GLBZ FY 2020 Earnings Report — Glen Burnie Bancorp Revenue & Financial Results | Market Cap Arena

Glen Burnie BancorpGLBZ

FY 2020 Earnings

Reported March 26, 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	$14M	—	$15M	—	-7.1%
Op. Income	$2M	—	$2M	—	5.3%
Gross Margin	94.2%	—	88.2%	—	6.0pp
Net Margin	11.7%	—	10.4%	—	1.3pp
EPS (Diluted)	$0.59	—	$0.57	—	3.5%
Free Cash Flow	$1M	—	$3M	—	-61.3%

Revenue Flow

Item	Amount
REVENUE	$14M
Cost of Revenue	$826.0K
GROSS PROFIT	$13M
R&D Expenses	$0
Selling & Marketing	$88.0K
General & Administrative	$7M
SG&A Expenses	$7M
Other Expenses	$4M
Operating Expenses	$11M
Cost & Expenses	$12M
OPERATING INCOME	$2M
Interest Income	$14M
Interest Expense	$2M
Other Income/Expenses	$0
INCOME BEFORE TAX	$2M
Income Tax Expense	$491.0K
Net Income from Continuing Ops	$2M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2M
D&A	$59.0K
EBIT	$2M
EBITDA	$2M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$14M
Cost of Revenue	$826.0K
GROSS PROFIT	$13M
R&D Expenses	$0
Selling & Marketing	$88.0K
General & Administrative	$7M
SG&A Expenses	$7M
Other Expenses	$4M
Operating Expenses	$11M
Cost & Expenses	$12M
OPERATING INCOME	$2M
Interest Income	$14M
Interest Expense	$2M
Other Income/Expenses	$0
INCOME BEFORE TAX	$2M
Income Tax Expense	$491.0K
Net Income from Continuing Ops	$2M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2M
D&A	$59.0K
EBIT	$2M
EBITDA	$2M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$2M
Depreciation & Amortization	$59.0K
Stock-Based Compensation	$0
Deferred Income Tax	$245.0K
Other Non-Cash Items	-$559.0K
Change in Working Capital	$189.0K
OPERATING CASH FLOW	$2M
Capital Expenditure	-$573.0K
Acquisitions (Net)	$0
Purchases of Investments	-$67M
Sales/Maturities of Investments	$26M
Other Investing Activities	$31M
NET CASH FROM INVESTING	-$10M
Net Debt Issuance	$5M
Common Stock Repurchased	$0
Common Dividends Paid	-$1M
Other Financing Activities	$28M
NET CASH FROM FINANCING	$32M
FREE CASH FLOW	$1M
Net Change in Cash	$24M

Balance Sheet

Item	Amount
Cash & Equivalents	$37M
Short-Term Investments	$114M
Net Receivables	$1M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$153M
PP&E (Net)	$4M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$252M
Tax Assets	$142.0K
Other Non-Current Assets	$10M
TOTAL NON-CURRENT ASSETS	$267M
TOTAL ASSETS	$419M
Account Payables	$0
Short-Term Debt	$30M
Deferred Revenue	$0
Other Current Liabilities	$350M
TOTAL CURRENT LIABILITIES	$382M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$285.0K
TOTAL NON-CURRENT LIABILITIES	$285.0K
TOTAL LIABILITIES	$382M
Common Stock	$3M
Additional Paid-In Capital	$11M
Retained Earnings	$23M
Treasury Stock	$0
Accum. Other Comp. Income	$540.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$37M
Minority Interest	$0
TOTAL EQUITY	$37M
TOTAL LIABILITIES & EQUITY	$419M
Total Debt	$30M
Net Debt	-$7M