Fortuna Silver Mines Inc. (FSM)

Fortuna Silver Mines Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	842.43	681.49	599.85	278.97	257.19
Revenue Growth (YoY)	23.62%	13.61%	115.03%	8.47%	-2.32%
Cost of Revenue	652.4	534.7	394.38	168.75	172.61
Gross Profit	190.03	146.8	205.48	110.22	84.58
Selling, General & Admin	64.07	61.46	45.36	35.09	29.81
Research & Development	0	0	1.01	1.2	2.41
Other Operating Expenses	96.6	188.72	16.13	4.5	4.61
Operating Expenses	160.67	250.17	62.51	40.79	36.83
Operating Income	29.35	-103.38	142.97	69.44	47.75
Interest Expense / Income	21.79	12.06	12.86	1.41	0.02
Other Expense / Income	18.61	9.68	24.45	9.07	3.76
Pretax Income	-11.05	-125.11	105.66	58.96	43.97
Income Tax	32.58	10.8	47.78	37.4	20.18
Net Income	-43.63	-135.91	57.88	21.55	23.8
Net Income Growth	-	-	168.53%	-9.43%	-29.99%
Shares Outstanding (Basic)	295	291	238	175	160
Shares Outstanding (Diluted)	295	291	249	186	165
Shares Change	1.30%	16.77%	34.06%	13.10%	1.79%
EPS (Basic)	-0.17	-0.44	0.24	0.12	0.15
EPS (Diluted)	-0.17	-0.44	0.23	0.12	0.14
EPS Growth	-	-	91.67%	-14.29%	-33.33%
Free Cash Flow	115.35	-11.34	63.25	28.84	-100.14
Free Cash Flow Per Share	0.39	-0.04	0.27	0.17	-0.63
Gross Margin	22.56%	21.54%	34.25%	39.51%	32.89%
Operating Margin	3.48%	-15.17%	23.83%	24.89%	18.57%
Profit Margin	-5.18%	-19.94%	9.65%	7.73%	9.25%
Free Cash Flow Margin	13.69%	-1.66%	10.54%	10.34%	-38.94%
Effective Tax Rate	-	-	45.22%	63.44%	45.88%
EBITDA	230.43	59.76	240.79	105.78	90.35
EBITDA Margin	27.35%	8.77%	40.14%	37.92%	35.13%
Depreciation & Amortization	219.69	172.81	122.27	45.41	46.35
EBIT	10.74	-113.05	118.52	60.37	44
EBIT Margin	1.27%	-16.59%	19.76%	21.64%	17.11%

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).