Define: Positive Net Income

How is Positive Net Income defined in a legal contract?

• Positive Net Income means the net income for a fiscal quarter, without any deductions for net losses in the same fiscal quarter. Seen in 2 SEC filings.
• Positive Net Income means the net income of not less than one dollar. Seen in 1 SEC filing.
• Positive Net Income means the positive net income determined according to generally accepted accounting principles consistently applied and adjusted for non-cash stock compensation, depreciation and amortization, and non-cash foreign exchange gains or losses. Seen in 1 SEC filing.
• Positive Net Income means the net income for the applicable period of not less than one dollar. Seen in 1 SEC filing.
• Positive Net Income means the net income after subtracting all costs and expenses related to conducting the business, including interest, taxes and depreciation, resulting in a positive total gross revenue. Seen in 1 SEC filing.
• Positive Net Income means maintaining a positive net income, measured quarterly. Seen in 1 SEC filing.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of positive net income' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Positive Net Income means income exceeding costs and expenses in a fiscal quarter.

Relevant Contract Types

• Employment Contract
• Consulting Agreement
• Performance Contract

Relevant Circumstances

• Contracts where agreement depends on quarterly financial performance
• Contracts involving performance-based bonuses or perks

Relevant Sectors

• Finance
• Information Technology
• Manufacturing

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Genie Definition 2

• Positive Net Income means net income that is greater than [specified amount in currency].

Relevant Contract Types

• Loan Agreement
• Licensing Agreement
• Investment Agreement

Relevant Circumstances

• Contracts where specific financial performance indicators are needed
• Contracts involving lending or investment

Relevant Sectors

• Finance
• Real Estate
• Technology Startups

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