Income Statement Innofactor

Stocks

IFA1V

FI0009007637

Software

Market Closed - Nasdaq Helsinki Other stock markets 16:17:13 23/04/2025 +04			5-day change	1st Jan Change
1.710 ^EUR	-.--%		-.--%	-

25/04/25	Innofactor Delists from Nasdaq Helsinki Following Takeover by Onni Bidco	MT
31/03/25	Innofactor to Delist from Nasdaq Helsinki	MT

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Published financial data: INNOFACTOR

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	66.16M	66.36M	71.13M	80.26M	77.58M
Total Revenues	66.16M	66.36M	71.13M	80.26M	77.58M
Cost of Goods Sold, Total	49.76M	52.33M	56.41M	64.29M	62.63M
Gross Profit	16.4M	14.04M	14.72M	15.97M	14.95M
Selling General & Admin Expenses, Total	490K	1.21M	1.33M	1.29M	642K
Depreciation & Amortization - (IS)	4.66M	3.59M	3.06M	3.27M	2.95M
Other Operating Expenses	8.75M	5.4M	5.82M	5.58M	7.97M
Other Operating Expenses, Total	13.9M	10.2M	10.2M	10.14M	11.56M
Operating Income	2.5M	3.84M	4.52M	5.84M	3.38M
Interest Expense, Total	-701K	-607K	-618K	-777K	-517K
Interest And Investment Income	29K	2K	1K	-	4K
Net Interest Expenses	-672K	-605K	-617K	-777K	-513K
Currency Exchange Gains (Loss)	211K	-310K	-	-	-
Other Non Operating Income (Expenses)	10K	126K	43K	116K	68K
EBT, Excl. Unusual Items	2.05M	3.05M	3.95M	5.17M	2.94M
Gain (Loss) On Sale Of Assets	-	2.68M	-	-	-
Legal Settlements	-	-	231K	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	2.05M	5.73M	4.18M	5.17M	2.94M
Income Tax Expense	288K	1.23M	858K	1.74M	2.68M
Earnings From Continuing Operations	1.76M	4.5M	3.32M	3.44M	263K
Net Income to Company	1.76M	4.5M	3.32M	3.44M	263K
Net Income - (IS)	1.76M	4.5M	3.32M	3.44M	263K
Net Income to Common Incl Extra Items	1.76M	4.5M	3.32M	3.44M	263K
Net Income to Common Excl. Extra Items	1.76M	4.5M	3.32M	3.44M	263K
Per Share Items
Net EPS - Basic	0.05	0.12	0.09	0.09	0.01
Basic EPS - Continuing Operations	0.05	0.12	0.09	0.09	0.01
Basic Weighted Average Shares Outstanding	37.39M	37.39M	37.39M	36.81M	36.29M
Net EPS - Diluted	0.05	0.12	0.09	0.09	0.01
Diluted EPS - Continuing Operations	0.05	0.12	0.09	0.09	0.01
Diluted Weighted Average Shares Outstanding	37.39M	37.39M	37.39M	36.81M	36.29M
Normalized Basic EPS	0.03	0.05	0.07	0.09	0.05
Normalized Diluted EPS	0.03	0.05	0.07	0.09	0.05
Dividend Per Share	0.02	0.08	-	-	-
Payout Ratio	-	16.61	-	-	-
Supplemental Items
EBITDA	7.16M	5.62M	5.53M	6.97M	4.35M
EBITA	4.98M	5.3M	5.09M	6.35M	3.7M
EBIT	2.5M	3.84M	4.52M	5.84M	3.38M
EBITDAR	7.38M	6.27M	6.12M	7.82M	4.99M
Effective Tax Rate - (Ratio)	14.06	21.4	20.54	33.55	91.05
Total Current Taxes	10K	-	-	-	607K
Total Deferred Taxes	278K	1.22M	855K	1.58M	2.02M
Normalized Net Income	1.28M	1.91M	2.47M	3.23M	1.84M
Interest on Long-Term Debt	142K	106K	154K	162K	152K
Supplemental Operating Expense Items
Marketing Expenses	490K	561K	744K	438K	-
Selling and Marketing Expenses	490K	561K	744K	438K	-
Research And Development Expense From Footnotes	3.62M	3.5M	4.15M	5.11M	5.56M
Net Rental Expense, Total	213K	651K	583K	852K	642K
Imputed Operating Lease Interest Expense	73.98K	251K	239K	442K	293K
Imputed Operating Lease Depreciation	139K	400K	344K	410K	349K

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	3.07M	1.96M	1.96M	425K	1.5M
Total Cash And Short Term Investments	3.07M	1.96M	1.96M	425K	1.5M
Accounts Receivable, Total	11.89M	10.97M	12.68M	17.12M	12.84M
Other Receivables	1.89M	2.33M	1.78M	1.29M	2.82M
Notes Receivable	141K	98K	79K	37K	-4K
Total Receivables	13.92M	13.4M	14.54M	18.45M	15.66M
Prepaid Expenses	-	-	-	-	-
Other Current Assets, Total	-	-	-1K	-1K	-
Total Current Assets	16.99M	15.37M	16.5M	18.87M	17.16M
Gross Property Plant And Equipment	11.99M	-	-	19.3M	22.55M
Accumulated Depreciation	-7.65M	-	-	-15.04M	-17.66M
Net Property Plant And Equipment	4.34M	3.7M	5.92M	4.26M	4.89M
Long-term Investments	5K	5K	5K	98K	98K
Goodwill	26.53M	26.39M	26.83M	26.84M	26.64M
Other Intangibles, Total	2.08M	633K	2.4M	1.93M	1.62M
Accounts Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	6.41M	4.83M	4.09M	2.42M	293K
Other Long-Term Assets, Total	245K	129K	77K	44K	-
Total Assets	56.61M	51.06M	55.82M	54.45M	50.7M
Liabilities
Accounts Payable, Total	1.56M	1.34M	9.36M	10.73M	10.06M
Accrued Expenses, Total	8.55M	6.77M	-	-	-
Current Portion of Long-Term Debt	2.54M	1.87M	4.89M	4.56M	1.54M
Current Portion of Leases	1.74M	1.6M	2.12M	2M	1.78M
Other Current Liabilities	5.84M	6.24M	5.46M	6.84M	7.24M
Total Current Liabilities	20.23M	17.82M	21.82M	24.12M	20.62M
Long-Term Debt	8.89M	4.68M	4.52M	1.77M	2.8M
Long-Term Leases	2.22M	1.66M	2.83M	1.3M	2.36M
Deferred Tax Liability Non Current	1.82M	1.49M	1.85M	1.78M	1.73M
Other Non Current Liabilities	1K	-	-	1K	-
Total Liabilities	33.16M	25.65M	31.02M	28.97M	27.51M
Common Stock, Total	2.1M	2.1M	2.1M	2.1M	2.1M
Additional Paid In Capital	72K	72K	72K	72K	72K
Retained Earnings	1.8M	5.56M	7.73M	10.72M	10.44M
Treasury Stock	-	-1.15M	-447K	-527K	-
Comprehensive Income and Other	19.47M	18.82M	15.35M	13.12M	10.58M
Total Common Equity	23.44M	25.4M	24.8M	25.48M	23.2M
Total Equity	23.44M	25.4M	24.8M	25.48M	23.2M
Total Liabilities And Equity	56.61M	51.06M	55.82M	54.45M	50.7M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	37.39M	37.39M	36.21M	35.74M	35.79M
ECS Total Common Shares Outstanding	37.39M	37.39M	36.21M	35.74M	35.79M
Book Value / Share	0.63	0.68	0.68	0.71	0.65
Tangible Book Value	-5.17M	-1.62M	-4.43M	-3.28M	-5.06M
Tangible Book Value Per Share	-0.14	-0.04	-0.12	-0.09	-0.14
Total Debt	15.39M	9.82M	14.35M	9.62M	8.48M
Net Debt	12.32M	7.85M	12.39M	9.19M	6.98M
Debt Equivalent Oper. Leases	1.7M	5.21M	4.66M	6.82M	5.14M
Account Code - Inventory Valuation	3	3	3	3	3
Buildings, Total	7.09M	-	-	-	-
Machinery, Total	4.9M	-	-	6.91M	7.32M
Full Time Employees	541	500	564	581	546
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	41K	15K
Order Backlog	60.42M	72.84M	75.83M	71.56M	75.43M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	1.76M	4.5M	3.32M	3.44M	263K
Depreciation & Amortization - CF	2.18M	2.14M	2.49M	2.75M	2.64M
Amortization of Goodwill and Intangible Assets - (CF)	2.48M	1.46M	568K	512K	310K
Depreciation & Amortization, Total	4.66M	3.59M	3.06M	3.27M	2.95M
Other Operating Activities, Total	-592K	1.48M	1.06M	1.72M	2.41M
Change In Accounts Receivable	-9K	479K	-102K	-3.95M	2.75M
Change In Accounts Payable	-	-	-	-	-
Change in Other Net Operating Assets	-813K	-1.2M	-630K	2.76M	-279K
Cash from Operations	5.01M	8.86M	6.7M	7.23M	8.09M
Capital Expenditure	-311K	-402K	-872K	-714K	-472K
Cash Acquisitions	-97K	-	-2.82M	200K	-
Investment in Marketable and Equity Securities, Total	-	-	-	-93K	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	319K	159K	103K	74K	86K
Other Investing Activities, Total	-	-400K	1K	-	-
Cash from Investing	-89K	-643K	-3.59M	-533K	-386K
Long-Term Debt Issued, Total	3M	-	4.68M	-	-
Total Debt Issued	3M	-	4.68M	-	-
Long-Term Debt Repaid, Total	-5.82M	-6.67M	-4.42M	-5.36M	-4.13M
Total Debt Repaid	-5.82M	-6.67M	-4.42M	-5.36M	-4.13M
Issuance of Common Stock	10K	-	-	336K	-
Repurchase of Common Stock	-	-1.15M	-447K	-1.03M	-
Common Dividends Paid	-	-748K	-	-	-
Common & Preferred Stock Dividends Paid	-	-748K	-	-	-
Special Dividend Paid	-	-748K	-2.93M	-2.18M	-2.5M
Other Financing Activities, Total	-10K	-	-	-	-
Cash from Financing	-2.82M	-9.32M	-3.12M	-8.23M	-6.63M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	2.1M	-1.1M	-7K	-1.53M	1.08M
Supplemental Items
Cash Interest Paid	682K	430K	40K	206K	221K
Cash Income Tax Paid (Refund)	10K	-	-	-	536K
Levered Free Cash Flow	5.06M	4.13M	3.95M	4.56M	6.78M
Unlevered Free Cash Flow	5.5M	4.51M	4.34M	5.05M	7.1M
Change In Net Working Capital	419K	1.08M	670K	1.15M	-2.51M
Net Debt Issued / Repaid	-2.82M	-6.67M	256K	-5.36M	-4.13M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	2.78	4.46	5.29	6.61	4.02
Return on Total Capital	4.01	6.48	7.6	9.82	6.34
Return On Equity %	7.73	18.44	13.23	13.67	1.08
Return on Common Equity	7.73	18.44	13.23	13.67	1.08
Margin Analysis
Gross Profit Margin %	24.79	21.15	20.7	19.9	19.27
SG&A Margin	0.74	1.83	1.87	1.61	0.83
EBITDA Margin %	10.83	8.47	7.78	8.69	5.61
EBITA Margin %	7.52	7.98	7.15	7.91	4.76
EBIT Margin %	3.78	5.78	6.36	7.27	4.36
Income From Continuing Operations Margin %	2.66	6.79	4.67	4.28	0.34
Net Income Margin %	2.66	6.79	4.67	4.28	0.34
Net Avail. For Common Margin %	2.66	6.79	4.67	4.28	0.34
Normalized Net Income Margin	1.94	2.87	3.47	4.03	2.37
Levered Free Cash Flow Margin	7.64	6.22	5.56	5.68	8.74
Unlevered Free Cash Flow Margin	8.31	6.79	6.1	6.29	9.16
Asset Turnover
Asset Turnover	1.18	1.23	1.33	1.46	1.48
Fixed Assets Turnover	13.74	16.51	14.79	15.77	16.96
Receivables Turnover (Average Receivables)	5.61	5.8	6.01	5.39	5.18
Short Term Liquidity
Current Ratio	0.84	0.86	0.76	0.78	0.83
Quick Ratio	0.83	0.86	0.75	0.78	0.83
Operating Cash Flow to Current Liabilities	0.25	0.5	0.31	0.3	0.39
Days Sales Outstanding (Average Receivables)	65.27	62.88	60.68	67.75	70.67
Average Days Payable Outstanding	13.83	10.11	56.53	57.03	60.75
Long Term Solvency
Total Debt/Equity	65.63	38.64	57.87	37.73	36.56
Total Debt / Total Capital	39.62	27.87	36.65	27.4	26.77
LT Debt/Equity	47.38	24.96	29.63	12.03	22.23
Long-Term Debt / Total Capital	28.61	18	18.77	8.73	16.28
Total Liabilities / Total Assets	58.58	50.24	55.57	53.2	54.25
EBIT / Interest Expense	3.57	6.32	7.32	7.51	6.55
EBITDA / Interest Expense	10.22	12.24	12.26	11.71	12.26
(EBITDA - Capex) / Interest Expense	9.77	11.58	10.85	10.79	11.34
Total Debt / EBITDA	2.15	1.32	1.89	1.06	1.34
Net Debt / EBITDA	1.72	1.06	1.64	1.01	1.1
Total Debt / (EBITDA - Capex)	2.25	1.4	2.14	1.15	1.45
Net Debt / (EBITDA - Capex)	1.8	1.12	1.85	1.1	1.19
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	3.06	0.3	7.18	12.84	-3.35
Gross Profit, 1 Yr. Growth %	14.49	-14.4	4.89	8.47	-6.41
EBITDA, 1 Yr. Growth %	101.32	6.7	-3.71	25.98	-37.58
EBITA, 1 Yr. Growth %	51.58	6.37	-6.09	24.72	-41.78
EBIT, 1 Yr. Growth %	214.47	53.52	14.11	29.06	-41.99
Earnings From Cont. Operations, 1 Yr. Growth %	321.29	155.76	-26.29	3.55	-92.35
Net Income, 1 Yr. Growth %	321.29	155.76	-26.29	3.55	-92.35
Normalized Net Income, 1 Yr. Growth %	16.98K	48.8	24.39	31.09	-43.18
Diluted EPS Before Extra, 1 Yr. Growth %	316.84	155.77	-26	1.35	-92.47
Accounts Receivable, 1 Yr. Growth %	1.61	-7.74	15.55	35.01	-24.99
Net Property, Plant and Equip., 1 Yr. Growth %	-18	-14.68	59.93	-28.08	14.87
Total Assets, 1 Yr. Growth %	1.59	-9.8	9.32	-2.44	-6.88
Tangible Book Value, 1 Yr. Growth %	-31.99	-68.63	173.12	-25.94	54.34
Common Equity, 1 Yr. Growth %	5.87	8.36	-2.38	2.76	-8.98
Cash From Operations, 1 Yr. Growth %	-19.31	76.75	-24.29	7.83	11.97
Capital Expenditures, 1 Yr. Growth %	-49.76	29.26	116.92	-18.12	-33.89
Levered Free Cash Flow, 1 Yr. Growth %	-4.08	-5.86	-5.98	15.35	48.68
Unlevered Free Cash Flow, 1 Yr. Growth %	-4.79	-17.97	-5.34	16.27	40.77
Dividend Per Share, 1 Yr. Growth %	-	300	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	2.36	1.67	3.68	9.97	4.43
Gross Profit, 2 Yr. CAGR %	28.7	-1	-5.24	6.67	0.76
EBITDA, 2 Yr. CAGR %	163.84	25.71	2.47	10.14	-11.32
EBITA, 2 Yr. CAGR %	92.45	26.98	1.11	8.22	-14.79
EBIT, 2 Yr. CAGR %	-19.64	119.72	34.48	21.36	-13.47
Earnings From Cont. Operations, 2 Yr. CAGR %	-25.65	228.25	37.31	-12.63	-71.85
Net Income, 2 Yr. CAGR %	-25.65	228.25	37.31	-12.63	-71.85
Normalized Net Income, 2 Yr. CAGR %	-34.05	1.49K	38.79	27.7	-13.69
Diluted EPS Before Extra, 2 Yr. CAGR %	-26.86	226.52	37.31	-13.4	-71.93
Accounts Receivable, 2 Yr. CAGR %	2.54	-3.18	3.25	24.9	0.63
Net Property, Plant and Equip., 2 Yr. CAGR %	199.38	-16.36	16.81	7.25	-9.11
Total Assets, 2 Yr. CAGR %	4.46	-4.28	-0.7	3.27	-4.69
Tangible Book Value, 2 Yr. CAGR %	-31.24	-53.81	-7.44	42.23	6.92
Common Equity, 2 Yr. CAGR %	4.9	7.11	2.85	0.16	-3.29
Cash From Operations, 2 Yr. CAGR %	193.65	19.42	15.68	-9.65	9.88
Capital Expenditures, 2 Yr. CAGR %	-47.61	-19.41	67.45	33.27	-26.43
Levered Free Cash Flow, 2 Yr. CAGR %	140.84	-11.51	-5.04	4.14	30.96
Unlevered Free Cash Flow, 2 Yr. CAGR %	318.1	-11.63	-11.13	4.91	27.94
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	0.25	1.67	3.48	6.65	5.34
Gross Profit, 3 Yr. CAGR %	8.79	12.34	0.92	-0.88	2.12
EBITDA, 3 Yr. CAGR %	76.26	76.14	15.86	9.78	-8.85
EBITA, 3 Yr. CAGR %	87.02	57.94	15.72	8.44	-11.98
EBIT, 3 Yr. CAGR %	19.61	-0.28	78.49	32.65	-5.11
Earnings From Cont. Operations, 3 Yr. CAGR %	11.72	12.23	99.52	24.98	-61.2
Net Income, 3 Yr. CAGR %	11.72	12.23	99.52	24.98	-61.2
Normalized Net Income, 3 Yr. CAGR %	-0.23	-13.5	590.29	36.17	-2.51
Diluted EPS Before Extra, 3 Yr. CAGR %	9.64	11.02	98.82	24.09	-61.22
Accounts Receivable, 3 Yr. CAGR %	-6.86	-1.01	2.7	12.9	5.38
Net Property, Plant and Equip., 3 Yr. CAGR %	89.25	97.01	3.82	-0.63	9.73
Total Assets, 3 Yr. CAGR %	-0.96	-0.53	0.06	-1.29	-0.23
Tangible Book Value, 3 Yr. CAGR %	-18.15	-47.07	-16.48	-14.07	46.16
Common Equity, 3 Yr. CAGR %	-1.81	6.04	3.85	2.82	-2.99
Cash From Operations, 3 Yr. CAGR %	6.32	147.93	2.59	13	-2.95
Capital Expenditures, 3 Yr. CAGR %	-43.1	-29.21	12.1	31.92	5.5
Levered Free Cash Flow, 3 Yr. CAGR %	27.82	67.92	-9.14	1.32	17.26
Unlevered Free Cash Flow, 3 Yr. CAGR %	39.62	142.94	-9.06	-2.8	15.72
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	8.28	2.17	1.61	4.91	3.86
Gross Profit, 5 Yr. CAGR %	9.79	0.88	2.94	10.04	0.86
EBITDA, 5 Yr. CAGR %	14.09	3.08	33.44	46.62	4.11
EBITA, 5 Yr. CAGR %	9.74	4.2	46.23	36.41	2.39
EBIT, 5 Yr. CAGR %	-0.33	10.48	25.35	8.55	33.61
Earnings From Cont. Operations, 5 Yr. CAGR %	2.61	24.01	21.32	1.53	-8.85
Net Income, 5 Yr. CAGR %	2.61	24.01	21.32	1.53	-8.85
Normalized Net Income, 5 Yr. CAGR %	1.15	9.69	13.86	1.89	200.49
Diluted EPS Before Extra, 5 Yr. CAGR %	-0.17	20.87	19.97	0.44	-9.13
Accounts Receivable, 5 Yr. CAGR %	-0.32	-7.58	-2.94	8.64	1.87
Net Property, Plant and Equip., 5 Yr. CAGR %	51.64	42.58	56.03	54.47	-1.56
Total Assets, 5 Yr. CAGR %	5.18	-4.29	-0.86	0.97	-1.87
Tangible Book Value, 5 Yr. CAGR %	20.73	-35.32	-14.03	-21.4	-7.81
Common Equity, 5 Yr. CAGR %	-0.9	2.46	0.03	3.65	0.93
Cash From Operations, 5 Yr. CAGR %	4.91	20.8	9.97	65.57	5.45
Capital Expenditures, 5 Yr. CAGR %	-8.2	-13.77	-12.37	-8.82	-5.28
Levered Free Cash Flow, 5 Yr. CAGR %	45.12	-14.62	10.3	39.23	5.16
Unlevered Free Cash Flow, 5 Yr. CAGR %	36.36	-13.6	16.54	74.23	4.24