VLDR · Velodyne Lidar, 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 |
|---|---|---|---|---|
| Revenue | $61.92M | $95.36M | - | - |
| Cost of Revenue | $67.84M | $70.25M | - | - |
| Gross Profit | ($5.91M) | $25.12M | - | - |
| R&D | $77.86M | $88.08M | - | - |
| SG&A | $70.31M | $65.73M | - | - |
| Total Operating Expenses | $216.19M | $179.02M | - | - |
| D&A | $8.45M | $8.39M | - | - |
| Operating Income | ($222.11M) | ($153.90M) | ($717.5K) | - |
| Interest Expense | $80.0K | $106.0K | - | - |
| Income Tax | $645.0K | ($4.08M) | $1.08M | - |
| Net Income | ($212.24M) | ($149.86M) | ($13.92M) | - |
| EPS - Basic | ($1.01) | - | - | - |
| EPS - Diluted | ($1.01) | - | - | - |
Balance Sheet
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|
| Cash & Equivalents | $24.06M | $204.65M | $698.0K | $1.40M |
| Accounts Receivable | $8.88M | $13.98M | - | - |
| Inventory | $9.30M | $18.13M | - | - |
| Accounts Payable | $5.11M | $7.72M | $28.0K | $110.2K |
| Current Assets | $327.42M | $404.71M | $727.8K | $1.54M |
| Total Assets | $375.42M | $432.71M | $249.72M | $246.43M |
| Current Liabilities | $47.10M | $65.39M | $32.89M | $527.8K |
| Long-term Debt | $0 | $10.00M | - | - |
| Total Liabilities | $76.16M | $91.89M | - | $15.66M |
| Stockholders' Equity | $299.26M | $111.48M | $5.00M | $5.00M |
| Retained Earnings | ($526.33M) | ($315.68M) | ($9.85M) | $4.08M |
Cash Flow
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|
| Operating Cash Flow | ($120.67M) | ($68.44M) | ($1.78M) | - |
| Investing Cash Flow | ($132.70M) | ($134.53M) | $1.14M | - |
| Financing Cash Flow | $72.79M | $347.73M | ($100.6K) | - |
| CapEx | $3.28M | $3.28M | - | - |
| Free Cash Flow | ($123.95M) | ($71.71M) | - | - |
Ratios
| Metric | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|
| Profitability | ||||
| Gross margin | -9.6% | 26.3% | - | - |
| Operating margin | -358.7% | -161.4% | - | - |
| EBITDA margin | -345.0% | -152.6% | - | - |
| Net margin | -342.7% | -157.2% | - | - |
| Free cash flow margin | -200.2% | -75.2% | - | - |
| FCF / Net income | 0.58 | 0.48 | - | - |
| R&D / Revenue | 125.7% | 92.4% | - | - |
| SG&A / Revenue | 113.5% | 68.9% | - | - |
| Effective tax rate | - | - | - | - |
| Return on assets | -56.5% | -34.6% | -5.6% | - |
| Return on equity | -70.9% | -134.4% | -278.5% | - |
| Return on invested capital | -58.6% | -100.1% | - | - |
| Liquidity | ||||
| Current ratio | 6.95 | 6.19 | 0.02 | 2.92 |
| Quick ratio | 6.75 | 5.91 | 0.02 | 2.92 |
| Cash ratio | 0.51 | 3.13 | 0.02 | 2.65 |
| Leverage | ||||
| Debt / Equity | 0.00 | 0.09 | - | - |
| Debt / Assets | 0.00 | 0.02 | - | - |
| Debt / EBITDA | - | - | - | - |
| Interest coverage | -2776.4x | -1451.9x | - | - |
| Equity multiplier | 1.25 | 3.88 | 49.94 | 49.29 |
| Liabilities / Assets | 0.20 | 0.21 | - | 0.06 |
| Efficiency | ||||
| Asset turnover | 0.16 | 0.22 | - | - |
| Inventory turnover | 7.30 | 3.87 | - | - |
| Days sales outstanding | 52d | 54d | - | - |
| Days inventory outstanding | 50d | 94d | - | - |
| Days payable outstanding | 27d | 40d | - | - |
| Cash conversion cycle | 75d | 108d | - | - |
| Valuation | ||||
| P / E | - | - | - | - |
| P / B | - | - | - | - |
| P / S | - | - | - | - |
| EV / EBITDA | - | - | - | - |
| Growth | ||||
| Revenue growth (YoY) | -35.1% | - | - | - |
| Revenue CAGR (3y) | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - |
| Operating income growth (YoY) | -44.3% | -21348.9% | - | - |
| Net income growth (YoY) | -41.6% | -976.4% | - | - |
| EPS growth (YoY) | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - |
| FCF growth (YoY) | -72.8% | - | - | - |
| FCF CAGR (5y) | - | - | - | - |
| Book value growth (YoY) | 168.4% | 2129.6% | -0.0% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Product / service
$73.22M totalProduct$48.00M · 65.6%
License And Service$13.92M · 19.0%
License$11.30M · 15.4%
Geographic
$61.92M totalAsia Pacific$25.98M · 41.9%
North America$23.31M · 37.6%
EMEA$12.63M · 20.4%
Stability scores
Altman Z′
FY 2021 · bankruptcy risk
-0.68
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 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: General Industrial Machinery & Equipment, NEC
Comparing Velodyne Lidar against the 5 most active filers in the same SIC group.