Income statement waterfall. Green diagonal stripes add to the running result, red diagonal stripes subtract from it, and a thin axis line marks the loss-zone boundary.
- Revenue: $700K. Running result $700K. Revenue: $700K.
- Cost of revenue: $0. Running result $700K.
- Gross profit: $700K. Running result $700K.
- Research and development expenses: −$31.2M. Running result −$30.5M.
- Sales and marketing expenses: −$5.5M. Running result −$36M.
- General and administrative expenses: −$14.6M. Running result −$50.6M.
- Operating income: −$50.6M. Running result −$50.6M.
- Other income: $400K. Running result −$50.2M.
- Pre-tax loss: −$50.2M. Running result −$50.2M.
- Income tax expense: −$200K. Running result −$50.4M.
- Net loss: −$50.4M. Running result −$50.4M.
