|
NV5 GLOBAL, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF NET INCOME AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED) (in thousands, except share data) | |||||||
| Three Months Ended | |||||||
| March 30, 2024 | April 1, 2023 | ||||||
| Gross revenues | $ | 213,295 | $ | 184,317 | |||
| Direct costs: | |||||||
| Salaries and wages | 56,454 | 48,384 | |||||
| Sub-consultant services | 31,260 | 27,615 | |||||
| Other direct costs | 12,753 | 12,320 | |||||
| Total direct costs | 100,467 | 88,319 | |||||
| Gross profit | 112,828 | 95,998 | |||||
| Operating expenses: | |||||||
| Salaries and wages, payroll taxes, and benefits | 65,434 | 52,672 | |||||
| General and administrative | 22,243 | 17,920 | |||||
| Facilities and facilities related | 5,960 | 5,374 | |||||
| Depreciation and amortization | 14,482 | 11,047 | |||||
| Total operating expenses | 108,119 | 87,013 | |||||
| Income from operations | 4,709 | 8,985 | |||||
| Interest expense | (4,191 | ) | (1,581 | ) | |||
| Income before income tax expense | 518 | 7,404 | |||||
| Income tax expense | (110 | ) | (1,457 | ) | |||
| Net income | $ | 408 | $ | 5,947 | |||
| Earnings per share: | |||||||
| Basic | $ | 0.03 | $ | 0.40 | |||
| Diluted | $ | 0.03 | $ | 0.39 | |||
| Weighted average common shares outstanding: | |||||||
| Basic | 15,267,151 | 14,883,487 | |||||
| Diluted | 15,634,026 | 15,383,437 | |||||
| Comprehensive income (loss): | |||||||
| Net income | $ | 408 | $ | 5,947 | |||
| Foreign currency translation losses, net of tax | (501 | ) | — | ||||
| Comprehensive income (loss) | $ | (93 | ) | $ | 5,947 | ||
