Entellus Medical

Entellus Medical is focused on providing unique solutions to the unmet needs of the ENT (ear, nose and throat) physician, their patients, and payers through the development of innovative device technology and treatment solutions. The Company provides a simple, direct and effective treatment for Chronic Rhinosinusitis (CRS) that is less invasive, reduces pain and bleeding, shortens recovery time, and eliminates the need for general anesthesia. Entellus recently introduced FinESS Sinus Treatment, a simple and direct approach to effectively treat patients with CRS. FinESS can be performed under local anesthesia, with or without light sedation, and remodels the maxillary ostium and the ethmoid infundibulum using a microendoscope and a small balloon catheter. Unlike sinus surgery techniques, FinESS does not require the removal of delicate bone or sinus tissue, resulting in shorter treatment time with very little pain or bleeding. Recovery time is usually one to two days with many patients resuming normal activity within a day.

Type
Public
HQ
Plymouth, US
Founded
2006
Size (employees)
280 (est)+16%
Entellus Medical was founded in 2006 and is headquartered in Plymouth, US

Key People at Entellus Medical

Brian Farley

Brian Farley

President, CEO & Board Chairman
Margaret Boiano

Margaret Boiano

VP, Healthcare Policy & Reimbursement
Stephen Paidosh

Stephen Paidosh

VP, Operations

Entellus Medical Office Locations

Entellus Medical has an office in Plymouth
Plymouth, US (HQ)
3600 Holly Lane North

Entellus Medical Data and Metrics

Entellus Medical Financial Metrics

Entellus Medical's revenue was reported to be $75.2 m in FY, 2016 which is a 22% increase from the previous period.
USD

Revenue (FY, 2016)

75.2 m

Revenue growth (FY, 2015 - FY, 2016), %

22%

Gross profit (FY, 2016)

56.5 m

Gross profit margin (FY, 2016), %

75%

Net income (FY, 2016)

(28.7 m)

EBIT (FY, 2016)

(26.7 m)

Market capitalization (21-Jul-2017)

369.3 m

Cash (31-Dec-2016)

21.4 m

EV

357 m
Entellus Medical's current market capitalization is $369.3 m.
USDFY, 2015FY, 2016

Revenue

61.6 m75.2 m

Revenue growth, %

22%

Cost of goods sold

14.1 m18.7 m

Gross profit

47.5 m56.5 m

Gross profit Margin, %

77%75%

R&D expense

5.4 m7.8 m

General and administrative expense

13 m18.6 m

Operating expense total

63.4 m83.2 m

EBIT

(15.9 m)(26.7 m)

EBIT margin, %

(26%)(36%)

Interest expense

(2.6 m)(2.2 m)

Interest income

171 k278 k

Income tax expense

(6 k)

Net Income

(18.3 m)(28.7 m)
USDFY, 2015FY, 2016

Cash

28.5 m21.4 m

Accounts Receivable

10.4 m

Inventories

3.9 m7.2 m

Current Assets

83 m54.9 m

PP&E

4.1 m6.5 m

Goodwill

477 k

Total Assets

87.4 m72.1 m

Accounts Payable

2.2 m2.8 m

Total Debt

9.1 m

Current Liabilities

9.2 m24.9 m

Total Liabilities

36.6 m

Additional Paid-in Capital

179.7 m186.4 m

Retained Earnings

(122.1 m)(150.8 m)

Total Equity

57.6 m35.4 m

Debt to Equity Ratio

0.3 x

Debt to Assets Ratio

0.1 x

Financial Leverage

1.5 x2 x
USDFY, 2015FY, 2016

Net Income

(18.3 m)(28.7 m)

Depreciation and Amortization

1 m2.1 m

Inventories

(1.5 m)(3.3 m)

Accounts Payable

(206 k)596 k

Cash From Operating Activities

(14.2 m)(20.1 m)

Purchases of PP&E

(3.4 m)

Cash From Investing Activities

(42.1 m)12.3 m

Cash From Financing Activities

81.3 m782 k

Interest Paid

1.9 m1.9 m
USDY, 2016

EV/EBIT

-13.4 x

EV/CFO

-17.8 x

Revenue/Employee

309.4 k

Debt/Equity

0.3 x

Debt/Assets

0.1 x

Financial Leverage

2 x

Entellus Medical Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
SpiroxJuly 07, 2017$81 m

Entellus Medical Market Value History

Entellus Medical Company Life and Culture

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