For the quarter ending 2024-09-30, CIPI made $4,540,082 in revenue. -$2,294,469 in net income. Net profit margin of -50.54%.
| Income Statement | 2024-09-30 | 2024-06-30 | ||
|---|---|---|---|---|
| Revenues | 4,540,082 | 1,863,242 | ||
| Cost of revenues | 4,632,496 | 2,581,146 | ||
| Gross profit | -92,414 | -717,904 | ||
| Depreciation and amortization | 92,170 | 92,170 | ||
| Legal and professional | 426,814 | 298,963 | ||
| Stock-based compensation | 328,025 | 353,020 | ||
| General and administrative | 730,764 | 1,010,913 | ||
| Operating expenses | 1,577,773 | 1,755,066 | ||
| Operating income (loss) | -1,670,187 | -2,472,970 | ||
| Other income | 1,209 | 3,194 | ||
| Loss on settlement of liabilities | - | 16,861,344 | ||
| Loss on disposition of assets | -132,497 | - | ||
| Financing costs | -230,000 | -40,000 | ||
| Amortization of debt discount | 242,675 | 2,681,275 | ||
| Interest expense, operating and nonoperating | 20,319 | 173,271 | ||
| [other nonoperating income (expense)] | - | -19,752,696 | ||
| Nonoperating income (expense) | -624,282 | - | ||
| Net loss | -2,294,469 | -22,225,666 | ||
| Basic eps | - | -0.5 | ||
| Basic average shares | - | 44,054,993 | ||
| Diluted eps | -0.04 | - | ||
| Diluted average shares | 61,507,189 | - | ||
Correlate Energy Corp. (CIPI)
Correlate Energy Corp. (CIPI)