Air T, Inc.
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $194.5M | $148.5M | $148.2M | $112.2M | $100.8M | $103.1M | $89.4M | $83.4M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | $195.7K | $1.0M | $777.9K | $0 | — | — | — | — |
| SG&A Expense | $29.1M | $22.2M | $18.1M | $14.2M | $12.8M | $11.3M | $11.3M | $10.6M |
| Operating Income | $4.2M | $-3.1M | $6.0M | $3.4M | $2.6M | $2.7M | $2.1M | $3.4M |
| Operating Margin | 2.2% | -2.1% | 4.1% | 3.0% | 2.6% | 2.6% | 2.3% | 4.1% |
| Interest Expense | $1.7M | — | $80.7K | — | — | — | $11.6K | $1.4K |
| Pretax Income | $2.7M | $-4.2M | $6.2M | $3.4M | — | — | — | — |
| Income Tax Expense | $195.0K | $725.0K | $2.4M | $931.0K | $1.2M | $1.1M | $746.0K | $1.4M |
| Net Income | $2.3M | $-3.2M | $4.4M | $2.5M | $1.5M | $1.7M | $1.4M | $2.1M |
| Net Margin | 1.2% | -2.2% | 3.0% | 2.2% | 1.5% | 1.6% | 1.5% | 2.6% |
| EPS (Basic) | $1.11 | $-1.51 | $1.86 | $1.05 | $0.61 | $0.68 | $0.55 | $0.88 |
| EPS (Diluted) | $1.11 | $-1.51 | $1.84 | $1.04 | $0.60 | $0.68 | $0.55 | $0.87 |
| Shares Outstanding (Basic) | 2.0M | 2.1M | 2.4M | 2.4M | 2.4M | 2.4M | 2.4M | 2.4M |
| Shares Outstanding (Diluted) | 2.0M | 2.1M | 2.4M | 2.4M | 2.4M | 2.5M | 2.5M | 2.5M |
| Dividends Per Share | — | — | — | — | $0.30 | $0.25 | $0.25 | $0.33 |