Item 8 Financial Statements As Reported
Income Statement
FYE 6/30/20
FYE 6/30/21
FYE 6/30/22
Revenue:
Product Revenue
68,041
71,074
72,732
Service and Other Revenue
74,974
97,014
125,538
Total Revenue
143,015
168,088
198,270
Cost of Revenue:
Product Cost of revenue
16,017
18,219
19,064
Service and Other Cost of revenue
30,061
34,013
43,586
Total Cost of revenue
46,078
52,232
62,650
Gross Profit:
Product Gross Profit
52,024
52,855
53,668
Service and Other Gross Profit
44,913
63,001
81,952
Total Gross Profit
96,937
115,856
135,620
Research and development
19,269
20,716
24,512
Sales and marketing
19,598
20,117
21,825
General and administrative
5,111
5,107
5,900
Total Operating Income
52,959
69,916
83,383
Other Income (Expense) Net
77
1,186
333
Income before income taxes
53,036
71,102
83,716
Provision for income taxes
8,755
9,831
10,978
Net income
44,281
61,271
72,738
The 10-K Elves 🧝♂️🧝♀️ are putting together “10-K Elf” Reports for the following “Magnificent 7” (A.K.A. “Mag 7”) stocks.
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