Revenue growth (FY, 2015 - FY, 2016), %(2%)

Gross profit (FY, 2016)12.3 M

Gross profit margin (FY, 2016), %20%

Net income (FY, 2016)5 M

EBIT (FY, 2016)27.2 K

Cash, 31-Dec-20166.1 M

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

## Revenue | 43 m | 44 m | 61.3 m | 60.2 m |

## Revenue growth, % | 2% | 39% | (2%) | |

## Cost of goods sold | 35.3 m | 35.8 m | 50.7 m | 47.9 m |

## Gross profit | 7.7 m | 8.2 m | 10.6 m | 12.3 m |

## Gross profit Margin, % | 18% | 19% | 17% | 20% |

## Sales and marketing expense | 2.1 m | 2.1 m | 2.8 m | 2.7 m |

## General and administrative expense | 3.8 m | 4.4 m | 6.8 m | 6.9 m |

## Operating expense total | 5.9 m | 6.6 m | 9.6 m | 9.7 m |

## EBIT | 1.8 m | 1.7 m | 977.2 k | 27.2 k |

## EBIT margin, % | 4% | 4% | 2% | 0% |

## Interest expense | 436.5 k | 259.1 k | 127.6 k | 91.9 k |

## Pre tax profit | 1.4 m | 1.5 m | (64.6 k) | |

## Income tax expense | 78.4 k | 78.9 k | 152.4 k | 5.1 m |

## Net Income | 1.3 m | 1.3 m | 1.3 m | 5 m |

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

## Revenue | 10.4 m | 11.3 m | (1.1 m) | 15.6 m | 15.7 m | 14.5 m | 15.2 m | 14.3 m |

## Cost of goods sold | 8.7 m | 8.7 m | 11.7 m | 13.5 m | 12.9 m | 12.2 m | 12.1 m | 11.1 m |

## Gross profit | 1.7 m | 2.5 m | (12.8 m) | 2.1 m | 2.9 m | 2.3 m | 3.1 m | 3.2 m |

## Gross profit Margin, % | 17% | 23% | 1203% | 14% | 18% | 16% | 20% | 23% |

## Sales and marketing expense | 582.5 k | 521.6 k | 742.1 k | 808.8 k | 712.5 k | 671.3 k | 730.1 k | 676.9 k |

## General and administrative expense | 1 m | 1.2 m | 1.4 m | 1.9 m | 1.6 m | 1.8 m | 1.6 m | 1.8 m |

## Operating expense total | 1.6 m | 1.7 m | 2.1 m | 2.7 m | 2.3 m | 2.4 m | 2.4 m | 2.5 m |

## EBIT | 91.8 k | 823.1 k | 3.9 k | (615.4 k) | 561.7 k | (125.1 k) | 712.8 k | 780.2 k |

## EBIT margin, % | 1% | 7% | (0%) | (4%) | 4% | (1%) | 5% | 5% |

## Interest expense | 105.1 k | 42.5 k | 34 k | 34.3 k | 31.9 k | 25.7 k | 23.6 k | 21.7 k |

## Pre tax profit | 780.6 k | (30.1 k) | (649.7 k) | (150.8 k) | ||||

## Income tax expense | (39 k) | 2.4 k | (2.4 k) | (39 k) | 2.4 k | (41.6 k) | (84.1 k) | |

## Net Income | (13.3 k) | 741.6 k | (32.5 k) | (649.7 k) | 529.8 k | (153.2 k) | 647.6 k | 674.4 k |

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

## Cash | 4.7 m | 4.7 m | 6.4 m | 6.1 m |

## Accounts Receivable | 3.9 m | 6.8 m | 7.4 m | 9.6 m |

## Current Assets | 9.8 m | 12.8 m | 15.9 m | 17.2 m |

## PP&E | 160.7 k | 215.7 k | 495.3 k | 689.4 k |

## Goodwill | 1.5 m | 2.5 m | 3.7 m | 2.1 m |

## Total Assets | 11.6 m | 16.8 m | 22.9 m | 26.5 m |

## Accounts Payable | 5.1 m | 7.4 m | 8.3 m | 41.5 k |

## Short-term debt | 71.9 k | 55.5 k | ||

## Current Liabilities | 9.6 m | 10 m | 12.7 m | 11.4 m |

## Long-term debt | 400 k | 200 k | 200 k | |

## Non-Current Liabilities | 46.6 k | 383.4 k | 1.4 m | 949.6 k |

## Total Debt | 471.9 k | 255.5 k | ||

## Total Liabilities | 9.6 m | 10.4 m | 14.1 m | |

## Additional Paid-in Capital | 23.5 m | 26.6 m | 27.7 m | 28 m |

## Retained Earnings | (21.5 m) | (20.2 m) | (18.9 m) | (13.9 m) |

## Total Equity | 2 m | 6.4 m | 8.8 m | 14.1 m |

## Debt to Equity Ratio | 0.2 x | 0 x | ||

## Debt to Assets Ratio | 0 x | 0 x | ||

## Financial Leverage | 5.9 x | 2.6 x | 2.6 x | 1.9 x |

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

## Cash | 4.9 m | 4.3 m | 5.1 m | 5.1 m | 5.2 m | 5.3 m | 4.4 m | 5.4 m |

## Accounts Receivable | 4.5 m | 5.6 m | 7.3 m | 8.1 m | 7 m | 7.2 m | 8.7 m | 7.3 m |

## Current Assets | 10.7 m | 11 m | 13.9 m | 15.2 m | 14.5 m | 14.4 m | 15 m | 14.1 m |

## PP&E | 180.2 k | 206 k | 273.7 k | 291.1 k | 340.6 k | 554.1 k | 543.8 k | 758.6 k |

## Goodwill | 1.5 m | 2.5 m | 2.5 m | 3.8 m | 3.7 m | 3.7 m | 3.7 m | 3.7 m |

## Total Assets | 12.5 m | 15.1 m | 17.9 m | 22.4 m | 21.4 m | 21.3 m | 21.7 m | 20.9 m |

## Accounts Payable | 34.4 k | 34.4 k | 34.4 k | 109 k | 109 k | 41.5 k | 41.5 k | 41.5 k |

## Short-term debt | 71.3 k | 61.8 k | 75.2 k | |||||

## Current Liabilities | 10.1 m | 9 m | 11.1 m | 14 m | 12.6 m | 11.3 m | 11.1 m | 9.7 m |

## Long-term debt | 200 k | 200 k | 200 k | 200 k | 200 k | |||

## Non-Current Liabilities | 51.4 k | 372.7 k | 148.7 k | 1.7 m | 1.5 m | 1.2 m | 1.1 m | 954.2 k |

## Additional Paid-in Capital | 24 m | 26.6 m | 26.9 m | 27.7 m | 27.7 m | 27.7 m | 27.8 m | 27.9 m |

## Retained Earnings | (21.6 m) | (20.9 m) | (20.2 m) | (20.9 m) | (20.4 m) | (19 m) | (18.4 m) | (17.7 m) |

## Total Equity | 6.7 m | 8.7 m | 9.5 m | 10.2 m | ||||

## Financial Leverage | 2.7 x | 2.4 x | 2.3 x | 2 x |

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

## Net Income | 1.3 m | 1.3 m | 1.3 m | 5 m |

## Depreciation and Amortization | 753.3 k | |||

## Accounts Receivable | (2.2 m) | |||

## Accounts Payable | (570.7 k) | |||

## Cash From Operating Activities | 417.6 k | |||

## Purchases of PP&E | (205.1 k) | |||

## Cash From Investing Activities | (205.1 k) | |||

## Cash From Financing Activities | (558.4 k) | |||

## Interest Paid | 91.9 k |

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

## Net Income | (13.3 k) | 741.6 k | (32.5 k) | (649.7 k) | 529.8 k | (153.2 k) | 647.6 k | 674.4 k |

## Accounts Receivable | 4.5 m | 5.6 m | 7.3 m | 8.1 m | 7 m | 7.2 m | 8.7 m | 7.3 m |

## Accounts Payable | 6 m | 6.4 m | 8.7 m | 10.3 m | 8.7 m | 8 m | 7.8 m | 6 m |

USD | Y, 2016 |
---|---|

## Revenue/Employee | 285.3 k |

## Financial Leverage | 1.9 x |