Pyreos is the world’s only volume supplier of thin-film PZT pyroelectric sensors. The company develops and makes these infra-red sensors for use in a wide variety of industrial and consumer products ranging from devices that detect flames or analyse gases through to spectrometers which analyse foodstuffs, engine oils and blood, through to switches and other electronics that detect gestures and presence. The company was spun out from German multinational Siemens in 2007 following €10m (£7.5m) of research and development work and is based at the Scottish Microelectronics Centre on the University of Edinburgh’s Kings Buildings campus. Investors are Siemens Technology Accelerator (STA), Robert Bosch Venture Capital GmbH (RBVC), Scottish Investment Bank (the investment arm of Scottish Enterprise), Strathtay Ventures (a subsidiary of Braveheart) and Seraphim Capital.
Company Growth (employees)
Type
Private
HQ
Edinburgh, GB
Size (employees)
21 (est)-4%
Website
pyreos.com
Pyreos is headquartered in Edinburgh, GB

Key People at Pyreos

Ann Simon

Ann Simon

CFO
Howard Ford

Howard Ford

Chairman

Pyreos Office Locations

Pyreos has an office in Edinburgh
Edinburgh, GB (HQ)
W Mains Rd Caretakers House

Pyreos Data and Metrics

Pyreos Financial Metrics

Pyreos's revenue was reported to be £537.3 k in FY, 2016 which is a 25% increase from the previous period.
GBP

Revenue (FY, 2016)

537.3 k

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

25%

Gross profit (FY, 2016)

354.8 k

Gross profit margin (FY, 2016), %

66%

Net income (FY, 2016)

(3.2 m)

Cash (31-Dec-2016)

227.1 k
GBPFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

736.4 k544.5 k429.8 k537.3 k

Revenue growth, %

(26%)(21%)25%

Cost of goods sold

381.6 k267 k327.8 k182.5 k

Gross profit

354.9 k277.5 k102 k354.8 k

Gross profit Margin, %

48%51%24%66%

Operating expense total

3.4 m4.3 m3.8 m3.4 m

Pre tax profit

(4.1 m)(4.1 m)(3.2 m)

Net Income

(4.1 m)(2.7 m)(3.2 m)
GBPFY, 2014FY, 2015FY, 2016

Cash

1 m955.7 k227.1 k

Accounts Receivable

204.9 k44.2 k53.7 k

Current Assets

1.9 m1.7 m655.3 k

PP&E

275.2 k150.1 k97.8 k

Goodwill

62 k331 k312 k

Total Assets

2.2 m2.2 m1.1 m

Accounts Payable

333.5 k225 k322.3 k

Current Liabilities

858.4 k675.9 k873.1 k

Total Liabilities

3.8 m6.5 m873.1 k

Retained Earnings

(4.1 m)(2.7 m)(3.2 m)

Total Equity

(1.6 m)(4.3 m)192 k

Financial Leverage

-1.4 x-0.5 x5.5 x
GBPFY, 2014FY, 2015FY, 2016

Cash From Operating Activities

(3.6 m)(3.2 m)(2.9 m)

Cash From Financing Activities

2.8 m2.5 m1.8 m

Income Taxes Paid

1.3 m(19.9 k)
GBPY, 2016

Revenue/Employee

22.1 k

Financial Leverage

5.5 x

Pyreos Online and Social Media Presence

Pyreos Company Life and Culture

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