$2.6 M

Wave Systems Revenue Q3, 2015
Wave Systems Net income (Q3, 2015)-1.7 M
Wave Systems EBIT (Q3, 2015)-2.6 M
Wave Systems Cash, 30-Sep-2015333.7 K

Wave Systems Funding

Summary Metrics

Founding Date

1988

Wave Systems Income Statement

Annual

USDFY, 2013FY, 2014

Revenue

24.4m17.0m

Revenue growth, %

(30%)

EBIT

(20.1m)(13.4m)

EBIT margin, %

(82%)(79%)

Interest expense

200.5k712.5k

Income tax expense

10.6k12.0k

Net Income

(20.3m)(12.9m)

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015

Revenue

6.3m5.3m4.4m4.3m2.5m2.6m2.6m

R&D expense

2.5m3.1m2.5m2.1m2.5m2.5m1.8m

General and administrative expense

6.2m4.3m3.8m3.0m

Operating expense total

9.1m8.6m8.2m6.4m7.2m9.9m5.2m

EBIT

(2.9m)(3.2m)(3.8m)(2.1m)(4.8m)(7.3m)(2.6m)

EBIT margin, %

(46%)(61%)(85%)(48%)(195%)(283%)(101%)

Interest expense

43.2k44.9k39.0k24.3k60.9k60.2k74.1k

Net Income

(2.9m)(3.3m)(3.8m)(2.1m)(4.9m)(7.1m)(1.7m)

Wave Systems Balance Sheet

Annual

USDFY, 2013FY, 2014

Cash

2.1m1.8m

Current Assets

7.0m4.0m

PP&E

596.8k411.8k

Goodwill

1.4m1.4m

Total Assets

11.8m8.0m

Accounts Payable

6.8m3.9m

Current Liabilities

15.2m9.0m

Common Stock

350.2k459.6k

Additional Paid-in Capital

407.9m422.7m

Retained Earnings

(417.2m)(430.1m)

Total Equity

(9.0m)(6.9m)

Financial Leverage

-1.3 x-1.2 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015

Cash

1.8m4.3m8.5m4.3m3.2m2.8m333.7k

Current Assets

6.9m7.9m11.0m6.7m4.9m4.5m2.7m

PP&E

676.3k530.6k491.0k451.8k386.1k367.5k320.1k

Goodwill

1.4m1.4m1.4m1.4m1.4m

Total Assets

12.0m12.5m15.4m11.0m8.7m5.1m3.1m

Accounts Payable

6.3m6.2m4.3m3.6m4.1m3.5m3.5m

Current Liabilities

13.9m13.6m10.6m8.6m9.6m10.2m9.5m

Total Liabilities

19.8m19.1m15.9m14.1m17.1m17.5m17.0m

Common Stock

326.6k403.9k459.0k459.0k514.8k599.5k599.5k

Additional Paid-in Capital

405.4m413.6m423.3m422.8m426.1m429.1m429.3m

Retained Earnings

(413.6m)(420.5m)(424.3m)(426.4m)(435.0m)(442.1m)(443.8m)

Total Equity

(7.8m)(6.5m)(541.2k)(3.2m)

Financial Leverage

-1.5 x-1.9 x-28.4 x-3.4 x

Wave Systems Cash Flow

Annual

USDFY, 2013FY, 2014

Net Income

(20.3m)(12.9m)

Depreciation and Amortization

1.0m885.7k

Accounts Receivable

2.3m1.2m

Cash From Operating Activities

(11.5m)(16.2m)

Purchases of PP&E

(186.7k)(117.9k)

Cash From Investing Activities

(412.7k)1.1m

Cash From Financing Activities

12.0m14.7m

Interest Paid

108.5k116.2k

Income Taxes Paid

8.8k7.9k

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015

Net Income

(16.6m)(3.3m)(7.1m)(9.2m)(4.9m)(12.0m)(13.7m)

Depreciation and Amortization

763.8k236.6k461.9k677.3k205.8k374.4k429.3k

Accounts Receivable

1.3m316.9k905.9k1.0m589.9k508.9k(28.7k)

Cash From Operating Activities

(9.4m)(3.1m)(8.2m)(12.4m)(1.9m)(7.2m)(10.1m)

Purchases of PP&E

(165.9k)(24.8k)(64.8k)(95.2k)(34.4k)(75.5k)(83.0k)

Cash From Investing Activities

(391.9k)(24.8k)(64.8k)(95.2k)(34.4k)(75.5k)(83.0k)

Cash From Financing Activities

9.6m5.3m14.7m14.7m3.3m8.2m8.7m

Interest Paid

97.3k37.6k60.2k60.2k28.2k28.2k28.2k

Wave Systems Ratios

USDY, 2015

Revenue/Employee

19.4k
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