FXNC FY 2020 Earnings Report — First National Corporation Revenue & Financial Results | Market Cap Arena

First National CorporationFXNC

FY 2020 Earnings

Reported March 31, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$40M	—	$41M	—	-1.1%
Op. Income	$11M	—	$12M	—	-7.5%
Gross Margin	84.1%	—	86.8%	—	-2.8pp
Net Margin	22.1%	—	23.6%	—	-1.5pp
EPS (Diluted)	$1.82	—	$1.92	—	-5.2%
Free Cash Flow	$14M	—	$11M	—	31.1%

Revenue Flow

Item	Amount
REVENUE	$40M
Cost of Revenue	$6M
GROSS PROFIT	$34M
R&D Expenses	$0
Selling & Marketing	$355.0K
General & Administrative	$14M
SG&A Expenses	$14M
Other Expenses	$9M
Operating Expenses	$23M
Cost & Expenses	$29M
OPERATING INCOME	$11M
Interest Income	$33M
Interest Expense	$3M
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	$1M
EBIT	$11M
EBITDA	$12M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$40M
Cost of Revenue	$6M
GROSS PROFIT	$34M
R&D Expenses	$0
Selling & Marketing	$355.0K
General & Administrative	$14M
SG&A Expenses	$14M
Other Expenses	$9M
Operating Expenses	$23M
Cost & Expenses	$29M
OPERATING INCOME	$11M
Interest Income	$33M
Interest Expense	$3M
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	$1M
EBIT	$11M
EBITDA	$12M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$9M
Depreciation & Amortization	$1M
Stock-Based Compensation	$290.0K
Deferred Income Tax	-$923.0K
Other Non-Cash Items	$3M
Change in Working Capital	$2M
OPERATING CASH FLOW	$15M
Capital Expenditure	-$909.0K
Acquisitions (Net)	$0
Purchases of Investments	-$51M
Sales/Maturities of Investments	$37M
Other Investing Activities	-$56M
NET CASH FROM INVESTING	-$70M
Net Debt Issuance	$5M
Common Stock Repurchased	-$2M
Common Dividends Paid	-$2M
Other Financing Activities	$136M
NET CASH FROM FINANCING	$137M
FREE CASH FLOW	$14M
Net Change in Cash	$82M

Balance Sheet

Item	Amount
Cash & Equivalents	$127M
Short-Term Investments	$140M
Net Receivables	$3M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$270M
PP&E (Net)	$19M
Goodwill	$0
Intangible Assets	$19.0K
Long-Term Investments	$637M
Tax Assets	$0
Other Non-Current Assets	$24M
TOTAL NON-CURRENT ASSETS	$681M
TOTAL ASSETS	$951M
Account Payables	$4M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$842M
TOTAL CURRENT LIABILITIES	$847M
Long-Term Debt	$19M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$19M
TOTAL LIABILITIES	$866M
Common Stock	$6M
Additional Paid-In Capital	$6M
Retained Earnings	$69M
Treasury Stock	$0
Accum. Other Comp. Income	$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$85M
Minority Interest	$0
TOTAL EQUITY	$85M
TOTAL LIABILITIES & EQUITY	$951M
Total Debt	$19M
Net Debt	-$108M