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Spectranetics financials

Spectranetics Revenue

Spectranetics revenue was $270.82 m in FY, 2016 which is a 10.1% year over year increase from the previous period.

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Summary - Funding Rounds

Founding Date	1984

Spectranetics is a subsidiary of Philips

Annual

USD	FY, 2011	FY, 2012	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Revenue	127.3m	140.3m	158.8m	204.9m	246.0m	270.8m
Revenue growth, %				29%	20%	10%
Cost of goods sold	35.7m	37.9m	41.4m	51.4m	62.9m	68.3m
Gross profit	91.6m	102.4m	117.5m	153.5m	183.1m	202.5m
Gross profit Margin, %	72%	73%	74%	75%	74%	75%
Sales and marketing expense		1.0m
R&D expense		10.9m
General and administrative expense	70.5m	82.3m	91.8m	128.1m		164.3m
Operating expense total	90.3m	99.4m	117.1m	188.4m		246.1m
Depreciation and amortization			901.0k	6.3m
EBIT	1.3m	2.9m	394.0k	(36.9m)	(50.5m)	(43.6m)
EBIT margin, %	1%	2%	0%	(18%)	(21%)	(16%)
Interest expense	81.0k	63.0k	3.0k	4.1m		13.3m
Pre tax profit	1.1m	3.0m	410.0k	(41.2m)	(58.7m)	(57.3m)
Income tax expense	231.0k	734.0k	780.0k	(322.0k)	726.0k	787.0k
Net Income	894.0k	2.2m	(370.0k)	(40.9m)	(59.5m)	(58.1m)

Quarterly

USD	Q2, 2011	Q3, 2011	Q1, 2012	Q2, 2012	Q3, 2012	Q1, 2013	Q2, 2013	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017
Revenue	32.2m	32.1m	33.3m	35.0m	35.2m	37.7m	39.5m	39.8m	39.6m	43.6m	58.8m	57.4m	61.7m	61.7m	62.9m	67.7m	68.3m	69.7m	74.7m
Cost of goods sold	9.3m	8.7m	9.0m	9.5m	9.6m	10.3m	10.6m	10.1m	10.3m	10.5m	14.7m	14.8m	15.9m	15.8m	16.1m	17.0m	16.9m	18.1m	18.5m
Gross profit	22.9m	23.4m	24.3m	25.5m	25.6m	27.4m	28.8m	29.7m	29.3m	33.0m	44.1m	42.6m	45.8m	45.9m	46.8m	50.8m	51.4m	51.6m	56.2m
Gross profit Margin, %	71%	73%	73%	73%	73%	73%	73%	75%	74%	76%	75%	74%	74%	74%	74%	75%	75%	74%	75%
General and administrative expense	17.6m	17.7m	20.6m	20.4m	20.3m	22.8m	23.1m	22.2m	27.9m	28.5m	35.5m	36.9m	35.6m	34.1m	40.8m	40.6m	40.7m	45.7m	45.5m
Operating expense total	22.3m	23.0m	24.4m	24.6m	24.5m	28.9m	29.5m	28.9m	34.8m	38.9m	54.9m	67.6m	51.0m	58.3m	60.7m	62.1m	61.2m	66.6m	77.5m
Depreciation and amortization								246.0k	137.0k	136.0k	3.1m	3.2m	3.6m	3.3m	3.2m	3.2m	2.9m	2.9m	2.9m
EBIT	596.0k	403.0k	(65.0k)	965.0k	1.1m	(1.5m)	(678.0k)	806.0k	(5.5m)	(5.8m)	(11.8m)	(25.2m)	(5.3m)	(12.4m)	(13.9m)	(11.3m)	(9.9m)	(15.0m)	(21.3m)
EBIT margin, %	2%	1%	0%	3%	3%	(4%)	(2%)	2%	(14%)	(13%)	(20%)	(44%)	(9%)	(20%)	(22%)	(17%)	(14%)	(22%)	(29%)
Interest expense	21.0k	17.0k	8.0k	2.0k	2.0k	4.0k	6.0k	1.0k	1.0k	489.0k	1.8m	1.8m	1.8m	1.9m	3.3m	3.3m	3.3m	3.4m	3.6m
Pre tax profit	663.0k	189.0k	16.0k	849.0k	1.1m	(1.5m)	(664.0k)	840.0k	(5.5m)	(6.3m)	(13.8m)	(27.2m)	(7.1m)	(14.3m)	(17.1m)	(14.8m)	(13.2m)	(18.3m)	(24.2m)
Income tax expense	79.0k	80.0k	4.0k	213.0k	242.0k	(575.0k)	64.0k	406.0k	147.0k	246.0k	188.0k	147.0k	120.0k	176.0k	205.0k	150.0k	132.0k	200.0k	368.0k
Net Income	584.0k	109.0k	12.0k	636.0k	905.0k	(959.0k)	(728.0k)	434.0k	(5.7m)	(6.6m)	(13.9m)	(27.3m)	(7.2m)	(14.5m)	(17.3m)	(14.9m)	(13.3m)	(18.5m)	(24.6m)

Annual

USD	FY, 2011	FY, 2012	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Cash	39.6m	37.8m	128.4m	95.5m	84.6m	57.2m
Accounts Receivable	18.1m	19.9m	26.8m	41.1m
Prepaid Expenses	2.4m	2.5m	2.7m	8.1m
Inventories	8.5m	9.3m	9.5m	25.4m	8.1m	27.6m
Current Assets	69.3m	69.8m	167.8m	172.3m	158.3m	135.5m
PP&E	27.2m	27.0m	28.3m	33.8m	44.7m	44.8m
Goodwill	11.6m	13.3m	14.8m	149.9m	152.6m	148.8m
Total Assets	109.0m	110.8m	217.2m	467.0m	468.0m	430.1m
Accounts Payable	1.5m	2.0m	2.6m	4.4m	4.4m	6.2m
Short-term debt		4.8m
Current Liabilities	28.0m	20.2m	23.2m	41.3m	63.7m	66.9m
Long-term debt		15.0m
Total Debt		19.8m
Total Liabilities	29.5m	22.1m	27.2m	304.8m		355.8m
Common Stock	34.0k	35.0k	41.0k	42.0k
Preferred Stock
Additional Paid-in Capital	176.3m	183.1m	284.5m	298.5m	313.4m	332.7m
Retained Earnings	(96.1m)	(93.9m)	(94.2m)	(135.1m)	(194.6m)	(252.7m)
Total Equity	79.5m	88.7m	190.0m	162.2m	117.0m	74.3m
Financial Leverage	1.4 x	1.2 x	1.1 x	2.9 x	4 x	5.8 x

Quarterly

USD	Q2, 2011	Q3, 2011	Q1, 2012	Q2, 2012	Q3, 2012	Q1, 2013	Q2, 2013	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017
Cash	34.9m	36.2m	27.0m	27.7m	31.6m	25.2m	119.4m	123.6m	120.9m	107.0m	103.5m	43.6m	49.3m	41.7m	67.5m	64.3m	58.9m	43.9m	57.5m
Accounts Receivable	18.2m	17.2m	18.1m	19.4m	20.0m	22.5m	23.4m	23.9m	27.7m	38.0m	36.2m	38.8m	40.0m	40.1m	44.2m	43.2m	41.7m	43.9m	47.4m
Prepaid Expenses	2.0m	2.3m	2.7m	2.9m	2.2m	2.6m	3.1m	2.9m	3.5m	4.2m	5.3m	9.2m	6.6m	6.0m	6.0m	5.9m	6.3m	6.7m	7.7m
Inventories	7.0m	7.5m	9.5m	9.4m	9.9m	10.0m	10.8m	10.0m	9.8m	26.0m	26.5m	27.7m	27.8m	27.5m	26.3m	25.7m	26.7m	28.9m	29.6m
Current Assets	62.8m	63.3m	57.9m	60.0m	64.1m	61.4m	157.8m	161.3m	162.3m	175.7m	174.6m	121.5m	125.8m	117.2m	144.0m	139.2m	133.6m	123.3m	142.3m
PP&E	28.8m	28.0m	27.8m	27.5m	26.7m	26.4m	26.3m	26.6m	28.7m	30.5m	32.4m	38.3m	42.6m	45.1m	44.8m	44.6m	44.9m	45.5m	46.3m
Goodwill	5.6m	5.6m	13.3m	13.3m	13.3m	14.8m	14.8m	14.8m	14.8m	148.5m	148.2m	152.9m	152.8m	152.6m	152.6m	149.5m	149.5m	149.0m	149.8m
Total Assets	97.4m	97.3m	99.7m	101.5m	104.8m	114.1m	210.2m	213.6m	212.0m	476.3m	469.3m	443.8m	449.0m	436.7m	450.5m	439.3m	431.9m	415.7m	433.4m
Accounts Payable	2.3m	1.9m	2.9m	1.3m	1.4m	1.8m	2.0m	1.9m	2.2m	4.6m	4.4m	4.0m	7.6m	9.5m	4.4m	5.3m	5.8m	6.6m	6.5m
Short-term debt						4.4m	4.7m						18.5m	23.1m	19.2m	19.2m	21.3m	27.1m	26.2m
Current Liabilities	20.1m	18.9m	17.0m	16.6m	17.1m	16.5m	19.4m	18.9m	19.8m	33.1m	33.4m	39.2m	64.6m	71.2m	57.9m	61.0m	60.6m	66.1m	74.2m
Long-term debt															59.6m	59.6m	59.6m
Total Debt						4.4m	4.7m						18.5m	23.1m	78.8m	78.9m	80.9m	27.1m	26.2m
Total Liabilities	20.7m	19.5m	18.5m	18.4m	18.9m	24.4m	27.5m	27.4m	23.8m	293.2m	296.6m	304.0m	312.8m	310.5m	345.6m	349.0m	349.0m	355.3m	392.2m
Common Stock	33.0k	33.0k	34.0k	34.0k	34.0k	35.0k	41.0k	41.0k	41.0k	41.0k	42.0k	42.0k	42.0k	42.0k	43.0k	43.0k	43.0k	44.0k	44.0k
Additional Paid-in Capital	173.4m	174.7m	177.8m	179.4m	181.2m	185.4m	278.9m	281.8m	288.3m	289.9m	294.1m	304.4m	307.6m	312.1m	318.5m	321.9m	327.8m	337.2m	341.8m
Retained Earnings	(96.5m)	(96.4m)	(96.1m)	(95.4m)	(94.5m)	(94.8m)	(95.5m)	(95.1m)	(99.9m)	(106.5m)	(120.4m)	(162.4m)	(169.7m)	(184.1m)	(211.9m)	(226.8m)	(240.1m)	(271.2m)	(295.9m)
Total Equity	76.7m	77.8m	81.1m	83.1m	85.9m	89.8m	182.7m	186.3m	188.1m	183.1m	172.8m	139.8m	136.2m	126.2m	105.0m	90.3m	82.9m	60.5m	41.2m
Financial Leverage	1.3 x	1.3 x	1.2 x	1.2 x	1.2 x	1.3 x	1.2 x	1.1 x	1.1 x	2.6 x	2.7 x	3.2 x	3.3 x	3.5 x	4.3 x	4.9 x	5.2 x	6.9 x	10.5 x

Annual

USD	FY, 2011	FY, 2012	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Net Income	894.0k	2.2m	(370.0k)	(40.9m)	(59.5m)	(58.1m)
Depreciation and Amortization	10.0m	9.9m	10.6m	16.8m	26.6m	27.4m
Accounts Receivable	(2.6m)	(1.8m)	(6.5m)	(6.4m)	(2.7m)	(398.0k)
Inventories	(929.0k)	(884.0k)	(359.0k)	(3.0m)	497.0k	(3.7m)
Accounts Payable	6.3m	4.4m	3.3m	13.7m		7.8m
Cash From Operating Activities	6.7m	5.2m	4.2m	(20.4m)	(59.5m)	(24.4m)
Purchases of PP&E	(2.7m)	(3.1m)	(4.6m)	(6.7m)		(5.4m)
Capital Expenditures					(9.5m)
Cash From Investing Activities	1.7m	(10.8m)	(11.1m)	(240.7m)	(39.5m)	(5.4m)
Cash From Financing Activities	1.9m	3.8m	97.3m	228.2m	88.2m	2.4m
Net Change in Cash	10.3m	(1.9m)	90.6m	(32.9m)		(27.4m)
Interest Paid	289.0k	46.0k	41.0k	3.0m	6.5m	12.1m
Income Taxes Paid	142.0k	135.0k	357.0k	787.0k	327.0k	445.0k
Free Cash Flow					(49.9m)

Quarterly

USD	Q2, 2011	Q3, 2011	Q1, 2012	Q2, 2012	Q3, 2012	Q1, 2013	Q2, 2013	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017
Net Income	430.0k	539.0k	12.0k	648.0k	1.6m	(959.0k)	(1.7m)	(1.3m)	(5.7m)	(12.2m)	(26.2m)	(27.3m)	(34.5m)	(49.0m)	(17.3m)	(32.2m)	(45.5m)	(18.5m)	(43.1m)
Depreciation and Amortization	5.1m	7.5m	2.5m	5.0m	7.4m	2.6m	5.2m	8.0m	2.6m	5.2m	11.0m	6.1m	13.0m	19.7m	6.9m	13.9m	20.6m	6.8m	13.7m
Cash From Operating Activities	3.4m	3.7m	(4.7m)	(4.3m)	(542.0k)	(6.4m)	(4.3m)	(816.0k)	(8.4m)	(9.5m)	(12.9m)	(22.5m)	(32.5m)	(42.8m)	(12.4m)	(14.3m)	(20.2m)	(14.1m)	(27.0m)
Purchases of PP&E	(1.8m)	(2.2m)	(999.0k)	(1.7m)	(2.3m)	(1.0m)	(1.7m)	(2.7m)	(1.6m)	(2.9m)	(5.1m)	(1.8m)	(5.1m)	(8.3m)	(1.2m)	(2.7m)	(3.9m)	(1.7m)	(2.6m)
Cash From Investing Activities	1.8m	2.1m	(8.7m)	(9.4m)	(10.0m)	(7.5m)	(8.2m)	(9.2m)	(1.6m)	(237.2m)	(239.1m)	(31.8m)	(35.1m)	(38.3m)	(1.2m)	(2.7m)	(3.9m)	(1.7m)	(2.6m)
Short-term Borrowings													(1.5m)	(58.9m)
Cash From Financing Activities	420.0k	1.0m	829.0k	1.7m	2.6m	1.4m	94.1m	95.8m	2.5m	225.3m	227.0m	2.5m	21.5m	27.5m	(3.5m)	(3.2m)	(1.7m)	2.5m	30.1m
Net Change in Cash	5.6m	6.8m	(12.6m)	(12.0m)	(8.0m)	(12.5m)	81.6m	85.8m	(7.5m)	(21.4m)	(24.9m)	(51.9m)	(46.2m)	(53.8m)	(17.1m)	(20.3m)	(25.7m)	(13.3m)	300.0k
Interest Paid		271.0k	15.0k	34.0k	49.0k	12.0k	22.0k	31.0k	9.0k	23.0k	36.0k	9.0k	3.0m	3.2m	1.4m	6.0m	7.6m	1.6m	6.3m
Income Taxes Paid	57.0k	90.0k	41.0k	130.0k	122.0k	67.0k	283.0k	297.0k	84.0k	276.0k	783.0k	185.0k	288.0k	306.0k	194.0k	364.0k	412.0k	143.0k	243.0k