Nevro Corp. was founded in 2006 and is headquartered in Redwood City, US

Nevro Corp. has an office in Redwood City

Redwood City, US (HQ)

1800 Bridge Pkwy

Nevro Corp.'s revenue was reported to be $68.4 m in Q1, 2017

USD

## Revenue (Q1, 2017) | 68.4 m |

## Gross profit (Q1, 2017) | 46.4 m |

## Gross profit margin (Q1, 2017), % | 68% |

## Net income (Q1, 2017) | (14.5 m) |

## EBIT (Q1, 2017) | (13.1 m) |

## Market capitalization (18-Aug-2017) | 2.5 b |

## Cash (31-Mar-2017) | 19.2 m |

Nevro Corp.'s current market capitalization is $2.5 b.

- Source: SEC Filings

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Revenue | 32.6 m | 69.6 m | 228.5 m |

## Revenue growth, % | 114% | 228% | |

## Cost of goods sold | 11.3 m | 28.1 m | 75.4 m |

## Gross profit | 21.3 m | 41.5 m | 153.1 m |

## Gross profit Margin, % | 65% | 60% | 67% |

## R&D expense | 19.8 m | 21.4 m | 33.7 m |

## Operating expense total | 19.8 m | 33.7 m | |

## EBIT | (28.3 m) | (62.4 m) | (23.1 m) |

## EBIT margin, % | (87%) | (90%) | (10%) |

## Interest expense | 16 k | 2.7 m | 6.4 m |

## Interest income | 16 k | 575 k | 1.7 m |

## Pre tax profit | (30.2 m) | (66.3 m) | (30.2 m) |

## Income tax expense | 478 k | 1.2 m | 1.6 m |

## Net Income | (30.7 m) | (67.4 m) | (31.8 m) |

USD | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|

## Revenue | 8.7 m | 9.7 m | 11.4 m | 15.4 m | 41.7 m | 55.4 m | 60.9 m | 68.4 m |

## Cost of goods sold | 2.7 m | 3.9 m | 5.5 m | 6 m | 15.7 m | 18.8 m | 19.2 m | 22.1 m |

## Gross profit | 5.9 m | 5.8 m | 5.9 m | 9.4 m | 26 m | 36.6 m | 41.7 m | 46.4 m |

## Gross profit Margin, % | 68% | 60% | 52% | 61% | 62% | 66% | 68% | 68% |

## R&D expense | 5.2 m | 5 m | 5.3 m | 5.2 m | 6.4 m | 8.2 m | 7.9 m | 8.7 m |

## EBIT | (6.5 m) | (12.3 m) | (19.2 m) | (17.7 m) | (9 m) | (5.9 m) | (1.9 m) | (13.1 m) |

## EBIT margin, % | (75%) | (128%) | (168%) | (115%) | (22%) | (11%) | (3%) | (19%) |

## Interest income | 20 k | 104 k | 110 k | 185 k | 215 k | 295 k | 556 k | 709 k |

## Pre tax profit | (7.7 m) | (13.9 m) | (19.6 m) | (19.2 m) | (9 m) | (8.5 m) | (3.4 m) | (14.2 m) |

## Net Income | (7.9 m) | (14.1 m) | (19.7 m) | (19.5 m) | (9.3 m) | (8.8 m) | (3.9 m) | (14.5 m) |

- Source: SEC Filings

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Cash | 25.3 m | 87 m | 41.4 m |

## Accounts Receivable | 22.5 m | 52.8 m | |

## Inventories | 62.4 m | 85.2 m | |

## Current Assets | 201.1 m | 282.6 m | 420.3 m |

## PP&E | 647 k | 5.8 m | 7.1 m |

## Total Assets | 202.5 m | 291.2 m | 430.6 m |

## Accounts Payable | 7.1 m | 21.9 m | 16.2 m |

## Total Debt | 39 m | 39.5 m | 138.1 m |

## Current Liabilities | 10.8 m | 36.4 m | 42.2 m |

## Total Liabilities | 181.5 m | ||

## Additional Paid-in Capital | 293.9 m | 424.1 m | 470.9 m |

## Retained Earnings | (122 m) | (189.4 m) | (221.2 m) |

## Total Equity | 172.1 m | 234.6 m | 249 m |

## Debt to Equity Ratio | 0.2 x | 0.2 x | 0.6 x |

## Debt to Assets Ratio | 0.2 x | 0.1 x | 0.3 x |

## Financial Leverage | 1.2 x | 1.2 x | 1.7 x |

USD | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|

## Cash | 14.5 m | 22 m | 58.7 m | 87.6 m | 48.8 m | 50.7 m | 42.7 m | 19.2 m |

## Inventories | 12.1 m | 18.2 m | 26.4 m | 42.7 m | 67.6 m | 68.1 m | 73.4 m | 84.7 m |

## Current Assets | 53.5 m | 187.8 m | 291.5 m | 279.2 m | 265.9 m | 402.5 m | 408.9 m | 407.4 m |

## PP&E | 289 k | 1.2 m | 2.8 m | 5.7 m | 5.9 m | 6.7 m | 7.6 m | 7.4 m |

## Total Assets | 56.1 m | 192.2 m | 297.3 m | 287.7 m | 274.5 m | 412.3 m | 419.9 m | 417.9 m |

## Accounts Payable | 3.5 m | 8.2 m | 7.3 m | 12.9 m | 11.8 m | 13.1 m | 13.1 m | 12.1 m |

## Current Liabilities | 8.7 m | 13.4 m | 16 m | 23.5 m | 25.4 m | 30.6 m | 34.6 m | 34.2 m |

## Additional Paid-in Capital | 7.7 m | 295.3 m | 417.1 m | 419.6 m | 427.8 m | 454.2 m | 460 m | 479.1 m |

## Retained Earnings | (113.7 m) | (136 m) | (155.8 m) | (175.2 m) | (198.7 m) | (207.5 m) | (211.4 m) | (235.7 m) |

## Total Equity | (106 m) | 159.1 m | 261.5 m | 244.3 m | 228.8 m | 246.4 m | 247.7 m | 242.5 m |

## Financial Leverage | -0.5 x | 1.2 x | 1.1 x | 1.2 x | 1.2 x | 1.7 x | 1.7 x | 1.7 x |

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Net Income | (30.7 m) | (67.4 m) | (31.8 m) |

## Depreciation and Amortization | 96 k | 614 k | 1.7 m |

## Accounts Receivable | 167 k | (16.2 m) | (32.2 m) |

## Inventories | (5.5 m) | (49.4 m) | (27 m) |

## Accounts Payable | 1.3 m | 17.1 m | (5.6 m) |

## Cash From Operating Activities | (31.1 m) | (100.4 m) | (58.5 m) |

## Purchases of PP&E | (625 k) | (5 m) | (3.4 m) |

## Cash From Investing Activities | (108.1 m) | 39.7 m | (131.7 m) |

## Long-term Borrowings | (19.5 m) | ||

## Cash From Financing Activities | 152.1 m | 122.8 m | 145.2 m |

## Interest Paid | 2.3 m | 2.5 m | |

## Income Taxes Paid | 670 k | 492 k |

USD | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|

## Net Income | (7.9 m) | (14.1 m) | (19.7 m) | (19.5 m) | (9.3 m) | (8.8 m) | (3.9 m) | (14.5 m) |

## Inventories | 67.6 m | 68.1 m | 73.4 m | 84.7 m | ||||

## Accounts Payable | 3.5 m | 8.2 m | 7.3 m | 12.9 m | 11.8 m | 13.1 m | 13.1 m | 12.1 m |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 132.1 k |

## Financial Leverage | 1.7 x |