Spigen Korea Co.,Ltd (KOSDAQ: 192440)

Spigen Korea Co.,Ltd 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	452,616	447,399	445,896	385,751	403,319	308,557
Other Revenue	-0	-0	-	-0	-	-
Revenue	452,616	447,399	445,896	385,751	403,319	308,557
Revenue Growth (YoY)	-1.26%	0.34%	15.59%	-4.36%	30.71%	15.62%
Cost of Revenue	154,696	146,582	142,075	125,522	129,488	100,981
Gross Profit	297,920	300,817	303,822	260,229	273,831	207,577
Selling, General & Admin	251,171	246,642	235,668	201,294	179,392	152,580
Research & Development	8,307	7,229	6,176	5,424	5,381	3,512
Other Operating Expenses	3,148	3,099	1,938	1,543	1,865	1,343
Operating Expenses	273,010	265,526	251,834	215,647	194,169	163,496
Operating Income	24,911	35,291	51,987	44,581	79,662	44,081
Interest Expense	-180.11	-156.62	-387.75	-395.59	-529.25	-635.09
Interest & Investment Income	8,291	8,890	5,589	4,611	4,487	4,436
Earnings From Equity Investments	-	-	-	-	-52.56	270.2
Currency Exchange Gain (Loss)	5,294	3,663	666.51	7,882	-6,481	1,786
Other Non Operating Income (Expenses)	1,403	1,082	-542.02	1,370	-704	-712.96
EBT Excluding Unusual Items	39,718	48,770	57,313	58,049	76,382	49,225
Gain (Loss) on Sale of Investments	-1,540	3,200	-3,425	-1,906	-1,172	3,539
Gain (Loss) on Sale of Assets	1.08	1.84	-8,243	880.09	-4.38	311.87
Asset Writedown	329.19	329.19	-3,894	-7,206	-	-
Pretax Income	38,508	52,301	41,751	49,817	75,205	53,076
Income Tax Expense	12,000	10,380	8,980	4,127	20,411	12,795
Earnings From Continuing Operations	26,508	41,921	32,772	45,690	54,794	40,281
Minority Interest in Earnings	1,053	727.67	245.09	121.92	-1,315	57.73
Net Income	27,561	42,648	33,017	45,812	53,478	40,339
Net Income to Common	27,561	42,648	33,017	45,812	53,478	40,339
Net Income Growth	-40.38%	29.17%	-27.93%	-14.34%	32.57%	-5.54%
Shares Outstanding (Basic)	6	6	6	6	6	6
Shares Outstanding (Diluted)	6	6	6	6	6	6
Shares Change (YoY)	0.03%	-	-	-	-	-0.01%
EPS (Basic)	4570.07	7072.90	5475.61	7597.56	8868.98	6689.84
EPS (Diluted)	4570.07	7072.90	5475.61	7597.56	8868.98	6689.84
EPS Growth	-40.40%	29.17%	-27.93%	-14.34%	32.57%	-5.53%
Free Cash Flow	-39,792	-46,456	-12,175	40,245	57,729	30,865
Free Cash Flow Per Share	-6598.02	-7704.39	-2019.15	6674.32	9573.88	5118.76
Dividend Per Share	696.000	696.000	-	-	1200.000	1300.000
Dividend Growth	-	-	-	-	-7.69%	13.04%
Gross Margin	65.82%	67.24%	68.14%	67.46%	67.89%	67.27%
Operating Margin	5.50%	7.89%	11.66%	11.56%	19.75%	14.29%
Profit Margin	6.09%	9.53%	7.40%	11.88%	13.26%	13.07%
Free Cash Flow Margin	-8.79%	-10.38%	-2.73%	10.43%	14.31%	10.00%
EBITDA	35,505	44,010	59,888	52,026	87,219	50,237
EBITDA Margin	7.84%	9.84%	13.43%	13.49%	21.63%	16.28%
D&A For EBITDA	10,594	8,719	7,901	7,444	7,557	6,156
EBIT	24,911	35,291	51,987	44,581	79,662	44,081
EBIT Margin	5.50%	7.89%	11.66%	11.56%	19.75%	14.29%
Effective Tax Rate	31.16%	19.85%	21.51%	8.28%	27.14%	24.11%
Advertising Expenses	-	24,909	23,402	15,486	12,648	13,908

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