Nuvectra Corporation Financials

$31.8 M

Revenue FY, 2017

$147.7 M

Mkt cap, 18-Apr-2018
Gross profit (FY, 2017)16 M
Gross profit margin (FY, 2017), %50.1%
Net income (FY, 2017)(44.6 M)
EBIT (FY, 2017)(42 M)
Cash, 31-Dec-201728.2 M
EV145.5 M

Revenue/Financials

Income Statement

Annual

USDFY, 2015FY, 2016FY, 2017

Revenue

5.2 m12.5 m31.8 m

Revenue growth, %

139%

Cost of goods sold

3.4 m6.4 m15.9 m

Gross profit

1.9 m6.1 m16 m

Gross profit Margin, %

36%49%50%

R&D expense

15.4 m14.5 m

General and administrative expense

10.5 m28.5 m43.9 m

Operating expense total

26 m43 m58 m

EBIT

(24.4 m)(37.4 m)(42 m)

EBIT margin, %

(466%)(298%)(132%)

Interest expense

1.3 m2 m

Pre tax profit

(24.4 m)(38.4 m)(44.6 m)

Income tax expense

25 k

Net Income

(24.4 m)(38.4 m)(44.6 m)

Quarterly

USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

2.1 m2.6 m3.8 m5 m7.2 m

Cost of goods sold

1.1 m1.3 m1.6 m2.4 m3.5 m

Gross profit

1 m1.3 m2.1 m2.6 m3.7 m

Gross profit Margin, %

49%51%57%52%51%

General and administrative expense

4.1 m6.1 m8 m10.8 m11.2 m

Operating expense total

8.1 m9.5 m11.1 m15.2 m14.4 m

EBIT

(7.1 m)(8.3 m)(9 m)(12.5 m)(10.7 m)

EBIT margin, %

(344%)(323%)(239%)(249%)(148%)

Interest expense

59 k464 k455 k370 k398 k

Pre tax profit

(7.1 m)(8.8 m)(9.5 m)(13.1 m)(11.2 m)

Net Income

(7.1 m)(8.8 m)(9.5 m)(13.1 m)(11.2 m)

Balance Sheet

Annual

USDFY, 2015FY, 2016FY, 2017

Cash

202 k63.7 m28.2 m

Accounts Receivable

4.2 m

Inventories

24 k5.2 m5 m

Current Assets

764 k72.6 m45 m

PP&E

4.5 m6.3 m6.2 m

Goodwill

38.2 m38.2 m38.2 m

Total Assets

45.4 m119.3 m91.1 m

Accounts Payable

9.9 m2 m

Short-term debt

Current Liabilities

7.6 m16 m16.1 m

Long-term debt

13.7 m25.9 m

Total Debt

13.7 m25.9 m

Total Liabilities

7.6 m30.7 m42.9 m

Additional Paid-in Capital

121.8 m126 m

Retained Earnings

(125.1 m)(33.2 m)(77.8 m)

Total Equity

37.8 m88.6 m48.2 m

Debt to Equity Ratio

0.2 x

Debt to Assets Ratio

0.1 x

Financial Leverage

1.2 x1.3 x1.9 x

Quarterly

USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

90.3 m83.5 m75.6 m48.1 m34.4 m

Inventories

4 m3.5 m

Current Assets

92.1 m87.1 m79.7 m56.7 m44.1 m

PP&E

5.2 m5.5 m6.6 m6.5 m6.3 m

Goodwill

38.2 m38.2 m38.2 m38.2 m38.2 m

Total Assets

137.9 m133.2 m126.8 m103.5 m90.7 m

Accounts Payable

5.5 m5.8 m8.4 m5.9 m3.3 m

Current Liabilities

6.2 m9.3 m10.9 m12.6 m11.6 m

Total Liabilities

20 m23.4 m25.8 m27.6 m25.4 m

Additional Paid-in Capital

119.9 m120.5 m121.1 m122.3 m123 m

Retained Earnings

(2 m)(10.7 m)(20.2 m)(46.4 m)(57.6 m)

Total Equity

118 m109.8 m101 m76 m65.4 m

Financial Leverage

1.2 x1.2 x1.3 x1.4 x1.4 x

Cash Flow

Annual

USDFY, 2015FY, 2016FY, 2017

Net Income

(24.4 m)(38.4 m)(44.6 m)

Depreciation and Amortization

1.6 m

Accounts Receivable

(8.1 m)

Inventories

(162 k)

Accounts Payable

(2.4 m)

Cash From Operating Activities

(23.4 m)(25.8 m)(48.2 m)

Purchases of PP&E

(529 k)(4 m)(1.2 m)

Cash From Investing Activities

(529 k)(4 m)(1.2 m)

Cash From Financing Activities

23.7 m93.3 m13.9 m

Interest Paid

1.4 m

Income Taxes Paid

13 k

Quarterly

USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(2 m)(10.7 m)(20.2 m)(13.1 m)

Inventories

4 m

Accounts Payable

5.5 m5.8 m8.4 m5.9 m

Ratios

USDY, 2017

EV/EBIT

-3.5 x

EV/CFO

-3 x

Revenue/Employee

357.7 k

Financial Leverage

1.9 x
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Operating Metrics

Nuvectra Corporation's Patent Applications was reported to be 132 in FY, 2016.
FY, 2016

Patent Applications

132

Patents Issued

265

Trademarks

5

Trademarks (foreign)

17

Trademarks Pending

31
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