ESQ FY 2021 Earnings Report — Esquire Financial Holdings, Inc. Revenue & Financial Results | Market Cap Arena

Esquire Financial Holdings, Inc.ESQ

FY 2021 Earnings

Reported March 11, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$66M	—	$53M	—	23.0%
Op. Income	$23M	—	$17M	—	32.3%
Gross Margin	88.1%	—	86.0%	—	2.1pp
Net Margin	27.3%	—	23.7%	—	3.7pp
EPS (Diluted)	$2.26	—	$1.65	—	37.0%
Free Cash Flow	$27M	—	$12M	—	117.9%

Revenue Flow

Item	Amount
REVENUE	$66M
Cost of Revenue	$8M
GROSS PROFIT	$58M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$22M
SG&A Expenses	$23M
Other Expenses	$12M
Operating Expenses	$35M
Cost & Expenses	$43M
OPERATING INCOME	$23M
Interest Income	$45M
Interest Expense	$828.0K
Other Income/Expenses	$0
INCOME BEFORE TAX	$23M
Income Tax Expense	$5M
Net Income from Continuing Ops	$18M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$18M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$18M
D&A	$2M
EBIT	$23M
EBITDA	$25M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$66M
Cost of Revenue	$8M
GROSS PROFIT	$58M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$22M
SG&A Expenses	$23M
Other Expenses	$12M
Operating Expenses	$35M
Cost & Expenses	$43M
OPERATING INCOME	$23M
Interest Income	$45M
Interest Expense	$828.0K
Other Income/Expenses	$0
INCOME BEFORE TAX	$23M
Income Tax Expense	$5M
Net Income from Continuing Ops	$18M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$18M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$18M
D&A	$2M
EBIT	$23M
EBITDA	$25M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$18M
Depreciation & Amortization	$2M
Stock-Based Compensation	$2M
Deferred Income Tax	$653.0K
Other Non-Cash Items	$7M
Change in Working Capital	$697.0K
OPERATING CASH FLOW	$30M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$87M
Sales/Maturities of Investments	$52M
Other Investing Activities	-$135M
NET CASH FROM INVESTING	-$170M
Net Debt Issuance	-$1.0K
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$224M
NET CASH FROM FINANCING	$224M
FREE CASH FLOW	$27M
Net Change in Cash	$84M

Balance Sheet

Item	Amount
Cash & Equivalents	$149M
Short-Term Investments	$148M
Net Receivables	$4M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$302M
PP&E (Net)	$3M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$775M
Tax Assets	$3M
Other Non-Current Assets	$95M
TOTAL NON-CURRENT ASSETS	$877M
TOTAL ASSETS	$1.2B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$1.0B
TOTAL CURRENT LIABILITIES	$1.0B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$0
TOTAL LIABILITIES	$1.0B
Common Stock	$81.0K
Additional Paid-In Capital	$94M
Retained Earnings	$51M
Treasury Stock	-$567.0K
Accum. Other Comp. Income	-$850.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$144M
Minority Interest	$0
TOTAL EQUITY	$144M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$0
Net Debt	-$149M