Q-Free ASA

QFREF · OTC
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12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenue$948,968$860,017$889,305$962,317
% Growth10.3%-3.3%-7.6%
Cost of Goods Sold$356,874$309,931$344,160$422,928
Gross Profit$592,094$550,086$545,145$539,389
% Margin62.4%64%61.3%56.1%
R&D Expenses$0$0$0$0
G&A Expenses$11,106$10,420$8,817$6,294
SG&A Expenses$17,903$13,179$13,890$14,227
Sales & Mktg Exp.$6,797$2,759$5,073$7,933
Other Operating Expenses$541,700$489,094$519,516$521,210
Operating Expenses$559,603$502,273$533,406$535,437
Operating Income$32,491$46,588$7,701$21,439
% Margin3.4%5.4%0.9%2.2%
Other Income/Exp. Net-$20,157-$7,022-$40,147-$71,489
Pre-Tax Income$12,334$39,566-$32,446-$50,050
Tax Expense$9,555-$19,063$8,549-$69
Net Income$2,779$58,629-$40,995-$49,981
% Margin0.3%6.8%-4.6%-5.2%
EPS0.0250.53-0.38-0.54
% Growth-95.3%239.5%29.6%
EPS Diluted0.0250.52-0.38-0.54
Weighted Avg Shares Out111,244111,244107,54389,223
Weighted Avg Shares Out Dil111,549111,806107,54391,779
Supplemental Information
Interest Income$477$491$1,217$134
Interest Expense$11,854$9,474$19,609$13,157
Depreciation & Amortization$53,022$57,781$84,577$127,024
EBITDA$77,210$106,821$71,740$90,131
% Margin8.1%12.4%8.1%9.4%