Heritage Global Inc
NASDAQ:HGBL
Income Statement
Earnings Waterfall
Heritage Global Inc
Revenue
|
60.5m
USD
|
Cost of Revenue
|
-20.7m
USD
|
Gross Profit
|
39.8m
USD
|
Operating Expenses
|
-26.6m
USD
|
Operating Income
|
13.3m
USD
|
Other Expenses
|
-785k
USD
|
Net Income
|
12.5m
USD
|
Income Statement
Heritage Global Inc
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 |
9
N/A
|
9
+4%
|
10
+9%
|
13
+32%
|
20
+49%
|
23
+13%
|
23
+3%
|
21
-10%
|
17
-17%
|
20
+18%
|
21
+2%
|
26
+23%
|
24
-8%
|
23
-1%
|
24
+3%
|
20
-16%
|
20
-1%
|
21
+4%
|
23
+10%
|
23
+2%
|
24
+1%
|
24
+3%
|
25
+2%
|
27
+6%
|
26
-1%
|
24
-9%
|
23
-5%
|
24
+4%
|
26
+11%
|
29
+11%
|
28
-3%
|
27
-6%
|
26
-3%
|
28
+9%
|
34
+21%
|
41
+20%
|
47
+16%
|
54
+15%
|
56
+4%
|
59
+5%
|
61
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(3)
|
(3)
|
(3)
|
(5)
|
(10)
|
(16)
|
(17)
|
(15)
|
(7)
|
(9)
|
(9)
|
(14)
|
(11)
|
(11)
|
(11)
|
(6)
|
(5)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(7)
|
(8)
|
(8)
|
(6)
|
(5)
|
(6)
|
(9)
|
(11)
|
(10)
|
(10)
|
(7)
|
(10)
|
(15)
|
(18)
|
(21)
|
(23)
|
(21)
|
(21)
|
(21)
|
|
Gross Profit |
6
N/A
|
7
+7%
|
7
+8%
|
8
+10%
|
10
+22%
|
7
-33%
|
7
+3%
|
7
-3%
|
11
+67%
|
12
+8%
|
12
+4%
|
12
-1%
|
12
+3%
|
13
+3%
|
13
+2%
|
15
+11%
|
15
+6%
|
17
+8%
|
19
+16%
|
20
+2%
|
20
0%
|
19
-2%
|
18
-9%
|
19
+6%
|
18
-1%
|
17
-5%
|
18
+3%
|
18
-2%
|
17
-3%
|
19
+9%
|
18
-4%
|
17
-4%
|
18
+8%
|
18
+1%
|
19
+4%
|
23
+18%
|
26
+15%
|
31
+18%
|
36
+16%
|
38
+6%
|
40
+6%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(10)
|
(10)
|
(10)
|
(10)
|
(12)
|
(8)
|
(9)
|
(9)
|
(13)
|
(22)
|
(22)
|
(13)
|
(12)
|
(12)
|
(12)
|
(13)
|
(14)
|
(15)
|
(16)
|
(17)
|
(16)
|
(16)
|
(16)
|
(16)
|
(16)
|
(16)
|
(16)
|
(16)
|
(15)
|
(15)
|
(15)
|
(15)
|
(16)
|
(16)
|
(17)
|
(19)
|
(22)
|
(24)
|
(25)
|
(26)
|
(27)
|
|
Selling, General & Administrative |
(9)
|
(9)
|
(9)
|
(10)
|
(11)
|
(12)
|
(13)
|
(13)
|
(13)
|
(13)
|
(13)
|
(13)
|
(12)
|
(12)
|
(12)
|
(13)
|
(14)
|
(14)
|
(15)
|
(15)
|
(15)
|
(16)
|
(15)
|
(15)
|
(16)
|
(15)
|
(15)
|
(15)
|
(14)
|
(15)
|
(15)
|
(15)
|
(15)
|
(15)
|
(16)
|
(19)
|
(21)
|
(23)
|
(25)
|
(26)
|
(26)
|
|
Depreciation & Amortization |
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
4
|
4
|
4
|
0
|
(8)
|
(8)
|
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
|
|
Operating Income |
(4)
N/A
|
(3)
+23%
|
(3)
+20%
|
(2)
+5%
|
(2)
+16%
|
(2)
+14%
|
(2)
-16%
|
(3)
-29%
|
(2)
+7%
|
(10)
-308%
|
(9)
+7%
|
(1)
+90%
|
0
N/A
|
0
+179%
|
1
+67%
|
1
+111%
|
2
+9%
|
1
-7%
|
3
+115%
|
3
+3%
|
4
+32%
|
3
-18%
|
2
-40%
|
3
+42%
|
2
-21%
|
1
-51%
|
2
+49%
|
2
+15%
|
2
+20%
|
3
+42%
|
2
-24%
|
2
-36%
|
2
+60%
|
3
+14%
|
2
-22%
|
3
+52%
|
4
+23%
|
7
+65%
|
10
+49%
|
11
+10%
|
13
+18%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
1
|
(0)
|
(0)
|
(1)
|
0
|
0
|
1
|
1
|
(0)
|
0
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
1
|
1
|
1
|
1
|
0
|
0
|
4
|
4
|
4
|
3
|
(0)
|
(0)
|
4
|
6
|
7
|
7
|
3
|
1
|
1
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
(8)
|
0
|
0
|
(5)
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
(0)
|
0
|
0
|
1
|
1
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
(4)
N/A
|
(3)
+3%
|
(3)
+21%
|
(3)
-13%
|
(2)
+42%
|
(1)
+20%
|
(2)
-8%
|
(5)
-218%
|
(10)
-112%
|
(10)
+6%
|
(8)
+14%
|
(5)
+39%
|
0
N/A
|
0
+475%
|
(1)
N/A
|
(0)
+74%
|
(1)
-347%
|
0
N/A
|
2
+551%
|
3
+13%
|
4
+56%
|
3
-16%
|
3
-6%
|
4
+28%
|
3
-26%
|
2
-19%
|
2
-22%
|
2
+18%
|
6
+167%
|
7
+16%
|
6
-13%
|
5
-18%
|
3
-40%
|
3
-7%
|
6
+126%
|
9
+46%
|
11
+20%
|
14
+27%
|
13
-4%
|
13
-6%
|
14
+10%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(3)
|
(28)
|
(29)
|
(28)
|
(25)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
2
|
2
|
2
|
2
|
(0)
|
(0)
|
(0)
|
(0)
|
1
|
1
|
2
|
2
|
4
|
4
|
3
|
3
|
0
|
(0)
|
(2)
|
(3)
|
4
|
4
|
4
|
5
|
(2)
|
|
Income from Continuing Operations |
(7)
|
(31)
|
(31)
|
(31)
|
(27)
|
(2)
|
(2)
|
(5)
|
(10)
|
(10)
|
(8)
|
(5)
|
0
|
0
|
(1)
|
(0)
|
1
|
2
|
4
|
4
|
4
|
3
|
3
|
4
|
4
|
3
|
4
|
4
|
10
|
11
|
9
|
8
|
3
|
3
|
5
|
6
|
15
|
18
|
18
|
18
|
12
|
|
Equity Earnings Affiliates |
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) |
(6)
N/A
|
(31)
-389%
|
(31)
+1%
|
(31)
+0%
|
(27)
+15%
|
(2)
+94%
|
(2)
-7%
|
(5)
-210%
|
(10)
-105%
|
(10)
+6%
|
(8)
+13%
|
(5)
+39%
|
0
N/A
|
0
+2 000%
|
(1)
N/A
|
(0)
+74%
|
(0)
-56%
|
1
N/A
|
3
+242%
|
3
+11%
|
4
+27%
|
3
-18%
|
3
-6%
|
4
+30%
|
4
+5%
|
3
-15%
|
4
+17%
|
4
+1%
|
10
+146%
|
11
+10%
|
9
-14%
|
8
-9%
|
3
-64%
|
3
-12%
|
5
+75%
|
6
+39%
|
15
+139%
|
18
+14%
|
18
+1%
|
18
-2%
|
12
-29%
|
|
EPS (Diluted) |
-0.23
N/A
|
-1.12
-387%
|
-1.11
+1%
|
-1.11
N/A
|
-0.94
+15%
|
-0.06
+94%
|
-0.06
N/A
|
-0.18
-200%
|
-0.37
-106%
|
-0.34
+8%
|
-0.3
+12%
|
-0.18
+40%
|
0
N/A
|
0.01
N/A
|
-0.02
N/A
|
-0.01
+50%
|
0
N/A
|
0.02
N/A
|
0.09
+350%
|
0.1
+11%
|
0.13
+30%
|
0.1
-23%
|
0.09
-10%
|
0.12
+33%
|
0.13
+8%
|
0.11
-15%
|
0.13
+18%
|
0.13
N/A
|
0.3
+131%
|
0.28
-7%
|
0.26
-7%
|
0.23
-12%
|
0.08
-65%
|
0.08
N/A
|
0.13
+63%
|
0.18
+38%
|
0.42
+133%
|
0.47
+12%
|
0.47
N/A
|
0.46
-2%
|
0.33
-28%
|