Spirent Communications plc (LON:SPT)

Spirent Communications Income Statement

Financials in millions USD. 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
Revenue	460.2	474.3	607.5	576	522.4
Revenue Growth (YoY)	-2.97%	-21.93%	5.47%	10.26%	3.73%
Cost of Revenue	128.7	130.7	170.4	151.3	139
Gross Profit	331.5	343.6	437.1	424.7	383.4
Selling, General & Admin	200.7	208	208.7	202.4	181.3
Research & Development	99	102.4	111.3	113.3	103.1
Operating Expenses	299.7	310.4	320	315.7	284.4
Operating Income	31.8	33.2	117.1	109	99
Interest Expense	-1	-0.9	-1	-1.1	-1.4
Interest & Investment Income	4.1	4.8	2.1	0.3	1.4
Other Non Operating Income (Expenses)	-	-	-	-	-0.1
EBT Excluding Unusual Items	34.9	37.1	118.2	108.2	98.9
Merger & Restructuring Charges	-21.1	-14.2	-3.6	-4.8	-
Other Unusual Items	-	-	-	0.2	-3.1
Pretax Income	13.8	22.9	114.6	103.6	95.8
Income Tax Expense	0.9	-2.3	14.7	14.4	11.4
Earnings From Continuing Operations	12.9	25.2	99.9	89.2	84.4
Net Income	12.9	25.2	99.9	89.2	84.4
Net Income to Common	12.9	25.2	99.9	89.2	84.4
Net Income Growth	-48.81%	-74.78%	12.00%	5.69%	8.21%
Shares Outstanding (Basic)	575	587	607	608	610
Shares Outstanding (Diluted)	580	591	611	614	616
Shares Change (YoY)	-1.90%	-3.26%	-0.46%	-0.37%	-0.26%
EPS (Basic)	0.02	0.04	0.16	0.15	0.14
EPS (Diluted)	0.02	0.04	0.16	0.15	0.14
EPS Growth	-47.89%	-73.96%	12.52%	6.05%	8.55%
Free Cash Flow	44.6	25.4	109.4	92.7	111.7
Free Cash Flow Per Share	0.08	0.04	0.18	0.15	0.18
Dividend Per Share	-	0.028	0.076	0.068	0.060
Dividend Growth	-	-63.54%	11.98%	11.92%	12.06%
Gross Margin	72.03%	72.44%	71.95%	73.73%	73.39%
Operating Margin	6.91%	7.00%	19.28%	18.92%	18.95%
Profit Margin	2.80%	5.31%	16.44%	15.49%	16.16%
Free Cash Flow Margin	9.69%	5.36%	18.01%	16.09%	21.38%
EBITDA	45.5	48.8	133.4	126.4	112.6
EBITDA Margin	9.89%	10.29%	21.96%	21.94%	21.55%
D&A For EBITDA	13.7	15.6	16.3	17.4	13.6
EBIT	31.8	33.2	117.1	109	99
EBIT Margin	6.91%	7.00%	19.28%	18.92%	18.95%
Effective Tax Rate	6.52%	-	12.83%	13.90%	11.90%

Updated Mar 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.