NBN FY 2019 Earnings Report — Northeast Bank Revenue & Financial Results | Market Cap Arena

Northeast BankNBN

FY 2019 Earnings

Reported June 30, 2019

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	$86M	—	$72M	—	20.2%
Op. Income	$20M	—	$23M	—	-15.4%
Gross Margin	75.8%	—	80.4%	—	-4.6pp
Net Margin	16.1%	—	22.6%	—	-6.5pp
EPS (Diluted)	$1.52	—	$1.77	—	-14.1%
Free Cash Flow	$18M	—	$18M	—	0.0%

Revenue Flow

Item	Amount
REVENUE	$86M
Cost of Revenue	$21M
GROSS PROFIT	$65M
R&D Expenses	$0
Selling & Marketing	$580.0K
General & Administrative	$24M
SG&A Expenses	$24M
Other Expenses	$21M
Operating Expenses	$46M
Cost & Expenses	$66M
OPERATING INCOME	$20M
Interest Income	$82M
Interest Expense	$20M
Other Income/Expenses	$0
INCOME BEFORE TAX	$20M
Income Tax Expense	$6M
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	$20M
EBITDA	$21M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$86M
Cost of Revenue	$21M
GROSS PROFIT	$65M
R&D Expenses	$0
Selling & Marketing	$580.0K
General & Administrative	$24M
SG&A Expenses	$24M
Other Expenses	$21M
Operating Expenses	$46M
Cost & Expenses	$66M
OPERATING INCOME	$20M
Interest Income	$82M
Interest Expense	$20M
Other Income/Expenses	$0
INCOME BEFORE TAX	$20M
Income Tax Expense	$6M
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	$20M
EBITDA	$21M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$14M
Depreciation & Amortization	$2M
Stock-Based Compensation	$1M
Deferred Income Tax	-$4M
Other Non-Cash Items	$4M
Change in Working Capital	$1M
OPERATING CASH FLOW	$19M
Capital Expenditure	-$297.0K
Acquisitions (Net)	$0
Purchases of Investments	-$33M
Sales/Maturities of Investments	$39M
Other Investing Activities	-$95M
NET CASH FROM INVESTING	-$89M
Net Debt Issuance	-$282.0K
Common Stock Repurchased	$0
Common Dividends Paid	-$359.0K
Other Financing Activities	-$13M
NET CASH FROM FINANCING	-$30M
FREE CASH FLOW	$18M
Net Change in Cash	-$100M

Balance Sheet

Item	Amount
Cash & Equivalents	$57M
Short-Term Investments	$76M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$133M
PP&E (Net)	$6M
Goodwill	$0
Intangible Assets	$3M
Long-Term Investments	$980M
Tax Assets	$0
Other Non-Current Assets	$32M
TOTAL NON-CURRENT ASSETS	$1.0B
TOTAL ASSETS	$1.2B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$942M
TOTAL CURRENT LIABILITIES	$942M
Long-Term Debt	$30M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$28M
TOTAL NON-CURRENT LIABILITIES	$58M
TOTAL LIABILITIES	$1.0B
Common Stock	$9M
Additional Paid-In Capital	$78M
Retained Earnings	$68M
Treasury Stock	$0
Accum. Other Comp. Income	-$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$154M
Minority Interest	$0
TOTAL EQUITY	$154M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$30M
Net Debt	-$27M