$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

24.4 m17 m

Revenue growth, %

(30%)

EBIT

(20.1 m)(13.4 m)

EBIT margin, %

(82%)(79%)

Interest expense

200.5 k712.5 k

Income tax expense

10.6 k12 k

Net Income

(20.3 m)(12.9 m)

Quarterly

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

Revenue

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

R&D expense

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

General and administrative expense

6.2 m4.3 m3.8 m3 m

Operating expense total

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

EBIT

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

EBIT margin, %

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

Interest expense

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

Net Income

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

Wave Systems Balance Sheet

Annual

USDFY, 2013FY, 2014

Cash

2.1 m1.8 m

Current Assets

7 m4 m

PP&E

596.8 k411.8 k

Goodwill

1.4 m1.4 m

Total Assets

11.8 m8 m

Accounts Payable

6.8 m3.9 m

Current Liabilities

15.2 m9 m

Common Stock

350.2 k459.6 k

Additional Paid-in Capital

407.9 m422.7 m

Retained Earnings

(417.2 m)(430.1 m)

Total Equity

(9 m)(6.9 m)

Financial Leverage

-1.3 x-1.2 x

Quarterly

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

Cash

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

Current Assets

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

PP&E

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

Goodwill

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

Total Assets

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

Accounts Payable

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

Current Liabilities

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

Total Liabilities

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

Common Stock

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

Additional Paid-in Capital

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

Retained Earnings

(413.6 m)(420.5 m)(424.3 m)(426.4 m)(435 m)(442.1 m)(443.8 m)

Total Equity

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

Financial Leverage

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

Wave Systems Cash Flow

Annual

USDFY, 2013FY, 2014

Net Income

(20.3 m)(12.9 m)

Depreciation and Amortization

1 m885.7 k

Accounts Receivable

2.3 m1.2 m

Cash From Operating Activities

(11.5 m)(16.2 m)

Purchases of PP&E

(186.7 k)(117.9 k)

Cash From Investing Activities

(412.7 k)1.1 m

Cash From Financing Activities

12 m14.7 m

Interest Paid

108.5 k116.2 k

Income Taxes Paid

8.8 k7.9 k

Quarterly

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

Net Income

(16.6 m)(3.3 m)(7.1 m)(9.2 m)(4.9 m)(12 m)(13.7 m)

Depreciation and Amortization

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

Accounts Receivable

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

Cash From Operating Activities

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

Purchases of PP&E

(165.9 k)(24.8 k)(64.8 k)(95.2 k)(34.4 k)(75.5 k)(83 k)

Cash From Investing Activities

(391.9 k)(24.8 k)(64.8 k)(95.2 k)(34.4 k)(75.5 k)(83 k)

Cash From Financing Activities

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

Interest Paid

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

Wave Systems Ratios

USDY, 2015

Revenue/Employee

19.4 k
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