MNSB FY 2019 Earnings Report — MainStreet Bancshares, Inc. Revenue & Financial Results | Market Cap Arena

MainStreet Bancshares, Inc.MNSB

FY 2019 Earnings

Reported March 23, 2020

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	$64M	—	$47M	—	35.3%
Op. Income	$17M	—	$11M	—	53.1%
Gross Margin	67.0%	—	66.5%	—	0.6pp
Net Margin	21.9%	—	19.6%	—	2.3pp
EPS (Diluted)	$1.69	—	$1.38	—	22.5%
Free Cash Flow	$16M	—	$11M	—	40.0%

Revenue Flow

Item	Amount
REVENUE	$64M
Cost of Revenue	$21M
GROSS PROFIT	$43M
R&D Expenses	$0
Selling & Marketing	$906.0K
General & Administrative	$18M
SG&A Expenses	$19M
Other Expenses	$6M
Operating Expenses	$25M
Cost & Expenses	$46M
OPERATING INCOME	$17M
Interest Income	$59M
Interest Expense	$19M
Other Income/Expenses	$0
INCOME BEFORE TAX	$17M
Income Tax Expense	$3M
Net Income from Continuing Ops	$14M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$14M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$14M
D&A	$2M
EBIT	$17M
EBITDA	$19M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$64M
Cost of Revenue	$21M
GROSS PROFIT	$43M
R&D Expenses	$0
Selling & Marketing	$906.0K
General & Administrative	$18M
SG&A Expenses	$19M
Other Expenses	$6M
Operating Expenses	$25M
Cost & Expenses	$46M
OPERATING INCOME	$17M
Interest Income	$59M
Interest Expense	$19M
Other Income/Expenses	$0
INCOME BEFORE TAX	$17M
Income Tax Expense	$3M
Net Income from Continuing Ops	$14M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$14M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$14M
D&A	$2M
EBIT	$17M
EBITDA	$19M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$14M
Depreciation & Amortization	$2M
Stock-Based Compensation	$1M
Deferred Income Tax	-$462.0K
Other Non-Cash Items	$1M
Change in Working Capital	-$745.0K
OPERATING CASH FLOW	$17M
Capital Expenditure	-$990.0K
Acquisitions (Net)	$0
Purchases of Investments	-$176M
Sales/Maturities of Investments	$142M
Other Investing Activities	-$126M
NET CASH FROM INVESTING	-$161M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$151M
NET CASH FROM FINANCING	$151M
FREE CASH FLOW	$16M
Net Change in Cash	$7M

Balance Sheet

Item	Amount
Cash & Equivalents	$53M
Short-Term Investments	$93M
Net Receivables	$5M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$152M
PP&E (Net)	$14M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$1.1B
Tax Assets	$0
Other Non-Current Assets	$57M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$1.3B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$1.1B
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$55M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$14M
TOTAL NON-CURRENT LIABILITIES	$69M
TOTAL LIABILITIES	$1.1B
Common Stock	$32M
Additional Paid-In Capital	$75M
Retained Earnings	$29M
Treasury Stock	$0
Accum. Other Comp. Income	$423.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$137M
Minority Interest	$0
TOTAL EQUITY	$137M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$55M
Net Debt	$1M