SWAV Stock Income Statements
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Quarterly Income Statements
Quarterly
|
Annual
| Unit: USD | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| revenue: | ||||||||||||||||||||
| product revenue | 202,979,000 | 186,020,000 | 180,165,000 | 161,066,000 | 144,026,000 | 131,330,000 | 120,746,000 | 93,631,000 | 84,183,000 | 65,155,000 | 55,908,000 | 31,900,000 | 22,716,000 | 19,590,000 | 10,286,000 | 15,197,000 | 14,312,000 | 11,333,000 | 10,012,000 | 7,269,000 |
| yoy | 40.93% | 41.64% | 49.21% | 72.02% | 71.09% | 101.57% | 115.97% | 193.51% | 270.59% | 232.59% | 443.53% | 109.91% | 58.72% | 72.86% | 2.74% | 109.07% | ||||
| qoq | 9.12% | 3.25% | 11.86% | 11.83% | 9.67% | 8.77% | 28.96% | 11.22% | 29.20% | 16.54% | 75.26% | 40.43% | 15.96% | 90.45% | -32.32% | 6.18% | 26.29% | 13.19% | 37.74% | |
| cost of revenue: | ||||||||||||||||||||
| cost of product revenue | 25,316,000 | 24,513,000 | 24,493,000 | 21,066,000 | 17,502,000 | 17,874,000 | 16,730,000 | 12,890,000 | 12,663,000 | 10,949,000 | 9,934,000 | 7,892,000 | 6,471,000 | 5,277,000 | 3,592,000 | 5,651,000 | 5,553,000 | 4,401,000 | 4,133,000 | 3,072,000 |
| gross profit | 177,663,000 | 161,507,000 | 155,672,000 | 140,000,000 | 126,524,000 | 113,456,000 | 104,016,000 | 80,741,000 | 71,520,000 | 54,206,000 | 45,974,000 | 24,008,000 | 16,245,000 | 14,313,000 | 6,694,000 | 9,546,000 | ||||
| yoy | 40.42% | 42.35% | 49.66% | 73.39% | 76.91% | 109.31% | 126.25% | 236.31% | 340.26% | 278.72% | 586.79% | 151.50% | ||||||||
| qoq | 10.00% | 3.75% | 11.19% | 10.65% | 11.52% | 9.08% | 28.83% | 12.89% | 31.94% | 17.91% | 91.49% | 47.79% | 13.50% | 113.82% | -29.88% | |||||
| operating expenses: | ||||||||||||||||||||
| research and development | 42,321,000 | 39,526,000 | 36,829,000 | 26,971,000 | 23,723,000 | 20,177,000 | 20,760,000 | 17,019,000 | 14,717,000 | 13,735,000 | 11,815,000 | 10,277,000 | 9,044,000 | 7,891,000 | 8,101,000 | 11,890,000 | 10,075,000 | 8,368,000 | 6,926,000 | 7,484,000 |
| sales and marketing | 67,181,000 | 56,907,000 | 56,738,000 | 54,011,000 | 43,437,000 | 42,082,000 | 40,515,000 | 35,961,000 | 33,190,000 | 28,393,000 | 25,713,000 | 23,992,000 | 16,436,000 | 13,619,000 | 11,206,000 | 10,411,000 | 9,597,000 | 8,192,000 | 6,961,000 | 5,871,000 |
| general and administrative | 24,879,000 | 21,451,000 | 29,731,000 | 19,204,000 | 16,941,000 | 14,434,000 | 13,165,000 | 12,389,000 | 9,630,000 | 9,265,000 | 8,626,000 | 7,226,000 | 6,631,000 | 5,610,000 | 5,398,000 | 6,224,000 | 4,450,000 | 3,437,000 | 3,245,000 | 3,001,000 |
| total operating expenses | 134,381,000 | 117,884,000 | 123,298,000 | 100,186,000 | 84,101,000 | 76,693,000 | 74,440,000 | 65,369,000 | 57,537,000 | 51,393,000 | 46,154,000 | 41,495,000 | 32,111,000 | 27,120,000 | 24,705,000 | 28,525,000 | 29,675,000 | 24,398,000 | 21,265,000 | 19,428,000 |
| income from operations | 43,282,000 | 43,623,000 | 32,374,000 | 39,814,000 | 42,423,000 | 36,763,000 | 29,576,000 | 15,372,000 | 13,983,000 | 2,813,000 | -180,000 | -17,487,000 | -15,866,000 | -12,807,000 | -18,011,000 | -18,979,000 | -15,363,000 | -13,065,000 | -11,253,000 | -12,159,000 |
| yoy | 2.02% | 18.66% | 9.46% | 159.00% | 203.39% | 1206.90% | -16531.11% | -187.91% | -188.13% | -121.96% | -99.00% | -7.86% | 3.27% | -1.97% | 60.06% | 56.09% | ||||
| qoq | -0.78% | 34.75% | -18.69% | -6.15% | 15.40% | 24.30% | 92.40% | 9.93% | 397.08% | -1662.78% | -98.97% | 10.22% | 23.89% | -28.89% | -5.10% | 23.54% | 17.59% | 16.10% | -7.45% | |
| income from equity method investment | -167,000 | -733,000 | -146,000 | -823,000 | -1,061,000 | 97,000 | -1,464,000 | |||||||||||||
| interest expense | -2,950,000 | -2,509,000 | -810,000 | -636,000 | -969,000 | -316,000 | -304,000 | -297,000 | -301,000 | -165,000 | -318,000 | -312,000 | -315,000 | -314,000 | -306,000 | -277,000 | -198,000 | -251,000 | -250,000 | -245,000 |
| other income | 15,295,000 | 4,699,000 | 1,586,000 | 2,382,000 | 4,261,000 | -1,423,000 | -1,473,000 | -310,000 | -213,000 | -280,000 | 146,000 | -235,000 | 314,000 | 218,000 | 220,000 | 504,000 | 827,000 | 385,000 | 913,000 | 221,000 |
| net income before taxes | 55,460,000 | 45,080,000 | 33,004,000 | 40,737,000 | 44,654,000 | 35,121,000 | 26,335,000 | 14,718,000 | 13,048,000 | 2,026,000 | -352,000 | -23,557,000 | -15,867,000 | -12,903,000 | -18,097,000 | -18,752,000 | -14,734,000 | -12,931,000 | -10,590,000 | -12,792,000 |
| income tax provision | 15,848,000 | 10,094,000 | 4,142,000 | 1,612,000 | 1,089,000 | 118,000 | 774,000 | 197,000 | 106,000 | 78,000 | 73,000 | 44,000 | 7,000 | 29,000 | 21,000 | 23,000 | 11,000 | 26,000 | 18,000 | 7,000 |
| net income | 44,305,000 | 34,986,000 | 28,862,000 | 39,125,000 | 140,911,000 | 35,003,000 | 25,561,000 | 14,521,000 | 12,942,000 | 1,948,000 | -425,000 | -23,601,000 | -15,874,000 | -12,932,000 | -18,118,000 | -18,775,000 | -14,745,000 | -12,957,000 | -10,608,000 | -12,799,000 |
| yoy | -68.56% | -0.05% | 12.91% | 169.44% | 988.79% | 1696.87% | -6114.35% | -161.53% | -181.53% | -115.06% | -97.65% | 25.70% | 7.66% | -0.19% | 70.80% | 46.69% | ||||
| qoq | 26.64% | 21.22% | -26.23% | -72.23% | 302.57% | 36.94% | 76.03% | 12.20% | 564.37% | -558.35% | -98.20% | 48.68% | 22.75% | -28.62% | -3.50% | 27.33% | 13.80% | 22.14% | -17.12% | |
| unrealized gain on available-for-sale securities | 723,000 | 242,000 | -24,000 | 505,000 | -320,000 | -815,000 | 7,000 | 68,000 | -22,000 | -18,000 | 75,000 | |||||||||
| adjustment for net gain realized and included in other income | -5,000 | -21,000 | ||||||||||||||||||
| total comprehensive income | 44,747,000 | 35,228,000 | 28,838,000 | 39,625,000 | 141,656,000 | 34,728,000 | 25,241,000 | 13,706,000 | -22,094,000 | 1,931,000 | ||||||||||
| net income per share | -0.01 | -0.68 | -0.46 | -0.38 | -0.56 | -0.59 | -0.48 | -0.46 | -0.38 | -1.37 | ||||||||||
| basic | 1.2 | 0.95 | 0.79 | 1.07 | 3.92 | 0.97 | 0.71 | 0.41 | -0.63 | 0.06 | ||||||||||
| diluted | 1.15 | 0.92 | 0.76 | 1.03 | 3.71 | 0.92 | 0.68 | 0.39 | -0.63 | 0.05 | ||||||||||
| shares used in computing net income per share | ||||||||||||||||||||
| basic | 75,485 | 36,797,072 | 36,663,327 | 36,427,263 | 93,474 | 36,003,931 | 35,825,947 | 35,587,337 | 35,013,072 | 35,207,276 | ||||||||||
| diluted | 21,970 | 38,196,780 | 38,226,153 | 37,979,448 | 68,483 | 37,948,049 | 37,690,094 | 37,623,477 | 35,013,072 | 37,567,176 | ||||||||||
| unrealized loss on available-for-sale securities | -1,410,000 | -275,000 | ||||||||||||||||||
| share in net income of equity method investment | -47,000 | -421,000 | -342,000 | -5,523,000 | ||||||||||||||||
| other comprehensive income: | ||||||||||||||||||||
| unrealized gain/(loss) on available-for-sale securities | -16,000 | -17,000 | -6,000 | -14,000 | -82,000 | |||||||||||||||
| total other comprehensive income | -16,000 | -17,000 | -35,000 | -21,000 | ||||||||||||||||
| total comprehensive loss | -431,000 | -23,594,000 | -15,865,000 | -12,953,000 | -18,200,000 | -18,707,000 | -14,767,000 | -12,975,000 | -10,533,000 | -12,799,000 | ||||||||||
| net income per share | -0.01 | -0.68 | -0.46 | -0.38 | -0.56 | -0.59 | -0.48 | -0.46 | -0.38 | -1.37 | ||||||||||
| shares used in computing net income per share, basic and diluted | 35,030,036 | 34,797,400 | 456,380 | 34,078,726 | 32,156,476 | 31,644,041 | 2,018,432 | 28,085,821 | 28,002,887 | 9,364,755 |