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

Innovatec Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	233.81	219.9	287.43	139.75	23.8	43.07
Other Revenue	9.48	8.22	2.91	1.78	4.06	2.85
Revenue	243.28	228.11	290.34	141.53	27.86	45.91
Revenue Growth (YoY)	9.58%	-21.43%	105.14%	408.06%	-39.32%	48.05%
Cost of Revenue	171.24	160.92	229.34	90.18	21.16	32.59
Gross Profit	72.05	67.19	61	51.35	6.7	13.32
Selling, General & Admin	38.34	36.84	26.64	16.78	2.33	1.43
Other Operating Expenses	2.08	3.38	4.61	8.17	0.63	1.89
Operating Expenses	58.25	55.01	42.16	40.3	3.31	5.43
Operating Income	13.8	12.18	18.84	11.05	3.39	7.9
Interest Expense	-5.83	-4.81	-2.58	-0.42	-0.01	-0
Interest & Investment Income	0.05	0.06	0.06	0	0.26	0.33
Earnings From Equity Investments	0.09	0.52	0	-	0	0.01
Currency Exchange Gain (Loss)	-0.01	-0.01	-	0	-	-
Other Non Operating Income (Expenses)	-2.46	-3.93	0.93	0.92	-0.47	-0.33
EBT Excluding Unusual Items	5.66	4.01	17.25	11.55	3.17	7.91
Gain (Loss) on Sale of Investments	-0.59	-0.84	-0.33	0.01	-0.99	-0.43
Gain (Loss) on Sale of Assets	-	-	-	-0.22	-	-
Asset Writedown	-0.2	-0.2	-0.16	-	-	-
Other Unusual Items	-	-	-	-0.64	-0.7	-1.82
Pretax Income	4.87	2.97	16.76	10.7	1.48	5.66
Income Tax Expense	2.72	2.76	5.26	3.97	0.81	0.58
Earnings From Continuing Operations	2.14	0.21	11.51	6.73	0.67	5.09
Minority Interest in Earnings	-0.78	-0.15	-0.86	-0.36	0	-0
Net Income	1.37	0.06	10.65	6.37	0.67	5.09
Net Income to Common	1.37	0.06	10.65	6.37	0.67	5.09
Net Income Growth	-	-99.41%	67.18%	846.07%	-86.76%	-69.40%
Shares Outstanding (Basic)	96	96	96	93	86	68
Shares Outstanding (Diluted)	96	96	96	93	86	68
Shares Change (YoY)	-	-	3.62%	7.62%	26.54%	3.16%
EPS (Basic)	0.01	0.00	0.11	0.07	0.01	0.07
EPS (Diluted)	0.01	0.00	0.11	0.07	0.01	0.07
EPS Growth	-	-99.41%	61.34%	779.15%	-89.54%	-70.33%
Free Cash Flow	7.6	-6.19	-11.41	18.55	3.71	9.96
Free Cash Flow Per Share	0.08	-0.06	-0.12	0.20	0.04	0.15
Gross Margin	29.62%	29.45%	21.01%	36.28%	24.04%	29.02%
Operating Margin	5.67%	5.34%	6.49%	7.81%	12.17%	17.20%
Profit Margin	0.56%	0.03%	3.67%	4.50%	2.42%	11.08%
Free Cash Flow Margin	3.12%	-2.71%	-3.93%	13.11%	13.33%	21.70%
EBITDA	30.97	26.32	29.25	26.08	3.74	9.92
EBITDA Margin	12.73%	11.54%	10.07%	18.42%	13.41%	21.60%
D&A For EBITDA	17.17	14.14	10.41	15.03	0.35	2.02
EBIT	13.8	12.18	18.84	11.05	3.39	7.9
EBIT Margin	5.67%	5.34%	6.49%	7.81%	12.17%	17.20%
Effective Tax Rate	55.93%	92.94%	31.36%	37.12%	54.56%	10.18%
Revenue as Reported	230.61	215.47	289.21	144.61	28.39	46.12

Source: S&P Capital IQ. Standard template. Financial Sources.