Apollo Endosurgery

Apollo Endosurgery was founded upon the initial work of the Apollo Group, an international think tank of world-renowned gastroenterologists and surgeons from five leading universities (Mayo Clinic, Johns Hopkins, Medical University of South Carolina, University of Texas Medical Branch-Galveston and Chinese University-Hong Kong.) Disappointed with the pace of innovation in therapeutic flexible endoscopy, the Group assembled in 1998 (Timeline) with the goal to advance the new discipline; their specific focus was the use of long, flexible instruments deployed through a natural orifice in order to diagnose and potentially treat gastrointestinal disorders.
Company Growth (employees)
Type
Private
HQ
Austin, US
Founded
2006
Size (employees)
219 (est)+3%
Apollo Endosurgery was founded in 2006 and is headquartered in Austin, US

Apollo Endosurgery Office Locations

Apollo Endosurgery has an office in Austin
Austin, US (HQ)
300 1120 S Capital Of Texas Hwy

Apollo Endosurgery Data and Metrics

Summary Metrics

Founding Date

2006

Total Funding

$289.8 m

Latest funding size

$22 m

Time since last funding

over 1 year

Investors

Apollo Endosurgery's latest funding round in November 2015 was reported to be $22 m. In total, Apollo Endosurgery has raised $289.8 m

Apollo Endosurgery Financial Metrics

Apollo Endosurgery's revenue was reported to be $64.9 m in FY, 2016
USD

Revenue (FY, 2016)

64.9 m

Gross profit (FY, 2016)

39.6 m

Gross profit margin (FY, 2016), %

61%

Net income (FY, 2016)

(41.2 m)

EBIT (FY, 2016)

(20.8 m)

Cash (31-Dec-2016)

19.1 m
USDFY, 2016

Revenue

64.9 m

Cost of goods sold

25.3 m

Gross profit

39.6 m

Gross profit Margin, %

61%

Sales and marketing expense

31.8 m

R&D expense

7.8 m

General and administrative expense

13.6 m

Operating expense total

60.4 m

EBIT

(20.8 m)

EBIT margin, %

(32%)

Interest expense

18.2 m

Pre tax profit

(40.8 m)

Income tax expense

387 k

Net Income

(41.2 m)
USDFY, 2016

Cash

19.1 m

Accounts Receivable

10.5 m

Inventories

12.2 m

Current Assets

43.6 m

PP&E

6.9 m

Goodwill

6.8 m

Total Assets

102.1 m

Accounts Payable

5.1 m

Total Debt

39.4 m

Current Liabilities

20.3 m

Total Liabilities

59.7 m

Additional Paid-in Capital

190.7 m

Retained Earnings

(149.7 m)

Total Equity

42.4 m

Debt to Equity Ratio

0.9 x

Debt to Assets Ratio

0.4 x

Financial Leverage

2.4 x
USDFY, 2016

Net Income

(41.2 m)

Depreciation and Amortization

7.2 m

Accounts Receivable

(426 k)

Inventories

(3.1 m)

Accounts Payable

523 k

Cash From Operating Activities

(12.9 m)

Purchases of PP&E

(1 m)

Cash From Investing Activities

(2.2 m)

Cash From Financing Activities

12.6 m

Interest Paid

5.8 m

Income Taxes Paid

318 k
USDY, 2016

Revenue/Employee

363.7 k

Debt/Equity

0.9 x

Debt/Assets

0.4 x

Financial Leverage

2.4 x

Apollo Endosurgery Online and Social Media Presence

Apollo Endosurgery Company Life and Culture

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