Michelson Diagnostics

Health medical devices medical diagnostics medical imaging medtech optics

Michelson Diagnostics is the developer and manufacturer of products based on Multi-Beam Optical Coherence Tomography(OCT), the uniquely powerful, innovative optical imaging technology that is capable of imaging living tissue microstructure at < 10 µm resolution, in real time, to depths of 1 mm or more.
Our breakthrough technology enables in-vivo capture, visualization and measurement of biological details that are too small to be seen with ultrasound, and too deep for conventional microscopy.

Revenue(FY, 2015)

£630.2 K

Total Funding

$10.8 M

Type

Private

Maidstone, GB

Founded

2006

Size (employees)

13 (est)

Website

vivosight.com

Michelson Diagnostics was founded in 2006 and is headquartered in Maidstone, GB

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Key People/Management at Michelson Diagnostics

Jon Holmes

CEO

Martin Johns

Operations Director

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Michelson Diagnostics Office Locations

Michelson Diagnostics has an office in Maidstone

Maidstone, GB (HQ)

Eclipse House Sittingbourne Rd

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Michelson Diagnostics Financials and Metrics

Summary Metrics

Founding Date	2006
Total Funding	$10.8 m
Latest funding size	$2.85 m
Time since last funding	3 years ago
Investors	Octopus Investments, Smith & Nephew, Catapult Ventures, Octopus Ventures, London Business Angels

Michelson Diagnostics's latest funding round in February 2015 was reported to be $2.9 m. In total, Michelson Diagnostics has raised $10.8 m

Michelson Diagnostics Financials

Michelson Diagnostics's revenue was reported to be £630.22 k in FY, 2015 which is a 49.6% decrease from the previous period.

Summary

GBP
Revenue (FY, 2015)	630.2 k
Revenue growth (FY, 2014 - FY, 2015), %	(49.6%)
Gross profit (FY, 2015)	282.7 k
Gross profit margin (FY, 2015), %	44.9%
Net income (FY, 2015)	(2.5 m)
EBITDA (FY, 2015)	(2.5 m)
EBIT (FY, 2015)	(2.7 m)
Cash (30-Sep-2017)	143.3 k

Income Statement

GBP	FY, 2011	FY, 2012	FY, 2013	FY, 2014	FY, 2015
Revenue	250.8 k	401 k	662.9 k	1.3 m	630.2 k
Revenue growth, %					(50%)
Cost of goods sold	133.9 k	125.3 k	128.6 k	212.9 k	347.6 k
Gross profit	116.9 k	275.7 k	534.2 k	1 m	282.7 k

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Balance Sheet

GBP	FY, 2007	FY, 2008	FY, 2009	FY, 2010	FY, 2011	FY, 2012	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Cash	144.9 k	365.9 k	606.2 k	393.2 k	1.4 m	2 m	254.4 k	393.7 k	1.4 m	182 k	143.3 k
Accounts Receivable	42.3 k	74.2 k	135.2 k	83.9 k	6.1 k	31 k	27.3 k	202.2 k	33.5 k	4.7 k	154.6 k
Inventories		62.6 k	78 k	232.4 k	138.1 k	272.5 k	164 k	488.1 k	556.6 k	565 k	515.4 k
Current Assets	187.2 k	585.1 k	982.7 k	709.6 k	1.6 m	2.4 m	642.4 k	1.8 m	2.8 m	1.2 m	1.1 m

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Cash Flow

GBP	FY, 2011	FY, 2012	FY, 2013	FY, 2014	FY, 2015
Net Income	(745.3 k)	(1.4 m)	(2.1 m)	(1.8 m)	(2.5 m)
Cash From Operating Activities	(697.3 k)	(1.6 m)	(1.7 m)	(1.9 m)	(2 m)
Cash From Financing Activities	1.9 m	2.4 m		2.2 m	3.6 m
Net Change in Cash	1 m	562.6 k	(1.7 m)	139.3 k	998.8 k