Cynergistek, inc. (CTEK)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Net revenues

5,115

5,767

4,766

5,057

5,773

6,973

5,655

4,308

4,374

18,688

17,897

16,798

18,254

16,196

14,326

15,162

14,515

16,063

15,725

15,616

13,847

12,152

11,257

10,377

10,244

12,275

10,806

9,801

10,092

9,604

8,782

10,722

6,537

5,684

6,674

4,803

4,683

3,970

3,587

Cost of revenues

3,423

3,404

3,165

2,963

3,484

3,339

2,898

2,476

2,408

12,869

11,743

12,458

13,667

12,529

11,082

12,070

12,206

12,595

12,853

13,500

11,715

9,918

8,718

8,658

8,504

10,043

8,577

8,157

8,515

8,076

7,430

9,323

6,188

5,369

5,403

4,019

4,339

3,135

2,797

Gross profit

1,692

2,362

1,600

2,093

2,289

3,634

2,757

1,831

1,965

5,819

6,153

4,339

4,587

3,667

3,243

3,091

2,309

3,468

2,872

2,116

2,132

2,234

2,539

1,719

1,739

2,231

2,229

1,643

1,576

1,527

1,351

1,399

349

315

1,270

784

343

835

790

Operating expenses:
Sales and marketing

1,487

1,439

1,090

1,335

1,481

1,299

1,193

1,324

1,367

1,679

1,329

1,369

1,369

686

636

730

671

545

712

808

742

512

521

582

508

456

469

504

682

561

791

559

692

445

559

467

358

378

316

General and administrative expenses

2,104

2,083

1,689

1,465

1,653

1,548

1,350

1,368

2,169

1,806

1,849

1,832

2,174

1,137

1,624

1,649

1,763

1,895

1,597

1,923

1,386

990

1,194

1,044

1,201

955

903

934

992

912

899

954

888

909

722

884

844

633

825

Change in valuation of contingent earn-out

-

-

-178

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation

47

46

47

49

38

39

36

35

35

95

97

98

91

-

111

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of acquisition-related intangibles

416

531

452

452

452

452

452

452

452

520

520

520

520

-

91

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

4,055

4,715

3,101

3,302

3,626

3,779

3,034

3,181

4,024

5,676

3,796

3,821

4,155

5,007

2,463

2,379

2,434

2,441

2,310

2,731

2,128

1,503

1,716

1,627

1,710

1,411

1,373

1,438

1,674

1,473

1,691

1,514

1,580

1,355

1,281

1,351

1,202

1,012

1,142

Loss from operations

-2,363

-2,352

-1,501

-1,208

-1,337

-144

-276

-1,349

-2,059

143

2,356

518

432

-1,340

780

712

-125

1,026

561

-615

3

730

823

91

29

820

856

204

-98

53

-339

-114

-1,230

-1,039

-11

-566

-858

-176

-352

Other income (expense):
Other income

0

0

0

0

0

0

0

0

0

-

1

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

80

-

-

-

-

-

-

-

-

-

-

-

-

Interest income

6

19

41

16

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-0

0

0

-

-

0

0

0

0

Interest expense

24

177

30

113

295

343

352

341

399

364

373

376

412

20

21

23

25

27

31

34

34

12

42

105

98

99

102

107

126

123

126

116

97

105

65

3

-3

-2

-1

Loss on disposition of property and equipment

-

-

-2

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

34

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Change in fair value of derivative liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-194

205

-290

-

29

-

-

-

-

Total other income (expense)

-18

-158

8

-96

-295

-343

-352

-341

-399

-366

-371

-376

-412

-20

-21

-23

-25

-

-31

-34

-

-12

-42

-105

-98

-99

-22

-107

-126

-123

-320

88

-387

-65

-35

-3

-2

-1

-0

Loss before benefit for income taxes

-2,381

-2,511

-1,492

-1,305

-1,633

-488

-629

-1,690

-2,458

-223

1,985

142

19

-1,361

758

689

-150

1,619

529

-649

-30

-

780

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss before provision for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-13

-69

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income before provision for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

720

833

97

-224

-69

-660

-26

-1,617

-1,105

-47

-569

-861

-178

-353

Income tax benefit

-531

-782

-236

-366

-144

-461

-225

-16

-602

1,388

895

68

13

-5,202

84

41

2

150

0

0

2

38

39

0

1

51

21

0

5

5

0

0

1

5

0

0

2

-

-

Net loss from continuing operations

-1,850

-1,729

-1,256

-939

-1,489

-27

-404

-1,674

-1,856

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from discontinued operations, including gain on sale, net of tax

0

1,426

-6

-152

19,036

1,353

1,558

1,795

1,149

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (loss) income

-1,850

-302

-1,263

-1,091

17,547

1,325

1,154

121

-707

-1,612

1,089

74

6

3,840

674

647

-153

1,469

529

-649

-32

679

741

-13

-70

669

811

97

-230

-75

-660

-26

-1,619

-1,110

-47

-569

-864

-178

-353

From continuing operations:
Basic

-0.18

-0.17

-0.13

-0.10

-0.15

-0.01

-0.04

-0.17

-0.19

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted

-0.18

-0.17

-0.13

-0.10

-0.15

-0.01

-0.04

-0.17

-0.19

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

From discontinued operations:
Basic

0.00

0.11

0.00

-0.02

1.97

0.14

0.16

0.19

0.12

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted

0.00

0.13

0.00

-0.02

1.92

0.13

0.16

0.18

0.12

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (loss) income:
Basic

-0.18

-0.06

-0.13

-0.11

1.81

0.14

0.12

0.01

-0.07

-0.17

0.11

0.01

0.00

0.47

0.08

0.08

-0.02

0.17

0.02

-0.03

0.00

0.03

0.03

0.00

0.00

0.04

0.04

0.00

-0.01

-0.01

-0.03

0.00

-0.08

-0.06

0.00

-0.03

-0.04

-0.01

-0.02

Diluted

-0.18

-0.04

-0.13

-0.11

1.77

0.13

0.12

0.01

-0.07

-0.17

0.11

0.01

0.00

0.46

0.08

0.08

-0.02

0.17

0.02

-0.03

0.00

0.04

0.03

0.00

-0.01

0.03

0.04

0.00

-0.01

-0.01

-0.03

0.00

-0.08

-0.06

0.00

-0.03

-0.04

-0.01

-0.02

Number of weighted average shares outstanding:
Basic

10,374

10,173

9,795

9,791

9,673

9,616

9,616

9,613

9,586

9,543

9,501

9,438

9,216

8,186

8,185

8,170

8,150

-39,946

24,274

24,191

23,681

23,647

23,067

20,877

20,658

20,549

20,197

20,176

20,115

19,746

19,595

19,568

19,449

19,436

19,395

19,336

19,336

19,278

19,237

Diluted

10,374

10,484

9,795

9,791

9,931

10,315

9,762

9,827

9,586

7,923

9,881

10,281

9,615

8,441

8,272

8,270

8,150

-39,551

24,983

24,191

23,681

25,877

24,736

20,877

22,258

29,197

21,073

20,987

20,115

19,746

19,595

19,568

19,449

19,436

19,395

19,336

19,336

19,278

19,237