Hempacco Co., Inc. (HPCO) Income Statement
HPCO 2024 at a glance
Fiscal year ended December 31, 2024 · U.S. dollarsHPCO revenue and net income
Where HPCO's revenue goes
2024Each bar shows an amount and its share of revenue. HPCO kept −324.5% of revenue as net income.
HPCO profit margins
HPCO growth rates
to 2024| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | 0.0% | +50.5% | — | — |
| Gross profit | — | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
HPCO quarterly EPS vs estimates
Hempacco beat the analyst EPS estimate in 0 of the last 2 quarters.
HPCO income statement
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
| Revenue | $4.0M | $4.0M | $4.0M | $1.2M | $345,989 | $0 |
| Cost of revenue | $5.3M | $5.3M | $3.7M | $850,901 | $899,699 | $5,333 |
| Gross profit | −$1.2M | −$1.2M | $239,046 | $336,372 | −$553,710 | −$5,333 |
| Research & development | — | — | $2,090 | $2,090 | $0 | $1,434 |
| Sales, general & admin | $7.6M | $7.6M | $4.1M | $2.0M | $751,279 | $64,925 |
| Total operating expenses | $7.6M | $12.4M | $5.6M | $2.0M | $751,279 | $47,703 |
| Operating income | −$8.8M | −$8.4M | −$5.4M | −$1.7M | −$1.3M | −$53,040 |
| Interest expense | $269,963 | $269,963 | $47,265 | $209,676 | $160,423 | $329 |
| Income before taxes | −$13.4M | −$13.4M | −$7.1M | −$1.9M | −$1.5M | −$53,345 |
| Income taxes | — | — | −$131,123 | $193,760 | $160,391 | −$3 |
| Net income | −$13.1M | −$13.1M | −$7.0M | −$2.1M | −$1.6M | −$53,345 |
| EBITDA | −$12.8M | −$12.8M | −$7.0M | −$1.6M | −$1.2M | −$47,710 |
| EPS (diluted) | −$44.84 | −$4.63 | −$2.25 | −$8.97 | −$7.07 | — |
| Gross margin | −30.1% | −30.1% | 6.0% | 28.3% | −160.0% | — |
| Operating margin | −217.8% | −206.8% | −135.2% | −139.8% | −377.2% | — |
| Net margin | −324.5% | −324.5% | −176.5% | −173.9% | −469.9% | — |
| Jun '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | Sep '22 | Jun '22 | Mar '22 | Dec '21 | Sep '21 | Jun '21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.0M | $2.0M | $1.3M | $254,601 | $528,882 | $528,882 | $592,235 | $1.9M | $971,166 | $276,265 | $425,171 | $348,521 |
| Cost of revenue | $2.5M | $2.5M | $1.8M | $432,055 | $932,633 | $932,633 | $598,627 | $1.4M | $799,006 | $237,117 | $315,281 | $194,958 |
| Gross profit | −$503,027 | −$503,027 | −$437,993 | −$177,454 | −$403,751 | −$403,751 | −$6,392 | $477,029 | $172,160 | $39,148 | $109,890 | $153,563 |
| Research & development | — | — | — | — | — | $0 | $0 | — | $0 | $2,090 | $0 | — |
| Sales, general & admin | $3.7M | $3.7M | $1.5M | $1.3M | $1.5M | $1.5M | $1.0M | $568,790 | $1.0M | $756,192 | $423,679 | $486,361 |
| Total operating expenses | $6.6M | $4.3M | $1.7M | $1.5M | $3.0M | $3.9M | $1.0M | $568,790 | $1.0M | $758,282 | $423,679 | $486,361 |
| Operating income | −$4.2M | −$2.2M | −$2.1M | −$1.6M | −$5.1M | −$3.4M | −$1.0M | −$91,761 | −$860,159 | −$719,134 | −$313,789 | −$332,798 |
| Interest income | — | — | — | $20,034 | — | — | — | — | — | — | — | — |
| Interest expense | $181,092 | $181,092 | $82,109 | $1,288 | $34,185 | $34,185 | $3,684 | $5,799 | $3,597 | $3,531 | $3,513 | $161,949 |
| Income before taxes | −$7.2M | −$7.2M | −$2.3M | −$1.6M | −$5.1M | −$5.1M | −$1.0M | −$97,350 | −$877,216 | −$673,972 | −$367,303 | −$494,961 |
| Income taxes | −$28,619 | — | −$34,482 | −$276,680 | −$128,923 | — | −$617 | −$1,350 | −$233 | $37,974 | −$46,488 | $161,735 |
| Net income | −$6.9M | −$6.9M | −$2.2M | −$1.6M | −$5.0M | −$5.0M | −$1.0M | −$96,000 | −$876,983 | −$659,722 | −$367,303 | −$494,961 |
| EBITDA | −$6.7M | — | −$2.1M | −$1.6M | −$5.3M | −$5.1M | −$919,908 | −$68,738 | −$851,215 | −$656,972 | −$326,755 | −$321,259 |
| EPS (diluted) | −$2.39 | −$2.38 | −$0.78 | −$0.56 | −$0.91 | −$2.13 | −$0.05 | −$0.04 | −$0.03 | — | — | — |
| Gross margin | −24.7% | −24.7% | −33.0% | −69.7% | −76.3% | −76.3% | −1.1% | 25.4% | 17.7% | 14.2% | 25.8% | 44.1% |
| Operating margin | −204.7% | −110.0% | −159.4% | −640.7% | −962.1% | −636.6% | −176.3% | −4.9% | −88.6% | −260.3% | −73.8% | −95.5% |
| Net margin | −340.5% | −340.5% | −166.7% | −619.2% | −942.0% | −942.0% | −177.1% | −5.1% | −90.3% | −238.8% | −86.4% | −142.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in HPCO's financial statements (latest annual report filed August 9, 2024); data from EODHD. Sales, general & administrative expenses include sales and marketing.
HPCO financial results
In fiscal year 2024 (ended December 31, 2024), Hempacco reported revenue of $4.0 million, up 0.0% from the year before. It had a net loss of $13.1 million, a net profit margin of −324.5%. Diluted earnings per share came to −$44.84.
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HPCO income statement FAQ
What is Hempacco's annual revenue?
Hempacco reported total revenue of $4.0 million for fiscal year 2024, which ended on December 31, 2024. That was up 0.0% from $4.0 million the previous year.
Is Hempacco profitable?
No. Hempacco reported a net loss of $13.1 million in fiscal 2024, a net profit margin of −324.5%; its operating margin was −217.8%.
What is Hempacco's gross margin?
Hempacco's gross margin was −30.1% in fiscal 2024: for every $100 of revenue, Hempacco kept $-30 after the direct cost of its products and services.
What are Hempacco's earnings per share?
Hempacco earned $-44.84 per diluted share in fiscal 2024, compared with $-4.63 a year earlier.
When does Hempacco's fiscal year end?
Hempacco's fiscal year ends in December. The latest annual report covers the year ended December 31, 2024 and was filed on August 9, 2024.