RANDRand Capital Corporation

$36M

Q4 2017 Earnings

Financial Services Asset Management

Income Statement

Revenue

$1M+130.7% YoY

Gross Profit

$1M93.4% margin

Operating Income

$733,58962.7% margin

Net Income

$226,20919.3% margin

EPS (Diluted)

$0.32

QoQ Revenue Growth

+130.3%

Cash Flow

Operating Cash Flow

-$111,089

Free Cash Flow

-$111,089

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$40M

Total Liabilities

$8M

Stockholders' Equity

$32M

Cash & Equivalents

$6M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1M	$507,145	+130.7%
Gross Profit	$1M	$429,578	+154.3%
Operating Income	$733,589	-$5,199	+14210.2%
Net Income	$226,209	-$215,771	+204.8%

RAND Q4 2017 Earnings — Rand Capital Corporation Revenue & Financial Results | Market Cap Arena