SAPIENS INTERNATIONAL CORP N VSPNS

Market cap

P/E ratio

	Dec 31, 2011	Dec 31, 2013	Dec 31, 2014	Dec 31, 2015	Dec 31, 2016	Dec 31, 2017	Dec 31, 2018	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022
Revenues	70	135	157	186	216	269	290	326	383	461	475
Cost of revenues	40	85	99	111	130	176	180	196	227	273	275
Gross profit	30	50	58	74	86	94	110	130	156	188	200
Research and development	5	12	11	10	16	32	34	37	41	54	59
Selling, marketing, general and administrative	18	27	32	40	44	61	52	54	70	76	75
Total operating expenses	24	39	43	50	61	93	87	92	111	130	134
Operating income	6	12	15	24	25	1	23	38	45	57	66
Financial expense, net	0	1	0	0	1	-3	-4	-3	-4	-0	-1
Income before taxes on income	6	12	15	25	25	-2	19	35	41	57	66
Taxes on income	-0	1	0	4	6	-3	5	9	7	10	13
Net income	6	12	15	20	20	1	14	26	34	47	53
Net income attributed to non-controlling interests	-	-	-	-	-	-	-	-	0	0	0
Net income attributable to Sapiens’ shareholders	6	12	15	20	20	1	14	26	34	47	53
Basic earnings per share (in Dollars per share)	0.21	0.29	-	-	0.4	0.01	0.28	0.53	0.67	0.86	0.95
Diluted earnings per share (in Dollars per share)	0.19	0.27	-	-	0.4	0.01	0.28	0.52	0.65	0.85	0.95