Adjusted net income Add back the acquisition costs in Q4 and they achieved $5m in net income in Q4 alone. The market cap is $89m!
Adjusted net income for the year is $15.3m or $0.33/share and Q4 eps of $0.11.
fcf = $14,339 (add back $1,870) in acquisition costs or $0.33/share
fcf (ex working capital) = $17,971 or ~ $0.41/share