Live Energy Minerals (XCNQ:LIVE) Net Income : C$-0.15 Mil (TTM As of Jan. 2024)

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What is Live Energy Minerals 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. Live Energy Minerals's Net Income for the three months ended in Jan. 2024 was C$-0.04 Mil. Its Net Income for the trailing twelve months (TTM) ended in Jan. 2024 was C$-0.15 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Live Energy Minerals's Earnings per Share (Diluted) for the three months ended in Jan. 2024 was C$-0.00.

Live Energy Minerals Net Income Historical Data

The historical data trend for Live Energy Minerals'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.

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Live Energy Minerals Net Income Chart

Live Energy Minerals Annual Data

Trend

Oct21

Oct22

Oct23

Net Income

-0.03

-0.18

-0.13

Live Energy Minerals Quarterly Data
	Apr21	Jul21	Oct21	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Net Income	Get a 7-Day Free Trial						-0.02	-0.03	-0.03	-0.05	-0.04

Live Energy Minerals 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

Live Energy Minerals's Net Income for the fiscal year that ended in Oct. 2023 is calculated as

	Net Income		(A: Oct. 2023 )
=	Pre-Tax Income	+	Tax Provision	+	Net Income (Discontinued Operations)	+	Others
=	-0.126	+	0	+	0	+	0
=	-0.13

Live Energy Minerals'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
=	-0.039	+	0	+	0	+	0
=	-0.04

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 C$-0.15 Mil.

Live Energy Minerals (XCNQ:LIVE) 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:

Live Energy Minerals's Earnings per Share (Diluted) (EPS) for the quarter that ended in Jan. 2024 is calculated as

Earnings per Share (Diluted) (Q: Jan. 2024 )	=	(Net Income	-	Preferred Dividends)	/	Shares Outstanding (Diluted Average)
	=	(-0.039	-	0)	/	18.221
	=	-0.00

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.

Live Energy Minerals Net Income Related Terms

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Live Energy Minerals (XCNQ:LIVE) Business Description

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GTREF:USA

Address

810 - 789 West Pender Street, Vancouver, BC, CAN, V6C 1H2

Website

https://www.liveenergyminerals.com

Live Energy Minerals Corp is an exploration of resource properties. It holds interests in the Skygold Project located in the Cariboo Placer Region in British Columbia and also has the McDermitt Lithium Property. The company has one business segment the exploration of resource properties, in two geographic locations Canada and the United States.