Mackinac Financial (MFNC) stock price, revenue, and financials

Mackinac Financial market cap is $141.5 m, and annual revenue was $1.59 m in FY 2019
View Company

$141.5 M

MFNC Mkt cap, 15-Jan-2021

$237 K

Mackinac Financial Revenue Q2, 2020
Mackinac Financial Net income (Q2, 2020)3.5 M
Mackinac Financial Cash, 30-Jun-2020126.4 M
Mackinac Financial EV129.5 M

Mackinac Financial Income Statement

Annual

USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

3.7m4.0m3.9m3.1m3.9m4.2m4.0m1.4m1.6m

Revenue growth, %

8%21%26%

Sales and marketing expense

351.0k376.0k436.0k449.0k507.0k620.0k711.0k905.0k889.0k

R&D expense

761.0k991.0k1.1m1.2m1.4m1.6m2.0m2.5m2.7m

Operating expense total

1.1m1.4m1.5m1.6m1.9m2.2m2.7m3.4m3.6m

Interest expense

5.1m4.6m4.1m4.1m4.4m4.9m6.4m8.2m10.5m

Pre tax profit

3.3m6.2m5.5m2.8m7.9m6.8m11.0m10.6m17.7m

Income tax expense

1.1m(922.0k)(403.0k)1.1m2.3m2.3m5.5m2.2m3.9m

Net Income

2.2m7.1m5.9m1.7m5.6m4.5m5.5m8.4m13.9m

Quarterly

USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

1.3m1.0m606.0k1.3m1.1m758.0k1.3m738.0k691.0k650.0k768.0k624.0k1.4m773.0k627.0k10.0m1.5m776.0k795.0k1.2m614.0k863.0k1.3m406.0k408.0k383.0k403.0k237.0k

Cost of goods sold

1.1m

Gross profit

8.9m

Gross profit Margin, %

89%

Sales and marketing expense

111.0k93.0k98.0k98.0k96.0k104.0k111.0k119.0k107.0k123.0k114.0k126.0k120.0k153.0k156.0k3.7m157.0k123.0k174.0k227.0k195.0k192.0k258.0k309.0k214.0k203.0k212.0k312.0k

R&D expense

179.0k177.0k228.0k258.0k253.0k265.0k268.0k269.0k286.0k288.0k288.0k355.0k359.0k327.0k345.0k333.0k440.0k461.0k489.0k533.0k504.0k586.0k720.0k709.0k708.0k785.0k825.0k852.0k

Operating expense total

290.0k270.0k326.0k356.0k349.0k369.0k379.0k388.0k393.0k411.0k402.0k481.0k479.0k480.0k501.0k4.0m597.0k584.0k663.0k760.0k699.0k778.0k978.0k1.0m922.0k988.0k1.0m1.2m

EBIT

7.8m

EBIT margin, %

79%

Interest expense

1.4m1.2m1.1m1.2m1.2m1.0m1.1m1.0m1.0m1.0m1.0m1.1m1.1m1.2m1.0m1.3m1.4m1.5m1.7m1.7m2.1m2.1m2.6m2.8m2.7m2.3m2.0m

Pre tax profit

1.2m1.4m1.0m2.0m1.6m1.2m1.9m1.4m994.0k1.2m1.3m2.1m2.5m1.5m1.7m(151.0k)2.7m2.6m2.5m3.0m1.9m499.0k3.9m4.0m4.6m4.7m3.9m4.4m

Income tax expense

402.0k455.0k349.0k(2.3m)528.0k415.0k637.0k456.0k334.0k414.0k455.0k712.0k836.0k526.0k585.0k(26.0k)922.0k889.0k867.0k925.0k408.0k103.0k820.0k842.0k975.0k989.0k811.0k919.0k

Net Income

795.0k900.0k691.0k4.3m1.0m813.0k1.3m896.0k660.0k806.0k886.0k1.4m1.6m1.0m1.1m1.8m1.7m1.7m2.1m1.5m396.0k3.1m3.2m3.7m3.7m3.1m3.5m

Mackinac Financial Balance Sheet

Annual

USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

34.1m27.0m18.2m21.9m25.0m46.8m37.4m64.2m49.8m

Accounts Receivable

396.0m444.0m479.2m595.8m613.4m806.0m1.0b1.1b

PP&E

9.6m10.6m10.2m12.7m12.5m15.9m16.3m22.8m23.6m

Goodwill

3.8m3.8m5.7m5.7m22.0m19.6m

Total Assets

498.3m546.0m572.8m743.8m739.3m983.5m985.4m1.3b1.3b

Accounts Payable

823.5m

Short-term debt

10.1m16.3m

Long-term debt

35.9m37.9m49.8m45.8m79.6m57.5m64.6m

Total Debt

46.0m49.8m79.6m73.8m64.6m

Total Liabilities

443.0m473.5m507.6m669.8m662.7m904.9m904.0m1.2b1.2b

Common Stock

43.5m5.6m5.5m6.3m6.2m6.3m10.7m10.7m

Preferred Stock

10.9m11.0m

Additional Paid-in Capital

53.6m61.7m61.1m62.0m129.1m129.6m

Retained Earnings

492.0k6.7m11.4m11.8m15.2m17.2m19.7m23.5m31.7m

Total Equity

55.3m72.4m65.2m74.0m76.6m78.6m81.4m152.1m161.9m

Debt to Equity Ratio

0.6 x0.7 x1 x0.5 x

Debt to Assets Ratio

0.1 x0.1 x0.1 x0.1 x

Financial Leverage

9 x7.5 x8.8 x10.1 x9.7 x12.5 x12.1 x8.7 x8.2 x

Quarterly

USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

34.3m42.1m30.9m33.2m47.4m12.6m26.2m22.8m24.8m20.7m22.4m24.2m16.7m38.6m18.0m40.2m48.6m41.2m89.0m57.7m40.4m64.9m60.6m57.0m60.7m66.7m97.0m126.4m

Accounts Receivable

388.7m386.1m409.0m414.4m428.8m449.0m450.4m467.5m481.0m497.8m513.1m592.2m609.6m614.1m613.8m720.9m751.9m781.4m785.6m803.0m807.3m998.2m988.6m1.0b1.1b1.1b1.0b1.1b

PP&E

9.6m9.5m9.8m10.1m10.7m10.6m10.5m10.5m9.8m9.8m9.8m12.6m12.6m12.7m12.5m14.7m16.0m16.0m16.7m16.6m16.3m21.8m21.8m23.5m23.2m23.7m24.5m25.4m

Goodwill

3.8m3.8m3.8m3.8m5.2m5.7m5.7m5.7m5.7m5.7m20.4m20.4m19.2m19.6m19.6m19.6m19.6m

Total Assets

492.4m498.6m506.5m524.4m551.1m541.9m553.5m567.9m583.6m595.9m613.9m728.8m735.3m755.0m732.9m892.3m959.1m976.6m1.0b1.0b983.9m1.3b1.3b1.3b1.3b1.4b1.4b1.5b

Long-term debt

36.1m36.0m36.0m36.0m35.9m40.9m35.9m35.9m38.9m42.1m44.9m49.8m49.5m49.6m46.5m70.6m67.7m66.3m92.0m91.4m80.0m91.7m58.2m46.9m46.2m70.1m67.1m114.5m

Total Debt

36.1m36.0m36.0m36.0m35.9m40.9m35.9m35.9m38.9m42.1m44.9m49.8m49.5m49.6m46.5m70.6m67.7m66.3m92.0m91.4m80.0m91.7m58.2m46.9m46.2m70.1m67.1m114.5m

Total Liabilities

437.6m443.1m450.4m464.0m478.2m468.9m487.0m500.9m517.9m529.4m546.8m653.8m659.6m678.9m655.5m815.2m880.8m896.6m946.1m932.4m902.1m1.1b1.1b1.2b1.2b1.2b1.2b1.4b

Common Stock

43.5m43.5m43.5m3.4m5.6m5.6m5.6m5.6m5.5m5.5m5.6m6.3m6.2m6.2m6.2m6.2m6.3m6.3m6.3m6.3m6.3m10.7m10.5m10.5m

Preferred Stock

10.8m10.9m11.0m11.0m11.0m11.0m4.0m4.0m

Additional Paid-in Capital

53.9m53.6m53.7m53.8m61.6m61.5m61.3m61.2m61.3m61.4m61.7m61.8m61.9m62.1m128.9m129.0m129.2m129.3m129.3m127.0m127.2m

Retained Earnings

(102.0k)607.0k990.0k5.1m6.0m7.2m8.2m8.8m11.8m12.3m12.9m12.7m13.9m14.2m15.7m15.0m16.1m18.2m19.1m20.4m20.5m19.6m21.4m25.3m27.7m29.9m33.3m35.3m

Total Equity

54.8m55.5m56.1m60.4m72.9m73.0m66.5m67.0m65.7m66.5m67.1m75.0m75.7m76.1m77.4m77.1m78.3m80.0m81.3m82.6m81.9m148.9m149.4m154.7m157.8m160.2m160.1m164.2m

Debt to Equity Ratio

0.7 x0.6 x0.6 x0.6 x0.5 x0.6 x0.5 x0.5 x0.6 x0.6 x0.7 x0.7 x0.7 x0.7 x0.6 x0.9 x0.9 x0.8 x1.1 x1.1 x1 x0.6 x0.4 x0.3 x0.3 x

Debt to Assets Ratio

0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0 x0 x0 x

Financial Leverage

9 x9 x9 x8.7 x7.6 x7.4 x8.3 x8.5 x8.9 x9 x9.1 x9.7 x9.7 x9.9 x9.5 x11.6 x12.3 x12.2 x12.6 x12.3 x12 x8.6 x8.4 x8.5 x8.4 x8.5 x8.5 x9.3 x

Mackinac Financial Cash Flow

Annual

USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

2.2m7.1m5.9m1.7m5.6m4.5m5.5m8.4m13.9m

Depreciation and Amortization

1.4m1.5m1.7m1.5m1.7m1.9m2.4m2.6m2.9m

Cash From Operating Activities

1.9m10.0m9.3m8.4m13.1m377.0k15.7m20.6m7.6m

Purchases of PP&E

(1.0m)(2.1m)(1.5m)(1.4m)(1.3m)(2.1m)(2.4m)(2.5m)(2.7m)

Cash From Investing Activities

(19.9m)(56.2m)(39.0m)(55.0m)(6.0m)(42.3m)(22.5m)65.5m(4.8m)

Short-term Borrowings

750.0k

Long-term Borrowings

(72.0k)(72.0k)(73.0k)(373.0k)(725.0k)(174.0k)(12.3m)(62.7m)(18.0m)

Dividends Paid

(551.0k)(223.0k)(944.0k)(1.3m)(2.2m)(2.5m)(3.0m)(4.6m)(5.6m)

Cash From Financing Activities

17.4m39.1m20.9m50.3m(4.0m)63.7m(2.6m)(59.4m)(17.1m)

Net Change in Cash

(649.0k)(7.1m)(8.7m)3.7m3.1m21.7m(9.3m)26.7m(14.3m)

Interest Paid

4.7m4.2m4.2m4.1m4.4m4.8m6.4m8.2m10.3m

Income Taxes Paid

75.0k125.0k149.0k100.0k150.0k1.1m1.1m1.6m1.5m

Quarterly

USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

1.2m2.1m691.0k5.0m6.0m813.0k2.1m3.0m660.0k1.5m2.4m1.4m3.0m4.0m1.1m1.0m2.8m1.7m3.4m5.5m1.5m1.9m5.0m3.2m6.8m10.6m3.1m6.5m

Depreciation and Amortization

749.0k1.1m395.0k777.0k1.2m416.0k840.0k1.3m391.0k751.0k1.1m443.0k841.0k1.3m395.0k825.0k1.3m572.0k1.2m1.8m631.0k1.3m2.6m618.0k1.3m2.9m687.0k1.4m

Cash From Operating Activities

4.0m3.9m1.8m(558.0k)7.3m1.5m4.9m7.0m1.7m3.6m5.4m5.6m7.8m10.3m1.3m14.8m17.6m2.5m6.6m10.8m2.1m5.5m10.5m5.3m12.3m10.1m3.3m9.1m

Purchases of PP&E

(527.0k)(663.0k)(413.0k)(1.0m)(1.9m)(250.0k)(501.0k)(757.0k)(499.0k)(798.0k)(1.2m)(324.0k)(674.0k)(1.1m)(337.0k)(1.0m)(1.8m)(536.0k)(1.7m)(2.2m)(548.0k)(1.5m)(2.2m)(346.0k)(713.0k)(1.8m)(1.6m)(3.3m)

Cash From Investing Activities

(17.0m)(14.3m)(12.1m)(20.6m)(39.6m)(11.1m)(11.3m)(30.2m)(5.1m)(22.4m)(39.7m)6.5m(8.2m)(6.4m)(923.0k)(35.6m)(36.1m)(1.3m)(6.0m)(27.1m)2.4m66.3m78.3m(4.2m)(16.3m)(13.0m)9.3m(94.3m)

Short-term Borrowings

(1.0m)

Long-term Borrowings

(72.0k)(72.0k)(73.0k)(273.0k)(200.0k)(274.0k)(550.0k)(1.1m)(1.7m)(550.0k)(27.5m)(52.5m)(10.7m)(11.3m)(12.5m)(10.4m)(50.4m)

Dividends Paid

(413.0k)(138.0k)(275.0k)(412.0k)(222.0k)(444.0k)(666.0k)(276.0k)(553.0k)(840.0k)(469.0k)(938.0k)(1.6m)(607.0k)(1.2m)(1.9m)(756.0k)(1.5m)(2.3m)(755.0k)(2.0m)(3.3m)(1.3m)(2.6m)(4.1m)(1.5m)(2.9m)

Cash From Financing Activities

12.6m17.8m7.2m20.3m45.6m(4.7m)5.7m19.0m10.0m21.3m38.5m(9.8m)(5.0m)12.7m(7.4m)36.0m42.1m(6.7m)41.7m27.2m(1.5m)(44.3m)(65.6m)(8.4m)539.0k21.6m34.6m189.9m

Net Change in Cash

(425.0k)7.4m(3.2m)(822.0k)13.3m(14.4m)(742.0k)(4.2m)6.5m2.5m4.2m2.3m(5.3m)16.6m(7.0m)15.2m23.6m(5.6m)42.2m10.9m3.0m27.5m23.2m(7.2m)(3.5m)18.8m47.2m104.7m

Interest Paid

2.7m3.5m1.1m2.3m3.0m603.0k1.7m2.7m1.0m2.0m3.1m1.1m2.2m3.3m1.0m2.0m3.3m1.4m3.0m4.7m1.7m3.8m5.8m2.5m5.1m7.7m2.2m4.4m

Income Taxes Paid

50.0k75.0k25.0k50.0k75.0k99.0k124.0k25.0k25.0k75.0k150.0k150.0k50.0k100.0k100.0k40.0k625.0k725.0k1.5m1.5m

Mackinac Financial Ratios

USDQ2, 2011

Debt/Equity

0.7 x

Debt/Assets

0.1 x

Financial Leverage

9 x
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