Forum Historical Income Statement

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Historical analysis of Forum Energy income statement accounts such as Total Operating Expenses of 7.8 M or Income Tax Expense of 26.7 K can show how well Forum Energy Metals performed in making a profits. Evaluating Forum Energy income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Forum Energy's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining Forum Energy Metals 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 Forum Energy Metals is a good buy for the upcoming year.

Net Income Gross Profit

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Forum Energy Metals. 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.

About Forum Income Statement Analysis

Forum Energy Metals 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 Forum Energy shareholders. The income statement also shows Forum 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).

Forum Energy Income Statement Chart

At this time, Forum Energy's Depreciation And Amortization is fairly stable compared to the past year. Other Operating Expenses is likely to climb to about 7.8 M in 2024, despite the fact that EBIT is likely to grow to (5.5 M).

Depreciation And Amortization Other Operating Expenses Net Income Income Before Tax Research Development

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Forum Energy Metals. It is also known as Forum Energy 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.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Forum Energy Metals financial statement analysis. It represents the amount of money remaining after all of Forum Energy Metals operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Forum Energy income statement and is an important metric when analyzing Forum Energy Metals profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Most accounts from Forum Energy's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Forum Energy Metals 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, which includes a position in Forum Energy Metals. 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.

	2022	2023	2024 (projected)
Other Operating Expenses	6.5M	7.4M	7.8M
Depreciation And Amortization	18.9K	21.8K	22.9K

Other Operating Expenses Depreciation And Amortization

Forum Energy income statement Correlations

	Depreciation And Amortization	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Net Income	Income Tax Expense	Income Before Tax	Total Other Income Expense Net	Selling General Administrative	Selling And Marketing Expenses	Research Development	Gross Profit	Cost Of Revenue	Net Income From Continuing Ops	Net Interest Income	Interest Income	Reconciled Depreciation
Depreciation And Amortization		0.85	-0.78	-0.75	-0.75	0.95	-0.74	-0.17	-0.74	0.63	0.33	0.01	0.48	0.36	-0.36	-0.74	0.77	0.77	0.86
Other Operating Expenses	0.85		-0.97	-0.94	-0.94	0.93	-0.91	-0.27	-0.91	0.77	0.6	-0.1	0.54	-0.1	0.1	-0.8	0.89	0.89	0.85
Operating Income	-0.78	-0.97		0.97	0.97	-0.87	0.94	0.29	0.94	-0.74	-0.66	0.12	-0.52	0.18	-0.18	0.82	-0.82	-0.82	-0.75
Ebit	-0.75	-0.94	0.97		1.0	-0.84	0.84	0.51	0.84	-0.86	-0.69	0.02	-0.46	0.19	-0.19	0.77	-0.79	-0.79	-0.71
Ebitda	-0.75	-0.94	0.97	1.0		-0.84	0.84	0.51	0.84	-0.86	-0.69	0.02	-0.46	0.19	-0.2	0.77	-0.79	-0.79	-0.71
Total Operating Expenses	0.95	0.93	-0.87	-0.84	-0.84		-0.81	-0.22	-0.81	0.71	0.44	-0.02	0.51	0.28	-0.28	-0.75	0.84	0.84	0.9
Net Income	-0.74	-0.91	0.94	0.84	0.84	-0.81		-0.02	1.0	-0.48	-0.58	0.25	-0.55	0.17	-0.17	0.82	-0.76	-0.76	-0.68
Income Tax Expense	-0.17	-0.27	0.29	0.51	0.51	-0.22	-0.02		-0.03	-0.79	-0.37	-0.36	0.02	0.12	-0.12	0.11	-0.17	-0.17	-0.14
Income Before Tax	-0.74	-0.91	0.94	0.84	0.84	-0.81	1.0	-0.03		-0.48	-0.58	0.25	-0.56	0.17	-0.17	0.81	-0.76	-0.76	-0.67
Total Other Income Expense Net	0.63	0.77	-0.74	-0.86	-0.86	0.71	-0.48	-0.79	-0.48		0.56	0.19	0.27	-0.1	0.1	-0.53	0.7	0.7	0.69
Selling General Administrative	0.33	0.6	-0.66	-0.69	-0.69	0.44	-0.58	-0.37	-0.58	0.56		0.34	0.07	-0.38	0.38	-0.73	0.55	0.55	0.33
Selling And Marketing Expenses	0.01	-0.1	0.12	0.02	0.02	-0.02	0.25	-0.36	0.25	0.19	0.34		-0.68	0.22	-0.22	-0.3	-0.02	-0.02	-0.05
Research Development	0.48	0.54	-0.52	-0.46	-0.46	0.51	-0.55	0.02	-0.56	0.27	0.07	-0.68		-0.02	0.02	-0.14	0.41	0.41	0.43
Gross Profit	0.36	-0.1	0.18	0.19	0.19	0.28	0.17	0.12	0.17	-0.1	-0.38	0.22	-0.02		-1.0	0.07	-0.05	-0.05	0.2
Cost Of Revenue	-0.36	0.1	-0.18	-0.19	-0.2	-0.28	-0.17	-0.12	-0.17	0.1	0.38	-0.22	0.02	-1.0		-0.07	0.05	0.05	-0.2
Net Income From Continuing Ops	-0.74	-0.8	0.82	0.77	0.77	-0.75	0.82	0.11	0.81	-0.53	-0.73	-0.3	-0.14	0.07	-0.07		-0.75	-0.75	-0.66
Net Interest Income	0.77	0.89	-0.82	-0.79	-0.79	0.84	-0.76	-0.17	-0.76	0.7	0.55	-0.02	0.41	-0.05	0.05	-0.75		1.0	0.92
Interest Income	0.77	0.89	-0.82	-0.79	-0.79	0.84	-0.76	-0.17	-0.76	0.7	0.55	-0.02	0.41	-0.05	0.05	-0.75	1.0		0.92
Reconciled Depreciation	0.86	0.85	-0.75	-0.71	-0.71	0.9	-0.68	-0.14	-0.67	0.69	0.33	-0.05	0.43	0.2	-0.2	-0.66	0.92	0.92

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Forum Energy Account Relationship Matchups

Forum Energy income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	927.0	2.7K	3.3K	18.9K	21.8K	22.9K
Other Operating Expenses	793.2K	4.0M	5.0M	6.5M	7.4M	7.8M
Operating Income	(793.2K)	(4.1M)	(4.9M)	(6.5M)	(5.8M)	(5.5M)
Ebit	514.6K	(4.1M)	(4.9M)	(6.5M)	(5.8M)	(5.5M)
Ebitda	517.3K	(4.1M)	(4.9M)	(6.5M)	(5.8M)	(5.5M)
Total Operating Expenses	564.8K	1.3M	2.1M	6.5M	7.4M	7.8M
Net Income	(2.1M)	(3.4M)	(4.6M)	(5.4M)	(4.8M)	(4.6M)
Income Tax Expense	1.3M	(15.2K)	76.5K	22.1K	25.4K	26.7K
Income Before Tax	(2.1M)	(3.4M)	(4.6M)	(5.3M)	(4.8M)	(4.6M)
Total Other Income Expense Net	(1.3M)	608.3K	376.6K	1.1M	1.3M	1.4M
Selling General Administrative	564.8K	1.3M	2.1M	1.5M	1.7M	1.2M
Selling And Marketing Expenses	2.1K	4.8K	7.0K	20.1K	18.0K	19.6K
Gross Profit	(228.4K)	(2.7M)	(2.9M)	(18.9K)	(17.0K)	(17.9K)
Cost Of Revenue	228.4K	2.7M	2.9M	18.9K	21.8K	20.7K
Net Income From Continuing Ops	(2.1M)	(3.4M)	(4.6M)	(5.4M)	(4.8M)	(4.6M)
Net Income Applicable To Common Shares	(1.2M)	(1.3M)	(2.1M)	(3.4M)	(3.1M)	(3.2M)
Reconciled Depreciation	927.0	2.7K	3.3K	18.9K	21.8K	22.9K

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Forum Historical Income Statement

About Forum Income Statement Analysis

Forum Energy Income Statement Chart

Depreciation And Amortization

Other Operating Expenses

Net Income

Income Before Tax

Forum Energy income statement Correlations

Forum Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Forum Energy income statement Accounts

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Ebitda	+ 1.0	Ebit
Income Before Tax	+ 1.0	Net Income
Interest Income	+ 1.0	Net Interest Income
Ebit	+ 0.97	Operating Income
Ebitda	+ 0.97	Operating Income
Total Operating Expenses	+ 0.95	Depreciation And Amortization

Cost Of Revenue	- 1.0	Gross Profit
Operating Income	- 0.97	Other Operating Expenses
Ebitda	- 0.94	Other Operating Expenses
Ebit	- 0.94	Other Operating Expenses
Income Before Tax	- 0.91	Other Operating Expenses
Net Income	- 0.91	Other Operating Expenses