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Mastech Digital (Mastech Digital) Net Income : $-7.1 Mil (TTM As of Dec. 2023)


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What is Mastech Digital Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Mastech Digital's Net Income for the three months ended in Dec. 2023 was $-5.4 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was $-7.1 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Mastech Digital's Earnings per Share (Diluted) for the three months ended in Dec. 2023 was $-0.46.


Mastech Digital Net Income Historical Data

The historical data trend for Mastech Digital's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Mastech Digital Net Income Chart

Mastech Digital Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.15 9.86 12.22 8.71 -7.14

Mastech Digital Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.54 0.26 -2.17 0.13 -5.35

Mastech Digital Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Mastech Digital's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-9.031+1.893+0+8.8817841970013E-16
=-7.1

Mastech Digital's Net Income for the quarter that ended in Dec. 2023 is calculated as

Net Income(Q: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-6.886+1.535+0+0
=-5.4

Net Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-7.1 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Mastech Digital  (AMEX:MHH) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Mastech Digital's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Mastech Digital Net Income Related Terms

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Mastech Digital (Mastech Digital) Business Description

Traded in Other Exchanges
Address
1305 Cherrington Parkway, Building 210, Suite 400, Moon Township, PA, USA, 15108
Mastech Digital Inc is a provider of Digital Transformation IT Services. The Company offers data & analytics solutions & IT staffing services for both digital & mainstream technologies. The Group has two segments. Its Data & Analytics Services segment delivers specialized data management, data engineering, customer experience consulting, data analytics & cloud services to customers globally. IT Staffing Services segment combines technical expertise with business process experience to deliver a broad range of services in digital & mainstream technologies. Its digital transformation services also include staffing & project-based services around digital learning. The company derives a majority of its revenue from IT staffing services. Geographically, the majority is from the United States.
Executives
Manoj P Singh 10 percent owner PUTNAM INVESTMENTS, ONE POST OFFICE SQUARE, BOSTON MA 02109
Sunil Wadhwani director, 10 percent owner 1004 MCKEE ROAD, OAKDALE PA 15071
Michael Lee Fleishman officer: See Remarks 1305 CHERRINGTON PKWY, BLDG 210, SUITE 400, MOON TOWNSHIP PA 15108
Vladimir Rak director 345 COURT STREET, CORAOPOLIS PA 15108
Ganeshan Venkateshwaran officer: See Remarks 1305 CHERRINGTON PKWY, BLDG 210, STE 400, MOON TOWNSHIP PA 15108
Paul Philip Burton officer: See Remarks 1305 CHERRINGTON PARKWAY, SUITE 400, MOON TOWNSHIP PA 15109
Brenda C Galilee director C/O HALL KINION & ASSOCIATES INC, 75 ROWLAND WAY, SUITE 200, NOVATO CA 94945
Steven A Shaw 10 percent owner 503 13TH AVENUE EAST, #205, SEATTLE WA 98102
John J. Cronin officer: Chief Financial Officer 1603 BLACKBURN HTS DRIVE, SEWICKLEY PA 15143
Vivek Gupta director, officer: President and CEO C/O MASTECH HOLDINGS, 1305 CHERRINGTON PKWY, BLDG 200, STE 400, MOON TOWNSHIP PA 15108
Gerhard Watzinger director 2821 TARFLOWER WAY, NAPLES FL 34105
John Ausura director 210 CAPE COD WAY, MOORESVILLE NC 28117
Ashok Trivedi director, 10 percent owner 1004 MCKEE ROAD, OAKDALE PA 15071
Scott Adam Aicher officer: See Remarks 2709 PEBBLE BEACH DRIVE, OAKALND MI 48363
Denis D. Deet officer: VP of Technology and CIO C/O MASTECH HOLDINGS, INC., 1305 CHERRINGTON PKWY, BLDG 210, STE 400, MOON TOWNSHIP PA 15108