Accredited Solutions, Inc. income statement ASII

Annual Quarterly

In Q3 of fiscal 2024, the quarter ended Sep 30, 2024, Accredited Solutions, Inc. reported revenue of $241,136, up 46.6% from the same quarter a year earlier. Net income was $4.3 million, a profit margin of 1771.6%. The operating loss came to $375,185, an operating margin of -155.6%.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the same quarter a year earlier.

Line	TTM Sep 30, 2024	Q3 FY2024 Sep 30, 2024	Q2 FY2024 Jun 30, 2024	Q1 FY2024 Mar 31, 2024	Q4 FY2023 Dec 31, 2023	Q3 FY2023 Sep 30, 2023	Q2 FY2023 Jun 30, 2023	Q1 FY2023 Mar 31, 2023	Q4 FY2022 Dec 31, 2022
Revenue	1 -15.3%	0 +46.6%	0 -54.0%	0 -30.0%	0 -10.8%	0 -20.3%	0 +96.7%	0	0
Cost of revenue	0 -9.9%	0 +56.1%	0 -67.0%	0 -8.2%	0 -2.3%	0 -26.9%	0 +98.6%	0	0
Gross profit	0 -34.7%	0 +19.6%	0 -18.1%	-0 -137.8%	0 -60.1%	0 +7.1%	0 +91.5%	0	0
Selling, general and administrative	1 +139.1%	0 +499.0%	0 +1889.1%	0 -23.8%	0 +6.1%	0 -44.8%	0 -96.1%	0	0
Operating income	-1 -269.1%	-0 -994.0%	-0 -132.1%	-0 -24.1%	-0 -10.4%	-0 +63.9%	0 +194.3%	-0	-0 -200963.3%
Net income	3 +160.0%	4 +1802.2%	-2 -39.5%	-0 +68.3%	0 +120.4%	-0 -151.9%	-1 -180.3%	-0 -8119.1%	-2
Weighted average shares, basic	—	1,971 +181.5%	1,373 +105.4%	1,050	—	700	668	—	—
Weighted average shares, diluted	—	—	—	1,050	—	700 +6.2%	668 +132.7%	—	—
Other measures
Depreciation and amortization	0 -69.7%	0 -55.1%	0 -64.9%	0 -64.9%	0 -81.0%	0 -8.5%	0 +114.1%	0	0
EBITDA	-1 -393.5%	-0 -1238.3%	-0 -122.3%	-0 -39.6%	-0 -41.5%	-0 +68.4%	0 +219.5%	-0	-0 -149940.0%
Interest coverage	-1.19x	-10.46x	-0.65x	-0.55x	-0.26x	-0.72x	1.02x	-1.15x	-0.13x
Margins
Gross margin	16.63%	21.28%	47.46%	-9.07%	6.60%	26.08%	26.68%	16.80%	14.74%
Operating margin	-87.86%	-155.59%	-15.06%	-62.93%	-45.64%	-20.85%	21.59%	-35.49%	-36.87%
Profit margin	434.90%	1,771.62%	-2,032.16%	-67.02%	332.11%	-152.55%	-670.19%	-148.14%	-1,448.40%
EBITDA margin	-85.93%	-154.39%	-12.24%	-60.28%	-43.65%	-16.91%	25.30%	-30.22%	-27.50%

How these figures are calculated

Quarterly columns are single-quarter amounts. When a 10-Q reports only a year-to-date total, as cash flow statements do, the quarter is that total minus the previous quarter's year-to-date total. The fourth quarter is the annual report's full year minus the first nine months. A column marked YTD is a year-to-date total, shown when the earlier report needed for the single quarter is missing. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.

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Company profile

Industry: Beverages (SIC 2080)
Listed as: ASII (OTC)
Fiscal year ends: December 31
Incorporated in: NV
Headquarters: Cornelius, NC
SEC filer status: Non-accelerated filer, Smaller reporting company
SEC CIK: 1464865
Former names: Good Hemp, Inc. (until Jun 21, 2022); Lone Star Gold, Inc. (until Sep 17, 2019); Keyser Resources, Inc. (until May 12, 2011)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.