Straight Path Communications Revenue

Straight Path Communications revenue was $658 k in FY, 2017

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Summary - Funding Rounds

Founding Date

2013

Straight Path Communications Revenue Breakdown

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Straight Path Communications revenue breakdown by business segment: 21.4% from Straight Path Spectrum and 78.6% from Straight Path IP Group

Straight Path Communications Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

1.1m4.8m13.2m2.2m658.0k

Revenue growth, %

176%(84%)

Cost of goods sold

630.0k2.5m6.0m933.0k115.0k

Gross profit

500.0k2.3m7.2m1.2m543.0k

Gross profit Margin, %

44%48%54%57%83%

R&D expense

1.3m582.0k

General and administrative expense

3.1m3.0m6.9m9.0m20.8m

Operating expense total

4.1m3.0m6.9m10.3m43.6m

EBIT

(3.6m)(692.0k)266.0k(9.1m)(43.0m)

EBIT margin, %

(320%)(14%)2%(421%)(6537%)

Interest income

11.0k22.0k372.0k437.0k30.0k

Pre tax profit

(3.6m)(692.0k)266.0k(8.6m)(45.6m)

Income tax expense

8.0k(2.4m)2.7m(4.0k)13.0k

Net Income

(3.2m)2.0m(2.0m)(8.3m)(44.6m)

Straight Path Communications Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

15.0m21.2m18.6m11.4m8.5m

Accounts Receivable

60.0k61.0k82.0k51.0k

Prepaid Expenses

90.0k5.0m783.0k118.0k

Inventories

1.6m

Current Assets

15.2m28.8m19.8m13.0m10.3m

Total Assets

15.7m30.4m20.2m13.5m11.9m

Accounts Payable

1.0k238.0k684.0k3.2m

Current Liabilities

1.6m12.1m2.9m2.0m22.1m

Total Liabilities

1.9m13.7m3.0m2.1m29.3m

Common Stock

1.5m

Additional Paid-in Capital

14.1m14.9m17.3m21.6m38.4m

Retained Earnings

2.0m72.0k(8.2m)(52.9m)

Total Equity

13.9m16.7m17.2m11.4m(14.8m)

Financial Leverage

1.1 x1.8 x1.2 x1.2 x-0.8 x

Straight Path Communications Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(3.2m)2.0m(2.0m)(8.6m)(45.7m)

Accounts Receivable

(23.0k)(1.0k)(21.0k)42.0k(30.0k)

Inventories

(945.0k)

Accounts Payable

305.0k(1.0k)238.0k446.0k2.5m

Cash From Operating Activities

(2.6m)6.2m(1.9m)(7.3m)(21.0m)

Cash From Investing Activities

(350.0k)20.0k(1.0m)

Dividends Paid

(875.0k)

Cash From Financing Activities

15.4m17.0k(742.0k)10.0k19.2m

Net Change in Cash

12.4m6.2m(2.6m)(7.3m)(2.8m)

Interest Paid

305.0k

Income Taxes Paid

(673.0k)(27.0k)119.0k15.0k13.0k

Straight Path Communications Ratios

USDFY, 2013

Financial Leverage

1.1 x

Straight Path Communications Operating Metrics

FY, 2014FY, 2015FY, 2016

Licenses (39 GHz)

828 828 828

Licenses (LMDS Band)

133 133 133