NECB FY 2021 Earnings Report — Northeast Community Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Northeast Community Bancorp, Inc.NECB

FY 2021 Earnings

Reported March 30, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$51M	—	$52M	—	-1.6%
Op. Income	$16M	—	$16M	—	-0.2%
Gross Margin	82.8%	—	79.1%	—	3.8pp
Net Margin	23.5%	—	23.9%	—	-0.5pp
EPS (Diluted)	$0.75	—	$0.76	—	-1.3%
Free Cash Flow	$15M	—	$14M	—	4.9%

Revenue Flow

Item	Amount
REVENUE	$51M
Cost of Revenue	$9M
GROSS PROFIT	$42M
R&D Expenses	$0
Selling & Marketing	$139.0K
General & Administrative	$18M
SG&A Expenses	$18M
Other Expenses	$9M
Operating Expenses	$26M
Cost & Expenses	$35M
OPERATING INCOME	$16M
Interest Income	$48M
Interest Expense	$5M
Other Income/Expenses	$0
INCOME BEFORE TAX	$16M
Income Tax Expense	$4M
Net Income from Continuing Ops	$12M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$12M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$12M
D&A	$1M
EBIT	$16M
EBITDA	$17M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$51M
Cost of Revenue	$9M
GROSS PROFIT	$42M
R&D Expenses	$0
Selling & Marketing	$139.0K
General & Administrative	$18M
SG&A Expenses	$18M
Other Expenses	$9M
Operating Expenses	$26M
Cost & Expenses	$35M
OPERATING INCOME	$16M
Interest Income	$48M
Interest Expense	$5M
Other Income/Expenses	$0
INCOME BEFORE TAX	$16M
Income Tax Expense	$4M
Net Income from Continuing Ops	$12M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$12M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$12M
D&A	$1M
EBIT	$16M
EBITDA	$17M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$12M
Depreciation & Amortization	$1M
Stock-Based Compensation	$931.0K
Deferred Income Tax	$118.0K
Other Non-Cash Items	$3M
Change in Working Capital	$4M
OPERATING CASH FLOW	$22M
Capital Expenditure	-$6M
Acquisitions (Net)	$0
Purchases of Investments	-$25M
Sales/Maturities of Investments	$5M
Other Investing Activities	-$152M
NET CASH FROM INVESTING	-$179M
Net Debt Issuance	-$8M
Common Stock Repurchased	$0
Common Dividends Paid	-$2M
Other Financing Activities	$155M
NET CASH FROM FINANCING	$240M
FREE CASH FLOW	$15M
Net Change in Cash	$83M

Balance Sheet

Item	Amount
Cash & Equivalents	$152M
Short-Term Investments	$1.0K
Net Receivables	$4M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$157M
PP&E (Net)	$27M
Goodwill	$651.0K
Intangible Assets	$0
Long-Term Investments	$1.0B
Tax Assets	$0
Other Non-Current Assets	$35M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$1.2B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$927M
TOTAL CURRENT LIABILITIES	$927M
Long-Term Debt	$28M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$15M
TOTAL NON-CURRENT LIABILITIES	$47M
TOTAL LIABILITIES	$974M
Common Stock	$164.0K
Additional Paid-In Capital	$145M
Retained Earnings	$114M
Treasury Stock	$0
Accum. Other Comp. Income	-$139.0K
Other Equity	-$8M
TOTAL STOCKHOLDERS' EQUITY	$251M
Minority Interest	$0
TOTAL EQUITY	$251M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$31M
Net Debt	-$121M