Name: Magic Software Enterprises Ltd. (MGIC) Financial Statements
Creator: FinSpry

Magic Software Enterprises Income Statement Analysis

Revenue, earnings, and profit margins in millions USD

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Magic Software Enterprises Ltd. income statement - Annual data in millions USD
Breakdown	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period Ending	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018
Revenue & Gross Profit
Revenue	552.52	535.05	566.79	480.33	371.19	28.08	284.38
Cost of Revenue	394.69	382.07	411.44	347.33	261.60	-74.05	195.56
Gross Profit	157.83	152.99	155.36	132.99	109.59	102.13	88.82
Operating Expenses
Research & Development	13.31	10.33	10.09	9.00	8.79	8.24	5.70
Selling, General & Administrative	84.11	85.31	84.41	69.37	59.13	59.98	51.42
Operating Expenses	97.42	95.64	94.50	78.36	67.92	68.48	57.12
Operating Income	60.41	57.35	60.86	54.63	41.68	33.65	31.70
Other Income/Expense
Interest Income	3.16	4.90	1.39	0.11	0.03	0.00	0.00
Interest Expense	-6.74	6.00	-2.43	-1.33	0.00	0.00	0.15
Other Income/Expense	-2.37	-3.81	-2.56	-2.47	-0.61	0.00	0.00
Income
Income Before Tax	54.62	52.44	57.42	45.62	37.40	32.47	31.85
Income Tax Expense	11.33	9.93	11.14	10.28	7.29	6.87	7.07
Net Income	36.88	37.03	40.47	29.77	25.19	20.27	19.88
Net Income - Continuous Operations	43.29	42.50	46.28	35.34	0.00	0.00	0.00
Net Income - Discontinued Operations	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA	72.26	78.99	80.65	74.47	55.62	46.99	44.56
EBIT	60.41	58.44	60.86	54.63	41.68	32.85	32.00
Depreciation & Amortization	11.85	20.55	19.80	19.84	13.94	0.00	0.00
Earnings Per Share
Basic EPS	1.00	1.00	1.00	1.00	-	-	-
Diluted EPS	1.00	1.00	1.00	1.00	-	-	-
Basic Shares Outstanding	49.10	49.10	49.09	49.06	49.03	48.90	46.67
Diluted Shares Outstanding	49.10	49.10	49.13	49.10	49.05	48.99	46.80