Heritage Global Inc. (HGBL)

Heritage Global Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	60.55	46.91	25.79	26.18	26.17
Revenue Growth (YoY)	29.06%	81.89%	-1.49%	0.06%	10.58%
Cost of Revenue	20.73	20.91	7.43	9.11	7.74
Gross Profit	39.81	26	18.36	17.07	18.43
Selling, General & Admin	26.04	21.33	14.81	14.45	15.87
Other Operating Expenses	0.51	0.54	0.46	0.36	0.88
Operating Expenses	26.55	21.86	15.27	14.81	16.75
Operating Income	13.26	4.14	3.09	2.26	1.68
Interest Expense / Income	0.32	0.11	0.02	0.05	0.06
Other Expense / Income	-1.06	-6.98	0.08	-3.8	-1.37
Pretax Income	14	11.01	2.99	6.01	2.99
Income Tax	1.52	-4.49	-0.06	-3.64	-0.91
Net Income	12.48	15.49	3.05	9.66	3.9
Net Income Growth	-19.48%	407.47%	-68.39%	147.70%	3.95%
Shares Outstanding (Basic)	37	36	35	30	29
Shares Outstanding (Diluted)	38	37	37	33	29
Shares Change	1.32%	0.53%	12.82%	11.74%	1.30%
EPS (Basic)	0.34	0.43	0.09	0.32	0.14
EPS (Diluted)	0.33	0.42	0.08	0.30	0.13
EPS Growth	-21.43%	425.00%	-73.33%	130.77%	0%
Free Cash Flow	12.76	6.27	-4.06	9.14	0.68
Free Cash Flow Per Share	0.35	0.17	-0.11	0.30	0.02
Gross Margin	65.76%	55.43%	71.20%	65.21%	70.43%
Operating Margin	21.90%	8.83%	11.99%	8.64%	6.41%
Profit Margin	20.60%	33.02%	11.84%	36.89%	14.90%
Free Cash Flow Margin	21.08%	13.36%	-15.73%	34.91%	2.59%
Effective Tax Rate	10.86%	-40.76%	-2.04%	-60.59%	-30.58%
EBITDA	15.48	12.2	4.01	6.94	3.09
EBITDA Margin	25.56%	26.01%	15.53%	26.51%	11.82%
Depreciation & Amortization	1.16	1.08	0.99	0.88	0.04
EBIT	14.32	11.12	3.01	6.06	3.05
EBIT Margin	23.65%	23.70%	11.69%	23.14%	11.66%

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).