Financial News Revenue

Financial News revenue was £6.98 m in FY, 2018

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Summary - Funding Rounds

Founding Date

1996

Financial News Income Statement

Annual

GBPFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

9.4m8.9m8.7m7.6m7.0m

Cost of goods sold

3.8m3.1m3.0m2.3m2.1m

Gross profit

5.6m5.8m5.7m5.4m4.9m

Gross profit Margin, %

59%65%66%70%70%

Depreciation and amortization

198.0k164.0k1.0k1.0k

EBIT

1.2m2.7m2.5m2.6m2.3m

EBIT margin, %

13%31%28%34%33%

Interest income

259.0k281.0k343.0k461.0k526.0k

Pre tax profit

1.4m3.0m4.1m3.2m2.7m

Income tax expense

(13.0k)(190.0k)30.0k32.0k8.0k

Net Income

1.5m3.2m4.1m3.2m2.6m

Financial News Balance Sheet

Annual

GBPFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

80.0k1.1m1.9m1.7m5.8m

Accounts Receivable

2.2m3.5m2.0m1.3m27.2m

Current Assets

14.6m23.4m11.5m14.3m33.0m

PP&E

478.0k2.0k1.0k

Total Assets

20.9m24.1m28.2m31.2m33.3m

Accounts Payable

46.0k18.0k23.0k64.0k

Short-term debt

60.0k88.0k44.0k9.0k8.0k

Current Liabilities

3.2m3.4m3.4m3.2m2.7m

Non-Current Liabilities

178.0k95.0k

Total Debt

60.0k88.0k44.0k9.0k8.0k

Total Liabilities

3.4m3.5m3.4m3.2m2.7m

Common Stock

2.9m2.9m2.9m2.9m2.9m

Retained Earnings

9.0m12.2m16.3m19.5m22.1m

Total Equity

17.4m20.6m24.7m28.0m30.6m

Financial Leverage

1.2 x1.2 x1.1 x1.1 x1.1 x