos. If investors know Cronos 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 Cronos 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 0.144 | Earnings Share (0.30) | Revenue Per Share 0.229 | Quarterly Revenue Growth 0.085 | Return On Assets (0.04) |
The market value of Cronos Group is measured differently than its book value, which is the value of Cronos that is recorded on the company's balance sheet. Investors also form their own opinion of Cronos' value that differs from its market value or its book value, called intrinsic value, which is Cronos' 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 Cronos' market value can be influenced by many factors that don't directly affect Cronos' 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 Cronos' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cronos is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cronos' 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.