DZS Inc
NASDAQ:DZSI
Income Statement
Earnings Waterfall
DZS Inc
Revenue
|
389.5m
USD
|
Cost of Revenue
|
-268.2m
USD
|
Gross Profit
|
121.3m
USD
|
Operating Expenses
|
-155.9m
USD
|
Operating Income
|
-34.6m
USD
|
Other Expenses
|
-16.9m
USD
|
Net Income
|
-51.5m
USD
|
Income Statement
DZS Inc
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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
117
N/A
|
116
-1%
|
118
+2%
|
122
+3%
|
122
+0%
|
125
+2%
|
123
-2%
|
139
+14%
|
138
-1%
|
149
+8%
|
142
-5%
|
139
-2%
|
137
-1%
|
128
-7%
|
137
+7%
|
150
+10%
|
177
+18%
|
203
+14%
|
238
+17%
|
247
+4%
|
254
+3%
|
271
+6%
|
276
+2%
|
282
+2%
|
297
+5%
|
304
+2%
|
304
0%
|
307
+1%
|
280
-9%
|
267
-5%
|
290
+8%
|
301
+4%
|
334
+11%
|
346
+4%
|
341
-2%
|
350
+3%
|
346
-1%
|
355
+2%
|
374
+5%
|
376
+1%
|
390
+4%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(78)
|
(75)
|
(74)
|
(76)
|
(76)
|
(79)
|
(78)
|
(99)
|
(98)
|
(112)
|
(110)
|
(103)
|
(107)
|
(97)
|
(102)
|
(109)
|
(122)
|
(137)
|
(160)
|
(164)
|
(168)
|
(180)
|
(184)
|
(191)
|
(203)
|
(205)
|
(206)
|
(207)
|
(189)
|
(180)
|
(196)
|
(204)
|
(225)
|
(234)
|
(225)
|
(230)
|
(227)
|
(238)
|
(252)
|
(257)
|
(268)
|
|
Gross Profit |
38
N/A
|
41
+6%
|
44
+9%
|
46
+4%
|
47
+1%
|
46
-1%
|
45
-2%
|
41
-9%
|
40
-1%
|
37
-7%
|
32
-13%
|
36
+11%
|
30
-16%
|
31
+3%
|
35
+11%
|
42
+20%
|
55
+33%
|
66
+19%
|
79
+19%
|
83
+5%
|
87
+5%
|
91
+4%
|
92
+1%
|
91
-1%
|
95
+4%
|
99
+5%
|
98
-1%
|
100
+2%
|
91
-9%
|
87
-4%
|
93
+7%
|
97
+4%
|
109
+12%
|
112
+3%
|
116
+4%
|
120
+3%
|
119
-1%
|
117
-2%
|
121
+4%
|
118
-2%
|
121
+2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(43)
|
(43)
|
(41)
|
(42)
|
(42)
|
(42)
|
(45)
|
(38)
|
(38)
|
(37)
|
(32)
|
(39)
|
(37)
|
(37)
|
(43)
|
(55)
|
(67)
|
(78)
|
(84)
|
(82)
|
(83)
|
(84)
|
(83)
|
(84)
|
(88)
|
(93)
|
(99)
|
(101)
|
(99)
|
(104)
|
(104)
|
(103)
|
(122)
|
(131)
|
(136)
|
(139)
|
(125)
|
(128)
|
(137)
|
(145)
|
(156)
|
|
Selling, General & Administrative |
(26)
|
(26)
|
(25)
|
(26)
|
(26)
|
(26)
|
(29)
|
(15)
|
(15)
|
(11)
|
(6)
|
(18)
|
(15)
|
(17)
|
(22)
|
(28)
|
(34)
|
(41)
|
(44)
|
(45)
|
(47)
|
(48)
|
(47)
|
(48)
|
(51)
|
(54)
|
(59)
|
(61)
|
(60)
|
(58)
|
(59)
|
(64)
|
(82)
|
(87)
|
(90)
|
(90)
|
(76)
|
(78)
|
(83)
|
(85)
|
(92)
|
|
Research & Development |
(17)
|
(16)
|
(15)
|
(15)
|
(16)
|
(16)
|
(17)
|
(23)
|
(23)
|
(26)
|
(27)
|
(21)
|
(22)
|
(19)
|
(20)
|
(26)
|
(31)
|
(35)
|
(38)
|
(36)
|
(36)
|
(36)
|
(36)
|
(35)
|
(37)
|
(37)
|
(39)
|
(39)
|
(38)
|
(37)
|
(36)
|
(38)
|
(39)
|
(43)
|
(45)
|
(47)
|
(48)
|
(48)
|
(52)
|
(56)
|
(59)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(2)
|
(2)
|
(3)
|
(3)
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(4)
|
(5)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(7)
|
(7)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
(5)
N/A
|
(2)
+63%
|
4
N/A
|
4
+16%
|
5
+2%
|
4
-16%
|
(1)
N/A
|
3
N/A
|
2
-28%
|
1
-78%
|
0
-60%
|
(3)
N/A
|
(7)
-123%
|
(6)
+18%
|
(8)
-38%
|
(13)
-75%
|
(11)
+16%
|
(12)
-5%
|
(5)
+58%
|
1
N/A
|
4
+400%
|
7
+97%
|
9
+26%
|
7
-17%
|
6
-15%
|
7
+7%
|
(1)
N/A
|
(1)
-22%
|
(8)
-618%
|
(17)
-109%
|
(11)
+36%
|
(6)
+42%
|
(14)
-121%
|
(19)
-38%
|
(20)
-7%
|
(18)
+8%
|
(6)
+67%
|
(11)
-80%
|
(16)
-42%
|
(27)
-72%
|
(35)
-29%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(3)
|
(3)
|
(4)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(2)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(6)
|
(7)
|
0
|
0
|
(8)
|
(15)
|
(14)
|
(20)
|
(14)
|
(7)
|
(8)
|
(2)
|
(5)
|
(9)
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
(1)
|
(0)
|
(1)
|
(0)
|
0
|
(1)
|
(0)
|
(1)
|
(2)
|
(1)
|
(1)
|
1
|
2
|
1
|
1
|
(1)
|
(2)
|
(4)
|
(4)
|
(3)
|
(2)
|
1
|
(1)
|
(1)
|
(4)
|
(2)
|
(0)
|
|
Pre-Tax Income |
(5)
N/A
|
(2)
+62%
|
4
N/A
|
4
+16%
|
4
N/A
|
4
-16%
|
(1)
N/A
|
3
N/A
|
2
-28%
|
1
-78%
|
1
+40%
|
(3)
N/A
|
(7)
-123%
|
(6)
+16%
|
(9)
-50%
|
(14)
-59%
|
(13)
+9%
|
(13)
-4%
|
(6)
+53%
|
(1)
+85%
|
2
N/A
|
5
+114%
|
6
+23%
|
5
-21%
|
3
-33%
|
5
+45%
|
(2)
N/A
|
(10)
-439%
|
(17)
-76%
|
(20)
-14%
|
(14)
+27%
|
(20)
-37%
|
(33)
-69%
|
(37)
-11%
|
(43)
-18%
|
(32)
+27%
|
(14)
+57%
|
(20)
-46%
|
(22)
-13%
|
(35)
-59%
|
(46)
-31%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(2)
|
(2)
|
(0)
|
0
|
0
|
1
|
(2)
|
(3)
|
(2)
|
(3)
|
7
|
8
|
8
|
7
|
(2)
|
(2)
|
(2)
|
(2)
|
(4)
|
(4)
|
(4)
|
(5)
|
(4)
|
(4)
|
(4)
|
(3)
|
(3)
|
(1)
|
2
|
(3)
|
(2)
|
(5)
|
|
Income from Continuing Operations |
(5)
|
(2)
|
4
|
4
|
4
|
4
|
(1)
|
2
|
1
|
(1)
|
(1)
|
(3)
|
(7)
|
(6)
|
(8)
|
(15)
|
(15)
|
(15)
|
(9)
|
7
|
10
|
12
|
13
|
3
|
1
|
2
|
(4)
|
(13)
|
(21)
|
(23)
|
(19)
|
(23)
|
(38)
|
(41)
|
(46)
|
(35)
|
(15)
|
(17)
|
(25)
|
(37)
|
(52)
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
(5)
N/A
|
(2)
+59%
|
4
N/A
|
4
+19%
|
4
+2%
|
4
-16%
|
(1)
N/A
|
2
N/A
|
1
-44%
|
(1)
N/A
|
(1)
-10%
|
(3)
-200%
|
(7)
-100%
|
(6)
+15%
|
(8)
-34%
|
(15)
-104%
|
(15)
N/A
|
(16)
-1%
|
(9)
+39%
|
1
N/A
|
5
+345%
|
7
+45%
|
8
+6%
|
3
-63%
|
1
-64%
|
2
+100%
|
(4)
N/A
|
(14)
-255%
|
(21)
-53%
|
(23)
-13%
|
(19)
+17%
|
(23)
-20%
|
(38)
-62%
|
(41)
-8%
|
(46)
-14%
|
(35)
+25%
|
(15)
+58%
|
(17)
-19%
|
(25)
-46%
|
(37)
-49%
|
(52)
-38%
|
|
EPS (Diluted) |
-0.84
N/A
|
-0.33
+61%
|
0.55
N/A
|
0.65
+18%
|
0.62
-5%
|
0.54
-13%
|
-0.09
N/A
|
0.2
N/A
|
0.15
-25%
|
-0.08
N/A
|
-0.11
-38%
|
-0.36
-227%
|
-0.69
-92%
|
-0.59
+14%
|
-0.67
-14%
|
-1.32
-97%
|
-0.93
+30%
|
-0.94
-1%
|
-0.57
+39%
|
0.06
N/A
|
0.29
+383%
|
0.42
+45%
|
0.44
+5%
|
0.17
-61%
|
0.06
-65%
|
0.11
+83%
|
-0.19
N/A
|
-0.69
-263%
|
-0.95
-38%
|
-1.09
-15%
|
-0.91
+17%
|
-1.07
-18%
|
-1.48
-38%
|
-1.5
-1%
|
-1.7
-13%
|
-1.3
+24%
|
-0.53
+59%
|
-0.63
-19%
|
-0.9
-43%
|
-1.33
-48%
|
-1.66
-25%
|