Bravatek Solutions Inc revenue dropped on 86.8% and EBITDA Margin dropped on 11,311 pp from -230% to -11,541%
06/11/2019 • About Bravatek Solutions Inc (
$BVTK) • By InTwits
Bravatek Solutions Inc reported 2018 financial results today. Here are the key drivers of the company's long term financial model:
- The company operates at negative EBITDA Margin: -11,540.9%
- Bravatek Solutions Inc motivates its personel by high Stock Based Compensation (SBC): average SBC/Revenue for 2014-2018 was 0.0% while average EBITDA Margin was -1,176.8% for the sames years
- Bravatek Solutions Inc has high CAPEX intensity: 5 year average CAPEX/Revenue was 10.2%. At the same time it's a lot of higher than industry average of 3.1%.
- CAPEX is quite volatile: $0m in 2018, $0m in 2017, $0m in 2016, $0m in 2015, $0m in 2014
Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.
Revenue and profitability
The company's Revenue dropped on 86.8%. Revenue decline was worsened by EBITDA margin decline. EBITDA Margin dropped on 11,311 pp from -230% to -11,541% in 2018.
Gross Margin jumped on 50.1 pp from 23.5% to 73.5% in 2018. SG&A as a % of Revenue surged on 11,754 pp from 35.7% to 11,789% in 2018.
Net Income margin dropped on 29,117 pp from -657% to -29,774% in 2018.
Leverage (Debt)
Company's Net Debt / EBITDA is -1.1x and Debt / EBITDA is . Net Debt / EBITDA didn't change in 2018. Debt dropped on 12.9% while cash jumped on 11,175%.
Bravatek Solutions Inc has short term refinancing risk: cash is only 0.6% of short term debt.
Management team
Thomas A Cellucci "Thomas" is a the company's CEO. Thomas A Cellucci "Thomas" is a founder and has spent 3 years with the company. Bravatek Solutions Inc's CFO is Deborah King "Debbie". Deborah King "Debbie" has 12 years tenure at the company.
Financial and operational results
FY ended 12/31/2018
Bravatek Solutions Inc ($BVTK) key annual financial indicators| mln. $ | 2014 | 2015 | 2016 | 2017 | 2018 | 2018/2017 |
|---|
P&L
|
|---|
| Revenue | 0.001 | 0.000 | 0.392 | 0.203 | 0.027 | -86.8% |
| Gross Profit | | | 0.193 | 0.048 | 0.020 | -58.5% |
| SG&A | 0.309 | 1.707 | 0.744 | 0.072 | 3.165 | 4,270.5% |
| EBITDA | -0.391 | -1.792 | -1.584 | -0.468 | -3.099 | |
| Net Income | -6.783 | -3.324 | -5.351 | -1.334 | -7.994 | |
Balance Sheet
|
|---|
| Cash | 0.016 | 0.203 | 0.015 | 0.000 | 0.014 | 11,175.2% |
| Short Term Debt | 0.660 | 1.156 | 2.053 | 2.580 | 2.247 | -12.9% |
| Long Term Debt | 0.106 | 0.000 | 0.000 | 0.000 | 0.000 | |
Cash flow
|
|---|
| Capex | 0.000 | 0.000 | 0.200 | 0.000 | 0.000 | |
Ratios
|
|---|
| Revenue growth | -49.2% | -85.0% | 206,148.4% | -48.2% | -86.8% | |
| EBITDA growth | -23.9% | 357.7% | -11.6% | -70.5% | 562.3% | |
|
|---|
| Gross Margin | | | 49.2% | 23.5% | 73.5% | 50.1% |
| EBITDA Margin | -30,825.1% | -943,126.8% | -404.2% | -230.4% | -11,540.9% | -11,310.5% |
| SG&A, % of revenue | 24,305.7% | 898,317.4% | 189.9% | 35.7% | 11,789.5% | 11,753.8% |
| Net Income Margin | -534,121.3% | -1,749,468.4% | -1,365.5% | -657.2% | -29,774.4% | -29,117.3% |
| CAPEX, % of revenue | 0.0% | 0.0% | 51.0% | 0.0% | 0.0% | |
|
|---|
Peers in Systems Software
Below you can find Bravatek Solutions Inc benchmarking vs. other companies in Systems 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 |
|---|
| Advantego Corp ($ADGO) | | | | | 973.8% |
| Solbright Group Inc ($SBRT) | | | 286.4% | 25.4% | 414.0% |
| Duos Technologies Group Inc ($DUOT) | | 61.0% | -9.8% | -36.4% | 210.2% |
| Dell Technologies Inc. ($DVMT) | | | | | 145.7% |
| Finjan Holdings, Inc. ($FNJN) | | -6.2% | 292.3% | 174.6% | 63.0% |
| |
|---|
| Median (48 companies) | | 20.6% | 14.6% | 16.6% | 20.4% |
|---|
| Bravatek Solutions Inc ($BVTK) | | -85.0% | 206,148.4% | -48.2% | -86.8% |
Top companies by Gross margin, %
| Top 5 | FY2014 | FY2015 | FY2016 | FY2017 | FY2018 |
|---|
| StrikeForce Technologies Inc ($SFOR) | 97.0% | 96.9% | 98.3% | 95.4% | 94.0% |
| Varonis Systems, Inc. ($VRNS) | 90.2% | 90.6% | 90.5% | 90.4% | 89.8% |
| Check Point Software Technologies Ltd. ($CHKP) | 88.2% | 88.5% | 88.5% | 88.6% | 89.6% |
| Tableau Software, Inc. ($DATA) | 91.0% | 88.7% | 88.0% | 87.1% | 87.7% |
| Attunity Ltd. ($ATTU) | 90.7% | 84.9% | 83.9% | 84.1% | 87.5% |
| |
|---|
| Median (53 companies) | 76.6% | 75.4% | 73.6% | 74.1% | 75.0% |
|---|
| Bravatek Solutions Inc ($BVTK) | | | 49.2% | 23.5% | 73.5% |
Top companies by EBITDA margin, %
| Top 5 | FY2014 | FY2015 | FY2016 | FY2017 | FY2018 |
|---|
| Check Point Software Technologies Ltd. ($CHKP) | 54.3% | 52.4% | 49.8% | 50.7% | 48.8% |
| SolarWinds Corporation ($SWI) | | | -8.0% | 44.0% | 44.8% |
| Finjan Holdings, Inc. ($FNJN) | -192.1% | -295.2% | 2.2% | 30.2% | 42.0% |
| Oracle Corporation ($ORCL) | 46.2% | 43.8% | 40.8% | 40.2% | 40.8% |
| CA Inc. ($CA) | 33.9% | 36.7% | 37.2% | 36.1% | 35.3% |
| |
|---|
| Median (47 companies) | 1.0% | -5.0% | -8.0% | -3.6% | -3.9% |
|---|
| Bravatek Solutions Inc ($BVTK) | -30,825.1% | -943,126.8% | -404.2% | -230.4% | -11,540.9% |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2014 | FY2015 | FY2016 | FY2017 | FY2018 |
|---|
| The Rubicon Project, Inc. ($RUBI) | 15.6% | 11.4% | 12.0% | 26.0% | 16.0% |
| CYREN Ltd. ($CYRN) | 2.4% | 4.4% | 3.2% | 5.8% | 9.2% |
| ServiceNow, Inc. ($NOW) | 8.0% | 8.7% | 7.6% | 7.8% | 8.6% |
| Qualys, Inc. ($QLYS) | 10.4% | 12.2% | 11.7% | 16.4% | 8.2% |
| Zscaler, Inc. ($ZS) | | 12.5% | 7.8% | 6.5% | 8.0% |
| |
|---|
| Median (48 companies) | 2.9% | 2.2% | 2.0% | 2.4% | 2.6% |
|---|
| Bravatek Solutions Inc ($BVTK) | 0.0% | 0.0% | 51.0% | 0.0% | 0.0% |
Top companies by ROIC, %
| Top 5 | FY2014 | FY2015 | FY2016 | FY2017 | FY2018 |
|---|
| Finjan Holdings, Inc. ($FNJN) | -42.6% | -113.5% | 3.4% | 46.6% | 64.1% |
| Fortinet, Inc. ($FTNT) | 9.2% | 2.1% | 5.3% | 15.0% | 28.0% |
| Check Point Software Technologies Ltd. ($CHKP) | 22.2% | 23.7% | 24.7% | 26.8% | 25.5% |
| MAM Software Group, Inc. ($MAMS) | 13.3% | 19.3% | 21.1% | 24.2% | 25.2% |
| Red Hat, Inc. ($RHT) | 15.1% | 14.1% | 14.2% | 16.4% | 22.4% |
| |
|---|
| Median (56 companies) | 0.0% | 0.0% | -2.1% | -4.4% | -1.6% |
|---|
| Bravatek Solutions Inc ($BVTK) | | | | | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2014 | FY2015 | FY2016 | FY2017 | FY2018 |
|---|
| NXT-ID Inc. ($NXTD) | | | | | 9.7x |
| Symantec Corporation ($SYMC) | -3.2x | -1.5x | -5.0x | 10.0x | 4.7x |
| SolarWinds Corporation ($SWI) | | | | 6.2x | 4.1x |
| Oracle Corporation ($ORCL) | 0.4x | 1.2x | 1.6x | 2.4x | 2.4x |
| ServiceNow, Inc. ($NOW) | | | | 9.0x | 0.9x |
| |
|---|
| Median (23 companies) | -2.4x | -1.4x | -1.2x | -0.6x | -0.4x |
|---|
