CleanSpark Historical Income Statement
| CLSK Stock | USD 19.23 0.31 1.59% |
Historical analysis of CleanSpark income statement accounts such as Other Operating Expenses of 352.2 M, Total Operating Expenses of 184 M or Selling General Administrative of 38.3 M can show how well CleanSpark performed in making a profits. Evaluating CleanSpark income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of CleanSpark's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining CleanSpark latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether CleanSpark is a good buy for the upcoming year.
CleanSpark |
About CleanSpark Income Statement Analysis
CleanSpark Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to CleanSpark shareholders. The income statement also shows CleanSpark investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
CleanSpark Income Statement Chart
CleanSpark Income Statement is one of the three primary financial statements used for reporting CleanSpark's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of CleanSpark revenue and expense. CleanSpark Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, CleanSpark's Cost Of Revenue is quite stable compared to the past year. Income Tax Expense is expected to rise to about 1 M this year, although the value of EBIT is projected to rise to (105 M). Add Fundamental
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of CleanSpark. It is also known as CleanSpark overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Most accounts from CleanSpark's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into CleanSpark current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CleanSpark. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For more information on how to buy CleanSpark Stock please use our How to buy in CleanSpark Stock guide.At this time, CleanSpark's Cost Of Revenue is quite stable compared to the past year. Income Tax Expense is expected to rise to about 1 M this year, although the value of EBIT is projected to rise to (105 M).
CleanSpark income statement Correlations
Click cells to compare fundamentals
CleanSpark Account Relationship Matchups
High Positive Relationship
High Negative Relationship
CleanSpark income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 10.4M | 154.1K | 1.1M | 3.0M | 3.4M | 1.7M | |
| Other Operating Expenses | 25.2M | 65.1M | 148.1M | 291.7M | 335.5M | 352.2M | |
| Operating Income | (15.1M) | (15.7M) | (16.1M) | (131.0M) | (117.9M) | (112.0M) | |
| Ebit | (15.1M) | (15.7M) | (16.1M) | (122.8M) | (110.5M) | (105.0M) | |
| Ebitda | (12.2M) | (2.7M) | 33.0M | (2.1M) | (2.4M) | (2.3M) | |
| Total Operating Expenses | 17.3M | 51.2M | 106.9M | 152.4M | 175.3M | 184.0M | |
| Income Before Tax | (23.3M) | (21.8M) | (40.1M) | (131.3M) | (118.2M) | (112.3M) | |
| Net Income | (33.8M) | (22.5M) | (57.7M) | (136.6M) | (122.9M) | (116.8M) | |
| Total Other Income Expense Net | (8.2M) | (6.1M) | (24.0M) | (5.5M) | (5.0M) | (5.2M) | |
| Selling General Administrative | 14.4M | 38.9M | 57.8M | 31.7M | 36.4M | 38.3M | |
| Depreciation And Amortization | 2.9M | 13.0M | 49.0M | 120.7M | 138.8M | 145.8M | |
| Total Revenue | 10.0M | 49.4M | 131.5M | 168.4M | 193.7M | 203.4M | |
| Gross Profit | 2.1M | 35.5M | 90.3M | 29.1M | 33.5M | 17.4M | |
| Net Income From Continuing Ops | (23.3M) | (28.6M) | (40.1M) | (132.2M) | (118.9M) | (113.0M) | |
| Cost Of Revenue | 7.9M | 14.0M | 41.2M | 139.3M | 160.2M | 168.2M | |
| Net Income Applicable To Common Shares | (26.1M) | (23.3M) | (21.8M) | (57.3M) | (51.6M) | (49.0M) | |
| Income Tax Expense | 10.5M | 698.9K | 17.6M | 857K | 985.6K | 1.0M | |
| Interest Income | 308.8K | 221.5K | 190.5K | 481K | 432.9K | 411.3K | |
| Net Interest Income | (10.4M) | 67.4K | (887.3K) | (2.5M) | (2.2M) | (2.4M) | |
| Reconciled Depreciation | 2.9M | 12.2M | 49.0M | 120.7M | 138.8M | 145.8M |
Pair Trading with CleanSpark
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CleanSpark position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CleanSpark will appreciate offsetting losses from the drop in the long position's value.Moving together with CleanSpark Stock
| 0.71 | WU | Western Union Financial Report 7th of May 2024 | PairCorr |
Moving against CleanSpark Stock
| 0.58 | JG | Aurora Mobile | PairCorr |
| 0.58 | KE | Kimball Electronics Financial Report 2nd of May 2024 | PairCorr |
| 0.52 | MX | MagnaChip Semiconductor Financial Report 1st of May 2024 | PairCorr |
| 0.49 | DV | DoubleVerify Holdings Financial Report 8th of May 2024 | PairCorr |
| 0.43 | G | Genpact Limited Financial Report 8th of May 2024 | PairCorr |
The ability to find closely correlated positions to CleanSpark could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CleanSpark when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CleanSpark - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CleanSpark to buy it.
The correlation of CleanSpark is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CleanSpark moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CleanSpark moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for CleanSpark can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CleanSpark. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For more information on how to buy CleanSpark Stock please use our How to buy in CleanSpark Stock guide.You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for CleanSpark Stock analysis
When running CleanSpark's price analysis, check to measure CleanSpark's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CleanSpark is operating at the current time. Most of CleanSpark's value examination focuses on studying past and present price action to predict the probability of CleanSpark's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CleanSpark's price. Additionally, you may evaluate how the addition of CleanSpark to your portfolios can decrease your overall portfolio volatility.
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Is CleanSpark's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CleanSpark. If investors know CleanSpark will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CleanSpark listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.69) | Revenue Per Share 1.639 | Quarterly Revenue Growth 1.652 | Return On Assets (0.07) | Return On Equity (0.12) |
The market value of CleanSpark is measured differently than its book value, which is the value of CleanSpark that is recorded on the company's balance sheet. Investors also form their own opinion of CleanSpark's value that differs from its market value or its book value, called intrinsic value, which is CleanSpark's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CleanSpark's market value can be influenced by many factors that don't directly affect CleanSpark's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CleanSpark's value and its price as these two are different measures arrived at by different means. Investors typically determine if CleanSpark is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CleanSpark's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.