ToughBuilt Industries, Inc. (TBLT)

ToughBuilt Industries Income Statement

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

Fiscal Year	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	76.27	95.25	70.03	39.43	19.09
Revenue Growth (YoY)	-19.93%	36.03%	77.58%	106.57%	24.86%
Cost of Revenue	59.87	70.04	50.91	26.57	14.15
Gross Profit	16.41	25.21	19.11	12.86	4.94
Selling, General & Admin	56.04	66.19	51.43	22.19	11.4
Research & Development	12	11.3	6.98	5.06	2.12
Operating Expenses	68.04	77.49	58.41	27.25	13.52
Operating Income	-51.63	-52.28	-39.3	-14.39	-8.58
Interest Expense	-1.7	-1.91	-0.3	-1.15	-0.97
Currency Exchange Gain (Loss)	-	-	-	-1.81	-
Other Non Operating Income (Expenses)	12.47	14.89	2.07	-	5.25
EBT Excluding Unusual Items	-40.87	-39.3	-37.53	-17.35	-4.3
Asset Writedown	-5.58	-	-	-	-
Pretax Income	-46.45	-39.3	-37.53	-17.35	-4.3
Net Income	-46.45	-39.3	-37.53	-17.35	-4.3
Preferred Dividends & Other Adjustments	-	7.47	-	1.3	2.14
Net Income to Common	-46.45	-46.76	-37.53	-18.64	-6.44
Shares Outstanding (Basic)	0	0	0	-	-
Shares Outstanding (Diluted)	0	0	0	-	-
Shares Change (YoY)	275.07%	885.09%	-	-	-
EPS (Basic)	-122.12	-461.15	-3645.41	-	-
EPS (Diluted)	-122.12	-461.15	-3645.41	-	-
Free Cash Flow	-7.6	-42.39	-77.49	-27.56	-11.26
Free Cash Flow Per Share	-19.99	-418.04	-7527.23	-	-
Gross Margin	21.51%	26.47%	27.30%	32.61%	25.86%
Operating Margin	-67.70%	-54.88%	-56.12%	-36.48%	-44.95%
Profit Margin	-60.90%	-49.09%	-53.59%	-47.28%	-33.73%
Free Cash Flow Margin	-9.97%	-44.50%	-110.65%	-69.89%	-58.99%
EBITDA	-45.87	-48.11	-37.46	-13.76	-8.36
EBITDA Margin	-60.14%	-50.51%	-53.50%	-34.89%	-43.77%
D&A For EBITDA	5.76	4.16	1.84	0.63	0.23
EBIT	-51.63	-52.28	-39.3	-14.39	-8.58
EBIT Margin	-67.70%	-54.88%	-56.12%	-36.48%	-44.95%
Revenue as Reported	76.27	95.25	70.03	39.43	19.09
Advertising Expenses	1.02	4.68	9.63	3.49	0.32

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