$2.3 B

STRP Mkt cap, 26-Feb-2018

$165 K

Straight Path Communications Revenue Q1, 2018
Straight Path Communications Gross profit (Q1, 2018)148 K
Straight Path Communications Gross profit margin (Q1, 2018), %89.7%
Straight Path Communications EBIT (Q1, 2018)-13.2 M
Straight Path Communications Cash, 31-Oct-20177.6 M

Straight Path Communications Revenue

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

Embed Graph

Straight Path Communications Revenue Breakdown

Embed Graph

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, 2014FY, 2015FY, 2016FY, 2017

Revenue

4.8m13.2m2.2m658.0k

Revenue growth, %

176%(84%)

Cost of goods sold

2.5m6.0m933.0k115.0k

Gross profit

2.3m7.2m1.2m543.0k

Gross profit Margin, %

48%54%57%83%

R&D expense

1.3m582.0k

General and administrative expense

3.0m6.9m9.0m20.8m

Operating expense total

5.5m13.0m11.2m21.5m

EBIT

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

EBIT margin, %

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

Interest income

22.0k38.0k39.0k30.0k

Pre tax profit

(284.0k)638.0k(8.6m)(45.6m)

Income tax expense

2.4m

Net Income

2.1m(2.1m)(8.6m)(45.7m)

Quarterly

USDQ2, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Revenue

453.0k4.8m2.8m2.9m1.7m112.0k219.0k159.0k165.0k167.0k165.0k

Cost of goods sold

283.0k2.1m782.0k13.0k88.0k41.0k26.0k32.0k17.0k

Gross profit

170.0k2.7m921.0k99.0k131.0k118.0k139.0k135.0k148.0k

Gross profit Margin, %

38%56%54%88%60%74%84%81%90%

R&D expense

374.0k505.0k160.0k129.0k144.0k137.0k

General and administrative expense

1.0m1.1m1.6m1.4m1.6m2.3m1.5m4.2m3.6m4.0m3.2m

Operating expense total

1.3m3.2m1.6m1.4m2.4m2.7m2.1m4.4m3.8m4.2m3.4m

EBIT

(872.0k)1.6m(162.0k)199.0k(691.0k)(2.6m)(1.9m)(4.3m)(25.8m)(4.0m)(13.2m)

EBIT margin, %

(192%)33%(6%)7%(41%)(2340%)(868%)(2690%)(15628%)(2398%)(8018%)

Interest income

4.0k9.0k9.0k9.0k10.0k10.0k10.0k7.0k6.0k7.0k6.0k

Pre tax profit

(868.0k)1.6m(153.0k)208.0k(681.0k)(2.2m)(1.9m)(4.2m)(25.8m)

Income tax expense

(755.0k)(100.0k)(6.0k)(7.0k)(7.0k)

Net Income

(868.0k)889.0k636.0k1.6m(687.0k)(2.2m)(1.9m)(4.3m)(25.8m)(6.2m)

Straight Path Communications Balance Sheet

Annual

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

Cash

21.2m18.6m11.4m8.5m

Accounts Receivable

400.0

Inventories

1.6m

Current Assets

28.8m19.8m13.0m10.3m

Total Assets

30.4m20.2m13.5m11.9m

Accounts Payable

238.0k684.0k3.2m

Current Liabilities

12.1m2.9m2.0m22.1m

Total Liabilities

13.7m3.0m2.1m29.3m

Additional Paid-in Capital

14.9m17.3m21.6m38.4m

Retained Earnings

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

Total Equity

16.7m17.2m11.4m(17.5m)

Financial Leverage

1.8 x1.2 x1.2 x-0.7 x

Quarterly

USDQ2, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Cash

14.3m21.7m21.1m19.0m16.3m15.4m13.2m9.6m7.8m14.6m7.6m

Inventories

643.0k1.7m1.6m

Current Assets

19.2m28.2m26.3m23.8m16.7m15.7m13.5m11.2m9.4m16.5m9.6m

PP&E

56.0k1.3m

Total Assets

20.4m29.1m27.1m24.7m18.2m16.9m15.6m11.7m9.9m20.9m10.1m

Accounts Payable

7.0k276.0k195.0k227.0k144.0k124.0k170.0k1.1m1.0m5.2m3.5m

Current Liabilities

5.8m11.4m8.7m6.0m1.0m925.0k907.0k2.0m16.8m23.9m23.1m

Total Liabilities

7.3m11.5m1.1m1.0m1.0m2.1m24.1m31.1m30.4m

Common Stock

8.0k8.0k

Additional Paid-in Capital

14.6m15.3m16.1m16.5m19.4m20.4m21.0m24.1m26.1m36.2m52.7m

Retained Earnings

(1.1m)2.7m2.5m3.3m(560.0k)(2.6m)(4.4m)(12.4m)(37.8m)(43.8m)(72.7m)

Total Equity

13.1m17.6m18.3m18.6m17.1m15.9m14.6m9.6m(14.2m)(10.2m)

Financial Leverage

1.6 x1.7 x1.5 x1.3 x1.1 x1.1 x1.1 x1.2 x-0.7 x-2.1 x

Straight Path Communications Cash Flow

Annual

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

Net Income

2.1m(2.1m)(8.6m)(45.7m)

Accounts Receivable

285.0k(30.0k)

Inventories

(945.0k)

Accounts Payable

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

Cash From Operating Activities

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

Cash From Investing Activities

20.0k(1.0m)

Cash From Financing Activities

17.0k(742.0k)10.0k19.2m

Interest Paid

305.0k

Income Taxes Paid

119.0k15.0k13.0k

Quarterly

USDQ2, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Net Income

(1.3m)889.0k636.0k1.6m(687.0k)(2.9m)(4.8m)(4.3m)(30.0m)(36.2m)(15.6m)

Depreciation and Amortization

38.0k

Inventories

(1.0m)

Accounts Payable

276.0k195.0k227.0k(94.0k)(114.0k)(68.0k)383.0k324.0k4.6m285.0k

Cash From Operating Activities

(705.0k)441.0k(208.0k)(1.5m)(2.3m)(3.2m)(4.1m)(1.8m)(3.5m)(10.3m)(8.8m)

Purchases of PP&E

(56.0k)(1.4m)

Cash From Investing Activities

(56.0k)(1.4m)(3.9m)6.0m

Cash From Financing Activities

7.0k91.0k(764.0k)7.0k1.0k1.0k8.0k17.4m1.8m

Interest Paid

139.0k383.0k

Income Taxes Paid

82.0k82.0k117.0k3.0k3.0k8.0k7.0k7.0k10.0k7.0k

Straight Path Communications Ratios

USDY, 2017

Revenue/Employee

18.3k

Straight Path Communications Operating Metrics

FY, 2014FY, 2015FY, 2016

Licenses (39 GHz)

828 828 828

Licenses (LMDS Band)

133 133 133