Community West Bancshares Financials

$9.8 M

Revenue Q2, 2017

$95.9 M

Mkt cap, 16-Feb-2018
Gross profit (Q2, 2017)8.7 M
Gross profit margin (Q2, 2017), %89%
Net income (Q2, 2017)1.6 M
EBIT (Q2, 2017)7.9 M
Cash, 30-Jun-201738 M

Financials

Market Value

Revenue/Financials

Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

27.9 m28 m30.2 m32.2 m

Revenue growth, %

0%8%7%

Cost of goods sold

4.3 m3.3 m2.5 m3.1 m

Gross profit

23.5 m24.7 m27.7 m29.1 m

Gross profit Margin, %

84%88%92%90%

Sales and marketing expense

14.4 m

R&D expense

793 k

Operating expense total

15.2 m

EBIT

29.9 m30 m29.1 m

EBIT margin, %

107%99%90%

Interest expense

23.5 m

Interest income

24.7 m27.7 m29.1 m

Pre tax profit

6.2 m12 m5 m8.8 m

Income tax expense

(2.8 m)4.9 m2.1 m3.6 m

Net Income

9 m7 m2.9 m5.2 m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

7.7 m7.5 m7.8 m7.5 m7.5 m8.4 m7.9 m8 m8.3 m9.1 m9.3 m9.8 m

Cost of goods sold

1 m879 k849 k835 k666 k584 k593 k723 k777 k807 k929 k1 m

Gross profit

6.7 m6.6 m6.9 m6.6 m6.8 m7.8 m7.3 m7.3 m7.5 m8.3 m8.4 m8.7 m

Gross profit Margin, %

86%88%89%89%91%93%93%91%91%91%90%89%

Sales and marketing expense

3.1 m3.2 m3.2 m2.9 m3.1 m3.2 m3.4 m3.5 m3.5 m3.8 m3.9 m3.8 m

R&D expense

128 k172 k109 k144 k119 k134 k135 k171 k169 k173 k168 k165 k

Operating expense total

5.6 m5.5 m3.3 m3 m3.2 m3.3 m3.5 m3.6 m3.7 m4 m4.1 m4 m

EBIT

6 m6.1 m6.3 m7.2 m7.3 m7.7 m7.2 m7 m6.8 m7.7 m7.6 m7.9 m

EBIT margin, %

78%81%81%97%98%91%91%87%83%85%82%81%

Pre tax profit

2.6 m2.4 m2.9 m2.9 m3 m2.7 m2.2 m2.4 m2.3 m2.6 m

Income tax expense

1 m1.2 m1.2 m1.3 m(1.6 m)1.2 m928 k782 k929 k992 k1.1 m

Net Income

2.6 m1.4 m1.7 m1.7 m1.8 m(2.3 m)1.6 m1.3 m1.1 m1.5 m1.4 m1.6 m

Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

19.5 m19 m35.5 m34.1 m

PP&E

3 m3.1 m3 m3.9 m

Total Assets

539 m557.3 m621.2 m710.6 m

Accounts Payable

612.2 m

Total Liabilities

645.2 m

Retained Earnings

12.1 m18 m19.7 m23.8 m

Total Equity

67.6 m67 m61.9 m65.3 m

Financial Leverage

8 x8.3 x10 x10.9 x

Quarterly

USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

23.3 m23.7 m28.9 m27.2 m17.7 m30.2 m38 m

PP&E

3 m3 m2.9 m2.9 m3.4 m4.6 m4.9 m

Total Assets

587.3 m601 m622.8 m642.6 m664.5 m748.3 m785 m

Accounts Payable

500.6 m526.8 m546.1 m565.2 m590.6 m640.1 m670.3 m

Total Liabilities

522.7 m535.1 m560.3 m579.4 m600.3 m681.7 m716.8 m

Retained Earnings

16.9 m18.1 m20.7 m21.5 m22.7 m24.9 m26.1 m

Total Equity

64.5 m65.9 m62.4 m63.2 m64.2 m66.6 m68.2 m

Financial Leverage

9.1 x9.1 x10 x10.2 x10.3 x11.2 x11.5 x

Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

9 m7 m2.9 m5.2 m

Depreciation and Amortization

300 k324 k399 k678 k

Cash From Operating Activities

11 m6.4 m7 m7.9 m

Cash From Investing Activities

(17.4 m)(16.8 m)(49.9 m)(93.5 m)

Cash From Financing Activities

(2.1 m)9.8 m59.4 m84.2 m

Interest Paid

4.6 m3.3 m2.4 m3.1 m

Income Taxes Paid

1.2 m3.1 m675 k5.3 m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

5.9 m1.4 m3.1 m4.9 m1.8 m(572 k)1 m1.3 m2.4 m3.9 m1.4 m2.9 m

Depreciation and Amortization

226 k75 k156 k238 k91 k187 k290 k149 k324 k486 k163 k351 k

Cash From Operating Activities

13.2 m162 k(3.8 m)4.8 m5.5 m(936 k)1.5 m3.6 m5.4 m4.4 m4.1 m4.8 m

Cash From Investing Activities

4.5 m(9.3 m)(12.7 m)(21.5 m)(1.3 m)(26.2 m)(39 m)(11 m)(33.2 m)(61.6 m)(43.7 m)(71.4 m)

Cash From Financing Activities

(3.1 m)8.7 m14.4 m26.6 m12.3 m31.5 m42.3 m752 k19.5 m39.3 m35.7 m70.5 m

Interest Paid

3.4 m762 k1.8 m2.5 m661 k1.3 m1.8 m657 k1.4 m2.2 m890 k1.9 m

Income Taxes Paid

462 k1.4 m2.3 m650 k650 k1.3 m3.6 m4.2 m2.4 m

Ratios

Y, 2017

Financial Leverage

11.5 x