CUI Global, Inc. (formerly Waytronx, Inc.) engages in commercializing thermal management solutions for LED display, semiconductor, and electronic packaging industries. The Company primarily focuses on commercializing its thermal cooling technology under the name WayCool. CUI's cooling solutions for central and graphics processors, solar energy devices, and power supplies help in the thermal management process in the electronics industry.

The Company's solutions are used for cooling applications in graphics processing units, central processing units, power supply units, solar energy, medical monitors, test appliances, and home electronics displays. CUI Global, through its wholly owned subsidiary, CUI, Inc., also provides electronic components, including power supplies, transformers, converters, connectors, and industrial controls for original equipment manufacturers (OEM). CUI Global, Inc., through its wholly owned subsidiary, CUI Japan, and through partnership interest in Comex Electronics Ltd., provides digital to analog and analog to digital test and measurement systems, and electronic components for OEM research and development.

CUI Global was founded in 1998 and is headquartered in Tualatin, US

President & CEO

CFO

COO

Director

CUI Global has an office in Tualatin

Tualatin, US (HQ)

20050 Sw 112th Ave

CUI Global's revenue was reported to be $17.8 m in Q1, 2017

USD

## Revenue (Q1, 2017) | 17.8 m |

## Gross profit (Q1, 2017) | 5.7 m |

## Gross profit margin (Q1, 2017), % | 32% |

## Net income (Q1, 2017) | (3.9 m) |

## EBIT (Q1, 2017) | (4 m) |

## Market capitalization (25-Jul-2017) | 69.6 m |

## Cash (31-Mar-2017) | 3 m |

CUI Global's current market capitalization is $69.6 m.

- Source: SEC Filings FY 2016

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Revenue | 76 m | 86.7 m | 86.5 m |

## Revenue growth, % | 25% | 14% | (0%) |

## Cost of goods sold | 47.5 m | 54.4 m | 54.2 m |

## Gross profit | 28.6 m | 32.3 m | 32.3 m |

## Gross profit Margin, % | 38% | 37% | 37% |

## R&D expense | 2 m | ||

## General and administrative expense | 34.2 m | ||

## Operating expense total | 31.4 m | 38 m | 38.8 m |

## EBIT | (2.9 m) | (5.7 m) | (6.5 m) |

## EBIT margin, % | (4%) | (7%) | (8%) |

## Interest expense | 508.1 k | 441 k | 467 k |

## Income tax expense | (408 k) | 38 k | |

## Net Income | (2.8 m) | (6 m) | (7.3 m) |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 19.2 m | 21.4 m | 16.9 m | 23 m | 24.9 m | 20.7 m | 23.1 m | 23.3 m | 17.8 m |

## Cost of goods sold | 11.5 m | 13.4 m | 10.6 m | 14.7 m | 15.5 m | 12.6 m | 14 m | 14.7 m | 12.2 m |

## Gross profit | 7.7 m | 8 m | 6.2 m | 8.3 m | 9.4 m | 8 m | 9.2 m | 8.6 m | 5.7 m |

## Gross profit Margin, % | 40% | 37% | 37% | 36% | 38% | 39% | 40% | 37% | 32% |

## R&D expense | 328.8 k | 323 k | 410.1 k | 485.8 k | 532 k | 506 k | 527 k | 512 k | 610 k |

## General and administrative expense | 6.5 m | 6.9 m | 8.7 m | 7.9 m | 7.9 m | 9.2 m | 9 m | 8.1 m | 8.6 m |

## Operating expense total | 6.8 m | 7.2 m | 9.1 m | 8.4 m | 8.5 m | 9.7 m | 9.5 m | 8.6 m | 9.2 m |

## EBIT | (222.4 k) | (278.3 k) | (4 m) | (815 k) | 167 k | (2.3 m) | (1 m) | (585 k) | (4 m) |

## EBIT margin, % | (1%) | (1%) | (24%) | (4%) | 1% | (11%) | (4%) | (3%) | (22%) |

## Interest expense | (127.8 k) | (127.2 k) | (112.9 k) | (96.4 k) | (109 k) | (123 k) | (121 k) | (119 k) | (116 k) |

## Income tax expense | (188 k) | 145 k | 128 k | (191 k) | (226 k) | ||||

## Net Income | (66.5 k) | (348.6 k) | (59 k) | (2.7 m) | (1.5 m) | (507 k) | (3.9 m) |

- Source: SEC Filings FY 2016

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 16.6 m | 11.7 m | 7.3 m | 4.6 m |

## Current Assets | 44.7 m | 43.1 m | 38.2 m | 32.1 m |

## PP&E | 8.2 m | 8.2 m | ||

## Goodwill | 21.5 m | 20.1 m | ||

## Total Assets | 95.2 m | 93.1 m | 90.8 m | 79.8 m |

## Accounts Payable | 4.1 m | 3.8 m | 5.8 m | 6.2 m |

## Current Liabilities | 15.3 m | 12.4 m | 17.1 m | 17.7 m |

## Total Liabilities | 31.2 m | |||

## Additional Paid-in Capital | 146.6 m | 148.4 m | 149.6 m | 150.2 m |

## Retained Earnings | (77.9 m) | (82.7 m) | (88.7 m) | (96 m) |

## Total Equity | 70.5 m | 66 m | 59.5 m | 48.6 m |

## Financial Leverage | 1.4 x | 1.4 x | 1.5 x | 1.6 x |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 15.2 m | 17.1 m | 9.6 m | 5.2 m | 6.2 m | 6.4 m | 6 m | 7.1 m | 3 m |

## Current Assets | 46.7 m | 46.5 m | 40.6 m | 40 m | 37.8 m | 35.7 m | 35.2 m | 34.9 m | 31.3 m |

## PP&E | 8.3 m | 8.3 m | 9.6 m | 11 m | |||||

## Goodwill | 21.6 m | 22.1 m | 21.7 m | 21.3 m | 20.7 m | 20.5 m | 20.2 m | ||

## Total Assets | 100.4 m | 98.2 m | 91.8 m | 93.3 m | 91.2 m | 87.4 m | 85.3 m | 84 m | 78.9 m |

## Accounts Payable | 4.7 m | 5 m | 5.6 m | 5.2 m | 5.5 m | 5.1 m | 5.6 m | 6 m | 7.7 m |

## Current Liabilities | 15.6 m | 14.6 m | 16 m | 16.3 m | 15.6 m | 16.5 m | 17.6 m | 17.7 m | 20.5 m |

## Additional Paid-in Capital | 147.3 m | 148.2 m | 148.7 m | 148.9 m | 149.1 m | 149.9 m | 150 m | 150.1 m | 150.4 m |

## Retained Earnings | (77.7 m) | (78 m) | (86.8 m) | (87.3 m) | (87.4 m) | (91.4 m) | (92.9 m) | (93.4 m) | (99.8 m) |

## Total Equity | 72.4 m | 71.7 m | 61.1 m | 62.2 m | 61.1 m | 56.6 m | 53.6 m | 52.4 m | 45.3 m |

## Financial Leverage | 1.4 x | 1.4 x | 1.5 x | 1.5 x | 1.5 x | 1.5 x | 1.6 x | 1.6 x | 1.7 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | (1.8 m) | (6 m) | (7.3 m) | |

## Depreciation and Amortization | 3.3 m | 4.2 m | 2.9 m | 2.4 m |

## Accounts Receivable | 1.6 m | (3.3 m) | (3.3 m) | 4.4 m |

## Inventories | (228.7 k) | (970.7 k) | (3.4 m) | (1.7 m) |

## Accounts Payable | (7 k) | (257.1 k) | 2.1 m | 495 k |

## Cash From Operating Activities | (3.1 m) | (6.3 m) | (773 k) | |

## Purchases of PP&E | (2.5 m) | (1.1 m) | (5.1 m) | (824 k) |

## Cash From Investing Activities | (1.5 m) | 2 m | (1.6 m) | |

## Cash From Financing Activities | (184.8 k) | (113 k) | ||

## Interest Paid | 424.6 k | 508.7 k | ||

## Income Taxes Paid | 426.1 k | 373.8 k | 44 k | 211 k |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | (66.5 k) | (348.6 k) | (59 k) | (2.7 m) | (1.5 m) | (507 k) | (3.9 m) | ||

## Depreciation and Amortization | 1.1 m | 1.1 m | 997.7 k | 646.1 k | 673 k | 608 k | 616 k | 585 k | 552 k |

## Accounts Payable | 4.7 m | 5 m | 5.6 m | 5.2 m | 5.5 m | 5.1 m | 5.6 m | 6 m | 7.7 m |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 50.3 k |

## Financial Leverage | 1.7 x |