Correlate Energy Past Earnings Performance
Past criteria checks 0/6
Correlate Energy's earnings have been declining at an average annual rate of -81%, while the Professional Services industry saw earnings growing at 10.9% annually. Revenues have been growing at an average rate of 73.2% per year.
Key information
-81.0%
Earnings growth rate
-77.7%
EPS growth rate
| Professional Services Industry Growth | 11.0% |
| Revenue growth rate | 73.2% |
| Return on equity | n/a |
| Net Margin | -360.9% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
No updates
Recent updates
Revenue & Expenses Breakdown
How Correlate Energy makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 9 | -33 | 9 | 0 |
| 30 Jun 24 | 6 | -35 | 9 | 0 |
| 31 Mar 24 | 8 | -14 | 9 | 0 |
| 31 Dec 23 | 8 | -13 | 7 | 0 |
| 30 Sep 23 | 6 | -10 | 5 | 0 |
| 30 Jun 23 | 7 | -9 | 6 | 0 |
| 31 Mar 23 | 3 | -10 | 6 | 0 |
| 31 Dec 22 | 3 | -7 | 6 | 0 |
| 30 Sep 22 | 3 | -5 | 5 | 0 |
| 30 Jun 22 | 0 | -3 | 2 | 0 |
| 31 Mar 22 | 0 | -1 | 1 | 0 |
| 31 Dec 21 | 0 | 0 | 0 | 0 |
| 30 Sep 21 | 0 | 0 | 0 | 0 |
| 30 Jun 21 | 0 | 0 | 0 | 0 |
| 31 Mar 21 | 0 | 0 | 0 | 0 |
| 31 Dec 20 | 0 | 0 | 0 | 0 |
| 30 Sep 20 | 0 | 0 | 0 | 0 |
| 30 Jun 20 | 0 | 0 | 0 | 0 |
| 31 Mar 20 | 0 | 0 | 0 | 0 |
Quality Earnings: CIPI is currently unprofitable.
Growing Profit Margin: CIPI is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: CIPI is unprofitable, and losses have increased over the past 5 years at a rate of 81% per year.
Accelerating Growth: Unable to compare CIPI's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CIPI is unprofitable, making it difficult to compare its past year earnings growth to the Professional Services industry (7.3%).
Return on Equity
High ROE: CIPI's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.