$1 M

MFCO Mkt cap, 08-Oct-2018

$1 M

Microwave Filter Revenue Q2, 2019
Microwave Filter Gross profit (Q2, 2019)451.9 K
Microwave Filter Gross profit margin (Q2, 2019), %43.2%
Microwave Filter Net income (Q2, 2019)85.2 K
Microwave Filter EBIT (Q2, 2019)84.3 K
Microwave Filter Cash, 31-Mar-2019627.8 K

Microwave Filter Revenue

Microwave Filter revenue was $3.34 m in FY, 2018 which is a 10% year over year increase from the previous period.

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Microwave Filter Revenue Breakdown

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Microwave Filter revenue breakdown by business segment: 10.0% from Broadcast TV, 12.7% from Cable TV, 35.2% from Satellite, 41.9% from RF/Microwave and 0.1% from Other

Microwave Filter Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

2.9m3.6m3.5m3.5m3.0m3.3m

Revenue growth, %

26%(2%)0%(14%)10%

Cost of goods sold

1.9m2.1m2.2m2.2m2.0m2.0m

Gross profit

936.7k1.5m1.3m1.3m1.0m1.3m

Gross profit Margin, %

33%41%37%37%33%40%

General and administrative expense

1.5m1.4m1.5m1.3m1.3m1.3m

Operating expense total

1.5m1.4m1.5m1.3m1.3m1.3m

EBIT

(589.4k)45.8k(199.6k)(29.3k)(253.1k)(7.8k)

EBIT margin, %

(21%)1%(6%)(1%)(8%)0%

Interest expense

5.6k21.5k19.6k17.7k15.5k13.4k

Interest income

1.8k2.0k2.4k2.4k1.9k1.2k

Pre tax profit

(588.6k)35.0k(204.7k)(35.6k)(264.2k)(16.0k)

Income tax expense

(37.1k)(3.0k)50.0

Net Income

(551.5k)38.6k(202.7k)(32.6k)(264.2k)(16.1k)

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Revenue

655.4k947.0k1.0m849.9k839.4k863.4k767.5k1.1m928.6k779.4k825.2k702.6k786.9k734.5k802.1k858.3k1.0m

Cost of goods sold

456.9k567.9k560.9k539.8k528.9k570.9k508.7k653.7k586.3k530.3k552.5k476.9k498.5k472.7k475.3k515.2k594.5k

Gross profit

198.5k379.1k459.0k310.1k310.5k292.5k258.8k452.2k342.4k249.1k272.7k225.7k288.4k261.8k326.9k343.1k451.9k

Gross profit Margin, %

30%40%45%36%37%34%34%41%37%32%33%32%37%36%41%40%43%

General and administrative expense

366.5k359.2k364.2k400.2k390.2k352.9k359.2k352.4k317.8k338.8k320.9k293.9k326.5k333.6k345.2k401.5k367.6k

Operating expense total

366.5k359.2k364.2k400.2k390.2k352.9k359.2k352.4k317.8k338.8k320.9k293.9k326.5k333.6k345.2k401.5k367.6k

EBIT

(168.0k)20.0k94.8k(90.1k)(79.7k)(60.5k)(100.4k)99.8k24.6k(89.6k)(48.2k)(68.1k)(38.1k)(71.8k)(18.3k)(58.3k)84.3k

EBIT margin, %

(26%)2%9%(11%)(9%)(7%)(13%)9%3%(12%)(6%)(10%)(5%)(10%)(2%)(7%)8%

Pre tax profit

(171.9k)17.7k90.8k(94.0k)(81.0k)(63.4k)(103.4k)96.8k22.4k(93.2k)(50.4k)(70.8k)(40.8k)(72.9k)(21.0k)(60.2k)85.3k

Income tax expense

(3.6k)(2.1k)(3.0k)50.050.0

Net Income

(171.9k)17.7k94.4k(94.0k)(78.9k)(63.4k)(103.4k)99.8k22.4k(93.2k)(50.4k)(70.8k)(40.8k)(73.0k)(21.0k)(60.2k)85.2k

Microwave Filter Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

940.0k1.1m896.7k923.1k667.9k674.0k

Accounts Receivable

346.6k350.7k402.8k

Prepaid Expenses

61.7k27.9k54.4k

Inventories

89.7k44.1k448.7k458.2k377.6k

Current Assets

1.8m2.0m1.8m1.8m1.5m1.5m

PP&E

580.8k474.7k435.1k351.9k326.8k261.5k

Total Assets

2.4m2.5m2.2m2.1m1.8m1.8m

Accounts Payable

68.6k73.3k74.6k61.8k104.3k116.9k

Short-term debt

46.7k48.8k51.1k

Current Liabilities

301.6k379.4k346.8k342.1k355.3k361.3k

Long-term debt

319.0k270.2k219.1k

Total Debt

365.7k319.0k270.2k

Total Liabilities

754.4k661.1k625.5k580.4k

Common Stock

432.4k432.4k432.4k

Additional Paid-in Capital

3.2m3.2m3.2m3.2m3.2m3.2m

Retained Earnings

(319.5k)(280.9k)(483.6k)(516.2k)(780.4k)(796.4k)

Total Equity

1.7m1.7m1.5m1.5m1.2m1.2m

Debt to Equity Ratio

0.2 x0.3 x0.2 x

Debt to Assets Ratio

0.2 x0.2 x0.2 x

Financial Leverage

1.5 x1.5 x1.5 x1.4 x1.5 x1.5 x

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Cash

945.3k896.9k1.1m1.0m1.1m851.0k957.8k905.0k928.5k931.8k844.7k682.6k654.2k550.7k550.1k592.2k627.8k

Accounts Receivable

247.3k248.0k302.8k318.8k336.8k309.9k

Prepaid Expenses

68.4k55.9k49.1k29.9k43.0k32.8k

Inventories

556.6k565.6k533.7k467.1k473.5k511.2k430.1k381.8k425.2k421.4k442.0k457.7k424.0k437.3k423.0k380.9k431.0k

Current Assets

1.8m1.8m1.9m1.9m1.9m1.9m1.7m1.9m1.9m1.7m1.6m1.5m1.4m1.4m1.3m1.3m1.5m

PP&E

550.4k518.7k502.8k486.5k459.8k440.2k411.6k389.2k375.9k374.2k365.1k347.8k308.7k293.0k279.8k307.9k296.7k

Total Assets

2.3m2.3m2.4m2.4m2.4m2.3m2.1m2.3m2.2m2.0m2.0m1.8m1.7m1.7m1.6m1.7m1.8m

Accounts Payable

118.6k96.1k88.2k73.7k106.1k113.4k59.2k85.3k96.8k105.6k73.1k70.2k90.4k80.5k57.3k79.2k118.2k

Short-term debt

47.2k47.7k48.3k49.4k49.9k50.7k

Current Liabilities

382.3k392.2k374.4k378.9k441.3k454.7k309.3k418.5k395.4k358.3k334.1k301.5k312.9k323.7k292.4k321.8k356.8k

Long-term debt

307.0k294.8k282.6k257.6k244.9k231.9k

Total Debt

354.2k342.5k330.8k307.0k294.8k282.6k

Total Liabilities

824.6k823.8k665.3k628.9k584.1k570.5k568.6k524.3k527.7k549.4k

Common Stock

432.4k432.4k432.4k432.4k432.4k432.4k

Additional Paid-in Capital

3.2m3.2m3.2m3.2m3.2m3.2m3.2m3.2m3.2m3.2m3.2m3.2m3.2m3.2m3.2m3.2m3.2m

Retained Earnings

(491.4k)(473.6k)(379.2k)(374.9k)(453.8k)(517.3k)(586.9k)(487.2k)(464.8k)(609.4k)(659.7k)(730.5k)(821.2k)(894.2k)(915.1k)(856.7k)(771.4k)

Total Equity

1.5m1.5m1.6m1.6m1.5m1.5m1.4m1.5m1.5m1.4m1.3m1.3m1.2m1.1m1.1m1.1m1.2m

Debt to Equity Ratio

0.3 x0.3 x0.3 x0.3 x0.3 x0.3 x

Debt to Assets Ratio

0.2 x0.2 x0.2 x0.2 x0.2 x0.2 x

Financial Leverage

1.6 x1.5 x1.5 x1.5 x1.5 x1.6 x1.5 x1.5 x1.5 x1.5 x1.5 x1.5 x1.5 x1.5 x1.5 x1.5 x1.5 x

Microwave Filter Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(551.5k)38.6k(202.7k)(32.6k)(264.2k)(16.1k)

Depreciation and Amortization

166.1k132.1k110.2k94.8k81.5k72.7k

Accounts Receivable

46.3k(4.1k)(52.1k)

Inventories

(29.7k)79.9k10.5k(7.5k)(19.3k)62.7k

Accounts Payable

8.6k57.7k4.0k

Cash From Operating Activities

(502.0k)209.2k(70.6k)82.9k(151.4k)62.3k

Cash From Investing Activities

(74.3k)(26.0k)(70.5k)(11.7k)(56.3k)(7.3k)

Long-term Borrowings

(44.5k)(46.7k)(48.8k)

Cash From Financing Activities

493.3k(41.6k)(43.8k)(44.8k)(47.5k)(48.8k)

Net Change in Cash

26.5k(255.2k)6.1k

Interest Paid

3.9k19.8k17.8k15.7k13.5k

Income Taxes Paid

50.0

Free Cash Flow

(576.4k)183.2k(141.1k)71.2k(207.7k)54.9k

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Net Income

(171.9k)(154.2k)94.4k(94.0k)(78.9k)(63.4k)(103.4k)99.8k22.4k(93.2k)(143.6k)(214.4k)(40.8k)(113.8k)(134.7k)(60.2k)25.0k

Depreciation and Amortization

32.7k65.5k19.3k39.6k60.5k18.0k36.2k54.4k13.0k26.1k

Accounts Receivable

99.3k98.7k43.8k31.9k13.9k40.8k

Inventories

9.9k866.027.4k6.8k(9.0k)34.2k20.9k35.1k(3.3k)(53.4k)

Accounts Payable

88.2k73.7k106.1k113.4k59.2k85.3k96.8k31.0k(12.6k)(4.0k)(35.1k)(32.4k)(59.0k)

Cash From Operating Activities

17.7k(19.0k)61.8k(1.9k)(148.7k)(1.7k)(90.6k)(74.1k)(9.8k)40.6k

Cash From Investing Activities

(2.4k)(3.5k)(41.6k)(52.7k)(56.3k)(2.4k)(7.3k)(59.5k)(61.3k)

Long-term Borrowings

(11.5k)(23.1k)(34.8k)(12.0k)(24.2k)(36.4k)

Cash From Financing Activities

(10.0k)(20.5k)(11.5k)(23.8k)(35.5k)(12.0k)(24.2k)(36.4k)(12.6k)(25.5k)

Net Change in Cash

8.7k(78.4k)(240.5k)(13.7k)(117.2k)(117.9k)

Interest Paid

5.6k5.4k4.1k8.1k12.0k3.6k7.0k10.3k3.0k5.9k

Income Taxes Paid

50.050.050.0

Free Cash Flow

20.1k(54.6k)(205.0k)(93.0k)(81.4k)

Microwave Filter Ratios

USDY, 2019

Revenue/Employee

36.1k

Financial Leverage

1.5 x

Microwave Filter Operating Metrics

Microwave Filter's Backlog was reported to be $1.3m in FY, 2018.
FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018

Backlog

$314.72 k$709.16 k$608.89 k$463.73 k$702.67 k$1.04 m$928.72 k$1.19 m$1.30 m

Products

1.70 k1.70 k1.70 k

Unique Products

5 k5 k5 k

Microwave Filter Employee Rating

4.52 votes
Culture & Values
4.0
Work/Life Balance
3.0
Senior Management
4.0
Salary & Benefits
3.5
Career Opportunities
3.0
Source