Radware Ltd. (RDWR)

Radware 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	257.34	261.29	293.43	286.5	250.03	252.07
Revenue Growth (YoY)	-10.88%	-10.95%	2.42%	14.59%	-0.81%	7.54%
Cost of Revenue	51.22	51.71	53.88	52.45	45.08	45.17
Gross Profit	206.12	209.58	239.54	234.05	204.94	206.9
Selling, General & Admin	155.52	158.65	156.32	141.73	131.94	128.14
Research & Development	80.36	82.62	86.56	74.1	66.84	61.84
Operating Expenses	235.88	241.26	242.88	215.83	198.78	189.98
Operating Income	-29.76	-31.68	-3.34	18.23	6.17	16.92
Interest Expense / Income	-14.04	-13.93	-8.05	-4.41	-7.8	-8.79
Pretax Income	-15.72	-17.75	4.71	22.63	13.96	25.71
Income Tax	4.01	3.84	4.88	14.82	4.33	3.14
Net Income	-19.73	-21.59	-0.17	7.81	9.64	22.57
Net Income Growth	-	-	-	-18.94%	-57.30%	92.30%
Shares Outstanding (Basic)	42	43	45	46	46	47
Shares Outstanding (Diluted)	42	43	45	48	48	49
Shares Change	-5.23%	-4.61%	-5.39%	-0.50%	-1.61%	1.74%
EPS (Basic)	-0.46	-0.50	-	0.17	0.21	0.48
EPS (Diluted)	-0.46	-0.50	-	0.16	0.20	0.47
EPS Growth	-	-	-	-20.00%	-57.45%	88.00%
Free Cash Flow	13.42	-8.93	23.33	66.17	55.19	44.7
Free Cash Flow Per Share	0.32	-0.21	0.52	1.44	1.19	0.95
Gross Margin	80.10%	80.21%	81.64%	81.69%	81.97%	82.08%
Operating Margin	-11.57%	-12.12%	-1.14%	6.36%	2.47%	6.71%
Profit Margin	-7.67%	-8.26%	-0.06%	2.73%	3.85%	8.95%
Free Cash Flow Margin	5.22%	-3.42%	7.95%	23.10%	22.08%	17.73%
Effective Tax Rate	-	-	103.52%	65.49%	30.99%	12.23%
EBITDA	-17.65	-19.44	8.35	28.42	16.73	28.2
EBITDA Margin	-6.86%	-7.44%	2.85%	9.92%	6.69%	11.19%
Depreciation & Amortization	12.11	12.24	11.69	10.2	10.56	11.28
EBIT	-29.76	-31.68	-3.34	18.23	6.17	16.92
EBIT Margin	-11.57%	-12.12%	-1.14%	6.36%	2.47%	6.71%

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).