AVBH FY 2019 Earnings Report — Avidbank Holdings, Inc. Revenue & Financial Results | Market Cap Arena

Avidbank Holdings, Inc.AVBH

FY 2019 Earnings

Reported December 31, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$55M	—	$45M	—	20.9%
Op. Income	$18M	—	$15M	—	15.6%
Gross Margin	84.1%	—	86.0%	—	-2.0pp
Net Margin	23.5%	—	24.5%	—	-1.1pp
EPS (Diluted)	$2.17	—	$1.90	—	14.2%
Free Cash Flow	$14M	—	$14M	—	-1.4%

Revenue Flow

Item	Amount
REVENUE	$55M
Cost of Revenue	$9M
GROSS PROFIT	$46M
R&D Expenses	$0
Selling & Marketing	$445.0K
General & Administrative	$21M
SG&A Expenses	$22M
Other Expenses	$6M
Operating Expenses	$28M
Cost & Expenses	$37M
OPERATING INCOME	$18M
Interest Income	$52M
Interest Expense	$7M
Other Income/Expenses	$0
INCOME BEFORE TAX	$18M
Income Tax Expense	$5M
Net Income from Continuing Ops	$13M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$13M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$13M
D&A	$1M
EBIT	$18M
EBITDA	$19M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$55M
Cost of Revenue	$9M
GROSS PROFIT	$46M
R&D Expenses	$0
Selling & Marketing	$445.0K
General & Administrative	$21M
SG&A Expenses	$22M
Other Expenses	$6M
Operating Expenses	$28M
Cost & Expenses	$37M
OPERATING INCOME	$18M
Interest Income	$52M
Interest Expense	$7M
Other Income/Expenses	$0
INCOME BEFORE TAX	$18M
Income Tax Expense	$5M
Net Income from Continuing Ops	$13M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$13M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$13M
D&A	$1M
EBIT	$18M
EBITDA	$19M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$13M
Depreciation & Amortization	$1M
Stock-Based Compensation	$2M
Deferred Income Tax	$2M
Other Non-Cash Items	$3M
Change in Working Capital	-$6M
OPERATING CASH FLOW	$15M
Capital Expenditure	-$739.0K
Acquisitions (Net)	$257.0K
Purchases of Investments	-$257.0K
Sales/Maturities of Investments	$6M
Other Investing Activities	-$81M
NET CASH FROM INVESTING	-$76M
Net Debt Issuance	$10M
Common Stock Repurchased	-$432.0K
Common Dividends Paid	$0
Other Financing Activities	$176M
NET CASH FROM FINANCING	$186M
FREE CASH FLOW	$14M
Net Change in Cash	$125M

Balance Sheet

Item	Amount
Cash & Equivalents	$153M
Short-Term Investments	$52M
Net Receivables	$29M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$234M
PP&E (Net)	$6M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$878M
Tax Assets	$0
Other Non-Current Assets	$15M
TOTAL NON-CURRENT ASSETS	$898M
TOTAL ASSETS	$1.1B
Account Payables	$20M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$973M
TOTAL CURRENT LIABILITIES	$994M
Long-Term Debt	$22M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$22M
TOTAL LIABILITIES	$1.0B
Common Stock	$62M
Additional Paid-In Capital	$7M
Retained Earnings	$47M
Treasury Stock	$0
Accum. Other Comp. Income	$108.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$116M
Minority Interest	$0
TOTAL EQUITY	$116M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$22M
Net Debt	-$131M