ADVA Optical Networking (ADV.DE) Financials

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€264.7 M

ADV.DE Mkt cap, 30-Oct-2017

€120.5 M

ADVA Optical Networking Revenue Q1, 2018

ADVA Optical Networking Gross profit (Q1, 2018)44.3 M

ADVA Optical Networking Gross profit margin (Q1, 2018), %36.7%

ADVA Optical Networking Net income (Q1, 2018)-2.4 M

ADVA Optical Networking EBIT (Q1, 2018)-424 K

ADVA Optical Networking Cash, 31-Mar-201858 M

ADVA Optical Networking Revenue Breakdown

Geographic Segment

Embed Graph

ADVA Optical Networking revenue breakdown by geographic segment: 6.3% from Asia-Pacific, 43.6% from Americas, 29.2% from Rest of Europe, Middle East and Africa and 20.9% from Germany

ADVA Optical Networking Financials

Annual

EUR	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Revenue	339.2 m	441.9 m	566.7 m	514.5 m
Revenue growth, %		30%	28%	(9%)
Cost of goods sold	221.1 m	285 m	400.4 m	348.3 m
Gross profit	118.1 m	156.9 m	166.3 m	166.2 m
Gross profit Margin, %	35%	36%	29%	32%
Sales and marketing expense	48.3 m	56.5 m	60 m	62.9 m
R&D expense	40.5 m	47.7 m	60.5 m	69 m
General and administrative expense	27.1 m	30.4 m	32.3 m	36.3 m
Operating expense total	115.9 m	134.5 m	152.7 m	168.2 m
EBIT	8.4 m	26.8 m	19.4 m	4.4 m
EBIT margin, %	2%	6%	3%	1%
Interest expense	1.4 m	887 k	442 k	971 k
Interest income	89 k	49 k	382 k	186 k
Pre tax profit	8.2 m	28.1 m	19 m	(191 k)
Income tax expense	(148 k)	1.2 m	(2.5 m)	4 m
Net Income	8.4 m	26.8 m	21.5 m	(4.2 m)

Quarterly

EUR	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018
Revenue	95.6 m	112.3 m	122.3 m	122 m	157.2 m	159.5 m	141.8 m	144.2 m	111.2 m	120.5 m
Cost of goods sold	61.1 m	73.6 m	80.1 m	82.1 m	114.9 m	117.2 m	96.3 m	98.1 m	78 m	76.3 m
Gross profit	34.5 m	38.6 m	42.2 m	39.9 m	42.4 m	42.2 m	45.5 m	46.1 m	33.2 m	44.3 m
Gross profit Margin, %	36%	34%	34%	33%	27%	26%	32%	32%	30%	37%
Sales and marketing expense	13.5 m	14 m	14.3 m	15.8 m	15.6 m	14.1 m	16.2 m	14.9 m	15.4 m	15.3 m
R&D expense	11.3 m	10.8 m	12.2 m	16.9 m	17.2 m	13.7 m	16.8 m	15.8 m	20.2 m	27.9 m
General and administrative expense	7.3 m	7.5 m	8 m	7.8 m	7.8 m	8 m	8.3 m	9 m	9.9 m	8.9 m
Operating expense total	32.1 m	32.3 m	34.5 m	40.4 m	40.5 m	35.8 m	41.2 m	39.7 m	45.5 m	2.1 m
Depreciation and amortization										(1.3 m)
EBIT	3.3 m	7.4 m	8.5 m	994 k	3.1 m	7.2 m	5.5 m	8.1 m	(11.5 m)	(424 k)
EBIT margin, %	3%	7%	7%	1%	2%	4%	4%	6%	(10%)	0%
Interest expense	278 k	247 k	195 k	202 k	205 k	95 k	223 k	141 k	222 k
Interest income	13 k	12 k	8 k	11 k	258 k	68 k	32 k	58 k	46 k	228 k
Pre tax profit	5.2 m	5.6 m	8.5 m	(5.2 m)	5.1 m	6 m	4.3 m	6.6 m	(11.9 m)	(2.5 m)
Income tax expense	912 k	440 k	(110 k)	(79 k)	(4.7 m)	2.7 m	(1.9 m)	2.1 m	2.1 m	106 k
Net Income	4.3 m	5.1 m	8.6 m	(5.2 m)	9.8 m	3.3 m	6.2 m	4.5 m	(14 m)	(2.4 m)

Annual

EUR	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Cash	83.9 m	93.9 m	84.9 m	58.4 m
Accounts Receivable	54 m	70.4 m	78.5 m	81.3 m
Inventories	47 m	73 m	92.8 m	81.7 m
Current Assets	192.3 m	247 m	268.4 m	232.6 m
PP&E	21 m	20 m	25.1 m	26.9 m
Goodwill	23.6 m	24.9 m	41.5 m	68.2 m
Total Assets	324.8 m	391.5 m	467.9 m	464 m
Accounts Payable	33 m	43.7 m	73.3 m	39.2 m
Current Liabilities	84 m	112 m	141.5 m	184.8 m
Non-Current Liabilities	63.7 m	63.6 m	87.4 m	52.2 m
Total Liabilities	147.7 m	175.6 m	228.9 m	237 m
Common Stock	48.1 m	49.4 m	49.5 m	49.7 m
Additional Paid-in Capital	307.9 m	310.6 m	312.3 m	314 m
Retained Earnings	(183.7 m)	(175.4 m)	(148.5 m)	(127 m)
Total Equity	177.1 m	215.9 m	238.9 m	227 m
Financial Leverage	1.8 x	1.8 x	2 x	2 x

Quarterly

EUR	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018
Cash	73.4 m	78.8 m	79.3 m	73.4 m	82.5 m	81.2 m	69.7 m	80.8 m	57.2 m	58 m
Accounts Receivable	74.9 m	73.3 m	79.1 m	92.8 m	112 m	112.1 m	94.1 m	87.4 m	84.9 m	86.9 m
Inventories	59 m	65.9 m	75.5 m	75.9 m	67.7 m	72.2 m	81.7 m	77.3 m	90.7 m	730.5 m
Current Assets	216.7 m	226.7 m	245.5 m	253.1 m	276.1 m	279.5 m	254.7 m	255.4 m	244.2 m	229 m
PP&E	21.2 m	21.1 m	20 m	21.8 m	22.6 m	22.8 m	25.7 m	24.5 m	26.9 m	26.2 m
Goodwill	25 m	25 m	24.7 m	37.6 m	38.1 m	40.1 m	41.1 m	39.6 m	68.7 m	67.2 m
Total Assets	352.7 m	364.6 m	384.6 m	426.2 m	454.8 m	465.8 m	463.8 m	462.9 m	493.7 m	458.3 m
Accounts Payable	47.9 m	52.2 m	66.8 m	57.8 m	77.1 m	87.7 m	64 m	64.4 m	39.3 m	37.4 m
Current Liabilities	100.4 m	110.1 m	122.7 m	117.4 m	142.5 m	154.4 m	130.7 m	135 m	178 m	167.9 m
Non-Current Liabilities	62.3 m	59 m	58.9 m	101.3 m	94.3 m	90.8 m	88.7 m	82.9 m	87 m	66.8 m
Total Liabilities	162.7 m	169.1 m	181.6 m	218.8 m	236.8 m	245.1 m	219.4 m	217.9 m	265.1 m	234.8 m
Common Stock	48.1 m	48.5 m	48.9 m	49.4 m	49.4 m	49.4 m	49.5 m	49.7 m	49.7 m	46.7 m
Additional Paid-in Capital	308.2 m	308.8 m	309.6 m	310.9 m	311.3 m	311.9 m	312.7 m	313.6 m	314 m	314.4 m
Retained Earnings	(175.4 m)	(175.4 m)	(175.4 m)	(148.5 m)	(148.5 m)	(148.5 m)	(127 m)	(127 m)	(127 m)	(131.4 m)
Total Equity	190 m	195.5 m	203 m	207.5 m	218.1 m	220.6 m	244.5 m	245 m	228.6 m	223.5 m
Financial Leverage	1.9 x	1.9 x	1.9 x	2.1 x	2.1 x	2.1 x	1.9 x	1.9 x	2.2 x	2.1 x

Annual

EUR	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Net Income	8.4 m	26.8 m	21.5 m	(191 k)
Depreciation and Amortization	33.6 m	37.3 m	39.6 m	46.9 m
Accounts Receivable	950 k	(16.3 m)	(1 m)	8.2 m
Inventories	(4.5 m)	(26 m)	(14.1 m)	17.9 m
Accounts Payable	6.5 m	10.7 m	26.3 m	(38.9 m)
Cash From Operating Activities	46.2 m	39.4 m	61.4 m	27.1 m
Purchases of PP&E	(7.1 m)	(7.9 m)	(12.9 m)	(10.6 m)
Cash From Investing Activities	(38.7 m)	(41.3 m)	(86.4 m)	(90.5 m)
Cash From Financing Activities	(5.5 m)	9.7 m	15.8 m	36.9 m
Net Change in Cash	2.9 m	10 m	(9 m)	(26.5 m)
Interest Paid	(1.3 m)	(1.1 m)	(1.3 m)	(1.3 m)
Income Taxes Paid	(1.5 m)	(1.1 m)	(599 k)	(1.7 m)

Quarterly

EUR	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018
Net Income	4.3 m	5.1 m	8.6 m	(5.2 m)	9.8 m	3.3 m	6.2 m	4.5 m	(14 m)	(2.4 m)
Depreciation and Amortization	9.1 m	9.3 m	9.1 m	10.6 m	9.5 m	9.4 m	9.4 m	9.8 m	15.9 m	11.5 m
Accounts Receivable	(20.9 m)	1.6 m	(5.9 m)	(15.4 m)	(19.2 m)	(53 k)	(15.6 m)	6.7 m	13.6 m	(6 k)
Inventories	(12 m)	(6.9 m)	(12.6 m)	4.6 m	8.2 m	(6.3 m)	11.1 m	4.4 m	(5.7 m)	8.6 m
Accounts Payable	14.9 m	4.3 m	14.6 m	10.8 m	19.3 m	10.7 m	(9.3 m)	436 k	(30 m)	(1.7 m)
Cash From Operating Activities	(1.5 m)	18.1 m	12 m	2 m	22.4 m	15.7 m	5.6 m	29.6 m	(25.9 m)	5.6 m
Purchases of PP&E	(1.6 m)	(2.7 m)	(1.3 m)	(2.4 m)	(3.3 m)	(2.7 m)	(3.2 m)	(1.8 m)	(2.4 m)	(12 k)
Cash From Investing Activities	(9 m)	(11.5 m)	10.1 m	(42.9 m)	(11.4 m)	(15.5 m)	(15.8 m)	(14 m)	(48.9 m)	(10.8 m)
Cash From Financing Activities	(2.4 m)	(1 m)	(1.3 m)	21 m	(1.9 m)	(1.7 m)	(5 m)	(4.2 m)	51 m	4.9 m
Net Change in Cash	(10.5 m)	5.5 m	450 k	(20.4 m)	9.1 m	(1.3 m)	(15.2 m)	11.1 m	(23.6 m)	(681 k)
Interest Paid	(291 k)	(273 k)	(245 k)	(388 k)	(337 k)	(332 k)	(278 k)	(261 k)	(401 k)	(434 k)
Income Taxes Paid	(243 k)	(287 k)	(202 k)	(467 k)	(25 k)	(188 k)	(470 k)	(1.4 m)	490 k	(339 k)