VARONIS SYSTEMS, INC.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 |
|---|---|---|---|---|---|---|
| Revenue | $215.4M | $165.9M | $127.2M | $101.3M | $74.6M | $53.4M |
| Cost of Revenue | $20.7M | $15.7M | $12.0M | $9.9M | $6.5M | $4.9M |
| Gross Profit | $194.7M | $150.1M | $115.2M | $91.4M | $68.1M | $48.5M |
| Gross Margin | 90.4% | 90.5% | 90.6% | 90.2% | 91.3% | 90.8% |
| Operating Expenses | ||||||
| Research & Development | $47.4M | $36.7M | $31.8M | $28.1M | $21.0M | $15.0M |
| SG&A Expense | $26.8M | $19.8M | $16.1M | $11.9M | $8.9M | $5.0M |
| Operating Income | $-13.4M | $-12.0M | $-19.1M | $-17.3M | $-5.8M | $-1.6M |
| Operating Margin | -6.2% | -7.2% | -15.0% | -17.1% | -7.8% | -2.9% |
| Interest Expense | — | — | — | — | — | $86.0K |
| Pretax Income | $-11.1M | $-12.9M | $-20.6M | $-19.0M | $-7.1M | $-4.6M |
| Income Tax Expense | $2.8M | $1.3M | $686.0K | $376.0K | $356.0K | $247.0K |
| Net Income | $-13.8M | $-14.2M | $-21.3M | $-19.4M | $-7.5M | $-4.8M |
| Net Margin | -6.4% | -8.6% | -16.7% | -19.1% | -10.0% | -9.1% |
| EPS (Basic) | $-0.50 | $-0.54 | $-0.84 | $-0.91 | $-1.93 | $-1.29 |
| EPS (Diluted) | $-0.50 | $-0.54 | $-0.84 | $-0.91 | $-1.93 | $-1.29 |
| Shares Outstanding (Basic) | 28.1M | 26.8M | 26.1M | 24.7M | 4.0M | — |
| Shares Outstanding (Diluted) | 28.1M | 26.8M | 26.1M | 24.7M | 4.0M | — |
| Dividends Per Share | — | — | — | — | — | — |