Avadim Health

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Avadim Health is a life sciences company that sells topical products to improve immune health, neuromuscular health and skin barrier health. Using its bionome engineered platform, it develops products that target the institutional care and self-care markets. Avadim Health's portfolio includes six marketed products, three of which are considered to be cosmetics: Theraworx Protect for immune health, Theraworx Protect U-Pak for urinary health, and Combat One for soldier and first responder readiness; and three of which are considered to be homeopathic drug products: Theraworx Relief for muscle cramps and spasms, Theraworx Relief for joint discomfort and inflammation, and PHUEL for topical muscle nutrition.

TypePrivate
Founded2007
HQAsheville, US
Websiteavadimhealth.com
Employee Ratings3.4

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Latest Updates

Employees (est.) (Sept 2019)226
Revenue (FY, 2018)$29 M(+169%)

Key People/Management at Avadim Health

Stephen Woody

Stephen Woody

CEO and Director
Joseph F. Renzulli

Joseph F. Renzulli

Chief Medical Officer
David Fann

David Fann

President and Director
Ralph Lombardo

Ralph Lombardo

SVP of Sales and Marketing
Jack Hands

Jack Hands

VP Clinical Sales
Rick Mazzei

Rick Mazzei

Vice President, Commercial Operations
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Avadim Health Office Locations

Avadim Health has an office in Asheville
Asheville, US (HQ)
81 Thompson St
Show all (1)

Avadim Health Financials and Metrics

Summary Metrics

Founding Date

2007
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Avadim Health Revenue

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View revenue for all periods
Avadim Health's revenue was reported to be $29.04 m in FY, 2018 which is a 168.5% increase from the previous period.
USD

Revenue (Q3, 2019)

14.3m

Gross profit (Q3, 2019)

7.6m

Gross profit margin (Q3, 2019), %

53.2%

Net income (Q3, 2019)

(10.0m)

Cash (30-Sept-2019)

7.2m
Annual
USDFY, 2017FY, 2018

Revenue

10.8m29.0m

Revenue growth, %

168%

Cost of goods sold

8.6m13.1m

Gross profit

2.3m16.0m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q4, 2017Q1, 2018Q2, 2018Q3, 2018Q4, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

1.9m2.1m2.6m4.2m4.7m6.7m8.4m9.2m9.6m10.5m14.3m

Cost of goods sold

1.7m1.9m1.8m3.2m2.4m3.4m3.3m4.0m3.2m4.1m6.7m

Gross profit

270.2k237.1k784.1k965.1k2.3m3.3m5.1m5.2m6.4m6.4m7.6m

Gross profit Margin, %

14%11%30%23%49%49%61%57%66%61%53%
Annual
USDFY, 2017FY, 2018

Cash

2.9m17.4m

Accounts Receivable

2.0m3.4m

Prepaid Expenses

365.5k129.1k

Inventories

2.8m7.6m
Quarterly
USDQ3, 2019

Cash

7.2m

Accounts Receivable

5.4m

Prepaid Expenses

159.1k

Inventories

12.4m
Annual
USDFY, 2017FY, 2018

Net Income

(29.2m)(49.5m)

Depreciation and Amortization

2.2m1.8m

Inventories

(411.2k)(4.8m)

Accounts Payable

1.2m1.8m
Quarterly
USDQ3, 2018Q3, 2019

Net Income

(24.9m)(31.8m)

Depreciation and Amortization

1.5m934.0k

Inventories

(4.3m)(4.8m)

Accounts Payable

2.9m2.5m
USDY, 2019

Revenue/Employee

63.3k

Debt/Equity

-1.1 x

Debt/Assets

1.8 x

Financial Leverage

-0.6 x
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Avadim Health Operating Metrics

Jul, 2016Nov, 2019Jan, 2020

Selling Points (Pharmacies)

47 k

Institutional Customers (Acute Care Hospitals)

60 250

Institutional Customers (Long-Term Care Facilities)

100 750

Completed Clinical Studies to Date

40
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Avadim Health Acquisitions / Subsidiaries

Company NameDateDeal Size
Avadim Health IP, Inc.
Bionome Properties Corp.
Quality Assurance Associates, Inc.
Relion Manufacturing, Inc.

Avadim Health Revenue Breakdown

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Avadim Health revenue breakdown by business segment: 5.9% from Other , 39.9% from Institutional Care and 54.2% from Retail Pharmacy / Consumer

Avadim Health Online and Social Media Presence

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Avadim Health News and Updates

Avadim Health postpones planned IPO

Avadim Health Inc. postponed a planned initial public offering on Thursday that would have seen the developer of non-prescription topical antiseptics raise up to $75 million, according to Renaissance Capital, a provider of institutional research and IPO exchange-traded funds. The Asheville, North C…

Avadim Health Frequently Asked Questions

  • When was Avadim Health founded?

    Avadim Health was founded in 2007.

  • Who are Avadim Health key executives?

    Avadim Health's key executives are Stephen Woody, Joseph F. Renzulli and David Fann.

  • How many employees does Avadim Health have?

    Avadim Health has 226 employees.

  • What is Avadim Health revenue?

    Latest Avadim Health annual revenue is $29 m.

  • What is Avadim Health revenue per employee?

    Latest Avadim Health revenue per employee is $128.5 k.

  • Who are Avadim Health competitors?

    Competitors of Avadim Health include Biotix, Abcam and Instem.

  • Where is Avadim Health headquarters?

    Avadim Health headquarters is located at 81 Thompson St, Asheville.

  • Where are Avadim Health offices?

    Avadim Health has an office in Asheville.

  • How many offices does Avadim Health have?

    Avadim Health has 1 office.