BATM Advanced Communications Ltd.

OTCPK:BVCLF

Israel / Information Technology / Communications Equipment

Overview

Dividends

10Y Historical Financials

Stock Price

0.26 USD


Key Metrics	Latest
Total Revenue	117.3 M
Adjusted EBITDA	307 K
EBITDA Margin	0.3%
Net Profit Margin	-19.0%
Total Assets	149.2 M
Total Debt	8.651 M

10Y Historical Financial Statements

Summary Financials


Summary Financials

	Fiscal Year Ending										Latest
(in millions)	Dec-15	Dec-16	Dec-17	Dec-18	Dec-19	Dec-20	Dec-21	Dec-22	Dec-23	Dec-24	12 Months

Revenue	97	90	107	120	123	184	140	116	123	117	117
% Growth		-6.9%	18.5%	11.6%	3.2%	48.8%	-23.7%	-17.1%	5.8%	-4.5%

Adjusted EBITDA	2	(1)	2	2	0	16	14	3	3	0	0
% Margin	1.7%	-1.7%	1.4%	1.9%	0.2%	8.8%	9.9%	2.4%	2.5%	0.3%	0.3%

Adjusted EBIT	(1)	(4)	(1)	(0)	(2)	14	11	1	1	(5)	(5)
% Margin	-1.2%	-4.8%	-1.3%	-0.2%	-1.7%	7.4%	8.1%	0.4%	0.6%	-4.0%	-4.0%

Adjusted Net Income	(7)	(5)	(4)	(2)	(2)	11	5	(1)	(1)	(22)	(22)
% Margin	-7.6%	-5.8%	-4.0%	-1.3%	-1.3%	6.0%	3.6%	-0.8%	-0.9%	-19.0%	-19.0%

Adjusted Basic EPS	(0.02)	(0.01)	(0.01)	(0.00)	(0.00)	0.02	0.01	(0.00)	(0.00)	(0.05)	(0.05)

Supporting Calculations

Income Statement

Balance Sheet

Statement of Cashflows


Income Statement
											Press Release
USD	Fiscal Year Ending										Latest
(in millions)	Dec-15	Dec-16	Dec-17	Dec-18	Dec-19	Dec-20	Dec-21	Dec-22	Dec-23	Dec-24	Dec-24
	FY - 9	FY - 8	FY - 7	FY - 6	FY - 5	FY - 4	FY - 3	FY - 2	FY - 1	FY	LTM

Revenue	97	90	107	120	123	184	140	116	123	117	117
% Growth	NA	-6.9%	18.5%	11.6%	3.2%	48.8%	-23.7%	-17.1%	5.8%	-4.5%

Cost of Revenue	(66)	(62)	(74)	(85)	(90)	(123)	(89)	(78)	(83)	(81)	(81)
Gross Profit	31	28	33	34	33	61	51	38	40	37	37
% Revenue	31.8%	31.4%	30.6%	28.8%	26.9%	33.1%	36.5%	32.7%	32.5%	31.4%	31.4%

Research and Development	(8)	(9)	(10)	(9)	(8)	(11)	(10)	(8)	(6)	(5)	(5)
Selling and Marketing	(14)	(14)	(15)	(16)	(16)	(20)	(18)	(17)	(19)	(20)	(20)
General and Admin	(10)	(10)	(10)	(11)	(12)	(16)	(12)	(13)	(15)	(13)	(13)
Other Inc / (Exp)	(10)	3	5	2	7	(1)	13	2	2	(4)	(4)
Total Operating Exp	(42)	(30)	(30)	(34)	(29)	(48)	(27)	(36)	(39)	(41)	(41)

Operating Income	(11)	(1)	3	1	4	13	24	2	1	(4)	(4)
% Revenue	-11.3%	-1.3%	2.5%	0.5%	3.1%	7.1%	17.4%	1.6%	0.8%	-3.7%	-3.7%

Interest Expense	(0)	(0)	(0)	(0)	(0)	(1)	(0)	(1)	(0)	(1)	(1)
Pre-tax Income	(11)	(1)	2	0	4	13	24	1	1	(6)	(6)
Earnings of Discontinued Ops.	0	0	0	0	0	0	0	0	0	(15)	(15)
Provision for Taxes	(3)	(1)	(2)	(1)	(0)	(1)	(9)	(0)	(1)	(2)	(2)
Net Income to Company	(14)	(2)	(0)	(0)	3	11	15	1	(0)	(22)	(22)
% Margin	-14.5%	-2.5%	-0.1%	-0.3%	2.7%	6.3%	10.5%	0.7%	-0.2%	-19.0%	-19.0%

Minority Interest in Earnings	1	1	0	1	1	(2)	(0)	(1)	0	(0)	(0)
Net Income to Stockholders	(13)	(1)	0	0	4	10	14	0	(0)	(22)	(22)

Preferred Dividends	0	0	0	0	0	0	0	0	0	0	0
Other Adj.	0	0	0	0	0	0	0	0	0	15	15

Net Income to Common	(13)	(1)	0	0	4	10	14	0	(0)	(7)	(7)
% Margin	-13.6%	-1.2%	0.2%	0.3%	3.2%	5.3%	10.2%	0.2%	-0.2%	-6.4%	-6.4%

As Reported
Basic EPS (Continuing Ops)	(0.03)	(0.00)	0.00	0.00	0.01	0.02	0.03	0.00	(0.00)	(0.02)	(0.02)
Diluted EPS (Continuing Ops)	(0.03)	(0.00)	0.00	0.00	0.01	0.02	0.03	0.00	(0.00)	(0.02)	(0.02)

WA Basic Shares Out.	403.15	403.15	403.17	403.35	421.14	440.29	440.44	440.17	436.05	436.32	436.32
WA Diluted Shares Out.	403.15	403.15	404.63	406.25	425.10	444.06	444.27	442.36	436.82	436.32	436.32

EBITDA, EBIT Reconciliation
EBT, Incl. Unusual Items	(11)	(1)	2	0	4	13	24	1	1	(6)	(6)
Addback: Net Interest Expense	0	0	0	0	0	1	0	1	0	1	1
Addback: Other Non Operating Expenses, Total	1	1	2	1	1	1	(0)	1	1	(0)	(0)
Addback: Depreciation & Amortization	3	3	3	3	2	3	3	2	2	5	5
Addback: Restructuring Charges	0	0	0	0	0	0	0	0	0	0	0
Addback: Merger / Acquisition Expenses	0	0	0	0	0	0	0	0	0	0	0
Addback: Goodwill Impairment	0	0	0	0	0	0	0	0	0	0	0
Addback: Gain (Loss) On Sale Of Invest.	10	(0)	(0)	(0)	(7)	(1)	0	0	(0)	0	0
Addback: Gain (Loss) On Sale Of Assets	(0)	(4)	(6)	(2)	0	0	(13)	(2)	(0)	0	0
Addback: Asset Writedown	0	0	0	0	0	0	0	0	0	0	0
Addback: In Process R&D Expenses	0	0	0	0	0	0	0	0	0	0	0
Addback: Insurance Settlements	0	0	0	0	0	0	0	0	0	0	0
Addback: Legal Settlements	0	0	0	0	0	0	0	0	0	0	0
Addback: Other Unusual Items	0	0	0	0	0	0	0	(0)	(1)	0	0
Adjusted EBITDA	2	(1)	2	2	0	16	14	3	3	0	0
% Margin	1.7%	-1.7%	1.4%	1.9%	0.2%	8.8%	9.9%	2.4%	2.5%	0.3%	0.3%

Adjusted EBIT	(1)	(4)	(1)	(0)	(2)	14	11	1	1	(5)	(5)
% Margin	-1.2%	-4.8%	-1.3%	-0.2%	-1.7%	7.4%	8.1%	0.4%	0.6%	-4.0%	-4.0%

Adjusted Net Income Reconciliation
Net Income to Company	(14)	(2)	(0)	(0)	3	11	15	1	(0)	(22)	(22)
Addback: Unusual Items	9	(4)	(6)	(2)	(7)	(1)	(13)	(2)	(1)	0	0
Less: Tax Benefit of Unusual Items (26%)	(2)	1	1	0	2	0	3	1	0	0	0
Adjusted Net Income	(7)	(5)	(4)	(2)	(2)	11	5	(1)	(1)	(22)	(22)
% Margin	-7.6%	-5.8%	-4.0%	-1.3%	-1.3%	6.0%	3.6%	-0.8%	-0.9%	-19.0%	-19.0%

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BATM Advanced Communications Ltd.

OTCPK:BVCLF

Israel / Information Technology / Communications Equipment

10Y Historical Financials