Gear Energy Ltd. (TSX: GXE)

Gear Energy Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	148.71	187.28	129.03	65.06	131.99
Revenue Growth (YoY)	-20.59%	45.15%	98.33%	-50.71%	20.74%
Cost of Revenue	61.84	62.27	49.56	39.26	64.85
Gross Profit	86.88	125.01	79.47	25.8	67.14
Selling, General & Admin	8.62	15.85	10.59	9.92	6.17
Other Operating Expenses	0	44.21	35.5	28.69	45.69
Operating Expenses	63.55	60.05	46.08	38.61	51.86
Operating Income	23.32	64.95	33.32	-12.85	15.28
Interest Income	0	1.03	2.91	3.88	4.42
Interest Expense	4.47	3.29	4.44	5.52	6.38
Other Expense / Income	-1.21	-4.05	-15.82	39.55	15.75
Pretax Income	20.06	66.75	47.61	-54.04	-2.43
Income Tax	11.48	-8.23	-32.89	23.28	3.25
Net Income	8.59	74.98	80.5	-77.32	-5.68
Net Income Growth	-88.55%	-6.85%	-	-	-
Shares Outstanding (Basic)	262	260	249	217	219
Shares Outstanding (Diluted)	263	264	263	217	219
Shares Change	-0.35%	0.46%	21.46%	-1.07%	-0.26%
EPS (Basic)	0.03	0.29	0.32	-0.36	-0.03
EPS (Diluted)	0.03	0.28	0.31	-0.36	-0.03
EPS Growth	-88.36%	-9.68%	-	-	-
Free Cash Flow	15.28	39.22	23	17.77	12.75
Free Cash Flow Per Share	0.06	0.15	0.09	0.08	0.06
Gross Margin	58.42%	66.75%	61.59%	39.65%	50.87%
Operating Margin	15.68%	34.68%	25.82%	-19.76%	11.57%
Profit Margin	5.77%	40.04%	62.39%	-118.86%	-4.30%
Free Cash Flow Margin	10.28%	20.94%	17.82%	27.32%	9.66%
Effective Tax Rate	57.20%	-12.33%	-69.08%	-	-
EBITDA	66.27	102.32	68.74	19.59	65.62
EBITDA Margin	44.56%	54.64%	53.28%	30.12%	49.71%
Depreciation & Amortization	44.1	37.37	4.32	85.71	61.43
EBIT	22.17	64.95	64.42	-66.12	4.19
EBIT Margin	14.91%	34.68%	49.92%	-101.63%	3.17%

Sources: The data provider is Financial Modeling Prep and the numbers are sourced from SEC filings.