Q-Free ASA
OSE:QFR
Income Statement
Earnings Waterfall
Q-Free ASA
Income Statement
Q-Free ASA
| 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 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||
| Revenue |
665
N/A
|
606
-9%
|
636
+5%
|
675
+6%
|
681
+1%
|
789
+16%
|
811
+3%
|
803
-1%
|
850
+6%
|
767
-10%
|
786
+3%
|
836
+6%
|
810
-3%
|
877
+8%
|
866
-1%
|
878
+1%
|
914
+4%
|
973
+7%
|
942
-3%
|
927
-2%
|
912
-2%
|
889
-3%
|
908
+2%
|
933
+3%
|
958
+3%
|
962
+0%
|
941
-2%
|
913
-3%
|
880
-4%
|
889
+1%
|
879
-1%
|
909
+3%
|
903
-1%
|
860
-5%
|
884
+3%
|
845
-4%
|
856
+1%
|
949
+11%
|
978
+3%
|
1 054
+8%
|
1 144
+9%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(248)
|
(225)
|
(241)
|
(260)
|
(255)
|
(282)
|
(270)
|
(237)
|
(228)
|
(222)
|
(232)
|
(256)
|
(265)
|
(296)
|
(296)
|
(312)
|
(312)
|
(288)
|
(278)
|
(277)
|
(298)
|
(319)
|
(349)
|
(382)
|
(402)
|
(423)
|
(400)
|
(373)
|
(347)
|
(344)
|
(330)
|
(345)
|
(335)
|
(310)
|
(329)
|
(295)
|
(301)
|
(357)
|
(379)
|
(430)
|
(493)
|
|
| Gross Profit |
416
N/A
|
381
-8%
|
395
+4%
|
415
+5%
|
427
+3%
|
506
+19%
|
542
+7%
|
567
+5%
|
622
+10%
|
545
-12%
|
555
+2%
|
580
+5%
|
546
-6%
|
581
+6%
|
570
-2%
|
567
-1%
|
602
+6%
|
686
+14%
|
665
-3%
|
650
-2%
|
614
-6%
|
569
-7%
|
558
-2%
|
551
-1%
|
556
+1%
|
539
-3%
|
540
+0%
|
540
0%
|
533
-1%
|
545
+2%
|
549
+1%
|
564
+3%
|
568
+1%
|
550
-3%
|
555
+1%
|
550
-1%
|
555
+1%
|
592
+7%
|
598
+1%
|
624
+4%
|
651
+4%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(461)
|
(476)
|
(436)
|
(453)
|
(473)
|
(498)
|
(537)
|
(572)
|
(628)
|
(640)
|
(711)
|
(732)
|
(737)
|
(640)
|
(617)
|
(603)
|
(609)
|
(660)
|
(658)
|
(632)
|
(582)
|
(545)
|
(549)
|
(555)
|
(552)
|
(535)
|
(549)
|
(544)
|
(533)
|
(533)
|
(515)
|
(520)
|
(525)
|
(502)
|
(509)
|
(505)
|
(524)
|
(560)
|
(565)
|
(591)
|
(610)
|
|
| Selling, General & Administrative |
(210)
|
(197)
|
(175)
|
(181)
|
(191)
|
(231)
|
(242)
|
(258)
|
(282)
|
(260)
|
(274)
|
(288)
|
(297)
|
(308)
|
(301)
|
(298)
|
(284)
|
(319)
|
(314)
|
(320)
|
(328)
|
(332)
|
(335)
|
(339)
|
(336)
|
(329)
|
(343)
|
(339)
|
(334)
|
(331)
|
(321)
|
(327)
|
(332)
|
(321)
|
(316)
|
(311)
|
(321)
|
(345)
|
(354)
|
(367)
|
(376)
|
|
| Depreciation & Amortization |
(59)
|
(63)
|
(64)
|
(67)
|
(70)
|
(76)
|
(82)
|
(84)
|
(87)
|
(84)
|
(131)
|
(123)
|
(115)
|
(55)
|
(53)
|
(54)
|
(54)
|
(56)
|
(76)
|
(74)
|
(71)
|
(47)
|
(54)
|
(60)
|
(67)
|
(69)
|
(65)
|
(64)
|
(60)
|
(64)
|
(63)
|
(62)
|
(62)
|
(58)
|
(57)
|
(55)
|
(52)
|
(54)
|
(70)
|
(72)
|
(75)
|
|
| Other Operating Expenses |
(192)
|
(216)
|
(196)
|
(205)
|
(211)
|
(191)
|
(213)
|
(230)
|
(259)
|
(296)
|
(306)
|
(322)
|
(325)
|
(277)
|
(264)
|
(252)
|
(271)
|
(284)
|
(268)
|
(239)
|
(183)
|
(166)
|
(160)
|
(156)
|
(149)
|
(138)
|
(141)
|
(141)
|
(138)
|
(138)
|
(131)
|
(131)
|
(132)
|
(124)
|
(136)
|
(139)
|
(151)
|
(161)
|
(141)
|
(152)
|
(160)
|
|
| Operating Income |
(45)
N/A
|
(95)
-112%
|
(40)
+57%
|
(39)
+5%
|
(46)
-18%
|
8
N/A
|
5
-47%
|
(6)
N/A
|
(6)
-7%
|
(95)
-1 506%
|
(156)
-65%
|
(153)
+2%
|
(192)
-26%
|
(59)
+69%
|
(48)
+19%
|
(37)
+23%
|
(7)
+81%
|
26
N/A
|
6
-77%
|
18
+195%
|
31
+75%
|
24
-24%
|
10
-60%
|
(4)
N/A
|
4
N/A
|
4
-5%
|
(9)
N/A
|
(4)
+55%
|
1
N/A
|
12
+2 046%
|
34
+191%
|
44
+28%
|
42
-4%
|
48
+13%
|
46
-4%
|
45
-2%
|
31
-31%
|
32
+5%
|
33
+3%
|
33
-1%
|
41
+24%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
3
|
(1)
|
(1)
|
(0)
|
(0)
|
(19)
|
(49)
|
(31)
|
(34)
|
(16)
|
(1)
|
(9)
|
(13)
|
(9)
|
7
|
(8)
|
(12)
|
(7)
|
(19)
|
(18)
|
(16)
|
1
|
(26)
|
(25)
|
(0)
|
7
|
26
|
25
|
(7)
|
(20)
|
(36)
|
(34)
|
(17)
|
(8)
|
(9)
|
(9)
|
(12)
|
(13)
|
(10)
|
(12)
|
(17)
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(56)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(22)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
(58)
|
(58)
|
(58)
|
(58)
|
(21)
|
(20)
|
(20)
|
(18)
|
2
|
2
|
2
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
0
|
(2)
|
0
|
0
|
0
|
(6)
|
0
|
0
|
0
|
(6)
|
0
|
0
|
0
|
12
|
0
|
0
|
0
|
(7)
|
(1)
|
0
|
(1)
|
(26)
|
(0)
|
(1)
|
(2)
|
(3)
|
(3)
|
(6)
|
(5)
|
(3)
|
(2)
|
1
|
(1)
|
(3)
|
0
|
(0)
|
(2)
|
(7)
|
(8)
|
(10)
|
(11)
|
|
| Pre-Tax Income |
(42)
N/A
|
(98)
-134%
|
(41)
+58%
|
(39)
+6%
|
(46)
-19%
|
(16)
+64%
|
(44)
-171%
|
(37)
+18%
|
(39)
-7%
|
(172)
-337%
|
(157)
+9%
|
(162)
-3%
|
(204)
-27%
|
(56)
+73%
|
(41)
+26%
|
(45)
-7%
|
(19)
+57%
|
(10)
+50%
|
(13)
-40%
|
(1)
+91%
|
15
N/A
|
(1)
N/A
|
(17)
-1 455%
|
(31)
-76%
|
2
N/A
|
(50)
N/A
|
(45)
+11%
|
(43)
+4%
|
(69)
-61%
|
(32)
+53%
|
(24)
+26%
|
(10)
+61%
|
7
N/A
|
40
+473%
|
39
-3%
|
38
-2%
|
18
-53%
|
12
-30%
|
16
+26%
|
10
-33%
|
13
+25%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
14
|
(13)
|
(27)
|
(27)
|
(27)
|
(11)
|
(12)
|
(15)
|
(20)
|
(16)
|
(10)
|
(12)
|
1
|
2
|
(4)
|
(1)
|
(5)
|
(2)
|
(1)
|
(4)
|
(7)
|
(7)
|
(5)
|
(7)
|
(8)
|
0
|
(1)
|
(3)
|
1
|
(9)
|
(8)
|
(3)
|
(7)
|
19
|
19
|
25
|
29
|
(10)
|
(7)
|
(14)
|
(15)
|
|
| Income from Continuing Operations |
(28)
|
(111)
|
(68)
|
(66)
|
(73)
|
(27)
|
(57)
|
(51)
|
(59)
|
(188)
|
(167)
|
(173)
|
(203)
|
(53)
|
(46)
|
(45)
|
(24)
|
(11)
|
(15)
|
(5)
|
8
|
(8)
|
(22)
|
(37)
|
(6)
|
(50)
|
(45)
|
(46)
|
(68)
|
(41)
|
(32)
|
(12)
|
(0)
|
59
|
57
|
63
|
47
|
3
|
9
|
(4)
|
(2)
|
|
| Income to Minority Interest |
(2)
|
(1)
|
(1)
|
(2)
|
(2)
|
0
|
(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
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Net Income (Common) |
(29)
N/A
|
(112)
-281%
|
(70)
+38%
|
(67)
+4%
|
(75)
-11%
|
(29)
+62%
|
(58)
-102%
|
(52)
+11%
|
(59)
-14%
|
(195)
-229%
|
(173)
+11%
|
(179)
-3%
|
(210)
-17%
|
(84)
+60%
|
(76)
+9%
|
(77)
-1%
|
(54)
+29%
|
(21)
+62%
|
(24)
-17%
|
(14)
+41%
|
(2)
+87%
|
(8)
-331%
|
(22)
-178%
|
(37)
-66%
|
(6)
+85%
|
(50)
-787%
|
(45)
+9%
|
(46)
-1%
|
(68)
-49%
|
(41)
+40%
|
(32)
+23%
|
(8)
+74%
|
4
N/A
|
59
+1 492%
|
57
-2%
|
63
+10%
|
47
-26%
|
3
-94%
|
9
+219%
|
(4)
N/A
|
(2)
+53%
|
|
| EPS (Diluted) |
-0.44
N/A
|
-1.65
-275%
|
-1.04
+37%
|
-0.97
+7%
|
-1.08
-11%
|
-0.42
+61%
|
-0.84
-100%
|
-0.75
+11%
|
-0.85
-13%
|
-2.79
-228%
|
-2.47
+11%
|
-2.49
-1%
|
-2.93
-18%
|
-1.1
+62%
|
-0.85
+23%
|
-0.85
N/A
|
-0.6
+29%
|
-0.23
+62%
|
-0.27
-17%
|
-0.15
+44%
|
-0.02
+87%
|
-0.09
-350%
|
-0.25
-178%
|
-0.41
-64%
|
-0.06
+85%
|
-0.56
-833%
|
-0.5
+11%
|
-0.54
-8%
|
-0.67
-24%
|
-0.46
+31%
|
-0.38
+17%
|
-0.07
+82%
|
0.03
N/A
|
0.52
+1 633%
|
0.52
N/A
|
0.56
+8%
|
0.42
-25%
|
0.02
-95%
|
0.08
+300%
|
-0.03
N/A
|
-0.02
+33%
|
|