SELECT BANCORP, INC. (SLCT) [Rocket]

Overview

SELECT BANCORP, INC. (SLCT)

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Recent News + Filings (All items)

Date Filed	Type	Description
10/19/2021	4	Hedgepeth William L (President & CEO) has filed a Form 4 on SELECT BANCORP, INC.
10/19/2021	4	betts walter keith (Chief Banking Officer) has filed a Form 4 on SELECT BANCORP, INC.
10/19/2021	4	CICCONE J GARY (Director) has filed a Form 4 on SELECT BANCORP, INC.
10/19/2021	4	Jackson Ronald V (Director) has filed a Form 4 on SELECT BANCORP, INC.
10/19/2021	4	Jeffries Mark Alan (CFO) has filed a Form 4 on SELECT BANCORP, INC.
10/19/2021	4	Johnson Lynn H. (COO) has filed a Form 4 on SELECT BANCORP, INC.
10/19/2021	4	Tobin David Richard Jr (Executive Vice President) has filed a Form 4 on SELECT BANCORP, INC.

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-20	Dec-31-19	Dec-03-19	Dec-31-18	Dec-03-18	Dec-31-17	Sep-30-17	Mar-31-17
Revenues	3.5	3.2	52.3	2.8	52.1	37.6	8.7	0.0
Revenue growth	8.1%	15.5%	0.4%	-92.6%		15.0%
Cost of goods sold	27.0	24.0	0.0	22.0	0.0	16.7	0.0	0.0
Gross profit	-23.6	-20.8	52.3	-19.2	52.1	20.8	8.7	0.0
Gross margin	-679.3%	-646.6%	100.0%	-690.0%	100.0%	55.4%	100.0%	100.0%
Selling, general and administrative			25.9		23.4		0.0	0.0
Research and development	4.1	3.5		3.4		2.3
General and administrative	1.7	1.9		1.4		1.2	0.0	0.0
EBITA	12.7	-25.3	28.3	-22.9	27.1	17.8	0.0	0.0
EBITA margin	366.2%	-788.4%	54.1%	-824.8%	52.1%	47.4%	0.0%	0.0%
Amortization of intangibles	0.7	0.8		1.0		0.4
EBIT	12.0	-26.1	28.3	-24.0	27.1	17.4	0.0	0.0
EBIT margin	345.5%	-814.1%	54.1%	-861.4%	52.1%	46.3%	0.0%	0.0%
Pre-tax income	10.4	16.7	16.7	17.7	17.7	8.9	2.8	0.0
Income taxes	2.2	3.7	3.7	3.9	3.9	5.7	0.0	0.0
Tax rate	21.3%	22.1%	22.1%	22.1%	22.1%	64.2%	0.0%	33.8%
Net income	8.2	13.0	0.0	13.8	0.0	3.2	1.8	0.0
Net margin	235.2%	405.9%	0.0%	495.6%	0.0%	8.5%	20.5%	24.0%

Diluted EPS	$0.45	$0.68	$0.00	$0.87	$0.00	$0.27	$0.15	$0.18
Shares outstanding (diluted)	18.0	19.1	19,063.2	15.9	15,877.6	11.8	11.7	0.0

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