Michelson Diagnostics

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.

Company Growth (employees)
Type
Private
HQ
Maidstone, GB
Founded
2006
Size (employees)
16 (est)
Michelson Diagnostics was founded in 2006 and is headquartered in Maidstone, GB

Key People at Michelson Diagnostics

Jon Holmes

Jon Holmes

CEO
Martin Johns

Martin Johns

Operations Director

Michelson Diagnostics Office Locations

Michelson Diagnostics has an office in Maidstone
Maidstone, GB (HQ)
Eclipse House Sittingbourne Rd

Michelson Diagnostics Data and Metrics

Summary Metrics

Founding Date

2006

Total Funding

$10.8 m

Latest funding size

$2.9 m

Time since last funding

over 2 years

Investors

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 Financial Metrics

Michelson Diagnostics's revenue was reported to be £630.2 k in FY, 2015 which is a 50% decrease from the previous period.
GBP

Revenue (FY, 2015)

630.2 k

Revenue growth (FY, 2014 - FY, 2015), %

(50%)

Gross profit (FY, 2015)

282.7 k

Gross profit margin (FY, 2015), %

45%

Net income (FY, 2015)

(2.5 m)

Cash (30-Sep-2016)

182 k
GBPFY, 2014FY, 2015

Revenue

1.3 m630.2 k

Revenue growth, %

(50%)

Cost of goods sold

212.9 k347.6 k

Gross profit

1 m282.7 k

Gross profit Margin, %

83%45%

Operating expense total

3 m3 m

Pre tax profit

(2 m)(2.7 m)

Net Income

(1.8 m)(2.5 m)
GBPFY, 2014FY, 2015FY, 2016

Cash

393.7 k1.4 m182 k

Accounts Receivable

202.2 k33.5 k495 k

Current Assets

1.8 m2.8 m1.2 m

PP&E

379.3 k580.1 k260.6 k

Total Assets

2.2 m3.4 m1.5 m

Accounts Payable

329.1 k667.8 k645.2 k

Current Liabilities

1.1 m1.5 m645.2 k

Retained Earnings

(1.8 m)(2.5 m)

Total Equity

547.4 k1.5 m623.4 k

Financial Leverage

3.9 x2.2 x2.4 x
GBPFY, 2014FY, 2015

Cash From Operating Activities

(1.9 m)(2 m)

Cash From Financing Activities

2.2 m3.6 m

Income Taxes Paid

147.5 k173.1 k
Y, 2016

Financial Leverage

2.4 x

Michelson Diagnostics Online and Social Media Presence

Michelson Diagnostics Company Life and Culture

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