Zap Financials

$10.8 M

Revenue FY, 2016
Gross profit (FY, 2016)(1.1 M)
Gross profit margin (FY, 2016), %(10%)
Net income (FY, 2016)(34 M)
EBIT (FY, 2016)(32 M)
Cash, 31-Dec-201634 K

Summary Metrics

Founding Date

1994

Total Funding

$25 m

Latest funding size

$25 m

Time since last funding

over 8 years

Investors

Zap's latest funding round in August 2009 was reported to be $25 m. In total, Zap has raised $25 m

Revenue/Financials

Income Statement

Annual

USDFY, 2016

Revenue

10.8 m

Cost of goods sold

11.9 m

Gross profit

(1.1 m)

Gross profit Margin, %

(10%)

Sales and marketing expense

1.9 m

R&D expense

386 k

General and administrative expense

8.2 m

Operating expense total

10.5 m

EBIT

(32 m)

EBIT margin, %

(297%)

Interest expense

2.5 m

Pre tax profit

(34 m)

Net Income

(34 m)

Quarterly

USDQ3, 2013Q1, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Revenue

9.9 m6.8 m5.2 m8.4 m5.4 m7.2 m3.4 m3 m3.3 m

Cost of goods sold

9.3 m7.8 m5.8 m8.9 m5.6 m7.3 m3.3 m3.7 m3.7 m

Gross profit

613 k(971 k)(620 k)(512 k)(271 k)(194 k)66 k(724 k)(379 k)

Gross profit Margin, %

6%(14%)(12%)(6%)(5%)(3%)2%(24%)(12%)

Sales and marketing expense

1.2 m734 k1.7 m992 k890 k909 k585 k462 k450 k

R&D expense

120 k186 k119 k613 k1.1 m38 k119 k49 k84 k

General and administrative expense

1.8 m2.1 m1.4 m1.9 m2.8 m2.3 m2.3 m1.6 m2.2 m

Operating expense total

3.2 m3 m3.3 m3.5 m4.7 m3.2 m3 m2.1 m2.7 m

EBIT

(2.6 m)(4 m)(3.9 m)(4 m)(5 m)(3.4 m)(2.9 m)(2.8 m)(3.1 m)

EBIT margin, %

(26%)(58%)(75%)(48%)(93%)(48%)(86%)(95%)(94%)

Interest expense

955 k876 k1.1 m761 k674 k646 k554 k669 k625 k

Pre tax profit

(3.4 m)(4.7 m)(4.8 m)(4.7 m)(5.5 m)(3.7 m)(3.4 m)(3.4 m)(3.3 m)

Income tax expense

8 k(304 k)(1 k)3 k

Net Income

(3.3 m)(5 m)(4.8 m)(4.7 m)(5.5 m)(3.7 m)(3.4 m)(3.4 m)(3.3 m)

Balance Sheet

Annual

USDFY, 2016

Cash

34 k

Accounts Receivable

162 k

Inventories

5.9 m

Current Assets

18.8 m

PP&E

16.3 m

Total Assets

44.3 m

Accounts Payable

21 m

Short-term debt

10.7 m

Current Liabilities

90.4 m

Long-term debt

10.7 m

Total Debt

21.5 m

Total Liabilities

90.4 m

Retained Earnings

(287.6 m)

Debt to Assets Ratio

0.5 x

Quarterly

USDQ3, 2013Q1, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Cash

570 k1.9 m818 k366 k131 k90 k251 k112 k108 k

Accounts Receivable

6.2 m5 m4.6 m2.9 m1.8 m2.4 m5.2 m5.6 m5.1 m

Inventories

8.6 m7.9 m9.9 m7.3 m7.6 m8.1 m7.1 m7.2 m6.9 m

Current Assets

30.4 m23.1 m29.1 m22.2 m21.7 m21 m24.8 m24.3 m20.7 m

PP&E

51.6 m46.6 m44.1 m41.2 m39.9 m37.3 m34.8 m32.4 m31 m

Goodwill

324 k331 k332 k332 k332 k321 k316 k307 k306 k

Total Assets

110.9 m97.3 m106.5 m88.9 m86.2 m81.7 m79.5 m75.5 m68.8 m

Accounts Payable

18.5 m20.8 m20.9 m20.4 m20 m20.8 m21.5 m21.3 m24.9 m

Short-term debt

18.7 m12.5 m16.2 m17.4 m19.2 m16.9 m17.2 m13 m10 m

Current Liabilities

92.8 m90.7 m100.1 m94.6 m76.7 m68.6 m97.5 m96.7 m91.7 m

Long-term debt

18.7 m12.5 m16.2 m17.4 m19.2 m16.9 m17.2 m13 m10 m

Retained Earnings

(227 m)(235.8 m)(242 m)(253.1 m)(258.4 m)(259.2 m)(266.4 m)(268.7 m)(271 m)

Total Equity

17.3 m5.8 m5.7 m(6.6 m)(12 m)(8.4 m)

Financial Leverage

6.4 x16.9 x18.8 x-13.5 x-7.2 x-9.7 x

Cash Flow

Annual

USDFY, 2016

Net Income

(34 m)

Depreciation and Amortization

6.3 m

Accounts Receivable

1.7 m

Inventories

1.5 m

Accounts Payable

776 k

Cash From Operating Activities

(240 k)

Purchases of PP&E

(351 k)

Cash From Investing Activities

(213 k)

Quarterly

USDQ3, 2013Q1, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Net Income

(3.3 m)(5 m)(4.8 m)(4.7 m)(5.5 m)(3.7 m)(3.4 m)(3.4 m)(3.3 m)

Accounts Receivable

6.2 m5 m4.6 m2.9 m1.8 m2.4 m5.2 m5.6 m5.1 m

Accounts Payable

18.5 m20.8 m20.9 m20.4 m20 m20.8 m21.5 m21.3 m24.9 m

Ratios

Y, 2016

Debt/Assets

0.5 x