Financials in USD. Standardized financial statements.
A compact view of how Veritec, Inc. turns revenue into operating income and net income.
| Metric | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $461,000 | $356,000 | $353,000 | $389,000 | $438,000 | $306,529 | $498,481 | $325,536 | $681,088 | $945,807 |
| Revenue Growth? | +29.5% | +0.8% | -9.3% | -11.2% | +42.9% | -38.5% | +53.1% | -52.2% | -28.0% | 0.0% |
| Cost of Revenue? | $173,000 | $211,000 | $199,000 | $222,000 | $210,000 | $229,891 | $247,408 | $260,614 | $322,981 | $329,703 |
| Gross Profit? | $288,000 | $145,000 | $154,000 | $167,000 | $228,000 | $76,638 | $251,073 | $64,922 | $358,107 | $616,104 |
| Gross Margin? | +62.5% | +40.7% | +43.6% | +42.9% | +52.1% | +25.0% | +50.4% | +19.9% | +52.6% | +65.1% |
| Operating Expenses? | $796,000 | $883,000 | $728,000 | $861,000 | $630,000 | $623,709 | $618,925 | $848,955 | $796,281 | $1.02M |
| Operating Income? | -$508,000 | -$738,000 | -$574,000 | -$694,000 | -$402,000 | -$547,071 | -$367,852 | -$784,033 | -$438,174 | -$407,987 |
| EBITDA? | -$508,000 | $0 | $515,000 | $0 | $167,000 | -$547,071 | -$351,810 | -$901,010 | -$373,595 | -$359,451 |
| Income Before Tax | -$1.06M | -$1.23M | -$506,000 | -$1.09M | -$576,000 | -$849,403 | -$18,210 | -$1.37M | -$1.30M | -$907,474 |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income? | -$1.06M | -$1.23M | -$506,000 | -$1.09M | -$576,000 | -$849,403 | -$18,210 | -$1.37M | -$1.30M | -$907,474 |
| EPS? | $-0.03 | $-0.03 | $-0.01 | $-0.03 | $-0.02 | $-0.02 | $-0.00 | $-0.03 | $-0.04 | $-0.06 |
| Diluted EPS? | $-0.03 | $-0.03 | $-0.01 | $-0.03 | $-0.02 | $-0.02 | $-0.00 | $-0.03 | $-0.04 | $-0.06 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality