MGYR FY 2022 Earnings Report — Magyar Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Magyar Bancorp, Inc.MGYR

FY 2022 Earnings

Reported December 22, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$32M	—	$32M	—	1.9%
Op. Income	$11M	—	$9M	—	28.0%
Gross Margin	91.3%	—	85.5%	—	5.8pp
Net Margin	24.6%	—	19.4%	—	5.2pp
EPS (Diluted)	$1.17	—	$1.01	—	15.8%
Free Cash Flow	$11M	—	$9M	—	22.3%

Revenue Flow

Item	Amount
REVENUE	$32M
Cost of Revenue	$3M
GROSS PROFIT	$29M
R&D Expenses	$0
Selling & Marketing	$447.0K
General & Administrative	$11M
SG&A Expenses	$12M
Other Expenses	$7M
Operating Expenses	$18M
Cost & Expenses	$21M
OPERATING INCOME	$11M
Interest Income	$30M
Interest Expense	$2M
Other Income/Expenses	$0
INCOME BEFORE TAX	$11M
Income Tax Expense	$3M
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	$839.0K
EBIT	$11M
EBITDA	$12M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$32M
Cost of Revenue	$3M
GROSS PROFIT	$29M
R&D Expenses	$0
Selling & Marketing	$447.0K
General & Administrative	$11M
SG&A Expenses	$12M
Other Expenses	$7M
Operating Expenses	$18M
Cost & Expenses	$21M
OPERATING INCOME	$11M
Interest Income	$30M
Interest Expense	$2M
Other Income/Expenses	$0
INCOME BEFORE TAX	$11M
Income Tax Expense	$3M
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	$839.0K
EBIT	$11M
EBITDA	$12M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$8M
Depreciation & Amortization	$839.0K
Stock-Based Compensation	$185.0K
Deferred Income Tax	$152.0K
Other Non-Cash Items	$55.0K
Change in Working Capital	$2M
OPERATING CASH FLOW	$11M
Capital Expenditure	-$387.0K
Acquisitions (Net)	$0
Purchases of Investments	-$41M
Sales/Maturities of Investments	$9M
Other Investing Activities	-$37M
NET CASH FROM INVESTING	-$70M
Net Debt Issuance	-$8M
Common Stock Repurchased	-$5M
Common Dividends Paid	-$1M
Other Financing Activities	$28M
NET CASH FROM FINANCING	$14M
FREE CASH FLOW	$11M
Net Change in Cash	-$44M

Balance Sheet

Item	Amount
Cash & Equivalents	$31M
Short-Term Investments	$9M
Net Receivables	$3M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$44M
PP&E (Net)	$14M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$711M
Tax Assets	$0
Other Non-Current Assets	$30M
TOTAL NON-CURRENT ASSETS	$755M
TOTAL ASSETS	$799M
Account Payables	$85.0K
Short-Term Debt	$5M
Deferred Revenue	$0
Other Current Liabilities	$668M
TOTAL CURRENT LIABILITIES	$673M
Long-Term Debt	$16M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$12M
TOTAL NON-CURRENT LIABILITIES	$27M
TOTAL LIABILITIES	$700M
Common Stock	$71.0K
Additional Paid-In Capital	$64M
Retained Earnings	$46M
Treasury Stock	-$6M
Accum. Other Comp. Income	-$2M
Other Equity	-$3M
TOTAL STOCKHOLDERS' EQUITY	$99M
Minority Interest	$0
TOTAL EQUITY	$99M
TOTAL LIABILITIES & EQUITY	$799M
Total Debt	$20M
Net Debt	-$11M