BM Technologies, Inc. (NYSE American: BMTX) - formerly known as BankMobile - is among the largest digital banking platforms and Banking-as-a-Service (BaaS) providers in the country, providing access to checking and savings accounts and financial wellness. It is focused on technology, innovation, easy-to-use products, and education with the mission to financially empower millions of Americans by providing a more affordable, transparent, and consumer-friendly banking experience. BM Technologies, Inc. (BMTX) is a technology company and is not a bank, which means it provides banking services through its partner banks. More information can be found at www.bmtx.com.
Company profile
Ticker
BMTX, BMTX-WT
Exchange
Website
CEO
A. J. Dunklau
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Megalith Financial Acquisition Corp
SEC CIK
BMTX stock data
Latest filings (excl ownership)
10-K
2023 FY
Annual report
5 Apr 24
8-K
BM Technologies Reports Fourth Quarter & Full Year 2023 Results
3 Apr 24
8-K
Departure of Directors or Certain Officers
1 Apr 24
8-K
BM Technologies (BMTX) Announces CFO Transition, Welcoming Ajay Asija to the Leadership Team
7 Feb 24
8-K
BM Technologies Reports Third Quarter & Year-to-Date 2023 Results
20 Nov 23
10-Q
2023 Q3
Quarterly report
20 Nov 23
NT 10-Q
Notice of late quarterly filing
15 Nov 23
8-K
Departure of Directors or Certain Officers
1 Sep 23
8-K
BM Technologies Reports Second Quarter & First Half 2023 Results
22 Aug 23
10-Q
2023 Q2
Quarterly report
21 Aug 23
Transcripts
BMTX
Earnings call transcript
2023 Q4
3 Apr 24
BMTX
Earnings call transcript
2023 Q3
20 Nov 23
BMTX
Earnings call transcript
2023 Q2
22 Aug 23
BMTX
Earnings call transcript
2023 Q1
22 May 23
BMTX
Earnings call transcript
2022 Q4
27 Mar 23
BMTX
Earnings call transcript
2022 Q3
15 Nov 22
BMTX
Earnings call transcript
2022 Q2
16 Aug 22
BMTX
Earnings call transcript
2021 Q4
4 Apr 22
BMTX
Earnings call transcript
2021 Q4
1 Apr 22
BMTX
Earnings call transcript
2021 Q3
15 Nov 21
Latest ownership filings
3
Ajay Asija
16 Apr 24
4
James Francis Dullinger
2 Apr 24
4
Luvleen Sidhu
2 Apr 24
4
James M. Donahue
2 Apr 24
4
James Francis Dullinger
12 Mar 24
4
Luvleen Sidhu
6 Mar 24
4
James M. Donahue
6 Mar 24
SC 13G/A
Veradace Capital Management LLC
14 Feb 24
SC 13G/A
VANGUARD GROUP INC
13 Feb 24
4
Warren Taylor
13 Feb 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 8.80 mm | 8.80 mm | 8.80 mm | 8.80 mm | 8.80 mm | 8.80 mm |
Cash burn (monthly) | 907.33 k | 1.47 mm | 1.46 mm | 1.95 mm | 488.67 k | 791.67 k |
Cash used (since last report) | 6.17 mm | 9.99 mm | 9.93 mm | 13.24 mm | 3.32 mm | 5.38 mm |
Cash remaining | 2.64 mm | -1.18 mm | -1.13 mm | -4.43 mm | 5.48 mm | 3.42 mm |
Runway (months of cash) | 2.9 | -0.8 | -0.8 | -2.3 | 11.2 | 4.3 |
Institutional ownership, Q3 2023
51.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 51 |
Opened positions | 5 |
Closed positions | 6 |
Increased positions | 7 |
Reduced positions | 15 |
13F shares | Current |
---|---|
Total value | 4.36 bn |
Total shares | 6.19 mm |
Total puts | 0.00 |
Total calls | 58.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Schechter Private Capital | 3.22 mm | $0.00 |
Veradace Capital Management | 634.10 k | $1.00 mm |
Tieton Capital Management | 483.90 k | $968.00 k |
Pacific Ridge Capital Partners | 460.14 k | $920.28 mm |
Vanguard | 366.35 k | $732.70 mm |
Jacob Asset Management Of New York | 175.00 k | $350.00 mm |
BLK Blackrock | 125.83 k | $251.65 mm |
Bridgeway Capital Management | 93.14 k | $186.27 mm |
Geode Capital Management | 88.67 k | $177.41 mm |
Nantahala Capital Management | 79.21 k | $158.42 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
31 Mar 24 | James M. Donahue | Common Stock | Payment of exercise | Dispose F | No | No | 1.65 | 7,170 | 11.83 k | 76,372 |
31 Mar 24 | James M. Donahue | Common Stock | Option exercise | Acquire M | No | No | 0 | 18,750 | 0.00 | 83,542 |
31 Mar 24 | James M. Donahue | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 18,750 | 0.00 | 56,250 |
31 Mar 24 | Luvleen Sidhu | Common Stock | Payment of exercise | Dispose F | No | No | 1.65 | 11,120 | 18.35 k | 700,321 |
31 Mar 24 | Luvleen Sidhu | Common Stock | Option exercise | Acquire M | No | No | 0 | 25,000 | 0.00 | 711,441 |
31 Mar 24 | Luvleen Sidhu | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 25,000 | 0.00 | 75,000 |
31 Mar 24 | James Francis Dullinger | Common Stock | Payment of exercise | Dispose F | No | No | 1.65 | 2,088 | 3.45 k | 10,333 |
31 Mar 24 | James Francis Dullinger | Common Stock | Option exercise | Acquire M | No | No | 0 | 7,500 | 0.00 | 12,421 |
31 Mar 24 | James Francis Dullinger | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 7,500 | 0.00 | 22,500 |
9 Mar 24 | James Francis Dullinger | Common Stock | Payment of exercise | Dispose F | No | No | 1.83 | 445 | 814.35 | 4,921 |
News
Chardan Capital Maintains Buy on BM Technologies, Maintains $8 Price Target
4 Apr 24
BM Technologies Anticipates Revenue Growth In 2024 Driven By Investments In The Higher Education Vertical And The Full Year Effect Of Durbin-Exempt Interchange Rates On The Majority Of Serviced Deposit Account Holder's Debit Card Spend
3 Apr 24
BM Technologies Q4 Adj $(0.28) Misses $(0.25) Estimate, Sales $14.86M Miss $14.95M Estimate
3 Apr 24
Earnings Scheduled For April 3, 2024
3 Apr 24
Press releases
BM Technologies Reports Fourth Quarter & Full Year 2023 Results
3 Apr 24
CORRECTION: BM Technologies to Announce Q4 and Full Year 2023 Earnings and Host Webcast
1 Apr 24
BM Technologies to Announce Q4 and Full Year 2023 Earnings and Host Webcast
1 Apr 24
BM Technologies (BMTX) Announces CFO Transition, Welcoming Ajay Asija to the Leadership Team
7 Feb 24
BM Technologies (BMTX) Champions Campus Excellence and Announces 2023 ACE Award and Partnership Winners
25 Jan 24