Glassbridge Enterprises

GlassBridge Enterprises (formerly known as Imation Corp.) – is a holding company. The Company actively explores a diverse range of new, strategic asset management business opportunities for its portfolio. The Company’s wholly-owned subsidiary, GlassBridge Asset Management, LLC, is an investment advisor focused on technology-driven and quantitative strategies. The Company’s partially-owned subsidiary, Nexsan Corporation, is a global enterprise data storage business.

Type
Public
HQ
Oakdale, US
Founded
2017
Size (employees)
167 (est)
Glassbridge Enterprises was founded in 2017 and is headquartered in Oakdale, US

Glassbridge Enterprises Office Locations

Glassbridge Enterprises has an office in Oakdale
Oakdale, US (HQ)
1099 Helmo Ave N

Glassbridge Enterprises Data and Metrics

Glassbridge Enterprises Financial Metrics

Glassbridge Enterprises's revenue was reported to be $44.1 m in FY, 2016 which is a 92% decrease from the previous period.
USD

Revenue (FY, 2016)

44.1 m

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

(92%)

Gross profit (FY, 2016)

19.4 m

Gross profit margin (FY, 2016), %

44%

Net income (FY, 2016)

(125.2 m)

EBIT (FY, 2016)

(35 m)

Market capitalization (23-Jun-2017)

17.6 m

Closing share price (23-Jun-2017)

3.5

Cash (31-Dec-2016)

10 m

EV

7.6 m
Glassbridge Enterprises's current market capitalization is $17.6 m.
USDFY, 2014FY, 2015FY, 2016

Revenue

729.5 m529.2 m44.1 m

Revenue growth, %

(15%)(27%)(92%)

Cost of goods sold

591.1 m427.9 m24.7 m

Gross profit

138.4 m101.3 m19.4 m

Gross profit Margin, %

19%19%44%

R&D expense

18.8 m19.2 m11.9 m

General and administrative expense

137.8 m137.8 m34.9 m

Operating expense total

242.5 m278.6 m54.4 m

EBIT

(104.1 m)(177.3 m)(35 m)

EBIT margin, %

(14%)(34%)(79%)

Interest expense

2.6 m3.3 m

Interest income

500 k400 k200 k

Pre tax profit

(109.3 m)(181.5 m)39.7 m

Income tax expense

3.1 m12.5 m100 k

Net Income

(114.7 m)(194 m)(125.2 m)
USDFY, 2014FY, 2015FY, 2016

Cash

114.6 m70.4 m10 m

Accounts Receivable

134.4 m25.4 m7.7 m

Inventories

57.7 m10.5 m4.1 m

Current Assets

339.4 m151.7 m57.5 m

PP&E

45 m4.6 m2.8 m

Goodwill

36.1 m3.8 m3.8 m

Total Assets

499.2 m168.4 m71.3 m

Accounts Payable

95.5 m44.3 m7.1 m

Total Debt

18.9 m200 k

Current Liabilities

212.6 m110.1 m62.8 m

Total Liabilities

258.4 m144 m96.6 m

Additional Paid-in Capital

1 b1 b1 b

Retained Earnings

(699.9 m)(893.9 m)(1 b)

Total Equity

240.8 m24.4 m(25.3 m)

Debt to Equity Ratio

0.1 x0 x

Debt to Assets Ratio

0 x0 x

Financial Leverage

2.1 x6.9 x-2.8 x
USDFY, 2014FY, 2015FY, 2016

Net Income

(114.7 m)(194 m)(125.2 m)

Cash From Operating Activities

(7.8 m)(17.8 m)(84.8 m)

Capital Expenditures

(5.6 m)(3 m)(800 k)

Cash From Investing Activities

(2.2 m)(2.8 m)25 m

Cash From Financing Activities

(2.6 m)(20.2 m)(400 k)

Free Cash Flow

(13.4 m)(20.8 m)(85.6 m)
Y, 2016

EV/EBIT

-0.2 x

EV/CFO

-0.1 x

EV/FCF

-0.1 x

Financial Leverage

-2.8 x

Glassbridge Enterprises Operating Metrics

Glassbridge Enterprises's Enterprise Customers was reported to be 11 k in FY, 2016
FY, 2016

Enterprise Customers

11 k

Glassbridge Enterprises Market Value History

Glassbridge Enterprises Revenue Breakdown

Glassbridge Enterprises Online and Social Media Presence

Glassbridge Enterprises Company Life and Culture

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