Community West Bancshares (CWBC) Financials
$11.407
$93.7 M
Mkt cap, 22-May-2018$10.6 M
Revenue Q1, 2018Gross profit (Q1, 2018)9 M
Gross profit margin (Q1, 2018), %84.6%
Net income (Q1, 2018)1.8 M
EBIT (Q1, 2018)8.5 M
Cash, 31-Mar-201868.8 M
Revenue/Financials
Income Statement
Annual
| USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Revenue | 27.9 m | 28 m | 30.2 m | 32.2 m |
Revenue growth, % | 0% | 8% | 7% | |
Cost of goods sold | 4.3 m | 3.3 m | 2.5 m | 3.1 m |
Gross profit | 23.5 m | 24.7 m | 27.7 m | 29.1 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 m | 30 m | 29.1 m | |
EBIT margin, % | 107% | 99% | 90% | |
Interest expense | 23.5 m | |||
Interest income | 24.7 m | 27.7 m | 29.1 m | |
Pre tax profit | 6.2 m | 12 m | 5 m | 8.8 m |
Income tax expense | (2.8 m) | 4.9 m | 2.1 m | 3.6 m |
Net Income | 9 m | 7 m | 2.9 m | 5.2 m |
Quarterly
| USD | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q1, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 7.7 m | 7.5 m | 7.8 m | 7.5 m | 7.5 m | 8.4 m | 7.9 m | 8 m | 8.3 m | 9.1 m | 9.3 m | 9.8 m | 10.6 m |
Cost of goods sold | 1 m | 879 k | 849 k | 835 k | 666 k | 584 k | 593 k | 723 k | 777 k | 807 k | 929 k | 1 m | 1.6 m |
Gross profit | 6.7 m | 6.6 m | 6.9 m | 6.6 m | 6.8 m | 7.8 m | 7.3 m | 7.3 m | 7.5 m | 8.3 m | 8.4 m | 8.7 m | 9 m |
Gross profit Margin, % | 86% | 88% | 89% | 89% | 91% | 93% | 93% | 91% | 91% | 91% | 90% | 89% | 85% |
Sales and marketing expense | 3.1 m | 3.2 m | 3.2 m | 2.9 m | 3.1 m | 3.2 m | 3.4 m | 3.5 m | 3.5 m | 3.8 m | 3.9 m | 3.8 m | |
R&D expense | 128 k | 172 k | 109 k | 144 k | 119 k | 134 k | 135 k | 171 k | 169 k | 173 k | 168 k | 165 k | 212 k |
Operating expense total | 5.6 m | 5.5 m | 3.3 m | 3 m | 3.2 m | 3.3 m | 3.5 m | 3.6 m | 3.7 m | 4 m | 4.1 m | 4 m | 212 k |
Depreciation and amortization | 167 k | ||||||||||||
EBIT | 6 m | 6.1 m | 6.3 m | 7.2 m | 7.3 m | 7.7 m | 7.2 m | 7 m | 6.8 m | 7.7 m | 7.6 m | 7.9 m | 8.5 m |
EBIT margin, % | 78% | 81% | 81% | 97% | 98% | 91% | 91% | 87% | 83% | 85% | 82% | 81% | 80% |
Pre tax profit | 2.6 m | 2.4 m | 2.9 m | 2.9 m | 3 m | 2.7 m | 2.2 m | 2.4 m | 2.3 m | 2.6 m | 2.6 m | ||
Income tax expense | 1 m | 1.2 m | 1.2 m | 1.3 m | (1.6 m) | 1.2 m | 928 k | 782 k | 929 k | 992 k | 1.1 m | 786 k | |
Net Income | 2.6 m | 1.4 m | 1.7 m | 1.7 m | 1.8 m | (2.3 m) | 1.6 m | 1.3 m | 1.1 m | 1.5 m | 1.4 m | 1.6 m | 1.8 m |
Balance Sheet
Annual
| USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Cash | 19.5 m | 19 m | 35.5 m | 34.1 m |
PP&E | 3 m | 3.1 m | 3 m | 3.9 m |
Total Assets | 539 m | 557.3 m | 621.2 m | 710.6 m |
Accounts Payable | 612.2 m | |||
Total Liabilities | 645.2 m | |||
Retained Earnings | 12.1 m | 18 m | 19.7 m | 23.8 m |
Total Equity | 67.6 m | 67 m | 61.9 m | 65.3 m |
Financial Leverage | 8 x | 8.3 x | 10 x | 10.9 x |
Quarterly
| USD | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q1, 2018 |
|---|---|---|---|---|---|---|---|---|
Cash | 23.3 m | 23.7 m | 28.9 m | 27.2 m | 17.7 m | 30.2 m | 38 m | 68.8 m |
PP&E | 3 m | 3 m | 2.9 m | 2.9 m | 3.4 m | 4.6 m | 4.9 m | 5.7 m |
Total Assets | 587.3 m | 601 m | 622.8 m | 642.6 m | 664.5 m | 748.3 m | 785 m | 865.7 m |
Accounts Payable | 500.6 m | 526.8 m | 546.1 m | 565.2 m | 590.6 m | 640.1 m | 670.3 m | 710 m |
Total Liabilities | 522.7 m | 535.1 m | 560.3 m | 579.4 m | 600.3 m | 681.7 m | 716.8 m | 794 m |
Retained Earnings | 16.9 m | 18.1 m | 20.7 m | 21.5 m | 22.7 m | 24.9 m | 26.1 m | 29 m |
Total Equity | 64.5 m | 65.9 m | 62.4 m | 63.2 m | 64.2 m | 66.6 m | 68.2 m | 71.7 m |
Financial Leverage | 9.1 x | 9.1 x | 10 x | 10.2 x | 10.3 x | 11.2 x | 11.5 x | 12.1 x |
Cash Flow
Annual
| USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Net Income | 9 m | 7 m | 2.9 m | 5.2 m |
Depreciation and Amortization | 300 k | 324 k | 399 k | 678 k |
Cash From Operating Activities | 11 m | 6.4 m | 7 m | 7.9 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 m | 59.4 m | 84.2 m |
Interest Paid | 4.6 m | 3.3 m | 2.4 m | 3.1 m |
Income Taxes Paid | 1.2 m | 3.1 m | 675 k | 5.3 m |
Quarterly
| USD | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q1, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 5.9 m | 1.4 m | 3.1 m | 4.9 m | 1.8 m | (572 k) | 1 m | 1.3 m | 2.4 m | 3.9 m | 1.4 m | 2.9 m | 1.8 m |
Depreciation and Amortization | 226 k | 75 k | 156 k | 238 k | 91 k | 187 k | 290 k | 149 k | 324 k | 486 k | 163 k | 351 k | 167 k |
Cash From Operating Activities | 13.2 m | 162 k | (3.8 m) | 4.8 m | 5.5 m | (936 k) | 1.5 m | 3.6 m | 5.4 m | 4.4 m | 4.1 m | 4.8 m | 5 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) | (12.2 m) |
Cash From Financing Activities | (3.1 m) | 8.7 m | 14.4 m | 26.6 m | 12.3 m | 31.5 m | 42.3 m | 752 k | 19.5 m | 39.3 m | 35.7 m | 70.5 m | 30.1 m |
Interest Paid | 3.4 m | 762 k | 1.8 m | 2.5 m | 661 k | 1.3 m | 1.8 m | 657 k | 1.4 m | 2.2 m | 890 k | 1.9 m | 219 k |
Income Taxes Paid | 462 k | 1.4 m | 2.3 m | 650 k | 650 k | 1.3 m | 3.6 m | 4.2 m | 2.4 m |
Ratios
| USD | Y, 2018 |
|---|---|
Financial Leverage | 12.1 x |
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