Net income (FY, 2017)(42.8 M)

EBIT (FY, 2017)(52.2 M)

Cash, 31-Dec-201782 M

USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 |
---|---|---|---|---|---|

## R&D expense | 33.1 m | 44.2 m | |||

## General and administrative expense | 12.2 m | 17 m | |||

## Operating expense total | 45.3 m | 61.2 m | |||

## EBIT | (98.2 m) | (24 m) | (29.7 m) | (45.3 m) | (52.2 m) |

## Interest income | 983.2 k | ||||

## Pre tax profit | (44.9 m) | (51.9 m) | |||

## Income tax expense | 617.7 k | 9.1 m | |||

## Net Income | (111.7 m) | (23.8 m) | (28.5 m) | (44.3 m) | (42.8 m) |

USD | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 |
---|---|---|---|---|---|---|---|---|---|---|

## R&D expense | 1.1 m | 3.7 m | 3.8 m | 4.7 m | 4.6 m | 8.1 m | 7.5 m | 8.8 m | 10.6 m | 12.1 m |

## General and administrative expense | 1.4 m | 7.4 m | 3.4 m | 2.5 m | 2.5 m | 3.2 m | 2.9 m | 2.8 m | 4 m | 3.8 m |

## Operating expense total | 2.5 m | 11.1 m | 7.2 m | 7.2 m | 7.1 m | 11.3 m | 10.5 m | 11.7 m | 14.6 m | 15.9 m |

## EBIT | (2.5 m) | (11.1 m) | (7.2 m) | (7.2 m) | (7.1 m) | (11.3 m) | (10.5 m) | (11.7 m) | (13.9 m) | (13.6 m) |

## Interest income | 36.9 k | 35.2 k | 58.3 k | |||||||

## Pre tax profit | (13.7 m) | |||||||||

## Income tax expense | 69.5 k | |||||||||

## Net Income | (2.5 m) | (11 m) | (7.1 m) | (6.9 m) | (6.6 m) | (11 m) | (10.2 m) | (11.6 m) | (13.9 m) | (13.6 m) |

usd | Y, 2009 | Y, 2010 | Y, 2011 | Y, 2012 | Y, 2013 | Y, 2014 | Y, 2015 | FY, 2016 | FY, 2017 |
---|---|---|---|---|---|---|---|---|---|

## Cash | 81.3 k | 14.6 m | 37 m | 20.5 m | 27.1 m | 29.1 m | 27.1 m | 28.6 m | 82 m |

## Accounts Receivable | |||||||||

## Inventories | 611.2 k | ||||||||

## Current Assets | 27.1 m | 29.2 m | 68.4 m | 53.6 m | 123.1 m | ||||

## PP&E | 156.4 k | 148.6 k | 214.7 k | 860 k | |||||

## Goodwill | 12.7 m | 12.6 m | 12.6 m | 12.6 m | |||||

## Total Assets | 27.1 m | 71.2 m | 133.7 m | 98.1 m | 169.3 m | ||||

## Accounts Payable | 2.6 m | 907.6 k | 1.4 m | 2.4 m | 2.1 m | ||||

## Short-term debt | |||||||||

## Current Liabilities | 1.1 m | 3.4 m | 7.1 m | 13.5 m | |||||

## Long-term debt | |||||||||

## Non-Current Liabilities | 11.6 m | 11.1 m | 42.7 m | ||||||

## Total Liabilities | 15 m | 18.2 m | 56.2 m | ||||||

## Additional Paid-in Capital | 135.8 m | 194.1 m | 283.5 m | 288.7 m | 364.5 m | ||||

## Retained Earnings | (135.5 m) | (164 m) | (208.2 m) | (251 m) | |||||

## Total Equity | 24.5 m | 58.6 m | 118.7 m | 79.9 m | 113.1 m | ||||

## Financial Leverage | 1.1 x | 1.2 x | 1.1 x | 1.2 x | 1.5 x |

USD | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 |
---|---|---|---|---|---|---|---|---|---|---|

## Cash | 21.3 m | 17.9 m | 96.1 m | 53.5 m | 36.4 m | 20.4 m | 20.3 m | 23.8 m | 70.8 m | 39.5 m |

## Accounts Receivable | 1.1 m | |||||||||

## Current Assets | 21.7 m | 18.1 m | 96.3 m | 71.3 m | 66.5 m | 59.1 m | 64.1 m | 59.3 m | 92.2 m | 77.7 m |

## PP&E | 173.2 k | 174 k | 156.5 k | 132.2 k | 113.7 k | 128.5 k | 182.8 k | 131.9 k | ||

## Goodwill | 12.1 m | 12.7 m | 12.6 m | 12.6 m | 12.6 m | 12.6 m | 12.6 m | 12.6 m | 12.6 m | |

## Total Assets | 21.8 m | 60.4 m | 138.3 m | 144.7 m | 139.7 m | 124.5 m | 117.2 m | 109.1 m | 134.3 m | 122.8 m |

## Accounts Payable | 1.4 m | 1 m | 1.3 m | 1.3 m | 1.5 m | 2.3 m | 2.4 m | 3.8 m | 1.9 m | 687.9 k |

## Current Liabilities | 1.5 m | 1 m | 2.1 m | 2.2 m | 2.7 m | 3.6 m | 5 m | 7.5 m | 11 m | 12 m |

## Non-Current Liabilities | 11.6 m | 11.6 m | 11.6 m | 11.6 m | 11.6 m | 55.4 m | 54.3 m | |||

## Total Liabilities | 13.2 m | 13.7 m | 13.8 m | 14.3 m | 15.2 m | 16.6 m | 19.1 m | 66.4 m | 66.2 m | |

## Additional Paid-in Capital | 138.2 m | 176.1 m | 267.3 m | 280.6 m | 282 m | 285 m | 286.5 m | 287.5 m | 290.6 m | 292.7 m |

## Retained Earnings | (118.3 m) | (129.3 m) | (142.7 m) | (149.6 m) | (156.2 m) | (175 m) | (185.1 m) | (196.7 m) | (222.2 m) | (235.8 m) |

## Total Equity | 20.3 m | 47.2 m | 124.6 m | 130.9 m | 125.4 m | 109.3 m | 100.6 m | 90 m | 67.9 m | 56.5 m |

## Financial Leverage | 1.1 x | 1.3 x | 1.1 x | 1.1 x | 1.1 x | 1.1 x | 1.2 x | 1.2 x | 2 x | 2.2 x |

USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 |
---|---|---|---|---|---|

## Net Income | (19.4 m) | (23.8 m) | (28.5 m) | (44.3 m) | (42.8 m) |

## Depreciation and Amortization | 6.2 k | 11 k | 65 k | 80.3 k | 219.2 k |

## Accounts Receivable | |||||

## Inventories | 93.1 k | ||||

## Accounts Payable | (107.4 k) | (2.5 m) | 456.1 k | 1 m | (244.2 k) |

## Cash From Operating Activities | (17.8 m) | (15 m) | (18.7 m) | (34.9 m) | 1.9 m |

## Purchases of PP&E | (150 k) | (58.3 k) | |||

## Cash From Investing Activities | (6.5 k) | 277.4 k | (64.9 m) | 36.2 m | (15.6 m) |

## Cash From Financing Activities | 24.4 m | 16.7 m | 81.6 m | 152.6 k | 67.2 m |

USD | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 |
---|---|---|---|---|---|---|---|---|---|---|---|---|

## Net Income | (2.5 m) | (11 m) | (7.1 m) | (6.9 m) | (6.6 m) | (11 m) | (10.2 m) | (11.6 m) | (13.9 m) | (27.5 m) | ||

## Accounts Payable | 2.3 m | 1.4 m | 1.4 m | 1 m | 1.3 m | 1.3 m | 1.5 m | 2.3 m | 2.4 m | 3.8 m | 1.9 m |

USD | Y, 2017 |
---|---|

## Financial Leverage | 1.5 x |

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