Sevcon, Inc. designs and sells motor controllers under the Sevcon name in the United States, the United Kingdom, France, South Korea, Japan, and China. It operates in three segments: Electronic Controls, Capacitors, and Battery Chargers. The Electronic Controls segment produces and sells microprocessor based control systems for use in on and off-road vehicles, including cars, trucks, buses, motorcycles, fork lift trucks, aerial lifts, mining vehicles, airport tractors, sweepers, and other electrically powered vehicles. The Capacitor segment produces and sells special metalized film capacitors to electronic equipment manufacturers for use as components in the power electronics, signaling, and audio equipment markets. The Battery Chargers segment designs, manufactures, and sells battery chargers to electric vehicles, power management, and uninterrupted power source systems for industrial, medical, and telecom applications, as well as electronic instrumentation for battery laboratories.

Sevcon was founded in 1961 and is headquartered in Tyne and Wear, GB

Sevcon has offices in Tyne and Wear, Cergy, Bissingen an der Teck, Saku-shi and in 4 other locations

Tyne And Wear, GB (HQ)

Kingsway S

Santa Maria In Fabriago, IT

3 Via Martiri Di Fabriago

Southborough, US

155 Northboro Rd

Bissingen An Der Teck, DE

32 Hintere Str.

Cergy, FR

Rue De Pontoise

Sevcon's revenue was reported to be $15.7 m in Q2, 2017

USD

## Revenue (Q2, 2017) | 15.7 m |

## Gross profit (Q2, 2017) | 27.6 m |

## Gross profit margin (Q2, 2017), % | 176% |

## Net income (Q2, 2017) | (4.7 m) |

## EBIT (Q2, 2017) | (2.3 m) |

## Market capitalization (24-Jul-2017) | 116.8 m |

## Closing share price (24-Jul-2017) | 21.8 |

## Cash (01-Apr-2017) | 5.7 m |

Sevcon's current market capitalization is $116.8 m.

GBP | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Revenue | 14.9 m | 18 m | 20.4 m | 49.8 m |

## Revenue growth, % | 21% | 13% | 145% | |

## Cost of goods sold | 10.6 m | 12.2 m | 12.9 m | (33.7 m) |

## Gross profit | 4.3 m | 5.8 m | 7.5 m | 83.5 m |

## Gross profit Margin, % | 29% | 32% | 37% | 168% |

## R&D expense | (5.9 m) | |||

## General and administrative expense | (14 m) | |||

## Operating expense total | 5.1 m | 4.7 m | 6.5 m | (19.9 m) |

## EBIT | (5.3 m) | |||

## EBIT margin, % | (11%) | |||

## Interest expense | (423 k) | |||

## Interest income | 16 k | |||

## Pre tax profit | (866.7 k) | 1.1 m | 952.8 k | (5.9 m) |

## Income tax expense | 1 k | |||

## Net Income | (356.7 k) | 1.1 m | 983.6 k | (5.9 m) |

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

## Revenue | 9.7 m | 10.3 m | 9.1 m | 13.2 m | 13.9 m | 15.7 m | ||

## Cost of goods sold | (6.1 m) | (6.2 m) | (5 m) | (9.1 m) | (9.2 m) | (11.9 m) | ||

## Gross profit | 15.7 m | 16.5 m | 14.1 m | 22.2 m | 23.1 m | 27.6 m | ||

## Gross profit Margin, % | 163% | 160% | 155% | 169% | 166% | 176% | ||

## R&D expense | (1.4 m) | (860 k) | (1.3 m) | (1.2 m) | (1.8 m) | |||

## General and administrative expense | (2.6 m) | (2.8 m) | (3.3 m) | (4.5 m) | (4.3 m) | |||

## Operating expense total | (3.9 m) | (5.2 m) | (4.7 m) | (5.7 m) | (6.1 m) | |||

## EBIT | 213 k | 261 k | 180 k | (1.7 m) | (931 k) | (2.3 m) | ||

## EBIT margin, % | 2% | 3% | 2% | (13%) | (7%) | (15%) | ||

## Interest expense | (18 k) | (14 k) | (22 k) | (109 k) | (140 k) | (142 k) | ||

## Interest income | 4 k | 8 k | 4 k | 4 k | ||||

## Pre tax profit | 188 k | 362 k | 95 k | (1.7 m) | (1.6 m) | (2.6 m) | ||

## Income tax expense | 34 k | (83 k) | (11 k) | 90 k | 60 k | 368 k | ||

## Net Income | 872 k | 265 k | 906 k | 1.2 m | 84 k | (1.5 m) | (3 m) | (4.7 m) |

GBP | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 797.1 k | 112.9 k | 311.1 k | 14.1 m |

## Accounts Receivable | 1.6 m | 1.3 m | 2.2 m | 694 k |

## Inventories | 5.7 m | 6.3 m | 6.8 m | 13.7 m |

## Current Assets | 6.7 m | 6.7 m | 9.1 m | 43.6 m |

## PP&E | 2.1 m | 2.1 m | 2.5 m | |

## Goodwill | 61.9 k | 109.7 k | 7.8 m | |

## Total Assets | 8.8 m | 8.9 m | 11.7 m | 69 m |

## Accounts Payable | 2.1 m | 1.7 m | 3.4 m | 10.6 m |

## Dividends Payable | 200 k | 216 k | ||

## Total Debt | 1.8 m | 1.7 m | 500 k | |

## Current Liabilities | 3.2 m | 2.4 m | 4.5 m | 16.1 m |

## Total Liabilities | 7.2 m | 7.1 m | 10 m | 47.2 m |

## Retained Earnings | (356.7 k) | 1.1 m | 983.6 k | 4.3 m |

## Total Equity | 1.6 m | 1.8 m | 1.8 m | 21.8 m |

## Debt to Equity Ratio | 1.1 x | 1 x | 0.3 x | |

## Debt to Assets Ratio | 0.2 x | 0.2 x | 0 x | |

## Financial Leverage | 5.6 x | 4.9 x | 6.7 x | 3.2 x |

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

## Cash | 8.5 m | 6.8 m | 6.7 m | 4.3 m | 5.7 m |

## Accounts Receivable | 564 k | 819 k | 1.1 m | 1.2 m | 1.1 m |

## Inventories | 6.6 m | 8.2 m | 13.3 m | 14.1 m | 16.4 m |

## Current Assets | 26 m | 26.2 m | 34.6 m | 34.1 m | 40.1 m |

## PP&E | 3.9 m | ||||

## Goodwill | 1.4 m | 1.4 m | 8.8 m | 8.6 m | 7.7 m |

## Total Assets | 33.9 m | 34.6 m | 62.5 m | 60.2 m | 65.8 m |

## Accounts Payable | 5.1 m | 5 m | 7.8 m | 8.7 m | 11.8 m |

## Dividends Payable | 217 k | 207 k | |||

## Current Liabilities | 7.1 m | 7.9 m | 12 m | 13.5 m | 17.8 m |

## Retained Earnings | 10.4 m | 10.7 m | 8.9 m | 7.5 m | (474 k) |

## Total Equity | 17.6 m | 16 m | 19 m | 17.6 m | 18.5 m |

## Financial Leverage | 1.9 x | 2.2 x | 3.3 x | 3.4 x | 3.5 x |

GBP | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | (1.1 m) | 731 k | 1.5 m | (5.9 m) |

## Depreciation and Amortization | 601 k | 608 k | 637 k | 1.8 m |

## Accounts Receivable | 197 k | (190 k) | 25 k | |

## Inventories | 637 k | (544 k) | (841 k) | (3.3 m) |

## Accounts Payable | 642 k | 506 k | 2 m | 1.5 m |

## Cash From Operating Activities | (6.2 m) | |||

## Purchases of PP&E | (435 k) | (744 k) | (1.3 m) | (1.4 m) |

## Cash From Investing Activities | (431 k) | (423 k) | (1.3 m) | (10.7 m) |

## Dividends Paid | (263 k) | (434 k) | ||

## Interest Paid | 101 k | 136 k | 76 k | 422 k |

## Income Taxes Paid | 510 k | (14.8 k) | 30.7 k | 245 k |

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

## Net Income | 872 k | 265 k | 906 k | 1.2 m | 84 k | (1.5 m) | (3 m) | (4.7 m) |

## Depreciation and Amortization | 456 k | 157 k | 311 k | 470 k | 169 k | 650 k | 1.3 m | 946 k |

## Accounts Receivable | (494 k) | (82 k) | (42 k) | (285 k) | (279 k) | 86 k | (90 k) | (210 k) |

## Inventories | (460 k) | (242 k) | (553 k) | (517 k) | (1.5 m) | (2.3 m) | (4.1 m) | (3.2 m) |

## Accounts Payable | 566 k | (680 k) | 250 k | 836 k | (1.1 m) | (1.8 m) | (424 k) | 1.6 m |

## Cash From Operating Activities | (533 k) | (1.2 m) | (8.1 m) | |||||

## Purchases of PP&E | (559 k) | (293 k) | (592 k) | (1.1 m) | (323 k) | (784 k) | (1 m) | (653 k) |

## Cash From Investing Activities | (237 k) | (293 k) | (592 k) | (1.1 m) | (323 k) | (10 m) | (10.3 m) | (653 k) |

## Long-term Borrowings | (500 k) | |||||||

## Dividends Paid | (42 k) | (42 k) | (263 k) | (217 k) | (217 k) | (434 k) | (215 k) | |

## Cash From Financing Activities | (98 k) | (1.8 m) | (1.9 m) | (1.6 m) | ||||

## Interest Paid | 53 k | 26 k | 40 k | 54 k | 21 k | 131 k | 245 k | 253 k |

## Income Taxes Paid | 12 k | 50 k | 86 k | 86 k | 31 k | 204 k | 197 k | 174 k |

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

## Financial Leverage | 3.5 x |