Mgame Corp. (KOSDAQ: 058630)

Mgame 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
Revenue	80,653	81,633	73,654	55,705	42,393	37,631
Revenue Growth (YoY)	-3.57%	10.83%	32.22%	31.40%	12.66%	38.77%
Cost of Revenue	3,402	3,110	367.2	282	135.67	169.05
Gross Profit	77,251	78,524	73,287	55,423	42,257	37,462
Selling, General & Admin	40,560	42,323	31,625	27,576	21,833	20,348
Research & Development	16,631	13,318	10,155	8,203	7,518	7,392
Operating Expenses	59,187	57,176	43,171	35,440	33,263	30,213
Operating Income	18,065	21,347	30,116	19,983	8,994	7,249
Interest Expense	-29.68	-15.95	-5.58	-21.02	-35.99	-60.82
Interest & Investment Income	2,903	2,705	837.15	904.41	258.96	119.27
Earnings From Equity Investments	-911.11	-	-	-	-	-
Currency Exchange Gain (Loss)	1,022	-229.55	451.51	869.86	-1,164	378.62
Other Non Operating Income (Expenses)	2,674	7.51	16.62	71.63	21.17	28.43
EBT Excluding Unusual Items	23,723	23,814	31,415	21,808	8,074	7,714
Gain (Loss) on Sale of Investments	1,824	1,741	-217.83	49.52	365.45	-32.92
Gain (Loss) on Sale of Assets	-4.32	13.74	-121.22	3,318	-67.37	-117.43
Asset Writedown	-475.49	-492.49	-2,372	89.1	-350.98	-384.22
Other Unusual Items	-	-	-	-	60	-
Pretax Income	25,067	25,076	28,705	25,265	8,081	7,180
Income Tax Expense	7,236	3,308	6,128	3,768	1,144	-566.26
Earnings From Continuing Operations	17,831	21,769	22,576	21,497	6,937	7,746
Minority Interest in Earnings	53.49	94.98	72.35	-56.76	-143.53	187.59
Net Income	17,884	21,864	22,649	21,440	6,793	7,934
Net Income to Common	17,884	21,864	22,649	21,440	6,793	7,934
Net Income Growth	-29.61%	-3.47%	5.64%	215.60%	-14.37%	191.28%
Shares Outstanding (Basic)	19	19	19	19	19	20
Shares Outstanding (Diluted)	19	19	19	19	19	20
Shares Change (YoY)	-0.85%	-1.91%	2.44%	-0.84%	-1.86%	-
EPS (Basic)	935.92	1143.91	1162.41	1127.19	354.17	405.94
EPS (Diluted)	935.92	1143.91	1162.41	1127.19	354.17	405.94
EPS Growth	-29.01%	-1.59%	3.12%	218.26%	-12.75%	191.28%
Free Cash Flow	17,212	24,860	36,049	15,508	11,897	7,137
Free Cash Flow Per Share	900.73	1300.67	1850.14	815.34	620.26	365.20
Dividend Per Share	150.000	150.000	-	-	-	-
Gross Margin	95.78%	96.19%	99.50%	99.49%	99.68%	99.55%
Operating Margin	22.40%	26.15%	40.89%	35.87%	21.22%	19.26%
Profit Margin	22.17%	26.78%	30.75%	38.49%	16.02%	21.08%
Free Cash Flow Margin	21.34%	30.45%	48.94%	27.84%	28.06%	18.97%
EBITDA	20,266	23,114	31,726	21,708	11,205	9,784
EBITDA Margin	25.13%	28.31%	43.07%	38.97%	26.43%	26.00%
D&A For EBITDA	2,201	1,767	1,610	1,725	2,211	2,535
EBIT	18,065	21,347	30,116	19,983	8,994	7,249
EBIT Margin	22.40%	26.15%	40.89%	35.87%	21.22%	19.26%
Effective Tax Rate	28.87%	13.19%	21.35%	14.91%	14.16%	-
Advertising Expenses	-	1,869	1,607	1,140	130.63	341.36

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