HTT Q2 2019 Earnings Report — High Templar Tech Limited Revenue & Financial Results | Market Cap Arena

High Templar Tech LimitedHTT

Q2 2019 Earnings

Reported August 19, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2019	Q1 2019	Q2 2018	QoQ Change	YoY Change
Revenue	$324M	$306M	$328M	5.9%	-1.0%
Op. Income	$185M	$166M	$113M	11.1%	63.4%
Gross Margin	87.1%	87.6%	57.8%	-0.5pp	29.4pp
Net Margin	51.5%	45.3%	32.3%	6.2pp	19.2pp
EPS (Diluted)	$0.58	$0.47	$0.32	25.4%	82.6%
Free Cash Flow	$0	$172M	$0	-100.0%	—

Revenue Flow

Item	Amount
REVENUE	$324M
Cost of Revenue	$42M
GROSS PROFIT	$283M
R&D Expenses	$9M
Selling & Marketing	$11M
General & Administrative	$10M
SG&A Expenses	$21M
Other Expenses	$68M
Operating Expenses	$98M
Cost & Expenses	$140M
OPERATING INCOME	$185M
Interest Income	$2M
Interest Expense	$0
Other Income/Expenses	$5M
INCOME BEFORE TAX	$189M
Income Tax Expense	$22M
Net Income from Continuing Ops	$167M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$167M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$167M
D&A	$0
EBIT	$180M
EBITDA	$180M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$324M
Cost of Revenue	$42M
GROSS PROFIT	$283M
R&D Expenses	$9M
Selling & Marketing	$11M
General & Administrative	$10M
SG&A Expenses	$21M
Other Expenses	$68M
Operating Expenses	$98M
Cost & Expenses	$140M
OPERATING INCOME	$185M
Interest Income	$2M
Interest Expense	$0
Other Income/Expenses	$5M
INCOME BEFORE TAX	$189M
Income Tax Expense	$22M
Net Income from Continuing Ops	$167M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$167M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$167M
D&A	$0
EBIT	$180M
EBITDA	$180M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$167M
Depreciation & Amortization	$0
Stock-Based Compensation	$2M
Deferred Income Tax	$0
Other Non-Cash Items	$39M
Change in Working Capital	$0
OPERATING CASH FLOW	$208M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$132M
NET CASH FROM INVESTING	$132M
Net Debt Issuance	-$204M
Common Stock Repurchased	-$103M
Common Dividends Paid	$0
Other Financing Activities	$21M
NET CASH FROM FINANCING	-$286M
FREE CASH FLOW	$0
Net Change in Cash	$45M

Balance Sheet

Item	Amount
Cash & Equivalents	$378M
Short-Term Investments	$4M
Net Receivables	$1.6B
Inventory	$0
Other Current Assets	$413M
TOTAL CURRENT ASSETS	$2.4B
PP&E (Net)	$29M
Goodwill	$0
Intangible Assets	$892.9K
Long-Term Investments	$34M
Tax Assets	$66M
Other Non-Current Assets	$195M
TOTAL NON-CURRENT ASSETS	$324M
TOTAL ASSETS	$2.7B
Account Payables	$0
Short-Term Debt	$474M
Deferred Revenue	$0
Other Current Liabilities	$171M
TOTAL CURRENT LIABILITIES	$792M
Long-Term Debt	$87M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$55M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$145M
TOTAL LIABILITIES	$937M
Common Stock	$28.3K
Additional Paid-In Capital	$805M
Retained Earnings	$1.0B
Treasury Stock	-$53M
Accum. Other Comp. Income	-$8M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.8B
Minority Interest	$0
TOTAL EQUITY	$1.8B
TOTAL LIABILITIES & EQUITY	$2.7B
Total Debt	$565M
Net Debt	$187M