BCML FY 2018 Earnings Report — BayCom Corp Revenue & Financial Results | Market Cap Arena

BayCom CorpBCML

FY 2018 Earnings

Reported March 19, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$64M	—	$49M	—	31.1%
Op. Income	$20M	—	$14M	—	44.8%
Gross Margin	89.4%	—	90.2%	—	-0.8pp
Net Margin	22.6%	—	10.8%	—	11.9pp
EPS (Diluted)	$1.50	—	$0.81	—	85.2%
Free Cash Flow	$5M	—	$9M	—	-41.7%

Revenue Flow

Item	Amount
REVENUE	$64M
Cost of Revenue	$7M
GROSS PROFIT	$57M
R&D Expenses	$0
Selling & Marketing	$979.0K
General & Administrative	$23M
SG&A Expenses	$24M
Other Expenses	$12M
Operating Expenses	$37M
Cost & Expenses	$44M
OPERATING INCOME	$20M
Interest Income	$56M
Interest Expense	$5M
Other Income/Expenses	$0
INCOME BEFORE TAX	$20M
Income Tax Expense	$6M
Net Income from Continuing Ops	$14M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$14M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$14M
D&A	$2M
EBIT	$20M
EBITDA	$23M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$64M
Cost of Revenue	$7M
GROSS PROFIT	$57M
R&D Expenses	$0
Selling & Marketing	$979.0K
General & Administrative	$23M
SG&A Expenses	$24M
Other Expenses	$12M
Operating Expenses	$37M
Cost & Expenses	$44M
OPERATING INCOME	$20M
Interest Income	$56M
Interest Expense	$5M
Other Income/Expenses	$0
INCOME BEFORE TAX	$20M
Income Tax Expense	$6M
Net Income from Continuing Ops	$14M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$14M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$14M
D&A	$2M
EBIT	$20M
EBITDA	$23M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$14M
Depreciation & Amortization	$2M
Stock-Based Compensation	$1M
Deferred Income Tax	$740.0K
Other Non-Cash Items	-$11M
Change in Working Capital	-$1M
OPERATING CASH FLOW	$6M
Capital Expenditure	-$1M
Acquisitions (Net)	-$13M
Purchases of Investments	-$41M
Sales/Maturities of Investments	$39M
Other Investing Activities	$5M
NET CASH FROM INVESTING	-$11M
Net Debt Issuance	-$6M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$18M
NET CASH FROM FINANCING	$79M
FREE CASH FLOW	$5M
Net Change in Cash	$74M

Balance Sheet

Item	Amount
Cash & Equivalents	$25M
Short-Term Investments	$100M
Net Receivables	$4M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$130M
PP&E (Net)	$11M
Goodwill	$15M
Intangible Assets	$7M
Long-Term Investments	$973M
Tax Assets	$6M
Other Non-Current Assets	$336M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$1.5B
Account Payables	$8M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$1.3B
TOTAL CURRENT LIABILITIES	$1.3B
Long-Term Debt	$8M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$3M
TOTAL NON-CURRENT LIABILITIES	$11M
TOTAL LIABILITIES	$1.3B
Common Stock	$150M
Additional Paid-In Capital	$287.0K
Retained Earnings	$51M
Treasury Stock	$0
Accum. Other Comp. Income	-$103.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$201M
Minority Interest	$0
TOTAL EQUITY	$201M
TOTAL LIABILITIES & EQUITY	$1.5B
Total Debt	$8M
Net Debt	-$17M