Solborn, Inc. (KOSDAQ: 035610)

Solborn Income Statement

Financials in millions KRW. 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	97,781	92,820	88,993	78,867	71,344	75,129
Other Revenue	31,409	30,563	4,824	21,333	10,695	5,183
Revenue	129,190	123,383	93,816	100,199	82,039	80,312
Revenue Growth (YoY)	22.35%	31.52%	-6.37%	22.14%	2.15%	-4.89%
Cost of Revenue	43,662	40,462	70,885	44,449	37,010	37,809
Gross Profit	85,529	82,921	22,931	55,751	45,029	42,503
Selling, General & Admin	41,439	40,202	36,793	31,154	29,269	30,742
Research & Development	9,054	8,635	8,039	7,378	5,757	6,806
Operating Expenses	54,695	51,100	49,407	41,008	37,877	42,227
Operating Income	30,833	31,821	-26,476	14,743	7,152	275.17
Interest Expense	-132.03	-134.87	-124.97	-115.23	-141.16	-142.89
Interest & Investment Income	2,816	1,881	1,229	781.95	469.59	1,270
Earnings From Equity Investments	1,121	2,157	-5,186	-209.05	633.48	4,179
Currency Exchange Gain (Loss)	1,952	706.1	-491.79	2,055	-1,304	2,130
Other Non Operating Income (Expenses)	123.03	50.33	373.15	2,411	239.73	204.79
EBT Excluding Unusual Items	36,714	36,481	-30,677	19,667	7,049	7,916
Gain (Loss) on Sale of Investments	20,614	17,628	-14,676	14,229	-1,498	238.96
Gain (Loss) on Sale of Assets	-26.02	-5.79	0.46	-1.11	19.92	-24.04
Asset Writedown	-	-	-	-	-122.76	-1,772
Other Unusual Items	-	20.38	8.84	-	1,611	20.01
Pretax Income	57,303	54,123	-45,344	33,895	7,060	6,379
Income Tax Expense	5,505	5,228	-3,427	3,928	1,919	604.34
Earnings From Continuing Operations	51,797	48,895	-41,917	29,967	5,141	5,775
Earnings From Discontinued Operations	-0.01	-0.01	-0.01	-0.01	-0.69	-1.15
Net Income to Company	51,797	48,895	-41,917	29,967	5,140	5,774
Minority Interest in Earnings	-14,658	-10,646	204.86	-12,145	-3,693	-3,995
Net Income	37,140	38,249	-41,712	17,822	1,447	1,779
Net Income to Common	37,140	38,249	-41,712	17,822	1,447	1,779
Net Income Growth	-	-	-	1131.32%	-18.63%	-82.09%
Shares Outstanding (Basic)	22	22	22	22	23	23
Shares Outstanding (Diluted)	22	22	22	22	23	23
Shares Change (YoY)	-0.21%	-0.30%	-0.54%	-0.89%	-0.57%	-0.37%
EPS (Basic)	1664.39	1714.39	-1863.90	792.10	63.76	77.91
EPS (Diluted)	1664.39	1714.39	-1863.90	792.10	63.76	77.91
EPS Growth	-	-	-	1142.34%	-18.17%	-82.03%
Free Cash Flow	10,184	10,555	14,361	15,023	16,567	12,016
Free Cash Flow Per Share	456.39	473.10	641.73	667.69	729.81	526.31
Gross Margin	66.20%	67.21%	24.44%	55.64%	54.89%	52.92%
Operating Margin	23.87%	25.79%	-28.22%	14.71%	8.72%	0.34%
Profit Margin	28.75%	31.00%	-44.46%	17.79%	1.76%	2.21%
Free Cash Flow Margin	7.88%	8.55%	15.31%	14.99%	20.19%	14.96%
EBITDA	33,732	34,612	-23,740	17,262	9,440	3,045
EBITDA Margin	26.11%	28.05%	-25.30%	17.23%	11.51%	3.79%
D&A For EBITDA	2,899	2,791	2,737	2,519	2,288	2,770
EBIT	30,833	31,821	-26,476	14,743	7,152	275.17
EBIT Margin	23.87%	25.79%	-28.22%	14.71%	8.72%	0.34%
Effective Tax Rate	9.61%	9.66%	-	11.59%	27.18%	9.47%
Advertising Expenses	-	2,036	1,695	804.23	820.39	1,969

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