NOVATECH Co., Ltd. (KOSDAQ: 285490)

NOVATECH 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
Other Revenue	-	-	-0	-	-	0
Revenue	78,057	92,421	110,494	90,500	67,855	26,133
Revenue Growth (YoY)	-15.39%	-16.36%	22.09%	33.37%	159.65%	0.97%
Cost of Revenue	45,804	52,059	65,561	39,982	27,016	15,131
Gross Profit	32,252	40,362	44,934	50,518	40,839	11,003
Selling, General & Admin	9,440	9,641	14,103	12,379	7,690	2,808
Research & Development	3,448	3,893	3,060	3,536	2,863	1,946
Other Operating Expenses	218.01	230.97	85.31	562.26	101.84	43.64
Operating Expenses	13,950	14,754	18,463	17,575	11,504	5,478
Operating Income	18,302	25,608	26,471	32,943	29,335	5,525
Interest Expense	-	-15.51	-11.97	-52.07	-942.35	-8.3
Interest & Investment Income	3,412	3,026	681.01	309.97	95.06	102.09
Earnings From Equity Investments	443.53	468.15	196.33	1,078	509.45	1.48
Currency Exchange Gain (Loss)	2,390	945.69	2,435	242.99	-310.17	170.51
Other Non Operating Income (Expenses)	-455.18	411.06	8.47	-1,586	-2,242	-0.61
EBT Excluding Unusual Items	24,092	30,443	29,780	32,936	26,445	5,790
Gain (Loss) on Sale of Investments	2,604	3,108	924.08	1,028	3,529	653.41
Gain (Loss) on Sale of Assets	2,609	1,255	-4,992	1,669	1,800	236.56
Asset Writedown	-1,605	-1,696	-4,324	-447.65	-501.09	-385.46
Pretax Income	27,701	33,110	21,388	35,185	31,273	6,295
Income Tax Expense	3,166	3,469	7,125	490.85	4,152	801.62
Earnings From Continuing Operations	24,535	29,641	14,264	34,694	27,121	5,493
Minority Interest in Earnings	-93.1	29.89	2,339	5,857	-5,154	-598.87
Net Income	24,442	29,671	16,603	40,551	21,967	4,894
Net Income to Common	24,442	29,671	16,603	40,551	21,967	4,894
Net Income Growth	7.55%	78.71%	-59.06%	84.60%	348.85%	-28.73%
Shares Outstanding (Basic)	10	10	10	10	9	9
Shares Outstanding (Diluted)	10	10	10	10	9	9
Shares Change (YoY)	-0.40%	-0.05%	-3.37%	13.10%	-1.44%	13.94%
EPS (Basic)	2421.01	2929.86	1638.54	3867.00	2377.81	521.82
EPS (Diluted)	2420.57	2929.86	1638.54	3866.67	2369.52	520.48
EPS Growth	7.96%	78.81%	-57.62%	63.18%	355.26%	-37.44%
Free Cash Flow	21,646	24,783	29,247	12,009	26,680	-2,277
Free Cash Flow Per Share	2144.08	2447.13	2886.40	1145.25	2877.50	-242.04
Dividend Per Share	500.000	500.000	-	-	-	-
Gross Margin	41.32%	43.67%	40.67%	55.82%	60.19%	42.10%
Operating Margin	23.45%	27.71%	23.96%	36.40%	43.23%	21.14%
Profit Margin	31.31%	32.10%	15.03%	44.81%	32.37%	18.73%
Free Cash Flow Margin	27.73%	26.81%	26.47%	13.27%	39.32%	-8.71%
EBITDA	21,728	28,750	28,974	35,087	30,845	6,512
EBITDA Margin	27.84%	31.11%	26.22%	38.77%	45.46%	24.92%
D&A For EBITDA	3,427	3,142	2,503	2,144	1,509	987.42
EBIT	18,302	25,608	26,471	32,943	29,335	5,525
EBIT Margin	23.45%	27.71%	23.96%	36.40%	43.23%	21.14%
Effective Tax Rate	11.43%	10.48%	33.31%	1.40%	13.28%	12.73%
Advertising Expenses	-	28.19	39.71	65.65	26.52	32.05

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