MESABI TRUST
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $10.9M | $9.7M | $26.1M | $22.0M | $31.6M | $34.2M | $33.3M | $13.2M |
| Cost of Revenue | $1.1M | — | — | — | — | — | — | — |
| Gross Profit | $9.8M | — | — | — | — | — | — | — |
| Gross Margin | 89.7% | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $1.1M | $1.2M | $1.3M | — | — | $921.0K | $878.7K | $818.0K |
| Operating Income | — | — | — | — | — | — | — | — |
| Operating Margin | — | — | — | — | — | — | — | — |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | — | — | — | — | — | — | — | — |
| Net Income | $9.8M | $8.6M | $24.8M | $21.1M | $30.7M | $33.2M | $32.5M | $12.4M |
| Net Margin | 89.7% | 88.0% | 95.0% | 95.5% | 97.1% | 97.3% | 97.4% | 93.8% |
| EPS (Basic) | $0.74 | $0.65 | $1.89 | $1.61 | $2.34 | $2.53 | $2.47 | $0.95 |
| EPS (Diluted) | — | — | — | — | — | — | — | — |
| Shares Outstanding (Basic) | 13.1M | 13.1M | 13.1M | 13.1M | — | — | — | — |
| Shares Outstanding (Diluted) | 13.1M | 13.1M | 13.1M | 13.1M | 13.1M | 13.1M | — | — |
| Dividends Per Share | — | — | — | — | — | — | — | — |