For the quarter ending 2024-09-30, ICCRW made $2,787,999 in revenue. -$6,660,327 in net income. Net profit margin of -238.89%.
| Income Statement | 2024-09-30 | 2024-06-30 | ||
|---|---|---|---|---|
| Revenue, net | 2,787,999 | 3,087,900 | ||
| Cost of sales | 826,990 | 606,617 | ||
| Gross profit | 1,961,009 | 2,481,283 | ||
| Depreciation and amortization | 806,509 | 781,890 | ||
| Selling, general and administrative | 3,354,831 | 9,187,200 | ||
| Operating expenses | 4,161,340 | 9,969,090 | ||
| Operating loss | -2,200,331 | -7,487,807 | ||
| Other expense | -12,000 | - | ||
| Change in fair value of forward purchase agreement | -2,946,604 | -2,462,673 | ||
| Payments of principal and interest | 632,800 | 443,288 | ||
| Interest | 223,060 | 501,646 | ||
| Other nonoperating income (expense) | -3,790,464 | -3,407,607 | ||
| Net loss | -5,990,795 | -10,895,414 | ||
| Dividends, preferred stock | 669,532 | 447,999 | ||
| Net income (loss) available to common stockholders, basic | -6,660,327 | -11,343,413 | ||
| Basic & diluted average shares | - | 10,272,141 | ||
| Basic & diluted eps | -0.61 | -1.1 | ||
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