PBHC FY 2023 Earnings Report — Pathfinder Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Pathfinder Bancorp, Inc.PBHC

FY 2023 Earnings

Reported March 22, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$72M	—	$56M	—	27.4%
Op. Income	$12M	—	$16M	—	-24.9%
Gross Margin	55.9%	—	77.9%	—	-22.0pp
Net Margin	12.9%	—	22.9%	—	-10.0pp
EPS (Diluted)	$1.51	—	$2.13	—	-29.1%
Free Cash Flow	$13M	—	$17M	—	-18.5%

Revenue Flow

Item	Amount
REVENUE	$72M
Cost of Revenue	$32M
GROSS PROFIT	$40M
R&D Expenses	$0
Selling & Marketing	$671.0K
General & Administrative	$17M
SG&A Expenses	$17M
Other Expenses	$11M
Operating Expenses	$28M
Cost & Expenses	$60M
OPERATING INCOME	$12M
Interest Income	$67M
Interest Expense	$29M
Other Income/Expenses	$0
INCOME BEFORE TAX	$12M
Income Tax Expense	$2M
Net Income from Continuing Ops	$9M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$9M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$7M
D&A	$1M
EBIT	$12M
EBITDA	$13M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$72M
Cost of Revenue	$32M
GROSS PROFIT	$40M
R&D Expenses	$0
Selling & Marketing	$671.0K
General & Administrative	$17M
SG&A Expenses	$17M
Other Expenses	$11M
Operating Expenses	$28M
Cost & Expenses	$60M
OPERATING INCOME	$12M
Interest Income	$67M
Interest Expense	$29M
Other Income/Expenses	$0
INCOME BEFORE TAX	$12M
Income Tax Expense	$2M
Net Income from Continuing Ops	$9M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$9M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$7M
D&A	$1M
EBIT	$12M
EBITDA	$13M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$9M
Depreciation & Amortization	$1M
Stock-Based Compensation	$462.0K
Deferred Income Tax	-$367.0K
Other Non-Cash Items	$4M
Change in Working Capital	$459.0K
OPERATING CASH FLOW	$15M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$114M
Sales/Maturities of Investments	$66M
Other Investing Activities	-$4M
NET CASH FROM INVESTING	-$55M
Net Debt Issuance	$60M
Common Stock Repurchased	$0
Common Dividends Paid	-$2M
Other Financing Activities	-$5M
NET CASH FROM FINANCING	$53M
FREE CASH FLOW	$13M
Net Change in Cash	$13M

Balance Sheet

Item	Amount
Cash & Equivalents	$49M
Short-Term Investments	$259M
Net Receivables	$7M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$315M
PP&E (Net)	$24M
Goodwill	$5M
Intangible Assets	$85.0K
Long-Term Investments	$1.1B
Tax Assets	$0
Other Non-Current Assets	$56M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$1.5B
Account Payables	$2M
Short-Term Debt	$126M
Deferred Revenue	$0
Other Current Liabilities	$1.1B
TOTAL CURRENT LIABILITIES	$1.2B
Long-Term Debt	$80M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$12M
TOTAL NON-CURRENT LIABILITIES	$98M
TOTAL LIABILITIES	$1.3B
Common Stock	$61.0K
Additional Paid-In Capital	$53M
Retained Earnings	$76M
Treasury Stock	$0
Accum. Other Comp. Income	-$10M
Other Equity	-$135.0K
TOTAL STOCKHOLDERS' EQUITY	$119M
Minority Interest	$761.0K
TOTAL EQUITY	$120M
TOTAL LIABILITIES & EQUITY	$1.5B
Total Debt	$212M
Net Debt	$163M