Income Statement

A financial statement that shows a company’s financial performance over a specific time period. It delineates the Revenue and Expenses. It also delineates Net Income, which is Total Revenue – Total Expenses. Because this statement includes both cash and non-cash items, it does not reflect net cash flow.6

Tony Lettich

Tony Lettich has previous Business Analysis, Business Valuation, M&A, and Venture Capital experience and currently serves as the Managing Director of The Angel Roundtable and a Partner in Sheehan, Lettich M&A Advisory. He is also a co-founder of FundingSage, which provides valuable information, tools and resources to entrepreneurs seeking to launch and build startups.