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PGFF (Pioneer Green Farms) Net Income : $-2.23 Mil (TTM As of Sep. 2024)


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What is Pioneer Green Farms 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. Pioneer Green Farms's Net Income for the three months ended in Sep. 2024 was $-1.63 Mil. Its Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was $-2.23 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Pioneer Green Farms's Earnings per Share (Diluted) for the three months ended in Sep. 2024 was $-0.06.


Pioneer Green Farms Net Income Historical Data

The historical data trend for Pioneer Green Farms'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.

Pioneer Green Farms Net Income Chart

Pioneer Green Farms Annual Data
Trend Dec22 Dec23
Net Income
-0.62 -0.40

Pioneer Green Farms Quarterly Data
Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.11 -0.07 -0.23 -0.31 -1.63

Pioneer Green Farms 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

Pioneer Green Farms'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
=-0.403+0+0+0
=-0.40

Pioneer Green Farms's Net Income for the quarter that ended in Sep. 2024 is calculated as

Net Income(Q: Sep. 2024 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-1.627+0+0+0
=-1.63

Net Income for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.23 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.


Pioneer Green Farms  (OTCPK:PGFF) 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:

Pioneer Green Farms's Earnings per Share (Diluted) (EPS) for the quarter that ended in Sep. 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.


Pioneer Green Farms Net Income Related Terms

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Pioneer Green Farms Business Description

Traded in Other Exchanges
N/A
Address
1301 10th Avenue East, Suite G, Palmetto, FL, USA, 34221
Pioneer Green Farms Inc is engaged in growing hemp flowers from seeds to oil. The seed is planted and harvested then extracted to oil. The Company engages an extraction facility to extract the oil from the plants. Its Vision is to grow the highest quality hemp flower and provide organic products on its owned and family-operated farms. The hemp is hand-seeded, cultivated, and harvested at optimum bloom. In addition to hemp cultivation, at the Drymon Farm, it is also producing peaches, lychee, dragon fruit, passion fruit, and longan fruit stock trees for resale.

Pioneer Green Farms Headlines