Nexalin Technology, Inc. (NXL) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 14.95K | 171.9K | 18.15K | 70.59K | 41.02K | 27.18K | 36.03K | 26.84K | 78.67K | 20.54K | 24.11K | 35.54K | 30.56K | 38.42K | 545.32K | 414.29K | 323.32K | 24K | 55.97K | 29.15K |
| Revenue Growth % | -63.55% | 532.46% | -49.63% | 163% | -47.87% | 32.35% | 49.43% | -24.48% | 157.43% | -46.55% | -95.58% | -91.42% | -90.55% | 60.11% | 874.31% | 1321.08% | - | - | - | - |
| Cost of Goods Sold | 511.22K | 21.03K | 3.95K | 22.84K | 13.56K | 7.5K | 12.69K | 7.25K | 9.16K | 5.23K | 3.97K | 9.37K | 7.11K | 6.87K | 187.3K | 123.03K | 46.02K | -1.01K | 9.31K | 8.76K |
| COGS % of Revenue | 3419.53% | 12.23% | 21.75% | 32.35% | 33.06% | 27.58% | 35.23% | 27% | 11.64% | 25.47% | 16.48% | 26.38% | 23.27% | 17.87% | 34.35% | 29.7% | 14.23% | -4.19% | 16.63% | 30.04% |
| Gross Profit | -496.27K | 150.87K | 14.2K | 47.75K | 27.46K | 19.68K | 23.34K | 19.59K | 69.52K | 15.3K | 20.14K | 26.17K | 23.45K | 31.56K | 358.02K | 291.26K | 277.31K | 25K | 46.66K | 20.39K |
| Gross Margin % | -3319.53% | 87.77% | 78.25% | 67.65% | 66.94% | 72.42% | 64.77% | 73% | 88.36% | 74.53% | 83.52% | 73.62% | 76.73% | 82.13% | 65.65% | 70.3% | 85.77% | 104.19% | 83.37% | 69.96% |
| Gross Profit Growth % | -1907.44% | 666.48% | -39.15% | 143.71% | -60.5% | 28.61% | 15.87% | -25.12% | 196.44% | -51.5% | -94.37% | -91.02% | -91.54% | 26.2% | 667.24% | 1328.15% | - | - | - | - |
| Operating Expenses | 1.62M | 2.56M | 2.36M | 1.67M | 2.04M | 2.9M | 2.53M | 1.32M | 1.14M | 1.64M | 2.44M | 903.03K | 802.88K | 751.17K | 651.22K | 736.36K | 652.42K | 602.49K | 1.84M | 2.1M |
| OpEx % of Revenue | 10860.41% | 1491.63% | 13002.55% | 2363.87% | 4970.58% | 10651.9% | 7026.88% | 4905.42% | 1453.17% | 7984.89% | 10101.09% | 2540.87% | 2627.21% | 1954.96% | 119.42% | 177.74% | 201.79% | 2510.5% | 3291.25% | 7210.74% |
| Selling, General & Admin | 1.28M | 2.34M | 2.13M | 1.44M | 1.63M | 1.7M | 1.98M | 1.32M | 1.04M | 282.03K | 2.44M | 903.03K | 161.42K | 140.28K | 651.22K | 736.36K | 652.42K | 602.49K | 156.44K | 107.66K |
| SG&A % of Revenue | 8543.48% | 1360.77% | 11754.43% | 2044.02% | 3979.99% | 6270.26% | 5482.43% | 4905.42% | 1318.86% | 1373.36% | 10101.09% | 2540.87% | 528.2% | 365.09% | 119.42% | 177.74% | 201.79% | 2510.5% | 279.51% | 369.28% |
| Research & Development | 346.38K | 224.94K | 226.52K | 225.77K | 406.29K | 737.36K | 178.56K | 169.41K | 105.67K | 79.66K | 1.64M | 146K | 65.83K | 356.28K | 113.62K | 29.54K | 0 | 0 | 33.47K | 77.97K |
| R&D % of Revenue | 2316.94% | 130.86% | 1248.11% | 319.85% | 990.58% | 2712.97% | 495.59% | 631.18% | 134.32% | 387.9% | 6795.12% | 410.8% | 215.42% | 927.23% | 20.83% | 7.13% | - | - | 59.81% | 267.44% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 453.53K | 377.91K | -169.41K | 0 | 1000K | -1000K | -146K | 575.63K | 254.62K | -113.62K | -29.54K | 0 | 0 | 1000K | 1000K |
| Operating Income | -2.12M | -2.41M | -2.35M | -1.62M | -2.01M | -2.88M | -2.51M | -1.3M | -1.07M | -1.62M | -2.42M | -876.86K | -779.43K | -719.62K | -293.19K | -445.1K | -375.12K | -577.49K | -1.8M | -2.08M |
| Operating Margin % | -14179.95% | -1403.86% | -12924.3% | -2296.22% | -4903.63% | -10579.48% | -6962.11% | -4832.41% | -1364.81% | -7910.37% | -10017.57% | -2467.25% | -2550.48% | -1872.83% | -53.77% | -107.44% | -116.02% | -2406.3% | -3207.88% | -7140.79% |
| Operating Income Growth % | -5.4% | 16.08% | 6.49% | -24.97% | -87.32% | -77% | -3.85% | -47.92% | -37.76% | -125.74% | -723.87% | -97% | -107.78% | -24.61% | 83.67% | 78.62% | - | - | - | - |
| EBITDA | -2.11M | -2.41M | -2.34M | -1.62M | -2.01M | -2.87M | -2.5M | -1.29M | -1.07M | -1.62M | -2.41M | -876.03K | -778.63K | -719.49K | -293.06K | -444.97K | -374.98K | -577.36K | -1.8M | -2.08M |
| EBITDA Margin % | -14107.42% | -1400.28% | -12894.14% | -2288.96% | -4891.96% | -10563.14% | -6950.42% | -4818.29% | -1361.43% | -7901.86% | -10013.89% | -2464.92% | -2547.88% | -1872.49% | -53.74% | -107.41% | -115.98% | -2405.75% | -3207.64% | -7140.33% |
| EBITDA Growth % | -5.11% | 16.16% | 6.55% | -24.94% | -87.33% | -76.92% | -3.71% | -47.62% | -37.56% | -125.54% | -723.95% | -96.88% | -107.64% | -24.62% | 83.68% | 78.62% | - | - | - | - |
| D&A (Non-Cash Add-back) | 10.84K | 6.15K | 5.47K | 5.13K | 4.79K | 4.44K | 4.21K | 3.79K | 2.66K | 1.75K | 887 | 826 | 794 | 132 | 135 | 134 | 134 | 134 | 134 | 135 |
| EBIT | -2.1M | -2.38M | -2.28M | -1.58M | -1.99M | -2.83M | -2.45M | -1.28M | -1.04M | -761.52K | -2.29M | -816.92K | -739.58K | -716.18K | -124.95K | -445.1K | -375.12K | -577.49K | -1.77M | -2.08M |
| Net Interest Income | 34 | 159 | 0 | 4.69K | 1.1K | 1.82K | 1K | 66 | 304 | -19.15K | -5.33K | -5.52K | -8.84K | -13.5K | -10.45K | -17.3K | -18.13K | -18.44K | -27.18K | -17.98K |
| Interest Income | 34 | 159 | 0 | 4.69K | 1.1K | 1.82K | 1K | 66 | 304 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19.15K | 5.33K | 5.52K | 8.84K | 13.5K | 10.45K | 17.3K | 18.13K | 18.44K | 27.18K | 17.98K |
| Other Income/Expense | 23.07K | 36.62K | 69.32K | 39.87K | 22.89K | 42.12K | 60.26K | 12.53K | 32.55K | 843.8K | 118.35K | 54.42K | 31.01K | -10.06K | 157.79K | -17.3K | -18.13K | -18.44K | -4.26K | -17.98K |
| Pretax Income | -2.1M | -2.38M | -2.28M | -1.58M | -1.99M | -2.83M | -2.45M | -1.28M | -1.04M | -780.67K | -2.3M | -822.44K | -748.41K | -729.68K | -135.4K | -462.4K | -393.25K | -595.93K | -1.8M | -2.1M |
| Pretax Margin % | -14025.67% | -1382.56% | -12542.35% | -2239.74% | -4847.83% | -10424.5% | -6794.86% | -4785.74% | -1323.43% | -3801.47% | -9526.77% | -2314.12% | -2449% | -1899.01% | -24.83% | -111.61% | -121.63% | -2483.14% | -3215.49% | -7202.45% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -2.1M | -2.38M | -2.28M | -1.58M | -1.99M | -2.83M | -2.45M | -1.28M | -1.04M | -780.67K | -2.3M | -822.44K | -748.41K | -729.68K | -135.4K | -462.4K | -393.25K | -595.93K | -1.8M | -2.1M |
| Net Margin % | -14025.67% | -1382.56% | -12542.35% | -2239.74% | -4847.83% | -10424.5% | -6794.86% | -4785.74% | -1323.43% | -3801.47% | -9526.77% | -2314.12% | -2449% | -1899.01% | -24.83% | -111.61% | -121.63% | -2483.14% | -3215.49% | -7202.45% |
| Net Income Growth % | -5.46% | 16.12% | 7.02% | -23.08% | -90.97% | -262.93% | -6.58% | -56.18% | -39.12% | -6.99% | -1596.58% | -77.86% | -90.32% | -22.44% | 92.48% | 77.98% | - | - | - | - |
| Net Income (Continuing) | -2.1M | -2.38M | -2.28M | -1.58M | -1.99M | -2.83M | -2.45M | -1.28M | -1.04M | -780.67K | -2.3M | -822.44K | -748.41K | -729.68K | -135.4K | -462.4K | -393.25K | -595.93K | -1.8M | -2.1M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.11 | -0.13 | -0.13 | -0.10 | -0.15 | -0.29 | -0.23 | -0.17 | -0.14 | -0.10 | -0.31 | -0.11 | -0.10 | -0.10 | -0.03 | -0.07 | -0.06 | -0.13 | -0.37 | -0.32 |
| EPS Growth % | 26.67% | 55.17% | 43.48% | 41.18% | -7.14% | -190% | 25.81% | -54.55% | -43.74% | 0% | -1087.74% | -63.93% | -72.39% | 23.08% | 92.95% | 79.03% | - | - | - | - |
| EPS (Basic) | -0.11 | -0.13 | -0.13 | -0.10 | -0.15 | -0.29 | -0.23 | -0.17 | -0.14 | -0.10 | -0.31 | -0.11 | -0.10 | -0.10 | -0.03 | -0.07 | -0.06 | -0.13 | -0.37 | -0.32 |
| Diluted Shares Outstanding | 19.82M | 18.62M | 17.79M | 15.72M | 13.31M | 9.22M | 10.85M | 7.5M | 7.44M | 7.44M | 7.42M | 7.29M | 7.29M | 7.29M | 5.19M | 6.46M | 7.28M | 4.68M | 4.9M | 6.46M |
| Basic Shares Outstanding | 19.82M | 18.62M | 17.79M | 15.72M | 13.31M | 9.22M | 10.85M | 7.5M | 7.44M | 7.44M | 7.42M | 7.29M | 7.29M | 7.29M | 5.19M | 6.46M | 7.28M | 4.68M | 4.9M | 6.46M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |