Nova measuring instruments ltd (REDU)
Income statement / Yearly
Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Revenues:
Products

174,343

122,439

111,178

92,208

89,410

77,212

85,562

71,790

29,639

Services

47,649

41,464

37,336

28,410

22,099

18,956

17,266

14,830

9,679

Total revenues

221,992

163,903

148,514

120,618

111,509

96,168

102,828

86,620

39,318

Cost of revenues:
Products

62,242

50,386

50,691

39,784

37,765

31,734

33,789

29,056

12,732

Services

28,563

25,362

20,743

17,221

14,673

13,280

11,043

10,148

8,999

Expense related to royalty buyout agreement with the Israel Innovation Authority (Note 8)

0

12,875

0

0

-

-

-

-

-

Total cost of revenues

90,805

88,623

71,434

57,005

52,438

45,014

44,832

39,204

21,731

Gross profit

131,187

75,280

77,080

63,613

59,071

51,154

57,996

47,416

17,587

Operating expenses:
Research and development expenses, net (Note 2N)

38,956

34,998

39,703

29,498

29,578

24,594

18,677

12,445

6,865

Sales and marketing expenses

24,554

21,523

15,967

12,747

11,963

11,998

11,373

10,133

6,014

General and administrative expenses

8,100

6,835

8,511

4,457

5,197

3,978

3,229

2,968

2,240

Amortization of intangible assets (Note 3)

1,758

1,758

1,318

0

0

-

-

-

-

Total operating expenses

73,368

65,114

65,499

46,702

46,738

40,570

33,279

25,546

15,119

Operating income

57,819

10,166

11,581

16,911

12,333

10,584

24,717

21,870

2,468

Financing income, net

2,276

1,216

643

563

693

1,368

901

305

163

Income before tax on income

60,095

11,382

12,224

17,474

13,026

11,952

25,618

22,175

2,631

Income tax expenses (benefit)

13,636

1,738

-3,501

-1,178

2,511

124

-2,500

-

-

INCOME TAXES EXPENSES (BENEFIT)

-

-

-

-

-

-

-

0

-

BENEFIT FROM DEFERRED INCOME TAXES

-

-

-

-

-

-

-

-

0

Net income for the year

46,459

9,644

15,725

18,652

10,515

11,828

28,118

22,175

2,631

Earnings per share:
Basic

1.68

0.35

0.58

0.68

0.39

0.44

1.07

0.91

0.14

Diluted

1.63

0.35

0.57

0.67

0.38

0.43

1.04

0.86

0.13

Shares used in calculation of earnings per share:
Basic

27,696

27,175

27,185

27,447

27,091

26,619

26

24,448

19,473

Diluted

28,524

27,503

27,510

27,807

27,373

27,277

26

25,692

20,089