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INVO Bioscience, Inc. (IVOB)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14
   10-K10-K10-K/A10-K10-K10-K10-K10-K
Revenues:  
    License Revenue    0.7     
    Product Revenue    0.8     
Total revenues   [+]4.21.01.50.50.30.10.00.0
            Revenue growth  301.1%-29.9%199.4%75.2%454.3%335.5%-29.5%-38.7%
Cost of goods sold  0.10.10.10.10.10.00.00.0
Gross profit  4.00.91.30.40.20.00.00.0
            Gross margin  96.5%91.4%90.6%81.7%81.6%70.3%33.2%53.7%
Selling, general and administrative  9.06.13.13.00.92.10.61.7
Research and development  0.20.4      
Equity in earnings  -0.3       
Other operating expenses  0.00.00.0     
EBITDA   [+]-5.5-5.5-1.8-2.6-0.6-2.1-0.6-1.7
            EBITDA margin  -132.6%-530.5%-120.1%-531.8%-226.0%-4142.4%-5042.7%-10067.8%
Depreciation  0.00.00.00.00.00.00.00.0
EBITA  -5.5-5.5-1.8-2.6-0.6-2.1-0.6-1.7
            EBITA margin  -133.2%-531.5%-120.8%-532.8%-227.0%-4146.1%-5090.9%-10131.3%
Amortization of intangibles  0.00.0      
EBIT   [+]-5.5-5.5-1.8-2.6-0.6-2.1-0.6-1.7
            EBIT margin  -133.3%-531.7%-120.8%-532.8%-227.0%-4146.1%-5090.9%-10131.3%
Interest expense, net   [+]1.32.80.40.40.00.00.0 
Other income (expense), net   [+]0.2   0.0 -4.3-0.1
Pre-tax income  -6.7-8.3-2.2-3.1-0.7-2.1-5.0-1.7
Income taxes  0.00.00.00.00.00.00.00.0
            Tax rate     0.0%0.0%0.0%0.0%0.0%
Net income  -6.7-8.3-2.2-3.1-0.7-2.1-5.0-1.7
            Net margin  -161.1%-800.2%-146.4%-622.2%-248.9%-4173.3%-42426.6%-10444.1%
   
Basic EPS   [+]($0.63)($1.51)($0.45)($0.02)$0.00($0.02)($0.04)($0.02)
Diluted EPS   [+]($0.63)($1.51)($0.45)($0.02)$0.00($0.02)($0.04)($0.02)
   
Shares outstanding (basic)   [+]10.65.54.9147.3141.3139.2128.6112.7
Shares outstanding (diluted)   [+]10.65.54.9147.3141.3139.2128.6112.7
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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