Mynd.ai, Inc. (MYND)

Mynd.ai Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	357.05	413.56	584.68	448.19
Revenue Growth (YoY)	-20.34%	-29.27%	30.45%	-
Cost of Revenue	266.99	310.42	440.77	323.12
Gross Profit	90.06	103.14	143.92	125.07
Selling, General & Admin	76.89	82.81	95.46	91.84
Research & Development	29.51	34.6	41.46	35.59
Operating Expenses	106.4	117.41	136.92	127.44
Operating Income	-16.35	-14.27	7	-2.37
Interest Expense	-7.81	-4.66	-1.83	-0.17
Other Non Operating Income (Expenses)	9.14	2.25	0.6	-2.25
EBT Excluding Unusual Items	-13.71	-16.68	5.76	-4.79
Merger & Restructuring Charges	-20.18	-29.48	-0.74	-0.47
Other Unusual Items	-	-	4.92	13.9
Pretax Income	-33.9	-46.16	9.95	8.65
Income Tax Expense	35.62	-9.16	-25.28	1.79
Earnings From Continuing Operations	-69.51	-37.01	35.22	6.86
Earnings From Discontinued Operations	-0.46	-0.82	-12.64	-7.96
Net Income to Company	-69.97	-37.83	22.59	-1.1
Minority Interest in Earnings	0.04	-0.03	-	-
Net Income	-69.93	-37.86	22.59	-1.1
Net Income to Common	-69.93	-37.86	22.59	-1.1
Shares Outstanding (Basic)	44	43	43	43
Shares Outstanding (Diluted)	44	43	43	43
Shares Change (YoY)	3.89%	0.37%	-	-
EPS (Basic)	-1.58	-0.88	0.53	-0.03
EPS (Diluted)	-1.58	-0.88	0.53	-0.03
Free Cash Flow	1.54	-2.61	-6.1	-23.1
Free Cash Flow Per Share	0.03	-0.06	-0.14	-0.54
Gross Margin	25.22%	24.94%	24.61%	27.91%
Operating Margin	-4.58%	-3.45%	1.20%	-0.53%
Profit Margin	-19.59%	-9.16%	3.86%	-0.25%
Free Cash Flow Margin	0.43%	-0.63%	-1.04%	-5.15%
EBITDA	-9.7	-9.15	11.52	3.75
EBITDA Margin	-2.72%	-2.21%	1.97%	0.84%
D&A For EBITDA	6.64	5.12	4.52	6.12
EBIT	-16.35	-14.27	7	-2.37
EBIT Margin	-4.58%	-3.45%	1.20%	-0.53%
Effective Tax Rate	-	-	-	20.67%
Advertising Expenses	-	7.22	11.34	8.51

Source: S&P Capital IQ. Standard template. Financial Sources.