TIER 1 Technology, S.A. (BME: TR1)

TIER 1 Technology 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	Dec 31, 2023	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	21.82	21.82	18.3	17.08	12.87	10.01
Revenue Growth (YoY)	19.21%	19.21%	7.12%	32.77%	28.57%	-7.87%
Cost of Revenue	16.84	16.84	14.48	13.25	10.26	7.48
Gross Profit	4.97	4.97	3.82	3.84	2.6	2.53
Selling, General & Admin	-	-	0.71	0.52	0.37	0.3
Other Operating Expenses	1.91	1.91	1.26	1.09	0.79	1
Operating Expenses	2.82	2.82	2.82	2.33	1.48	1.59
Operating Income	2.15	2.15	1	1.5	1.13	0.93
Interest Expense	-0.04	-0.04	-0.02	-0.02	-0	-0.01
Interest & Investment Income	0.02	0.02	0	0	0	0
Earnings From Equity Investments	-0.02	-0.02	-	-	0.01	0
Currency Exchange Gain (Loss)	-0.01	-0.01	0.01	-0	-0	-0
Other Non Operating Income (Expenses)	-0.02	-0.02	-0.02	-0.03	-0.02	-0.03
EBT Excluding Unusual Items	2.08	2.08	0.96	1.46	1.11	0.89
Other Unusual Items	0.09	0.09	0.04	0.02	0	0
Pretax Income	2.17	2.17	1.01	1.48	1.12	0.89
Income Tax Expense	0.36	0.36	0.1	0.18	0.21	0.15
Earnings From Continuing Operations	1.81	1.81	0.91	1.29	0.91	0.74
Net Income to Company	-	1.81	0.91	1.29	0.91	0.74
Minority Interest in Earnings	-0.1	-0.1	-0.02	-0.09	-0.06	-0.1
Net Income	1.71	1.71	0.89	1.2	0.85	0.64
Net Income to Common	1.71	1.71	0.89	1.2	0.85	0.64
Net Income Growth	91.46%	91.46%	-26.02%	41.96%	32.33%	-13.52%
Shares Outstanding (Basic)	10	10	10	10	10	10
Shares Outstanding (Diluted)	10	10	10	10	10	10
Shares Change (YoY)	-0.09%	-0.09%	-0.87%	0.96%	-0.74%	-0.22%
EPS (Basic)	0.17	0.17	0.09	0.12	0.09	0.07
EPS (Diluted)	0.17	0.17	0.09	0.12	0.09	0.07
EPS Growth	91.64%	91.64%	-25.38%	40.61%	33.31%	-13.34%
Free Cash Flow	3.81	3.81	0.04	2	1.63	0.79
Free Cash Flow Per Share	0.39	0.39	0.00	0.20	0.17	0.08
Dividend Per Share	0.078	0.078	0.031	-	-	-
Dividend Growth	154.09%	154.09%	-	-	-	-
Gross Margin	22.80%	22.80%	20.88%	22.46%	20.24%	25.25%
Operating Margin	9.86%	9.86%	5.45%	8.81%	8.76%	9.32%
Profit Margin	7.82%	7.82%	4.87%	7.05%	6.60%	6.41%
Free Cash Flow Margin	17.46%	17.46%	0.21%	11.68%	12.70%	7.91%
EBITDA	2.31	2.31	1.15	1.61	1.15	0.96
EBITDA Margin	10.61%	10.61%	6.28%	9.45%	8.97%	9.59%
D&A For EBITDA	0.16	0.16	0.15	0.11	0.03	0.03
EBIT	2.15	2.15	1	1.5	1.13	0.93
EBIT Margin	9.86%	9.86%	5.45%	8.81%	8.76%	9.32%
Effective Tax Rate	16.57%	16.57%	9.60%	12.37%	18.59%	16.91%
Revenue as Reported	21.82	21.82	18.3	17.08	12.87	10.01
Advertising Expenses	0.26	0.26	0.21	0.1	0.06	0.12

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