RiverNorth Opportunistic Municipal Income Fund (RMI) Financial Statements
Price: $13.7688
Market Cap: $87.77M
Avg Volume: 17.26K
Market Cap: $87.77M
Avg Volume: 17.26K
Country: US
Industry: Financial - Conglomerates
Sector: Financial Services
Industry: Financial - Conglomerates
Sector: Financial Services
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of RiverNorth Opportunistic Municipal Income Fund.
Income Statement
| Breakdown | June 30, 2024 | June 30, 2023 | June 30, 2022 | June 30, 2021 | June 30, 2020 | June 30, 2019 |
|---|---|---|---|---|---|---|
| Revenue | $5.81M | $4.50M | $-26.28M | $22.24M | $5.02M | $21.93M |
| Cost of Revenue | $2.33M | $2.44M | $2.67M | $2.71M | $2.80M | $- |
| Gross Profit | $3.48M | $2.06M | $-28.95M | $19.53M | $2.22M | $21.93M |
| Gross Profit Ratio | 59.90% | 45.80% | 110.14% | 87.81% | 44.20% | 100.00% |
| Research and Development Expenses | $- | $1 | $-4 | $1 | $0 | $- |
| General and Administrative Expenses | $658.47K | $537.27K | $499.33K | $511.74K | $500.12K | $307.43K |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $658.47K | $537.27K | $499.33K | $511.74K | $500.12K | $307.43K |
| Other Expenses | $160.22K | $5.23M | $177.39K | $183.72K | $191.03K | $121.76K |
| Operating Expenses | $818.69K | $703.38K | $676.73K | $695.46K | $691.14K | $429.19K |
| Cost and Expenses | $3.15M | $703.38K | $676.73K | $695.46K | $691.14K | $429.19K |
| Interest Income | $3.79M | $5.19M | $4.24M | $3.85M | $3.85M | $2.39M |
| Interest Expense | $2.82M | $2.38M | $553.53K | $459.38K | $1.44M | $1.09M |
| Depreciation and Amortization | $- | $228.49K | $236.56K | $206.30K | $171.86K | $161.14K |
| EBITDA | $10.74M | $6.18M | $-26.41M | $21.54M | $5.78M | $44.25M |
| EBITDA Ratio | 184.74% | 137.13% | 100.47% | 96.87% | 114.99% | 201.81% |
| Operating Income | $2.66M | $3.80M | $-26.41M | $21.54M | $5.78M | $22.59M |
| Operating Income Ratio | 45.82% | 84.38% | 100.47% | 96.87% | 114.99% | 103.03% |
| Total Other Income Expenses Net | $5.26M | $2.44M | $-553.53K | $- | $-1.44M | $- |
| Income Before Tax | $7.92M | $3.80M | $-26.96M | $21.54M | $4.33M | $21.50M |
| Income Before Tax Ratio | 136.28% | 84.38% | 102.57% | 96.87% | 86.24% | 98.04% |
| Income Tax Expense | $- | $6.18M | $-26.41M | $22.00M | $5.78M | $-161.14K |
| Net Income | $7.92M | $3.80M | $-26.96M | $21.54M | $4.33M | $21.50M |
| Net Income Ratio | 136.28% | 84.38% | 102.57% | 96.87% | 86.24% | 98.04% |
| EPS | $1.24 | $0.60 | $-4.23 | $3.38 | $0.68 | $3.37 |
| EPS Diluted | $1.24 | $0.60 | $-4.23 | $3.38 | $0.68 | $3.37 |
| Weighted Average Shares Outstanding | 6.37M | 6.37M | 6.37M | 6.37M | 6.37M | 6.38M |
| Weighted Average Shares Outstanding Diluted | 6.37M | 6.37M | 6.37M | 6.37M | 6.37M | 6.38M |
| SEC Filing | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | June 30, 2024 | June 30, 2023 | June 30, 2022 | June 30, 2021 | June 30, 2020 | June 30, 2019 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $23.93K | $- | $172.96K | $172.96K | $940.00K | $534.00K |
| Short Term Investments | $3.39M | $4.06M | $7.73M | $14.59M | $4.22M | $- |
| Cash and Short Term Investments | $3.42M | $4.06M | $172.96K | $172.96K | $940.00K | $534.00K |
| Net Receivables | $1.85M | $1.91M | $1.66M | $2.24M | $1.52M | $2.33M |
| Inventory | $- | $- | $9.22M | $17.00M | $5.74M | $- |
| Other Current Assets | $-5.27M | $-5.97M | $-16.95M | $-31.59M | $-9.03M | $11.01K |
| Total Current Assets | $- | $1.91M | $1.66M | $2.41M | $2.55M | $2.86M |
| Property Plant Equipment Net | $- | $- | $- | $- | $- | $- |
| Goodwill | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $171.35M | $180.47M | $202.25M | $226.86M | $208.46M | $222.58M |
| Tax Assets | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $-171.35M | $-180.47M | $-202.25M | $-226.86M | $-208.46M | $-222.58M |
| Total Non-Current Assets | $- | $180.47M | $202.25M | $226.86M | $208.46M | $222.58M |
| Other Assets | $174.90M | $1.72M | $1.69M | $835.22K | $18.24K | $11.01K |
| Total Assets | $174.90M | $184.10M | $205.59M | $230.10M | $211.02M | $225.46M |
| Account Payables | $736.97K | $864.23K | $243.15K | $5.58M | $280.18K | $1.29M |
| Short Term Debt | $- | $- | $- | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $- | $- | $- |
| Other Current Liabilities | $254.66K | $-864.23K | $-243.15K | $-5.58M | $-280.18K | $1.62M |
| Total Current Liabilities | $991.63K | $864.23K | $243.15K | $5.58M | $570.89K | $2.92M |
| Long Term Debt | $64.06M | $73.42M | $- | $58.84M | $- | $- |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $- | $-73.42M | $- | $-58.84M | $- | $- |
| Total Non-Current Liabilities | $64.06M | $73.42M | $243.15K | $68.84M | $68.52M | $77.92M |
| Other Liabilities | $- | $458.93K | $91.87M | $449.91K | $-4 | $2 |
| Total Liabilities | $65.05M | $74.75M | $92.36M | $74.88M | $69.09M | $80.84M |
| Preferred Stock | $- | $- | $- | $- | $- | $- |
| Common Stock | $113.39M | $119.59M | $124.68M | $126.09M | $126.56M | $127.79M |
| Retained Earnings | $-3.53M | $-10.24M | $-11.45M | $29.13M | $15.38M | $16.82M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $- | $29.13M | $15.38M | $- |
| Other Total Stockholders Equity | $- | $- | $- | $-29.13M | $-15.38M | $- |
| Total Stockholders Equity | $109.85M | $109.35M | $113.23M | $155.23M | $141.94M | $144.62M |
| Total Equity | $109.85M | $109.35M | $113.23M | $155.23M | $141.94M | $144.62M |
| Total Liabilities and Stockholders Equity | $174.90M | $184.10M | $205.59M | $230.10M | $211.02M | $225.46M |
| Minority Interest | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $174.90M | $184.10M | $205.59M | $230.10M | $211.02M | $225.46M |
| Total Investments | $171.35M | $180.47M | $202.25M | $226.86M | $208.46M | $222.58M |
| Total Debt | $64.06M | $73.42M | $90.42M | $68.84M | $68.52M | $77.92M |
| Net Debt | $-23.93K | $73.42M | $90.24M | $68.67M | $67.57M | $77.39M |
Cash Flow Statement
| Breakdown | June 30, 2024 | June 30, 2023 | June 30, 2022 | June 30, 2021 | June 30, 2020 | June 30, 2019 |
|---|---|---|---|---|---|---|
| Net Income | $7.92M | $3.80M | $-26.96M | $21.54M | $4.33M | $21.50M |
| Depreciation and Amortization | $- | $- | $- | $- | $- | $- |
| Deferred Income Tax | $- | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $- | $- | $- | $- | $- |
| Change in Working Capital | $-351.51K | $-302.04K | $356.50K | $59.46K | $-83.93K | $-884.00K |
| Accounts Receivables | $54.51K | $-286.12K | $-261.68K | $75.57K | $248.52K | $- |
| Inventory | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $-191.11K | $-589.96K | $590.67K | $17.32K | $10.23K | $- |
| Other Working Capital | $-214.91K | $574.04K | $27.51K | $-33.43K | $-342.69K | $- |
| Other Non Cash Items | $-2.50M | $21.77M | $20.03M | $-13.72M | $13.92M | $-222.46M |
| Net Cash Provided by Operating Activities | $5.07M | $25.26M | $-6.58M | $7.88M | $18.17M | $-201.85M |
| Investments in Property Plant and Equipment | $- | $- | $- | $- | $- | $- |
| Acquisitions Net | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $-111.72M | $-87.74M | $-213.08M | $-84.26M | $-119.33M | $- |
| Sales Maturities of Investments | $122.68M | $100.72M | $189.26M | $94.73M | $136.97M | $- |
| Other Investing Activities | $- | $- | $- | $- | $- | $- |
| Net Cash Used for Investing Activities | $10.95M | $12.97M | $-23.83M | $10.47M | $17.64M | $- |
| Debt Repayment | $-9.46M | $-17.04M | $22.18M | $330.00K | $-10.34M | $- |
| Common Stock Issued | $- | $- | $- | $- | $- | $127.11M |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $-7.42M | $-7.68M | $-15.04M | $-8.26M | $-7.01M | $-4.09M |
| Other Financing Activities | $- | $-595.70K | $649.70K | $- | $-406.00K | $79.26M |
| Net Cash Used Provided by Financing Activities | $-16.88M | $-25.32M | $7.18M | $-7.93M | $-17.76M | $202.28M |
| Effect of Forex Changes on Cash | $- | $-12.97M | $23.83M | $-10.47M | $-17.64M | $- |
| Net Change in Cash | $-1.43M | $-54.00K | $605.04K | $-42.04K | $406.00K | $434.00K |
| Cash at End of Period | $1.35M | $1.45M | $1.50M | $897.96K | $940.00K | $534.00K |
| Cash at Beginning of Period | $1.45M | $1.50M | $897.96K | $940.00K | $534.00K | $100.00K |
| Operating Cash Flow | $5.07M | $25.26M | $-6.58M | $7.88M | $18.17M | $-201.85M |
| Capital Expenditure | $- | $- | $- | $- | $- | $- |
| Free Cash Flow | $5.07M | $25.26M | $-6.58M | $7.88M | $18.17M | $-201.85M |