CleanSpark Bitcoin Mining Expansion
Income Statement FYE-22 (cont'd) ($ in thousands, except per value and share amounts)
Q1-22
December 31,2021
Q2-22
March 31, 2022
Q3-22
June 30, 2022
Q4-22
September 30, 2022
FYE-22
September 30, 2022
Income (loss) before income tax expense
Income tax expense
Income (loss) from continuing operations
Loss from discontinued operations
Net income (loss)
Other comprehensive income
$
15,644
$
2,032
$
(16,611)
$
(41,154)
$
(40,089)
15,644
2,032
(1,158)
(2,203)
14,486
(171)
18
28
(16,611)
(12,729)
(29,340)
29
(41,153)
(1,147)
(42,301)
41
(40,089)
(17,237)
(57,326)
116
Preferred stock dividends.
(315)
(20)
(335)
Total comprehensive income (loss) attributable to common
shareholders
$
14,189
$
(163)
$
(29,311)
$
(42,261)
$
(57,546)
Income (loss) per common share - basic.
$
0.38
$
Weighted average common shares outstanding basic
40,279,938
(0.05)
41,336,342
$
Income (loss) per common share diluted
0.38
Weighted average common shares outstanding diluted
40,485,761
(0.05)
41,395,075
(0.40)
41,277,090
(0.40)
41,277,090
$
(0.97)
42,614,197
(0.97)
42,614,197
$
(0.95)
42,614,197
(0.95)
42,614,197
Adjusted EBITDA calculation:
Net income gain (loss)
Loss on discontinued operations
Impairment expense - other
Impairment expense - goodwill
Depreciation and amortization
Share-based compensation expense
Other income
$
14,486
$
(171)
$
1,158
2,203
(29,340)
12,729
$
(42,301)
1,147
$
(57,326)
17,237
250
250
12,048
12,048
7,427
5,749
10,452
6,554
14,781
16,385
49,045
5,213
13,949
31,465
Change in fair value of contingent consideration
(55)
(291)
41
(305)
Realized gain on sale of equity security
(1)
(1)
Unrealized loss of equity security
2
2
Unrealized (gain)/loss of derivative security
(299)
1,410
1,033
(194)
1,950
Interest income
(33)
(52)
(52)
(54)
(191)
Interest expense
53
8
314
703
1,078
Legal fees related to litigation
development transactions
(Gain) loss on disposal of assets
Professional fees related to financing & business
Severance expenses
Adjusted EBITDA
278
(921)
(643)
136
116
$
28,901
$
143
126
41
189
597
289
102
14
19,638
$
5,112
$
2,711
$
521
827
405
56,362
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