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Friendable (Friendable) Net Income : $-3.78 Mil (TTM As of Sep. 2022)


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What is Friendable 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. Friendable's Net Income for the three months ended in Sep. 2022 was $-1.37 Mil. Its Net Income for the trailing twelve months (TTM) ended in Sep. 2022 was $-3.78 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Friendable's Earnings per Share (Diluted) for the three months ended in Sep. 2022 was $-0.14.


Friendable Net Income Historical Data

The historical data trend for Friendable'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.

Friendable Net Income Chart

Friendable Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -5.64 -3.12 -10.18 -4.13 -2.91

Friendable Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.32 -0.94 -0.71 -0.76 -1.37

Friendable 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

Friendable's Net Income for the fiscal year that ended in Dec. 2021 is calculated as

Net Income(A: Dec. 2021 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-2.905+0+0+0
=-2.91

Friendable's Net Income for the quarter that ended in Sep. 2022 is calculated as

Net Income(Q: Sep. 2022 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-1.372+0+0+0
=-1.37

Net Income for the trailing twelve months (TTM) ended in Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.78 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.


Friendable  (OTCPK:FDBL) 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:

Friendable's Earnings per Share (Diluted) (EPS) for the quarter that ended in Sep. 2022 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.


Friendable Net Income Related Terms

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Friendable (Friendable) Business Description

Traded in Other Exchanges
N/A
Address
1821 S Bascom Avenue, Suite 353, Campbell, CA, USA, 95008
Friendable Inc is a mobile-focused technology and marketing company, that connects and engages with its users. The company's products and services include The Fan Pass Live music which is a subscription-based app and the online subscription-based Artist Republik suite of artist-centric services that include music distribution for artists, while fans can enjoy access to a variety of artist channels across different genres, exclusive live events, behind-the-scenes content, artist merchandising. The FeaturedX business segment provides a place where artists can book a guest feature, co-write, composition or live instrumental tracking for artists releasing their next single or looking to extend reach and exposure by tapping into these available resources for music production and collaboration.
Executives
Rositano Robert A Jr director, officer: CEO & Secretary 1696 DELL AVENUE, CAMPBELL CA 95008
Dean Rositano director, officer: President & CTO 1696 DELL AVENUE, CAMPBELL CA 95008
Copper Creek Holdings, Llc 10 percent owner 3846 MOANNA WAY, SANTA CRUZ CA 95062
Stacy L. Rositano 10 percent owner 3846 MOANNA WAY, SANTA CRUZ CA 95062
Andrew A Brodkey director, officer: President and CEO 4960 N. CAMINO ANTONIO, TUSCON AZ 85718
Frank Garcia officer: CFO 3040 N. CAMPBELL AVE. SUITE #110, TUCSON AZ 85719
Ronald Richman director 3040 N. CAMPBELL AVE. SUITE #110, TUCSON AZ 85719
Jodi Henderson officer: Corporate Secretary 7033 EAST CALLE BETELGEUX, TUCSON AZ 85710
David Hackman officer: VP of Exploration 3040 NORTH CAMPBELL AVE., SUITE 110, TUCSON AZ 85719
David Ohad director, 10 percent owner, officer: PRESIDENT HANCHALA 2, #5023, PARDES HANNA - KARKU L3 37000

Friendable (Friendable) Headlines

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