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Ubiquiti Inc.
Condensed Consolidated Statements of Operations
and Comprehensive Income
(In thousands, except per share data) (Unaudited) | | | | |
| | | Three Months Ended June 30, | | Twelve Months Ended June 30, |
| | 2024 | | 2023 | | 2024(1) | | 2023(1) |
| Revenues | | $ | 507,461 | | | $ | 491,085 | | | $ | 1,928,490 | | | $ | 1,940,512 | |
| Cost of revenues | | 303,320 | | | 287,758 | | | 1,188,728 | | | 1,179,781 | |
| Gross profit | | 204,141 | | | 203,327 | | | $ | 739,762 | | | $ | 760,731 | |
| Operating expenses: | | | | | | | | |
| Research and development | | 44,076 | | | 40,539 | | | 159,768 | | | 145,172 | |
| Sales, general and administrative | | 21,695 | | | 18,913 | | | 80,997 | | | 70,993 | |
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| Total operating expenses | | 65,771 | | | 59,452 | | | 240,765 | | | 216,165 | |
| Income from operations | | 138,370 | | | 143,875 | | | 498,997 | | | 544,566 | |
| Interest expense and other, net | | 16,813 | | | 19,803 | | | 75,169 | | | 58,224 | |
| Income before income taxes | | 121,557 | | | 124,072 | | | 423,828 | | | 486,342 | |
| Provision for income taxes | | 17,753 | | | 20,395 | | | 73,868 | | | 78,701 | |
| Net income | | $ | 103,804 | | | $ | 103,677 | | | $ | 349,960 | | | $ | 407,641 | |
| Net income per share of common stock: | | | | | | | | |
| Basic | | $ | 1.72 | | | $ | 1.72 | | | $ | 5.79 | | | $ | 6.75 | |
| Diluted | | $ | 1.72 | | | $ | 1.72 | | | $ | 5.79 | | | $ | 6.74 | |
| Weighted average shares used in computing net income per share of common stock: | | | | | | | | |
| Basic | | 60,462 | | | 60,442 | | | 60,454 | | | 60,435 | |
| Diluted | | 60,466 | | | 60,449 | | | 60,458 | | | 60,451 | |
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