CVF Technologies Corp
OTC:CNVT
Income Statement
Earnings Waterfall
CVF Technologies Corp
Income Statement
CVF Technologies Corp
| Sep-1996 | Dec-1996 | Mar-1997 | Jun-1997 | Sep-1997 | Dec-1997 | Mar-1998 | Jun-1998 | Sep-1998 | Dec-1998 | Mar-1999 | Jun-1999 | Sep-1999 | Dec-1999 | Mar-2000 | Jun-2000 | Sep-2000 | Dec-2000 | Mar-2001 | Jun-2001 | Sep-2001 | Dec-2001 | Mar-2002 | Jun-2002 | Sep-2002 | Dec-2002 | Mar-2003 | Jun-2003 | Sep-2003 | Dec-2003 | Mar-2004 | Jun-2004 | Sep-2004 | Dec-2004 | Mar-2005 | Jun-2005 | Sep-2005 | Dec-2005 | Mar-2006 | Jun-2006 | Sep-2006 | Dec-2006 | Mar-2007 | Jun-2007 | Sep-2007 | Dec-2007 | Mar-2008 | Jun-2008 | Sep-2008 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Revenue |
2
N/A
|
2
+20%
|
2
-12%
|
1
-14%
|
1
+4%
|
2
+15%
|
2
+22%
|
3
+28%
|
5
+86%
|
7
+50%
|
10
+35%
|
13
+35%
|
15
+13%
|
17
+9%
|
17
+4%
|
17
-2%
|
17
-1%
|
17
+1%
|
16
-6%
|
15
-4%
|
14
-7%
|
12
-13%
|
10
-17%
|
8
-18%
|
6
-24%
|
6
-6%
|
5
-14%
|
6
+27%
|
8
+19%
|
9
+13%
|
10
+9%
|
9
-6%
|
9
+2%
|
8
-12%
|
6
-28%
|
4
-38%
|
1
-64%
|
0
-64%
|
0
-28%
|
0
+27%
|
1
+169%
|
2
+34%
|
2
+44%
|
3
+21%
|
2
-21%
|
2
-4%
|
1
-28%
|
1
-24%
|
1
-11%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(2)
|
(3)
|
(5)
|
(7)
|
(11)
|
(13)
|
(14)
|
(15)
|
(15)
|
(14)
|
(15)
|
(14)
|
(13)
|
(13)
|
(11)
|
(9)
|
(7)
|
(5)
|
(4)
|
(3)
|
(4)
|
(4)
|
(5)
|
(6)
|
(5)
|
(5)
|
(4)
|
(3)
|
(2)
|
(1)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
|
| Gross Profit |
0
N/A
|
1
+83%
|
1
-2%
|
1
+11%
|
1
+11%
|
1
-42%
|
1
+10%
|
1
+25%
|
2
+110%
|
2
+36%
|
3
+12%
|
3
+12%
|
2
-15%
|
3
+10%
|
3
-4%
|
2
-9%
|
2
+5%
|
2
-13%
|
2
-17%
|
2
+1%
|
2
-3%
|
2
-9%
|
1
-9%
|
2
+15%
|
1
-15%
|
2
+48%
|
2
+14%
|
3
+13%
|
3
+23%
|
4
+9%
|
4
+7%
|
4
+1%
|
4
+6%
|
4
-9%
|
3
-24%
|
2
-33%
|
1
-64%
|
0
-56%
|
0
-31%
|
0
+5%
|
0
+50%
|
0
-10%
|
0
+52%
|
1
+20%
|
0
-20%
|
0
+9%
|
0
-22%
|
0
+2%
|
0
+5%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(3)
|
(4)
|
(4)
|
(4)
|
(5)
|
(6)
|
(8)
|
(9)
|
(9)
|
(8)
|
(7)
|
(7)
|
(7)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(7)
|
(8)
|
(8)
|
(8)
|
(6)
|
(5)
|
(4)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(5)
|
(4)
|
(3)
|
(2)
|
(2)
|
(7)
|
(8)
|
(8)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
|
| Selling, General & Administrative |
(2)
|
(3)
|
(3)
|
(3)
|
(5)
|
(5)
|
(7)
|
(8)
|
(9)
|
(8)
|
(7)
|
(6)
|
(6)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(6)
|
(7)
|
(7)
|
(7)
|
(5)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(5)
|
(4)
|
(3)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
|
| Research & Development |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Other Operating Expenses |
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
|
(5)
|
(5)
|
(5)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Operating Income |
(2)
N/A
|
(3)
-29%
|
(3)
-4%
|
(3)
+3%
|
(4)
-31%
|
(5)
-43%
|
(7)
-38%
|
(8)
-13%
|
(7)
+7%
|
(6)
+21%
|
(5)
+23%
|
(4)
+7%
|
(5)
-8%
|
(5)
-8%
|
(5)
-10%
|
(5)
+4%
|
(5)
+2%
|
(6)
-17%
|
(5)
+14%
|
(6)
-11%
|
(6)
-5%
|
(6)
-2%
|
(4)
+33%
|
(3)
+23%
|
(3)
+13%
|
(3)
-5%
|
(3)
-6%
|
(3)
+1%
|
(3)
+8%
|
(3)
+6%
|
(2)
+14%
|
(2)
-6%
|
(2)
+18%
|
(2)
+20%
|
(2)
+3%
|
(1)
+22%
|
(1)
-22%
|
(2)
-33%
|
(7)
-272%
|
(7)
-3%
|
(7)
+0%
|
(2)
+73%
|
(2)
+5%
|
(2)
+8%
|
(2)
-6%
|
(2)
+8%
|
(2)
-5%
|
(2)
+4%
|
(2)
+7%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(0)
|
(0)
|
0
|
0
|
1
|
0
|
1
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(0)
|
(0)
|
0
|
0
|
0
|
(0)
|
(0)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
1
|
1
|
0
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Gain/Loss on Disposition of Assets |
0
|
3
|
0
|
0
|
0
|
20
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
1
|
1
|
1
|
2
|
1
|
0
|
1
|
2
|
0
|
0
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
4
|
0
|
22
|
22
|
19
|
0
|
2
|
1
|
2
|
1
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(2)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(2)
|
|
| Pre-Tax Income |
2
N/A
|
0
-86%
|
19
+6 026%
|
20
+3%
|
16
-19%
|
15
-6%
|
(5)
N/A
|
(7)
-40%
|
(6)
+8%
|
(6)
+7%
|
(5)
+11%
|
(4)
+13%
|
(5)
-10%
|
(6)
-28%
|
(7)
-10%
|
(7)
+3%
|
(6)
+1%
|
(7)
-11%
|
(6)
+19%
|
(6)
-9%
|
(6)
0%
|
(9)
-35%
|
(4)
+51%
|
(3)
+26%
|
(3)
+14%
|
(3)
-21%
|
(3)
-8%
|
(3)
+0%
|
(3)
+4%
|
(3)
+10%
|
(2)
+33%
|
(2)
-11%
|
(2)
+22%
|
(2)
-7%
|
(2)
+7%
|
(1)
+31%
|
(1)
+4%
|
(4)
-264%
|
(5)
-20%
|
(6)
-12%
|
(6)
-5%
|
(2)
+67%
|
(2)
+2%
|
(2)
+12%
|
(2)
-24%
|
(2)
-10%
|
(3)
-23%
|
(2)
+22%
|
(3)
-54%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(1)
|
(1)
|
(8)
|
(8)
|
(7)
|
(6)
|
1
|
2
|
2
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
1
|
1
|
1
|
1
|
0
|
0
|
1
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
(0)
|
0
|
|
| Income from Continuing Operations |
1
|
(1)
|
11
|
12
|
9
|
9
|
(3)
|
(5)
|
(4)
|
(5)
|
(4)
|
(4)
|
(4)
|
(5)
|
(6)
|
(6)
|
(6)
|
(7)
|
(5)
|
(6)
|
(6)
|
(9)
|
(4)
|
(3)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(1)
|
(2)
|
(2)
|
(1)
|
(1)
|
(4)
|
(5)
|
(6)
|
(6)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(2)
|
(3)
|
|
| Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
1
|
0
|
0
|
1
|
0
|
0
|
0
|
3
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Net Income (Common) |
1
N/A
|
(0)
N/A
|
11
N/A
|
12
+11%
|
9
-26%
|
9
0%
|
(3)
N/A
|
(5)
-52%
|
(3)
+24%
|
(5)
-37%
|
(4)
+11%
|
(4)
-7%
|
(5)
-8%
|
(5)
-7%
|
(6)
-14%
|
(6)
-3%
|
(6)
-5%
|
(7)
-6%
|
(6)
+5%
|
(6)
-1%
|
(6)
N/A
|
(6)
+5%
|
(5)
+15%
|
(3)
+39%
|
(3)
+17%
|
(2)
+22%
|
(2)
-8%
|
(3)
-43%
|
(3)
+5%
|
(3)
+13%
|
(2)
+37%
|
(2)
-9%
|
(1)
+29%
|
(2)
-45%
|
(2)
+9%
|
(1)
+29%
|
(1)
+7%
|
(5)
-349%
|
(6)
-18%
|
(6)
-10%
|
(7)
-5%
|
(2)
+73%
|
(2)
+2%
|
(1)
+19%
|
(2)
-27%
|
(2)
-12%
|
(3)
-26%
|
(2)
+17%
|
(3)
-54%
|
|
| EPS (Diluted) |
0.22
N/A
|
-0.03
N/A
|
1.68
N/A
|
1.87
+11%
|
1.48
-21%
|
1.47
-1%
|
-0.52
N/A
|
-0.78
-50%
|
-0.51
+35%
|
-0.75
-47%
|
-0.62
+17%
|
-0.66
-6%
|
-0.71
-8%
|
-0.76
-7%
|
-0.85
-12%
|
-0.84
+1%
|
-0.81
+4%
|
-0.89
-10%
|
-0.71
+20%
|
-0.7
+1%
|
-0.71
-1%
|
-0.66
+7%
|
-0.51
+23%
|
-0.3
+41%
|
-0.25
+17%
|
-0.19
+24%
|
-0.2
-5%
|
-0.3
-50%
|
-0.28
+7%
|
-0.24
+14%
|
-0.12
+50%
|
-0.16
-33%
|
-0.11
+31%
|
-0.15
-36%
|
-0.13
+13%
|
-0.08
+38%
|
-0.08
N/A
|
-0.36
-350%
|
-0.43
-19%
|
-0.5
-16%
|
-0.53
-6%
|
-0.14
+74%
|
-0.14
N/A
|
-0.11
+21%
|
-0.14
-27%
|
-0.16
-14%
|
-0.2
-25%
|
-0.14
+30%
|
-0.26
-86%
|
|