Income Statement
|
Income Statement |
| FYE 6/30/00 | FYE 6/30/01 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1Q | 2Q | 3Q | 4Q | Total | 1Q | 2Q | 3Q | 4Q | Total | |||
| Units Sold | ||||||||||||
| Systems | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20 | 30 | |||
| Aggregate Systems | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20 | 50 | 50 | ||
| Chips | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 232 | 820 | 1,052 | ||
| Revenue | ||||||||||||
| System Royalties (from OEM) | 0 | 0 | 0 | 0 | 0 | 0% | 0 | 0 | 96,000 | 144,000 | 240,000 | 5% |
| Sensor Chips | 0 | 0 | 0 | 0 | 0 | 0% | 0 | 0 | 58,083 | 205,000 | 263,083 | 5% |
| Contract and Grants | 0 | 0 | 300,000 | 0 | 300,000 | 100% | 1,875,000 | 0 | 2,875,000 | 0 | 4,750,000 | 90% |
| Total Revenue | 0 | 0 | 300,000 | 0 | 300,000 | 100% | 1,875,000 | 0 | 3,029,083 | 349,000 | 5,253,083 | 100% |
| Cost of Sales | ||||||||||||
| Sensor Chips | 0 | 0 | 0 | 0 | 0 | 0% | 0 | 0 | 278,419 | 315,289 | 593,708 | 11% |
| Contract and Grants | 0 | 0 | 0 | 0 | 0 | 0% | 1,687,500 | 0 | 1,687,500 | 0 | 3,375,000 | 64% |
| Gross Margin | 0 | 0 | 300,000 | 0 | 300,000 | 100% | 187,500 | 0 | 1,063,164 | 33,711 | 1,284,375 | 24% |
| Operating Expenses | ||||||||||||
| Royalty to University | 0 | 0 | 0 | 0 | 0 | 0% | 0 | 0 | 12,327 | 87,673 | 100,000 | 2% |
| Research & Development | 30,000 | 30,000 | 52,357 | 169,880 | 282,238 | 94% | 417,923 | 618,476 | 550,176 | 683,067 | 2,269,642 | 43% |
| Sales & Marketing | 0 | 0 | 94,804 | 94,804 | 189,608 | 63% | 140,155 | 160,155 | 280,802 | 326,767 | 907,879 | 17% |
| General & Admin. | 107,017 | 189,658 | 199,497 | 204,417 | 700,589 | 234% | 277,129 | 302,044 | 391,361 | 395,259 | 1,365,793 | 26% |
| Sponsored Research | 450,000 | 0 | 300,000 | 0 | 750,000 | 250% | 450,000 | 0 | 300,000 | 0 | 750,000 | 14% |
| Total Operating Expenses | 587,017 | 219,658 | 646,659 | 469,101 | 1,922,435 | 641% | 1,285,208 | 1,080,675 | 1,534,665 | 1,492,767 | 5,393,314 | 103% |
| EBIT | (587,017) | (219,658) | (346,659) | (469,101) | (1,622,435) | -541% | (1,097,708) | (1,080,675) | (471,501) | (1,459,056) | (4,108,939) | -78% |
| Interest Expense | (67) | (128) | (5,713) | (8,161) | (14,069) | -5% | (7,988) | (7,642) | (8,409) | (9,879) | (33,919) | -1% |
| EBT | (587,084) | (219,786) | (352,372) | (477,262) | (1,636,504) | -546% | (1,105,695) | (1,088,317) | (479,910) | (1,468,935) | (4,142,858) | -79% |
| Income taxes | 0 | 0 | 0 | 0 | 0 | 0% | 0 | 0 | 0 | 0 | 0 | 0% |
| Net Income (Loss) | (587,084) | (219,786) | (352,372) | (477,262) | (1,636,504) | -546% | (1,105,695) | (1,088,317) | (479,910) | (1,468,935) | (4,142,858) | -79% |
| FYE 6/30/02 | FYE 6/30/03 | FYE 6/30/04 | FYE 6/30/05 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1Q | 2Q | 3Q | 4Q | Total | ||||||||
| Units Sold | ||||||||||||
| Systems | 30 | 34 | 41 | 45 | 300 | 600 | 1,000 | |||||
| Aggregate Systems | 80 | 114 | 155 | 200 | 200 | 500 | 1,100 | 2,100 | ||||
| Chips | 1,435 | 2,091 | 2,877 | 3,793 | 10,195 | 41,000 | 90,200 | 172,200 | ||||
| Revenue | ||||||||||||
| System Royalties (from OEM) | 144,000 | 163,200 | 196,800 | 216,000 | 720,000 | 4% | 1,440,000 | 6% | 2,880,000 | 8% | 4,800,000 | 8% |
| Sensor Chips | 358,750 | 522,750 | 719,208 | 948,125 | 2,548,833 | 16% | 10,250,000 | 42% | 22,550,000 | 59% | 43,050,000 | 76% |
| Contract and Grants | 6,375,000 | 0 | 6,375,000 | 0 | 12,750,000 | 80% | 12,750,000 | 52% | 12,750,000 | 33% | 9,000,000 | 16% |
| Total Revenue | 6,877,750 | 685,950 | 7,291,008 | 1,164,125 | 16,018,833 | 100% | 24~440,000 | 100% | 38,180,000 | 100% | 56,850,000 | 100% |
| Cost of Sales | ||||||||||||
| Sensor Chips | 500,887 | 513,655 | 582,758 | 631,239 | 2,228,540 | 14% | 3,970,336 | 16% | 6,594,013 | 17% | 12,077,381 | 21% |
| Contract and Grants | 5,737,500 | 0 | 5,737,500 | 0 | 11,475,000 | 72% | 11,475,000 | 47% | 11,475,000 | 30% | 8,100,000 | 14% |
| Gross Margin | 639,363 | 172,295 | 970,750 | 532,886 | 2,315,294 | 14% | 8,994,664 | 37% | 20,110,987 | 53% | 36,672,619 | 65% |
| Operating Expenses | ||||||||||||
| Royalty to University | 40,220 | 54,876 | 73,281 | 93,130 | 261,507 | 2% | 935,200 | 4% | 2,034,400 | 5% | 3,828,000 | 7% |
| Research & Development | 639,866 | 639,866 | 691,755 | 691,755 | 2,663,241 | 17% | 3,962,692 | 16% | 4,577,657 | 12% | 5,785,086 | 10% |
| Sales & Marketing | 443,273 | 483,523 | 495,802 | 510,109 | 1,9329706 | 12% | 3,553,993 | 15% | 5,997,858 | 16% | 10,514,054 | 18% |
| General & Admin. | 444,926 | 448,590 | 453,191 | 458,153 | 1,804,860 | 11% | 2,021,454 | 8% | 2,357,924 | 6% | 2,873,176 | 5% |
| Sponsored Research | 0 | 0 | 0 | 0 | 0 | 0% | 0 | 0% | 0 | 0% | 0 | 0% |
| Total Operating Expenses | 1,568,284 | 1,626,854 | 1,714,028 | 1,753,147 | 6,662,313 | 42% | 10,473,339 | 43% | 14,967,839 | 39% | 23,000,316 | 40% |
| EBIT | (928,922) | (1,454,560) | (743,277) | (1,220,261) | (4,347,020) | -27% | (1,478,675) | -6% | 5,143,149 | 13% | 13,672,303 | 24% |
| Interest Expense | (18,113) | (19,849) | (20,974) | (22,362) | (81,298) | -1% | (145,205) | -1% | (201,687) | -1% | (194,722) | 0% |
| EBT | (947,035) | (1,474,409) | (764,251) | (1,242,623) | (4,428,318) | -28% | (1,623,880) | -7% | 4,941,461 | 13% | 13,477,581 | 24% |
| Income taxes | 0 | 0 | 0 | 0 | 0 | 0% | 0 | 0% | 0 | 0% | 2,634,993 | 5% |
| Net Income (Loss) | (947,035) | (1,474,409) | (764,251) | (1,242,623) | (4,428,318) | -28% | (1,623,880) | -7% | 4,941,461 | 13% | 10,842,588 | 19% |
| Vusion, Inc. | ||
| Table of Contents | Appendices | |
|
0. Executive Summary 1. The Problem 2. The Solution 3. Vusion Provides the Solution 4. Market Analysis 5. Marketing Strategy 6. Manufacturing Strategy |
Financial Model: Assumptions Income Statement Balance Sheet Statement of Cashflow Resumes | |
| All information herein is confidential and belongs to Vusion, Inc. | ||