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Mass Megawatts Wind Power (Mass Megawatts Wind Power) Net Income : $-0.42 Mil (TTM As of Jan. 2024)


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What is Mass Megawatts Wind Power 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. Mass Megawatts Wind Power's Net Income for the three months ended in Jan. 2024 was $-0.05 Mil. Its Net Income for the trailing twelve months (TTM) ended in Jan. 2024 was $-0.42 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Mass Megawatts Wind Power's Earnings per Share (Diluted) for the three months ended in Jan. 2024 was $-0.00.


Mass Megawatts Wind Power Net Income Historical Data

The historical data trend for Mass Megawatts Wind Power'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.

Mass Megawatts Wind Power Net Income Chart

Mass Megawatts Wind Power Annual Data
Trend Apr09 Apr10 Apr11 Apr12 Apr13 Apr14 Apr21 Apr22 Apr23
Net Income
Get a 7-Day Free Trial Premium Member Only -0.43 -0.46 -0.29 -0.29 -0.35

Mass Megawatts Wind Power Quarterly Data
Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 -0.04 -0.16 -0.19 -0.02 -0.05

Mass Megawatts Wind Power 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

Mass Megawatts Wind Power's Net Income for the fiscal year that ended in Apr. 2023 is calculated as

Net Income(A: Apr. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-0.347+0+0+0
=-0.35

Mass Megawatts Wind Power's Net Income for the quarter that ended in Jan. 2024 is calculated as

Net Income(Q: Jan. 2024 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-0.049+0+0+0
=-0.05

Net Income for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.42 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.


Mass Megawatts Wind Power  (OTCPK:MMMW) 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:

Mass Megawatts Wind Power's Earnings per Share (Diluted) (EPS) for the quarter that ended in Jan. 2024 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.


Mass Megawatts Wind Power Net Income Related Terms

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Mass Megawatts Wind Power (Mass Megawatts Wind Power) Business Description

Traded in Other Exchanges
N/A
Address
100 Boston Turnpike, Suite J9B No. 290, Shrewsbury, MA, USA, 01545
Mass Megawatts Wind Power Inc operates in the development of low-cost, clean energy systems to meet the increasing global demand for energy through the use of environmentally-friendly technologies. The business activity of the group primarily includes producing wind turbines and selling wind-generated electricity. The company's products include MultiAxis Turbosystem and Solar Tracking System. The activities functioned throughout the region of the United States.
Executives
Jonathan Ricker director, 10 percent owner, officer: Chairman and CEO P.O. BOX 60398, WORCESTER MD 01606
Richard Barcia officer: Chief Operating Officer 2663 E 90TH PLACE, DENVER CO 80229
Thomas F Weisz 10 percent owner 20201 E. COUNTRY CLUB DRIVE, APT. 707, AVENTURA FL 33180