Materialise NV
NASDAQ:MTLS
Income Statement
Earnings Waterfall
Materialise NV
Revenue
|
256.1m
EUR
|
Cost of Revenue
|
-111m
EUR
|
Gross Profit
|
145.1m
EUR
|
Operating Expenses
|
-135.3m
EUR
|
Operating Income
|
9.8m
EUR
|
Other Expenses
|
-3.1m
EUR
|
Net Income
|
6.7m
EUR
|
Income Statement
Materialise NV
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 |
69
N/A
|
72
+5%
|
74
+4%
|
77
+4%
|
81
+5%
|
86
+6%
|
92
+6%
|
98
+7%
|
102
+5%
|
105
+3%
|
108
+3%
|
111
+3%
|
115
+3%
|
120
+5%
|
126
+5%
|
129
+3%
|
143
+10%
|
155
+8%
|
166
+7%
|
180
+9%
|
185
+2%
|
188
+2%
|
191
+2%
|
195
+2%
|
197
+1%
|
196
0%
|
186
-5%
|
176
-5%
|
170
-3%
|
170
0%
|
182
+7%
|
194
+6%
|
206
+6%
|
213
+4%
|
220
+3%
|
226
+3%
|
232
+3%
|
245
+6%
|
252
+3%
|
254
+1%
|
256
+1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(27)
|
(29)
|
(30)
|
(31)
|
(32)
|
(35)
|
(38)
|
(41)
|
(43)
|
(44)
|
(45)
|
(45)
|
(47)
|
(49)
|
(52)
|
(55)
|
(63)
|
(69)
|
(76)
|
(81)
|
(82)
|
(84)
|
(85)
|
(87)
|
(87)
|
(87)
|
(83)
|
(80)
|
(76)
|
(76)
|
(80)
|
(84)
|
(87)
|
(90)
|
(94)
|
(99)
|
(103)
|
(108)
|
(110)
|
(110)
|
(111)
|
|
Gross Profit |
42
N/A
|
43
+4%
|
44
+3%
|
46
+3%
|
49
+7%
|
51
+5%
|
54
+5%
|
57
+5%
|
59
+5%
|
62
+4%
|
63
+3%
|
66
+4%
|
68
+3%
|
70
+4%
|
73
+4%
|
74
+1%
|
80
+7%
|
85
+7%
|
91
+6%
|
99
+9%
|
102
+3%
|
104
+2%
|
106
+2%
|
108
+2%
|
110
+1%
|
109
-1%
|
102
-6%
|
96
-6%
|
94
-2%
|
94
0%
|
102
+9%
|
110
+8%
|
118
+7%
|
122
+4%
|
126
+3%
|
127
+1%
|
129
+1%
|
137
+6%
|
142
+4%
|
143
+1%
|
145
+1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(37)
|
(39)
|
(41)
|
(43)
|
(49)
|
(54)
|
(58)
|
(62)
|
(63)
|
(64)
|
(66)
|
(67)
|
(68)
|
(69)
|
(72)
|
(73)
|
(79)
|
(84)
|
(88)
|
(94)
|
(98)
|
(99)
|
(101)
|
(103)
|
(103)
|
(104)
|
(100)
|
(96)
|
(99)
|
(97)
|
(101)
|
(105)
|
(106)
|
(111)
|
(118)
|
(123)
|
(132)
|
(135)
|
(139)
|
(138)
|
(135)
|
|
Selling, General & Administrative |
(31)
|
(32)
|
(34)
|
(35)
|
(38)
|
(44)
|
(48)
|
(51)
|
(49)
|
(53)
|
(54)
|
(55)
|
(53)
|
(57)
|
(59)
|
(60)
|
(61)
|
(67)
|
(71)
|
(75)
|
(74)
|
(81)
|
(82)
|
(85)
|
(80)
|
(85)
|
(80)
|
(76)
|
(70)
|
(73)
|
(76)
|
(78)
|
(78)
|
(86)
|
(90)
|
(94)
|
(93)
|
(99)
|
(98)
|
(96)
|
(90)
|
|
Research & Development |
(11)
|
(11)
|
(12)
|
(13)
|
(14)
|
(16)
|
(17)
|
(18)
|
(17)
|
(18)
|
(18)
|
(18)
|
(17)
|
(18)
|
(18)
|
(19)
|
(19)
|
(21)
|
(22)
|
(23)
|
(22)
|
(22)
|
(23)
|
(23)
|
(22)
|
(24)
|
(24)
|
(24)
|
(25)
|
(27)
|
(28)
|
(29)
|
(25)
|
(28)
|
(30)
|
(33)
|
(36)
|
(39)
|
(39)
|
(39)
|
(37)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
(7)
|
0
|
0
|
0
|
(6)
|
0
|
0
|
0
|
(7)
|
0
|
0
|
0
|
(6)
|
0
|
0
|
0
|
(6)
|
|
Other Operating Expenses |
5
|
5
|
5
|
5
|
5
|
6
|
7
|
7
|
7
|
7
|
7
|
7
|
6
|
6
|
5
|
5
|
5
|
4
|
5
|
4
|
4
|
4
|
4
|
5
|
5
|
5
|
4
|
4
|
2
|
3
|
3
|
2
|
3
|
3
|
3
|
4
|
3
|
3
|
(2)
|
(3)
|
(2)
|
|
Operating Income |
4
N/A
|
4
+0%
|
4
-18%
|
3
-26%
|
(0)
N/A
|
(2)
-980%
|
(4)
-92%
|
(6)
-38%
|
(4)
+25%
|
(3)
+34%
|
(2)
+28%
|
(1)
+57%
|
(0)
+55%
|
1
N/A
|
2
+83%
|
1
-29%
|
1
-55%
|
2
+167%
|
3
+77%
|
5
+90%
|
5
-7%
|
6
+10%
|
5
-16%
|
5
+13%
|
7
+32%
|
4
-36%
|
2
-44%
|
(0)
N/A
|
(5)
-2 775%
|
(3)
+29%
|
1
N/A
|
5
+421%
|
12
+132%
|
12
-2%
|
8
-29%
|
4
-57%
|
(3)
N/A
|
2
N/A
|
3
+23%
|
5
+102%
|
10
+90%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(1)
|
(1)
|
(1)
|
1
|
2
|
4
|
3
|
1
|
1
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(2)
|
(2)
|
(1)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(6)
|
(5)
|
1
|
2
|
6
|
7
|
5
|
2
|
1
|
(1)
|
(2)
|
1
|
|
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
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(4)
|
|
Total Other Income |
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)
|
|
Pre-Tax Income |
3
N/A
|
3
-1%
|
3
-23%
|
4
+46%
|
2
-40%
|
1
-42%
|
(1)
N/A
|
(5)
-239%
|
(3)
+36%
|
(5)
-41%
|
(3)
+41%
|
(2)
+36%
|
(1)
+23%
|
(0)
+97%
|
0
N/A
|
(1)
N/A
|
(2)
-90%
|
(1)
+59%
|
1
N/A
|
4
+692%
|
4
-13%
|
4
+11%
|
3
-17%
|
3
-20%
|
4
+61%
|
1
-75%
|
(1)
N/A
|
(4)
-336%
|
(8)
-114%
|
(10)
-17%
|
(4)
+60%
|
6
N/A
|
14
+132%
|
18
+31%
|
16
-12%
|
9
-43%
|
(1)
N/A
|
3
N/A
|
1
-52%
|
3
+128%
|
7
+116%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
0
|
(1)
|
0
|
0
|
(2)
|
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(1)
|
(1)
|
(2)
|
(3)
|
(2)
|
(2)
|
(0)
|
1
|
2
|
1
|
0
|
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
|
Income from Continuing Operations |
3
|
3
|
2
|
4
|
2
|
1
|
(2)
|
(6)
|
(3)
|
(5)
|
(3)
|
(1)
|
(3)
|
(1)
|
(1)
|
(3)
|
(2)
|
(1)
|
(0)
|
4
|
3
|
3
|
2
|
1
|
2
|
(1)
|
(3)
|
(4)
|
(7)
|
(8)
|
(3)
|
6
|
13
|
17
|
14
|
7
|
(2)
|
1
|
0
|
3
|
7
|
|
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) |
4
N/A
|
3
-3%
|
3
-24%
|
4
+46%
|
2
-45%
|
1
-48%
|
(2)
N/A
|
(5)
-213%
|
(3)
+49%
|
(5)
-83%
|
(3)
+50%
|
(1)
+41%
|
(3)
-101%
|
(1)
+77%
|
(1)
-75%
|
(3)
-112%
|
(2)
+18%
|
(1)
+30%
|
(0)
+90%
|
4
N/A
|
3
-16%
|
3
-3%
|
2
-23%
|
1
-62%
|
2
+86%
|
(1)
N/A
|
(3)
-168%
|
(4)
-46%
|
(7)
-88%
|
(8)
-12%
|
(3)
+67%
|
6
N/A
|
13
+109%
|
17
+28%
|
14
-15%
|
7
-50%
|
(2)
N/A
|
1
N/A
|
0
-95%
|
3
+3 714%
|
7
+152%
|
|
EPS (Diluted) |
0.09
N/A
|
0.09
N/A
|
0.07
-22%
|
0.08
+14%
|
0.05
-38%
|
0.02
-60%
|
-0.04
N/A
|
-0.11
-175%
|
-0.06
+45%
|
-0.1
-67%
|
-0.05
+50%
|
-0.03
+40%
|
-0.06
-100%
|
-0.02
+67%
|
-0.03
-50%
|
-0.06
-100%
|
-0.04
+33%
|
-0.03
+25%
|
0
N/A
|
0.07
N/A
|
0.06
-14%
|
0.05
-17%
|
0.03
-40%
|
0.01
-67%
|
0.03
+200%
|
-0.02
N/A
|
-0.05
-150%
|
-0.07
-40%
|
-0.13
-86%
|
-0.15
-15%
|
-0.05
+67%
|
0.11
N/A
|
0.23
+109%
|
0.3
+30%
|
0.26
-13%
|
0.12
-54%
|
-0.04
N/A
|
0.02
N/A
|
-0.01
N/A
|
0.04
N/A
|
0.11
+175%
|