Sarine Technologies Ltd
SGX:U77
Income Statement
Earnings Waterfall
Sarine Technologies Ltd
Revenue
|
42.9m
USD
|
Cost of Revenue
|
-15.6m
USD
|
Gross Profit
|
27.4m
USD
|
Operating Expenses
|
-29.2m
USD
|
Operating Income
|
-1.8m
USD
|
Other Expenses
|
-958k
USD
|
Net Income
|
-2.8m
USD
|
Income Statement
Sarine Technologies Ltd
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 | Jun-2020 | Dec-2020 | Jun-2021 | Dec-2021 | Jun-2022 | Dec-2022 | Jun-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
58
N/A
|
65
+13%
|
68
+4%
|
64
-6%
|
64
+0%
|
64
+1%
|
68
+6%
|
74
+8%
|
76
+3%
|
81
+5%
|
83
+3%
|
86
+4%
|
88
+2%
|
76
-14%
|
65
-14%
|
54
-17%
|
48
-11%
|
52
+7%
|
58
+12%
|
66
+13%
|
73
+10%
|
73
+1%
|
71
-4%
|
65
-8%
|
59
-9%
|
59
+1%
|
59
0%
|
59
+1%
|
59
-1%
|
53
-10%
|
46
-12%
|
49
+5%
|
51
+5%
|
51
0%
|
41
-20%
|
55
+33%
|
62
+14%
|
57
-8%
|
59
+3%
|
51
-13%
|
43
-16%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(20)
|
(21)
|
(21)
|
(20)
|
(20)
|
(20)
|
(21)
|
(22)
|
(22)
|
(23)
|
(23)
|
(25)
|
(26)
|
(23)
|
(20)
|
(18)
|
(16)
|
(17)
|
(19)
|
(21)
|
(22)
|
(22)
|
(22)
|
(20)
|
(19)
|
(19)
|
(19)
|
(20)
|
(20)
|
(19)
|
(19)
|
(20)
|
(22)
|
(20)
|
(14)
|
(15)
|
(16)
|
(16)
|
(18)
|
(17)
|
(16)
|
|
Gross Profit |
38
N/A
|
44
+16%
|
47
+5%
|
44
-6%
|
43
-1%
|
44
+1%
|
47
+7%
|
52
+11%
|
55
+5%
|
58
+6%
|
60
+4%
|
62
+3%
|
62
+1%
|
52
-16%
|
45
-14%
|
37
-18%
|
33
-11%
|
35
+8%
|
39
+11%
|
45
+15%
|
50
+12%
|
51
+1%
|
49
-4%
|
44
-9%
|
39
-12%
|
40
+1%
|
39
-1%
|
40
+0%
|
39
-2%
|
33
-14%
|
28
-17%
|
29
+3%
|
30
+4%
|
31
+5%
|
27
-13%
|
40
+49%
|
46
+14%
|
41
-10%
|
41
-1%
|
35
-15%
|
27
-21%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(17)
|
(18)
|
(18)
|
(18)
|
(19)
|
(20)
|
(21)
|
(23)
|
(25)
|
(26)
|
(28)
|
(29)
|
(29)
|
(29)
|
(29)
|
(28)
|
(27)
|
(27)
|
(27)
|
(28)
|
(29)
|
(30)
|
(31)
|
(31)
|
(30)
|
(30)
|
(29)
|
(28)
|
(29)
|
(28)
|
(28)
|
(28)
|
(28)
|
(26)
|
(23)
|
(23)
|
(27)
|
(29)
|
(30)
|
(30)
|
(29)
|
|
Selling, General & Administrative |
(11)
|
(12)
|
(12)
|
(12)
|
(13)
|
(13)
|
(14)
|
(16)
|
(16)
|
(17)
|
(18)
|
(18)
|
(18)
|
(19)
|
(18)
|
(17)
|
(16)
|
(16)
|
(17)
|
(17)
|
(18)
|
(19)
|
(19)
|
(20)
|
(19)
|
(20)
|
(20)
|
(19)
|
(19)
|
(19)
|
(19)
|
(20)
|
(20)
|
(19)
|
(16)
|
(16)
|
(19)
|
(20)
|
(21)
|
(21)
|
(21)
|
|
Research & Development |
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(7)
|
(8)
|
(8)
|
(9)
|
(10)
|
(10)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(10)
|
(10)
|
(11)
|
(11)
|
(11)
|
(12)
|
(11)
|
(11)
|
(10)
|
(10)
|
(9)
|
(9)
|
(9)
|
(8)
|
(8)
|
(8)
|
(7)
|
(7)
|
(7)
|
(8)
|
(8)
|
(9)
|
(9)
|
(9)
|
|
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
|
0
|
0
|
0
|
|
Operating Income |
21
N/A
|
26
+24%
|
29
+8%
|
26
-10%
|
24
-5%
|
24
-1%
|
26
+7%
|
29
+12%
|
30
+3%
|
32
+6%
|
32
+2%
|
33
+2%
|
33
+0%
|
23
-31%
|
16
-29%
|
9
-47%
|
5
-36%
|
8
+52%
|
12
+40%
|
17
+44%
|
21
+25%
|
21
-2%
|
18
-13%
|
14
-25%
|
9
-31%
|
10
+4%
|
10
+5%
|
11
+7%
|
10
-10%
|
6
-44%
|
0
-99%
|
0
+518%
|
1
+250%
|
5
+351%
|
4
-14%
|
17
+290%
|
19
+13%
|
13
-33%
|
11
-13%
|
5
-56%
|
(2)
N/A
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
(0)
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(0)
|
0
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
1
|
1
|
|
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
|
|
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
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
(0)
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
21
N/A
|
27
+24%
|
29
+7%
|
26
-9%
|
25
-5%
|
24
-1%
|
26
+7%
|
29
+11%
|
30
+3%
|
32
+6%
|
32
+3%
|
33
+3%
|
33
-1%
|
23
-31%
|
16
-30%
|
8
-49%
|
5
-34%
|
8
+57%
|
12
+42%
|
18
+49%
|
22
+24%
|
21
-3%
|
19
-13%
|
14
-26%
|
9
-31%
|
10
+5%
|
10
+5%
|
11
+7%
|
10
-9%
|
6
-45%
|
(0)
N/A
|
(0)
+12%
|
0
N/A
|
5
+955%
|
4
-13%
|
16
+297%
|
19
+19%
|
12
-34%
|
11
-9%
|
6
-51%
|
(1)
N/A
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(4)
|
(5)
|
(5)
|
(4)
|
(4)
|
(3)
|
(3)
|
(6)
|
(6)
|
(7)
|
(7)
|
(5)
|
(6)
|
(4)
|
(3)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(2)
|
(2)
|
|
Income from Continuing Operations |
17
|
22
|
23
|
22
|
21
|
21
|
23
|
23
|
24
|
25
|
25
|
28
|
27
|
19
|
13
|
6
|
4
|
6
|
9
|
14
|
18
|
17
|
15
|
10
|
6
|
6
|
7
|
8
|
8
|
3
|
(2)
|
(2)
|
(1)
|
3
|
2
|
14
|
16
|
10
|
9
|
3
|
(3)
|
|
Net Income (Common) |
17
N/A
|
22
+26%
|
23
+7%
|
22
-7%
|
21
-4%
|
21
+1%
|
23
+8%
|
23
+2%
|
24
+3%
|
25
+4%
|
25
+1%
|
28
+10%
|
27
-2%
|
19
-30%
|
13
-31%
|
6
-54%
|
4
-40%
|
6
+58%
|
9
+59%
|
14
+60%
|
18
+24%
|
17
-3%
|
15
-16%
|
10
-31%
|
6
-43%
|
6
+11%
|
7
+14%
|
8
+11%
|
8
-6%
|
3
-59%
|
(2)
N/A
|
(2)
-1%
|
(1)
+45%
|
3
N/A
|
2
-10%
|
14
+482%
|
16
+19%
|
10
-37%
|
9
-16%
|
3
-64%
|
(3)
N/A
|
|
EPS (Diluted) |
0.04
N/A
|
0.05
+25%
|
0.06
+20%
|
0.06
N/A
|
0.06
N/A
|
0.06
N/A
|
0.06
N/A
|
0.06
N/A
|
0.06
N/A
|
0.07
+17%
|
0.07
N/A
|
0.08
+14%
|
0.08
N/A
|
0.05
-38%
|
0.04
-20%
|
0.02
-50%
|
0.01
-50%
|
0.02
+100%
|
0.03
+50%
|
0.04
+33%
|
0.05
+25%
|
0.05
N/A
|
0.04
-20%
|
0.03
-25%
|
0.02
-33%
|
0.02
N/A
|
0.02
N/A
|
0.02
N/A
|
0.02
N/A
|
0.01
-50%
|
-0.01
N/A
|
-0.01
N/A
|
0
N/A
|
0.01
N/A
|
0.01
N/A
|
0.04
+300%
|
0.05
+25%
|
0.03
-40%
|
0.03
N/A
|
0.01
-67%
|
-0.01
N/A
|