Substrate Artificial Inteligence, S.A. (AQU: SAI)

AQU: SAI Income Statement

Financials in millions EUR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2023	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Revenue	8.56	8.56	3.12	2.01
Other Revenue	0	0	0.01	-
Revenue	8.57	8.57	3.13	2.01
Revenue Growth (YoY)	173.86%	173.86%	55.94%	-
Cost of Revenue	6.79	6.79	3.69	1.37
Gross Profit	1.78	1.78	-0.56	0.63
Selling, General & Admin	10.73	10.73	2.89	1.33
Other Operating Expenses	-5.18	-5.18	-1.46	-0.01
Operating Expenses	6.68	6.68	1.77	2.79
Operating Income	-4.9	-4.9	-2.33	-2.16
Interest Expense	-0.81	-0.81	-0.16	-0.01
Interest & Investment Income	0.01	0.01	0	-
Currency Exchange Gain (Loss)	-0	-0	-0	-0.01
Other Non Operating Income (Expenses)	0.01	0.01	-0.06	0.11
EBT Excluding Unusual Items	-5.69	-5.69	-2.55	-2.06
Impairment of Goodwill	-2.62	-2.62	-12.98	-
Gain (Loss) on Sale of Assets	0.01	0.01	-0.12	0.01
Other Unusual Items	0.09	0.09	-	0.17
Pretax Income	-8.21	-8.21	-15.64	-1.89
Income Tax Expense	0.26	0.26	-0.57	-0.09
Earnings From Continuing Operations	-8.47	-8.47	-15.07	-1.8
Minority Interest in Earnings	-0.27	-0.27	-0.01	0.02
Net Income	-8.73	-8.73	-15.08	-1.78
Net Income to Common	-8.73	-8.73	-15.08	-1.78
Shares Outstanding (Basic)	72	72	24	22
Shares Outstanding (Diluted)	72	72	24	22
Shares Change (YoY)	195.66%	195.66%	11.92%	-
EPS (Basic)	-0.12	-0.12	-0.62	-0.08
EPS (Diluted)	-0.12	-0.12	-0.62	-0.08
Free Cash Flow	-3.7	-3.7	-2.7	-0.98
Free Cash Flow Per Share	-0.05	-0.05	-0.11	-0.05
Gross Margin	20.74%	20.74%	-17.96%	31.48%
Operating Margin	-57.21%	-57.21%	-74.40%	-107.84%
Profit Margin	-101.94%	-101.94%	-482.18%	-88.62%
Free Cash Flow Margin	-43.17%	-43.17%	-86.20%	-49.03%
EBITDA	-4.85	-4.85	-2.28	-0.75
EBITDA Margin	-56.58%	-56.58%	-73.04%	-37.64%
D&A For EBITDA	0.05	0.05	0.04	1.41
EBIT	-4.9	-4.9	-2.33	-2.16
EBIT Margin	-57.21%	-57.21%	-74.40%	-107.84%
Advertising Expenses	0.12	0.12	0.32	0.29

Source: S&P Capital IQ. Standard template. Financial Sources.