Smit Holdings Ltd
HKEX:2239
Income Statement
Earnings Waterfall
Smit Holdings Ltd
Revenue
|
29.4m
USD
|
Cost of Revenue
|
-17.3m
USD
|
Gross Profit
|
12.1m
USD
|
Operating Expenses
|
-24.9m
USD
|
Operating Income
|
-12.7m
USD
|
Other Expenses
|
69.9m
USD
|
Net Income
|
57.2m
USD
|
Income Statement
Smit Holdings Ltd
Dec-2017 | Jun-2018 | Dec-2018 | Jun-2019 | Dec-2019 | Jun-2020 | Dec-2020 | Jun-2021 | Dec-2021 | Jun-2022 | Dec-2022 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||
Revenue |
92
N/A
|
87
-5%
|
41
-53%
|
31
-25%
|
38
+23%
|
39
+2%
|
38
-2%
|
35
-7%
|
36
+3%
|
37
+1%
|
29
-20%
|
|
Gross Profit | ||||||||||||
Cost of Revenue |
(59)
|
(60)
|
(28)
|
(18)
|
(23)
|
(25)
|
(24)
|
(20)
|
(19)
|
(20)
|
(17)
|
|
Gross Profit |
33
N/A
|
28
-15%
|
14
-50%
|
13
-6%
|
15
+19%
|
13
-12%
|
13
-1%
|
15
+15%
|
17
+12%
|
17
-1%
|
12
-29%
|
|
Operating Income | ||||||||||||
Operating Expenses |
(17)
|
(18)
|
(18)
|
(19)
|
(22)
|
(20)
|
(16)
|
(20)
|
(22)
|
(24)
|
(25)
|
|
Selling, General & Administrative |
(10)
|
(11)
|
(12)
|
(13)
|
(15)
|
(14)
|
(10)
|
(12)
|
(12)
|
(13)
|
(11)
|
|
Research & Development |
(8)
|
(8)
|
(8)
|
(8)
|
(9)
|
(11)
|
(22)
|
(37)
|
(32)
|
(38)
|
(27)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
(1)
|
0
|
(2)
|
0
|
(7)
|
0
|
(13)
|
|
Other Operating Expenses |
1
|
1
|
1
|
2
|
4
|
6
|
18
|
29
|
29
|
27
|
26
|
|
Operating Income |
16
N/A
|
9
-39%
|
(5)
N/A
|
(7)
-42%
|
(7)
-1%
|
(6)
+8%
|
(3)
+54%
|
(4)
-56%
|
(5)
-7%
|
(7)
-60%
|
(13)
-71%
|
|
Pre-Tax Income | ||||||||||||
Interest Income Expense |
(2)
|
(1)
|
5
|
5
|
(5)
|
(9)
|
(8)
|
(3)
|
12
|
12
|
(6)
|
|
Non-Reccuring Items |
0
|
0
|
(1)
|
(1)
|
23
|
23
|
6
|
6
|
1
|
1
|
86
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
14
N/A
|
9
-37%
|
(0)
N/A
|
(2)
-748%
|
12
N/A
|
8
-30%
|
(5)
N/A
|
(1)
+72%
|
8
N/A
|
6
-33%
|
67
+1 104%
|
|
Net Income | ||||||||||||
Tax Provision |
(3)
|
(2)
|
2
|
2
|
1
|
0
|
2
|
2
|
2
|
1
|
(10)
|
|
Income from Continuing Operations |
11
|
7
|
1
|
(0)
|
12
|
9
|
(3)
|
1
|
10
|
7
|
57
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
(2)
|
(2)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
|
Net Income (Common) |
11
N/A
|
7
-39%
|
1
-80%
|
(0)
N/A
|
11
N/A
|
7
-36%
|
(4)
N/A
|
1
N/A
|
10
+1 104%
|
7
-29%
|
57
+715%
|
|
EPS (Diluted) |
0.04
N/A
|
0.02
-50%
|
0
N/A
|
0
N/A
|
0.03
N/A
|
0.03
N/A
|
-0.01
N/A
|
0
N/A
|
0.03
N/A
|
0.02
-33%
|
0.18
+800%
|