NATIONAL HOLDINGS CORP NHLD Income Statement

National holdings corp (NHLD)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Jun'10
Revenues
Revenue from contracts with customers
210,158	199,509	207,884	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Commissions
-	-	-	-	-	-	-	-	-	-	-	97,600	97,770	97,453	95,942	93,510	92,731	94,801	96,222	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Commissions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	97,967	106,487	109,425	0	0	0
Commissions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	99,271	89,734	78,168	74,895	73,424	73,139	70,301	69,702	71,766	75,340	85,296	87,025	0	0	0
Net dealer inventory gains (losses)
-2,260	229	-1,466	1,859	429	1,921	3,329	9,776	12,806	13,468	15,108	10,181	10,754	9,930	9,929	9,433	9,511	9,617	10,512	11,926	13,485	16,763	16,482	15,984	15,656	13,983	13,426	0	0	0	-	-	-	-	-	-	-	-	-
Net dealer inventory gains
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,061	13,431	13,717	14,261	14,578	0	0	0
Investment banking
-	-	-	-	-	-	-	-	-	-	-	49,269	47,359	38,512	34,937	28,056	23,677	21,999	21,004	20,679	19,596	20,824	19,035	19,733	18,565	15,280	14,002	10,999	10,791	12,689	15,390	13,420	12,647	8,910	6,930	7,822	0	0	0
Investment advisory
-	-	-	-	-	-	-	-	-	-	-	14,432	14,189	13,805	-	14,155	14,591	14,802	14,967	14,535	14,577	14,746	14,161	13,069	11,599	10,329	9,508	0	0	0	-	-	-	-	-	-	-	-	-
Interest and dividends
5,345	5,632	5,822	5,659	4,997	4,186	3,233	2,702	2,605	2,679	2,764	2,761	2,788	2,907	3,109	3,394	3,638	3,691	3,604	3,441	3,401	3,439	3,541	3,728	3,702	3,821	3,935	3,790	3,682	3,341	2,996	3,005	3,103	3,379	3,586	3,464	0	0	0
Transaction fees and clearing services
8,310	7,718	8,092	6,723	6,863	7,052	7,200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax preparation and accounting
9,150	8,964	8,807	8,507	8,277	8,023	7,772	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transaction fees and clearing services
-	-	-	-	-	-	-	-	-	-	-	7,474	7,416	7,278	-	7,202	7,346	7,650	7,993	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer fees and clearing services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,762	8,467	8,048	7,740	7,419	7,267	7,375	7,196	7,334	7,510	7,621	8,528	8,734	0	0	0
Tax preparation and accounting
-	-	-	-	-	-	-	-	-	-	-	7,599	7,458	8,250	-	8,239	8,577	8,389	8,248	8,210	8,043	8,032	7,811	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
616	655	701	775	843	849	913	0	0	0	-	-	-	-	-	-	-	-	496	348	368	323	285	0	0	0	-	-	-3,241	-1,311	246	462	477	411	353	7,524	0	0	0
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Total Revenues
213,859	206,025	212,941	200,034	205,496	219,142	211,115	212,033	203,843	195,381	189,870	190,580	188,875	179,023	174,076	164,589	160,582	161,467	163,046	170,203	174,496	184,312	184,292	176,066	162,102	142,318	127,583	121,010	119,436	119,696	118,648	115,551	116,501	116,945	126,521	129,147	0	0	0
Operating Expenses
Commissions, compensation and fees
182,423	173,713	177,824	172,786	179,264	187,976	182,127	177,666	169,074	161,490	155,187	159,779	159,483	153,605	151,057	142,494	138,658	138,874	139,452	144,360	147,004	152,834	152,145	145,447	134,927	121,327	109,563	104,034	102,552	103,905	103,800	102,320	104,555	104,891	113,325	0	0	0	0
Clearing fees
2,226	2,002	2,437	2,409	2,368	2,416	2,400	2,289	2,308	2,348	2,343	2,336	2,375	2,284	2,309	2,535	2,707	3,066	2,904	2,869	3,048	3,265	3,701	4,141	3,983	3,455	2,840	2,105	1,824	1,623	1,662	1,722	1,784	1,899	2,107	2,217	0	0	0
Communications
3,070	2,668	2,816	3,069	3,206	3,322	3,260	3,103	2,936	2,805	2,767	2,824	2,920	3,050	3,157	3,360	3,501	3,625	3,792	4,083	4,373	4,628	4,772	4,600	4,557	4,515	4,494	4,654	4,637	4,650	4,731	4,689	4,664	4,634	4,571	4,525	0	0	0
Occupancy
4,789	4,544	4,301	3,792	3,564	3,725	3,755	4,203	4,437	4,233	4,286	3,850	3,860	3,892	3,819	3,883	3,900	3,912	3,962	3,931	3,996	4,088	4,056	3,594	3,086	0	-	0	0	-	-	-	-	-	-	-	-	-	-
License and registration
3,616	3,405	2,960	2,967	2,894	2,677	2,735	2,530	2,060	1,958	1,726	1,694	1,720	1,675	1,625	1,488	1,406	1,401	1,364	1,513	1,563	1,492	1,620	1,407	1,459	1,521	1,483	1,569	1,513	1,584	1,536	1,618	1,636	1,663	1,639	1,644	0	0	0
Professional fees
7,659	7,515	7,306	6,106	6,053	4,898	4,306	4,242	4,248	4,661	4,531	5,336	6,580	7,073	6,896	5,627	5,020	4,734	4,489	4,690	4,041	4,071	4,099	3,772	3,204	2,740	2,642	2,775	3,075	2,954	2,714	2,408	2,015	2,052	1,831	2,087	0	0	0
Interest
52	38	32	94	111	103	97	30	10	12	14	48	56	54	51	17	10	10	13	15	15	21	33	37	41	99	248	392	595	805	916	1,048	1,115	1,128	1,147	1,323	0	0	0
Depreciation and amortization
2,315	1,964	1,832	1,726	1,652	1,570	1,551	1,505	1,406	1,313	1,229	1,184	1,198	1,208	1,213	1,163	1,155	1,153	1,127	0	0	0	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Other administrative expenses
0	0	-	11,810	0	0	-	8,344	10,227	10,415	-	9,761	7,775	6,361	6,418	5,263	4,824	5,373	5,465	4,867	5,205	5,497	4,908	4,499	3,292	1,550	1,530	2,257	2,913	4,098	4,189	5,158	5,161	5,130	5,052	3,920	0	0	0
Total Operating Expenses
0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Operating Expenses
-	-	-	204,759	-	-	208,396	203,912	196,706	189,235	181,902	186,812	185,967	179,202	176,545	165,830	161,181	162,148	162,568	167,473	170,387	177,042	176,470	169,259	156,226	139,420	125,796	60,162	-5,619	0	-	0	0	-	129,672	131,981	0	0	0
Income (Loss) before Other Income (Expense) and Income Taxes
-873	-1,557	2,100	-4,725	-4,380	4,212	2,719	8,121	7,137	6,146	7,968	3,768	2,908	-179	-2,469	0	0	0	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-3,151	-2,834	0	0	0
Other Income (Expense)
Gain on disposal of National Tax branch
0	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fair Value Adjustment of Warrants
-	-	-	0	-	-	11,194	7,959	8,601	1,231	-8,458	-5,223	-5,865	-4,092	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income (expense)
0	0	-	0	0	0	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
-	-	-	-	-	-	-	-	0	0	-	-	5	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Other Income
466	170	60	81	-71	-5,444	-11,041	-7,856	-8,347	-1,072	8,611	5,363	6,000	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposition of unconsolidated joint venture
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-
Loss on investment in unaffiliated entity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-
Change in fair value of derivative
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,603	0	0	0	-
Total Other expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	1,051	-1,051	-24,264	-25,434	1,603	0	0	0	-
Income (Loss) before Income Taxes
-407	-1,387	2,160	-4,644	-4,451	-1,232	-8,322	265	-1,210	5,074	16,579	9,131	8,908	3,913	-2,469	-1,241	-599	-681	478	2,730	4,109	7,270	7,822	7,302	6,120	0	-	0	0	-	-	-	-	-	-	-	-	-	-
Income tax expense (benefit)
-118	-773	319	-1,917	-1,404	1,282	3,188	6,126	5,487	5,645	4,051	5,537	5,451	3,960	3,090	-502	-170	-219	193	-10,467	-10,646	-10,708	-10,821	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss)
-289	-614	1,841	115	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-
Net Income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-4,463	-5,480	-6,673	-4,754	-4,437	0	0	0
Net loss attributable to non-controlling interest
2,057	2,754	2,660	899	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	-18	-13	-5	-14	-16	-46	-65	-41	0	0	0	-
Total Provision for Income Tax
-118	-773	319	-1,917	-1,404	1,282	3,188	6,126	5,487	5,645	4,051	2,253	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) attributable to National Holdings Corporation common shareholders
-2,346	-3,368	-819	-3,626	-3,047	-2,514	-11,510	-5,861	-6,697	-571	12,528	3,594	3,457	-47	-5,559	0	0	0	-	-	0	0	-	0	0	0	-	-	-	-	-1,951	-4,439	-5,426	-6,608	-4,713	-4,413	0	0	0
Preferred stock dividend
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	93	197	300	403	414	413	0	0	0
Net Income attributable to common stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,429	1,285	-969	-2,030	-4,636	-5,726	-7,011	-5,127	-4,826	0	0	0
Net income (loss) per share attributable to National Holdings Corporation common shareholders - Basic (in dollars per share)
-0.13	-0.12	0.06	0.02	-0.22	0.08	-0.16	0.07	-0.18	-0.65	0.29	0.00	0.31	0.41	-0.43	-0.01	0.03	-0.04	-0.04	0.01	0.03	0.02	1.07	0.14	0.29	0.01	0.00	0.01	0.01	0.00	0.01	0.03	-0.07	-0.05	-	-0.02	-0.04	0.04	-0.12
Net income (loss) per share attributable to National Holdings Corporation common shareholders - Diluted (in dollars per share)
-0.13	-0.12	0.06	0.02	-0.22	0.08	-0.15	0.06	-0.18	-0.65	0.28	0.00	0.31	0.41	-0.43	-0.01	0.03	-0.04	-0.04	0.01	0.03	0.02	1.07	0.14	0.28	0.01	0.00	0.01	0.01	0.00	0.02	0.02	-0.07	-0.05	-	-0.02	-0.04	0.01	-0.12
Weighted Average Number of Shares Outstanding, Basic
13,364	13,169	13,095	12,931	12,714	12,545	12,513	12,490	12,457	12,437	12,437	12,437	12,437	12,437	12,417	12,440	12,440	12,446	12,519	12,446	12,446	12,445	-95,158	12,324	12,324	119,797	94,789	89,016	72,232	26,567	26,232	26,088	26,088	21,646	-	20,446	20,232	17,687	17,276
Weighted Average Number of Shares Outstanding, Diluted
13,364	13,169	12,604	13,251	12,714	12,716	11,104	13,899	12,457	12,437	12,551	12,437	12,461	12,438	12,417	12,440	12,440	12,446	12,523	12,491	12,502	12,491	-96,652	12,514	12,502	121,269	109,223	89,016	74,743	26,567	6,941	45,380	26,088	21,646	-	20,446	20,232	27,100	17,276
Commissions
Revenue from contracts with customers
97,436	89,084	86,929	89,809	96,772	105,378	109,984	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment banking
Revenue from contracts with customers
55,572	57,812	69,656	62,081	64,990	69,725	57,201	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment advisory
Revenue from contracts with customers
39,690	35,931	34,400	24,621	22,325	22,008	21,483	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-