ConnectWave Co Ltd
KOSDAQ:119860
Income Statement
Earnings Waterfall
ConnectWave Co Ltd
Revenue
|
460.3B
KRW
|
Cost of Revenue
|
-168.3m
KRW
|
Gross Profit
|
460.1B
KRW
|
Operating Expenses
|
-409.9B
KRW
|
Operating Income
|
50.2B
KRW
|
Other Expenses
|
-48.5B
KRW
|
Net Income
|
1.7B
KRW
|
Income Statement
ConnectWave Co Ltd
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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
26 572
N/A
|
27 524
+4%
|
28 499
+4%
|
32 803
+15%
|
35 190
+7%
|
37 594
+7%
|
40 747
+8%
|
39 634
-3%
|
45 481
+15%
|
52 287
+15%
|
57 752
+10%
|
63 628
+10%
|
64 408
+1%
|
77 657
+21%
|
78 900
+2%
|
89 976
+14%
|
107 606
+20%
|
98 913
-8%
|
104 439
+6%
|
105 998
+1%
|
106 302
+0%
|
107 974
+2%
|
108 888
+1%
|
106 103
-3%
|
171 303
+61%
|
178 553
+4%
|
192 402
+8%
|
196 513
+2%
|
231 956
+18%
|
244 711
+5%
|
242 642
-1%
|
254 525
+5%
|
190 999
-25%
|
165 101
-14%
|
170 002
+3%
|
169 423
0%
|
452 615
+167%
|
531 292
+17%
|
604 404
+14%
|
674 728
+12%
|
460 268
-32%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(346)
|
(1 163)
|
(1 846)
|
(4 887)
|
(7 091)
|
(8 227)
|
(10 184)
|
(8 389)
|
(12 921)
|
(19 230)
|
(24 104)
|
(28 328)
|
(28 563)
|
(37 817)
|
(36 722)
|
(44 446)
|
(57 608)
|
(46 593)
|
(47 996)
|
(47 217)
|
(45 127)
|
(44 208)
|
(43 679)
|
(39 006)
|
(97 226)
|
(100 566)
|
(109 339)
|
(110 533)
|
(146 299)
|
(161 950)
|
(164 217)
|
(177 202)
|
(111 340)
|
(91 348)
|
(95 520)
|
(96 124)
|
(8 856)
|
(45 188)
|
(24 063)
|
2 406
|
(168)
|
|
Gross Profit |
12 890
N/A
|
19 993
+55%
|
26 652
+33%
|
27 916
+5%
|
28 099
+1%
|
29 366
+5%
|
30 562
+4%
|
31 243
+2%
|
32 559
+4%
|
33 056
+2%
|
33 647
+2%
|
35 300
+5%
|
35 845
+2%
|
39 840
+11%
|
42 178
+6%
|
45 530
+8%
|
49 999
+10%
|
52 320
+5%
|
56 443
+8%
|
58 781
+4%
|
61 174
+4%
|
63 765
+4%
|
65 208
+2%
|
67 096
+3%
|
74 077
+10%
|
77 987
+5%
|
83 063
+7%
|
85 980
+4%
|
85 657
0%
|
82 761
-3%
|
78 425
-5%
|
77 323
-1%
|
79 659
+3%
|
73 753
-7%
|
74 482
+1%
|
73 299
-2%
|
443 759
+505%
|
157 783
-64%
|
252 021
+60%
|
348 814
+38%
|
460 100
+32%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(20 762)
|
(20 953)
|
(21 618)
|
(22 783)
|
(22 914)
|
(24 457)
|
(25 482)
|
(26 234)
|
(26 846)
|
(26 421)
|
(25 747)
|
(26 098)
|
(27 311)
|
(29 551)
|
(30 779)
|
(32 515)
|
(34 753)
|
(36 226)
|
(38 226)
|
(39 755)
|
(41 009)
|
(41 665)
|
(41 569)
|
(42 103)
|
(45 716)
|
(47 902)
|
(50 262)
|
(50 106)
|
(47 879)
|
(45 682)
|
(42 805)
|
(41 740)
|
(44 712)
|
(42 607)
|
(41 779)
|
(40 211)
|
(400 328)
|
(436 837)
|
(530 383)
|
(627 662)
|
(409 940)
|
|
Selling, General & Administrative |
(8 812)
|
(13 263)
|
(17 974)
|
(19 120)
|
(19 755)
|
(21 277)
|
(22 314)
|
(22 999)
|
(23 641)
|
(23 606)
|
(23 798)
|
(24 118)
|
(23 650)
|
(25 851)
|
(27 121)
|
(28 780)
|
(30 711)
|
(31 647)
|
(33 259)
|
(34 442)
|
(35 452)
|
(35 402)
|
(34 654)
|
(34 524)
|
(37 488)
|
(39 459)
|
(41 762)
|
(41 811)
|
(38 965)
|
(36 978)
|
(34 246)
|
(33 589)
|
(36 990)
|
(33 932)
|
(33 177)
|
(31 811)
|
(126 504)
|
(293 052)
|
(380 226)
|
(470 374)
|
(125 039)
|
|
Research & Development |
(1 221)
|
(1 856)
|
(2 488)
|
(2 494)
|
(2 468)
|
(2 420)
|
(2 424)
|
(2 495)
|
(2 539)
|
(2 598)
|
(2 707)
|
(2 782)
|
(3 094)
|
(3 164)
|
(3 124)
|
(3 189)
|
(3 409)
|
(3 575)
|
(3 793)
|
(3 997)
|
(4 339)
|
(4 404)
|
(4 403)
|
(4 424)
|
(4 507)
|
(4 580)
|
(4 748)
|
(4 886)
|
(5 310)
|
(5 337)
|
(5 330)
|
(5 288)
|
(4 973)
|
(5 780)
|
(5 815)
|
(5 773)
|
0
|
0
|
0
|
0
|
0
|
|
Depreciation & Amortization |
(339)
|
(503)
|
(675)
|
(689)
|
(690)
|
(687)
|
(670)
|
(665)
|
(666)
|
(671)
|
(656)
|
(612)
|
(567)
|
(532)
|
(536)
|
(548)
|
(634)
|
(775)
|
(940)
|
(1 111)
|
(1 217)
|
(1 671)
|
(2 131)
|
(2 509)
|
(2 946)
|
(2 953)
|
(2 908)
|
(2 950)
|
(2 950)
|
(2 789)
|
(2 776)
|
(2 724)
|
(2 749)
|
(2 782)
|
(2 676)
|
(2 592)
|
(20 289)
|
(25 265)
|
(30 272)
|
(35 284)
|
(22 624)
|
|
Other Operating Expenses |
(10 389)
|
(5 330)
|
(481)
|
(480)
|
0
|
(73)
|
(74)
|
(75)
|
0
|
453
|
1 414
|
1 414
|
0
|
(5)
|
0
|
0
|
0
|
(229)
|
(234)
|
(205)
|
0
|
(188)
|
(381)
|
(646)
|
(776)
|
(910)
|
(844)
|
(460)
|
(654)
|
(578)
|
(452)
|
(139)
|
0
|
(112)
|
(112)
|
(34)
|
(253 535)
|
(118 520)
|
(119 885)
|
(122 004)
|
(262 276)
|
|
Operating Income |
5 464
N/A
|
5 408
-1%
|
5 035
-7%
|
5 134
+2%
|
5 186
+1%
|
4 910
-5%
|
5 081
+3%
|
5 010
-1%
|
5 714
+14%
|
6 635
+16%
|
7 900
+19%
|
9 202
+16%
|
8 534
-7%
|
10 289
+21%
|
11 398
+11%
|
13 014
+14%
|
15 245
+17%
|
16 093
+6%
|
18 217
+13%
|
19 026
+4%
|
20 166
+6%
|
22 099
+10%
|
23 638
+7%
|
24 992
+6%
|
28 361
+13%
|
30 084
+6%
|
32 800
+9%
|
35 873
+9%
|
37 778
+5%
|
37 077
-2%
|
35 619
-4%
|
35 582
0%
|
34 947
-2%
|
31 147
-11%
|
32 703
+5%
|
33 088
+1%
|
43 431
+31%
|
49 267
+13%
|
49 957
+1%
|
49 472
-1%
|
50 161
+1%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
1 246
|
1 210
|
1 241
|
1 221
|
1 199
|
1 143
|
1 009
|
939
|
892
|
772
|
711
|
600
|
642
|
716
|
836
|
950
|
961
|
930
|
1 014
|
991
|
947
|
1 032
|
2 068
|
2 198
|
1 484
|
1 479
|
477
|
527
|
2 339
|
2 328
|
2 255
|
2 150
|
1 630
|
11 016
|
11 396
|
12 469
|
(5 764)
|
(17 179)
|
(20 170)
|
(18 501)
|
(10 803)
|
|
Non-Reccuring Items |
0
|
(482)
|
0
|
0
|
(558)
|
0
|
0
|
0
|
(25)
|
960
|
0
|
0
|
985
|
0
|
0
|
(28)
|
(236)
|
0
|
0
|
0
|
(189)
|
0
|
0
|
0
|
(330)
|
0
|
0
|
(434)
|
(104)
|
0
|
0
|
(77)
|
(34)
|
0
|
0
|
0
|
(2 173)
|
0
|
0
|
0
|
(15 802)
|
|
Gain/Loss on Disposition of Assets |
(8)
|
(8)
|
22
|
20
|
29
|
30
|
0
|
2
|
1
|
1
|
2
|
1
|
1
|
16
|
16
|
23
|
(409)
|
0
|
(410)
|
(428)
|
(11)
|
(34)
|
(48)
|
(37)
|
(203)
|
(401)
|
(405)
|
(387)
|
(302)
|
(217)
|
(204)
|
(51)
|
(131)
|
210
|
939
|
769
|
741
|
698
|
(53)
|
5 850
|
6 686
|
|
Total Other Income |
(342)
|
26
|
33
|
56
|
25
|
130
|
15
|
(5)
|
(10)
|
(99)
|
15
|
86
|
39
|
94
|
113
|
55
|
(28)
|
(458)
|
(50)
|
(60)
|
3
|
(6)
|
(9)
|
0
|
15
|
(60)
|
(64)
|
(80)
|
(229)
|
(148)
|
(122)
|
(85)
|
200
|
174
|
248
|
277
|
(12 965)
|
(16 601)
|
(17 226)
|
(17 519)
|
(13 625)
|
|
Pre-Tax Income |
6 360
N/A
|
6 153
-3%
|
6 329
+3%
|
6 429
+2%
|
5 880
-9%
|
6 212
+6%
|
6 105
-2%
|
5 947
-3%
|
6 571
+10%
|
8 269
+26%
|
8 627
+4%
|
9 888
+15%
|
10 201
+3%
|
11 115
+9%
|
12 363
+11%
|
14 013
+13%
|
15 533
+11%
|
16 565
+7%
|
18 770
+13%
|
19 528
+4%
|
20 916
+7%
|
23 090
+10%
|
25 648
+11%
|
27 154
+6%
|
29 327
+8%
|
31 103
+6%
|
32 809
+5%
|
35 500
+8%
|
39 481
+11%
|
39 043
-1%
|
37 550
-4%
|
37 520
0%
|
36 612
-2%
|
42 547
+16%
|
45 286
+6%
|
46 603
+3%
|
23 269
-50%
|
16 184
-30%
|
12 509
-23%
|
19 302
+54%
|
16 617
-14%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(792)
|
(891)
|
(915)
|
(1 001)
|
(938)
|
(962)
|
(970)
|
(967)
|
(518)
|
(614)
|
(576)
|
(667)
|
(1 266)
|
(1 349)
|
(1 963)
|
(2 093)
|
(2 019)
|
(2 375)
|
(2 970)
|
(3 210)
|
(4 520)
|
(4 923)
|
(5 465)
|
(5 744)
|
(5 761)
|
(6 316)
|
(6 321)
|
(6 997)
|
(7 680)
|
(7 713)
|
(7 406)
|
(7 505)
|
(7 641)
|
(9 674)
|
(10 910)
|
(10 844)
|
(2 024)
|
(1 028)
|
(1 404)
|
(3 579)
|
(14 587)
|
|
Income from Continuing Operations |
5 569
|
5 262
|
5 415
|
5 429
|
4 942
|
5 250
|
5 135
|
4 979
|
6 053
|
7 654
|
8 050
|
9 220
|
8 935
|
9 766
|
10 400
|
11 920
|
13 514
|
14 190
|
15 800
|
16 318
|
16 396
|
18 167
|
20 184
|
21 411
|
23 566
|
24 788
|
26 487
|
28 502
|
31 802
|
31 330
|
30 145
|
30 016
|
28 971
|
32 873
|
34 376
|
35 760
|
21 246
|
15 156
|
11 104
|
15 723
|
2 030
|
|
Income to Minority Interest |
0
|
0
|
0
|
14
|
43
|
47
|
47
|
42
|
14
|
9
|
9
|
0
|
0
|
(3)
|
0
|
1
|
(1)
|
2
|
5
|
5
|
12
|
13
|
9
|
8
|
0
|
(1)
|
(3)
|
(3)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(13 877)
|
(14 411)
|
(14 768)
|
(15 253)
|
(361)
|
|
Net Income (Common) |
5 569
N/A
|
5 262
-6%
|
5 415
+3%
|
5 443
+1%
|
4 985
-8%
|
5 297
+6%
|
5 182
-2%
|
5 022
-3%
|
6 068
+21%
|
7 664
+26%
|
8 060
+5%
|
9 220
+14%
|
8 935
-3%
|
9 763
+9%
|
10 400
+7%
|
11 921
+15%
|
13 512
+13%
|
14 192
+5%
|
15 805
+11%
|
16 323
+3%
|
16 408
+1%
|
17 967
+10%
|
19 710
+10%
|
20 941
+6%
|
23 584
+13%
|
24 153
+2%
|
26 120
+8%
|
28 130
+8%
|
30 937
+10%
|
31 636
+2%
|
30 733
-3%
|
30 702
0%
|
28 971
-6%
|
33 786
+17%
|
35 008
+4%
|
36 294
+4%
|
7 368
-80%
|
211
-97%
|
(4 197)
N/A
|
(64)
+98%
|
1 669
N/A
|
|
EPS (Diluted) |
428.38
N/A
|
404.76
-6%
|
416.53
+3%
|
418.69
+1%
|
383.46
-8%
|
407.46
+6%
|
398.61
-2%
|
386.3
-3%
|
466.76
+21%
|
589.53
+26%
|
620
+5%
|
709.23
+14%
|
687.3
-3%
|
813.58
+18%
|
800
-2%
|
917
+15%
|
1 039.38
+13%
|
1 091.69
+5%
|
1 215.76
+11%
|
1 255.61
+3%
|
1 262.15
+1%
|
1 382.07
+10%
|
1 516.15
+10%
|
1 610.84
+6%
|
1 814.15
+13%
|
1 857.92
+2%
|
2 009.23
+8%
|
2 163.84
+8%
|
2 379.76
+10%
|
2 441.11
+3%
|
2 371.4
-3%
|
2 369.02
0%
|
2 235.42
-6%
|
2 607
+17%
|
2 701.29
+4%
|
2 800.47
+4%
|
229.43
-92%
|
5.31
-98%
|
-105.53
N/A
|
-1.6
+98%
|
42.48
N/A
|