MNSB FY 2022 Earnings Report — MainStreet Bancshares, Inc. Revenue & Financial Results | Market Cap Arena

MainStreet Bancshares, Inc.MNSB

FY 2022 Earnings

Reported March 23, 2023

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	$89M	—	$70M	—	26.1%
Op. Income	$33M	—	$28M	—	19.4%
Gross Margin	82.2%	—	86.5%	—	-4.3pp
Net Margin	30.1%	—	31.5%	—	-1.5pp
EPS (Diluted)	$3.26	—	$2.65	—	23.0%
Free Cash Flow	$26M	—	$25M	—	3.8%

Revenue Flow

Item	Amount
REVENUE	$89M
Cost of Revenue	$16M
GROSS PROFIT	$73M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$25M
SG&A Expenses	$28M
Other Expenses	$12M
Operating Expenses	$40M
Cost & Expenses	$55M
OPERATING INCOME	$33M
Interest Income	$84M
Interest Expense	$13M
Other Income/Expenses	$0
INCOME BEFORE TAX	$33M
Income Tax Expense	$7M
Net Income from Continuing Ops	$27M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$27M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$25M
D&A	$3M
EBIT	$33M
EBITDA	$36M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$89M
Cost of Revenue	$16M
GROSS PROFIT	$73M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$25M
SG&A Expenses	$28M
Other Expenses	$12M
Operating Expenses	$40M
Cost & Expenses	$55M
OPERATING INCOME	$33M
Interest Income	$84M
Interest Expense	$13M
Other Income/Expenses	$0
INCOME BEFORE TAX	$33M
Income Tax Expense	$7M
Net Income from Continuing Ops	$27M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$27M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$25M
D&A	$3M
EBIT	$33M
EBITDA	$36M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$27M
Depreciation & Amortization	$3M
Stock-Based Compensation	$3M
Deferred Income Tax	-$894.0K
Other Non-Cash Items	$2M
Change in Working Capital	$710.0K
OPERATING CASH FLOW	$34M
Capital Expenditure	-$8M
Acquisitions (Net)	$0
Purchases of Investments	-$226M
Sales/Maturities of Investments	$254M
Other Investing Activities	-$256M
NET CASH FROM INVESTING	-$229M
Net Debt Issuance	$143M
Common Stock Repurchased	-$7M
Common Dividends Paid	-$2M
Other Financing Activities	$101M
NET CASH FROM FINANCING	$233M
FREE CASH FLOW	$26M
Net Change in Cash	$37M

Balance Sheet

Item	Amount
Cash & Equivalents	$49M
Short-Term Investments	$63M
Net Receivables	$10M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$121M
PP&E (Net)	$15M
Goodwill	$0
Intangible Assets	$9M
Long-Term Investments	$1.6B
Tax Assets	$0
Other Non-Current Assets	$183M
TOTAL NON-CURRENT ASSETS	$1.8B
TOTAL ASSETS	$1.9B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$1.5B
TOTAL CURRENT LIABILITIES	$1.5B
Long-Term Debt	$172M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$42M
TOTAL NON-CURRENT LIABILITIES	$215M
TOTAL LIABILITIES	$1.7B
Common Stock	$29M
Additional Paid-In Capital	$64M
Retained Earnings	$87M
Treasury Stock	$0
Accum. Other Comp. Income	-$9M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$198M
Minority Interest	$0
TOTAL EQUITY	$198M
TOTAL LIABILITIES & EQUITY	$1.9B
Total Debt	$172M
Net Debt	$123M