Dasan zhone solutions inc (DZSI)
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
Third parties

47,318

77,053

71,292

82,790

73,234

73,398

70,227

75,187

57,906

64,898

60,513

49,080

41,241

53,246

24,772

25,619

18,033

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Related parties

162

552

232

874

855

1,275

1,687

1,070

1,598

3,725

5,925

10,861

10,871

6,226

6,468

8,633

7,307

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total net revenue

47,480

77,605

71,524

83,664

74,089

74,673

71,914

76,257

59,504

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Products and services - third parties

30,956

51,487

48,755

54,855

48,172

50,501

46,852

52,150

36,206

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total net revenue

-

-

-

-

-

-

-

-

-

-

66,438

59,941

52,112

-

31,240

34,252

25,340

61,990

22,591

27,493

27,122

48,927

29,436

32,422

28,609

32,306

31,515

30,048

28,379

28,290

29,198

30,835

27,062

33,432

30,204

31,294

29,572

33,683

33,255

Products and services - third parties

30,956

51,487

48,755

54,855

48,172

50,501

46,852

52,150

36,206

43,354

38,301

31,781

25,021

35,626

16,483

17,935

14,332

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Products and services - related parties

133

456

190

621

639

1,019

1,478

789

1,410

2,429

5,569

8,574

8,708

4,900

5,406

7,315

6,397

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of intangible assets

396

380

402

406

408

153

153

153

153

153

153

153

153

153

51

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Products and services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,774

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total cost of revenue

31,485

52,323

49,347

55,882

49,219

51,673

48,483

53,092

37,769

45,936

44,023

40,508

33,882

40,679

21,940

25,250

20,729

-

-

17,269

16,951

40,718

18,682

21,408

17,744

20,197

19,608

18,436

17,875

17,890

20,966

21,563

18,682

21,390

19,930

20,228

18,993

20,107

21,250

Gross profit

15,995

25,282

22,177

27,782

24,870

23,000

23,431

23,165

21,735

22,687

22,415

19,433

18,230

18,793

9,300

9,002

4,611

9,674

5,817

10,224

10,171

8,209

10,754

11,014

10,865

12,109

11,907

11,612

10,504

10,400

8,232

9,272

8,380

12,042

10,274

11,066

10,579

13,576

12,005

Operating expenses:
Research and product development

9,600

9,004

9,898

9,430

10,184

8,960

8,655

8,714

8,977

8,618

8,939

9,141

9,382

10,195

5,885

5,019

4,679

8,480

4,859

3,942

4,050

9,884

4,611

4,167

4,143

3,812

3,934

3,920

3,660

3,707

5,090

4,820

4,925

5,121

5,294

5,449

5,516

5,283

5,198

Selling, marketing, general and administrative

13,617

15,522

15,716

14,929

15,039

13,109

11,106

11,712

12,394

11,545

11,661

10,551

10,884

11,034

8,278

4,148

4,265

4,822

3,937

4,387

4,382

577

4,775

4,804

4,678

5,620

4,644

5,073

4,822

4,788

4,976

4,825

4,715

5,847

5,557

5,399

5,494

5,979

6,076

Amortization of intangible assets

372

101

464

470

472

131

131

131

131

131

154

544

493

1,297

251

0

8

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

2,208

2,277

-

4,024

1,644

1,689

1,283

1,702

1,525

1,689

1,039

2,305

1,719

2,094

1,466

2,154

2,093

2,071

2,352

2,315

Gain on sale of fixed assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,959

-

Total operating expenses

23,589

30,538

26,078

24,829

25,695

22,200

19,892

20,557

21,502

20,294

20,754

20,236

20,759

22,222

14,414

9,167

8,952

8,819

8,798

10,537

10,709

3,104

13,410

10,615

10,510

10,715

10,280

10,518

10,171

9,595

12,371

11,364

11,734

16,670

13,005

12,941

13,081

11,655

13,589

Operating loss

-7,594

-5,256

-3,901

2,953

-825

800

3,539

2,608

233

2,393

1,661

-803

-2,529

-3,429

-5,114

-165

-4,341

855

-2,981

-313

-538

5,105

-2,656

399

355

1,394

1,627

1,094

333

805

-4,139

-2,092

-3,354

-4,628

-2,731

-1,875

-2,502

1,921

-1,584

Interest income

70

-68

374

62

88

61

42

75

86

47

36

20

26

46

31

58

48

-

27

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2

6

-

Interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

114

-

53

-

36

5

16

-

25

10

39

-

26

9

18

-

33

28

49

240

404

Interest income (expense), net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-16

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

-643

-742

-1,124

-1,244

-871

-408

-447

-560

-323

-226

-263

-256

-274

-230

-204

-202

-194

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on extinguishment of debt

-1,369

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income, net

760

-1,641

944

1,345

228

-287

-572

-427

140

-774

60

264

-281

-104

-112

-28

99

-313

583

-15

11

131

0

-15

6

13

0

12

-32

4

-19

15

-9

12

29

14

56

18

-3

Loss before income taxes

-8,776

-7,707

-3,707

3,116

-1,380

166

2,562

1,696

136

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (loss) before income taxes

-

-

-

-

-

-

-

-

-

-

1,494

-775

-3,058

-

-5,399

-337

-4,388

302

-2,485

-344

-580

5,185

-2,692

379

345

1,396

1,602

1,096

262

760

-4,184

-2,086

-3,381

-4,549

-2,735

-1,889

-2,493

1,705

-1,991

Income tax (benefit) provision

-5

2,487

289

732

77

653

735

341

-5

-2,718

107

99

440

2,528

-610

196

-627

-107

295

22

22

1,314

13

10

43

-36

6

40

32

61

14

16

33

93

13

7

-53

8

11

Net loss

-8,771

-10,194

-3,996

2,384

-1,457

-487

1,827

1,355

141

4,158

1,387

-874

-3,498

-6,245

-4,789

-533

-3,761

-

-2,780

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income attributable to non-controlling interest

-

0

37

-24

181

67

29

-61

34

-70

-12

-65

249

15

-56

33

6

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss attributable to DASAN Zhone Solutions, Inc.

-8,771

-10,194

-4,033

2,408

-1,638

-554

1,798

1,416

107

4,228

1,399

-809

-3,747

-6,260

-4,733

-566

-3,767

409

-2,780

-366

-602

3,871

-2,705

369

302

1,432

1,596

1,056

230

699

-4,198

-2,102

-3,414

-4,642

-2,748

-1,896

-2,440

1,697

-2,002

Foreign currency translation adjustments

-3,435

2,184

-2,426

-573

-1,124

-212

391

-2,548

318

2,920

-284

-824

2,890

-3,737

2,291

-110

509

-3,728

1,009

18

-89

-1,967

-16

6

-20

-38

-30

-78

-5

3

-8

-20

4

-

-30

3

-

-

-

Actuarial gain

1,456

-

38

-1,153

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Comprehensive loss

-10,750

-8,688

-6,384

658

-2,581

-699

2,218

-1,193

459

7,269

1,117

-1,634

-877

-9,934

-2,444

-731

-3,266

-

-1,771

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Comprehensive loss attributable to non- controlling interest

-

0

31

-2

180

84

16

-83

64

-73

-14

-64

269

-47

-54

88

14

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less: Comprehensive income attributable to non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other comprehensive income (loss) - foreign currency translation adjustments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-10

-

-

Comprehensive loss attributable to DASAN Zhone Solutions, Inc.

-10,750

-8,688

-6,415

660

-2,761

-783

2,202

-1,110

395

6,960

1,103

-1,698

-608

-9,983

-2,498

-643

-3,252

-3,319

-1,771

-348

-691

1,904

-2,721

375

282

1,394

1,566

978

225

702

-4,206

-2,122

-3,410

-4,645

-2,778

-1,893

-2,450

-

-

Basic and diluted net income (loss) per share attributable to DASAN Zhone Solutions, Inc.

-

-

-

-

-

-

-

-

0.01

-

-

-

-0.23

-

-0.42

-0.06

-0.40

-

-0.30

-0.01

-0.02

0.26

-0.08

0.01

0.01

-

0.05

0.03

0.01

-

-0.14

-0.07

-0.11

-

-0.09

-0.06

-0.08

-

-0.07

Weighted average shares outstanding used to compute basic and diluted net income (loss) per share (in shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,139

9,493

9,493

-

9,331

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30,701

30,644

-

-

-

Net loss per share attributable to DASAN Zhone Solutions, Inc.
Basic

-0.41

-0.53

-0.19

0.13

-0.10

-

0.11

0.09

-

-

0.09

-0.05

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.06

-

Diluted

-0.41

-0.53

-0.19

0.13

-0.10

-

0.11

0.08

-

-

0.09

-0.05

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.05

-

Weighted average shares outstanding used to compute basic net loss per share

21,474

21,469

21,384

18,166

16,593

16,391

16,683

16,438

16,416

16,392

16,382

16,380

16,378

-

-

-

-

-

-

32,665

32,605

-

32,384

32,354

32,299

31,896

31,480

31,222

31,118

31,112

31,086

30,985

30,857

-

-

-

-

30,431

-

Weighted average shares outstanding used to compute diluted net loss per share

21,474

21,153

21,384

18,482

16,593

16,795

16,891

16,672

16,626

16,444

16,382

16,380

16,378

-

-

-

-

-

-

32,665

32,605

-

32,384

34,441

34,826

34,286

33,344

32,696

31,758

31,112

31,086

30,985

30,857

-

-

-

-

31,882

-

Weighted average shares outstanding used to compute basic and diluted net loss per share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30,591

-

30,343