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BM Technologies, Inc. (MFAC)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17
   10-K10-K10-K10-K10-KS-1
Operating revenues:        
Total operating revenues  83.694.766.4  12.5
            Total operating revenues growth  -11.7%42.5%  -100.0% 
Operating expenses:        
Technology, communication, and processing  29.229.327.4   
Salaries and employee benefits  39.938.026.1   
Professional services  10.710.49.30.20.3 
Provision for operating losses  6.85.45.2   
Occupancy  1.00.91.4   
Customer related supplies  0.91.83.2   
Advertising and promotion  0.70.70.9  0.2
Restructuring, merger, and acquisition related expenses  0.30.10.7   
Other expense  3.32.42.9   
    Total operating expenses  92.989.077.21.61.417.6
    (Loss) income from operations  -9.35.7-10.8-4.8 -5.1
            Operating margin  -11.1%6.0%-16.2%   
   
Non-operating income and expense:        
Gain on fair value of private warrant liability  8.117.2    
    (Loss) income before income tax expense  -1.222.8-12.23.20.5 
Income tax expense  -0.45.80.00.80.20.0
    Net (loss) income  -0.817.0-12.22.40.3-5.1
   
Weighted average number of shares outstanding - basic (in shares)  11.911.96.121.220.90.0
Weighted average number of shares outstanding - diluted (in shares)  11.911.96.1   
   
Basic (loss) earnings per common share (in dollars per share)  ($0.07)$1.44($1.99)  ($50,690.00)
Diluted (loss) earnings per common share (in dollars per share)  ($0.07)$1.43($1.99)  ($50,690.00)

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