Nordic American Offshore Revenue, Profits - NAO Quarterly Income Statement

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$0.92 $0.04 (4.55%) NAO stock closing price Oct 15, 2018 (Closing)

Looking at financial statements, along with the Nordic American Offshore stock price, it's management, its economic moat, and industry competitors forms an important part of fundamental analysis. An income statement is one of the three key financial statements furnished by a company, the other two being the balance sheet and the cashflow statement. The income statement is generated for a specific period of time, typically a year or a quarter. The revenue increase to $4.2M for 2018 Q2 impacts the NAO stock. Investors typically check year over year or quarter over quarter revenue growth. Along with Nordic American Offshore assets and Nordic American Offshore free cash flow, Nordic American Offshore profits as shown in profit and loss statement give key insights about the business. The net profit for 2018 Q2 is $-10.09M and the 2018 Q2 revenue is $4.2M.

View and download details of revenue and profits for Nordic American Offshore for latest & last 40 quarters.
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Quarterly
Annual
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Fiscal year is Jan - Dec2018 Q22018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q2
Nordic American Offshore Revenues or Net Sales
4.2M2.82M3.01M5.93M3.64M3.5M2.37M3.96M5.07M
Cost Of Goods Sold (COGS)6.8M5.72M6.57M5.17M5.03M5.49M7.03M6.12M6.48M
Nordic American Offshore Gross Profit
-2.6M-2.9M-1.74M--1.39M-1.99M-3.21M-2.16M-1.41M
Research & Development Expense---------
Selling General & Admin Expense-1.16M1.05M-1.01M1.22M1.08M1.24M1.07M
Income Before Depreciation Depletion Amortization-3.51M-4.07M-2.78M-0.19M-2.4M-3.22M-4.29M-3.41M-2.48M
Depreciation Depletion Amortization4.37M4.26M4.32M4.61M4.32M4.22M4.24M4.26M4.01M
Non Operating Income-0.27M------0.21M--0.1M
Interest Expense1.92M1.36M1.31M1.25M1.19M1.13M1.1M1.02M-
Nordic American Offshore Pretax Income
-10.08M-9.49M-8.38M-5.75M-7.73M-8.46M-9.84M-8.63M-7.39M
Provision for Income Taxes-----0.99M----
MinorityInterest---------
Investment Gains Losses---------
Other Income---------
Income Before Extraordinaries & Disc Operations-10.09M-9.49M-8.37M-5.76M-6.74M-8.46M-9.83M-8.64M-7.39M
Extraordinary Items & Discontinued Operations---------
Nordic American Offshore Profit/ Loss (Net Income)
-10.09M-9.49M-8.37M-5.76M-6.74M-8.46M-9.83M-8.64M-7.39M
Average Shares used to compute Diluted EPS61.99M61.99M61.99M61.99M61.99M33.63M20.69M20.71M20.71M
Average Shares used to compute Basic EPS61.99M61.99M61.99M61.99M61.99M33.63M20.69M20.71M20.78M
Income Before Nonrecurring Items-10.09M-9.49M-8.37M-5.76M-6.74M-8.46M-9.83M-8.64M-7.39M
Income from Nonrecurring Items---------
Nordic American Offshore Earnings Per Share Basic Net
-0.16-0.15-0.14-0.09-0.11-0.25-0.48-0.42-0.36
Nordic American Offshore Earnings Per Share Diluted Net
-0.16-0.15-0.14-0.09-0.11-0.25-0.48-0.42-0.36
EPS Diluted Before Nonrecurring Items-0.16-0.15-0.14-0.09-0.11-0.25-0.48-0.42-0.36
Preferred Dividends Acc Pd---------
Dividends Common0.621.241.24------
Dividend Per Share Common0.010.020.020.020.020.020.030.050.08
All figures in USD. M: Millions of USD, B: Billions of USD.
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The key things to look for in an income statement while doing Nordic American Offshore stock analysis are:

  • Topline: A growing topline, as seen from the Nordic American Offshore revenue chart, as is the case with Nordic American Offshore indicates a growing business. One needs to compare the QoQ topline or sales growth of NAO stock with its peers like NM stock and NAP stock to see if the growth compares well with what can be expected from a company in that industry.
  • Bottom line: The bottomline or the net income figure is arrived at by deducting all expenses from the topline which in this case is $-10.09M for NAO stock. An improving bottomline implies that the company is growing its profits.

The income statement is also called statement of revenue and expense. The NAO financials along with Nordic American Offshore historical stock prices provide a lot of details about the firm.

Nordic American Offshore Income Statement - Key Financial Ratios

PS Ratio (price sales ratio)
3.56
Dividend Yield
7.64%