SMFL
Income statement / Annual
Last year (2023), Smart for Life, Inc.'s total revenue was $8.23 M,
a decrease of 53.70% from the previous year.
In 2023, Smart for Life, Inc.'s net income was -$22.68 M.
See Smart for Life, Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
| Operating Revenue |
$8.23 M
|
$17.77 M
|
$9.02 M
|
$1.96 M
|
$2.36 M
|
| Cost of Revenue |
$5.14 M |
$12.89 M |
$6.12 M |
$1.83 M |
$2.32 M |
| Gross Profit |
$3.09 M |
$4.88 M |
$2.90 M |
$127,966.00 |
$48,189.00 |
| Gross Profit Ratio |
0.38 |
0.27 |
0.32 |
0.07 |
0.02 |
| Research and Development
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative
Expenses |
$9.82 M
|
$17.11 M
|
$7.42 M
|
$1.86 M
|
$2.28 M
|
| Selling & Marketing
Expenses |
$361,815.00
|
$3.43 M
|
$1.02 M
|
$36,593.00
|
$28,306.00
|
| Selling, General &
Administrative Expenses |
$10.18 M
|
$17.11 M
|
$7.42 M
|
$1.86 M
|
$2.28 M
|
| Other Expenses |
$13.68 M |
$2.15 M |
$717,925.00 |
$166,613.00 |
$169,380.00 |
| Operating Expenses |
$15.11 M |
$19.26 M |
$8.14 M |
$2.03 M |
$2.45 M |
| Cost And Expenses |
$25.38 M |
$32.15 M |
$14.26 M |
$3.86 M |
$4.77 M |
| Interest Income |
$0.00 |
$15.92 M |
$2.51 M |
$1.25 M |
$624,493.00 |
| Interest Expense |
$4.63 M |
$15.92 M |
$2.51 M |
$1.25 M |
$624,493.00 |
| Depreciation &
Amortization |
$2.27 M
|
$2.15 M
|
$717,925.00
|
$166,613.00
|
$169,380.00
|
| EBITDA |
-$14.21 M
|
-$10.06 M
|
-$4.54 M
|
-$1.75 M
|
-$2.22 M
|
| EBITDA Ratio |
-1.73 |
-0.69 |
-0.5 |
-0.89 |
-0.94 |
| Operating Income Ratio
|
-2.09
|
-0.81
|
-0.58
|
-0.97
|
-1.02
|
| Total Other
Income/Expenses Net |
-$3.96 M
|
-$18.03 M
|
-$2.52 M
|
-$1.27 M
|
-$611,203.00
|
| Income Before Tax |
-$21.12 M |
-$29.98 M |
-$7.77 M |
-$3.17 M |
-$3.02 M |
| Income Before Tax Ratio
|
-2.57
|
-1.69
|
-0.86
|
-1.62
|
-1.27
|
| Income Tax Expense |
$0.00 |
$1.85 M |
$2.50 M |
$1.24 M |
$145,020.00 |
| Net Income |
-$22.68 M |
-$31.83 M |
-$10.26 M |
-$4.41 M |
-$3.16 M |
| Net Income Ratio |
-2.76 |
-1.79 |
-1.14 |
-2.25 |
-1.34 |
| EPS |
-377.93 |
0 |
0 |
0 |
0 |
| EPS Diluted |
-377.93 |
0 |
0 |
0 |
0 |
| Weighted Average Shares
Out |
$60,000.00
|
$4,177.00
|
$6,528.00
|
$1,914.00
|
$6,530.00
|
| Weighted Average Shares
Out Diluted |
$60,000.00
|
$4,177.00
|
$6,528.00
|
$1,914.00
|
$6,530.00
|
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