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MAGIC SOFTWARE ENTERPRISES LTD (MGIC) Add to portfolio


Recent News + Filings   (All items)

Financial Summary   (All financials)
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
Revenues10.712.2371.2325.6284.4258.1201.6176.0
            Revenue growth-12.2%-96.7%14.0%14.5%10.2%28.0%14.6%7.1%
Cost of goods sold0.00.0261.6223.5195.6175.2133.4123.5
Gross profit10.712.2109.6102.188.883.068.352.5
            Gross margin100.0%100.0%29.5%31.4%31.2%32.1%33.9%29.8%
Selling, general and administrative0.00.0      
Sales and marketing0.00.031.230.527.227.223.823.1
Research and development  8.88.25.76.95.84.9
General and administrative0.00.028.029.524.222.817.613.4
EBITA0.00.053.246.431.726.031.830.5
            EBITA margin0.0%0.0%14.3%14.3%11.1%10.1%15.8%17.3%
Amortization of intangibles  12.612.8  10.79.1
EBIT0.00.040.633.731.726.021.121.4
            EBIT margin0.0%0.0%10.9%10.3%11.1%10.1%10.5%12.2%
Pre-tax income0.00.037.432.531.824.220.720.8
Income taxes0.00.07.36.97.16.33.93.7
            Tax rate  19.5%21.2%22.2%26.1%19.1%17.7%
Net income0.00.027.723.423.317.016.416.8
            Net margin0.0%0.0%7.5%7.2%8.2%6.6%8.1%9.6%
 
Diluted EPS$0.00$0.00$0.57$0.48$0.50$0.38$0.37$0.38
Shares outstanding (diluted)0.00.049.049.046.844.644.544.5
 
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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