Newater technology, inc. (NEWA)
Income statement / Yearly
Dec'17Dec'16Dec'15
Net revenues

25,339

11,985

3,318

Net revenues from related parties

0

294

3,659

Total revenues

25,339

12,279

6,978

Cost of revenues

17,077

7,182

778

Cost of revenues from related party

0

556

2,984

Total cost of revenues

17,077

7,738

3,763

Gross profit

8,262

4,540

3,214

Operating expenses:
Selling, general and administrative

5,575

3,146

1,643

Total operating expenses

5,575

3,146

1,643

Income from operations

2,687

1,394

1,571

Interest expense

-242

-155

-164

Interest income

-112

-5

-2

Government grants

-513

-1,750

0

Other expenses

-3

-12

-10

Total other expense (income)

-379

-1,587

172

Income before income tax provisions

3,066

2,982

1,398

Income tax provisions

475

548

452

Net income

2,590

2,433

945

Other comprehensive income (loss)
Foreign currency translation adjustment

535

-383

-166

Total comprehensive income

3,126

2,049

779

Earnings per common share
Basic

0.26

0.28

0.12

Diluted

0.26

0.28

0.10

Weighted average number of common shares outstanding
Basic

9,864

8,767

8,200

Diluted

9,864

8,767

9,160