Ekso Bionics Financials

$7.4 M

Revenue FY, 2017

$59.5 M

Mkt cap, 25-Apr-2018
Gross profit (FY, 2017)2.1 M
Gross profit margin (FY, 2017), %28.1%
Net income (FY, 2017)(29.1 M)
EBIT (FY, 2017)(31.6 M)
Cash, 31-Dec-201727.8 M

Revenue/Financials

Income Statement

Annual

USDFY, 2016FY, 2017

Revenue

14.2 m7.4 m

Cost of goods sold

11.3 m5.3 m

Gross profit

2.9 m2.1 m

Gross profit Margin, %

21%28%

Sales and marketing expense

11 m13.2 m

R&D expense

8.9 m9.5 m

General and administrative expense

10.9 m10.7 m

Operating expense total

30.7 m33.7 m

EBIT

(27.6 m)(31.6 m)

EBIT margin, %

(194%)(430%)

Interest expense

16 k648 k

Interest income

12 k

Net Income

(23.5 m)(29.1 m)

Quarterly

USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

1.2 m1.6 m1.7 m2.1 m2.9 m8.5 m1.6 m1.6 m1.4 m

Cost of goods sold

1.2 m1.1 m1.3 m1.6 m2.4 m7 m1.3 m1.2 m1.1 m

Gross profit

45.6 k479.8 k403 k502 k468 k1.5 m203 k403 k352 k

Gross profit Margin, %

4%30%24%24%16%18%13%25%25%

Sales and marketing expense

1.8 m1.6 m1.9 m2.5 m2.4 m2.5 m2.9 m2.7 m3.1 m

R&D expense

698.9 k1.1 m983 k1.7 m1.7 m2.1 m2.2 m2.2 m2.9 m

General and administrative expense

1.8 m1.5 m1.7 m1.9 m1.6 m3.5 m2.5 m2.3 m2.6 m

Operating expense total

4.4 m4.2 m4.5 m6.1 m5.6 m8.1 m7.6 m7.3 m8.5 m

EBIT

(4.3 m)(3.7 m)(4.1 m)(5.6 m)(5.2 m)(6.6 m)(7.4 m)(6.9 m)(8.1 m)

EBIT margin, %

(360%)(235%)(242%)(267%)(178%)(78%)(477%)(430%)(567%)

Interest expense

3.8 k2.4 k3 k3 k4 k

Interest income

1.5 k1 k4 k3 k2 k

Net Income

56.1 m12 m(4.1 m)(5.6 m)(5.2 m)(3.7 m)(5.8 m)(8.5 m)(8.3 m)

Balance Sheet

Annual

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

Cash

25.2 m19.6 m16.8 m27.8 m

Accounts Receivable

Inventories

388 k436 k1.6 m3 m

Current Assets

29.3 m25.2 m20.7 m34.9 m

PP&E

2.1 m2.6 m2.4 m2.2 m

Goodwill

189 k189 k189 k

Total Assets

33.5 m32.2 m24.4 m38 m

Accounts Payable

783 k2.7 m1.9 m2.4 m

Short-term debt

Current Liabilities

6.6 m8.6 m6.3 m9.2 m

Long-term debt

Total Liabilities

17.9 m16.6 m

Additional Paid-in Capital

94.5 m100.1 m121.3 m165.8 m

Retained Earnings

(71.8 m)(91.4 m)(114.9 m)(144.2 m)

Total Equity

22.8 m8.8 m6.5 m21.4 m

Financial Leverage

1.5 x3.7 x3.7 x1.8 x

Quarterly

USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

11 m7.2 m21.1 m16.3 m11.2 m12.3 m4.7 m12.8 m9.4 m

Accounts Receivable

1.5 m1.9 m1.5 m2.4 m2.2 m2.4 m1.6 m2.2 m1.3 m

Inventories

1.3 m864.4 k838 k1.2 m1.2 m2.5 m2.4 m1.9 m1.8 m

Current Assets

15.3 m11.7 m25.6 m22.2 m17.2 m18.2 m9.4 m17.6 m13.3 m

PP&E

1.8 m2 m2.2 m2.2 m2.4 m2.6 m2.6 m2.6 m2.5 m

Goodwill

189 k189 k189 k189 k

Total Assets

18.6 m15.4 m30 m26.9 m22.1 m22.6 m13.6 m21.6 m16.9 m

Accounts Payable

1.2 m1.1 m1.5 m2.3 m2.1 m3.6 m2.1 m1.4 m2.9 m

Current Liabilities

6.1 m5.9 m6.7 m8.4 m8.3 m7.8 m5.8 m5.5 m7 m

Additional Paid-in Capital

45.5 m45.6 m94.9 m95.4 m95.9 m101.7 m102.3 m117.5 m121.9 m

Retained Earnings

(63.7 m)(51.6 m)(75.9 m)(81.6 m)(86.7 m)(95 m)(100.8 m)(109.3 m)(123.3 m)

Total Equity

(18.1 m)(5.9 m)19.1 m13.9 m9.2 m6.8 m1.6 m8.2 m(1.4 m)

Financial Leverage

-1 x-2.6 x1.6 x1.9 x2.4 x3.3 x8.7 x2.6 x-12.2 x

Cash Flow

Annual

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

Net Income

(33.8 m)(19.6 m)(23.5 m)(29.1 m)

Depreciation and Amortization

745 k933 k1.9 m1.7 m

Accounts Receivable

(1 m)(520 k)154 k(1.1 m)

Inventories

354 k(200 k)(541 k)(2.1 m)

Accounts Payable

(716 k)1.7 m(818 k)77 k

Cash From Operating Activities

(15 m)(18.3 m)(25 m)(31.2 m)

Cash From Investing Activities

(1.5 m)(1.5 m)(1.1 m)(456 k)

Short-term Borrowings

(2.6 m)(60 k)(79 k)

Long-term Borrowings

(54 k)

Cash From Financing Activities

40.9 m14.1 m23.3 m42.6 m

Interest Paid

138 k12 k16 k429 k

Income Taxes Paid

38 k5 k33 k20 k

Quarterly

USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

56.1 m12 m(4.1 m)(5.6 m)(5.2 m)(3.7 m)(5.8 m)(8.5 m)(8.3 m)

Accounts Receivable

1.5 m1.9 m1.5 m2.4 m2.2 m2.4 m1.6 m2.2 m1.3 m

Accounts Payable

1.2 m1.1 m1.5 m2.3 m2.1 m3.6 m2.1 m1.4 m2.9 m

Ratios

USDY, 2017

Revenue/Employee

63.4 k

Financial Leverage

1.8 x
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