SolarBank Income Statement

Financials in millions CAD. Fiscal year is July - June.

Millions CAD. Fiscal year is Jul - Jun.

Year Ending	TTM	Jun 30, 2023	Jun 30, 2022
Revenue	59.65	18.4	10.2
Revenue Growth (YoY)	-	80.41%	-
Cost of Revenue	47.1	13.86	8.23
Gross Profit	12.55	4.54	1.97
Selling, General & Admin	6.74	2.84	2.09
Other Operating Expenses	3.3	4.38	0.23
Operating Expenses	10.04	7.21	2.33
Operating Income	2.51	-2.68	-0.36
Interest Expense / Income	0.21	-0	0.15
Other Expense / Income	-3.79	-5.87	-0.2
Pretax Income	6.09	3.19	-0.31
Income Tax	1.69	0.95	-0.12
Net Income	4.4	2.24	-0.19
Shares Outstanding (Basic)	27	20	16
Shares Outstanding (Diluted)	37	37	16
Shares Change	39.45%	132.71%	-
EPS (Basic)	0.19	0.11	-0.01
EPS (Diluted)	0.10	0.06	-0.01
Free Cash Flow	1.17	1.27	0.16
Free Cash Flow Per Share	0.04	0.07	0.01
Gross Margin	21.04%	24.66%	19.28%
Operating Margin	4.21%	-14.55%	-3.54%
Profit Margin	7.38%	12.19%	-1.85%
Free Cash Flow Margin	1.97%	6.89%	1.57%
Effective Tax Rate	27.68%	29.79%	-
EBITDA	6.43	3.24	-0.13
EBITDA Margin	10.78%	17.61%	-1.28%
Depreciation & Amortization	0.13	0.05	0.03
EBIT	6.3	3.19	-0.16
EBIT Margin	10.56%	17.34%	-1.53%

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).