$449.7 M

AXAS Mkt cap, 22-Jun-2018

$40.6 M

Abraxas Revenue Q1, 2018
Abraxas Gross profit (Q1, 2018)20.1 M
Abraxas Gross profit margin (Q1, 2018), %49.4%
Abraxas Net income (Q1, 2018)10.8 M
Abraxas EBIT (Q1, 2018)20.1 M
Abraxas Cash, 31-Mar-20185.6 M
Abraxas EV444.4 M

Abraxas Financials

Abraxas Income Statement

Annual

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

Revenue

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

Revenue growth, %

42%(50%)(16%)

General and administrative expense

16.3 m

Operating expense total

16.3 m

EBIT

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

EBIT margin, %

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

Interest expense

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

Interest income

3 k2 k2 k1 k1 k

Pre tax profit

39.3 m

Income tax expense

(700 k)287 k279 k

Net Income

38.6 m63.3 m(127.1 m)(96.4 m)16 m

Quarterly

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

Revenue

29.1 m25.9 m33.6 m44.2 m18.7 m18.9 m16.1 m9.6 m11 m14 m18.8 b13.2 b40.6 m

Cost of goods sold

17.9 m18.6 m21 m27.6 m11.9 b20.5 m

Gross profit

11.2 m7.3 m12.6 m16.7 m1.3 b20.1 m

Gross profit Margin, %

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

Sales and marketing expense

5.5 m5.9 m5.8 m7.3 m

General and administrative expense

2.4 m2.8 m3.1 m2.5 m3 m3.5 m2.7 m2.7 m2.8 m2.8 m2.7 b2.9 b2.7 m

Operating expense total

7.9 m8.7 m8.9 m9.8 m3 m3.5 m2.7 m2.7 m2.8 m2.8 m2.7 b2.9 b2.7 m

EBIT

11.2 m7.3 m12.6 m16.7 m(4.5 m)(1.5 m)(63.4 m)(40.1 m)(31.9 m)(5 m)5 b1.3 b20.1 m

EBIT margin, %

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

Interest expense

1.1 m608 k783 k554 k834 k958 k992 k1.2 m1.2 m960 k507 m501 m1.3 m

Interest income

1 k1 k1 k1 k1 m

Pre tax profit

7.2 b10.8 m

Income tax expense

Net Income

3.2 m4.7 m3 m25.4 m(718 k)(6.6 m)(52.4 m)(40.9 m)(46.9 m)(3.3 m)13.7 b7.2 b10.8 m

Abraxas Balance Sheet

Annual

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

Cash

5.2 m3.8 m3.5 m1.6 m

Accounts Receivable

10.5 m

Inventories

Current Assets

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

PP&E

237.8 m

Total Assets

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

Accounts Payable

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

Short-term debt

262 k

Current Liabilities

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

Long-term debt

Total Debt

262 k

Total Liabilities

143.1 m167.5 m

Additional Paid-in Capital

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

Retained Earnings

(166.6 m)(103.3 m)(230.5 m)(326.8 m)(310.8 m)

Total Equity

84.5 m18.5 m106.3 m

Financial Leverage

3.2 x8.7 x2.6 x

Quarterly

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

Cash

5 m349 k3.7 m2.7 m3.9 m957 k483 k1.8 m1.1 m652 k5.6 m

Current Assets

44.2 m27.9 m33.1 m33.5 m29.7 m21.2 m25.6 m20.7 m10.6 m14.9 m13.3 m17.4 m32 m

PP&E

259 m

Total Assets

257.2 m237.5 m286.9 m317.1 m366.6 m373 m322.4 m212.2 m163.9 m162.7 m156.6 m187.1 m292.6 m

Accounts Payable

40.8 m40.9 m49 m45 m21 m33.8 m25.6 m9.7 m12.3 m22.1 m16.2 m29.7 m24.3 m

Short-term debt

264 k

Current Liabilities

76.8 m64.7 m76.2 m71.2 m33.1 m47.1 m36.5 m23.7 m25.6 m33.6 m25.7 m36.9 m54.6 m

Total Debt

264 k

Total Liabilities

197.6 m145.5 m136.6 m141.1 m159 m170.6 m171.4 m167.8 m138.4 m139.7 m58.4 m80.8 m175 m

Additional Paid-in Capital

252.7 m253.7 m308.7 m309.1 m310.6 m312 m313 m314.7 m342.4 m343.2 m409.7 m410.7 m416.1 m

Retained Earnings

(193.6 m)(161.9 m)(158.9 m)(133.5 m)(104.1 m)(110.7 m)(163 m)(271.3 m)(318.3 m)(321.5 m)(313.1 m)(305.9 m)(300 m)

Total Equity

202.4 m151.1 m44.4 m25.5 m23 m98.2 m106.4 m117.7 m

Financial Leverage

1.8 x2.1 x4.8 x6.4 x7.1 x1.6 x1.8 x2.5 x

Abraxas Cash Flow

Annual

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

Net Income

38.6 m63.3 m(127.1 m)(96.4 m)16 m

Accounts Receivable

(13 m)11.9 m

Inventories

Accounts Payable

27.3 m1.6 m(46 m)(3.5 m)6.2 m

Cash From Operating Activities

51.7 m38.1 m

Cash From Investing Activities

32.5 m

Cash From Financing Activities

(81 m)

Interest Paid

4 m2 m3.3 m3.9 m2.4 m

Income Taxes Paid

391 k

Quarterly

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

Net Income

3.2 m4.7 m3 m25.4 m(718 k)(7.3 m)(59.7 m)(40.9 m)(87.8 m)(91.1 m)13.7 b10.8 m

Accounts Receivable

9.1 m6.1 m9.6 m3.1 m2.3 m(2.7 m)6.5 m

Accounts Payable

49 m45 m(48.2 m)(34.1 m)(45 m)(15.6 m)(13.2 m)(2.2 m)16.2 m(741 k)

Cash From Operating Activities

(2.5 m)12.5 m22.2 m32.2 m

Cash From Investing Activities

(12.4 m)(39.5 m)(52.5 m)10 k(1.2 m)(7 m)

Cash From Financing Activities

39.6 m37 m48.6 m(577 k)19.8 m

Interest Paid

649 k1.5 m2.8 m1.1 m2.2 m3.4 m1 m

Abraxas Ratios

USDY, 2018

EV/EBIT

22.1 x

EV/CFO

13.8 x

Financial Leverage

2.5 x
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