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Solbright Group (formerly known as Arkados Group) is a provider of scalable and interoperable Industrial Internet of Things (IoT) solutions that help customers increase efficiency and reduce cost. Its solutions are designed to drive various wireless and powerline communication (PLC)-based products, such as sensors, gateways, video cameras, appliances, and other devices. The Company also works with customers to design and implement the most energy- and cost-efficient solutions in the areas of lighting, boiler and combined heat and power systems, and industrial machinery.
StateClosed
TypePublic
Founded1998
HQNewark, US
Websitesolbrightgroup.com

Locations

Solbright Group is headquartered in
Newark, United States

Location Map

Latest Updates

Employees (est.) (Nov 2017)12
Revenue (FY, 2018)$12.1 M(+414%)

Solbright Group Office Locations

Solbright Group has an office in Newark
Newark, US (HQ)
320 211 Warren St
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Solbright Group Financials and Metrics

Solbright Group Revenue

Solbright Group's revenue was reported to be $12.06 m in FY, 2018
USD

Revenue (Q1, 2019)

845.5k

Gross profit (Q1, 2019)

(190.0k)

Gross profit margin (Q1, 2019), %

(22.5%)

Net income (Q1, 2019)

(5.1m)

EBIT (Q1, 2019)

(2.0m)

Cash (31-Aug-2018)

72.1k

EV

26.6m
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2016FY, 2017FY, 2018

Revenue

1.9m2.3m12.1m

Cost of goods sold

909.9k1.7m11.3m

Gross profit

961.1k686.5k731.6k

Gross profit Margin, %

51%29%6%
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Revenue

40.0k79.0k142.2k106.8k815.2k749.1k424.5k389.7k263.8k5.3m3.3m2.5m845.5k

Cost of goods sold

535.0k372.0k380.0k258.8k51.4k4.5m3.7m1.6m1.0m

Gross profit

280.2k377.1k44.5k130.9k212.4k782.1k(398.0k)928.0k(190.0k)

Gross profit Margin, %

34%50%10%34%81%15%(12%)37%(22%)
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2016FY, 2017FY, 2018

Cash

4.9k345.1k118.5k56.2k469.8k114.1k

Accounts Receivable

192.1k1.1m16.4k

Inventories

120.4k

Current Assets

4.9k345.1k129.7k556.6k3.2m1.7m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Cash

123.0k271.09.9k290.6k26.0k38.7k5.7k211.3k10.4k827.4k22.3k5.9k72.1k

Accounts Receivable

20.0k22.0k61.3k133.8k208.6k222.5k21.6k12.0k1.1m1.0m2.0m

Inventories

343.5k294.1k96.9k141.2k81.0k61.8k

Current Assets

126.5k20.9k74.7k706.9k474.3k354.4k494.9k392.1k206.9k3.5m2.7m3.5m1.1m
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2016FY, 2017FY, 2018

Net Income

4.1m(516.9k)(1.9m)(3.1m)(3.3m)(15.8m)

Depreciation and Amortization

791.047.5k558.9k

Inventories

36.3k120.4k

Accounts Payable

(276.5k)206.5k234.6k252.2k988.5k4.0m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Net Income

(1.3m)(202.5k)(597.1k)(528.8k)(1.2m)(1.2m)(287.0k)(796.1k)(1.1m)(3.8m)(6.7m)(9.1m)(5.1m)

Depreciation and Amortization

264.0527.0264.0527.0791.0139.7k279.7k419.2k61.0k

Inventories

(186.8k)(137.4k)59.8k(20.8k)39.4k58.6k

Accounts Payable

679.8k693.3k836.7k150.2k305.1k234.0k124.8k55.6k16.5k1.1m1.6m2.5m(626.7k)
USDY, 2018

EV/EBIT

-13.6 x

EV/CFO

-11.2 x

Debt/Equity

0.1 x

Debt/Assets

0.1 x

Financial Leverage

1.7 x
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Solbright Group Online and Social Media Presence

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Solbright Group Frequently Asked Questions

  • When was Solbright Group founded?

    Solbright Group was founded in 1998.

  • How many employees does Solbright Group have?

    Solbright Group has 12 employees.

  • What is Solbright Group revenue?

    Latest Solbright Group annual revenue is $12.1 m.

  • What is Solbright Group revenue per employee?

    Latest Solbright Group revenue per employee is $1 m.

  • Who are Solbright Group competitors?

    Competitors of Solbright Group include Communication Devices, ParStream and GIGAS.

  • Where is Solbright Group headquarters?

    Solbright Group headquarters is located at 320 211 Warren St, Newark.

  • Where are Solbright Group offices?

    Solbright Group has an office in Newark.

  • How many offices does Solbright Group have?

    Solbright Group has 1 office.