Brainsway (BWAY) financial statements
Brainsway reported revenue of $41M in fiscal 2024, up 20.5% a year over 7 years.
Net income was $3M and the operating margin 3.4%, against -59.3% in 2017.
The diluted share count rose 130% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Brainsway's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $11M | $16M | $23M | $22M | $30M | $27M | $32M | $41M |
| Cost of revenue | $3M | $4M | $5M | $5M | $7M | $7M | $8M | $10M |
| Gross profit | $9M | $13M | $18M | $17M | $23M | $20M | $23M | $31M |
| Research and development | $5M | $6M | $8M | $6M | $6M | $8M | $7M | $7M |
| Selling, general and admin | $3M | $3M | $5M | $5M | $6M | $7M | $5M | $6M |
| Operating income | -$7M | -$5M | -$8M | -$5M | -$5M | -$13M | -$5M | $1M |
| Interest expense | $274,000 | $1M | $1M | $319,000 | -$2M | $1M | $1M | $2M |
| Pre-tax income | -$7M | -$6M | -$10M | -$5M | -$6M | -$13M | -$4M | $3M |
| Income tax | $169,000 | $209,000 | $422,000 | $237,000 | $43,000 | $315,000 | $251,000 | $538,000 |
| Net income | -$7M | -$6M | -$10M | -$5M | -$6M | -$13M | -$4M | $3M |
| EPS (diluted) | — | — | — | — | -$0.21 | -$0.40 | -$0.13 | $0.05 |
| Diluted shares | 15M | 17M | 21M | 22M | 31M | 33M | 33M | 34M |
| Gross margin | 76.7% | 78.1% | 77.8% | 77.1% | 77.7% | 73.8% | 73.9% | 74.6% |
| Operating margin | -59.3% | -31.2% | -36.7% | -21.9% | -16.9% | -46.7% | -15.6% | 3.4% |
| Net margin | -63.3% | -39.5% | -44.7% | -24.4% | -21.8% | -49.1% | -13.2% | 7.1% |
Balance sheet
Fiscal years, from Brainsway's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $15M | $9M | $22M | $17M | $17M | $48M | $11M | $69M |
| Inventory | — | — | — | — | — | $4M | $4M | $4M |
| Total current assets | — | $13M | $29M | $24M | $65M | $58M | $55M | $80M |
| Property, plant and equipment | — | $3M | $4M | $4M | — | — | — | — |
| Total assets | — | $24M | $39M | $34M | $76M | $64M | $63M | $94M |
| Total current liabilities | — | $8M | $7M | $7M | $9M | $8M | $10M | $15M |
| Long-term debt | — | $2M | — | — | — | — | — | — |
| Total liabilities | — | $17M | $15M | $14M | $18M | $19M | $21M | $32M |
| Shareholders' equity | $13M | $7M | $24M | $20M | $57M | $45M | $42M | $62M |
| Net debt | -$15M | -$6M | -$22M | -$17M | -$17M | -$48M | -$11M | -$69M |
Cash flow
Fiscal years, from Brainsway's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$3M | -$4M | -$7M | -$1M | $884,000 | -$10M | $1M | $10M |
| Capital spending | $985,000 | $2M | $3M | $2M | $2M | — | — | — |
| Free cash flow | -$4M | -$6M | -$11M | -$4M | -$1M | — | — | — |
| Stock-based compensation | $1M | $710,000 | $1M | $799,000 | $2M | $1M | $381,000 | $1M |
| Net borrowing | $3M | — | -$3M | — | — | — | — | — |
| Free cash flow margin | -39.9% | -35.0% | -45.7% | -17.7% | -4.6% | — | — | — |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for BWAY.
Open BWAY in InvestinglyQuestions
What was Brainsway's revenue in 2024?
$41M in fiscal 2024, from its 10-K filing.
From Brainsway's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.