Investview Inc reports 39.2% revenue growth in FY2018 and 44.5 pp EBITDA Margin decline from -15.0% to -59.6%
06/29/2018 • About Investview Inc (
$INVU) • By InTwits
Investview Inc reported FY2018 financial results today. Here are the key drivers of the company's long term financial model:
- Investview Inc is a fast growth stock: FY2018 revenue growth was 39.2%, 5 year revenue CAGR was 60.9% at FY2018 ROIC
- The company operates at negative EBITDA Margin: -59.6%
- Investview Inc motivates its personel by high Stock Based Compensation (SBC): average SBC/Revenue for FY2014-FY2018 was 0.0% while average EBITDA Margin was -66.7% for the sames years
- Investview Inc has low CAPEX intensity: 5 year average CAPEX/Revenue was 1.8%. At the same time it's a lot of higher than industry average of 3.6%.
- CAPEX is quite volatile: $0m in FY2018, $0m in FY2017, $0m in FY2016, $0m in FY2015, $0m in FY2014
Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.
Revenue and profitability
Investview Inc's Revenue jumped on 39.2%. Revenue growth showed slowdown in FY18Q4 - it was -26.8% YoY. Despite revenue decline the EBITDA margin expanded. EBITDA Margin surged on 21.7 pp from -15.7% to 6.0% in FY2018.
Gross Margin dropped on 30.8 pp from 93.3% to 62.5% in FY2018. SG&A as a % of Revenue increased on 2.2 pp from 13.2% to 15.4% in FY2018.
Net Income margin dropped on 64.4 pp from -18.9% to -83.2% in FY2018.
Investments (CAPEX, working capital and M&A)
In FY2018 the company had CAPEX/Revenue of 0.063%. The company showed decline in CAPEX/Revenue of 9.1 pp from 9.1% in FY2015 to 0.063% in FY2018.
Leverage (Debt)
Company's Net Debt / EBITDA is -7.1x and Debt / EBITDA is . Debt dropped on 90.7% while cash jumped on 92,145%.
Investview Inc has no short term refinancing risk: cash is higher than short term debt (763.5%).
Management team
William C Kosoff is a the company's CFO. William C Kosoff has spent 6 years at the company.
Financial and operational results
FY ended 03/31/2018
Investview Inc ($INVU) key annual financial indicators| mln. $ | 2014 | 2015 | 2016 | 2017 | 2018 | 2018/2017 |
|---|
P&L
|
|---|
| Revenue | 1.048 | 0.709 | 0.354 | 12.873 | 17.917 | 39.2% |
| Gross Profit | 0.991 | 0.627 | 0.310 | 12.010 | 11.204 | -6.7% |
| SG&A | 3.978 | 5.537 | 1.975 | 1.700 | 2.765 | 62.7% |
| EBITDA | -2.988 | -4.673 | -1.665 | -1.935 | -10.674 | |
| Net Income | -4.153 | -9.166 | -2.104 | -2.427 | -14.913 | |
Balance Sheet
|
|---|
| Cash | 0.196 | 0.806 | 0.008 | 0.002 | 1.491 | 92,145.4% |
| Short Term Debt | 1.602 | 0.240 | 0.389 | 2.094 | 0.195 | -90.7% |
| Long Term Debt | 1.088 | 1.699 | 1.694 | 0.000 | 0.000 | |
Cash flow
|
|---|
| Capex | 0.000 | 0.065 | 0.000 | 0.000 | 0.011 | |
Ratios
|
|---|
| Revenue growth | -36.9% | -32.4% | -50.1% | 3,537.2% | 39.2% | |
| EBITDA growth | -55.6% | 56.4% | -64.4% | 16.3% | 451.5% | |
|
|---|
| Gross Margin | 94.5% | 88.5% | 87.7% | 93.3% | 62.5% | -30.8% |
| EBITDA Margin | -284.9% | -658.9% | -470.4% | -15.0% | -59.6% | -44.5% |
| SG&A, % of revenue | 379.5% | 780.7% | 558.1% | 13.2% | 15.4% | 2.2% |
| Net Income Margin | -396.1% | -1,292.3% | -594.6% | -18.9% | -83.2% | -64.4% |
| CAPEX, % of revenue | 0.0% | 9.1% | 0.0% | 0.0% | 0.1% | |
|
|---|
Investview Inc ($INVU) key quoterly financial indicators
| mln. $ | FY18Q1 | FY18Q2 | FY18Q3 | FY18Q4 | | YoY change |
|---|
P&L
|
|---|
| Revenue | 3 | 4 | 4 | 7 | | 9.5% | -16.2% | 23.7% | -26.8% |
| EBITDA | -1 | -1 | -7 | -1 | | | -629.4% | -4,546.4% | -1,198.6% |
| Net Income | -5 | -1 | -7 | -2 | | | -1,124.7% | -45,091.3% | |
Balance Sheet
|
|---|
| Cash | 0 | 0 | 0 | 1 | | 56.4% | -70.9% | 9,832.0% | 92,145.4% |
| Short Term Debt | 1 | 1 | 0 | 0 | | -64.0% | -47.1% | -82.8% | -90.7% |
| Long Term Debt | 0 | 0 | 0 | 0 | | -100.0% | | | |
Ratios
|
|---|
| Gross Margin | 93.5% | 96.6% | -57.7% | 97.5% | | 5.2% | 0.4% | -152.1% | 2.8% |
| EBITDA Margin | -34.3% | -25.5% | -187.6% | -18.2% | | 23.2% | -29.6% | -192.9% | -19.4% |
| Net Income Margin | -162.8% | -30.2% | -181.5% | -24.8% | | -104.1% | -32.7% | -182.0% | -23.8% |
Peers in Application Software
Below you can find Investview Inc benchmarking vs. other companies in Application Software 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 | FY2014 | FY2015 | FY2016 | FY2017 | FY2018 |
|---|
| nFusz Inc ($FUSZ) | | | | | 433.3% |
| CloudCommerce Inc ($CLWD) | | -38.1% | 247.6% | 40.9% | 301.1% |
| Seven Stars Cloud Group, Inc. ($SSC) | | 134.7% | 663.8% | 310.3% | 161.7% |
| Aurora Mobile Limited ($JG) | | | | 304.9% | 150.8% |
| Intelligent Systems Corporation ($INS) | | 14.2% | 71.0% | 12.2% | 119.0% |
| |
|---|
| Median (150 companies) | 27.9% | 14.0% | 14.3% | 14.8% | 15.2% |
|---|
| Investview Inc ($INVU) | | -32.4% | -50.1% | 3,537.2% | 39.2% |
Top companies by Gross margin, %
| Top 5 | FY2014 | FY2015 | FY2016 | FY2017 | FY2018 |
|---|
| Skkynet Cloud Systems Inc ($SKKY) | 99.7% | 97.4% | 98.0% | 97.6% | 96.5% |
| hopTo Inc ($HPTO) | 91.8% | 87.8% | 95.9% | 98.2% | 95.4% |
| Aware, Inc. ($AWRE) | 75.4% | 87.2% | 90.3% | 94.6% | 92.3% |
| Alteryx, Inc. ($AYX) | 77.5% | 80.5% | 81.3% | 83.4% | 91.0% |
| Aspen Technology, Inc. ($AZPN) | 86.5% | 88.7% | 89.7% | 90.2% | 89.9% |
| |
|---|
| Median (149 companies) | 62.8% | 61.7% | 63.8% | 64.4% | 66.0% |
|---|
| Investview Inc ($INVU) | 94.5% | 88.5% | 87.7% | 93.3% | 62.5% |
Top companies by EBITDA margin, %
| Top 5 | FY2014 | FY2015 | FY2016 | FY2017 | FY2018 |
|---|
| Aspen Technology, Inc. ($AZPN) | 34.5% | 42.2% | 46.0% | 45.2% | 43.3% |
| ANSYS, Inc. ($ANSS) | 45.9% | 45.8% | 45.1% | 41.9% | 41.4% |
| Paycom Software, Inc. ($PAYC) | 15.1% | 19.5% | 35.1% | 34.4% | 35.9% |
| j2 Global, Inc. ($JCOM) | 41.6% | 40.6% | 41.7% | 36.5% | 35.7% |
| Adobe Inc. ($ADBE) | 17.5% | 25.9% | 31.2% | 34.2% | 35.3% |
| |
|---|
| Median (151 companies) | -10.1% | -9.4% | -4.7% | -3.3% | -3.1% |
|---|
| Investview Inc ($INVU) | -284.9% | -658.9% | -470.4% | -15.0% | -59.6% |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2014 | FY2015 | FY2016 | FY2017 | FY2018 |
|---|
| TimefireVR Inc ($TFVR) | 0.0% | 350.5% | 4.3% | | 1,021.9% |
| MGT Capital Investments Inc ($MGTI) | 0.0% | 36.5% | 221.4% | 129.8% | 344.5% |
| Integrated Ventures Inc ($INTV) | | | | | 199.9% |
| ShotSpotter, Inc. ($SSTI) | | 18.3% | 28.9% | 27.1% | 24.3% |
| Ellie Mae, Inc. ($ELLI) | 12.3% | 20.6% | 16.7% | 21.1% | 19.4% |
| |
|---|
| Median (152 companies) | 2.8% | 2.7% | 3.0% | 2.3% | 2.4% |
|---|
| Investview Inc ($INVU) | 0.0% | 9.1% | 0.0% | 0.0% | 0.1% |
Top companies by ROIC, %
| Top 5 | FY2014 | FY2015 | FY2016 | FY2017 | FY2018 |
|---|
| InsPro Technologies Corp ($ITCC) | -558.9% | | | | 127.4% |
| Manhattan Associates, Inc. ($MANH) | 64.8% | 78.7% | 99.3% | 102.5% | 80.9% |
| Intuit Inc. ($INTU) | 34.2% | 23.7% | 52.1% | 72.6% | 66.8% |
| Aspen Technology, Inc. ($AZPN) | 133.4% | | | | 58.1% |
| Paycom Software, Inc. ($PAYC) | 16.7% | 30.5% | 75.4% | 51.1% | 47.5% |
| |
|---|
| Median (178 companies) | -14.3% | -12.2% | -9.5% | -11.0% | -9.3% |
|---|
| Investview Inc ($INVU) | | | | | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2014 | FY2015 | FY2016 | FY2017 | FY2018 |
|---|
| Upland Software, Inc. ($UPLD) | | | 16.4x | 115.6x | 16.7x |
| Nuance Communications, Inc. ($NUAN) | 7.9x | 5.7x | 5.3x | 7.1x | 15.2x |
| Asure Software Inc ($ASUR) | 3.4x | 4.5x | 3.6x | 9.5x | 14.5x |
| SS&C Technologies Holdings, Inc. ($SSNC) | 1.7x | 7.3x | 4.6x | 3.1x | 8.5x |
| Avaya Holdings Corp. ($AVYA) | | | | | 7.4x |
| |
|---|
| Median (70 companies) | -1.4x | -1.0x | -0.9x | -0.8x | -0.7x |
|---|
