Focus Universal (FCUV) Financials

$69.2 M

Mkt cap, 23-Oct-2017

$68.6 K

Revenue Q1, 2018
Gross profit (Q1, 2018)50.6 K
Gross profit margin (Q1, 2018), %73.9%
Net income (Q1, 2018)-203.8 K
EBIT (Q1, 2018)-149.7 K
Cash, 31-Mar-2018252.5 K

Revenue/Financials

Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016

Revenue

20.2 k337.5 k

Revenue growth, %

1575%

Cost of goods sold

10.7 k57.1 k

Gross profit

9.5 k280.4 k

Gross profit Margin, %

47%83%

R&D expense

General and administrative expense

348 40.5 k257.4 k

Operating expense total

348 40.5 k257.4 k

EBIT

(2.3 k)(84.3 k)(443.2 k)

EBIT margin, %

(419%)(131%)

Interest expense

203

Interest income

5.7 k

Pre tax profit

(439.3 k)

Income tax expense

1.6 k

Net Income

(2.3 k)(84.3 k)(440.9 k)

Quarterly

USDQ1, 2016Q2, 2016Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q3, 2017Q1, 2018

Revenue

2 k9.6 k84.4 k86.6 k79.7 k82.2 k220.6 k68.6 k

Cost of goods sold

2 k2 k5.7 k11.7 k13.2 k20.3 k146.5 k17.9 k

Gross profit

(17 )7.6 k78.7 k74.9 k66.4 k61.9 k74.1 k50.6 k

Gross profit Margin, %

(1%)79%93%87%83%75%34%74%

R&D expense

46.5 k53.3 k54.5 k58.5 k51 k

General and administrative expense

21.6 k16.1 k78.5 k71 k62.3 k62.9 k54.7 k69.2 k

Operating expense total

21.6 k16.1 k78.5 k117.5 k115.5 k117.4 k175.6 k200.3 k

Depreciation and amortization

1.4 k

EBIT

(34.7 k)(36.8 k)(114.4 k)(95.6 k)(105.1 k)(113.5 k)(101.5 k)(149.7 k)

EBIT margin, %

(1728%)(382%)(136%)(110%)(132%)(138%)(46%)(218%)

Interest expense

1.5 k1.9 k396 79 65 34 39.9 k54.1 k

Interest income

79 65 34 39.9 k

Pre tax profit

(26.2 k)(38.7 k)(115 k)(93.6 k)(99.2 k)(108.7 k)(140.6 k)(203.8 k)

Income tax expense

800 800 800

Net Income

(26.2 k)(39.5 k)(115.8 k)(93.6 k)(100 k)(108.7 k)(140.6 k)(203.8 k)

Balance Sheet

Annual

USDFY, 2014FY, 2015FY, 2016

Cash

7.4 k78 k340.1 k

Accounts Receivable

35.9 k

Inventories

104.8 k

Current Assets

7.7 k89.9 k488.8 k

PP&E

8.5 k

Total Assets

7.7 k113 k522 k

Accounts Payable

24.7 k

Current Liabilities

23.6 k141.8 k431.4 k

Total Liabilities

431.9 k

Additional Paid-in Capital

71.8 k713.2 k

Retained Earnings

(657.7 k)

Total Equity

(15.9 k)(28.8 k)90.1 k

Financial Leverage

-0.5 x-3.9 x5.8 x

Quarterly

USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q3, 2017Q1, 2018

Cash

601.6 k483.6 k423.5 k216.8 k577.6 k252.5 k

Accounts Receivable

75.8 k35.9 k105.5 k105 k44.7 k

Inventories

49.4 k41.2 k40.7 k97.6 k76 k66.3 k

Current Assets

683.3 k608.6 k510.5 k426.4 k769.7 k367.7 k

PP&E

2.3 k4.3 k4 k8.1 k7.1 k5.8 k

Total Assets

710.3 k637.6 k539.3 k459.2 k784 k380.7 k

Accounts Payable

24.7 k24.7 k24.7 k24.7 k7.2 k7.2 k

Current Liabilities

293.9 k314.8 k316.8 k477.7 k508.3 k534.1 k

Total Liabilities

548.2 k657.2 k

Additional Paid-in Capital

713.2 k713.2 k713.2 k1.4 m1.9 m1.9 m

Retained Earnings

(332.6 k)(426.2 k)(526.1 k)(1.4 m)(1.7 m)(2.2 m)

Total Equity

415.2 k321.6 k221.7 k(18.6 k)235.8 k(276.4 k)

Financial Leverage

1.7 x2 x2.4 x-24.7 x3.3 x-1.4 x

Cash Flow

Annual

USDFY, 2014FY, 2015FY, 2016

Net Income

(2.3 k)(84.3 k)(35.6 k)

Depreciation and Amortization

Accounts Receivable

Inventories

Cash From Operating Activities

(42.1 k)

Purchases of PP&E

Cash From Investing Activities

Cash From Financing Activities

176.5 k120 k

Interest Paid

Quarterly

USDQ1, 2016Q2, 2016Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018

Net Income

(26.2 k)(39.5 k)(115.8 k)(93.6 k)(100 k)(108.7 k)(203.8 k)

Depreciation and Amortization

111 545

Accounts Receivable

2 k86.1 k75.8 k35.9 k105.5 k(18.4 k)

Inventories

2.2 k41.2 k40.7 k97.6 k(18.9 k)

Accounts Payable

2 k3.8 k60.4 k

Cash From Operating Activities

(146.5 k)(141.9 k)

Purchases of PP&E

(1 k)

Cash From Investing Activities

(1 k)

Cash From Financing Activities

(82.9 k)

Interest Paid

501

Ratios

USDY, 2018

Financial Leverage

-1.4 x
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