DZS Inc. (DZSI)

DZS Inc. Income Statement

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

Year	2022	2021	2020	2019	2018
Revenue	375.69	350.21	300.64	306.88	282.35
Revenue Growth (YoY)	7.28%	16.49%	-2.03%	8.69%	14.26%
Cost of Revenue	257.34	229.94	203.76	206.77	191.02
Gross Profit	118.36	120.27	96.88	100.11	91.33
Selling, General & Admin	85.37	90.24	63.54	61.21	48.32
Research & Development	56.12	47.05	37.96	38.52	35.31
Other Operating Expenses	9.01	15.23	7.9	7.42	0.52
Operating Expenses	150.51	152.52	109.4	107.14	84.15
Operating Income	-32.15	-32.25	-12.53	-7.03	7.18
Interest Expense / Income	1.44	0.24	1.96	3.98	1.74
Other Expense / Income	1.84	-1.02	5.1	-1.14	0.95
Pretax Income	-35.43	-31.47	-19.58	-9.87	4.49
Income Tax	2	3.21	3.5	3.59	1.72
Net Income	-37.43	-34.68	-23.08	-13.46	2.77
Net Income Growth	-	-	-	-	158.36%
Shares Outstanding (Basic)	28	27	22	19	16
Shares Outstanding (Diluted)	28	27	22	19	17
Shares Change	5.22%	23.64%	11.26%	15.87%	2.13%
EPS (Basic)	-1.33	-1.30	-1.07	-0.69	0.17
EPS (Diluted)	-1.33	-1.30	-1.07	-0.69	0.17
EPS Growth	-	-	-	-	142.86%
Free Cash Flow	-55.27	-19.35	2.79	-25.02	-13.4
Free Cash Flow Per Share	-1.97	-0.72	0.13	-1.29	-0.81
Gross Margin	31.50%	34.34%	32.22%	32.62%	32.35%
Operating Margin	-8.56%	-9.21%	-4.17%	-2.29%	2.54%
Profit Margin	-9.96%	-9.90%	-7.68%	-4.39%	0.98%
Free Cash Flow Margin	-14.71%	-5.53%	0.93%	-8.15%	-4.75%
Effective Tax Rate	-	-	-	-	38.39%
EBITDA	-25.56	-26.68	-12.48	-0.78	8.93
EBITDA Margin	-6.80%	-7.62%	-4.15%	-0.25%	3.16%
Depreciation & Amortization	8.43	4.55	5.14	5.12	2.7
EBIT	-33.99	-31.23	-17.62	-5.89	6.23
EBIT Margin	-9.05%	-8.92%	-5.86%	-1.92%	2.21%

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).