Zix Corp
NASDAQ:ZIXI
Income Statement
Earnings Waterfall
Zix Corp
Revenue
|
245.6m
USD
|
Cost of Revenue
|
-134.5m
USD
|
Gross Profit
|
111.1m
USD
|
Operating Expenses
|
-111.7m
USD
|
Operating Income
|
-594k
USD
|
Other Expenses
|
-10.2m
USD
|
Net Income
|
-10.7m
USD
|
Income Statement
Zix Corp
Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||||||||||||||||||||||||||||||||
Revenue |
38
N/A
|
39
+3%
|
40
+2%
|
42
+4%
|
43
+4%
|
45
+3%
|
46
+3%
|
48
+3%
|
48
+1%
|
49
+1%
|
49
+2%
|
50
+1%
|
50
+1%
|
51
+2%
|
52
+1%
|
53
+3%
|
55
+3%
|
56
+2%
|
58
+3%
|
59
+2%
|
60
+2%
|
62
+3%
|
63
+2%
|
64
+2%
|
66
+2%
|
66
+1%
|
68
+2%
|
69
+2%
|
70
+2%
|
83
+18%
|
112
+34%
|
142
+27%
|
173
+23%
|
197
+13%
|
204
+4%
|
211
+3%
|
218
+4%
|
226
+3%
|
236
+4%
|
246
+4%
|
|
Gross Profit | |||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(7)
|
(7)
|
(7)
|
(7)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(9)
|
(9)
|
(9)
|
(10)
|
(10)
|
(10)
|
(10)
|
(11)
|
(11)
|
(11)
|
(12)
|
(13)
|
(13)
|
(14)
|
(14)
|
(15)
|
(23)
|
(39)
|
(57)
|
(77)
|
(92)
|
(100)
|
(106)
|
(113)
|
(120)
|
(126)
|
(134)
|
|
Gross Profit |
31
N/A
|
32
+3%
|
33
+3%
|
34
+4%
|
36
+5%
|
37
+4%
|
39
+4%
|
40
+3%
|
41
+2%
|
41
+1%
|
41
+2%
|
42
+1%
|
42
+1%
|
43
+2%
|
43
+1%
|
44
+2%
|
45
+3%
|
46
+2%
|
47
+3%
|
49
+2%
|
50
+2%
|
51
+3%
|
52
+2%
|
52
+1%
|
53
+1%
|
53
+0%
|
54
+1%
|
54
+1%
|
55
+2%
|
60
+9%
|
72
+20%
|
85
+17%
|
97
+14%
|
105
+8%
|
104
-1%
|
105
+0%
|
106
+1%
|
106
+0%
|
109
+3%
|
111
+2%
|
|
Operating Income | |||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(20)
|
(21)
|
(22)
|
(23)
|
(26)
|
(28)
|
(32)
|
(31)
|
(31)
|
(30)
|
(31)
|
(33)
|
(35)
|
(36)
|
(36)
|
(36)
|
(34)
|
(38)
|
(40)
|
(41)
|
(40)
|
(41)
|
(41)
|
(41)
|
(43)
|
(43)
|
(44)
|
(44)
|
(45)
|
(59)
|
(75)
|
(89)
|
(106)
|
(107)
|
(105)
|
(104)
|
(101)
|
(103)
|
(107)
|
(112)
|
|
Selling, General & Administrative |
(15)
|
(16)
|
(16)
|
(17)
|
(18)
|
(20)
|
(21)
|
(22)
|
(21)
|
(22)
|
(23)
|
(25)
|
(26)
|
(27)
|
(27)
|
(27)
|
(26)
|
(26)
|
(28)
|
(29)
|
(31)
|
(32)
|
(30)
|
(30)
|
(32)
|
(31)
|
(32)
|
(33)
|
(34)
|
(47)
|
(60)
|
(72)
|
(85)
|
(85)
|
(82)
|
(82)
|
(78)
|
(80)
|
(83)
|
(86)
|
|
Research & Development |
(5)
|
(5)
|
(6)
|
(6)
|
(7)
|
(9)
|
(10)
|
(10)
|
(10)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(8)
|
(8)
|
(9)
|
(9)
|
(10)
|
(10)
|
(10)
|
(10)
|
(11)
|
(12)
|
(12)
|
(12)
|
(11)
|
(12)
|
(15)
|
(18)
|
(20)
|
(22)
|
(22)
|
(22)
|
(23)
|
(23)
|
(25)
|
(25)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
(3)
|
(3)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
11
N/A
|
11
+4%
|
11
+3%
|
11
-2%
|
10
-10%
|
9
-11%
|
6
-31%
|
8
+35%
|
10
+17%
|
10
+7%
|
10
-3%
|
9
-14%
|
7
-18%
|
7
-2%
|
7
+2%
|
8
+18%
|
11
+30%
|
9
-21%
|
8
-9%
|
7
-7%
|
9
+29%
|
10
+2%
|
11
+18%
|
12
+3%
|
10
-12%
|
10
0%
|
10
-5%
|
10
+3%
|
10
0%
|
1
-89%
|
(3)
N/A
|
(5)
-76%
|
(9)
-99%
|
(2)
+79%
|
(0)
+83%
|
1
N/A
|
5
+463%
|
3
-31%
|
2
-35%
|
(1)
N/A
|
|
Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
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
|
1
|
1
|
1
|
(1)
|
(4)
|
(7)
|
(10)
|
(11)
|
(11)
|
(10)
|
(9)
|
(9)
|
(8)
|
(9)
|
|
Non-Reccuring Items |
0
|
(0)
|
(0)
|
(1)
|
(1)
|
(2)
|
0
|
(1)
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(3)
|
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 |
11
N/A
|
11
+2%
|
11
+1%
|
10
-6%
|
9
-13%
|
7
-22%
|
6
-10%
|
8
+20%
|
9
+24%
|
10
+11%
|
10
-4%
|
9
-14%
|
7
-20%
|
7
+2%
|
7
+2%
|
9
+18%
|
8
-4%
|
9
+8%
|
8
-9%
|
7
-7%
|
10
+28%
|
10
+2%
|
11
+18%
|
12
+3%
|
11
-11%
|
11
0%
|
10
-2%
|
11
+4%
|
11
0%
|
1
-95%
|
(7)
N/A
|
(12)
-77%
|
(19)
-62%
|
(13)
+30%
|
(11)
+17%
|
(9)
+20%
|
(5)
+48%
|
(6)
-18%
|
(6)
-15%
|
(9)
-47%
|
|
Net Income | |||||||||||||||||||||||||||||||||||||||||
Tax Provision |
12
|
12
|
12
|
12
|
2
|
2
|
2
|
2
|
1
|
0
|
(0)
|
(1)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(5)
|
(5)
|
(6)
|
(6)
|
(5)
|
(5)
|
5
|
7
|
8
|
9
|
4
|
4
|
4
|
2
|
(2)
|
(3)
|
(3)
|
(1)
|
|
Income from Continuing Operations |
23
|
23
|
23
|
22
|
11
|
9
|
8
|
10
|
10
|
11
|
10
|
8
|
4
|
4
|
4
|
5
|
5
|
5
|
5
|
5
|
6
|
6
|
7
|
7
|
4
|
5
|
5
|
6
|
15
|
7
|
2
|
(2)
|
(15)
|
(9)
|
(7)
|
(7)
|
(6)
|
(8)
|
(9)
|
(11)
|
|
Net Income (Common) |
23
N/A
|
23
+0%
|
23
+0%
|
22
-3%
|
11
-50%
|
9
-17%
|
8
-8%
|
10
+15%
|
10
+9%
|
11
+5%
|
10
-8%
|
8
-20%
|
4
-49%
|
4
+3%
|
4
+3%
|
5
+18%
|
5
-2%
|
5
+8%
|
5
-10%
|
5
-3%
|
6
+24%
|
6
+4%
|
7
+10%
|
7
+2%
|
(8)
N/A
|
(8)
+1%
|
(7)
+9%
|
(7)
+8%
|
15
N/A
|
7
-53%
|
2
-76%
|
(2)
N/A
|
(15)
-532%
|
(9)
+37%
|
(7)
+20%
|
(7)
+12%
|
(6)
+2%
|
(8)
-25%
|
(9)
-13%
|
(11)
-18%
|
|
EPS (Diluted) |
0.34
N/A
|
0.35
+3%
|
0.37
+6%
|
0.36
-3%
|
0.18
-50%
|
0.15
-17%
|
0.13
-13%
|
0.15
+15%
|
0.17
+13%
|
0.18
+6%
|
0.17
-6%
|
0.14
-18%
|
0.07
-50%
|
0.07
N/A
|
0.07
N/A
|
0.09
+29%
|
0.09
N/A
|
0.1
+11%
|
0.09
-10%
|
0.09
N/A
|
0.11
+22%
|
0.11
N/A
|
0.12
+9%
|
0.12
N/A
|
-0.15
N/A
|
-0.15
N/A
|
-0.14
+7%
|
-0.13
+7%
|
0.29
N/A
|
0.14
-52%
|
0.03
-79%
|
-0.04
N/A
|
-0.28
-600%
|
-0.17
+39%
|
-0.14
+18%
|
-0.12
+14%
|
-0.12
N/A
|
-0.15
-25%
|
-0.16
-7%
|
-0.19
-19%
|