First Reliance Annual Income Statement (OTCBB:FSRL)

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$5.3 $0.1 (1.92%) FSRL stock closing price Oct 24, 2016 (Closing)

Looking at financial statements, along with the First Reliance stock price, it's management, its economic moat, and industry competitors forms an important part of fundamental analysis.   The income statement gives the investor an understanding of the topline and bottomline numbers of the company and helps investors evaluate if a company has been growing or not. The income statement is always for an accounting period, typically for a year or quarter, and affects the stock. In this case, the FSRL stock is bound to reflect the impact of the YoY growth of $1.9M. First Reliance revenue for 2015 is $21.41M. View revenue and profit details for latest and last 10 financial years.

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Fiscal year is Jan - Dec. 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
First Reliance Net Sales or Revenues
Cost Of Goods Sold (COGS)-0.83M2.02M3.97M6.19M10.18M12.56M13.62M16.76M12.49M
First Reliance Gross Profit
Research & Development Expense----------
Selling General & Admin Expense-17.02M23M20.58M25.76M22.77M34.25M23.78M20.6M17.66M
Income Before Depreciation Depletion Amortization-1.64M-5.91M0.78M-3.93M-0.11M-7.24M3.84M5.47M6.14M
Depreciation Depletion Amortization----------
Non Operating Income----------
Interest Expense-0.32M0.42M0.5M0.31M1.47M2.78M3.67M1.66M1.71M
First Reliance Pretax Income
Provision for Income Taxes--3.08M1.39M0.01M5.13M-1.43M-4.18M-0.45M1.24M1.18M
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations8.81M4.4M-7.73M0.27M-9.38M-0.14M-5.84M0.62M2.56M3.24M
Extraordinary Items & Discontinued Operations----------
First Reliance Net Income (Profit/Loss)
Average Shares used to compute Diluted EPS4.6M4.69M4.29M4.09M4.1M3.94M3.57M3.48M3.56M3.38M
Average Shares used to compute Basic EPS4.49M4.61M4.29M4.09M4.1M3.94M3.57M3.48M3.46M3.38M
Income Before Nonrecurring Items8.81M4.41M-7.74M0.28M-9.38M-0.15M-5.84M0.63M2.56M3.25M
Income from Nonrecurring Items----------
First Reliance Earnings Per Share Basic Net
First Reliance Earnings Per Share Diluted Net
EPS Diluted Before Nonrecurring Items1.600.67-2.07-0.22-2.57-0.32-1.870.180.720.91
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common----------
All figures in USD. M: Millions of USD, B: Billions of USD.

The key things to look for in an income statement while doing First Reliance stock analysis are:
  • Revenue: The money received by selling of goods or services comes under this line item. A YoY growth (See: First Reliance revenue chart) implies that the company is growing, which has been the case with First Reliance. One must stay away from stocks whose revenues are declining.
  • Bottom line: Most businesses like First Reliance try to improve their bottom line by growing their topline and by increasing their operating efficiency. A healthy bottom line growth implies a good investment.
The income statement is also called the profit and loss statement. Apart from the income statement, one can check the First Reliance historical stock prices to check how the price has moved with time. .

First Reliance Income Statement - Key Financial Ratios

PE ratio (price earnings ratio)
PS ratio (
price sales ratio
Net profit margin
Dividend yield