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
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Velocity Black Revenue

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

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Velocity Black Funding

Summary Metrics

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

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

Velocity Black Capital Raised

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Velocity Black Revenue Breakdown

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

Velocity Black Income Statement

Annual

GBPFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

(83.5k)277.5k2.6m7.8m

Revenue growth, %

(432%)850%197%

Cost of goods sold

108.9k215.2k1.2m5.1m

Gross profit

(192.3k)62.3k1.4m2.7m

Gross profit Margin, %

230%22%53%34%

General and administrative expense

9.2m7.2m12.0m7.7m

Operating expense total

9.2m7.2m12.0m8.4m

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

322.031.05.01.0k

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)

Velocity Black Balance Sheet

Annual

GBPFY, 2016FY, 2017FY, 2018FY, 2019

Cash

1.1m4.4m1.0m585.5k

Accounts Receivable

65.2k63.6k101.1k169.1k

Prepaid Expenses

62.3k148.2k169.3k168.9k

Inventories

109.0k183.2k149.1k

Current Assets

1.8m5.6m2.1m1.7m

PP&E

149.9k101.2k177.7k116.4k

Goodwill

2.4m1.9m1.5m974.0k

Total Assets

6.7m9.9m5.9m4.5m

Accounts Payable

564.9k301.5k857.3k912.2k

Short-term debt

779.1k

Current Liabilities

862.6k1.1m2.3m3.7m

Total Debt

779.1k

Total Liabilities

2.9m1.1m2.3m4.4m

Common Stock

188.0231.0242.0250.0

Additional Paid-in Capital

10.5m21.1m24.2m25.6m

Retained Earnings

(9.6m)(16.3m)(26.6m)(31.4m)

Total Equity

3.8m8.7m3.5m162.4k

Debt to Equity Ratio

4.8 x

Debt to Assets Ratio

0.2 x

Financial Leverage

1.8 x1.1 x1.7 x27.8 x

Velocity Black Ratios

GBPFY, 2016

Financial Leverage

1.8 x

Velocity Black Operating Metrics

Velocity Black's Transaction Volume was reported to be £14m in FY, 2018.
Q3, 2015Q3, 2016FY, 2018

Countries

70

Restaurants

4001.1 k

Transaction Volume

£14 m

Velocity Black Employee Rating

4.572 votes
Culture & Values
3.3
Work/Life Balance
3.2
Senior Management
3.3
Salary & Benefits
4.1
Career Opportunities
3.6
Source