Above Food Ingredients Inc. (ABVE)

Above Food Ingredients Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022
Period Ending	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022
Revenue	368.42	396.46	198.86
Revenue Growth (YoY)	-7.07%	99.37%	-
Cost of Revenue	374.8	398.22	191.1
Gross Profit	-6.37	-1.76	7.76
Selling, General & Admin	33.47	30.56	11.49
Research & Development	0.17	0.43	0.24
Other Operating Expenses	0.27	0.07	0.05
Operating Expenses	33.92	31.06	11.78
Operating Income	-40.29	-32.82	-4.02
Interest Expense	-7.67	-5.38	-2.09
Interest & Investment Income	0.25	0.3	0.08
Earnings From Equity Investments	-3.79	-0.81	-
EBT Excluding Unusual Items	-51.51	-38.71	-6.02
Impairment of Goodwill	-1.4	-4.06	-
Asset Writedown	-0.41	-2.8	-
Other Unusual Items	-	-	0.15
Pretax Income	-53.31	-45.58	-5.87
Income Tax Expense	-	-0.09	-0.1
Net Income	-53.31	-45.48	-5.78
Net Income to Common	-53.31	-45.48	-5.78
Shares Outstanding (Basic)	78	76	72
Shares Outstanding (Diluted)	78	76	72
Shares Change (YoY)	1.94%	5.17%	-
EPS (Basic)	-0.69	-0.60	-0.08
EPS (Diluted)	-0.69	-0.60	-0.08
Free Cash Flow	3.56	-20.27	-49.57
Free Cash Flow Per Share	0.05	-0.27	-0.69
Gross Margin	-1.73%	-0.44%	3.90%
Operating Margin	-10.94%	-8.28%	-2.02%
Profit Margin	-14.47%	-11.47%	-2.90%
Free Cash Flow Margin	0.97%	-5.11%	-24.93%
EBITDA	-36.77	-29.91	-2.66
EBITDA Margin	-9.98%	-7.54%	-1.34%
D&A For EBITDA	3.52	2.9	1.35
EBIT	-40.29	-32.82	-4.02
EBIT Margin	-10.94%	-8.28%	-2.02%
Advertising Expenses	0.74	1.53	0.55

Updated Jul 8, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q