Resonate Blends, Inc. income statement KOAN

Annual Quarterly

In fiscal 2024, which ended Dec 31, 2024, Resonate Blends, Inc. reported revenue of $1.9 million, up 11414.5% from the year before. It recorded a net loss of $2.1 million. The operating loss came to $1.7 million, an operating margin of -89.5%. Diluted earnings per share were -$0.02. Over the twelve months ended Mar 31, 2025, revenue was $2.2 million and net income was $1.1 million. Across the 9 fiscal years shown, revenue grew from $317,468 in fiscal 2015 to $1.9 million in fiscal 2024, about 25.0% a year.

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

Line	FY 2025 Mar 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017	FY 2016 Dec 31, 2016	FY 2015 Dec 31, 2015
Revenue	2 +2100.9%	2 +11414.5%	0 -66.7%	0 +83.1%	0	—	1 -1.5%	1 +13.0%	1 +105.9%	0 +44.4%	0 -7.2%
Cost of revenue	1 +462.6%	1 +478.3%	0 +245.2%	0 +72.7%	0	—	0 +24.8%	0 -0.9%	0 +207.8%	0 -11.4%	0 -24.3%
Gross profit	1 +4235.6%	1 +1365.7%	-0 -694.4%	0 +108.5%	0	—	1 -12.5%	1 +20.0%	1 +76.4%	0 +76.6%	0 +6.7%
Research and development	—	0	—	—	—	—	—	—	—	—	—
Selling, general and administrative	1 +112.7%	1 +540.1%	0 -10.7%	0 +32.2%	0 -76.6%	1 +273.4%	0 +36.9%	0 +15.7%	0 -90.3%	1 -63.1%	3 +651.8%
Operating income	-2 -124.0%	-2 -325.2%	-0 +71.3%	-1 +45.1%	-3 -39.6%	-2 +42.9%	-3 -936.1%	-0 +95.3%	-7 -619.2%	-1 +69.7%	-3 -1162.2%
Net income	1 +124.2%	-2 -50.7%	-1 -316.6%	1 +113.4%	-5 -151.0%	-2 +47.1%	-4 -980.1%	-0 +95.6%	-8 -130.1%	-3 +6.5%	-4 -678.7%
Basic EPS	0.01 +117.9%	-0.02 +0.0%	-0.02 -300.0%	0.01	—	—	—	—	—	—	—
Diluted EPS	—	-0.02 +0.0%	-0.02	—	—	—	—	—	—	—	—
Weighted average shares, basic	113 +34.9%	98 +22.6%	80 +6.1%	75 +142.7%	31 +22.1%	25 +126.4%	11 +166.2%	4	—	132 +60.5%	82
Weighted average shares, diluted	—	—	80	—	—	—	—	—	—	—	—
Other measures
Depreciation and amortization	—	0	—	0 +64.3%	0	—	—	0 -100.0%	0 -58.1%	0 +0.1%	0 +71.2%
EBITDA	—	-2	—	-1 +45.3%	-3	—	—	-0 +95.3%	-7 -619.7%	-1 +69.7%	-3 -1164.2%
Margins
Gross margin	65.52%	65.19%	-593.10%	33.20%	29.16%	—	62.61%	70.50%	66.37%	77.51%	63.35%
Operating margin	-72.18%	-89.53%	-2,424.23%	-2,806.80%	-9,364.82%	—	-302.62%	-28.76%	-693.92%	-198.71%	-947.32%
Profit margin	51.23%	-112.50%	-8,598.37%	1,320.43%	-18,027.66%	—	-349.44%	-31.86%	-810.52%	-725.32%	-1,119.64%
EBITDA margin	—	-88.62%	—	-2,791.17%	-9,347.39%	—	—	-28.76%	-693.88%	-198.55%	-947.09%

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. 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: Services-Prepackaged Software (SIC 7372)
Listed as: KOAN (OTC)
Fiscal year ends: December 31
Incorporated in: NV
Headquarters: Calabasas, CA
SEC filer status: Non-accelerated filer, Smaller reporting company
SEC CIK: 897078
Former names: Textmunication Holdings, Inc. (until Dec 13, 2019); FIRSTWAVE TECHNOLOGIES INC (until Sep 18, 2007); BROCK INTERNATIONAL INC (until Feb 17, 1998); BROCK CONTROL SYSTEMS INC (until Feb 12, 1996)

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