MRI Interventions (MRIC) Financials

$27.4 M

Mkt cap, 31-Oct-2017

$1.6 M

Revenue Q1, 2018
Gross profit (Q1, 2018)1 M
Gross profit margin (Q1, 2018), %63.7%
Net income (Q1, 2018)-1.6 M
EBIT (Q1, 2018)-1.4 M
Cash, 31-Mar-20187.5 M

Revenue/Financials

Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

3.9 m3.6 m4.6 m5.7 m7.4 m

Revenue growth, %

(8%)27%25%

Cost of goods sold

2.9 m

Gross profit

4.5 m

Gross profit Margin, %

61%

Sales and marketing expense

4 m

General and administrative expense

8 m8.4 m8 m4 m

Operating expense total

8 m8.4 m8 m8 m

EBIT

(7.5 m)(5.3 m)(9 m)(7.5 m)(6.3 m)

EBIT margin, %

(190%)(148%)(195%)(130%)(86%)

Interest expense

499.8 k1 m1.3 m1.1 m872.9 k

Interest income

24.5 k11.6 k16.5 k8.8 k

Net Income

(7.1 m)(4.5 m)(8.4 m)(8.1 m)(7.2 m)

Quarterly

USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018

Revenue

633.2 k1 m825.7 k1.2 m1.4 m1.1 m1.6 m2 m1.6 m

Cost of goods sold

589 k

Gross profit

1 m

Gross profit Margin, %

64%

Sales and marketing expense

962.2 k

General and administrative expense

2.1 m2.3 m2.2 m2.1 m2 m1.9 m1.9 m2.1 m953 k

Operating expense total

2.1 m2.3 m2.2 m2.1 m2 m1.9 m1.9 m2.1 m1.9 m

EBIT

(2.6 m)(2.9 m)(2.7 m)(1.9 m)(1.9 m)(2.1 m)(1.7 m)(1.4 m)(1.4 m)

EBIT margin, %

(414%)(291%)(325%)(155%)(139%)(186%)(106%)(67%)(88%)

Interest expense

288.8 k307.8 k311.5 k316.7 k349.6 k253.4 k241.1 k213.2 k247.5 k

Interest income

2.8 k7.5 k4.7 k2.7 k4.3 k2.1 k1.3 k

Net Income

(3.6 m)(3.9 m)(3.1 m)(245.4 k)(2 m)(1.8 m)(2.6 m)(1.7 m)(1.6 m)

Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

3.5 m9.2 m5.4 m3.3 m9.3 m

Accounts Receivable

770.4 k468.9 k1.2 m865.9 k949.4 k

Inventories

174.9 k29.2 k97.2 k1.8 m2.3 m

Current Assets

5.9 m11.7 m8.5 m6.1 m12.7 m

PP&E

903.2 k483 k440.6 k328.2 k267.7 k

Total Assets

7.9 m13.4 m10.1 m7.4 m13.9 m

Accounts Payable

1.4 m997.1 k697.8 k1.5 m759.4 k

Current Liabilities

10.1 m4.9 m7.7 m3 m4.4 m

Total Liabilities

8.2 m8.1 m

Additional Paid-in Capital

65.3 m76.4 m82.8 m93.1 m106.8 m

Retained Earnings

(72.8 m)(77.3 m)(85.7 m)(93.9 m)(101 m)

Total Equity

(6.8 m)(100.3 k)(2 m)(756.1 k)5.8 m

Financial Leverage

-1.2 x-133.4 x-5.1 x-9.8 x2.4 x

Quarterly

USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018

Cash

1.9 m6.4 m3.5 m1.9 m3.6 m2 m4.4 m2 m7.5 m

Accounts Receivable

548.8 k605.7 k487.1 k837.4 k1.5 m769.7 k803.5 k1 m910.1 k

Inventories

2.3 m2.1 m2.1 m1.8 m1.6 m1.6 m1.8 m1.8 m2.5 m

Current Assets

4.7 m9.2 m6.3 m4.6 m6.8 m4.7 m7.6 m4.9 m11.1 m

PP&E

559.4 k406.9 k432.9 k495.1 k459.3 k539.7 k430.7 k383.5 k387.9 k

Total Assets

6.5 m10.7 m7.9 m6.3 m8.3 m6.4 m9 m6.2 m12.3 m

Accounts Payable

1.4 m1.1 m585.2 k640.6 k818 k1.1 m1.5 m1.3 m654.8 k

Current Liabilities

6 m5.6 m9.5 m7.7 m3.2 m3.6 m3.4 m3.2 m5.7 m

Total Liabilities

7.6 m

Additional Paid-in Capital

66.8 m76.8 m77.7 m78 m83.2 m85.6 m92.7 m93.3 m107.3 m

Retained Earnings

(75.4 m)(81.2 m)(84.3 m)(84.5 m)(87.8 m)(89.6 m)(92.2 m)(95.5 m)(102.7 m)

Total Equity

(7.9 m)(3.6 m)(5.9 m)(5.8 m)(3.6 m)(4 m)574.6 k(2.2 m)4.7 m

Financial Leverage

-0.8 x-3 x-1.3 x-1.1 x-2.3 x-1.6 x15.7 x-2.8 x2.6 x

Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(7.1 m)(4.5 m)(8.4 m)(8.1 m)(7.2 m)

Depreciation and Amortization

211.9 k155.7 k116.5 k

Accounts Receivable

(324.9 k)301.4 k(749.1 k)352.1 k(83.5 k)

Inventories

(64 k)145.7 k(68 k)72.3 k(469.9 k)

Accounts Payable

(695.3 k)1.1 m(436.4 k)178.4 k(512.4 k)

Cash From Operating Activities

(7.8 m)(7.3 m)(8.6 m)(5.8 m)(6 m)

Purchases of PP&E

(74.5 k)(48.1 k)(76.9 k)(101 k)(26.8 k)

Cash From Investing Activities

(174.5 k)(48.1 k)(76.9 k)(101 k)(26.8 k)

Cash From Financing Activities

9.8 m13 m4.9 m3.8 m12 m

Interest Paid

11.2 k223.5 k223.5 k976.3 k348.5 k

Quarterly

USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018

Net Income

(3.6 m)(3.9 m)(3.1 m)(245.4 k)(2 m)(1.8 m)(2.6 m)(1.7 m)(1.6 m)

Depreciation and Amortization

31.6 k

Accounts Receivable

548.8 k605.7 k487.1 k837.4 k1.5 m769.7 k803.5 k1 m39.3 k

Accounts Payable

1.4 m1.1 m585.2 k640.6 k818 k1.1 m1.5 m1.3 m(500.9 k)

Cash From Operating Activities

(2 m)

Purchases of PP&E

(20.6 k)

Cash From Investing Activities

(20.6 k)

Cash From Financing Activities

205.1 k

Interest Paid

146.6 k

Ratios

USDY, 2018

Financial Leverage

2.6 x
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