FXNC FY 2021 Earnings Report — First National Corporation Revenue & Financial Results | Market Cap Arena

First National CorporationFXNC

FY 2021 Earnings

Reported March 30, 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	$46M	—	$40M	—	15.2%
Op. Income	$13M	—	$11M	—	18.7%
Gross Margin	96.4%	—	84.1%	—	12.3pp
Net Margin	22.4%	—	22.1%	—	0.3pp
EPS (Diluted)	$1.86	—	$1.82	—	2.2%
Free Cash Flow	$7M	—	$14M	—	-50.4%

Revenue Flow

Item	Amount
REVENUE	$46M
Cost of Revenue	$2M
GROSS PROFIT	$45M
R&D Expenses	$0
Selling & Marketing	$666.0K
General & Administrative	$18M
SG&A Expenses	$19M
Other Expenses	$13M
Operating Expenses	$32M
Cost & Expenses	$33M
OPERATING INCOME	$13M
Interest Income	$37M
Interest Expense	$2M
Other Income/Expenses	$0
INCOME BEFORE TAX	$13M
Income Tax Expense	$3M
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	$1M
EBIT	$13M
EBITDA	$14M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$46M
Cost of Revenue	$2M
GROSS PROFIT	$45M
R&D Expenses	$0
Selling & Marketing	$666.0K
General & Administrative	$18M
SG&A Expenses	$19M
Other Expenses	$13M
Operating Expenses	$32M
Cost & Expenses	$33M
OPERATING INCOME	$13M
Interest Income	$37M
Interest Expense	$2M
Other Income/Expenses	$0
INCOME BEFORE TAX	$13M
Income Tax Expense	$3M
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	$1M
EBIT	$13M
EBITDA	$14M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$10M
Depreciation & Amortization	$1M
Stock-Based Compensation	$354.0K
Deferred Income Tax	-$2M
Other Non-Cash Items	-$356.0K
Change in Working Capital	-$2M
OPERATING CASH FLOW	$8M
Capital Expenditure	-$835.0K
Acquisitions (Net)	-$44M
Purchases of Investments	-$221M
Sales/Maturities of Investments	$60M
Other Investing Activities	$80M
NET CASH FROM INVESTING	-$126M
Net Debt Issuance	$0
Common Stock Repurchased	-$39.0K
Common Dividends Paid	-$3M
Other Financing Activities	$170M
NET CASH FROM FINANCING	$167M
FREE CASH FLOW	$7M
Net Change in Cash	$49M

Balance Sheet

Item	Amount
Cash & Equivalents	$176M
Short-Term Investments	$289M
Net Receivables	$4M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$469M
PP&E (Net)	$22M
Goodwill	$3M
Intangible Assets	$154.0K
Long-Term Investments	$853M
Tax Assets	$0
Other Non-Current Assets	$42M
TOTAL NON-CURRENT ASSETS	$920M
TOTAL ASSETS	$1.4B
Account Payables	$4M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$1.2B
TOTAL CURRENT LIABILITIES	$1.3B
Long-Term Debt	$19M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$19M
TOTAL LIABILITIES	$1.3B
Common Stock	$8M
Additional Paid-In Capital	$32M
Retained Earnings	$77M
Treasury Stock	$0
Accum. Other Comp. Income	$298.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$117M
Minority Interest	$0
TOTAL EQUITY	$117M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$19M
Net Debt	-$157M