$281.6 M

AXAS Mkt cap, 04-Dec-2018

$27.5 M

Abraxas Revenue Q2, 2018
Abraxas Net income (Q2, 2018)-10.6 M
Abraxas EBIT (Q2, 2018)10.9 M
Abraxas Cash, 30-Jun-2018882 K
Abraxas EV280.9 M

Abraxas Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

94.3m133.8m67.0m56.6m86.3m

Revenue growth, %

42%(50%)(16%)

General and administrative expense

12.9m11.8m13.6m16.3m

Operating expense total

12.9m11.8m13.6m16.3m

EBIT

14.9m39.9m(141.8m)(73.4m)21.3m

EBIT margin, %

16%30%(212%)(130%)25%

Interest expense

4.6m2.6m3.9m4.3m2.9m

Interest income

3.0k2.0k2.0k1.0k1.0k

Pre tax profit

39.3m

Income tax expense

(700.0k)287.0k279.0k

Net Income

38.6m63.3m(127.1m)(96.4m)16.0m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

29.1m25.9m33.6m44.2m18.7m18.9m16.1m9.6m11.0m14.0m18.8m13.2m24.7m40.6m27.5m

Cost of goods sold

17.9m18.6m21.0m27.6m11.9m19.1m20.5m

Gross profit

11.2m7.3m12.6m16.7m1.3m5.7m20.1m

Gross profit Margin, %

38%28%38%38%10%23%49%

Sales and marketing expense

7.3m

General and administrative expense

2.4m2.8m3.1m2.5m3.0m3.5m2.7m2.7m2.8m2.8m2.7m2.9m5.1m2.7m3.1m

Operating expense total

7.9m8.7m8.9m9.8m3.0m3.5m2.7m2.7m2.8m2.8m2.7b2.9b5.1m2.7m5.8m

Depreciation and amortization

8.7m

EBIT

11.2m7.3m12.6m16.7m(4.5m)(1.5m)(63.4m)(40.1m)(31.9m)(5.0m)5.0m1.3m5.7m20.1m10.9m

EBIT margin, %

38%28%38%38%(24%)(8%)(395%)(420%)(290%)(35%)26%10%23%49%40%

Interest expense

1.1m608.0k783.0k554.0k834.0k958.0k992.0k1.2m1.2m960.0k507.0k501.0k868.0k1.3m1.6m

Interest income

1.0k1.0k1.0k1.0k1.0k1.0k

Pre tax profit

7.2m(770.0k)10.8m(10.6m)

Income tax expense

Net Income

3.2m4.7m3.0m25.4m(718.0k)(6.6m)(52.4m)(40.9m)(46.9m)(3.3m)13.7m7.2m(770.0k)10.8m(10.6m)

Abraxas Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

5.2m3.8m3.5m1.6m

Accounts Receivable

10.5m

Inventories

Current Assets

39.5m38.4m32.7m23.9m34.5m

PP&E

180.6m224.8m237.8m

Total Assets

223.7m374.9m267.9m161.6m273.8m

Accounts Payable

52.8m63.5m24.8m18.4m45.6m

Short-term debt

2.1m2.3m262.0k

Current Liabilities

82.7m81.3m35.1m31.1m68.9m

Long-term debt

Total Debt

2.1m2.3m262.0k

Total Liabilities

136.7m183.4m143.1m167.5m

Additional Paid-in Capital

253.2m309.8m313.9m344.0m415.5m

Retained Earnings

(166.6m)(103.3m)(230.4m)(326.8m)(310.8m)

Total Equity

84.5m18.5m106.3m

Debt to Equity Ratio

0 x

Debt to Assets Ratio

0 x

Financial Leverage

3.2 x8.7 x2.6 x

Abraxas Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

38.6m63.3m(127.1m)(96.4m)16.0m

Accounts Receivable

(13.2m)11.9m

Inventories

Accounts Payable

27.3m1.6m(46.0m)(3.5m)6.2m

Cash From Operating Activities

51.7m7.0m26.9m38.1m

Cash From Investing Activities

32.5m

Cash From Financing Activities

(81.0m)

Interest Paid

4.0m2.0m3.3m3.9m2.4m

Income Taxes Paid

391.0k

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

11.7m4.7m7.7m25.4m(718.0k)(7.3m)(59.7m)(40.9m)(87.8m)(91.1m)13.7m20.9m20.1m10.8m225.0k

Depreciation and Amortization

18.8m

Accounts Receivable

(17.4m)6.8m4.8m9.1m6.1m9.6m3.1m2.3m(2.7m)4.2m1.9m(3.0m)6.5m(631.0k)

Accounts Payable

18.9m(18.4m)(10.6m)45.0m(48.2m)(34.1m)(45.0m)(15.6m)(13.2m)(2.2m)(3.0m)8.6m(7.9m)(741.0k)5.8m

Cash From Operating Activities

36.0m2.4m29.5m(2.5m)12.5m22.2m11.8m28.4m22.3m32.2m45.3m

Cash From Investing Activities

(18.7m)(33.9m)(87.3m)(12.4m)(39.5m)(52.5m)10.0k(1.2m)(7.0m)(335.0k)(73.7m)

Cash From Financing Activities

(14.3m)26.7m56.4m39.6m37.0m48.6m(577.0k)(10.4m)1.9m34.8m19.8m27.7m

Interest Paid

3.1m430.0k1.1m649.0k1.5m2.8m1.1m2.2m3.4m507.0k802.0k1.4m1.0m2.6m

Abraxas Ratios

USDY, 2018

EV/EBIT

25.7 x

EV/CFO

6.2 x

Financial Leverage

3.1 x
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