Grom Historical Income Statement
| GROM Stock | USD 0.48 0.01 2.04% |
Historical analysis of Grom Social income statement accounts such as Gross Profit of 737.2 K or Other Operating Expenses of 10.8 M can show how well Grom Social Enterprises performed in making a profits. Evaluating Grom Social income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Grom Social's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Grom Social Enterprises 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 Grom Social Enterprises is a good buy for the upcoming year.
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About Grom Income Statement Analysis
Grom Social Enterprises 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 Grom Social shareholders. The income statement also shows Grom 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).
Grom Social Income Statement Chart
Grom Social Enterprises Income Statement is one of the three primary financial statements used for reporting Grom's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Grom Social Enterprises revenue and expense. Grom Social Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Grom Social's Total Revenue is very stable compared to the past year. As of the 2nd of June 2024, Cost Of Revenue is likely to grow to about 3.4 M, while Gross Profit is likely to drop about 737.2 K. Add Fundamental
Total Revenue
Total revenue comprises all receipts Grom Social Enterprises 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 Grom Social Enterprises minus its cost of goods sold. It is profit before Grom Social 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 Grom Social Enterprises. It is also known as Grom Social 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 Grom Social's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Grom Social Enterprises 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Grom Social Enterprises. 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, Grom Social's Total Revenue is very stable compared to the past year. As of the 2nd of June 2024, Cost Of Revenue is likely to grow to about 3.4 M, while Gross Profit is likely to drop about 737.2 K.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.6M | 1.8M | 776.0K | 737.2K | Total Revenue | 6.3M | 5.4M | 4.0M | 5.8M |
Grom Social income statement Correlations
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Grom Social Account Relationship Matchups
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Grom Social income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Selling General Administrative | 6.1M | 5.1M | 8.6M | 8.8M | 9.2M | 6.9M | |
| Total Revenue | 8.3M | 6.2M | 6.3M | 5.4M | 4.0M | 5.8M | |
| Gross Profit | 3.7M | 2.8M | 2.6M | 1.8M | 776.0K | 737.2K | |
| Other Operating Expenses | 11.3M | 9.1M | 12.8M | 12.8M | 12.5M | 10.8M | |
| Operating Income | (3.0M) | (2.9M) | (6.5M) | (7.3M) | (8.4M) | (8.0M) | |
| Ebit | (3.0M) | (2.9M) | (6.5M) | (7.3M) | (8.4M) | (8.0M) | |
| Ebitda | (1.7M) | (2.0M) | (5.5M) | (6.2M) | (7.5M) | (7.1M) | |
| Cost Of Revenue | 4.6M | 3.4M | 3.7M | 3.7M | 3.3M | 3.4M | |
| Total Operating Expenses | 6.7M | 5.7M | 9.1M | 9.1M | 9.2M | 7.4M | |
| Income Before Tax | (4.6M) | (6.0M) | (10.2M) | (16.3M) | (13.9M) | (13.2M) | |
| Total Other Income Expense Net | (1.6M) | (3.1M) | (3.7M) | (9.0M) | (5.5M) | (5.2M) | |
| Net Income | (4.6M) | (5.7M) | (10.2M) | (16.8M) | (12.5M) | (11.9M) | |
| Tax Provision | 35.4K | (224.0K) | 21.0K | 446.2K | 513.1K | 538.8K | |
| Interest Income | 659.3K | 1.0M | 1.7M | 1.3M | 1.5M | 1.3M | |
| Depreciation And Amortization | 1.3M | 896.9K | 989.7K | 1.2M | 989.6K | 1.0M | |
| Interest Expense | 1.7M | 1.4M | 2.6M | 3.3M | 554.7K | 527.0K | |
| Net Income Applicable To Common Shares | (5.3M) | (6.0M) | (10.6M) | (17.1M) | (15.4M) | (14.6M) | |
| Income Tax Expense | 35.4K | (224.0K) | 21.0K | 446.2K | (18.5K) | (17.6K) | |
| Net Interest Income | (1.7M) | (1.4M) | (2.6M) | (3.3M) | (548.7K) | (576.1K) | |
| Selling And Marketing Expenses | 216.5K | 116.3K | 118.8K | 6.1M | 7.0M | 7.4M | |
| Net Income From Continuing Ops | (4.6M) | (5.7M) | (10.2M) | (16.8M) | (14.6M) | (13.9M) | |
| Reconciled Depreciation | 864.0K | 848.5K | 814.8K | 959.1K | 909.3K | 752.5K |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Grom Social Enterprises. 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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Complementary Tools for Grom Stock analysis
When running Grom Social's price analysis, check to measure Grom Social'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 Grom Social is operating at the current time. Most of Grom Social's value examination focuses on studying past and present price action to predict the probability of Grom Social's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Grom Social's price. Additionally, you may evaluate how the addition of Grom Social to your portfolios can decrease your overall portfolio volatility.
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Is Grom Social'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 Grom Social. If investors know Grom 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 Grom Social listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (8.46) | Revenue Per Share 2.496 | Quarterly Revenue Growth (0.27) | Return On Assets (0.24) | Return On Equity (0.89) |
The market value of Grom Social Enterprises is measured differently than its book value, which is the value of Grom that is recorded on the company's balance sheet. Investors also form their own opinion of Grom Social's value that differs from its market value or its book value, called intrinsic value, which is Grom Social'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 Grom Social's market value can be influenced by many factors that don't directly affect Grom Social'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 Grom Social's value and its price as these two are different measures arrived at by different means. Investors typically determine if Grom Social is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Grom Social'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.