FullNet Communications Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	2018 - 2014
Period Ending	Dec '23 Dec 31, 2023	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	2018 - 2014
Revenue	4.19	4.19	4.27	4.14	3.5	2.42	Upgrade
Revenue Growth (YoY)	-1.81%	-1.81%	3.21%	18.07%	44.68%	16.93%	Upgrade
Cost of Revenue	1.05	1.05	0.91	0.74	0.5	0.32	Upgrade
Gross Profit	3.14	3.14	3.36	3.39	3	2.1	Upgrade
Selling, General & Admin	2.61	2.61	2.52	2.21	2.26	1.88	Upgrade
Operating Expenses	2.63	2.63	2.53	2.22	2.27	1.9	Upgrade
Operating Income	0.51	0.51	0.83	1.17	0.73	0.2	Upgrade
Interest Expense	-	-	-	-	-	-0	Upgrade
Interest & Investment Income	0.14	0.14	0.04	-	0	0.01	Upgrade
Other Non Operating Income (Expenses)	-	-	-	-	0	-	Upgrade
EBT Excluding Unusual Items	0.65	0.65	0.87	1.17	0.73	0.21	Upgrade
Gain (Loss) on Sale of Assets	-	-	-	-	-	0.08	Upgrade
Other Unusual Items	0.01	0.01	0.03	-	-	0.03	Upgrade
Pretax Income	0.66	0.66	0.9	1.19	0.73	0.32	Upgrade
Income Tax Expense	0.13	0.13	0.23	0.3	-0.34	-	Upgrade
Earnings From Continuing Operations	0.53	0.53	0.67	0.89	1.07	0.32	Upgrade
Net Income	0.53	0.53	0.67	0.89	1.07	0.32	Upgrade
Preferred Dividends & Other Adjustments	0.07	0.07	0.06	0.05	0.06	0.08	Upgrade
Net Income to Common	0.46	0.46	0.61	0.84	1.01	0.24	Upgrade
Net Income Growth	-20.84%	-20.84%	-24.72%	-16.74%	238.01%	18.80%	Upgrade
Shares Outstanding (Basic)	19	19	18	17	15	14	Upgrade
Shares Outstanding (Diluted)	19	19	19	19	18	17	Upgrade
Shares Change (YoY)	3.00%	3.00%	-1.65%	9.60%	4.49%	9.97%	Upgrade
EPS (Basic)	0.02	0.02	0.03	0.05	0.07	0.02	Upgrade
EPS (Diluted)	0.02	0.02	0.03	0.05	0.06	0.01	Upgrade
EPS Growth	-20.52%	-20.52%	-40.00%	-16.67%	500.00%	0%	Upgrade
Free Cash Flow	0.69	0.69	0.72	1.41	0.97	0.41	Upgrade
Free Cash Flow Per Share	0.04	0.04	0.04	0.07	0.06	0.02	Upgrade
Dividend Per Share	0.013	0.013	0.006	-	-	-	Upgrade
Dividend Growth	120.00%	120.00%	-	-	-	-	Upgrade
Gross Margin	74.88%	74.88%	78.74%	82.08%	85.65%	86.76%	Upgrade
Operating Margin	12.22%	12.22%	19.45%	28.36%	20.85%	8.28%	Upgrade
Profit Margin	11.07%	11.07%	14.24%	20.27%	28.91%	9.73%	Upgrade
Free Cash Flow Margin	16.47%	16.47%	16.98%	34.17%	27.81%	17.01%	Upgrade
EBITDA	0.53	0.53	0.85	1.18	0.74	0.22	Upgrade
EBITDA Margin	12.62%	12.62%	19.82%	28.61%	21.10%	8.93%	Upgrade
D&A For EBITDA	0.02	0.02	0.02	0.01	0.01	0.02	Upgrade
EBIT	0.51	0.51	0.83	1.17	0.73	0.2	Upgrade
EBIT Margin	12.22%	12.22%	19.45%	28.36%	20.85%	8.28%	Upgrade
Effective Tax Rate	19.35%	19.35%	25.54%	25.20%	-	-	Upgrade
Advertising Expenses	0.71	0.71	0.63	0.48	0.64	0.34	Upgrade

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