GURUFOCUS.COM » STOCK LIST » Technology » Software » Tesspay Inc (AMEX:TPI) » Definitions » Net Income

Tesspay (Tesspay) Net Income : $-0.77 Mil (TTM As of Dec. 2023)


View and export this data going back to 2050. Start your Free Trial

What is Tesspay Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Tesspay's Net Income for the three months ended in Dec. 2023 was $-0.45 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.77 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Tesspay's Earnings per Share (Diluted) for the three months ended in Dec. 2023 was $-0.03.


Tesspay Net Income Historical Data

The historical data trend for Tesspay's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Tesspay Net Income Chart

Tesspay Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Net Income
-0.48 -1.24 -2.34 -2.05

Tesspay Quarterly Data
Dec20 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23
Net Income Get a 7-Day Free Trial -0.54 -0.87 - -0.32 -0.45

Tesspay Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Tesspay's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-2.045+0+0+0
=-2.05

Tesspay's Net Income for the quarter that ended in Dec. 2023 is calculated as

Net Income(Q: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-0.447+0+0+0
=-0.45

Net Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.77 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Tesspay  (AMEX:TPI) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Tesspay's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Tesspay Net Income Related Terms

Thank you for viewing the detailed overview of Tesspay's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.


Tesspay (Tesspay) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
9160 Forum Corporate Parkway, Suite 350, Fort Myers, FL, USA, 33905
Tesspay Inc is Fintech Platform company. It has developed a financial technology platform for securing and streamlining financial transactions that utilizes blockchain technology to provide payment assurance and liquidity through a finance supply chain. The Platform makes use of smart contracts, as programmatic representations of the terms of a legal contract between transacting parties, to affect automated financial settlements (account balance computations) to the supply chain participants.

Tesspay (Tesspay) Headlines

No Headlines