Aethon offers automated hospital delivery and asset management solutions. TUG®, Aethon's Automated Robotic Delivery System (ARD), can transport both scheduled and on-demand hospital deliveries between all ancillary, support and patient care units. Aethon's TUG provides a cost-effective and non-disruptive infrastructure for asset tracking, leveraging interference-free RFID technology to locate missing equipment throughout the hospital.
Company Growth (employees)
Pittsburgh, US
Size (employees)
171 (est)+4%
Aethon was founded in 2002 and is headquartered in Pittsburgh, US

Key People at Aethon

Aldo Zini

Aldo Zini

President & CEO
Robert Reilly

Robert Reilly

Chief Financial Officer
Spencer Allen

Spencer Allen

Chief Technology Officer
Peter Seiff

Peter Seiff

Senior Vice President of Business Development
Brian Curren

Brian Curren

Vice President of Professional Service
Tony Melanson

Tony Melanson

Vice President of Marketing

Aethon Office Locations

Aethon has an office in Pittsburgh
Pittsburgh, US (HQ)
100 Business Center Drive

Aethon Data and Metrics

Summary Metrics

Founding Date


Total Funding

$34.7 m

Latest funding size

$3.4 m

Time since last funding

over 1 year


Aethon's latest funding round in October 2015 was reported to be $3.4 m. In total, Aethon has raised $34.7 m

Aethon Financial Metrics

Aethon's revenue was reported to be $886.6 k in FY, 2016 which is a 45% decrease from the previous period.

Revenue (FY, 2016)

886.6 k

Net income (FY, 2016)

(5 m)

EBIT (FY, 2016)

(4.4 m)

Cash (31-Mar-2016)

2.1 m
USDFY, 2014FY, 2016


1.6 m886.6 k

General and administrative expense

931.1 k929 k

Operating expense total

4.7 m5.3 m


(3.1 m)(4.4 m)

EBIT margin, %


Net Income

(13.4 m)(5 m)
USDFY, 2014FY, 2016


1.3 m2.1 m

Accounts Receivable

95.2 k199.5 k


53.3 k

Current Assets

1.5 m2.4 m


84.3 k36 k

Total Assets

1.7 m2.6 m

Accounts Payable

517.7 k244.8 k

Total Debt

780 k

Current Liabilities

15.6 m526.6 k

Non-Current Liabilities

776.5 k

Total Liabilities

16.4 m

Additional Paid-in Capital

59.7 m88 m

Retained Earnings

(74.8 m)(86.5 m)

Total Equity

1.5 m

Debt to Assets Ratio

0.5 x

Financial Leverage

1.7 x
USDFY, 2014FY, 2016

Net Income

(13.4 m)(5 m)

Depreciation and Amortization

21.1 k38.5 k

Accounts Receivable

113.6 k(6.1 k)


19.8 k

Accounts Payable

46.6 k(46.4 k)

Cash From Operating Activities

(2.1 m)(4.3 m)

Purchases of PP&E

(96.1 k)(9.3 k)

Cash From Investing Activities

(96.1 k)(9.3 k)

Cash From Financing Activities

3.4 m5.6 m

Interest Paid

14 k
USDY, 2016


9.3 k

Financial Leverage

1.7 x

Aethon Company Life and Culture

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