BCML FY 2020 Earnings Report — BayCom Corp Revenue & Financial Results | Market Cap Arena

BayCom CorpBCML

FY 2020 Earnings

Reported March 22, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$96M	—	$86M	—	11.8%
Op. Income	$18M	—	$24M	—	-23.1%
Gross Margin	79.9%	—	87.2%	—	-7.3pp
Net Margin	14.4%	—	20.2%	—	-5.9pp
EPS (Diluted)	$1.15	—	$1.37	—	-16.1%
Free Cash Flow	$7M	—	$6M	—	22.0%

Revenue Flow

Item	Amount
REVENUE	$96M
Cost of Revenue	$19M
GROSS PROFIT	$76M
R&D Expenses	$0
Selling & Marketing	$731.0K
General & Administrative	$35M
SG&A Expenses	$36M
Other Expenses	$23M
Operating Expenses	$58M
Cost & Expenses	$77M
OPERATING INCOME	$18M
Interest Income	$86M
Interest Expense	$9M
Other Income/Expenses	$0
INCOME BEFORE TAX	$18M
Income Tax Expense	$5M
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	$4M
EBIT	$18M
EBITDA	$22M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$96M
Cost of Revenue	$19M
GROSS PROFIT	$76M
R&D Expenses	$0
Selling & Marketing	$731.0K
General & Administrative	$35M
SG&A Expenses	$36M
Other Expenses	$23M
Operating Expenses	$58M
Cost & Expenses	$77M
OPERATING INCOME	$18M
Interest Income	$86M
Interest Expense	$9M
Other Income/Expenses	$0
INCOME BEFORE TAX	$18M
Income Tax Expense	$5M
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	$4M
EBIT	$18M
EBITDA	$22M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$14M
Depreciation & Amortization	$4M
Stock-Based Compensation	$1M
Deferred Income Tax	-$3M
Other Non-Cash Items	-$5M
Change in Working Capital	-$2M
OPERATING CASH FLOW	$10M
Capital Expenditure	-$3M
Acquisitions (Net)	-$8M
Purchases of Investments	-$21M
Sales/Maturities of Investments	$31M
Other Investing Activities	-$72M
NET CASH FROM INVESTING	-$74M
Net Debt Issuance	$67M
Common Stock Repurchased	-$18M
Common Dividends Paid	$0
Other Financing Activities	$19M
NET CASH FROM FINANCING	$68M
FREE CASH FLOW	$7M
Net Change in Cash	$4M

Balance Sheet

Item	Amount
Cash & Equivalents	$37M
Short-Term Investments	$116M
Net Receivables	$16M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$170M
PP&E (Net)	$27M
Goodwill	$39M
Intangible Assets	$8M
Long-Term Investments	$1.6B
Tax Assets	$0
Other Non-Current Assets	$312M
TOTAL NON-CURRENT ASSETS	$2.0B
TOTAL ASSETS	$2.2B
Account Payables	$12M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$1.8B
TOTAL CURRENT LIABILITIES	$1.9B
Long-Term Debt	$77M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$4M
TOTAL NON-CURRENT LIABILITIES	$93M
TOTAL LIABILITIES	$1.9B
Common Stock	$167M
Additional Paid-In Capital	$287.0K
Retained Earnings	$82M
Treasury Stock	$0
Accum. Other Comp. Income	$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$253M
Minority Interest	$0
TOTAL EQUITY	$253M
TOTAL LIABILITIES & EQUITY	$2.2B
Total Debt	$89M
Net Debt	$52M