
Vecima Networks Inc
TSX:VCM

Income Statement
Earnings Waterfall
Vecima Networks Inc
Revenue
|
304.6m
CAD
|
Cost of Revenue
|
-173.3m
CAD
|
Gross Profit
|
131.3m
CAD
|
Operating Expenses
|
-111.9m
CAD
|
Operating Income
|
19.4m
CAD
|
Other Expenses
|
-15.7m
CAD
|
Net Income
|
3.7m
CAD
|
Income Statement
Vecima Networks Inc
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 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Interest 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
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
|
Revenue |
95
N/A
|
91
-4%
|
91
+0%
|
92
+1%
|
97
+6%
|
98
+1%
|
96
-2%
|
92
-5%
|
79
-14%
|
72
-9%
|
65
-8%
|
60
-8%
|
68
+14%
|
78
+14%
|
85
+8%
|
92
+9%
|
89
-4%
|
85
-4%
|
84
-1%
|
86
+3%
|
91
+6%
|
95
+4%
|
103
+8%
|
107
+4%
|
113
+6%
|
124
+10%
|
129
+4%
|
143
+11%
|
162
+14%
|
187
+15%
|
228
+22%
|
260
+14%
|
288
+11%
|
303
+5%
|
291
-4%
|
277
-5%
|
279
+1%
|
291
+4%
|
311
+7%
|
321
+3%
|
305
-5%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(45)
|
(41)
|
(40)
|
(40)
|
(42)
|
(43)
|
(42)
|
(41)
|
(36)
|
(34)
|
(30)
|
(28)
|
(32)
|
(36)
|
(39)
|
(42)
|
(40)
|
(39)
|
(39)
|
(38)
|
(41)
|
(43)
|
(49)
|
(55)
|
(60)
|
(66)
|
(69)
|
(76)
|
(86)
|
(96)
|
(120)
|
(138)
|
(156)
|
(161)
|
(154)
|
(147)
|
(145)
|
(154)
|
(169)
|
(182)
|
(173)
|
|
Gross Profit |
50
N/A
|
50
0%
|
51
+2%
|
52
+2%
|
55
+6%
|
56
+1%
|
54
-3%
|
51
-5%
|
43
-16%
|
38
-12%
|
35
-7%
|
32
-8%
|
36
+13%
|
42
+17%
|
45
+6%
|
50
+12%
|
49
-3%
|
46
-6%
|
45
-2%
|
48
+7%
|
50
+4%
|
52
+4%
|
54
+3%
|
53
-2%
|
53
+2%
|
58
+8%
|
59
+2%
|
66
+12%
|
76
+15%
|
91
+18%
|
108
+19%
|
122
+13%
|
132
+8%
|
143
+8%
|
137
-4%
|
131
-5%
|
134
+3%
|
138
+3%
|
142
+3%
|
138
-3%
|
131
-5%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(30)
|
(29)
|
(28)
|
(25)
|
(25)
|
(26)
|
(27)
|
(27)
|
(27)
|
(27)
|
(27)
|
(27)
|
(33)
|
(39)
|
(43)
|
(49)
|
(49)
|
(49)
|
(51)
|
(51)
|
(51)
|
(51)
|
(53)
|
(57)
|
(59)
|
(58)
|
(61)
|
(63)
|
(68)
|
(80)
|
(86)
|
(92)
|
(101)
|
(106)
|
(111)
|
(110)
|
(109)
|
(105)
|
(110)
|
(111)
|
(112)
|
|
Selling, General & Administrative |
(19)
|
(18)
|
(16)
|
(13)
|
(13)
|
(14)
|
(14)
|
(15)
|
(14)
|
(15)
|
(14)
|
(14)
|
(18)
|
(23)
|
(26)
|
(29)
|
(29)
|
(30)
|
(30)
|
(31)
|
(31)
|
(25)
|
(30)
|
(31)
|
(32)
|
(30)
|
(34)
|
(35)
|
(38)
|
(39)
|
(46)
|
(50)
|
(55)
|
(54)
|
(63)
|
(62)
|
(61)
|
(56)
|
(63)
|
(64)
|
(65)
|
|
Research & Development |
(9)
|
(9)
|
(9)
|
(9)
|
(10)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(12)
|
(13)
|
(15)
|
(16)
|
(17)
|
(17)
|
(18)
|
(19)
|
(19)
|
(20)
|
(21)
|
(23)
|
(25)
|
(27)
|
(26)
|
(28)
|
(29)
|
(31)
|
(36)
|
(39)
|
(41)
|
(45)
|
(46)
|
(46)
|
(47)
|
(46)
|
(44)
|
(46)
|
(46)
|
(46)
|
|
Depreciation & Amortization |
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(2)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
|
Other Operating Expenses |
1
|
0
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
|
Operating Income |
20
N/A
|
21
+4%
|
23
+11%
|
27
+16%
|
30
+13%
|
30
-1%
|
27
-9%
|
24
-13%
|
16
-31%
|
11
-35%
|
8
-25%
|
5
-37%
|
3
-31%
|
4
+15%
|
2
-58%
|
2
+8%
|
(0)
N/A
|
(4)
-1 491%
|
(6)
-57%
|
(3)
+47%
|
(1)
+56%
|
2
N/A
|
1
-28%
|
(4)
N/A
|
(5)
-22%
|
(0)
+98%
|
(2)
-1 580%
|
3
N/A
|
9
+176%
|
10
+14%
|
22
+120%
|
30
+33%
|
32
+6%
|
36
+14%
|
26
-27%
|
20
-23%
|
25
+26%
|
32
+26%
|
33
+1%
|
27
-16%
|
19
-29%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
2
|
2
|
2
|
2
|
1
|
1
|
1
|
1
|
2
|
2
|
1
|
1
|
2
|
2
|
2
|
3
|
2
|
1
|
2
|
0
|
2
|
2
|
1
|
0
|
(3)
|
(3)
|
(2)
|
(1)
|
(0)
|
2
|
2
|
1
|
1
|
2
|
(2)
|
(1)
|
(3)
|
(3)
|
(10)
|
(16)
|
(15)
|
|
Non-Reccuring Items |
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(2)
|
(3)
|
(2)
|
(2)
|
(2)
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
(0)
|
(0)
|
(0)
|
(3)
|
(1)
|
(1)
|
(3)
|
(3)
|
(1)
|
(4)
|
(3)
|
|
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
|
(1)
|
0
|
0
|
0
|
(6)
|
0
|
0
|
(1)
|
|
Pre-Tax Income |
21
N/A
|
22
+6%
|
24
+10%
|
28
+14%
|
30
+11%
|
29
-5%
|
26
-9%
|
23
-14%
|
17
-27%
|
11
-35%
|
7
-33%
|
4
-38%
|
4
-16%
|
5
+42%
|
2
-55%
|
4
+45%
|
(0)
N/A
|
(6)
-9 733%
|
(6)
-3%
|
(5)
+20%
|
(1)
+80%
|
3
N/A
|
3
+6%
|
(4)
N/A
|
(7)
-90%
|
(4)
+44%
|
(3)
+23%
|
3
N/A
|
9
+204%
|
11
+28%
|
24
+117%
|
31
+29%
|
33
+7%
|
34
+2%
|
23
-32%
|
18
-23%
|
19
+10%
|
21
+6%
|
22
+6%
|
7
-68%
|
1
-83%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(5)
|
(6)
|
(6)
|
(7)
|
(8)
|
(8)
|
(7)
|
(6)
|
(5)
|
(3)
|
(2)
|
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
0
|
2
|
2
|
3
|
1
|
(0)
|
(0)
|
0
|
3
|
2
|
3
|
1
|
(2)
|
(2)
|
(6)
|
(7)
|
(7)
|
(6)
|
(3)
|
(3)
|
(3)
|
(1)
|
(2)
|
1
|
3
|
|
Income from Continuing Operations |
16
|
16
|
18
|
20
|
22
|
21
|
19
|
16
|
12
|
8
|
5
|
3
|
3
|
4
|
2
|
2
|
0
|
(4)
|
(4)
|
(2)
|
(0)
|
3
|
3
|
(4)
|
(4)
|
(2)
|
(1)
|
4
|
7
|
9
|
17
|
24
|
26
|
27
|
19
|
15
|
16
|
19
|
20
|
8
|
4
|
|
Net Income (Common) |
16
N/A
|
15
-4%
|
17
+14%
|
20
+16%
|
22
+12%
|
22
-2%
|
20
-9%
|
17
-14%
|
22
+25%
|
18
-17%
|
22
+22%
|
20
-11%
|
10
-49%
|
11
+9%
|
2
-85%
|
2
+43%
|
0
-90%
|
(4)
N/A
|
(4)
-7%
|
(2)
+40%
|
(0)
+96%
|
2
N/A
|
2
+31%
|
(4)
N/A
|
(3)
+35%
|
(0)
+89%
|
1
N/A
|
6
+367%
|
7
+14%
|
9
+31%
|
17
+101%
|
24
+38%
|
26
+6%
|
27
+6%
|
19
-28%
|
15
-23%
|
16
+9%
|
19
+19%
|
20
+2%
|
8
-58%
|
4
-56%
|
|
EPS (Diluted) |
0.7
N/A
|
0.67
-4%
|
0.78
+16%
|
0.9
+15%
|
1
+11%
|
0.98
-2%
|
0.89
-9%
|
0.76
-15%
|
0.96
+26%
|
0.8
-17%
|
0.98
+23%
|
0.87
-11%
|
0.44
-49%
|
0.48
+9%
|
0.08
-83%
|
0.11
+38%
|
0.01
-91%
|
-0.15
N/A
|
-0.17
-13%
|
-0.1
+41%
|
0
N/A
|
0.08
N/A
|
0.1
+25%
|
-0.19
N/A
|
-0.11
+42%
|
-0.01
+91%
|
0.05
N/A
|
0.25
+400%
|
0.28
+12%
|
0.38
+36%
|
0.75
+97%
|
1.04
+39%
|
1.05
+1%
|
1.15
+10%
|
0.81
-30%
|
0.61
-25%
|
0.67
+10%
|
0.8
+19%
|
0.81
+1%
|
0.34
-58%
|
0.15
-56%
|