Covalon Technologies Income Statement

Financials in millions CAD. Fiscal year is October - September.

Millions CAD. Fiscal year is Oct - Sep.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2016 - 2020
Period Ending	Mar '25 Mar 31, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021	Sep '20 Sep 30, 2020	2016 - 2020
Operating Revenue	33.84	31.17	26.6	18.15	19.56	13.51	Upgrade
Revenue	33.84	31.17	26.6	18.15	19.56	13.51	Upgrade
Revenue Growth (YoY)	28.97%	17.20%	46.56%	-7.23%	44.81%	-60.27%	Upgrade
Cost of Revenue	13.94	12.24	12.23	10.65	9.86	8.86	Upgrade
Gross Profit	19.91	18.93	14.36	7.49	9.7	4.65	Upgrade
Selling, General & Admin	14.65	15.19	17.48	15.27	7.72	10.84	Upgrade
Research & Development	1.53	1.59	1.41	1.37	1.14	0.9	Upgrade
Operating Expenses	16.17	16.78	18.89	16.64	8.86	11.75	Upgrade
Operating Income	3.74	2.15	-4.53	-9.14	0.84	-7.1	Upgrade
Interest Expense	-0.08	-0.09	-	-0.11	-0.42	-0.44	Upgrade
Interest & Investment Income	0.19	-	0.07	-	-	-	Upgrade
Other Non Operating Income (Expenses)	-0.15	0.61	-	-	-	-	Upgrade
EBT Excluding Unusual Items	3.7	2.67	-4.46	-9.25	0.42	-7.54	Upgrade
Other Unusual Items	-	-	-	-	-	-0.29	Upgrade
Pretax Income	3.7	2.67	-4.46	-9.25	0.42	-7.82	Upgrade
Earnings From Continuing Operations	3.7	2.67	-4.46	-9.25	0.42	-7.82	Upgrade
Earnings From Discontinued Operations	-	-	-	-0.41	23.06	0.87	Upgrade
Net Income	3.7	2.67	-4.46	-9.66	23.48	-6.95	Upgrade
Net Income to Common	3.7	2.67	-4.46	-9.66	23.48	-6.95	Upgrade
Shares Outstanding (Basic)	26	25	25	26	26	26	Upgrade
Shares Outstanding (Diluted)	27	25	25	26	26	26	Upgrade
Shares Change (YoY)	7.81%	-0.45%	-2.68%	-0.24%	0.01%	14.95%	Upgrade
EPS (Basic)	0.14	0.11	-0.18	-0.38	0.91	-0.27	Upgrade
EPS (Diluted)	0.14	0.11	-0.18	-0.38	0.91	-0.27	Upgrade
Free Cash Flow	4.93	3.18	-3.68	-8.98	0.13	-4.23	Upgrade
Free Cash Flow Per Share	0.18	0.13	-0.15	-0.35	0.01	-0.16	Upgrade
Gross Margin	58.82%	60.74%	54.00%	41.30%	49.57%	34.40%	Upgrade
Operating Margin	11.04%	6.90%	-17.03%	-50.38%	4.29%	-52.56%	Upgrade
Profit Margin	10.92%	8.57%	-16.77%	-53.25%	120.02%	-51.47%	Upgrade
Free Cash Flow Margin	14.58%	10.21%	-13.83%	-49.48%	0.67%	-31.32%	Upgrade
EBITDA	4.06	2.64	-3.95	-8.46	1.3	-6.58	Upgrade
EBITDA Margin	11.99%	8.49%	-14.87%	-46.63%	6.63%	-48.73%	Upgrade
D&A For EBITDA	0.32	0.49	0.57	0.68	0.46	0.52	Upgrade
EBIT	3.74	2.15	-4.53	-9.14	0.84	-7.1	Upgrade
EBIT Margin	11.04%	6.90%	-17.03%	-50.38%	4.29%	-52.56%	Upgrade
Revenue as Reported	33.84	31.17	26.6	18.15	19.56	13.51	Upgrade

Updated Feb 21, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.