Invuity is a medical technology company focused on pioneering the use of advanced photonics to provide surgeons with improved direct visualization of surgical cavities during open minimally invasive and minimal access procedures. The Company's patented Intelligent Photonics technology enables superior illumination and visualization and is designed to overcome the significant limitations of traditional surgical lighting options in the operating room.

Invuity's patented Intelligent Photonics is integrated into the Company's single-use and reusable advanced surgical devices to address some of the critical intracavity illumination and visualization challenges facing surgeons today. These devices utilize Invuity's proprietary optical waveguide technology to direct and shape thermally cool, brilliant light into broad, uniform and volumetric illumination of the surgical target.

Company Growth (employees)
Type
Public
HQ
San Francisco, US
Founded
2004
Size (employees)
174 (est)+54%
Invuity was founded in 2004 and is headquartered in San Francisco, US

Key People at Invuity

Philip Sawyer

Philip Sawyer

Chief Executive Officer, Board of Directors

Invuity Office Locations

Invuity has offices in San Francisco, Boise, Nashville, Dallas and in 9 other locations
San Francisco, US (HQ)
39 Stillman Street
Show all (13)

Invuity Data and Metrics

Invuity Financial Metrics

Invuity's revenue was reported to be $9 m in Q1, 2017
USD

Revenue (Q1, 2017)

9 m

Gross profit (Q1, 2017)

6.9 m

Gross profit margin (Q1, 2017), %

77%

EBIT (Q1, 2017)

(10.4 m)

Market capitalization (21-Jul-2017)

137.4 m

Cash (31-Dec-2016)

28.3 m

EV

123.7 m
Invuity's current market capitalization is $137.4 m.
USDFY, 2015FY, 2016

Revenue

21 m32.5 m

Revenue growth, %

54%

Cost of goods sold

7.7 m8.8 m

Gross profit

13.3 m23.6 m

Gross profit Margin, %

63%73%

R&D expense

7.9 m9.9 m

General and administrative expense

40.6 m52.4 m

Operating expense total

48.5 m62.3 m

EBIT

(35.2 m)(38.7 m)

EBIT margin, %

(167%)(119%)

Interest expense

1.9 m2 m

Interest income

(482 k)89 k

Net Income

(37.6 m)(40.6 m)
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

4.7 m5.6 m6.4 m8.2 m8.5 m9 m

Cost of goods sold

1.9 m2 m2.1 m2.1 m2.2 m2.1 m

Gross profit

2.8 m3.6 m4.3 m6.1 m6.3 m6.9 m

Gross profit Margin, %

59%64%67%75%74%77%

R&D expense

1.9 m2 m2.6 m2.3 m2.5 m2.4 m

General and administrative expense

9.8 m10.2 m13.3 m13.4 m12.1 m14.9 m

Operating expense total

11.7 m12.2 m15.9 m15.8 m14.6 m17.3 m

EBIT

(8.9 m)(8.7 m)(11.6 m)(9.6 m)(8.3 m)(10.4 m)

EBIT margin, %

(187%)(155%)(181%)(117%)(98%)(115%)

Interest expense

(504 k)(504 k)(505 k)(505 k)(505 k)(487 k)

Interest income

24 k28 k18 k13 k30 k57 k
USDFY, 2015FY, 2016

Cash

46.3 m28.3 m

Accounts Receivable

3.6 m5.8 m

Inventories

923 k1.1 m

Current Assets

56 m51.1 m

PP&E

9.2 m8.3 m

Total Assets

66.3 m60.3 m

Accounts Payable

2.5 m2.2 m

Total Debt

14.5 m14.6 m

Current Liabilities

6.7 m9.9 m

Total Liabilities

25.9 m

Additional Paid-in Capital

147.9 m180.6 m

Retained Earnings

(105.6 m)(146.2 m)

Total Equity

42.3 m34.4 m

Debt to Equity Ratio

0.3 x0.4 x

Debt to Assets Ratio

0.2 x0.2 x

Financial Leverage

1.6 x1.8 x
USDFY, 2015FY, 2016

Net Income

(37.6 m)(40.6 m)

Depreciation and Amortization

1.7 m2 m

Accounts Receivable

(1 m)(2.3 m)

Inventories

1.6 m130 k

Accounts Payable

1.3 m(284 k)

Cash From Operating Activities

(31.2 m)(36.6 m)

Purchases of PP&E

(3.7 m)(1 m)

Cash From Investing Activities

(3.7 m)(11.8 m)

Long-term Borrowings

(2.5 m)

Cash From Financing Activities

75.1 m30.4 m

Interest Paid

275 k
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Accounts Receivable

3.2 m3.3 m4.1 m4.5 m5.1 m6.1 m

Inventories

4.8 m4.9 m5.6 m5.5 m5.1 m5.9 m

Accounts Payable

2 m1.1 m1.8 m2.4 m2.8 m3.3 m
Y, 2017

EV/EBIT

-11.9 x

Invuity Operating Metrics

Invuity's Customers was reported to be 745 in Q4, 2016. Invuity's Facilities was reported to be 1 in FY, 2016. Invuity's Patent Applications was reported to be 46 in FY, 2016
Q4, 2015Q4, 2016FY, 2016

Customers

530745

Products

40

Patents Issued

44

Patent Applications

46

Trademarks

38

Facilities

1

Invuity Market Value History

Invuity Online and Social Media Presence

Invuity Company Life and Culture

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