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For the nine months ended 31 December 2015, Saleen Automotive Inc revenues decreased 10% to $2.8M. Net loss increased 35% to $2.1M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Change in fair value of derivative liabi decrease of 79% to $541K (income), Gain on extinguishment of derivative lia decrease of 72% to $721K (income).
Period Ending: | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 |
---|---|---|---|---|
Total Revenue | 0.55 | 0.63 | 1.59 | 0.73 |
Gross Profit | 0.06 | 0.04 | 0.34 | 0.09 |
Operating Income | -0.68 | -0.68 | -0.63 | -2.29 |
Net Income | -0.87 | -0.83 | -0.38 | -6.97 |
Period Ending: | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 |
---|---|---|---|---|
Total Assets | 0.75 | 0.82 | 0.92 | 1.51 |
Total Liabilities | 11.41 | 10.77 | 10.12 | 11.18 |
Total Equity | -10.66 | -9.95 | -9.2 | -9.67 |
Period Ending: | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 |
---|---|---|---|---|
Period Length: | 9 Months | 6 Months | 3 Months | 12 Months |
Cash From Operating Activities | -0.89 | -0.16 | -0.03 | -2.55 |
Cash From Investing Activities | -0.01 | -0.01 | -0.01 | -0.23 |
Cash From Financing Activities | 0.82 | 0.04 | -0.02 | 1.42 |
Net Change in Cash | -0.08 | -0.13 | -0.06 | -1.36 |
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