Mynd.ai Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	267.38	411.76	584.68	448.19
Revenue Growth (YoY)	-35.06%	-29.58%	30.45%	-
Cost of Revenue	201.14	311.27	443.6	323.12
Gross Profit	66.24	100.49	141.09	125.07
Selling, General & Admin	75.54	82.44	95.46	91.84
Research & Development	25.25	34.6	41.46	35.59
Operating Expenses	100.8	117.05	136.92	127.44
Operating Income	-34.55	-16.56	4.17	-2.37
Interest Expense	-10.37	-4.66	-1.83	-0.17
Interest & Investment Income	2.66	0.22	0.01	-
Other Non Operating Income (Expenses)	10.01	2.03	0.59	-2.25
EBT Excluding Unusual Items	-32.26	-18.97	2.94	-4.79
Merger & Restructuring Charges	-3.48	-29.48	-0.74	-0.47
Other Unusual Items	-	-	4.92	13.9
Pretax Income	-35.75	-48.45	7.12	8.65
Income Tax Expense	68.73	-9.66	-25.98	1.79
Earnings From Continuing Operations	-104.48	-38.79	33.1	6.86
Earnings From Discontinued Operations	8.76	-0.64	-12.64	-7.96
Net Income	-95.72	-39.43	20.46	-1.1
Net Income to Common	-95.72	-39.43	20.46	-1.1
Shares Outstanding (Basic)	46	43	43	43
Shares Outstanding (Diluted)	46	43	43	43
Shares Change (YoY)	6.66%	0.37%	-	-
EPS (Basic)	-2.10	-0.92	0.48	-0.03
EPS (Diluted)	-2.10	-0.92	0.48	-0.03
Free Cash Flow	-0.5	-2.75	-6.1	-23.1
Free Cash Flow Per Share	-0.01	-0.06	-0.14	-0.54
Gross Margin	24.77%	24.40%	24.13%	27.91%
Operating Margin	-12.92%	-4.02%	0.71%	-0.53%
Profit Margin	-35.80%	-9.58%	3.50%	-0.25%
Free Cash Flow Margin	-0.19%	-0.67%	-1.04%	-5.15%
EBITDA	-28.86	-11.59	8.69	3.75
EBITDA Margin	-10.79%	-2.81%	1.49%	0.84%
D&A For EBITDA	5.7	4.97	4.52	6.12
EBIT	-34.55	-16.56	4.17	-2.37
EBIT Margin	-12.92%	-4.02%	0.71%	-0.53%
Effective Tax Rate	-	-	-	20.67%
Advertising Expenses	4.16	7.22	11.34	8.51

Updated Aug 28, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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