Veritas Farms (Veritas Farms) Pre-Tax Income : $-5.75 Mil (TTM As of Sep. 2023)

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What is Veritas Farms Pre-Tax Income?

Pretax income is the income that a company earns before paying income taxes. Veritas Farms's pretax income for the three months ended in Sep. 2023 was $-1.14 Mil. Its pretax income for the trailing twelve months (TTM) ended in Sep. 2023 was $-5.75 Mil. Veritas Farms's pretax margin was -480.93%.

During the past 7 years, Veritas Farms's highest Pretax Margin was -121.96%. The lowest was -650.79%. And the median was -184.42%.

Veritas Farms Pre-Tax Income Historical Data

The historical data trend for Veritas Farms's Pre-Tax 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.

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Veritas Farms Pre-Tax Income Chart

Veritas Farms Annual Data

Trend

Jan16

Jan17

Dec18

Dec19

Dec20

Dec21

Dec22

Pre-Tax Income

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-3.84

-11.15

-7.59

-7.07

-5.14

Veritas Farms Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Pre-Tax Income	Get a 7-Day Free Trial															-0.98	-2.28	-0.92	-1.42	-1.14

Competitive Comparison of Veritas Farms's Pre-Tax Income

For the Drug Manufacturers - Specialty & Generic subindustry, Veritas Farms's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Veritas Farms's Pre-Tax Income Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Veritas Farms's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where Veritas Farms's Pre-Tax Income falls into.

Veritas Farms Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

Veritas Farms's Pretax Income for the fiscal year that ended in Dec. 2022 is calculated as

Pretax Income	=	Operating Income	+	Non Operating Income	+	Interest Expense	+	Interest Income	+	Other
	=	-5.464	+	0.806	+	-0.486	+	0	+	0
	=	-5.14

Veritas Farms's Pretax Income for the quarter that ended in Sep. 2023 is calculated as

Pretax Income	=	Operating Income	+	Non Operating Income	+	Interest Expense	+	Interest Income	+	Other
	=	-0.84	+	0.059	+	-0.354	+	0	+	0
	=	-1.14

Pre-Tax Income for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-5.75 Mil.

Veritas Farms (OTCPK:VFRM) Pre-Tax Income Explanation

Veritas Farms's Pretax Margin for the quarter that ended in Sep. 2023 is calculated as

Pretax Margin	=	Pretax Income	/	Revenue
	=	-1.135	/	0.236
	=	-480.93%

During the past 7 years, Veritas Farms's highest Pretax Margin was -121.96%. The lowest was -650.79%. And the median was -184.42%.

Veritas Farms Pre-Tax Income Related Terms

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Veritas Farms (Veritas Farms) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Veritas Farms Inc (OTCPK:VFRM) » Definitions » Pre-Tax Income

Comparable Companies

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Address

401 E. Las Olas Boulevard, Suite 1400, Fort Lauderdale, FL, USA, 33001

Website

https://www.theveritasfarms.com

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