Cynergistek, inc. (CTEK)
Income statement / TTM
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

20,706

21,364

22,570

23,460

22,710

21,311

33,026

45,267

57,758

71,638

69,146

65,576

63,939

60,200

60,067

61,467

61,921

61,253

57,342

52,874

47,635

44,032

44,154

43,703

43,127

42,974

40,304

38,280

39,201

35,647

31,727

29,618

23,700

21,845

20,131

17,045

0

0

0

Cost of revenues

12,957

13,018

12,952

12,685

12,198

11,122

20,652

29,497

39,480

50,739

50,399

49,738

49,349

47,888

47,954

49,725

51,155

50,664

47,987

43,852

39,010

35,799

35,924

35,783

35,283

35,294

33,327

32,180

33,345

31,018

28,310

26,284

20,980

19,131

16,897

14,291

0

0

0

Gross profit

7,749

8,346

9,617

10,774

10,512

10,189

12,374

15,769

18,278

20,899

18,747

15,838

14,589

12,312

12,113

11,741

10,766

10,589

9,354

9,022

8,625

8,232

8,230

7,920

7,844

7,680

6,976

6,099

5,855

4,628

3,416

3,334

2,720

2,714

3,234

2,754

0

0

0

Operating expenses:
Sales and marketing

5,353

5,347

5,207

5,310

5,298

5,185

5,565

5,701

5,746

5,747

4,754

4,060

3,421

2,723

2,583

2,659

2,738

2,809

2,776

2,585

2,358

2,125

2,068

2,016

1,938

2,112

2,217

2,539

2,594

2,604

2,489

2,256

2,164

1,830

1,763

1,520

0

0

0

General and administrative expenses

7,342

6,891

6,356

6,018

5,921

6,437

6,694

7,192

7,657

7,662

6,993

6,769

6,585

6,174

6,931

6,905

7,179

6,802

5,897

5,495

4,616

4,432

4,397

4,105

3,995

3,785

3,742

3,738

3,758

3,654

3,651

3,474

3,404

3,360

3,084

3,187

0

0

0

Change in valuation of contingent earn-out

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation

190

182

175

164

151

147

203

264

327

383

0

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of acquisition-related intangibles

1,853

1,890

1,810

1,810

1,810

1,810

1,878

1,945

2,013

2,080

0

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

15,176

14,747

13,810

13,742

13,621

14,019

15,916

16,678

17,319

17,449

16,780

15,447

14,005

12,284

9,718

9,565

9,917

9,611

8,674

8,080

6,975

6,557

6,465

6,122

5,933

5,898

5,960

6,278

6,353

6,259

6,140

5,731

5,568

5,191

4,848

4,708

0

0

0

Loss from operations

-7,426

-6,400

-4,192

-2,968

-3,108

-3,830

-3,542

-908

959

3,450

1,966

390

584

27

2,394

2,176

848

977

680

942

1,649

1,674

1,764

1,797

1,910

1,782

1,016

-178

-498

-1,630

-2,724

-2,396

-2,848

-2,476

-1,613

-1,954

0

0

0

Other income (expense):
Other income

0

0

0

0

0

0

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Interest income

83

77

58

16

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

-

-

1

0

0

0

Interest expense

345

617

783

1,106

1,334

1,437

1,458

1,479

1,514

1,526

1,183

831

478

91

98

108

119

127

113

123

194

259

346

406

408

436

460

484

494

465

447

386

272

171

63

-3

0

0

0

Loss on disposition of property and equipment

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Change in fair value of derivative liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-279

-250

0

0

-

0

-

-

-

-

Total other income (expense)

-264

-542

-727

-1,089

-1,333

-1,437

-1,460

-1,479

-1,514

-1,527

-1,181

-831

-478

-91

0

0

0

-

0

0

-

-259

-346

-326

-328

-356

-380

-678

-483

-743

-685

-400

-491

-107

-43

-8

0

0

0

Loss before benefit for income taxes

-7,691

-6,943

-4,920

-4,057

-4,442

-5,267

-5,003

-2,388

-555

1,923

785

-441

105

-64

2,916

2,687

1,348

1,469

630

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss before provision for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income before provision for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,426

636

-857

-981

-2,374

-3,409

-2,797

-3,340

-2,584

-1,657

-1,963

0

0

0

Income tax benefit

-1,915

-1,528

-1,207

-1,197

-847

-1,305

544

1,664

1,749

2,365

-4,225

-5,036

-5,063

-5,074

278

194

152

152

40

79

79

78

91

74

74

78

33

11

11

7

6

6

6

7

0

0

0

-

-

Net loss from continuing operations

-5,775

-5,414

-3,712

-2,860

-3,595

-3,962

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

1,268

20,305

20,231

21,796

23,743

5,855

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (loss) income

-4,507

14,890

16,518

18,935

20,148

1,893

-1,044

-1,109

-1,155

-442

5,011

4,595

5,169

5,009

2,637

2,493

1,196

1,316

526

738

1,375

1,336

1,326

1,396

1,507

1,347

602

-868

-992

-2,381

-3,416

-2,803

-3,346

-2,591

-1,660

-1,966

0

0

0

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