Mackinac Financial Financials

$101.5 M

Mkt cap, 16-Feb-2018
Net income (Q3, 2017)2.1 M
EBIT (Q3, 2017)9.8 M
Cash, 30-Sep-201757.7 M

Financials

Market Value

Revenue/Financials

Income Statement

Annual

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

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 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 m

R&D expense

1.6 m

Operating expense total

16.9 m

EBIT

19.7 m22.3 m27.9 m32.5 m

EBIT margin, %

77%81%83%77%

Pre tax profit

5.5 m2.8 m7.9 m6.8 m

Income tax expense

2.3 m2.3 m

Net Income

5.9 m1.7 m5.6 m4.5 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

      Balance Sheet

      Annual

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

      Cash

      18.2 m21.9 m25 m46.8 m

      PP&E

      10.2 m12.7 m12.5 m15.9 m

      Goodwill

      3.8 m3.8 m5.7 m

      Total Assets

      572.8 m743.8 m739.3 m983.5 m

      Accounts Payable

      823.5 m

      Total Liabilities

      904.9 m

      Retained Earnings

      11.4 m11.8 m15.2 m17.2 m

      Total Equity

      65.2 m74 m76.6 m78.6 m

      Financial Leverage

      8.8 x10.1 x9.7 x12.5 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

          Cash Flow

          Annual

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

          Net Income

          5.9 m1.7 m5.6 m4.5 m

          Depreciation and Amortization

          1.7 m1.5 m1.7 m1.9 m

          Cash From Operating Activities

          9.3 m8.4 m13.1 m377 k

          Capital Expenditures

          (1.5 m)(1.4 m)(1.3 m)(2.1 m)

          Cash From Investing Activities

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

          Cash From Financing Activities

          20.9 m50.3 m(4 m)63.7 m

          Interest Paid

          4.2 m4.1 m4.4 m4.8 m

          Income Taxes Paid

          149 k100 k150 k1.1 m

          Free Cash Flow

          10.8 m9.9 m14.4 m(1.8 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

            Capital Expenditures

            (1.2 m)(324 k)(674 k)(1.1 m)(337 k)(1 m)(1.8 m)(536 k)(1.7 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

              Ratios

              Y, 2017

              Financial Leverage

              12.3 x