Alerus Financial Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	166.01	210.95	237.99	222.32	181.43	169.36	167.44	164.97
Revenue Growth (YoY)	-21.30%	-11.36%	7.05%	22.53%	7.13%	1.15%	1.49%	-
Gross Profit	166.01	210.95	237.99	222.32	181.43	169.36	167.44	164.97
Selling, General & Admin	109.83	117.05	129.55	124.98	111.9	106.29	102.37	105.87
Other Operating Expenses	40.33	41.72	39.36	38.82	30.64	30.04	32.55	37.92
Operating Expenses	150.16	158.77	168.91	163.8	142.54	136.33	134.92	143.79
Operating Income	15.85	52.18	69.08	58.52	38.9	33.04	32.52	21.18
Pretax Income	15.85	52.18	69.08	58.52	38.9	33.04	32.52	21.18
Income Tax	4.16	12.18	16.4	13.84	9.36	7.17	17.51	7.14
Net Income	11.7	40.01	52.68	44.68	29.54	25.87	15	14.04
Preferred Dividends	0	0	0	0	0	0	0	0.03
Net Income Common	11.7	40.01	52.68	44.68	29.54	25.87	15	14.01
Net Income Growth	-70.76%	-24.06%	17.92%	51.24%	14.20%	72.43%	7.07%	-
Shares Outstanding (Basic)	20	19	17	17	15	14	14	13
Shares Outstanding (Diluted)	20	19	17	17	15	14	14	14
Shares Change	6.67%	7.99%	0.28%	15.54%	7.32%	0.40%	0.05%	-
EPS (Basic)	0.59	2.12	3.02	2.57	1.96	1.88	1.10	1.04
EPS (Diluted)	0.58	2.10	2.97	2.52	1.91	1.84	1.07	1.00
EPS Growth	-72.38%	-29.29%	17.86%	31.94%	3.80%	71.96%	7.00%	-
Free Cash Flow	25.81	101.18	148.13	-26.06	17.22	49.81	47.33	32.71
Free Cash Flow Per Share	1.30	5.43	8.62	-1.52	1.17	3.62	3.47	2.42
Dividend Per Share	0.750	0.700	0.630	0.600	0.290	-	-	-
Dividend Growth	7.14%	11.11%	5.00%	106.90%	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	9.55%	24.74%	29.03%	26.32%	21.44%	19.51%	19.42%	12.84%
Profit Margin	7.05%	18.96%	22.14%	20.10%	16.28%	15.27%	8.96%	8.49%
Free Cash Flow Margin	15.55%	47.96%	62.24%	-11.72%	9.49%	29.41%	28.27%	19.83%
Effective Tax Rate	26.23%	23.34%	23.74%	23.66%	24.05%	21.71%	53.86%	33.72%
EBITDA	24.36	60.42	77.89	67.44	47.66	41.77	42.37	32.56
EBITDA Margin	14.68%	28.64%	32.73%	30.34%	26.27%	24.66%	25.31%	19.74%
Depreciation & Amortization	8.51	8.24	8.81	8.93	8.77	8.73	9.86	11.39
EBIT	15.85	52.18	69.08	58.52	38.9	33.04	32.52	21.18
EBIT Margin	9.55%	24.74%	29.03%	26.32%	21.44%	19.51%	19.42%	12.84%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).