ISTR FY 2021 Earnings Report — Investar Holding Corporation Revenue & Financial Results | Market Cap Arena

Investar Holding CorporationISTR

FY 2021 Earnings

Reported March 9, 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	$108M	—	$106M	—	1.9%
Op. Income	$10M	—	$17M	—	-42.9%
Gross Margin	67.9%	—	70.3%	—	-2.4pp
Net Margin	7.4%	—	13.1%	—	-5.7pp
EPS (Diluted)	$0.76	—	$1.27	—	-40.2%
Free Cash Flow	$30M	—	$10M	—	196.9%

Revenue Flow

Item	Amount
REVENUE	$108M
Cost of Revenue	$35M
GROSS PROFIT	$73M
R&D Expenses	$0
Selling & Marketing	$275.0K
General & Administrative	$36M
SG&A Expenses	$36M
Other Expenses	$28M
Operating Expenses	$63M
Cost & Expenses	$98M
OPERATING INCOME	$10M
Interest Income	$96M
Interest Expense	$12M
Other Income/Expenses	$0
INCOME BEFORE TAX	$10M
Income Tax Expense	$2M
Net Income from Continuing Ops	$8M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$8M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$8M
D&A	$5M
EBIT	$10M
EBITDA	$15M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$108M
Cost of Revenue	$35M
GROSS PROFIT	$73M
R&D Expenses	$0
Selling & Marketing	$275.0K
General & Administrative	$36M
SG&A Expenses	$36M
Other Expenses	$28M
Operating Expenses	$63M
Cost & Expenses	$98M
OPERATING INCOME	$10M
Interest Income	$96M
Interest Expense	$12M
Other Income/Expenses	$0
INCOME BEFORE TAX	$10M
Income Tax Expense	$2M
Net Income from Continuing Ops	$8M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$8M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$8M
D&A	$5M
EBIT	$10M
EBITDA	$15M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$8M
Depreciation & Amortization	$5M
Stock-Based Compensation	$2M
Deferred Income Tax	-$547.0K
Other Non-Cash Items	$21M
Change in Working Capital	-$2M
OPERATING CASH FLOW	$33M
Capital Expenditure	-$3M
Acquisitions (Net)	$8M
Purchases of Investments	-$256M
Sales/Maturities of Investments	$225M
Other Investing Activities	$80M
NET CASH FROM INVESTING	$53M
Net Debt Issuance	-$42M
Common Stock Repurchased	-$7M
Common Dividends Paid	-$3M
Other Financing Activities	$27M
NET CASH FROM FINANCING	-$25M
FREE CASH FLOW	$30M
Net Change in Cash	$62M

Balance Sheet

Item	Amount
Cash & Equivalents	$97M
Short-Term Investments	$356M
Net Receivables	$11M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$463M
PP&E (Net)	$58M
Goodwill	$40M
Intangible Assets	$4M
Long-Term Investments	$1.9B
Tax Assets	$2M
Other Non-Current Assets	$67M
TOTAL NON-CURRENT ASSETS	$2.0B
TOTAL ASSETS	$2.5B
Account Payables	$0
Short-Term Debt	$6M
Deferred Revenue	$0
Other Current Liabilities	$2.1B
TOTAL CURRENT LIABILITIES	$2.1B
Long-Term Debt	$130M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$15M
TOTAL NON-CURRENT LIABILITIES	$145M
TOTAL LIABILITIES	$2.3B
Common Stock	$10M
Additional Paid-In Capital	$155M
Retained Earnings	$76M
Treasury Stock	$0
Accum. Other Comp. Income	$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$243M
Minority Interest	$0
TOTAL EQUITY	$243M
TOTAL LIABILITIES & EQUITY	$2.5B
Total Debt	$136M
Net Debt	$39M