AVBC FY 2023 Earnings Report — Avidia Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Avidia Bancorp, Inc.AVBC

FY 2023 Earnings

Reported December 31, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$125M	—	$89M	—	40.3%
Op. Income	$17M	—	$89M	—	-81.4%
Gross Margin	66.5%	—	100.0%	—	-33.5pp
Net Margin	10.0%	—	10.1%	—	-0.1pp
EPS (Diluted)	$0.62	—	$0.00	—	Infinity%
Free Cash Flow	$12M	—	$0	—	—

Revenue Flow

Item	Amount
REVENUE	$125M
Cost of Revenue	$42M
GROSS PROFIT	$83M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$47M
SG&A Expenses	$50M
Other Expenses	$17M
Operating Expenses	$66M
Cost & Expenses	$108M
OPERATING INCOME	$17M
Interest Income	$111M
Interest Expense	$40M
Other Income/Expenses	$0
INCOME BEFORE TAX	$17M
Income Tax Expense	$4M
Net Income from Continuing Ops	$12M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$12M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$12M
D&A	$3M
EBIT	$17M
EBITDA	$20M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$125M
Cost of Revenue	$42M
GROSS PROFIT	$83M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$47M
SG&A Expenses	$50M
Other Expenses	$17M
Operating Expenses	$66M
Cost & Expenses	$108M
OPERATING INCOME	$17M
Interest Income	$111M
Interest Expense	$40M
Other Income/Expenses	$0
INCOME BEFORE TAX	$17M
Income Tax Expense	$4M
Net Income from Continuing Ops	$12M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$12M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$12M
D&A	$3M
EBIT	$17M
EBITDA	$20M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$12M
Depreciation & Amortization	$3M
Stock-Based Compensation	$0
Deferred Income Tax	$338.0K
Other Non-Cash Items	-$693.0K
Change in Working Capital	$480.0K
OPERATING CASH FLOW	$16M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$33M
Sales/Maturities of Investments	$121M
Other Investing Activities	-$197M
NET CASH FROM INVESTING	-$112M
Net Debt Issuance	$105M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$16M
NET CASH FROM FINANCING	$89M
FREE CASH FLOW	$12M
Net Change in Cash	-$8M

Balance Sheet

Item	Amount
Cash & Equivalents	$70M
Short-Term Investments	$248M
Net Receivables	$9M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$327M
PP&E (Net)	$28M
Goodwill	$12M
Intangible Assets	$3M
Long-Term Investments	$2.1B
Tax Assets	$14M
Other Non-Current Assets	$73M
TOTAL NON-CURRENT ASSETS	$2.3B
TOTAL ASSETS	$2.6B
Account Payables	$0
Short-Term Debt	$246M
Deferred Revenue	$0
Other Current Liabilities	$2.0B
TOTAL CURRENT LIABILITIES	$2.2B
Long-Term Debt	$183M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$38M
TOTAL NON-CURRENT LIABILITIES	$221M
TOTAL LIABILITIES	$2.4B
Common Stock	$0
Additional Paid-In Capital	$0
Retained Earnings	$204M
Treasury Stock	$0
Accum. Other Comp. Income	-$23M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$181M
Minority Interest	$0
TOTAL EQUITY	$181M
TOTAL LIABILITIES & EQUITY	$2.6B
Total Debt	$429M
Net Debt	$358M