Velocity Minerals Ltd. (TSXV:VLC)

Velocity Minerals Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cost of Revenue	0.6	0.35	0.56	0.25	0.1
Gross Profit	-0.6	-0.35	-0.56	-0.25	-0.1
Selling, General & Admin	1.62	1.28	1.75	1.59	1.2
Operating Expenses	1.87	1.66	2.03	1.75	1.36
Operating Income	-2.47	-2.01	-2.6	-1.99	-1.46
Interest Expense	-0.02	-0.02	-0.02	-0.15	-0.64
Interest & Investment Income	0.03	0.01	0.03	0.02	0.04
Currency Exchange Gain (Loss)	0.15	-0.06	0	-0.14	0.05
Other Non Operating Income (Expenses)	0.65	0.22	-0.17	-0.24	-0.24
EBT Excluding Unusual Items	-1.66	-1.85	-2.75	-2.51	-2.24
Pretax Income	-1.66	-1.85	-2.75	-2.51	-2.24
Income Tax Expense	0.26	-	-	-	-
Earnings From Continuing Operations	-1.92	-1.85	-2.75	-2.51	-2.24
Minority Interest in Earnings	0.01	0.05	0.09	0.02	0.17
Net Income	-1.9	-1.8	-2.66	-2.49	-2.07
Net Income to Common	-1.9	-1.8	-2.66	-2.49	-2.07
Shares Outstanding (Basic)	196	175	160	153	115
Shares Outstanding (Diluted)	196	175	160	153	115
Shares Change (YoY)	12.08%	9.25%	4.46%	33.69%	24.37%
EPS (Basic)	-0.01	-0.01	-0.02	-0.02	-0.02
EPS (Diluted)	-0.01	-0.01	-0.02	-0.02	-0.02
Free Cash Flow	-3.27	-4.37	-3.82	-7.79	-8.84
Free Cash Flow Per Share	-0.02	-0.03	-0.02	-0.05	-0.08
EBITDA	-2.44	-1.88	-2.54	-1.98	-1.43
D&A For EBITDA	0.03	0.13	0.05	0.01	0.03
EBIT	-2.47	-2.01	-2.6	-1.99	-1.46

Updated Nov 29, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.