Afc Energy

Energy & Utilities clean energy electricity fuel cells on demand

AFC Energy was incorporated in January 2006 to purchase certain intellectual property and assets relating to alkaline fuel cell technology from Eneco Limited. AFC Energy raised £2.4 million to fund its initial working capital requirements and, in April 2007, completed its IPO and admission to AIM, raising c. £3 million from ordinary shares.

AFC Energy is now the world’s leading developer of low-cost alkaline fuel cell technology. Focused on large-scale industrial applications, the technology is fully scalable to provide clean electricity on-demand. The fuel cell has the potential to be the catalyst, which transforms the way in which industries of today produce energy for tomorrow.

Revenue(FY, 2016)

£967.6 K

Market capitalization(2017-07-05)

$236.5 M

Type

Public

Surrey, GB

Founded

2006

Size (employees)

44 (est)

Website

afcenergy.com

Afc Energy was founded in 2006 and is headquartered in Surrey, GB

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Key People/Management at Afc Energy

Adam Bond

CEO

Mitchell Field

Non-Executive Director

Tim Yeo

Non-Executive Chairman

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Afc Energy Office Locations

Afc Energy has an office in Surrey

Surrey, GB (HQ)

Stovolds Hill

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Afc Energy Financials and Metrics

Afc Energy Financials

Afc Energy's revenue was reported to be £967.61 k in FY, 2016 which is a 57.2% decrease from the previous period.

Summary

GBP
Revenue (FY, 2016)	967.6 k
Revenue growth (FY, 2015 - FY, 2016), %	(57.2%)
Gross profit (FY, 2016)	(916 k)
Gross profit margin (FY, 2016), %	(94.7%)
Net income (FY, 2016)	(5.7 m)
EBITDA (FY, 2016)	(6 m)
EBIT (FY, 2016)	(6.3 m)
Market capitalization (5-Jul-2017)	236.5 m
Closing share price (5-Jul-2017)	25.8
Cash (31-Oct-2016)	3 m

Afc Energy's current market capitalization is $236.5 m.

Income Statement

GBP	FY, 2008	FY, 2010	FY, 2011	FY, 2012	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Revenue		180.6 k	35.5 k	357.4 k	759.4 k	782.2 k	2.3 m	967.6 k
Revenue growth, %						3%	189%	(57%)
Cost of goods sold	303 k		27.5 k	27.5 k	542.9 k	1 m	4.8 m	1.9 m
Gross profit			8 k	329.9 k	216.5 k	(247.2 k)	(2.6 m)	(916 k)

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Balance Sheet

GBP	FY, 2007	FY, 2008	FY, 2009	FY, 2010	FY, 2011	FY, 2012	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Cash	2.1 m	3.6 m	1.9 m	5.3 m	6 m	10.9 m	7 m	4.9 m	1.8 m	3 m
Accounts Receivable	20.3 k		4.6 k	391				419.2 k	2.5 m
Inventories		123.7 k	123.7 k	123.7 k	96.2 k	127 k	174.5 k	157 k	219.4 k	150.9 k
Current Assets	2.6 m	4.3 m	2.3 m	6 m	6.8 m	11.7 m	8.9 m	9.3 m	6.8 m	5.8 m

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Cash Flow

GBP	FY, 2007	FY, 2008	FY, 2009	FY, 2010	FY, 2011	FY, 2012	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Net Income	(1.7 m)	(2.7 m)	(2.1 m)	(2.8 m)	(4 m)	(3.8 m)	(4.1 m)	(5.4 m)	(4.8 m)	(5.7 m)
Cash From Operating Activities	1.4 m	(2.5 m)	(1.5 m)	(2 m)	(2.7 m)	(2.9 m)	(3.8 m)	(5.9 m)	(6.5 m)	(3.5 m)
Cash From Financing Activities	3.6 m	4.3 m		6.1 m	3.9 m	8.3 m	350.8 k	4 m	3.5 m	4.7 m
Net Change in Cash	1.7 m	1.5 m	(1.7 m)	3.5 m	622.7 k	5 m	(4 m)	(2.1 m)	(3.1 m)	1.2 m