Veritas Farms, Inc. (VFRM)

Veritas Farms Income Statement

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

Year	2022	2021	2020	2019	2018
Revenue	1.06	3.08	6.23	7.29	2.08
Revenue Growth (YoY)	-65.50%	-50.50%	-14.62%	250.58%	86.60%
Cost of Revenue	2.45	4.11	3.27	3.83	1.2
Gross Profit	-1.38	-1.03	2.96	3.46	0.88
Selling, General & Admin	4.08	6.3	10.42	14.59	5.28
Operating Expenses	4.08	6.3	10.42	14.59	5.28
Operating Income	-5.46	-7.33	-7.46	-11.13	-4.41
Interest Income	0.49	0.15	0.13	0.02	0
Interest Expense	0.49	0.15	0.13	0.02	0.03
Other Expense / Income	-0.32	-0.26	0.13	0.02	-
Pretax Income	-5.14	-7.07	-7.59	-11.15	-3.84
Income Tax	-0.81	0.15	0.13	0.02	-0.6
Net Income	-4.34	-7.22	-7.72	-11.17	-3.84
Shares Outstanding (Basic)	42	43	43	35	20
Shares Outstanding (Diluted)	42	43	43	35	20
Shares Change	-4.04%	1.86%	22.68%	75.81%	34.60%
EPS (Basic)	-0.10	-0.17	-0.18	-0.32	-0.19
EPS (Diluted)	-0.10	-0.17	-0.18	-0.32	-0.19
Free Cash Flow	-3.9	-4.84	-3.06	-13.71	-4.76
Free Cash Flow Per Share	-0.09	-0.11	-0.07	-0.39	-0.24
Gross Margin	-130.11%	-33.30%	47.51%	47.46%	42.13%
Operating Margin	-514.01%	-237.75%	-119.87%	-152.63%	-211.85%
Profit Margin	-408.01%	-234.28%	-124.03%	-153.13%	-184.42%
Free Cash Flow Margin	-367.07%	-156.92%	-49.10%	-188.02%	-229.00%
EBITDA	-5.01	-6.83	-6.7	-10.64	-4.13
EBITDA Margin	-470.83%	-221.56%	-107.66%	-145.97%	-198.67%
Depreciation & Amortization	0.46	0.5	0.76	0.49	0.27
EBIT	-5.46	-7.33	-7.46	-11.13	-4.41
EBIT Margin	-514.01%	-237.75%	-119.87%	-152.63%	-211.85%

Sources: The data provider is Financial Modeling Prep and the numbers are sourced from SEC filings.