P10 Industries Inc. (PX)

[236T568]

the method is correct, but more easily you can just subtract the 9 months numbers contained in the 3rd quarter financails from the 12 month numbers


note: this method is more valid, because sometimes the 9 month figures will include adjustments to the actual quarterly figures previously filed with the SEC


furthermore, your numbers are incorrect

the 1st, 2nd and 3rd quarters resulted in NEGATIVE Net Income, so you should be ADDING to the full year Net Income to come up with the 4th quarter Net Income.

The figures are summarized in the the PIOE Annual Report anyway:

http://ir.p10industries.com/static-files/ebbf0d9a-ade3-4b50-b080-63dcc02d4ad2

PIOE 2018 Net Income

Q1 - ($2.698) million
Q2 - ($1.436) million
Q3 - ($0.546) million
Q4 - $10.440 million
Year - $5.988 million

2018 Q4: ($6M - 2.5M -1.4M -0.5M) = $1.6M (Note: I needed to "back out" the number for Q4 by taking the annual number and subtracting the numbers for the first 3 quarters)