KX Innovation Co., Ltd. (KOSDAQ: 122450)

KX Innovation 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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	415,844	403,052	326,266	288,949	276,733	258,033
Other Revenue	-	-	-0	-	-	0
Revenue	415,844	403,052	326,266	288,949	276,733	258,033
Revenue Growth (YoY)	7.09%	23.53%	12.91%	4.41%	7.25%	33.97%
Cost of Revenue	273,004	269,385	187,095	164,971	156,110	148,692
Gross Profit	142,840	133,667	139,171	123,978	120,623	109,341
Selling, General & Admin	57,183	56,880	46,750	38,387	48,713	53,018
Research & Development	6,451	6,994	6,383	5,578	5,639	4,892
Other Operating Expenses	5,606	3,983	3,598	2,807	2,645	3,013
Operating Expenses	74,487	71,566	61,180	48,853	59,724	67,603
Operating Income	68,353	62,101	77,991	75,125	60,899	41,738
Interest Expense	-27,059	-26,646	-15,805	-8,867	-6,430	-6,266
Interest & Investment Income	6,866	5,738	3,074	571.62	713.45	1,294
Earnings From Equity Investments	-1,544	-1,648	-16,073	1,292	1,699	-290.03
Currency Exchange Gain (Loss)	-369.59	660	258.13	283.14	-23.35	347.27
Other Non Operating Income (Expenses)	397.34	1,438	3,720	3,229	-11,150	9,259
EBT Excluding Unusual Items	46,644	41,642	53,165	71,635	45,709	46,083
Impairment of Goodwill	-	-	-2,200	-	-2,614	-3,717
Gain (Loss) on Sale of Investments	277.26	1,038	379.32	340.05	-	903.71
Gain (Loss) on Sale of Assets	103,338	-1,259	105.87	6,229	2,861	-1,338
Asset Writedown	-115.94	-792.01	-1,150	-1,234	-1,274	-7,889
Pretax Income	150,143	40,629	50,300	76,970	45,256	34,042
Income Tax Expense	33,848	12,716	11,566	13,073	9,698	9,440
Earnings From Continuing Operations	116,295	27,913	38,734	63,897	35,558	24,603
Earnings From Discontinued Operations	2,830	-1,313	-816.04	234.02	2,496	-
Net Income to Company	119,126	26,600	37,918	64,131	38,054	24,603
Minority Interest in Earnings	-14,559	-9,147	-17,457	-24,936	-5,465	-9,513
Net Income	104,566	17,454	20,461	39,195	32,589	15,090
Net Income to Common	104,566	17,454	20,461	39,195	32,589	15,090
Net Income Growth	309.03%	-14.70%	-47.80%	20.27%	115.97%	-63.92%
Shares Outstanding (Basic)	42	42	42	44	45	45
Shares Outstanding (Diluted)	42	42	42	46	45	46
Shares Change (YoY)	-0.23%	-0.85%	-8.43%	0.77%	-1.08%	16.01%
EPS (Basic)	2518.53	420.31	488.56	895.59	718.03	334.08
EPS (Diluted)	2518.53	420.00	488.56	857.00	718.00	318.52
EPS Growth	309.99%	-14.03%	-42.99%	19.36%	125.42%	-69.88%
Free Cash Flow	71,508	62,939	17,859	53,843	44,579	23,843
Free Cash Flow Per Share	1722.30	1515.66	426.43	1177.29	982.18	519.67
Dividend Per Share	200.000	200.000	-	-	-	-
Gross Margin	34.35%	33.16%	42.66%	42.91%	43.59%	42.37%
Operating Margin	16.44%	15.41%	23.90%	26.00%	22.01%	16.18%
Profit Margin	25.15%	4.33%	6.27%	13.56%	11.78%	5.85%
Free Cash Flow Margin	17.20%	15.62%	5.47%	18.63%	16.11%	9.24%
EBITDA	123,052	109,913	102,800	98,267	86,256	61,155
EBITDA Margin	29.59%	27.27%	31.51%	34.01%	31.17%	23.70%
D&A For EBITDA	54,699	47,812	24,810	23,142	25,357	19,417
EBIT	68,353	62,101	77,991	75,125	60,899	41,738
EBIT Margin	16.44%	15.41%	23.90%	26.00%	22.01%	16.18%
Effective Tax Rate	22.54%	31.30%	22.99%	16.98%	21.43%	27.73%
Advertising Expenses	-	1,574	868.77	704.26	650.13	1,192

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