Northann Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	15.58	13.97	20.96	34.53	13.09
Revenue Growth (YoY)	47.13%	-33.34%	-39.30%	163.67%	-
Cost of Revenue	11.18	12.76	15.2	28.69	8.57
Gross Profit	4.4	1.21	5.75	5.83	4.52
Selling, General & Admin	5.45	3.99	2.12	2.24	2
Research & Development	2.56	1.9	1.47	2.33	1.87
Other Operating Expenses	0.08	0.08	0.09	0.11	0.1
Operating Expenses	8.09	5.98	3.68	4.69	3.97
Operating Income	-3.7	-4.76	2.08	1.15	0.55
Interest Expense	-1.67	-2.36	-0.68	-0.01	-0
Currency Exchange Gain (Loss)	-	-	-	-0.31	-0.27
Other Non Operating Income (Expenses)	-0	0	-0.34	0.05	0.12
Pretax Income	-4.13	-7.12	1.06	0.88	0.4
Income Tax Expense	0.01	0.01	0.13	0.56	-0.04
Net Income	-4.14	-7.13	0.93	0.32	0.44
Net Income to Common	-4.14	-7.13	0.93	0.32	0.44
Net Income Growth	-	-	187.92%	-27.34%	-
Shares Outstanding (Basic)	22	20	20	20	20
Shares Outstanding (Diluted)	22	20	20	20	20
Shares Change (YoY)	12.12%	-0.46%	1.86%	-	-
EPS (Basic)	-0.18	-0.35	0.05	0.02	0.02
EPS (Diluted)	-0.19	-0.35	0.05	0.02	0.02
EPS Growth	-	-	187.91%	-19.33%	-
Free Cash Flow	-3.23	-4.68	-3.92	3.29	-1.5
Free Cash Flow Per Share	-0.14	-0.23	-0.19	0.16	-0.07
Gross Margin	28.23%	8.69%	27.46%	16.89%	34.52%
Operating Margin	-23.73%	-34.09%	9.91%	3.32%	4.20%
Profit Margin	-26.58%	-51.05%	4.43%	0.94%	3.39%
Free Cash Flow Margin	-20.72%	-33.49%	-18.69%	9.52%	-11.42%
EBITDA	-2.93	-4.08	2.68	1.96	1.41
EBITDA Margin	-18.82%	-29.23%	12.77%	5.68%	10.79%
D&A For EBITDA	0.77	0.68	0.6	0.82	0.86
EBIT	-3.7	-4.76	2.08	1.15	0.55
EBIT Margin	-23.73%	-34.09%	9.91%	3.32%	4.20%
Effective Tax Rate	-	-	12.02%	63.30%	-
Advertising Expenses	-	0.27	0.12	0.02	0.08

Updated Nov 19, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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