Seafarer Exploration Corp.
Seafarer Exploration Corp. (SFRX) Financial Performance & Income Statement Overview
View comprehensive annual and quarterly summaries for Seafarer Exploration Corp. (SFRX), featuring income statements, balance sheets, and cash flow data.
Seafarer Exploration Corp. (SFRX) Income Statement & Financial Overview
Access detailed annual and quarterly income data for Seafarer Exploration Corp. SFRX financial performance.
| Metric | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|
| Revenue | $6519.00 | $6614.00 | $545.00 | $3170.00 |
| Cost of Revenue | $24622.00 | $0.00 | $17643.00 | $16977.00 |
| Gross Profit | -$18103.00 | $6614.00 | -$17098.00 | -$13807.00 |
| Gross Profit Ratio | -$2.78 | $1.00 | -$31.37 | -$4.36 |
| R&D Expenses | $90870.00 | $110309.00 | $157055.00 | $131928.00 |
| SG&A Expenses | $530194.00 | $536362.00 | $598835.00 | $952431.00 |
| Operating Expenses | $667427.00 | $740058.00 | $805465.00 | $1.08M |
| Total Costs & Expenses | $692049.00 | $740058.00 | $823108.00 | $1.10M |
| Interest Income | $0.00 | $0.00 | $0.00 | $0.00 |
| Interest Expense | $149758.00 | $36201.00 | $123070.00 | $59499.00 |
| Depreciation & Amortization | $24622.00 | $17194.00 | $17098.00 | $16977.00 |
| EBITDA | -$660597.00 | -$715679.00 | -$840430.00 | -$1.24M |
| EBITDA Ratio | -$101.33 | -$108.21 | -$1542.07 | -$389.78 |
| Operating Income | -$685530.00 | -$733444.00 | -$823108.00 | -$1.10M |
| Operating Income Ratio | -$105.16 | -$110.89 | -$1510.29 | -$346.43 |
| Other Income/Expenses (Net) | -$149447.00 | -$35630.00 | -$157490.00 | -$213904.00 |
| Income Before Tax | -$834977.00 | -$769074.00 | -$980598.00 | -$1.31M |
| Income Before Tax Ratio | -$128.08 | -$116.28 | -$1799.26 | -$413.90 |
| Income Tax Expense | $0.00 | $0.00 | $0.00 | $3.00 |
| Net Income | -$834977.00 | -$769074.00 | -$980598.00 | -$1.31M |
| Net Income Ratio | -$128.08 | -$116.28 | -$1799.26 | -$413.90 |
| EPS | -$0.00 | -$0.00 | -$0.00 | -$0.00 |
| Diluted EPS | -$0.00 | -$0.00 | -$0.00 | -$0.00 |
| Weighted Avg Shares Outstanding | $8.94B | $8.64B | $8.54B | $8.44B |
| Weighted Avg Shares Outstanding (Diluted) | $8.94B | $8.64B | $8.54B | $8.44B |
Over the last four quarters, Seafarer Exploration Corp.'s revenue moved from $3170.00 in Q1 2024 to $6519.00 in Q4 2024. Operating income in Q4 2024 was -$685530.00, with a strong operating margin of -10516%. Despite fluctuations in R&D and SG&A expenses, EBITDA for Seafarer Exploration Corp. remained robust at -$660597.00, reflecting operational efficiency. Net income dropped to -$834977.00, with an EPS of -$0.00. Disciplined expense management helped sustain profitability, highlighting solid overall financial performance.
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