Heska (HSKA) Annual Income Statement

Income Statement Summary

Heska (HSKA) annual income statement covering fiscal 2017 through 2022, as reported to the SEC.

Heska reported revenue of $257.31M in fiscal 2022, up 1.4% from $253.74M in fiscal 2021.
Gross profit was $111.17M, up 5.1% from $105.79M. That is a gross margin of 43.2%.
Operating loss was $20.3M, a bigger loss than the $993K in fiscal 2021. Operating margin was -7.9%.
Net loss was $19.89M, a bigger loss than the $1.15M in fiscal 2021. Net margin was -7.7%.
Diluted earnings per share was -$1.92, a bigger loss than the $0.11 in fiscal 2021.
Cost of revenue took 56.8% of revenue, research and development 7.7% and general and administrative 24.9%.

Revenue has grown 14.7% a year on average since fiscal 2017, from $129.34M to $257.31M.

An income statement shows what a company sold and what it cost to run the business, ending with the profit left over.

Figures in USD thousands, except per share data

						Dec'22	Dec'21	Dec'20	Dec'19	Dec'18	Dec'17
Revenues [Abstract]
Revenue, net
257,307	253,739	197,323	122,661	127,446	129,341	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Revenue, net						257,307	253,739	197,323	122,661	127,446	129,341	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Cost of revenue
146,140	147,945	116,033	68,212	70,808	71,080	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Cost of revenue						146,140	147,945	116,033	68,212	70,808	71,080	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Gross profit
111,167	105,794	81,290	54,449	56,638	58,261	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Gross profit						111,167	105,794	81,290	54,449	56,638	58,261	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Operating expenses:
Selling and marketing
47,661	45,284	38,468	27,678	24,663	23,225	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Selling and marketing						47,661	45,284	38,468	27,678	24,663	23,225	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Research and development
19,753	6,982	8,772	8,240	3,334	2,004	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Research and development						19,753	6,982	8,772	8,240	3,334	2,004	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
General and administrative
64,051	54,521	42,242	18,204	24,847	14,813	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
General and administrative						64,051	54,521	42,242	18,204	24,847	14,813	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Total operating expenses
131,465	106,787	89,482	54,122	52,844	40,042	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Total operating expenses						131,465	106,787	89,482	54,122	52,844	40,042	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Operating loss
-20,298	-993	-8,192	327	3,794	18,219	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Operating loss						-20,298	-993	-8,192	327	3,794	18,219	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Interest and other (income) expense, net
1,536	2,448	5,601	2,910	-13	-150	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Interest and other (income) expense, net						1,536	2,448	5,601	2,910	-13	-150	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Net loss before taxes and equity in losses of unconsolidated affiliates
-21,834	-3,441	-13,793	-2,583	3,807	18,369	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Net loss before taxes and equity in losses of unconsolidated affiliates						-21,834	-3,441	-13,793	-2,583	3,807	18,369	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Income tax (benefit) expense:
Current income tax expense
1,300	900	1,800	400	100	49	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Current income tax expense						1,300	900	1,800	400	100	49	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Deferred income tax benefit
-4,698	-4,464	-1,541	-1,805	-2,255	8,864	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Deferred income tax benefit						-4,698	-4,464	-1,541	-1,805	-2,255	8,864	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Total income tax benefit
-3,400	-3,600	200	-1,400	-2,100	8,913	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Total income tax benefit						-3,400	-3,600	200	-1,400	-2,100	8,913	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Net (loss) income before equity in losses of unconsolidated affiliates
-18,424	132	-14,032	-1,137	5,922	9,456	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Net (loss) income before equity in losses of unconsolidated affiliates						-18,424	132	-14,032	-1,137	5,922	9,456	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Equity in losses of unconsolidated affiliates
-1,465	-1,280	-720	-594	-72	-	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Equity in losses of unconsolidated affiliates						-1,465	-1,280	-720	-594	-72	-	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Net loss after equity in losses of unconsolidated affiliates
-19,889	-1,148	-14,752	-1,731	5,850	9,456	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Net loss after equity in losses of unconsolidated affiliates						-19,889	-1,148	-14,752	-1,731	5,850	9,456	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Net loss attributable to redeemable non-controlling interest
-	-	-353	-266	-	-497	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Net loss attributable to redeemable non-controlling interest						-	-	-353	-266	-	-497	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Net loss attributable to Heska Corporation
-19,889	-1,148	-14,399	-1,465	5,850	9,953	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Net loss attributable to Heska Corporation						-19,889	-1,148	-14,399	-1,465	5,850	9,953	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Earnings Per Share [Abstract]
Basic (loss) earnings per share attributable to Heska Corporation (in dollars per share)
-1.92	-0.11	-1.66	-0.20	0.81	1.42	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Basic (loss) earnings per share attributable to Heska Corporation (in dollars per share)						-1.92	-0.11	-1.66	-0.20	0.81	1.42	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Diluted (loss) earnings per share attributable to Heska Corporation (in dollars per share)
-1.92	-0.11	-1.66	-0.20	0.74	1.30	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Diluted (loss) earnings per share attributable to Heska Corporation (in dollars per share)						-1.92	-0.11	-1.66	-0.20	0.74	1.30	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Weighted average outstanding shares used to compute basic (loss) earnings per share attributable to Heska Corporation (in shares)
10,343	10,015	8,653	7,446	7,220	7,026	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Weighted average outstanding shares used to compute basic (loss) earnings per share attributable to Heska Corporation (in shares)						10,343	10,015	8,653	7,446	7,220	7,026	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Weighted average outstanding shares used to compute diluted (loss) earnings per share attributable to Heska Corporation (in shares)
10,343	10,015	8,653	7,446	7,856	7,642	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Weighted average outstanding shares used to compute diluted (loss) earnings per share attributable to Heska Corporation (in shares)						10,343	10,015	8,653	7,446	7,856	7,642	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Core companion animal
Total revenue, net
-	-	-	-	-	105,191	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Total revenue, net						-	-	-	-	-	105,191	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Other vaccines and pharmaceuticals
Total revenue, net
-	-	-	-	-	24,150	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Total revenue, net						-	-	-	-	-	24,150	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx