SolarBank Corporation (SUUN)

SolarBank Income Statement

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

Year	2023	2022
Revenue	18.4	10.2
Revenue Growth (YoY)	80.41%	-
Cost of Revenue	13.86	8.23
Gross Profit	4.54	1.97
Selling, General & Admin	2.84	2.09
Other Operating Expenses	4.38	0.23
Operating Expenses	7.21	2.33
Operating Income	-2.68	-0.36
Interest Expense / Income	-0	0.15
Other Expense / Income	-5.87	-0.2
Pretax Income	3.19	-0.31
Income Tax	0.95	-0.12
Net Income	2.24	-0.19
Shares Outstanding (Basic)	20	16
Shares Outstanding (Diluted)	37	16
Shares Change	132.71%	-
EPS (Basic)	0.11	-0.01
EPS (Diluted)	0.06	-0.01
Free Cash Flow	0.12	0.16
Free Cash Flow Per Share	0.01	0.01
Gross Margin	24.66%	19.28%
Operating Margin	-14.55%	-3.54%
Profit Margin	12.19%	-1.85%
Free Cash Flow Margin	0.65%	1.57%
Effective Tax Rate	29.79%	-
EBITDA	3.24	-0.13
EBITDA Margin	17.61%	-1.28%
Depreciation & Amortization	0.05	0.03
EBIT	3.19	-0.16
EBIT Margin	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).