Innovative Aerosystems, Inc.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $16.8M | $28.0M | $20.1M | $44.1M | $31.6M | $24.6M | $25.7M | $25.3M |
| Cost of Revenue | $8.7M | $11.5M | $13.1M | $30.5M | $18.9M | $14.1M | $11.9M | $11.5M |
| Gross Profit | $8.1M | $16.5M | $6.9M | $13.6M | $12.6M | $10.5M | $13.8M | $13.7M |
| Gross Margin | 48.4% | 58.9% | 34.5% | 30.8% | 40.0% | 42.8% | 53.6% | 54.4% |
| Operating Expenses | ||||||||
| Research & Development | $4.5M | $4.9M | $2.7M | $2.6M | $2.6M | $2.7M | $5.5M | $5.2M |
| SG&A Expense | $3.7M | $9.2M | $7.8M | $11.1M | $8.1M | $7.4M | $7.7M | $8.1M |
| Operating Income | $-77.6K | $2.4M | $-3.6M | $-142.9K | $1.9M | $416.5K | $607.9K | $403.5K |
| Operating Margin | -0.5% | 8.7% | -18.0% | -0.3% | 6.1% | 1.7% | 2.4% | 1.6% |
| Interest Expense | — | — | — | — | — | $598 | $1.5K | $2.4K |
| Pretax Income | $4.8M | $2.6M | $-3.6M | $-83.4K | $2.0M | $581.9K | $900.4K | $639.3K |
| Income Tax Expense | $247.9K | $568.3K | $2.3M | $-283.6K | $119.8K | $-2.4M | $183.8K | $-109.1K |
| Net Income | $4.6M | $2.0M | $-5.9M | $200.3K | $1.9M | $3.0M | $716.6K | $748.4K |
| Net Margin | 27.2% | 7.1% | -29.2% | 0.5% | 6.0% | 12.1% | 2.8% | 3.0% |
| EPS (Basic) | $0.27 | $0.12 | $-0.35 | $0.01 | $0.11 | $0.18 | $0.04 | $0.04 |
| EPS (Diluted) | $0.27 | $0.12 | $-0.35 | $0.01 | $0.11 | $0.18 | $0.04 | $0.04 |
| Shares Outstanding (Basic) | 16.7M | 16.9M | 16.9M | 16.9M | 16.8M | 16.6M | 16.8M | 16.8M |
| Shares Outstanding (Diluted) | 16.9M | 17.0M | 16.9M | 17.1M | 16.9M | 16.6M | 16.8M | 16.8M |
| Dividends Per Share | — | — | — | — | $1.50 | — | — | — |