ClearSign Combustion Financials

$540 K

Revenue FY, 2017

$28.5 M

Mkt cap, 20-Apr-2018
Gross profit (FY, 2017)160 K
Gross profit margin (FY, 2017), %29.6%
Net income (FY, 2017)(9.7 M)
EBIT (FY, 2017)(9.7 M)
Cash, 31-Dec-20171.2 M

Revenue/Financials

Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

61 k621 k540 k

Revenue growth, %

918%

Cost of goods sold

50 k485 k380 k

Gross profit

11 k136 k160 k

Gross profit Margin, %

18%22%30%

R&D expense

4.8 m4.7 m

General and administrative expense

6.5 m5.2 m

Operating expense total

11.3 m9.9 m

EBIT

(14 m)(21.3 m)(29.2 m)(11.2 m)(9.7 m)

EBIT margin, %

(47800%)(1804%)(1799%)

Interest income

44 k32 k32 k

Net Income

(14 m)(21.3 m)(29.2 m)(11.2 m)(9.7 m)

Quarterly

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

Revenue

260 k360 k

Cost of goods sold

47 k251 k

Gross profit

213 k109 k

Gross profit Margin, %

82%30%

R&D expense

714 k815 k1.3 m1.2 m1.2 m1.2 m1.1 m

General and administrative expense

1.1 m1.2 m1.3 m1.2 m2.8 m1.3 m1.1 m

Operating expense total

1.8 m2 m2.6 m2.4 m4.1 m2.5 m2.3 m

EBIT

(1.8 m)(2 m)(2.6 m)(2.4 m)(3.9 m)(2.4 m)(2.3 m)

EBIT margin, %

(1482%)(665%)

Interest income

14 k8 k12 k11 k7 k14 k15 k

Net Income

(1.6 m)(1.8 m)(2 m)(2.6 m)(2.4 m)(3.8 m)(2.4 m)(2.2 m)

Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

2.7 m1.8 m11 m1.3 m1.2 m

Accounts Receivable

103 k

Inventories

Current Assets

2.8 m2 m11.2 m1.9 m1.8 m

PP&E

498 k

Total Assets

4.7 m4.6 m14.2 m3.8 m4.2 m

Accounts Payable

297 k253 k755 k768 k

Short-term debt

Current Liabilities

883 k1.2 m1.6 m1.5 m1.5 m

Long-term debt

Total Liabilities

1.7 m

Additional Paid-in Capital

17.8 m24.2 m41.7 m42.6 m52.4 m

Retained Earnings

(21.3 m)(29.2 m)(40.3 m)(50 m)

Total Equity

3.8 m3 m12.6 m2.2 m2.4 m

Financial Leverage

1.2 x1.6 x1.1 x1.7 x1.7 x

Quarterly

USDQ1, 2015Q1, 2017

Cash

16.2 m7.5 m

Accounts Receivable

319 k

Current Assets

16.3 m8.2 m

Total Assets

19.2 m10.6 m

Accounts Payable

200 k580 k

Current Liabilities

888 k1 m

Total Liabilities

1.2 m1.3 m

Additional Paid-in Capital

40.9 m52 m

Retained Earnings

(22.8 m)(42.7 m)

Total Equity

18 m9.3 m

Financial Leverage

1.1 x1.1 x

Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(5.3 m)(7.3 m)(7.9 m)(11.2 m)(9.7 m)

Depreciation and Amortization

209 k243 k200 k208 k297 k

Accounts Receivable

103 k

Inventories

Accounts Payable

21 k(44 k)242 k260 k13 k

Cash From Operating Activities

(4.3 m)(5.5 m)(6.3 m)(8.7 m)(8.3 m)

Cash From Investing Activities

(1.1 m)(1.3 m)(1.2 m)(1.1 m)(421 k)

Cash From Financing Activities

39 k5.9 m16.6 m8.7 m

Interest Paid

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

(1.6 m)(1.8 m)(2 m)(2.6 m)(2.4 m)(3.8 m)(2.4 m)

Depreciation and Amortization

56 k60 k

Accounts Receivable

(216 k)103 k

Accounts Payable

205 k284 k216 k322 k(53 k)427 k370 k

Cash From Operating Activities

(1.7 m)(2.3 m)

Cash From Investing Activities

(352 k)(133 k)

Cash From Financing Activities

16.4 m8.7 m

Ratios

USDY, 2017

Revenue/Employee

37.2 k

Financial Leverage

1.7 x
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