AVBH FY 2016 Earnings Report — Avidbank Holdings, Inc. Revenue & Financial Results | Market Cap Arena

Avidbank Holdings, Inc.AVBH

FY 2016 Earnings

Reported December 31, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$29M	—	$25M	—	18.0%
Op. Income	$11M	—	$6M	—	85.1%
Gross Margin	90.5%	—	83.3%	—	7.2pp
Net Margin	24.6%	—	14.7%	—	9.9pp
EPS (Diluted)	$1.56	—	$0.81	—	92.6%
Free Cash Flow	$5M	—	$6M	—	-22.1%

Revenue Flow

Item	Amount
REVENUE	$29M
Cost of Revenue	$3M
GROSS PROFIT	$27M
R&D Expenses	$0
Selling & Marketing	$390.0K
General & Administrative	$12M
SG&A Expenses	$12M
Other Expenses	$4M
Operating Expenses	$16M
Cost & Expenses	$19M
OPERATING INCOME	$11M
Interest Income	$26M
Interest Expense	$2M
Other Income/Expenses	$0
INCOME BEFORE TAX	$11M
Income Tax Expense	$4M
Net Income from Continuing Ops	$7M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$7M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$7M
D&A	$2M
EBIT	$11M
EBITDA	$13M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$29M
Cost of Revenue	$3M
GROSS PROFIT	$27M
R&D Expenses	$0
Selling & Marketing	$390.0K
General & Administrative	$12M
SG&A Expenses	$12M
Other Expenses	$4M
Operating Expenses	$16M
Cost & Expenses	$19M
OPERATING INCOME	$11M
Interest Income	$26M
Interest Expense	$2M
Other Income/Expenses	$0
INCOME BEFORE TAX	$11M
Income Tax Expense	$4M
Net Income from Continuing Ops	$7M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$7M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$7M
D&A	$2M
EBIT	$11M
EBITDA	$13M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$7M
Depreciation & Amortization	$2M
Stock-Based Compensation	$381.0K
Deferred Income Tax	$50.0K
Other Non-Cash Items	-$970.0K
Change in Working Capital	-$3M
OPERATING CASH FLOW	$5M
Capital Expenditure	-$102.0K
Acquisitions (Net)	$0
Purchases of Investments	-$53M
Sales/Maturities of Investments	$30M
Other Investing Activities	-$109M
NET CASH FROM INVESTING	-$132M
Net Debt Issuance	$0
Common Stock Repurchased	-$1M
Common Dividends Paid	$0
Other Financing Activities	$38M
NET CASH FROM FINANCING	$37M
FREE CASH FLOW	$5M
Net Change in Cash	-$90M

Balance Sheet

Item	Amount
Cash & Equivalents	$20M
Short-Term Investments	$90M
Net Receivables	$13M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$123M
PP&E (Net)	$600.0K
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$509M
Tax Assets	$0
Other Non-Current Assets	$15M
TOTAL NON-CURRENT ASSETS	$524M
TOTAL ASSETS	$647M
Account Payables	$3M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$568M
TOTAL CURRENT LIABILITIES	$571M
Long-Term Debt	$12M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$12M
TOTAL LIABILITIES	$583M
Common Stock	$42M
Additional Paid-In Capital	$5M
Retained Earnings	$17M
Treasury Stock	$0
Accum. Other Comp. Income	-$937.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$64M
Minority Interest	$0
TOTAL EQUITY	$64M
TOTAL LIABILITIES & EQUITY	$647M
Total Debt	$12M
Net Debt	-$9M