Intrinsyc Technologies Corp reports 130% Net Income growth and 39.2% Revenue growth
08.03.2017 • About Intrinsyc Technologies Corp (
$ITC) • By InTwits
Intrinsyc Technologies Corp reported FY2016 financial results today. Overall the company's long term financial model is characterised by the following facts:
- Intrinsyc Technologies Corp spends a lot for Stock Based Compensation (SBC): average SBC/Revenue for FY2012-FY2016 is 0.0%. Average EBITDA Margin for the same period was -2.8%0
- It operates with high leverage: Net Debt/EBITDA is 3.5x while industry average is -4.9x
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Intrinsyc Technologies Corp ($ITC) key annual financial indicators
| mln. $ | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 7.537 | 5.898 | 10.076 | 12.545 | 17.464 | 39.2% |
| Gross Profit | 2.950 | 2.182 | 3.901 | 5.525 | | -100.0% |
| SG&A | 3.482 | 4.347 | 2.826 | 3.553 | | -100.0% |
| EBITDA | -0.790 | -2.287 | 0.221 | 1.349 | | -100.0% |
| Net Income | -0.875 | -2.084 | -0.174 | 0.723 | 1.663 | 130.1% |
Balance Sheet
|
|---|
| Cash | 6.039 | 4.612 | 4.323 | 5.898 | | -100.0% |
| Short Term Debt | 0.000 | 0.000 | 0.000 | 0.000 | | |
| Long Term Debt | 0.000 | 0.000 | 0.000 | 0.000 | | |
Cash flow
|
|---|
| Capex | 0.069 | 0.015 | 0.043 | 0.093 | | -100.0% |
Ratios
|
|---|
| Revenue growth | -26.8% | -21.7% | 70.8% | 24.5% | 39.2% | |
| EBITDA growth | -486.7% | 189.5% | -109.7% | 509.3% | | |
| Gross Margin | 39.1% | 37.0% | 38.7% | 44.0% | | -44.0% |
| EBITDA Margin | -10.5% | -38.8% | 2.2% | 10.8% | 0.0% | -10.8% |
| Net Income Margin | -11.6% | -35.3% | -1.7% | 5.8% | 9.5% | 3.8% |
| SG&A, % of revenue | 46.2% | 73.7% | 28.0% | 28.3% | | -28.3% |
| CAPEX, % of revenue | 0.9% | 0.3% | 0.4% | 0.7% | | -0.7% |
| ROIC | -7.5% | -22.7% | 0.9% | 12.3% | | -12.3% |
| ROE | -7.2% | -19.9% | -1.9% | 7.5% | | -7.5% |
| Net Debt/EBITDA | | | -19.5x | -4.4x | | 4.4x |
Intrinsyc Technologies Corp ($ITC) key quoterly financial indicators
| mln. $ | FY16Q1 | FY16Q2 | FY16Q3 | FY16Q4 | YoY change |
|---|
P&L
|
|---|
| Revenue | 4 | 5 | 4 | 4 | 89.7% | 67.6% | 20.3% | 6.6% |
| EBITDA | 0 | 0 | 0 | 0 | 730.5% | 122.6% | 62.4% | -64.9% |
| Net Income | 0 | 1 | 0 | 0 | | 125.2% | | -73.9% |
Balance Sheet
|
|---|
| Cash | 4 | 5 | 5 | 5 | 0.2% | 14.5% | -21.1% | -8.8% |
| Short Term Debt | 0 | 0 | 0 | 0 | | | | |
| Long Term Debt | 0 | 0 | 0 | 0 | | | | |
Ratios
|
|---|
| Gross Margin | 38.2% | 38.5% | 43.9% | 35.9% | -8.5% | -2.8% | 5.6% | -13.4% |
| EBITDA Margin | 8.2% | 9.2% | 10.2% | 6.9% | 6.3% | 2.3% | 2.6% | -14.2% |
| Net Income Margin | 11.5% | 12.5% | 8.9% | 4.9% | 26.0% | 3.2% | 9.5% | -15.1% |
Revenue and profitability
The company's Revenue surged on 39.2%. Revenue growth showed slow down in FY16Q4 - it was 6.6% YoY.
Net Income marign increased on 3.8 pp from 5.8% to 9.5% in FY2016.
Appendix 1: Peers in Technology
Below you can find Intrinsyc Technologies Corp benchmarking vs. other companies in Technology industry. It's shown for the period of 5 years for the key financial metrics. Each table has median value for all the companies in the industry together with individual financial data of the top-5 companies in the industry by particular financial metric.
Top companies by Revenue growth, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| ProntoForms Corp ($PFM) | | 75.4% | 43.9% | 46.4% | 28.2% |
| Kinaxis Inc ($KXS) | | 30.3% | 15.2% | 30.3% | 27.0% |
| NexJ Systems Inc ($NXJ) | | 4.3% | -12.6% | 19.7% | 17.3% |
| Constellation Software Inc/Canada ($CSU) | | 35.9% | 37.9% | 10.1% | 15.6% |
| Espial Group Inc ($ESP) | | -5.5% | 59.4% | 24.2% | 15.3% |
| |
|---|
| Median (11 companies) | | 2.3% | 11.5% | 10.1% | 10.0% |
|---|
| Intrinsyc Technologies Corp ($ITC) | | -21.7% | 70.8% | 24.5% | 39.2% |
Top companies by Gross margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Constellation Software Inc/Canada ($CSU) | 86.2% | 85.5% | 86.1% | 86.2% | 87.1% |
| ProntoForms Corp ($PFM) | 96.1% | 98.1% | 98.0% | 79.4% | |
| Espial Group Inc ($ESP) | 77.5% | 81.7% | 78.5% | 74.3% | 74.7% |
| Halogen Software Inc ($HGN) | 72.0% | 74.8% | 71.8% | 73.8% | 76.2% |
| Kinaxis Inc ($KXS) | 71.8% | 70.4% | 70.4% | 71.8% | 69.1% |
| |
|---|
| Median (11 companies) | 71.9% | 63.0% | 70.4% | 70.7% | 71.9% |
|---|
| Intrinsyc Technologies Corp ($ITC) | 39.1% | 37.0% | 38.7% | 44.0% | |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Wi-LAN Inc ($WIN) | 40.9% | 12.2% | 56.2% | 53.2% | 57.8% |
| Kinaxis Inc ($KXS) | 18.7% | 23.0% | 19.2% | 28.0% | 17.6% |
| Constellation Software Inc/Canada ($CSU) | 20.9% | 20.1% | 21.8% | 25.2% | 26.0% |
| Mitel Networks Corp ($MNW) | 10.2% | 10.0% | 7.0% | 7.7% | |
| Espial Group Inc ($ESP) | -6.7% | -16.4% | 11.5% | 6.2% | -12.1% |
| |
|---|
| Median (13 companies) | 8.5% | 5.5% | 4.5% | -1.9% | 7.1% |
|---|
| Intrinsyc Technologies Corp ($ITC) | -10.5% | -38.8% | 2.2% | 10.8% | |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Kinaxis Inc ($KXS) | 2.9% | 2.3% | 5.0% | 4.7% | 5.0% |
| Halogen Software Inc ($HGN) | 4.9% | 9.0% | 8.4% | 2.9% | 2.6% |
| Espial Group Inc ($ESP) | 1.6% | 0.2% | 1.9% | 2.1% | 1.5% |
| ProntoForms Corp ($PFM) | 1.1% | 0.8% | 3.6% | 1.9% | |
| Critical Control Energy Services Corp ($CCZ) | | 0.5% | 1.0% | 1.6% | |
| |
|---|
| Median (13 companies) | 1.2% | 1.2% | 1.2% | 1.4% | 1.0% |
|---|
| Intrinsyc Technologies Corp ($ITC) | 0.9% | 0.3% | 0.4% | 0.7% | |
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Constellation Software Inc/Canada ($CSU) | 45.9% | 22.4% | 24.7% | 38.5% | 40.5% |
| Kinaxis Inc ($KXS) | | 61.8% | 63.6% | 44.0% | 22.6% |
| Halogen Software Inc ($HGN) | | -28.4% | -45.9% | -40.5% | 12.6% |
| Wi-LAN Inc ($WIN) | 2.6% | -7.6% | 8.9% | 7.4% | 8.4% |
| NexJ Systems Inc ($NXJ) | | -44.6% | -19.8% | -13.9% | 4.5% |
| |
|---|
| Median (13 companies) | -3.9% | -12.5% | 0.2% | -7.5% | 8.4% |
|---|
| Intrinsyc Technologies Corp ($ITC) | -7.5% | -22.7% | 0.9% | 12.3% | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Mitel Networks Corp ($MNW) | 3.7x | 3.8x | 2.6x | 6.2x | |
| Pivot Technology Solutions Inc ($PTG) | | -0.4x | 1.1x | 4.8x | |
| Constellation Software Inc/Canada ($CSU) | 0.0x | 1.6x | 0.6x | 0.4x | -0.0x |
| Wi-LAN Inc ($WIN) | -4.9x | -12.1x | -2.3x | -1.7x | -2.0x |
| Kinaxis Inc ($KXS) | 1.9x | 4.7x | -4.2x | -3.9x | -6.3x |
| |
|---|
| Median (6 companies) | 0.9x | 1.5x | 0.6x | -0.7x | -6.3x |
|---|
| Intrinsyc Technologies Corp ($ITC) | | | -19.5x | -4.4x | |
