Right On Brands, Inc. income statement RTON

Annual Quarterly

In Q3 of fiscal 2024, the quarter ended Dec 31, 2023, Right On Brands, Inc. reported revenue of $342,000, up 31.6% from the same quarter a year earlier. It recorded a net loss of $220,986. The operating loss came to $14,555, an operating margin of -4.3%. Diluted earnings per share were -$0.01.

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 Dec 31, 2023	Q3 FY2024 Dec 31, 2023	Q2 FY2024 Sep 30, 2023	Q1 FY2024 Jun 30, 2023	Q4 FY2023 Mar 31, 2023	Q3 FY2023 Dec 31, 2022	Q2 FY2023 Sep 30, 2022	Q1 FY2023 Jun 30, 2022	Q4 FY2022 Mar 31, 2022
Revenue	1 +28.8%	0 +31.6%	0 +36.5%	0 +31.7%	0 +16.5%	0 -23.4%	0 +1.7%	0	0 +413.4%
Cost of revenue	1 +8.9%	0 +5.8%	0 +2.2%	0 +46.2%	0 -15.9%	0 -27.6%	0 -26.0%	0	0 +203.2%
Gross profit	1 +49.2%	0 +67.1%	0 +82.8%	0 +21.3%	0 +46.9%	0 -16.7%	0 +106.7%	0	0 +1368.0%
Selling, general and administrative	1 +30.1%	0 +2.7%	0 +37.4%	0 +56.6%	0 +25.5%	0 +75.1%	0 +70.5%	0	0 +1424.6%
Operating income	-0 +44.0%	-0 +76.9%	-0 +43.2%	-0 -355.0%	0 -79.3%	-0 -369.1%	-0 +10.6%	0	0 +111.2%
Net income	-0 -1264.7%	-0 -218.8%	-0 +4.5%	-0 -140.9%	-0 -385.3%	-0 +57.7%	-0 -535.7%	0	0 +100.7%
Basic EPS	-0.00	-0.01	0.00	0.00	-0.00	0.00	0.00	0.00	—
Diluted EPS	—	-0.01	—	—	—	—	0.00	0.00	—
Weighted average shares, basic	5,890	25 +10.4%	25 +8.8%	6,375 +7.6%	23,743	23	23	5,925	—
Weighted average shares, diluted	—	—	—	—	—	23	5,861	5,935	—
Other measures
Depreciation and amortization	0 +0.0%	0 +0.0%	0 +0.0%	0 +0.0%	0 +0.0%	0 +0.0%	0 +0.0%	0	0 -6.7%
EBITDA	-0 +46.0%	-0 +78.7%	-0 +44.0%	-0 -282.7%	0 -68.5%	-0 -348.3%	-0 +10.8%	0	0 +113.2%
Interest coverage	-2.41x	-2.68x	-14.63x	-0.76x	0.61x	-22.18x	-23.52x	2.22x	5.35x
Margins
Gross margin	57.17%	53.58%	56.86%	54.11%	65.05%	42.20%	42.44%	58.71%	51.60%
Operating margin	-5.14%	-4.26%	-13.83%	-3.43%	0.56%	-24.28%	-33.23%	1.77%	3.17%
Profit margin	-29.33%	-64.62%	-27.89%	-19.50%	-6.04%	-26.67%	-39.84%	62.85%	2.46%
EBITDA margin	-4.74%	-3.85%	-13.40%	-3.09%	0.99%	-23.74%	-32.65%	2.23%	3.67%

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: Retail-Miscellaneous Retail (SIC 5900)
Listed as: RTON (OTC)
Fiscal year ends: March 31
Incorporated in: NV
Headquarters: Rowlett, TX
SEC filer status: Non-accelerated filer, Smaller reporting company
SEC CIK: 1580262
Former names: HealthTalk Live, Inc. (until Aug 22, 2017)

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