VCRA · Vocera Communications, Inc. - 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 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | $162.55M | $127.70M |
| Cost of Revenue | $79.33M | $69.80M | $71.40M | $67.74M | $64.93M | $49.08M |
| Gross Profit | $154.85M | $128.62M | $109.10M | $111.89M | $97.62M | $78.62M |
| R&D | $45.85M | $38.82M | $34.28M | $30.88M | $27.68M | $18.27M |
| SG&A | $38.54M | $28.38M | $25.77M | $25.10M | $23.97M | $24.50M |
| Total Operating Expenses | $158.94M | $132.70M | $123.22M | $118.19M | $111.64M | $95.58M |
| D&A | $10.25M | $6.39M | $7.29M | $7.66M | $7.64M | $3.77M |
| Operating Income | ($4.08M) | ($4.08M) | ($14.12M) | ($6.30M) | ($14.02M) | ($16.95M) |
| Interest Expense | $3.20M | $9.35M | $8.79M | $0 | - | - |
| Income Tax | $694.0K | ($1.25M) | $20.0K | ($351.0K) | $759.0K | $529.0K |
| Net Income | ($8.49M) | ($9.66M) | ($17.98M) | ($9.67M) | ($14.22M) | ($17.27M) |
| EPS - Basic | ($0.30) | - | - | ($0.42) | - | - |
| EPS - Diluted | ($0.30) | - | - | ($0.42) | - | - |
Balance Sheet
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $96.30M | $34.98M | $25.70M | $34.28M | $28.73M | $35.03M |
| Accounts Receivable | $48.21M | $45.65M | $42.55M | $40.13M | $35.10M | $24.14M |
| Inventory | $7.17M | $10.16M | $4.58M | $4.35M | $2.81M | $4.56M |
| Accounts Payable | $5.33M | $3.13M | $6.04M | $4.22M | $2.68M | $3.23M |
| Current Assets | $399.74M | $298.50M | $288.45M | $274.49M | $124.28M | $107.34M |
| Total Assets | $556.06M | $406.82M | $370.45M | $352.10M | $194.51M | $182.07M |
| Current Liabilities | $148.91M | $81.11M | $70.83M | $61.16M | $64.64M | $62.97M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $393.96M | $225.81M | $206.63M | $189.23M | $85.54M | $78.63M |
| Stockholders' Equity | $162.10M | $181.02M | $163.82M | $162.87M | $108.97M | $103.44M |
| Retained Earnings | ($153.26M) | ($159.98M) | ($150.33M) | ($132.35M) | ($141.70M) | ($127.10M) |
Cash Flow
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $53.98M | $26.86M | $15.78M | $14.30M | $7.74M | $11.27M |
| Investing Cash Flow | ($83.71M) | ($20.44M) | ($20.54M) | ($139.53M) | ($16.43M) | $112.0K |
| Financing Cash Flow | $91.06M | $2.85M | ($3.81M) | $130.78M | $2.39M | $3.08M |
| CapEx | $3.85M | $4.24M | $4.58M | $4.89M | $2.83M | $4.71M |
| Free Cash Flow | $50.13M | $22.62M | $11.20M | $9.41M | $4.90M | $6.56M |
Ratios
| Metric | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | 60.1% | 61.6% |
| Operating margin | - | - | - | - | -8.6% | -13.3% |
| EBITDA margin | - | - | - | - | -3.9% | -10.3% |
| Net margin | - | - | - | - | -8.7% | -13.5% |
| Free cash flow margin | - | - | - | - | 3.0% | 5.1% |
| FCF / Net income | -5.90 | -2.34 | -0.62 | -0.97 | -0.34 | -0.38 |
| R&D / Revenue | - | - | - | - | 17.0% | 14.3% |
| SG&A / Revenue | - | - | - | - | 14.7% | 19.2% |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | -1.5% | -2.4% | -4.9% | -2.7% | -7.3% | -9.5% |
| Return on equity | -5.2% | -5.3% | -11.0% | -5.9% | -13.0% | -16.7% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 2.68 | 3.68 | 4.07 | 4.49 | 1.92 | 1.70 |
| Quick ratio | 2.64 | 3.56 | 4.01 | 4.42 | 1.88 | 1.63 |
| Cash ratio | 0.65 | 0.43 | 0.36 | 0.56 | 0.44 | 0.56 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | -1.3x | -0.4x | -1.6x | - | - | - |
| Equity multiplier | 3.43 | 2.25 | 2.26 | 2.16 | 1.78 | 1.76 |
| Liabilities / Assets | 0.71 | 0.56 | 0.56 | 0.54 | 0.44 | 0.43 |
| Efficiency | ||||||
| Asset turnover | - | - | - | - | 0.84 | 0.70 |
| Inventory turnover | 11.07 | 6.87 | 15.60 | 15.57 | 23.06 | 10.77 |
| Days sales outstanding | - | - | - | - | 79d | 69d |
| Days inventory outstanding | 33d | 53d | 23d | 23d | 16d | 34d |
| Days payable outstanding | 25d | 16d | 31d | 23d | 15d | 24d |
| Cash conversion cycle | - | - | - | - | 80d | 79d |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | - | - | - | - | 27.3% | 22.7% |
| Revenue CAGR (3y) | - | - | - | - | 19.4% | 7.6% |
| Revenue CAGR (5y) | - | - | - | - | 10.0% | - |
| Gross profit growth (YoY) | 20.4% | 17.9% | -2.5% | 14.6% | 24.2% | 21.7% |
| Operating income growth (YoY) | -0.1% | 71.1% | -124.0% | 55.0% | 17.3% | -1.0% |
| Net income growth (YoY) | 12.0% | 46.3% | -85.9% | 32.0% | 17.7% | -0.9% |
| EPS growth (YoY) | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | 121.6% | 101.9% | 19.1% | 91.9% | -25.3% | - |
| FCF CAGR (5y) | 50.2% | - | - | - | -12.8% | - |
| Book value growth (YoY) | -10.5% | 10.5% | 0.6% | 49.5% | 5.3% | -0.9% |
Stability scores
Piotroski F-score
FY 2021 · 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: Communications Equipment, NEC
Comparing VOCERA COMMUNICATIONS against the 5 most active filers in the same SIC group.