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Income Statement
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ZIX CORP (ZIXI)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14Dec-31-13
   10-K10-K10-K10-K10-K10-K10-K10-K
Total revenues  218.5173.470.565.760.154.750.348.1
            Revenue growth  26.0%146.1%7.3%9.2%9.9%8.7%4.6%11.0%
Cost of goods sold  112.876.915.212.610.59.68.37.6
Gross profit  105.796.555.353.149.645.142.040.5
            Gross margin  48.4%55.7%78.5%80.8%82.5%82.5%83.5%84.2%
Selling, general and administrative  78.385.234.031.930.728.926.221.6
Research and development  22.820.411.311.09.68.39.19.6
Other operating expenses  0.0       
EBITDA   [+]36.915.313.713.011.610.18.410.8
            EBITDA margin  16.9%8.8%19.4%19.7%19.3%18.4%16.6%22.4%
Depreciation  5.024.43.72.72.32.21.61.5
EBITA  31.9-9.110.010.29.37.96.89.3
            EBITA margin  14.6%-5.3%14.1%15.5%15.5%14.5%13.4%19.4%
Amortization of intangibles  27.3       
EBIT   [+]4.6-9.110.010.29.37.96.89.3
            EBIT margin  2.1%-5.3%14.1%15.5%15.5%14.5%13.4%19.4%
Interest expense, net   [+]7.69.2-0.8-0.30.0-0.2-0.2-0.1
Other income (expense), net  -1.6-0.8  0.2   
Pre-tax income  -4.7-19.110.710.59.58.26.99.4
Income taxes  1.7-4.5-4.718.63.73.12.8-1.0
            Tax rate   23.4% 176.4%38.7%38.5%40.8% 
Net income  -15.5-24.615.4-8.15.85.04.110.5
            Net margin  -7.1%-14.2%21.9%-12.3%9.7%9.2%8.1%21.7%
   
Basic EPS   [+]($0.29)($0.46)$0.29($0.15)$0.11$0.09$0.07$0.17
Diluted EPS   [+]($0.29)($0.46)$0.29($0.15)$0.11$0.09$0.07$0.17
   
Shares outstanding (basic)   [+]54.053.052.653.453.856.457.961.1
Shares outstanding (diluted)   [+]54.053.053.553.454.457.559.062.5
   
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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