Velocity Black stock price, funding rounds, valuation and financials

Velocity Black has raised $39.9 m in total funding. Velocity Black annual revenue was £7.82 m in FY 2019

£7.8 M

Velocity Black Revenue FY, 2019

Velocity Black Revenue growth (FY, 2018 - FY, 2019), %197%

Velocity Black Gross profit (FY, 2019)2.7 M

Velocity Black Gross profit margin (FY, 2019), %34.5%

Velocity Black Net income (FY, 2019)-5.3 M

Velocity Black EBITDA (FY, 2019)-4.2 M

Velocity Black EBIT (FY, 2019)-5.7 M

Velocity Black Cash, 29-Apr-2019585.5 K

Velocity Black revenue was £7.82 m in FY, 2019 which is a 196.9% year over year increase from the previous period.

Embed Graph

Founding Date	2014
Velocity Black total Funding	$39.9 m
Velocity Black latest funding size	$22.5 m
Time since last funding	6 years ago
Velocity Black investors	Barry Sternlicht, Alex Macdonald, Crystal Stream Capital, Force Over Mass Capital, Seier Capital, Paul Mears, Chrystal Capital, Thomas Glocer, Theo Osborne, DIG Investments, John Paul, BlackPine

Velocity Black's latest funding round in August 2016 was reported to be $22.5 m. In total, Velocity Black has raised $39.9 m

Embed Graph

Embed Graph

Velocity Black revenue breakdown by geographic segment: 41.3% from United Kingdom and 58.7% from United States of America

GBP	FY, 2016	FY, 2017	FY, 2018	FY, 2019
Revenue	(83.5k)	277.5k	2.6m	7.8m
Revenue growth, %		(432%)	850%	197%
Cost of goods sold	108.9k	215.2k	1.2m	5.1m
Gross profit	(192.3k)	62.3k	1.4m	2.7m
Gross profit Margin, %	230%	22%	53%	34%
General and administrative expense	9.2m	7.2m	12.0m	7.7m
Operating expense total	9.2m	7.2m	12.0m	8.4m
EBITDA	(9.4m)	(6.0m)	(9.3m)	(4.2m)
EBITDA margin, %	11208%	(2153%)	(354%)	(53%)
EBIT	(9.4m)	(7.1m)	(10.7m)	(5.7m)
EBIT margin, %	11238%	(2568%)	(404%)	(73%)
Interest expense				8.1k
Interest income	322.0	31.0	5.0	1.0k
Pre tax profit	(9.4m)	(7.1m)	(10.7m)	(5.7m)
Income tax expense	(328.6k)	(372.4k)	(381.8k)	(427.6k)
Net Income	(9.1m)	(6.8m)	(10.3m)	(5.3m)

GBP	FY, 2016	FY, 2017	FY, 2018	FY, 2019
Cash	1.1m	4.4m	1.0m	585.5k
Accounts Receivable	65.2k	63.6k	101.1k	169.1k
Prepaid Expenses	62.3k	148.2k	169.3k	168.9k
Inventories		109.0k	183.2k	149.1k
Current Assets	1.8m	5.6m	2.1m	1.7m
PP&E	149.9k	101.2k	177.7k	116.4k
Goodwill	2.4m	1.9m	1.5m	974.0k
Total Assets	6.7m	9.9m	5.9m	4.5m
Accounts Payable	564.9k	301.5k	857.3k	912.2k
Short-term debt				779.1k
Current Liabilities	862.6k	1.1m	2.3m	3.7m
Total Debt				779.1k
Total Liabilities	2.9m	1.1m	2.3m	4.4m
Common Stock	188.0	231.0	242.0	250.0
Additional Paid-in Capital	10.5m	21.1m	24.2m	25.6m
Retained Earnings	(9.6m)	(16.3m)	(26.6m)	(31.4m)
Total Equity	3.8m	8.7m	3.5m	162.4k
Debt to Equity Ratio				4.8 x
Debt to Assets Ratio				0.2 x
Financial Leverage	1.8 x	1.1 x	1.7 x	27.8 x