XML 10 R4.htm IDEA: XBRL DOCUMENT v3.23.3
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]    
Revenue $ 204,408 $ 156,011
Cost of revenue 170,705 119,095
GROSS PROFIT 33,703 36,916
Operating expenses:    
Research and development 6,533 6,607
Selling, general and administrative 28,612 27,912
Total operating expenses 35,145 34,519
OPERATING INCOME (LOSS) (1,442) 2,397
Equity loss from investment in affiliates 0 93
Other income, net 727 65
INCOME (LOSS) BEFORE INCOME TAX EXPENSE (715) 2,369
Income tax expense 625 2,414
NET LOSS (1,340) (45)
Net income (loss) attributable to non-controlling interests 1,000 (52)
NET INCOME (LOSS) ATTRIBUTABLE TO ICTS INTERNATIONAL N.V. (2,340) 7
BASIC AND DILUTED NET INCOME (LOSS) ATTRIBUTABLE TO ICTS INTERNATIONAL N.V. PER SHARE    
Net income (loss) attributable to ICTS International N.V. $ (2,340) $ 7
Basic weighted average number of shares 37,433,333 37,433,333
Net Income (loss) per share attributable to ICTS International N.V. - basic $ (0.06) $ 0
Diluted weighted average number of shares 37,433,333 40,108,529
Net income (loss) per share attributable to ICTS International N.V. - diluted $ (0.06) $ 0
COMPREHENSIVE LOSS    
Net loss $ (1,340) $ (45)
Other comprehensive income (loss) - translation adjustments 46 (314)
Unrealized loss on derivative instruments (230) (352)
Comprehensive loss (1,524) (711)
Comprehensive income (loss) attributable to non controlling interests 1,413 (38)
COMPREHENSIVE LOSS ATTRUBUTABLE TO ICTS INTERNATIONAL N.V. $ (2,937) $ (673)