Sovex Revenue

Sovex revenue was £8.41 m in FY, 2018

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Summary - Funding Rounds

Total Funding

$750 k

Investors

In total, Sovex had raised $750 k. Sovex is a subsidiary of Honeywell

Sovex Income Statement

Annual

GBPFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

5.8m8.6m13.1m20.4m23.4m20.9m16.1m10.8m8.4m

Revenue growth, %

15%(11%)

Cost of goods sold

4.3m6.0m9.4m15.7m16.3m17.2m14.2m12.6m8.0m

Gross profit

1.6m2.6m3.8m4.7m7.1m3.7m1.9m(1.8m)425.8k

Gross profit Margin, %

27%31%29%23%30%18%12%(17%)5%

Operating expense total

1.8m2.3m3.0m3.9m5.0m5.2m6.6m12.4k(4.4m)

EBITDA

(154.3k)1.2m2.6m(1.3m)(4.5m)(1.1m)4.9m

EBITDA margin, %

(3%)6%11%(6%)(28%)(10%)58%

EBIT

(256.0k)383.6k716.9k824.2k2.0m(1.5m)(4.7m)(1.8m)4.8m

EBIT margin, %

(4%)4%5%4%9%(7%)(29%)(17%)57%

Pre tax profit

(408.6k)234.4k556.7k649.3k1.8m(2.0m)(5.4m)(1.8m)4.8m

Income tax expense

77.5k64.0k(107.0k)(154.3k)(85.9k)18.7k

Net Income

(331.1k)298.4k449.8k495.1k1.7m(2.0m)(5.4m)(1.8m)4.8m

Sovex Balance Sheet

Annual

GBPFY, 2003FY, 2004FY, 2005FY, 2006FY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

21.5k29.4k11.1k66.9k25.3k164.5k14.2k16.1k68.3k39.9k1.8m284.9k44.8k63.7k474.3k456.6k

Accounts Receivable

484.9k1.1m1.3m1.7m708.4k2.1m2.2m5.1m7.4m3.7m3.7m1.7m489.4k

Inventories

77.1k108.6k164.6k207.8k655.3k1.0m851.0k631.3k707.7k702.4k1.3m1.6m709.7k713.3k224.2k12.7k

Current Assets

234.7k302.4k421.1k759.7k1.8m2.4m2.6m1.5m3.2m3.2m8.7m9.7m5.6m7.5m5.3m3.1m

PP&E

13.3k21.0k35.9k49.6k168.6k266.8k231.3k199.2k240.1k346.8k537.7k745.9k203.2k205.5k184.1k77.9k

Goodwill

1.6m1.9m332.3k

Total Assets

253.7k328.8k462.1k815.3k1.9m2.7m3.3m2.5m4.3m4.4m10.9m12.3m6.3m12.1m5.7m3.4m

Accounts Payable

511.4k1.5m1.8m2.6m983.8k1.6m1.7m3.6m4.5m3.0m2.6m1.5m23.8k

Current Liabilities

104.2k170.3k312.3k537.6k1.5m2.1m2.9m2.3m3.8m3.6m9.4m9.2m9.3m20.7m16.3m9.3m

Non-Current Liabilities

80.7k68.5k64.0k200.0k352.6k642.5k445.7k443.8k396.8k141.3k876.6k714.3k652.7k513.0k371.1k225.8k

Total Debt

26.2k53.7k61.7k40.7k41.4k6.5k

Total Liabilities

184.8k238.8k376.4k737.6k1.9m2.7m3.3m2.8m4.2m3.8m10.3m9.9m10.0m21.2m16.6m9.5m

Common Stock

50.0k65.0k65.0k65.0k65.0k104.0k104.0k116.2k116.2k116.2k98.2k100.8k117.1k117.1k117.1k117.1k

Retained Earnings

385.6k2.1m(4.3m)(9.7m)(11.5m)(6.7m)

Total Equity

68.9k90.0k85.7k77.7k72.4k8.7k(23.0k)(249.8k)63.4k569.8k584.7k2.4m(3.7m)(9.1m)(10.9m)(6.1m)

Debt to Equity Ratio

0.3 x6.2 x-2.7 x-0.2 x0.7 x0 x

Debt to Assets Ratio

0 x0 x0 x0 x0 x0 x

Financial Leverage

3.7 x3.7 x5.4 x10.5 x26.7 x310.9 x-144.2 x-10.1 x67.2 x7.6 x18.6 x5.2 x-1.7 x-1.3 x-0.5 x-0.6 x

Sovex Cash Flow

Annual

GBPFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(331.1k)298.4k449.8k495.1k1.7m(2.0m)(5.4m)(1.8m)4.8m

Cash From Operating Activities

604.8k635.9k2.8m2.2k

Cash From Financing Activities

(200.6k)(250.3k)388.7k(300.0k)

Net Change in Cash

52.2k(28.4k)1.8m(1.6m)

Income Taxes Paid

(154.3k)(85.9k)18.7k

Sovex Ratios

GBPFY, 2003

Financial Leverage

3.7 x