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Magic Software Enterprises Ltd. (MGIC)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
11.55+0.35 (+3.13%)
At close: 04:00PM EDT
11.55 0.00 (0.00%)
After hours: 04:00PM EDT
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Annual

Income Statement

All numbers in thousands
Breakdown
ttm
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Total Revenue
521,999
535,052
566,792
480,325
371,194
Cost of Revenue
372,660
382,065
411,437
347,331
261,602
Gross Profit
149,339
152,987
155,355
132,994
109,592
Operating Expense
92,729
95,639
94,499
78,364
67,916
Operating Income
56,610
57,348
60,856
54,630
41,676
Net Non Operating Interest Income Expense
-6,190
-4,326
-3,601
-3,689
-514
Other Income Expense
-1,178
-586
162
-5,324
-3,759
Pretax Income
49,242
52,436
57,417
45,617
37,403
Tax Provision
10,435
9,934
11,138
10,278
7,286
Net Income Common Stockholders
33,459
37,031
40,470
29,767
23,869
Diluted NI Available to Com Stockholders
33,459
37,031
40,470
29,767
23,869
Basic EPS
0.77
0.75
0.79
0.52
0.49
Diluted EPS
0.77
0.75
0.79
0.52
0.49
Basic Average Shares
49,094
49,096
49,089
49,055
49,029
Diluted Average Shares
49,117
49,098
49,138
49,100
49,048
Total Operating Income as Reported
55,778
57,108
61,762
52,123
40,588
Total Expenses
465,389
477,704
505,936
425,695
329,518
Net Income from Continuing & Discontinued Operation
33,608
37,031
40,470
29,767
25,186
Normalized Income
34,492
37,461
40,339
33,891
28,213
Interest Income
-
4,901
1,392
113
100
Interest Expense
11,091
9,227
4,993
3,802
614
Net Interest Income
-6,190
-4,326
-3,601
-3,689
-514
EBIT
60,333
61,663
62,410
49,419
38,017
EBITDA
81,075
82,216
82,205
69,256
51,956
Reconciled Cost of Revenue
372,660
382,065
411,437
347,331
261,602
Reconciled Depreciation
20,742
20,553
19,795
19,837
13,939
Net Income from Continuing Operation Net Minority Interest
33,608
37,031
40,470
29,767
25,186
Total Unusual Items Excluding Goodwill
-1,122
-530
162
-5,324
-3,759
Total Unusual Items
-1,122
-530
162
-5,324
-3,759
Normalized EBITDA
82,197
82,746
82,043
74,580
55,715
Tax Rate for Calcs
0
0
0
0
0
Tax Effect of Unusual Items
-237.7659
-100.4085
31.4255
-1,200
-732.2427