INITECH Co Ltd
KOSDAQ:053350
Income Statement
Earnings Waterfall
INITECH Co Ltd
Income Statement
INITECH Co Ltd
| Dec-2006 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
0
|
586
|
1 544
|
2 410
|
3 083
|
3 187
|
3 113
|
3 137
|
3 309
|
3 559
|
3 568
|
3 538
|
3 545
|
3 332
|
3 103
|
2 906
|
2 444
|
1 952
|
1 483
|
1 009
|
795
|
727
|
739
|
764
|
796
|
836
|
829
|
805
|
716
|
617
|
483
|
353
|
291
|
341
|
299
|
301
|
152
|
108
|
65
|
7
|
12
|
(7)
|
16
|
18
|
19
|
18
|
16
|
15
|
11
|
9
|
8
|
8
|
8
|
9
|
12
|
20
|
22
|
0
|
0
|
0
|
|
| Revenue |
12 497
N/A
|
28 868
+131%
|
62 303
+116%
|
99 759
+60%
|
140 508
+41%
|
147 760
+5%
|
155 686
+5%
|
163 919
+5%
|
175 991
+7%
|
185 383
+5%
|
194 690
+5%
|
195 179
+0%
|
191 878
-2%
|
186 861
-3%
|
182 798
-2%
|
182 530
0%
|
186 741
+2%
|
188 562
+1%
|
190 969
+1%
|
197 860
+4%
|
208 974
+6%
|
218 281
+4%
|
227 483
+4%
|
233 852
+3%
|
231 460
-1%
|
238 400
+3%
|
236 762
-1%
|
235 915
0%
|
243 738
+3%
|
242 031
-1%
|
245 950
+2%
|
257 984
+5%
|
262 466
+2%
|
273 586
+4%
|
286 807
+5%
|
287 925
+0%
|
288 034
+0%
|
290 663
+1%
|
291 008
+0%
|
292 638
+1%
|
291 955
0%
|
231 534
-21%
|
169 384
-27%
|
108 100
-36%
|
50 256
-54%
|
52 735
+5%
|
53 693
+2%
|
55 994
+4%
|
53 834
-4%
|
54 158
+1%
|
52 273
-3%
|
49 072
-6%
|
45 651
-7%
|
41 707
-9%
|
39 126
-6%
|
37 050
-5%
|
38 882
+5%
|
37 562
-3%
|
36 981
-2%
|
36 034
-3%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(7 210)
|
(20 551)
|
(44 477)
|
(72 671)
|
(104 387)
|
(110 575)
|
(118 659)
|
(126 803)
|
(137 912)
|
(148 150)
|
(157 438)
|
(158 000)
|
(154 549)
|
(149 121)
|
(145 351)
|
(144 550)
|
(147 693)
|
(151 674)
|
(153 961)
|
(157 155)
|
(161 732)
|
(166 174)
|
(172 003)
|
(177 861)
|
(188 785)
|
(200 458)
|
(203 427)
|
(205 506)
|
(203 936)
|
(203 194)
|
(208 224)
|
(223 715)
|
(235 878)
|
(249 684)
|
(263 246)
|
(263 277)
|
(262 343)
|
(263 700)
|
(264 434)
|
(268 787)
|
(269 701)
|
(212 180)
|
(153 812)
|
(97 085)
|
(41 143)
|
(43 034)
|
(44 759)
|
(47 054)
|
(46 596)
|
(47 440)
|
(45 779)
|
(42 424)
|
(40 340)
|
(36 352)
|
(33 103)
|
(30 411)
|
(29 646)
|
(28 421)
|
(29 272)
|
(29 102)
|
|
| Gross Profit |
5 287
N/A
|
8 317
+57%
|
17 825
+114%
|
27 086
+52%
|
36 121
+33%
|
37 184
+3%
|
37 027
0%
|
37 117
+0%
|
38 078
+3%
|
37 232
-2%
|
37 250
+0%
|
37 177
0%
|
37 328
+0%
|
37 739
+1%
|
37 448
-1%
|
37 981
+1%
|
39 049
+3%
|
36 889
-6%
|
37 008
+0%
|
40 705
+10%
|
47 242
+16%
|
52 107
+10%
|
55 480
+6%
|
55 991
+1%
|
42 676
-24%
|
37 941
-11%
|
33 334
-12%
|
30 408
-9%
|
39 802
+31%
|
38 838
-2%
|
37 727
-3%
|
34 270
-9%
|
26 587
-22%
|
23 902
-10%
|
23 561
-1%
|
24 648
+5%
|
25 691
+4%
|
26 963
+5%
|
26 574
-1%
|
23 851
-10%
|
22 254
-7%
|
19 354
-13%
|
15 572
-20%
|
11 015
-29%
|
9 113
-17%
|
9 701
+6%
|
8 933
-8%
|
8 940
+0%
|
7 238
-19%
|
6 718
-7%
|
6 494
-3%
|
6 648
+2%
|
5 311
-20%
|
5 355
+1%
|
6 023
+12%
|
6 640
+10%
|
9 236
+39%
|
9 141
-1%
|
7 709
-16%
|
6 932
-10%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(3 820)
|
(2 974)
|
(6 498)
|
(10 226)
|
(15 024)
|
(15 856)
|
(16 410)
|
(17 032)
|
(17 042)
|
(18 272)
|
(18 844)
|
(19 802)
|
(20 088)
|
(20 828)
|
(20 927)
|
(20 661)
|
(21 269)
|
(19 601)
|
(19 088)
|
(18 721)
|
(18 567)
|
(19 860)
|
(21 168)
|
(22 626)
|
(19 121)
|
(18 434)
|
(16 536)
|
(14 371)
|
(18 247)
|
(18 416)
|
(18 384)
|
(18 353)
|
(17 720)
|
(33 224)
|
(33 739)
|
(34 415)
|
(19 858)
|
(32 446)
|
(32 617)
|
(32 070)
|
(19 243)
|
(16 542)
|
(13 752)
|
(11 718)
|
(9 384)
|
(9 375)
|
(9 712)
|
(9 261)
|
(9 742)
|
(9 289)
|
(8 938)
|
(8 840)
|
(8 855)
|
(8 601)
|
(8 455)
|
(8 385)
|
(9 005)
|
(9 149)
|
(9 322)
|
(9 518)
|
|
| Selling, General & Administrative |
(3 074)
|
(2 974)
|
(6 497)
|
(10 225)
|
(13 140)
|
(15 856)
|
(16 411)
|
(17 032)
|
(15 119)
|
(18 269)
|
(18 841)
|
(19 210)
|
(17 519)
|
(18 879)
|
(18 287)
|
(17 919)
|
(18 723)
|
(17 145)
|
(16 771)
|
(16 511)
|
(16 253)
|
(17 415)
|
(18 545)
|
(19 834)
|
(16 102)
|
(14 780)
|
(13 376)
|
(11 754)
|
(15 337)
|
(15 594)
|
(15 652)
|
(15 691)
|
(15 127)
|
(14 770)
|
(15 173)
|
(15 733)
|
(16 741)
|
(17 762)
|
(17 981)
|
(17 456)
|
(16 269)
|
(14 031)
|
(11 567)
|
(9 860)
|
(7 923)
|
(7 881)
|
(8 155)
|
(7 643)
|
(8 057)
|
(7 621)
|
(7 335)
|
(7 350)
|
(7 466)
|
(7 278)
|
(7 207)
|
(7 192)
|
(7 801)
|
(7 880)
|
(8 050)
|
(8 060)
|
|
| Research & Development |
(731)
|
0
|
0
|
0
|
(1 535)
|
0
|
0
|
0
|
(1 545)
|
0
|
0
|
(489)
|
(2 069)
|
(1 548)
|
(2 144)
|
(2 241)
|
(2 163)
|
(2 079)
|
(1 946)
|
(1 854)
|
(1 951)
|
(2 081)
|
(2 258)
|
(2 430)
|
(2 662)
|
(2 753)
|
(2 743)
|
(2 699)
|
(2 650)
|
(2 596)
|
(2 535)
|
(2 462)
|
(2 372)
|
(2 193)
|
(2 041)
|
(1 905)
|
(1 710)
|
(1 783)
|
(1 731)
|
(1 700)
|
(1 694)
|
(1 520)
|
(1 465)
|
(1 421)
|
(1 314)
|
(1 344)
|
(1 404)
|
(1 462)
|
(1 526)
|
(1 507)
|
(1 439)
|
(1 327)
|
(1 211)
|
(1 143)
|
(1 084)
|
(1 038)
|
(1 073)
|
(1 158)
|
(1 160)
|
(1 357)
|
|
| Depreciation & Amortization |
(14)
|
0
|
0
|
0
|
(349)
|
0
|
0
|
0
|
(378)
|
0
|
0
|
(100)
|
(500)
|
(398)
|
(493)
|
(498)
|
(384)
|
(376)
|
(371)
|
(357)
|
(362)
|
(364)
|
(363)
|
(360)
|
(357)
|
(345)
|
(327)
|
(293)
|
(260)
|
(227)
|
(199)
|
(203)
|
(220)
|
(438)
|
(702)
|
(953)
|
(1 408)
|
(1 465)
|
(1 468)
|
(1 478)
|
(1 279)
|
(992)
|
(721)
|
(437)
|
(147)
|
(150)
|
(153)
|
(156)
|
(159)
|
(161)
|
(163)
|
(163)
|
(177)
|
(180)
|
(165)
|
(155)
|
(131)
|
(111)
|
(113)
|
(101)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
(3)
|
(3)
|
0
|
(3)
|
(3)
|
(3)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(556)
|
(90)
|
375
|
0
|
0
|
0
|
3
|
0
|
(15 823)
|
(15 823)
|
(15 824)
|
0
|
(11 436)
|
(11 437)
|
(11 436)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Operating Income |
1 467
N/A
|
5 343
+264%
|
11 328
+112%
|
16 862
+49%
|
21 097
+25%
|
21 329
+1%
|
20 617
-3%
|
20 084
-3%
|
21 037
+5%
|
18 961
-10%
|
18 408
-3%
|
17 377
-6%
|
17 240
-1%
|
16 914
-2%
|
16 523
-2%
|
17 322
+5%
|
17 780
+3%
|
17 289
-3%
|
17 921
+4%
|
21 985
+23%
|
28 676
+30%
|
32 247
+12%
|
34 312
+6%
|
33 365
-3%
|
23 555
-29%
|
19 508
-17%
|
16 799
-14%
|
16 038
-5%
|
21 555
+34%
|
20 421
-5%
|
19 342
-5%
|
15 916
-18%
|
8 868
-44%
|
(9 322)
N/A
|
(10 178)
-9%
|
(9 767)
+4%
|
5 833
N/A
|
(5 483)
N/A
|
(6 043)
-10%
|
(8 220)
-36%
|
3 011
N/A
|
2 811
-7%
|
1 820
-35%
|
(704)
N/A
|
(271)
+61%
|
326
N/A
|
(779)
N/A
|
(322)
+59%
|
(2 504)
-678%
|
(2 572)
-3%
|
(2 444)
+5%
|
(2 192)
+10%
|
(3 544)
-62%
|
(3 246)
+8%
|
(2 432)
+25%
|
(1 745)
+28%
|
231
N/A
|
(8)
N/A
|
(1 613)
-20 327%
|
(2 586)
-60%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
2 575
|
(231)
|
(752)
|
(2 049)
|
(4 991)
|
(2 700)
|
(2 766)
|
(2 084)
|
(4 965)
|
(2 322)
|
(2 382)
|
6 375
|
6 476
|
6 686
|
6 933
|
(1 429)
|
(936)
|
(729)
|
(337)
|
(125)
|
128
|
149
|
130
|
(83)
|
(600)
|
(636)
|
(728)
|
(536)
|
(192)
|
(11)
|
373
|
434
|
591
|
698
|
761
|
1 073
|
1 232
|
1 534
|
1 339
|
1 386
|
1 192
|
730
|
619
|
251
|
406
|
359
|
732
|
1 125
|
1 869
|
2 503
|
2 937
|
3 331
|
3 472
|
3 456
|
3 508
|
3 527
|
3 454
|
3 316
|
21 492
|
26 325
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(465)
|
(1 958)
|
(1 587)
|
(3 698)
|
(3 698)
|
(4 369)
|
(4 369)
|
(2 667)
|
(2 667)
|
(1 718)
|
(1 718)
|
(1 774)
|
(1 774)
|
(1 019)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(15 826)
|
0
|
0
|
0
|
(11 437)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
(12)
|
0
|
0
|
0
|
59
|
0
|
0
|
15
|
(4)
|
0
|
0
|
1
|
1
|
242
|
244
|
280
|
(114)
|
0
|
(357)
|
(379)
|
54
|
59
|
18
|
3
|
(48)
|
0
|
(14)
|
(14)
|
(3)
|
0
|
0
|
(1)
|
(19)
|
(23)
|
4
|
0
|
608
|
613
|
0
|
0
|
2 362
|
0
|
2 362
|
2 362
|
(2)
|
(2)
|
0
|
0
|
0
|
(415)
|
(415)
|
(415)
|
(415)
|
0
|
182
|
182
|
|
| Total Other Income |
145
|
(298)
|
(708)
|
(3 821)
|
(3 637)
|
(6 219)
|
(7 715)
|
(5 074)
|
(233)
|
(3 036)
|
(1 522)
|
(1 040)
|
53
|
(261)
|
123
|
115
|
311
|
299
|
303
|
298
|
6
|
(349)
|
11
|
(1)
|
(107)
|
(101)
|
(174)
|
(1 280)
|
(1 172)
|
(1 230)
|
969
|
3 030
|
3 058
|
3 063
|
989
|
40
|
(1 085)
|
(1 200)
|
(1 425)
|
(975)
|
(3 812)
|
(3 780)
|
(2 990)
|
(3 437)
|
(97)
|
2 654
|
300
|
651
|
355
|
357
|
367
|
24
|
(271)
|
(279)
|
(271)
|
(261)
|
14
|
54
|
45
|
32
|
|
| Pre-Tax Income |
4 187
N/A
|
4 815
+15%
|
9 869
+105%
|
10 993
+11%
|
12 457
+13%
|
12 410
0%
|
10 136
-18%
|
12 927
+28%
|
15 898
+23%
|
13 605
-14%
|
14 506
+7%
|
22 262
+53%
|
21 808
-2%
|
21 752
0%
|
19 881
-9%
|
12 310
-38%
|
12 786
+4%
|
12 733
0%
|
15 465
+21%
|
19 772
+28%
|
26 977
+36%
|
30 329
+12%
|
32 322
+7%
|
31 128
-4%
|
21 883
-30%
|
18 829
-14%
|
15 914
-15%
|
14 224
-11%
|
20 143
+42%
|
19 180
-5%
|
20 670
+8%
|
19 366
-6%
|
(3 312)
N/A
|
(5 563)
-68%
|
(8 427)
-51%
|
(8 655)
-3%
|
(5 476)
+37%
|
(5 172)
+6%
|
(6 124)
-18%
|
(7 809)
-28%
|
999
N/A
|
374
-63%
|
(552)
N/A
|
(3 890)
-605%
|
2 401
N/A
|
3 339
+39%
|
2 615
-22%
|
3 817
+46%
|
(282)
N/A
|
287
N/A
|
859
+199%
|
1 161
+35%
|
(342)
N/A
|
(484)
-41%
|
389
N/A
|
1 105
+184%
|
3 283
+197%
|
3 361
+2%
|
20 106
+498%
|
23 954
+19%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(985)
|
(1 268)
|
(2 775)
|
(3 420)
|
(3 923)
|
(3 855)
|
(3 094)
|
(3 443)
|
(6 831)
|
(7 406)
|
(7 010)
|
(9 645)
|
(5 967)
|
(4 903)
|
(5 699)
|
(3 289)
|
(4 361)
|
(4 494)
|
(4 174)
|
(4 937)
|
(8 158)
|
(9 361)
|
(10 200)
|
(10 329)
|
(6 776)
|
(5 584)
|
(5 033)
|
(4 014)
|
(4 567)
|
(4 292)
|
(4 522)
|
(4 708)
|
(3 671)
|
(2 730)
|
(2 289)
|
(2 205)
|
(2 095)
|
(3 399)
|
(2 424)
|
(1 804)
|
836
|
1 655
|
1 592
|
2 517
|
(560)
|
(435)
|
(446)
|
468
|
484
|
373
|
321
|
(950)
|
40
|
183
|
226
|
228
|
(944)
|
(934)
|
(4 789)
|
(3 966)
|
|
| Income from Continuing Operations |
3 202
|
3 546
|
7 093
|
7 572
|
8 534
|
8 556
|
7 043
|
9 485
|
9 067
|
6 199
|
7 496
|
12 617
|
15 841
|
16 848
|
14 180
|
9 019
|
8 424
|
8 238
|
11 290
|
14 833
|
18 820
|
20 966
|
22 121
|
20 799
|
15 106
|
13 245
|
10 881
|
10 210
|
15 576
|
14 888
|
16 148
|
14 658
|
(6 983)
|
(8 293)
|
(10 716)
|
(10 860)
|
(7 572)
|
(8 571)
|
(8 548)
|
(9 613)
|
1 836
|
2 027
|
1 039
|
(1 374)
|
1 840
|
2 904
|
2 169
|
4 284
|
201
|
660
|
1 180
|
211
|
(302)
|
(302)
|
616
|
1 334
|
2 340
|
2 428
|
15 317
|
19 988
|
|
| Income to Minority Interest |
0
|
(1 242)
|
(2 653)
|
(3 174)
|
(3 374)
|
(3 252)
|
(2 724)
|
(3 175)
|
(4 226)
|
(3 210)
|
(3 537)
|
(3 323)
|
(2 955)
|
(3 396)
|
(3 204)
|
(3 394)
|
(3 268)
|
(3 276)
|
(3 379)
|
(4 753)
|
(6 619)
|
(7 699)
|
(8 082)
|
(7 537)
|
(4 932)
|
(4 013)
|
(3 550)
|
(3 097)
|
(5 439)
|
(5 247)
|
(5 715)
|
(5 525)
|
(3 493)
|
(2 702)
|
(1 841)
|
(1 584)
|
(1 195)
|
(1 014)
|
(1 156)
|
(1 104)
|
(356)
|
(809)
|
(19)
|
806
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Net Income (Common) |
3 202
N/A
|
2 304
-28%
|
4 440
+93%
|
4 399
-1%
|
5 160
+17%
|
5 305
+3%
|
4 320
-19%
|
6 310
+46%
|
4 841
-23%
|
2 989
-38%
|
3 959
+32%
|
9 294
+135%
|
12 887
+39%
|
13 452
+4%
|
10 977
-18%
|
5 626
-49%
|
5 156
-8%
|
4 964
-4%
|
7 913
+59%
|
10 083
+27%
|
12 200
+21%
|
13 269
+9%
|
14 040
+6%
|
13 261
-6%
|
10 174
-23%
|
9 231
-9%
|
7 330
-21%
|
7 114
-3%
|
10 136
+42%
|
9 641
-5%
|
10 433
+8%
|
9 132
-12%
|
(10 476)
N/A
|
(10 995)
-5%
|
(12 557)
-14%
|
(12 444)
+1%
|
(8 767)
+30%
|
(9 586)
-9%
|
(9 705)
-1%
|
(10 719)
-10%
|
1 480
N/A
|
1 387
-6%
|
1 884
+36%
|
1 034
-45%
|
3 580
+246%
|
4 474
+25%
|
3 044
-32%
|
4 423
+45%
|
201
-95%
|
660
+228%
|
1 180
+79%
|
211
-82%
|
(302)
N/A
|
(302)
+0%
|
616
N/A
|
1 334
+117%
|
2 340
+75%
|
2 428
+4%
|
15 317
+531%
|
19 988
+30%
|
|
| EPS (Diluted) |
266.83
N/A
|
144
-46%
|
296
+106%
|
338.38
+14%
|
303.52
-10%
|
279.21
-8%
|
227.36
-19%
|
332.1
+46%
|
254.78
-23%
|
157.31
-38%
|
208.36
+32%
|
489.15
+135%
|
678.26
+39%
|
708
+4%
|
577.73
-18%
|
296.1
-49%
|
271.36
-8%
|
261.26
-4%
|
416.47
+59%
|
530.68
+27%
|
642.1
+21%
|
698.36
+9%
|
738.94
+6%
|
697.94
-6%
|
535.47
-23%
|
485.84
-9%
|
385.78
-21%
|
374.42
-3%
|
533.47
+42%
|
507.42
-5%
|
549.1
+8%
|
480.63
-12%
|
-551.36
N/A
|
-578.68
-5%
|
-660.89
-14%
|
-654.94
+1%
|
-461.42
+30%
|
-504.52
-9%
|
-510.78
-1%
|
-564.15
-10%
|
77.89
N/A
|
71.52
-8%
|
97.14
+36%
|
53.29
-45%
|
184.59
+246%
|
233.64
+27%
|
159.52
-32%
|
236.68
+48%
|
10.63
-96%
|
36.05
+239%
|
65.34
+81%
|
11.88
-82%
|
-16.9
N/A
|
-17.19
-2%
|
35.52
N/A
|
78.97
+122%
|
136.42
+73%
|
144.76
+6%
|
913.26
+531%
|
1 191.79
+30%
|
|