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

AQU:SAI Income Statement

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

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

Source: S&P Global Market Intelligence. Standard template. Financial Sources.