NBN FY 2018 Earnings Report — Northeast Bank Revenue & Financial Results | Market Cap Arena

Northeast BankNBN

FY 2018 Earnings

Reported September 13, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$72M	—	$66M	—	8.6%
Op. Income	$23M	—	$20M	—	15.2%
Gross Margin	80.4%	—	82.3%	—	-1.8pp
Net Margin	22.6%	—	18.7%	—	3.9pp
EPS (Diluted)	$1.77	—	$1.38	—	28.3%
Free Cash Flow	$18M	—	$33M	—	-44.5%

Revenue Flow

Item	Amount
REVENUE	$72M
Cost of Revenue	$14M
GROSS PROFIT	$58M
R&D Expenses	$0
Selling & Marketing	$472.0K
General & Administrative	$22M
SG&A Expenses	$22M
Other Expenses	$12M
Operating Expenses	$34M
Cost & Expenses	$48M
OPERATING INCOME	$23M
Interest Income	$66M
Interest Expense	$13M
Other Income/Expenses	$0
INCOME BEFORE TAX	$23M
Income Tax Expense	$7M
Net Income from Continuing Ops	$16M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$16M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$16M
D&A	$2M
EBIT	$23M
EBITDA	$25M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$72M
Cost of Revenue	$14M
GROSS PROFIT	$58M
R&D Expenses	$0
Selling & Marketing	$472.0K
General & Administrative	$22M
SG&A Expenses	$22M
Other Expenses	$12M
Operating Expenses	$34M
Cost & Expenses	$48M
OPERATING INCOME	$23M
Interest Income	$66M
Interest Expense	$13M
Other Income/Expenses	$0
INCOME BEFORE TAX	$23M
Income Tax Expense	$7M
Net Income from Continuing Ops	$16M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$16M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$16M
D&A	$2M
EBIT	$23M
EBITDA	$25M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$16M
Depreciation & Amortization	$2M
Stock-Based Compensation	$870.0K
Deferred Income Tax	$498.0K
Other Non-Cash Items	-$4M
Change in Working Capital	$4M
OPERATING CASH FLOW	$19M
Capital Expenditure	-$981.0K
Acquisitions (Net)	$0
Purchases of Investments	-$26M
Sales/Maturities of Investments	$34M
Other Investing Activities	-$90M
NET CASH FROM INVESTING	-$84M
Net Debt Issuance	-$5M
Common Stock Repurchased	$0
Common Dividends Paid	-$355.0K
Other Financing Activities	$64M
NET CASH FROM FINANCING	$58M
FREE CASH FLOW	$18M
Net Change in Cash	-$6M

Balance Sheet

Item	Amount
Cash & Equivalents	$157M
Short-Term Investments	$81M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$238M
PP&E (Net)	$7M
Goodwill	$0
Intangible Assets	$4M
Long-Term Investments	$881M
Tax Assets	$0
Other Non-Current Assets	$28M
TOTAL NON-CURRENT ASSETS	$919M
TOTAL ASSETS	$1.2B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$955M
TOTAL CURRENT LIABILITIES	$955M
Long-Term Debt	$39M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$25M
TOTAL NON-CURRENT LIABILITIES	$64M
TOTAL LIABILITIES	$1.0B
Common Stock	$9M
Additional Paid-In Capital	$77M
Retained Earnings	$54M
Treasury Stock	$0
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$138M
Minority Interest	$0
TOTAL EQUITY	$138M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$40M
Net Debt	-$118M