Fullnet Communications Inc income statement FULO

Annual Quarterly

In fiscal 2023, which ended Dec 31, 2023, Fullnet Communications Inc reported revenue of $4.2 million, down 1.8% from the year before. Net income was $532,139, a profit margin of 12.7%. Operating income came to $512,175, an operating margin of 12.2%. Across the 10 fiscal years shown, revenue grew from $1.8 million in fiscal 2014 to $4.2 million in fiscal 2023, about 10.2% a year.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.

Line	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017	FY 2016 Dec 31, 2016	FY 2015 Dec 31, 2015	FY 2014 Dec 31, 2014
Revenue	4 -1.8%	4 +3.2%	4 +18.1%	4 +44.7%	2 +16.9%	2 +9.6%	2 +6.2%	2 -5.3%	2 +7.1%	2 +7.8%
Cost of revenue	—	—	—	—	—	—	—	0 -11.3%	0 -11.2%	0 -9.8%
Gross profit	3 -6.6%	3 -1.0%	3	—	—	—	—	2 -5.0%	2 +8.2%	2 +9.1%
Selling, general and administrative	1 +13.6%	1 +28.8%	0	—	—	—	—	2 +4.4%	1 +7.0%	1 +5.7%
Operating income	1 -38.3%	1 -29.2%	1 +60.7%	1 +264.2%	0 +1457.3%	-0 -118.7%	0 +29.2%	0 +259.6%	-0 +74.8%	-0 +3.8%
Pretax income	1 -26.9%	1 -24.4%	1 +62.8%	1	—	—	—	—	—	—
Income tax	0 -44.6%	0 -23.4%	0 +188.7%	-0	—	—	—	—	—	—
Net income	1 -20.8%	1 -24.7%	1 -16.7%	1 +238.0%	0 +18.8%	0 +1097.1%	-0 -349.6%	-0 +89.0%	-0 +67.8%	-0 -175.1%
Net income to common	0 -23.7%	1 -27.5%	1 -17.2%	1 +329.9%	0 +25.5%	0 +449.6%	-0 -1.2%	-0 +50.8%	-0 +52.8%	-0 -246.2%
Basic EPS	0.02 -33.3%	0.03 -40.0%	0.05	—	0.02	—	—	—	—	-0.03 -250.0%
Diluted EPS	—	—	—	—	0.01	—	—	—	—	-0.03 -400.0%
Weighted average shares, basic	19 +5.8%	18 +10.2%	17 +12.0%	15 +4.5%	14 +15.9%	12 +3.8%	12	—	—	9 +0.0%
Weighted average shares, diluted	20 +4.0%	19 -1.7%	19 +9.6%	18 +4.5%	17 +10.0%	15 +2.7%	15	—	—	9 -22.1%
Other measures
Depreciation and amortization	0 +5.4%	0 +54.1%	0 +13.9%	0 -43.2%	0 -6.2%	0 -5.3%	0 -3.3%	0 -44.1%	0 -18.1%	0 +38.1%
EBITDA	1 -37.5%	1 -28.5%	1 +60.1%	1 +241.7%	0 +10373.5%	0 -97.9%	0 +21.7%	0 +1573.4%	-0 +95.2%	-0 +13.3%
Interest coverage	—	—	—	—	723.79x	—	—	—	—	—
Margins
Gross margin	74.88%	78.74%	82.08%	—	—	—	—	95.61%	95.32%	94.36%
Operating margin	12.22%	19.45%	28.36%	20.85%	8.28%	-0.71%	4.18%	3.43%	-2.04%	-8.66%
Pretax margin	15.74%	21.15%	28.87%	20.94%	—	—	—	—	—	—
Profit margin	12.70%	15.75%	21.59%	30.62%	13.11%	12.90%	-1.42%	-0.33%	-2.88%	-9.56%
EBITDA margin	12.62%	19.82%	28.61%	21.10%	8.93%	0.10%	5.12%	4.47%	-0.29%	-6.38%
Effective tax rate	19.35%	25.54%	25.20%	-46.26%	—	—	—	—	—	—

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. More on our methodology.

New to this? Read How to Read an Income Statement, With a Real Example.

Company profile

Industry: Telephone Communications (No Radiotelephone) (SIC 4813)
Listed as: FULO (OTC)
Fiscal year ends: December 31
Incorporated in: OK
Headquarters: Oklahoma City, OK
SEC filer status: Non-accelerated filer, Smaller reporting company
SEC CIK: 1092570

Other Telephone Communications (No Radiotelephone) companies

Verizon Communications Inc VZ
AT&T Inc. T
America Movil Sab De CV/ AMX
Swisscom AG SCMWY
Telenor ASA TELNY
Bce Inc BCE
Telefonica Brasil S.A. VIV
Perusahaan Perseroan Persero PT Telekomunikasi Indonesia TBK TLK

All 33 Telephone Communications (No Radiotelephone) companies

Source: SEC EDGAR filings. This is company-reported data, not investment advice.