N-Able Inc
NYSE:NABL
Income Statement
Earnings Waterfall
N-Able Inc
Revenue
|
421.9m
USD
|
Cost of Revenue
|
-68.2m
USD
|
Gross Profit
|
353.7m
USD
|
Operating Expenses
|
-283.4m
USD
|
Operating Income
|
70.3m
USD
|
Other Expenses
|
-46.9m
USD
|
Net Income
|
23.4m
USD
|
Income Statement
N-Able Inc
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 |
264
N/A
|
276
+5%
|
283
+3%
|
293
+3%
|
303
+4%
|
313
+3%
|
325
+4%
|
337
+4%
|
347
+3%
|
354
+2%
|
360
+2%
|
366
+1%
|
372
+2%
|
381
+2%
|
395
+4%
|
409
+4%
|
422
+3%
|
|
Gross Profit | ||||||||||||||||||
Cost of Revenue |
(57)
|
(58)
|
(59)
|
(61)
|
(63)
|
(62)
|
(60)
|
(56)
|
(52)
|
(53)
|
(54)
|
(57)
|
(59)
|
(61)
|
(63)
|
(66)
|
(68)
|
|
Gross Profit |
206
N/A
|
217
+5%
|
224
+3%
|
232
+3%
|
240
+4%
|
251
+5%
|
265
+6%
|
281
+6%
|
294
+5%
|
301
+3%
|
306
+2%
|
309
+1%
|
313
+1%
|
320
+2%
|
332
+4%
|
344
+4%
|
354
+3%
|
|
Operating Income | ||||||||||||||||||
Operating Expenses |
(170)
|
(176)
|
(178)
|
(186)
|
(206)
|
(222)
|
(240)
|
(256)
|
(261)
|
(262)
|
(267)
|
(267)
|
(266)
|
(269)
|
(276)
|
(281)
|
(283)
|
|
Selling, General & Administrative |
(109)
|
(113)
|
(114)
|
(121)
|
(139)
|
(155)
|
(172)
|
(188)
|
(193)
|
(196)
|
(201)
|
(200)
|
(196)
|
(198)
|
(200)
|
(203)
|
(205)
|
|
Research & Development |
(37)
|
(40)
|
(41)
|
(42)
|
(43)
|
(43)
|
(46)
|
(50)
|
(54)
|
(57)
|
(60)
|
(61)
|
(64)
|
(67)
|
(72)
|
(76)
|
(78)
|
|
Depreciation & Amortization |
(23)
|
(23)
|
(23)
|
(24)
|
(24)
|
(24)
|
(22)
|
(18)
|
(14)
|
(9)
|
(6)
|
(6)
|
(6)
|
(5)
|
(4)
|
(2)
|
(1)
|
|
Operating Income |
37
N/A
|
41
+12%
|
46
+12%
|
45
-2%
|
34
-26%
|
28
-16%
|
25
-13%
|
25
+2%
|
33
+31%
|
39
+18%
|
40
+1%
|
42
+5%
|
47
+14%
|
51
+7%
|
56
+11%
|
63
+12%
|
70
+12%
|
|
Pre-Tax Income | ||||||||||||||||||
Interest Income Expense |
(34)
|
(8)
|
(15)
|
0
|
(28)
|
(14)
|
(13)
|
(16)
|
(21)
|
(18)
|
(15)
|
(17)
|
(19)
|
(23)
|
(26)
|
(29)
|
(30)
|
|
Total Other Income |
0
|
(26)
|
(17)
|
(30)
|
(1)
|
(14)
|
(15)
|
(9)
|
(1)
|
0
|
1
|
(0)
|
2
|
2
|
3
|
4
|
4
|
|
Pre-Tax Income |
3
N/A
|
8
+134%
|
15
+100%
|
16
+3%
|
5
-68%
|
0
-96%
|
(3)
N/A
|
1
N/A
|
12
+955%
|
22
+90%
|
25
+13%
|
24
-4%
|
30
+27%
|
30
-2%
|
33
+9%
|
38
+16%
|
44
+17%
|
|
Net Income | ||||||||||||||||||
Tax Provision |
(6)
|
(7)
|
(9)
|
(11)
|
(12)
|
(13)
|
(13)
|
(13)
|
(12)
|
(13)
|
(12)
|
(12)
|
(14)
|
(15)
|
(17)
|
(17)
|
(21)
|
|
Income from Continuing Operations |
(3)
|
1
|
6
|
5
|
(7)
|
(12)
|
(15)
|
(12)
|
0
|
10
|
13
|
12
|
17
|
15
|
15
|
21
|
23
|
|
Net Income (Common) |
(3)
N/A
|
1
N/A
|
6
+1 060%
|
5
-21%
|
(7)
N/A
|
(12)
-68%
|
(15)
-22%
|
(12)
+20%
|
0
N/A
|
10
+9 500%
|
13
+40%
|
12
-12%
|
17
+42%
|
15
-10%
|
15
+1%
|
21
+37%
|
23
+11%
|
|
EPS (Diluted) |
-0.02
N/A
|
0
N/A
|
0.03
N/A
|
0.02
-33%
|
-0.05
N/A
|
-0.08
-60%
|
-0.1
-25%
|
-0.08
+20%
|
0
N/A
|
0.05
N/A
|
0.07
+40%
|
0.06
-14%
|
0.09
+50%
|
0.08
-11%
|
0.08
N/A
|
0.11
+38%
|
0.13
+18%
|