Span America

Span-America Medical Systems, Inc. manufactures and distributes therapeutic support surfaces and related products. The Company operates in two business segments: medical and custom products. The Company utilizes polyurethane and other foam products for manufacturing the products and distributing in the medical, consumer and industrial markets. The Company’s medical products consist of polyurethane foam mattress overlays, therapeutic support surfaces, patient positioners, medical beds, tables and related in-room furnishings, as well as seating, Selan skin care and fall protection products. The Company’s custom products segment includes consumer bedding products and engineered industrial products. The Company’s industrial product line consists of specially engineered foam products used in a variety of markets, including the automotive, packaging, durable goods, electronics and water sports equipment industries.
Type
Public
HQ
Greenville, US
Size (employees)
238 (est)-8%
Span America is headquartered in Greenville, US

Span America Office Locations

Span America has an office in Greenville
Greenville, US (HQ)
70 Commerce Center

Span America Data and Metrics

Span America Financial Metrics

Span America's revenue was reported to be $15.2 m in Q2, 2017
USD

Revenue (Q2, 2017)

15.2 m

Gross profit (Q2, 2017)

5.9 m

Gross profit margin (Q2, 2017), %

38%

Net income (Q2, 2017)

2.7 m

EBIT (Q2, 2017)

1.4 m

Market capitalization (16-Jun-2017)

82.9 m

Closing share price (16-Jun-2017)

29

Cash (01-Apr-2017)

7.3 m
Span America's current market capitalization is $82.9 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

73.8 m55.9 m64.3 m67.6 m

Revenue growth, %

(24%)15%5%

Cost of goods sold

50.3 m37.1 m42.7 m45.3 m

Gross profit

23.6 m18.8 m21.6 m22.3 m

Gross profit Margin, %

32%34%34%33%

EBIT

7.3 m3.6 m5.3 m6.1 m

EBIT margin, %

10%6%8%9%

Pre tax profit

7.3 m3.6 m5.7 m6.1 m

Net Income

5.1 m2.6 m4 m4.2 m
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q2, 2016Q3, 2016Q1, 2016Q2, 2017

Revenue

13.3 m15.7 m15 m15.8 m14.9 m15.3 m15.2 m15.2 m

Cost of goods sold

8.9 m10.3 m10.1 m10.4 m9.7 m9.7 m9.7 m9.4 m

Gross profit

4.3 m5.4 m5 m5.4 m5.2 m5.7 m5.6 m5.9 m

Gross profit Margin, %

33%35%33%34%35%37%37%38%

R&D expense

256.6 k279.7 k316.3 k281.8 k275.2 k276.6 k255.8 k282.6 k

General and administrative expense

990.7 k1.1 m1.1 m1.1 m1.1 m1.2 m1.3 m1.4 m

Operating expense total

1.2 m1.3 m1.4 m1.4 m1.4 m1.5 m1.4 m1.7 m

EBIT

563 k1.3 m924.8 k1.3 m1.2 m1.5 m1.4 m1.4 m

EBIT margin, %

4%9%6%8%8%10%9%9%

Interest expense

(3.2 k)(3.2 k)(3.1 k)(3.2 k)(60)(5.1 k)

Pre tax profit

576.1 k1.4 m1.1 m1.4 m1.1 m1.4 m1.4 m2.1 m

Income tax expense

198 k440 k323 k420 k349 k484 k462 k427 k

Net Income

1.9 m970.3 k1.7 m2.7 m1.9 m2.8 m962.9 k2.7 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

5.4 m6.9 m1.2 m3.8 m

Accounts Receivable

7.8 m5.9 m7.8 m4.5 m

Inventories

6.4 m7.4 m8.7 m7.4 m

Current Assets

20.7 m21.1 m18.5 m20.6 m

PP&E

5.1 m4.9 m4.5 m4.1 m

Goodwill

4.3 m4.3 m3.9 m3.9 m

Accounts Payable

2.7 m2.5 m4 m2.4 m

Current Liabilities

5.5 m4.5 m7.2 m6 m

Non-Current Liabilities

729.1 k618.1 k724.4 k556.1 k

Total Liabilities

6.3 m5.1 m7.9 m6.5 m

Additional Paid-in Capital

872.5 k906.8 k6 k

Retained Earnings

26.8 m27.7 m26.8 m29.1 m

Total Equity

30.1 m30.7 m24.3 m27 m
USDQ3, 2015Q2, 2016Q3, 2016Q1, 2016Q2, 2017

Cash

6.2 m1.7 m3.2 m4.3 m7.3 m

Current Assets

21.2 m17.5 m18.6 m20.2 m23.6 m

Goodwill

4.1 m4 m4 m3.9 m3.9 m

Total Assets

33.2 m33.9 m

Accounts Payable

3 m2.4 m2.3 m2 m2.5 m

Current Liabilities

5.8 m4.6 m5 m5.3 m4.9 m

Non-Current Liabilities

767.4 k682.5 k661.3 k531.4 k294 k

Additional Paid-in Capital

926.8 k6 k6 k

Retained Earnings

26.1 m27.7 m28.2 m29.7 m30.9 m

Total Equity

28.6 m25.4 m26 m27.3 m28.7 m

Financial Leverage

1.2 x1.2 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

5.1 m2.6 m4 m4.2 m

Depreciation and Amortization

775.8 k864.4 k865 k854.9 k

Accounts Receivable

295.6 k1.7 m(2.3 m)(247.1 k)

Inventories

2.9 m(1.1 m)(1.7 m)1.3 m

Accounts Payable

(1.1 m)(927.4 k)2.8 m(1.2 m)

Cash From Operating Activities

8.2 m3.7 m4.3 m4.8 m

Purchases of PP&E

(557.9 k)(670.8 k)(654.9 k)(439.7 k)

Cash From Investing Activities

(660.6 k)(750.5 k)(689.4 k)(538.8 k)

Long-term Borrowings

(9.3 m)(2.9 m)

Dividends Paid

(4.4 m)(1.7 m)(4.8 m)(1.8 m)

Cash From Financing Activities

(4.7 m)(1.4 m)(9 m)(1.8 m)
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q2, 2016Q3, 2016Q1, 2016Q2, 2017

Net Income

1.9 m970.3 k1.7 m2.7 m1.9 m2.8 m962.9 k2.7 m

Depreciation and Amortization

967.1 k306.8 k606.1 k917.5 k586.4 k902 k260.3 k524.8 k

Accounts Receivable

1.8 m(1.3 m)(2.3 m)(1.9 m)1.3 m1.9 m729.4 k600.1 k

Inventories

(293.5 k)1.1 m1.4 m547 k1 m690.7 k209.8 k32.2 k

Accounts Payable

(1 m)112.2 k763 k(2.6 m)(1.3 m)

Cash From Operating Activities

3.1 m975.1 k1.8 m4 m1.9 m4 m1.3 m1.5 m

Purchases of PP&E

(528.7 k)(95.6 k)(140.6 k)(505.1 k)(275.4 k)(391.6 k)(317.5 k)

Cash From Investing Activities

(597.2 k)(132.8 k)(146 k)(523.3 k)(332.5 k)(463.1 k)(261.6 k)3 m

Long-term Borrowings

(2.9 m)(1.9 m)

Dividends Paid

(1.2 m)(444.3 k)(3.9 m)(4.3 m)(873.6 k)(1.3 m)(440.9 k)(881.8 k)

Cash From Financing Activities

(965.3 k)(444.3 k)(3.7 m)(4.1 m)(1.1 m)(1.5 m)(440.9 k)(881.8 k)
Y, 2017

Financial Leverage

1.2 x

Span America Operating Metrics

FY, 2016

Trademarks (foreign)

19

Trademarks (US)

39

Trademarks Pending

11

Span America Market Value History

Span America Revenue Breakdown

Traffic Overview of Span America

Span America Online and Social Media Presence

Span America News and Updates

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Span America Company Life and Culture

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