Gan Ltd
NASDAQ:GAN
Income Statement
Earnings Waterfall
Gan Ltd
Revenue
|
129.4m
USD
|
Cost of Revenue
|
-38.7m
USD
|
Gross Profit
|
90.7m
USD
|
Operating Expenses
|
-121m
USD
|
Operating Income
|
-30.3m
USD
|
Other Expenses
|
-4.1m
USD
|
Net Income
|
-34.4m
USD
|
Income Statement
Gan Ltd
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 |
35
N/A
|
55
+55%
|
81
+48%
|
103
+27%
|
124
+21%
|
135
+8%
|
135
+0%
|
135
0%
|
142
+5%
|
139
-2%
|
138
-1%
|
136
-2%
|
129
-5%
|
|
Gross Profit | ||||||||||||||
Cost of Revenue |
(11)
|
(17)
|
(24)
|
(31)
|
(41)
|
(44)
|
(44)
|
(43)
|
(42)
|
(40)
|
(39)
|
(39)
|
(39)
|
|
Gross Profit |
25
N/A
|
38
+54%
|
57
+49%
|
72
+27%
|
83
+16%
|
90
+9%
|
91
+1%
|
92
+1%
|
100
+9%
|
99
-1%
|
99
0%
|
97
-2%
|
91
-6%
|
|
Operating Income | ||||||||||||||
Operating Expenses |
(44)
|
(63)
|
(76)
|
(94)
|
(111)
|
(116)
|
(122)
|
(121)
|
(125)
|
(127)
|
(127)
|
(127)
|
(121)
|
|
Selling, General & Administrative |
(30)
|
(40)
|
(44)
|
(52)
|
(71)
|
(73)
|
(76)
|
(74)
|
(75)
|
(77)
|
(73)
|
(70)
|
(66)
|
|
Research & Development |
(11)
|
(5)
|
(10)
|
(16)
|
(23)
|
(26)
|
(27)
|
(26)
|
(26)
|
(27)
|
(33)
|
(37)
|
(38)
|
|
Depreciation & Amortization |
(3)
|
(4)
|
(8)
|
(13)
|
(17)
|
(17)
|
(20)
|
(21)
|
(23)
|
(23)
|
(21)
|
(19)
|
(17)
|
|
Other Operating Expenses |
0
|
(14)
|
(14)
|
(14)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
(20)
N/A
|
(25)
-29%
|
(20)
+22%
|
(23)
-16%
|
(28)
-22%
|
(26)
+7%
|
(31)
-21%
|
(29)
+6%
|
(25)
+16%
|
(28)
-12%
|
(28)
-1%
|
(30)
-7%
|
(30)
-1%
|
|
Pre-Tax Income | ||||||||||||||
Interest Income Expense |
(0)
|
(0)
|
0
|
0
|
0
|
0
|
(1)
|
(3)
|
0
|
(2)
|
(2)
|
(1)
|
0
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
(4)
|
(5)
|
(34)
|
(34)
|
(168)
|
(157)
|
(136)
|
(136)
|
0
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
(1)
|
0
|
0
|
0
|
(4)
|
|
Pre-Tax Income |
(20)
N/A
|
(25)
-28%
|
(20)
+23%
|
(23)
-16%
|
(31)
-36%
|
(30)
+3%
|
(66)
-119%
|
(65)
+1%
|
(194)
-197%
|
(188)
+3%
|
(167)
+11%
|
(169)
-1%
|
(34)
+80%
|
|
Net Income | ||||||||||||||
Tax Provision |
(0)
|
(1)
|
(2)
|
(3)
|
0
|
0
|
2
|
3
|
(4)
|
(4)
|
(4)
|
(4)
|
(0)
|
|
Income from Continuing Operations |
(20)
|
(26)
|
(21)
|
(26)
|
(31)
|
(29)
|
(64)
|
(62)
|
(198)
|
(192)
|
(172)
|
(173)
|
(34)
|
|
Net Income (Common) |
(20)
N/A
|
(26)
-30%
|
(21)
+19%
|
(26)
-22%
|
(31)
-18%
|
(29)
+4%
|
(64)
-117%
|
(62)
+3%
|
(198)
-217%
|
(192)
+3%
|
(172)
+10%
|
(173)
-1%
|
(34)
+80%
|
|
EPS (Diluted) |
-0.75
N/A
|
-0.62
+17%
|
-0.5
+19%
|
-0.61
-22%
|
-0.73
-20%
|
-0.71
+3%
|
-1.53
-115%
|
-1.48
+3%
|
-4.66
-215%
|
-4.05
+13%
|
-3.88
+4%
|
-3.86
+1%
|
-0.78
+80%
|