MDWT
Income statement / Annual
Last year (2022), Midwest Holding Inc.'s total revenue was $30.05 M,
a decrease of 0.05% from the previous year.
In 2022, Midwest Holding Inc.'s net income was $791,000.00.
See Midwest Holding Inc.,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
FY-2013
|
| Period Ended |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
12/31/2013 |
| Operating Revenue |
$30.05 M |
$30.06 M |
$10.58 M |
$3.40 M |
$875,812.00 |
$4.54 M |
$4.53 M |
$3.79 M |
$4.64 M |
$5.11 M |
| Cost of Revenue |
$16.20 M
|
$32.03 M
|
$16.55 T
|
$8.70 M
|
$5.80 M
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Gross Profit |
$13.85 M
|
-$1.97 M
|
-$16.55 T
|
-$5.30 M
|
-$4.92 M
|
$4.54 M
|
$4.53 M
|
$3.79 M
|
$4.64 M
|
$5.11 M
|
| Gross Profit Ratio |
0.46
|
-0.07
|
-1563744.38
|
-1.56
|
-5.62
|
1
|
1
|
1
|
1
|
1
|
| Research and Development Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative Expenses |
$16.20 M
|
$16.93 M
|
$6.35 M
|
$2.70 M
|
$2.16 M
|
$2.14 M
|
$2.35 M
|
$1.94 M
|
$2.36 M
|
$1.95 M
|
| Selling & Marketing Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General & Administrative Expenses |
$16.20 M
|
$16.93 M
|
$6.35 M
|
$2.70 M
|
$2.16 M
|
$2.14 M
|
$2.35 M
|
$1.94 M
|
$2.36 M
|
$1.95 M
|
| Other Expenses |
$5.53 M
|
-$63.09 M
|
-$29.81 M
|
-$14.53 M
|
-$8.05 M
|
-$8.65 M
|
-$12.05 M
|
-$9.15 M
|
-$10.90 M
|
-$9.27 M
|
| Operating Expenses |
$7.66 M
|
-$46.17 M
|
-$23.46 M
|
-$11.83 M
|
-$5.89 M
|
-$6.51 M
|
-$9.71 M
|
-$7.21 M
|
-$8.55 M
|
-$7.32 M
|
| Cost And Expenses |
$21.66 M
|
$41.93 M
|
$21.44 M
|
$8.77 M
|
$5.91 M
|
$7.26 M
|
$8.38 M
|
$6.30 M
|
$8.55 M
|
$7.32 M
|
| Interest Income |
$0.00
|
$298,000.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Interest Expense |
$6.35 M
|
$0.00
|
$0.00
|
$6,584.00
|
$47,936.00
|
$748,918.00
|
$776,541.00
|
$533,646.00
|
$0.00
|
$0.00
|
| Depreciation & Amortization |
$338,000.00
|
$50,000.00
|
$57,419.00
|
$58,761.00
|
$61,349.00
|
$288,030.00
|
$381,582.00
|
$400,870.00
|
$275,082.00
|
$322,809.00
|
| EBITDA |
$4.06 M |
$0.00 |
$0.00 |
-$5.61 M |
-$5.04 M |
-$1.68 M |
-$2.69 M |
-$1.58 M |
$0.00 |
$0.00 |
| EBITDA Ratio |
0.5
|
-0.53
|
-1.21
|
-2.46
|
-5.66
|
-0.37
|
-0.59
|
-0.42
|
-0.68
|
-0.32
|
| Operating Income Ratio |
0.49
|
-0.54
|
-1.22
|
-2.48
|
-5.73
|
-0.43
|
-1.14
|
-0.9
|
-0.84
|
-0.43
|
| Total Other Income/Expenses Net |
-$6.35 M
|
$0.00
|
$16.55 T
|
$234,180.00
|
$0.00
|
$665,550.00
|
-$472,457.00
|
$781,359.00
|
$0.00
|
$0.00
|
| Income Before Tax |
$8.39 M
|
-$11.87 M
|
-$10.86 M
|
-$5.38 M
|
-$5.04 M
|
-$2.72 M
|
-$3.85 M
|
-$2.52 M
|
-$3.91 M
|
-$2.22 M
|
| Income Before Tax Ratio |
0.28
|
-0.39
|
-1.03
|
-1.58
|
-5.75
|
-0.6
|
-0.85
|
-0.67
|
-0.84
|
-0.43
|
| Income Tax Expense |
$7.60 M
|
$4.77 M
|
$1.58 M
|
$234,180.00
|
$47,936.00
|
$1.32 M
|
$883,556.00
|
$705,217.00
|
$295,246.00
|
$246,328.00
|
| Net Income |
$791,000.00
|
-$16.64 M
|
-$12.44 M
|
-$5.61 M
|
-$5.09 M
|
-$2.72 M
|
-$3.85 M
|
-$2.52 M
|
-$3.44 M
|
-$1.95 M
|
| Net Income Ratio |
0.03
|
-0.55
|
-1.18
|
-1.65
|
-5.81
|
-0.6
|
-0.85
|
-0.67
|
-0.74
|
-0.38
|
| EPS |
0.21 |
-4.45 |
-4.81 |
-4.87 |
-2.55 |
-59.48 |
-88.97 |
-89.41 |
-130.56 |
-74.01 |
| EPS Diluted |
0.21 |
-4.45 |
-4.81 |
-4.87 |
-2.55 |
-59.48 |
-88.97 |
-89.41 |
-130.56 |
-73.92 |
| Weighted Average Shares Out |
$3.74 M
|
$3.74 M
|
$2.55 M
|
$1.15 M
|
$2.00 M
|
$45,721.00
|
$43,251.00
|
$28,163.00
|
$26,387.00
|
$26,355.00
|
| Weighted Average Shares Out Diluted |
$3.80 M
|
$3.74 M
|
$2.59 M
|
$1.15 M
|
$2.00 M
|
$45,721.00
|
$43,251.00
|
$28,163.00
|
$26,387.00
|
$26,387.00
|
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