Financial highlights for the third quarter of 2021
Revenue In the third quarter of 2021, they rose by 27.4% to $ 120.9 million, compared to $ 94.9 million in the corresponding quarter last year.
Operating profit In the third quarter of 2021, it rose by 9.2% to about $ 12.0 million, compared with $ 11.0 million in the corresponding quarter last year, despite the fact that the third quarter included all Tishrei holidays in September and summer vacations in August (which resulted in a low working hours of 7.2% Compared to the third quarter of 2020), which resulted in a decrease of about 1.1% (110 basis points) in operating profit.
Operating profit on a base basis Non-GAAP In the third quarter of 2021 it increased by 14% to about $ 16.2 million, compared to a total of $ 14.2 million in the corresponding quarter last year, despite the fact that the third quarter included all Tishrei holidays in September and summer vacations in August. 7.2% compared to the third quarter of 2020), which resulted in a decrease of about 1.1% (110 basis points) in operating profit.
Net income attributable to shareholders In the third quarter of 2021 it rose by 5.8% and amounted to about $ 7.5 million or 15 cents per share in full dilution compared to $ 7.1 million and earnings of 14 cents per share in full dilution in the corresponding quarter last year.
The net profit attributable to Magic shareholders on the basis Non-GAAPIn the third quarter of 2021 it rose by about 24.5% to about $ 11.8 million, or 24 cents per share in full dilution, compared to $ 9.5 million, or 19 cents per share in full dilution, in the corresponding quarter last year.
Financial highlights for the first nine months of 2021
Revenue In the first nine months of 2021 they rose by about 30.3% to about $ 347.3 million, compared to $ 266.6 million in the same period last year.
Operating profit In the first nine months of 2021 it rose by about 24.7% to about $ 37.0 million, compared to $ 29.6 million in the same period last year.
Operating profit based Non-GAAP In the first nine months of 2021 it rose by about 25.9% to about $ 47.1 million, compared to $ 37.4 million last year.
The net profit attributable to Magic shareholders In the first nine months of 2021, it rose about 22.2% to about $ 22.8 million, or 46 cents per fully diluted share, compared to $ 18.7 million, or 38 cents per full diluted share, last year.
The net profit attributable to Magic shareholders on the basis Non-GAAP In the first nine months of 2021 it rose by about 23.9% and amounted to $ 33.4 million, or 68 cents per share in full dilution, compared to $ 26.9 million, or 55 cents per share in full dilution, last year.
Cash flow from operating activities In the first nine months of 2021 it amounted to about $ 34.2 million, compared to $ 41.3 million in the same period last year.
Magic raises its revenue forecast for 2021 and expects annual revenue to be in the range of $ 470 million to $ 475 million, reflecting an annual growth rate of 26.6% -28.0%.