Summary - Funding Rounds

Founding Date

2013

Total Funding

$5 m

Investors

In total, Keen Home had raised $5 m. Keen Home is a subsidiary of ConnectM Technology Solutions

Keen Home Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016

Revenue

1.2m915.1k

Revenue growth, %

(21%)

Cost of goods sold

866.5k727.2k

Gross profit

288.8k187.9k

Gross profit Margin, %

25%21%

Sales and marketing expense

72.1k466.1k502.3k

General and administrative expense

294.0k565.2k328.6k

Operating expense total

695.3k2.5m2.1m

EBIT

(695.3k)(2.2m)(1.9m)

EBIT margin, %

(188%)(213%)

Interest expense

29.8k123.8k

Interest income

7.06.0

Net Income

(691.1k)(2.2m)(2.1m)

EPS

(0.5)(0.7)(0.4)

Half Year

USDH1, 2015H1, 2016H1, 2017

Revenue

100.2k839.9k300.9k

Cost of goods sold

708.3k236.9k

Gross profit

100.2k131.6k64.0k

Gross profit Margin, %

100%16%21%

Sales and marketing expense

192.0k321.9k201.1k

General and administrative expense

240.0k167.4k201.1k

Operating expense total

897.3k1.2m1.1m

EBIT

(797.1k)(1.1m)(1.1m)

EBIT margin, %

(796%)(127%)(350%)

Interest expense

44.3k152.7k

Interest income

4.0

Net Income

(797.1k)(1.1m)1.2m

Keen Home Balance Sheet

Annual

USDFY, 2014FY, 2015FY, 2016

Cash

903.1k402.2k384.7k

Accounts Receivable

342.7k24.6k

Prepaid Expenses

3.2k365.03.7k

Inventories

566.7k25.4k

Current Assets

906.3k1.3m487.8k

PP&E

12.5k391.1k322.3k

Total Assets

918.8k1.8m863.9k

Accounts Payable

26.0k382.4k324.4k

Current Liabilities

113.0k3.1m3.9m

Total Debt

2.2m3.3m

Total Liabilities

113.0k3.1m3.9m

Common Stock

566.0566.0566.0

Preferred Stock

289.0289.0289.0

Additional Paid-in Capital

1.6m1.6m2.0m

Retained Earnings

(806.8k)(3.0m)(5.1m)

Total Equity

805.8k(1.4m)(3.1m)

Debt to Equity Ratio

-1.6 x-1.1 x

Debt to Assets Ratio

1.3 x3.8 x

Financial Leverage

1.1 x-1.3 x-0.3 x

Half Year

USDH1, 2015H1, 2016H1, 2017

Cash

288.3k99.2k1.0m

Prepaid Expenses

1.1k3.7k396.8k

Inventories

274.0k26.9k47.0k

Current Assets

563.4k129.9k1.5m

PP&E

136.5k366.3k287.5k

Total Assets

714.9k545.0k1.9m

Accounts Payable

37.7k295.5k117.4k

Current Liabilities

695.0k3.0m325.4k

Long-term debt

411.2k

Non-Current Liabilities

411.2k

Total Debt

300.0k2.7m411.2k

Total Liabilities

695.0k3.0m736.5k

Common Stock

566.0566.0660.0

Preferred Stock

289.0289.0661.0

Additional Paid-in Capital

1.6m1.6m7.4m

Retained Earnings

(1.6m)(4.1m)(6.3m)

Total Equity

19.9k(2.5m)1.2m

Debt to Equity Ratio

15.1 x-1.1 x0.4 x

Debt to Assets Ratio

0.4 x4.9 x0.2 x

Financial Leverage

35.9 x-0.2 x1.6 x

Keen Home Cash Flow

Annual

USDFY, 2014FY, 2015FY, 2016

Net Income

(691.1k)(2.2m)(2.1m)

Depreciation and Amortization

2.5k40.9k77.2k

Accounts Receivable

(342.7k)318.1k

Inventories

(566.7k)541.3k

Accounts Payable

(82.0)356.4k(57.9k)

Cash From Operating Activities

(650.9k)(2.3m)(1.2m)

Purchases of PP&E

(15.0k)(425.0k)(8.0k)

Cash From Investing Activities

(15.0k)(425.0k)(8.0k)

Long-term Borrowings

(31.0k)

Cash From Financing Activities

1.5m2.2m1.2m

Net Change in Cash

828.1k(500.9k)(17.5k)

Half Year

USDH1, 2015H1, 2016H1, 2017

Net Income

(797.1k)(1.1m)(1.2m)

Depreciation and Amortization

2.5k38.3k39.0k

Accounts Receivable

338.7k

Inventories

(274.0k)543.9k(21.6k)

Accounts Payable

11.7k(102.0k)(207.0k)

Cash From Operating Activities

(788.3k)(686.4k)(1.8m)

Purchases of PP&E

(126.5k)(8.0k)(4.1k)

Cash From Investing Activities

(126.5k)(8.0k)(4.1k)

Cash From Financing Activities

300.0k391.4k2.4m

Net Change in Cash

(614.8k)(303.0k)634.5k

Interest Paid

26.3k

Keen Home Ratios

USDFY, 2014

Financial Leverage

1.1 x

Keen Home Operating Metrics

Nov, 2016Sep, 2017

Units Sold to Date (Smart Vent)

30 k35.8 k

Customers

3 k