XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.1
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]      
Revenue $ 324,934 $ 248,419 $ 333,307
Cost of revenue 209,771 196,569 290,461
GROSS PROFIT 115,163 51,850 42,846
Operating expenses:      
Research and development 12,114 6,541 5,060
Selling, general and administrative 50,882 37,239 33,063
Goodwill impairment 139 0 0
Total operating expenses 63,135 43,780 38,123
OPERATING INCOME 52,028 8,070 4,723
Equity income (loss) from investment in affiliates (983) (790) 91
Other expenses, net (537) (1,288) (10,518)
INCOME (LOSS) BEFORE INCOME TAX EXPENSES 50,508 5,992 (5,704)
Income tax expenses 9,220 590 1,549
NET INCOME (LOSS) 41,288 5,402 (7,253)
Net income attributable to non-controlling interests 6,481 999 789
NET INCOME (LOSS) ATTRIBUTABLE TO ICTS INTERNATIONAL N.V. 34,807 4,403 (8,042)
BASIC AND DILUTED NET INCOME (LOSS) ATTRIBUTABLE TO ICTS INTERNATIONAL N.V. PER SHARE      
Net income (loss) attributable to ICTS International N.V. 34,807 4,403 (8,042)
Less deemed dividend attributable to redeemable non-controlling interests 10,102 0 (0)
Net income (loss) available to ICTS International N.V. shareholders $ 24,705 $ 4,403 $ (8,042)
Basic weighted average number of shares 37,433,333 35,827,854 30,524,461
Net income (loss) per share attributable to ICTS International N.V. - basic $ 0.66 $ 0.12 $ (0.26)
Diluted weighted average number of shares 40,237,340 38,424,718 30,524,461
Net income (loss) per share attributable to ICTS International N.V. - diluted $ 0.61 $ 0.11 $ (0.26)
COMPREHENSIVE INCOME (LOSS)      
Net income (loss) $ 41,288 $ 5,402 $ (7,253)
Other Comprehensive Income (loss) - Translation adjustments (1,861) 20 79
Unrealized gains on derivative instruments 32    
Comprehensive income (loss) 39,459 5,422 (7,174)
Comprehensive income attributable to non-controlling interests 6,259 1,106 795
COMREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO ICTS INTERNATIONAL N.V. $ 33,200 $ 4,316 $ (7,969)