First Foundation Inc. (FFWM) [Rocket]

Overview

First Foundation Inc. (FFWM)

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Recent News + Filings (All items)

Date Filed	Type	Description
08/23/2023	3	Britton James (CFO) has filed a Form 3 on First Foundation Inc.
08/21/2023	25	Form 25 - Notification of the removal from listing and registration of matured, redeemed or retired securities:
08/16/2023	CERT	Form CERT - Certification by an exchange approving securities for listing:
08/15/2023	8-K	Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements...
08/14/2023	8-A12B	Form 8-A12B - Registration of securities [Section 12(b)]:
08/10/2023	8-K	Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing, Regulation FD Disclosure...
08/08/2023	10-Q	Quarterly Report for the period ended June 30, 2023

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
Revenues	38.8	36.0	29.5	28.7	28.7	149.6	119.3	84.3
Revenue growth	7.7%	22.3%	2.8%	-0.3%	-80.8%	25.3%	41.6%	25.2%
Cost of goods sold	146.5	112.9	97.8	90.8	87.3	72.0	60.6	49.7
Gross profit	-107.7	-76.9	-68.3	-62.2	-58.5	77.6	58.8	34.6
Gross margin	-277.6%	-213.4%	-231.8%	-217.0%	-203.6%	51.9%	49.3%	41.0%
Selling, general and administrative
General and administrative	13.7	12.2	8.0	7.4	8.6	7.7	9.8	5.5
EBITA	-121.3	-89.1	-76.3	-69.6	-67.1	69.9	49.2	29.3
EBITA margin	-312.8%	-247.3%	-259.1%	-242.9%	-233.5%	46.8%	41.2%	34.7%
Amortization of intangibles							0.2	0.2
EBIT	-121.3	-89.1	-76.3	-69.6	-67.1	69.9	49.0	29.1
EBIT margin	-312.8%	-247.3%	-259.1%	-242.9%	-233.5%	46.8%	41.0%	34.5%
Pre-tax income	149.8	151.8	118.8	79.5	60.1	50.6	38.3	22.8
Income taxes	39.3	42.3	34.4	23.3	17.1	23.0	15.0	9.5
Tax rate	26.2%	27.9%	29.0%	29.3%	28.5%	45.5%	39.2%	41.4%
Net income	110.5	109.5	84.4	56.2	43.0	27.6	23.3	13.4
Net margin	284.9%	304.0%	286.3%	196.2%	149.4%	18.4%	19.5%	15.9%

Diluted EPS	$1.96	$2.41	$1.88	$1.25	$1.01	$0.78	$0.70	$0.58
Shares outstanding (diluted)	56.5	45.5	44.9	44.9	42.6	35.3	33.5	23.2

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