MIDDLEBURG FINANCIAL CORP (MBRG) [Rocket]

Overview

MIDDLEBURG FINANCIAL CORP (MBRG)

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Recent News + Filings (All items)

Date Filed	Type	Description
04/13/2017	15-12G	Form 15-12G - Securities registration termination [Section 12(g)]
04/10/2017	EFFECT	Form EFFECT - Notice of Effectiveness
04/10/2017	EFFECT	Form EFFECT - Notice of Effectiveness
04/06/2017	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments
04/06/2017	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments
04/06/2017	POS AM	Form POS AM - Post-Effective amendments for registration statement
04/06/2017	POS AM	Form POS AM - Post-Effective amendments for registration statement

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-16	Dec-31-15	Dec-31-14	Dec-31-13	Dec-31-12	Dec-31-11	Dec-31-10	Dec-31-09
Revenues	47.8	45.4	50.4	62.1	64.2	55.0	42.4	75.5
Revenue growth	5.4%	-9.9%	-18.9%	-3.2%	16.7%	29.9%	-43.9%	68.4%
Cost of goods sold	23.6	23.5	28.8	37.9	37.5	34.1	30.4	33.9
Gross profit	24.2	21.9	21.6	24.2	26.7	20.9	12.0	41.6
Gross margin	50.6%	48.1%	42.9%	39.0%	41.7%	38.0%	28.4%	55.1%
Sales and marketing	0.2	0.3	0.4	1.5	2.0	1.4	1.1	0.8
General and administrative	2.1	1.9	2.2	2.6	2.4	2.3	2.1	1.9
EBITA	-16.5	-19.3	-25.9	-36.0	10.0	6.0	-4.0	7.4
EBITA margin	-34.6%	-42.4%	-51.3%	-57.9%	15.6%	11.0%	-9.4%	9.8%
Amortization of intangibles	1.2	1.0	0.8
EBIT	-17.7	-20.3	-26.7	-36.0	10.0	6.0	-4.0	7.4
EBIT margin	-37.1%	-44.6%	-52.9%	-57.9%	15.6%	11.0%	-9.4%	9.8%
Pre-tax income	10.9	10.5	9.8	8.1	10.0	6.0	-4.9	5.2
Income taxes	2.8	2.7	2.3	1.9	2.0	1.4	-2.6	0.1
Tax rate	25.9%	25.7%	23.8%	23.9%	19.7%	22.5%	52.4%	1.2%
Net income	8.1	7.8	7.6	6.2	6.5	5.0	-2.7	2.1
Net margin	16.9%	17.2%	15.1%	9.9%	10.1%	9.0%	-6.3%	2.8%

Diluted EPS	$1.13	$1.09	$1.06	$0.87	$0.92	$0.71	($0.39)	$0.37
Shares outstanding (diluted)	7.2	7.2	7.1	7.1	7.0	7.0	6.9	5.7

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.