Think Research Corporation
XTSX:THNK
Income Statement
Earnings Waterfall
Think Research Corporation
Revenue
|
85.1m
CAD
|
Cost of Revenue
|
-43.1m
CAD
|
Gross Profit
|
42m
CAD
|
Operating Expenses
|
-54.8m
CAD
|
Operating Income
|
-12.8m
CAD
|
Other Expenses
|
-2.5m
CAD
|
Net Income
|
-15.3m
CAD
|
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%
|