Wavestone SA
PAR:WAVE
Income Statement
Earnings Waterfall
Wavestone SA
Income Statement
Wavestone SA
| Mar-2003 | Sep-2003 | Mar-2004 | Sep-2004 | Mar-2005 | Sep-2005 | Mar-2006 | Sep-2006 | Mar-2007 | Sep-2007 | Mar-2008 | Sep-2008 | Mar-2009 | Sep-2009 | Mar-2010 | Sep-2010 | Mar-2011 | Sep-2011 | Mar-2012 | Sep-2012 | Mar-2013 | Sep-2013 | Mar-2014 | Sep-2014 | Mar-2015 | Sep-2015 | Mar-2016 | Sep-2016 | Mar-2017 | Sep-2017 | Mar-2018 | Sep-2018 | Mar-2019 | Sep-2019 | Mar-2020 | Sep-2020 | Mar-2021 | Sep-2021 | Mar-2022 | Sep-2022 | Mar-2023 | Sep-2023 | Mar-2024 | Sep-2024 | Mar-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
1
|
1
|
1
|
1
|
2
|
2
|
3
|
3
|
4
|
3
|
|
| Revenue |
24
N/A
|
25
+5%
|
27
+8%
|
29
+8%
|
32
+7%
|
34
+7%
|
39
+15%
|
45
+16%
|
53
+18%
|
64
+21%
|
73
+15%
|
87
+19%
|
102
+17%
|
103
+1%
|
103
+1%
|
108
+4%
|
108
+0%
|
106
-2%
|
108
+2%
|
118
+9%
|
131
+11%
|
136
+4%
|
142
+4%
|
150
+6%
|
163
+8%
|
181
+11%
|
233
+29%
|
304
+30%
|
339
+12%
|
343
+1%
|
360
+5%
|
376
+4%
|
392
+4%
|
404
+3%
|
422
+5%
|
414
-2%
|
418
+1%
|
449
+7%
|
470
+5%
|
489
+4%
|
532
+9%
|
572
+7%
|
701
+23%
|
882
+26%
|
944
+7%
|
944
+0%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(6)
|
(1)
|
(8)
|
(2)
|
(12)
|
(2)
|
(15)
|
(2)
|
(13)
|
(2)
|
(16)
|
(4)
|
(17)
|
(4)
|
(18)
|
(4)
|
(18)
|
(3)
|
(4)
|
(6)
|
(10)
|
(14)
|
(15)
|
(15)
|
(13)
|
(12)
|
(12)
|
(12)
|
(13)
|
(14)
|
(14)
|
(13)
|
(11)
|
(14)
|
(22)
|
(27)
|
(68)
|
(129)
|
(145)
|
(137)
|
|
| Gross Profit |
23
N/A
|
24
+4%
|
26
+10%
|
29
+9%
|
31
+7%
|
33
+6%
|
32
0%
|
43
+34%
|
45
+3%
|
62
+37%
|
61
-1%
|
85
+39%
|
87
+2%
|
100
+16%
|
91
-9%
|
105
+16%
|
92
-13%
|
102
+11%
|
91
-11%
|
114
+25%
|
113
-1%
|
132
+17%
|
124
-6%
|
147
+18%
|
159
+8%
|
175
+10%
|
223
+27%
|
290
+30%
|
324
+12%
|
328
+1%
|
347
+6%
|
365
+5%
|
379
+4%
|
392
+3%
|
409
+4%
|
400
-2%
|
404
+1%
|
436
+8%
|
459
+5%
|
475
+4%
|
511
+7%
|
545
+7%
|
633
+16%
|
753
+19%
|
799
+6%
|
806
+1%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(28)
|
(22)
|
(24)
|
(25)
|
(27)
|
(28)
|
(28)
|
(38)
|
(38)
|
(53)
|
(52)
|
(75)
|
(76)
|
(91)
|
(84)
|
(94)
|
(79)
|
(92)
|
(79)
|
(101)
|
(97)
|
(115)
|
(106)
|
(128)
|
(138)
|
(154)
|
(200)
|
(262)
|
(288)
|
(292)
|
(300)
|
(314)
|
(327)
|
(339)
|
(356)
|
(352)
|
(360)
|
(376)
|
(386)
|
(407)
|
(438)
|
(465)
|
(547)
|
(659)
|
(689)
|
(696)
|
|
| Selling, General & Administrative |
(18)
|
(18)
|
(19)
|
(21)
|
(22)
|
(24)
|
(27)
|
(32)
|
(37)
|
(45)
|
(51)
|
(62)
|
(74)
|
(78)
|
(79)
|
(80)
|
(78)
|
(77)
|
(79)
|
(87)
|
(96)
|
(100)
|
(105)
|
(112)
|
(126)
|
(133)
|
(174)
|
(214)
|
(247)
|
(242)
|
(263)
|
(262)
|
(282)
|
(279)
|
(310)
|
(307)
|
(330)
|
(332)
|
(354)
|
(354)
|
(394)
|
(410)
|
(489)
|
(563)
|
(624)
|
(619)
|
|
| Depreciation & Amortization |
(7)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
(4)
|
(6)
|
(3)
|
(5)
|
(6)
|
(8)
|
(12)
|
(11)
|
(11)
|
(10)
|
(8)
|
(7)
|
(7)
|
(8)
|
(12)
|
(18)
|
(19)
|
(19)
|
|
| Other Operating Expenses |
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(0)
|
(6)
|
0
|
(8)
|
0
|
(12)
|
0
|
(11)
|
(3)
|
(14)
|
0
|
(14)
|
(0)
|
(13)
|
0
|
(14)
|
(1)
|
(15)
|
(11)
|
(19)
|
(25)
|
(46)
|
(37)
|
(44)
|
(34)
|
(48)
|
(39)
|
(51)
|
(34)
|
(34)
|
(19)
|
(35)
|
(24)
|
(46)
|
(36)
|
(46)
|
(47)
|
(77)
|
(46)
|
(57)
|
|
| Operating Income |
(5)
N/A
|
2
N/A
|
3
+23%
|
4
+33%
|
4
+17%
|
4
+2%
|
5
+12%
|
6
+15%
|
7
+25%
|
8
+20%
|
9
+11%
|
10
+7%
|
11
+13%
|
10
-14%
|
7
-26%
|
11
+57%
|
13
+15%
|
10
-25%
|
12
+22%
|
12
+7%
|
15
+24%
|
17
+10%
|
18
+5%
|
19
+9%
|
20
+6%
|
22
+6%
|
23
+6%
|
28
+21%
|
36
+27%
|
36
0%
|
47
+31%
|
50
+7%
|
52
+5%
|
53
+0%
|
54
+2%
|
48
-10%
|
43
-11%
|
60
+38%
|
73
+22%
|
68
-6%
|
73
+6%
|
80
+10%
|
86
+7%
|
94
+10%
|
110
+16%
|
111
+1%
|
|
| 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)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(3)
|
(2)
|
(2)
|
(3)
|
(3)
|
(2)
|
|
| 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
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Gain/Loss on Disposition of Assets |
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
|
0
|
0
|
0
|
0
|
0
|
|
| 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)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
0
|
(0)
|
(1)
|
(1)
|
(2)
|
(0)
|
(1)
|
0
|
(0)
|
(1)
|
(2)
|
(2)
|
(4)
|
(3)
|
(3)
|
|
| Pre-Tax Income |
(5)
N/A
|
2
N/A
|
3
+35%
|
4
+16%
|
4
+17%
|
5
+7%
|
5
+7%
|
6
+17%
|
7
+25%
|
8
+20%
|
9
+10%
|
10
+4%
|
11
+10%
|
9
-14%
|
7
-24%
|
11
+58%
|
13
+15%
|
10
-23%
|
12
+21%
|
12
+7%
|
15
+23%
|
17
+9%
|
18
+5%
|
19
+9%
|
20
+6%
|
21
+5%
|
22
+2%
|
25
+16%
|
33
+32%
|
33
+0%
|
44
+32%
|
48
+10%
|
51
+5%
|
50
0%
|
50
-1%
|
45
-11%
|
41
-9%
|
58
+42%
|
72
+24%
|
67
-6%
|
69
+2%
|
76
+11%
|
81
+7%
|
87
+7%
|
103
+18%
|
106
+3%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
1
|
1
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(4)
|
(3)
|
(4)
|
(5)
|
(6)
|
(5)
|
(5)
|
(4)
|
(5)
|
(6)
|
(7)
|
(7)
|
(8)
|
(8)
|
(8)
|
(10)
|
(13)
|
(13)
|
(17)
|
(19)
|
(20)
|
(21)
|
(19)
|
(16)
|
(15)
|
(19)
|
(21)
|
(19)
|
(19)
|
(21)
|
(23)
|
(24)
|
(27)
|
(27)
|
|
| Income from Continuing Operations |
(4)
|
3
|
2
|
2
|
3
|
3
|
3
|
4
|
5
|
6
|
6
|
6
|
7
|
6
|
3
|
6
|
7
|
5
|
7
|
8
|
10
|
11
|
11
|
12
|
13
|
13
|
13
|
15
|
20
|
20
|
27
|
29
|
31
|
29
|
31
|
29
|
25
|
39
|
51
|
48
|
50
|
55
|
59
|
63
|
76
|
79
|
|
| 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
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
|
| Net Income (Common) |
(4)
N/A
|
3
N/A
|
2
-33%
|
2
+20%
|
3
+13%
|
3
+7%
|
3
+10%
|
4
+16%
|
5
+24%
|
6
+20%
|
6
+13%
|
6
+3%
|
7
+9%
|
6
-13%
|
3
-46%
|
6
+67%
|
7
+25%
|
5
-32%
|
7
+49%
|
8
+19%
|
10
+24%
|
11
+4%
|
11
+2%
|
12
+7%
|
13
+8%
|
13
+6%
|
13
+0%
|
15
+12%
|
20
+35%
|
20
+2%
|
27
+31%
|
29
+10%
|
31
+5%
|
29
-4%
|
31
+6%
|
29
-8%
|
25
-12%
|
39
+54%
|
51
+31%
|
48
-6%
|
50
+4%
|
55
+10%
|
58
+5%
|
62
+7%
|
76
+21%
|
79
+4%
|
|
| EPS (Diluted) |
-0.23
N/A
|
0.16
N/A
|
0.1
-38%
|
0.12
+20%
|
0.14
+17%
|
0.15
+7%
|
0.16
+7%
|
0.18
+12%
|
0.24
+33%
|
0.28
+17%
|
0.31
+11%
|
0.32
+3%
|
0.35
+9%
|
0.3
-14%
|
0.16
-47%
|
0.28
+75%
|
0.35
+25%
|
0.24
-31%
|
0.35
+46%
|
0.42
+20%
|
0.52
+24%
|
0.54
+4%
|
0.55
+2%
|
0.6
+9%
|
0.64
+7%
|
0.69
+8%
|
0.68
-1%
|
0.76
+12%
|
1.02
+34%
|
1.04
+2%
|
1.35
+30%
|
1.47
+9%
|
1.54
+5%
|
1.48
-4%
|
1.57
+6%
|
1.45
-8%
|
1.27
-12%
|
1.95
+54%
|
2.55
+31%
|
2.42
-5%
|
2.51
+4%
|
2.77
+10%
|
2.71
-2%
|
2.54
-6%
|
3.09
+22%
|
3.22
+4%
|
|