Ring Energy, Inc.
Income Statement
| Line Item | FY2017 | FY2016 |
|---|---|---|
| Revenue | $66.7M | $30.9M |
| Cost of Revenue | $16.0M | $9.9M |
| Gross Profit | $50.7M | $21.0M |
| Gross Margin | 76.0% | 68.0% |
| Operating Expenses | ||
| Research & Development | — | — |
| SG&A Expense | $10.5M | $8.0M |
| Operating Income | $16.0M | $-57.0M |
| Operating Margin | 23.9% | -184.9% |
| Interest Expense | $0 | $649.0K |
| Pretax Income | $12.2M | $-57.6M |
| Income Tax Expense | $10.4M | $-20.0M |
| Net Income | $1.8M | $-37.6M |
| Net Margin | 2.6% | -122.0% |
| EPS (Basic) | $0.03 | $-0.97 |
| EPS (Diluted) | $0.03 | $-0.97 |
| Shares Outstanding (Basic) | 51.4M | 38.7M |
| Shares Outstanding (Diluted) | 52.8M | 38.7M |
| Dividends Per Share | — | — |