NWTN Inc.
NWTN Inc. (NWTN) Financial Performance & Income Statement Overview
View comprehensive annual and quarterly summaries for NWTN Inc. (NWTN), featuring income statements, balance sheets, and cash flow data.
NWTN Inc. (NWTN) Income Statement & Financial Overview
Access detailed annual and quarterly income data for NWTN Inc. NWTN financial performance.
| Metric | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|
| Revenue | $3.56M | $3.56M | $0.00 | $291500.00 |
| Cost of Revenue | $4.13M | $4.13M | $0.00 | $260000.00 |
| Gross Profit | -$574000.00 | -$574000.00 | $0.00 | $31500.00 |
| Gross Profit Ratio | -$0.16 | -$0.16 | $0.00 | $0.11 |
| R&D Expenses | $1.07M | $1.07M | $0.00 | $6.41M |
| SG&A Expenses | $6.86M | $6.86M | $0.00 | $17.77M |
| Operating Expenses | $7.92M | $7.92M | $0.00 | $35.22M |
| Total Costs & Expenses | $12.06M | $12.06M | $0.00 | $35.48M |
| Interest Income | $0.00 | $0.00 | $0.00 | $0.00 |
| Interest Expense | $0.00 | $0.00 | $0.00 | $0.00 |
| Depreciation & Amortization | $200000.00 | $200000.00 | -$39586.00 | $87000.00 |
| EBITDA | -$8.30M | -$8.30M | $0.00 | -$24.07M |
| EBITDA Ratio | -$2.33 | -$2.33 | $0.00 | -$82.56 |
| Operating Income | -$8.50M | -$8.50M | $0.00 | -$24.15M |
| Operating Income Ratio | -$2.39 | -$2.39 | $0.00 | -$82.85 |
| Other Income/Expenses (Net) | -$7.84M | -$7.84M | $0.00 | -$10.73M |
| Income Before Tax | -$16.34M | -$16.34M | $0.00 | -$34.88M |
| Income Before Tax Ratio | -$4.59 | -$4.59 | $0.00 | -$119.65 |
| Income Tax Expense | $0.00 | $0.00 | $0.00 | -$599500.00 |
| Net Income | -$16.10M | -$16.10M | $0.00 | -$34.28M |
| Net Income Ratio | -$4.52 | -$4.52 | $0.00 | -$117.59 |
| EPS | -$0.06 | -$0.06 | $0.00 | -$0.12 |
| Diluted EPS | -$0.06 | -$0.06 | $0.00 | -$0.12 |
| Weighted Avg Shares Outstanding | $292.20M | $292.20M | $0.00 | $286.19M |
| Weighted Avg Shares Outstanding (Diluted) | $292.20M | $292.20M | $0.00 | $286.19M |
The company's financials show resilient growth, with revenue advancing from $291500.00 in Q2 2023 to $3.56M in Q2 2024. Gross profit remained healthy with margins at -16% in Q2 2024 compared to 11% in Q2 2023. Operating income hit -$8.50M last quarter, sustaining a consistent -239% margin. Changes in R&D and SG&A spending did not hinder EBITDA, which stood at -$8.30M. Net income rose to -$16.10M, while earnings per share reached -$0.06. Strong cost management and operational efficiency kept profitability intact, underlining the company's stable and competitive market performance.
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