SHUTTERSTOCK, INC.
Income Statement
| Line Item | FY2017 | FY2016 |
|---|---|---|
| Revenue | $557.1M | $494.3M |
| Cost of Revenue | $233.1M | $203.1M |
| Gross Profit | $324.0M | $291.2M |
| Gross Margin | 58.2% | 58.9% |
| Operating Expenses | ||
| Research & Development | $52.5M | $47.8M |
| SG&A Expense | $98.7M | $71.0M |
| Operating Income | $26.3M | $45.8M |
| Operating Margin | 4.7% | 9.3% |
| Interest Expense | — | — |
| Pretax Income | $30.1M | $44.5M |
| Income Tax Expense | $13.4M | $11.9M |
| Net Income | $16.7M | $32.6M |
| Net Margin | 3.0% | 6.6% |
| EPS (Basic) | $0.48 | $0.93 |
| EPS (Diluted) | $0.47 | $0.91 |
| Shares Outstanding (Basic) | 34.6M | 35.1M |
| Shares Outstanding (Diluted) | 35.3M | 35.9M |
| Dividends Per Share | — | — |