Veritas Farms Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	2015 - 2017
Period Ending	Sep '23 Sep 30, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	2015 - 2017
Revenue	0.88	1.06	2.91	6.23	7.29	2.08	Upgrade
Revenue Growth (YoY)	-47.94%	-63.42%	-53.32%	-14.62%	250.58%	86.60%	Upgrade
Cost of Revenue	2.34	2.45	4.11	3.27	3.83	1.2	Upgrade
Gross Profit	-1.46	-1.38	-1.2	2.96	3.46	0.88	Upgrade
Selling, General & Admin	3.44	4.08	6.13	10.42	14.59	5.28	Upgrade
Operating Expenses	3.44	4.08	6.13	10.42	14.59	5.28	Upgrade
Operating Income	-4.9	-5.46	-7.33	-7.46	-11.13	-4.41	Upgrade
Interest Expense	-0.88	-0.49	-0.15	-0.13	-0.02	-0.03	Upgrade
Other Non Operating Income (Expenses)	-	-	-0	-	-	-	Upgrade
EBT Excluding Unusual Items	-5.78	-5.95	-7.48	-7.59	-11.15	-4.43	Upgrade
Gain (Loss) on Sale of Assets	0.03	-0.01	-0.29	-	-	-	Upgrade
Other Unusual Items	-	0.81	0.7	-	-	0.6	Upgrade
Pretax Income	-5.75	-5.14	-7.07	-7.59	-11.15	-3.84	Upgrade
Net Income	-5.75	-5.14	-7.07	-7.59	-11.15	-3.84	Upgrade
Preferred Dividends & Other Adjustments	0.4	0.4	0.2	-	-	-	Upgrade
Net Income to Common	-6.15	-5.54	-7.26	-7.59	-11.15	-3.84	Upgrade
Shares Outstanding (Basic)	54	42	43	43	35	20	Upgrade
Shares Outstanding (Diluted)	54	42	43	43	35	20	Upgrade
Shares Change (YoY)	29.06%	-4.04%	1.86%	22.68%	75.81%	34.60%	Upgrade
EPS (Basic)	-0.11	-0.13	-0.17	-0.18	-0.32	-0.19	Upgrade
EPS (Diluted)	-0.11	-0.13	-0.17	-0.18	-0.32	-0.19	Upgrade
Free Cash Flow	-1.64	-3.9	-4.84	-3.06	-13.66	-4.76	Upgrade
Free Cash Flow Per Share	-0.03	-0.09	-0.11	-0.07	-0.39	-0.24	Upgrade
Gross Margin	-164.66%	-130.11%	-41.35%	47.50%	47.46%	42.13%	Upgrade
Operating Margin	-554.49%	-514.01%	-252.10%	-119.87%	-152.63%	-211.85%	Upgrade
Profit Margin	-696.22%	-521.48%	-249.91%	-121.95%	-152.88%	-184.42%	Upgrade
Free Cash Flow Margin	-186.12%	-367.06%	-166.39%	-49.10%	-187.27%	-229.00%	Upgrade
EBITDA	-4.64	-5.01	-6.83	-6.96	-10.72	-4.13	Upgrade
EBITDA Margin	-	-	-234.93%	-111.72%	-147.08%	-198.67%	Upgrade
D&A For EBITDA	0.26	0.46	0.5	0.51	0.4	0.27	Upgrade
EBIT	-4.9	-5.46	-7.33	-7.46	-11.13	-4.41	Upgrade
EBIT Margin	-	-	-252.10%	-119.87%	-152.63%	-211.85%	Upgrade

Updated Nov 15, 2023. Source: S&P Global Market Intelligence. Standard template. Financial Sources.