Summary - Funding Rounds

Founding Date

1986

Pioneer Financial Services Income Statement

Annual

USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

7.4m4.8m1.9m1.4m298.0k448.0k(302.0k)101.0k

Cost of goods sold

2.9m3.2m1.3m

Gross profit

1.9m(1.3m)17.0k

Gross profit Margin, %

39%(66%)1%

R&D expense

2.3m

Operating expense total

4.2m3.0m2.9m4.4m6.7m4.4m4.3m6.8m

Depreciation and amortization

1.7m1.2m

Interest expense

19.2m19.3m18.3m15.6m11.4m11.6m10.6m10.0m

Pre tax profit

28.6m18.1m13.7m(42.5m)9.2m5.8m641.0k9.7m

Income tax expense

11.5m6.0m4.3m(4.2m)3.7m2.0m230.0k7.0m

Net Income

17.1m12.0m9.4m(38.3m)5.5m3.8m411.0k2.8m

Pioneer Financial Services Balance Sheet

Annual

USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

1.3m2.1m1.9m7.7m7.0m11.3m7.2m3.9m

Prepaid Expenses

5.0m7.9m10.0m8.1m9.1m3.1m6.5m

PP&E

110.1k565.0k383.2k2.6m2.8m4.1m4.0m

Goodwill

31.5m31.5m31.5m

Total Assets

397.3m403.5m381.0m268.3m276.3m272.5m226.8m222.6m

Accounts Payable

217.7k536.9k191.4k316.0k620.0k3.8m

Short-term debt

89.6m

Long-term debt

253.4m19.2m15.4m114.4m106.9m

Total Debt

342.9m19.2m15.4m114.4m106.9m

Total Liabilities

282.6m283.5m276.3m205.2m200.9m193.7m149.6m142.8m

Common Stock

86.4m86.4m86.4m86.4m86.4m95.4m95.4m

Additional Paid-in Capital

9.0m

Retained Earnings

28.2m33.5m18.3m(23.2m)(20.0m)(16.7m)(18.2m)(15.6m)

Total Equity

114.7m119.9m104.7m63.2m75.4m77.2m79.8m

Debt to Equity Ratio

2.9 x0.2 x0.2 x1.5 x1.3 x

Debt to Assets Ratio

0.8 x0.1 x0.1 x0.5 x0.5 x

Financial Leverage

3.5 x3.4 x3.6 x4.2 x3.7 x2.9 x2.8 x

Quarterly

USDQ1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

2.7m1.6m1.4m1.3m11.7m2.5m3.2m3.4m5.6m4.9m8.1m8.4m12.2m5.1m5.2m6.5m5.2m3.3m7.9m14.8m13.2m5.4m8.3m8.6m9.5m3.5m3.9m

Prepaid Expenses

2.6m6.2m7.3m5.1m2.5m3.2m3.0m9.3m9.9m3.4m9.2m8.8m5.4m10.8m9.0m3.8m9.1m8.6m5.2m4.2m3.2m2.9m3.1m3.0m12.9m16.4m8.1m

PP&E

180.1k161.6k136.7k83.7k81.5k71.6k517.3k466.0k415.4k333.0k341.0k354.0k3.5m4.1m2.8m2.9m3.0m3.5m4.0m4.0m4.1m4.1m4.5m4.2m3.8m3.5m2.7m

Goodwill

31.5m31.5m31.5m31.5m31.5m31.5m31.5m31.5m31.5m31.5m31.5m31.5m

Total Assets

399.9m391.1m407.0m407.4m382.3m379.1m391.7m380.8m384.9m358.0m334.8m314.0m256.9m232.2m253.7m277.3m266.4m267.2m260.2m237.1m232.6m222.5m209.0m213.1m230.9m221.1m213.2m

Accounts Payable

1.2m1.9m262.7k215.7k7.2m202.4k3.5m295.5k493.9k415.0k392.0k114.0k111.0k392.0k3.5m295.0k226.0k82.0k33.0m30.3m29.6m29.1m29.1m29.1m54.2m49.3m49.5m

Short-term debt

26.5m74.1m74.5m81.3m

Long-term debt

800.0k17.4m17.7m230.0k252.5m251.9m232.0m238.5m2.5m770.0k17.0m154.4m144.0m148.9m145.8m128.8m124.3m111.1m97.7m97.8m81.7m74.9m

Total Debt

800.0k17.4m17.7m230.0k279.0m326.0m306.4m319.8m2.5m770.0k17.0m154.4m144.0m148.9m145.8m128.8m124.3m111.1m97.7m97.8m81.7m74.9m

Total Liabilities

291.3m280.5m293.8m290.6m265.6m259.7m270.4m258.6m281.7m253.4m229.9m207.8m183.2m158.1m179.8m200.4m189.5m190.2m183.3m164.4m158.2m146.5m131.9m134.9m140.4m128.6m123.9m

Common Stock

86.4m86.4m86.4m86.4m86.4m86.4m86.4m86.4m86.4m86.4m86.4m86.4m86.4m86.4m86.4m86.4m86.4m86.4m95.4m95.4m95.4m95.4m95.4m95.4m86.4m86.4m86.4m

Additional Paid-in Capital

9.0m9.0m9.0m9.0m9.0m9.0m20.2m20.2m26.3m

Retained Earnings

22.1m24.1m26.6m30.3m30.1m33.0m34.9m35.8m16.7m18.1m18.5m19.8m(21.7m)(21.3m)(21.5m)(18.6m)(18.5m)(18.4m)(18.6m)(22.7m)(21.0m)(19.5m)(18.3m)(17.2m)(16.2m)(14.0m)(23.5m)

Total Equity

108.6m110.6m113.1m116.8m116.6m119.4m121.3m122.2m103.1m104.5m104.9m106.2m73.7m74.1m74.0m76.9m76.9m77.0m76.8m72.7m74.4m76.0m77.1m78.2m90.4m92.6m89.3m

Debt to Equity Ratio

0 x0.2 x0.2 x0 x2.3 x2.7 x2.5 x3.1 x0 x0 x0.2 x2 x1.9 x1.9 x1.9 x1.8 x1.7 x1.5 x1.3 x1.3 x0.9 x0.8 x

Debt to Assets Ratio

0 x0 x0 x0 x0.7 x0.8 x0.8 x0.8 x0 x0 x0.1 x0.6 x0.5 x0.6 x0.6 x0.5 x0.5 x0.5 x0.5 x0.5 x0.4 x0.3 x

Financial Leverage

3.7 x3.5 x3.6 x3.5 x3.3 x3.2 x3.2 x3.1 x3.7 x3.4 x3.2 x3 x3.5 x3.1 x3.4 x3.6 x3.5 x3.5 x3.4 x3.3 x3.1 x2.9 x2.7 x2.7 x2.6 x2.4 x2.4 x

Pioneer Financial Services Cash Flow

Quarterly

USDQ1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

4.3m8.5m13.2m4.1m5.9m9.6m2.6m4.8m6.8m1.2m2.1m3.9m1.5m3.0m3.4m1.9m2.0m2.1m23.0k(4.2m)(2.4m)(1.1m)114.0k1.2m813.0k3.0m(6.5m)

Depreciation and Amortization

748.7k1.5m2.2m561.9k1.1m1.7m460.5k919.5k1.4m342.0k682.0k1.0m28.0k54.0k80.0k87.0k173.0k591.0k197.0k584.0k971.0k513.0k888.0k1.8m

Accounts Payable

1.8m(378.0k)(1.6m)2.2m(1.0m)(1.5m)(665.0k)(4.6m)(3.9m)(141.0k)(1.3m)(1.0m)(1.9m)(2.1m)(2.8m)(589.0k)402.0k(1.4m)688.0k1.5m386.0k653.0k(552.0k)1.7m(2.0m)(2.3m)(2.1m)

Cash From Operating Activities

14.9m23.6m34.0m14.2m27.4m38.6m15.7m15.6m26.4m18.9m23.1m34.6m5.2m5.0m15.6m14.4m19.5m27.3m12.0m22.8m31.4m9.4m15.1m24.8m10.8m14.1m21.2m

Purchases of PP&E

(16.2k)(25.9k)(25.9k)(22.8k)(37.0k)(5.2k)(5.2k)(5.2k)(58.0k)(121.0k)(933.0k)(1.6m)(1.7m)(170.0k)(200.0k)(727.0k)(559.0k)(685.0k)(818.0k)(89.0k)(744.0k)(110.0k)(74.0k)(88.0k)(89.0k)

Cash From Investing Activities

(8.5m)(7.2m)(29.5m)(17.5m)4.0m(9.5m)(337.2k)9.7m340.6k8.7m31.4m43.7m3.2m17.8m(13.1m)(14.0m)(8.1m)(19.8m)(2.1m)14.0m9.5m(7.0m)3.9m(5.2m)(3.1m)(565.0k)(7.6m)

Short-term Borrowings

3.7m(230.0k)11.0m(1.1m)(17.0m)(92.5m)(99.5m)(16.3m)(38.4m)(48.0m)(21.5m)(44.0m)(57.0m)(45.0m)(65.0m)(189.6m)

Long-term Borrowings

(25.6m)(72.8m)(106.2m)(25.9m)(51.0m)(77.0m)(27.3m)(49.8m)(72.1m)(25.9m)(48.9m)(71.9m)(26.5m)(45.2m)(81.6m)(152.1m)(155.5m)(160.0m)(3.3m)(6.3m)(7.2m)(626.0k)(722.0k)(972.0k)(429.0k)(5.3m)(5.4m)

Dividends Paid

(2.3m)(4.4m)(6.5m)(2.0m)(4.0m)(4.9m)(1.2m)(2.5m)(23.6m)(1.3m)(1.9m)(2.3m)(1.1m)(1.6m)(474.0k)(474.0k)(474.0k)(1.9m)(1.9m)(1.9m)(205.0k)(205.0k)(205.0k)(1.4m)(1.4m)(1.4m)

Cash From Financing Activities

(5.7m)(16.9m)(5.1m)3.3m(20.9m)(27.9m)(14.3m)(24.0m)(23.3m)(24.7m)(48.3m)(71.8m)(3.8m)(25.3m)(5.0m)(958.0k)(13.3m)(11.2m)(13.4m)(33.3m)(39.1m)(4.3m)(17.9m)(18.2m)(2.1m)(13.9m)(13.6m)

Net Change in Cash

744.4k(386.2k)(548.4k)(474.0)10.5m1.2m1.0m1.3m3.4m2.9m6.2m6.5m4.6m(2.5m)(2.4m)(529.0k)(1.9m)(3.7m)(3.4m)3.5m1.9m(1.9m)1.1m1.4m5.6m(425.0k)(25.0k)

Interest Paid

4.0m8.1m12.3m4.8m8.8m12.7m4.8m8.5m12.2m4.3m7.7m10.9m2.7m4.8m7.1m2.7m5.3m7.8m2.4m5.0m7.5m2.7m5.2m8.0m2.9m5.4m8.1m

Income Taxes Paid

1.3m7.1m10.2m690.8k6.8m7.5m3.0m5.4m6.8m365.0k1.8m1.8m661.0k(111.0k)(743.0k)851.0k1.5m1.4m(428.0k)(1.2m)(1.7m)2.2m1.5m76.0k410.0k383.0k