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DATATRAK International, Inc. and Subsidiaries
Condensed Consolidated Statements of Operations
(Unaudited) |
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For the 3 Months Ended December 31, |
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2017 |
2016 |
Revenue |
$1,928,404 |
$2,046,920 |
Direct costs |
333,510 |
401,545 |
Gross profit |
1,594,894 |
1,645,375 |
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|
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Selling, general and administrative expenses |
1,104,748 |
1,372,175 |
Depreciation and amortization |
154,252 |
86,973 |
Income from operations |
335,894 |
186,227 |
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|
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Interest income |
1,114 |
198 |
Interest expense |
(911) |
(24,973) |
Net income before tax provision |
$ 336,097 |
$ 161,452 |
Tax provision |
(134,687) |
1,247 |
Net income |
$ 470,784 |
$ 160,205 |
Net income per share: |
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Net income per share, basic |
$ 0.21 |
$ 0.09 |
Weighted-average shares outstanding, basic |
2,272,196 |
1,755,253 |
Net income per share, diluted |
$ 0.20 |
$ 0.09 |
Weighted-average shares outstanding, diluted |
2,299,091 |
1,817,785 |
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