BEAT FY 2018 Earnings Report — HeartBeam, Inc. Revenue & Financial Results | Market Cap Arena

HeartBeam, Inc.BEAT

FY 2018 Earnings

Reported February 21, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$399M	—	$287M	—	39.3%
Op. Income	$84M	—	$37M	—	124.9%
Gross Margin	62.7%	—	60.1%	—	2.6pp
Net Margin	10.7%	—	-5.6%	—	16.3pp
EPS (Diluted)	$1.20	—	$-0.53	—	326.4%
Free Cash Flow	$48M	—	$10M	—	377.0%

Revenue Flow

Item	Amount
REVENUE	$399M
Cost of Revenue	$149M
GROSS PROFIT	$250M
R&D Expenses	$11M
Selling & Marketing	$43M
General & Administrative	$112M
SG&A Expenses	$155M
Other Expenses	$0
Operating Expenses	$166M
Cost & Expenses	$315M
OPERATING INCOME	$84M
Interest Income	$0
Interest Expense	$9M
Other Income/Expenses	-$43M
INCOME BEFORE TAX	$42M
Income Tax Expense	-$370.0K
Net Income from Continuing Ops	$43M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$43M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$43M
D&A	$40M
EBIT	$51M
EBITDA	$92M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$399M
Cost of Revenue	$149M
GROSS PROFIT	$250M
R&D Expenses	$11M
Selling & Marketing	$43M
General & Administrative	$112M
SG&A Expenses	$155M
Other Expenses	$0
Operating Expenses	$166M
Cost & Expenses	$315M
OPERATING INCOME	$84M
Interest Income	$0
Interest Expense	$9M
Other Income/Expenses	-$43M
INCOME BEFORE TAX	$42M
Income Tax Expense	-$370.0K
Net Income from Continuing Ops	$43M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$43M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$43M
D&A	$40M
EBIT	$51M
EBITDA	$92M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$43M
Depreciation & Amortization	$40M
Stock-Based Compensation	$0
Deferred Income Tax	-$2M
Other Non-Cash Items	-$75M
Change in Working Capital	$58M
OPERATING CASH FLOW	$73M
Capital Expenditure	-$25M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$4M
NET CASH FROM INVESTING	-$29M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$601.0K
NET CASH FROM FINANCING	$601.0K
FREE CASH FLOW	$48M
Net Change in Cash	$45M

Balance Sheet

Item	Amount
Cash & Equivalents	$81M
Short-Term Investments	$0
Net Receivables	$53M
Inventory	$7M
Other Current Assets	$6M
TOTAL CURRENT ASSETS	$147M
PP&E (Net)	$48M
Goodwill	$239M
Intangible Assets	$130M
Long-Term Investments	$0
Tax Assets	$20M
Other Non-Current Assets	$3M
TOTAL NON-CURRENT ASSETS	$440M
TOTAL ASSETS	$587M
Account Payables	$18M
Short-Term Debt	$5M
Deferred Revenue	$3M
Other Current Liabilities	$23M
TOTAL CURRENT LIABILITIES	$50M
Long-Term Debt	$193M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$33M
TOTAL NON-CURRENT LIABILITIES	$227M
TOTAL LIABILITIES	$276M
Common Stock	$33.0K
Additional Paid-In Capital	$0
Retained Earnings	-$116M
Treasury Stock	$0
Accum. Other Comp. Income	-$67M
Other Equity	$494M
TOTAL STOCKHOLDERS' EQUITY	$310M
Minority Interest	$0
TOTAL EQUITY	$310M
TOTAL LIABILITIES & EQUITY	$587M
Total Debt	$199M
Net Debt	$118M