FXNC FY 2019 Earnings Report — First National Corporation Revenue & Financial Results | Market Cap Arena

First National CorporationFXNC

FY 2019 Earnings

Reported March 13, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$41M	—	$39M	—	2.7%
Op. Income	$12M	—	$12M	—	-5.1%
Gross Margin	86.8%	—	89.6%	—	-2.7pp
Net Margin	23.6%	—	25.7%	—	-2.1pp
EPS (Diluted)	$1.92	—	$2.04	—	-5.9%
Free Cash Flow	$11M	—	$12M	—	-11.4%

Revenue Flow

Item	Amount
REVENUE	$41M
Cost of Revenue	$5M
GROSS PROFIT	$35M
R&D Expenses	$0
Selling & Marketing	$651.0K
General & Administrative	$14M
SG&A Expenses	$14M
Other Expenses	$9M
Operating Expenses	$23M
Cost & Expenses	$29M
OPERATING INCOME	$12M
Interest Income	$33M
Interest Expense	$5M
Other Income/Expenses	$0
INCOME BEFORE TAX	$12M
Income Tax Expense	$2M
Net Income from Continuing Ops	$10M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$10M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$10M
D&A	$2M
EBIT	$12M
EBITDA	$13M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$41M
Cost of Revenue	$5M
GROSS PROFIT	$35M
R&D Expenses	$0
Selling & Marketing	$651.0K
General & Administrative	$14M
SG&A Expenses	$14M
Other Expenses	$9M
Operating Expenses	$23M
Cost & Expenses	$29M
OPERATING INCOME	$12M
Interest Income	$33M
Interest Expense	$5M
Other Income/Expenses	$0
INCOME BEFORE TAX	$12M
Income Tax Expense	$2M
Net Income from Continuing Ops	$10M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$10M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$10M
D&A	$2M
EBIT	$12M
EBITDA	$13M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$10M
Depreciation & Amortization	$2M
Stock-Based Compensation	$183.0K
Deferred Income Tax	-$8.0K
Other Non-Cash Items	$807.0K
Change in Working Capital	-$324.0K
OPERATING CASH FLOW	$12M
Capital Expenditure	-$1M
Acquisitions (Net)	$0
Purchases of Investments	-$17M
Sales/Maturities of Investments	$24M
Other Investing Activities	-$35M
NET CASH FROM INVESTING	-$29M
Net Debt Issuance	$0
Common Stock Repurchased	-$20.0K
Common Dividends Paid	-$2M
Other Financing Activities	$36M
NET CASH FROM FINANCING	$34M
FREE CASH FLOW	$11M
Net Change in Cash	$17M

Balance Sheet

Item	Amount
Cash & Equivalents	$46M
Short-Term Investments	$121M
Net Receivables	$2M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$169M
PP&E (Net)	$20M
Goodwill	$0
Intangible Assets	$170.0K
Long-Term Investments	$587M
Tax Assets	$0
Other Non-Current Assets	$24M
TOTAL NON-CURRENT ASSETS	$631M
TOTAL ASSETS	$800M
Account Payables	$2M
Short-Term Debt	$0
Deferred Revenue	$2M
Other Current Liabilities	$704M
TOTAL CURRENT LIABILITIES	$709M
Long-Term Debt	$14M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$14M
TOTAL LIABILITIES	$723M
Common Stock	$6M
Additional Paid-In Capital	$8M
Retained Earnings	$63M
Treasury Stock	$0
Accum. Other Comp. Income	$724.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$77M
Minority Interest	$0
TOTAL EQUITY	$77M
TOTAL LIABILITIES & EQUITY	$800M
Total Debt	$14M
Net Debt	-$32M