Norse Atlantic ASA Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	559.77	439.44	104.27	-
Revenue Growth (YoY)	43.13%	321.44%	-	-
Cost of Revenue	509.18	419.07	173.54	5.48
Gross Profit	50.59	20.37	-69.27	-5.48
Selling, General & Admin	45.86	37.49	15.63	2.84
Other Operating Expenses	45.92	34	2.69	-
Operating Expenses	178.56	155.59	76.83	3.19
Operating Income	-127.97	-135.22	-146.1	-8.67
Interest Expense	-38.08	-34.98	-24.42	-
Interest & Investment Income	-	-	-	0.26
Currency Exchange Gain (Loss)	-1.15	-0.53	-4.43	0.83
Other Non Operating Income (Expenses)	2.22	2.13	0.87	-0.06
EBT Excluding Unusual Items	-164.98	-168.6	-174.08	-7.63
Gain (Loss) on Sale of Investments	-	-	-0.89	-
Pretax Income	-164.98	-168.6	-174.97	-7.63
Income Tax Expense	0.34	0.14	-	-
Net Income	-165.32	-168.75	-174.97	-7.63
Net Income to Common	-165.32	-168.75	-174.97	-7.63
Shares Outstanding (Basic)	117	67	21	19
Shares Outstanding (Diluted)	117	67	21	19
Shares Change (YoY)	125.64%	219.90%	8.60%	-
EPS (Basic)	-1.41	-2.50	-8.30	-0.39
EPS (Diluted)	-1.41	-2.50	-8.30	-0.39
Free Cash Flow	-6.79	-24.52	-83.28	-29.03
Free Cash Flow Per Share	-0.06	-0.36	-3.95	-1.49
Gross Margin	9.04%	4.63%	-66.43%	-
Operating Margin	-22.86%	-30.77%	-140.12%	-
Profit Margin	-29.53%	-38.40%	-167.81%	-
Free Cash Flow Margin	-1.21%	-5.58%	-79.87%	-
EBITDA	-127.12	-134.42	-146.04	-8.32
EBITDA Margin	-22.71%	-30.59%	-140.06%	-
D&A For EBITDA	0.85	0.8	0.07	0.34
EBIT	-127.97	-135.22	-146.1	-8.67
EBIT Margin	-22.86%	-30.77%	-140.12%	-

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