Quorum Information Technologies
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Quorum Information Technologies's past years’ income statements indicate that its last revenue has increased compared to the previous period by 4% to $40,263,528. The net income raised on $233,950 and profit margin reached 1%. Total operating expenses were $16,780,733.
Profit Margin
| 2014 | 9.21M | 192.51K | 2.09% |
|---|---|---|---|
| 2015 | 10.74M | 451.71K | 4.2% |
| 2016 | 12.17M | 493.05K | 4.05% |
| 2017 | 12.74M | 474.41K | 3.72% |
| 2018 | 16.44M | -710.93K | -4.32% |
| 2019 | 32.84M | -1.10M | -3.37% |
| 2020 | 30.85M | -1.85M | -6.03% |
| 2021 | 36.05M | -2.71M | -7.52% |
| 2022 | 38.80M | -1.41M | -3.64% |
| 2023 | 40.26M | 233.95K | 0.58% |
QIS.V Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 40.26M | 38.80M | 36.05M | 30.85M | 32.84M | 16.44M | 12.74M | 12.17M | 10.74M | 9.21M |
Cost of revenue | 21.00M | 20.14M | 19.64M | 17.20M | 17.61M | 8.41M | 6.23M | 5.81M | 5.17M | 4.19M |
Gross profit | 19.26M | 18.66M | 16.40M | 13.65M | 15.22M | 8.02M | 6.51M | 6.36M | 5.57M | 5.01M |
Operating exp. | ||||||||||
Research and development | 4.11M | 2.62M | 1.41M | 897.70K | 710.92K | 0 | 1.10M | 0 | 809.51K | 695.41K |
Selling and marketing | 2.57M | 3.41M | 3.47M | 2.89M | 3.16M | 1.96M | 1.53M | 307.00K | 287.91K | 152.17K |
Total operating expenses | 16.78M | 18.23M | 16.41M | 14.10M | 15.17M | 8.43M | 5.94M | 5.69M | 4.88M | 4.41M |
Operating income | 2.48M | 461.76K | 2.63K | -390.62K | 57.73K | -413.30K | 562.49K | 674.16K | 681.72K | 606.95K |
Other income (expenses), net | -2.13M | -1.56M | -3.21M | -1.43M | -1.33M | -77.64K | 937.03K | -10.46K | -88.13K | -104.87K |
Income before tax | 346.27K | -1.10M | -3.20M | -1.88M | -1.27M | -505.18K | 1.49M | 663.70K | 593.58K | 502.08K |
Income tax expense | 112.32K | 305.94K | -498.39K | -27.25K | -171.46K | 205.74K | 1.02M | 170.65K | 141.87K | 309.57K |
Net income | 233.95K | -1.41M | -2.71M | -1.85M | -1.10M | -710.93K | 474.41K | 493.05K | 451.71K | 192.51K |
Earnings per share | ||||||||||
Basic EPS | 0.00 | -0.01 | -0.03 | -0.02 | -0.01 | -0.01 | 0.00 | 0.00 | 0.01 | 0.00 |
Diluted EPS | 0.00 | -0.01 | -0.03 | -0.02 | -0.01 | -0.01 | 0.00 | 0.00 | 0.01 | 0.00 |