FCCO FY 2023 Earnings Report — First Community Corporation Revenue & Financial Results | Market Cap Arena

First Community CorporationFCCO

FY 2023 Earnings

Reported March 21, 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	$78M	—	$58M	—	34.2%
Op. Income	$15M	—	$18M	—	-18.3%
Gross Margin	68.2%	—	94.8%	—	-26.7pp
Net Margin	15.1%	—	25.0%	—	-9.9pp
EPS (Diluted)	$1.55	—	$1.92	—	-19.3%
Free Cash Flow	$11M	—	$21M	—	-46.6%

Revenue Flow

Item	Amount
REVENUE	$78M
Cost of Revenue	$25M
GROSS PROFIT	$53M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$28M
SG&A Expenses	$29M
Other Expenses	$9M
Operating Expenses	$38M
Cost & Expenses	$63M
OPERATING INCOME	$15M
Interest Income	$73M
Interest Expense	$24M
Other Income/Expenses	$0
INCOME BEFORE TAX	$15M
Income Tax Expense	$3M
Net Income from Continuing Ops	$12M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$12M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$12M
D&A	$2M
EBIT	$15M
EBITDA	$17M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$78M
Cost of Revenue	$25M
GROSS PROFIT	$53M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$28M
SG&A Expenses	$29M
Other Expenses	$9M
Operating Expenses	$38M
Cost & Expenses	$63M
OPERATING INCOME	$15M
Interest Income	$73M
Interest Expense	$24M
Other Income/Expenses	$0
INCOME BEFORE TAX	$15M
Income Tax Expense	$3M
Net Income from Continuing Ops	$12M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$12M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$12M
D&A	$2M
EBIT	$15M
EBITDA	$17M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$12M
Depreciation & Amortization	$2M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$4M
Change in Working Capital	$2M
OPERATING CASH FLOW	$12M
Capital Expenditure	-$1M
Acquisitions (Net)	$0
Purchases of Investments	-$9M
Sales/Maturities of Investments	$73M
Other Investing Activities	-$153M
NET CASH FROM INVESTING	-$90M
Net Debt Issuance	$40M
Common Stock Repurchased	-$149.0K
Common Dividends Paid	-$4M
Other Financing Activities	$99M
NET CASH FROM FINANCING	$135M
FREE CASH FLOW	$11M
Net Change in Cash	$57M

Balance Sheet

Item	Amount
Cash & Equivalents	$95M
Short-Term Investments	$282M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$377M
PP&E (Net)	$34M
Goodwill	$15M
Intangible Assets	$604.0K
Long-Term Investments	$1.4B
Tax Assets	$0
Other Non-Current Assets	$52M
TOTAL NON-CURRENT ASSETS	$1.5B
TOTAL ASSETS	$1.8B
Account Payables	$0
Short-Term Debt	$153M
Deferred Revenue	$0
Other Current Liabilities	$1.5B
TOTAL CURRENT LIABILITIES	$1.7B
Long-Term Debt	$15M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$14M
TOTAL NON-CURRENT LIABILITIES	$33M
TOTAL LIABILITIES	$1.7B
Common Stock	$8M
Additional Paid-In Capital	$93M
Retained Earnings	$56M
Treasury Stock	$0
Accum. Other Comp. Income	-$28M
Other Equity	$2M
TOTAL STOCKHOLDERS' EQUITY	$131M
Minority Interest	$0
TOTAL EQUITY	$131M
TOTAL LIABILITIES & EQUITY	$1.8B
Total Debt	$171M
Net Debt	$77M