Paraytec

Paraytec is a UK based scientific instrument company which specialises in designing, developing and manufacturing the award winning ActiPixtm brand of Ultra-Violet (UV) area imaging detectors. Paraytec’s unique systems use either single or multiplex capillary cartridges or specialised imaging cells for use in a variety of life science application areas; offering new insights and solutions to areas ranging from drug dissolution, molecular sizing and biopharmaceutical analysis to microfluidics detection. Paraytec’s innovative use of UV-imaging combined with the small sample sizes required and the reduced time it takes to get results is helping to increase the speed of advancements in academia, research and industry. Since 2005 Paraytec has grown rapidly to offer new insights and solutions to companies on a global scale. This success is attributable to Paraytec’s unfaltering dedication to exploit the latest technological advancements in dissolution. Through providing innovative technology Paraytec is enabling scientists and engineers alike to gain critical information about the dissolution of many substances, from nanoparticles to tooth enamel, with higher spatial resolution and accuracy than has previously been possible. Paraytec is also actively involved in research, with our contract research services using ActiPixtm technology readily available.
Company Growth (employees)
Type
Private
HQ
York, GB
Founded
2005
Size (employees)
6 (est)
Paraytec was founded in 2005 and is headquartered in York, GB

Paraytec Office Locations

Paraytec has an office in York
York, GB (HQ)
York House Outgang Lane Osbaldwick

Paraytec Data and Metrics

Summary Metrics

Founding Date

2005

Total Funding

$1 m

Latest funding size

$1 m

Time since last funding

over 8 years

Investors

Paraytec's latest funding round in December 2008 was reported to be $1 m. In total, Paraytec has raised $1 m

Paraytec Financial Metrics

Paraytec's revenue was reported to be £348.7 k in FY, 2016 which is a 1% increase from the previous period.
GBP

Revenue (FY, 2016)

348.7 k

Revenue growth (FY, 2015 - FY, 2016), %

1%

Gross profit (FY, 2016)

293.8 k

Gross profit margin (FY, 2016), %

84%

Net income (FY, 2016)

(53.4 k)
GBPFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

673.8 k681 k344.6 k348.7 k

Revenue growth, %

1%(49%)1%

Cost of goods sold

305.1 k289.2 k138.9 k54.9 k

Gross profit

368.7 k391.8 k205.7 k293.8 k

Gross profit Margin, %

55%58%60%84%

Operating expense total

444.6 k583.6 k440 k394.2 k

Pre tax profit

(265.1 k)(283.2 k)(110.6 k)

Net Income

(230.5 k)(220.7 k)(53.4 k)
GBPFY, 2014FY, 2015FY, 2016

Cash

8311 k

Accounts Receivable

72.9 k45.9 k

Current Assets

177.4 k115.9 k200.2 k

PP&E

3.5 k2.5 k1.9 k

Total Assets

180.8 k118.4 k202.2 k

Accounts Payable

164.7 k172.9 k116.6 k

Current Liabilities

313.5 k381.7 k165.2 k

Total Liabilities

760.4 k903.6 k271.7 k

Retained Earnings

(230.5 k)(220.7 k)(53.4 k)

Total Equity

(579.6 k)(785.2 k)(69.6 k)

Financial Leverage

-0.3 x-0.2 x-2.9 x
GBPFY, 2014FY, 2015FY, 2016

Income Taxes Paid

34.6 k62.5 k57.2 k
GBPY, 2016

Revenue/Employee

47.8 k

Financial Leverage

-2.9 x

Paraytec Online and Social Media Presence

Paraytec Company Life and Culture

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