Zen Voce Corporation (TPEX: 3581)

Zen Voce Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	1,387	1,461	1,510	1,308	1,199	1,180
Revenue Growth (YoY)	-9.04%	-3.24%	15.43%	9.12%	1.54%	1.27%
Cost of Revenue	955.76	1,026	943.03	784.11	724	718.96
Gross Profit	431.08	434.62	566.57	523.68	474.5	461.39
Selling, General & Admin	287.64	283.65	317.04	304.48	271.96	295.7
Research & Development	98.89	83.61	93.37	84.95	68.53	69.2
Operating Expenses	381	364.96	407.29	374.96	349.94	376.51
Operating Income	50.08	69.66	159.28	148.72	124.57	84.88
Interest Expense	-10.17	-10.57	-8.63	-6.84	-7.13	-7.91
Interest & Investment Income	17.4	14.98	3.82	3.46	4.6	2.87
Earnings From Equity Investments	-0.43	-0.57	-	-	-	-
Currency Exchange Gain (Loss)	-1.74	-1.74	16.66	-6.27	-24.35	-7.04
Other Non Operating Income (Expenses)	-6.96	1	0.02	1.03	9.66	1.57
EBT Excluding Unusual Items	48.18	72.76	171.16	140.11	107.34	74.37
Impairment of Goodwill	-	-	-	-	-40.75	-
Gain (Loss) on Sale of Investments	18.25	18.25	-32.36	16.1	17.13	11.82
Gain (Loss) on Sale of Assets	-0.06	-0.06	-0.11	-0.68	73.41	0.02
Other Unusual Items	0.01	0.01	0.14	0.12	0.51	0.18
Pretax Income	66.37	90.95	138.82	155.65	157.63	86.38
Income Tax Expense	28.86	30.72	48.54	28.1	41.1	14.12
Earnings From Continuing Operations	37.51	60.23	90.28	127.55	116.53	72.26
Minority Interest in Earnings	-36.03	-32.33	-26.14	-19.87	-39.9	-18.56
Net Income	1.47	27.9	64.15	107.68	76.62	53.7
Net Income to Common	1.47	27.9	64.15	107.68	76.62	53.7
Net Income Growth	-96.63%	-56.50%	-40.43%	40.53%	42.69%	48.03%
Shares Outstanding (Basic)	51	51	51	51	51	51
Shares Outstanding (Diluted)	51	51	51	51	51	51
Shares Change (YoY)	0.09%	-	-	-	-0.09%	-1.25%
EPS (Basic)	0.03	0.55	1.26	2.11	1.50	1.05
EPS (Diluted)	0.03	0.55	1.26	2.11	1.50	1.05
EPS Growth	-96.63%	-56.50%	-40.40%	40.67%	42.86%	50.00%
Free Cash Flow	48.9	164.67	110.59	109.8	13.93	101.34
Free Cash Flow Per Share	0.95	3.23	2.17	2.15	0.27	1.98
Dividend Per Share	0.500	0.500	0.800	1.000	0.900	0.700
Dividend Growth	-37.50%	-37.50%	-20.00%	11.11%	28.57%	0%
Gross Margin	31.08%	29.75%	37.53%	40.04%	39.59%	39.09%
Operating Margin	3.61%	4.77%	10.55%	11.37%	10.39%	7.19%
Profit Margin	0.11%	1.91%	4.25%	8.23%	6.39%	4.55%
Free Cash Flow Margin	3.53%	11.27%	7.33%	8.40%	1.16%	8.59%
EBITDA	64.58	81.16	171.93	159.28	136.54	96.24
EBITDA Margin	4.66%	5.56%	11.39%	12.18%	11.39%	8.15%
D&A For EBITDA	14.49	11.51	12.65	10.56	11.97	11.36
EBIT	50.08	69.66	159.28	148.72	124.57	84.88
EBIT Margin	3.61%	4.77%	10.55%	11.37%	10.39%	7.19%
Effective Tax Rate	43.48%	33.77%	34.96%	18.05%	26.08%	16.35%
Revenue as Reported	1,387	1,461	1,510	1,308	1,199	1,180

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