Avinger is a commercial-stage medical device company that designs, manufactures and sells image-guided, catheter-based systems that are used by physicians to treat patients with peripheral arterial disease, or PAD. The Company manufactures and sells a suite of products including the Lightbox imaging console, as well as the Wildcat, Kittycat2, Ocelot family of catheters, and Pantheris. 

Company Growth (employees)
Type
Public
HQ
Redwood City, US
Founded
2007
Size (employees)
197 (est)+6%
Avinger was founded in 2007 and is headquartered in Redwood City, US

Key People at Avinger

John B. Simpson

John B. Simpson

Chief Executive Officer
Bunty Banerjee

Bunty Banerjee

SVP, Operations
Bart Beasley

Bart Beasley

VP, Marketing, Product Development

Avinger Office Locations

Avinger has an office in Redwood City
Redwood City, US (HQ)
400 Chesapeake Dr

Avinger Data and Metrics

Avinger Financial Metrics

Avinger's revenue was reported to be $3.5 m in Q1, 2017
USD

Revenue (Q1, 2017)

3.5 m

Gross profit (Q1, 2017)

(584 k)

Gross profit margin (Q1, 2017), %

(17%)

EBIT (Q1, 2017)

(13.8 m)

Market capitalization (15-Aug-2017)

6.7 m

Cash (31-Dec-2016)

36.1 m
Avinger's current market capitalization is $6.7 m.
USDFY, 2015FY, 2016

Revenue

10.7 m

Net Income

(47.3 m)(56.1 m)
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

3 m2.7 m4.5 m4.7 m5.3 m3.5 m

Cost of goods sold

1.6 m1.8 m3.4 m3.6 m3.7 m4.1 m

Gross profit

1.4 m971 k1.2 m1 m1.6 m(584 k)

Gross profit Margin, %

46%36%26%22%30%(17%)

R&D expense

4 m4 m4 m3.9 m3.6 m3.9 m

General and administrative expense

6.5 m6.9 m12.2 m9.5 m9.4 m9.3 m

Operating expense total

10.5 m10.8 m16.2 m13.3 m13 m13.2 m

EBIT

(9.1 m)(9.9 m)(15 m)(12.3 m)(11.4 m)(13.8 m)

EBIT margin, %

(298%)(363%)(331%)(263%)(215%)(396%)

Interest expense

(1.3 m)(1.3 m)(1.2 m)(1.2 m)(1.6 m)(1.6 m)

Interest income

9 k11 k33 k28 k27 k32 k

Pre tax profit

(10.2 m)(13.3 m)(16.2 m)(13.5 m)(13 m)

Income tax expense

6 k(7 k)1 k6 k(7 k)
USDFY, 2015FY, 2016

Cash

43.1 m36.1 m

Accounts Receivable

1.6 m

Inventories

5.4 m8.5 m

Current Assets

51.1 m48.8 m

PP&E

2.8 m4.6 m

Total Assets

54.1 m53.6 m

Accounts Payable

1.1 m1.6 m

Current Liabilities

7.5 m48.8 m

Total Liabilities

49.3 m

Additional Paid-in Capital

211.8 m256.6 m

Retained Earnings

(196.3 m)(252.4 m)

Total Equity

15.6 m4.2 m

Financial Leverage

3.5 x12.6 x
USDFY, 2015FY, 2016

Net Income

(47.3 m)(56.1 m)

Depreciation and Amortization

1.3 m1.5 m

Accounts Receivable

7 k(1.5 m)

Inventories

(2.3 m)(6.1 m)

Accounts Payable

84 k470 k

Cash From Operating Activities

(40.9 m)(53.1 m)

Purchases of PP&E

(577 k)(971 k)

Cash From Investing Activities

(322 k)(971 k)

Cash From Financing Activities

71.9 m47.1 m

Interest Paid

5.9 m4.4 m
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Accounts Receivable

1.3 m1.7 m2.2 m

Inventories

4 m3.8 m3.2 m6.5 m6.9 m7.1 m8.4 m

Accounts Payable

1.7 m998 k464 k2.3 m703 k1.3 m1.2 m
USDY, 2017

Revenue/Employee

18.2 k

Avinger Market Value History

Traffic Overview of Avinger

Avinger Online and Social Media Presence

Avinger Company Life and Culture

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