FalconStor Software (FalconStor Software) EBIT : $-0.25 Mil (TTM As of Jun. 2023)

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What is FalconStor Software EBIT?

FalconStor Software's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2023 was $-0.19 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was $-0.25 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. FalconStor Software's annualized ROC % for the quarter that ended in Jun. 2023 was -11.47%. FalconStor Software's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -934.16%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. FalconStor Software's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -1.63%.

FalconStor Software EBIT Historical Data

The historical data trend for FalconStor Software's EBIT 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.

FalconStor Software EBIT Chart

FalconStor Software Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-0.66

1.82

1.14

-1.26

1.42

FalconStor Software Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															0.38	-0.02	-0.42	-0.19	-

Competitive Comparison of FalconStor Software's EBIT

For the Software - Application subindustry, FalconStor Software's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

FalconStor Software's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, FalconStor Software's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where FalconStor Software's EV-to-EBIT falls into.

FalconStor Software EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.25 Mil.

FalconStor Software (OTCPK:FALC) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

FalconStor Software's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	-0.752 * ( 1 - -25.9% )	/	( (8.314	+	8.196)	/ 2 )
=	-0.946768	/	8.255
=	-11.47 %

where

	Invested Capital		(Q: Mar. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	9.517	-	1.657	-	( 1.839	-	max(0, 5.365	-	4.911	+	1.839	))
=	8.314

	Invested Capital		(Q: Jun. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	9.218	-	1.796	-	( 1.286	-	max(0, 5.158	-	4.384	+	1.286	))
=	8.196

Note: The Operating Income data used here is four times the quarterly (Jun. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

FalconStor Software's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.752	/	( ( (0.095 + max(-2.422, 0))	+	(0.066 + max(-2.354, 0)) )	/	2 )
=	-0.752	/	( ( 0.095	+	0.066 )	/	2 )
=	-0.752	/	0.0805
=	-934.16 %

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.79	+	0	+	1.034)	-	(1.657	+	3.59	+	-0.00099999999999945)
=	-2.422

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.919	+	0	+	0.86)	-	(1.796	+	3.337	+	0)
=	-2.354

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

FalconStor Software's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	-0.245	/	15.009
	=	-1.63 %

FalconStor Software EBIT Related Terms

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FalconStor Software (FalconStor Software) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » FalconStor Software Inc (OTCPK:FALC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

501 Congress Avenue, Suite 150, Austin, TX, USA, 78701

Website

https://www.falconstor.com

FalconStor Software Inc operates in the trusted data protection software industry. The company enables enterprise customers and managed service providers to secure, migrate, and protect their data while reducing data storage and long-term retention costs. The products are offered through and supported by a worldwide network of managed service providers, systems integrators, resellers, and original equipment manufacturers. It's software products create investment protection, flexibility, and leverage of modern cloud-based technologies, through software-defined functionality that provides backup and long-term retention, and business continuity driven data replication. The company's geographical markets are the Americas, Asia Pacific, Europe, Middle East, Africa and Others.

Executives

Robert Todd Brooks	officer: Chief Executive Officer	C/O NOVATION COMPANIES, INC., 2 HUNTINGTON QUADRANGLE, SUITE 2S01, MELVILLE NY 11747
Vincent Sita	officer: Chief Financial Officer	C/O FALCONSTOR SOFTWARE, INC., 701 BRAZOS STREET, SUITE 400, AUSTIN TX 78701
Michael P Kelly	director
Brad Wolfe	officer: Chief Financial Officer	C/O FALCONSTOR SOFTWARE, INC., 701 BRAZOS STREET, SUITE 400, AUSTIN TX 78701
Hcp-fva, Llc	director, 10 percent owner	17 STATE STREET, SUITE 3230, NEW YORK NY 10004
Esw Capital, Llc	10 percent owner	401 CONGRESS AVENUE, SUITE 2650, AUSTIN TX 78701
Joseph Liemandt	10 percent owner	5001 PLAZA ON THE LAKE, AUSTIN TX 78746
Patrick Mcclain	officer: EVP, CFO & Treasurer	C/O FALCONSTOR SOFTWARE, INC., 2 HUNTINGTON QUADRANGLE, SUITE 2S01, MELVILLE NY 11747
Todd Oseth	officer: CEO & President	C/O MCDATA CORPORATION, 380 INTERLOCKEN CRESCENT, BROOMFIELD CO 80021
William D Miller	director
Barry Rudolph	director	1351 S SUNSET STREET, LONGMONT CO 80501
Daniel Murale	officer: VP of Finance & Interim CFO	C/O FALCONSTOR SOFTWARE, INC., 2 HUNTINGTON QUADRANGLE, SUITE 2S01, MELVILLE NY 11747
Gary Quinn	officer: COO and EVP	C/O COMPUTER ASSOCIATES INTER INC, ONE COMPUTER ASSOC PLAZA, ISLANDIA NY 11749
Alan Komet	officer: EVP Worldwide Field Operations	2 HUNTINGTON QUADRANGLE, MELVILLE NY 11747
Hale Martin M Jr	director, 10 percent owner