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BM Technologies (BM Technologies) Net Income : $-17.33 Mil (TTM As of Dec. 2023)


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What is BM Technologies Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. BM Technologies's Net Income for the three months ended in Dec. 2023 was $-3.96 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was $-17.33 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. BM Technologies's Earnings per Share (Diluted) for the three months ended in Dec. 2023 was $-0.34.


BM Technologies Net Income Historical Data

The historical data trend for BM Technologies's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

BM Technologies Net Income Chart

BM Technologies Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Net Income
4.27 -12.21 17.04 -0.78 -17.33

BM Technologies Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -4.19 -4.96 -4.46 -3.95 -3.96

BM Technologies Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

BM Technologies's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-17.315+-0.016+0+0
=-17.33

BM Technologies's Net Income for the quarter that ended in Dec. 2023 is calculated as

Net Income(Q: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-3.963+0+0+0
=-3.96

Net Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-17.33 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


BM Technologies  (AMEX:BMTX) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

BM Technologies's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


BM Technologies Net Income Related Terms

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BM Technologies (BM Technologies) Business Description

Traded in Other Exchanges
N/A
Address
201 King of Prussia Road, Suite 350, Wayne, PA, USA, 19087
BM Technologies Inc provides digital banking and disbursement services to consumers and students nationwide through a full service fintech banking platform, accessible to customers anywhere and anytime through digital channels. It facilitates deposits and banking services between a customer and its Partner Bank, Customers Bank, which is a related party and is a Federal Deposit Insurance Corporation (FDIC) insured bank. Tje company has four primary revenue sources: interchange and card revenue, servicing fees, account fees, and university fees. The majority of revenues are driven by customer activity (deposits, spend, transactions, etc.) and may be paid or passed through by Customers Bank, universities, or paid directly by customers.
Executives
Michael Richard Pavone director 201 KING OF PRUSSIA ROAD, SUITE 650, WAYNE PA 19087
Rajinder Singh director C/O BM TECHNOLOGIES, INC., 201 KING OF PRUSSIA ROAD, SUITE 650, WAYNE PA 19087
Warren Taylor officer: Executive Vice President 1015 PENN AVENUE, SUITE 103, WYOMISSING PA 19610
John J Dolan director 201 KING OF PRUSSIA ROAD, SUITE 350, WAYNE PA 19087
James Francis Dullinger officer: Chief Accounting Officer C/O IOTA COMMUNICATIONS, INC., 645 HAMILTON STREET, SUITE 400, ALLENTOWN PA 18101
James M. Donahue officer: Chief Technology Officer 201 KING OF PRUSSIA ROAD, SUITE 350, C/O BM TECHNOLOGIES, INC., WAYNE PA 19087
Aaron Hodari director 201 KING OF PRUSSIA ROAD, SUITE 350, WAYNE PA 19087
Andrew J. Dunklau officer: President and Secretary 1345 AVENUE OF THE AMERICAS 11TH FL, NEW YORK NY 10105
Schechter Private Capital, Llc 10 percent owner 251 PIERCE STREET, BIRMINGHAM MI 48009
Pankaj Dinodia director 201 KING OF PRUSSIA ROAD, SUITE 350, WAYNE PA 19087
Robert H Ramsey officer: Chief Financial Officer 201 KING OF PRUSSIA ROAD, SUITE 350, WAYNE PA 19087
Marcy Schwab director 201 KING OF PRUSSIA ROAD, SUITE 350, WAYNE PA 19087
Brent Hurley director 201 KING OF PRUSSIA ROAD, SUITE 350, WAYNE PA 19087
Robert Diegel officer: Chief Operating Officer 201 KING OF PRUSSIA ROAD, SUITE 350, WAYNE PA 19087
Mike Gill director 201 KING OF PRUSSIA ROAD, SUITE 350, WAYNE PA 19087