hgtpw: the income statement

MyFinsight

For the quarter ending 2024-09-30, HGTPW made $323,374K in revenue. $3,010K in net income. Net profit margin of 0.93%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement	2024-09-30	2024-06-30
Total revenue	323,374	313,225
Gain related to divestiture	-	87
Depreciation and amortization	9,184	10,014
General and administrative	20,837	21,373
Sales expense	59,141	47,990
Losses and loss adjustment expenses	99,430	64,729
Ceding commissions, net	77,501	73,446
Salaries and benefits	47,192	57,693
Total operating expenses	313,285	275,158
Operating income	10,089	38,067
Gain (loss) related to warrant liabilities, net	-463	-
Interest and other income (expense), net	8,359	12,342
Change in fair value of warrant liabilities	-	1,941
Income before income tax expense	17,985	48,468
Income tax benefit (expense)	-1,022	5,811
Net income	19,007	42,657
Accretion of series a convertible preferred stock	1,875	1,839
Net income attributable to non-controlling interest	14,122	32,279
Net income attributable to class a common stockholders	3,010	8,539

Basic eps	0.03	0.09
Diluted eps	0.03	0.09
Basic average shares	89,691,000	85,687,000
Diluted average shares	89,691,000	85,687,000