8x8 Historical Income Statement
| EGHT Stock | USD 2.33 0.14 5.67% |
Historical analysis of 8x8 Common income statement accounts such as Total Revenue of 898.3 M or Gross Profit of 606.7 M can show how well 8x8 Common Stock performed in making a profits. Evaluating 8x8 Common income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of 8x8 Common's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining 8x8 Common Stock 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 8x8 Common Stock is a good buy for the upcoming year.
8x8 |
About 8x8 Income Statement Analysis
8x8 Common Stock 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 8x8 Common shareholders. The income statement also shows 8x8 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).
8x8 Common Income Statement Chart
8x8 Common Stock Income Statement is one of the three primary financial statements used for reporting 8x8's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of 8x8 Common Stock revenue and expense. 8x8 Common Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, 8x8 Common's Income Tax Expense is comparatively stable compared to the past year. Selling General Administrative is likely to gain to about 133.6 M in 2024, whereas EBITDA is likely to drop (13.2 M) in 2024. Add Fundamental
Total Revenue
Total revenue comprises all receipts 8x8 Common Stock 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 8x8 Common Stock minus its cost of goods sold. It is profit before 8x8 Common 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 8x8 Common Stock. It is also known as 8x8 Common 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 8x8 Common's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into 8x8 Common Stock 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 8x8 Common Stock. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. At this time, 8x8 Common's Income Tax Expense is comparatively stable compared to the past year. Selling General Administrative is likely to gain to about 133.6 M in 2024, whereas EBITDA is likely to drop (13.2 M) in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 390.6M | 502.5M | 577.8M | 606.7M | Total Revenue | 638.1M | 743.9M | 855.5M | 898.3M |
8x8 Common income statement Correlations
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8x8 Common Account Relationship Matchups
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8x8 Common income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 37.2M | 45.1M | 48.6M | 52.3M | 60.1M | 63.1M | |
| Interest Expense | 11.7M | 18.7M | 21.6M | 4.0M | 4.7M | 4.9M | |
| Total Revenue | 446.2M | 532.3M | 638.1M | 743.9M | 855.5M | 898.3M | |
| Gross Profit | 245.0M | 302.2M | 390.6M | 502.5M | 577.8M | 606.7M | |
| Other Operating Expenses | 606.1M | 678.5M | 792.3M | 810.2M | 931.8M | 978.4M | |
| Operating Income | (159.8M) | (146.1M) | (154.1M) | (66.3M) | (59.7M) | (56.7M) | |
| Ebit | (159.8M) | (146.1M) | (154.1M) | (66.3M) | (59.7M) | (56.7M) | |
| Research Development | 77.8M | 92.0M | 112.4M | 146.2M | 168.2M | 176.6M | |
| Ebitda | (122.6M) | (101.0M) | (105.6M) | (14.0M) | (12.6M) | (13.2M) | |
| Cost Of Revenue | 201.2M | 230.2M | 247.6M | 241.5M | 277.7M | 291.6M | |
| Total Operating Expenses | 404.8M | 448.3M | 544.7M | 568.8M | 654.1M | 686.8M | |
| Income Before Tax | (171.5M) | (164.7M) | (175.8M) | (70.3M) | (63.3M) | (60.1M) | |
| Total Other Income Expense Net | (11.7M) | (18.6M) | (21.6M) | (4.0M) | (3.6M) | (3.8M) | |
| Net Income | (172.4M) | (165.6M) | (175.4M) | (73.1M) | (65.8M) | (62.5M) | |
| Income Tax Expense | 832K | 843K | (387K) | 2.8M | 3.2M | 3.4M | |
| Selling General Administrative | 87.0M | 100.1M | 118.1M | 110.7M | 127.2M | 133.6M | |
| Net Income Applicable To Common Shares | (172.4M) | (165.6M) | (175.4M) | (73.1M) | (65.8M) | (69.1M) | |
| Selling And Marketing Expenses | 240.0M | 256.2M | 314.2M | 311.9M | 358.7M | 376.6M | |
| Net Income From Continuing Ops | (172.4M) | (165.6M) | (175.4M) | (73.1M) | (65.8M) | (69.1M) | |
| Non Operating Income Net Other | (11.7M) | (18.6M) | (21.6M) | (4.0M) | (3.6M) | (3.8M) | |
| Tax Provision | 832K | 843K | (387K) | 2.8M | 2.5M | 2.4M | |
| Reconciled Depreciation | 37.2M | 45.1M | 48.6M | 52.3M | 60.1M | 41.0M |
Pair Trading with 8x8 Common
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 8x8 Common 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 8x8 Common will appreciate offsetting losses from the drop in the long position's value.Moving together with 8x8 Stock
| 0.62 | U | Unity Software Financial Report 8th of May 2024 | PairCorr |
| 0.76 | DT | Dynatrace Holdings LLC Financial Report 15th of May 2024 | PairCorr |
Moving against 8x8 Stock
| 0.49 | ML | MoneyLion Financial Report 14th of May 2024 | PairCorr |
The ability to find closely correlated positions to 8x8 Common could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 8x8 Common 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 8x8 Common - 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 8x8 Common Stock to buy it.
The correlation of 8x8 Common 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 8x8 Common moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 8x8 Common Stock 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 8x8 Common 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in 8x8 Common Stock. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. Note that the 8x8 Common Stock information on this page should be used as a complementary analysis to other 8x8 Common's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Complementary Tools for 8x8 Stock analysis
When running 8x8 Common's price analysis, check to measure 8x8 Common'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 8x8 Common is operating at the current time. Most of 8x8 Common's value examination focuses on studying past and present price action to predict the probability of 8x8 Common's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 8x8 Common's price. Additionally, you may evaluate how the addition of 8x8 Common to your portfolios can decrease your overall portfolio volatility.
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Is 8x8 Common'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 8x8 Common. If investors know 8x8 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 8x8 Common listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.45) | Revenue Per Share 6.179 | Quarterly Revenue Growth 0.174 | Return On Assets (0) | Return On Equity (0.54) |
The market value of 8x8 Common Stock is measured differently than its book value, which is the value of 8x8 that is recorded on the company's balance sheet. Investors also form their own opinion of 8x8 Common's value that differs from its market value or its book value, called intrinsic value, which is 8x8 Common'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 8x8 Common's market value can be influenced by many factors that don't directly affect 8x8 Common'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 8x8 Common's value and its price as these two are different measures arrived at by different means. Investors typically determine if 8x8 Common is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 8x8 Common'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.