PETS FY 2018 Earnings Report — PetMed Express, Inc. Revenue & Financial Results | Market Cap Arena

PetMed Express, Inc.PETS

FY 2018 Earnings

Reported May 29, 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	$274M	—	$249M	—	9.9%
Op. Income	$52M	—	$37M	—	39.1%
Gross Margin	35.7%	—	31.8%	—	3.9pp
Net Margin	13.6%	—	9.6%	—	4.1pp
EPS (Diluted)	$1.82	—	$1.17	—	55.6%
Free Cash Flow	$37M	—	$37M	—	0.2%

Revenue Flow

Item	Amount
REVENUE	$274M
Cost of Revenue	$176M
GROSS PROFIT	$98M
R&D Expenses	$0
Selling & Marketing	$19M
General & Administrative	$24M
SG&A Expenses	$44M
Other Expenses	$2M
Operating Expenses	$46M
Cost & Expenses	$222M
OPERATING INCOME	$52M
Interest Income	$658.0K
Interest Expense	$0
Other Income/Expenses	$2M
INCOME BEFORE TAX	$54M
Income Tax Expense	$17M
Net Income from Continuing Ops	$37M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$37M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$37M
D&A	$2M
EBIT	$54M
EBITDA	$54M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$274M
Cost of Revenue	$176M
GROSS PROFIT	$98M
R&D Expenses	$0
Selling & Marketing	$19M
General & Administrative	$24M
SG&A Expenses	$44M
Other Expenses	$2M
Operating Expenses	$46M
Cost & Expenses	$222M
OPERATING INCOME	$52M
Interest Income	$658.0K
Interest Expense	$0
Other Income/Expenses	$2M
INCOME BEFORE TAX	$54M
Income Tax Expense	$17M
Net Income from Continuing Ops	$37M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$37M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$37M
D&A	$2M
EBIT	$54M
EBITDA	$54M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$37M
Depreciation & Amortization	$2M
Stock-Based Compensation	$3M
Deferred Income Tax	-$92.0K
Other Non-Cash Items	$112.0K
Change in Working Capital	-$5M
OPERATING CASH FLOW	$37M
Capital Expenditure	-$703.0K
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$703.0K
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$17M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$17M
FREE CASH FLOW	$37M
Net Change in Cash	$19M

Balance Sheet

Item	Amount
Cash & Equivalents	$78M
Short-Term Investments	$0
Net Receivables	$2M
Inventory	$23M
Other Current Assets	$882.0K
TOTAL CURRENT ASSETS	$105M
PP&E (Net)	$29M
Goodwill	$0
Intangible Assets	$860.0K
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$30M
TOTAL ASSETS	$135M
Account Payables	$15M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$431.0K
TOTAL CURRENT LIABILITIES	$18M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$996.0K
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$996.0K
TOTAL LIABILITIES	$19M
Common Stock	$21.0K
Additional Paid-In Capital	$9M
Retained Earnings	$106M
Treasury Stock	$0
Accum. Other Comp. Income	-$6M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$116M
Minority Interest	$0
TOTAL EQUITY	$116M
TOTAL LIABILITIES & EQUITY	$135M
Total Debt	$0
Net Debt	-$78M