Invuity Financials

$39.6 M

Revenue FY, 2017

$64.8 M

Mkt cap, 23-Apr-2018
Gross profit (FY, 2017)27.9 M
Gross profit margin (FY, 2017), %70.4%
EBIT (FY, 2017)(35.3 M)
Cash, 31-Dec-201718 M
EV76 M

Revenue/Financials

Income Statement

Annual

USDFY, 2015FY, 2016FY, 2017

Revenue

21 m32.5 m39.6 m

Revenue growth, %

54%

Cost of goods sold

7.7 m8.8 m11.7 m

Gross profit

13.3 m23.6 m27.9 m

Gross profit Margin, %

63%73%70%

R&D expense

7.9 m9.9 m9 m

General and administrative expense

40.6 m52.4 m54.1 m

Operating expense total

48.5 m62.3 m63.1 m

EBIT

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

EBIT margin, %

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

Interest expense

1.9 m2 m2.4 m

Interest income

482 k89 k222 k

Net Income

(37.6 m)(40.6 m)

Quarterly

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

Revenue

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

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

R&D expense

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

General and administrative expense

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

Operating expense total

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

EBIT

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

EBIT margin, %

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

Interest expense

504 k504 k505 k505 k505 k487 k527 k545 k

Interest income

24 k28 k18 k13 k30 k57 k53 k51 k

Balance Sheet

Annual

USDFY, 2015FY, 2016FY, 2017

Cash

46.3 m28.3 m18 m

Accounts Receivable

3.6 m5.8 m7.4 m

Inventories

923 k1.1 m7.4 m

Current Assets

56 m51.1 m37.3 m

PP&E

9.2 m8.3 m7.2 m

Total Assets

66.3 m60.3 m45.5 m

Accounts Payable

2.5 m2.2 m3.6 m

Short-term debt

1.4 m

Current Liabilities

6.7 m9.9 m14.6 m

Long-term debt

14.5 m13.3 m29.1 m

Total Debt

14.5 m14.6 m29.1 m

Total Liabilities

25.9 m46.4 m

Additional Paid-in Capital

147.9 m180.6 m185.3 m

Retained Earnings

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

Total Equity

42.3 m34.4 m(862 k)

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-52.8 x

Quarterly

USDQ3, 2017

Accounts Receivable

6.2 m

Inventories

1.6 m

Accounts Payable

3.5 m

Cash Flow

Annual

USDFY, 2015FY, 2016FY, 2017

Net Income

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

Depreciation and Amortization

1.7 m2 m2 m

Accounts Receivable

(1 m)(2.3 m)(1.6 m)

Inventories

1.6 m130 k(2.4 m)

Accounts Payable

1.3 m(284 k)1.4 m

Cash From Operating Activities

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

Purchases of PP&E

(3.7 m)(1 m)(844 k)

Cash From Investing Activities

(3.7 m)(11.8 m)

Long-term Borrowings

(2.5 m)

Cash From Financing Activities

75.1 m30.4 m21.5 m

Interest Paid

275 k1.5 m

Quarterly

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

Accounts Receivable

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

Inventories

4.8 m4.9 m5.6 m5.5 m5.1 m5.9 m5.6 m1.6 m

Accounts Payable

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

Ratios

USDY, 2017

EV/EBIT

-2.2 x

EV/CFO

-2 x

Revenue/Employee

227.7 k

Financial Leverage

-52.8 x
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Operating Metrics

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

Customers

530 745

Facilities

1

Patent Applications

46

Patents Issued

44

Products

40

Trademarks

38
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