meec: the income statement

MyFinsight

For the quarter ending 2024-06-30, MEEC made $3,361,433 in revenue. -$6,159,322 in net income. Net profit margin of -183.24%.

Unit: Dollar

Income Statement	2024-06-30
Revenue	3,361,433
[cost of revenue]	2,300,833
[gross profit]	1,060,600
[selling, general and administrative expense]	4,634,110
[operating expenses]	-4,634,110
[operating income (loss)]	-3,573,510
Loss on change in fair value of profit share and unsecured note	-2,689,436
Interest income	109,787
Interest expense	5,817
[other nonoperating income (expense)]	-2,585,466
[income (loss) from continuing operations before income taxes, noncontrolling interest]	-6,158,976
Provision for income taxes	-346
Net loss	-6,159,322

Basic & diluted eps	-0.07
Basic & diluted average shares	94,477,368