MLAB FY 2019 Earnings Report — Mesa Laboratories, Inc. Revenue & Financial Results | Market Cap Arena

Mesa Laboratories, Inc.MLAB

FY 2019 Earnings

Reported December 13, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$103M	—	$96M	—	7.2%
Op. Income	$10M	—	$2M	—	348.1%
Gross Margin	59.1%	—	56.8%	—	2.3pp
Net Margin	7.3%	—	-3.1%	—	10.3pp
EPS (Diluted)	$1.86	—	$-0.79	—	335.4%
Free Cash Flow	$29M	—	$22M	—	33.1%

Revenue Flow

Item	Amount
REVENUE	$103M
Cost of Revenue	$42M
GROSS PROFIT	$61M
R&D Expenses	$4M
Selling & Marketing	$8M
General & Administrative	$31M
SG&A Expenses	$40M
Other Expenses	$0
Operating Expenses	$43M
Cost & Expenses	$85M
OPERATING INCOME	$10M
Interest Income	$2M
Interest Expense	$0
Other Income/Expenses	-$1M
INCOME BEFORE TAX	$9M
Income Tax Expense	$1M
Net Income from Continuing Ops	$7M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$7M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$7M
D&A	$9M
EBIT	$9M
EBITDA	$18M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$103M
Cost of Revenue	$42M
GROSS PROFIT	$61M
R&D Expenses	$4M
Selling & Marketing	$8M
General & Administrative	$31M
SG&A Expenses	$40M
Other Expenses	$0
Operating Expenses	$43M
Cost & Expenses	$85M
OPERATING INCOME	$10M
Interest Income	$2M
Interest Expense	$0
Other Income/Expenses	-$1M
INCOME BEFORE TAX	$9M
Income Tax Expense	$1M
Net Income from Continuing Ops	$7M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$7M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$7M
D&A	$9M
EBIT	$9M
EBITDA	$18M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$7M
Depreciation & Amortization	$9M
Stock-Based Compensation	$4M
Deferred Income Tax	-$2M
Other Non-Cash Items	$4M
Change in Working Capital	$8M
OPERATING CASH FLOW	$31M
Capital Expenditure	-$1M
Acquisitions (Net)	-$5M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$4M
Net Debt Issuance	-$24M
Common Stock Repurchased	-$5M
Common Dividends Paid	-$2M
Other Financing Activities	-$680.0K
NET CASH FROM FINANCING	-$22M
FREE CASH FLOW	$29M
Net Change in Cash	$5M

Balance Sheet

Item	Amount
Cash & Equivalents	$10M
Short-Term Investments	$0
Net Receivables	$13M
Inventory	$7M
Other Current Assets	$3M
TOTAL CURRENT ASSETS	$34M
PP&E (Net)	$22M
Goodwill	$66M
Intangible Assets	$33M
Long-Term Investments	-$246.0K
Tax Assets	$1M
Other Non-Current Assets	$246.0K
TOTAL NON-CURRENT ASSETS	$123M
TOTAL ASSETS	$157M
Account Payables	$3M
Short-Term Debt	$2M
Deferred Revenue	$4M
Other Current Liabilities	$7M
TOTAL CURRENT LIABILITIES	$24M
Long-Term Debt	$21M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1M
Other Non-Current Liabilities	$105.0K
TOTAL NON-CURRENT LIABILITIES	$22M
TOTAL LIABILITIES	$45M
Common Stock	$40M
Additional Paid-In Capital	$0
Retained Earnings	$73M
Treasury Stock	$0
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$111M
Minority Interest	$0
TOTAL EQUITY	$111M
TOTAL LIABILITIES & EQUITY	$157M
Total Debt	$23M
Net Debt	$13M