FullNet Communications, Inc.
Income Statement
| Line Item | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.2M | $4.3M | $4.1M | $3.5M | $2.4M | $2.1M | $1.9M | $1.9M |
| Cost of Revenue | — | — | — | — | — | — | — | $78.0K |
| Gross Profit | $3.1M | $3.4M | $3.4M | $3.0M | — | — | — | $1.9M |
| Gross Margin | 74.9% | 78.7% | 82.1% | 85.7% | — | — | — | 96.0% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | $1.6M |
| Operating Income | $512.2K | $830.2K | $1.2M | $730.1K | $200.5K | $-14.8K | $78.9K | $61.1K |
| Operating Margin | 12.2% | 19.4% | 28.4% | 20.8% | 8.3% | -0.7% | 4.2% | 3.1% |
| Interest Expense | — | — | — | $0 | $277 | $1.8K | — | $-15.2K |
| Pretax Income | $659.8K | $902.8K | $1.2M | $733.3K | $317.3K | — | — | — |
| Income Tax Expense | $127.7K | $230.5K | $300.8K | $-339.2K | $0 | — | — | — |
| Net Income | $532.1K | $672.2K | $893.0K | $1.1M | $317.3K | $267.1K | $-26.8K | $-6.0K |
| Net Margin | 12.7% | 15.7% | 21.6% | 30.6% | 13.1% | 12.9% | -1.4% | -0.3% |
| EPS (Basic) | $0.02 | $0.03 | $0.05 | $0.07 | $0.02 | $0.01 | $0.00 | $-0.01 |
| EPS (Diluted) | — | — | — | — | $0.01 | $0.01 | $0.00 | $-0.01 |
| Shares Outstanding (Basic) | 19.5M | 18.4M | 16.7M | 14.9M | 14.3M | 12.3M | 11.9M | 9.3M |
| Shares Outstanding (Diluted) | 19.6M | 18.9M | 19.2M | 17.5M | 16.8M | 15.3M | 14.9M | 10.9M |
| Dividends Per Share | — | — | — | — | — | — | — | — |