INCOME STATEMENT - ALL NUMBERS IN THOUSANDS
Revenue	12/31/17	12/31/16
Total Revenue	177,866,000	135,987,000
Cost of Revenue	111,934,000	88,265,000
Gross Profit	65,932,000	47,722,000
Operating Expenses
Research Development	22,620,000	16,085,000
Selling General and Administrative	38,992,000	27,284,000
Non Recurring	-	-
Others	214,000	167,000
Total Operating Expenses	173,760,000	131,801,000
Operating Income or Loss	4,106,000	4,186,000
Income from Continuing Operations
Total Other Income/Expenses Net	-304,000	-390,000
Earnings Before Interest and Taxes	4,106,000	4,186,000
Interest Expense	-848,000	-484,000
Income Before Tax	3,802,000	3,796,000
Income Tax Expense	769,000	1,425,000
Minority Interest	-	-
Net Income From Continuing Ops	3,033,000	2,371,000
Non-recurring Events
Discontinued Operations	-	-
Extraordinary Items	-	-
Effect Of Accounting Changes	-	-
Other Items	-	-
Net Income
Net Income	3,033,000	2,371,000
Preferred Stock And Other Adjustments	-	-
Net Income Applicable To Common Shares	3,033,000	2,371,000

A. Include the vertical AND horizontal AND ratio analysis for the company, draw conclusions from the analysis