NECB FY 2022 Earnings Report — Northeast Community Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Northeast Community Bancorp, Inc.NECB

FY 2022 Earnings

Reported March 30, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$74M	—	$51M	—	45.0%
Op. Income	$34M	—	$16M	—	121.1%
Gross Margin	88.4%	—	82.8%	—	5.5pp
Net Margin	33.8%	—	23.5%	—	10.3pp
EPS (Diluted)	$1.58	—	$0.75	—	110.7%
Free Cash Flow	$24M	—	$15M	—	60.4%

Revenue Flow

Item	Amount
REVENUE	$74M
Cost of Revenue	$9M
GROSS PROFIT	$65M
R&D Expenses	$0
Selling & Marketing	$299.0K
General & Administrative	$17M
SG&A Expenses	$17M
Other Expenses	$13M
Operating Expenses	$31M
Cost & Expenses	$39M
OPERATING INCOME	$34M
Interest Income	$72M
Interest Expense	$8M
Other Income/Expenses	$0
INCOME BEFORE TAX	$34M
Income Tax Expense	$10M
Net Income from Continuing Ops	$25M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$25M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$25M
D&A	$1M
EBIT	$34M
EBITDA	$36M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$74M
Cost of Revenue	$9M
GROSS PROFIT	$65M
R&D Expenses	$0
Selling & Marketing	$299.0K
General & Administrative	$17M
SG&A Expenses	$17M
Other Expenses	$13M
Operating Expenses	$31M
Cost & Expenses	$39M
OPERATING INCOME	$34M
Interest Income	$72M
Interest Expense	$8M
Other Income/Expenses	$0
INCOME BEFORE TAX	$34M
Income Tax Expense	$10M
Net Income from Continuing Ops	$25M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$25M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$25M
D&A	$1M
EBIT	$34M
EBITDA	$36M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$25M
Depreciation & Amortization	$1M
Stock-Based Compensation	$1M
Deferred Income Tax	-$1M
Other Non-Cash Items	$3M
Change in Working Capital	-$1M
OPERATING CASH FLOW	$28M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$10M
Sales/Maturities of Investments	$1M
Other Investing Activities	-$245M
NET CASH FROM INVESTING	-$257M
Net Debt Issuance	-$7M
Common Stock Repurchased	-$9M
Common Dividends Paid	-$7M
Other Financing Activities	$195M
NET CASH FROM FINANCING	$172M
FREE CASH FLOW	$24M
Net Change in Cash	-$57M

Balance Sheet

Item	Amount
Cash & Equivalents	$95M
Short-Term Investments	$1.0K
Net Receivables	$9M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$104M
PP&E (Net)	$29M
Goodwill	$200.0K
Intangible Assets	$0
Long-Term Investments	$1.3B
Tax Assets	$0
Other Non-Current Assets	$35M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$1.4B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$1.1B
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$21M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$17M
TOTAL NON-CURRENT LIABILITIES	$41M
TOTAL LIABILITIES	$1.2B
Common Stock	$161.0K
Additional Paid-In Capital	$136M
Retained Earnings	$133M
Treasury Stock	$0
Accum. Other Comp. Income	$156.0K
Other Equity	-$7M
TOTAL STOCKHOLDERS' EQUITY	$262M
Minority Interest	$0
TOTAL EQUITY	$262M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$24M
Net Debt	-$72M