SP Systems Co Ltd
KOSDAQ:317830
Income Statement
Earnings Waterfall
SP Systems Co Ltd
Income Statement
SP Systems Co Ltd
| 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 |
209
|
0
|
0
|
0
|
344
|
0
|
0
|
0
|
275
|
0
|
0
|
0
|
523
|
0
|
0
|
0
|
839
|
0
|
0
|
0
|
611
|
0
|
0
|
0
|
625
|
0
|
0
|
0
|
|
| Revenue |
46 873
N/A
|
45 351
-3%
|
37 730
-17%
|
34 700
-8%
|
31 960
-8%
|
32 592
+2%
|
32 579
0%
|
29 813
-8%
|
31 086
+4%
|
29 528
-5%
|
30 844
+4%
|
32 662
+6%
|
35 904
+10%
|
43 955
+22%
|
47 863
+9%
|
51 873
+8%
|
53 123
+2%
|
51 064
-4%
|
53 113
+4%
|
56 694
+7%
|
60 478
+7%
|
66 027
+9%
|
67 361
+2%
|
68 069
+1%
|
71 042
+4%
|
69 472
-2%
|
68 039
-2%
|
66 083
-3%
|
|
| Gross Profit | |||||||||||||||||||||||||||||
| Cost of Revenue |
(37 855)
|
(36 215)
|
(28 634)
|
(25 907)
|
(26 028)
|
(26 994)
|
(28 069)
|
(25 458)
|
(26 776)
|
(25 658)
|
(26 595)
|
(28 659)
|
(30 646)
|
(37 565)
|
(40 273)
|
(41 522)
|
(41 889)
|
(39 582)
|
(41 419)
|
(45 780)
|
(52 090)
|
(57 924)
|
(60 770)
|
(62 144)
|
(62 532)
|
(62 406)
|
(60 819)
|
(58 912)
|
|
| Gross Profit |
9 019
N/A
|
9 136
+1%
|
9 097
0%
|
8 794
-3%
|
5 932
-33%
|
5 598
-6%
|
4 508
-19%
|
4 353
-3%
|
4 310
-1%
|
3 869
-10%
|
4 249
+10%
|
4 003
-6%
|
5 259
+31%
|
6 389
+22%
|
7 590
+19%
|
10 351
+36%
|
11 235
+9%
|
11 482
+2%
|
11 694
+2%
|
10 913
-7%
|
8 388
-23%
|
8 103
-3%
|
6 592
-19%
|
5 925
-10%
|
8 510
+44%
|
7 066
-17%
|
7 221
+2%
|
7 171
-1%
|
|
| Operating Income | |||||||||||||||||||||||||||||
| Operating Expenses |
(4 866)
|
(5 120)
|
(5 002)
|
(4 844)
|
(4 926)
|
(4 718)
|
(4 456)
|
(4 241)
|
(3 851)
|
(3 692)
|
(4 323)
|
(5 007)
|
(5 734)
|
(6 764)
|
(6 922)
|
(7 437)
|
(7 842)
|
(8 297)
|
(9 134)
|
(9 339)
|
(8 692)
|
(8 954)
|
(9 114)
|
(8 811)
|
(11 308)
|
(11 631)
|
(10 987)
|
(11 628)
|
|
| Selling, General & Administrative |
(3 476)
|
(5 002)
|
(4 884)
|
(4 726)
|
(3 785)
|
(4 719)
|
(4 457)
|
(4 242)
|
(2 789)
|
(3 691)
|
(4 322)
|
(5 006)
|
(3 872)
|
(6 764)
|
(6 922)
|
(7 437)
|
(5 259)
|
(8 297)
|
(9 134)
|
(9 339)
|
(5 589)
|
(8 954)
|
(9 114)
|
(8 811)
|
(7 101)
|
(10 793)
|
(10 149)
|
(10 789)
|
|
| Research & Development |
(1 276)
|
0
|
0
|
0
|
(928)
|
0
|
0
|
0
|
(869)
|
0
|
0
|
0
|
(1 128)
|
0
|
0
|
0
|
(1 905)
|
0
|
0
|
0
|
(2 215)
|
0
|
0
|
0
|
(3 340)
|
0
|
0
|
0
|
|
| Depreciation & Amortization |
(114)
|
0
|
0
|
0
|
(213)
|
0
|
0
|
0
|
(192)
|
0
|
0
|
0
|
(734)
|
0
|
0
|
0
|
(678)
|
0
|
0
|
0
|
(888)
|
0
|
0
|
0
|
(867)
|
0
|
0
|
0
|
|
| Other Operating Expenses |
0
|
(118)
|
(118)
|
(118)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(838)
|
(838)
|
(838)
|
|
| Operating Income |
4 153
N/A
|
4 017
-3%
|
4 095
+2%
|
3 949
-4%
|
1 006
-75%
|
879
-13%
|
53
-94%
|
113
+113%
|
459
+306%
|
179
-61%
|
(73)
N/A
|
(1 003)
-1 280%
|
(475)
+53%
|
(374)
+21%
|
668
N/A
|
2 914
+337%
|
3 393
+16%
|
3 185
-6%
|
2 560
-20%
|
1 574
-39%
|
(304)
N/A
|
(850)
-180%
|
(2 522)
-197%
|
(2 885)
-14%
|
(2 798)
+3%
|
(4 565)
-63%
|
(3 766)
+17%
|
(4 456)
-18%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||
| Interest Income Expense |
40
|
(24)
|
(24)
|
(40)
|
(96)
|
(173)
|
(145)
|
(101)
|
(149)
|
(41)
|
(38)
|
(63)
|
(42)
|
(544)
|
(673)
|
(468)
|
(107)
|
33
|
245
|
243
|
667
|
562
|
635
|
560
|
1 427
|
1 352
|
1 368
|
1 351
|
|
| Non-Reccuring Items |
(119)
|
0
|
0
|
0
|
7
|
0
|
0
|
0
|
(286)
|
0
|
0
|
0
|
(505)
|
0
|
0
|
0
|
(478)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(838)
|
0
|
0
|
0
|
|
| Gain/Loss on Disposition of Assets |
(5)
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
4
|
0
|
0
|
0
|
(47)
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
|
| Total Other Income |
(75)
|
32
|
28
|
386
|
15
|
384
|
296
|
(46)
|
70
|
(461)
|
(495)
|
(279)
|
46
|
(260)
|
(18)
|
204
|
79
|
(308)
|
(604)
|
(895)
|
47
|
212
|
324
|
133
|
50
|
(36)
|
(316)
|
(6)
|
|
| Pre-Tax Income |
3 994
N/A
|
4 025
+1%
|
4 099
+2%
|
4 295
+5%
|
933
-78%
|
1 092
+17%
|
205
-81%
|
(33)
N/A
|
96
N/A
|
(322)
N/A
|
(605)
-88%
|
(1 344)
-122%
|
(971)
+28%
|
(1 178)
-21%
|
(23)
+98%
|
2 650
N/A
|
2 840
+7%
|
2 910
+2%
|
2 201
-24%
|
922
-58%
|
412
-55%
|
(76)
N/A
|
(1 563)
-1 963%
|
(2 193)
-40%
|
(2 162)
+1%
|
(3 251)
-50%
|
(2 717)
+16%
|
(3 113)
-15%
|
|
| Net Income | |||||||||||||||||||||||||||||
| Tax Provision |
(759)
|
(757)
|
(39)
|
(62)
|
388
|
316
|
11
|
45
|
205
|
356
|
610
|
646
|
364
|
364
|
176
|
176
|
(92)
|
(92)
|
(92)
|
(92)
|
7
|
7
|
7
|
7
|
(33)
|
0
|
(55)
|
0
|
|
| Income from Continuing Operations |
3 235
|
3 266
|
4 058
|
4 232
|
1 322
|
1 407
|
216
|
13
|
301
|
34
|
5
|
(699)
|
(607)
|
(814)
|
153
|
2 826
|
2 748
|
2 818
|
2 109
|
830
|
419
|
(69)
|
(1 556)
|
(2 186)
|
(2 195)
|
(3 285)
|
(2 772)
|
(3 168)
|
|
| Income to Minority Interest |
51
|
73
|
32
|
22
|
(14)
|
(10)
|
(20)
|
(27)
|
(6)
|
0
|
19
|
35
|
(333)
|
(384)
|
(674)
|
(1 119)
|
(1 002)
|
(1 095)
|
(837)
|
(720)
|
(1 226)
|
(1 225)
|
(796)
|
(816)
|
72
|
485
|
75
|
213
|
|
| Net Income (Common) |
3 286
N/A
|
3 339
+2%
|
4 090
+22%
|
4 254
+4%
|
1 308
-69%
|
1 397
+7%
|
196
-86%
|
(15)
N/A
|
295
N/A
|
26
-91%
|
23
-13%
|
(664)
N/A
|
(940)
-41%
|
(1 198)
-28%
|
(521)
+57%
|
1 708
N/A
|
1 747
+2%
|
1 723
-1%
|
1 272
-26%
|
110
-91%
|
(806)
N/A
|
(1 294)
-61%
|
(2 352)
-82%
|
(3 002)
-28%
|
(2 124)
+29%
|
(2 799)
-32%
|
(2 697)
+4%
|
(2 955)
-10%
|
|
| EPS (Diluted) |
547.66
N/A
|
477
-13%
|
511.25
+7%
|
531.75
+4%
|
218
-59%
|
199.57
-8%
|
28
-86%
|
-2.14
N/A
|
42.14
N/A
|
3.51
-92%
|
3.07
-13%
|
-89.62
N/A
|
-126.77
-41%
|
-161.64
-28%
|
-70.3
+57%
|
230.37
N/A
|
222.43
-3%
|
201.6
-9%
|
143.19
-29%
|
10.81
-92%
|
-87.79
N/A
|
-127.25
-45%
|
-230.28
-81%
|
-288.62
-25%
|
-208.79
+28%
|
-275.23
-32%
|
-264.21
+4%
|
-292.34
-11%
|
|