Magic Software Enterprises Ltd. (MGIC)

MGIC Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	523.33	535.05	566.79	480.33	371.19	325.63
Revenue Growth (YoY)	-8.27%	-5.60%	18.00%	29.40%	13.99%	14.51%
Cost of Revenue	372.53	382.07	411.44	347.33	261.6	223.5
Gross Profit	150.8	152.99	155.36	132.99	109.59	102.13
Selling, General & Admin	83.32	85.31	84.41	69.37	59.13	59.98
Research & Development	10.58	10.33	10.09	9	8.79	8.24
Other Operating Expenses	0.71	0.24	-0.91	2.51	1.09	0.26
Operating Expenses	94.61	95.88	93.59	80.87	69	68.48
Operating Income	56.19	57.11	61.76	52.12	40.59	33.65
Interest Expense / Income	10.42	9.23	4.99	3.8	0.92	1.17
Other Expense / Income	0.2	0.92	5.16	8.28	7.2	5.34
Pretax Income	45.57	46.97	51.61	40.05	32.47	27.14
Income Tax	9.85	9.93	11.14	10.28	7.29	6.87
Net Income	35.72	37.03	40.47	29.77	25.19	20.27
Net Income Growth	-12.59%	-8.50%	35.96%	18.19%	24.28%	1.93%
Shares Outstanding (Basic)	49	49	49	49	49	49
Shares Outstanding (Diluted)	49	49	49	49	49	49
Shares Change	-0.08%	-0.07%	0.06%	0.11%	0.11%	4.69%
EPS (Basic)	0.73	0.75	0.82	0.61	0.49	0.26
EPS (Diluted)	0.73	0.75	0.82	0.61	0.49	0.26
EPS Growth	-12.05%	-8.54%	34.43%	24.49%	88.46%	-33.33%
Free Cash Flow	-	67.43	52.23	42.24	46.22	40.43
Free Cash Flow Per Share	-	1.37	1.06	0.86	0.94	0.83
Dividend Per Share	0.627	0.627	0.506	0.444	0.255	0.306
Dividend Growth	116.21%	23.91%	13.96%	74.12%	-16.67%	7.37%
Gross Margin	28.82%	28.59%	27.41%	27.69%	29.52%	31.36%
Operating Margin	10.74%	10.67%	10.90%	10.85%	10.93%	10.33%
Profit Margin	6.83%	6.92%	7.14%	6.20%	6.79%	6.22%
Free Cash Flow Margin	-	12.60%	9.22%	8.79%	12.45%	12.41%
Effective Tax Rate	21.62%	21.15%	21.58%	25.67%	22.44%	25.33%
EBITDA	-	76.75	76.4	63.68	47.33	42.33
EBITDA Margin	-	14.34%	13.48%	13.26%	12.75%	13.00%
Depreciation & Amortization	-	20.55	19.8	19.84	13.94	14.03
EBIT	55.99	56.19	56.6	43.85	33.39	28.31
EBIT Margin	10.70%	10.50%	9.99%	9.13%	9.00%	8.69%

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).