Advanced Container Technologies (Advanced Container Technologies) Net Income : $-1.16 Mil (TTM As of Sep. 2022)

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What is Advanced Container Technologies Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Advanced Container Technologies's Net Income for the three months ended in Sep. 2022 was $-0.40 Mil. Its Net Income for the trailing twelve months (TTM) ended in Sep. 2022 was $-1.16 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Advanced Container Technologies's Earnings per Share (Diluted) for the three months ended in Sep. 2022 was $-0.01.

Advanced Container Technologies Net Income Historical Data

The historical data trend for Advanced Container Technologies's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Advanced Container Technologies Net Income Chart

Advanced Container Technologies Annual Data

Trend

Jun00

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Net Income

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-0.36

-1.27

-1.41

-0.58

-0.85

Advanced Container Technologies Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Net Income	Get a 7-Day Free Trial															0.07	-0.32	-0.17	-0.27	-0.40

Advanced Container Technologies Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Advanced Container Technologies's Net Income for the fiscal year that ended in Dec. 2021 is calculated as

	Net Income		(A: Dec. 2021 )
=	Pre-Tax Income	+	Tax Provision	+	Net Income (Discontinued Operations)	+	Others
=	-0.845	+	0	+	0	+	0
=	-0.85

Advanced Container Technologies's Net Income for the quarter that ended in Sep. 2022 is calculated as

	Net Income		(Q: Sep. 2022 )
=	Pre-Tax Income	+	Tax Provision	+	Net Income (Discontinued Operations)	+	Others
=	-0.402	+	0	+	0	+	0
=	-0.40

Net Income for the trailing twelve months (TTM) ended in Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.16 Mil.

Advanced Container Technologies (OTCPK:ACTX) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Advanced Container Technologies's Earnings per Share (Diluted) (EPS) for the quarter that ended in Sep. 2022 is calculated as

Earnings per Share (Diluted) (Q: Sep. 2022 )	=	(Net Income	-	Preferred Dividends)	/	Shares Outstanding (Diluted Average)
	=	(-0.402	-	0)	/	51.902
	=	-0.01

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.

Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.

Advanced Container Technologies Net Income Related Terms

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Advanced Container Technologies (Advanced Container Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Advanced Container Technologies Inc (OTCPK:ACTX) » Definitions » Net Income

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Traded in Other Exchanges

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Address

1620 Commerce Street, Suite A, Corona, CA, USA, 92878

Website

https://www.advancedcontainertechnologies.com

Advanced Container Technologies Inc is in the business of selling and marketing proprietary plastic medical grade containers in the United States. The company's flagship product is Medtainer, which can store grind and shred pharmaceuticals, herbs, teas, and other solids or liquids. It's another product is GrowPods, which are specially modified insulated shipping containers in which plants, herbs, and spices may be grown hydroponically in a controlled environment. Its other products include Humidity pack inserts, Plastic lighter holders, Jars, and Lighters.