Covista Communications (Covista Communications) Net Income : $-3.12 Mil (TTM As of Apr. 2005)

Covista Communications Net Income Chart

Covista Communications Annual Data
	Trend	Jan96	Jan97	Jan98	Jan99	Jan00	Jan01	Jan02	Jan03	Jan04	Jan05
Net Income		Get a 7-Day Free Trial					-8.63	-11.97	-9.41	-0.94	-5.33

Covista Communications Quarterly Data
	Jul00	Oct00	Jan01	Apr01	Jul01	Oct01	Jan02	Apr02	Jul02	Oct02	Jan03	Apr03	Jul03	Oct03	Jan04	Apr04	Jul04	Oct04	Jan05	Apr05
Net Income	Get a 7-Day Free Trial															-2.00	-1.15	-2.23	0.05	0.22

Covista Communications 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

Covista Communications's Net Income for the fiscal year that ended in Jan. 2005 is calculated as

Covista Communications's Net Income for the quarter that ended in Apr. 2005 is calculated as

Net Income for the trailing twelve months (TTM) ended in Apr. 2005 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.12 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.

Covista Communications  (OTCPK:CVST) 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:

Covista Communications's Earnings per Share (Diluted) (EPS) for the quarter that ended in Apr. 2005 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:

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.

Covista Communications Net Income Related Terms

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Covista Communications (Covista Communications) Business Description