MicroAlgo Inc. income statement VENAF

Annual Quarterly

In Q1 of fiscal 2023, the quarter ended Mar 31, 2023, MicroAlgo Inc. reported revenue of $17.8 million. It recorded a net loss of $1.3 million. The operating loss came to $1.4 million, an operating margin of -7.9%.

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	Q1 FY2023 Mar 31, 2023	Q4 FY2022 Dec 31, 2022	Q3 FY2022 Sep 30, 2022	Q2 FY2022 Jun 30, 2022	Q1 FY2022 Mar 31, 2022	Q4 FY2021 Dec 31, 2021	Q3 FY2021 Sep 30, 2021	Q2 FY2021 Jun 30, 2021
Revenue	18	—	—	—	—	—	—	—
Cost of revenue	13	—	—	—	—	—	—	—
Gross profit	5 -8.2%	19 -44.6%	0 +229.9%	-0 +89.2%	5 +6209.8%	34	-0	-0
Research and development	5	—	—	—	—	—	—	—
Selling, general and administrative	1	—	—	—	—	—	—	—
Operating income	-1	—	—	—	—	—	—	—
Other income (expense)	0 +155.4%	-0 -141.3%	1 +74602.8%	0 +9378.3%	-0 -2780.2%	1	0	0
Pretax income	-1 -240.0%	-8 -183.8%	0 +229.9%	-0 +89.2%	1 +1118.8%	9	-0	-0
Income tax	0	—	—	—	—	—	—	—
Net income	-1 -242.4%	-7 -178.2%	0 +229.9%	-0 +89.2%	1 +1105.8%	9	-0	-0
Net income to common	-1	—	—	—	—	—	—	-0
Other measures
Depreciation and amortization	0	—	—	—	—	—	—	—
EBITDA	-1	—	—	—	—	—	—	—
Margins
Gross margin	27.79%	—	—	—	—	—	—	—
Operating margin	-7.93%	—	—	—	—	—	—	—
Pretax margin	-7.06%	—	—	—	—	—	—	—
Profit margin	-7.09%	—	—	—	—	—	—	—
EBITDA margin	-7.32%	—	—	—	—	—	—	—

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. More on our methodology.

New to this? Read How to Read an Income Statement, With a Real Example.

Company profile

Industry: Services-Computer Programming Services (SIC 7371)
Listed as: MLGO (Nasdaq), VENAF (OTC)
Fiscal year ends: December 31
Incorporated in: Cayman Islands
Headquarters: New York, NY
SEC filer status: Non-accelerated filer, Emerging growth company
SEC CIK: 1800392
Former names: Venus Acquisition Corp (until Dec 12, 2022)

Other Services-Computer Programming Services companies

Infosys Ltd INFY
Zscaler, Inc. ZS
Cognizant Technology Solutions Corp CTSH
Verisign INC/CA VRSN
Wipro Ltd WIT
EPAM Systems, Inc. EPAM
Amdocs Ltd DOX
Doximity, Inc. DOCS

All 58 Services-Computer Programming Services companies

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