Sight Historical Income Statement
| SGHT Stock | USD 5.67 0.33 6.18% |
Historical analysis of Sight Sciences income statement accounts such as Selling General Administrative of 70.5 M, Total Revenue of 47.6 M, Gross Profit of 38.3 M or Other Operating Expenses of 95.9 M can show how well Sight Sciences performed in making a profits. Evaluating Sight Sciences income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Sight Sciences's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Sight Sciences latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Sight Sciences is a good buy for the upcoming year.
Sight |
About Sight Income Statement Analysis
Sight Sciences Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Sight Sciences shareholders. The income statement also shows Sight investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Sight Sciences Income Statement Chart
Sight Sciences Income Statement is one of the three primary financial statements used for reporting Sight's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Sight Sciences revenue and expense. Sight Sciences Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Sight Sciences' Depreciation And Amortization is comparatively stable compared to the past year. Total Other Income Expense Net is likely to gain to about 1.9 M in 2024, whereas Tax Provision is likely to drop slightly above 74.8 K in 2024. Add Fundamental
Total Revenue
Total revenue comprises all receipts Sight Sciences generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Sight Sciences minus its cost of goods sold. It is profit before Sight Sciences operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Sight Sciences. It is also known as Sight Sciences overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Sight Sciences financial statement analysis. It represents the amount of money remaining after all of Sight Sciences operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most accounts from Sight Sciences' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Sight Sciences current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sight Sciences. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. For more information on how to buy Sight Stock please use our How to Invest in Sight Sciences guide.At this time, Sight Sciences' Depreciation And Amortization is comparatively stable compared to the past year. Total Other Income Expense Net is likely to gain to about 1.9 M in 2024, whereas Tax Provision is likely to drop slightly above 74.8 K in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 40.3M | 59.0M | 69.2M | 38.3M | Total Revenue | 49.0M | 71.3M | 81.1M | 47.6M |
Sight Sciences income statement Correlations
Click cells to compare fundamentals
Sight Sciences Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sight Sciences income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Tax Provision | 8K | 61K | 188K | 47K | 110K | 74.8K | |
| Net Interest Income | (1.8M) | (2.4M) | (4.4M) | (4.5M) | (5.3M) | (5.0M) | |
| Depreciation And Amortization | 434K | 513K | (6.9M) | 2.2M | 614K | 644.7K | |
| Interest Expense | 2.0M | 2.4M | 4.4M | 4.5M | 5.4M | 3.4M | |
| Selling General Administrative | 30.9M | 40.9M | 74.1M | 117.5M | 106.8M | 70.5M | |
| Total Revenue | 23.3M | 27.6M | 49.0M | 71.3M | 81.1M | 47.6M | |
| Gross Profit | 16.8M | 18.4M | 40.3M | 59.0M | 69.2M | 38.3M | |
| Other Operating Expenses | 47.4M | 59.8M | 100.4M | 155.3M | 138.3M | 95.9M | |
| Operating Income | (24.0M) | (32.2M) | (51.5M) | (84.0M) | (57.3M) | (60.1M) | |
| Net Income From Continuing Ops | (25.9M) | (34.7M) | (63.0M) | (86.2M) | (61.8M) | (64.9M) | |
| Ebit | (24.0M) | (32.2M) | (51.5M) | (84.0M) | (57.3M) | (60.1M) | |
| Research Development | 8.1M | 8.9M | 15.6M | 22.9M | 17.6M | 14.4M | |
| Ebitda | (23.6M) | (31.7M) | (58.4M) | (81.7M) | (56.7M) | (59.5M) | |
| Cost Of Revenue | 6.5M | 9.2M | 8.6M | 12.4M | 11.9M | 9.3M | |
| Total Operating Expenses | 40.8M | 50.6M | 91.8M | 142.9M | 126.4M | 86.6M | |
| Reconciled Depreciation | 295K | 554K | 632K | 710K | 608K | 524.7K | |
| Income Before Tax | (25.9M) | (34.6M) | (62.8M) | (86.2M) | (55.4M) | (58.2M) | |
| Total Other Income Expense Net | (1.8M) | (2.4M) | (11.3M) | (2.2M) | 1.8M | 1.9M | |
| Net Income Applicable To Common Shares | (25.9M) | (34.7M) | (63.0M) | (86.2M) | (77.6M) | (73.7M) | |
| Net Income | (25.9M) | (34.7M) | (63.0M) | (86.2M) | (55.5M) | (58.3M) | |
| Income Tax Expense | 8K | 61K | 188K | 47K | 110K | 74.8K |
Pair Trading with Sight Sciences
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Sight Sciences position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Sight Sciences will appreciate offsetting losses from the drop in the long position's value.Moving against Sight Stock
| 0.9 | BIMI | Bimi International | PairCorr |
| 0.81 | CTKB | Cytek Biosciences | PairCorr |
| 0.79 | SSY | SunLink Health Systems | PairCorr |
| 0.7 | NVST | Envista Holdings Corp | PairCorr |
| 0.69 | TFX | Teleflex Incorporated | PairCorr |
The ability to find closely correlated positions to Sight Sciences could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sight Sciences when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sight Sciences - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sight Sciences to buy it.
The correlation of Sight Sciences is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sight Sciences moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sight Sciences moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Sight Sciences can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sight Sciences. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. For more information on how to buy Sight Stock please use our How to Invest in Sight Sciences guide.Note that the Sight Sciences information on this page should be used as a complementary analysis to other Sight Sciences' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Complementary Tools for Sight Stock analysis
When running Sight Sciences' price analysis, check to measure Sight Sciences' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sight Sciences is operating at the current time. Most of Sight Sciences' value examination focuses on studying past and present price action to predict the probability of Sight Sciences' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sight Sciences' price. Additionally, you may evaluate how the addition of Sight Sciences to your portfolios can decrease your overall portfolio volatility.
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum |
Is Sight Sciences' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Sight Sciences. If investors know Sight will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Sight Sciences listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.12) | Revenue Per Share 1.667 | Quarterly Revenue Growth 0.023 | Return On Assets (0.19) | Return On Equity (0.43) |
The market value of Sight Sciences is measured differently than its book value, which is the value of Sight that is recorded on the company's balance sheet. Investors also form their own opinion of Sight Sciences' value that differs from its market value or its book value, called intrinsic value, which is Sight Sciences' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Sight Sciences' market value can be influenced by many factors that don't directly affect Sight Sciences' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Sight Sciences' value and its price as these two are different measures arrived at by different means. Investors typically determine if Sight Sciences is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sight Sciences' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.