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Income Statement
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FALCONSTOR SOFTWARE INC (FALC)

Income Statement Business | Product | Customer

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-05-22Dec-31-21Dec-05-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17
   10-K8-K10-K8-K10-K10-K10-K10-K
Revenues:  
    Asia Pacific  2.0 2.8 3.76.26.99.1
    Europe, Middle East, Africa and Other  3.7 5.6 5.76.07.08.4
    Americas  4.4 5.5 5.44.34.07.6
Total revenues   [+]10.110.113.913.914.816.517.825.2
            Revenue growth   [+]-27.9%-27.9%-5.6% -10.7%-7.3%-29.1%-16.9%
Cost of goods sold   [+]1.61.62.02.01.82.93.05.5
Gross profit  8.58.512.012.012.913.614.919.6
            Gross margin  84.4%84.4%86.0%86.0%87.6%82.4%83.3%78.0%
Selling, general and administrative   [+]7.27.28.68.67.610.09.712.2
Research and development  2.62.62.82.82.53.23.96.5
EBITDA   [+]-1.1 0.8 3.10.81.91.9
            EBITDA margin  -11.3%-12.5%5.7%4.2%20.8%5.1%10.4%7.5%
Depreciation  0.1 0.1 0.20.30.50.9
EBITA  -1.2-1.30.60.62.90.51.31.0
            EBITA margin  -12.2%-12.5%4.7%4.2%19.6%3.3%7.5%4.1%
Amortization of intangibles  0.0 0.1 0.00.10.10.2
EBIT   [+]-1.3-1.30.60.62.80.41.20.9
            EBIT margin  -12.5%-12.5%4.2%4.2%19.3%2.7%6.8%3.4%
Non-recurring items   [+]0.00.00.20.21.01.11.3-0.2
Other income (expense), net   [+]-0.3-0.30.10.1-0.7-0.6-0.60.0
Pre-tax income  -1.6-1.60.50.51.1-1.3-0.71.1
Income taxes  0.20.20.50.50.00.50.20.0
            Tax rate    108.7%108.7%   0.7%
Earnings from continuing ops  -1.5-3.3-1.5-1.5-0.6-3.3-4.50.2
Earnings from discontinued ops  -1.8       
Net income  -3.3-3.3-1.5-1.5-0.6-3.3-4.50.2
            Net margin  -33.3%-33.3%-10.7%-10.7%-3.7%-19.9%-25.0%0.7%
   
Basic EPS   [+]($0.22)($0.47)($0.23)($0.23)($0.09)($0.56)($4.79)$0.00
Diluted EPS   [+]($0.22)($0.47)($0.23)($0.23)($0.09)($0.56)($4.79)$0.00
   
Shares outstanding (basic)   [+]7.17.16.56.55.95.90.944.4
Shares outstanding (diluted)   [+]7.17.16.56.55.95.90.947.0
   
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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