AVBH FY 2022 Earnings Report — Avidbank Holdings, Inc. Revenue & Financial Results | Market Cap Arena

Avidbank Holdings, Inc.AVBH

FY 2022 Earnings

Reported December 30, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$75M	—	$53M	—	42.6%
Op. Income	$42M	—	$23M	—	82.2%
Gross Margin	100.0%	—	100.0%	—	0.0pp
Net Margin	33.3%	—	23.2%	—	10.0pp
EPS (Diluted)	$3.60	—	$2.02	—	78.2%
Free Cash Flow	$28M	—	$16M	—	73.5%

Revenue Flow

Item	Amount
REVENUE	$75M
Cost of Revenue	$0
GROSS PROFIT	$75M
R&D Expenses	$0
Selling & Marketing	$373.0K
General & Administrative	$33M
SG&A Expenses	$33M
Other Expenses	$0
Operating Expenses	$33M
Cost & Expenses	$33M
OPERATING INCOME	$42M
Interest Income	$0
Interest Expense	$1M
Other Income/Expenses	-$8M
INCOME BEFORE TAX	$34M
Income Tax Expense	$9M
Net Income from Continuing Ops	$25M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$25M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$25M
D&A	$0
EBIT	$0
EBITDA	$0
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$75M
Cost of Revenue	$0
GROSS PROFIT	$75M
R&D Expenses	$0
Selling & Marketing	$373.0K
General & Administrative	$33M
SG&A Expenses	$33M
Other Expenses	$0
Operating Expenses	$33M
Cost & Expenses	$33M
OPERATING INCOME	$42M
Interest Income	$0
Interest Expense	$1M
Other Income/Expenses	-$8M
INCOME BEFORE TAX	$34M
Income Tax Expense	$9M
Net Income from Continuing Ops	$25M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$25M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$25M
D&A	$0
EBIT	$0
EBITDA	$0
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$25M
Depreciation & Amortization	$2M
Stock-Based Compensation	$2M
Deferred Income Tax	$0
Other Non-Cash Items	$7M
Change in Working Capital	-$8M
OPERATING CASH FLOW	$29M
Capital Expenditure	-$534.0K
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$475M
NET CASH FROM INVESTING	-$476M
Net Debt Issuance	$90M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$89M
NET CASH FROM FINANCING	$950.0K
FREE CASH FLOW	$28M
Net Change in Cash	-$446M

Balance Sheet

Item	Amount
Cash & Equivalents	$0
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$47M
TOTAL CURRENT ASSETS	$47M
PP&E (Net)	$16M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$38M
Other Non-Current Assets	-$54M
TOTAL NON-CURRENT ASSETS	$0
TOTAL ASSETS	$2.1B
Account Payables	$0
Short-Term Debt	$3M
Deferred Revenue	$0
Other Current Liabilities	$1.8B
TOTAL CURRENT LIABILITIES	$1.8B
Long-Term Debt	$152M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$5M
Other Non-Current Liabilities	-$170M
TOTAL NON-CURRENT LIABILITIES	$0
TOTAL LIABILITIES	$2.0B
Common Stock	$102M
Additional Paid-In Capital	$0
Retained Earnings	$94M
Treasury Stock	$0
Accum. Other Comp. Income	-$59M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$138M
Minority Interest	$0
TOTAL EQUITY	$138M
TOTAL LIABILITIES & EQUITY	$2.1B
Total Debt	$168M
Net Debt	$168M