BATM Advanced Communications Ltd. (TLV: BVC)

BVC Income Statement

Financials in millions USD. 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
Revenue	122.7	122.83	116.12	140.04	183.57	123.4
Revenue Growth (YoY)	3.30%	5.78%	-17.08%	-23.71%	48.76%	3.21%
Cost of Revenue	85.16	82.94	78.17	88.98	122.86	90.25
Gross Profit	37.54	39.89	37.96	51.06	60.71	33.15
Selling, General & Admin	33.51	34.26	30.23	30.53	36.08	28.06
Research & Development	4.49	5.08	7.03	8.71	10.26	6.77
Other Operating Expenses	-2.07	-0.15	0.19	0.47	0.74	0.37
Operating Expenses	35.94	39.19	37.44	39.72	47.08	35.2
Operating Income	1.6	0.71	0.52	11.34	13.63	-2.06
Interest Expense	-1.54	-1.37	-1.33	-0.87	-1.07	-1.07
Interest & Investment Income	0.36	1.03	0.73	0.57	0.52	0.94
Earnings From Equity Investments	-0.54	-0.82	-0.69	-0.84	-0.77	-1.03
Currency Exchange Gain (Loss)	-0.14	-0.14	-0.46	0.9	-0.68	0.56
Other Non Operating Income (Expenses)	-	-	0.04	-0.04	0.22	-0.25
EBT Excluding Unusual Items	-0.26	-0.61	-1.19	11.06	11.84	-2.91
Gain (Loss) on Sale of Investments	0.3	0.3	-0.03	-	0.68	6.65
Gain (Loss) on Sale of Assets	0.08	0.08	2.02	13.04	-	-
Other Unusual Items	0.86	0.86	0.4	-	-	-
Pretax Income	0.99	0.64	1.21	24.09	12.53	3.75
Income Tax Expense	1.19	0.84	0.34	9.34	1.04	0.48
Earnings From Continuing Operations	-0.2	-0.2	0.87	14.76	11.48	3.27
Net Income to Company	-0.2	-0.2	0.87	14.76	11.48	3.27
Minority Interest in Earnings	-0.06	0.01	-0.63	-0.42	-1.69	0.65
Net Income	-0.26	-0.19	0.24	14.34	9.79	3.92
Net Income to Common	-0.26	-0.19	0.24	14.34	9.79	3.92
Net Income Growth	-	-	-98.30%	46.43%	150.01%	994.13%
Shares Outstanding (Basic)	436	436	440	440	440	421
Shares Outstanding (Diluted)	436	437	442	444	444	425
Shares Change (YoY)	-0.69%	-1.25%	-0.43%	0.05%	4.46%	4.64%
EPS (Basic)	-0.00	-0.00	0.00	0.03	0.02	0.01
EPS (Diluted)	-0.00	-0.00	0.00	0.03	0.02	0.01
EPS Growth	-	-	-98.28%	46.15%	140.22%	937.20%
Free Cash Flow	-2.59	2.61	-5.2	2.7	15.07	6.48
Free Cash Flow Per Share	-0.01	0.01	-0.01	0.01	0.03	0.02
Dividend Per Share	-	-	-	-	0.010	-
Gross Margin	30.59%	32.48%	32.69%	36.46%	33.07%	26.86%
Operating Margin	1.31%	0.57%	0.44%	8.10%	7.43%	-1.67%
Profit Margin	-0.21%	-0.16%	0.21%	10.24%	5.33%	3.17%
Free Cash Flow Margin	-2.11%	2.12%	-4.48%	1.93%	8.21%	5.25%
EBITDA	4.22	3.05	2.76	13.85	16.23	0.27
EBITDA Margin	3.44%	2.48%	2.37%	9.89%	8.84%	0.21%
D&A For EBITDA	2.62	2.34	2.24	2.51	2.6	2.32
EBIT	1.6	0.71	0.52	11.34	13.63	-2.06
EBIT Margin	1.31%	0.57%	0.44%	8.10%	7.43%	-1.67%
Effective Tax Rate	120.24%	131.30%	28.04%	38.75%	8.33%	12.68%
Advertising Expenses	-	1.25	0.83	0.94	0.87	1.1

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