Sparton stock price, funding rounds, valuation and financials

Sparton annual revenue was $374.99 m in FY 2018

$105.2 M

Sparton Revenue Q2, 2019

Sparton Gross profit (Q2, 2019)23.1 M

Sparton Gross profit margin (Q2, 2019), %21.9%

Sparton Net income (Q2, 2019)1.9 M

Sparton EBIT (Q2, 2019)5.3 M

Sparton Cash, 30-Dec-20181.4 M

Sparton revenue was $374.99 m in FY, 2018 which is a 5.7% year over year decrease from the previous period.

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Founding Date	1900

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Sparton revenue breakdown by business segment: 39.0% from Engineered Components and Products and 61.0% from Manufacturing and Design Services

USD	FY, 2016	FY, 2017	FY, 2018
Revenue	419.4m	397.6m	375.0m
Revenue growth, %	10%	(5%)	(6%)
Cost of goods sold	339.2m	325.7m	295.6m
Gross profit	80.1m	71.9m	79.4m
Gross profit Margin, %	19%	18%	21%
R&D expense	2.3m	1.7m	2.7m
General and administrative expense	55.2m	54.1m	58.1m
Operating expense total	131.9m	64.3m	69.9m
Depreciation and amortization	9.6m	8.5m	7.3m
EBIT	(51.8m)	7.6m	9.5m
EBIT margin, %	(12%)	2%	3%
Interest expense	3.8m	4.4m	6.4m
Pre tax profit	(55.5m)	3.2m	3.2m
Income tax expense	(17.2m)	1.9m	11.4m
Net Income	(38.3m)	1.3m	(8.3m)
EPS	(3.9)	0.1	(0.8)

USD	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018	Q2, 2018	Q3, 2018	Q1, 2019	Q2, 2019
Revenue	100.4m	97.4m	95.4m	82.8m	97.8m	93.9m	89.5m	105.2m
Cost of goods sold	83.1m	81.5m	78.5m	68.2m	77.4m	76.3m	71.8m	82.2m
Gross profit	17.3m	15.9m	16.9m	14.6m	20.4m	17.7m	17.6m	23.1m
Gross profit Margin, %	17%	16%	18%	18%	21%	19%	20%	22%
R&D expense	351.0k	533.0k	424.0k	572.0k	669.0k	307.0k	1.3m	1.4m
General and administrative expense	13.4m	13.0m	12.9m	15.2m	14.1m	13.3m	12.4m	14.7m
Operating expense total	16.0m	15.7m	15.4m	17.7m	16.6m	15.4m	15.4m	17.8m
Depreciation and amortization	2.2m	2.2m	2.1m	1.9m	1.9m	1.8m	1.7m	1.6m
EBIT	1.3m	221.0k	1.5m	(3.1m)	3.8m	2.3m	2.3m	5.3m
EBIT margin, %	1%	0%	2%	(4%)	4%	2%	3%	5%
Interest expense	1.2m	1.1m	1.1m	1.3m	1.5m	1.5m	1.9m	1.8m
Pre tax profit	167.0k	(857.0k)	475.0k	(4.4m)	2.3m	854.0k	287.0k	3.4m
Income tax expense	59.0k	50.0k	46.0k	(1.5m)	11.3m	239.0k	75.0k	1.5m
Net Income	108.0k	(907.0k)	429.0k	(2.9m)	(9.0m)	615.0k	212.0k	1.9m
EPS	0.0	(0.1)	0.0	(0.3)	(0.9)	0.1	0.0	0.2

USD	FY, 2016	FY, 2017	FY, 2018
Cash	132.0k	988.0k	1.2m
Accounts Receivable	46.8m	45.3m	60.5m
Prepaid Expenses	5.8m	3.9m	3.9m
Inventories	77.9m	60.2m	72.4m
Current Assets	130.6m	110.4m	142.5m
PP&E	33.3m	34.5m	32.8m
Goodwill	12.7m	12.7m	12.7m
Total Assets	246.0m	217.1m	232.0m
Accounts Payable	38.3m	27.7m	28.6m
Short-term debt	217.0k	269.0k	163.0k
Current Liabilities	62.4m	54.3m	67.1m
Long-term debt	97.5m	74.7m	84.5m
Total Debt	97.8m	74.9m	84.7m
Total Liabilities	167.4m	135.3m	158.4m
Common Stock	12.3m	12.3m	12.3m
Additional Paid-in Capital	16.4m	17.9m	17.6m
Retained Earnings	51.7m	53.0m	44.7m
Total Equity	78.6m	81.9m	73.6m
Debt to Equity Ratio	1.2 x	0.9 x	1.2 x
Debt to Assets Ratio	0.4 x	0.3 x	0.4 x
Financial Leverage	3.1 x	2.7 x	3.2 x

USD	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018	Q2, 2018	Q3, 2018	Q1, 2019	Q2, 2019
Cash	718.0k	589.0k	1.0m	319.0k	1.1m	792.0k	1.2m	1.4m
Accounts Receivable	48.2m	47.4m	48.1m	53.9m	54.5k	65.7m	46.0m	47.3m
Prepaid Expenses	5.9m	5.6m	4.9m	4.4m	4.2m	3.6m	6.8m	8.1m
Inventories	67.8m	59.9m	65.0m	68.6m	62.8m	65.4m	91.2m	86.3m
Current Assets	122.6m	113.5m	119.0m	127.3m	122.5m	135.6m	149.7m	143.1m
PP&E	32.9m	32.9m	33.8m	33.4m	34.5m	33.8m	32.0m	32.0m
Goodwill	12.7m	12.7m	12.7m	12.7m	12.7m	12.7m	12.7m	12.7m
Total Assets	234.8m	223.2m	227.5m	230.4m	214.2m	224.6m	236.5m	224.7m
Accounts Payable	34.7m	29.8m	35.4m	30.3m	38.2m	28.4m	39.4m	45.7m
Short-term debt	267.0k	267.0k	268.0k	269.0k	269.0k	218.0k	100.0k	32.0k
Current Liabilities	52.5m	51.1m	53.6m	47.3m	59.0m	51.0m	84.6m	144.0m
Long-term debt	96.1m	86.0m	87.9m	97.7m	78.9m	96.8m	73.0m
Total Debt	96.4m	86.3m	88.1m	98.0m	79.2m	97.0m	73.1m	32.0k
Total Liabilities	155.7m	144.0m	148.3m	151.2m	144.0m	153.7m	163.0m	149.2m
Common Stock	12.3m	12.3m	12.3m	12.3m	12.3m	12.3m	12.3m	12.3m
Additional Paid-in Capital	16.8m	17.7m	17.2m	18.1m	18.1m	18.1m	17.6m	17.6m
Retained Earnings	51.8m	50.9m	51.3m	50.1m	41.1m	41.7m	44.6m	46.5m
Total Equity	79.1m	79.2m	79.2m	79.3m	70.3m	70.9m	73.5m	75.5m
Debt to Equity Ratio	1.2 x	1.1 x	1.1 x	1.2 x	1.1 x	1.4 x	1 x	0 x
Debt to Assets Ratio	0.4 x	0.4 x	0.4 x	0.4 x	0.4 x	0.4 x	0.3 x	0 x
Financial Leverage	3 x	2.8 x	2.9 x	2.9 x	3 x	3.2 x	3.2 x	3 x

USD	FY, 2016	FY, 2017	FY, 2018
Net Income	(38.3m)	1.3m	(8.3m)
Depreciation and Amortization	15.7m	14.4m	13.2m
Accounts Receivable	23.8m	1.4m	(15.1m)
Inventories	(3.4m)	17.6m	(12.2m)
Accounts Payable	8.0m	(10.3m)	8.5m
Cash From Operating Activities	48.1m	31.5m	(4.1m)
Purchases of PP&E	(6.1m)	(6.9m)	(4.2m)
Cash From Investing Activities	(4.8m)	(6.9m)	(4.2m)
Long-term Borrowings	(186.1m)	(153.8m)	(181.8m)
Cash From Financing Activities	(58.1m)	(23.7m)	8.5m
Net Change in Cash	(14.8m)	856.0k	172.0k
Interest Paid	3.5m	3.8m	4.9m
Income Taxes Paid	766.0k	1.1m	392.0k

USD	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018	Q2, 2018	Q3, 2018	Q1, 2019	Q2, 2019
Net Income	108.0k	(799.0k)	(370.0k)	(2.9m)	(11.9m)	(11.3m)	212.0k	2.1m
Depreciation and Amortization	3.7m	7.4m	11.0m	3.5m	6.8m	10.0m	3.1m	6.1m
Accounts Receivable	(1.4m)	(637.0k)	(1.3m)	(8.6m)	(9.1m)	(20.4m)	6.7m	5.4m
Inventories	10.1m	18.0m	12.9m	(8.4m)	(2.5m)	(5.2m)	(9.0m)	(4.1m)
Accounts Payable	(10.2m)	(11.6m)	(9.3m)	(5.3m)	6.3m	(1.8m)	6.3m	11.2m
Cash From Operating Activities	3.2m	14.7m	15.5m	(23.2m)	(874.0k)	(18.3m)	12.2m	22.7m
Purchases of PP&E	(1.1m)	(2.6m)	(4.8m)	(455.0k)	(3.1m)	(3.8m)	(651.0k)	(2.0m)
Cash From Investing Activities	(1.1m)	(2.6m)	(4.8m)	(455.0k)	(3.1m)	(3.8m)	(651.0k)	(2.0m)
Long-term Borrowings	(29.9m)	(71.3m)	(110.9m)	(48.7m)	(100.5m)	(144.8m)	(59.7m)	(103.9m)
Cash From Financing Activities	(1.5m)	(11.6m)	(9.8m)	23.0m	4.1m	21.9m	(11.6m)	(20.5m)
Net Change in Cash	586.0k	457.0k	900.0k	(669.0k)	116.0k	196.0k	10.0k	225.0k
Interest Paid	1.1m	2.0m	2.4m	950.0k	1.9m	3.3m	1.5m	3.0m
Income Taxes Paid		354.0k	553.0k	509.0k	603.0k	675.0k	22.0k	1.8m

	FY, 2016	FY, 2017	FY, 2018
Backlog (ECP)	$142.20 m	$148 m	$171.50 m
Backlog (MDS)	$138.50 m	$124.80 m	$148.10 m
Engineered Components and Products Segment Space (Leased), sq. ft.	62 k	62 k	62 k
Engineered Components and Products Segment Space (Owned), sq. ft.	183 k	183 k	183 k
Manufacturing & Design Services Segment Space (Leased), sq. ft.	193 k	226 k	202 k
Manufacturing & Design Services Segment Space (Owned), sq. ft.	365 k	365 k	365 k
Manufacturing and Administrative Space, sq. ft	825 k	858 k	834 k
Office Space Leased, square feet	22 k	22 k	22 k