Rayence Co., Ltd. (KOSDAQ: 228850)

Rayence 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	131,288	142,986	147,161	134,568	101,524	126,175
Revenue	131,288	142,986	147,161	134,568	101,524	126,175
Revenue Growth (YoY)	-9.91%	-2.84%	9.36%	32.55%	-19.54%	8.41%
Cost of Revenue	79,235	85,092	84,605	79,534	64,700	75,271
Gross Profit	52,053	57,894	62,556	55,034	36,824	50,904
Selling, General & Admin	24,147	24,623	24,406	19,683	21,452	21,275
Research & Development	13,667	10,795	9,326	8,171	4,785	3,898
Other Operating Expenses	120.38	138.81	217.3	568.8	132.8	108.91
Operating Expenses	41,382	38,198	37,199	30,965	28,388	28,068
Operating Income	10,671	19,696	25,357	24,069	8,436	22,836
Interest Expense	-1,050	-1,260	-937.16	-946.06	-915.89	-320.12
Interest & Investment Income	4,411	3,714	1,934	797.69	1,028	1,355
Currency Exchange Gain (Loss)	54.26	642.93	926.81	3,093	-2,065	1,126
Other Non Operating Income (Expenses)	-312.89	-68.99	-2,215	-745.14	-1,690	-310.78
EBT Excluding Unusual Items	13,499	22,723	25,065	26,268	4,792	24,686
Gain (Loss) on Sale of Investments	125.02	92.34	-	82.53	2.23	1.37
Gain (Loss) on Sale of Assets	61.7	709.84	2,453	-102.82	13.49	-10.45
Asset Writedown	-	-	-2,257	-5,931	-6,826	-3,648
Pretax Income	13,686	23,525	25,261	20,317	-2,018	21,029
Income Tax Expense	2,468	4,063	3,412	6,224	2,059	7,202
Earnings From Continuing Operations	11,217	19,462	21,849	14,093	-4,077	13,827
Net Income to Company	11,217	19,462	21,849	14,093	-4,077	13,827
Minority Interest in Earnings	-3.18	137.5	199.41	365.16	2,161	861.18
Net Income	11,214	19,600	22,049	14,458	-1,916	14,688
Net Income to Common	11,214	19,600	22,049	14,458	-1,916	14,688
Net Income Growth	-46.90%	-11.11%	52.50%	-	-	-6.61%
Shares Outstanding (Basic)	16	16	16	16	16	16
Shares Outstanding (Diluted)	16	16	16	16	16	16
Shares Change (YoY)	-	-	-	-	-	-1.59%
EPS (Basic)	712.62	1245.52	1401.14	918.77	-121.74	933.37
EPS (Diluted)	712.62	1245.52	1401.14	918.77	-121.74	933.37
EPS Growth	-46.90%	-11.11%	52.50%	-	-	-5.11%
Free Cash Flow	22,683	23,785	14,696	19,029	20,763	2,268
Free Cash Flow Per Share	1441.43	1511.45	933.88	1209.22	1319.40	144.15
Dividend Per Share	100.000	100.000	300.000	100.000	-	-
Dividend Growth	-66.67%	-66.67%	200.00%	-	-	-
Gross Margin	39.65%	40.49%	42.51%	40.90%	36.27%	40.34%
Operating Margin	8.13%	13.77%	17.23%	17.89%	8.31%	18.10%
Profit Margin	8.54%	13.71%	14.98%	10.74%	-1.89%	11.64%
Free Cash Flow Margin	17.28%	16.63%	9.99%	14.14%	20.45%	1.80%
EBITDA	15,591	23,819	30,312	30,741	16,479	30,495
EBITDA Margin	11.88%	16.66%	20.60%	22.84%	16.23%	24.17%
D&A For EBITDA	4,920	4,123	4,954	6,673	8,043	7,659
EBIT	10,671	19,696	25,357	24,069	8,436	22,836
EBIT Margin	8.13%	13.77%	17.23%	17.89%	8.31%	18.10%
Effective Tax Rate	18.04%	17.27%	13.51%	30.63%	-	34.25%
Advertising Expenses	-	784.27	1,107	867.36	641.2	1,225

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