Coastal Carolina Financials

CCNB

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2013 Currency USD FYE December

This page shows Coastal Carolina (CCNB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI CCNB FY2012 2026-04-22

A liability-funded balance-sheet expansion lifted reported earnings, but cash generation stayed negative, showing growth was not yet self-funding.

Revenue nearly doubled across the three reported years while interest expense fell to $700K, enough to move net income from -$2.0M to a small profit. Yet FY2012 operating cash flow remained -$758K and free cash flow stayed -$1.3M, so the improvement appeared in accounting earnings before it appeared in liquid cash.

By FY2012, total assets had reached $101.6M while equity was still only $14.5M. With debt-to-equity rising from 3.9x to 6.0x, most of the company’s added scale was financed by liabilities rather than by internally built capital.

The cost base did not rise nearly as fast as revenue: selling and administrative expense was $2.1M in FY2012, only modestly above the earliest year, and interest expense also trended lower. That points to fixed-cost absorption and cheaper funding as the main repair mechanism, which is why returns were still only 0.1% on assets and 0.5% on equity.

Financial Health Signals

Financial health score pending refresh

We are recalculating Coastal Carolina's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Piotroski F-Score Partial

4/6

Coastal Carolina passes 4 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality

-10.18x

For every $1 of reported earnings, Coastal Carolina generates $-10.18 in operating cash flow (-$758K OCF vs $74K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

$3.9M

YoY+22.6%

Coastal Carolina generated $3.9M in revenue in fiscal year 2012. This represents an increase of 22.6% from the prior year.

EBITDA

N/A

Net Income

$74K

YoY+105.8%

Coastal Carolina reported $74K in net income in fiscal year 2012. This represents an increase of 105.8% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

-$1.3M

YoY-41.5%

Coastal Carolina generated -$1.3M in free cash flow in fiscal year 2012, representing cash available after capex. This represents a decrease of 41.5% from the prior year.

Cash & Debt

N/A

Dividends Per Share

N/A

Shares Outstanding

YoY-0.2%

Coastal Carolina had 2M shares outstanding in fiscal year 2012. This represents a decrease of 0.2% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

1.9%

YoY+41.9pp

Coastal Carolina's net profit margin was 1.9% in fiscal year 2012, showing the share of revenue converted to profit. This is up 41.9 percentage points from the prior year.

Return on Equity

0.5%

YoY+9.6pp

Coastal Carolina's ROE was 0.5% in fiscal year 2012, measuring profit generated per dollar of shareholder equity. This is up 9.6 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$495K

YoY+1528.2%

Coastal Carolina invested $495K in capex in fiscal year 2012, funding long-term assets and infrastructure. This represents an increase of 1528.2% from the prior year.

CCNB Income Statement

Metric	FY12	FY11	FY10
Revenue	$3.9M+22.6%	$3.2M+48.1%	$2.2M
Cost of Revenue	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A
SG&A Expenses	$2.1M+1.5%	$2.1M+10.3%	$1.9M
Operating Income	N/A	N/A	N/A
Interest Expense	$700K-15.9%	$833K-5.7%	$883K
Income Tax	$3K	N/A	$4K
Net Income	$74K+105.8%	-$1.3M+36.6%	-$2.0M
EPS (Diluted)	N/A	N/A	N/A

Metric	Q1'13	Q4'12	Q3'12	Q2'12	Q1'12	Q4'11	Q3'11	Q2'11
Revenue	$1.0M-0.1%	$1.0M+3.6%	$999K+3.2%	$968K+5.0%	$922K+0.8%	$914K+4.3%	$877K+15.3%	$761K
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$581K+16.1%	$500K-4.7%	$525K-0.9%	$530K-1.6%	$538K+20.2%	$448K-13.9%	$520K-3.3%	$538K
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$163K-2.4%	$167K-3.1%	$172K+0.6%	$171K-10.3%	$191K-4.9%	$200K-2.7%	$206K-3.8%	$214K
Income Tax	$2K	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	$9K-93.0%	$132K+11.9%	$118K+457.4%	-$33K+76.8%	-$142K-98.7%	-$72K-73.6%	-$41K+89.0%	-$374K
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CCNB Balance Sheet

Metric	FY12	FY11	FY10
Total Assets	$101.6M+7.6%	$94.4M+31.4%	$71.9M
Current Assets	N/A	N/A	N/A
Cash & Equivalents	N/A	N/A	N/A
Inventory	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A
Total Liabilities	$87.1M+8.5%	$80.3M+40.7%	$57.1M
Current Liabilities	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A
Total Equity	$14.5M+2.8%	$14.1M-4.6%	$14.8M
Retained Earnings	-$7.8M+1.0%	-$7.8M-19.5%	-$6.5M

Metric	Q1'13	Q4'12	Q3'12	Q2'12	Q1'12	Q4'11	Q3'11	Q2'11
Total Assets	$105.1M+3.4%	$101.6M+2.1%	$99.6M+3.1%	$96.6M-2.4%	$99.0M+4.8%	$94.4M+2.4%	$92.2M+9.6%	$84.1M
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$90.7M+4.1%	$87.1M+2.4%	$85.1M+3.4%	$82.4M-3.1%	$85.0M+5.7%	$80.3M+3.2%	$77.9M+11.0%	$70.2M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$14.4M-0.8%	$14.5M+0.2%	$14.5M+1.4%	$14.3M+1.7%	$14.0M-0.4%	$14.1M-1.6%	$14.3M+2.5%	$14.0M
Retained Earnings	-$7.7M+0.1%	-$7.8M+1.7%	-$7.9M+1.5%	-$8.0M-0.4%	-$8.0M-1.8%	-$7.8M-0.9%	-$7.8M-0.5%	-$7.7M

CCNB Cash Flow Statement

Metric	FY12	FY11	FY10
Operating Cash Flow	-$758K+11.4%	-$856K+47.4%	-$1.6M
Capital Expenditures	$495K+1528.2%	$30K-17.8%	$37K
Free Cash Flow	-$1.3M-41.5%	-$886K+46.7%	-$1.7M
Investing Cash Flow	-$3.0M+89.9%	-$29.5M-19.3%	-$24.7M
Financing Cash Flow	$6.7M-70.9%	$23.1M+81.8%	$12.7M
Dividends Paid	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A

Metric	Q1'13	Q4'12	Q3'12	Q2'12	Q1'12	Q4'11	Q3'11	Q2'11
Operating Cash Flow	$816K-59.2%	$2.0M+160.3%	-$3.3M-18441.9%	$18K-96.7%	$543K+165.1%	-$834K-28664.6%	-$3K-104.4%	$66K
Capital Expenditures	$691K+97.4%	$350K+151.2%	$139K	N/A	N/A	$0-100.0%	$2K-86.7%	$15K
Free Cash Flow	$126K-92.4%	$1.7M+147.8%	-$3.5M	N/A	N/A	-$834K-17072.3%	-$5K-109.6%	$51K
Investing Cash Flow	-$5.7M-66.4%	-$3.4M-631.9%	$642K+264.9%	$176K+143.9%	-$400K+86.4%	-$2.9M+67.1%	-$8.9M-6.9%	-$8.4M
Financing Cash Flow	$3.7M+63.9%	$2.2M-15.4%	$2.7M+194.2%	-$2.8M-160.8%	$4.6M+72.5%	$2.7M-63.8%	$7.4M-1.4%	$7.5M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CCNB Financial Ratios

Metric	FY12	FY11	FY10
Gross Margin	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A
Net Margin	1.9%+41.9pp	-40.0%+53.4pp	-93.3%
Return on Equity	0.5%+9.6pp	-9.1%+4.6pp	-13.6%
Return on Assets	0.1%+1.4pp	-1.4%+1.5pp	-2.8%
Current Ratio	N/A	N/A	N/A
Debt-to-Equity	6.02+0.3	5.70+1.8	3.87
FCF Margin	-32.0%-4.3pp	-27.7%+49.3pp	-77.0%

Metric	Q1'13	Q4'12	Q3'12	Q2'12	Q1'12	Q4'11	Q3'11	Q2'11
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	0.9%-11.8pp	12.7%+1.0pp	11.8%+15.2pp	-3.4%+12.0pp	-15.4%-7.6pp	-7.8%-3.1pp	-4.7%+44.5pp	-49.2%
Return on Equity	0.1%-0.9pp	0.9%+0.1pp	0.8%+1.0pp	-0.2%+0.8pp	-1.0%-0.5pp	-0.5%-0.2pp	-0.3%+2.4pp	-2.7%
Return on Assets	0.0%-0.1pp	0.1%+0.0pp	0.1%+0.1pp	-0.0%+0.1pp	-0.1%-0.1pp	-0.1%-0.0pp	-0.0%+0.4pp	-0.4%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	6.31+0.3	6.02+0.1	5.89+0.1	5.77-0.3	6.06+0.4	5.70+0.3	5.44+0.4	5.02
FCF Margin	12.2%-147.7pp	159.9%+506.5pp	-346.6%	N/A	N/A	-91.2%-90.7pp	-0.5%-7.2pp	6.7%

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Frequently Asked Questions

What is Coastal Carolina's annual revenue?

Coastal Carolina (CCNB) reported $3.9M in total revenue for fiscal year 2012. This represents a 22.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Coastal Carolina's revenue growing?

Coastal Carolina (CCNB) revenue grew by 22.6% year-over-year, from $3.2M to $3.9M in fiscal year 2012.

Is Coastal Carolina profitable?

Yes, Coastal Carolina (CCNB) reported a net income of $74K in fiscal year 2012, with a net profit margin of 1.9%.

What is Coastal Carolina's net profit margin?

Coastal Carolina (CCNB) had a net profit margin of 1.9% in fiscal year 2012, representing the share of revenue converted into profit after all expenses.

What is Coastal Carolina's return on equity (ROE)?

Coastal Carolina (CCNB) has a return on equity of 0.5% for fiscal year 2012, measuring how efficiently the company generates profit from shareholder equity.

What is Coastal Carolina's free cash flow?

Coastal Carolina (CCNB) generated -$1.3M in free cash flow during fiscal year 2012. This represents a -41.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Coastal Carolina's operating cash flow?

Coastal Carolina (CCNB) generated -$758K in operating cash flow during fiscal year 2012, representing cash generated from core business activities.

What are Coastal Carolina's total assets?

Coastal Carolina (CCNB) had $101.6M in total assets as of fiscal year 2012, including both current and long-term assets.

What are Coastal Carolina's capital expenditures?

Coastal Carolina (CCNB) invested $495K in capital expenditures during fiscal year 2012, funding long-term assets and infrastructure.

How many shares does Coastal Carolina have outstanding?

Coastal Carolina (CCNB) had 2M shares outstanding as of fiscal year 2012.

What is Coastal Carolina's debt-to-equity ratio?

Coastal Carolina (CCNB) had a debt-to-equity ratio of 6.02 as of fiscal year 2012, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Coastal Carolina's return on assets (ROA)?

Coastal Carolina (CCNB) had a return on assets of 0.1% for fiscal year 2012, measuring how efficiently the company uses its assets to generate profit.

What is Coastal Carolina's Piotroski F-Score?

Coastal Carolina (CCNB) has a Piotroski F-Score of 4 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Coastal Carolina's earnings high quality?

Coastal Carolina (CCNB) has an earnings quality ratio of -10.18x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.