Qualstar was founded in 1984 and is headquartered in Westlake Village, US

Qualstar has offices in Westlake Village and Simi Valley

Westlake Village, US (HQ)

120 31248 Oak Crest Dr

Simi Valley, US

c 130 W Cochran St

Qualstar's revenue was reported to be $2.4 m in Q1, 2017

USD

## Revenue (Q1, 2017) | 2.4 m |

## Gross profit (Q1, 2017) | 890 k |

## Gross profit margin (Q1, 2017), % | 36% |

## Net income (Q1, 2017) | 58 k |

## EBIT (Q1, 2017) | 58 k |

## Market capitalization (17-Aug-2017) | 16.2 m |

## Cash (31-Mar-2017) | 3.7 m |

Qualstar's current market capitalization is $16.2 m.

- Source: SEC Filings

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

## Revenue | 10.9 m | 12.9 m | 9.4 m |

## Revenue growth, % | 18% | (27%) | |

## Cost of goods sold | 8.4 m | 8.5 m | 3.9 m |

## Gross profit | 2.6 m | 4.4 m | 5.5 m |

## Gross profit Margin, % | 24% | 34% | 59% |

## Sales and marketing expense | 957 k | ||

## General and administrative expense | 1.3 m | ||

## Operating expense total | 8.2 m | 5.7 m | 2.9 m |

## EBIT | (5.6 m) | (1.3 m) | (1.9 m) |

## EBIT margin, % | (52%) | (10%) | (20%) |

## Pre tax profit | (5.6 m) | (1.3 m) | (1.9 m) |

## Income tax expense | 20 k | ||

## Net Income | (5.6 m) | (1.3 m) | (1.9 m) |

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

## Revenue | 3.3 m | 3.5 m | 2.8 m | 2.3 b | 2.2 b | 2.4 b | 2.7 b | 2.4 m |

## Cost of goods sold | 2.1 m | 2.4 m | 1.9 m | 2.4 b | 1.5 b | 1.6 b | 1.9 b | 1.5 m |

## Gross profit | 1.2 m | 1.1 m | 917 k | (35 m) | 649 m | 774 m | 761 m | 890 k |

## Gross profit Margin, % | 37% | 31% | 33% | (2%) | 30% | 33% | 29% | 36% |

## Sales and marketing expense | 505 k | 591 k | 452 k | 413 m | 300 m | 357 m | 276 m | 247 k |

## General and administrative expense | 684 k | 684 k | 608 k | 668 m | 369 m | 519 m | 306 m | 399 k |

## Operating expense total | 1.2 m | 1.3 m | 1.1 m | 1.1 b | 669 m | 876 m | 582 m | 646 k |

## EBIT | (322 k) | (256 k) | (457 k) | (1.5 b) | (415 m) | (325 m) | (53 m) | 58 k |

## EBIT margin, % | (10%) | (7%) | (16%) | (63%) | (19%) | (14%) | (2%) | 2% |

## Pre tax profit | (322 k) | (245 k) | (487 k) | (1.5 b) | (414 m) | (336 m) | (53 m) | 58 k |

## Net Income | (322 k) | (245 k) | (487 k) | (1.5 b) | (414 m) | (336 m) | (53 m) | 58 k |

- Source: SEC Filings

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

## Cash | 4.7 m | 3.7 m |

## Accounts Receivable | 1.6 m | 1.6 m |

## Inventories | 140 k | 1.4 m |

## Current Assets | 10.1 m | 6.9 m |

## PP&E | 538 k | 286 k |

## Total Assets | 10.7 m | 7.3 m |

## Accounts Payable | 913 k | 888 k |

## Current Liabilities | 2.5 m | 2.3 m |

## Total Liabilities | 2.4 m | |

## Retained Earnings | (11.1 m) | (14.2 m) |

## Total Equity | 7.9 m | 4.8 m |

## Financial Leverage | 1.4 x | 1.5 x |

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

## Cash | 6.3 m | 5.2 m | 5.5 m | 4.7 m | 3.7 m | 3.5 m | 3.7 m | 3.7 m |

## Inventories | 3 m | 3.1 m | 2.9 m | 2.3 m | 2.2 m | 1.9 m | 1.6 m | 1.1 m |

## Current Assets | 12 m | 11.3 m | 10.4 m | 8.7 m | 7.5 m | 7.2 m | 7.1 m | 7.1 m |

## PP&E | 653 k | 628 k | 597 k | 493 k | 426 k | 365 k | 321 k | 244 k |

## Total Assets | 12.7 m | 12 m | 11.1 m | 9.2 m | 8 m | 7.6 m | 7.5 m | 7.4 m |

## Accounts Payable | 1.2 m | 1.3 m | 977 k | 757 k | 656 k | 646 k | 705 k | 953 k |

## Current Liabilities | 3.7 m | 3.2 m | 2.7 m | 2.5 m | 2.2 m | 2.1 m | 2.1 m | 2.4 m |

## Retained Earnings | (10.1 m) | (10.4 m) | (10.9 m) | (12.6 m) | (13.4 m) | (13.8 m) | (13.8 m) | (14.2 m) |

## Total Equity | 6.5 m | 5.6 m | 5.3 m | 5.2 m | 4.9 m | |||

## Financial Leverage | 1.4 x | 1.4 x | 1.4 x | 1.4 x | 1.5 x |

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

## Net Income | (1.3 m) | (1.9 m) |

## Depreciation and Amortization | 220 k | 101 k |

## Accounts Receivable | (831 k) | 607 k |

## Inventories | 572 k | (123 k) |

## Accounts Payable | (39 k) | (157 k) |

## Cash From Operating Activities | (2.4 m) | (725 k) |

## Purchases of PP&E | (151 k) | (45 k) |

## Cash From Investing Activities | 1.6 m | (8 k) |

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

## Net Income | (322 k) | (245 k) | (487 k) | (1.5 b) | (414 m) | (336 m) | (53 m) | 58 k |

## Inventories | 3 m | 3.1 m | 2.9 m | 2.3 m | ||||

## Accounts Payable | 1.2 m | 1.3 m | 977 k | 757 k | 656 k | 646 k | 705 k | 953 k |

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

## Revenue/Employee | 56.7 k |

## Financial Leverage | 1.5 x |