TURB Q4 2021 Earnings Report — Turbo Energy, S.A. American Depositary Shares Revenue & Financial Results | Market Cap Arena

Turbo Energy, S.A. American Depositary SharesTURB

Q4 2021 Earnings

Reported December 30, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2021	Q3 2021	Q4 2020	QoQ Change	YoY Change
Revenue	$369.0K	$252.5K	—	46.2%	—
Op. Income	-$323.8K	-$305.9K	—	-5.8%	—
Gross Margin	55.2%	36.3%	—	18.8pp	—
Net Margin	-87.6%	-120.8%	—	33.2pp	—
EPS (Diluted)	$-0.16	$-0.15	—	-7.7%	—
Free Cash Flow	-$40.3K	-$104.6K	—	61.5%	—

Income Statement

Item	Amount
REVENUE	$369.0K
Cost of Revenue	$165.4K
GROSS PROFIT	$203.6K
R&D Expenses	$0
Selling & Marketing	$73.4K
General & Administrative	$303.7K
SG&A Expenses	$377.1K
Other Expenses	$0
Operating Expenses	$527.4K
Cost & Expenses	$692.8K
OPERATING INCOME	-$323.8K
Interest Income	$488
Interest Expense	$0
Other Income/Expenses	$488
INCOME BEFORE TAX	-$323.3K
Income Tax Expense	$0
Net Income from Continuing Ops	-$366.6K
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$323.3K
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$366.6K
D&A	$150.3K
EBIT	-$323.8K
EBITDA	-$173.4K
EPS	-$0
EPS Diluted	-$0

Cash Flow Statement

Item	Amount
Net Income	-$323.3K
Depreciation & Amortization	$162.9K
Stock-Based Compensation	$128.2K
Deferred Income Tax	$0
Other Non-Cash Items	$131.6K
Change in Working Capital	-$80.4K
OPERATING CASH FLOW	-$28.9K
Capital Expenditure	-$11.4K
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$3.8K
NET CASH FROM INVESTING	-$15.2K
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	$0
FREE CASH FLOW	-$40.3K
Net Change in Cash	$33.4K