GRITEE, Inc. (KOSDAQ: 204020)

GRITEE 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	190,928	176,102	143,116	108,705	123,462	123,080
Other Revenue	-0	-0	-	-	0	-
Revenue	190,928	176,102	143,116	108,705	123,462	123,080
Revenue Growth (YoY)	11.22%	23.05%	31.66%	-11.95%	0.31%	3.20%
Cost of Revenue	73,885	70,431	59,497	52,553	58,269	56,408
Gross Profit	117,043	105,671	83,619	56,152	65,194	66,672
Selling, General & Admin	98,294	87,306	73,401	57,131	57,481	58,563
Research & Development	3,153	3,178	2,820	2,516	2,207	2,163
Operating Expenses	105,394	94,540	80,718	64,731	63,000	63,836
Operating Income	11,649	11,131	2,901	-8,579	2,194	2,836
Interest Expense	-384.56	-368.45	-264.35	-248.16	-311.07	-588.63
Interest & Investment Income	992.87	691.48	647.5	182.63	297.45	629.63
Currency Exchange Gain (Loss)	-9.82	202.08	-92.33	484.42	-1.9	47.14
Other Non Operating Income (Expenses)	367.34	-814.17	12.29	8.45	-148.45	-117.4
EBT Excluding Unusual Items	12,615	10,842	3,205	-8,152	2,030	2,807
Gain (Loss) on Sale of Investments	32.07	-	-	76.17	-	-
Gain (Loss) on Sale of Assets	-422.77	-372.89	-114.15	29.96	-331.4	-86.58
Asset Writedown	-	-	-	-	-0.41	-
Other Unusual Items	-	-	-	-	-282.69	-
Pretax Income	12,224	10,469	3,090	-8,045	1,415	2,720
Income Tax Expense	2,210	2,068	1,251	-994.1	578.61	1,157
Earnings From Continuing Operations	10,014	8,401	1,839	-7,051	836.64	1,563
Minority Interest in Earnings	58.52	85.48	184.24	200.17	122.81	236.66
Net Income	10,073	8,487	2,023	-6,851	959.45	1,800
Net Income to Common	10,073	8,487	2,023	-6,851	959.45	1,800
Net Income Growth	64.95%	319.46%	-	-	-46.70%	-64.91%
Shares Outstanding (Basic)	20	20	20	20	19	20
Shares Outstanding (Diluted)	20	20	20	20	19	20
Shares Change (YoY)	-	-	2.03%	1.13%	-3.69%	11.60%
EPS (Basic)	503.10	423.88	101.05	-349.14	49.45	89.34
EPS (Diluted)	503.00	423.88	101.00	-349.14	49.00	89.00
EPS Growth	64.92%	319.68%	-	-	-44.94%	-68.84%
Free Cash Flow	6,171	13,329	100.67	-1,128	2,471	-1,894
Free Cash Flow Per Share	308.20	665.71	5.03	-57.49	127.36	-94.02
Dividend Per Share	100.000	100.000	30.000	-	30.000	30.000
Dividend Growth	233.33%	233.33%	-	-	0%	-66.67%
Gross Margin	61.30%	60.01%	58.43%	51.66%	52.80%	54.17%
Operating Margin	6.10%	6.32%	2.03%	-7.89%	1.78%	2.30%
Profit Margin	5.28%	4.82%	1.41%	-6.30%	0.78%	1.46%
Free Cash Flow Margin	3.23%	7.57%	0.07%	-1.04%	2.00%	-1.54%
EBITDA	15,599	15,195	7,426	-4,518	5,553	5,870
EBITDA Margin	8.17%	8.63%	5.19%	-4.16%	4.50%	4.77%
D&A For EBITDA	3,950	4,064	4,525	4,061	3,359	3,034
EBIT	11,649	11,131	2,901	-8,579	2,194	2,836
EBIT Margin	6.10%	6.32%	2.03%	-7.89%	1.78%	2.30%
Effective Tax Rate	18.08%	19.75%	40.49%	-	40.88%	42.53%
Advertising Expenses	-	27,363	18,237	8,136	4,829	5,732

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