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.

Type
Private
HQ
Maidstone, GB
Founded
2006
Size (employees)
13 (est)-7%
Michelson Diagnostics was founded in 2006 and is headquartered in Maidstone, GB
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Key People/Management 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
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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

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
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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.
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
GBPFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015

Revenue

250.8 k401 k662.9 k1.3 m630.2 k

Revenue growth, %

(50%)

Cost of goods sold

133.9 k125.3 k128.6 k212.9 k347.6 k

Gross profit

116.9 k275.7 k534.2 k1 m282.7 k
GBPFY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

144.9 k365.9 k606.2 k393.2 k1.4 m2 m254.4 k393.7 k1.4 m182 k143.3 k

Accounts Receivable

42.3 k74.2 k135.2 k83.9 k6.1 k31 k27.3 k202.2 k33.5 k4.7 k154.6 k

Inventories

62.6 k78 k232.4 k138.1 k272.5 k164 k488.1 k556.6 k565 k515.4 k

Current Assets

187.2 k585.1 k982.7 k709.6 k1.6 m2.4 m642.4 k1.8 m2.8 m1.2 m1.1 m
GBPFY, 2011FY, 2012FY, 2013FY, 2014FY, 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 m2.4 m2.2 m3.6 m

Net Change in Cash

1 m562.6 k(1.7 m)139.3 k998.8 k
GBPY, 2017

Financial Leverage

2.6 x
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Michelson Diagnostics Online and Social Media Presence

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