$182.4 M

MFNC Mkt cap, 18-Jul-2018
Mackinac Financial Net income (FY, 2017)5.5 M
Mackinac Financial EBIT (FY, 2017)37.3 M
Mackinac Financial Cash, 31-Dec-201737.4 M

Mackinac Financial Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

25.5 m27.7 m33.5 m42.1 m

Revenue growth, %

8%21%26%

Cost of goods sold

4.1 m4.1 m4.4 m4.9 m6.4 m

Gross profit

21.4 m23.5 m29.1 m37.3 m

Gross profit Margin, %

84%85%87%88%

Sales and marketing expense

15.2 m711 k

R&D expense

1.6 m2 m

Operating expense total

16.9 m2.7 m

EBIT

19.7 m22.3 m27.9 m32.5 m37.3 m

EBIT margin, %

77%81%83%77%

Pre tax profit

5.5 m2.8 m7.9 m6.8 m11 m

Income tax expense

2.3 m2.3 m5.5 m

Net Income

5.9 m1.7 m5.6 m4.5 m5.5 m

Quarterly

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

Revenue

7.1 m7.3 m7.3 m7.7 m9.3 m9.4 m9.2 m8.9 m10 m11.5 m11.4 m11.7 m

Cost of goods sold

1 m1 m1 m1 m1.1 m1.1 m1.2 m1 m1.1 m1.3 m1.4 m1.5 m1.7 m

Gross profit

6.1 m6.3 m6.3 m6.7 m8.1 m8.4 m8 m7.9 m8.9 m10.2 m9.9 m10.1 m

Gross profit Margin, %

85%86%86%86%88%88%87%89%89%89%87%87%

Sales and marketing expense

2.3 m2.6 m2.6 m2.6 m3.2 m3 m3.3 m3.5 m3.7 m3.8 m3.9 m3.8 m3.9 m

R&D expense

269 k286 k288 k288 k355 k359 k327 k345 k333 k440 k461 k489 k533 k

Operating expense total

2.6 m2.9 m2.9 m2.9 m3.5 m3.4 m3.6 m3.9 m4 m4.3 m4.4 m4.3 m4.5 m

Depreciation and amortization

1.8 m

EBIT

5 m5.4 m5.5 m5.7 m7.2 m6.8 m6.9 m7.3 m7.8 m8.5 m9 m9.3 m9.8 m

EBIT margin, %

70%74%75%74%78%72%75%82%79%74%79%79%

Pre tax profit

1.4 m994 k1.2 m1.3 m2.1 m2.5 m1.5 m1.7 m(151 k)2.7 m2.6 m2.5 m3 m

Income tax expense

456 k334 k414 k712 k836 k526 k585 k(26 k)922 k889 k867 k925 k

Net Income

896 k660 k806 k886 k1.4 m1.7 m1.7 m2.1 m

Mackinac Financial Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

18.2 m21.9 m25 m46.8 m37.4 m

Accounts Receivable

Inventories

PP&E

10.2 m12.7 m12.5 m15.9 m16.3 m

Goodwill

3.8 m3.8 m5.7 m5.7 m

Total Assets

572.8 m743.8 m739.3 m983.5 m985.4 m

Accounts Payable

823.5 m818 m

Short-term debt

Long-term debt

Total Liabilities

904.9 m904 m

Retained Earnings

11.4 m11.8 m15.2 m17.2 m19.7 m

Total Equity

65.2 m74 m76.6 m78.6 m81.4 m

Financial Leverage

8.8 x10.1 x9.7 x12.5 x12.1 x

Quarterly

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

Cash

22.8 m24.8 m20.7 m22.4 m24.2 m16.7 m38.6 m18 m40.2 m48.6 m41.2 m89 m57.7 m

PP&E

10.5 m9.8 m9.8 m9.8 m12.6 m12.6 m12.7 m12.5 m14.7 m16 m16 m16.7 m16.6 m

Goodwill

3.8 m3.8 m3.8 m3.8 m5.2 m5.7 m5.7 m5.7 m5.7 m

Total Assets

567.9 m583.6 m595.9 m613.9 m728.8 m735.3 m755 m732.9 m892.3 m959.1 m976.6 m1 b1 b

Accounts Payable

461.7 m475.7 m484 m491.2 m597.9 m588.8 m622.3 m593 m738.4 m807.2 m821.8 m848.2 m

Total Liabilities

500.9 m517.9 m529.4 m546.8 m653.8 m659.6 m678.9 m655.5 m815.2 m880.8 m896.6 m946.1 m932.4 m

Retained Earnings

8.8 m11.8 m12.3 m12.9 m12.7 m13.9 m14.2 m15.7 m15 m16.1 m18.2 m19.1 m20.4 m

Total Equity

67 m65.7 m66.5 m67.1 m75 m75.7 m76.1 m77.4 m77.1 m78.3 m80 m81.3 m82.6 m

Financial Leverage

8.5 x8.9 x9 x9.1 x9.7 x9.7 x9.9 x9.5 x11.6 x12.3 x12.2 x12.6 x12.3 x

Mackinac Financial Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

5.9 m1.7 m5.6 m4.5 m5.5 m

Depreciation and Amortization

1.7 m1.5 m1.7 m1.9 m2.4 m

Accounts Receivable

Inventories

Accounts Payable

Cash From Operating Activities

9.3 m8.4 m13.1 m377 k15.7 m

Cash From Investing Activities

(39 m)(55 m)(6 m)(42.3 m)(22.5 m)

Cash From Financing Activities

20.9 m50.3 m(4 m)63.7 m(2.6 m)

Interest Paid

4.2 m4.1 m4.4 m4.8 m6.4 m

Income Taxes Paid

149 k100 k150 k1.1 m1.1 m

Free Cash Flow

10.8 m9.9 m14.4 m(1.8 m)13.4 m

Quarterly

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

Net Income

896 k660 k806 k2.4 m1.4 m3 m4 m1.1 m1 m2.8 m1.7 m3.4 m

Depreciation and Amortization

1.1 m414 k841 k1.3 m395 k825 k1.3 m572 k1.2 m

Cash From Operating Activities

5.4 m5.6 m7.8 m10.3 m1.3 m14.8 m17.6 m2.5 m6.6 m

Cash From Investing Activities

(39.7 m)6.5 m(8.2 m)(6.5 m)(923 k)(35.6 m)(36.1 m)(1.3 m)(6 m)

Cash From Financing Activities

38.5 m(9.8 m)(5 m)12.7 m(7.4 m)36 m42.1 m(6.7 m)41.7 m

Interest Paid

3.1 m1.1 m2.2 m3.3 m1 m2 m3.3 m1.4 m3 m

Income Taxes Paid

75 k25 k150 k150 k50 k100 k100 k50 k100 k

Free Cash Flow

4.3 m5.3 m7.2 m9.2 m945 k13.8 m15.8 m2 m4.9 m

Mackinac Financial Ratios

USDY, 2017

Financial Leverage

12.1 x
Report incorrect company information