Westgate Energy Inc. (TSXV:WGT)

Westgate Energy Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022
Revenue	2.39	1.02	0.15
Revenue Growth (YoY)	1503.52%	586.09%	-
Cost of Revenue	1.41	0.88	0.04
Gross Profit	0.98	0.14	0.11
Selling, General & Admin	2	1.46	0.11
Other Operating Expenses	0.09	0.06	0.01
Operating Expenses	3	1.82	0.12
Operating Income	-2.02	-1.67	-0.01
Interest Expense	-0.06	-0.27	-
Interest & Investment Income	0.21	0.16	-
Other Non Operating Income (Expenses)	0.06	0.06	-
Pretax Income	-3.07	-1.72	-0.01
Net Income	-3.07	-1.72	-0.01
Net Income to Common	-3.07	-1.72	-0.01
Shares Outstanding (Basic)	67	57	4
Shares Outstanding (Diluted)	67	57	4
Shares Change (YoY)	1578.13%	1313.43%	-
EPS (Basic)	-0.05	-0.03	-0.00
EPS (Diluted)	-0.05	-0.03	-0.00
Free Cash Flow	-9.26	-5.36	-0
Free Cash Flow Per Share	-0.14	-0.10	-
Gross Margin	41.05%	13.82%	74.93%
Operating Margin	-84.39%	-163.54%	-4.41%
Profit Margin	-128.20%	-168.22%	-4.41%
Free Cash Flow Margin	-386.95%	-523.91%	-1.18%
EBITDA	-1.1	-1.32	0.01
EBITDA Margin	-46.05%	-128.46%	3.55%
D&A For EBITDA	0.92	0.36	0.01
EBIT	-2.02	-1.67	-0.01
EBIT Margin	-84.39%	-163.54%	-4.41%
Revenue as Reported	2.39	1.02	0.15

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