BCML FY 2022 Earnings Report — BayCom Corp Revenue & Financial Results | Market Cap Arena

BayCom CorpBCML

FY 2022 Earnings

Reported March 30, 2023

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	$111M	—	$93M	—	19.9%
Op. Income	$32M	—	$28M	—	13.9%
Gross Margin	86.7%	—	90.0%	—	-3.3pp
Net Margin	21.3%	—	22.3%	—	-1.0pp
EPS (Diluted)	$1.81	—	$1.90	—	-4.7%
Free Cash Flow	$39M	—	$9M	—	325.1%

Revenue Flow

Item	Amount
REVENUE	$111M
Cost of Revenue	$15M
GROSS PROFIT	$96M
R&D Expenses	$0
Selling & Marketing	$955.0K
General & Administrative	$42M
SG&A Expenses	$43M
Other Expenses	$21M
Operating Expenses	$64M
Cost & Expenses	$79M
OPERATING INCOME	$32M
Interest Income	$106M
Interest Expense	$10M
Other Income/Expenses	$0
INCOME BEFORE TAX	$32M
Income Tax Expense	$9M
Net Income from Continuing Ops	$24M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$24M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$24M
D&A	$4M
EBIT	$32M
EBITDA	$36M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$111M
Cost of Revenue	$15M
GROSS PROFIT	$96M
R&D Expenses	$0
Selling & Marketing	$955.0K
General & Administrative	$42M
SG&A Expenses	$43M
Other Expenses	$21M
Operating Expenses	$64M
Cost & Expenses	$79M
OPERATING INCOME	$32M
Interest Income	$106M
Interest Expense	$10M
Other Income/Expenses	$0
INCOME BEFORE TAX	$32M
Income Tax Expense	$9M
Net Income from Continuing Ops	$24M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$24M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$24M
D&A	$4M
EBIT	$32M
EBITDA	$36M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$24M
Depreciation & Amortization	$4M
Stock-Based Compensation	$1M
Deferred Income Tax	-$2M
Other Non-Cash Items	$13M
Change in Working Capital	-$905.0K
OPERATING CASH FLOW	$40M
Capital Expenditure	-$843.0K
Acquisitions (Net)	$18M
Purchases of Investments	-$29M
Sales/Maturities of Investments	$11M
Other Investing Activities	$54M
NET CASH FROM INVESTING	$54M
Net Debt Issuance	$0
Common Stock Repurchased	-$18M
Common Dividends Paid	-$2M
Other Financing Activities	-$276M
NET CASH FROM FINANCING	-$296M
FREE CASH FLOW	$39M
Net Change in Cash	-$203M

Balance Sheet

Item	Amount
Cash & Equivalents	$29M
Short-Term Investments	$154M
Net Receivables	$30M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$215M
PP&E (Net)	$30M
Goodwill	$39M
Intangible Assets	$5M
Long-Term Investments	$2.0B
Tax Assets	$0
Other Non-Current Assets	$196M
TOTAL NON-CURRENT ASSETS	$2.3B
TOTAL ASSETS	$2.5B
Account Payables	$17M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$2.1B
TOTAL CURRENT LIABILITIES	$2.1B
Long-Term Debt	$72M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$5M
TOTAL NON-CURRENT LIABILITIES	$94M
TOTAL LIABILITIES	$2.2B
Common Stock	$204M
Additional Paid-In Capital	$287.0K
Retained Earnings	$124M
Treasury Stock	$0
Accum. Other Comp. Income	-$12M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$317M
Minority Interest	$0
TOTAL EQUITY	$317M
TOTAL LIABILITIES & EQUITY	$2.5B
Total Debt	$89M
Net Debt	$60M