Test Research Inc
TWSE:3030
Income Statement
Earnings Waterfall
Test Research Inc
Income Statement
Test Research Inc
| Dec-2008 | Mar-2009 | Jun-2009 | Sep-2009 | Dec-2009 | Mar-2010 | Jun-2010 | Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | 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 | 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 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
5
|
5
|
4
|
0
|
1
|
1
|
1
|
2
|
2
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
2
|
2
|
1
|
1
|
1
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
3
|
3
|
3
|
3
|
3
|
3
|
3
|
3
|
3
|
3
|
3
|
|
| Revenue |
2 088
N/A
|
1 882
-10%
|
1 478
-21%
|
1 374
-7%
|
1 711
+24%
|
2 315
+35%
|
3 156
+36%
|
3 715
+18%
|
3 756
+1%
|
4 099
+9%
|
3 873
-6%
|
3 962
+2%
|
3 898
-2%
|
3 773
-3%
|
4 137
+10%
|
5 079
+23%
|
5 538
+9%
|
5 163
-7%
|
4 674
-9%
|
4 164
-11%
|
4 084
-2%
|
4 076
0%
|
4 375
+7%
|
5 851
+34%
|
5 870
+0%
|
6 374
+9%
|
6 474
+2%
|
4 961
-23%
|
4 754
-4%
|
4 322
-9%
|
4 013
-7%
|
3 155
-21%
|
3 100
-2%
|
3 131
+1%
|
3 017
-4%
|
3 397
+13%
|
3 601
+6%
|
3 915
+9%
|
4 616
+18%
|
4 752
+3%
|
4 919
+4%
|
4 831
-2%
|
4 466
-8%
|
4 261
-5%
|
4 387
+3%
|
4 573
+4%
|
4 840
+6%
|
5 156
+7%
|
4 951
-4%
|
5 136
+4%
|
5 202
+1%
|
5 228
+1%
|
5 607
+7%
|
6 180
+10%
|
6 467
+5%
|
6 620
+2%
|
6 709
+1%
|
5 955
-11%
|
5 051
-15%
|
4 540
-10%
|
4 435
-2%
|
4 779
+8%
|
5 570
+17%
|
6 169
+11%
|
6 356
+3%
|
6 786
+7%
|
7 437
+10%
|
7 878
+6%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(950)
|
(877)
|
(694)
|
(655)
|
(807)
|
(1 073)
|
(1 460)
|
(1 679)
|
(1 684)
|
(1 825)
|
(1 714)
|
(1 798)
|
(1 777)
|
(1 750)
|
(1 952)
|
(2 314)
|
(2 489)
|
(2 289)
|
(2 050)
|
(1 986)
|
(2 028)
|
(2 057)
|
(2 262)
|
(3 220)
|
(3 179)
|
(3 385)
|
(3 354)
|
(2 320)
|
(2 220)
|
(2 015)
|
(1 851)
|
(1 413)
|
(1 404)
|
(1 451)
|
(1 427)
|
(1 605)
|
(1 694)
|
(1 828)
|
(2 163)
|
(2 232)
|
(2 290)
|
(2 209)
|
(1 987)
|
(1 845)
|
(1 897)
|
(1 999)
|
(2 130)
|
(2 301)
|
(2 235)
|
(2 331)
|
(2 377)
|
(2 401)
|
(2 559)
|
(2 754)
|
(2 860)
|
(2 885)
|
(2 860)
|
(2 510)
|
(2 090)
|
(1 844)
|
(1 804)
|
(1 957)
|
(2 281)
|
(2 528)
|
(2 572)
|
(2 785)
|
(3 050)
|
(3 281)
|
|
| Gross Profit |
1 138
N/A
|
1 005
-12%
|
785
-22%
|
719
-8%
|
904
+26%
|
1 242
+37%
|
1 696
+36%
|
2 037
+20%
|
2 073
+2%
|
2 274
+10%
|
2 159
-5%
|
2 164
+0%
|
2 121
-2%
|
2 024
-5%
|
2 186
+8%
|
2 765
+26%
|
3 050
+10%
|
2 874
-6%
|
2 624
-9%
|
2 178
-17%
|
2 056
-6%
|
2 019
-2%
|
2 113
+5%
|
2 631
+24%
|
2 691
+2%
|
2 989
+11%
|
3 121
+4%
|
2 641
-15%
|
2 535
-4%
|
2 307
-9%
|
2 161
-6%
|
1 742
-19%
|
1 695
-3%
|
1 680
-1%
|
1 590
-5%
|
1 793
+13%
|
1 908
+6%
|
2 087
+9%
|
2 453
+18%
|
2 520
+3%
|
2 629
+4%
|
2 623
0%
|
2 479
-5%
|
2 417
-3%
|
2 490
+3%
|
2 574
+3%
|
2 711
+5%
|
2 855
+5%
|
2 715
-5%
|
2 805
+3%
|
2 825
+1%
|
2 827
+0%
|
3 048
+8%
|
3 426
+12%
|
3 607
+5%
|
3 735
+4%
|
3 849
+3%
|
3 444
-11%
|
2 961
-14%
|
2 696
-9%
|
2 631
-2%
|
2 822
+7%
|
3 289
+17%
|
3 641
+11%
|
3 784
+4%
|
4 001
+6%
|
4 386
+10%
|
4 597
+5%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(691)
|
(688)
|
(643)
|
(643)
|
(682)
|
(771)
|
(874)
|
(930)
|
(949)
|
(974)
|
(961)
|
(1 005)
|
(996)
|
(981)
|
(1 042)
|
(1 122)
|
(1 207)
|
(1 244)
|
(1 193)
|
(1 131)
|
(1 143)
|
(1 138)
|
(1 180)
|
(1 298)
|
(1 335)
|
(1 359)
|
(1 418)
|
(1 378)
|
(1 384)
|
(1 376)
|
(1 321)
|
(1 222)
|
(1 151)
|
(1 118)
|
(1 100)
|
(1 116)
|
(1 150)
|
(1 201)
|
(1 286)
|
(1 334)
|
(1 360)
|
(1 349)
|
(1 308)
|
(1 271)
|
(1 293)
|
(1 335)
|
(1 316)
|
(1 328)
|
(1 278)
|
(1 300)
|
(1 349)
|
(1 387)
|
(1 490)
|
(1 572)
|
(1 635)
|
(1 717)
|
(1 695)
|
(1 624)
|
(1 532)
|
(1 444)
|
(1 422)
|
(1 471)
|
(1 599)
|
(1 677)
|
(1 755)
|
(1 792)
|
(1 772)
|
(1 842)
|
|
| Selling, General & Administrative |
(524)
|
(513)
|
(487)
|
(490)
|
(515)
|
(582)
|
(662)
|
(712)
|
(730)
|
(752)
|
(740)
|
(775)
|
(757)
|
(736)
|
(776)
|
(815)
|
(880)
|
(907)
|
(858)
|
(811)
|
(802)
|
(802)
|
(828)
|
(907)
|
(957)
|
(971)
|
(1 026)
|
(1 007)
|
(1 005)
|
(991)
|
(940)
|
(868)
|
(825)
|
(808)
|
(798)
|
(822)
|
(836)
|
(870)
|
(940)
|
(967)
|
(980)
|
(970)
|
(921)
|
(867)
|
(871)
|
(880)
|
(872)
|
(912)
|
(887)
|
(906)
|
(937)
|
(936)
|
(993)
|
(1 046)
|
(1 098)
|
(1 167)
|
(1 160)
|
(1 124)
|
(1 054)
|
(1 001)
|
(994)
|
(1 016)
|
(1 099)
|
(1 137)
|
(1 182)
|
(1 214)
|
(1 205)
|
(1 248)
|
|
| Research & Development |
(167)
|
(176)
|
(157)
|
(154)
|
(167)
|
(190)
|
(211)
|
(218)
|
(219)
|
(223)
|
(221)
|
(230)
|
(239)
|
(245)
|
(266)
|
(307)
|
(326)
|
(337)
|
(335)
|
(320)
|
(342)
|
(336)
|
(351)
|
(391)
|
(378)
|
(388)
|
(393)
|
(370)
|
(379)
|
(385)
|
(380)
|
(354)
|
(326)
|
(309)
|
(302)
|
(294)
|
(314)
|
(331)
|
(346)
|
(368)
|
(380)
|
(379)
|
(388)
|
(405)
|
(423)
|
(455)
|
(444)
|
(416)
|
(391)
|
(302)
|
(320)
|
(360)
|
(497)
|
(526)
|
(537)
|
(551)
|
(535)
|
(500)
|
(478)
|
(443)
|
(428)
|
(455)
|
(500)
|
(539)
|
(573)
|
(578)
|
(567)
|
(594)
|
|
| 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
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(92)
|
(92)
|
(92)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Operating Income |
447
N/A
|
317
-29%
|
142
-55%
|
76
-47%
|
222
+194%
|
471
+112%
|
822
+75%
|
1 106
+35%
|
1 123
+2%
|
1 300
+16%
|
1 198
-8%
|
1 159
-3%
|
1 124
-3%
|
1 043
-7%
|
1 144
+10%
|
1 643
+44%
|
1 843
+12%
|
1 630
-12%
|
1 430
-12%
|
1 048
-27%
|
913
-13%
|
881
-3%
|
934
+6%
|
1 333
+43%
|
1 356
+2%
|
1 631
+20%
|
1 702
+4%
|
1 263
-26%
|
1 151
-9%
|
931
-19%
|
840
-10%
|
521
-38%
|
545
+5%
|
563
+3%
|
490
-13%
|
677
+38%
|
758
+12%
|
886
+17%
|
1 166
+32%
|
1 185
+2%
|
1 270
+7%
|
1 274
+0%
|
1 170
-8%
|
1 145
-2%
|
1 197
+4%
|
1 239
+4%
|
1 395
+13%
|
1 527
+9%
|
1 437
-6%
|
1 505
+5%
|
1 476
-2%
|
1 440
-2%
|
1 558
+8%
|
1 854
+19%
|
1 972
+6%
|
2 018
+2%
|
2 153
+7%
|
1 820
-15%
|
1 429
-21%
|
1 252
-12%
|
1 208
-4%
|
1 351
+12%
|
1 690
+25%
|
1 964
+16%
|
2 029
+3%
|
2 209
+9%
|
2 614
+18%
|
2 755
+5%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
43
|
91
|
85
|
16
|
(7)
|
(23)
|
2
|
(29)
|
(94)
|
(86)
|
(118)
|
8
|
64
|
47
|
82
|
(41)
|
(35)
|
7
|
1
|
30
|
48
|
36
|
7
|
59
|
103
|
77
|
85
|
146
|
82
|
88
|
91
|
(47)
|
(20)
|
(79)
|
(59)
|
(20)
|
(49)
|
(3)
|
43
|
24
|
53
|
91
|
32
|
18
|
(45)
|
(61)
|
(98)
|
(101)
|
(90)
|
(101)
|
(102)
|
(69)
|
(31)
|
57
|
174
|
338
|
271
|
170
|
132
|
23
|
24
|
107
|
103
|
(11)
|
120
|
82
|
(271)
|
(104)
|
|
| Gain/Loss on Disposition of Assets |
5
|
4
|
(1)
|
(0)
|
(0)
|
(0)
|
1
|
1
|
(5)
|
(5)
|
(5)
|
(6)
|
(2)
|
(3)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
1
|
1
|
1
|
2
|
3
|
1
|
0
|
(1)
|
(1)
|
(4)
|
(4)
|
(2)
|
(1)
|
3
|
2
|
1
|
(1)
|
(1)
|
3
|
2
|
3
|
1
|
3
|
4
|
5
|
5
|
3
|
5
|
7
|
5
|
6
|
3
|
4
|
3
|
2
|
2
|
8
|
8
|
18
|
17
|
14
|
15
|
8
|
18
|
16
|
23
|
32
|
32
|
|
| Total Other Income |
6
|
5
|
7
|
8
|
9
|
9
|
9
|
10
|
12
|
15
|
13
|
11
|
5
|
4
|
5
|
6
|
10
|
15
|
17
|
24
|
19
|
18
|
14
|
15
|
15
|
11
|
15
|
8
|
15
|
12
|
9
|
9
|
8
|
8
|
9
|
8
|
8
|
8
|
8
|
8
|
9
|
9
|
9
|
10
|
5
|
11
|
14
|
16
|
19
|
19
|
19
|
21
|
26
|
26
|
29
|
31
|
22
|
22
|
17
|
12
|
9
|
7
|
7
|
10
|
13
|
17
|
17
|
20
|
|
| Pre-Tax Income |
502
N/A
|
417
-17%
|
232
-44%
|
99
-57%
|
224
+126%
|
456
+103%
|
833
+83%
|
1 088
+31%
|
1 037
-5%
|
1 223
+18%
|
1 088
-11%
|
1 173
+8%
|
1 191
+2%
|
1 091
-8%
|
1 228
+13%
|
1 607
+31%
|
1 817
+13%
|
1 652
-9%
|
1 448
-12%
|
1 102
-24%
|
980
-11%
|
936
-4%
|
957
+2%
|
1 410
+47%
|
1 477
+5%
|
1 720
+16%
|
1 802
+5%
|
1 415
-21%
|
1 246
-12%
|
1 028
-18%
|
937
-9%
|
480
-49%
|
531
+11%
|
495
-7%
|
441
-11%
|
665
+51%
|
716
+8%
|
890
+24%
|
1 221
+37%
|
1 220
0%
|
1 334
+9%
|
1 375
+3%
|
1 214
-12%
|
1 177
-3%
|
1 161
-1%
|
1 193
+3%
|
1 313
+10%
|
1 447
+10%
|
1 373
-5%
|
1 429
+4%
|
1 398
-2%
|
1 395
0%
|
1 558
+12%
|
1 941
+25%
|
2 178
+12%
|
2 389
+10%
|
2 454
+3%
|
2 019
-18%
|
1 597
-21%
|
1 304
-18%
|
1 255
-4%
|
1 480
+18%
|
1 808
+22%
|
1 981
+10%
|
2 178
+10%
|
2 330
+7%
|
2 392
+3%
|
2 703
+13%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(32)
|
(25)
|
(24)
|
5
|
(28)
|
(47)
|
(103)
|
(148)
|
(130)
|
(194)
|
(197)
|
(211)
|
(227)
|
(211)
|
(247)
|
(347)
|
(384)
|
(357)
|
(305)
|
(207)
|
(174)
|
(140)
|
(126)
|
(203)
|
(216)
|
(268)
|
(305)
|
(264)
|
(247)
|
(206)
|
(185)
|
(91)
|
(102)
|
(95)
|
(71)
|
(113)
|
(121)
|
(157)
|
(234)
|
(243)
|
(270)
|
(287)
|
(253)
|
(238)
|
(222)
|
(223)
|
(252)
|
(289)
|
(281)
|
(311)
|
(305)
|
(324)
|
(372)
|
(461)
|
(521)
|
(534)
|
(532)
|
(417)
|
(313)
|
(261)
|
(254)
|
(295)
|
(363)
|
(392)
|
(341)
|
(370)
|
(377)
|
(383)
|
|
| Income from Continuing Operations |
470
|
391
|
208
|
104
|
196
|
410
|
730
|
940
|
906
|
1 029
|
891
|
962
|
964
|
880
|
982
|
1 260
|
1 433
|
1 295
|
1 143
|
895
|
806
|
796
|
830
|
1 207
|
1 260
|
1 452
|
1 497
|
1 152
|
999
|
821
|
752
|
389
|
429
|
400
|
370
|
552
|
595
|
734
|
987
|
976
|
1 064
|
1 088
|
961
|
939
|
939
|
970
|
1 061
|
1 157
|
1 093
|
1 118
|
1 093
|
1 071
|
1 185
|
1 480
|
1 657
|
1 855
|
1 921
|
1 602
|
1 283
|
1 043
|
1 001
|
1 186
|
1 446
|
1 588
|
1 837
|
1 959
|
2 014
|
2 319
|
|
| Net Income (Common) |
470
N/A
|
391
-17%
|
208
-47%
|
104
-50%
|
196
+89%
|
410
+109%
|
730
+78%
|
940
+29%
|
906
-4%
|
1 029
+14%
|
891
-13%
|
962
+8%
|
964
+0%
|
880
-9%
|
982
+12%
|
1 260
+28%
|
1 433
+14%
|
1 295
-10%
|
1 143
-12%
|
895
-22%
|
806
-10%
|
796
-1%
|
830
+4%
|
1 207
+45%
|
1 260
+4%
|
1 452
+15%
|
1 497
+3%
|
1 152
-23%
|
999
-13%
|
821
-18%
|
752
-8%
|
389
-48%
|
429
+10%
|
400
-7%
|
370
-7%
|
552
+49%
|
595
+8%
|
734
+23%
|
987
+34%
|
976
-1%
|
1 064
+9%
|
1 088
+2%
|
961
-12%
|
939
-2%
|
939
0%
|
970
+3%
|
1 061
+9%
|
1 157
+9%
|
1 093
-6%
|
1 118
+2%
|
1 093
-2%
|
1 071
-2%
|
1 185
+11%
|
1 480
+25%
|
1 657
+12%
|
1 855
+12%
|
1 921
+4%
|
1 602
-17%
|
1 283
-20%
|
1 043
-19%
|
1 001
-4%
|
1 186
+18%
|
1 446
+22%
|
1 588
+10%
|
1 837
+16%
|
1 959
+7%
|
2 014
+3%
|
2 319
+15%
|
|
| EPS (Diluted) |
1.99
N/A
|
1.65
-17%
|
0.88
-47%
|
0.43
-51%
|
0.83
+93%
|
1.73
+108%
|
3.09
+79%
|
3.98
+29%
|
3.82
-4%
|
4.35
+14%
|
3.76
-14%
|
4.04
+7%
|
4.05
+0%
|
3.71
-8%
|
4.14
+12%
|
5.31
+28%
|
6.04
+14%
|
5.46
-10%
|
4.83
-12%
|
3.78
-22%
|
3.4
-10%
|
3.37
-1%
|
3.51
+4%
|
5.1
+45%
|
5.31
+4%
|
6.14
+16%
|
6.33
+3%
|
4.86
-23%
|
4.21
-13%
|
3.47
-18%
|
3.18
-8%
|
1.64
-48%
|
1.81
+10%
|
1.69
-7%
|
1.56
-8%
|
2.33
+49%
|
2.51
+8%
|
3.1
+24%
|
4.17
+35%
|
4.13
-1%
|
4.48
+8%
|
4.59
+2%
|
4.06
-12%
|
3.96
-2%
|
3.96
N/A
|
4.1
+4%
|
4.48
+9%
|
4.89
+9%
|
4.62
-6%
|
4.73
+2%
|
4.62
-2%
|
4.53
-2%
|
5.01
+11%
|
6.25
+25%
|
7.01
+12%
|
7.84
+12%
|
8.11
+3%
|
6.77
-17%
|
5.42
-20%
|
4.41
-19%
|
4.23
-4%
|
5.01
+18%
|
6.11
+22%
|
6.71
+10%
|
7.76
+16%
|
8.28
+7%
|
8.51
+3%
|
9.8
+15%
|
|