COWINTECH Co. Ltd. (KOSDAQ:282880)

COWINTECH Income Statement

Financials in millions KRW. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	244,390	335,958	201,155	106,350	45,355
Other Revenue	-0	-0	-	-	-
Revenue	244,390	335,958	201,155	106,350	45,355
Revenue Growth (YoY)	-27.26%	67.02%	89.14%	134.49%	-50.22%
Cost of Revenue	205,726	282,971	167,594	87,216	35,576
Gross Profit	38,664	52,987	33,561	19,134	9,778
Selling, General & Admin	18,420	19,854	13,351	9,298	7,716
Research & Development	5,757	5,026	2,260	920.5	1,081
Other Operating Expenses	996.14	470.63	379.07	358.52	188.9
Operating Expenses	35,061	30,170	17,269	12,518	9,150
Operating Income	3,603	22,817	16,293	6,616	628.57
Interest Expense	-3,809	-4,417	-2,481	-548.21	-115
Interest & Investment Income	2,385	3,513	806.17	374.72	651.84
Earnings From Equity Investments	760.38	520.3	212.75	-608.76	-
Currency Exchange Gain (Loss)	16,609	2,283	-2,495	2,208	614.24
Other Non Operating Income (Expenses)	-10,961	-1,720	-3,290	336.15	117.72
EBT Excluding Unusual Items	8,586	22,996	9,045	8,378	1,897
Gain (Loss) on Sale of Investments	316.81	2,079	63.3	17.35	74.36
Gain (Loss) on Sale of Assets	787.94	-157.35	-9.8	7.83	40.5
Asset Writedown	-	562.13	-1,513	-	-
Other Unusual Items	-	-	15.53	-	-
Pretax Income	9,691	25,480	7,601	8,403	2,012
Income Tax Expense	-1,310	3,050	-33.2	1,051	-533.69
Earnings From Continuing Operations	11,001	22,430	7,634	7,352	2,546
Minority Interest in Earnings	5,193	-10,614	-5,010	-1,773	-
Net Income	16,194	11,815	2,624	5,580	2,546
Net Income to Common	16,194	11,815	2,624	5,580	2,546
Net Income Growth	37.06%	350.28%	-52.97%	119.16%	-85.14%
Shares Outstanding (Basic)	11	10	10	10	10
Shares Outstanding (Diluted)	11	10	10	10	10
Shares Change (YoY)	8.84%	0.31%	-0.04%	-0.51%	13.54%
EPS (Basic)	1437.22	1141.34	254.25	540.42	245.33
EPS (Diluted)	1436.89	1140.78	254.25	540.20	245.22
EPS Growth	25.96%	348.69%	-52.94%	120.29%	-86.92%
Free Cash Flow	-55,636	1,975	-20,218	-9,697	-608.33
Free Cash Flow Per Share	-4937.68	190.75	-1958.96	-939.25	-58.62
Dividend Per Share	194.175	-	-	-	-
Gross Margin	15.82%	15.77%	16.68%	17.99%	21.56%
Operating Margin	1.47%	6.79%	8.10%	6.22%	1.39%
Profit Margin	6.63%	3.52%	1.30%	5.25%	5.61%
Free Cash Flow Margin	-22.77%	0.59%	-10.05%	-9.12%	-1.34%
EBITDA	9,406	28,527	20,079	8,668	1,417
EBITDA Margin	3.85%	8.49%	9.98%	8.15%	3.12%
D&A For EBITDA	5,803	5,710	3,787	2,051	788.48
EBIT	3,603	22,817	16,293	6,616	628.57
EBIT Margin	1.47%	6.79%	8.10%	6.22%	1.39%
Effective Tax Rate	-	11.97%	-	12.51%	-

Updated Mar 18, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.