| Dec'19 | Dec'18 | Dec'17 | Dec'16 | |||
|---|---|---|---|---|---|---|
Revenue | ||||||
107,524 | 74,643 | - | - | |||
Revenue | ||||||
- | - | 36,506 | 27,371 | |||
Cost of revenue | ||||||
56,870 | 40,194 | 19,281 | 14,042 | |||
Gross profit | ||||||
50,654 | 34,449 | 17,225 | 13,329 | |||
Operating expenses: | ||||||
Sales and marketing | ||||||
11,902 | 9,611 | - | - | |||
Sales and marketing | ||||||
- | - | 5,500 | 3,907 | |||
Research and development | ||||||
12,900 | 10,380 | 5,138 | 3,259 | |||
General and administrative | ||||||
8,061 | 7,987 | 5,887 | 2,673 | |||
Total operating expenses, net | ||||||
32,863 | 27,978 | 16,525 | 9,839 | |||
Income from operations | ||||||
17,791 | 6,471 | 700 | 3,490 | |||
Interest income | ||||||
333 | 29 | 9 | 16 | |||
Interest expense | ||||||
745 | 498 | 277 | 181 | |||
Other income (expense), net | ||||||
1,393 | 1,255 | - | - | |||
Other? income (expense),? net | ||||||
- | - | -794 | -343 | |||
Equity income in net income of affiliates | ||||||
168 | 123 | 37 | 0 | |||
Income before income taxes | ||||||
18,940 | 7,380 | -325 | 2,982 | |||
Income tax expense (note 15) | ||||||
-518 | 806 | 547 | 595 | |||
Net income | ||||||
19,458 | 6,574 | -872 | 2,387 | |||
Net income attributable to redeemable non-controlling interests | ||||||
564 | 0 | - | - | |||
Less: Net income (loss) attributable to non-controlling interests | ||||||
- | - | -554 | 1,356 | |||
Net income attributable to ACM Research, Inc. | ||||||
18,894 | 6,574 | -318 | 1,031 | |||
Comprehensive income: | ||||||
Net income | ||||||
19,458 | 6,574 | -872 | 2,387 | |||
Foreign currency translation adjustment | ||||||
899 | 979 | 472 | -522 | |||
Comprehensive Income | ||||||
18,559 | 5,595 | -400 | 1,865 | |||
Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to redeemable noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners. | ||||||
483 | 0 | - | - | |||
Less: Comprehensive income (loss) attributable to non-controlling interests | ||||||
- | - | -369 | 1,161 | |||
Comprehensive income attributable to ACM Research, Inc. | ||||||
18,076 | 5,595 | -31 | 704 | |||
Net income attributable to ACM Research, Inc. per common share (note 2): | ||||||
Basic (in dollars per share) | ||||||
1.12 | 0.42 | -0.05 | 0.30 | |||
Diluted (in dollars per share) | ||||||
0.99 | 0.37 | -0.05 | 0.18 | |||
Weighted average common shares outstanding used in computing per share amounts (note 2): | ||||||
Basic (in shares) | ||||||
16,800 | 15,788 | 6,865 | 2,176 | |||
Diluted (in shares) | ||||||
19,135 | 17,912 | 6,865 | 3,792 | |||