
Surmodics Inc
NASDAQ:SRDX

Income Statement
Earnings Waterfall
Surmodics Inc
Revenue
|
125.4m
USD
|
Cost of Revenue
|
-31.6m
USD
|
Gross Profit
|
93.8m
USD
|
Operating Expenses
|
-99.3m
USD
|
Operating Income
|
-5.5m
USD
|
Other Expenses
|
-8.9m
USD
|
Net Income
|
-14.4m
USD
|
Income Statement
Surmodics Inc
Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
58
N/A
|
59
+1%
|
60
+2%
|
62
+3%
|
64
+4%
|
67
+4%
|
71
+6%
|
71
+1%
|
73
+2%
|
73
+1%
|
71
-3%
|
73
+3%
|
72
-1%
|
74
+2%
|
78
+6%
|
81
+4%
|
87
+6%
|
90
+4%
|
92
+2%
|
100
+8%
|
100
+0%
|
101
+0%
|
103
+3%
|
95
-8%
|
95
0%
|
107
+13%
|
104
-3%
|
105
+1%
|
106
+1%
|
97
-8%
|
98
+1%
|
100
+2%
|
102
+2%
|
103
+1%
|
131
+27%
|
133
+2%
|
138
+4%
|
143
+3%
|
121
-15%
|
126
+4%
|
125
0%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(8)
|
(8)
|
(8)
|
(9)
|
(9)
|
(10)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(12)
|
(12)
|
(13)
|
(14)
|
(15)
|
(15)
|
(14)
|
(14)
|
(13)
|
(14)
|
(15)
|
(15)
|
(16)
|
(16)
|
(17)
|
(17)
|
(18)
|
(19)
|
(19)
|
(20)
|
(21)
|
(22)
|
(24)
|
(25)
|
(29)
|
(30)
|
(31)
|
(33)
|
(32)
|
|
Gross Profit |
50
N/A
|
50
+1%
|
52
+2%
|
53
+3%
|
55
+3%
|
56
+2%
|
60
+6%
|
61
+1%
|
61
+2%
|
63
+2%
|
60
-4%
|
62
+2%
|
61
-2%
|
62
+2%
|
65
+5%
|
67
+3%
|
72
+7%
|
75
+5%
|
78
+4%
|
86
+10%
|
87
+1%
|
87
-1%
|
88
+2%
|
80
-10%
|
79
-1%
|
90
+15%
|
87
-4%
|
89
+2%
|
88
-1%
|
78
-11%
|
79
+1%
|
80
+1%
|
81
+1%
|
81
+1%
|
107
+32%
|
108
+1%
|
110
+2%
|
113
+3%
|
89
-21%
|
93
+4%
|
94
+1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(31)
|
(31)
|
(31)
|
(32)
|
(32)
|
(35)
|
(37)
|
(40)
|
(45)
|
(47)
|
(50)
|
(55)
|
(57)
|
(60)
|
(63)
|
(68)
|
(79)
|
(83)
|
(78)
|
(79)
|
(82)
|
(82)
|
(83)
|
(81)
|
(80)
|
(82)
|
(81)
|
(77)
|
(85)
|
(89)
|
(94)
|
(102)
|
(107)
|
(108)
|
(105)
|
(101)
|
(98)
|
(94)
|
(97)
|
(99)
|
(99)
|
|
Selling, General & Administrative |
(15)
|
(15)
|
(15)
|
(16)
|
(15)
|
(16)
|
(17)
|
(18)
|
(19)
|
(19)
|
(20)
|
(21)
|
(21)
|
(22)
|
(23)
|
(24)
|
(25)
|
(23)
|
(23)
|
(24)
|
(25)
|
(27)
|
(28)
|
(28)
|
(28)
|
(30)
|
(30)
|
(30)
|
(33)
|
(36)
|
(41)
|
(47)
|
(51)
|
(53)
|
(53)
|
(52)
|
(51)
|
(51)
|
(55)
|
(57)
|
(57)
|
|
Research & Development |
(15)
|
(16)
|
(16)
|
(16)
|
(16)
|
(17)
|
(18)
|
(19)
|
(21)
|
(24)
|
(27)
|
(32)
|
(34)
|
(36)
|
(38)
|
(41)
|
(45)
|
(47)
|
(51)
|
(53)
|
(54)
|
(52)
|
(52)
|
(50)
|
(49)
|
(50)
|
(49)
|
(45)
|
(48)
|
(48)
|
(49)
|
(51)
|
(52)
|
(51)
|
(49)
|
(47)
|
(43)
|
(40)
|
(38)
|
(38)
|
(39)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(2)
|
(2)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(3)
|
(4)
|
(3)
|
(4)
|
(3)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
0
|
0
|
(1)
|
1
|
0
|
(1)
|
(7)
|
(9)
|
(1)
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
|
Operating Income |
19
N/A
|
20
+2%
|
20
+3%
|
22
+7%
|
23
+6%
|
22
-5%
|
23
+4%
|
20
-12%
|
17
-16%
|
16
-7%
|
11
-31%
|
7
-34%
|
3
-55%
|
2
-36%
|
2
-5%
|
(1)
N/A
|
(7)
-728%
|
(7)
+5%
|
0
N/A
|
7
+4 525%
|
6
-26%
|
4
-19%
|
5
+3%
|
(1)
N/A
|
(1)
+31%
|
9
N/A
|
6
-35%
|
11
+100%
|
3
-72%
|
(11)
N/A
|
(15)
-37%
|
(22)
-44%
|
(26)
-17%
|
(26)
-2%
|
2
N/A
|
6
+183%
|
12
+87%
|
19
+60%
|
(7)
N/A
|
(6)
+25%
|
(6)
+2%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
0
|
1
|
1
|
0
|
(0)
|
(1)
|
(1)
|
0
|
1
|
2
|
2
|
1
|
1
|
1
|
0
|
0
|
(0)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(2)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
(3)
|
(5)
|
(6)
|
(6)
|
(3)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
(8)
|
(8)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(5)
|
0
|
0
|
(1)
|
0
|
0
|
(1)
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
(2)
|
|
Total Other Income |
0
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
0
|
|
Pre-Tax Income |
18
N/A
|
19
+5%
|
20
+2%
|
18
-8%
|
17
-7%
|
15
-14%
|
16
+7%
|
17
+8%
|
17
+2%
|
17
-4%
|
11
-34%
|
7
-36%
|
2
-65%
|
1
-50%
|
(5)
N/A
|
(8)
-41%
|
(6)
+21%
|
(5)
+13%
|
1
N/A
|
8
+439%
|
6
-17%
|
5
-25%
|
5
N/A
|
(2)
N/A
|
(1)
+2%
|
9
N/A
|
5
-44%
|
6
+30%
|
3
-53%
|
(12)
N/A
|
(16)
-40%
|
(23)
-38%
|
(27)
-20%
|
(29)
-9%
|
(2)
+95%
|
2
N/A
|
10
+293%
|
17
+77%
|
(9)
N/A
|
(8)
+18%
|
(10)
-30%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(6)
|
(7)
|
(7)
|
(6)
|
(6)
|
(6)
|
(7)
|
(7)
|
(7)
|
(7)
|
(5)
|
(3)
|
(1)
|
1
|
4
|
5
|
5
|
4
|
1
|
0
|
0
|
2
|
3
|
3
|
2
|
(1)
|
(3)
|
(2)
|
(1)
|
1
|
3
|
(5)
|
(5)
|
(7)
|
(21)
|
(4)
|
(4)
|
(4)
|
8
|
(4)
|
(5)
|
|
Income from Continuing Operations |
12
|
13
|
13
|
12
|
11
|
9
|
9
|
10
|
10
|
9
|
6
|
4
|
1
|
2
|
(1)
|
(3)
|
(1)
|
(1)
|
3
|
8
|
6
|
7
|
8
|
1
|
1
|
7
|
2
|
4
|
2
|
(10)
|
(13)
|
(27)
|
(32)
|
(36)
|
(23)
|
(2)
|
6
|
14
|
(1)
|
(12)
|
(14)
|
|
Net Income (Common) |
12
N/A
|
13
+5%
|
13
+3%
|
12
-8%
|
11
-8%
|
9
-20%
|
9
+0%
|
10
+14%
|
10
-3%
|
9
-3%
|
6
-34%
|
4
-37%
|
0
-98%
|
1
+1 457%
|
(2)
N/A
|
(5)
-95%
|
(2)
+65%
|
(2)
-17%
|
2
N/A
|
8
+232%
|
6
-15%
|
7
+3%
|
8
+15%
|
1
-86%
|
1
-36%
|
7
+947%
|
2
-78%
|
4
+166%
|
2
-60%
|
(10)
N/A
|
(13)
-23%
|
(27)
-113%
|
(32)
-18%
|
(36)
-11%
|
(23)
+36%
|
(2)
+93%
|
6
N/A
|
14
+144%
|
(1)
N/A
|
(12)
-725%
|
(14)
-25%
|
|
EPS (Diluted) |
0.9
N/A
|
0.95
+6%
|
0.98
+3%
|
0.9
-8%
|
0.83
-8%
|
0.66
-20%
|
0.66
N/A
|
0.76
+15%
|
0.73
-4%
|
0.71
-3%
|
0.46
-35%
|
0.29
-37%
|
0
N/A
|
0.08
N/A
|
-0.17
N/A
|
-0.34
-100%
|
-0.1
+71%
|
-0.12
-20%
|
0.16
N/A
|
0.55
+244%
|
0.47
-15%
|
0.49
+4%
|
0.56
+14%
|
0.08
-86%
|
0.05
-38%
|
0.52
+940%
|
0.1
-81%
|
0.3
+200%
|
0.12
-60%
|
-0.75
N/A
|
-0.92
-23%
|
-1.96
-113%
|
-2.32
-18%
|
-2.58
-11%
|
-1.65
+36%
|
-0.11
+93%
|
0.39
N/A
|
0.96
+146%
|
-0.1
N/A
|
-0.82
-720%
|
-1.02
-24%
|