Invuity Financials
$39.6 M
Revenue FY, 2017$64.8 M
Mkt cap, 23-Apr-2018Gross 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
| USD | FY, 2015 | FY, 2016 | FY, 2017 |
|---|---|---|---|
Revenue | 21 m | 32.5 m | 39.6 m |
Revenue growth, % | 54% | ||
Cost of goods sold | 7.7 m | 8.8 m | 11.7 m |
Gross profit | 13.3 m | 23.6 m | 27.9 m |
Gross profit Margin, % | 63% | 73% | 70% |
R&D expense | 7.9 m | 9.9 m | 9 m |
General and administrative expense | 40.6 m | 52.4 m | 54.1 m |
Operating expense total | 48.5 m | 62.3 m | 63.1 m |
EBIT | (35.2 m) | (38.7 m) | (35.3 m) |
EBIT margin, % | (167%) | (119%) | (89%) |
Interest expense | 1.9 m | 2 m | 2.4 m |
Interest income | 482 k | 89 k | 222 k |
Net Income | (37.6 m) | (40.6 m) |
- Source: SEC Filings
Quarterly
| USD | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 |
|---|---|---|---|---|---|---|---|---|
Revenue | 4.7 m | 5.6 m | 6.4 m | 8.2 m | 8.5 m | 9 m | 9.8 m | 9.6 m |
Cost of goods sold | 1.9 m | 2 m | 2.1 m | 2.1 m | 2.2 m | 2.1 m | 3 m | 2.9 m |
Gross profit | 2.8 m | 3.6 m | 4.3 m | 6.1 m | 6.3 m | 6.9 m | 6.8 m | 6.7 m |
Gross profit Margin, % | 59% | 64% | 67% | 75% | 74% | 77% | 69% | 70% |
R&D expense | 1.9 m | 2 m | 2.6 m | 2.3 m | 2.5 m | 2.4 m | 2.4 m | |
General and administrative expense | 9.8 m | 10.2 m | 13.3 m | 13.4 m | 12.1 m | 14.9 m | 14.2 m | |
Operating expense total | 11.7 m | 12.2 m | 15.9 m | 15.8 m | 14.6 m | 17.3 m | 16.6 m | 15.1 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 k | 504 k | 505 k | 505 k | 505 k | 487 k | 527 k | 545 k |
Interest income | 24 k | 28 k | 18 k | 13 k | 30 k | 57 k | 53 k | 51 k |
- Source: SEC Filings
Balance Sheet
Annual
| USD | FY, 2015 | FY, 2016 | FY, 2017 |
|---|---|---|---|
Cash | 46.3 m | 28.3 m | 18 m |
Accounts Receivable | 3.6 m | 5.8 m | 7.4 m |
Inventories | 923 k | 1.1 m | 7.4 m |
Current Assets | 56 m | 51.1 m | 37.3 m |
PP&E | 9.2 m | 8.3 m | 7.2 m |
Total Assets | 66.3 m | 60.3 m | 45.5 m |
Accounts Payable | 2.5 m | 2.2 m | 3.6 m |
Short-term debt | 1.4 m | ||
Current Liabilities | 6.7 m | 9.9 m | 14.6 m |
Long-term debt | 14.5 m | 13.3 m | 29.1 m |
Total Debt | 14.5 m | 14.6 m | 29.1 m |
Total Liabilities | 25.9 m | 46.4 m | |
Additional Paid-in Capital | 147.9 m | 180.6 m | 185.3 m |
Retained Earnings | (105.6 m) | (146.2 m) | (186.1 m) |
Total Equity | 42.3 m | 34.4 m | (862 k) |
Debt to Equity Ratio | 0.3 x | 0.4 x | |
Debt to Assets Ratio | 0.2 x | 0.2 x | |
Financial Leverage | 1.6 x | 1.8 x | -52.8 x |
Cash Flow
Annual
| USD | FY, 2015 | FY, 2016 | FY, 2017 |
|---|---|---|---|
Net Income | (37.6 m) | (40.6 m) | (39.9 m) |
Depreciation and Amortization | 1.7 m | 2 m | 2 m |
Accounts Receivable | (1 m) | (2.3 m) | (1.6 m) |
Inventories | 1.6 m | 130 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 m | 30.4 m | 21.5 m |
Interest Paid | 275 k | 1.5 m |
Ratios
| USD | Y, 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, 2015 | Q4, 2016 | FY, 2016 | |
|---|---|---|---|
Customers | 530 | 745 | |
Facilities | 1 | ||
Patent Applications | 46 | ||
Patents Issued | 44 | ||
Products | 40 | ||
Trademarks | 38 |
- Source: SEC Filings
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