Lifeway Foods, Inc. (LWAY)

Lifeway Foods Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	160.12	141.57	119.07	102.03	93.66
Revenue Growth (YoY)	13.11%	18.90%	16.70%	8.93%	-9.37%
Cost of Revenue	117.68	114.78	90.36	75.09	71.51
Gross Profit	42.44	26.79	28.71	26.93	22.15
Selling, General & Admin	24.91	23.9	22.71	21.86	23.89
Other Operating Expenses	0.54	0.54	0.12	0.15	0.19
Operating Expenses	25.45	24.44	22.83	22.01	24.08
Operating Income	17	2.35	5.88	4.92	-1.93
Interest Expense / Income	0.38	0.27	0.12	0.12	0.25
Other Expense / Income	-0.04	0.24	0.15	-0.02	-3.42
Pretax Income	16.65	1.84	5.62	4.83	1.24
Income Tax	5.28	0.92	2.31	1.6	0.78
Net Income	11.37	0.92	3.31	3.23	0.45
Net Income Growth	1130.19%	-72.09%	2.44%	613.47%	-
Shares Outstanding (Basic)	15	15	16	16	16
Shares Outstanding (Diluted)	15	16	16	16	16
Shares Change	-3.91%	-0.35%	0.04%	-0.24%	-3.16%
EPS (Basic)	0.77	0.06	0.21	0.21	0.03
EPS (Diluted)	0.75	0.06	0.21	0.21	0.03
EPS Growth	1150.00%	-71.43%	0%	600.00%	-
Free Cash Flow	12.63	0.54	3.64	4.5	3.16
Free Cash Flow Per Share	0.86	0.04	0.23	0.29	0.20
Gross Margin	26.51%	18.92%	24.11%	26.40%	23.65%
Operating Margin	10.61%	1.66%	4.94%	4.83%	-2.06%
Profit Margin	7.10%	0.65%	2.78%	3.17%	0.48%
Free Cash Flow Margin	7.89%	0.38%	3.06%	4.41%	3.37%
Effective Tax Rate	31.73%	49.81%	41.04%	33.06%	63.32%
EBITDA	20.2	5.08	8.61	8.19	4.81
EBITDA Margin	12.61%	3.59%	7.23%	8.02%	5.13%
Depreciation & Amortization	3.16	2.97	2.87	3.24	3.32
EBIT	17.03	2.11	5.73	4.95	1.48
EBIT Margin	10.64%	1.49%	4.81%	4.85%	1.58%

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).