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 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.64M | $11.51M | $6.18M | - | $13.06M | $13.60M | $17.73M | - | $13.52M | - |
| Cost of Revenue | $20.52M | $18.60M | $15.46M | - | $17.80M | $19.38M | $15.43M | - | $14.61M | - |
| Gross Profit | ($10.88M) | ($7.10M) | ($9.28M) | - | ($4.74M) | ($5.78M) | $1.92M | - | ($1.09M) | - |
| R&D | $16.92M | $18.76M | $21.30M | - | $20.22M | $14.59M | $14.53M | - | $10.54M | - |
| SG&A | $9.58M | $13.43M | $12.32M | - | $23.27M | $19.13M | $17.04M | - | $10.58M | $486.0K |
| Total Operating Expenses | $31.38M | $37.53M | $39.62M | - | $50.04M | $23.59M | $31.61M | - | $25.80M | - |
| D&A | $1.66M | $2.07M | $2.17M | - | $2.00M | $1.98M | $2.17M | - | $1.99M | - |
| Operating Income | ($42.26M) | ($44.62M) | ($48.90M) | - | ($54.78M) | ($89.10M) | ($40.57M) | - | ($2.74M) | ($486.0K) |
| Interest Expense | $0 | $0 | $3.0K | - | $6.0K | $41.0K | $6.0K | - | $31.0K | - |
| Income Tax | $41.0K | ($141.0K) | $447.0K | - | $14.0K | $339.0K | $296.0K | - | $2.56M | ($4.8K) |
| Net Income | ($41.56M) | ($44.30M) | ($49.12M) | - | ($54.71M) | ($79.24M) | ($40.82M) | - | ($5.29M) | ($417.8K) |
| EPS - Basic | ($0.19) | ($0.22) | ($0.25) | - | ($0.28) | ($0.07) | - | - | - | - |
| EPS - Diluted | ($0.19) | ($0.22) | ($0.25) | - | ($0.28) | ($0.07) | - | - | - | - |
Balance Sheet
| Line item | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $51.49M | $77.02M | $31.12M | $24.06M | $57.14M | $76.08M | $155.21M | $204.65M | $297.85M | $383.0K |
| Accounts Receivable | $6.13M | $7.08M | $7.53M | $8.88M | $9.58M | $9.47M | $13.47M | $13.98M | $19.41M | - |
| Inventory | $11.50M | $13.47M | $12.50M | $9.30M | $11.86M | $16.68M | $20.89M | $18.13M | $16.42M | - |
| Accounts Payable | $5.00M | $8.45M | $7.13M | $5.11M | $4.33M | $5.94M | $3.81M | $7.72M | $10.45M | $167.7K |
| Current Assets | $245.88M | $259.31M | $289.57M | $327.42M | $356.84M | $390.01M | $430.02M | $404.71M | $344.59M | $430.8K |
| Total Assets | $285.92M | $301.84M | $332.85M | $375.42M | $401.87M | $436.60M | $477.59M | $432.71M | $370.56M | $117.73M |
| Current Liabilities | $44.59M | $44.82M | $45.35M | $47.10M | $44.73M | $39.96M | $43.39M | $65.39M | $58.16M | $698.9K |
| Long-term Debt | - | - | - | $0 | $0 | $0 | $10.00M | $10.00M | $10.00M | - |
| Total Liabilities | $70.38M | $71.64M | $73.20M | $76.16M | $74.24M | $70.90M | $85.92M | $91.89M | $59.93M | - |
| Stockholders' Equity | $215.54M | $230.20M | $259.65M | $299.26M | $327.63M | $365.69M | $391.68M | $340.82M | $285.50M | $5.00M |
| Retained Earnings | ($661.32M) | ($619.75M) | ($575.45M) | ($526.33M) | ($488.86M) | ($434.15M) | ($354.91M) | ($315.68M) | ($204.22M) | ($12.85M) |
Cash Flow
| Line item | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | ($35.31M) | - | - | - | ($35.11M) | - | - | - |
| Investing Cash Flow | - | - | $42.35M | - | - | - | ($83.53M) | - | - | - |
| Financing Cash Flow | - | - | $0 | - | - | - | ($659.0K) | - | - | - |
| CapEx | - | - | $601.0K | - | - | - | $829.0K | - | - | - |
| Free Cash Flow | - | - | ($35.91M) | - | - | - | ($35.94M) | - | - | - |
Ratios
| Metric | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | -112.8% | -61.7% | -150.2% | - | -36.3% | -42.5% | 10.8% | - | -8.1% | - |
| Operating margin | -438.3% | -387.8% | -791.3% | - | -419.4% | -655.4% | -228.9% | - | -20.3% | - |
| EBITDA margin | -421.1% | -369.8% | -756.1% | - | -404.1% | -640.8% | -216.6% | - | -5.5% | - |
| Net margin | -431.1% | -385.0% | -794.8% | - | -418.9% | -582.8% | -230.3% | - | -39.2% | - |
| Free cash flow margin | - | - | -581.0% | - | - | - | -202.7% | - | - | - |
| FCF / Net income | - | - | 0.73 | - | - | - | 0.88 | - | - | - |
| R&D / Revenue | 175.5% | 163.0% | 344.6% | - | 154.8% | 107.3% | 82.0% | - | 77.9% | - |
| SG&A / Revenue | 99.4% | 116.7% | 199.3% | - | 178.2% | 140.7% | 96.1% | - | 78.3% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -14.5% | -14.7% | -14.8% | - | -13.6% | -18.1% | -8.5% | - | -1.4% | -0.4% |
| Return on equity | -19.3% | -19.2% | -18.9% | - | -16.7% | -21.7% | -10.4% | - | -1.9% | -8.4% |
| Return on invested capital | - | - | - | - | -13.2% | -19.2% | -8.0% | - | -0.7% | - |
| Liquidity | ||||||||||
| Current ratio | 5.51 | 5.79 | 6.39 | 6.95 | 7.98 | 9.76 | 9.91 | 6.19 | 5.93 | 0.62 |
| Quick ratio | 5.26 | 5.48 | 6.11 | 6.75 | 7.71 | 9.34 | 9.43 | 5.91 | 5.64 | 0.62 |
| Cash ratio | 1.15 | 1.72 | 0.69 | 0.51 | 1.28 | 1.90 | 3.58 | 3.13 | 5.12 | 0.55 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | 0.00 | 0.00 | 0.00 | 0.03 | 0.03 | 0.04 | - |
| Debt / Assets | - | - | - | 0.00 | 0.00 | 0.00 | 0.02 | 0.02 | 0.03 | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | -16300.7x | - | -9129.8x | -2173.2x | -6761.8x | - | -88.5x | - |
| Equity multiplier | 1.33 | 1.31 | 1.28 | 1.25 | 1.23 | 1.19 | 1.22 | 1.27 | 1.30 | 23.55 |
| Liabilities / Assets | 0.25 | 0.24 | 0.22 | 0.20 | 0.18 | 0.16 | 0.18 | 0.21 | 0.16 | - |
| Efficiency | ||||||||||
| Asset turnover | 0.03 | 0.04 | 0.02 | - | 0.03 | 0.03 | 0.04 | - | 0.04 | - |
| Inventory turnover | 1.78 | 1.38 | 1.24 | - | 1.50 | 1.16 | 0.74 | - | 0.89 | - |
| Days sales outstanding | 232d | 225d | 445d | - | 268d | 254d | 277d | - | 524d | - |
| Days inventory outstanding | 205d | 264d | 295d | - | 243d | 314d | 494d | - | 410d | - |
| Days payable outstanding | 89d | 166d | 168d | - | 89d | 112d | 90d | - | 261d | - |
| Cash conversion cycle | 348d | 323d | 572d | - | 422d | 456d | 681d | - | 673d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -26.2% | -15.4% | -65.1% | - | -3.4% | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | -129.5% | -22.7% | - | - | -333.7% | - | - | - | - | - |
| Operating income growth (YoY) | 22.9% | 49.9% | -20.5% | - | -1897.8% | -18234.5% | -10062.3% | - | -22689.2% | -119.5% |
| Net income growth (YoY) | 24.0% | 44.1% | -20.3% | - | -933.3% | -18863.3% | -1483.1% | - | 56.1% | - |
| EPS growth (YoY) | 32.1% | -214.3% | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | 0.1% | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -34.2% | -37.1% | -33.7% | -12.2% | 14.8% | 7213.9% | 6678.2% | 6716.5% | 5610.0% | 30798.6% |
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%
Peer comparison
Same SIC group: General Industrial Machinery & Equipment, NEC
Comparing Velodyne Lidar against the 5 most active filers in the same SIC group.