Innovatec S.p.A. (BIT:INC)

Innovatec Income Statement

Financials in millions EUR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	125.99	219.23	219.9	287.43	139.75	23.8
Other Revenue	0.91	5.16	8.22	2.91	1.78	4.06
Revenue	126.9	224.39	228.11	290.34	141.53	27.86
Revenue Growth (YoY)	-47.84%	-1.63%	-21.43%	105.14%	408.06%	-39.32%
Cost of Revenue	83.89	149.44	160.92	229.34	90.18	21.16
Gross Profit	43.01	74.95	67.19	61	51.35	6.7
Selling, General & Admin	23.14	36.67	31.87	26.64	16.78	2.33
Amortization of Goodwill & Intangibles	4.78	6.95	5.32	5.3	4.2	0.35
Other Operating Expenses	4.84	8.54	4.89	4.61	8.17	0.63
Operating Expenses	48.13	75.1	51.55	42.16	40.3	3.31
Operating Income	-5.12	-0.14	15.64	18.84	11.05	3.39
Interest Expense	-3.11	-5.53	-4.99	-2.58	-0.42	-0.01
Interest & Investment Income	0.02	0.03	0.06	0.06	0	0.26
Earnings From Equity Investments	0.17	0	0.52	0	-	0
Currency Exchange Gain (Loss)	-0	-0	-0.01	-	0	-
Other Non Operating Income (Expenses)	-0.73	-0.87	-3.78	0.93	0.92	-0.47
EBT Excluding Unusual Items	-8.78	-6.52	7.44	17.25	11.55	3.17
Gain (Loss) on Sale of Investments	-0.13	-0.47	-0.81	-0.33	0.01	-0.99
Gain (Loss) on Sale of Assets	-0.32	-0.32	-	-	-0.22	-
Asset Writedown	-0.17	-0.17	-0.2	-0.16	-	-
Other Unusual Items	-1.07	-1.07	-3.46	-	-0.64	-0.7
Pretax Income	-10.46	-8.54	2.97	16.76	10.7	1.48
Income Tax Expense	-0.92	0.5	2.76	5.26	3.97	0.81
Earnings From Continuing Operations	-9.54	-9.03	0.21	11.51	6.73	0.67
Minority Interest in Earnings	0.22	-1.13	-0.15	-0.86	-0.36	0
Net Income	-9.32	-10.16	0.06	10.65	6.37	0.67
Net Income to Common	-9.32	-10.16	0.06	10.65	6.37	0.67
Net Income Growth	-	-	-99.41%	67.18%	846.07%	-86.76%
Shares Outstanding (Basic)	-	96	96	96	93	86
Shares Outstanding (Diluted)	-	96	96	96	93	86
Shares Change (YoY)	-	0.00%	-	3.62%	7.61%	26.54%
EPS (Basic)	-	-0.11	0.00	0.11	0.07	0.01
EPS (Diluted)	-	-0.11	0.00	0.11	0.07	0.01
EPS Growth	-	-	-99.41%	61.34%	779.15%	-89.54%
Free Cash Flow	-10	5.32	-6.19	-11.41	18.55	3.71
Free Cash Flow Per Share	-	0.06	-0.06	-0.12	0.20	0.04
Gross Margin	33.89%	33.40%	29.45%	21.01%	36.28%	24.04%
Operating Margin	-4.04%	-0.06%	6.86%	6.49%	7.81%	12.17%
Profit Margin	-7.34%	-4.53%	0.03%	3.67%	4.50%	2.42%
Free Cash Flow Margin	-7.88%	2.37%	-2.71%	-3.93%	13.11%	13.33%
EBITDA	11.42	26.04	29.78	29.25	26.08	3.74
EBITDA Margin	9.00%	11.60%	13.05%	10.07%	18.42%	13.41%
D&A For EBITDA	16.54	26.18	14.14	10.41	15.03	0.35
EBIT	-5.12	-0.14	15.64	18.84	11.05	3.39
EBIT Margin	-4.04%	-0.06%	6.86%	6.49%	7.81%	12.17%
Effective Tax Rate	-	-	92.94%	31.36%	37.12%	54.56%
Revenue as Reported	136.19	232.14	215.47	289.21	144.61	28.39

Source: S&P Global Market Intelligence. Standard template. Financial Sources.