BCML FY 2023 Earnings Report — BayCom Corp Revenue & Financial Results | Market Cap Arena

BayCom CorpBCML

FY 2023 Earnings

Reported March 15, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$133M	—	$111M	—	19.5%
Op. Income	$38M	—	$32M	—	17.6%
Gross Margin	77.1%	—	86.7%	—	-9.6pp
Net Margin	20.6%	—	21.3%	—	-0.7pp
EPS (Diluted)	$2.27	—	$1.81	—	25.4%
Free Cash Flow	$29M	—	$39M	—	-26.0%

Revenue Flow

Item	Amount
REVENUE	$133M
Cost of Revenue	$30M
GROSS PROFIT	$102M
R&D Expenses	$0
Selling & Marketing	$896.0K
General & Administrative	$43M
SG&A Expenses	$44M
Other Expenses	$21M
Operating Expenses	$64M
Cost & Expenses	$95M
OPERATING INCOME	$38M
Interest Income	$125M
Interest Expense	$28M
Other Income/Expenses	$0
INCOME BEFORE TAX	$38M
Income Tax Expense	$11M
Net Income from Continuing Ops	$27M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$27M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$27M
D&A	$3M
EBIT	$38M
EBITDA	$41M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$133M
Cost of Revenue	$30M
GROSS PROFIT	$102M
R&D Expenses	$0
Selling & Marketing	$896.0K
General & Administrative	$43M
SG&A Expenses	$44M
Other Expenses	$21M
Operating Expenses	$64M
Cost & Expenses	$95M
OPERATING INCOME	$38M
Interest Income	$125M
Interest Expense	$28M
Other Income/Expenses	$0
INCOME BEFORE TAX	$38M
Income Tax Expense	$11M
Net Income from Continuing Ops	$27M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$27M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$27M
D&A	$3M
EBIT	$38M
EBITDA	$41M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$27M
Depreciation & Amortization	$3M
Stock-Based Compensation	$726.0K
Deferred Income Tax	$1.0K
Other Non-Cash Items	$5M
Change in Working Capital	-$5M
OPERATING CASH FLOW	$31M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$25M
Sales/Maturities of Investments	$12M
Other Investing Activities	$96M
NET CASH FROM INVESTING	$80M
Net Debt Issuance	$0
Common Stock Repurchased	-$24M
Common Dividends Paid	-$4M
Other Financing Activities	$47M
NET CASH FROM FINANCING	$20M
FREE CASH FLOW	$29M
Net Change in Cash	$131M

Balance Sheet

Item	Amount
Cash & Equivalents	$19M
Short-Term Investments	$6M
Net Receivables	$32M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$59M
PP&E (Net)	$28M
Goodwill	$39M
Intangible Assets	$4M
Long-Term Investments	$2.1B
Tax Assets	$0
Other Non-Current Assets	$337M
TOTAL NON-CURRENT ASSETS	$2.5B
TOTAL ASSETS	$2.6B
Account Payables	$0
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	$19M
TOTAL NON-CURRENT LIABILITIES	$106M
TOTAL LIABILITIES	$2.2B
Common Stock	$181M
Additional Paid-In Capital	$287.0K
Retained Earnings	$146M
Treasury Stock	$0
Accum. Other Comp. Income	-$15M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$313M
Minority Interest	$0
TOTAL EQUITY	$313M
TOTAL LIABILITIES & EQUITY	$2.6B
Total Debt	$87M
Net Debt	$68M