Afc Energy

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.

Type
Public
HQ
Surrey, GB
Founded
2006
Size (employees)
44 (est)
Afc Energy was founded in 2006 and is headquartered in Surrey, GB

Key People at Afc Energy

Adam Bond

Adam Bond

CEO
Mitchell Field

Mitchell Field

Non-Executive Director
Tim Yeo

Tim Yeo

Non-Executive Chairman

Afc Energy Office Locations

Afc Energy has an office in Surrey
Surrey, GB (HQ)
Stovolds Hill

Afc Energy Data and Metrics

Afc Energy Financial Metrics

Afc Energy's revenue was reported to be £2.3 m in FY, 2015 which is a 189% increase from the previous period.
GBP

Revenue (FY, 2015)

2.3 m

Revenue growth (FY, 2014 - FY, 2015), %

189%

Gross profit (FY, 2015)

(2.6 m)

Gross profit margin (FY, 2015), %

(114%)

Net income (FY, 2015)

(4.8 m)

Market capitalization (22-Jun-2017)

239.4 m

Closing share price (22-Jun-2017)

25.9

Cash (31-Oct-2015)

1.8 m
Afc Energy's current market capitalization is $239.4 m.
GBPFY, 2013FY, 2014FY, 2015

Revenue

759.4 k782.2 k2.3 m

Revenue growth, %

3%189%

Cost of goods sold

542.9 k1 m4.8 m

Gross profit

216.5 k(247.2 k)(2.6 m)

Gross profit Margin, %

29%(32%)(114%)

Operating expense total

4.8 m5.7 m6.1 m

Pre tax profit

(4.5 m)(5.9 m)(5.4 m)

Net Income

(4.1 m)(5.4 m)(4.8 m)
GBPFY, 2013FY, 2014FY, 2015

Cash

7 m4.9 m1.8 m

Accounts Receivable

419.2 k2.5 m

Current Assets

8.9 m9.3 m6.8 m

PP&E

911.3 k1.1 m116.3 k

Goodwill

180.7 k279.1 k338.2 k

Total Assets

9.9 m10.7 m7.3 m

Accounts Payable

569.2 k543.9 k1.1 m

Current Liabilities

1 m1.1 m1.7 m

Retained Earnings

(4.1 m)(5.4 m)(4.8 m)

Total Equity

8.9 m9.6 m5.6 m

Financial Leverage

1.1 x1.1 x1.3 x
GBPFY, 2013FY, 2014FY, 2015

Cash From Operating Activities

(3.8 m)(5.9 m)(6.5 m)

Cash From Financing Activities

350.8 k4 m3.5 m

Income Taxes Paid

365.9 k421.3 k569.7 k
GBPY, 2015

Revenue/Employee

51.4 k

Financial Leverage

1.3 x

Afc Energy Online and Social Media Presence

Afc Energy Company Life and Culture

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