Avinger Financials

$2.1 M

Revenue Q3, 2017

$882 K

Mkt cap, 20-Apr-2018
Gross profit (Q3, 2017)(1.2 M)
Gross profit margin (Q3, 2017), %(58.1%)
EBIT (Q3, 2017)(8.9 M)
Cash, 30-Sep-201710.2 M

Revenue/Financials

Income Statement

Annual

USDFY, 2015FY, 2016

Revenue

10.7 m

Net Income

(47.3 m)(56.1 m)

Quarterly

USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

3 m2.7 m4.5 m4.7 m5.3 m3.5 m2.5 m2.1 m

Cost of goods sold

1.6 m1.8 m3.4 m3.6 m3.7 m4.1 m3.9 m3.3 m

Gross profit

1.4 m971 k1.2 m1 m1.6 m(584 k)(1.5 m)(1.2 m)

Gross profit Margin, %

46%36%26%22%30%(17%)(59%)(58%)

R&D expense

4 m4 m4 m3.9 m3.6 m3.9 m3.1 m2.3 m

General and administrative expense

6.5 m6.9 m12.2 m9.5 m9.4 m9.3 m6.2 m4.9 m

Operating expense total

10.5 m10.8 m16.2 m13.3 m13 m13.2 m9.8 m7.7 m

EBIT

(9.1 m)(9.9 m)(15 m)(12.3 m)(11.4 m)(13.8 m)(11.3 m)(8.9 m)

EBIT margin, %

(298%)(363%)(331%)(263%)(215%)(396%)(458%)(428%)

Interest expense

1.3 m1.3 m1.2 m1.2 m1.6 m1.6 m1.6 m1.6 m

Interest income

9 k11 k33 k28 k27 k32 k31 k25 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)

Balance Sheet

Annual

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

Quarterly

USDQ3, 2017

Cash

10.2 m

Inventories

5 m

Current Assets

17.3 m

PP&E

3.5 m

Total Assets

21 m

Accounts Payable

841 k

Current Liabilities

47.5 m

Total Liabilities

47.7 m

Additional Paid-in Capital

264.4 m

Retained Earnings

(291.2 m)

Total Equity

(26.7 m)

Financial Leverage

-0.8 x

Cash Flow

Annual

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

Quarterly

USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Accounts Receivable

1.3 m1.7 m2.2 m

Inventories

4 m3.8 m3.2 m6.5 m6.9 m7.1 m8.4 m6.7 m5 m

Accounts Payable

1.7 m998 k464 k2.3 m703 k1.3 m1.2 m1.2 m841 k

Ratios

USDY, 2017

Revenue/Employee

10.5 k

Financial Leverage

-0.8 x
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