IRay Historical Income Statement
| 688301 Stock | 102.42 0.08 0.08% |
Historical analysis of IRay Technology income statement accounts such as Net Interest Income of 13.8 M, Interest Income of 24.7 M or Interest Expense of 26.3 M can show how well iRay Technology Co performed in making a profits. Evaluating IRay Technology income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of IRay Technology's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining iRay 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 iRay Technology is a good buy for the upcoming year.
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About IRay Income Statement Analysis
iRay 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 IRay Technology shareholders. The income statement also shows IRay 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).
IRay Technology Income Statement Chart
Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.Total Revenue
Total revenue comprises all receipts iRay 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 iRay Technology Co minus its cost of goods sold. It is profit before IRay 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.Operating Income
Operating Income is the amount of profit realized from iRay Technology operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of iRay Technology Co is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of iRay Technology Co whose combined shares represent less than 50% of the total outstanding shares issued by IRay Technology have a minority interest in IRay Technology.Most accounts from IRay Technology's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into iRay 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in iRay Technology Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At present, IRay Technology's Net Interest Income is projected to increase significantly based on the last few years of reporting. The current year's Interest Expense is expected to grow to about 26.3 M, whereas Tax Provision is forecasted to decline to about 58.2 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 2.3M | 12.4M | 25.0M | 26.3M | Interest Income | 27.5M | 34.5M | 39.8M | 24.7M |
IRay Technology income statement Correlations
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Other Information on Investing in IRay Stock
iRay 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 IRay Technology shareholders. The income statement also shows IRay 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).