GURUFOCUS.COM » STOCK LIST » Technology » Software » Rivulet Entertainment Inc (OTCPK:RIVF) » Definitions » Net Income

RIVF (Rivulet Entertainment) Net Income : $-0.32 Mil (TTM As of Mar. 2024)


View and export this data going back to 2007. Start your Free Trial

What is Rivulet Entertainment 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. Rivulet Entertainment's Net Income for the three months ended in Mar. 2024 was $0.03 Mil. Its Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.32 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Rivulet Entertainment's Earnings per Share (Diluted) for the three months ended in Mar. 2024 was $0.00.


Rivulet Entertainment Net Income Historical Data

The historical data trend for Rivulet Entertainment'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.

Rivulet Entertainment Net Income Chart

Rivulet Entertainment Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.07 -0.08 -0.08 -0.05 -0.31

Rivulet Entertainment Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 -0.07 -0.13 -0.13 0.03 -0.08

Rivulet Entertainment 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

Rivulet Entertainment'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
=-0.311+0+0+0
=-0.31

Rivulet Entertainment's Net Income for the quarter that ended in Mar. 2024 is calculated as

Net Income(Q: Mar. 2024 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=0.03+0+0+0
=0.03

Net Income for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.32 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.


Rivulet Entertainment  (OTCPK:RIVF) 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:

Rivulet Entertainment's Earnings per Share (Diluted) (EPS) for the quarter that ended in Mar. 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.


Rivulet Entertainment Net Income Related Terms

Thank you for viewing the detailed overview of Rivulet Entertainment's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.


Rivulet Entertainment Business Description

Traded in Other Exchanges
N/A
Address
7659 E. Wood Drive, Scottsdale, AZ, USA, 85260
Rivulet Entertainment Inc, formerly Advanced Voice Recognition Systems Inc is a software development company that is engaged in creating interface and application solutions for speech recognition technologies. It holds six issued patents and is also involved in patent monetization.
Executives
Blake Thorshov 10 percent owner 1112 SECOND STREET, LOS OSOS CA 93402
Michael Davis other: Consultant 1933 EAST MCDOWELL ROAD, PHOENIX AZ 85006
Joseph Miglietta other: Consultant 10353 EAST SUTTON, SCOTTSDALE AZ 85260
Douglas Holt other: Consultant 1465 EAST TIERRA STREET, GILBERT AZ 85297
Walter Geldenhuys director, 10 percent owner, officer: See Remarks 112 E SPRUCE STREET, MITCHELL SD 57301
Getty Don director 1273 POTTER GREENS DRIVE, EDMONTON A0 T5T 5Y8
Diane Jakowchuk officer: See Remarks 7659 EAST WOOD DRIVE, SCOTTSDALE AZ 85260
Lisa Robin Jacobson director, officer: Secretaty/Treasurer 9 REGAL WAY, SHERWOOD PARK A0 T8A 5N1
Stone Canyon Resources Inc. 10 percent owner 1530 - 9TH AVENUE SE, CALGARY A0 T2G 0T7
Christopher Yee director, 10 percent owner, officer: President #2 - 136 STONECREEK ROAD, CANMORE A0 T1W 3A5
Wally Yee director, 10 percent owner 9716 OAKHILL DRIVE S.W., CALGARY A0 T2V 3W5
Dave Burroughs director, 10 percent owner 11531-15 AVENUE, EDMONTON A0 T6J 7C9
Daniel R Koyich director, officer: Secretary / Treasurer 1451 ACADIA DRIVE S.E., CALGARY A0 T2J 5B1
Scott Koyich 10 percent owner 411 CLEARWATER LANDING SW, CALGARY A0 T3Z 3T8