Income Statement VELOCYS Börse Stuttgart

Stocks

O7N

GB00B11SZ269

Renewable Fuels

Delayed Börse Stuttgart Other stock markets			5-day change	1st Jan Change
- ^EUR	-.--%		-.--%	+8.33%

07-14	Velocys Announces Availability Of Alphacore 400 Microchannel Reactor And Product Roadmap For Larger SAF Plants	CI
04-06	Varhad Capital and Velocys Sign Memorandum of Understanding to Develop Make-In-India Biomass-To-Sustainable Aviation Fuel Projects	CI

1148a56b2f42e6e20b3.Up7V2JaYZytTT31thWWIO4vMZVRDHUiqKls-0MRit-U.B8ThrcLpKG87eQ4O_SvgVv-kPy0UUX36WTdWvJYo29Ae3IXo5_ElemU3KA

Published financial data: VELOCYS

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	332K	178K	8.28M	241K	61K
Total Revenues	332K	178K	8.28M	241K	61K
Cost of Goods Sold, Total	221K	205K	5.07M	436K	147K
Gross Profit	111K	-27K	3.21M	-195K	-86K
Selling General & Admin Expenses, Total	8.58M	7.99M	12.05M	14.72M	28.93M
R&D Expenses	-	-	-	-	-
Depreciation & Amortization - (IS)	982K	962K	912K	1.02M	1.16M
Amortization of Goodwill and Intangible Assets - (IS)	112K	137K	172K	174K	186K
Other Operating Expenses	-	-370K	-433K	-1.51M	-14.7M
Other Operating Expenses, Total	9.67M	8.72M	12.7M	14.4M	15.57M
Operating Income	-9.56M	-8.75M	-9.5M	-14.6M	-15.66M
Interest Expense, Total	-200K	-142K	-116K	-828K	-1.41M
Interest And Investment Income	48K	6K	34K	83K	46K
Net Interest Expenses	-152K	-136K	-82K	-745K	-1.36M
Income (Loss) On Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	-229K	-708K	-435K	1.28M	-959K
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	-9.94M	-9.59M	-10.01M	-14.07M	-17.98M
Restructuring Charges	-	-43K	-	-	-
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Assets	79K	30K	-	113K	-
Asset Writedown	-439K	-	-	-	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	395K	-	523K	-	-
EBT, Incl. Unusual Items	-9.91M	-9.6M	-9.49M	-13.95M	-17.98M
Income Tax Expense	-291K	-810K	-1.05M	-755K	-634K
Earnings From Continuing Operations	-9.62M	-8.8M	-8.44M	-13.2M	-17.34M
Net Income to Company	-9.62M	-8.8M	-8.44M	-13.2M	-17.34M
Net Income - (IS)	-9.62M	-8.8M	-8.44M	-13.2M	-17.34M
Net Income to Common Incl Extra Items	-9.62M	-8.8M	-8.44M	-13.2M	-17.34M
Net Income to Common Excl. Extra Items	-9.62M	-8.8M	-8.44M	-13.2M	-17.34M
Per Share Items
Net EPS - Basic	-0.02	-0.01	-0.01	-0.01	-0.01
Basic EPS - Continuing Operations	-0.02	-0.01	-0.01	-0.01	-0.01
Basic Weighted Average Shares Outstanding	507M	837M	1.08B	1.4B	1.54B
Net EPS - Diluted	-0.02	-0.01	-0.01	-0.01	-0.01
Diluted EPS - Continuing Operations	-0.02	-0.01	-0.01	-0.01	-0.01
Diluted Weighted Average Shares Outstanding	507M	837M	1.08B	1.4B	1.54B
Normalized Basic EPS	-0.01	-0.01	-0.01	-0.01	-0.01
Normalized Diluted EPS	-0.01	-0.01	-0.01	-0.01	-0.01
Supplemental Items
EBITDA	-8.88M	-8.11M	-8.87M	-13.95M	-14.93M
EBITA	-9.45M	-8.61M	-9.32M	-14.42M	-15.47M
EBIT	-9.56M	-8.75M	-9.5M	-14.6M	-15.66M
EBITDAR	-8.88M	-8.11M	-	-	-
Effective Tax Rate - (Ratio)	2.94	8.43	11.05	5.41	3.53
Current Foreign Taxes	-291K	-810K	-	-	-
Total Current Taxes	-291K	-810K	-1.05M	-755K	-634K
Normalized Net Income	-6.21M	-6M	-6.26M	-8.79M	-11.24M
Interest on Long-Term Debt	196K	142K	116K	64K	251K
Supplemental Operating Expense Items
General and Administrative Expenses	3.5M	2.44M	4.06M	5.01M	15.59M
Research And Development Expense From Footnotes	1.17M	1.6M	2.12M	2.44M	3.61M
Net Rental Expense, Total	2K	2K	-	-	-
Imputed Operating Lease Interest Expense	5.28K	2.08K	-	-	-
Imputed Operating Lease Depreciation	-3.28K	-78	-	-	-
Stock-Based Comp., G&A Exp. (Total)	82K	120K	293K	499K	-554K
Total Stock-Based Compensation	82K	120K	293K	499K	-554K

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	4.8M	13.05M	25.51M	13.38M	1.42M
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	4.8M	13.05M	25.51M	13.38M	1.42M
Accounts Receivable, Total	37K	110K	6K	-	-
Other Receivables	747K	1.4M	1.62M	1.09M	2.58M
Notes Receivable	-	-	-	-	-
Total Receivables	784K	1.51M	1.63M	1.09M	2.58M
Inventory	3.33M	970K	767K	855K	1.23M
Prepaid Expenses	447K	531K	748K	2.47M	1.64M
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	1.05M	4.95M	-	-	-
Total Current Assets	10.41M	21.01M	28.65M	17.8M	6.87M
Gross Property Plant And Equipment	11.83M	12.05M	21.94M	22.63M	27.92M
Accumulated Depreciation	-9.26M	-9.92M	-10.43M	-11.22M	-8.74M
Net Property Plant And Equipment	2.57M	2.13M	11.51M	11.4M	19.18M
Long-term Investments	-	-	-	-	-
Goodwill	0	0	0	0	0
Other Intangibles, Total	444K	740K	1.09M	1.52M	1.64M
Accounts Receivable Long-Term	-	-	-	-	-
Loans Receivable Long-Term	-	-	-	-	-
Total Assets	13.43M	23.88M	41.24M	30.73M	27.69M
Liabilities
Accounts Payable, Total	333K	360K	593K	289K	1.23M
Accrued Expenses, Total	953K	541K	2.17M	2.23M	4.56M
Current Portion of Long-Term Debt	-	152K	-	376K	882K
Current Portion of Leases	581K	470K	397K	375K	603K
Current Income Taxes Payable	45K	31K	203K	77K	101K
Unearned Revenue Current, Total	8.37M	8.25M	326K	206K	145K
Other Current Liabilities	-	-	7.68M	538K	112K
Total Current Liabilities	10.28M	9.8M	11.37M	4.09M	7.64M
Long-Term Debt	-	371K	-	9.72M	10.47M
Long-Term Leases	343K	270K	189K	51K	4.17M
Unearned Revenue Non Current	470K	382K	-	-	-
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	-	-	-	178K	334K
Total Liabilities	11.09M	10.82M	11.56M	14.04M	22.6M
Common Stock, Total	6.44M	10.64M	13.94M	13.98M	16.52M
Additional Paid In Capital	184M	200M	221M	221M	224M
Retained Earnings	-208M	-217M	-211M	-225M	-240M
Comprehensive Income and Other	19.88M	19.75M	6.16M	6.24M	4.44M
Total Common Equity	2.34M	13.06M	29.68M	16.69M	5.09M
Total Equity	2.34M	13.06M	29.68M	16.69M	5.09M
Total Liabilities And Equity	13.43M	23.88M	41.24M	30.73M	27.69M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	644M	1.06B	1.39B	1.4B	1.65B
ECS Total Common Shares Outstanding	644M	1.06B	1.39B	1.4B	1.65B
Book Value / Share	0	0.01	0.02	0.01	0
Tangible Book Value	1.89M	12.32M	28.59M	15.16M	3.44M
Tangible Book Value Per Share	0	0.01	0.02	0.01	0
Total Debt	924K	1.26M	586K	10.52M	16.12M
Net Debt	-3.87M	-11.79M	-24.92M	-2.86M	14.7M
Debt Equivalent Oper. Leases	16K	16K	-	-	-
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	1.78M	336K	286K	373K	117K
Inventories - Work In Process, Total	1.55M	45K	-	-	399K
Inventories - Finished Goods, Total	-	589K	481K	482K	714K
Land - (BS)	1.3M	1.22M	11.05M	9.82M	9.82M
Machinery, Total	8.28M	9.31M	9.18M	10.67M	10.54M
Full Time Employees	33	33	33	39	45

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-9.62M	-8.8M	-8.44M	-13.2M	-17.34M
Depreciation & Amortization - CF	982K	962K	912K	1.02M	1.16M
Amortization of Goodwill and Intangible Assets - (CF)	112K	137K	172K	174K	186K
Depreciation & Amortization, Total	1.09M	1.1M	1.08M	1.19M	1.35M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	187K	72K	-	-113K	37K
Asset Writedown & Restructuring Costs	439K	-	-	-	-
Provision for Credit Losses	-	-	-	-	-
Stock-Based Compensation (CF)	82K	120K	293K	499K	-554K
Tax Benefit from Stock Options	-	-	-	-	-
Other Operating Activities, Total	1.2M	952K	345K	240K	2.35M
Change In Accounts Receivable	-165K	-4.54M	4.91M	-1.31M	-991K
Change In Inventories	-2.47M	2.09M	85K	-	-375K
Change In Accounts Payable	-1.69M	-399K	2.04M	-373K	3.3M
Change in Unearned Revenues	819K	2.12M	-7.83M	-120K	-61K
Change in Other Net Operating Assets	712K	-2.33M	-566K	285K	-270K
Cash from Operations	-9.41M	-9.61M	-8.08M	-12.9M	-12.57M
Capital Expenditure	-779K	-342K	-2.73M	-7.76M	-3.99M
Sale of Property, Plant, and Equipment	-	-	-	113K	-
Sale (Purchase) of Intangible assets	-394K	-513K	-518K	-539K	-347K
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Other Investing Activities, Total	3.46M	6K	34K	83K	46K
Cash from Investing	2.29M	-849K	-3.21M	-8.1M	-4.29M
Long-Term Debt Issued, Total	-	567K	-	9.75M	500K
Total Debt Issued	-	567K	-	9.75M	500K
Long-Term Debt Repaid, Total	-850K	-457K	-485K	-611K	-523K
Total Debt Repaid	-850K	-457K	-485K	-611K	-523K
Issuance of Common Stock	7M	21M	26.22M	-	6.35M
Other Financing Activities, Total	-432K	-1.49M	-1.69M	-360K	-1.36M
Cash from Financing	5.72M	19.62M	24.05M	8.78M	4.98M
Foreign Exchange Rate Adjustments	-769K	-904K	-297K	99K	-72K
Net Change in Cash	-2.17M	8.25M	12.46M	-12.12M	-11.96M
Supplemental Items
Cash Interest Paid	5K	142K	116K	828K	251K
Levered Free Cash Flow	-1M	-8.05M	-1.26M	-25.16M	-12.43M
Unlevered Free Cash Flow	-877K	-7.97M	-1.19M	-24.64M	-11.55M
Change In Net Working Capital	-5.1M	2.86M	-6.62M	8.91M	-1.78M
Net Debt Issued / Repaid	-850K	110K	-485K	9.14M	-23K

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-40.44	-29.31	-18.23	-25.36	-33.51
Return on Total Capital	-133.18	-62.19	-26.62	-31.75	-40.43
Return On Equity %	-247.81	-114.24	-39.5	-56.94	-159.3
Return on Common Equity	-247.81	-114.24	-39.5	-56.94	-159.3
Margin Analysis
Gross Profit Margin %	33.43	-15.17	38.74	-80.91	-140.98
SG&A Margin	2.58K	4.49K	145.53	6.11K	47.42K
EBITDA Margin %	-2.67K	-4.56K	-107.1	-5.79K	-24.47K
EBITA Margin %	-2.85K	-4.84K	-112.57	-5.99K	-25.37K
EBIT Margin %	-2.88K	-4.91K	-114.64	-6.06K	-25.67K
Income From Continuing Operations Margin %	-2.9K	-4.94K	-101.91	-5.48K	-28.43K
Net Income Margin %	-2.9K	-4.94K	-101.91	-5.48K	-28.43K
Net Avail. For Common Margin %	-2.9K	-4.94K	-101.91	-5.48K	-28.43K
Normalized Net Income Margin	-1.87K	-3.37K	-75.55	-3.65K	-18.42K
Levered Free Cash Flow Margin	-301.81	-4.52K	-15.23	-10.44K	-20.38K
Unlevered Free Cash Flow Margin	-264.16	-4.48K	-14.35	-10.22K	-18.94K
Asset Turnover
Asset Turnover	0.02	0.01	0.25	0.01	0
Fixed Assets Turnover	0.15	0.08	1.21	0.02	0
Receivables Turnover (Average Receivables)	0.69	2.42	142.81	-	-
Inventory Turnover (Average Inventory)	0.09	0.1	5.84	0.54	0.14
Short Term Liquidity
Current Ratio	1.01	2.14	2.52	4.35	0.9
Quick Ratio	0.54	1.49	2.39	3.54	0.52
Operating Cash Flow to Current Liabilities	-0.92	-0.98	-0.71	-3.15	-1.65
Days Sales Outstanding (Average Receivables)	531.56	151.13	2.56	-	-
Days Outstanding Inventory (Average Inventory)	3.94K	3.84K	62.48	678.93	2.59K
Average Days Payable Outstanding	102.34	-58.79	35.71	307.19	530.37
Cash Conversion Cycle (Average Days)	4.37K	4.05K	29.33	-	-
Long Term Solvency
Total Debt/Equity	39.54	9.67	1.97	63.05	316.82
Total Debt / Total Capital	28.33	8.82	1.94	38.67	76.01
LT Debt/Equity	14.68	4.91	0.64	58.54	287.64
Long-Term Debt / Total Capital	10.52	4.48	0.62	35.91	69.01
Total Liabilities / Total Assets	82.6	45.32	28.04	45.69	81.63
EBIT / Interest Expense	-47.8	-61.61	-81.86	-17.63	-11.14
EBITDA / Interest Expense	-42.33	-53.87	-72.52	-16.19	-10.18
(EBITDA - Capex) / Interest Expense	-46.22	-56.27	-96.05	-25.56	-13.02
Total Debt / EBITDA	-0.11	-0.17	-0.07	-0.78	-1.13
Net Debt / EBITDA	0.46	1.54	2.96	0.21	-1.03
Total Debt / (EBITDA - Capex)	-0.1	-0.16	-0.05	-0.5	-0.88
Net Debt / (EBITDA - Capex)	0.42	1.48	2.24	0.14	-0.8
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-50	-46.39	4.55K	-97.09	-74.69
Gross Profit, 1 Yr. Growth %	-63.37	-124.32	-11.99K	-106.08	-55.9
EBITDA, 1 Yr. Growth %	-49.49	-8.66	8.79	57.21	7.03
EBITA, 1 Yr. Growth %	-47.93	-8.86	7.74	54.7	7.28
EBIT, 1 Yr. Growth %	-47.59	-8.49	8.02	53.73	7.27
Earnings From Cont. Operations, 1 Yr. Growth %	-68.56	-8.53	-4.03	56.37	31.41
Net Income, 1 Yr. Growth %	-68.56	-8.53	-4.03	56.37	31.41
Normalized Net Income, 1 Yr. Growth %	-51.32	-3.51	3.92	40.49	27.81
Diluted EPS Before Extra, 1 Yr. Growth %	-78.81	-44.55	-25.56	20.85	19.03
Accounts Receivable, 1 Yr. Growth %	-96.02	197.3	-94.55	-	-
Inventory, 1 Yr. Growth %	131.71	-70.89	-20.93	11.47	43.86
Net Property, Plant and Equip., 1 Yr. Growth %	41.29	-17.04	439.68	-0.9	68.23
Total Assets, 1 Yr. Growth %	-16.73	77.87	72.66	-25.49	-9.87
Tangible Book Value, 1 Yr. Growth %	-62.63	550.82	132.07	-46.96	-77.28
Common Equity, 1 Yr. Growth %	-56.91	458.84	127.24	-43.77	-69.51
Cash From Operations, 1 Yr. Growth %	-24	4.32	-15.87	59.54	-2.56
Capital Expenditures, 1 Yr. Growth %	53.05	-56.1	698.25	184.21	-48.54
Levered Free Cash Flow, 1 Yr. Growth %	-93.09	703.82	-84.39	1.89K	-50.59
Unlevered Free Cash Flow, 1 Yr. Growth %	-93.78	808.27	-85.12	1.97K	-53.12
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-33.86	-48.22	399.49	16.36	-91.42
Gross Profit, 2 Yr. CAGR %	-43.68	-70.15	437.68	168.74	-83.63
EBITDA, 2 Yr. CAGR %	-31.13	-32.08	-0.05	30.78	29.71
EBITA, 2 Yr. CAGR %	-31.03	-31.11	-0.66	29.1	28.82
EBIT, 2 Yr. CAGR %	-33.44	-30.75	-0.34	28.86	28.42
Earnings From Cont. Operations, 2 Yr. CAGR %	-58.04	-46.37	-6.3	22.5	43.35
Net Income, 2 Yr. CAGR %	-58.04	-46.37	-6.3	22.5	43.35
Normalized Net Income, 2 Yr. CAGR %	-37.89	-31.46	0.36	20.83	34
Diluted EPS Before Extra, 2 Yr. CAGR %	-77.51	-65.72	-35.75	-5.16	19.93
Accounts Receivable, 2 Yr. CAGR %	-70.18	-65.61	-59.73	-	-
Inventory, 2 Yr. CAGR %	193.05	-17.87	-52.02	-6.11	26.64
Net Property, Plant and Equip., 2 Yr. CAGR %	19.46	8.26	111.59	131.27	29.12
Total Assets, 2 Yr. CAGR %	-16.93	21.71	75.25	13.42	-18.05
Tangible Book Value, 2 Yr. CAGR %	-63.14	55.95	288.63	10.94	-65.29
Common Equity, 2 Yr. CAGR %	-60.11	55.19	256.35	13.04	-58.59
Cash From Operations, 2 Yr. CAGR %	-21.49	-11.89	-6.32	15.86	24.68
Capital Expenditures, 2 Yr. CAGR %	378.66	-18.03	87.2	376.31	20.94
Levered Free Cash Flow, 2 Yr. CAGR %	-64.15	-25.46	12.2	76.44	213.9
Unlevered Free Cash Flow, 2 Yr. CAGR %	-66.44	-24.85	16.44	75.59	211.69
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-38.75	-38.33	131.92	-10.13	-30.02
Gross Profit, 3 Yr. CAGR %	-33.94	-57.43	119.61	20.66	47.13
EBITDA, 3 Yr. CAGR %	-17.42	-24.33	-20.39	16.24	22.33
EBITA, 3 Yr. CAGR %	-17.62	-24.31	-19.9	15.15	21.37
EBIT, 3 Yr. CAGR %	-17.53	-25.99	-19.56	15.15	21.22
Earnings From Cont. Operations, 3 Yr. CAGR %	-8.78	-45.59	-34.89	11.14	25.4
Net Income, 3 Yr. CAGR %	-8.78	-45.59	-34.89	11.14	25.4
Normalized Net Income, 3 Yr. CAGR %	-10.85	-28.07	-21.14	12.27	23.11
Diluted EPS Before Extra, 3 Yr. CAGR %	-40.15	-69.62	-55.61	-20.69	2.3
Accounts Receivable, 3 Yr. CAGR %	-64.27	-35.82	-81.38	-	-
Inventory, 3 Yr. CAGR %	31.63	35.72	-18.9	-36.45	8.24
Net Property, Plant and Equip., 3 Yr. CAGR %	-23.03	5.79	84.94	64.32	107.99
Total Assets, 3 Yr. CAGR %	-41.84	7.07	36.75	31.78	5.05
Tangible Book Value, 3 Yr. CAGR %	-60.06	-4.01	78.04	100.09	-34.61
Common Equity, 3 Yr. CAGR %	-66.78	-3.83	76.22	92.57	-26.96
Cash From Operations, 3 Yr. CAGR %	-21.37	-14.29	-13.24	11.88	9.36
Capital Expenditures, 3 Yr. CAGR %	38.85	115.87	75.04	115.16	126.86
Levered Free Cash Flow, 3 Yr. CAGR %	-59.18	1.1	-55.68	192.82	15.43
Unlevered Free Cash Flow, 3 Yr. CAGR %	-60.94	0.77	-56.15	204.01	13.06
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	123.15	-38.37	41.8	-20.5	-37.97
Gross Profit, 5 Yr. CAGR %	-27.18	-48.24	52.82	-11.04	-22.27
EBITDA, 5 Yr. CAGR %	-18.1	-19.2	-10.87	-5.72	-3.22
EBITA, 5 Yr. CAGR %	-17.57	-18.92	-11.21	-6.2	-3.13
EBIT, 5 Yr. CAGR %	-17.47	-18.78	-11.04	-7.52	-3.01
Earnings From Cont. Operations, 5 Yr. CAGR %	-15.54	-15.2	-7.8	-24.72	-10.72
Net Income, 5 Yr. CAGR %	-15.54	-15.2	-7.8	-24.72	-10.72
Normalized Net Income, 5 Yr. CAGR %	-16	-16.52	-6.53	-11.4	-2.51
Diluted EPS Before Extra, 5 Yr. CAGR %	-36.48	-40.53	-38.43	-52.09	-33.94
Accounts Receivable, 5 Yr. CAGR %	-2.96	94.03	-62.52	-	-
Inventory, 5 Yr. CAGR %	62.84	-6.98	-12.09	17.12	-3.08
Net Property, Plant and Equip., 5 Yr. CAGR %	-8.76	-17.29	15.34	44.64	60.18
Total Assets, 5 Yr. CAGR %	-32.67	-21.12	-9.59	9.57	11.42
Tangible Book Value, 5 Yr. CAGR %	-49.25	-21.03	-0.76	1.71	-7.42
Common Equity, 5 Yr. CAGR %	-51.21	-28.21	-14.18	2.59	-1.27
Cash From Operations, 5 Yr. CAGR %	-9.74	-12.72	-16.01	-3.31	0.31
Capital Expenditures, 5 Yr. CAGR %	-12.79	-31.47	56.48	196.25	50.98
Levered Free Cash Flow, 5 Yr. CAGR %	-35.09	-15.17	-38.83	26.41	-3.03
Unlevered Free Cash Flow, 5 Yr. CAGR %	-36.77	-15.34	-39.54	25.92	-3.91