MGIC | Magic Software Enterprises Ltd. Stock Financials Income Statements Annual

(Stock Exchange: NASDAQ)

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Financial Year End	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31
Revenue	535.05M	566.79M	480.32M	371.19M	325.63M	284.38M	257.99M	201.65M	176.03M	164.30M	144.96M	126.38M	113.33M	88.58M	55.35M	61.98M	58.43M	61.73M	60.99M	65.17M	63.39M	60.00M	76.56M	90.26M	63.99M	38.80M	37.40M	36.40M	25.40M	21.40M
Cost of Revenue	382.06M	411.44M	347.33M	261.60M	223.50M	195.56M	175.16M	133.28M	113.22M	99.73M	85.89M	73.39M	67.26M	51.45M	26.26M	27.14M	27.34M	28.72M	26.68M	25.48M	24.14M	28.99M	36.54M	33.86M	15.27M	12.50M	12.10M	9.30M	4.50M	3.50M
Gross Profit	152.99M	155.35M	132.99M	109.59M	102.13M	88.82M	82.83M	68.36M	62.81M	64.58M	59.06M	52.99M	46.07M	37.13M	29.09M	34.84M	31.09M	33.01M	34.31M	39.69M	39.25M	31.01M	40.02M	56.40M	48.72M	26.30M	25.30M	27.10M	20.90M	17.90M
Operating Expenses	95.88M	94.04M	79.25M	67.92M	68.48M	57.12M	56.53M	46.68M	41.38M	42.30M	39.94M	36.58M	31.35M	27.79M	24.83M	30.57M	29.81M	36.29M	38.58M	36.39M	35.59M	36.03M	74.23M	53.41M	37.65M	29.50M	29.50M	24.60M	21.20M	17.90M
Selling, General & Admin	85.31M	83.95M	70.26M	59.13M	60.24M	51.42M	49.59M	40.84M	36.49M	37.55M	36.23M	33.63M	29.31M	25.72M	23.52M	28.22M	27.09M	32.35M	34.84M	32.54M	30.81M	30.69M	46.60M	47.46M	31.18M	23.90M	23.60M	20.10M	20.00M	16.60M
Research & Development	10.33M	10.09M	8.99M	8.79M	8.24M	5.70M	6.94M	5.84M	4.89M	4.75M	3.71M	2.95M	2.05M	2.07M	1.31M	2.35M	2.72M	3.94M	3.73M	3.85M	4.78M	5.34M	7.55M	5.95M	2.95M	2.80M	3.30M	2.60M	N/A	N/A
Other Operating Expenses	240.00K	N/A	N/A	N/A	N/A	N/A	N/A	N/A	8.00K	-67.00K	-12.00K	136.00K	125.00K	159.00K	-1.97M	N/A	N/A	N/A	N/A	N/A	N/A	1.12M	20.08M	N/A	3.52M	2.80M	2.60M	1.90M	1.20M	1.30M
Operating Income	57.11M	61.38M	51.23M	40.59M	33.65M	31.70M	25.96M	20.86M	21.43M	20.73M	19.13M	16.41M	14.72M	9.34M	4.26M	4.27M	1.28M	-5.44M	-4.26M	3.30M	3.66M	-6.14M	-40.82M	529.00K	11.08M	-3.20M	-4.20M	2.50M	-300.00K	-1.20M
Other Expenses / Income	-4.67M	-4.34M	-6.51M	-3.19M	-1.18M	149.00K	-1.71M	-430.00K	-677.00K	-1.85M	-696.00K	146.00K	346.00K	-65.00K	2.25M	448.00K	331.00K	-661.00K	358.00K	912.00K	265.00K	861.00K	-1.80M	914.00K	-167.00K	-2.96M	-5.80M	-600.00K	200.00K	-1.20M
Before Tax Income	52.44M	57.72M	45.26M	37.40M	32.47M	31.85M	24.25M	20.66M	20.76M	18.87M	18.43M	16.55M	15.06M	9.27M	6.51M	4.71M	1.61M	-4.75M	-3.90M	4.21M	3.93M	-5.28M	-42.62M	1.44M	10.91M	-6.20M	-10.00M	1.90M	-100.00K	-1.20M
Income Tax Expenses	9.93M	11.20M	10.36M	7.29M	6.87M	7.07M	6.33M	3.95M	3.68M	2.31M	1.57M	94.00K	-203.00K	-102.00K	334.00K	199.00K	362.00K	325.00K	491.00K	281.00K	230.00K	384.00K	167.00K	523.00K	2.00K	100.00K	500.00K	500.00K	300.00K	200.00K
Net Income	37.03M	40.47M	29.77M	25.19M	20.27M	19.88M	15.44M	14.17M	16.20M	15.40M	15.88M	16.18M	15.04M	9.38M	6.18M	4.51M	12.61M	-5.01M	-4.61M	4.09M	3.07M	-5.66M	-42.79M	920.00K	10.91M	-6.30M	-10.50M	1.40M	-400.00K	-1.40M
Interest Expenses	9.23M	3.66M	3.15M	917.00K	385.00K	990.00K	1.19M	456.00K	N/A	308.00K	577.00K	28.00K	112.00K	173.00K	N/A	485.00K	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Basic Shares Outstanding	49.37M	49.09M	49.06M	49.03M	48.90M	46.67M	44.44M	44.35M	44.25M	43.29M	36.84M	36.50M	36.27M	32.14M	31.90M	31.77M	31.52M	31.29M	30.71M	31.46M	30.67M	29.81M	29.74M	30.67M	24.24M	17.57M	14.58M	14.00M	13.33M	12.73M
Diluted Shares Outstanding	49.10M	49.13M	49.10M	49.05M	48.99M	46.80M	44.60M	44.52M	44.45M	43.30M	37.29M	37.11M	37.05M	32.73M	32.11M	32.03M	32.33M	31.29M	30.71M	32.50M	30.67M	29.81M	29.74M	30.67M	25.36M	17.57M	14.58M	14.00M	13.33M	12.73M
EBITDA	82.27M	82.20M	74.47M	55.62M	47.93M	44.22M	39.57M	32.70M	31.32M	30.99M	27.51M	24.00M	20.10M	9.34M	11.07M	8.33M	1.28M	682.00K	-942.00K	3.30M	3.66M	-515.00K	-26.10M	9.41M	14.59M	-440.00K	-1.57M	4.40M	900.00K	1.30M
EBITDA Margin	15.38%	14.50%	15.50%	14.98%	14.72%	15.55%	15.34%	16.21%	17.79%	18.86%	18.98%	18.99%	17.74%	10.54%	20.00%	13.44%	2.19%	1.10%	-1.54%	5.07%	5.78%	-0.86%	-34.10%	10.43%	22.80%	-1.13%	-4.19%	12.09%	3.54%	6.07%
EBIT	56.19M	55.33M	43.28M	33.39M	27.52M	27.94M	22.96M	18.57M	19.88M	18.02M	18.03M	16.30M	14.95M	9.45M	6.51M	5.19M	12.97M	-4.68M	-4.12M	4.37M	3.30M	-5.28M	-42.62M	1.44M	10.91M	-6.20M	-10.00M	1.90M	-100.00K	-1.20M
EBIT Margin	10.50%	9.76%	9.01%	9.00%	8.45%	9.83%	8.90%	9.21%	11.29%	10.97%	12.44%	12.90%	13.19%	10.66%	11.76%	8.38%	22.20%	-7.58%	-6.75%	6.71%	5.20%	-8.80%	-55.67%	1.60%	17.05%	-15.98%	-26.74%	5.22%	-0.39%	-5.61%
Financial Year End	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31