Cash flow ANGLE plc

Equities

AGL

GB0034330679

Advanced Medical Equipment & Technology

Market Closed - London S.E. Other stock markets 16:35:14 11/10/2024 BST			5-day change	1st Jan Change
8.500 ^GBX	0.00%		+9.68%	-27.66%

09-26	EARNINGS: Ebiquity bemoans poor conditions on swing to interim loss	AN
09-26	ANGLE plc, Q2 2024 Earnings Call, Sep 26, 2024

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Published financial data: ANGLE PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	872K	762K	1.01M	1.04M	2.19M
Gain (Loss) on Sale of Investment, Total (Rev)	-	-	-	-	-
Total Revenues	872K	762K	1.01M	1.04M	2.19M
Cost of Goods Sold, Total	213K	674K	959K	1.2M	2.59M
Gross Profit	658K	88K	54K	-163K	-408K
Selling General & Admin Expenses, Total	12.31M	6.64M	10.18M	14.26M	11.18M
R&D Expenses	2.48M	3.3M	2.91M	4.04M	2.48M
Depreciation & Amortization - (IS)	622K	1.08M	1.23M	1.86M	2.24M
Amortization of Goodwill and Intangible Assets - (IS)	405K	282K	233K	191K	68K
Other Operating Expenses	-91.5K	1.4M	2.23M	4.18M	3.45M
Other Operating Expenses, Total	12.21M	12.71M	16.79M	24.54M	19.41M
Operating Income	-11.56M	-12.62M	-16.73M	-24.7M	-19.82M
Interest Expense, Total	-39K	-92K	-157K	-354K	-325K
Interest And Investment Income	28K	78K	29K	136K	463K
Net Interest Expenses	-39K	-14K	-128K	-218K	138K
Currency Exchange Gains (Loss)	-42K	-596K	117K	2.06M	-1.23M
Other Non Operating Income (Expenses)	-463K	-460K	-594K	-624K	-638K
EBT, Excl. Unusual Items	-11.6M	-13.69M	-17.34M	-23.48M	-21.55M
Gain (Loss) On Sale Of Assets	-8K	-2K	-4K	-172K	-84K
Asset Writedown	-47K	-55K	-21K	-787K	-
EBT, Incl. Unusual Items	-11.6M	-13.74M	-17.36M	-24.44M	-21.63M
Income Tax Expense	-2.22M	-2.14M	-2.35M	-2.75M	-1.5M
Earnings From Continuing Operations	-9.37M	-11.61M	-15.01M	-21.69M	-20.13M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	-9.37M	-11.61M	-15.01M	-21.69M	-20.13M
Minority Interest	-10K	-	-	-	-
Net Income - (IS)	-9.37M	-11.61M	-15.01M	-21.69M	-20.13M
Net Income to Common Incl Extra Items	-9.37M	-11.61M	-15.01M	-21.69M	-20.13M
Net Income to Common Excl. Extra Items	-9.37M	-11.61M	-15.01M	-21.69M	-20.13M
Per Share Items
Net EPS - Basic	-0.06	-0.07	-0.07	-0.09	-0.08
Basic EPS - Continuing Operations	-0.06	-0.07	-0.07	-0.09	-0.08
Basic Weighted Average Shares Outstanding	164M	178M	225M	247M	260M
Net EPS - Diluted	-0.06	-0.07	-0.07	-0.09	-0.08
Diluted EPS - Continuing Operations	-0.06	-0.07	-0.07	-0.09	-0.08
Diluted Weighted Average Shares Outstanding	164M	178M	225M	247M	260M
Normalized Basic EPS	-0.04	-0.05	-0.05	-0.06	-0.05
Normalized Diluted EPS	-0.04	-0.05	-0.05	-0.06	-0.05
American Depositary Receipts Ratio (ADR)	10	10	10	10	10
Supplemental Items
EBITDA	-10.55M	-11.76M	-15.88M	-23.6M	-18.68M
EBITA	-11.2M	-12.42M	-16.58M	-24.52M	-19.77M
EBIT	-11.56M	-12.62M	-16.73M	-24.7M	-19.82M
EBITDAR	-9.12M	-11.7M	-15.82M	-23.57M	-18.65M
Effective Tax Rate - (Ratio)	19.17	15.56	13.54	11.26	6.93
Total Current Taxes	-1.94M	-2.14M	-2.35M	-2.75M	-1.5M
Normalized Net Income	-7.25M	-8.56M	-10.84M	-14.68M	-13.47M
Interest on Long-Term Debt	-	92K	157K	354K	325K
Supplemental Operating Expense Items
General and Administrative Expenses	65K	220K	215K	230K	228K
Research And Development Expense From Footnotes	6.62M	7.88M	8.48M	10.81M	9.51M
Net Rental Expense, Total	412K	56K	61K	34K	27K
Imputed Operating Lease Interest Expense	-	28.28K	41.41K	26.24K	14.69K
Imputed Operating Lease Depreciation	-	27.72K	19.59K	7.76K	12.31K
Stock-Based Comp., COGS (Total)	-	-	-	-	-
Stock-Based Comp., SG&A Exp. (Total)	332K	268K	1.32M	4.39M	1.89M
Stock-Based Comp., Other (Total)	500K	-	-	-	-
Total Stock-Based Compensation	500K	268K	1.32M	4.39M	1.89M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	18.77M	12.08M	31.84M	31.9M	16.22M
Short Term Investments	-	16.54M	-	-	-
Total Cash And Short Term Investments	18.77M	28.62M	31.84M	31.9M	16.22M
Accounts Receivable, Total	627K	272K	257K	344K	727K
Other Receivables	3.4M	2.72M	4.92M	3.37M	1.84M
Total Receivables	4.02M	2.99M	5.17M	3.71M	2.57M
Inventory	788K	742K	1.75M	2.06M	1.68M
Prepaid Expenses	461K	577K	607K	962K	750K
Total Current Assets	23.58M	32.93M	39.37M	38.63M	21.22M
Gross Property Plant And Equipment	2.82M	4.68M	7.26M	11.83M	11.39M
Accumulated Depreciation	-1.47M	-2.27M	-2.89M	-3.35M	-4.16M
Net Property Plant And Equipment	3.02M	2.41M	4.38M	8.48M	7.23M
Goodwill	2.21M	2.21M	2.21M	2.21M	2.21M
Other Intangibles, Total	7.7M	1.38M	1.32M	523K	511K
Accounts Receivable Long-Term	-	-	-	-	-
Deferred Charges Long-Term	3M	121K	43K	34K	23K
Total Assets	34.3M	39.05M	47.32M	49.87M	31.18M
Liabilities
Accounts Payable, Total	2.42M	1.09M	1.12M	1.5M	1.06M
Accrued Expenses, Total	1.88M	1.83M	2.22M	1.77M	1.33M
Current Portion of Leases	-	434K	522K	662K	649K
Current Income Taxes Payable	246K	395K	1.01M	658K	311K
Other Current Liabilities	22K	27K	35K	661K	595K
Total Current Liabilities	2.42M	3.78M	4.91M	5.25M	3.94M
Long-Term Leases	1.55M	928K	1.82M	4.34M	3.9M
Other Non Current Liabilities	-	-	257K	216K	396K
Total Liabilities	3.98M	4.7M	6.98M	9.8M	8.24M
Common Stock, Total	17.28M	21.54M	23.51M	26.06M	26.06M
Additional Paid In Capital	67.27M	81.53M	99.41M	116M	116M
Retained Earnings	-58.28M	-69.14M	-83.81M	-104M	-122M
Comprehensive Income and Other	4.05M	411K	1.22M	1.79M	3.29M
Total Common Equity	30.32M	34.34M	40.33M	40.06M	22.94M
Minority Interest	-	-	-	-	-
Total Equity	30.32M	34.34M	40.33M	40.06M	22.94M
Total Liabilities And Equity	34.3M	39.05M	47.32M	49.87M	31.18M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	173M	215M	235M	260M	260M
ECS Total Common Shares Outstanding	173M	215M	235M	260M	260M
Book Value / Share	0.18	0.16	0.17	0.15	0.09
Tangible Book Value	22.62M	30.76M	36.8M	37.33M	20.22M
Tangible Book Value Per Share	0.13	0.14	0.16	0.14	0.08
Total Debt	1.55M	1.36M	2.34M	5M	4.55M
Net Debt	-17.21M	-27.26M	-29.5M	-26.9M	-11.66M
Debt Equivalent Oper. Leases	3.3M	448K	488K	272K	216K
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	18K	36K	762K	167K	226K
Inventories - Finished Goods, Total	970K	706K	986K	1.89M	1.45M
Machinery, Total	2.5M	2.96M	4.18M	4.93M	5.18M
Full Time Employees	62	102	128	170	150

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-9.37M	-11.61M	-15.01M	-21.69M	-20.13M
Depreciation & Amortization - CF	976K	1.08M	1.23M	1.86M	2.24M
Amortization of Goodwill and Intangible Assets - (CF)	360K	198K	155K	178K	51K
Depreciation & Amortization, Total	1.34M	1.28M	1.39M	2.04M	2.29M
Amortization of Deferred Charges, Total - (CF)	220K	84K	78K	13K	10K
(Gain) Loss From Sale Of Asset	19.5K	2K	4K	172K	84K
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	47K	55K	21K	787K	7K
Stock-Based Compensation (CF)	500K	268K	1.32M	4.39M	1.89M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	-2.31M	1.84M	-2.42M	-146K	2.42M
Change In Accounts Receivable	454K	-658K	204K	-650K	-74K
Change In Inventories	135K	14K	-1.02M	-580K	90K
Change In Accounts Payable	-1.26M	872K	1.42M	-978K	-1.01M
Change in Other Net Operating Assets	-	-	-	594K	-36K
Cash from Operations	-10.5M	-7.85M	-14.01M	-16.05M	-14.46M
Capital Expenditure	-794K	-412K	-1.67M	-1.72M	-611K
Cash Acquisitions	-	-	-	-	-
Sale (Purchase) of Intangible assets	-2.15M	-94K	-122K	-169K	-49K
Investment in Marketable and Equity Securities, Total	-	-1.53M	16.54M	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	60K	70K	24K	136K	457K
Cash from Investing	-2.88M	-1.97M	14.77M	-1.75M	-203K
Long-Term Debt Repaid, Total	-231K	-463K	-614K	-814K	-959K
Total Debt Repaid	-346K	-463K	-614K	-814K	-959K
Issuance of Common Stock	25.38M	18.65M	19.69M	19.04M	14K
Other Financing Activities, Total	-22.5K	-44K	-85K	-135K	-180K
Cash from Financing	25.01M	18.14M	18.99M	18.1M	-1.12M
Foreign Exchange Rate Adjustments	3K	-6K	4K	-238K	108K
Net Change in Cash	11.63M	8.32M	19.76M	57K	-15.68M
Supplemental Items
Cash Interest Paid	22.5K	44K	85K	135K	182K
Cash Income Tax Paid (Refund)	88.5K	-3.4M	27K	-4.45M	-2.86M
Levered Free Cash Flow	-5.43M	-5.4M	-11.72M	-10.11M	-8.62M
Unlevered Free Cash Flow	-5.43M	-5.34M	-11.62M	-9.89M	-8.41M
Change In Net Working Capital	-1.03M	-1.42M	2.17M	-993K	-440K
Net Debt Issued / Repaid	-346K	-463K	-614K	-814K	-959K

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-31.29	-22.65	-24.22	-31.77	-30.57
Return on Total Capital	-36.69	-24.7	-26.69	-35.19	-34.15
Return On Equity %	-50.72	-38.09	-40.21	-53.95	-63.91
Return on Common Equity	-49.85	-38.09	-40.21	-53.95	-63.91
Margin Analysis
Gross Profit Margin %	75.56	11.55	5.33	-15.66	-18.66
SG&A Margin	1.41K	872.05	1.01K	1.37K	511.21
EBITDA Margin %	-1.21K	-1.54K	-1.57K	-2.27K	-854.35
EBITA Margin %	-1.28K	-1.63K	-1.64K	-2.36K	-904.35
EBIT Margin %	-1.33K	-1.66K	-1.65K	-2.37K	-906.68
Income From Continuing Operations Margin %	-1.08K	-1.52K	-1.48K	-2.08K	-920.95
Net Income Margin %	-1.08K	-1.52K	-1.48K	-2.08K	-920.95
Net Avail. For Common Margin %	-1.08K	-1.52K	-1.48K	-2.08K	-920.95
Normalized Net Income Margin	-831.54	-1.12K	-1.07K	-1.41K	-616.08
Levered Free Cash Flow Margin	-800.19	-708.44	-1.16K	-971.61	-394.13
Unlevered Free Cash Flow Margin	-800.19	-700.9	-1.15K	-950.36	-384.84
Asset Turnover
Asset Turnover	0.03	0.02	0.02	0.02	0.05
Fixed Assets Turnover	0.48	0.28	0.3	0.16	0.28
Receivables Turnover (Average Receivables)	4.42	3.71	3.83	3.46	4.08
Inventory Turnover (Average Inventory)	0.77	0.88	0.77	0.63	1.39
Short Term Liquidity
Current Ratio	9.72	8.72	8.01	7.36	5.38
Quick Ratio	9.4	8.37	7.53	6.78	4.76
Operating Cash Flow to Current Liabilities	-4.33	-2.08	-2.85	-3.06	-3.67
Days Sales Outstanding (Average Receivables)	82.64	98.7	95.3	105.36	89.41
Days Outstanding Inventory (Average Inventory)	472.48	415.42	473.85	577.06	262.99
Average Days Payable Outstanding	461.53	583.39	205.44	315.49	210.53
Cash Conversion Cycle (Average Days)	93.58	-69.27	363.72	366.93	141.87
Long Term Solvency
Total Debt/Equity	5.12	3.97	5.8	12.48	19.85
Total Debt / Total Capital	4.87	3.81	5.48	11.1	16.56
LT Debt/Equity	5.12	2.7	4.5	10.83	17.02
Long-Term Debt / Total Capital	4.87	2.6	4.26	9.63	14.2
Total Liabilities / Total Assets	11.6	12.05	14.76	19.66	26.44
EBIT / Interest Expense	-296.31	-137.15	-106.58	-69.77	-60.98
EBITDA / Interest Expense	-262.04	-123.24	-97.74	-64.01	-53.94
(EBITDA - Capex) / Interest Expense	-282.38	-127.72	-108.35	-68.86	-55.82
Total Debt / EBITDA	-0.15	-0.12	-0.15	-0.22	-0.26
Net Debt / EBITDA	1.68	2.4	1.92	1.19	0.67
Total Debt / (EBITDA - Capex)	-0.14	-0.12	-0.14	-0.21	-0.25
Net Debt / (EBITDA - Capex)	1.56	2.32	1.73	1.1	0.64
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	7.96	-12.56	32.94	2.76	109.99
Gross Profit, 1 Yr. Growth %	-157.02	-173.33	-38.64	-401.85	150.31
EBITDA, 1 Yr. Growth %	20.34	-0.35	35.02	48.64	-23.42
EBITA, 1 Yr. Growth %	21.36	-0.23	33.48	47.91	-21.88
EBIT, 1 Yr. Growth %	21.99	-0.1	32.61	47.6	-22.23
Earnings From Cont. Operations, 1 Yr. Growth %	18.49	2.4	29.35	44.46	-7.17
Net Income, 1 Yr. Growth %	18.34	2.4	29.35	44.46	-7.17
Normalized Net Income, 1 Yr. Growth %	21.03	1.11	26.67	35.42	-11.2
Diluted EPS Before Extra, 1 Yr. Growth %	-17.09	-5.92	2.3	31.86	-12.11
Accounts Receivable, 1 Yr. Growth %	-33.15	95.68	-5.51	33.85	111.34
Inventory, 1 Yr. Growth %	64.94	-5.84	135.58	17.79	-18.46
Net Property, Plant and Equip., 1 Yr. Growth %	-8.68	-20.28	81.65	93.69	-14.75
Total Assets, 1 Yr. Growth %	25.92	27.72	21.17	5.4	-37.47
Tangible Book Value, 1 Yr. Growth %	23.28	34.71	19.66	1.45	-45.84
Common Equity, 1 Yr. Growth %	16.92	29.13	17.43	-0.66	-42.74
Cash From Operations, 1 Yr. Growth %	7.37	-37.46	78.52	14.56	-9.92
Capital Expenditures, 1 Yr. Growth %	-78.76	-48.08	304.37	3.12	-64.44
Levered Free Cash Flow, 1 Yr. Growth %	-18.96	-	117.11	-13.71	-18.77
Unlevered Free Cash Flow, 1 Yr. Growth %	-18.96	-	117.61	-14.88	-18.99
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	16.68	-	7.81	16.88	46.9
Gross Profit, 2 Yr. CAGR %	-34.17	-	-32.92	36.1	174.87