CONSOLIDATED STATEMENTS OF NET INCOME AND COMPREHENSIVE INCOME
(UNAUDITED)
(in thousands, except share data)

	Three Months Ended								Twelve Months Ended
	December 31, 2022				January 1, 2022				December 31, 2022				January 1, 2022
Gross revenues	$	189,818			$	188,555			$	786,778			$	706,706
Direct costs:
Salaries and wages		44,830				43,417				186,806				175,047
Sub-consultant services		37,084				35,995				153,641				124,998
Other direct costs		14,931				11,633				60,357				47,347
Total direct costs		96,845				91,045				400,804				347,392
Gross profit		92,973				97,510				385,974				359,314
Operating expenses:
Salaries and wages, payroll taxes, and benefits		46,769				45,077				193,488				176,838
General and administrative		18,501				16,095				66,114				53,986
Facilities and facilities related		5,431				4,863				21,252				20,193
Depreciation and amortization		9,565				10,189				38,938				39,953
Total operating expenses		80,266				76,224				319,792				290,970
Income from operations		12,707				21,286				66,182				68,344
Interest expense		(1,005	)			(878	)			(3,808	)			(6,239	)
Income before income tax expense		11,702				20,408				62,374				62,105
Income tax expense		(3,702	)			(4,953	)			(12,401	)			(14,958	)
Net income and comprehensive income	$	8,000			$	15,455			$	49,973			$	47,147
Earnings per share:
Basic	$	0.54			$	1.05			$	3.39			$	3.34
Diluted	$	0.52			$	1.02			$	3.27			$	3.22
Weighted average common shares outstanding:
Basic		14,816,773				14,651,218				14,753,738				14,135,333
Diluted		15,320,123				15,159,314				15,260,186				14,656,381

NV5 GLOBAL, INC. AND SUBSIDIARIES