Velocys is the company at the forefront of smaller scale gas-to-liquids (GTL) that turns natural gas or biomass into premium liquid products such as diesel and jet fuel. Smaller scale GTL adds value to shale gas and bio-waste, and makes stranded or flared gas economic – an untapped market of up to 25 million barrels per day.

Velocys technology, protected by over 800 patents, is specifically designed for smaller scales, combining super-active catalysts with intensified reactor systems. The Company’s standardised modular plants are easier to ship and faster to install, at lower risk, even in the most remote or challenging locations. Together with world-class partners, Velocys works flexibly to unlock gas resources of 15,000 to 150,000 mmbtu per day, allowing more companies to take advantage of more opportunities. 

Velocys plc is listed on the AIM market of the London Stock Exchange (LSE: VLS). The Company is well capitalised and has a multi-disciplinary staff of over 100 operating from its commercial centre in Houston, Texas, USA and technical facilities near Oxford, UK and Columbus, Ohio, USA. Its first commercial plant, funded by Waste Management (NYSE: WM), NRG Energy (NYSE: NRG) and Ventech Engineers, is expected to reach mechanical completion in H1 2016.

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TypePublic
HQMilton, GB
Founded2001
Size (employees)103 (est)-10%
Websitevelocys.com
Velocys was founded in 2001 and is headquartered in Milton, GB
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Velocys Office Locations

Velocys has offices in Houston, Plain City and Milton
Milton, GB (HQ)
115e Olympic Avenue, Milton Park, Abingdon, OX14 4SA
Houston, US
1175 2603 Augusta Dr
Plain City, US
7950 Corporate Blvd
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Velocys Financials and Metrics

Velocys Revenue

Velocys's revenue was reported to be £759 k in FY, 2017
GBP

Revenue (FY, 2017)

759 k

Gross profit (FY, 2017)

350 k

Gross profit margin (FY, 2017), %

46.1%

Net income (FY, 2017)

(54.6 m)

EBITDA (FY, 2017)

(48.3 m)

EBIT (FY, 2017)

(51.2 m)

Cash (31-Dec-2017)

2.1 m

EV

42.4 m
GBPFY, 2006FY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

64 k163 k1.3 m8.7 m7.7 m4.7 m7.6 m4.8 m(6 k)2 m1.4 m759 k

Revenue growth, %

(63%)15%

Cost of goods sold

131 k768 k3.6 m4.6 m3.3 m4.8 m3.3 m1.2 m1.3 m1.1 m409 k

Gross profit

32 k530 k5 m3 m1.5 m2.9 m1.5 m(1.2 m)727 k385 k350 k
GBPFY, 2006FY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

2 k8.6 m7.7 m7.7 m4.4 m10.6 m9.5 m14.5 m31.7 m34.7 m18.7 m2.1 m

Accounts Receivable

25 k15 k1.3 m1.3 m689 k482 k772 k102 k43 k4 k811 k416 k

Inventories

308 k330 k263 k291 k1.4 m1.5 m388 k

Current Assets

13.8 m16.1 m19.1 m14.1 m7.2 m19.4 m12 m29.5 m62.9 m41 m22.4 m4 m
GBPFY, 2006FY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(972 k)(1.7 m)(3.3 m)(468 k)(718 k)(9.6 m)(10.4 m)(16.9 m)(22.4 m)(20.1 m)(12.7 m)(54.6 m)

Cash From Operating Activities

824 k2 m5.5 m(3 m)(6.3 m)(8.1 m)(7.9 m)(11.2 m)(15.7 m)(19 m)(19.3 m)(15.3 m)

Cash From Financing Activities

14 m4 m9.8 m315 k1.2 m20.4 m1.3 m29.5 m51.5 m(332 k)(334 k)9.4 m

Net Change in Cash

484 k2.1 m1.3 m520 k(3.4 m)5.9 m(946 k)5.2 m16.3 m2 m(19.4 m)(16.6 m)
GBPY, 2017

EV/EBITDA

-0.9 x

EV/EBIT

-0.8 x

EV/CFO

-2.8 x

Revenue/Employee

7.4 k

Financial Leverage

1.3 x
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Velocys Revenue Breakdown

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Velocys revenue breakdown by geographic segment: 20.0% from Europe, 79.4% from Americas and 0.6% from Other

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Velocys News and Updates

Global Waste-to-Energy Technologies Market is Expected to Reach $56.87 billion by 2023

Market Research Report on Global Waste-to-Energy Technologies Market Posted via Industry Today. Follow us on Twitter @IndustryToday

Household Waste To Jet Fuels — British Airways Partners With Velocys

British Airways is partnering with the renewables fuels firm Velocys on a new program that will see household waste converted into jet fuel at a number of specially designed waste processing facilities, according to a press release on the matter Household Waste To Jet Fuels — British Airways Partner…
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Velocys Company Life and Culture

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