Summary - Funding Rounds

Founding Date

1998
VisionDirect is a subsidiary of Essilor

VisionDirect Income Statement

Annual

GBPFY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

5.5m6.1m8.2m10.4m21.5m1.3m39.4m39.5m50.9m

Revenue growth, %

108%56%

Cost of goods sold

4.4m4.4m7.1m8.8m16.5m1.7m39.2m39.7m51.2m

Gross profit

1.1m1.6m1.1m1.5m5.0m(384.0k)216.0k(167.0k)(300.0k)

Gross profit Margin, %

20%27%14%15%23%(29%)1%0%(1%)

Operating expense total

1.7m1.6m1.1m1.9m5.2m1.6m7.3m3.5m

Depreciation and amortization

355.0k

EBITDA

(655.0)(339.1k)371.6k(71.0k)289.0k(6.8m)(3.4m)

EBITDA margin, %

(6%)6%(1%)1%(17%)(9%)

EBIT

(655.0)(650.0k)22.3k40.1k(392.0k)(200.0k)(2.0m)(7.1m)(3.6m)(3.3m)

EBIT margin, %

(12%)0%0%(4%)(1%)(147%)(18%)(9%)(7%)

Interest expense

82.0k

Interest income

10.0k

Pre tax profit

(22.6k)(809.1k)(138.6k)(103.9k)(392.0k)(427.0k)(2.1m)(8.0m)(3.6m)(3.4m)

Income tax expense

9.1k5.6k9.6k(27.0k)620.0k18.0k(22.0k)

Net Income

(22.6k)(800.0k)(133.0k)(94.3k)(392.0k)(454.0k)(2.1m)(7.4m)(3.6m)(3.4m)

VisionDirect Balance Sheet

Annual

GBPFY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

1.1k287.0k104.1k315.6k303.0k1.1m349.0k636.0k278.0k361.0k

Accounts Receivable

167.4k127.3k167.6k11.0k76.0k84.0k

Inventories

163.3k137.2k149.4k833.0k2.6m2.6m3.4m8.1m6.5m

Current Assets

1.1m2.8m625.4k864.5k1.3m3.9m12.1m4.3m8.8m148.4m

PP&E

3.8m123.4k42.0k520.2k172.0k481.0k2.4m643.0k947.0k1.2m

Goodwill

4.2m9.6m8.5m

Total Assets

2.9m7.8m5.9m5.8m5.8m14.4m14.6m103.0m92.0m151.8m

Accounts Payable

1.3m1.1m938.6k1.0m1.9m1.8m1.5m3.0m4.0m

Short-term debt

11.0m

Current Liabilities

125.0k5.0m2.2m1.3m1.6m2.7m2.5m5.2m7.8m17.5m

Long-term debt

155.9m

Non-Current Liabilities

2.8m3.7m4.7m5.7m5.7m13.7m19.4m112.6m102.4m155.9m

Total Debt

64.4k156.7k255.0k2.1m166.9m

Total Liabilities

2.9m8.7m6.9m6.9m7.4m16.4m21.9m117.7m110.3m173.5m

Common Stock

Retained Earnings

(1.5m)(2.0m)(7.3m)(14.7m)(18.3m)(21.7m)

Total Equity

(22.6k)(905.2k)(1.0m)(1.1m)(1.5m)(2.0m)(7.3m)(14.7m)(18.3m)(21.7m)

Debt to Equity Ratio

-0.1 x-0.2 x-0.2 x-0.1 x-7.7 x

Debt to Assets Ratio

0 x0 x0 x0 x1.1 x

Financial Leverage

-128 x-8.6 x-5.7 x-5.1 x-3.8 x-7.3 x-2 x-7 x-5 x-7 x

VisionDirect Cash Flow

Annual

GBPFY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(22.6k)(800.0k)(133.0k)(94.3k)(392.0k)(454.0k)(2.1m)(7.4m)(3.6m)

Income Taxes Paid

(27.0k)(217.0k)

VisionDirect Ratios

GBPFY, 2009

Financial Leverage

-128 x