Ludwig Enterprises Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2016
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	2020 - 2016
Operating Revenue	-	0	-	-	-	Upgrade
Revenue	-	0	-	-	-	Upgrade
Gross Profit	-	0	-	-	-	Upgrade
Selling, General & Admin	1.54	1.13	0.96	0.45	0.05	Upgrade
Research & Development	0.23	0.17	0.41	0.11	-	Upgrade
Operating Expenses	1.77	1.3	1.38	0.56	0.05	Upgrade
Operating Income	-1.77	-1.3	-1.38	-0.56	-0.05	Upgrade
Interest Expense	-0.89	-0.07	-0.49	-0.45	-0.09	Upgrade
Interest & Investment Income	0.01	-	-	-	-	Upgrade
Other Non Operating Income (Expenses)	0.54	-0.68	-	-	-	Upgrade
EBT Excluding Unusual Items	-2.12	-2.05	-1.86	-1.01	-0.14	Upgrade
Other Unusual Items	-0.12	-1	-0.52	0.04	-	Upgrade
Pretax Income	-2.24	-3.05	-2.38	-0.97	-0.14	Upgrade
Earnings From Continuing Operations	-2.24	-3.05	-2.38	-0.97	-0.14	Upgrade
Earnings From Discontinued Operations	-	0.03	-0.08	-	-	Upgrade
Net Income	-2.24	-3.02	-2.46	-0.97	-0.14	Upgrade
Net Income to Common	-2.24	-3.02	-2.46	-0.97	-0.14	Upgrade
Shares Outstanding (Basic)	162	159	287	314	331	Upgrade
Shares Outstanding (Diluted)	162	159	287	314	331	Upgrade
Shares Change (YoY)	2.03%	-44.65%	-8.66%	-5.28%	-1.37%	Upgrade
EPS (Basic)	-0.01	-0.02	-0.01	-0.00	-0.00	Upgrade
EPS (Diluted)	-0.01	-0.02	-0.01	-0.00	-0.00	Upgrade
Gross Margin	-	100.00%	-	-	-	Upgrade
Operating Margin	-	-598243.78%	-	-	-	Upgrade
Profit Margin	-	-1390269.12%	-	-	-	Upgrade
EBIT	-1.77	-1.3	-1.38	-0.56	-0.05	Upgrade

Source: S&P Capital IQ. Standard template. Financial Sources.