Newsmax Inc. (NMAX)

Newsmax Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022
Revenue	155.77	135.28	135.31
Revenue Growth (YoY)	-	-0.03%	-
Cost of Revenue	82.7	79.46	76.38
Gross Profit	73.07	55.82	58.93
Selling, General & Admin	131.77	73.82	75.85
Operating Expenses	134.94	76.99	78.41
Operating Income	-61.88	-21.17	-19.47
Interest Expense	-0.08	-0.04	-0.02
Interest & Investment Income	0.11	0.14	0.3
Other Non Operating Income (Expenses)	3.25	3.19	-0.2
EBT Excluding Unusual Items	-58.61	-17.88	-19.4
Gain (Loss) on Sale of Investments	0.18	0.05	-0.52
Asset Writedown	0	-23.93	-
Pretax Income	-58.42	-41.76	-19.92
Income Tax Expense	0.02	0.02	0.02
Net Income	-58.44	-41.78	-19.94
Preferred Dividends & Other Adjustments	5.82	5.79	5.79
Net Income to Common	-64.26	-47.57	-25.73
Shares Outstanding (Basic)	82	82	82
Shares Outstanding (Diluted)	82	82	82
EPS (Basic)	-0.78	-0.58	-0.31
EPS (Diluted)	-0.78	-0.58	-0.31
Free Cash Flow	-5.35	-4.75	-13.2
Free Cash Flow Per Share	-0.07	-0.06	-0.16
Gross Margin	46.91%	41.26%	43.55%
Operating Margin	-39.72%	-15.65%	-14.39%
Profit Margin	-41.25%	-35.16%	-19.01%
Free Cash Flow Margin	-3.44%	-3.51%	-9.76%
EBITDA	-56.66	-17.49	-16.91
EBITDA Margin	-36.38%	-12.93%	-12.50%
D&A For EBITDA	5.21	3.67	2.56
EBIT	-61.88	-21.17	-19.47
EBIT Margin	-39.72%	-15.65%	-14.39%
Revenue as Reported	155.77	135.28	135.31
Advertising Expenses	-	16.98	29.87

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

SEC Filings: 10-K · 10-Q