
Smart Metering Systems PLC
LSE:SMS

Income Statement
Earnings Waterfall
Smart Metering Systems PLC
Revenue
|
152.2m
GBP
|
Cost of Revenue
|
-73.5m
GBP
|
Gross Profit
|
78.6m
GBP
|
Operating Expenses
|
-47.9m
GBP
|
Operating Income
|
30.7m
GBP
|
Other Expenses
|
-14.6m
GBP
|
Net Income
|
16.1m
GBP
|
Income Statement
Smart Metering Systems PLC
Dec-2011 | Jun-2012 | Dec-2012 | Jun-2013 | Dec-2013 | Jun-2014 | Dec-2014 | Jun-2015 | Dec-2015 | Jun-2016 | Dec-2016 | 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||||||||||||||||
Revenue |
16
N/A
|
18
+12%
|
21
+18%
|
25
+19%
|
28
+12%
|
34
+21%
|
42
+26%
|
49
+16%
|
54
+10%
|
60
+12%
|
67
+11%
|
72
+7%
|
80
+11%
|
89
+12%
|
98
+10%
|
106
+8%
|
114
+8%
|
114
0%
|
103
-10%
|
101
-2%
|
108
+8%
|
119
+10%
|
136
+13%
|
152
+12%
|
|
Gross Profit | |||||||||||||||||||||||||
Cost of Revenue |
(7)
|
(7)
|
(8)
|
(9)
|
(10)
|
(12)
|
(15)
|
(17)
|
(24)
|
(29)
|
(30)
|
(34)
|
(39)
|
(46)
|
(51)
|
(64)
|
(72)
|
(63)
|
(50)
|
(45)
|
(48)
|
(57)
|
(65)
|
(74)
|
|
Gross Profit |
9
N/A
|
11
+22%
|
13
+22%
|
16
+17%
|
18
+14%
|
22
+23%
|
28
+26%
|
33
+18%
|
30
-8%
|
31
+4%
|
37
+18%
|
37
+1%
|
40
+8%
|
44
+9%
|
47
+7%
|
42
-12%
|
42
+1%
|
51
+22%
|
53
+3%
|
56
+5%
|
60
+8%
|
63
+4%
|
70
+11%
|
79
+12%
|
|
Operating Income | |||||||||||||||||||||||||
Operating Expenses |
(5)
|
(6)
|
(7)
|
(9)
|
(10)
|
(11)
|
(14)
|
(17)
|
(12)
|
(12)
|
(17)
|
(18)
|
(20)
|
(20)
|
(18)
|
(19)
|
(17)
|
(25)
|
(34)
|
(39)
|
(38)
|
(42)
|
(40)
|
(48)
|
|
Selling, General & Administrative |
(5)
|
(6)
|
(7)
|
(9)
|
(5)
|
(11)
|
(7)
|
(16)
|
(1)
|
(11)
|
(2)
|
(16)
|
(3)
|
(19)
|
(14)
|
(20)
|
(14)
|
(30)
|
(19)
|
(41)
|
(19)
|
(44)
|
(21)
|
(50)
|
|
Research & Development |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
(0)
|
0
|
(0)
|
0
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
(3)
|
0
|
(6)
|
(1)
|
(8)
|
(1)
|
(12)
|
(1)
|
(16)
|
(2)
|
(4)
|
0
|
(5)
|
0
|
(7)
|
0
|
(8)
|
0
|
(8)
|
0
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
(2)
|
0
|
(2)
|
0
|
(3)
|
0
|
(3)
|
0
|
(1)
|
1
|
(0)
|
2
|
2
|
5
|
(8)
|
1
|
(11)
|
2
|
(11)
|
2
|
|
Operating Income |
4
N/A
|
5
+25%
|
6
+24%
|
7
+17%
|
8
+18%
|
11
+30%
|
13
+26%
|
16
+16%
|
18
+16%
|
19
+6%
|
20
+4%
|
20
-2%
|
21
+6%
|
24
+16%
|
29
+20%
|
22
-23%
|
25
+12%
|
26
+5%
|
19
-28%
|
17
-12%
|
22
+34%
|
21
-8%
|
30
+43%
|
31
+4%
|
|
Pre-Tax Income | |||||||||||||||||||||||||
Interest Income Expense |
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(4)
|
(5)
|
(5)
|
(7)
|
(8)
|
(7)
|
(5)
|
(3)
|
(3)
|
(4)
|
(4)
|
(7)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
0
|
0
|
(0)
|
(0)
|
(1)
|
(2)
|
(2)
|
(19)
|
(22)
|
(11)
|
183
|
181
|
(8)
|
(11)
|
(8)
|
(10)
|
(5)
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
3
|
1
|
2
|
3
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
|
Pre-Tax Income |
3
N/A
|
4
+30%
|
5
+19%
|
6
+15%
|
7
+24%
|
9
+18%
|
11
+25%
|
14
+25%
|
17
+27%
|
19
+10%
|
18
-5%
|
18
+1%
|
18
-2%
|
19
+5%
|
5
-72%
|
(6)
N/A
|
5
N/A
|
202
+3 592%
|
195
-3%
|
5
-97%
|
8
+51%
|
9
+13%
|
16
+71%
|
18
+12%
|
|
Net Income | |||||||||||||||||||||||||
Tax Provision |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(1)
|
1
|
(1)
|
(3)
|
(1)
|
(4)
|
(5)
|
(2)
|
(1)
|
(2)
|
|
Income from Continuing Operations |
2
|
3
|
4
|
5
|
7
|
7
|
9
|
11
|
15
|
16
|
15
|
16
|
15
|
15
|
4
|
(5)
|
4
|
198
|
193
|
2
|
4
|
7
|
15
|
16
|
|
Net Income (Common) |
2
N/A
|
3
+43%
|
4
+33%
|
5
+13%
|
7
+35%
|
7
+10%
|
9
+22%
|
11
+28%
|
15
+32%
|
16
+9%
|
15
-7%
|
16
+2%
|
15
-6%
|
15
+5%
|
4
-71%
|
(5)
N/A
|
4
N/A
|
198
+4 859%
|
193
-2%
|
2
-99%
|
4
+119%
|
7
+92%
|
15
+105%
|
16
+8%
|
|
EPS (Diluted) |
0.02
N/A
|
0.04
+100%
|
0.05
+25%
|
0.05
N/A
|
0.07
+40%
|
0.08
+14%
|
0.1
+25%
|
0.13
+30%
|
0.17
+31%
|
0.18
+6%
|
0.17
-6%
|
0.18
+6%
|
0.16
-11%
|
0.15
-6%
|
0.04
-73%
|
-0.05
N/A
|
0.04
N/A
|
1.75
+4 275%
|
1.7
-3%
|
0.02
-99%
|
0.03
+50%
|
0.06
+100%
|
0.11
+83%
|
0.12
+9%
|