Bimini Capital Management Inc - Understand $bmnm stock

$BMNM Market Cap: $9.566 Million

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$19.41M

TTM

Gross Margin

67.41%

TTM

Net Earnings

-$4.660M

TTM

Current Assets

Current Liabilities

Current Ratio

Total Assets

$151.6M

Q3 2024

Total Liabilities

$143.3M

Q3 2024

Book Value

$8.324M

Q3 2024

Cash

$4.562M

Q3 2024

P/E

-2.053

Nov 13, 2024 EST

Free Cash Flow

-$876.9K

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Revenue	$17.93M	$16.15M	$14.05M	$12.31M	$16.24M	$17.76M	$16.00M	$12.07M	$4.312M	$34.44M	$9.795M	$4.239M	$5.086M	$6.467M	$15.80M	$26.50M	$87.40M	$255.0M	$161.5M	$49.60M	$100.0K
YoY Change	11.02%	14.95%	14.12%	-24.17%	-8.58%	10.96%	32.62%	179.85%	-87.48%	251.6%	131.08%	-16.67%	-21.35%	-59.07%	-40.38%	-69.68%	-65.73%	57.89%	225.6%	49500.0%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Revenue	$17.93M	$16.15M	$14.05M	$12.31M	$16.24M	$17.76M	$16.00M	$12.07M	$4.312M	$34.44M	$9.795M	$4.239M	$5.086M	$6.467M	$15.80M	$26.50M	$87.40M	$255.0M	$161.5M	$49.60M	$100.0K
Cost Of Revenue	$5.419M	$2.131M	$1.113M	$2.224M	$6.175M	$5.520M	$3.033M	$1.856M	$1.423M	$4.266M	$2.300M	$1.500M	$1.300M	$2.400M	$5.600M	$26.80M	$111.3M	$241.5M	$123.7M	$23.20M	$0.00
Gross Profit	$10.64M	$1.874M	$8.193M	-$191.7K	$10.13M	$791.6K	$9.298M	$10.27M	$6.436M	$35.21M	$5.400M	$4.000M	$5.000M	$5.900M	$10.20M	-$200.0K	-$23.90M	$13.50M	$37.80M	$26.40M	$0.00
Gross Profit Margin	59.37%	11.6%	58.31%	-1.56%	62.4%	4.46%	58.1%	85.12%	149.27%	102.25%	55.13%	94.37%	98.3%	91.23%	64.56%	-0.75%	-27.35%	5.29%	23.41%	53.23%	0.0%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Selling, General & Admin	$10.50M	$9.839M	$8.285M	$6.667M	$6.440M	$6.443M	$6.403M	$5.744M	$9.699M	$7.221M	$9.163M	$6.076M	$7.617M	$7.821M	$3.900M	$5.600M	$7.600M	$75.90M	$19.10M	$3.500M	$300.0K
YoY Change	6.7%	18.75%	24.28%	3.53%	-0.05%	0.63%	11.48%	-40.78%	34.32%	-21.2%	50.8%	-20.22%	-2.62%	100.55%	-30.36%	-26.32%	-89.99%	297.38%	445.71%	1066.67%
% of Gross Profit	98.62%	525.1%	101.13%		63.56%	813.88%	68.86%	55.92%	150.69%	20.5%	169.68%	151.91%	152.33%	132.57%	38.24%			562.22%	50.53%	13.26%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$76.49K	$73.05K	$69.25K	$69.54K	$73.06K	$76.64K	$77.11K	$85.57K	$91.99K	$102.8K	$121.8K	$119.7K	$119.2K	$206.9K	$500.0K	$800.0K	$800.0K	$4.400M	$800.0K
YoY Change	4.7%	5.49%	-0.41%	-4.82%	-4.67%	-0.61%	-9.89%	-6.98%	-10.51%	-15.61%	1.8%	0.4%	-42.4%	-58.61%	-37.5%	0.0%	-81.82%	450.0%
% of Gross Profit	0.72%	3.9%	0.85%		0.72%	9.68%	0.83%	0.83%	1.43%	0.29%	2.26%	2.99%	2.38%	3.51%	4.9%			32.59%	2.12%
Operating Expenses	$10.50M	$9.839M	$8.285M	$6.667M	$6.440M	$6.442M	$6.403M	$5.743M	$9.699M	$7.221M	$9.163M	$6.076M	$7.617M	$7.821M	$4.500M	$6.200M	$63.70M	$101.0M	$18.60M	$3.700M	$300.0K
YoY Change	6.69%	18.76%	24.27%	3.52%	-0.03%	0.61%	11.49%	-40.79%	34.32%	-21.2%	50.8%	-20.22%	-2.62%	73.81%	-27.42%	-90.27%	-36.93%	443.01%	402.7%	1133.33%
Operating Profit	$147.4K	-$7.965M	-$92.07K	-$6.859M	$3.692M	-$5.650M	$2.895M	$4.528M	-$3.262M	$27.99M	-$3.763M	-$2.076M	-$2.617M	-$1.921M	$5.700M	-$6.400M	-$87.60M	-$87.50M	$19.20M	$22.70M	-$300.0K
YoY Change	-101.85%	8551.38%	-98.66%	-285.8%	-165.33%	-295.16%	-36.06%	-238.81%	-111.65%	-843.92%	81.23%	-20.65%	36.18%	-133.71%	-189.06%	-92.69%	0.11%	-555.73%	-15.42%	-7666.67%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2008	2007	2006	2005	2004	2003
Interest Expense		$2.131M	$1.113M					$747.4K	$425.1K	$3.281M	$1.280M	$436.1K	$270.8K	$278.1K	$0.00	-$2.700M	$7.900M	$900.0K	$100.0K	$0.00
YoY Change		91.46%						75.81%	-87.04%	156.39%	193.45%	61.05%	-2.62%		-100.0%	-134.18%	777.78%	800.0%
% of Operating Profit								16.5%		11.72%								4.69%	0.44%
Other Income/Expense, Net	-$1.867M	-$12.15M	-$4.744M	-$10.28M	-$603.1K	-$11.45M	-$3.673M	$59.94K							$0.00	$0.00	$0.00	-$1.500M
YoY Change	-84.63%	156.03%	-53.85%	1604.31%	-94.73%	211.69%	-6227.53%									-100.0%	-100.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Pretax Income	$147.4K	-$7.965M	-$92.00K	-$6.859M	$3.018M	-$5.651M	$2.896M	$4.528M	-$3.219M	$27.99M	-$3.832M	-$2.030M	-$2.622M	-$1.893M	$47.70M	-$6.500M	-$90.30M	-$76.80M	$20.10M	$22.90M	-$300.0K
YoY Change	-101.85%	8557.61%	-98.66%	-327.24%	-153.41%	-295.17%	-36.05%	-240.66%	-111.5%	-830.55%	88.8%	-22.6%	38.55%	-103.97%	-833.85%	-92.8%	17.58%	-482.09%	-12.23%	-7733.33%
Income Tax	$4.131M	$11.86M	-$368.0K	-$1.369M	-$10.28M	$21.13M	$19.38M	$1.142M	-$62.45M	-$1.878M	-$1.248M	$0.00	$0.00	-$145.0K	$100.0K	$0.00	$0.00	-$27.20M	-$4.200M	$0.00	$0.00
% Of Pretax Income	2803.38%				-340.64%		669.24%	25.22%		-6.71%					0.21%				-20.9%	0.0%
Net Earnings	-$3.983M	-$19.82M	$275.4K	-$5.489M	$13.30M	-$26.78M	-$16.48M	$3.386M	$59.23M	$7.745M	-$2.330M	-$2.030M	-$2.622M	-$1.748M	$45.70M	-$56.40M	-$247.7M	-$49.50M	$24.30M	$22.90M	-$300.0K
YoY Change	-79.91%	-7297.57%	-105.02%	-141.27%	-149.67%	62.46%	-586.79%	-94.28%	664.78%	-432.4%	14.8%	-22.6%	50.05%	-103.82%	-181.03%	-77.23%	400.4%	-303.7%	6.11%	-7733.33%
Net Earnings / Revenue	-22.21%	-122.74%	1.96%	-44.58%	81.92%	-150.79%	-102.99%	28.06%	1373.61%	22.49%	-23.79%	-47.88%	-51.55%	-27.02%	289.24%	-212.83%	-283.41%	-19.41%	15.05%	46.17%	-300.0%
Basic Earnings Per Share
Diluted Earnings Per Share	-$0.40	-$1.90	$24.52K	-$471.6K	$1.089M	-$2.101M	-$1.301M	$266.0K	$4.770M	$633.3K	-$209.1K	-$194.2K	-$262.6K	-$175.3K	$16.32M	-$21.69M	-$99.08M	-$20.63M	$11.57M	$20.82M	-$272.7K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Cash & Short-Term Investments	$3.716M	$6.011M	$8.421M	$7.558M	$8.070M	$4.948M	$6.103M	$4.429M	$6.311M	$4.699M	$12.00M	$6.600M	$4.300M	$2.800M	$6.400M	$7.700M	$27.30M	$92.50M	$130.5M	$128.9M	$18.40M
YoY Change	-38.17%	-28.62%	11.42%	-6.34%	63.1%	-18.93%	37.79%	-29.81%	34.3%	-60.84%	81.82%	53.49%	53.57%	-56.25%	-16.88%	-71.79%	-70.49%	-29.12%	1.24%	600.54%
Cash & Equivalents	$3.716M	$6.011M	$8.421M	$7.558M	$8.070M	$4.948M	$6.103M	$4.429M	$6.311M	$4.699M	$12.00M	$6.600M	$4.300M	$2.800M	$6.400M	$7.700M	$27.30M	$92.50M	$130.5M	$128.9M	$18.40M
Short-Term Investments
Other Short-Term Assets										$0.00	$300.0K	$300.0K	$400.0K	$500.0K	$1.300M	$4.600M	$5.300M	$21.60M	$19.30M	$700.0K	$0.00
YoY Change										-100.0%	0.0%	-25.0%	-20.0%	-61.54%	-71.74%	-13.21%	-75.46%	11.92%	2657.14%
Inventory												$0.00	$0.00	$0.00	$0.00
Prepaid Expenses
Receivables	$488.7K	$204.0K	$229.9K	$202.2K	$750.9K	$780.5K	$746.1K	$512.8K	$351.1K	$460.3K	$1.700M	$700.0K	$900.0K	$1.000M	$1.200M	$1.100M	$3.700M	$26.30M	$37.20M	$14.80M	$1.000M
Other Receivables	$1.013M	$1.131M	$1.062M	$632.5K	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.300M	$2.100M	$2.700M	$3.600M	$0.00	$0.00	$0.00	$959.7M	$1.106B	$0.00	$0.00
Total Short-Term Assets	$5.218M	$7.346M	$9.714M	$8.393M	$8.821M	$5.728M	$6.849M	$4.942M	$6.662M	$5.159M	$15.30M	$9.700M	$8.300M	$7.900M	$8.900M	$13.40M	$36.30M	$1.100B	$1.293B	$144.4M	$19.40M
YoY Change	-28.96%	-24.38%	15.73%	-4.85%	53.99%	-16.37%	38.59%	-25.81%	29.12%	-66.28%	57.73%	16.87%	5.06%	-11.24%	-33.58%	-63.09%	-96.7%	-14.9%	795.22%	644.33%
Property, Plant & Equipment	$1.921M	$1.997M	$2.024M	$2.093M	$2.163M	$3.298M	$3.359M	$3.407M	$3.493M	$3.585M	$3.700M	$3.800M	$3.900M	$3.900M	$4.000M	$4.100M	$4.200M	$15.80M	$16.10M	$2.100M	$100.0K
YoY Change	-3.83%	-1.33%	-3.31%	-3.22%	-34.42%	-1.82%	-1.4%	-2.45%	-2.57%	-3.12%	-2.63%	-2.56%	0.0%	-2.5%	-2.44%	-2.38%	-73.42%	-1.86%	666.67%	2000.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$92.73M	$45.89M	$60.80M	$65.18M	$217.8M	$212.4M	$209.7M	$130.3M	$83.99M	$117.8M	$390.1M	$169.5M	$93.00M	$137.1M	$119.7M	$172.1M	$690.6M	$2.809B	$3.494B	$2.973B	$225.7M
YoY Change	102.06%	-24.52%	-6.71%	-70.08%	2.55%	1.3%	60.93%	55.14%	-28.72%	-69.79%	130.15%	82.26%	-32.17%	14.54%	-30.45%	-75.08%	-75.41%	-19.61%	17.52%	1217.32%
Other Assets	$19.80M	$23.94M	$36.43M	$38.02M	$38.05M	$24.50M	$47.17M	$65.06M	$65.23M	$2.634M	$2.600M	$800.0K	$400.0K	$3.500M	$2.500M	$0.00	$8.800M	$7.200M	$2.300M	$8.700M
YoY Change	-17.29%	-34.28%	-4.19%	-0.08%	55.35%	-48.07%	-27.49%	-0.27%	2376.88%	1.3%	225.0%	100.0%	-88.57%	40.0%		-100.0%	22.22%	213.04%	-73.56%
Total Long-Term Assets	$120.4M	$78.97M	$112.4M	$120.3M	$270.7M	$253.7M	$277.7M	$217.9M	$170.4M	$141.7M	$399.2M	$177.7M	$101.0M	$149.1M	$140.4M	$219.4M	$800.2M	$2.838B	$3.512B	$2.984B	$225.9M
YoY Change	52.43%	-29.72%	-6.6%	-55.55%	6.7%	-8.67%	27.45%	27.9%	20.23%	-64.5%	124.65%	75.94%	-32.26%	6.2%	-36.01%	-72.58%	-71.8%	-19.21%	17.71%	1220.94%
Total Assets	$125.6M	$86.32M	$122.1M	$128.7M	$279.5M	$259.4M	$284.6M	$222.9M	$177.1M	$146.9M	$414.5M	$187.4M	$109.3M	$157.0M	$149.3M	$232.8M	$836.5M	$3.938B	$4.805B	$3.128B	$245.3M
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$260.4K	$194.6K	$55.61K	$107.4K	$645.3K	$678.3K	$346.4K	$114.2K	$83.96K	$94.40K	$100.0K	$100.0K	$100.0K	$100.0K	$100.0K	$1.000M	$3.900M	$17.80M	$30.20M	$8.000M	$0.00
YoY Change	33.8%	249.99%	-48.23%	-83.35%	-4.86%	95.78%	203.36%	36.02%	-11.06%	-5.6%	0.0%	0.0%	0.0%	0.0%	-90.0%	-74.36%	-78.09%	-41.06%	277.5%
Deferred Revenue
YoY Change
Short-Term Debt	$86.91M	$43.82M	$58.88M	$65.07M	$210.0M	$200.4M	$200.2M	$121.8M	$77.23M	$110.0M	$353.4M	$150.3M	$69.50M	$113.6M	$100.3M	$148.7M	$678.2M	$3.477B	$4.211B	$2.771B	$188.8M
YoY Change	98.34%	-25.58%	-9.52%	-69.01%	4.77%	0.11%	64.32%	57.74%	-29.76%	-68.88%	135.13%	116.26%	-38.82%	13.26%	-32.55%	-78.07%	-80.49%	-17.45%	51.97%	1367.8%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$87.17M	$44.01M	$58.93M	$65.18M	$210.6M	$201.1M	$200.5M	$121.9M	$79.18M	$110.1M	$353.5M	$150.4M	$69.60M	$113.7M	$119.1M	$149.7M	$682.1M	$3.496B	$4.242B	$2.779B	$188.8M
YoY Change	98.05%	-25.32%	-9.58%	-69.05%	4.74%	0.27%	64.45%	54.01%	-28.06%	-68.87%	135.04%	116.09%	-38.79%	-4.53%	-20.44%	-78.05%	-80.49%	-17.58%	52.61%	1372.09%
Long-Term Debt	$27.39M	$27.42M	$27.44M	$27.61M	$27.48M	$26.80M	$26.80M	$26.80M	$26.80M	$26.80M	$26.80M	$26.80M	$26.80M	$26.80M	$26.80M	$103.1M	$103.1M	$225.1M	$208.0M	$0.00	$0.00
YoY Change	-0.08%	-0.08%	-0.63%	0.48%	2.52%	0.0%	0.0%	0.0%	0.0%	0.02%	0.0%	0.0%	0.0%	0.0%	-74.01%	0.0%	-54.2%	8.22%
Other Long-Term Liabilities	$2.908M	$2.764M	$2.712M	$1.421M	$1.432M	$2.566M	$1.563M	$1.977M	$2.533M	$814.6K	$800.0K	$6.600M	$7.500M	$8.100M	$8.500M	$10.90M	$28.50M	$23.80M	$84.70M	$66.20M	$100.0K
YoY Change	5.23%	1.91%	90.81%	-0.71%	-44.22%	64.2%	-20.96%	-21.95%	211.0%	1.83%	-87.88%	-12.0%	-7.41%	-4.71%	-22.02%	-61.75%	19.75%	-71.9%	27.95%	66100.0%
Total Long-Term Liabilities	$30.30M	$30.18M	$30.15M	$29.03M	$28.91M	$29.37M	$28.37M	$28.78M	$29.34M	$27.62M	$27.60M	$33.40M	$34.30M	$34.90M	$35.30M	$114.0M	$131.6M	$248.9M	$292.7M	$66.20M	$100.0K
YoY Change	0.41%	0.1%	3.85%	0.42%	-1.56%	3.54%	-1.44%	-1.9%	6.22%	0.07%	-17.37%	-2.62%	-1.72%	-1.13%	-69.04%	-13.37%	-47.13%	-14.96%	342.15%	66100.0%
Total Liabilities	$117.5M	$74.19M	$89.08M	$94.21M	$239.5M	$230.4M	$228.9M	$150.7M	$108.5M	$137.7M	$412.8M	$183.8M	$103.9M	$148.6M	$154.5M	$263.7M	$813.6M	$3.745B	$4.553B	$2.846B	$189.0M
YoY Change	58.33%	-16.72%	-5.44%	-60.66%	3.93%	0.68%	51.87%	38.9%	-21.18%	-66.65%	124.59%	76.9%	-30.08%	-3.82%	-41.41%	-67.59%	-78.28%	-17.73%	59.99%	1405.56%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

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Market Cap: $9.5659 Million

About Bimini Capital Management Inc

Bimini Capital Management, Inc. is a specialty finance company, which engages in the business of investing in residential mortgage-related securities issued by the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, and the Government National Mortgage Association. The company is headquartered in Vero Beach, Florida and currently employs 9 full-time employees. The company went IPO on 2004-09-16. The firm operates through two segments: the asset management segment and the investment portfolio segment. The investment portfolio segment includes the investment activities conducted at Bimini Capital’s wholly owned subsidiary, Royal Palm Capital, LLC (Royal Palm). The asset management segment includes investment advisory services provided by Bimini Advisors Holdings, LLC (Bimini Advisors) to Orchid Island Capital, Inc (Orchid). Its portfolio consists of two categories of Agency mortgage-backed securities (MBS): traditional pass-through Agency MBS, such as mortgage pass-through certificates and collateralized mortgage obligations, and structured Agency MBS, such as interest-only securities and principal-only securities. The Company’s wholly owned subsidiaries include is Bimini Capital Management, Inc, Royal Palm, and Bimini Advisors. Royal Palm maintains an investment portfolio, consisting primarily of MBS.

Industry: Real Estate Investment Trusts Peers: Acres Commercial Realty Corp Annaly Capital Management Inc Arlington Asset Investment Corp. Manhattan Bridge Capital Inc Ellington Credit Co Western Asset Mortgage Capital Corp