Edgio Historical Income Statement
EGIO Stock | USD 0.02 0.00 0.00% |
Historical analysis of Edgio income statement accounts such as Total Revenue of 423.8 M or Gross Profit of 63.6 M can show how well Edgio Inc performed in making a profits. Evaluating Edgio income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Edgio's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Edgio Inc 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 Edgio Inc is a good buy for the upcoming year.
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About Edgio Income Statement Analysis
Edgio Inc 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 Edgio shareholders. The income statement also shows Edgio 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).
Edgio Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Edgio Inc 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 Edgio Inc minus its cost of goods sold. It is profit before Edgio 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 Edgio Inc. It is also known as Edgio 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.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Most accounts from Edgio's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Edgio Inc 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 Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. At this time, Edgio's Interest Expense is very stable compared to the past year. As of the 28th of December 2024, Selling General Administrative is likely to grow to about 138.1 M, while Selling And Marketing Expenses is likely to drop about 37.7 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 60.0M | 107.5M | 117.6M | 63.6M | Total Revenue | 217.6M | 338.6M | 403.6M | 423.8M |
Edgio income statement Correlations
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Edgio Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Edgio income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Depreciation And Amortization | 20.1M | 23.2M | 26.9M | 42.9M | 49.3M | 51.8M | |
Selling And Marketing Expenses | 43.1M | 42.9M | 30.1M | 48.8M | 56.1M | 37.7M | |
Total Revenue | 200.6M | 230.2M | 217.6M | 338.6M | 403.6M | 423.8M | |
Gross Profit | 81.5M | 83.1M | 60.0M | 107.5M | 117.6M | 63.6M | |
Other Operating Expenses | 216.4M | 244.6M | 253.9M | 440.2M | 506.2M | 531.6M | |
Operating Income | (15.2M) | (14.7M) | (36.3M) | (101.6M) | (117.1M) | (111.2M) | |
Ebit | (15.2M) | (17.3M) | (54.6M) | (105.3M) | (94.8M) | (90.0M) | |
Research Development | 22.5M | 21.7M | 22.0M | 83.7M | 85.2M | 89.4M | |
Ebitda | 4.8M | 5.9M | (27.7M) | (62.4M) | (56.1M) | (53.3M) | |
Cost Of Revenue | 119.1M | 147.1M | 157.7M | 231.1M | 286.0M | 300.3M | |
Total Operating Expenses | 97.3M | 97.5M | 96.2M | 209.2M | 520.6M | 546.7M | |
Income Before Tax | (15.3M) | (18.6M) | (55.9M) | (157.6M) | (142.5M) | (135.4M) | |
Total Other Income Expense Net | 431K | (3.9M) | (12.6M) | (44.5M) | (20.1M) | (19.1M) | |
Net Income | (16.0M) | (19.3M) | (57.1M) | (136.5M) | (141.7M) | (134.6M) | |
Income Tax Expense | 750K | 645K | 1.2M | (21.1M) | (19.0M) | (18.0M) | |
Selling General Administrative | 30.8M | 31.3M | 41.4M | 62.0M | 131.5M | 138.1M | |
Tax Provision | 750K | 645K | 1.2M | (21.1M) | (873K) | (916.7K) | |
Net Interest Income | 351K | (3.9M) | (5.1M) | (5.6M) | (5.4M) | (5.1M) | |
Interest Income | 427K | 69K | 134K | 510K | 1.2M | 1.2M | |
Net Income From Continuing Ops | (16.0M) | (19.3M) | (54.8M) | (136.5M) | (141.7M) | (134.6M) | |
Reconciled Depreciation | 20.1M | 23.2M | 25.3M | 42.9M | 39.2M | 31.0M |
Pair Trading with Edgio
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Edgio position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Edgio will appreciate offsetting losses from the drop in the long position's value.Moving against Edgio Stock
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The ability to find closely correlated positions to Edgio could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Edgio when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Edgio - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Edgio Inc to buy it.
The correlation of Edgio is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Edgio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Edgio Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Edgio can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Application Software space 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 Edgio. If investors know Edgio 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 Edgio listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (26.00) | Revenue Per Share 72.469 | Quarterly Revenue Growth (0.12) | Return On Assets (0.14) | Return On Equity (0.63) |
The market value of Edgio Inc is measured differently than its book value, which is the value of Edgio that is recorded on the company's balance sheet. Investors also form their own opinion of Edgio's value that differs from its market value or its book value, called intrinsic value, which is Edgio'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 Edgio's market value can be influenced by many factors that don't directly affect Edgio'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 Edgio's value and its price as these two are different measures arrived at by different means. Investors typically determine if Edgio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Edgio'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.