DASAN ZHONE SOLUTIONS INC DZSI Income Statement

Dasan zhone solutions inc (DZSI)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Third parties
278,453	304,369	300,714	299,649	292,046	276,718	268,218	258,504	232,397	215,732	204,080	168,339	144,878	121,670	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Related parties
1,820	2,513	3,236	4,691	4,887	5,630	8,080	12,318	22,109	31,382	33,883	34,426	32,198	28,634	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total net revenue
280,273	306,882	303,950	304,340	296,933	282,348	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Products and services - third parties
186,053	203,269	202,283	200,380	197,675	185,709	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total net revenue
-	-	-	-	-	-	-	-	-	-	237,963	202,765	177,076	-	152,822	144,173	137,414	139,196	126,133	132,978	137,907	139,394	122,773	124,852	122,478	122,248	118,232	115,915	116,702	115,385	120,527	121,533	121,992	124,502	124,753	127,804	0	0	0
Products and services - third parties
186,053	203,269	202,283	200,380	197,675	185,709	178,562	170,011	149,642	138,457	130,729	108,911	95,065	84,376	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Products and services - related parties
1,400	1,906	2,469	3,757	3,925	4,696	6,106	10,197	17,982	25,280	27,751	27,588	26,329	24,018	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of intangible assets
1,584	1,596	1,369	1,120	867	612	612	612	612	612	612	510	357	204	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Products and services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of revenue
189,037	206,771	206,121	205,257	202,467	191,017	185,280	180,820	168,236	164,349	159,092	137,009	121,751	108,598	0	0	0	-	-	93,620	97,759	98,552	78,031	78,957	75,985	76,116	73,809	75,167	78,294	79,101	82,601	81,565	80,230	80,541	79,258	80,578	0	0	0
Gross profit
91,236	100,111	97,829	99,083	94,466	91,331	91,018	90,002	86,270	82,765	78,871	65,756	55,325	41,706	32,587	29,104	30,326	35,886	34,421	39,358	40,148	40,842	44,742	45,895	46,493	46,132	44,423	40,748	38,408	36,284	37,926	39,968	41,762	43,961	45,495	47,226	0	0	0
Operating expenses:
Research and product development
37,932	38,516	38,472	37,229	36,513	35,306	34,964	35,248	35,675	36,080	37,657	34,603	30,481	25,778	24,063	23,037	21,960	21,331	22,735	22,487	22,712	22,805	16,733	16,056	15,809	15,326	15,221	16,377	17,277	18,542	19,956	20,160	20,789	21,380	21,542	21,446	0	0	0
Selling, marketing, general and administrative
59,784	61,206	58,793	54,183	50,966	48,321	46,757	47,312	46,151	44,641	44,130	40,747	34,344	27,725	21,513	17,172	17,411	17,528	13,283	14,121	14,538	14,834	19,877	19,746	20,015	20,159	19,327	19,659	19,411	19,304	20,363	20,944	21,518	22,297	22,429	22,948	0	0	0
Amortization of intangible assets
1,407	1,507	1,537	1,204	865	524	524	547	960	1,322	2,488	2,585	2,041	1,556	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,539	10,561	9,997	-	8,640	6,318	6,199	6,199	5,955	6,558	6,752	7,157	7,584	7,433	7,807	7,784	8,670	8,831	0	0	0
Gain on sale of fixed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-
Total operating expenses
105,034	107,140	98,802	92,616	88,344	84,151	82,245	83,107	82,786	82,043	83,971	77,631	66,562	54,755	41,352	35,736	37,106	38,863	33,148	37,760	37,838	37,639	45,250	42,120	42,023	41,684	40,564	42,655	43,501	45,064	52,139	52,773	54,350	55,697	50,682	51,266	0	0	0
Operating loss
-13,798	-7,029	-973	6,467	6,122	7,180	8,773	6,895	3,484	722	-5,100	-11,875	-11,237	-13,049	-8,765	-6,632	-6,780	-2,977	1,273	1,598	2,310	3,203	-508	3,775	4,470	4,448	3,859	-1,907	-5,093	-8,780	-14,213	-12,805	-12,588	-11,736	-5,187	-4,040	0	0	0
Interest income
438	456	585	253	266	264	250	244	189	129	128	123	161	183	164	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-
Interest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	-	0	0	0	-	0	0	0	-	0	0	0	-	350	721	0	0	0
Interest income (expense), net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
-3,753	-3,981	-3,647	-2,970	-2,286	-1,738	-1,556	-1,372	-1,068	-1,019	-1,023	-964	-910	-830	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on extinguishment of debt
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income, net
1,408	876	2,230	714	-1,058	-1,146	-1,633	-1,001	-310	-731	-61	-233	-525	-145	-354	341	354	266	710	127	127	122	4	4	31	-7	-16	-35	-32	-9	-1	47	46	111	117	85	0	0	0
Loss before income taxes
-17,074	-9,678	-1,805	4,464	3,044	4,560	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) before income taxes
-	-	-	-	-	-	-	-	-	-	-6,056	-12,949	-12,511	-	-9,822	-6,908	-6,915	-3,107	1,776	1,569	2,292	3,217	-572	3,722	4,439	4,356	3,720	-2,066	-5,248	-8,891	-14,200	-12,751	-12,554	-11,666	-5,412	-4,668	0	0	0
Income tax (benefit) provision
3,503	3,585	1,751	2,197	1,806	1,724	-1,647	-2,275	-2,517	-2,072	3,174	2,457	2,554	1,487	-1,148	-243	-417	232	1,653	1,371	1,359	1,380	30	23	53	42	139	147	123	124	156	155	146	60	-25	-27	0	0	0
Net loss
-20,577	-13,263	-3,556	2,267	1,238	2,836	7,481	7,041	4,812	1,173	-9,230	-15,406	-15,065	-15,328	-11,863	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to non-controlling interest
-	194	261	253	216	69	-68	-109	-113	102	187	143	241	-2	-17	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss attributable to DASAN Zhone Solutions, Inc.
-20,590	-13,457	-3,817	2,014	1,022	2,767	7,549	7,150	4,925	1,071	-9,417	-15,549	-15,306	-15,326	-8,657	-6,704	-6,504	-3,339	123	198	933	1,837	-602	3,699	4,386	4,314	3,581	-2,213	-5,371	-9,015	-14,356	-12,906	-12,700	-11,726	-5,387	-4,641	0	0	0
Foreign currency translation adjustments
-4,250	-1,939	-4,335	-1,518	-3,493	-2,051	1,081	406	2,130	4,702	-1,955	620	1,334	-1,047	-1,038	-2,320	-2,192	-2,790	-1,029	-2,054	-2,066	-1,997	-68	-82	-166	-151	-110	-88	-30	-21	-54	-43	0	-	0	0	-	-	-
Actuarial gain
0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive loss
-25,164	-16,995	-9,006	-404	-2,255	785	8,753	7,652	7,211	5,875	-11,328	-14,889	-13,986	-16,375	-8,212	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive loss attributable to non- controlling interest
-	209	293	278	197	81	-76	-106	-87	118	144	104	256	1	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Comprehensive income attributable to non-controlling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other comprehensive income (loss) - foreign currency translation adjustments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-
Comprehensive loss attributable to DASAN Zhone Solutions, Inc.
-25,193	-17,204	-9,299	-682	-2,452	704	8,447	7,348	6,760	5,757	-11,186	-14,787	-13,732	-16,376	-9,712	-8,985	-8,690	-6,129	-906	-1,856	-1,133	-160	-670	3,617	4,220	4,163	3,471	-2,301	-5,401	-9,036	-14,383	-12,955	-12,726	-11,766	0	0	0	-	-
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