Digipath, Inc. is an independent cannabis testing and media firm that supports the cannabis industry's best practices for reliable testing and delivers cannabis news coverage and education about the cannabis industry. Digipath's two business units are Digipath Labs and TNM News Corp. Digipath Labs is working to set the industry standard for testing all forms of cannabis-based products using FDA-compliant laboratory equipment and proprietary standard operating procedures (SOP) to ensure product safety and efficacy. TNM News Corp. has pioneered a cannabis-focused news network, The National Marijuana News, which delivers news, interviews, and education on all things cannabis.

Type
Public
HQ
Las Vegas, US
Founded
2010
Size (employees)
10 (est)
DigiPath was founded in 2010 and is headquartered in Las Vegas, US
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Key People/Management at DigiPath

Joe Bianco

Joe Bianco

CEO
Todd Denkin

Todd Denkin

Founder, COO, President
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DigiPath Office Locations

DigiPath has an office in Las Vegas
Las Vegas, US (HQ)
113 6450 Cameron St
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DigiPath Financials and Metrics

DigiPath Revenue

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DigiPath's revenue was reported to be $1.90 m in FY, 2017
USD

Revenue (Q2, 2018)

1.7 m

Gross profit (Q2, 2018)

659.2 k

Gross profit margin (Q2, 2018), %

38.7%

Net income (Q2, 2018)

(879.4 k)

EBIT (Q2, 2018)

(922.3 k)

Cash (31-Mar-2018)

236.4 k
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

485.9 k16.1 k818.6 k1.9 m

Revenue growth, %

(97%)4989%

Cost of goods sold

297.5 k85.6 k380 k904.2 k

Gross profit

188.3 k(69.5 k)438.5 k994 k
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q2, 2018

Revenue

173.8 k136.5 k6.9 k102.1 k141.1 k264.2 k409.8 k497 k1.7 m

Cost of goods sold

119.9 k88.8 k19.3 k70 k85.4 k102.7 k104.6 k221 k1 m

Gross profit

53.9 k47.7 k(12.4 k)32.1 k55.7 k161.5 k305.1 k276 k659.2 k

Gross profit Margin, %

31%35%(179%)31%40%61%74%56%39%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

5.1 m481.1 k135.4 k178.2 k

Accounts Receivable

123 k6.1 k98.4 k266.6 k

Inventories

285.3 k192.6 k

Current Assets

5.6 m785.2 k297.9 k544.2 k
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q2, 2018

Cash

3.7 m2 m1.3 m63.7 k182.8 k73.5 k163.3 k277.6 k236.4 k

Accounts Receivable

127.3 k184 k85 k20.8 k16.6 k103.2 k107.3 k167 k240 k

Inventories

205.4 k196.7 k206.1 k

Current Assets

4.1 m2.8 m2 m147.8 k270.8 k250.9 k326.4 k514.4 k571.3 k
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(2.8 m)(4.3 m)(3.7 m)(1.1 m)

Depreciation and Amortization

4.6 k83.7 k244.6 k253.5 k

Inventories

159 k(126.3 k)92.7 k

Accounts Payable

96 k(63.5 k)128.7 k(35.7 k)
Quarterly
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q2, 2018

Net Income

(1.7 m)(711.6 k)(771.5 k)(1.7 m)(446.2 k)(1.1 m)(126.2 k)(223.6 k)(879.4 k)

Depreciation and Amortization

61.1 k61.1 k61.2 k61.7 k141.7 k

Inventories

198.5 k205.4 k196.7 k206.1 k

Accounts Payable

162.7 k133.6 k111.9 k34.5 k93 k105.9 k144.5 k53.2 k156.1 k
USDY, 2018

Financial Leverage

1.3 x
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DigiPath Online and Social Media Presence

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DigiPath Company Life and Culture

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