
VEEM Ltd
ASX:VEE

Income Statement
Earnings Waterfall
VEEM Ltd
Revenue
|
76.6m
AUD
|
Cost of Revenue
|
-36m
AUD
|
Gross Profit
|
40.6m
AUD
|
Operating Expenses
|
-34.6m
AUD
|
Operating Income
|
6.1m
AUD
|
Other Expenses
|
-1.5m
AUD
|
Net Income
|
4.5m
AUD
|
Income Statement
VEEM Ltd
Jun-2017 | Dec-2017 | Jun-2018 | Dec-2018 | Jun-2019 | Dec-2019 | Jun-2020 | Dec-2020 | Jun-2021 | Dec-2021 | Jun-2022 | Dec-2022 | Jun-2023 | Dec-2023 | Jun-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||||||||
Revenue |
38
N/A
|
37
-3%
|
41
+10%
|
41
+1%
|
45
+9%
|
46
+1%
|
44
-2%
|
52
+17%
|
60
+15%
|
58
-3%
|
54
-6%
|
56
+2%
|
60
+8%
|
70
+17%
|
81
+15%
|
77
-5%
|
|
Gross Profit | |||||||||||||||||
Cost of Revenue |
(11)
|
(11)
|
(18)
|
(18)
|
(16)
|
(16)
|
(17)
|
(21)
|
(26)
|
(25)
|
(22)
|
(22)
|
(22)
|
(26)
|
(36)
|
(36)
|
|
Gross Profit |
28
N/A
|
26
-5%
|
22
-14%
|
24
+6%
|
29
+22%
|
29
+2%
|
28
-6%
|
31
+11%
|
34
+10%
|
33
-2%
|
32
-3%
|
34
+5%
|
38
+12%
|
44
+17%
|
45
+1%
|
41
-9%
|
|
Operating Income | |||||||||||||||||
Operating Expenses |
(21)
|
(21)
|
(19)
|
(21)
|
(26)
|
(27)
|
(25)
|
(26)
|
(29)
|
(30)
|
(30)
|
(30)
|
(33)
|
(37)
|
(34)
|
(35)
|
|
Selling, General & Administrative |
(19)
|
(18)
|
(15)
|
(18)
|
(24)
|
(23)
|
(21)
|
(22)
|
(24)
|
(24)
|
(25)
|
(25)
|
(27)
|
(31)
|
(27)
|
(28)
|
|
Depreciation & Amortization |
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
|
Other Operating Expenses |
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
0
|
(2)
|
0
|
|
Operating Income |
6
N/A
|
5
-16%
|
4
-29%
|
3
-30%
|
3
+3%
|
3
+8%
|
3
-10%
|
4
+64%
|
5
+27%
|
3
-41%
|
2
-36%
|
4
+78%
|
5
+45%
|
8
+44%
|
10
+35%
|
6
-42%
|
|
Pre-Tax Income | |||||||||||||||||
Interest Income Expense |
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
|
Non-Reccuring Items |
(2)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
2
|
3
|
2
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
0
|
0
|
|
Pre-Tax Income |
5
N/A
|
5
+9%
|
3
-43%
|
2
-40%
|
2
+23%
|
2
-2%
|
3
+55%
|
6
+90%
|
6
-4%
|
3
-54%
|
1
-48%
|
3
+113%
|
5
+64%
|
7
+42%
|
8
+16%
|
5
-37%
|
|
Net Income | |||||||||||||||||
Tax Provision |
(1)
|
(1)
|
(0)
|
0
|
0
|
1
|
(1)
|
(2)
|
(1)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
|
Income from Continuing Operations |
4
|
4
|
3
|
2
|
3
|
3
|
2
|
5
|
5
|
2
|
1
|
3
|
4
|
6
|
7
|
5
|
|
Net Income (Common) |
4
N/A
|
4
+10%
|
3
-35%
|
2
-34%
|
3
+41%
|
3
+9%
|
2
-11%
|
5
+85%
|
5
+7%
|
2
-54%
|
1
-44%
|
3
+118%
|
4
+49%
|
6
+41%
|
7
+21%
|
5
-35%
|
|
EPS (Diluted) |
0.03
N/A
|
0.04
+33%
|
0.02
-50%
|
0.01
-50%
|
0.02
+100%
|
0.02
N/A
|
0.02
N/A
|
0.04
+100%
|
0.04
N/A
|
0.02
-50%
|
0.01
-50%
|
0.02
+100%
|
0.03
+50%
|
0.04
+33%
|
0.05
+25%
|
0.03
-40%
|