See more : Galaxia SM, Inc. (011420.KS) Income Statement Analysis – Financial Results
Complete financial analysis of Veritec, Inc. (VRTC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Veritec, Inc., a leading company in the Software – Application industry within the Technology sector.
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Veritec, Inc. (VRTC)
About Veritec, Inc.
Veritec, Inc., together with its subsidiaries, engages in the development, sale, and licensing of products; and provision of services related to mobile banking solutions in the United States. The company offers Mobile Toggle Card program, a debit based, pre-paid, and gift card solution to debit card issuers and sponsoring organizations; and blinx ON-OFF debit card-Visa prepaid card programs. It also enables card issuers and sponsors to issue debit, pre-paid, and gift cards under their own branded programs through the licensed use of the mobile banking platform; and provides related professional services. In addition, the company offers blinxPay mobile wallet application, a payment processing system that enables customers to make purchases at participating merchants using funds loaded into their blinxPay virtual account. Further, its mobile banking solution enables member card programs to process and settle member rewards in open or closed loop processing environment, as well as offers back-end card processing services to the card issuing institutions for various cardholder transactions on the licensed platform. The company was incorporated in 1982 and is based in Golden Valley, Minnesota.
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 461.00K | 356.00K | 353.00K | 389.00K | 438.00K | 306.53K | 498.48K | 325.54K | 681.09K | 945.81K | 1.64M | 720.17K | 586.78K | 885.41K | 941.59K | 904.18K | 1.33M | 2.21M | 2.36M | 1.62M | 2.96M | 2.35M | 564.77K | 179.49K | 1.11M | 116.35K |
| Cost of Revenue | 173.00K | 211.00K | 199.00K | 222.00K | 210.00K | 229.89K | 247.41K | 260.61K | 322.98K | 329.70K | 345.11K | 258.22K | 244.69K | 347.40K | 538.08K | 364.57K | 196.44K | 74.03K | 37.85K | 37.34K | 261.47K | 741.77K | 0.00 | 50.73K | 321.30K | 32.95K |
| Gross Profit | 288.00K | 145.00K | 154.00K | 167.00K | 228.00K | 76.64K | 251.07K | 64.92K | 358.11K | 616.10K | 1.29M | 461.96K | 342.10K | 538.01K | 403.50K | 539.61K | 1.14M | 2.13M | 2.32M | 1.58M | 2.70M | 1.61M | 564.77K | 128.76K | 790.66K | 83.40K |
| Gross Profit Ratio | 62.47% | 40.73% | 43.63% | 42.93% | 52.05% | 25.00% | 50.37% | 19.94% | 52.58% | 65.14% | 78.90% | 64.15% | 58.30% | 60.76% | 42.85% | 59.68% | 85.26% | 96.64% | 98.40% | 97.69% | 91.18% | 68.47% | 100.00% | 71.74% | 71.11% | 71.68% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 18.75K | 30.00K | 92.99K | 68.79K | 98.41K | 188.81K | 128.67K | 206.75K | 219.33K | 429.16K | 577.00K | 580.22K | 391.98K | 193.53K | 108.68K | 74.59K | 148.16K | 289.30K | 147.09K | 299.40K | 128.94K |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 630.00K | 604.96K | 587.17K | 688.35K | 707.86K | 841.82K | 578.95K | 791.32K | 605.72K | 986.13K | 1.39M | 1.50M | 1.10M | 1.81M | 1.36M | 2.28M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.76K | 67.61K | 19.63K | 83.86K | 31.59K | 86.07K | 144.97K | 162.61K | 166.41K | 100.02K | 242.84K | 238.99K | 30.13K | 64.29K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 796.00K | 883.00K | 728.00K | 861.00K | 630.00K | 604.96K | 588.93K | 755.96K | 727.49K | 925.68K | 610.54K | 877.38K | 750.69K | 1.15M | 1.56M | 1.60M | 1.34M | 2.04M | 1.39M | 2.35M | 2.70M | 2.50M | 555.90K | 618.71K | 853.04K | 335.82K |
| Other Expenses | 0.00 | 0.00 | 397.00K | 0.00 | 167.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8.17M | 0.00 | 58.70K | 0.00 | 9.00K | 35.25K | 6.35K |
| Operating Expenses | 796.00K | 883.00K | 728.00K | 861.00K | 630.00K | 623.71K | 618.93K | 848.96K | 796.28K | 1.02M | 799.35K | 1.01M | 957.43K | 1.37M | 1.99M | 2.18M | 1.92M | 2.44M | 1.59M | 10.63M | 2.78M | 2.71M | 845.20K | 774.80K | 1.19M | 471.11K |
| Cost & Expenses | 969.00K | 1.09M | 927.00K | 1.08M | 840.00K | 853.60K | 866.33K | 1.11M | 1.12M | 1.35M | 1.14M | 1.26M | 1.20M | 1.72M | 2.52M | 2.54M | 2.12M | 2.51M | 1.62M | 10.67M | 3.04M | 3.45M | 845.20K | 825.53K | 1.51M | 504.06K |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 58.00 | 2.01K | 111.00 | 0.00 | 30.00 | 3.71K | 17.83K | 44.86K | 16.57K | 8.81K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 550.00K | 496.00K | 447.00K | 397.00K | 341.00K | 302.33K | 253.36K | 404.46K | 859.91K | 499.49K | 188.91K | 279.48K | 231.24K | 160.13K | 139.88K | 21.89K | 17.83K | 44.86K | 16.57K | 60.04K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 0.00 | 738.00K | 574.00K | 694.00K | 402.00K | 16.04K | 16.04K | 64.34K | 64.58K | 411.00 | 239.00 | 644.00 | 15.82K | 28.61K | 50.32K | 43.15K | 117.11K | 27.93K | 7.52K | 21.76K | 75.73K | 70.22K | 48.61K | 44.70K | 35.25K | 6.35K |
| EBITDA | -508.00K | -738.00K | 515.00K | -694.00K | -235.00K | -547.07K | -351.81K | -901.01K | -373.60K | -359.45K | 491.21K | -541.45K | -599.40K | -801.46K | -1.53M | -1.60M | -669.33K | -276.93K | 746.97K | -9.01M | -676.00 | -1.03M | -231.82K | -601.34K | -361.79K | -381.36K |
| EBITDA Ratio | -110.20% | -207.30% | -50.14% | -178.41% | -53.65% | -178.47% | -70.58% | -221.08% | -54.85% | -43.09% | 30.04% | -75.18% | -102.17% | -90.52% | -162.62% | -176.48% | -50.20% | -12.50% | -364.45% | -558.23% | -5.17% | -43.83% | -73.01% | -330.01% | -32.52% | -322.46% |
| Operating Income | -508.00K | -738.00K | -574.00K | -694.00K | -402.00K | -547.07K | -367.85K | -784.03K | -438.17K | -407.99K | 490.91K | -544.10K | -615.34K | -830.07K | -1.58M | -1.64M | -786.44K | -304.86K | 739.46K | -9.05M | -76.40K | -1.10M | -280.43K | -646.04K | -397.04K | -387.71K |
| Operating Income Ratio | -110.20% | -207.30% | -162.61% | -178.41% | -91.78% | -178.47% | -73.79% | -240.84% | -64.33% | -43.14% | 30.02% | -75.55% | -104.87% | -93.75% | -167.97% | -181.34% | -59.01% | -13.82% | 31.30% | -559.57% | -2.58% | -46.81% | -49.65% | -359.92% | -35.71% | -333.23% |
| Total Other Income/Expenses | -550.00K | -496.00K | 68.00K | -397.00K | -174.00K | -302.33K | 349.64K | -585.77K | -859.91K | -499.49K | -188.86K | -277.47K | -231.12K | -160.13K | 0.00 | -18.97K | 17.56K | 43.66K | 9.37M | 0.00 | 43.49K | -74.06K | 180.51K | -9.00K | -198.00 | -6.19K |
| Income Before Tax | -1.06M | -1.23M | -506.00K | -1.09M | -576.00K | -849.40K | -18.21K | -1.37M | -1.30M | -907.47K | 302.05K | -821.57K | 0.00 | 0.00 | 0.00 | -1.64M | -786.71K | -306.06K | 10.10M | 0.00 | -32.92K | -1.18M | -99.93K | -655.03K | -397.24K | -393.90K |
| Income Before Tax Ratio | -229.50% | -346.63% | -143.34% | -280.46% | -131.51% | -277.10% | -3.65% | -420.79% | -190.59% | -95.95% | 18.47% | -114.08% | 0.00% | 0.00% | 0.00% | -181.43% | -59.03% | -13.88% | 427.36% | 0.00% | -1.11% | -49.96% | -17.69% | -364.94% | -35.72% | -338.55% |
| Income Tax Expense | 0.00 | -738.00K | -515.00K | 397.00K | 341.00K | -16.04K | 603.00K | 404.46K | 0.00 | 0.00 | 58.00 | 2.01K | 231.12K | 160.13K | 139.85K | 18.97K | -17.56K | -43.66K | -9.37M | 348.21K | 1.90K | 1.69K | -97.79K | 87.33K | 46.03K | 63.51K |
| Net Income | -1.06M | -1.23M | 9.00K | -1.49M | -917.00K | -849.40K | -18.21K | -1.37M | -1.30M | -907.47K | 302.05K | -821.57K | -846.46K | -990.20K | -1.72M | -1.66M | -768.88K | -261.20K | 10.11M | -9.40M | -34.82K | -1.18M | -182.65K | -733.37K | -443.07K | -451.22K |
| Net Income Ratio | -229.50% | -346.63% | 2.55% | -382.52% | -209.36% | -277.10% | -3.65% | -420.79% | -190.59% | -95.95% | 18.47% | -114.08% | -144.25% | -111.84% | -182.82% | -183.44% | -57.69% | -11.84% | 428.07% | -581.10% | -1.17% | -50.03% | -32.34% | -408.58% | -39.85% | -387.82% |
| EPS | -0.03 | -0.03 | 0.00 | -0.04 | -0.02 | -0.02 | 0.00 | -0.03 | -0.04 | -0.06 | 0.02 | -0.05 | -0.05 | -0.06 | -0.11 | -0.11 | -0.05 | -0.02 | 0.67 | -0.85 | 0.00 | -0.17 | -0.03 | -0.11 | -0.08 | -0.13 |
| EPS Diluted | -0.03 | -0.03 | 0.00 | -0.04 | -0.02 | -0.02 | 0.00 | -0.03 | -0.04 | -0.06 | 0.02 | -0.05 | -0.05 | -0.06 | -0.11 | -0.11 | -0.05 | -0.02 | 0.67 | -0.85 | 0.00 | -0.17 | -0.01 | -0.11 | -0.08 | -0.13 |
| Weighted Avg Shares Out | 39.98M | 39.99M | 39.99M | 39.80M | 39.64M | 39.54M | 39.54M | 39.54M | 33.74M | 16.35M | 15.92M | 15.92M | 15.92M | 15.92M | 15.88M | 15.15M | 15.11M | 15.08M | 15.08M | 11.04M | 7.07M | 7.03M | 6.77M | 6.61M | 5.71M | 3.53M |
| Weighted Avg Shares Out (Dil) | 39.98M | 39.99M | 39.99M | 39.80M | 39.64M | 39.54M | 39.54M | 39.54M | 33.74M | 16.35M | 18.98M | 15.92M | 15.92M | 15.92M | 15.88M | 15.15M | 15.11M | 15.08M | 15.11M | 11.04M | 7.07M | 7.03M | 12.54M | 6.61M | 5.71M | 3.53M |
Source: https://incomestatements.info
Category: Stock Reports