BCML FY 2019 Earnings Report — BayCom Corp Revenue & Financial Results | Market Cap Arena

BayCom CorpBCML

FY 2019 Earnings

Reported March 16, 2020

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	$86M	—	$64M	—	33.6%
Op. Income	$24M	—	$20M	—	15.6%
Gross Margin	87.2%	—	89.4%	—	-2.2pp
Net Margin	20.2%	—	22.6%	—	-2.4pp
EPS (Diluted)	$1.37	—	$1.50	—	-8.7%
Free Cash Flow	$6M	—	$5M	—	6.4%

Revenue Flow

Item	Amount
REVENUE	$86M
Cost of Revenue	$11M
GROSS PROFIT	$75M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$31M
SG&A Expenses	$32M
Other Expenses	$18M
Operating Expenses	$51M
Cost & Expenses	$62M
OPERATING INCOME	$24M
Interest Income	$76M
Interest Expense	$9M
Other Income/Expenses	$0
INCOME BEFORE TAX	$24M
Income Tax Expense	$6M
Net Income from Continuing Ops	$17M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$17M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$17M
D&A	$3M
EBIT	$24M
EBITDA	$27M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$86M
Cost of Revenue	$11M
GROSS PROFIT	$75M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$31M
SG&A Expenses	$32M
Other Expenses	$18M
Operating Expenses	$51M
Cost & Expenses	$62M
OPERATING INCOME	$24M
Interest Income	$76M
Interest Expense	$9M
Other Income/Expenses	$0
INCOME BEFORE TAX	$24M
Income Tax Expense	$6M
Net Income from Continuing Ops	$17M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$17M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$17M
D&A	$3M
EBIT	$24M
EBITDA	$27M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$17M
Depreciation & Amortization	$3M
Stock-Based Compensation	$1M
Deferred Income Tax	$1M
Other Non-Cash Items	-$19M
Change in Working Capital	$3M
OPERATING CASH FLOW	$7M
Capital Expenditure	-$1M
Acquisitions (Net)	$33M
Purchases of Investments	-$17M
Sales/Maturities of Investments	$29M
Other Investing Activities	-$43M
NET CASH FROM INVESTING	$927.0K
Net Debt Issuance	$0
Common Stock Repurchased	-$11M
Common Dividends Paid	$0
Other Financing Activities	-$25M
NET CASH FROM FINANCING	-$36M
FREE CASH FLOW	$6M
Net Change in Cash	-$28M

Balance Sheet

Item	Amount
Cash & Equivalents	$25M
Short-Term Investments	$120M
Net Receivables	$11M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$158M
PP&E (Net)	$26M
Goodwill	$35M
Intangible Assets	$9M
Long-Term Investments	$1.5B
Tax Assets	$6M
Other Non-Current Assets	$305M
TOTAL NON-CURRENT ASSETS	$1.8B
TOTAL ASSETS	$2.0B
Account Payables	$11M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$1.7B
TOTAL CURRENT LIABILITIES	$1.7B
Long-Term Debt	$8M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$4M
TOTAL NON-CURRENT LIABILITIES	$27M
TOTAL LIABILITIES	$1.7B
Common Stock	$184M
Additional Paid-In Capital	$287.0K
Retained Earnings	$69M
Treasury Stock	$0
Accum. Other Comp. Income	$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$254M
Minority Interest	$0
TOTAL EQUITY	$254M
TOTAL LIABILITIES & EQUITY	$2.0B
Total Debt	$24M
Net Debt	-$1M