NBN FY 2015 Earnings Report — Northeast Bank Revenue & Financial Results | Market Cap Arena

Northeast BankNBN

FY 2015 Earnings

Reported September 29, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$50M	—	$42M	—	20.4%
Op. Income	$11M	—	$4M	—	160.2%
Gross Margin	84.2%	—	82.8%	—	1.4pp
Net Margin	14.2%	—	6.5%	—	7.8pp
EPS (Diluted)	$0.72	—	$0.26	—	176.9%
Free Cash Flow	$20M	—	-$7M	—	406.1%

Revenue Flow

Item	Amount
REVENUE	$50M
Cost of Revenue	$8M
GROSS PROFIT	$42M
R&D Expenses	$0
Selling & Marketing	$244.0K
General & Administrative	$19M
SG&A Expenses	$20M
Other Expenses	$12M
Operating Expenses	$31M
Cost & Expenses	$39M
OPERATING INCOME	$11M
Interest Income	$45M
Interest Expense	$7M
Other Income/Expenses	$0
INCOME BEFORE TAX	$11M
Income Tax Expense	$4M
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	$2M
EBIT	$11M
EBITDA	$13M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$50M
Cost of Revenue	$8M
GROSS PROFIT	$42M
R&D Expenses	$0
Selling & Marketing	$244.0K
General & Administrative	$19M
SG&A Expenses	$20M
Other Expenses	$12M
Operating Expenses	$31M
Cost & Expenses	$39M
OPERATING INCOME	$11M
Interest Income	$45M
Interest Expense	$7M
Other Income/Expenses	$0
INCOME BEFORE TAX	$11M
Income Tax Expense	$4M
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	$2M
EBIT	$11M
EBITDA	$13M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$7M
Depreciation & Amortization	$2M
Stock-Based Compensation	$705.0K
Deferred Income Tax	-$1M
Other Non-Cash Items	$12M
Change in Working Capital	$587.0K
OPERATING CASH FLOW	$22M
Capital Expenditure	-$1M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$11M
Other Investing Activities	-$104M
NET CASH FROM INVESTING	-$94M
Net Debt Issuance	-$13M
Common Stock Repurchased	-$7M
Common Dividends Paid	-$402.0K
Other Financing Activities	$101M
NET CASH FROM FINANCING	$80M
FREE CASH FLOW	$20M
Net Change in Cash	$8M

Balance Sheet

Item	Amount
Cash & Equivalents	$90M
Short-Term Investments	$102M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$192M
PP&E (Net)	$8M
Goodwill	$0
Intangible Assets	$2M
Long-Term Investments	$619M
Tax Assets	$0
Other Non-Current Assets	$29M
TOTAL NON-CURRENT ASSETS	$659M
TOTAL ASSETS	$851M
Account Payables	$0
Short-Term Debt	$12M
Deferred Revenue	$0
Other Current Liabilities	$675M
TOTAL CURRENT LIABILITIES	$687M
Long-Term Debt	$39M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$11M
TOTAL NON-CURRENT LIABILITIES	$51M
TOTAL LIABILITIES	$738M
Common Stock	$10M
Additional Paid-In Capital	$86M
Retained Earnings	$19M
Treasury Stock	$0
Accum. Other Comp. Income	-$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$113M
Minority Interest	$0
TOTAL EQUITY	$113M
TOTAL LIABILITIES & EQUITY	$851M
Total Debt	$53M
Net Debt	-$37M