Recon Historical Income Statement
| RCON Stock | USD 3.08 0.02 0.65% |
Historical analysis of Recon Technology income statement accounts such as Total Revenue of 57.4 M, Gross Profit of 16.8 M, Other Operating Expenses of 102.6 M or Cost Of Revenue of 55.8 M can show how well Recon Technology performed in making a profits. Evaluating Recon Technology income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Recon Technology's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Recon Technology 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 Recon Technology is a good buy for the upcoming year.
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About Recon Income Statement Analysis
Recon Technology 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 Recon Technology shareholders. The income statement also shows Recon 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).
Recon Technology Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Recon Technology 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 Recon Technology minus its cost of goods sold. It is profit before Recon Technology 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.Cost Of Revenue
Cost of Revenue is found on Recon Technology income statement and represents the costs associated with goods and services Recon Technology 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 Recon Technology's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Recon Technology 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Recon Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. To learn how to invest in Recon Stock, please use our How to Invest in Recon Technology guide.At this time, Recon Technology's Net Income Applicable To Common Shares is very stable compared to the past year. As of the 22nd of September 2024, Minority Interest is likely to grow to about 3.9 M, while Selling And Marketing Expenses is likely to drop about 9.1 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 1.5M | 2.5M | 2.9M | 3.0M | Depreciation And Amortization | 6.5M | 6.9M | 8.0M | 8.4M |
Recon Technology income statement Correlations
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Recon Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Recon Technology income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 3.0M | 5.0M | 6.5M | 6.9M | 8.0M | 8.4M | |
| Interest Expense | 1.5M | 2.2M | 1.5M | 2.5M | 2.9M | 3.0M | |
| Selling General Administrative | 26.1M | 45.9M | 83.3M | 76.8M | 88.3M | 92.7M | |
| Selling And Marketing Expenses | 4.4M | 8.0M | 10.2M | 10.6M | 9.6M | 9.1M | |
| Total Revenue | 65.1M | 47.9M | 83.8M | 67.1M | 60.4M | 57.4M | |
| Gross Profit | 19.6M | 7.2M | 19.4M | 18.9M | 17.0M | 16.8M | |
| Other Operating Expenses | 84.1M | 108.4M | 166.1M | 135.1M | 155.4M | 102.6M | |
| Operating Income | (19.0M) | (60.5M) | (82.3M) | (69.3M) | (62.4M) | (59.3M) | |
| Ebit | (18.4M) | (58.6M) | (76.9M) | (54.3M) | (48.9M) | (46.4M) | |
| Ebitda | (15.4M) | (53.6M) | (70.4M) | (47.4M) | (42.6M) | (40.5M) | |
| Cost Of Revenue | 45.5M | 40.7M | 64.4M | 48.2M | 55.5M | 55.8M | |
| Total Operating Expenses | 38.6M | 67.7M | 101.7M | 86.9M | 99.9M | 104.9M | |
| Income Before Tax | (19.8M) | (26.4M) | 93.7M | (61.5M) | (55.3M) | (52.5M) | |
| Total Other Income Expense Net | (873.6K) | 34.1M | 176.0M | (4.5M) | (5.2M) | (5.0M) | |
| Net Income | (20.1M) | (25.9M) | 95.6M | (59.2M) | (53.3M) | (50.6M) | |
| Income Tax Expense | 282.3K | (524.3K) | (613.9K) | 18.3K | 21.1K | 22.1K | |
| Net Income Applicable To Common Shares | (25.4M) | (19.2M) | (22.8M) | 95.6M | 109.9M | 115.4M | |
| Minority Interest | 10.6M | 3.0M | 1.3M | 2.3M | 2.7M | 3.9M | |
| Research Development | 7.0M | 5.8M | 9.0M | 8.8M | 10.1M | 5.4M | |
| Net Income From Continuing Ops | (20.1M) | (25.9M) | 94.3M | (61.5M) | (70.7M) | (67.2M) | |
| Tax Provision | 282.3K | (524.3K) | (613.9K) | 18.3K | 21.1K | 22.1K | |
| Interest Income | 54.7K | 918.6K | 5.6M | 13.6M | 15.6M | 16.4M | |
| Net Interest Income | (1.4M) | (1.3M) | 4.0M | 11.1M | 12.8M | 13.4M | |
| Reconciled Depreciation | 3.0M | 5.0M | 6.5M | 6.9M | 8.0M | 8.4M |
Pair Trading with Recon Technology
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 Recon Technology 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 Recon Technology will appreciate offsetting losses from the drop in the long position's value.Moving against Recon Stock
| 0.92 | ENSV | Enservco | PairCorr |
| 0.87 | DWSN | Dawson Geophysical | PairCorr |
| 0.87 | DTI | Drilling Tools Inter | PairCorr |
| 0.86 | XPRO | Expro Group Holdings Sell-off Trend | PairCorr |
| 0.83 | WFRD | Weatherford International | PairCorr |
The ability to find closely correlated positions to Recon Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Recon Technology 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 Recon Technology - 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 Recon Technology to buy it.
The correlation of Recon Technology 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 Recon Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Recon Technology 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 Recon Technology 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.Additional Information and Resources on Investing in Recon Stock
When determining whether Recon Technology offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Recon Technology's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Recon Technology Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Recon Technology Stock:Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Recon Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. To learn how to invest in Recon Stock, please use our How to Invest in Recon Technology guide.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Is Oil & Gas Equipment & Services space 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 Recon Technology. If investors know Recon 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 Recon Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.41) | Revenue Per Share 29.273 | Quarterly Revenue Growth (0.01) | Return On Assets (0.1) | Return On Equity (0.13) |
The market value of Recon Technology is measured differently than its book value, which is the value of Recon that is recorded on the company's balance sheet. Investors also form their own opinion of Recon Technology's value that differs from its market value or its book value, called intrinsic value, which is Recon Technology'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 Recon Technology's market value can be influenced by many factors that don't directly affect Recon Technology'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 Recon Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Recon Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Recon Technology'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.