FullNet Communications, Inc. (FULO)

FullNet Communications Income Statement

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

Fiscal Year	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	4.19	4.27	4.14	3.5	2.42
Revenue Growth (YoY)	-1.81%	3.21%	18.07%	44.68%	16.93%
Cost of Revenue	1.05	0.91	0.74	0.5	0.32
Gross Profit	3.14	3.36	3.39	3	2.1
Selling, General & Admin	2.61	2.52	2.21	2.26	1.88
Operating Expenses	2.63	2.53	2.22	2.27	1.9
Operating Income	0.51	0.83	1.17	0.73	0.2
Interest Expense	-	-	-	-	-0
Interest & Investment Income	0.14	0.04	-	0	0.01
Other Non Operating Income (Expenses)	-	-	-	0	-
EBT Excluding Unusual Items	0.65	0.87	1.17	0.73	0.21
Gain (Loss) on Sale of Assets	-	-	-	-	0.08
Other Unusual Items	0.01	0.03	-	-	0.03
Pretax Income	0.66	0.9	1.19	0.73	0.32
Income Tax Expense	0.13	0.23	0.3	-0.34	-
Earnings From Continuing Operations	0.53	0.67	0.89	1.07	0.32
Net Income	0.53	0.67	0.89	1.07	0.32
Preferred Dividends & Other Adjustments	0.07	0.06	0.05	0.06	0.08
Net Income to Common	0.46	0.61	0.84	1.01	0.24
Net Income Growth	-20.84%	-24.72%	-16.74%	238.01%	18.80%
Shares Outstanding (Basic)	19	18	17	15	14
Shares Outstanding (Diluted)	19	19	19	18	17
Shares Change (YoY)	3.00%	-1.65%	9.59%	4.49%	9.97%
EPS (Basic)	0.02	0.03	0.05	0.07	0.02
EPS (Diluted)	0.02	0.03	0.05	0.06	0.01
EPS Growth	-20.52%	-40.00%	-16.67%	500.00%	-
Free Cash Flow	0.69	0.72	1.41	0.97	0.41
Free Cash Flow Per Share	0.04	0.04	0.07	0.06	0.03
Dividend Per Share	0.013	0.006	-	-	-
Dividend Growth	120.00%	-	-	-	-
Gross Margin	74.88%	78.75%	82.08%	85.65%	86.76%
Operating Margin	12.22%	19.45%	28.36%	20.85%	8.28%
Profit Margin	11.07%	14.24%	20.27%	28.91%	9.73%
Free Cash Flow Margin	16.47%	16.98%	34.17%	27.81%	17.02%
EBITDA	0.53	0.85	1.18	0.74	0.22
EBITDA Margin	12.62%	19.82%	28.61%	21.10%	8.93%
D&A For EBITDA	0.02	0.02	0.01	0.01	0.02
EBIT	0.51	0.83	1.17	0.73	0.2
EBIT Margin	12.22%	19.45%	28.36%	20.85%	8.28%
Effective Tax Rate	19.35%	25.54%	25.20%	-	-
Advertising Expenses	0.71	0.63	0.48	0.64	0.34

Updated Apr 1, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.