Airtouch Solar Ltd (TLV:ARTS)

Airtouch Solar Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	38.03	45.32	16.26	16.45	10.45
Revenue Growth (YoY)	-16.07%	178.64%	-1.16%	57.40%	440.49%
Cost of Revenue	30.66	35.29	17.62	15.99	13.85
Gross Profit	7.37	10.03	-1.35	0.46	-3.4
Selling, General & Admin	7.67	9.49	11.05	12.17	8.57
Research & Development	3.27	4.33	6.87	5.28	4.86
Other Operating Expenses	-	-	0.2	-	0.62
Operating Expenses	10.94	13.82	18.13	17.45	14.05
Operating Income	-3.57	-3.79	-19.48	-16.98	-17.45
Interest Expense	-4.83	-0.71	-0.95	-0.56	-0.15
Interest & Investment Income	-	0.22	0.59	0.24	-
Currency Exchange Gain (Loss)	-	-0.47	0.23	0.91	-0.46
Other Non Operating Income (Expenses)	0.25	-0.72	-0.44	-0.45	1.13
Pretax Income	-8.15	-5.46	-20.04	-16.84	-16.93
Income Tax Expense	-0.03	-	-	-	-
Net Income	-8.12	-5.46	-20.04	-16.84	-16.93
Net Income to Common	-8.12	-5.46	-20.04	-16.84	-16.93
Shares Outstanding (Basic)	40	40	37	36	34
Shares Outstanding (Diluted)	40	40	37	36	34
Shares Change (YoY)	0.00%	8.86%	3.58%	3.20%	183.03%
EPS (Basic)	-0.20	-0.14	-0.54	-0.47	-0.49
EPS (Diluted)	-0.20	-0.14	-0.54	-0.47	-0.49
Free Cash Flow	-2.47	-2.81	-23.21	-17.56	-27.99
Free Cash Flow Per Share	-0.06	-0.07	-0.63	-0.49	-0.81
Gross Margin	19.38%	22.13%	-8.32%	2.82%	-32.52%
Operating Margin	-9.38%	-8.36%	-119.78%	-103.21%	-166.91%
Profit Margin	-21.35%	-12.04%	-123.25%	-102.33%	-162.00%
Free Cash Flow Margin	-6.50%	-6.20%	-142.72%	-106.73%	-267.80%
EBITDA	-1.69	-2.87	-19.12	-14.91	-16.39
EBITDA Margin	-4.44%	-6.34%	-117.56%	-90.62%	-156.75%
D&A For EBITDA	1.88	0.92	0.36	2.07	1.06
EBIT	-3.57	-3.79	-19.48	-16.98	-17.45
EBIT Margin	-9.38%	-8.36%	-119.78%	-103.21%	-166.91%
Revenue as Reported	38.03	45.32	16.26	16.45	10.45
Advertising Expenses	-	0.14	0.27	1.09	0.19

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