ESQ FY 2022 Earnings Report — Esquire Financial Holdings, Inc. Revenue & Financial Results | Market Cap Arena

Esquire Financial Holdings, Inc.ESQ

FY 2022 Earnings

Reported March 27, 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	$86M	—	$66M	—	31.1%
Op. Income	$39M	—	$23M	—	70.9%
Gross Margin	94.0%	—	88.1%	—	5.9pp
Net Margin	33.2%	—	27.3%	—	5.8pp
EPS (Diluted)	$3.47	—	$2.26	—	53.5%
Free Cash Flow	$38M	—	$27M	—	38.4%

Revenue Flow

Item	Amount
REVENUE	$86M
Cost of Revenue	$5M
GROSS PROFIT	$81M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$26M
SG&A Expenses	$28M
Other Expenses	$14M
Operating Expenses	$42M
Cost & Expenses	$47M
OPERATING INCOME	$39M
Interest Income	$61M
Interest Expense	$2M
Other Income/Expenses	$0
INCOME BEFORE TAX	$39M
Income Tax Expense	$10M
Net Income from Continuing Ops	$29M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$29M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$29M
D&A	$3M
EBIT	$39M
EBITDA	$41M
EPS	$4
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$86M
Cost of Revenue	$5M
GROSS PROFIT	$81M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$26M
SG&A Expenses	$28M
Other Expenses	$14M
Operating Expenses	$42M
Cost & Expenses	$47M
OPERATING INCOME	$39M
Interest Income	$61M
Interest Expense	$2M
Other Income/Expenses	$0
INCOME BEFORE TAX	$39M
Income Tax Expense	$10M
Net Income from Continuing Ops	$29M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$29M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$29M
D&A	$3M
EBIT	$39M
EBITDA	$41M
EPS	$4
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$29M
Depreciation & Amortization	$3M
Stock-Based Compensation	$2M
Deferred Income Tax	-$1M
Other Non-Cash Items	$3M
Change in Working Capital	$4M
OPERATING CASH FLOW	$39M
Capital Expenditure	-$1M
Acquisitions (Net)	$0
Purchases of Investments	-$86M
Sales/Maturities of Investments	$26M
Other Investing Activities	-$162M
NET CASH FROM INVESTING	-$222M
Net Debt Issuance	-$2.0K
Common Stock Repurchased	$0
Common Dividends Paid	-$2M
Other Financing Activities	$200M
NET CASH FROM FINANCING	$198M
FREE CASH FLOW	$38M
Net Change in Cash	$15M

Balance Sheet

Item	Amount
Cash & Equivalents	$164M
Short-Term Investments	$109M
Net Receivables	$6M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$279M
PP&E (Net)	$3M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$1.0B
Tax Assets	$10M
Other Non-Current Assets	$91M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$1.4B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$1.2B
TOTAL CURRENT LIABILITIES	$1.2B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$0
TOTAL LIABILITIES	$1.2B
Common Stock	$82.0K
Additional Paid-In Capital	$96M
Retained Earnings	$78M
Treasury Stock	-$906.0K
Accum. Other Comp. Income	-$15M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$158M
Minority Interest	$0
TOTAL EQUITY	$158M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$0
Net Debt	-$164M