Saltware Income Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2022	FY 2021	FY 2019
Period Ending	Sep '23 Sep 30, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '19 Dec 31, 2019
Operating Revenue	41,875	31,349	40,016	21,500
Other Revenue	-0	-0	-	0
Revenue	41,875	31,349	40,016	21,500
Revenue Growth (YoY)	17.00%	-21.66%	86.12%	-
Cost of Revenue	36,945	27,031	34,018	17,895
Gross Profit	4,930	4,319	5,998	3,605
Selling, General & Admin	4,217	4,044	4,150	2,672
Research & Development	531.69	419.76	399.83	299.95
Other Operating Expenses	43.66	63.04	34.41	29.23
Operating Expenses	4,687	4,932	4,780	3,104
Operating Income	243.08	-613.21	1,218	501.13
Interest Expense	-50.43	-50.43	-8.94	-23.4
Interest & Investment Income	246.73	246.73	59.06	49.11
Currency Exchange Gain (Loss)	-19.69	-19.69	-79.1	-60.18
Other Non Operating Income (Expenses)	471.11	-4,774	74.22	65.29
EBT Excluding Unusual Items	890.79	-5,210	1,263	531.96
Gain (Loss) on Sale of Investments	2.77	2.77	2.4	3.61
Gain (Loss) on Sale of Assets	-	-	-4.48	4.54
Asset Writedown	-	-	-	-2.88
Pretax Income	893.56	-5,208	1,261	537.23
Income Tax Expense	-350.47	-326.02	451.12	106.38
Earnings From Continuing Operations	1,244	-4,882	809.8	430.85
Minority Interest in Earnings	0.25	0.57	2.58	4.32
Net Income	1,244	-4,881	812.38	435.17
Net Income to Common	1,244	-4,881	812.38	435.17
Net Income Growth	-	-	86.68%	-
Shares Outstanding (Basic)	33	28	25	1
Shares Outstanding (Diluted)	33	28	25	1
Shares Change (YoY)	-23.79%	13.51%	1961.29%	-
EPS (Basic)	37.17	-173.85	32.84	362.64
EPS (Diluted)	37.17	-173.85	32.84	362.64
EPS Growth	-	-	-90.94%	-
Free Cash Flow	3,016	-4,081	558.13	734.07
Free Cash Flow Per Share	90.10	-145.35	22.56	611.73
Gross Margin	11.77%	13.78%	14.99%	16.77%
Operating Margin	0.58%	-1.96%	3.04%	2.33%
Profit Margin	2.97%	-15.57%	2.03%	2.02%
Free Cash Flow Margin	7.20%	-13.02%	1.39%	3.41%
EBITDA	481.43	-387.96	1,430	666.96
EBITDA Margin	1.15%	-1.24%	3.57%	3.10%
D&A For EBITDA	238.36	225.25	212.36	165.83
EBIT	243.08	-613.21	1,218	501.13
EBIT Margin	0.58%	-1.96%	3.04%	2.33%
Effective Tax Rate	-	-	35.78%	19.80%
Advertising Expenses	-	144.48	80.01	75.19

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