Think Research Corporation
XTSX:THNK
Income Statement
Earnings Waterfall
Think Research Corporation
Income Statement
Think Research Corporation
| Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue |
32
N/A
|
48
+48%
|
60
+25%
|
68
+14%
|
76
+12%
|
79
+3%
|
80
+2%
|
84
+5%
|
85
+1%
|
|
| Gross Profit | ||||||||||
| Cost of Revenue |
(15)
|
(23)
|
(31)
|
(36)
|
(40)
|
(41)
|
(41)
|
(42)
|
(43)
|
|
| Gross Profit |
17
N/A
|
24
+45%
|
28
+15%
|
32
+13%
|
36
+14%
|
37
+3%
|
40
+6%
|
42
+6%
|
42
+0%
|
|
| Operating Income | ||||||||||
| Operating Expenses |
(38)
|
(46)
|
(51)
|
(57)
|
(60)
|
(57)
|
(57)
|
(55)
|
(55)
|
|
| Selling, General & Administrative |
(27)
|
(32)
|
(34)
|
(37)
|
(38)
|
(36)
|
(36)
|
(34)
|
(34)
|
|
| Research & Development |
(5)
|
(7)
|
(7)
|
(7)
|
(8)
|
(7)
|
(7)
|
(7)
|
(8)
|
|
| Depreciation & Amortization |
(4)
|
(8)
|
(11)
|
(13)
|
(15)
|
(14)
|
(14)
|
(14)
|
(13)
|
|
| Operating Income |
(21)
N/A
|
(22)
-5%
|
(23)
-5%
|
(25)
-11%
|
(24)
+7%
|
(20)
+16%
|
(17)
+12%
|
(13)
+25%
|
(13)
+2%
|
|
| Pre-Tax Income | ||||||||||
| Interest Income Expense |
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(5)
|
|
| Non-Reccuring Items |
(10)
|
(6)
|
(7)
|
(7)
|
(4)
|
(5)
|
(4)
|
(3)
|
(0)
|
|
| Total Other Income |
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Pre-Tax Income |
(35)
N/A
|
(31)
+12%
|
(33)
-7%
|
(35)
-9%
|
(31)
+11%
|
(28)
+11%
|
(25)
+11%
|
(20)
+20%
|
(18)
+10%
|
|
| Net Income | ||||||||||
| Tax Provision |
(0)
|
1
|
2
|
3
|
4
|
2
|
2
|
2
|
3
|
|
| Income from Continuing Operations |
(35)
|
(29)
|
(30)
|
(32)
|
(28)
|
(26)
|
(23)
|
(18)
|
(15)
|
|
| Net Income (Common) |
(35)
N/A
|
(29)
+16%
|
(30)
-4%
|
(32)
-6%
|
(28)
+14%
|
(26)
+7%
|
(23)
+10%
|
(18)
+22%
|
(15)
+15%
|
|
| EPS (Diluted) |
-0.75
N/A
|
-0.62
+17%
|
-0.51
+18%
|
-0.54
-6%
|
-0.47
+13%
|
-0.42
+11%
|
-0.3
+29%
|
-0.23
+23%
|
-0.21
+9%
|
|