Recon Technology, Ltd income statement RCON

Annual Quarterly

In Q1 of fiscal 2017, the quarter ended Sep 30, 2016, Recon Technology, Ltd reported revenue of $1.2 million, up 106.8% from the same quarter a year earlier. It recorded a net loss of $818,652. The operating loss came to $822,139, an operating margin of -70.3%.

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

Line	Q1 FY2017 Sep 30, 2016	Q4 FY2016 Jun 30, 2016	Q3 FY2016 Mar 31, 2016	Q2 FY2016 Dec 31, 2015	Q1 FY2016 Sep 30, 2015	Q4 FY2015 Jun 30, 2015	Q3 FY2015 Mar 31, 2015	Q2 FY2015 Dec 31, 2014
Revenue	1 +106.8%	1 -29.4%	1 -78.5%	4 +27.9%	1 -19.1%	1 -65.3%	3 +10.7%	3 -54.1%
Cost of revenue	1 +100.2%	1 -57.0%	0 -80.5%	4 +76.7%	1 -16.2%	2 -2.6%	2 +6.9%	2 -58.7%
Gross profit	0 +159.0%	-0 +86.2%	0 -74.2%	1 -39.3%	0 -36.8%	-1 -206.6%	1 +20.2%	1 -45.9%
Research and development	0 -67.1%	0 -51.1%	0 +113.8%	0 +108.1%	0 +164.4%	0 -56.5%	0 -23.9%	0 -53.5%
Selling, general and administrative	1 -22.3%	0 -90.2%	1 +55.8%	1 +11.4%	1 +60.3%	4 +320.8%	1 +5.0%	1 -10.8%
Operating income	-1 +39.8%	-3 +48.3%	-1 -2033.9%	-1 -229.8%	-1 -89.1%	-6 -585.6%	0 +171.9%	0 -69.9%
Interest income	0 -52.1%	0 -57.2%	0 -41.2%	0 -37.5%	0 -35.3%	0 -20.8%	0 -25.2%	0 -27.2%
Interest expense	0 -54.6%	0 -36.8%	0 -44.5%	0 -18.2%	0 +11.3%	0 +57.2%	0 +23.2%	0 -12.5%
Foreign currency gain (loss)	0 +139.2%	0 +15272.4%	-0 -1198.6%	0 +103.7%	-0 +56.1%	-0 +99.8%	0 -94.2%	-0 +91.2%
Other non-operating income (expense)	0 +130.7%	-0 -77.8%	0 -15.9%	-0 -126.6%	-0 +33.2%	-0 -108.2%	0 +136.1%	0 +559.8%
Other income (expense)	0 +151.5%	-0	0	-0	-0 -156.7%	—	—	—
Pretax income	-1 +41.1%	-3 +49.1%	-1 -387.3%	-1 -150.0%	-1 -107.8%	-6 -824.5%	-0 +2.9%	1 -18.9%
Income tax	-0 -16.6%	-0 +99.5%	0 +839.7%	-0 -230.2%	-0 -152.7%	-0 -371.6%	-0 -221.0%	0 -50.8%
Net income	-1 +41.2%	-3 +38.0%	-1 -497.1%	-0 -144.7%	-1 -105.9%	-5 -822.5%	-0 +20.2%	1 -8.8%
Basic EPS	—	-0.50 +44.6%	-0.26 -420.0%	-0.07 -138.9%	-0.26	-0.90 -715.0%	-0.05 +28.6%	0.18 -21.7%
Diluted EPS	—	-0.50 +44.6%	-0.26 -420.0%	-0.07 -138.9%	-0.26	-0.90 -729.9%	-0.05 +28.6%	0.18 -21.7%
Weighted average shares, basic	—	6 +11.9%	6 +19.9%	6 +17.8%	5	5 +13.2%	5 +6.9%	5 +13.6%
Weighted average shares, diluted	—	6 +11.9%	6 +19.9%	6 +15.5%	5	5 +11.2%	5 +6.9%	5 +14.1%
Other measures
Depreciation and amortization	0 -24.6%	0 +18.9%	0 +131.9%	0 +45.9%	0 +107.3%	0 +15.2%	0 -38.8%	0 -83.5%
EBITDA	-1 +40.3%	-3 +48.6%	-1 -1622.3%	-0 -213.1%	-1 -88.6%	-6 -601.9%	0 +222.4%	0 -71.3%
Interest coverage	-41.39x	-90.84x	-41.52x	-16.68x	-31.25x	-111.01x	1.19x	10.51x
Margins
Gross margin	14.00%	-18.45%	37.45%	19.98%	11.18%	-94.42%	31.21%	42.09%
Operating margin	-70.29%	-412.06%	-181.67%	-11.35%	-241.55%	-563.25%	2.02%	11.19%
Pretax margin	-70.25%	-415.71%	-180.97%	-11.69%	-246.67%	-576.39%	-7.98%	29.91%
Profit margin	-69.99%	-415.38%	-212.10%	-8.73%	-246.21%	-473.40%	-7.63%	24.97%
EBITDA margin	-67.65%	-407.63%	-176.56%	-10.53%	-234.32%	-560.63%	2.49%	11.91%
Effective tax rate	—	—	—	—	—	—	—	9.70%

How these figures are calculated

Quarterly columns are single-quarter amounts. When a 10-Q reports only a year-to-date total, as cash flow statements do, the quarter is that total minus the previous quarter's year-to-date total. The fourth quarter is the annual report's full year minus the first nine months. A column marked YTD is a year-to-date total, shown when the earlier report needed for the single quarter is missing. 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.

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Company profile

Industry: Oil & Gas Field Services, NEC (SIC 1389)
Listed as: RCON (Nasdaq)
Fiscal year ends: June 30
Incorporated in: Cayman Islands
Headquarters: Beijing
SEC filer status: Non-accelerated filer
SEC CIK: 1442620

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