Heritage Historical Income Statement

HGBL Stock

USD 1.76 0.04 2.33%

Historical analysis of Heritage Global income statement accounts such as Selling General Administrative of 13.6 M or Total Revenue of 63.6 M can show how well Heritage Global performed in making a profits. Evaluating Heritage Global income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Heritage Global's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining Heritage Global 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 Heritage Global is a good buy for the upcoming year.

Net Income Gross Profit

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Heritage Global. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For more information on how to buy Heritage Stock please use our How to buy in Heritage Stock guide.

About Heritage Income Statement Analysis

Heritage Global 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 Heritage Global shareholders. The income statement also shows Heritage 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).

Heritage Global Income Statement Chart

At this time, Heritage Global's Net Income is quite stable compared to the past year. Income Tax Expense is expected to rise to about 2.8 M this year, although the value of Interest Expense will most likely fall to about 307.8 K.

Selling General Administrative Total Revenue Gross Profit Other Operating Expenses Ebitda Net Income From Continuing Ops

Total Revenue

Total revenue comprises all receipts Heritage Global 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 Heritage Global minus its cost of goods sold. It is profit before Heritage Global 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 Heritage Global. It is also known as Heritage Global 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.

Most accounts from Heritage Global's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Heritage Global 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Heritage Global. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For more information on how to buy Heritage Stock please use our How to buy in Heritage Stock guide.At this time, Heritage Global's Net Income is quite stable compared to the past year. Income Tax Expense is expected to rise to about 2.8 M this year, although the value of Interest Expense will most likely fall to about 307.8 K.

	2021	2022	2023	2024 (projected)
Gross Profit	18.4M	26.0M	39.8M	41.8M
Total Revenue	25.8M	46.9M	60.5M	63.6M

Gross Profit Total Revenue

Heritage Global income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Net Income	Income Tax Expense	Income Before Tax	Total Other Income Expense Net	Research Development	Extraordinary Items	Selling And Marketing Expenses	Minority Interest	Net Income From Continuing Ops	Non Recurring	Tax Provision	Net Interest Income	Reconciled Depreciation
Depreciation And Amortization		-0.42	0.65	0.35	0.37	0.5	0.1	0.12	0.2	0.31	0.65	-0.07	-0.16	0.13	0.01	0.68	-0.07	-0.83	0.77	0.47	-0.07	-0.26	0.42	0.29
Interest Expense	-0.42		-0.41	-0.29	-0.3	-0.37	-0.31	-0.34	-0.37	-0.3	-0.4	-0.55	0.51	-0.31	0.16	-0.33	-0.09	0.24	-0.31	-0.63	-0.09	0.23	-0.63	-0.28
Selling General Administrative	0.65	-0.41		0.77	0.77	0.92	0.55	0.61	0.65	0.74	0.99	0.2	-0.37	0.56	-0.08	0.24	-0.32	-0.46	0.6	0.8	-0.32	-0.67	0.09	0.73
Total Revenue	0.35	-0.29	0.77		0.98	0.9	0.85	0.91	0.93	0.87	0.85	0.47	-0.23	0.86	-0.03	-0.22	-0.79	-0.22	0.15	0.84	-0.79	-0.88	-0.22	0.81
Gross Profit	0.37	-0.3	0.77	0.98		0.84	0.86	0.91	0.93	0.76	0.85	0.41	-0.26	0.86	0.0	-0.25	-0.8	-0.17	0.14	0.86	-0.8	-0.84	-0.19	0.77
Other Operating Expenses	0.5	-0.37	0.92	0.9	0.84		0.69	0.76	0.79	0.94	0.94	0.41	-0.28	0.7	-0.09	0.07	-0.49	-0.4	0.44	0.81	-0.49	-0.82	-0.06	0.84
Operating Income	0.1	-0.31	0.55	0.85	0.86	0.69		0.97	0.97	0.69	0.62	0.67	-0.09	1.0	0.28	-0.35	-0.66	0.03	-0.05	0.72	-0.66	-0.83	-0.11	0.75
Ebit	0.12	-0.34	0.61	0.91	0.91	0.76	0.97		1.0	0.76	0.69	0.67	-0.15	0.97	0.11	-0.35	-0.72	0.0	-0.02	0.77	-0.72	-0.87	-0.16	0.77
Ebitda	0.2	-0.37	0.65	0.93	0.93	0.79	0.97	1.0		0.77	0.73	0.66	-0.16	0.97	0.11	-0.29	-0.71	-0.07	0.05	0.8	-0.71	-0.88	-0.12	0.78
Cost Of Revenue	0.31	-0.3	0.74	0.87	0.76	0.94	0.69	0.76	0.77		0.77	0.53	-0.17	0.71	-0.09	-0.06	-0.53	-0.3	0.28	0.68	-0.53	-0.83	-0.17	0.81
Total Operating Expenses	0.65	-0.4	0.99	0.85	0.85	0.94	0.62	0.69	0.73	0.77		0.24	-0.36	0.63	-0.08	0.17	-0.44	-0.45	0.53	0.85	-0.44	-0.73	0.04	0.76
Net Income	-0.07	-0.55	0.2	0.47	0.41	0.41	0.67	0.67	0.66	0.53	0.24		-0.04	0.67	0.07	-0.13	-0.29	-0.01	0.0	0.4	-0.29	-0.47	0.02	0.42
Income Tax Expense	-0.16	0.51	-0.37	-0.23	-0.26	-0.28	-0.09	-0.15	-0.16	-0.17	-0.36	-0.04		-0.09	0.21	0.09	0.04	-0.15	0.07	-0.54	0.04	0.29	-0.28	-0.28
Income Before Tax	0.13	-0.31	0.56	0.86	0.86	0.7	1.0	0.97	0.97	0.71	0.63	0.67	-0.09		0.31	-0.33	-0.66	0.01	-0.03	0.71	-0.66	-0.83	-0.12	0.75
Total Other Income Expense Net	0.01	0.16	-0.08	-0.03	0.0	-0.09	0.28	0.11	0.11	-0.09	-0.08	0.07	0.21	0.31		0.02	0.01	-0.06	0.02	-0.18	0.01	-0.02	-0.03	0.05
Research Development	0.68	-0.33	0.24	-0.22	-0.25	0.07	-0.35	-0.35	-0.29	-0.06	0.17	-0.13	0.09	-0.33	0.02		0.54	-0.82	0.86	-0.04	0.54	0.29	0.43	-0.19
Extraordinary Items	-0.07	-0.09	-0.32	-0.79	-0.8	-0.49	-0.66	-0.72	-0.71	-0.53	-0.44	-0.29	0.04	-0.66	0.01	0.54		0.0	0.21	-0.5	1.0	0.66	0.52	-0.48
Selling And Marketing Expenses	-0.83	0.24	-0.46	-0.22	-0.17	-0.4	0.03	0.0	-0.07	-0.3	-0.45	-0.01	-0.15	0.01	-0.06	-0.82	0.0		-0.89	-0.18	0.0	0.09	-0.16	-0.13
Minority Interest	0.77	-0.31	0.6	0.15	0.14	0.44	-0.05	-0.02	0.05	0.28	0.53	0.0	0.07	-0.03	0.02	0.86	0.21	-0.89		0.22	0.21	-0.04	0.21	0.12
Net Income From Continuing Ops	0.47	-0.63	0.8	0.84	0.86	0.81	0.72	0.77	0.8	0.68	0.85	0.4	-0.54	0.71	-0.18	-0.04	-0.5	-0.18	0.22		-0.5	-0.75	0.16	0.69
Non Recurring	-0.07	-0.09	-0.32	-0.79	-0.8	-0.49	-0.66	-0.72	-0.71	-0.53	-0.44	-0.29	0.04	-0.66	0.01	0.54	1.0	0.0	0.21	-0.5		0.66	0.52	-0.48
Tax Provision	-0.26	0.23	-0.67	-0.88	-0.84	-0.82	-0.83	-0.87	-0.88	-0.83	-0.73	-0.47	0.29	-0.83	-0.02	0.29	0.66	0.09	-0.04	-0.75	0.66		0.08	-0.79
Net Interest Income	0.42	-0.63	0.09	-0.22	-0.19	-0.06	-0.11	-0.16	-0.12	-0.17	0.04	0.02	-0.28	-0.12	-0.03	0.43	0.52	-0.16	0.21	0.16	0.52	0.08		0.04
Reconciled Depreciation	0.29	-0.28	0.73	0.81	0.77	0.84	0.75	0.77	0.78	0.81	0.76	0.42	-0.28	0.75	0.05	-0.19	-0.48	-0.13	0.12	0.69	-0.48	-0.79	0.04

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Heritage Global Account Relationship Matchups

Heritage Global income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	878K	882K	992K	536K	514K	488.3K
Interest Expense	64K	45K	22K	113K	324K	307.8K
Selling General Administrative	15.3M	14.0M	15.1M	20.9M	25.4M	13.6M
Total Revenue	26.2M	26.2M	25.8M	46.9M	60.5M	63.6M
Gross Profit	18.4M	17.1M	18.4M	26.0M	39.8M	41.8M
Other Operating Expenses	23.9M	23.9M	23.3M	42.8M	46.2M	32.2M
Operating Income	3.1M	6.1M	3.0M	11.1M	14.3M	15.0M
Ebit	3.1M	5.5M	2.5M	11.1M	14.3M	15.0M
Ebitda	3.9M	6.4M	3.5M	11.7M	14.8M	15.6M
Cost Of Revenue	7.7M	9.1M	7.4M	20.9M	20.7M	15.7M
Total Operating Expenses	16.2M	14.8M	15.9M	21.9M	25.5M	17.9M
Net Income	3.9M	9.7M	3.1M	15.5M	12.5M	13.1M
Income Tax Expense	(913K)	(3.6M)	(61K)	(4.5M)	1.5M	2.8M
Income Before Tax	3.0M	6.0M	3.0M	11.0M	14.0M	14.7M
Total Other Income Expense Net	(64K)	(45K)	(22K)	(113K)	(324K)	(340.2K)
Net Income Applicable To Common Shares	3.9M	9.7M	3.1M	15.5M	17.8M	18.7M
Selling And Marketing Expenses	609K	444K	357K	448K	604K	633.3K
Net Income From Continuing Ops	3.9M	9.7M	3.1M	15.5M	17.6M	18.4M
Tax Provision	(913K)	(3.6M)	(61K)	(4.5M)	(4.9M)	(4.6M)
Net Interest Income	(64K)	(45K)	(22K)	(113K)	(242K)	(254.1K)
Reconciled Depreciation	305K	362K	460K	536K	509K	440.6K

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When determining whether Heritage Global is a strong investment it is important to analyze Heritage Global's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Heritage Global's future performance. For an informed investment choice regarding Heritage Stock, refer to the following important reports:

How To Invest In Heritage

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Is Heritage Stock a good investment?

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What is Heritage Global's Net Worth?

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Largest Asset Management & Custody Banks Companies

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Largest Financial Services Companies

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For more information on how to buy Heritage Stock please use our How to buy in Heritage Stock guide.

You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

Is Asset Management & Custody Banks 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 Heritage Global. If investors know Heritage 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 Heritage Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.41)

Earnings Share

0.27

Revenue Per Share

1.361

Quarterly Revenue Growth

(0.33)

Return On Assets

0.066

The market value of Heritage Global is measured differently than its book value, which is the value of Heritage that is recorded on the company's balance sheet. Investors also form their own opinion of Heritage Global's value that differs from its market value or its book value, called intrinsic value, which is Heritage Global'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 Heritage Global's market value can be influenced by many factors that don't directly affect Heritage Global'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 Heritage Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Heritage Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Heritage Global'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.

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Heritage Historical Income Statement

About Heritage Income Statement Analysis

Heritage Global Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Heritage Global income statement Correlations

Heritage Global Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Heritage Global income statement Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

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Income Before Tax	+ 1.0	Operating Income
Ebitda	+ 1.0	Ebit
Non Recurring	+ 1.0	Extraordinary Items
Total Operating Expenses	+ 0.99	Selling General Administrative
Gross Profit	+ 0.98	Total Revenue
Ebit	+ 0.97	Operating Income

Minority Interest	- 0.89	Selling And Marketing Expenses
Tax Provision	- 0.88	Ebitda
Tax Provision	- 0.88	Total Revenue
Tax Provision	- 0.87	Ebit
Tax Provision	- 0.84	Gross Profit
Tax Provision	- 0.83	Income Before Tax