Hecto Innovation Co., Ltd. (KOSDAQ: 214180)

Hecto 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
Revenue	305,111	288,489	262,967	221,041	170,932	123,738
Revenue Growth (YoY)	7.41%	9.71%	18.97%	29.32%	38.14%	15.29%
Cost of Revenue	4,684	8,604	6,561	3,751	2,056	-
Gross Profit	300,427	279,885	256,406	217,291	168,876	123,738
Selling, General & Admin	230,869	217,776	195,330	156,877	123,381	86,706
Research & Development	5,097	5,317	10,155	9,712	5,846	3,220
Other Operating Expenses	1,631	1,489	1,378	1,100	789.37	560.76
Operating Expenses	258,262	242,840	220,762	180,126	140,676	96,776
Operating Income	42,165	37,045	35,644	37,165	28,200	26,962
Interest Expense	-1,678	-1,377	-1,087	-173.23	-251.71	-98.27
Interest & Investment Income	6,119	5,105	2,799	1,189	1,287	1,453
Earnings From Equity Investments	-1,741	-1,905	28.98	47.7	-143.31	15.74
Currency Exchange Gain (Loss)	1,152	448.05	-441.92	-260.7	410.24	0.81
Other Non Operating Income (Expenses)	1,937	2,673	2,603	3,404	2,373	1,323
EBT Excluding Unusual Items	47,954	41,989	39,547	41,372	31,875	29,656
Gain (Loss) on Sale of Investments	590.84	-543.71	-1,586	606.11	4,281	2,388
Gain (Loss) on Sale of Assets	-194.59	-49.27	-28.07	3.13	-167.51	30.58
Asset Writedown	-950.21	-950.21	-106.32	-	-600.32	-1,187
Pretax Income	47,400	40,445	37,826	41,981	35,389	30,887
Income Tax Expense	8,870	9,129	5,649	9,516	6,064	6,977
Earnings From Continuing Operations	38,529	31,316	32,177	32,466	29,325	23,910
Minority Interest in Earnings	-7,778	-8,753	-2,726	-11,373	-8,995	-5,993
Net Income	30,752	22,563	29,452	21,093	20,330	17,917
Net Income to Common	30,752	22,563	29,452	21,093	20,330	17,917
Net Income Growth	18.44%	-23.39%	39.63%	3.75%	13.47%	24.03%
Shares Outstanding (Basic)	12	12	12	12	12	13
Shares Outstanding (Diluted)	12	12	12	12	12	13
Shares Change (YoY)	0.63%	-3.42%	-0.28%	-1.89%	-6.52%	-0.63%
EPS (Basic)	2571.79	1911.26	2409.32	1825.43	1627.09	1340.42
EPS (Diluted)	2560.36	1910.00	2409.00	1721.00	1614.00	1340.42
EPS Growth	17.66%	-20.71%	39.98%	6.63%	20.41%	24.81%
Free Cash Flow	78,873	60,470	22,762	81,895	41,434	23,782
Free Cash Flow Per Share	6570.12	5122.19	1862.05	6680.62	3316.12	1779.18
Dividend Per Share	360.000	360.000	420.000	390.000	340.000	230.000
Dividend Growth	-14.29%	-14.29%	7.69%	14.71%	47.83%	-11.54%
Gross Margin	98.46%	97.02%	97.50%	98.30%	98.80%	100.00%
Operating Margin	13.82%	12.84%	13.55%	16.81%	16.50%	21.79%
Profit Margin	10.08%	7.82%	11.20%	9.54%	11.89%	14.48%
Free Cash Flow Margin	25.85%	20.96%	8.66%	37.05%	24.24%	19.22%
EBITDA	59,098	53,512	49,554	49,221	38,783	33,097
EBITDA Margin	19.37%	18.55%	18.84%	22.27%	22.69%	26.75%
D&A For EBITDA	16,933	16,467	13,910	12,057	10,583	6,135
EBIT	42,165	37,045	35,644	37,165	28,200	26,962
EBIT Margin	13.82%	12.84%	13.55%	16.81%	16.50%	21.79%
Effective Tax Rate	18.71%	22.57%	14.93%	22.67%	17.13%	22.59%
Advertising Expenses	-	28,812	21,703	15,637	9,710	3,488

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