Adit EdTech Acquisition Corp. (ADEX) Financials

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ADEX Income statement / Annual

Last year (2022), Adit EdTech Acquisition Corp.'s total revenue was $22.36 M, a decrease of 27.48% from the previous year. In 2022, Adit EdTech Acquisition Corp.'s net income was -$61.61 M. See Adit EdTech Acquisition Corp.,s key income statements, including revenue, expenses, profit, and income.

Period FY-2022 FY-2021
Period Ended 12/31/2022 12/31/2021
Operating Revenue $22.36 M $30.83 M
Cost of Revenue $12.23 M $5.05 M
Gross Profit $10.12 M $25.77 M
Gross Profit Ratio 0.45 0.84
Research and Development Expenses $0.00 $0.00
General & Administrative Expenses $20.50 M $11.39 M
Selling & Marketing Expenses $102.00 K $34.00 K
Selling, General & Administrative Expenses $20.60 M $11.43 M
Other Expenses $200.00 K $204.00 K
Operating Expenses $27.73 M $14.76 M
Cost And Expenses $39.96 M $19.82 M
Interest Income $0.00 $0.00
Interest Expense $14.37 M $4.23 M
Depreciation & Amortization -$4.59 M -$956.04 K
EBITDA -$10.28 M $14.55 M
EBITDA Ratio -0.46 0.47
Operating Income Ratio -0.88 0.67
Total Other Income/Expenses Net -$42.16 M -$31.55 M
Income Before Tax -$61.90 M -$10.86 M
Income Before Tax Ratio -2.77 -0.35
Income Tax Expense -$298.00 K $775.00 K
Net Income -$61.61 M -$11.64 M
Net Income Ratio -2.76 -0.38
EPS -0.94 -0.18
EPS Diluted -0.94 -0.18
Weighted Average Shares Out $65.62 M $65.40 M
Weighted Average Shares Out Diluted $65.62 M $65.40 M
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