GreenPower Historical Income Statement
| GP Stock | USD 0.57 0.01 1.79% |
Historical analysis of GreenPower income statement accounts such as Other Operating Expenses of 67.7 M can show how well GreenPower Motor performed in making a profits. Evaluating GreenPower income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of GreenPower's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining GreenPower Motor 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 GreenPower Motor is a good buy for the upcoming year.
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About GreenPower Income Statement Analysis
GreenPower Motor 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 GreenPower shareholders. The income statement also shows GreenPower 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).
GreenPower Income Statement Chart
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Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of GreenPower Motor. It is also known as GreenPower 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.Total Revenue
Total revenue comprises all receipts GreenPower Motor 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.Most accounts from GreenPower's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into GreenPower Motor 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 GreenPower Motor. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey. At this time, GreenPower's Research Development is relatively stable compared to the past year. As of 03/01/2025, Cost Of Revenue is likely to grow to about 41 M, though EBITDA is likely to grow to (12.8 M).
| 2022 | 2023 | 2024 | 2025 (projected) | Cost Of Revenue | 32.4M | 33.9M | 39.0M | 41.0M | Research Development | 2.1M | 1.8M | 2.1M | 2.2M |
GreenPower income statement Correlations
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GreenPower Account Relationship Matchups
High Positive Relationship
High Negative Relationship
GreenPower income statement Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Interest Expense | 1.6M | 515.7K | 1.5M | 1.6M | 1.8M | 1.9M | |
| Selling General Administrative | 7.6M | 15.3M | 16.3M | 16.4M | 18.8M | 19.8M | |
| Other Operating Expenses | 17.9M | 31.4M | 53.0M | 56.1M | 64.5M | 67.7M | |
| Operating Income | (6.0M) | (14.2M) | (13.3M) | (16.8M) | (15.1M) | (14.4M) | |
| Ebit | (6.3M) | (14.5M) | (13.5M) | (16.8M) | (15.1M) | (14.4M) | |
| Ebitda | (5.8M) | (13.9M) | (12.3M) | (14.9M) | (13.4M) | (12.8M) | |
| Total Operating Expenses | 9.6M | 18.1M | 20.5M | 22.2M | 25.5M | 26.8M | |
| Net Income | (9.4M) | (15.8M) | (15.3M) | (18.3M) | (16.5M) | (15.7M) | |
| Income Tax Expense | 1.6M | 824.1K | 281.7K | 3.0 | 3.45 | 3.28 | |
| Depreciation And Amortization | 459.9K | 663.3K | 1.2M | 1.9M | 2.1M | 2.2M | |
| Total Revenue | 11.9M | 17.2M | 39.7M | 39.3M | 45.2M | 47.4M | |
| Gross Profit | 3.6M | 3.9M | 7.3M | 5.4M | 6.2M | 6.5M | |
| Income Before Tax | (7.8M) | (15.0M) | (15.0M) | (18.3M) | (16.5M) | (15.7M) | |
| Total Other Income Expense Net | (45.7K) | (607.6K) | (250.8K) | (1.5M) | (1.4M) | (1.3M) | |
| Selling And Marketing Expenses | 234.4K | 686.5K | 818.3K | 661.4K | 760.6K | 436.6K | |
| Research Development | 939.9K | 1.4M | 2.1M | 1.8M | 2.1M | 2.2M | |
| Cost Of Revenue | 8.3M | 13.4M | 32.4M | 33.9M | 39.0M | 41.0M | |
| Net Interest Income | (1.6M) | (515.7K) | (1.5M) | (1.6M) | (1.4M) | (1.5M) | |
| Net Income From Continuing Ops | (7.8M) | (15.0M) | (15.0M) | (18.3M) | (16.5M) | (15.7M) | |
| Net Income Applicable To Common Shares | (5.1M) | (7.8M) | (15.0M) | (15.0M) | (13.5M) | (12.9M) | |
| Reconciled Depreciation | 437.3K | 662.0K | 1.2M | 1.9M | 2.1M | 2.2M |
Pair Trading with GreenPower
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 GreenPower 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 GreenPower will appreciate offsetting losses from the drop in the long position's value.Moving together with GreenPower Stock
Moving against GreenPower Stock
| 0.6 | CEAD | CEA Industries | PairCorr |
| 0.56 | CEADW | CEA Industries Warrant | PairCorr |
| 0.38 | TWI | Titan International Buyout Trend | PairCorr |
The ability to find closely correlated positions to GreenPower could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GreenPower 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 GreenPower - 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 GreenPower Motor to buy it.
The correlation of GreenPower 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 GreenPower moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GreenPower Motor 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 GreenPower 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.Additional Tools for GreenPower Stock Analysis
When running GreenPower's price analysis, check to measure GreenPower's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy GreenPower is operating at the current time. Most of GreenPower's value examination focuses on studying past and present price action to predict the probability of GreenPower's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GreenPower's price. Additionally, you may evaluate how the addition of GreenPower to your portfolios can decrease your overall portfolio volatility.