EMAN · Emagin Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Revenue | $30.53M | $26.05M | $29.42M | $26.73M | $22.03M | $22.03M |
| Cost of Revenue | $20.21M | $21.45M | $23.06M | $20.00M | $22.24M | $16.91M |
| Gross Profit | $10.32M | $4.59M | $6.37M | $6.73M | $3.99M | $5.12M |
| R&D | $5.38M | $6.98M | $5.71M | $5.05M | $6.69M | $5.17M |
| SG&A | $7.88M | $7.58M | $7.57M | $7.25M | $8.97M | $8.68M |
| Total Operating Expenses | $13.26M | $14.55M | $13.28M | $12.30M | $15.66M | $13.86M |
| D&A | $2.83M | $2.81M | $2.11M | $2.05M | $1.99M | $2.07M |
| Operating Income | ($2.94M) | ($9.96M) | ($6.92M) | ($5.57M) | ($11.67M) | ($8.73M) |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | - | - | - | - | - | ($212.0K) |
| Net Income | ($1.10M) | ($5.21M) | ($11.45M) | ($4.30M) | ($9.54M) | ($7.78M) |
| EPS - Basic | ($0.01) | ($0.19) | - | ($0.09) | ($0.21) | ($0.23) |
| EPS - Diluted | ($0.01) | ($0.19) | - | ($0.09) | ($0.21) | ($0.23) |
Balance Sheet
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $4.35M | $5.72M | $8.31M | $3.52M | $3.36M | $3.53M |
| Accounts Receivable | $7.04M | $4.49M | $5.31M | $3.97M | $3.19M | $4.53M |
| Inventory | $8.71M | $7.63M | $8.38M | $8.83M | $8.58M | $8.64M |
| Accounts Payable | $2.08M | $1.35M | $1.21M | $1.30M | $2.02M | $1.71M |
| Current Assets | $23.93M | $20.73M | $26.33M | $17.60M | $16.23M | $18.43M |
| Total Assets | $73.11M | $51.37M | $47.64M | $29.59M | $25.42M | $27.31M |
| Current Liabilities | $6.96M | $8.94M | $14.27M | $8.79M | $7.45M | $9.82M |
| Long-term Debt | - | - | $1.90M | - | $0 | - |
| Total Liabilities | $49.31M | $33.12M | $31.40M | $11.88M | - | - |
| Stockholders' Equity | $23.80M | $18.24M | $16.24M | $17.71M | $17.97M | $17.49M |
| Retained Earnings | ($258.37M) | ($257.26M) | ($252.06M) | ($240.61M) | ($236.31M) | ($226.77M) |
Cash Flow
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($3.54M) | ($7.43M) | ($4.90M) | ($5.11M) | ($8.15M) | ($8.15M) |
| Investing Cash Flow | ($19.19M) | ($11.89M) | ($2.45M) | ($1.11M) | ($1.35M) | ($1.35M) |
| Financing Cash Flow | $20.85M | $15.43M | $14.26M | $6.38M | $7.79M | $7.79M |
| CapEx | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - |
Ratios
| Metric | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 33.8% | 17.6% | 21.6% | 25.2% | 18.1% | 23.3% |
| Operating margin | -9.6% | -38.2% | -23.5% | -20.8% | -53.0% | -39.6% |
| EBITDA margin | -0.4% | -27.4% | -16.3% | -13.2% | -43.9% | -30.2% |
| Net margin | -3.6% | -20.0% | -38.9% | -16.1% | -43.3% | -35.3% |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - |
| R&D / Revenue | 17.6% | 26.8% | 19.4% | 18.9% | 30.4% | 23.5% |
| SG&A / Revenue | 25.8% | 29.1% | 25.7% | 27.1% | 40.7% | 39.4% |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | -1.5% | -10.1% | -24.0% | -14.5% | -37.5% | -28.5% |
| Return on equity | -4.6% | -28.5% | -70.5% | -24.3% | -53.1% | -44.5% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 3.44 | 2.32 | 1.85 | 2.00 | 2.18 | 1.88 |
| Quick ratio | 2.19 | 1.47 | 1.26 | 1.00 | 1.03 | 1.00 |
| Cash ratio | 0.62 | 0.64 | 0.58 | 0.40 | 0.45 | 0.36 |
| Leverage | ||||||
| Debt / Equity | - | - | 0.12 | - | 0.00 | - |
| Debt / Assets | - | - | 0.04 | - | 0.00 | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 3.07 | 2.82 | 2.93 | 1.67 | 1.41 | 1.56 |
| Liabilities / Assets | 0.67 | 0.64 | 0.66 | 0.40 | - | - |
| Efficiency | ||||||
| Asset turnover | 0.42 | 0.51 | 0.62 | 0.90 | 0.87 | 0.81 |
| Inventory turnover | 2.32 | 2.81 | 2.75 | 2.26 | 2.59 | 1.96 |
| Days sales outstanding | 84d | 63d | 66d | 54d | 53d | 75d |
| Days inventory outstanding | 157d | 130d | 133d | 161d | 141d | 187d |
| Days payable outstanding | 38d | 23d | 19d | 24d | 33d | 37d |
| Cash conversion cycle | 204d | 170d | 179d | 192d | 160d | 225d |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 17.2% | -11.5% | 10.1% | 21.3% | 0.0% | 3.0% |
| Revenue CAGR (3y) | 4.5% | 5.7% | 10.1% | 7.7% | -4.3% | -5.0% |
| Revenue CAGR (5y) | 6.7% | 4.0% | 3.2% | 0.8% | -4.7% | -6.3% |
| Gross profit growth (YoY) | 124.8% | -27.8% | -5.4% | 68.5% | -22.1% | -20.5% |
| Operating income growth (YoY) | 70.5% | -44.0% | -24.2% | 52.2% | -33.6% | -4.8% |
| Net income growth (YoY) | 78.8% | 54.5% | -166.4% | 55.0% | -22.6% | 3.3% |
| EPS growth (YoY) | 94.7% | - | - | 57.1% | 8.7% | 14.8% |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | 30.4% | 12.3% | -8.3% | -1.5% | 2.7% | -14.5% |
Stability scores
Altman Z′
FY 2022 · bankruptcy risk
-2.33
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2022 · 9-point quality
3/9
Weak
- ✗Net income positive
- ✗Operating cash flow positive
- ✓ROA improved YoY
- ✗Cash flow > net income
- -Long-term debt decreased
- ✓Current ratio improved
- ✗No share dilution
- ✓Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Semiconductors & Related Devices
Comparing EMAGIN CORP against the 5 most active filers in the same SIC group.