MYFW FY 2019 Earnings Report — First Western Financial, Inc. Revenue & Financial Results | Market Cap Arena

First Western Financial, Inc.MYFW

FY 2019 Earnings

Reported March 12, 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	$77M	—	$65M	—	17.8%
Op. Income	$10M	—	$7M	—	37.3%
Gross Margin	82.2%	—	87.2%	—	-5.0pp
Net Margin	10.4%	—	8.7%	—	1.8pp
EPS (Diluted)	$1.01	—	$0.63	—	60.3%
Free Cash Flow	-$22M	—	$17M	—	-228.3%

Revenue Flow

Item	Amount
REVENUE	$77M
Cost of Revenue	$14M
GROSS PROFIT	$63M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$37M
SG&A Expenses	$38M
Other Expenses	$15M
Operating Expenses	$53M
Cost & Expenses	$67M
OPERATING INCOME	$10M
Interest Income	$45M
Interest Expense	$13M
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	$2M
EBIT	$10M
EBITDA	$12M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$77M
Cost of Revenue	$14M
GROSS PROFIT	$63M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$37M
SG&A Expenses	$38M
Other Expenses	$15M
Operating Expenses	$53M
Cost & Expenses	$67M
OPERATING INCOME	$10M
Interest Income	$45M
Interest Expense	$13M
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	$2M
EBIT	$10M
EBITDA	$12M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$8M
Depreciation & Amortization	$2M
Stock-Based Compensation	$2M
Deferred Income Tax	-$1M
Other Non-Cash Items	-$33M
Change in Working Capital	$1M
OPERATING CASH FLOW	-$22M
Capital Expenditure	-$415.0K
Acquisitions (Net)	$0
Purchases of Investments	-$32M
Sales/Maturities of Investments	$20M
Other Investing Activities	-$104M
NET CASH FROM INVESTING	-$116M
Net Debt Issuance	-$5M
Common Stock Repurchased	-$743.0K
Common Dividends Paid	$0
Other Financing Activities	$149M
NET CASH FROM FINANCING	$143M
FREE CASH FLOW	-$22M
Net Change in Cash	$5M

Balance Sheet

Item	Amount
Cash & Equivalents	$79M
Short-Term Investments	$59M
Net Receivables	$9M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$147M
PP&E (Net)	$5M
Goodwill	$20M
Intangible Assets	$28.0K
Long-Term Investments	$1.0B
Tax Assets	$5M
Other Non-Current Assets	$32M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$1.3B
Account Payables	$299.0K
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$1.1B
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$17M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$20M
TOTAL NON-CURRENT LIABILITIES	$37M
TOTAL LIABILITIES	$1.1B
Common Stock	$0
Additional Paid-In Capital	$143M
Retained Earnings	-$15M
Treasury Stock	$0
Accum. Other Comp. Income	-$164.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$128M
Minority Interest	$0
TOTAL EQUITY	$128M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$17M
Net Debt	-$62M