Rath AG
VSE:RAT
Income Statement
Earnings Waterfall
Rath AG
Income Statement
Rath AG
| Jun-2020 | Dec-2020 | Jun-2021 | Dec-2021 | Jun-2022 | Dec-2022 | Jun-2023 | Dec-2023 | Jun-2024 | Dec-2024 | Jun-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||
| Interest Expense |
1
|
1
|
1
|
1
|
1
|
1
|
2
|
2
|
2
|
2
|
0
|
|
| Revenue |
95
N/A
|
86
-9%
|
86
0%
|
98
+13%
|
107
+10%
|
118
+10%
|
123
+5%
|
122
-1%
|
117
-4%
|
111
-5%
|
101
-9%
|
|
| Gross Profit | ||||||||||||
| Cost of Revenue |
(42)
|
(40)
|
(37)
|
(44)
|
(54)
|
(58)
|
(58)
|
(56)
|
(55)
|
(52)
|
(47)
|
|
| Gross Profit |
53
N/A
|
47
-12%
|
50
+6%
|
53
+8%
|
53
0%
|
59
+11%
|
66
+11%
|
66
+1%
|
63
-5%
|
59
-5%
|
54
-8%
|
|
| Operating Income | ||||||||||||
| Operating Expenses |
(49)
|
(45)
|
(46)
|
(48)
|
(50)
|
(54)
|
(56)
|
(56)
|
(59)
|
(59)
|
(56)
|
|
| Selling, General & Administrative |
(32)
|
(30)
|
(31)
|
(32)
|
(33)
|
(35)
|
(38)
|
(38)
|
(39)
|
(40)
|
(38)
|
|
| Depreciation & Amortization |
(7)
|
(7)
|
(7)
|
(6)
|
(6)
|
(7)
|
(6)
|
(6)
|
(6)
|
(7)
|
(7)
|
|
| Other Operating Expenses |
(10)
|
(9)
|
(8)
|
(9)
|
(10)
|
(12)
|
(12)
|
(12)
|
(14)
|
(13)
|
(11)
|
|
| Operating Income |
4
N/A
|
2
-63%
|
3
+107%
|
5
+57%
|
3
-41%
|
5
+67%
|
9
+82%
|
10
+8%
|
3
-67%
|
(0)
N/A
|
(2)
-987%
|
|
| Pre-Tax Income | ||||||||||||
| Interest Income Expense |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
|
| Non-Reccuring Items |
0
|
(0)
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
(0)
|
(3)
|
(2)
|
2
|
3
|
1
|
(1)
|
(1)
|
(1)
|
1
|
(1)
|
|
| Pre-Tax Income |
3
N/A
|
(3)
N/A
|
1
N/A
|
6
+1 137%
|
5
-24%
|
5
+5%
|
7
+38%
|
8
+8%
|
1
-92%
|
(1)
N/A
|
(5)
-272%
|
|
| Net Income | ||||||||||||
| Tax Provision |
(2)
|
0
|
0
|
(2)
|
(2)
|
(1)
|
(2)
|
(2)
|
(1)
|
(0)
|
(0)
|
|
| Income from Continuing Operations |
2
|
(2)
|
1
|
4
|
3
|
4
|
6
|
5
|
(0)
|
(1)
|
(5)
|
|
| Income to Minority Interest |
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Net Income (Common) |
2
N/A
|
(2)
N/A
|
1
N/A
|
4
+705%
|
3
-35%
|
4
+50%
|
6
+31%
|
5
-5%
|
(0)
N/A
|
(1)
-1 032%
|
(5)
-269%
|
|
| EPS (Diluted) |
1.09
N/A
|
-1.66
N/A
|
0.36
N/A
|
2.88
+700%
|
1.88
-35%
|
2.81
+49%
|
3.7
+32%
|
3.51
-5%
|
-0.08
N/A
|
-0.93
-1 063%
|
-3.42
-268%
|
|