COWINTECH Co. Ltd. (KOSDAQ: 282880)

COWINTECH 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	293,747	335,958	201,155	106,350	45,355	91,102
Other Revenue	-0	-0	-	-	-	-0
Revenue	293,747	335,958	201,155	106,350	45,355	91,102
Revenue Growth (YoY)	12.92%	67.01%	89.14%	134.48%	-50.22%	18.57%
Cost of Revenue	253,082	282,971	167,594	87,216	35,576	63,928
Gross Profit	40,665	52,987	33,561	19,134	9,778	27,174
Selling, General & Admin	16,748	19,854	13,351	9,298	7,716	5,681
Research & Development	5,688	5,026	2,260	920.5	1,081	467.88
Other Operating Expenses	615.68	470.63	379.07	358.52	188.9	145.17
Operating Expenses	28,992	30,170	17,269	12,518	9,150	6,328
Operating Income	11,672	22,817	16,293	6,616	628.57	20,847
Interest Expense	-3,701	-4,417	-2,481	-548.21	-115	-159.32
Interest & Investment Income	3,743	3,513	806.17	374.72	651.84	234.68
Earnings From Equity Investments	781.14	520.3	212.75	-608.76	-	-
Currency Exchange Gain (Loss)	5,868	2,283	-2,495	2,208	614.24	-117.54
Other Non Operating Income (Expenses)	2,532	-1,720	-3,290	336.15	117.72	-1,618
EBT Excluding Unusual Items	20,895	22,996	9,045	8,378	1,897	19,186
Gain (Loss) on Sale of Investments	2,218	2,079	63.3	17.35	74.36	35.47
Gain (Loss) on Sale of Assets	-31.77	-157.35	-9.8	7.83	40.5	9.47
Asset Writedown	566.81	562.13	-1,513	-	-	-
Other Unusual Items	-	-	15.53	-	-	-
Pretax Income	23,648	25,480	7,601	8,403	2,012	19,231
Income Tax Expense	692.84	3,050	-33.2	1,051	-533.69	2,097
Earnings From Continuing Operations	22,955	22,430	7,634	7,352	2,546	17,134
Minority Interest in Earnings	-6,887	-10,614	-5,010	-1,773	-	-
Net Income	16,068	11,815	2,624	5,580	2,546	17,134
Net Income to Common	16,068	11,815	2,624	5,580	2,546	17,134
Net Income Growth	130.12%	350.28%	-52.97%	119.16%	-85.14%	65.72%
Shares Outstanding (Basic)	11	10	10	10	10	9
Shares Outstanding (Diluted)	11	10	10	10	10	9
Shares Change (YoY)	4.87%	0.31%	-0.04%	-0.51%	13.54%	10.10%
EPS (Basic)	1528.90	1175.58	261.87	556.63	252.68	1930.89
EPS (Diluted)	1527.86	1175.00	261.87	556.41	252.58	1930.78
EPS Growth	119.45%	348.69%	-52.93%	120.29%	-86.92%	49.52%
Free Cash Flow	-22,539	1,975	-20,218	-9,697	-608.33	-4,177
Free Cash Flow Per Share	-2144.60	196.47	-2017.73	-967.42	-60.38	-470.72
Dividend Per Share	242.718	242.718	-	-	-	413.425
Gross Margin	13.84%	15.77%	16.68%	17.99%	21.56%	29.83%
Operating Margin	3.97%	6.79%	8.10%	6.22%	1.39%	22.88%
Profit Margin	5.47%	3.52%	1.30%	5.25%	5.61%	18.81%
Free Cash Flow Margin	-7.67%	0.59%	-10.05%	-9.12%	-1.34%	-4.59%
EBITDA	17,522	28,527	20,079	8,668	1,417	21,386
EBITDA Margin	5.96%	8.49%	9.98%	8.15%	3.12%	23.48%
D&A For EBITDA	5,849	5,710	3,787	2,051	788.48	539.79
EBIT	11,672	22,817	16,293	6,616	628.57	20,847
EBIT Margin	3.97%	6.79%	8.10%	6.22%	1.39%	22.88%
Effective Tax Rate	2.93%	11.97%	-	12.51%	-	10.90%

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