BOTJ FY 2022 Earnings Report — Bank of the James Financial Group, Inc. Revenue & Financial Results | Market Cap Arena

Bank of the James Financial Group, Inc.BOTJ

FY 2022 Earnings

Reported March 31, 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	$44M	—	$39M	—	12.4%
Op. Income	$11M	—	$9M	—	17.6%
Gross Margin	97.2%	—	95.9%	—	1.2pp
Net Margin	20.3%	—	19.3%	—	1.0pp
EPS (Diluted)	$1.91	—	$1.60	—	19.4%
Free Cash Flow	$8M	—	$13M	—	-39.6%

Revenue Flow

Item	Amount
REVENUE	$44M
Cost of Revenue	$1M
GROSS PROFIT	$43M
R&D Expenses	$0
Selling & Marketing	$920.0K
General & Administrative	$19M
SG&A Expenses	$20M
Other Expenses	$12M
Operating Expenses	$32M
Cost & Expenses	$33M
OPERATING INCOME	$11M
Interest Income	$32M
Interest Expense	$2M
Other Income/Expenses	$0
INCOME BEFORE TAX	$11M
Income Tax Expense	$2M
Net Income from Continuing Ops	$9M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$9M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$9M
D&A	$3M
EBIT	$11M
EBITDA	$14M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$44M
Cost of Revenue	$1M
GROSS PROFIT	$43M
R&D Expenses	$0
Selling & Marketing	$920.0K
General & Administrative	$19M
SG&A Expenses	$20M
Other Expenses	$12M
Operating Expenses	$32M
Cost & Expenses	$33M
OPERATING INCOME	$11M
Interest Income	$32M
Interest Expense	$2M
Other Income/Expenses	$0
INCOME BEFORE TAX	$11M
Income Tax Expense	$2M
Net Income from Continuing Ops	$9M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$9M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$9M
D&A	$3M
EBIT	$11M
EBITDA	$14M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$9M
Depreciation & Amortization	$3M
Stock-Based Compensation	$0
Deferred Income Tax	-$10.0K
Other Non-Cash Items	-$1M
Change in Working Capital	-$797.0K
OPERATING CASH FLOW	$9M
Capital Expenditure	-$1M
Acquisitions (Net)	-$818.0K
Purchases of Investments	-$77M
Sales/Maturities of Investments	$19M
Other Investing Activities	-$28M
NET CASH FROM INVESTING	-$88M
Net Debt Issuance	-$889.0K
Common Stock Repurchased	-$1M
Common Dividends Paid	-$1M
Other Financing Activities	-$39M
NET CASH FROM FINANCING	-$43M
FREE CASH FLOW	$8M
Net Change in Cash	-$121M

Balance Sheet

Item	Amount
Cash & Equivalents	$30M
Short-Term Investments	$186M
Net Receivables	$3M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$219M
PP&E (Net)	$18M
Goodwill	$2M
Intangible Assets	$8M
Long-Term Investments	$611M
Tax Assets	$0
Other Non-Current Assets	$71M
TOTAL NON-CURRENT ASSETS	$710M
TOTAL ASSETS	$929M
Account Payables	$89.0K
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$848M
TOTAL CURRENT LIABILITIES	$848M
Long-Term Debt	$20M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$10M
TOTAL NON-CURRENT LIABILITIES	$30M
TOTAL LIABILITIES	$878M
Common Stock	$10M
Additional Paid-In Capital	$36M
Retained Earnings	$31M
Treasury Stock	$0
Accum. Other Comp. Income	-$27M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$50M
Minority Interest	$0
TOTAL EQUITY	$50M
TOTAL LIABILITIES & EQUITY	$929M
Total Debt	$20M
Net Debt	-$10M