Invuity financials

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Invuity Revenue

Invuity revenue was $39.62 m in FY, 2017 which is a 22.1% year over year increase from the previous period.

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Summary - Funding Rounds

Founding Date

2004

Total Funding

$180.6 m

Investors

Kleiner Perkins, InterWest Partners, HealthCare Royalty Partners, Valence Life Sciences, Wexford Capital
In total, Invuity had raised $180.6 m. Invuity is a subsidiary of Stryker

Invuity Income Statement

Annual

USDFY, 2015FY, 2016FY, 2017

Revenue

21.0m32.5m39.6m

Revenue growth, %

54%22%

Cost of goods sold

7.7m8.8m11.7m

Gross profit

13.3m23.6m27.9m

Gross profit Margin, %

63%73%70%

R&D expense

7.9m9.9m9.0m

General and administrative expense

40.6m52.4m54.1m

Operating expense total

48.5m62.3m63.1m

EBIT

(35.2m)(38.7m)(35.3m)

EBIT margin, %

(167%)(119%)(89%)

Interest expense

1.9m2.0m2.4m

Interest income

482.0k89.0k222.0k

Net Income

(37.6m)(40.6m)(39.9m)

Quarterly

USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

4.7m5.6m6.4m8.2m8.5m9.0m9.8m9.6m9.5m10.5m

Cost of goods sold

1.9m2.0m2.1m2.1m2.2m2.1m3.0m2.9m2.9m4.1m

Gross profit

2.8m3.6m4.3m6.1m6.3m6.9m6.8m6.7m6.6m6.4m

Gross profit Margin, %

59%64%67%75%74%77%69%70%69%61%

R&D expense

1.9m2.0m2.6m2.3m2.5m2.4m2.4m2.3m1.9m2.1m

General and administrative expense

9.8m10.2m13.3m13.4m12.1m14.9m14.2m12.8m15.1m12.5m

Operating expense total

11.7m12.2m15.9m15.8m14.6m17.3m16.6m15.1m17.0m14.6m

EBIT

(8.9m)(8.7m)(11.6m)(9.6m)(8.3m)(10.4m)(9.9m)(8.4m)(10.4m)(8.2m)

EBIT margin, %

(187%)(155%)(181%)(117%)(98%)(115%)(101%)(88%)(110%)(78%)

Interest expense

504.0k504.0k505.0k505.0k505.0k487.0k527.0k545.0k775.0k794.0k

Interest income

24.0k28.0k18.0k13.0k30.0k57.0k53.0k51.0k56.0k109.0k

Invuity Balance Sheet

Annual

USDFY, 2015FY, 2016FY, 2017

Cash

46.3m28.3m18.0m

Accounts Receivable

3.6m5.8m7.4m

Prepaid Expenses

1.3m

Inventories

923.0k1.1m7.4m

Current Assets

56.0m51.1m37.3m

PP&E

9.2m8.3m7.2m

Total Assets

66.3m60.3m45.5m

Accounts Payable

2.5m2.2m3.6m

Short-term debt

1.4m5.9m

Current Liabilities

6.7m9.9m14.6m

Long-term debt

14.5m13.3m29.1m

Total Debt

14.5m14.6m29.1m

Total Liabilities

25.9m46.4m

Common Stock

17.0k

Additional Paid-in Capital

147.9m180.6m185.3m

Retained Earnings

(105.6m)(146.2m)(186.1m)

Total Equity

42.3m34.4m(862.0k)

Debt to Equity Ratio

0.3 x0.4 x-33.8 x

Debt to Assets Ratio

0.2 x0.2 x0.6 x

Financial Leverage

1.6 x1.8 x-52.8 x

Quarterly

USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

65.8m54.0m33.9m25.5m47.7m25.0m16.8m24.3m29.5m15.3m

Accounts Receivable

3.2m3.3m4.1m4.5m5.1m6.1m5.6m6.2m6.3m6.7m

Prepaid Expenses

1.1m1.4m782.0k572.0k952.0k835.0k702.0k1.6m1.1m1.6m

Inventories

4.8m4.9m5.6m5.5m5.1m5.9m5.6m6.5m8.7m8.5m

Current Assets

74.9m63.6m44.3m36.0m58.9m47.5m38.3m43.4m48.9m40.9m

PP&E

9.0m9.0m9.0m8.8m8.5m8.1m7.8m7.4m7.0m6.9m

Total Assets

85.1m73.7m54.3m46.1m68.7m56.5m47.3m52.1m56.8m48.7m

Accounts Payable

2.0m1.1m1.8m2.4m2.8m3.3m2.9m3.5m3.2m3.5m

Short-term debt

3.0m3.5m5.5m4.4m4.6m

Current Liabilities

7.1m4.4m6.7m8.1m9.2m12.2m12.5m15.0m14.5m19.2m

Long-term debt

14.4m14.4m19.3m19.4m29.1m29.2m24.6m

Total Debt

14.4m14.4m19.3m19.4m29.1m29.2m24.6m

Total Liabilities

24.4m21.7m23.6m24.6m25.4m34.2m34.5m46.7m46.3m46.4m

Common Stock

13.0k13.0k13.0k13.0k14.0k17.0k17.0k17.0k24.0k24.0k

Additional Paid-in Capital

147.1m147.5m148.4m149.3m180.0m181.7m182.6m184.1m207.9m208.6m

Retained Earnings

(86.4m)(95.6m)(117.7m)(127.8m)(136.7m)(159.4m)(169.8m)(178.7m)(197.3m)(206.3m)

Total Equity

60.7m52.0m30.7m21.5m43.3m22.2m12.8m5.4m10.6m2.3m

Debt to Equity Ratio

0.9 x1.5 x5.4 x2.8 x10.6 x

Debt to Assets Ratio

0.3 x0.4 x0.6 x0.5 x0.5 x

Financial Leverage

1.4 x1.4 x1.8 x2.1 x1.6 x2.5 x3.7 x9.6 x5.4 x20.9 x

Invuity Cash Flow

Annual

USDFY, 2015FY, 2016FY, 2017

Net Income

(37.6m)(40.6m)(39.9m)

Depreciation and Amortization

1.7m2.0m2.0m

Accounts Receivable

(1.0m)(2.3m)(1.6m)

Inventories

1.6m130.0k(2.4m)

Accounts Payable

1.3m(284.0k)1.4m

Cash From Operating Activities

(31.2m)(36.6m)(38.9m)

Purchases of PP&E

(3.7m)(1.0m)(844.0k)

Cash From Investing Activities

(3.7m)(11.8m)6.9m

Long-term Borrowings

(2.5m)

Cash From Financing Activities

75.1m30.4m21.5m

Net Change in Cash

(10.5m)

Interest Paid

275.0k1.5m

Quarterly

USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

(18.4m)(27.5m)(12.1m)(22.2m)(31.1m)(13.2m)(23.6m)(32.5m)(11.2m)(20.1m)

Depreciation and Amortization

819.0k1.3m484.0k972.0k1.5m497.0k1.0m1.5m365.0k748.0k

Accounts Receivable

(528.0k)(633.0k)(432.0k)(877.0k)(1.6m)(278.0k)262.0k(443.0k)1.3m835.0k

Inventories

(555.0k)(611.0k)(393.0k)(268.0k)61.0k(861.0k)(508.0k)(1.4m)(1.3m)(1.1m)

Accounts Payable

131.0k30.0k(650.0k)(129.0k)327.0k1.1m716.0k1.3m(388.0k)(131.0k)

Cash From Operating Activities

(15.2m)(23.9m)(12.2m)(20.3m)(28.0m)(12.8m)(21.3m)(31.1m)(8.5m)(18.1m)

Purchases of PP&E

(2.7m)(3.2m)(290.0k)(496.0k)(884.0k)(288.0k)(558.0k)(668.0k)(182.0k)(413.0k)

Cash From Investing Activities

(2.7m)(3.1m)(290.0k)(496.0k)(884.0k)912.0k472.0k5.6m(182.0k)(5.9m)

Cash From Financing Activities

77.6m75.0m18.0k(49.0k)30.3m8.5m9.3m21.5m20.3m21.4m

Net Change in Cash

59.7m48.0m(12.4m)(20.8m)1.4m(3.3m)(11.5m)(4.0m)(2.6m)

Interest Paid

608.0k1.2m

Invuity Ratios

USDQ2, 2015

Financial Leverage

1.4 x

Invuity Operating Metrics

Q4, 2015Q4, 2016FY, 2016

Customers

530 745

Facilities

1

Patent Applications

46

Patents Issued

44

Products

40

Trademarks

38

Invuity Employee Rating

3.318 votes
Culture & Values
3.4
Work/Life Balance
3.3
Senior Management
2.9
Salary & Benefits
4
Career Opportunities
3
Source
View Invuity profile

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