Income Statement | | | | | | | | | | | | |
| | | | | | | | | | | | Original |
JOD | Fiscal Year Ending | | Latest |
(in millions) | Dec-15 | Dec-16 | Dec-17 | Dec-18 | Dec-19 | Dec-20 | Dec-21 | Dec-22 | Dec-23 | Dec-24 | | Mar-25 |
| FY - 9 | FY - 8 | FY - 7 | FY - 6 | FY - 5 | FY - 4 | FY - 3 | FY - 2 | FY - 1 | FY | | LTM |
| | | | | | | | | | | | |
Revenue | 19 | 20 | 17 | 17 | 20 | 23 | 23 | 24 | 30 | 36 | | 37 |
% Growth | NA | 2.3% | -10.9% | -2.5% | 15.5% | 15.2% | 0.3% | 7.1% | 23.5% | 19.3% | | |
| | | | | | | | | | | | |
Cost of Revenue | (14) | (14) | (12) | (12) | (14) | (15) | (15) | (16) | (20) | (24) | | (24) |
Gross Profit | 5 | 5 | 5 | 5 | 6 | 8 | 8 | 8 | 10 | 12 | | 12 |
% Revenue | 25.5% | 28.1% | 31.0% | 31.1% | 31.0% | 34.7% | 35.3% | 34.2% | 32.7% | 33.3% | | 33.2% |
| | | | | | | | | | | | |
Research and Development | 0 | 0 | 0 | 0 | 0 | 0 | (0) | (0) | (0) | (0) | | (0) |
Selling and Marketing | (1) | (1) | (1) | (1) | (1) | (1) | (1) | (1) | (1) | (1) | | (1) |
General and Admin | (2) | (2) | (2) | (2) | (2) | (2) | (2) | (2) | (2) | (3) | | (3) |
Other Inc / (Exp) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | | 1 |
Total Operating Exp | (2) | (2) | (2) | (3) | (3) | (3) | (3) | (3) | (3) | (4) | | (4) |
| | | | | | | | | | | | |
Operating Income | 3 | 3 | 3 | 3 | 4 | 5 | 5 | 5 | 7 | 8 | | 8 |
% Revenue | 15.0% | 16.6% | 17.3% | 16.2% | 18.0% | 22.2% | 22.7% | 22.6% | 21.9% | 22.7% | | 22.7% |
| | | | | | | | | | | | |
Interest Expense | (0) | (0) | (0) | (0) | (0) | (0) | (0) | (0) | (0) | (0) | | (0) |
Pre-tax Income | 2 | 3 | 3 | 3 | 3 | 5 | 5 | 5 | 6 | 8 | | 8 |
Earnings of Discontinued Ops. | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Provision for Taxes | (0) | (0) | (0) | (0) | (0) | (0) | (0) | (0) | (0) | (1) | | (1) |
Net Income to Company | 2 | 3 | 3 | 3 | 3 | 4 | 4 | 5 | 6 | 7 | | 7 |
% Margin | 12.1% | 14.3% | 14.9% | 14.8% | 16.0% | 19.5% | 19.7% | 20.0% | 19.3% | 20.3% | | 20.2% |
| | | | | | | | | | | | |
Minority Interest in Earnings | (1) | (1) | (1) | (0) | (1) | (1) | (1) | (1) | (1) | (2) | | (1) |
Net Income to Stockholders | 2 | 2 | 2 | 2 | 2 | 3 | 4 | 4 | 4 | 6 | | 6 |
| | | | | | | | | | | | |
Preferred Dividends | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Other Adj. | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
| | | | | | | | | | | | |
Net Income to Common | 2 | 2 | 2 | 2 | 2 | 3 | 4 | 4 | 4 | 6 | | 6 |
% Margin | 9.1% | 11.5% | 11.6% | 11.9% | 12.4% | 14.7% | 15.7% | 16.1% | 14.9% | 16.0% | | 16.2% |
| | | | | | | | | | | | |
As Reported | | | | | | | | | | | | |
Basic EPS (Continuing Ops) | 0.12 | 0.15 | 0.13 | 0.13 | 0.16 | 0.22 | 0.24 | 0.26 | 0.29 | 0.35 | | 0.36 |
Diluted EPS (Continuing Ops) | 0.12 | 0.15 | 0.13 | 0.13 | 0.16 | 0.22 | 0.24 | 0.26 | 0.29 | 0.35 | | 0.36 |
| | | | | | | | | | | | |
WA Basic Shares Out. | 15.00 | 15.00 | 15.00 | 15.00 | 15.00 | 15.00 | 15.00 | 15.00 | 15.50 | 16.50 | | 16.50 |
WA Diluted Shares Out. | 15.00 | 15.00 | 15.00 | 15.00 | 15.00 | 15.00 | 15.00 | 15.00 | 15.50 | 16.50 | | 16.50 |
| | | | | | | | | | | | |
EBITDA, EBIT Reconciliation | | | | | | | | | | | | |
EBT, Incl. Unusual Items | 2 | 3 | 3 | 3 | 3 | 5 | 5 | 5 | 6 | 8 | | 8 |
Addback: Net Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Addback: Other Non Operating Expenses, Total | (0) | (0) | (0) | (0) | (0) | (0) | (0) | (0) | (0) | (0) | | (0) |
Addback: Depreciation & Amortization | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 1 | | 1 |
Addback: Restructuring Charges | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Addback: Merger / Acquisition Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Addback: Goodwill Impairment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Addback: Gain (Loss) On Sale Of Invest. | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Addback: Gain (Loss) On Sale Of Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Addback: Asset Writedown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Addback: In Process R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Addback: Insurance Settlements | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Addback: Legal Settlements | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Addback: Other Unusual Items | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Adjusted EBITDA | 3 | 4 | 3 | 3 | 4 | 5 | 5 | 6 | 7 | 8 | | 8 |
% Margin | 16.7% | 18.1% | 19.1% | 19.0% | 19.6% | 23.6% | 22.9% | 23.0% | 22.3% | 22.8% | | 22.8% |
| | | | | | | | | | | | |
Adjusted EBIT | 2 | 3 | 3 | 2 | 3 | 5 | 5 | 5 | 6 | 8 | | 8 |
% Margin | 13.0% | 14.3% | 14.5% | 13.8% | 16.0% | 21.2% | 21.1% | 21.1% | 20.6% | 21.3% | | 21.3% |
| | | | | | | | | | | | |
Adjusted Net Income Reconciliation | | | | | | | | | | | | |
Net Income to Company | 2 | 3 | 3 | 3 | 3 | 4 | 4 | 5 | 6 | 7 | | 7 |
Addback: Unusual Items | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Less: Tax Benefit of Unusual Items (26%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Adjusted Net Income | 2 | 3 | 3 | 3 | 3 | 4 | 4 | 5 | 6 | 7 | | 7 |
% Margin | 12.1% | 14.3% | 14.9% | 14.8% | 16.0% | 19.5% | 19.7% | 20.0% | 19.3% | 20.3% | | 20.2% |