FORM Holdings (FH) Financials

$32.8 M

Mkt cap, 27-Oct-2017

$12.6 M

Revenue Q1, 2018
Gross profit (Q1, 2018)2.8 M
Gross profit margin (Q1, 2018), %22.4%
Cash, 31-Mar-20183.6 M

Revenue/Financials

Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016

Revenue

1.4 m22.7 m19 m

Revenue growth, %

19%1492%(16%)

Cost of goods sold

800 k6.5 m

Gross profit

1.4 m21.9 m12.5 m

Gross profit Margin, %

100%96%66%

General and administrative expense

25.4 m10.2 m14.8 m

Operating expense total

25.4 m10.2 m14.8 m

EBIT

(111.2 m)(22.4 m)(10.3 m)

EBIT margin, %

(7803%)(99%)(55%)

Interest expense

2.6 m1.7 m

Pre tax profit

(109.2 m)(12.1 m)(24 m)

Income tax expense

Net Income

(109.7 m)(11.3 m)(24 m)

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Revenue

50 k250 k800 k150 k150 k2 m11.4 m3.1 m14.6 m16.4 m12.6 m

Cost of goods sold

6.7 m1.1 m2.2 m1.6 m11.9 m13.2 m9.8 m

Gross profit

(6.7 m)917 k9.2 m1.5 m2.7 m3.2 m2.8 m

Gross profit Margin, %

(13350%)45%81%50%19%19%22%

R&D expense

700 k225 k217 k228 k

General and administrative expense

4 m4 m3.9 m3 m2.3 m2.1 m3 m3.3 m4 m6.9 m5.2 m4.6 m

Operating expense total

11.2 m10.1 m11.2 m15.3 m6.9 m8.6 m9.7 m5.7 m22.1 m6.9 m20.7 m21.5 m35.7 m

Depreciation and amortization

1.7 m

EBIT

(11.2 m)(3.6 m)(10.7 m)(3.8 m)(6 m)

EBIT margin, %

(22352%)(176%)(94%)(122%)(41%)

Interest expense

465 k1.7 m476 k272 k949 k189 k178 k183 k

Pre tax profit

(10.9 m)(10 m)(12.4 m)(7 m)(8.5 m)(11.9 m)(5.4 m)(23.3 m)

Income tax expense

(29 k)(227 k)84 k

Net Income

(10.6 m)(11.1 m)(10 m)(12.4 m)(7 m)(8.5 m)(11.9 m)(4 m)(10.8 m)(5.3 m)

Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

33.6 m16 m25 m17.9 m

Accounts Receivable

449 k

Inventories

2.9 m

Current Assets

34.8 m18.6 m28.3 m23.5 m

PP&E

16.5 m

Goodwill

25.2 m

Total Assets

123.8 m37.4 m50.5 m82.8 m

Accounts Payable

5.1 m4.7 m6 m4.9 m

Current Liabilities

5.5 m4.7 m9.2 m11.8 m

Total Liabilities

18.6 m

Preferred Stock

Additional Paid-in Capital

189.5 m216 m237.2 m280.2 m

Retained Earnings

(220.9 m)

Total Equity

114.3 m31.2 m40.5 m64.2 m

Financial Leverage

1.1 x1.2 x1.2 x1.3 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Cash

40.4 m27.8 m31.7 m24.3 m12.2 m20.2 m14.4 m20.6 m27.4 m21.7 m11.7 m8 m3.6 m

Accounts Receivable

98 k1.1 m530 k1.8 m1.7 m2.2 m

Inventories

260 k408 k2.9 m4.3 m1.1 m

Current Assets

41.9 m28.5 m34.2 m27.9 m14.7 m22.4 m17.3 m23.4 m28.4 m26 m17.7 m15.9 m6.3 m

PP&E

16.2 m14.4 m15.9 m

Goodwill

66 m65.8 m65.8 m65.8 m4.9 m4.9 m4.9 m27.5 m25.8 m

Total Assets

138.5 m117.2 m122 m113.4 m32.5 m39.6 m33.6 m44.9 m37.7 m35.3 m78.7 m72.4 m37.5 m

Accounts Payable

4 m2.7 m4.6 m7.6 m4.8 m7.2 m9.9 m

Current Liabilities

4.3 m2.9 m4.7 m7.6 m4.8 m16.1 m14.1 m3.7 m7.6 m7.9 m10.8 m11.7 m8.6 m

Total Liabilities

8 m8.6 m18.4 m19.1 m15.5 m

Preferred Stock

Additional Paid-in Capital

186.3 m196.2 m210.4 m213.6 m218 m220.6 m228.7 m240.7 m241.2 m243.5 m282.8 m282.6 m290.7 m

Retained Earnings

(97.2 m)(109.6 m)(192.7 m)(201.2 m)(213.1 m)(200.8 m)(211.6 m)(216.9 m)(227.3 m)(234.3 m)(273.6 m)

Total Equity

109.9 m114.2 m104.9 m20.4 m16.7 m40 m29.7 m26.7 m60.3 m53.3 m22 m

Financial Leverage

1.1 x1.1 x1.1 x1.9 x2 x1.1 x1.3 x1.3 x1.3 x1.4 x1.7 x

Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(52.4 m)(109.7 m)(11.3 m)

Depreciation and Amortization

5.2 m4 m3.5 m1.8 m

Accounts Receivable

(132 k)

Inventories

16 k

Accounts Payable

(2.9 m)

Cash From Operating Activities

(23.5 m)(28.4 m)(2.6 m)(8.4 m)

Purchases of PP&E

(641 k)

Cash From Investing Activities

(1.6 m)(2.7 m)(104 k)3.5 m

Cash From Financing Activities

1.6 m13.5 m11.6 m(2.1 m)

Interest Paid

40 k

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018

Net Income

(33.5 m)(11.1 m)(21.2 m)(33.5 m)(7 m)(15.5 m)(27.4 m)(4 m)(10.8 m)(5.3 m)

Depreciation and Amortization

3.9 m1.1 m2.1 m1 m1.8 m851 k1.9 m1.7 m

Accounts Receivable

(814 k)530 k1.8 m1.7 m

Inventories

260 k408 k2.9 m109 k

Cash From Operating Activities

(17.4 m)(8.5 m)(13 m)(20.2 m)(3.5 m)(7.7 m)(13.6 m)(5.4 m)(2.3 m)

Purchases of PP&E

(27 k)(72 k)(145 k)(246 k)(1.2 m)

Cash From Investing Activities

(692 k)(72 k)(2.4 m)(2.6 m)(278 k)(287 k)(272 k)1.1 m(194 k)

Cash From Financing Activities

1.5 m2.8 m13.5 m13.5 m12.2 m12.2 m(50 k)(220 k)

Interest Paid

150 k

Income Taxes Paid

22 k

Ratios

USDY, 2018

Financial Leverage

1.7 x
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