RADWARE LTD RDWR Income Statement

Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Revenues:
Products
117,968	110,186	136,793	143,466	118,727	119,279	103,285	89,358	65,021
Services
93,401	86,399	79,773	78,426	74,270	69,892	63,735	54,761	43,883
Total revenues
211,369	196,585	216,566	221,892	192,997	189,171	167,020	144,119	108,904
Cost of revenues:
Products
30,862	27,320	29,159	29,448	27,066	26,386	24,231	21,306	16,609
Services
8,754	8,375	9,041	10,284	9,669	9,333	9,126	7,898	6,666
Total cost of revenues
39,616	35,695	38,200	39,732	36,735	35,719	33,357	29,204	23,275
Gross profit
171,753	160,890	178,366	182,160	156,262	153,452	133,663	114,915	85,629
Operating expenses, net:
Research and development, net
59,003	51,732	49,987	44,081	40,983	36,187	36,064	31,660	25,674
Sales and marketing
108,744	103,774	93,347	93,203	82,815	76,646	69,543	64,609	55,130
General and administrative
17,577	18,133	17,033	19,797	14,895	9,696	9,629	10,190	11,930
Other income
6,900	0	0	-	-	-	-	-	-
Total operating expenses, net
178,424	173,639	160,367	157,081	138,693	122,529	115,236	106,459	92,734
Operating income (loss)
-6,671	-12,749	17,999	25,079	17,569	30,923	18,427	8,456	-7,105
Financial income, net
4,830	5,741	5,867	5,802	4,494	4,792	4,200	2,057	1,987
Income (loss) before taxes on income
-1,841	-7,008	23,866	30,881	22,063	35,715	22,627	10,513	-5,118
Taxes on income
5,652	1,651	5,297	5,931	4,008	3,958	1,290	879	818
Net income (loss)
-7,493	-8,659	18,569	24,950	18,055	31,757	21,337	9,634	-5,936
Basic net earnings (loss) per share
-0.17	-0.20	0.40	0.55	0.40	0.73	0.51	0.49	-0.31
Diluted net earnings (loss) per share
-0.17	-0.20	0.40	0.53	0.39	0.68	0.47	0.44	-0.31