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Heritage Global Inc. (HGBL)

Income Statement Business | Product

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Total revenues   [+]46.925.826.226.223.720.123.817.4
            Revenue growth  81.9%-1.5%0.1%10.6%17.6%-15.5%36.7%-12.8%
Cost of goods sold   [+]42.822.723.96.44.05.911.33.1
Gross profit  4.13.12.319.819.614.312.514.3
            Gross margin  8.8%12.0%8.6%75.7%82.9%70.9%52.5%82.1%
Selling, general and administrative     15.915.213.612.012.8
Research and development          
Equity in earnings     1.4    
Other operating expenses         5.9
EBITDA   [+]4.73.62.63.94.40.70.5-4.3
            EBITDA margin  10.0%13.8%10.0%15.0%18.6%3.4%2.1%-24.9%
Depreciation  0.10.10.10.10.10.10.10.0
EBITA  4.63.52.53.94.30.60.5-4.4
            EBITA margin  9.7%13.4%9.7%14.7%18.3%3.0%1.9%-25.2%
Amortization of intangibles  0.40.40.30.20.30.20.30.5
EBIT   [+]4.13.12.33.64.10.40.2-4.9
            EBIT margin  8.8%12.0%8.6%13.8%17.2%1.8%0.8%-28.2%
Non-recurring items   [+]   0.6   5.4
Interest expense         0.3
Other income (expense), net  6.9-0.13.8-0.1-0.1-1.0-0.20.3
Pre-tax income  11.03.06.03.04.0-0.70.0-10.4
Income taxes  -4.5-0.1-3.6-0.90.3-0.40.00.0
            Tax rate      6.7%62.8%60.0% 
Net income  15.53.19.73.93.8-0.20.0-10.4
            Net margin  33.0%11.8%36.9%14.9%15.9%-1.2%0.1%-59.8%
   
Basic EPS   [+]$0.43$0.09$0.32$0.14$0.13($0.01)$0.00($0.37)
Diluted EPS   [+]$0.42$0.08$0.30$0.13$0.13($0.01)$0.00($0.37)
   
Shares outstanding (basic)   [+]36.035.530.228.728.628.528.428.3
Shares outstanding (diluted)   [+]37.136.932.729.328.928.528.428.3
   
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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