NSATF Financials 07/16/2014 13:42:13 Norsat Inter
Post# of 4
Norsat International Inc.
Period Ending Dec 31, 2013 Dec 31, 2012 Dec 31, 2011 Dec 31, 2010
Total Revenue 36,418 42,429 37,792 19,818
Cost of Revenue 22,594 24,269 21,435 10,353
Gross Profit 13,823 18,160 16,357 9,464
Operating Expenses
Research and Development 3,513 3,420 3,001 1,950
Sales, General and Admin. 7,906 11,263 11,103 5,116
Non-Recurring Items - - - -
Other - - - -
Operating Income 2,404 3,477 2,252 2,398
Income From Continuing Operations
Add'l Income/Expense Items 901 (304) 100 (181)
Earnings Before Interest and Tax 3,306 3,173 2,352 2,217
Interest Expense 330 620 592 58
Earnings Before Tax 2,976 2,553 1,761 2,159
Income Tax (731) (2,501) 1,290 (85)
Minority Interest - - - -
Equity Earnings Unconsolidated Subsidiary - - - -
Net Income Cont. Operations 3,707 5,054 471 2,244
Non Recurring Events
Discontinued Operations - 81 (60) (104)
Extraordinary Items - - - -
Effect of Accounting Changes - - - -
Other Items - - - -
Net Income 3,707 5,135 411 2,140
Preferred Stock and Other Adjustments - - - -
Net Income Applicable to Common Shareholders 3,707 5,135 411 2,140