CleanSpark

CleanSpark’s vision is to empower communities through sustainable, secure, and reliable energy. CleanSpark accomplishes this through its pioneering work in fractalgrid technologies and federated enterprise services.
CleanSpark brings clean, sustainable energy solutions to institutional, commercial, industrial, and residential customers by providing advanced energy management and modeling software and systems products to enable the integration, installation, and operation & maintenance of virtual power plants and microgrids. Through CleanSpark’s suite of clean energy solutions, the Flex Power System, CleanSpark offers innovative solutions that deliver energy security at a price at or below the current price of electricity for a period of 25 years and beyond.
Founded in 2013 by the trio of Michael Firenze (President & CEO), Art Villanueva (CTO & CSO), and Bryan Huber (Managing Director, Emerging Markets), CleanSpark arose as the confluence of the defense, engineering, technology, construction, and architectural worlds to innovate solutions in the sustainable energy domain. The executive leadership of CleanSpark is committed to the providing a vertically integrated clean energy platform second to none.
CleanSpark’s partners include solar electric company Sungevity and commercial construction contractor Webcor Builders.

Company Growth (employees)
Type
Private
HQ
Poway, US
Founded
2012
Size (employees)
7 (est)
CleanSpark was founded in 2012 and is headquartered in Poway, US

CleanSpark Office Locations

CleanSpark has an office in Poway
Poway, US (HQ)
13000 Gregg St

CleanSpark Data and Metrics

Summary Metrics

Founding Date

2012

CleanSpark Financial Metrics

CleanSpark's revenue was reported to be $200.7 k in Q2, 2017
USD

Revenue (Q2, 2017)

200.7 k

Gross profit (Q2, 2017)

26.1 k

Gross profit margin (Q2, 2017), %

13%

Net income (Q2, 2017)

(2 m)

EBIT (Q2, 2017)

(1.1 m)

Cash (31-Mar-2017)

238.4 k
USDFY, 2016

Revenue

82 k

Cost of goods sold

31.3 k

Gross profit

50.8 k

Gross profit Margin, %

62%

R&D expense

1.8 k

General and administrative expense

86.1 k

Operating expense total

2.6 m

EBIT

(2.5 m)

EBIT margin, %

(3098%)

Interest expense

32

Net Income

(2.5 m)
USDQ1, 2014Q2, 2015Q3, 2015Q1, 2015Q2, 2016Q3, 2016Q1, 2016Q2, 2017

Revenue

2.6 k83.9 k200.7 k

Cost of goods sold

70018 k174.6 k

Gross profit

1.9 k65.9 k26.1 k

Gross profit Margin, %

73%79%13%

R&D expense

50 k2.2 k741.5 k36850 k368

General and administrative expense

17.8 k13.1 k8.3 k17.1 k9.6 k15.7 k67.3 k78.1 k

Operating expense total

67.8 k15.3 k8.3 k18.5 k9.9 k65.7 k67.6 k78.1 k

EBIT

(186.2 k)(3.2 m)(54.8 k)(72 k)(191.1 k)(133.5 k)(779.8 k)(1.1 m)

EBIT margin, %

(2144%)(930%)(546%)

Interest expense

(5.1 k)(997)(105)

Net Income

(191.3 k)(3.4 m)(3.4 m)(72 k)(262.4 k)(395.9 k)(792.6 k)(2 m)
USDFY, 2014FY, 2015FY, 2016

Cash

116.7 k88.5 k436.5 k

Accounts Receivable

57.1 k

Inventories

2.3 k

Current Assets

137.9 k112.9 k604.4 k

Goodwill

4.9 m

Total Assets

763.3 k817.4 k33 m

Accounts Payable

(589)

Total Debt

89.7 k

Current Liabilities

10.1 k55.4 k357.4 k

Total Liabilities

357.4 k

Additional Paid-in Capital

1.1 m4.6 m39.1 m

Total Equity

708.3 k32.7 m

Debt to Equity Ratio

0.1 x

Debt to Assets Ratio

0.1 x

Financial Leverage

1.1 x1 x
USDQ3, 2014Q1, 2014Q2, 2015Q3, 2015Q1, 2015Q2, 2016Q3, 2016Q1, 2016Q2, 2017

Cash

62.3 k58.1 k170 k125.9 k140 k151.7 k81.9 k205.4 k238.4 k

Accounts Receivable

75.1 k187.7 k

Inventories

20.6 k

Current Assets

65.3 k58.1 k228.9 k164.1 k150.6 k162 k93.8 k367.7 k475.3 k

Goodwill

4.9 m4.9 m

Total Assets

690.2 k685.9 k877.1 k818.7 k859.6 k856.5 k781 k32.3 m31.7 m

Accounts Payable

157.6 k1.4 k2.4 k2.4 k2.4 k589589(6.3 k)(6.3 k)

Current Liabilities

157.6 k8.9 k10.8 k6.8 k39.7 k13.4 k61.7 k379.6 k234 k

Additional Paid-in Capital

912.7 k1.3 m4.6 m4.6 m4.8 m5 m5 m39.1 m39.8 m

Total Equity

482.6 k676.9 k866.3 k719.4 k31.9 m31.4 m

Financial Leverage

1.4 x1 x1 x1.1 x1 x1 x
USDFY, 2014FY, 2015FY, 2016

Net Income

(45.1 k)(3.5 m)(2.5 m)

Depreciation and Amortization

2.8 k578.5 k

Accounts Receivable

(37 k)

Accounts Payable

(59 k)45.3 k(16.3 k)

Cash From Operating Activities

(103.5 k)(190.7 k)(438.2 k)

Purchases of PP&E

(77 k)(9.7 k)

Cash From Investing Activities

(3.5 k)(79.5 k)(20.9 k)

Cash From Financing Activities

223.5 k242 k807 k
USDQ1, 2014Q2, 2015Q3, 2015Q1, 2015Q2, 2016Q3, 2016Q1, 2016Q2, 2017

Net Income

(191.3 k)(3.4 m)(3.4 m)(72 k)(262.4 k)(395.9 k)(792.6 k)(2 m)

Depreciation and Amortization

6401.3 k2.1 k7.1 k20.5 k33.3 k488.8 k1.3 m

Accounts Receivable

(18 k)(130.6 k)

Accounts Payable

(1.2 k)674(3.4 k)(15.8 k)(42 k)6.2 k(24.8 k)(50.5 k)

Cash From Operating Activities

(106.9 k)(167 k)(203.9 k)(66.8 k)(139.6 k)(206.3 k)(279.7 k)(699.5 k)

Purchases of PP&E

(1.7 k)(20.9 k)(26.3 k)(9.4 k)(9.8 k)(9.8 k)(32.6 k)(97)

Cash From Investing Activities

(1.7 k)(21.8 k)(28.9 k)(11.7 k)(12.3 k)(15.3 k)(17.2 k)(66 k)

Cash From Financing Activities

50 k242 k242 k130 k215 k215 k65.7 k567.3 k

Interest Paid

105
USDY, 2017

Revenue/Employee

24.1 k

Financial Leverage

1 x

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CleanSpark Online and Social Media Presence

CleanSpark Company Life and Culture

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