MarketCap
Facebook
X
Telegram
Avinger Income Statement 2023-2011 | AVGR
Brief overview of revenue and earnings at Avinger
The conclusions below are based on five years of reported results. Avinger reported revenue of 7.9 million dollars in 2018 and 7.7 million dollars by 2023. The total change was −3.3%, with a CAGR of approximately −0.7%. The business did not achieve meaningful top-line expansion.
At the gross-profit level, the result moved from 1.4 million dollars to 2 million dollars, a change of +44.7%. The cost base moved more slowly than the top line, which supported margins. Gross profit as a share of revenue changed from 17.5% to 26.2%. The business retained more gross profit from each unit of revenue.
The five-year EBITDA result moved by +24.8%: from −21.7 million dollars to −16.3 million dollars. The operating result outpaced sales and points to improving efficiency. At the operating-margin level, the figure shifted from −274.8% to −213.6%. The increased EBITDA share is a positive sign.
The final result was −27.6 million dollars initially and −18.3 million dollars in the final year. The loss reduction is constructive, but the recovery is incomplete.
Over the period, capitalization shifted from $64.1 million to $2.6 million (−96%). Capitalization lags the underlying business improvement.
Summary assessment
Signs of deterioration dominate the five-year picture. The strongest signals are a stronger gross margin, higher operating efficiency and improving net profitability. The most visible risks are lower investor confidence, weak sales momentum and a narrow EBITDA buffer. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.
Annual Income Statement Avinger
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
2.59 M | 1.38 M | 42.5 M | 21.7 M | 165 M | 64.1 M | 949 M | 12.3 B | 2.06 T | - | - | - | - |
Shares |
786 K | 417 K | 4.72 M | 2.46 M | 7.24 M | 1.07 M | 652 K | 414 K | 11.4 M | 241 K | 234 K | - | - |
Historical Prices |
3.3 | 3.3 | 9 | 8.8 | 22.8 | 60 | 1.46 K | 29.6 K | 182 K | - | - | - | - |
Net Income |
-18.3 M | -17.6 M | -17.4 M | -19 M | -19.4 M | -27.6 M | -48.7 M | -56.1 M | -13.5 M | -32 M | -39.9 M | -33.9 M | - |
Revenue |
7.65 M | 8.27 M | 10.1 M | 8.76 M | 9.13 M | 7.92 M | 9.93 M | 19.2 M | 2.86 M | 11.2 M | 13 M | 8.56 M | - |
Cost of Revenue |
5.65 M | 5.62 M | 6.71 M | 6.14 M | 6.26 M | 6.53 M | 13 M | 14.4 M | 6.48 M | 6.51 M | 8.2 M | - | - |
Gross Profit |
2 M | 2.65 M | 3.42 M | 2.62 M | 2.87 M | 1.38 M | -3.07 M | 4.77 M | 1.05 M | 4.7 M | 4.76 M | 4.41 M | - |
Operating Income |
-16.6 M | -16 M | -18.1 M | -17.4 M | -19.4 M | -23 M | -42.6 M | -50.7 M | -40.7 M | -25 M | -37 M | - | - |
Interest Expense |
1.72 M | 1.66 M | 1.65 M | 1.69 M | 1.48 M | 5.69 M | 6.3 M | 5.52 M | 5.17 M | 6.02 M | 2.93 M | - | - |
EBITDA |
-16.3 M | -15.8 M | -17.4 M | -16.5 M | -18.5 M | -21.7 M | -41.1 M | -49.2 M | -39.4 M | -23.6 M | -35.5 M | -33.1 M | - |
Operating Expenses |
18.6 M | 18.6 M | 21.5 M | 20 M | 22.2 M | 24.4 M | 39.5 M | 55.5 M | 13.4 M | 29.7 M | 41.7 M | 38.3 M | - |
General and Administrative Expenses |
14.1 M | 14.2 M | 15.6 M | 14.3 M | 16.5 M | 18.4 M | 25.1 M | 40 M | 29.2 M | 18.5 M | 25.8 M | 22.8 M | - |
All numbers in USD currency
Quarterly Income Statement Avinger
| 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
2.22 M | 1.63 M | 1.48 M | 1.28 M | 698 K | 9.14 M | 8.22 M | 522 K | 6.8 M | 5.7 M | 4.89 M | 4.78 M | 95.4 M | 95.4 M | 91.4 M | 84.9 M | 69.5 M | 27.3 M | 14.6 M | 10.4 M | 7.9 M | 6.38 M | 42.5 M | 3.49 M | 11.2 M | 6.76 M | 1.99 M | 834 K | 24.3 M | 23.9 M | 23.8 M | 594 K | 17.7 M | 12.7 M | 12.7 M | 12.6 M | 12.3 K | 12.2 K | 8.37 K | 243 K | 241 | 242 | 242 | - | - | - | - | - | - | - | - | - | - | - | - |
Net Income |
-3.71 M | -4.36 M | -5.52 M | - | -4.48 M | -4.18 M | -4.64 M | - | -4.09 M | -4.21 M | -5.14 M | - | -4.91 M | -2.45 M | -5.05 M | - | -4.52 M | -4 M | -5.85 M | - | -4.62 M | -4.65 M | -5.06 M | - | -5.39 M | -5.8 M | -10.3 M | - | -10.4 M | -12.8 M | -15.3 M | -13.5 M | -13 M | -13.5 M | -16.2 M | -13.5 M | -13.2 M | -10.2 M | -10.4 M | -8.14 M | -8.78 M | -7.08 M | -7.97 M | - | - | - | - | - | - | - | - | - | - | - | - |
Revenue |
1.65 M | 1.85 M | 1.86 M | - | 1.82 M | 2.04 M | 1.89 M | - | 2.25 M | 2.13 M | 1.89 M | - | 2.37 M | 2.8 M | 2.56 M | - | 2.3 M | 1.47 M | 2.26 M | - | 2.41 M | 2.32 M | 1.84 M | - | 2.02 M | 2.06 M | 1.81 M | - | 2.07 M | 2.46 M | 3.49 M | 4.68 M | 5.32 M | 4.68 M | 4.54 M | 2.86 M | 2.72 M | 3.05 M | 2.09 M | 3.07 M | 2.63 M | 3.39 M | 2.12 M | - | - | - | - | - | - | - | - | - | - | - | - |
Cost of Revenue |
1.22 M | 1.47 M | 1.52 M | - | 1.43 M | 1.44 M | 1.25 M | - | 1.46 M | 1.48 M | 1.36 M | - | 1.57 M | 1.78 M | 1.66 M | - | 1.52 M | 1.11 M | 1.76 M | - | 1.56 M | 1.6 M | 1.47 M | - | 1.48 M | 2.17 M | 1.42 M | - | 3.27 M | 3.92 M | 4.08 M | - | 3.74 M | 3.64 M | 3.36 M | - | 1.75 M | 1.63 M | 1.29 M | - | 1.47 M | 1.97 M | 1.5 M | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
426 K | 378 K | 343 K | - | 388 K | 605 K | 636 K | - | 790 K | 657 K | 524 K | - | 800 K | 1.02 M | 894 K | - | 777 K | 359 K | 501 K | - | 847 K | 720 K | 373 K | - | 543 K | -111 K | 394 K | - | -1.2 M | -1.46 M | -584 K | 981 K | 1.57 M | 1.04 M | 1.18 M | 1.05 M | 971 K | 1.41 M | 800 K | 1.5 M | 1.16 M | 1.42 M | 616 K | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Income |
-3.67 M | -4.13 M | -5.09 M | - | -4.03 M | -3.73 M | -4.26 M | - | -3.68 M | -3.76 M | -4.7 M | - | -4.49 M | -4.41 M | -4.65 M | - | -4.1 M | -3.59 M | -5.48 M | - | -4.62 M | -4.71 M | -5.03 M | - | -5.12 M | -5.47 M | -5.64 M | - | -8.87 M | -11.3 M | -13.8 M | - | -11.4 M | -12.3 M | -15 M | - | -9.88 M | -9.08 M | -9.42 M | - | -6.14 M | -5.53 M | -6.38 M | - | - | - | - | - | - | - | - | - | - | - | - |
Interest Expense |
48 K | 234 K | 416 K | - | 455 K | 445 K | 392 K | - | 407 K | 440 K | 439 K | - | 419 K | 400 K | 398 K | - | 433 K | 414 K | 398 K | - | 377 K | 364 K | 350 K | - | 324 K | 362 K | 4.67 M | - | 1.6 M | 1.57 M | 1.55 M | - | 1.55 M | 1.24 M | 1.17 M | - | 1.33 M | 1.34 M | 1.32 M | - | 1.71 M | 1.62 M | 1.57 M | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA |
-3.42 M | -3.96 M | -5.01 M | - | -3.82 M | -3.59 M | -4.19 M | - | -3.55 M | -3.68 M | -4.68 M | - | -3.96 M | -4.04 M | -4.46 M | - | -3.42 M | -3.14 M | -5.25 M | - | -3.96 M | -4.28 M | -4.83 M | - | -4.38 M | -4.96 M | -5.37 M | - | -7.71 M | -10.4 M | -13.4 M | - | -10.3 M | -11.6 M | -14.7 M | - | -8.92 M | -8.44 M | -9.11 M | - | -5.01 M | -4.74 M | -5.97 M | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Expenses |
4.1 M | 4.5 M | 5.43 M | - | 4.42 M | 4.33 M | 4.89 M | - | 4.47 M | 4.42 M | 5.22 M | - | 5.29 M | 5.42 M | 5.54 M | - | 4.88 M | 3.95 M | 5.98 M | - | 5.46 M | 5.43 M | 5.4 M | - | 5.66 M | 5.36 M | 6.04 M | - | 7.67 M | 9.8 M | 13.2 M | 12.9 M | 13 M | 13.3 M | 16.2 M | 13.4 M | 10.8 M | 10.5 M | 10.2 M | 8.48 M | 7.31 M | 6.95 M | 7 M | - | - | - | - | - | - | - | - | - | - | - | - |
General and Administrative Expenses |
3.01 M | 3.6 M | 4.37 M | - | 3.38 M | 3.35 M | 3.54 M | - | 3.38 M | 3.33 M | 4.15 M | - | 3.89 M | 3.92 M | 3.94 M | - | 3.46 M | 2.65 M | 4.39 M | - | 4.09 M | 4.09 M | 3.99 M | - | 4.26 M | 4.2 M | 4.26 M | - | 4.93 M | 6.19 M | 9.32 M | - | 9.41 M | 9.46 M | 12.2 M | - | 6.89 M | 6.54 M | 6.36 M | - | 4.58 M | 4.19 M | 4.14 M | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
The income statement is one of the three key financial reports of a company Avinger (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
USA
France
China
Israel
Britain
Canada
