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ENVIRONMENTAL TECTONICS CORP (ETCC)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsFeb-24-12Feb-25-11Feb-26-10Feb-27-09Feb-29-08Feb-23-07Feb-24-06Feb-25-05
   10-K10-K10-K10-K/A10-K10-K10-K10-K
Total revenues  66.355.53.636.722.7 25.127.8
            Revenue growth  19.6%1425.5%-90.1%61.4%  -9.9%7.0%
Cost of goods sold  42.833.71.924.818.4 19.721.6
Gross profit  23.521.81.711.94.4 5.46.2
            Gross margin  35.5%39.3%47.9%32.3%19.3% 21.3%22.2%
Selling, general and administrative   [+]14.011.82.211.116.4 9.612.5
Research and development  1.41.7-0.31.10.7 0.40.9
Other operating expenses      -1.1 0.0 
EBITDA   [+]9.99.6 1.5-9.6 -2.1-4.7
            EBITDA margin  14.9%17.4%-4.2%4.0%-42.2% -8.6%-17.0%
Depreciation and amortization  1.81.4 1.82.0 2.62.4
EBIT   [+]8.18.3-0.2-0.3-11.6 -4.7-7.1
            EBIT margin  12.3%15.0%-4.2%-0.9%-51.0% -18.8%-25.6%
Non-recurring items   [+]    0.5   
Interest expense  0.70.80.11.61.6 1.91.8
Other income (expense), net  0.1-0.60.9-0.1-0.2 0.0-0.3
Pre-tax income  7.56.90.6-2.0-13.9 -6.6-9.2
Income taxes  2.6-7.710.30.00.0 0.1-1.1
            Tax rate  35.0% 1683.3%0.0%   12.1%
Minority interest  0.00.0      
Net income  2.712.3-9.7-2.9-14.6 -6.7-8.1
            Net margin  4.0%22.1%-266.1%-7.9%-64.0% -26.8%-29.2%
   
Basic EPS   [+]$0.13$0.60  ($1.61) ($0.74)($1.06)
Diluted EPS   [+]$0.13$0.59 ($0.32)($1.61) ($0.74)($1.06)
   
Shares outstanding (basic)   [+]20.220.5  9.0 9.07.7
Shares outstanding (diluted)   [+]20.520.9 9.09.0 9.07.7
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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