Bittium (BITTI.HE) stock price, revenue, and financials

Bittium market cap is €186.7 m, and annual revenue was €75.22 m in FY 2019

€186.7 M

BITTI.HE Mkt cap, 10-Nov-2021

€75.2 M

Bittium Revenue FY, 2019
Bittium Revenue growth (FY, 2018 - FY, 2019), %20%
Bittium Gross profit (FY, 2019)26.5 M
Bittium Gross profit margin (FY, 2019), %35.3%
Bittium Net income (FY, 2019)7.6 M
Bittium EBIT (FY, 2019)6.3 M
Bittium Cash, 31-Dec-201929.5 M
Bittium EV179.8 M
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Bittium Revenue

Bittium revenue was €75.22 m in FY, 2019 which is a 19.7% year over year increase from the previous period.

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Bittium Revenue Breakdown

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Bittium revenue breakdown by business segment: 65.6% from Products and 34.4% from Services

Bittium revenue breakdown by geographic segment: 20.0% from Other Europe, 55.0% from Finland, 24.6% from Americas and 0.4% from Other

Bittium Income Statement

Annual

EURFY, 2017FY, 2018FY, 2019

Revenue

51.6m62.8m75.2m

Revenue growth, %

22%20%

Cost of goods sold

39.0m39.9m48.7m

Gross profit

12.7m22.9m26.5m

Gross profit Margin, %

25%36%35%

Operating expense total

21.7m21.8m21.4m

Depreciation and amortization

3.9m4.6m8.0m

EBIT

6.2m2.8m6.3m

EBIT margin, %

12%5%8%

Interest expense

136.0k415.0k

Interest income

378.0k

Pre tax profit

(5.8m)2.7m5.9m

Income tax expense

(1.1m)(1.3m)(1.7m)

Net Income

(3.1m)4.0m7.6m

EPS

(0.1)0.10.2

Half Year

EURH1, 2017H1, 2018H1, 2019

Revenue

27.1m28.3m33.1m

Cost of goods sold

20.2m18.7m22.2m

Gross profit

6.9m9.6m10.9m

Gross profit Margin, %

25%34%33%

Operating expense total

10.9m7.6m9.7m

Depreciation and amortization

1.9m7.5m3.0m

EBITDA

(900.0k)1.3m4.7m

EBITDA margin, %

(3%)5%14%

EBIT

2.8m(800.0k)1.5m

EBIT margin, %

10%(3%)5%

Interest expense

200.0k

Interest income

300.0k

Pre tax profit

(2.4m)(800.0k)1.5m

Net Income

(1.1m)(800.0k)1.5m

Bittium Balance Sheet

Annual

EURFY, 2017FY, 2018FY, 2019

Cash

6.5m9.3m29.5m

Accounts Receivable

13.9m16.1m15.4m

Prepaid Expenses

2.3m2.2m1.6m

Inventories

10.6m14.6m18.2m

Current Assets

91.6m66.5m73.8m

PP&E

21.9m23.4m24.2m

Goodwill

5.8m5.8m5.8m

Total Assets

138.4m132.4m154.3m

Accounts Payable

9.2m5.7m4.7m

Short-term debt

725.0k747.0k1.2m

Current Liabilities

20.2m20.5m19.9m

Long-term debt

484.0k769.0k21.4m

Non-Current Liabilities

1.5m1.9m22.1m

Total Debt

1.2m1.5m22.6m

Total Liabilities

21.7m22.4m41.9m

Additional Paid-in Capital

12.9m12.9m12.9m

Retained Earnings

76.8m70.1m72.3m

Total Equity

116.7m110.0m112.3m

Debt to Equity Ratio

0 x0 x0.2 x

Debt to Assets Ratio

0 x0 x0.1 x

Financial Leverage

1.2 x1.2 x1.4 x

Half Year

EURH1, 2017H1, 2018H1, 2019

Cash

6.2m6.0m27.8m

Accounts Receivable

20.9m25.2m24.5m

Inventories

5.9m13.7m17.7m

Current Assets

100.2m69.4m75.7m

PP&E

17.9m23.4m24.6m

Goodwill

6.3m5.8m5.8m

Total Assets

138.7m126.7m150.3m

Accounts Payable

16.0m17.8m18.9m

Short-term debt

900.0k700.0k1.2m

Current Liabilities

18.0m20.0m21.8m

Long-term debt

600.0k500.0k21.5m

Non-Current Liabilities

2.0m1.5m22.3m

Total Debt

1.5m1.2m22.7m

Total Liabilities

20.0m21.5m44.1m

Additional Paid-in Capital

12.9m12.9m12.9m

Retained Earnings

78.7m65.3m66.2m

Total Equity

118.7m105.2m106.2m

Debt to Equity Ratio

0 x0 x0.2 x

Debt to Assets Ratio

0 x0 x0.2 x

Financial Leverage

1.2 x1.2 x1.4 x

Bittium Cash Flow

Annual

EURFY, 2017FY, 2018FY, 2019

Accounts Receivable

5.6m(4.3m)870.0k

Inventories

(6.4m)(3.9m)(3.5m)

Cash From Operating Activities

(45.0k)(548.0k)9.6m

Purchases of PP&E

(11.4m)(3.7m)(2.3m)

Capital Expenditures

(6.7m)(16.0m)(16.1m)

Cash From Investing Activities

(18.5m)(19.8m)(18.6m)

Long-term Borrowings

(2.7m)(949.0k)(1.4m)

Dividends Paid

(10.7m)(10.7m)(5.4m)

Cash From Financing Activities

(13.4m)(11.7m)13.2m

Net Change in Cash

(32.0m)(32.0m)4.3m

Interest Paid

451.0k1.4m741.0k

Income Taxes Paid

67.0k92.0k43.0k

Free Cash Flow

(6.7m)(16.5m)(6.5m)

Half Year

EURH1, 2017H1, 2018H1, 2019

Cash From Operating Activities

400.0k(10.5m)(1.2m)

Purchases of PP&E

(6.2m)(2.7m)(1.2m)

Capital Expenditures

(2.4m)(8.0m)(8.8m)

Cash From Investing Activities

(9.0m)(10.7m)(10.1m)

Long-term Borrowings

(2.2m)(600.0k)(700.0k)

Dividends Paid

(10.7m)(10.7m)(5.4m)

Cash From Financing Activities

(12.9m)(11.2m)13.9m

Free Cash Flow

(2.0m)(18.5m)(10.0m)

Bittium Ratios

EURH1, 2017

Financial Leverage

1.2 x